Poor's manual of railroads

&

"\j***frv >•

POORS

MANUAL

1898.

AMERICAN BANK NOTE Co.

NO. 86 TRINITY PLACE/
NEW YORK, ;

Engravers and Printers,

STEEL PLATE AND LITHOGRAPHIC

RAILROAD BONDS/

STOCK CERTIFICATES,

'HCKETS, MAPS, FOLDERS, ETC. ETC,

KOUNTZE BROTHERS,

Broadway and Cedar Street, - New York.

Deposits received subject to check, and interest
allowed on daily balances.

Advances made to correspondents against avail-
able collateral; also approved business paper dis-
counted or received as security for loans.

Government Bonds and other Securities bought
and sold for the usual commission.

Coupons and Dividends paid for Municipalities
and Corporations.

Telegraphic Transfers made throughout the
United States.

Bills drawn on Great Britain, Ireland and the
Continent.

Cable Transfers made to Europe.

LETTERS OF CREDIT

Issued for the use of travelers, available in all parts
of the world.

CORRESPONDENCE INVITED FROM BANKS, BANKERS,
CORPORATIONS OR OTHERS DESIRING TO OPEN AC-
COUNTS IN NEW YORK OR REQUIRING ADDITIONAL
FACILITIES.

HARVEY FISK & SONS

BANKERS AND DEALERS IN

Government, Railroad, and Municipal Bonds

AND OTHER

Selected Securities

PARTICULAR ATTENTION GIVEN TO THE ACCOUNTS
OF RAILROAD AND OTHER CORPORATIONS ......

NEW YORK, 29 Nassau Street
BOSTON, 13 Congress Street

PHILADELPHIA, represented by JAMES H. CHAPMAN,
421 Chestnut Street

S. W. MURRAY, Chairman. C. H. DICKERMAN, Secy, and Treas. C. L. ROGERS, Gen'l Manager.

RICHARD C. CARTER.

THE MILTON GAR WORKS

MURRAY, DOUGAL & CO., Limited.

MILTON, PENNSYLVANIA.

Manufacturers of All Classes of Freight Equipment for Foreign and Domestic Traffic,

including Flat Cars, Hopper Coal Cars, Box Cars, Refrigerator Cars,

Sugar-Cane Cars, Logging Cars, Revolving Dump Cars,

Ventilating Box Cars, and Caboose Cars.

We make a specialty of TANK CARS for transporting Molasses, Petroleum, Spirits, Acids, and
Cotton Oil, and, in fact, all styles of Freight Equipment that may be desired, both Standard and
Narrow Gage. We have superior facilities for furnishing1 Kailroad Casting's and Forcings, for Air
Brake and General Repair Work.

We also manufacture, under our own patents, Combination Box-Tank Curs for the Pacific Coast
Trade. Send for our latest catalogue.

THE CARNEGIE STEEL COMPANY, LIMITED,

of Pittsburg. Pa.,

With Sales Offices at

Boston, Cleveland,

New York, Detroit,

Philadelphia, Chicago,

Cincinnati,
Atlanta,

St. Louis,

Washington, Minneapolis, Denvei

Buffalo, San Francisco,

Montreal, and London,

Manufactures and Sells

Steel Rails, Blooms, Billets, Beams, Channels, Angles, Armor,

Boiler, Tank and Ship Plate, Axles, Links, Pins, Car

Forgings, Pig-iron, Spiegeleisen, Ferro-manganese.

and all other forms of Rolled Bessemer

and Open-hearth Steel.

TAYLOR IRON AND STEEL CO.,

MANUFACTURERS OF

'W'lHIIEIELS

Steel Tired for Passenger Cars and Locomotives.

Chilled for Passenger and Freight Cars.

Manganese Steel for Mine and Quarry Cars.
Ordinary Steel for Small Cars.

For Locomotives, Tenders, Passenger and Freight Cars, etc.

MANGANESE STEEL CASTINGS

For Crushing, Grinding and Dredging Machinery
where severe service is called for.

STEEL

For Knuckles, Electrical and General Purposes.

SOLICITED.

Works and General Office, High Bridge, N. J.

LATROBE STEEL COMPANY,

Manufacturers of

FOR LOCOMOTIVE AND CAR WHEELS

and of
SOFT STEEL WELDLESS

Forged and Rolled from

SOLID STEEL INGOTS

Suitable for High Pressure Steam, Water or Gas Lines.

MAIN OFFICE: 1 2OO Girard Building, Philadelphia.

RRAMOW op-trmirc . i 33 Wall Street, New York.
BRANC -1CES:} Union Trust Building; St. Louis.

STEEL

HIGHEST AWARD

WORLD'S COLUMBIAN

EXPOSITION

1893.

STEEL

WM. JESSOP & SONS, Ltd.

Works at Sheffield, England.

Chief American Depot, 9 1 John St., New York. w<^

. WAGNER,

MANAGER.

TOOL STEEL

TOP Hf?CT DRILLS, DIES,

HE DLZH ESS TAPS, REAMERS,

PUNCHES, SAWS, Etc.

STEEL

COLD MEDAL, PARIS,
1889.

TWENTY HIGHEST
EXHIBITION AWARDS.

STEEL

LIDGERWOOD

HOISTING
ENGINES

Are Built to Gauge on the Duplicate
Part System. Quick Delivery Assured.

STANDARD F°R 'A^VTY

For RAILROAD WORK,
CONTRACTORS,
BRIDGE AND DOCK
BUILDING,
EXCAVATING, Etc.

_ "THE RAPID UNLOADER"

^^ FOR BALLASTING AND OTHER RAILROAD WORK.

LIDGERWOOD MFG. CO.

BOSTON, PHILA., CHICAGO. 96 LIBERTY ST., NEW YORK.

THE EQUIPMENT OF THIS RAILWAY

Includes things both strange and familiar to the eye of most American railway
men; for instance : yon do not see this style of rolling stock on this side of the
Atlantic, but you recognize that Page Fence anywhere you find it, and know
that a good thing is appreciated abroad as well as. at home. Page Fence is
acknowledged the Standard the world over.

PACE WOVEN WIRE FENCE CO., Adrian, Michigan.

RAND AIR COMPRESSORS

STEAM AND BELT DRIVEN.

FOR USE IN

MODERN RAILROAD

AND

MACHINE SHOPS.

ALL SIZES AND FOR ALL PURPOSES.

COMPRESSORS WITH COMPOUND
STEAM AND AIR CYLINDERS.

SMALL BELT SHIFTING COMPRESSOR.

"LITTLE GIANT" AND "SLUGGER"

ROCK DRILLS. 1

WORKED BY STEAM OR COMPRESSED AIR.
DRILL MOUNTINGS, PUMPS, BOILERS.

SEND FOR ILLUSTRATED
CATALOGS-

1328 MONADNOCK BLOCK, CHICAGO, ILL,

CRAND DRILL co

100 BROADWAY, NEW YORK, N, Y.

THE MONITOR INJECTOR

FOR LOCOMOTIVES.

"Nathan" Sight-Feed Lubricators

For Locomotive Cylinders and Air Brakes.

STEAM FIRE EXTINGUISHERS

For Switching and Yard Engines.

BOILER TESTERS AND BOILER WASHERS,

Rod and Guide Oil Cups, etc.
NATHAN MANUFACTURING CO.,

92 & 94 LIBERTY ST., NEW YORK.

180 OLD COLONY BUILDING, CHICAGO.

Send for Descriptive Catalogue.

MANUFACTURERS OP

FINE CABINET WOOD WORK FOR ELECTRIC RAILROADS,
ELECTRICAL SUPPLIES AND NOVELTIES,
STREET RAILWAY SUPPLIES,

ELECTRIC LIGHT AND STREET RAILWAY PLANTS INSTALLED.

TELEPHONE EXCHANGES BUILT AND EQUIPPED.

LOW PRICES AND PROMPT SHIPMENT.

CLARK ELECTRIC SPECIALTY MFG. CO,

503 FIRST AVENUE SOUTH, - - MINNEAPOLIS, MINN,

Long Distance Telephone, No. 1855 Broad.

BARROLL & AZOV

II BROADWAY, NEW YORK.

LOIAL HAIA

HAS NO SUPERIOR FOR

RAILROADS, STEAMSHIPS,
ROLLING MILLS,
FACTORIES and

ELECTRIC LIGHT PLANTS.

CAPACITY, 5,000 TONS PER DAY.

Tide Water Deliveries from Philadelphia, Baltimore, South Amboy and

New York Harbor.

AH Rail Deliveries direct from mines to all Inland Points.

Also CONNELLSVILLE COKE, Standard Quality.

CAPACITY, 600 TONS PER DAY.

POOR'S BUREAU

-OF-

Information and Investigation,

Conducted in connection with and as an adjunct to

Poor's Manual of Railroads.

ANNUAL SUBSCRIPTION, $100.

JOHN P. MEANY, Manager,

44 Broad Street) New York, N. Y,

fl>

I Westinghouse I

! AIR BRAKE COMPANY I

M \\

A y|/

jjj is now prepared to fill orders at an |

hour's notice for one or one thousand \\
sets of AIR BRAKES FOR FREIGHT

/ N W

jj CARS, having at their new works an $

\\ annual capacity for turning out air \\

\\ brakes for . . . . . . . j|

to ' -

to j *

250,000 Freight Cars

0 o

6,000 Passenger Cars

10,000 Locomotives

I j>

?l? * ?

| Besides repairs for the 613,000
| FREIGHT and PASSENGER CARS

1 and 31,500 LOCOMOTIVES

to * *

* already equipped by ....

I THE WESTINGHOUSE 1
j AIR BRAKE COMPANY j j

PITTSBURG, PA., U. S. A.

Westinghouse

Electric

Main Aisle

of the

Westinghouse Electric Works

where we build the

Standard Railway Generators and Motors |
Everything Electric

8*

%/%/ £iczTii~i nrn^tii cz^^ t

o st»

Cbe (Ue$tingbou$e machine Company

% $

^ .* ^ MANUFACTURERS j* * j*

, £burcb, rr $ Company I

| iv^uu&uwux, KsUMivu, mn « Y/wiipany

* $

/ft e^* «5" »5* P-|N)CT| l\| HH-"N tJ" «^w «£• w

<ft Vp

A PECULIARLY EFFICIENT COMBINATION OF

* MANUFACTURING FACILITIES
and ENGINEERING EXPERIENCE

I BUILDING

$ WESTINGHOUSE STEAM ENGINES

WESTINGHOUSE GAS ENGINES

MECHANICAL STOKERS
$ ICE MAKING MACHINERY

8 REFRIGERATING MACHINERY

Of the high grade of excellence that the WESTINGHOUSE
TRADE-MARK always implies

| DESIGNING AND INSTALLING

$ POWER PLANTS

ELECTRIC PLANTS

BOILER PLANTS

f\ REFRIGERATING PLANTS $

$ ICE MAKING PLANTS

STEAM LOOPS

$ MECHANICAL DRAFT

$ ECONOMIZERS

J Complete, under ONE CONTRACT and ONE

$ RESPONSIBILITY

WORKS AT

PITTSBURG and CHICAGO

I

- - - OFFICES - - -

£ NEW YORK, 26 Cortlandt Street BOSTON, 53 State Street W

* CHICAGO, 171 La Salle Street PITTSBURC, Westinghouse Building \(/

DETROIT. Union Trust Building Jj

MaMMMMMM*MMMMe66«ee€«ee€€€€e«

10

Westinghouse.

tfl

i
£

/ft
/ft
/ft
/ft

1

| The INCANDESCENT ofthe

I Standard LAMP World.

I »

CONCERNING QUALITY

$
/ft
<» <?

| " WE CAN ASSERT WITHOUT RESERVATION j>

"THAT THEY ARE THE BEST LAMPS

<» ' >

"THAT ARE MADE''

f !!

Electrical Engineering Co. ! |

Minneapolis

<
| ^b^A^asiT'^^rJlL Minn.

$

I All

M

Modern

1 T ^^yffiL^..^^p' *

8 Improvements

a

I

| Sawyer = Man Electric Co. ii

ALLEGHENY, PA.

1 J20 BROADWAY, N. Y. All Leading Supply Houses i !

<ft

11

CHAS. A. STARBUCK, President.
JOHN C. THOMPSON, Sec'y-Treas.

THE NEW YORK

AIR BRAKE CO.

Thousands of New York Air Brakes are in
constant daily use on locomotives and cars
that run all over this country. The num-
ber is rapidly increasing. Prominent rail-
roads use and recommend them. It is because

THEY DO THE WORK

INTERCHANGE PERFECTLY

COST LESS THAN OTHERS

66 BROADWAY, NEW YORK.

FISHER BUILDING, INMAN BUILDING,

CHICAGO. ATLANTA.

WALKER COMPANY

ELECTRIC MACHINERY

Makers of
the Highest
Class
Electric
Railway
Apparatus
for all
Varieties of
Service

WALKER DIRECT CURRENT GENERATORS

THE SUN NEVER SETS ON WALKER APPARATUS

WALKER " L " MOTOR

Street Railway Motors
Elevated Railway Motors

Generators for Alternating or
Direct Current Systems

The Celebrated Type "S"
Controllers, Etc., Etc.

CLEVELAND, OHIO NEW HAVEN, CONN.

General Sales Office: 20 BROAD ST., NEW YORK

Agencies in all Principal Cities.

13

Manufacturers of the

Standard
Electrical Apparatus

of the World.

Is prepared to fully equip, without delay, electric
power stations of any capacity, for regular or
special electric railway service, of any character.
The experience and valuable data accumu-
lated by this Company during the entire period
of electric railroading, in the equipment of over
70 per cent, of all the electric railroads in the
world, enable it to advise intelligently regarding
the profitable and economical installation and
operation of railroad plants. Address

GENERAL ELECTRIC COMPANY.

PRINCIPAL OFFICES: Schenectady, N. Y.

SALES OFFICES :

BOSTON, MASS. ATLANTA, GA. ST. LOUIS, MO.

NEW YORK, N. Y. NEW ORLEANS, LA. DALLAS, TEXAS.

SYRACUSE, N. Y. CINCINNATI. OHIO. HELENA, MONT.

BUFFALO, N. Y. COLUMBUS, OHIO. MINNEAPOLIS, MINN.

PHILADELPHIA, PA. NASHVILLE, TENN. DENVER, COL.

BALTIMORE, MD. CHICAGO, ILL. SAN FRANCISCO, CAL.

PITTSBURG, PA. DETROIT, MICH. PORTLAND, ORE.

For all business outside the United States and Canada : Foreign Department, Schenectady,
N. Y., and 44 Broad Street, New York.

For Canada, address Canadian General Electric Company, Ltd., Toronto, Ont.

14

TELEPHONE 1 OO3 BROAD.

EUGENE LENTILHON,

CONTRACTING ENGINEER,

I I BROADWAY, NEW YORK.

HARBOR IMPROVEMENTS,
PIERS, SHEDS,

PLANS AND SPECIFICATIONS,
STEEL TIMBER AND

MASONRY CONSTRUCTION.

GARY T. HUTCHINSON,

CONSULTING ELECTRICAL ENGINEER,

ROOMS 1514-15, EMPIRE BUILDING,

71 BROADWAY, NEW YORK CITY.

TELEPHONE 4416 CORTLANDT.

Investigations of Electrical Properties ;

Reports on Cost of Construction and Operation ;
Examinations of New Electrical Processes ;
Electric Power Transmission,

Lighting and Railway Plans and Specifications, etc,

15

REPRESENTED BY

WILLIAM F. ROSS & CO., 52 Broadway, New York.
HERBERT N, SMITH, 38 Congress Street, Boston.

Build, Operate and Reorganize Water, Gas, and
Electric Plants. Special facilities for inspection of
such properties.

Conservatively issued Bonds of such properties
dealt in.

THE GUARANTY DEVELOPMENT CO.,

256 BROADWAY, NEW YORK,

CONSULTING ENGINEERS!

ALBERT LADD COLBY, THOMAS B. STILLMAN, FRANK E. IDELL,

EDWARD R. KNOWLES, HOWELL T. FISHER. E. J. SCHMITZ.

ACCOUNTANT AND AUDITOR: COUNSEL:

WILLIAM WADDELL. KELLOGG, ROSE & SMITH.

THIS COMPANY WILL ENGAGE to examine into industrials and other properties, and will also
.engage to obtain a fair money consideration for them, if found to have a sound financial value.

THIS COMPANY CAN OBTAIN for owners of PATENTED Inventions a fair value, providing
they are WORTHY of INVESTMENT.

THIS COMPANY CAN PROTECT individuals from investing their money in patented inventions
and properties which have neither a practical nor sound financial value.

THIS COMPANY IS IN A POSITION to frequently RECOMMEND FOR INVESTMENT indus-
trials, properties and patented inventions of a money earning value.

Investments are not recommended by this Company unless they have received a
thorough Investigation by our experts and found to contain valuable worth.

16
HENRY T. BRAGG C.P.A. JOHN C. MARIN, C.P.A.

BRAGG & MARIN,

CERTIFIED PUBLIC ACCOUNTANTS,

253 BROADWAY, - - NEW YORK.

Experts in Organ/zing, Auditing or Simplifying the Books
and Accounts of Corporations.

REFERENCES:

J. EDWARD SIMMONS, President Fourth National Bank, New York.
E. M. GALLOWAY, President Merchants' National Bank, New York.
DAVIES, STONE & AUERBACH, Att'ys and Counsellors at Law, New York.
CHAS. R. FLINT, of Flint & Co., Merchants, New York.
UNITED STATES RUBBER CO., New York,

AND OTHERS OF A LIKE HIGH CHARACTER.

BENJAMIN RICHARDS,

REAL ESTATE AGENT AND BROKER,

No. 59 LIBERTY STREET,
NEW YORK.

MONEY TO LOAN ON BOND AND MORTGAGE.
APPRAISALS MADE.

17

HENRY W. POOR. JOHN GREENOUOH.

BANKERS,

18 WALL STREET, NEW YORK.

Orders Executed for all Securities Dealt in at
the New York Stock Exchanger

RAILWAY INVESTMENT

A Specialty.

CHOICE SECURITIES ALWAYS ON BAND.

We are in correspondence with nearly every Railroad

Company in the Country through our

connection with

"Poop's MANUAL OF RAILROADS,"

Which gives us special advantages for information for
the benefit of our customers.

Correspondence Invited. Interest allowed on Deposits, subject to Check at sight

18 WALL STREET, NEW YORK.

\O\V READY.

PRICE SO CEA TS.

MONEY QUESTION

A HANDBOOK FOR THE TIMES

By HENRY V. POOR,

y la its L»ws," •• ResoqXKM a»d the SOver
"Twe«t>-tVo Years of ProtectkM." -Poor"* Maaml off the
«f the LMtod States." etc., etc.

Pp. \i-202. 8\~o. Paper. Price 50 cents.

_ . . 1 T -.

_ - - ' . '. -1

TABLE OF COIiTElfTS.

in the Hatter of

:: -..V V- uc
of h

Gold

of 1373.

I ^-»- ^^aooetiiathOD 01

of &e VUhd Sta*es. Act of USQ.

of Ac BB>K aad &e IflAataon of PoaftiaQ of *fcf

^ • ^.i^^.

etiatiaa of the SOvcr Dollar. Act

ATS of 1&34 aad 1537.
of tihe Saver Comacy. Act of *r}ae F?1DC

j from fl^Ahndao- I m „,„!;„„
by uie Oowerameat of Owsa^fat of
UK Gaoeacy. The Remedy.

5OTBS AJfD ILLUSTRATIOItS.

Paper Hoory in France — The Hflaaappi Srhftnr.

of tiK Democracy.

Sc - :

PRICE $V GENTS.

to any address, oa receipt of price.

u Wished and for sale by

H. V. & H. W. POOR,

44 Broad Street, New York City,

Or, mav be ordered Ihma^fc may bookseBer.

19

A HISTORY OF BANKING

OF ALL NATIONS.

"1H

ITALT,

A FEW PRESS OPIIIOIS.

" As a contribaty/n toward the efocida-
M*on of the currency and banking question,
the work before as seem* to be of mestim-
able Tajue. » « . Toe votk has mvuiwd
an tout mat tt amount of labor and large

xpense, and it stand
nutted as the most complete ami
history of banking that
"—The

"This muuiimfirtal work • bj far the
ost eoaptete pabtteatton of the kind erer
MS been such a flood of
ay of them Ailed with giar.
fa*- maeevneieft. that it mm. pieawre to yiek
up a work so replete with real merit.'"

JOCK.SAI- or COJOUBCE AXD Coxxnrui,
Bex-urns M unique, if not unparaUefed. fa

may add. therefore, our opinion thai -.his
Add wfll not need to be explored aeain in a
rery long time, except for the purpose of
working over the wealth of — -tnial d*.

- It is one of the rreatent
takings of the time, and the effect of its
publication should be to r«»ai«. j f« ffc»

of moo. y
of the various
. It to a peori-
iariy timely pubticatioo,*"

LIBRARY EDITION, ROYAL OCTAVO.

HiiJuaily hM^ m half Mor«cc«.
Price of the

PU BUSH ED BT

THE JOURNAL OF COMMERCE
AND COMMERCIAL BULLETIN,

17 & 19 Beaver Street, New York.

tf^VjjHl

pun,

a^^llT^D.

MARINE AND INLAND
INSURANCE.

Atlantic ^Untaal Insurance (tampan^

OFFICE, 51 WALL STREET,

New York.

ORGANIZED IN 1842.

INSURES AGAINST MARINE AND INLAND TRANSPORTATION

RISKS AND WILL ISSUE POLICIES MAKING

LOSS PAYABLE IN ENGLAND.

Assets over Ten Million Dollars for the securitv of its Policies,

The profits of the Company revert to the assured and
are divided annually upon the premiums terminated during
the year, thereby reducing the cost of insurance.

For such dividends, certificates are issued bearing
interest until ordered to be redeemed, in accordance with
the Charter.

J. H. CHAPMAN, Secretary.

A. A. RAVEN, President.
F. A. PARSONS, Vice-Pres't.
CORNELIUS ELDERT, 3d Vice-Pres't.
THEO. P. JOHNSON, 3d Vice-Pres't.

21

PHENIX •"•

COMPANY.

OF BROOKLYN, N. Y.

NEW YORK OFFICE,
47 CEDAR ST.

FRANKLIN-LEE

142 Broadway, cor. Liberty St., New York.

1SO7.

A.IVO PRINTERS OF

BONDS AND CERTIFICATES OF STOCK,

IN ACCORDANCE WITH THE REQUIREMENTS OF THE
NEW YORK STOCK EXCHANGE.

ALSO,

BANK NOTES, BILLS OF EXCHANGE, DRAFTS, CHECKS,

NOTES, PROPRIETORY STAMPS, LABELS, TAGS,

BILL AND LETTER HEADS,

DIPLOMAS AND CERTIFICATES OF MEMBERSHIP,

Insurance Policies, Calendars, and Commercial
Work of all kinds.

LITHOGRAPHIC BONDS, CERTIFICATES OF STOCK, CHECKS,

DRAFTS, BILLS OF EXCHANGE AND LETTER HEADS

EXECUTED IN A SUPERIOR MANNER.

RAILWAY TICKETS

IN ALL, VARIETIES.
WORK EXECUTED IN FIREPROOF PREMISES.

THE LARGEST INSURANCE COMPANY
IN THE WORLD.

Insurance Company of New York.

RICHARD A. McCURDY, President.

Assets, December 31,
Liabilities,

Surplus, -

1897,

Paid to Policy-holders since organization, -

Income in 1897,

Increase of Income in 1897, -

Increase of Surplus,

Decrease of Expenses -

and

$253,786.437 66
218,278,243 07

$35,5<>8,I94 59
$462,997,250 71

$54,162,608 23
4,459,912 96
5,774,679 89

146,178 31

USTO'W

Money and its Laws:^c

Embracing a History of Monetary Theories
and a History of the Currencies of the United
States.

V
V.

Published by H. V. & H. W. POOR,
44 Broad St., New York.

i vol., royal 8vo, cloth, pp. xl., 623. PRICE, $5.00.

Sent, free of postage, upon receipt of price, by the publishers, and for sate by alt booksettert.

Of the excellence and completeness of the work the publishers present the following1
testimonial :

" The undersigned, having carefully examined the work recently published by Mr. HENRY V. POOR upon
the subject of MONEY, hereby express their conviction that he has anfolded its NATURE and LAWS with an
amplitude and clearness which have all the force of demonstration. His assumption of treating money as a
subject coming within the range of the exact sciences has been well sustained. The application of the prin-
ciples laid down in the first part of his work cannot fail to restore order in the place of the chaos of opinion
which now prevails, and to point out. unmistakably, the conditions necessary to a restoration of the cuirency
of the country to the standard of coin. We commend the work to the public as an able, scholarly, painstak-
ing, and exhaustive treatise upon a subject In which is involved, more than in any other now engaging their
attention, tlie welfare of the people of the United States."

GEORGE S. OOE, President American Exchange National Bank, New York.
J. D. VERMILYE, President Merchants' National Bank. New York.
JOHN CUMMINGS, President Shawmut National Bank. Boston, Mass.
JAMES H. BEAL. President Second National Bank, Boston, Mass.
WINSLOW, LANIER A CO., Bankers, New York.
JAMES A. DUPEE, Treasurer Hamilton & Appletou Mfg. Co., Boston, Mass.

24

J. & W. SELIGMAN & CO.,
Bankers,

Mills Building, 21 Broad Street, New York.

ISSUE

LETTERS OF CREDIT FOR TRAVELERS,

Payable in any part of Europe, Asia, Africa, Australia and America.

DRAW BILLS OF EXCHANGE ON AND MAKE TELEGRAPHIC TRANSFERS
OF MONEY TO EUROPE AND CALIFORNIA.

SELIGMAN BROTHERS, London.
SELIGMAN FRERES & CIE., Paris.
SELIGMAN & STETTHEIMER, Frankfurt.
ANGLO-CALIFORNIAN BANK, Limited, San Francisco, Cal.

BUY AND SELL INVESTMENT SECURITIES.

SIMON BORG & CO.,

BANKERS,

IN~o- 2O

NEW YORK

INVESTMENT SECURITIES.

CIRCULAR UPON APPLICATION.

MORTON, BLISS & CO,

BANKERS,

Cor, Liberty and Nassau Streets, New York,

ISSUE CIRCULAR NOTES AND LETTERS OF CREDIT

FOR TRAVELERS,
ON MORTON, CHAPLIN & CO., LONDON,

AVAILABLE IN ALL PARTS OF THE WORLD.

MAKE TELEGRAPHIC TRANSFERS OF MONEY

AND DRAW EXCHANGE ON THE PRINCIPAL CITIES OF EUROPE.

JAMES WHITELY. THOH. H. BOLMER. H. CRUGEK OAKLEY. MAYNARD C. EYRE.

EXCHANGE COURT BUILDING, No, 52 BROADWAY,

NEW YORK.

No, 15 CENTER STREET, NEW HAVEN, CONN,

All Classes of RAILWAY STOCKS, also Grain,

Provisions, Petroleum, and Cotton,

Bought and Sold on Commission.

SPECIAL ATTENTION GIVEN TO INVESTMENTS.

26

JOHN L. WILLIAMS. RO. LANCASTER WILLIAMS.

JNO. SKELTON WILLIAMS. LANGBOURNE M. WILLIAMS.

JOHN L. WILLIAMS & SONS,

BANKERS,

AND DEALERS IN

SOUTHERN INVESTMENTS

CORNER 10th AND MAJN STREETS,

RICHMOND, VA.

CABLE ADDRESS: - - - WILLIAMSON, RICHMOND.

Transact a General Banking Business. Negotiate Railroad and Municipal Loans.

Draw Bills of Exchange and furnish Letters of Credit on all parts of the world.

We are prepared to purchase outright entire new issues of STATE, MUNICIPAL and RAILROAD
BONDS, or to Negotiate the same on Commission. We invite correspondence, and cheerfully furnish
information on any subject relating to Southern Investments, of which we make a specialty.

BANKERS,

DEALERS IN HIGH GRADE

Railroad and City Bonds,

and Guaranteed Stocks,

18 WALL STREET, NEW YORK.

FRANK E. WING, HENRY A. GLASSFORD,

EDWARD N. GIBBS, Special.

KNICKERBOCKER TRUST CO.,

SAFE DEPOSIT VAULTS,

234 FIFTH AVENUE, CORNER 27th STREET,

and 66 BROADWAY, NEW YORK.

C. W. BRANCH & CO.

(Members Chicago Board of Trade),

BANKERS AND BROKERS,

State Bank Building, RICHMOND, VIRGINIA,

WE MAKE A SPECIALTY OF SOUTHERN SECURITIES.

Private Wires: Washington, Baltimore, Philadelphia, New York, Boston, and Chicago.

WILLIAM R. WEEKS

COUNSELLOR AT LAW.

Bowling Green Offices, II Broadway, Rooms 860-1, New York City.
Prudential Building, 763 Broad Street, Rooms 728-9, Newark, N. J.

TELEPHONES.— New York Office, No. 1227 Broad. New Jersey Office, No. 321 Newark. Residence,

Iso. 2692 Newark, N. J.

CABLE ADDRESSES.—" Weeks," Newark, N. J. " Weekslaw, Newyork."
SPECIALTIES.— Corporations organized under laws of tiny of the States. Wills. Probate law. Estates

cared for. Twenty-six years' experience in examining: real estate titles in New York and New

Jersey. Mining titles. Mining laws.
HOURS FOR APPOINTMENTS.-New York, 11 to 3 o'clock. Newark, 8.30 to 9.30 A.M.; 4.30 to 5.30 P.M.

Saturday morning only. Newark. Efficient clerks at both offices during business hours.
Large room In New York for meeting of Director*.

EDWIN F. COREY. GEORGE H. COREY.

EDWIN F. COREY,

NOTARIES PUBLIC,

AND

COMMISSIONERS OF DEEDS FOR ALL THE STATES AND TERRITORIES,
No. 56 WALL STREET, NEW YORK.

F, ECERTON WEBB. JOHN H. PRALL,

MEMBER N. Y. STOCK EXCHANGE.

WEBB & PRALL,

BANKERS AND BROKERS,

37 and 39 Wall Street, Neu) York,

32 East 420 Street,

LINCOLN BANK BUILDING,

Opposite Grand Central Depot.

PRIVATE WIRE.

29

30

JOHN H. DAVIS & CO.,

BANKERS,

No. 10 Wall Street,

(Astor Building,) NEW YORK.

MEMBERS OF

New York and Philadelphia Stock Exchanges,

STOCKS AND BONDS BOUGHT AND SOLD ON
COMMISSION AT ALL EXCHANGES.

Dealers in

Suitable for Estates and Trust Funds.

Intelligent Assistance Given in the Selection of Safe and Profitable

31

R. T. WILSON & CO.,

** Bankers*^-

33 WALL STREET, - NEW YORK.

TRANSACT A GENERAL RANKING HUSINESS.

Receive Accounts of Corporations and Individuals on
Liberal Terms.

NEGOTIATE STATE, MUNICIPAL AND RAILROAD

SECURITIES.

CORNELIUS C. CUTLER, -\

BENJAMIN GRAHAM. / General MORRIS K. JESUP,) Special

JUNIUS SPENCER MORGAN, V /£%££ JOHN PATON, / Partners.

FRANCIS J. PATON. I r Kra'

ARTHUR C. VAUGHAN, ; ..

CUTLER, MORGAN & CO.,

SUCCESSORS TO JOHN PATON & co.,
No. 44 PINE ST., - - NEW YORK.

Accounts and Agency of Banks, Corporations, Firms, and
Individuals received upon Favorable Terms.

DIVIDENDS AND INTEREST COLLECTED AND REMITTED.

Act as Agents for Corporations In Paying Coupons and Dividends ; also

as Transfer Agents.

Bonds, stocks, and Securities Bought and Sold on Commission at the Stock Exchange or elsewhere,

STERLING EXCHANGE AND CABLE TRANSFERS BOUGHT AND SOLD.

Draw on the Union Bank of London ; British Linen Co. Bank,

London and Scotland ; Ulster Bank, Limited, Belfast, Ireland,

and Branches.

THE AUDIT COMPANY

OF NEW YORK,

Equitable Building, J20 Broadway*

Examines and Reports upon the Accounts and Financial Condition of

Corporations, Copartnerships, and Individuals, and Examines

and Reports upon the Physical Condition of Railroad,

Manufacturing, and other Properties.

ITS SERVICES ARE OF VALUE TO INVESTORS,
FINANCIAL INSTITUTIONS, BORROWERS OF MONEY,
DIRECTORS OF CORPORATIONS, MERCHANTS,
FIRMS, AND PURCHASERS OF PROPERTIES.

OFFICERS:

AUGUST BELMONT, Acting President.
WILLIAM A. NASH, Vice* President.
THOMAS L. GREENE, Manager.

STEPHEN LITTLE, Chief Consulting Auditor.

WILLIAM BARCLAY PARSONS, Consulting Engineer.
HENRY B. SEAMAN, Chief of Corps of Engineers.
EDWARD T. PERINE, Secretary and Treasurer.

DIRECTORS :

August Belmont, A. J. Cassatt,

Frederic P. Olcott, Marcellus Hartley,

James Stillman, Charlu* R. Flint,

William A. Nash, George Coppell,

Joseph S. Auerbach, Q. B. M. Harvey,

George G. Haven, John I. Waterbury.

George W. Young,

ADVISORY COMMITTEE

OF STOCKHOLDERS :

W. Bayard Cutting, T. Jefferson Coolidge, Jr.,

Walter G. Oakman, Robert Maclay,

A. D. JuiUiard, Charles S. Fairchild,

Henry W. Poor, Gustav E. Kissel,

Louis Fitzgerald, Isaac N. Seligman.

33

J. Wm. Middendorf. Wm. B. Oliver.

MIDDENDORF, OLIVER & CO.,

BANKERS AND BROKERS,

(KEYSER BUILDING)

No. 213 E. GERMAN STREET, BALTIMORE, MD.

P.O.Box 1102.

MEMBERS BALTIMORE STOCK EXCHANGE.

INVESTMENT SECURITIES.

34

MERCANTILE

TRUST AND DEPOSIT CO

OF BALTIMORE.

Paid-Up Capital - - - $2,000,000.00

Surplus and Undivided Profits - - 2,800,000.00

AUTHORIZED TO ACT AS EXECUTOR, ADMINISTRATOR, GUAR-
DIAN, RECEIVER, OR TRUSTEE, AND IS A LEGAL
DEPOSITORY FOR MONEY.

Interest allowed on daily balances, subject to check. Special rates for
deposits made for definite periods.

Special attention given to the Management of* Real Estate
and to the Collection and Remittance of Rent.

Acts as Trustee or Mortgages of Corporations, and ac-
cepts the Transfer Agency and Registry of Stocks.

Ample provision afforded for the safe keeping of Securities, on which we
Collect and Remit income, if desired. Safe Deposit Boxes for rent ; Vaults
supplied for Storage of Silver Chests, etc.

OFFICERS :

JOHN GILL OF R. . President

W. W. SPENCE Vice-President

O. R. SPENOE Second Vice-President

A. H. S. POST Third Vice-President

JOHN McHENRY Treasurer

L. C. FISCHER Secretary

CHAS. E. McLANE . . Assistant Secretary and Treasurer

EXECUTIVE COMMITTEE :

LOUIS McLANE, Chairman
BERNARD CAHN, JNO. A. HAMBLETON,

ALEXANDER SHAW, WM. H. WHITRIDGE.

DIRECTORS :

W. W. Spence, Lawrason Riggs, Alexander Frank,

C. Morton Stewart, Charles W. Slagle, Alexander Shaw,

E. Austin Jenkins, Louis McLane, Charles F. Mayer,

Christian Devries, John A. Hambleton, John W. Garrett,

Wm. H. Whitridge, Bernard Cahn, Wm. T. Dixon,

John E. Hurst, Charles D. Fisher, Frederick M. Colston,

William H. Blackford, Thomas Deford, Wilton Snowden,

R. O. Hoffman, Stewart Brown, John Gill.

35

IAETIAID TRUST CO.,

Corner South and German Sts.,

BALTIMORE.

CAPITAL,
SURPLUS,

$1,000,000.00
500,000.00

LEGAL DEPOSITORY FOR COURT AND TRUST FUNDS.

Acts as Financial Agent for States, Cities, Towns, Railroads and other
Corporations.

Transacts a general trust business.

Lends money on approved security.

Allows interest on special deposits.

Acts as Trustee under Mortgages, Assignments and Deeds of Trust; as
Agent for the Transfer or Registration of Stocks and Bonds, and for the pay-
ment of coupons, interest and dividends.

J. WILLCOX BROWN, President.

LLOYD L. JACKSON, First Vice-President.

HENRY J. BOWDOIN, Second Vice-President.

J. BERNARD SCOTT, Secretary and Treasurer.

J. WILLCOX BROWN,
WM. A. MARBURG,
BASIL B. GORDON,
LLOYD L. JACKSON,
GEO. A. VON LINGEN,
H. J. BOWDOIN,
JOSHUA LEVERING,
FRANK BROWN,

DIRECTORS:

W. B. BROOKS, JR.,
W. H. BALDWIN,
FKED'K W. WOOD,
F. M. THIER1OT,
LEOPOLD STROUSE,
HENRY WALTERS,
H. A. PARR,
B. N. BAKER,

ANDREW D. JONES,
JAMES BOND,
ALEXANDER BROWN,
JOHN A. TOMPKINS,
CLAYTON C. HALL,
J. D. BAKER,
JOSEPH E. WILLARD,
JOHN B. GARRETT.

36

THE METROPOLITAN TRUST CO.

OF THE CITY OF NEW YORK.

Capital, $1,000,000, Surplus, $1,000,000,

Nos. 37 and 39 WALL ST.

Designated by order of the Supreme Court as a legal depository. Will receive deposits
of money on interest, act as fiscal or transfer agent, or trustee for corporations, and accept
and execute any legal trusts from persons or corporations on as favorable terms as other
similar companies.

BRAT TON IVES, President.

FREDERICK D. TAPPEN, Vice- President.

CHARLES M. JESUP, 2d Vice- President.

BEVERLY CHEW, Secretary.

RA YMOND J. CHA TR Y, Ass't Secretary.

COUNSEL: PARSONS, SHEPARD & OGDEN.

MORRIS K. JESUP, BRA YTON IVES, J. HOWARD KING,

DUDLEY OLCOTT, JOHN T. TERRY, HENRY B. PLANT,

GEORGE A. HARDIN, D. O. MILLS, JOHN W. ELLIS,

BRADLEY MARTIN, FREDERICK D. TAPPEN, WILLIAM L. BULL,

W. H. TILLINGHAST, C. P. HUNTINGTON, SAMUEL THOMAS,

GEO. HENRY WARREN, RICHARD MORTIMER, HAMILTON SMITH,

ROSWELL P. FLOWER, ROBERT HOE, JOHN E. PARSONS,

EDWARD B. JUDSON, HEBER R. BISHOP, HALEY FISKE.

MOFFAT & WHITE,

BANKERS,

V

Dealers in

INVESTMENT SECURITIES,

1 NASSAU STREET,

Corner Wall Street, NEW YORK.

George Barclay Moffat, Alexander M. White, Jr.,

Member N. Y. Stock Exchange

37

MISSOURI, KANSAS &

TEXAS TRUST CO.

INCORPORATED UNDER THE LAWS OF STATE OF MISSOURI.

CAPITAL (FULL PAID), • - • $1,250,000.00

SORPLOS AND UNDIVIDED PROFITS, SEPT. 30, 1 897, 1 ,336,737.08

EASTERN OFFICES:

NEW YORK CITY, No. I Nassau Street, corner Wall.
PHILADELPHIA, PA., 400 Chestnut St. BOSTON, MASS., 194 Washington St.

FOREIGN OFFICES:

LONDON, E. C.. ENGLAND, 31 Lombard Street.

AMSTERDAM, HOLLAND, Singel 238. HAMBURG, GERMANY, Sandthorquai 2.

BERLIN, GERMANY, Dorotheen Str., 54. PARIS, FRANCE, 15 Rue duLouvre.

HAVRE, FRANCE.

A <.I:M:IC \ i. TRUST BUSINESS.

COLLECTS WESTERN MORTGAGES.

TAKES CHARGE OF PROPERTIES, collecting rente, paying taxes,
etc., for Eastern Investors.

ACTS AS TRUSTEE, TRANSFER AGENT AND REGISTRAR of
Stocks and Bonds for Railroads or other Corporations.

ACTS AS EXECUTOR, ADMINISTRATOR, GUARDIAN OR
TRUSTEE of Estates.

OFFICERS:

A. E. STILWELL, President. F. B. WILCOX, Assistant Treasurer.

J. McD. TRIMBLE, \ ARTHUR C. ROBINSON, Secretary.

E. L. MARTIN, f „. Ppesiaent8 J. J. CAIRNES, J

J. T. NOLTHENIUS, I Y ""• E. S. MOSHER, V Assistant Secretaries.

J. J. CAIRNES, N. NORTON, j

W. >. TAYLOR, Treasurer. TRIMBLE & BRALEY, General Attorneys.

DIRECTORS FOR 1898:
A. E. STILWELL, Kansas City, Mo. E. P. MERWIN, New York City.

E. L. MARTIN,

J. McD. TRIMBLE,
J. T. NOLTHENIUS,

F. A. FAXON,

< . E. GRANNISS,
ROBT. GILLHAM,
C1. A. BRALEY,

A. HECKSCHER,

J. E. McKEIGHAN, St. Louis, Mo.
H. A. LLOYD, " "

CHARLES CLARK, " ««

B. F. HOBART, " '«

E. W. MARSH, Bridgeport, Conn, j v<

E. HENRY' BARNES, New Haven, Conn.

AVM. s. TAYLOR. Philadelphia, Pa. T. ATTWATER BARNES,

I>r. H. M. HOWE, " «' F. A. GILBERT, Boston, Mass.

WM. 1). BLACK,

38

THE FIRST NATIONAL BANK

OF MILWAUKEE.

Capital, $1,000,000. Surplus, $250,000.

DIRECTORS.

H. H. CAMP, H. C. PAYNE, C. F. PFISTER,

B. K. MILLER, F. T. GOLL, F. VOGEL, JR.,

F. G. BIGELOW, WM. BIGELOW, E. MARINER.

F. G. BIGELOW, President. F. J. KIPP, Cashier.

WM. BIGELOW, Vice-President. T. E. CAMP, Asst. Cashier.

F. E. KRUEGER, 3d Asst. Cashier.

Union Bank of LONDON.

ft A i> i> L' w i> M v ik L' v T h! ) American Exchange National, Merchants' National, Chemical National,

First National, National Park, NKW YORK.
First National, CHICAGO.

F. H, FRINGE & CO.,

BANKERS AND BROKERS,

CORNER STATE AND DEVONSHIRE STREETS,

BOSTON, MASS.

MEMBERS OF NEW YORK AND

BOSTON STOCK EXCHANGES.

39

185 Dearborn Street, Chicago.

CAPITAL, PAID UP, - $500,000 I SURPLUS,

$125,000

AUTHOBIZED BY LAW TO RECEIVE and execute trusts of every
character from courts, corporations, and individuals. Takes entire charge of
estates, real and personal. Acts as agent for the registration and transfer of
bonds and stocks and the payment of coupons, interest, and dividends. A
legal depository for court and trust funds.

INTEREST ALLOWED ON DEPOSITS of money which may be made
at any time and withdrawn after five days' notice, or at a fixed date.

TRUST FUNDS AND TRUST INVESTMENTS are kept separate and
apart from the assets of the Company.

AZEL F. HATCH,
J. R. WALSH,
SAMUEL D. WARD,

J. R. WALSH, President.

DIRECTORS.

GEORGE T. SMITH,
CHAS. H. HULBURD,

LYMAN A. WALTON, Sec'y-Treas.

GEO. P. JENNINGS,
MAURICE ROSENFELD,
OTTO YOUNG.

OFFICERS.

CHAS. H. HULBURD, Vice-President.

C. D. ORGAN, Cashier.

rtS$

\>V" 234 Fifth Avenue,

Cor. 27th Street.

BRANCH OFFICE, 66 BROADWAY.
Capital,

$1,OOO,OOO.

DESIGNATED LEGAL DEPOSITORY.

IIITCDCCT allowed on time deposits. Deposits received subject to CHECKS ON DEMAND,
IN I klf Cw I which pass through the Clearing House like those upon any city bank.

Safe Deposit Boxes to Rent in Fire and Burglar Proof Vault.

Acts as Executor, Administrator, Guardian, Receiver, Registrar, Transfer

and Financial Agent, and accepts other Trusts in conformity

with the Law of any State, or of the United States.

SEPARATE DEPARTMENT WITH SPECIAL FACILITIES FOR LADIES.

BUSINESS AND PERSONAL ACCOUNTS SOLICITED.

ROBERT MACLAY, President.

CHARLES T. BARNEY, Vice-President. JOSEPH T. BROWN, Second Vice-President.

Directors:

JOSEPH S. AtriBBAOH. CHAS. R. FLINT. Hon. E. V. Lorr.

HARRY B. HOLLINS. HBNBY W. T. MALI. HENBY F. DmooK.

JACOB HAYS. ANDBBW H. SANDS. JOHN P. TOWNSEND.

CHARLES T. BARNEY. JAMES H. BBESLIN. CHABLES F. WATSON.

A. FOSTER HIGGINS. I. TOWNSBND BCBDEN. FBEDEBICK G. BOTTBNK.

ROBEBT MACLAY.
C. LAWRENCE PERKINS.
ALFRED L. WHITE.
AMZI L. BARBER.
CHAS. T. COOK.

Fred'k L. Eldridge, Sec'y & TreJ^AIf^

. HENBY A. MOBGAN. HENRY <"!. BEBLIN.

. Maclay, Ags't Treas. J. Henry Townsend, Aes't Sec'y.

40

THE CHIC AGO NATIONAL BANK

Dearborn & Monroe Streets, CHICAGO.

CAPITAL, $500,OOO. SURPLUS, $5OO,OOO.

DIRECTORS: WILLIAM BEST, MAURICE ROSENFELD,
F. M. BLOUIMT, ANDREW McNALLY, J. R. WALSH, C. K. G. BILLINGS,
JOHN M. SMYTH.

We solicit accounts of Banks and Bankers, and invite cor-
respondence or a personal interview with a view to business
relations.

J. R. WALSH, President. F. M. BLOUNT, Cashier.

T. M. JACKSON, Asst. Cashier.

POOR & GREENOUGfl,

Bankers

18 WALL STREET, - NEW YORK.

INVESTMENTS IN RAILROAD BONDS A SPECIALTY.

Orders Executed on the New York and London Stock Exchanges.
CORRESPONDENCE INVITED.

41

FRANCIS

RALSTON

WELSH,

MUNICIPAL, RAILROAD, STREET RAILWAY AND OTHER

BONDS.

CAREFULLY SELECTED INVESTMENTS

For Corporations, Trustees and Individuals.

328 CHESTNUT STREET, PHILADELPHIA.

HOLLISTER & BABCOCK,

BANKERS AND BROKERS,

17 AND 19 BROAD STREET,
NEW YORK.

•

MEMBERS OF THE NEW YORK STOCK EXCHANGE
AND DEALERS IN

INVESTMENT SECURITIES.

NORTON & TUNSTALL

Bankers and Brokers
33 WALL STREET, NEW YORK

MEMBERS OF

NEW YORK STOCK EXCHANGE

NEW YORE COTTON EXCHANGE

STOCKS, BONDS, GRAIN AND COTTON
INVESTMENT AND MISCELLANEOUS SECURITIES

CORRESPONDENCE INVITED

43

Government AND
flunicipal Bonds

BOUGHT AND SOLD.

ALSO FIRST MORTGAGE BONDS OF ES-
TABLISHED STEAM AND STREET RAILWAYS.

APPRAISEMENTS MADE OR QUOTA-
TIONS FURNISHED FOR THE PURCHASE,
SALE, OR EXCHANGE OF ABOVE SECURI-
TIES.

LISTS ON APPLICATION.

N. W. HARRIS & CO.,

BANKERS,

NEW YORK. CHICAGO. BOSTON.

31 NASSAU STREET, NEW YORK.

CABLE ADDRESS — SABA.

44

GUARANTY TRUST Co

OF NEW YORK,

NASSAU, CORNER CEDAR STREET,

MUTUAL LIFE BUILDING.

LONDON BRANCH, 33 LOMBARD ST.

Capital, $2,OOO,OOO

Surplus, ------ $2,5OO,OOO

Acts as Trustee for Corporations, Firms and Individuals; aa

Guardian, Executor and Administrator. Takes entire

charge of Real and Personal Estates.

Interest Allowed on Deposits subject to check or on certificai

Drafts on all parts of Great Britain, France and Germany bought
and sold. Collections made. Travellers' Letters of Credit
available in all parts of the world, and Commercial Letters of
Credit issued.

WALTER G, OAKMAN, President,

ADRIAN ISELIN, Jr., Vice-Pres, HENRY A, MURRAY, Treas, and Sec,
GEO, R,TURNBULL,2d Vice-Pres, J, NELSON BORLAND, Asst.Treas, and Sec,
JOHN GAULT, Manager Foreign Department,

DIRECTORS:

Samuel D. Babcock. Charles R. Henderson.

George F. Baker. Adrian Iselin, Jr.

George S. Bowdoin. Augustus D. Juilliard.

August Belmont. James N. Jarvie.

Frederic Cromwell. Richard A. McCurdy.

Walter R. Gillette. Alexander E. Orr.

Robert Goelet. Walter G. Oakman.

G. G. Haven. Henry H. Rogers.

Oliver Harriman. H. McK. Twombly.

R. Somers Hayes. Frederick W. Vanderbilt.

Harry Payne Whitney.

45

THE STATE TRUST CO.

100 Broadway, New York.

CAPITAL,

SURPLUS AND UNDIVIDED PROFITS,

$1,000,000
800,000

Acts as Executor and Trustee under Wills; Administrator, Guardian or
Committee of Estates; Trustee under the Mortgages or Trust Deeds of Corpo-
rations, or under other lawful trusts created by Corporations or Individuals:
Registrar or Agent for the Transfer of the Stock and Bonds of Corporations; and
Agent for the care and management of Real or Personal property for Residents
<jr Non-Residents. Designated by the Supreme Court as a depository for
Court funds, and by the Superintendent of Banks as a depository for the
reserve of Savings and other State Banks. Receives money on deposit subject
to cheque or on certificate. Allows interest on deposits.

OFFICERS.

FRANCIS S. BANGS, President.

WM. A. NASH, Vice-President.

MAURICE S. DECKER, Secretary.
H. M. FRANCIS, Treasurer.

H. B. BERRY, Trust Officer.

WILLIS S. PAINE,
HENRY H. COOK,
WALTER S.JOHNSTON,
JOSEPH N. HALLOCK,
EDWIN A. McALPIN,
ANDREW MILLS,
WILLIAM A. NASH,
GEO. FOSTER PEABODY,

TRUSTEES.

J. D. PROBST,
HENRY STEERS,
GEO. W. QUINTARD,
FORREST H. PARKER,
CHARLES SCRIBNER,
CHARLES L. TIFFANY,
GEORGE W. WHITE,
PERCIVAL KNAUTH,

FRANCIS S. BANGS,
FRANCIS LYNDE STETSON,
THOMAS A. McINTYRE,
EDWARD E. POOR,
ANSON G. McCOOK,
R. A. C. SMITH,
THOMAS F. RYAN.

46
EDWARD E. POOR, President.

STUYVESANT FISH, Vice-President.

RICHARD DELAFIELD, Vice-President.
GEORGE S. HICKOK, Cashier.

EDWARD J. BALDWIN, Assistant Cashier.

THE

NATIONAL PARK BANK

OF NEW YORK.

CAPITAL, - -
SURPLUS, - -

- $2,OOO,OOO.

- 3,000,000,

EXTENSIVE SAFETY VAULTS FOR THE CONVENIENCE OF

DEPOSITORS AND INVESTORS. ENTRANCE

ONLY THROUGH THE BANK.

DIRECTORS:

JOSEPH T. MOORE, EDWARD C. HOYT, FRANCIS R.APPLETON,

STUYVESANT FISH, EDWARD E. POOR, JOHN JACOB ASTOR,

GEORGE S. HART, W. ROCKHILL POTTS, GEORGE S. HICKOK,

CHARLES STERNBACH, AUGUST BELMONT, GEO. FRED'K VIETOR,

CHARLES SCRIBNER, RICHARD DELAFIELD, HERMANN OELRICHS.

OF NEW YORK,

Nos. 45 and 47 Wall Street.

Capital and Surplus,

$11,800,000.

This Company is a legal depository for moneys paid into
Court, and is authorized to act as guardian, trustee, executor
or administrator.

INTEREST ALLOWED ON DEPOSITS,

which may be made at any time and withdrawn after five days
notice, and will be entitled to interest for the whole time they
may remain with the Company.

Executors, Administrators, or Trustees of Estates, Religious
and Benevolent Institutions, and individuals will find this
Company a convenient depository for money.

JOHN A. STEWART, President. D. WILLIS JAMES, Tice-Pretidtnt.

JAMES S. CLAEK, Second Vice- President .
HENRY L. THORNELL, Secretary. LOUIS G. HAMPTON, Assistant Secretary.

SAMUEL SLOAN,
D. WILLIS JAMES,
JOHN A. STEWART,
JOHN HARSEN RHOADES,
ANSON PHELPS STOKES,
JOHN CROSBY BROWN,
EDWARD COOPER,
W. BAYARD CUTTING,

TRUSTEES:

CHARLES S. SMITH,
WM. ROCKEFELLER,
ALEXANDER E. ORR,
WILLIAM H. MACY, JR.,
WM. D. SLOANE,
GUSTAV H. SCHWAB,
FRANK LYMAN,
GEORGE F. VIETOR,

WM. WALDORF ASTOR,
JAMES STILLMAN,
JOHN CLAFLLN,
JOHN J. PHELPS,
DANIEL LORD,
JOHN S. KENNEDY,
D O. MILLS,
LEWIS CASS LED YARD.

CENTRAL TRUST CO.

OF NEW YORK,

<OVo. 54 WALL STREET.

Capital,

Surplus,

$1,000,000.
$7,122,480.91

Allows interest on deposits, returnable on demand, or at
specified dates.

Is a legal depository for money paid into Court. Is authorized
to act as Executor, Administrator, Guardian, or in any other
position of trust.

Also as Registrar or Transfer Agent of Stocks and Bonds,
and as Trustee for Railroad and other Mortgages.

F. P. OLCOTT, President.

GEO. SHERMAN, Vice-President.

E. F. HYDE, 2d Vice-President. i
B. G. MITCHELL, Secretary.
GEO. BERTINE, Asst. Secretary.

F. L. GRANT, Asst. Secretary.

EXECUTIVE COMMITTEE.

THE PRESIDENT.

SAMUEL D. BABCOCK, ADRIAN ISELIN, JR.

CHARLES LANIER, A. D. JUILLIARD,

JNO. S. KENNEDY, SAMUEL THORNE,

CORNELIUS N. BLISS, JAS. N. JARVIE.

BOARD OF TRUSTEES.

Class of 1899.

WM. ALLEN BUTLER,

WM. H. APPLETON,

GEO. MACCULLOCH MILLER,

CORNELIUS N. BLISS,

OLIVER HARRIMAN,

A. A. LOW,

JAS. N. JARVIE.

Class of 7900.

SAM'L D. BABCOCK,
JOHN S. KENNEDY,
SAMUEL THORNE,
ADRIAN ISELIN, JR.
E. F. HYDE,
GEORGE BERTINE,
J. KENNEDY TOD.

Class of 1901

CHAS. LANIER,
WM. H. WEBB,
F. P. OLCOTT,
HENRY TALMADGE,
GEORGE SHERMAN,
A. D. JUILLIARD,
OLIVER H. PAYNE.

49

JOO BROADWAY, NEW YORK.
95 GRESHAM STREET, LONDON.

CAPITAL PAID UP, = $1,000,000

SURPLUS, = 200,000

Transacts a general trust business.

Allows liberal rates of interest on deposits and trust funds.

Issues Letters of Credit and Travelers' Circular Notes payable in dollars
or in the money of any foreign country.

Acts as Trustee under mortgages for railway and other companies, and
as Agent for the Registration of the stock, and for the transfer of the shares of
incorporated companies.

Undertakes the examination of properties offered as security for bond
issues, and the obtaining of expert information concerning the actual facts and
prospects of reorganization proposals.

Qualified and empowered to act as executor, administrator, trustee,
guardian, and assignee, and as receiver and custodian of funds under orders of
Court.

OFFICERS:

W. L. TRENHOLM, President.

SAMUEL M. JARVIS, )_,.__ F. C. PREST, Assistant Secretary.

ROLAND R. CONKLIN, \ ' S. R. HARBERT, London Secretary.

S. L. CONKLIN, Secretary. E. J. CHAPPELL, London Treasurer.

JAMES DUANE LIVINGSTON, Trust Officer.

DIRECTORS:

Hon. JOHN G. CARLISLE, Former Secretary of the Treasury of the U. S.

ROLAND R. CONKLIN, Vice-President of the North American Trust Company.
S. L. CONKLIN, Secretary of the North American Trust Company.

C. W. DRAKE, Treasurer of the Rio Grande Western Railway Company.
SAMUEL M. JARVIS, Vice-President of the North American Trust Company.

Hon. ADLAI E. STEVENSON, Ex-Vice-President of the United States.

WAGER SWAYNE, of Messrs. Swayne & Swayne, Counsellors-at-Law.

Hon. W. L. TRENHOLM, Former Comptroller of the Currency of the U. S.

50

The Farmers' Loan and Trust Company,

New York.

NOS. 16, 18, 2O & 22 WILLIAM STREET.

CAPITAL, $1,000,000.00
SURPLUS, 4,731,132.13

The Company is a legal depository for moneys paid into Court, and is
authorized to act as Executor, Administrator, Trustee, Guardian, Receiver,
and in all other Fiduciary capacities.

Acts as Trustee under Mortgages made by Railroad and other
Corporations, and as Registrar and Transfer Agent of Stocks and Bonds.

Receives deposits upon Certificate of Deposit, or subject to check if
accounts are inactive, and allows interest on daily balances.

R. G. ROLSTON, President. WM. H. LEUPP, 2d Vice-President.

EDWIN S. MARSTON, Vice-President. SAMUEL SLOAN, JR., Secretary.

SAMUEL SLOAN,

WILLIAM WALDORF ASTOR,

JAMES ROOSEVELT,

D. O. MILLS,

ROBERT F. BALLANTINE,

FRANKLIN D. LOCKE,

GEORGE F. BAKER,

WILLIAM ROWLAND.

JAMES STILLMAN,
EDWARD R. BELL,
HENRY A. C. TAYLOR,
C. H. THOMPSON,
JOHN P. TOWNSEND,
HENRY HENTZ,
ROBERT C. BOYD,
E. R. HOLDEN,
ROSEWELL G. ROLSTON.

MOSES TAYLOR PYNE,

S. S. PALMER,

EDWARD R. BACON,

H. VAN RENSSELAER KENNEDY,

CLEVELAND H. DODGE,

CHARLES A. PEABODY, JR.,

D. H. KING, JR.,

HUGH D. AUCHINCLOSS.

51

MANHATTAN
TRUST COMPANY

WALL STREET, Cor. NASSAU,
NEW YORK.

Capital and Surplus, $1,5OO,OOO.

The Manhattan Trust Company is a Legal Depository for
Court and Trust Funds and General Deposits. Interest is paid
on balances subject to cheque at sight through the New York
aring House, and higher rates allowed upon deposits payable
specified dates or subject to notice.

The Company is authorized to act as Administrator, Ex-
tor, Guardian, and Receiver; as Fiscal Agent for the pay-
it of Bonds, Coupons, Dividends, etc., of States, Municipalities,
llroads, and other Corporations ; as Trustee under Mortgages
Deeds of Trust securing Issues of Bonds, and as Registrar
I Transfer Agent of the Stocks and Bonds of Incorporated
Companies ; as Trustee of Estates and Individuals, and for the
transaction of all such business exceptional facilities are offered.

OFFICERS.

JOHN i. \\ \ I I ic ui i: \ . President. CHARLES II. sJIITII. Sec'y & Treas.

JOHN K i: \ \. ) W. NORTH J>UANE, A»*'t Secretary.

\ Mox i . FRENCH, j" \. Ill A V i;it ROBB, Ass't Treasurer.

DIRECTORS, 1898.

AUGUST BELMONT, New York. JOHN N. A. GBISWOLD, New York. GRANT B. SCHLEY, New York.

U. W. CANNON, New York. H. L. HIGGINSON, Boston. JAMES O. SHELDON, New York.

A. . I. CASS ATT, Philadelphia. JOHN KEAN, New Jersey. SAMUEL THOMAS, New York.

K. J. CROSS, New York. JOHN HOWARD LATHAM, New York. EDWARD TUCK, New York.

RUDULPH ELLIS, Philadelphia. JOHN G. MOORE, New York. JOHN I. WATERBURT, New York.

AMOS T. FRENCH, New York. B. D. RANDOLPH, New York. R. T. WILSON, New York.

JOHN L. CADWALADER, COUNSEL. STRONG & CADWALADER. ATTOKNEYS.

52

BROWN BROTHERS & CO

NEW YORK - - - 59 Wall St.
PHILADELPHIA - 2O9 Chestnut St.
BOSTON - 50 State St.

AND

ALEX. BROWN & SONS, Baltimore.

ALL CONNECTED BY PRIVATE WIRE.

Members of New York, Philadelphia, and Baltimore
Stock Exchanges. Execute orders for purchase and
sale of Stocks, Bonds, and all Investment Securities.

COMMERCIAL Letters of Credit.

TRAVELERS' Letters of Credit in Dollarsr
Pounds Sterling available in all parts of the We,
issued against Cash deposited or satisfactory g-
antee of repayment.

Applications for Letters of Credit may bel-
dressed to either of the above houses directr
through any first-class banker.

BILLS OF EXCHANGE BOUGHT AND SOLD.

COLLECTIONS DEPOSIT ACCOUNTS

MADE ON ALL - of American Banks, Bankers,

Firms, and Individuals re-
POINTS. . . ceived upon favorable terms.

BROWN, SHIPLEY & CO.,

Founder's Court, Lothbury, LONDON,

53

54

ADVANTAGE OF IMPROVED TOOLS FOR RAILROAD SHOPS.

" Your committee appointed at our last convention to enquire into and report on this subject
have found it a very difficult matter to get accurate and reliable figures as to the saving in dollars and
cents over the old methods by the introduction of improved tools in our railroad shops. We find,
however, that where a careful selection and proper application has been made of improved tools in
shops the saving in time over the old methods of getting out the same class of work is so great as to
set aside all doubt and beat down all prejudice heretofore existing in the minds of a few mechanical
men who are loth to depart from old and tried ways."

— Report of Special Committee, M. M. Association, Saratoga, June, 1898.

LATHES,

Boring Mills,
Bending Rolls,
Bolt Cutters

DRILLING
MACHINES,

TOOL GRINDING
MACHINES,

DRILL GRINDING
MACHINES,

PULLEYS,

CRANES,

Punching Machines, Planing Machines,
Shearing Machines,

ing Machines,

STEAM

HAMMERS,

Testing

Machines,

SHAFTING,
INJECTORS,

WHEEL
PRESSES,

Etc.,

Etc.,

Mechanical
Stokers,

Etc.,
Etc.,
Etc.

PATENT 50" CAR WHEEL BORING MILL.

POOR'S MANUAL FOR 1898.

GENERAL INDEX.

THE information presented in this number of the MANUAL is arranged in four sections —
the first (pp. 1 to 936) comprising the statements of all the Steam Railroads in the
United States and Canada and the cbief ones in Mexico ; the second (pp. 937 to 1132) com-
prising the statements of all the Street Railway and Traction Companies in the United States ;
the third (pp. 1133 to 1183) containing statements of the leading Industrial Corporations and
Organizations Auxiliary to the Railway Interests ; and the fourth (pp. 1185 to 1289) contain-
ing statements showing the Finances and Resources of the Uuited States, the several States,
and the chief Counties, Cities, and Towns in the country. Following is a complete

TABLE OF CONTENTS.

PAGES.

Statements of Steam Railroads in the United States 1 to 862

Dominion of Canada, Steam Railroads in 863 to 912

Mexico, Chief Railroads in 913 to 936

Street Railways, Department of 937 to 1132

Miscellaneous Corporations, Department of 1133 to 1183

United States, Finances and Resources of 1185 to 1188

State and Municipal Indebtedness, Departmentof 1189 to 1289

Dividends Paid by Steam Railroad Companies. -1890 to 1898 1290 to 1307

11 Street Railroad Companies.— 1890 to 1898 1306 to 1311

" " Industrial Corporations.— 1890 to 1898 1310 to 1315

Annual Meetings and Transfer Agencies, Steam Railroads 1316 to 1356

Street Railways 1356 to 1369

" " " " Industrial Corporations 1369 to 1374

Supplement, containing information received too late for insertion in its regular order 1375 to 1395

Directory of Railway Officials.— List of Officers of Operating Roads in the United States and

Canada and of the Chief Railroads in Mexico 1397 to 1458

List of Officials of Elevated Railroads Operated by Steam Power 1458

List of Officials of Belt, Terminal, Connecting, Transfer, Incline, and Gravity Railroads, Ferry

and Union Depot Companies Auxiliary to the Railroad Systems 1459

List of Officials of Incorporated and Unincorporated Railroads Operated chiefly in connection

with certain Coal and Ore Mining, Logging, or other Private Commercial Enterprises , . 1460

Railroads Merged in Other Lines. (See Lists following General Index.)

LIST OF MAPS.
(To be found between Introduction and page~l of Text.)

Group 1.— Maine, New Hampshire, and Vermont.

Group 2.— Massachusetts, Rhode Island, and Connec-
ticut.

Group 3.— New York and New Jersey.

Group 4.— Pennsylvania and Ohio.

Group 5.— Delaware, Maryland, Virginia, West Vir-
ginia, North Carolina, and South Carolina.

Group 6.— Georgia, Florida, and Alabama.

Group 7.— Louisiana, Mississippi, and Arkansas.

Group 8.— Kentucky and Tennessee.

Group 9.— Indiana and Illinois.

Group 10.— Michigan and Wisconsin.

Group 11.— Iowa and Missouri.

Group 12.— North Dakota, South Dakota, and Minne-
sota.

Group 13.— Nebraska, Kansas, Oklahoma, and Indian
Territory.

Group 14.— Texas.

Group 15.— Utah, Colorado, Arizona, and New Mexico.

Group 16.— Montana and Wyoming.

Group 17.— Washington, Oregon, and Idaho.

Group 18. — California and Nevada.

Group 19.— Canada (Eastern Section).

Group 20.— Canada (Western Section).

56

GENERAL INDEX.

THE names of the Eailroad Companies following are the present titles of the
companies whose statements are given in the MANUAL. Many of the railroads
comprise lines constructed under different names. A list is appended to this
General Index of former companies the titles of which have been changed,
or whose lines have been acquired by others, with the name of the company to
which reference is now to be made.

A PAGE

Abbeville Southern Ry. [Plant System.] 693

Abbotsford and Northeastern RR 126

Aberdeen and Asheboro Ry 160

Aberdeen and Rock Fish RR 160

Acker, Merrall & Condit Co 1133

Addison RR. [Rutland RR.] 24

Addison and Pennsylvania Ry 59, 1378

Addison and Susquehanna RR 1378

Addyston and Ohio River RR 126

Adirondack Ry. [D. & H. C. Co.] '. . 429

Adrian Street Ry 1008

Ahnapee and Western Ry 127

Akron & Chicago Junction RR. [B. & O.] 315
Akron and Cuyahoga Falls Rapid Trans.

Co -.. 1071

Akron, Bedford and Cleveland RR. . . . 1071

Akron, O., Debt of 1263

Akron Street Ry. and Illuminating Co. . 1071

Alabama and Tombigbee RR 852

Alabama and Vicksburg Ry. [Q. & C.]. . 704
Alabama Great Southern RR. [Q. & C.] 701
Alabama Great Southern Ry. Co., Lim-
ited [Q. & C.] 703

Alabama, New Orleans, Texas and Pacific

Junction Rys. Co., The (Ltd.) 1133

Alabama, Map of (See Table of Contents.)

Alabama Midland Ry. [Plant System]. . 693

Alabama Mineral RR. [L. & N.] 521

Alabama, State Debt of 1189

Alabama, Street Rys. in 937

Alameda and San Joaquin RR 265

Alameda, Oakland and Piedmont Elec-
tric RR. [R. S.] 942

Alamo Heights RR 1116

Albany and Northern Ry. 160

Albany and Susquehanna RR. [D. & H.

C. Co.] 427

Albany & Vermont RR. [D. & H. C. Co.] 429
Albany County, N. Y., Debt of 1250

Albany, N. Y., Debt of

Albany Ry., The (Albany, N. Y.)

Albany (Oregon) Street Ry

Alberta Ry. and Coal Co

Albert Southern Ry

Albia and Ceuterville Ry

Alexander and Rich Mountain RR

Alexandria, Va., Debt of

Algiers, Gouldsboro and Gretna Ry. . . .

Allegheny and South Side Ry

Allegheny County, Pa., Debt of

Allegheny, Pa., Debt of

Allegheny Traction Co. [Con. Tr. Co.]..
Allegheny Valley Ry. (Map) [P. RR.]. .

Allen County, Ind., Debt of

Allentown & Bethlehem Rapid Trans. Co.

[A. &L. V. Tr.]

Allentown & Lehigh Valley Traction Co.

Allentown, Pa., Debt of

Allentown Passenger Ry. [A. & L.V. Tr.]

Allentown RR. [Reading]

Allentown Terminal RR. [C. RR. of

N. J.] 352,

Alliance and Northern RR

Alliance Street Ry

Altamont and Manchester RR

Alton Ry. and Illuminating Co

Altoona and Logan Valley Elec. Ry. . . .
Altoona & Pliillipshurg Connecting RR.

Altoona, Pa., Debt of

American Bell Telephone Co

American Cotton Oil Co

American District Telegraph Co

American Grocery Co

American Soda Fountain Co

American Spirits Manufacturing Co. . .-.

American Straw Board Co

American Sugar Refining Co

American Telegraph and Cable Co

PAGE

1251

1081

1080

896

897

248

160

1282

980

60

1269

1269

1086

637

1203

1082
1082
1270
1082

722

722

127

1071

182

959

1082

(50

1270

1134

1135

11:50

lt;6

1136

1136

1136

11J7

1133

^P~ Reference should also be made to I ho table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1890, to June 30, 1898, pp. 1290 to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 146O.

KIDDER, PEABODY & Co.,

113 Devonshire Street, Boston, Mass.

INVESTMENT SECURITIES.

Foreign Exchange. Letters of Credit

58

BANK OF MONTREAL

(ESTABLISHED 1817.)
INCORPORATED BY ACT OF PARLIAMENT.

CAPITAL (all paid up)
KESEKVED FUND, -
UNDIVIDED PROFITS,

$12,000,000.00

6,000,000.00

896,850.04

HEAD OFFICE— MONTREAL.

BOARD OF DIRECTORS.

RT. HON. LORD STRATHCONA AND MOUNT ROYAL, G.C.M.G., President.

HON. G. A. DRUMMOND, Vice-President.

A. T. PATERSON, ESQ. HUGH MCLENNAN, ESQ. EDWARD B. GREENSHIELDS, ESQ.

W. C. MCDONALD, ESQ. R. B. ANGUS, ESQ. A. F. GAULT, ESQ.

W. W. OGILVIE, ESQ.

E. S. CLOUSTON, General Manager.

A. MACNIDER, Chief Inspector, and Superintendent of Branches.
A. B. BUCHANAN, Inspector of Branch Returns. W. S. CLOUSTON, Assistant Inspector.

JAMES AIRD, Secretary.

MONTREAL,

IN CANADA:

H. V. MEREDITH, Manager.

PROV. OF ONTARIO. PROV. OF ONTARIO.

ALMONTE,

BELLEVILLE,

BRANTPORD,

BROCK VILLE

CHATHAM,

CORNWALL,

DESERONTO,

FORT WILLIAM,

GODERICH,

GUELPH,

HAMILTON,

KINGSTON,

LINDSAY,

LONDON,

OTTAWA,

PERTH,

PETERBORO,

PICTON,

SARNIA,

STRATFORD,

ST. MARY'S,

TORONTO,

TORONTO.Yonge St.Br.

WALLACEBURG.

PROV. OF QUEBEC.

MONTREAL,

" West End Br.

" Seign'rs St. Br.
QUEBEC.

LOWER PROVINCES.

CHATHAM, N. B.
MONCTON,
ST. JOHN,
AMHERST, N. S.
HALIFAX, "

IN NEWFOUNDLAND:

Province cf Manitoba and
Northwest Territories.

WINNIPEG, Man.
CALGARY, Alberta.
LETHBRIDGE, Alta.
REGINA, Assiniboia.

Prov. of British Columbia.

NELSON,

NEW DENVER,

N. WESTMINSTER,

ROSSLAND,

VANCOUVER.

VERNON,

VICTORIA.

ST. JOHN'S, NFLD.

BANK OF MONTREAL.

IN GREAT BRITAIN:

LONDON, BANK OF MONTREAL, 22 Abchureh Lane, E.G., ALEXANDER LANG, Manager.

IN THE UNITED STATES:

NEW YORK, R. Y. HEBDEN and J. M. GREATA, Agents, 59 Wall Street.
CHICAGO, BANK OF MONTREAL, W. MUNRO, Manager.

BANKERS IN GREAT BRITAIN:

LONDON, THE BANK OF ENGLAND.

THE UNION BANK OF LONDON.
" THE LONDON AND WESTMINSTER BK.
" THE NAT. PROVINCIAL BANK OF ENG.

BANKERS IN THE

NEW YORK, THE NATIONAL CITY BANK.

" BANK OF NEW YORK, N. B. A.

BOSTON, THE MERCHANTS NATIONAL BK.

J. B. MOORS & Co.

LIVERPOOL, THE BANK OF LIVERPOOL, LTD.
SCOTLAND ' ^HE BRITISH LINEN COMPANY

UNITED STATES:

BUFFALO, THE MARINE BANK, BUFFALO.

SAN FRANCISCO, THE FIRST NATIONAL BANK.
" THE BANK OF BRIT. COLUMBIA.

THE ANGLO-CALIFORNIAN BK.

PORTLAND, OREGON, THE BANK OF BRITISH COLUMBIA.

GENERAL INDEX.

59

American Tobacco Co. , The 1137

American Type Founder's Co 1138

Ames and College Ry 349, 973

Amherst and Sunderland Ry 988

Amsterdam, Cbuctanunda & North 'n RR. 60

Amsterdam, N. Y., Debt of 1252

Amsterdam Street Ry 1032

Anacostia and Potomac River RR 954

Anderson Electric Street Ry 970

Annapolis, Wasb. and Baltimore RR.. . 60

Ann Arbor RR. (Map). 819

Anniston Electric Co 937

Anoka Street Ry 1012

Appleton Electric Light and Power Co. 1126

Aransas Harbor Terminal Ry . . . 213

Arcadia and Betsey River Ry 127

Arcata and Mad River RR 265

Arizona and New Mexico Ry 265

Arizona and Southeastern RR 265

Arizona, Map of (See Table of Contents.)

Arizona Territory, Debt of 1190

Arizona Territory, Street Rys. in 939

Arkansas and Choctaw Ry 213

Arkansas and Louisiana Ry. [M. P.]. . . . 560

Arkansas Central RR 852

Arkansas, Louisiana and Southern RR. . 1378

Arkansas, Map of (See Table of Contents.)

Arkansas Midland RR 213

Arkansas State, Debt of 1191

Arkansas Street Rys. in 939

Arkansas Southern RR 213

Arlington and Winchester Ry 988

Arlington Heights Motor Ry. Co. [W. "W.

P. Co.] 1125

Arlington, Mass. , Debt of 1215

Arlington RR. [Erie System] 449

Arnot and Pine Creek RR. [Erie] 449

Aroostook County, Me., Debt of 1211

Aroostook Northern RR. [B. & A.] 3

Aroostook River RR. [C. P.] 877

Asbury Park and Sea Girt RR. [A. C.

Elec.] 1024

Asheville Street Ry 1070

Asheville and Spartanburg RR. [S. Ry.] 798

Asheville, N. C., Debt of 1261

Ashland and Catlettsburg Street Ry 977

Ashland Coal and Ry 183

Ashland Light, Power and St. Ry 1126

Ashland, Locustdale and Centralia Elec.

Ry. [S. Tr. Co.] 1096

Ashland, Wis., Debt of 1286

Ashley River RR. [Plant System] 695

Ashtabula Rapid Transit Co 1071

Astoria and Columbia River RR 265

Astoria Street Ry 1080

Atchison, Colorado and Pacific RR 1378

Atchison, Jewell Co. and Western RR. . 1378

Atchison, Kansas, Debt of 1206

Atchison Ry. Light and Power Co 976

Atchison, Topeka and Santa Fe Ry.

(The) 275, 1378

Athens Electric Ry 957

Athol and Orange Street Ry 988

Atlanta and Charlotte Air Line Ry.

[S. Ry.] 797

Atlanta and West Point RR 142, 1456

Atlanta Consolidated Street Ry 956

Atlanta, Ga., Debt of 1199

Atlanta, Knoxville and Northern Ry. . . 160

Atlanta Ry 957

Atlanta Electric Ry . [A. Ry.J 957

Atlantic and Danville Ry 143, 1378

Atlantic and Lake Superior Ry 897

Atlantic and North Carolina RR 160

Atlantic and Northwest Ry. [C. P.] 876

Atlantic and St. Lawrence RR. [G. T.]. 890
Atlantic Ave. RR. Co. of Brooklyn, The.

[N. El. RR.] 1057

Atlantic City RR. [Reading] 724

Atlantic City Electric Ry 1023

Atlantic City, N. J., Debt of 1245

Atlantic Coast Line Co 283, 1378

Atlantic Coast Electric RR 1023

Atlantic Highlands, Red Bank and Long

Branch Electric Ry 1024

Atlantic, Suwannee Riv. and Gulf Ry. . 161

Atlantic, Valdosta, and Western Ry 852

Attleborough Branch RR. [N. Y., N. H.

& H.] 583

Auburn City Ry 1032

Auburn, Me., Debt of 1211

Auburn, N. Y., Debt of 1252

Augusta & Savannah RR. [C. of G. Ry.] 347

Augusta and Summerville RR 1459

Augusta, Ga., Debt of . 1199

Augusta Terminal Ry. [C. & W. C.] 297

Augusta, Hallo well and Gardiner RR. . 981

Augusta Ry . and Electric Co 957

Augusta Southern RR. [S. C. & G.]. 156, 1378

Aurora and Geneva Ry 959

Aurora Street Ry 959

Au Sable and Northwestern RR 852

Austin and North west'n RR. [S. P. Co.]. 785

Austin Rapid Transit Co 1117

Austin, Texas, Debt of 1279

Avon, Geneseo and Mt. Morris RR.[Erie] 452

60

GENERAL INDEX.

Babylon RR 1032

Bachman Valley RR. of Md 60

Baden and St. Louis RR. [Nat. Ry.] . . . 1018

Baker City St. Ry. and Motor Co 1080

Bald Eagle Valley RR. [P. RR.] 628

Ballston Terminal RR 1032

Baltimore and Annapolis Short Line RR. 60
Baltimore & Cumberland Vy.RR.[W.M.] 54
Baltimore and Cumberland Valley RR.

Extension [W. M.] 55

Baltimore & Cumberland Vy. Ry. [W.M.] 54

Baltimore and Delaware Bay RR 61

Baltimore and Harrisburg Eastern Ex-
tension Ry. [W. M.] 55

Baltimore and Harrisburg Western Ex-
tension Ry. [W. M.] 55

Baltimore and Harrisburg Ry. [W. M.]. 55

Baltimore and Lehigh Ry 61

Baltimore and New York Ry. [B. & 0.]. 315
Baltimore and Northern Electric Ry . . . . 985

Baltimore and Ohio RR. (Map) 297, 1378

Baltimore & Ohio & Chicago RR.[B. & 0.] 315
Baltimore and Ohio Southwestern Ry. . . 329
Baltimore and Ohio Southwestern Termi-
nal Co. [B. & O. S. W. RR.] 331

Baltimore and Philadelphia RR. [B.& 0.] 315
Baltimore and Potomac RR. [P. RR.]. . 649

Baltimore and Sparrow's Point RR 61

Baltimore Belt RR. [B. & 0.] 315, 1381

Baltimore, Chesapeake and Atlantic Ry.

(Map) 27, 1378

Baltimore City Passenger Ry 985, 1381

Baltimore Consolidated Ry 985

Baltimore, Md., Debt of 1212

Baltimore, Middle River and Sparrow's
Point Electric Ry. [B. C. Pass. Ry.]. 985

Bangor and Aroostook RR. (Map) 1, 1381

Bangor and Katahdin Iron Works Ry.

[B. &A.] 3

Bangor and Piscataquis RR. [B. & A.] . . 3

Bangor and Portland Ry 61

Bangor, Hampden and Winterport Ry. . 982

Bangor, Me., Debt of 1211

Bangor, Orono and Old Town Ry 982

Bangor Street Ry 982

Barberton Belt Line RR. 127

Barclay RR 61

PAGR

Bare Rock RR 62

Barnegat RR. [M. & L. B. T. Co.] 76, 628

Barnes Heights & Cornell Mountain Ry. 1080

Barney and Smith Car Co., The 1138

Barre Branch RR. [M. & W. R.] 22

Barre RR 19

Bath and Hainmondsport RR 62

Bath, Me., Debt of 1211

Bath Street Ry 982

Battle Creek and Sturgis RR. [M. C.]. . . 531
Bay City and Battle Creek RR. [M. C.]. 531

Bay Cities Consolidated Ry 1008

Bay City, Mich., Debt of 1233

Bay Head and Point Pleasant St. Ry 1024

Bay of Quinte Ry 898

Bayonne City, N. J., Debt of 124'5

Bay Ridge and Annapolis RR. [B. & 0.]. 318

Bay Terminal RR 145!)

Bear Lake and Eastern RR 852

Beatrice Electric Co 1021

Beatrice, Neb., Debt of 1240

Beattyville and Cumberland Gap RR. . . 183

Beaver and El wood [P. & L. E.] 47

Beaver Creek RR 161

Beaver Meadow, Tresckow and New Bos-
ton RR 62

Beaver Valley Traction Co 1083

Bedford and Bridgeport Ry. [P. RR.].. 628

Bedford Belt Ry 127

Beech Creek RR. [N. T. C. & H. R.] . . . 572
Belfast & Moosehead Lake RR. [M. C.]. 14

Belfast, Me., Debt of 1211

Bellaire, Bridgeport and Martin's Ferry

Street Ry 1072

Bellaire, Zanesville and Cincinnati Ry. . 127

Belle City Electric Ry 1126

Bellefonte Central RR 63

Belleville Electric Ry 959

Belleville Traction Co 1123

Bellingham Bay & British Columbia RR. 265

Belli ngham Bay and Eastern Ry 266

Bellingham Bay Electric Ry. [N. Ry. &

Imp.] 1123

Beloit City Street Ry 976

Belt Line Electric Co 977

Belt RR. and Stock Yard Co 128

Belt Ry. of Chattanooga [Q. & C.] 703

I

8^- Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 189O, to June 30, 1898, pp. 1890 to 1315,
to the table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

61

Belt Ry. Co. of Chicago, The 128, 1381

Belt Ry. [C. & Md. Ry.] 954, 987

Belvidere Delaware RR. [P. RR.] 629

Bennington and Hoosic Valley Ry 1032

Benningtou and Wood ford Electric RR. 1120

Bennington and Rutland Ry 4, 1381

Benson St. Ry 1021

Benton Power and Traction Co. (The) . . 1013

Bentonville Ry 214, 1382

Bergen and Dundee RR 449

Bergen County RR. [Erie] 449

Bergen County Traction Co 1024

Berkeley Springs and Pot. RR. [B. & O.] 318

Berkley St. Ry 1120

Berkshire RR. [N. Y., N. H. & H.] 583

Berlin and Waterloo St. Ry 1128

Berlin Branch RR 62

Berlin RR. [B. & 0.] 315

Bessemer and Southwestern RR 1459

Bethlehem and Allentown St. Ry. [A. &

L. V. Tr.] 1082

Bethlehem and So. Bethlehem St. Ry.

[A. & L. V. Tr.] 1082

Beverly and Danvers St. Ry. [N. Sh. Tr.] 1002

Beverly, Mass., Debt of 1215

Bexar County, Texas, Debt of 1278

Biddeford and Saco RR. . . 982

Big Level and Kinzua RR. [B. B. & K.J 63
Big Stone Gap and Powell's Vy. RR. . . 161

Big Stony Ry 161

Binghamton, N. Y., Debt of 1252

Binghamton RR 1033

Binghamton, Lestershire and Union Ry.

[B. RR.] 1033

Birmingham, Ala., Debt of 1190

Birmingham and Atlantic RR 183

Birmingham, Knoxville and Allentown

Traction Co. [P. & B. Tr.] 1094

Birmingham Mineral RR. [L. & N.] 521

Birmingham Ry. and Electric Co 937

Birmingham, Selma and New Orleans

Ry 183

Birmingham Traction Co 937

Black and Cache River RR 214

Black Hills and Fort Pierre RR 249

Black River Traction Co 1033

Bleecker St. and Fulton Ferry RR. [M.

St. Ry.] 1053

Bloomfield Street Ry. [Consol. Tr. Co.]. 1086

Bloomington City Ry. 959

Bloomsburg and Sullivan RR 63, 1382

Bloomsburg Belt RR. [Reading] 732

Blue Ridge RR 161

Blue Ridge and Atlantic RR 162

Bluff City RR 1014

Bodie Ry. and Lumber Co 1460

Boise Rapid Transit Co 959

Boone County and Booneville RR. [Wa-

bash] 812

Boone Electric St. Ry. and Light Co. . . 973

Boone Valley Coal and Ry 249

Booneville RR. Bridge Co. [M. K. & T.]. 538
Booneville, St. Louis and Southern Ry.

[M. P.] 555

Boston and Albany RR 4, 1382

Boston and Chelsea RR. [N. Sh. Tr.]. . . 1001

Boston and Lowell RR. [B. & M.] 336

Boston and Maine RR 332, 1382

Boston and New York Air Line RR. [N.

Y., N. H. & H.] 584

Boston and Providence RR, [N. Y., N.

H. & H.] 584

Boston and Revere Electric St. Ry. [N.

Sh. Tr.] 1002

Boston Elevated Ry 988

Boston, Mass. , Debt of 1215

Boston, Revere Beach and Lynn RR. ... 19

Boston Terminal Co. [B. & A.] 5, 587

Bowden Lithia Springs Short Line

RR 162

Bowling Green RR. [C. H. & D.] 409

Boyne City and South Eastern RR 853

Bozeman Street Ry 1020

Bradford and Western Pennsylvania RR. 63

Bradford, Bordell and Kinzua Ry 63

Bradford Electric Street Ry 1083

Bradford Ry. [W. N. Y. & P.] 58

Brainerd and Northern Minn. Ry 249

Braintree and Weymouth St. Ry 991

Braintree Street Ry 990

Branch ville and Bowman RR 162

Brantford Street Ry 1128

Brattleboro and Whitehall RR. [C. V.]. 354

Brattleboro Street RR 1120

Breckenridge Short Line Ry 853

Bridgeport, Conn., Debt of 1195

Bridgeport Traction Co 947

Bridgeton and Millville Traction Co 1025

Bridgewater, Whitman and Rockland St.

Ry 991

Bridgton and Saco River RR 19

Brigantine Transportation Co 1025

Brightwood Ry 954

Bristol and Plainville Tramway Co 947

Bristol Belt Line Ry 1115

Bristol County, Mass., Debt of 1214

62

GENERAL INDEX.

Bristol, Elizabethton and North Carolina

Ry 188

Bristol RR 19

British Columbia Electric Ry 1128

British Columbia Southern Ry. [Can.

Pac.] 870

Broadway and Seventh Avenue RR. [M. .

St. Ry.] 1053

Brockton, Mass. , Debt of 1221

Brockton and East Bridgewater St. Ry. 992
Brockton, Bridgewater and Taunton St.

Ry 991

Brockton Street Ry ' 991

Brock ville, Westport and Sault Ste.

Marie Ry 898

Brookline, Mass., Debt of 1221

Brooklyn and Brighton Beach RR 63

Brooklyn and Jamaica RR. [L. I.] 508

Brooklyn and Rockaway Beach RR. ... 64
Brooklyn Avenue Ry., Kansas City, Mo. 1015
Brooklyn, Bath and West End RR. [N.

El.] 1057

Brooklyn City and Newtown RR. [C. I.

&B.] 1042

Brooklyn City RR. (Map) [B. R. Tr. Co.] 1037

Brooklyn Elevated RR 1033

Brooklyn Heights RR. (Map) [B. R. Tr.

Co.] 1036

Brooklyn, Queens County and Suburban

RR. (Map) [B. R. Tr. Co.] 1038

Brooklyn Rapid Transit Co. (Map) 1034

Brooklyn Wharf and Warehouse Co 1138

Brookville RR 64

Brownstone and Middletown RR 64

Brownstown and Ewing Street Ry 970

Brownsville Avenue St. Ry. [P. & B. Tr.] 1094
Brunswick & Chillicothe RR. [Wabash] 812
Brunswick and Western RR. [Plant

System] 694

Brunswick Electric Ry 983

Brunswick Traction Co 1025

Bruton and Pineora Ry 162

Buchanan and St. Joseph RR 128

Buckingham RR. [C. & O.] 355

Bucksport and Elk River RR 266

Buffalo and Lake Huron Ry. [G. T.]. . . 890
Buffalo and Niagara Falls Electric Ry. . 1040

Buffalo and Susquehanna RR 29, 1382

Buffalo and Williamsville Electric Ry. . 1040

Buffalo, Attica and Arcade RR 64

Buffalo, Bellevue and Lancaster Ry. . . . 1039
Buffalo, Bradford and Pittsburgh RR.

[Erie] 450

Buffalo Creek RR 64

Buffalo Creek Transfer RR 65

Buffalo Erie Basin RR. [N. Y. C. & H. R.] 575
Buffalo, Garden ville and Ebenezer Ry. . 1040
Buffalo, Kenmore and Tonawanda Elec-
tric Ry 1040

Buffalo, N. Y., Debt of 1252

Buffalo, North Main Street and Tona-
wanda Ry 1040

Buffalo, Rochester and Pittsburgh Ry.

(Map) 30, 138'J

Buffalo, St.Mary's and Southwestern RR. 65

Buffalo Ry 1038

Burlington & Lamoille Val. RR. [C. V.] 354
Burlington and Mt. Holly Traction RR. . 1025
Burlington and Northwestern Ry. [C., B.

& Q.] 391

Burlington and Western RR. [C. , B. & Q.] 391
Burlington, Cedar Rapids and Northern

Ry. (Map) ?... 230

Burlington, la., Debt of 1205

Burlington, Vt., Debt of 1281

Burlington Ry. and Light Co 973

Burlington Route, Map of 381

Burlington Traction Co 1120

Burnside and Cumberland River Ry. . . . 183

Busk Tunnel Ry 1382

Bustleton RR. [P. RR.] 629

Butler County, Ohio, Debt of 1262

Butte Consolidated Ry 1020

Bu'tte, Mont., Debt of 1239

Cairo RR. [C. M.] 65

Cairo and Kanawha Valley RR 162

Cairo Electrc Ry 959

Calais Street Ry 983

Calcasieu, Vernon and Shreveport RR.

[K. C., P. & G.] 202

^~ Reference should also be made to the table of Dividend* paid by Rail-
road and other Corporations, Jan. 1, 1800, to June 3O, 1898, pp. 129O to 1313,
to the table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) oil pp. 1397 to 1460.

GENEKAL INDEX.

63

Caldwell By. [Erie}. 451

Caldwell and Northern RR 162

Calgary and Edmonton Ry. [C. P.] 878

California and Nevada RR 266

California Eastern Ry 266

California, Map of (See Table of Contents.)

California Pacific RR. [S. P. Co.] 771

California, State Debt of 1192

California Street Rys. in 939

California Street Cable RR 939

Calumet Electric Street Ry., The 959

Calumet River Ry. [P. Co.] 670

Cambria and Clearfield RR. [P. RR.]. . . 629

Cambria County RR. [N. Y. C. & H. R.] 573

Cambridge and Seaford RR. [P. RR.]. . 650

Cambridge. Mass., Debt of 1222

Camden and Burlington County RR. [P. -

RR.] 629

Camden and Suburban Ry 1025

Camden County RR. [Reading] 725

Camden, Gloucester and Woodbury Ry. 1026

Camden Horse RR. [C. & S. Ry.] 1025

Camden, N. J., Debt of 1245

Cammal and Black Forest Ry 65

Campbell Hall Connecting RR. [L. & N.

E.] 75

Canada Atlantic Ry 866

Canada Coals and Ry. Co., Limited. . . . 898

Canada Eastern Ry 898

Canada (Eastern Section), Map of Rail-
roads in (See Table of Contents.)

Canada (Western Section), Map of Rail-
roads in (See Table of Contents.)

Canada, Railroads in 863

Canada, Street Rys. in 1128

Canadian Government Railways 902

Canada Southern Bridge [M. C.] .. . . 532

Canada Southern Ry. [M. C.] 532

Canadian Pacific Ry 868, 1382

Canal and Claiborne RR 980

Canandaigua Electric Light and RR 1041

Canastota Northern RR. [L. V.] 503

Canton and Massillou Electric Ry 1072

Canton Co 1139

Canton, O., Debt of 1263

Cap de la Magdeleine Ry. [C. P.] 875

Cape Ann Granite 20

Cape Fear and Yadkin Valley Ry 821

Cape Girardeau, Bloomfield and South-
ern RR 853

Cape May, Delaware Bay and SewelPs

Point RR 1026

Capital Traction Co. (Washington, D. C.) 954

PAGE

Caraquet Ry ; , 899

Carbon County Electric Ry 1083

Carbon Cut-off Ry. [U. P.] 848

Carbondale Traction Ry 1083

Carillon and Grenville RR 899

Carolina and Cumberland Gap Ry. .162, 1383

Carolina and Northwestern RR 163

Carolina Central RR. [S. A. Line].. 740, 1383

Carolina Midland Ry 163

Carrabelle, Tallahassee and Georgia RR. 163

Carson and Colorado Ry 266

Carthage and Adirondack Ry. [N. Y. C.

&H.R.] 569

Carthage RR 163

Carthage, Watertown and Sackett's Har-
bor RR. [N. Y. C. & H. R.] 571

Cascades RR. [0. RR. & N. Co.] 259

Cashie and Chowan RR. and Lumber Co. 164
Cass Ave. & Fair Grounds RR. [N. Ry.] 1017

Cass County, Mo. , Debt of 1238

Cassville and Western Ry 214

Catasauqua and Fogelsville RR. [Read-
ing] 725

Catasauqua and Northern Street Ry. [A.

& L. V. Tr.] 1082

Catawissa RR. [Reading] 722, 1383

Catherine and Bain bridge Street Ry. of
the City of Philadelphia, Pa. [U. Tr.

Co.] 1104

Catonsville Short Line RR 1383

Catskill and Tannersville RR. [K. RR.]. 52

Catskill Mountain Ry 65

Cayadutta Electric RR 1041

Cayuga and Susquehanna RR. [D. L. &

W.] 434

Cayuga Lake Electric Ry. [I. St. Ry.]. . 1046

Cedar Rapids and Marion Ry 973

Cedar Rapids Route, Map of 231

Centennial Passenger Ry. [U. Tr. Co.]. . 1102
Central and South Amer. Telegraph Co. 1139

Central Arizona Ry 266

Centra] Avenue Ry. [R. S.] 942

Central Branch Union Pacific RR. [M. P.

&U. P.] 561, 1383

Central Car Trust Co., The 1140

Central Coal and Coke Co 1140

Central Counties Ry. [C. A.] 867

Central Crosstown RR. [M. St. Ry.].. . . 1054
Central Dock and Terminal Ry. [Read-
ing] 722

Centra] Falls, R. I., Debt of 1273

Central ia and Central City Ry 960

Centralia and Chester RR. . ... 128

64

GENERAL INDEX.

Central Massachusetts RR. [B. & M.] . . . 337

Central New York and Western RR 65

Central of Georgia Ry. (Map) 343

Central Ohio RR. [B. & O.] 316

Central Ontario Ry 899

Central Pacific RR. [S. P. Co.] 774, 1383

Central Park, North and East River RR.

[M. St. Ry.] 1053

Central Pennsylvania and Western RR. 66
Central Ry. and Electric Co., New Brit-
ain, Conn 947

Central Ry. [Bait. C. Pass. Ry.] 985

Central Ry. Peoria, 111 960

Central Ry. and Bridge Co 1140

Central Ry., Ltd. [Nova Scotia] 899

Central Ry. of New Brunswick 900

Central RR. of New Jersey 347

Central RR. of Pennsylvania 66

Central RR. of South Carolina [A. C.

Line] 286, 1400

Centra] Street Ry., Santa Rosa, Cal 940

Central Texas and Northwestern Ry. [S.

P. Co.] 785

Central Traction Co., Pittsburgh, Pa.

[Consol. Tr. Co.] 1085

Central Traction Co., Sioux City, la 973

Central Trunk RR. [L. S. & M. S. Ry.]. 488
Central Union Depot and Ry. Co. of Cin-
cinnati 1459

Central Vermont RR 352, 1383

Chambersburg and Gettysburg RR 853

Champlain Division [D. & H. Can.] 427

Charleston and Western Carolina Ry. [A.

C. Line] 296

Charleston and Savannah Ry. [Plant

System] 694

Charleston City Ry 1114

Charleston, Clendennin and Sutton RR. 164

Charleston, S. C., Debt of 1275

Charlotte Electric Ry. Light and Power

Co 1070

Charlottesville & Rapidan RR. [8. Ry.]. 797

Charlottesville City and Suburban Ry. . 1120

Chartiers Connecting RR. [P. Co.] 675

Chartiers Ry. [P. Co.] 675

Chateaugay RR . . 66

Chateaugay Ry. [C. RR.] 67

Chatham RR. [N. Y., N. H. & H.]

Chattahoochee Valley RR

Chattanooga and Durham RR

Chattanooga and Lookout Mountain

Ry 183,

Chattanooga Electric Ry

Chattanooga, Rome and Southern RR. . .

Chattanooga Southern RR

Chattanooga, Tenn., Debt of

Chelsea, Mass. , Debt of

Chelton Ave. Passenger Ry. [U. Tr. Co.]
Cheraw and Darlington RR. [A. C. Line]

Cherry Valley RR

Cherry Valley, Sharon and Albany RR.

[D. & H. C. Co.]

Chesapeake and Columbia Street Ry

Chesapeake and Nashville Ry.

Chesapeake and Ohio Grain Elevator Co.

[C. &0. RR.]

Chesapeake and Ohio Ry

Chesapeake and Western RR

Chester and Delaware River RR. [Read-
ing]

Chester and Derry RR. Association

Chester and Media Electric Pass. Ry

[C. Tr. Co 1 . .-

Chester Creek RR. [P. RR.]

Chester, Darby and Philadelphia Ry.

[C. Tr. Co.]

Chester, Pa., Debt of

Chester, Perryville, Ste. Genevieve and

Farmington RR

Chester RR. [D., L. & W.]

Chester Street Ry. [C. Tr. Co.]

Chester Traction Co

Chestnut Hill RR. [Reading]

Chicago and Alton RR • 360,

Chicago and Atchison Bridge Co

Chicago and Eastern Illinois RR. (Map).

363,

Chicago and Erie RR. [Eiie]

Chicago and Grand Trunk Ry. [G. T.]. .

Chicago and Illinois Southern RR

Chicago and Jefferson Urban Transit Co.

[W. C. St.]

Chicago and Kalamazoo Terminal RR . .
Chicago and Kenosha Ry. [C., L. S. & E.]

PAGE
585
164
164

1383

1115

164

184

1277

1222

1103

286

214

427
98'i
181

359
355
164

726
1022

1084
651

1084
1270

214

434
1084
1084

722
1383

214

449

891

128

970
129

94

^P~ Reference should also be made to the table of Dividends paid by Rail-
road and otber Corporations, Jan. 1, 1890, to June 30, 1898, pp. 139O to 1315,
to tbe table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Official* (corrected
to Aug. 8, 1898) on pp. 1 397 to 1460.

GENERAL INDEX.

65

Chicago and Milwaukee Electric Ry 960

Chicago and North Michigan RR. [C. &

W. M.] 825

Chicago and Northwestern Ry 367, 1375

Chicago and South Bend RR. . . 129

Chicago and Southeastern RR. [C., L. S.

&E.] 94

Chicago and Southeastern Ry. (Ind.) 129

Chicago and State Line RR. [L. S. &

M. S.] 493

Chicago and Texas RR. [I. C.] 479

Chicago and Western Indiana RR 90, 1383

Chicago and West Michigan Ry 822

Chicago, Burlington and Kansas City RR.

[C., B. &Q.] "..... 388

Chicago, Burlington and Northern RR.

[C., B. &Q.] 389

Chicago, Burlington and Quincy RR.

(Map) 379, 1383

Chicago City Ry 960

Chicago, Detroit & Canada Grand Trunk

Junction Ry. [G. T.] 892

Chicago Etectric Traction Co 961, 1383

Chicago Electric Transit Co. [W. C. St.] 970
Chicago, Fort Madison and Des Moines

Ry 249, 1384

Chicago General Ry 961

Chicago Great Western Ry 233, 1384

Chicago, Greenville and Southern Ry.

[J. &St. L.] 134

Chicago, 111., Debt of 1201

Chicago, Indiana and Eastern Ry 129

Chicago, Indianapolis and Louisville Ry.

(Map) 91, 1384

Chicago, Iowa and Dakota Ry 249

Chicago Junction Ry 853

Chicago Junction Rys. and Union Stock

Yard Co., The 1140

Chicago, Kalaumzoo and Saginaw Ry. . . 853
Chicago, Kansas and Western RR. [A.,

T. &S. F.] 275

Chicago, Lake Shore and Eastern Ry. . . 93
Chic., Milwaukee & St. Paul Ry. (Map). 391
Chicago North Shore St. Ry. [N. C. El.] 964
Chicago Outer Belt Line [E., J. & E.]

(Map) 107

Chicago Passenger Ry. [ W. C. St.] 969

Chicago, Peoria and St. Louis RR. of

HI-, The 94,1384

Chicago, Rock Island and Pacific Ry.

(Map) 400, 1384

Chicago, Rock Island and Texas Ry. [C.,

R. I. &P.] '. 405

5

Chicago, Santa Fe" and California Ry. [A. ,

T. &S. F.].. 275

Chicago, St. Paul, Minn., and Omaha

Ry. [C. & N. W.] 374

Chicago Terminal Transfer RR. (Map). . 95

Chicago Union Transfer Ry. Co 129

Chicago West Division Ry. [W. C. St.]. 969
Chicago, Wisconsin and Minnesota RR.

[W. C. Lines] 818

Chickaw.>-aha and Jackson RR 184

Chillicothe Electric RR. Light and Power

Co. (Chillicothe, 0.) 1072

Chillicothe Street RR. (Chillicothe, Mo.) 1015

Chihuahua and Pacific Ry 933

Chicopee, Mass., Debt of 1223

Chino Valley RR 1459

Chippewa River and Menomonie Ry. . . . 129

Chippewa Electric Ry 1126

Choctaw, Oklahoma and Gulf RR. . . 192, 1384
Christopher and Tenth Street RR. [M.

St. Ry.] 1055

Cicero and Proviso Street Ry. [W. C. St.] 969
Cincinnati and Dayton RR. [C. , H. & D.] 409
Cincinnati & Miami Valley Traction Co. 1072
Cincinnati and Muskingum Valley Ry.

[P. Co.] v 679, 1384

Cincinnati and Southern Ohio River Ry.

[C., C., C. & St. L.] 411

Cincinnati and Westwood RR. 129

Cincinnati Edison Electric Co 1161

Cincinnati, Georgetown and Portsmouth

RR 130

Cincinnati, Hamilton and Dayton Ry.

(Map) 406

Cincinnati, Hamilton and Indianapolis

RR.*[C.,H. &D.] 409

Cincinnati, Hamilton, Middletown and

Dayton Street Ry . 1072

Cincinnati, Lebanon and Northern Ry.

[P. Co.] 679

Cincinnati, New Orleans and Texas Pa-
cific Ry. [Q. & C.] 706, 1444

Cincinnati, Newport and Covington Ry. 977

Cincinnati Northern RR 853

Cincinnati Northwestern Ry 130

Cincinnati, O., Debt of 1264

Cincinnati, Portsmouth and Virginia RR. 97
Cincinnati, Richmond and Fort Wayne

RR. [P. Co.] 688

Gin., Saginaw & Mackinaw RR. [G. T.] 892
Cincinnati Street Connection Ry. [P. Co.] 677

Cincinnati Street Ry 1072

Cincinnati Southern Ry. [Q. & C.] 706

VERMILYE & CO

BANKERS,

DEALERS IN

GOVERNMENT BONDS

AND OTHER INVESTMENT SECURITIES.

MEMBERS OF THE NEW YORK AND BOSTON
STOCK EXCHANGES.

Deposits received and interest allowed on balances subject to
drafts at sight.

All securities listed at the New York, Boston, Philadelphia
and Baltimore Stock Exchanges, bought and sold on commission.

High-class Municipal and Railroad Bonds on hand for sale
and immediate delivery.

NASSAU AND PINE STREETS,

NEW YORK.

27 STATE STREET,
BOSTON, MASS,

GENERAL INDEX.

67

Citizens' Claarfield and Cambria St. Ry.

[U. Tr. Co.] 1101

Citizens' East End St. Ry. [U. Tr. Co.]. . 1101
Citizens' Electric Ry., Light and Power

Co., Mansfield, 0 1073

Citizens' Passenger Ry., Harrisburg, Pa.

[H. Tr. Co.] 1089

Citizens' Passenger Ry., Norristown, Pa.

[S. Vy. Tr.] 1097

Citizens' Passenger Ry., Philadelphia,

Pa. [U. Tr. Co.] 1101

Citizens' Passenger Ry., Pittsburgh, Pa.

[Consol. Tr. Co.] 1086

Citizens' Ry., Fort Scott, Kan 976

Citizens' Rapid Transit Co. (Chatta-
nooga, Tenn.) 1115

Citizens' Ry., St. Louis, Mo. [N. Ry.]. . 1018

Citizens' Ry., Waco, Tex 1117

Citizens' Street RR., Indianapolis, Ind.. 970
Citizens' Street Ry. , Fishkill-on-Hudson. 1041

Citizens' Street Ry., Helena, Ark 939

Citizens' Street Ry., Muncie, Ind 970

Citizens' Traction Co., Oshkosh, Wis. 1126
Citizens' Traction Co., Pittsburgh, Pa.

[Consol. Tr. Co.] 1086

Citizens' Traction Co. , San Diego, Cal . . 940
Citizens' Traction Co., Detroit, Mich. . . 1008
City and Suburban Ry., Portland, Ore.. 1080
City and Suburban RRM Savannah, Qa. 958
City and West Portland Park Motor RR. 1081
City Electric Ry. of La Salle and Peru,

111 961

City Electric Ry., Peoria, 111 961

City Electric Ry., Port Huron, Mich. . . 1009

City Electric Ry. , Rome, Qa 957

City Island RR. [P. P. RR.] 1061

City Park Ry., Tacoma, Wash 1123

City Park Transit Co. (Spokane, Wash.) 1 123
City Passenger Ry. of Altooua, Pa. [A.

&L.V.Tr.] 1083

City Ry., Dayton, 0 1073

City Ry., Fort Worth, Tex 1117

City Street Car Co., Staunton, Va 1121

City Street Ry., Fremont, Neb 1021

City Street Ry., San Bernardino, Cal. . . 940
City Street Ry., Sioux Falls, So. Dak. . 1114

Clarendon and Pittsford RR 20

Clarion River Ry 67

Clarksville & Princeton Division [L. & N.] 522
Clear-field and Mahoning Ry. [B.,R. & P.] 34
Clearfield Bituminous Coal Corporation. 1141
Cleveland & Chagrin Falls Electric RR. . 1074
Cleveland & Mahoning Valley Ry. [Erie] 452

Cleveland and Marietta Ry. [P. Co.]. . . 679
Cleveland & Pittsburgh RR. [P. C.]. 666, 1384
Cleveland, Akron & Columbus Ry. , The. 98

Cleveland Belt and Terminal RR 130

Cleveland, Berea, Elyria & Oberlin Ry. 1073
Cleveland, Canton & Southern RR. 100, 1384
Cleveland, Cincinnati, Chicago and St.

Louis Ry. (Map) 411

Cleveland City Ry 1073

Cleveland Electric Ry 1073

Cleveland, Lorain & Wheeling Ry. (Map) 102
Cleveland, Painesville and Eastern RR. 1074

Cleveland, O., Debt of 1265

Cleveland (Tenn.) Street Ry 1115

Cleveland Telephone Co. (Map) 1151

Cleveland Terminal and Valley RR.

[B.&O.] 319

Cleveland, Wooster and Muskingum

Valley RR. [B. & O.] 316

Clinton Street Ry 1015

Clove Branch RR. [N. D. & C.] 79, 1384

Coalville Pass. Ry. [W. & W. Vy. Tr.] 1112

Coast Ry. of Nova Scotia (Ltd.) 900

Cohoes City Ry 1041

College & Grand View Electric St. Ry. 1084

College Park Rapid Transit Co 1117

Colbert County, Ala., Debt of 1189

Colchester Ry. [N. Y., N. H. & H.]. ... 584

Colebrookdale RR. [Reading] 722

Colfax Electric Ry 944

Collins and Reidsville RR 165

Collins Park and Belt RR 958

Colonial City Traction Co. .- 1042

Colorado Coal and Iron Development Co. 1141

Colorado Eastern RR 214

Colorado Fuel and Iron Co., The 1142

Colorado, Map of (See Table of Contents.)

Colorado Midland RR., The 193

Colorado Northwestern Ry 214

Colorado Springs, Col., Debt of 1193

Colorado Springs Rapid Transit Ry 944

Colorado, State Debt of 1193

Colorado, Street Rys. in 944

Colorado Valley Ry 854

Col., Wyoming and Great North. Ry. .. 215

Columbia and Kootenay Ry. [C. P.] 875

Columbia and Maryland Ry 986

Columbia and Maysville RR. [H. RR.] . 182
Columbia and Palouse RR. [O. RR. &

N. Co.] 259

Columbia & Port Deposit Ry. [P. RR.].. 629

Columbia and Puget Sound RR , 1165

Columbia and Western Ry 900

68

GENERAL INDEX.

Columbia Electric Street Ry., Light and

Power Co 1114

Columbia, Newberry and Lanrens RR. . 165

Columbia Ry. (Washington, D. C.) 954

Columbia Ry. and Navigation Co 266

Columbia, S. C., Debt of 1275

Columbus and Cincinnati Midland RR.

[B. &0.] 316

Columbus and Hocking Coal & Iron Co. 1143

Columbus and Xenia RR. [P. Co.] 677

Columbus Central Ry 1074

Columbus Connecting and Terminal RR.

[N. & W. RR.] 594

Columbus, Findlay and Northern Ry.

[C., H. & D.J 410

Columbus, Ga., Debt of 1200

Columbus (Ga.) RR 958

Col umbus, Hocking Valley & Toledo Ry. 420
Columbus, Hope and Greensburg RR.

[C., C.,C. &St. L.] 417

Columbus, Kinkora and Springfield RR.

[P. RR.] 629

Columbus, Lancaster and Wellston RR. 130

Columbus, O., Debt of 1265

Columbus, Sandusky & Hocking RR.104, 1384

Columbus Street Ry 1074

Colusa and Lake RR 267

Commercial Cable Co 1144

Commonwealth Avenue Street Ry. ...>, 992
Compton Heights, Union Depot and

Merchants' Terminal Ry. [L. Ry.] 1016

Concord and Claremont RR. [B. & M.].. 340
Concord and Montreal RR. [B. & M.]. . . 338
Concord and Portsmouth RR. [B. fc M.] 338

Concord, N. H., Debt of 1242

Concord Street Ry 1022

Conesus Lake Ry. [Erie] 450

Coney Island and Brooklyn RR 1042

Coney Island, Fort Hamilton and Brook-
lyn RR. [N. El. RR.J 1057

Confluence and Oakland RR. [B. & O.]. . 316
Connecticut and Passumpsic Rivers RR.

[B. & M.] 337

Connecticut, Map of. (See Table of Contents.)

Connecticut River RR. [B. & M.] 339

Connecticut, State Debt of 1194

Connecticut, Street Rys. in 947

Connecting Ry. [P. RR.] 629

Connecting Terminal RR 67

Connellsville, New Haven and Leisen-

ring Ry 1084

Connellsville Suburban Street Ry 1085

Conshohocken Ry. [S. Vy. Tr. Co.] 1097

Consolidated Gas Co. of New York 1144

Consolidated Ice Co 1145

Consolidated Kansas City Smelting and

Refining Co 1145

Con^lidated Light and Ry. Co., Hunt-

ington, W. Va 1125

Consolidated Street Ry., Cotton wood

Falls, Kan 976

Consol. Street Ry., Grand Rapids, Mich. 1009
Consolidated Traction Co. of New Jersey.

[N. J. St.]..... 1026

Consol. Traction Co., Pittsburgh, Pa... 1085

Consolidated Coal Co 1145

Consumers' Electric Light & Street RR. 956
Continental Passenger Ry. [U. Tr. Co.]. 1104

Conway Electric Street Ry 992

Cook County, 111., Debt of 1201

Cooperstown and Charlotte Valley RR. . 67
Cooperstown and Susquehanna Vy. RR.

[C. &C. Vy.] 67

Coos Bay, Roseburg and Eastern RR.

and Navigation Co 267

Corning and Painted Post Street Ry 1042

Cornwall RR 67

Cornwall and Lebanon RR 67

Cornwall Electric Street Ry 1129

Coronado RR 267

Cortland and Homer Traction Co 1042

Corvallis and Eastern Ry 267

Corvallis Street Ry 1081

Cottage City Street Ry 992

Cotton Belt Route, Map of 209

Coudersport and Port Allegany RR 68

Council Bluffs, la., Debt of 1205

Covington and Cincinnati Elevated RR.

and Transfer and Bridge Co. [C. & O.] 359

Covington and Oxford Street RR 958

Covington, Flemingsburg & Ashland RR. 184

Covington, Ky., Debt of 1208

Cow Creek Tram and Ry 1460

Cranston, R. i., Debt of 1273

fW Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 189O, to June 3O, 1898, 'pp. 129O to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

Crawford and Manistee River Ry 854

Credit Valley Ry. [C. P.] 876

Crescent City RR [N. 0. Tr.] 981

Crescent Springs RR 1460

Cresson and Irvona RR. fP. RR.] 629

Crooked Creek RR. and Coal 250

Cross Creek Coal Co. [D., S. & S.] 68

Crosstown Street Ry. [Buffalo Ry.] 1039

Crosstown Street Ry. [Columbus St. Ry.] 1075

Crumps Street Ry 971

Crystal River Ry 215

Crystal Ry 215

Cumberland and Pennsylvania RR. [Con-
solidation Coal Co.] 1145

Cumberland Electric Ry 987

Cumberland, Md., Debt of 1213

Cumberland Ry. and Coal Co 900

Cumberland River and Tennessee RR. . . 184
Cumberland Valley and Martinsburg RR.

[P. RR.] 641

Cumberland Valley RR. [P. RR.] 639

Cumberland Valley Traction Co 1086

Current River RR. [K. C., F. S. & M.]. . 484

Cuyahoga County, O., Debt of 1262

Cuyler and Woodburn RR 165

Dakota, Wyoming & Missouri River RR. 250

Dallas and Oak Cliff Electric Ry 1117

Dallas and Waco Ry. [M., K. & T.] 538

Dallas Consolidated Electric Street Ry. . 1117

Dallas Rapid Transit and Terminal Ry. 1117

Dallas Terminal Ry. & Union Depot Co. 215

Dallas, Tex., Debt of 1279

Danbury and Norwalk RR. [N. Y., N.

H. &H.] 584

Danbury and Bethel Street Ry 947

Danbury, Conn. , Debt of 1195

Danville Gas, Electric Light & Street Ry. 961

Danville Street Car Co 1121

Dansville and Mount Morris RR 68

Danvers RR. [B. & M.] 339

Danville and Western RR. [S. Ry.] 799

Danville, Mocksville and Southwestern

RR. [S. Ry.J 799

Danville, Va., Debt of 1282

Dardanelle and Russell ville Ry 215

Darien and Western RR 165

Dartmouth and Westport Street Ry 992

Davenport, la. , Debt of 1205

Dayton and Michigan RR. [C.f H. & D.] 409

Dayton & Union RR. [C., C., C. & St. L.] 419

Dayton and Western RR. [P. Co.] 677

Dayton, Lebanon and Cincinnati RR 130

Dayton, O., Debt of 1266

Dayton Tract;n Co. [C. & M. V. Tr. Co.] 1073

Decatur Street Ry 937

Deckerville, Osceola and Northern RR. . 854

Deerfield and Utica RR 1043

Defiance Light and Ry. Co 1075

DeKalb & Great Western Ry. [C. G. W.] 236

DeKalb and Red River RR 215

Delano Land Co. [L. V.] 504

Delaware & Bound Brook RR. [Reading] 722
Delaware and Chesapeake Ry. [P. RR.]. 650

Delaware and Hudson Canal Co 423

Delaware & Hud. Canal, Adirondack Ry. 429
Delaware & Hud. Canal, Champlain Div. 427
Delaware & Hud. Canal, Penn.(RR.) Div. 426
Delaware & Hud. Canal, Saratoga Div.. 428
Delaware and Hudson Canal, Susque-

hanna Division 426

Delaware and New England Co 1146

Delaware and Otsego RR. [U. & D.] 51

Delaware County and Philadelphia Elec-
tric Passenger Ry 1087

Delaware Electric Street Ry 1075

Delaware, Lackawanua & Western RR. 430

Delaware, Map of (See Table of Contents.)

Delaware, Maryland and Virginia RR.

[P. RR.] 650

Delaware River RR. & Bridge [P. RR.]. 629

Delaware River RR 68

Delaware RR. [P. RR.] 650

Delaware, State Debt of 1197

Delaware, Street Rys. in 953

Delaware, Susquehanna & Schuykill RR. 68
Denison & Pacific Suburban Ry.[T. & P.] 805
Denison and Washita Valley Ry. [M., K.

&T.]' 538

Denison Street and Electric Ry 1117

Denver aud Rio Grande RR 436, 1385

Denver & Santa Fe Ry. [A., T. & S. F.]. 275

Denver and Westminster Ry 945

Denver City RR 945

Denver, Col., Debt of 1194

Denver Consolidated Tramway Co 945

Denver, Lakewoodand Golden RR. . 216, 946

Denver, Lead ville and Gunnison Ry 854

Denver, Longmont and Noland Ry 216

Denver Union Water Co., The 1146

Depew and Tonawanda RR. [L. Vy.]. . . 502

De Pue, Ladd and Eastern RR 130

Derby Street Ry 948

70

GENERAL INDEX.

Des Moines and Fort Dodge RR. [C., R.

I. & P.] 405

Des Moines and Kansas City Ry. [K. &

W.] 242

Des Moines City Ry .'. 973

Des Moines, la., Debt of 1205

Des Moines, Northern and Western RR. 250

Des Moines Union Ry 250

Detroit and Bay City RR. [M. C.] 531

Detroit and Chicago RR. [L. 8. & M. S.] 488
Detroit and Lima Northern Ry. (Map). . 825

Detroit and Mackinac Ry 106

Detroit Citizens' Street Ry. [C. Tr. Co.] 1008

Detroit City Gas Co 1147

Detroit, Delray & Dearborn RR. [M. C.]. 531

Detroit Electric Ry. [C. Tr. Co.] 1009

Detroit, Fort Wayne and Belle Isle Ry.

[C. Tr. Co.] 1009

Detroit, Grand Haven and Milwaukee

Ry. [G. T.] 893

Detroit, Grand Rapids and Western Ry. 827
Detroit, Hillsdale and Southwestern RR.

[L. S. & M. S.] 491

Detroit, Mich., Debt of 1233

Detroit, Monroe and Toledo RR. [L. S.

&M.S.] 488

Detroit, Rouge River & Dearborn St. Ry. 1009

Detroit, Toledo and Milwaukee RR 854

Detroit Union RR. Depot and Station Co. 131
Detroit, Ypsilanti and Ann Arbor Ry.. . 1010

Dexter and Newport RR. [M. C.] 14

Dexter and Piscataquis RR. [M. C.]. ... 15

Diamond Match Co 1147

Dighton, Somerset & Swansea Street Ry. 992
Dillsburg and Mechanicsburg RR. [P.

RR.] 641

Direct Navigation Co., The [S. P.] 786

District of Columbia, Debt of 1198

District of Columbia, Street Rys. in. ... 954

Dominion Atlantic Ry 900

Dominion of Canada, RRs. in 863

Doniphan County, Kan., Debt of 1206

Douglas County, Kan., Debt of 1206

Douglas County, Neb., Debt of 1240

Dover & Rockaway RR. [C. RR. of N. J.] 351

Dover and Statesboro' RR 165

Dover, N. H., Debt of 1243

Downington & Lancaster RR. [P. RR.]. 630

Drummond and Southwestern Ry 131

Drummond County Ry 901

Dry Dock, East Broadway and Battery

RR. [Third Ave. RR.] 1066

Dry Fork RR 166

Dubuque and Sioux City RR. [I. C.] 479

Dubuque, la., Debt of 1205

Dubuque Light and Traction Co 974

Dubuque Street Ry 974

Duluth and Iron Range RR 237, 1385

Duluth, Minn., Debt of 1235, 1385

Duluth, Missabe and Northern Ry 250

Duluth, Mississippi Riv & North'n RR. 251
Duluth, Red Wing and Southern RR. . . 251
Dulnth Short Line Ry. [St. P. & D.]. . . 248
Duluth, South Shore and Atlantic Ry.

[C. P.] 879

Duluth Street Ry 1012

Duluth, Superior and Western Ry. 238, 1385
Duluth Superior Belt Ry. [D. Tr. Ry.]. 251

Duluth Terminal Ry. [G. N.] 468

Duluth Transfer Ry 251

Duluth, Watertown & Pacific Ry. [G. N.] 468

Dundee Place Car Line 1021

Dunkirk, Allegheny Valley and Pitts-
burgh RR. [N. Y. C. & H. R.] 574

Dunkirk and Fredonia RR 1048, 1385

Duquesne Traction Co. [Consol. Tr. Co.] 1085

Du Quoin Street Ry 962

Durango Railway and Realty Co 946

Durham and Charlotte RR 166

Durham and Northern Ry. [S. A. Line] 742
Dutchess County RR. [P. R. & N. E.]. . 45

Eagle's Mere RR 69

East and West RR 184

East Broad Top RR. and Coal Co 69

East End Pass. Ry., Williamsport, Pa.. 1087

Eastern Kentucky RR 185

Eastern Maine RR. [M. C.] 15

Eastern Ohio RR 131

Eastern RR. in New Hampshire [B.& M.] 339

Eastern Ry. of Minnesota [G. N.] 468

^~ Reference should also be made to the table of Dividend* paid by Rail-
road and other Corporations, Jan. 1, 189O, to June 3O, 1898, pp. 1290 to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Hallway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 146O.

71

WELLS FARGO & GO.'S EXPRESS.

THE ONLY

THROTJOH BOIXI>EI> EXPRESS LINE

Between. tb.e Atlantic and tne Pacific.

DIRECT EXPRESS LINES BETWEEN

NEW YORK, BOSTON, ROCHESTER, BUFFALO, CLEVELAND, TOLEDO, CINCINNATI,

CHICAGO, COLUMBUS, ST. LOUIS, ST. PAUL, MINNEAPOLIS, DES MOINES,

DUBUQUE, NEW ORLEANS, CALVESTON, HOUSTON, KANSAS CITY,

FORT SMITH, DENVER, SAN FRANCISCO, LOS ANGELES,

PORTLAND (Oregon), CITY OF MEXICO, VERA CRUZ,

AJVI> IIVXERMIEaDIATE POINTS.

Lowest Rates, Fastest Time, Absolute Security, and

Undivided Responsibility.

The safest, quickest, and best medium for the transmission
of Money, Jewelry, Valuables, and Merchandise.

MONEY TRANSFERRED BY TELEGRAPH.

Money Orders sold, payable at over 15,000 points in the United States and Canada.

WELLS FARGO & CO.'S FOREIGN EXPRESS,

FORWARDERS TO ALL PARTS OF THE WORLD.

Agencies in the Principal Cities of Europe. Operating upon the best and fastest

Ocean Steamers.

FREDERICK PAXSON & CO.

Members Philadelphia and New York Stock Exchanges

BRANCH OFFICE : 507 Land Title Building JJ2 Custom HoUSC Place

Broad and Chestnut Sti. PHILADELPHIA

STOCKS, BONDS, COTTON, GRAIN AND PROVISIONS

Private 'Wires to New York. Chicago, Boston, Baltimore, Washington, Pittsburg, etc.

AMERICAN SERVICE UNION

ARTHUR C. SALMON, President. 256 AND 257 BROADWAY, NEW YORK.

AN INVESTMENT AND AGENCY COMPANY.

Summary of What the Union Does.

!T SERVES members of Fraternal Orders in facilitating1 their desire to provide a practical, safe
and cumulative Reserve Fund.

IT ISSUES CONTRACTS for stated principal sums in consideration of periodical installments
paid thereon mid Guarantees to the Contract-holder participation in profits ; and further guar-
antees that the shares in Building and Loan Associations purchased shall be deposited with the
Knickerbocker Trust Co. of New York, as custodian for the joint benefit of all Contract-holders.

IT MAINTAINS a bureau through which a Contract-holder, in directing that a portion of his
installment be used in payment of assessments and dues, is spared the annoyance and responsi-
bility of looking after them himself.

IT AFFORDS to the Contract-holder in few years an interest in Building and Loan profits which
is calculated to be adequate thereafter to take care of his Fraternal Society membership for the
remainder of his life, should he elect to so apply the fund at his command.

THE KNICKERBOCKER TRUST COMPANY is the Custodian of the Investments.

72

GENERAL INDEX.

East Harrisburg Passenger Ry. [H. Tr.

Co.] 1089

East Hartford and Glastonbury Horse

RR. [H. St. Ry.] 950

East Liverpool Ry 1075

East Louisiana RR 185

East Malianoy RR. [Reading] 722

East Middlesex Street Ry. [No. Sh. Tr.

Co.] 1002

East Oakland Street Ry. [R. S.] 942

East Omaha Street Ry 1021

Easton and Aniboy RR. [L. V.] 502

Eastou and Northern RR. [B. & P.] ... 61
Easton and Bethlehem Transit Co. [E.

Tr. Co.] 1087

Easton Transit Co 1087

East Orange, N. J., Debt of 1245

East Pennsylvania RR. [Reading] 722

East Providence, Conn., Debt of 1195

East Reading Electric Ry. [U. Tr. Co.] 1109

East St. Louis & Carondelet Ry. [P. Co.] 682

East St. Louis Connecting Ry 131

East St. Louis Electric Street Ry 962

East St. Louis, 111., Debt of 1202

East Shore Terminal Co.'s RR 166

East Side Ry., Portland, Ore 1081

East Tenn. and West No. Carolina RR. 166

East Trenton RR. [Reading] 722

East Wareham, Onset Bay and Point In-

dependence Street Ry 993

Ebensburg and Black Lick RR. [P. RR.]. 630

Echo and Park City Ry. [U. P.] 848

Eckington and Soldiers' Home Ry. [C. &

M. Ry.] 955,987

Edison Electric Illuminating Co. of New

York 1147

Eel River and Eureka RR 267

Eel River RR. [Wabash] 812

Egypt Ry 166

Egypt Electric Ry 962

Eighth Avenue RR. [M. St. Ry.] 1053

Elberton Air-Line RR. [S. Ry.] 798

Electric Light, Gas and Street Ry.,

Parkersburg, W. Va 1125

Electric Ry. and Power Co., Tiffin, O. . . 1075
Electric Ry., Light and Power Co., Ana-
conda, Mont 1020

Electric Ry., Light and Power Co., of
Sedalia, Mo

Electric St. Ry. of Clarksville, Tenn. . .

Electric Traction Co. of Phila., Pa. [U.
Tr.]

Elgin and Havelock Ry

Elgin City, Carpentersville & Aurora Ry .

Elgin, Joliet and Eastern Ry. (Map) 107,

Elizabeth Mineral RR

Elizabeth, N. J., Debt of

Elizabeth Street Ry

Elizabeth, Lexington and Big Sandy RR.
[C. &O.]

Elkhart and Western RR

Elkton and Guthrie RR. [L. & N.]

Elktown and Middletown RR. of Cecil
Co. [P. RR.]

Elliston and Southern RR

Ellwood C'onnecting RR. [P. & L. E.]. .

Ell wood Short Line RR. [B. & O.]

Elmira and Horseheads Ry

Eltuira and Lake Ontario RR. [P. RR.].

Elmira and Williamsport Ry. [P. RR.].

Elmira, Cortland & Northern RR. [L.V.]

Elmira, N. Y., Debt of

Elmira State Line RR. [Erie]

Elmira Transfer Ry. [E. & H. Ry.]

Elmwood Avenue and Tonawanda Elec-
tric Ry. [B. K. & T. El.J

El Paso de Robles Street Ry

El Paso and Juarez Ave. Street Ry

El Paso Northern RR 216,

Elwood Electric Street Ry

Emmittsburg RR

Empire Passenger Ry. [U. Tr. Co.]

Emporium and Rich Valley RR

Eufield and Longmeadow Electric Ry. . .

Eugelside RR. [P. RR.]

Englewood Connecting Ry. [P. Co.]

Epworth League Ry

Erie and Black Rock RR. [Erie]. . .

Erie and Central New York Ry

Erie and Huron Ry.-

Erie and Ealamazoo [L. S. & M. S.]

Erie and Pittsburgh RR. [P. Co.]

Erie and Wyoming Valley RR

Erie City Pass. Ry. [E. El. Mot. Co.]. . .

1015
1115

1101
901

962
1385

855
1245
1026

t50
251

47
324

1043
645
645
503

1253
450

1043

1040
940

1117

1385

971

69

1104

70

948

630

676

1010
4.50
8o5
901
491
6(55
70

1088

8^- Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 189O, to June 3O, 1898, pp. 129O to 131«'i,
to the table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

73

Erie County, N. Y., Debt of 1251

Erie Electric Motor Co 1087

Erie, Pa., Debt of 1270

ErieRR 440

Erie Telegraph and Telephone Co.(Maps) 1148

Escanaba Electric Street Ry 1010

Esquimalt and Nanaimo Ry 901

Essex County, N. J., Debt of 1244

Etna and Montrose Ry 70

Eureka and Palisade RR 268

Eureka Springs Ry 216

Eureka Springs Electric Lt. and St. Ry. 939

Eureka Street RR 940

European & North American Ry. [M. C.] 15
Evanston Electric Ry. [No. Chic. St.].. 965

Evansville and Indianapolis RR 109

Evans vi 1 1 e and Terre Haute RR 110

Evansville Belt Ry. [E. & T. H.] 113

Evansville Ind., Debt of 1203

Evansville Street RR 971

Evansville, Suburban and Newburgh Ry. 131
Evansville, Terre Haute and Chicago Ry.

[C.&E. 111.] 366

Everett and Monte Cristo Ry 268

Everett, Mass., Debt of 1223

Everett Ry. and Electric Co 1123

Fairhaven and Westville RR 948

Fair Hill RR. [P. RR.] 630

Fairland, Franklin and Martinsville RR.

[C., C., C. & St. L.] 417

Fairmont, Morgantown and Pittsburgh

RR. [B. &<X] 316

Fairmouut Park and Haddington Passen-
ger Ry. [U. Tr. Co.] 1102

Fairmount Park Transportation Co 1088

Fall Brook Ry 453

Fall River, Mass., Debt of 1223

Fall River Street Ry 993

Farmville and Powhatan LR 166

Fayeite County RR. [B. & C.] 317

Federal Street and Pleasant Valley Pas-
senger Ry. [U. T. Co. of Pitts.] 1108

Ferro Valley and Saline Ry 1460

Findlay, Fort Wayne and Western Ry . . 131

Findlay Street RR 1075

Findlay, O., Debt of 1266

First Avenue Ry. [Seattle, Wash.] 1123

Fishkill Electric Ry. [Cit. St. By.] 1041

Fitchburg and Leominster Street Ry 993

Fitchburg, Mass. , Debt of 1224

Fitchburg RR 7, 1386

Flint and Pere Marquette RR 829, 1386

Florence and Cripple Creek RR 216

Florence, Eldorado and Walnut Valley

[A..T. &S. F.J 275

Florence RR. [A. C. Line] . . .' 287

Florida Central and Peninsular RR. . 144, 1386

Florida East Coast Ry 167

Florida, Map of (See Table of Contents.)

Florida Midland RR 167

Florida Southern RR., The [Plant Sys.] 699

Florida, State Debt of 1198

Florida, Street Rys. in 956

Klovilla and Indian Springs Ry 167

Fonda, Johnstown and Gloversville RR. 70

Forest City and Sioux City RR 1418

Forest Park, Laclede Avenue and Fourth

Street Ry. [Mo. RR.] 1017

Fort Madison Street RR 974

Fort Meade Street RR 956

Fort Pitt Traction Co. [C. Tr. Co.] 1085

Fort Smith Street Ry 939

Fort Street Union Depot Co., The 1151

Fort Wayne & Jackson RR. [L.S. & M.S.] 491

Fort Wayne Consolidated Ry 971, 1386

Fort Wayne, Ind., Debt of 1203

Fort White and Southern Ry 167

Fort Worth and Arlington Heights Street

Ry. [G. & P. C. St.] 1118

Fort Worth and Denver City Ry 832

Ft. Worth & New Orleans Ry. [S. P. Co.] 785

Fort Worth and Rio Grande Ry 855

Fort Worth Stock Yards & Belt RR. .855, 1459

Fort Worth Street Ry 1117

Fort Worth, Tex., Debt of 1279

Forty-second Street and Grand Street

Ferry RR. [M. St. Ry.] 1053

Forty-second Street, Manhattanville and

St. Nicholas Ave. Ry. [Third Ave. Ry.] 1066

Fostoria, 0., Debt of 1266

Fountain and SuburbanRR.[H.S.St.RR.] 939

Fountain Head Ry 1115

Fourth Street and Arsenal Ry 1015

Fox River Electric Ry 1126

Framingham Union Street Ry 993

Frankford and South wark Philadelphia

City Passenger Ry 1101

Frankfort and Cincinnati Ry 185

Frankfort and Suburban Ry 978

Franklin and Megantic RR 20

Franklin and Pittsylvania RR. [S. Ry.]. 797
Franklin and Tilton RR. [B. & M ] 338

GENERAL INDEX.

Franklin County, O., Debt of 1262

Franklin Electric Street Ry 1088

Frederic and Charlevoix RR 1460

Frederick and Middletown Electric Ry . 987

Frederick, Md., Debt of . . . 1218

Fredericton and St. Mary's Ry. Bridge 901

Fredericton Ry. [C. P.] 877

Freehold and Jamesburg Agricultural

RR. [P. RR.] 630

Freeport General Electric Co 962

Fremont, Elkhorn and Missouri Valley

RR. [C. & N. W.] 377, 1377

Fremont Street CarCo 1075

Fresno City, Belmont and Yosemite RR. 940

Fresno RR 940

Front and Union Point RR. [W. C. Ry.] 953

Fryeburg Horse RR 983

Fulton Co. Extension Ry. [F. Co., N. G.] 182

Fulton County Narrow Gauge Ry 132

Fulton Street RR. [M. St. Ry.] 1055

Gadsden and Attalla RR. [Q. & C.] 703

Gadsden and Attalla Union Ry 185

Gainesville and Gulf RR 167

Gainesville and Hall County Street RR. 958
Gainesville, Jefferson and Southern RR.

[G. RR. & B. Co.] 459

Gainesville Street Ry 1117

Galesburg Electric Motor & Power Co. . 962

Galeton and Eastern RR 1378

Gallipolis and Point Pleasant Ry 1075

Gait, Preston & Hespeler St. Ry.(Ltd.). 1129

Galveston and Western Ry 217

Galveston City RR 1118

Galveston County, Tex., Debt of 1278

Galveston, Harrisburg and San Antonio

Ry. [S. P. Co.] 781, 1450

Galveston, Houston and Henderson RR. 195
Galveston, La Porte and Houston Ry. . . 217

Galveston, Tex., Debt of 1280

Gardner Electric Street Ry 993

Garuerville RR. [Erie] 452

Geary Street, Park and Ocean RR 940

General Electric Co. . . 1152

Genesee and Wyoming Valley Ry 71

Genesee Valley Canal RR. [W.N.T. & P.] 58
Genesee Vy. Terminal RR. [W.N.Y.&P.] 58
Geneva, Waterloo, Seneca Falls and

Cayuga Lake Park Traction Co 1044

George's Creek and Cumberland RR. . . 71

George's Valley RR 20

Georgetown and Tenallytown Ry 955

Georgetown and Western RR 167

Georgetown RR. [I. & G. N.] 199

Georgetown Street RR 978

Georgia and Alabama Ry. (Map) 145

Georgia, Carolina and Northern Ry.

[S. A. Line] 741

Georgia, Map of (See Table of Contents.)

Georgia Midland Ry. [S. Ry.] 798

Georgia Northern Ry ... 168

Georgia RR. and Banking Co 454

Georgia Southern & Florida Ry. [S. Ry.] 801

Georgia, State Debt of 1199

Georgia, Street Rys . in 956

Germantown Passenger Ry. [U. Tr.]. . . 1103
Gettysburg & Harrisburg Ry. [Reading] 726

Gettysburg Transit Co 1088

Gila Valley, Globe and Northern Ry. . . 268

Girard Avenue Ry. [U. T. Co.] 1103

Glasgow RR. [L. & N.] 523

Glendale and East River RR. [L. I.]. . . 508
Glenn's Falls RR. [D. & H. C. Co.]. ... 429

Glen Oak and Prospect Heights Ry 962

Glenn Springs RR 168

Glens Falls, Sandy Hill and Fort Edward

Street RR 1044

Glenwood and Polytechnic College Street

Ry 1118

Globe Street Ry 994

Gloucester and Rockport Street Ry.

[G. St. Ry.] 994

Gloucester, Essex & Beverly Street Ry. 994

Gloucester, Mass. , Debt of 1224

Gloucester Street Ry 994

Gloversville & Broadalbin RR. [F.J.&G.] 70

Golden Circle RR 855

Gordon Heights Ry 953

Goshen and Deckertown Ry. [Erie] 452

Gouverneurand Oswegatchie RR. [N.Y.

C. & H. R.] 569

83^" Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1890, to June 30, 1898, pp. 129O to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. S, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

75

Government Rye. in operation (Canada) . 902

Grafton and Brunswick RR 1420

Grafton and Upton RR 21

Grand Avenue Ry. [U. Dep. Co.] 1020

Grand Haven Street Ry 1010

Grand Junction Street RR 946

Grand Rapids and Indiana Ry. [P. Co.] 684

Grand Rapids, Mich., Debt of 1223

Grand Rapids Transfer & Junction RR. 132

Grand River Valley RR. [M. C-] 531

Grand Trunk Junction Ry. [G. T.] 891

Grand Trunk Ry. Co. of Canada (Map). 883

Grant Street Electric Ry Co., The 1123

Gray's Point Term. Ry. [St. L. So. W.] 207

Great Falls and Canada Ry . . . 251

Great Falls Street Ry : . . . 1020

Great Northern (Canada) Ry 902

Great Northern Ry. Co. ( Map) 459

Great Northwest Central Ry 903

Green and Coates Street Philadelphia

Passenger Ry. [U. Tr. Co.] 1103

Green Bay and Western Ry 113

Greenbrier & New River RR. [C. & O.]. 359

Greene RR. [D., L. & W.] 434

Greenfield and Turner's Falls Street Ry . 995

Green Lake Electric Ry. [S. Tr. Co.]. . . 1124
Green Pond, Walterboro' and Branchv.

Ry. [Plant System] 696

Greensburg and 'Hempfield Electric

Street Ry 1088

Greensburg, Jeannette and Pittsburgh

Street Ry 1088

Greenville and Hudson Ry. [L. Vy.]. . . 503

Greenwich and Johnsonville Ry 72

Guelph Junction Ry. [C. P.] 875

Gulf and Chicago RR 185

Gulf and Interstate Ry. of Texas. . .217, 1386

Gulf and Ship Island RR 186

Gulf, Beaumont and Kansas City Ry 217

Gulf, Colorado and Santa Fe" Ry [A., T.

& S. Fe] ' 281

Gulf Red Cedar Co 1460

Gulf Shore Ry 864

Gulf, Western Texas and Pacific Ry. [S.

P. Co.] 786, 1450

Gussett Street Ry 1118

Gy wnn Falls Electric Ry 987

Hackensack & Lodi RR. [N. Y. S.& W.] 42
Hackensack Water Co., reorganized, The 1154
Hagersto wn Ry 987

Halifax Electric Tramway Co. (Ltd.). . . 1129

Hamburg Ry 1044

Hamilton and Dundas Ry 864, 866

Hamilton, Grimsby and Beamsville Elec-
tric Ry 1129

Hamilton and Kingston RR 218

Hamilton and Lindenwald Electric Tran-
sit Co 1075

Hamilton Co., O., Debt of 1262

Hamilton, 0., Debt of .. 126G

Hamilton Radial Electric Ry 1129

Hamilton Street Ry 1129

Hammond, Whiting and East Chicago

Electric Ry. [S. C. C. Ry.] 966

Hampton and Branch ville RR 168

Hampton and Old Point Ry 1121

Hampton and St. Martin's Ry 903

Hancock and Calumet RR 855

Hannibal and St. Joseph RR. [C., B. &

Q.] 389

Hannibal Ry 1015

Hannibal Union Depot Co 218

Hanover and McSherrystown Street Ry. 1089
Hanover and Newport RR. [D., L. & W.] 435

Hanover Street Ry 995

Hard wick and Woodbury RR 21

Harlem River and Portchester RR. [N.

Y.( N. H. & H.] 584

Harriman and Northeastern RR 186, 1386

Harrisburg and Mechanicsburg Electric

Passenger Ry 1089, 1386

Harrisburg City Passenger Ry. [H. Tr.

Co.] 1089

Harrisburg, Pa., Debt of 1271

Harrisburg, Portsmouth, Mt. Joy and

Lancaster RR. [P. RR.] 630

Harrisburg Traction Co 1089

Harrison Branch RR. [C., C., C. & St. L.]. 417
Hartford and Connecticut Western RR.

[P. R. &N.E.] 45

Hartford and West Hartford Horse RR. 949

Hartford, Conn., Debt of 1195

Hartford, Manchester and Rockville

Tramway Co 949

Hartford Street Ry.. 949

Hartwell RR. [S. Ry.] 799

Harvey Branch Ry. [A. S. Ry.] 897

Harvey Transit Co . 962

Haverhill and Amesbury St. Ry 995

Haverhill, Georgetown and Danvers

Street Ry 995

Haverhill, Mass., Debt of 1224

Hawkinsville and Florida Southern Ry. 1G8

76

GENERAL INDEX.

Hawley Branch RR. [Erie] 452

Hayts Corners, Ovid and Willard RR.

[L. V.] 503

Hazelhurst and Southeastern Ry 132

Hazleton Coal Co. [L V.] 499

Hearne and Brazos Valley RR 218

Hecker-Jones-Jewell Milling Co 1154

Hecla and Torch Lake RR 856

Helena Power and Light Co 1020

Helena Consolidated Water Co 1154

Henderson and Overton RR. [I. & Q. N'.] 199

Henderson Bridge and RR. Co. [L. & N.] 523

Henderson Electric Street Ry 978

Hendersonville and Brevard RR 168

Hendersonville Street Ry 1070

Hennepin County, Minn., Debt of 1235

Henry County, Mo., Debt of 1238

Hereford Ry. [M. C.] 15

Herkimer, Mohawk, Ilion and Frankfort

Electric Ry 1044

Herring-Hall-Marvin Co 1154

Hestonville, Mantua and Fairmount Pas-
senger RR. [U. Tr. Co.] 1102

Hibernia Mine RR. [C. RR. of N. J.]. . . 351

Highland Avenue and Belt RR 937

Highland Ave. & South Highlands RR. 1422

Highland Park and Fruitvale RR 942

Highlands RR. 971

Hillcreat Avenue Passenger Ry. [U. Tr.

C«>.] 1103

Hillsboro Electric Street Ry 1118

Hillsboro RR 132

Hingham Street Ry 995

Hobart Branch RR. [U. & D.] 51

Hoboken, N. J., Debt of 1245

Hodgenville & Elizabethtown Ry. [I. C.] 480

Hoffman and Troy RR , 1460

Hollins, Helflin and Sylacauga RR 1422

Holly River RR 168

Holmesburg.Tacony and Frankford Elec-
tric Ry 1090

Holston Valley Ry 186

Holyoke and Westfield RR. [N. Y., N.

H. &H.] 584

Holyoke, Mass. , Debt of 1224

Holyoke St. Ry., The 996

Home Avenue RR. [C. H. & D.] . . .409, 1076

PAOB

Homestead and Highlands Street Ry. . . 1090

Home Electric Co 909

Home Street Ry. [L. Tr. Co.] 1021

Hoosac Tunnel and Wilmington RR 21

Hoosac Valley St. Ry 9<)6

Hornellsville and Canisteo Ry., The. - . . 1044

Hornellsville Electric Ry 1045

Hot Springs RR 856

Hot Springs Street RR 939

Houck's Missouri and Arkansas RR 218

Housatonic RR. [N. Y., N. H. & H.]. . . 584
Houston and Shreveport Ry. [H., E. &

W. T.] 197

Houston and Texas Central RR. [S. P.

Co.] 784

Houston Belt and Magnolia Park Ry.

[G..L.P.&H.J 217

Houston East and West Texas Ry. 196, 1386

Houston Electric St. Ry 1118

Houston, Tex., Debt of 1280

Hoxie, Pocahontas and Northern Ry 1422

Hudson and Bergen Traction Co. [No.

H. Co. Ry.] 1027

Hudson County, N. J., Debt of 1244

Hudson Highland Bridge and Ry 71

Hudson Street Ry 1045

Hull Street Ry. [Hingh. St. Ry.] 996

Humeston and Shenandoah RR 1422

Hunter's Run and Slate Belt RR 71

Huntingdon and Broad Top Mountain

RR. and Coal Co 34

Huntingdon Street Connecting Pass Ry.

[U. Tr. Co.] 1104

Huntington and Big Sandy RR. [Ohio

River] 153

Huntington RR 1045

Hutchinson and Southern Ry '..... 218

Hutchinson Street Ry 976

Iberia and Vermilion RR. [S. P. Co.]. . . 781

Idaho, Map of (See Table of Contents.)

Idaho, State Debt of 1200

Idaho, Street Rys. in 959

Illinois Central RR 469

Illinois, Map of (See Table of Contents.)

^~ Reference should also be made to the table of Dividends paid by Rail-
road and otber Corporations, Jan. 1, 189O, to Jane 3O, 1808, pp. 129O to 1315,
to the table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 146O.

GENERAL INDEX.

77

Illinois, State Debt of 1201

Illinois, Street Rys. in 959

Illin»is Steel Co 1154

Illinois Terminal RR 132

Ilwaco Ry. and Navigation Co 268

Incline and Narrow Gauge Ry 1115

Independence and Monmouth Ry 268

Indiana and Illinois Southern RR. .139, 1446
Indiana and Lake Michigan Ry. [P. Co.] 690

Indiana Block Coal RR. [C. & E. I.] 366

Indiana, Decatur and Western Ry. [C.

H. &D.] 410

Indiana Electric Ry 971

Indiana, Illinois and Iowa RR 114, 1386

Indiana, Map of (See Table of Contents,)

Indiana Northern Ry 133

Indiana, Slate Debt of 1202

Indiana, Street Rys. in 970

Indianapolis and Broad Ripple Rapid

Transit Co 971

Indianapolis and Vincennes RR. [P.

Co.] 678, 1441

Indianapolis, Ind., Debt of 1204

Indianapolis Union Ry 133

Indian Territory.Mapof (See Table of Contents.)

Intercolonial Ry 902

Intermontane RR , 1070

International and Great Northern RR. . . 197

International Bridge Co, [G. T.] 890

International Bridge and Tramway Co. . 1118
Intet oceanic Ry. of Mexico, Ltd. (Map). 913

Interstate Consolidated Street Ry 996

Interstate Traction Co 1013

Interurban Ry 1010

Iowa Central Ry 239, 1386

Iowa, Map of (See Table of Contents.)

Iowa Northern Ry 252

Iowa, State Debt of . , 1204

Iowa, Street Rys. in 973

Irondale, Bancroft and Ottawa Ry 903

Irondequoit Park RR 1045

Iron Ry 133

Ironton Light and Ry 1076

Ironton RR 72

Island RR 72

Ithaca Street Ry 1046

Ivorydale and Mill Creek Valley Ry 133

Jackson and Suburban Street RR 1115

Jackson City Ry 1014

Jackson County, Mo., Debt of 1238

Jackson RR 1423

Jackson, Lansing & Saginaw RR. [M. C.] 531

Jackson Street Ry 1010

Jacksonville and Atlantic Ry 169

Jacksonville and St. Louis Ry 133

Jacksonville, Pla. , Debt of 1198

Jacksonville (Fla.) Street RR 956

Jacksonville (111.) Ry 962

Jacksonville, Tampa and Key West

Ry 149, 1386

Jamestown and Franklin RR. [L. S. &

M. S.] 491

Jamestown and Lake Erie Ry 72

Jamestown, N. T., Debt of 1254

Jamestown Street Ry 1046

Janesville Street Ry 1127

Jefferson and Clearfield Coal and Iron

Co., The 1154

Jefferson Avenue Ry 1016

Jefferson County, Ala., Debt of 1189

Jefferson County, O., Debt of 1263

Jefferson RR. [Erie] 450

Jeffersonville City Ry 971

Jellico, Bird Eye and Northern Ry 186

Jersey City and Bergen RR. [N. J. St.]. 1028

Jersey City Belt Line Ry. [L. V.] 503

Jersey City, Harrison and Kearney Ry.

[N. J.St.] 1028

Jersey City, Hoboken and Rutherford

Electric Ry. [N. J. El. Ry.] 1027

Jersey City, N. J. , Debt of 1246

Johnsonburg& Bradf'd RR. [B. R. & P.] 34

Johnsonburg RR. [P. RR.] 630

Johnson City and Carnegie Street Ry. . . 1115

Johnstown and Stony Creek RR 72

Johnstown, Gloversv. & Kingsboro RR. 1046

Johnstown Passenger Ry 1090

Johnstown, Pa. , Debt of 1271

Joliet & Blue Island Ry. [C. L. S. & E.]. 94

Joliet and Chicago RR. [C. & A.] 363

Joliet and Northern Indiana RR. [M. C.] 532

Joliet RR 963

J unction City & Fort Kearney Ry. [U. P.] 848
Junction RR. [P. RR.] 641

Kaaterskill RR. [U. & D.] 51

Kalamazoo, Allegan and Grand Rapids

RR.[L. S. &M. S.] 492

Kalamazoo and South Haven RR. [M. C.] 532
Kalamazoo and White Pigeon RR. [L. S.

&M. S.] 488

78

GENERAL INDEX.

Kanawha and Coal River Ry 169

Kanawha and Michigan Ry. [T. & O.

C.] 808, 1454

Kanawha Ry 169

Kane and Elk RR 72

Kankakee and Seneca RR. [C., C., C. &

St. L.] ". 417

Kankakee Electric Ry 963

Kanona and Prattsburgh Ry 72

Kansas and Arkansas Valley Ry. [M. P.] 560

Kansas & Colorado Pacific Ry. [Mo. P.]. 555
Kansas City and Independence Air-Line

[K. C. S. B.] 220

Kansas City and Leaven worth Ry 1016

Kansas City and Memphis Ry. and Bridge

Co. [K. C., Ft. S. & M.] 487

Kansas City and Northern Connecting

RR 218, 1387

Kansas City & Omaha Ry. [St. J . & G. I.] 206

Kansas City & Pacific Ry. [M. K. & T.J. 538

Kansas City & Southwestern Ry. [M. P.] 555
Kansas City and Southwestern Ry. of

Mo. [M. P.] 555

Kansas City and Westport Belt Ry 1016

Kansas City, Arkansas and New Orleans

RR 219

Kansas City Belt Ry 219

Kansas City, Clinton and Springfield Ry.

[K. C., F. S. & M.] 485

Kansas City Elevated Ry. [M. St. Ry.]. 1017
Kansas City Emporia and Southern Ry.

[A., T. &S. F.] 275

Kansas City, Excelsior Springs and

Southern Ry 856

Kansas City, Ft. Scott and Memphis RR. 481

Kansas City, Kan., Debt of 1207

Kansas City, Mo. , Debt of 1238

Kansas City, Memphis and Birmingham

RR. [K. C., F. S. & M.] 486, 1387

Kansas City Northwestern RR 199

Kansas City, Osceola and Southern Ry. 219
Kansas City, Pittsburgh and Gulf RR.

(Map) 200, 1387

Kansas City, St. Joseph and Council

BluflsRR. [C.,B. &Q.] 390

Kansas City, St. Louis and Chicago RR.

[C.& A.] 363

Kansas City, Shreveport and Gulf RR.

[K. C., P. & G.] 203

Kansas City Suburban Belt RR „ 219

Kansas City, Topeka and Western RR.

[A., T.&S. F.] 275

Kansas City, Watkins and Gulf Ry.186, 1387

Kansas, Map of (See Table of Content*.)

Kansas Midland Ry 220

Kansas, State Debt of 1206

Kansas, Street Rys. in 976

Kaslo and Slocan Ry 903

Kearney and Black Hills Ry. [U. P.]. . . 848

Kearney Electric Co 1021

Kearney, N. J., Debt of 1247

Keeseville, Au Sable Chasm and Lake

Champlain RR 78

Keithsburg Bridge Co. [I. C.] 240

Kelly Creek Improvement Co 169

Kennebec Central RR 21

Kennebunk and Kennebunkport RR.

[B. & M.] 339

Kensington and Tacony RR. [P. RR.]. . 630

Kent Northern Ry 903

Kentucky and Indiana Bridge Co 856

Kentucky & South Atlantic RR. [C. & O.] 359

Kentucky Central Ry. [L. & N.] 522

Kentucky, Map of (See Table of Contents )

Kentucky Northern Ry 187

Kentucky, State Debt of 1207

Kentucky, Street Rys. in 977

Keokuk & Des Moines RR. [C.,R. I. & P.] 405

Keokuk and Hamilton Bridge Co 252

Keokuk and Western RR 241, 1387

Keokuk Electric Ry 974

Kessler St. Connecting Passenger Ry.

[U. Tr. Co.] 1104

Ketner, St. Mary's and Shawmut RR. . . 73
Kewaunee, Green Bay and Western RR. 134

Keyport and Ma ta wan Street RR 1026

Keystone RR 1460

Key West Street Car Association ..'... 956

Kickapoo Valley and Northern RR 134

Kildare and Linden Ry 220

Kinderhook and Hudson Ry 73

Kingfield & Dead River RR. [F. & M.]. 20

Kings County Elec. Ry. [N. Elec.] 1057

Kings County Elevated Ry 1046

EP" Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1890, to June 3O, 1898, pp. 129O to 1315,
to the table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. S, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

79

Kings County Traction Co. [N. Elec.]. . 1057

Kingston and Pembroke Ry 904

Kingston City RR 1C47

Kingston, Napanee & West. Ry. [B.of Q.] 898
Kingston, Portsmouth and Cataraqui

Electric Ry 1129

Kinniconick & Freestone RR. [C. & O.]. 859

Kinzua Creek and Kane RR 73

Kinzua Hemlock RR. [M. J. K. & R.]. . . 78

Kinzua Ry. [W. N. Y. & P.] 58

Kinzua Valley RR 78

Kishacoquillas Valley RR 73

Kishwaukee Mineral Springs RR 74

Knox and Lincoln Ry. [M. C.] 15

Knox County, Teun., Debt of 1277

Knoxville and Bristol Ry 1387

Knoxville and Ohio RR. [S. Ry.] 798

Knoxville, Cumberland Gap and Louis-
ville Ry. [S. Ry.] 797

Knoxville Traction Co 1115

Knoxville, Tenn. , Debt of 1277

Kokomo City Street Ry 971

Kymulga and Coosa River RR 1436

Lackawanna& Montrose RR.[D.,L.& W.] 436
Lackawanna and Susquehanna RR. [D.

& H. C. Co.] 427

Lackawanna Valley Traction Co. [Scran-
ton Ry.] 1097

Laclede Gas Light Co., The 1155

Laconia Street Ry 1022

La Crosse City Ry 1127

La Crosse, Wis., Debt of 1287

La Fayette Ry 187

La Fayette Street Ry 972

Lafayette County, Mo., Debt of 1238

Lake Champlain and Moriah RR 74

Lake Champlain and St. Lawrence Junc-
tion Ry. [C. P.] 879

Lake Charles and Leesville RR 1426

Lake Charles Street Ry 980

Lake Cities Electric Ry. Co. of Michi-
gan City, Ind 972

Lake Erie and Detroit River Ry 904

Lake Erie and Western RR. (Map) 833

Lake Ontario and Riverside Ry 1047

Lake Shore & Michigan Southern Ry.488, 1387

Lake Side and Marblehead RR 134

Lakeside Ry. [D. St. Ry.] 1013

Lakeside Ry. , Mahanoy City, Pa 1090

Lake Street Elevated RR 963

Lake Superior and Ishpemiug Ry 135

Lake Superior Consolidated Iron Mines. 1155

Lake Superior Iron Co 1155

Lake Superior Terminal & Transfer Ry. 134

Lake Tahoe RR 268

Lake Temiscamingue Colonization Ry.

[C. P.] 875

Lamson Consolidated Store Service Co. . 1155

Lancaster and Chester RR. 169

Lancaster and Columbia Ry. [P.Tr. Co.] 1093
Lancaster & Reading Narrow Gauge RR. 74
Lancaster, Cecil & South. RR. [B. & O.] 316

Lancaster County, Neb., Debt of 1240

Lancaster Electric Ry 1076

Lancaster, Oxford and Southern RR. . . 74

Lancaster, Pa., Debt of 1271

Lai^ingburgh & Cohoes RR.[Troy C.Ry.] 1068

Lansing City Electric Ry 1010

Lansing, Mich., Debt of 1234

Larchmont Horse Ry 1048

Laredo Electric and Ry. Co 1118

La Salle and Bureau County RR 135

L' Assomption Ry 904

Laurel Fork and Sand Hill RR 169

Lawrence County, So. Dak., Debt of. . . . 1276

Lawrence, Mass., Debt of 1225

Lawrence Transportation Co 976

Lawrenceville Branch RR 169

Leamington and St. Clair Ry. [M. C.]. . 532

Leavenworth County, Kan., Debt of 1206

Leaven worth Electric RR 976

Leavenworth, Kan., Debt of 1207

Leaveuworth, Kansas and Western 1387

Leavenworth, Northern and Southern

Ry. [A., T. & S. P.] 275

Leavenworth Terminal Ry. & Bridge Co. 220
Leavenworth, Topekaand Southwestern

Ry ...» 220

Lebanon and Annville Street Ry 1090

Lebanon and Myerstown Street Ry. [L.

& A. St.Ry.] 1090

Lebanon Springs RR ... 74

Lee County, la. , Debt of 1204

Lehigh and Hudson River Ry 36, 1387

Lehigh and Lackawanna RR. [C. RR. of

N. J.] 352

Lehigh and New England RR 74

Lehigh and New York RR. [L. V.] 503

Lehigh and Susquehanna RR. [C. RR.

of N. J.] 351

Lehigh and Wilkesbarre Coal Co 1156

Lehigh Ave. Ry. [U. Tr. Co.] 1101

80

GENERAL INDEX.

Lehigh Coal and Navigation Co., The. . 1 156

Lehigh Traction Co 1090

Lehigh Valley Coal Co. [L. V.] 504

Lehigh Valley RR. (Map) 494, 1387

Lehigh Valley Ry. [L. V.] 503

Lehigh Valley Terminal Ry. [L. V.] 503

Lehigh Valley Traction Co. [A. & L. V.

Tr.] 1082

Leominster and Clinton Street Ry 997

Leomiuster, Mass., Debt of 1225

Le Roy and Caney Valley Air- Line RR.

[M.P.]... 555

Leth bridge Land Co., Ltd. [A. Ry. & C.] 897
Lewisburg and Tyrone RR. [P. RR.]. . . 630
Lewiston & Auburn Branch RR. [G. T.] 890

Lewiston and Auburn Horse RR 983

Lewiston and Youngstown Frontier RR. 1048
Lewiston, Brunswick and Bath St. Ry. . 1387

Lewiston, Me., Debt of 1211

Lexington and Eastern Ry 187

Lexington, Ky. , Debt of 1208

Lexington Street Ry 1016

Lexington Terminal RR 169

Licking Valley Ry 856

Ligonier Valley RR 75

Lima, O.. Debt of 1266

Lima Ry 1076

Lime Rock RR 22

Lincoln County, Nev., Debt of 1242

Lincoln Park and Charlotte RR. [B. R.

& P.]..... 34

Lincoln Electric Street Ry., Lincoln, 111. 963

Lincoln Traction Co., Lincoln, Neb 1021

Lincoln, Neb., Debt of 1241

Lindell Ry 1016

Linehan Ry. Transfer Co 1158, 1459

Litchh'eld, Carrollton and Western RR.. 135

Little Palls and Dolgeville RR 75

Little Miami RR. [P. Co.] 676

Little Rock and Fort Smith Ry. [M. P.] 560

Little Rock and Memphis RR 204

Little Rock, Ark., Debt of 1191

Little Rock, Hot Springs & Texas Ry. 221, 1387

Little Rock Junction Ry. [M. P.] 560

Little Rock Traction and Electric Co. . . 939

Little Schuylkill RR. [Reading] 722

Live Oak and Gulf Ry 169

PAGE

Livonia and Lake Conesus RR 75

Lock City Electric Ry 1048

Lock Haven Electric Ry. [L. H. Tr. Co.] 1091

Lock Haven Traction Co 1091

Lodi Branch RR. [N. Y. S. & W.] 42

Logansport Ry 972

London & Port Stanley Ry.[L.E.& D.R.] 904

London Street Ry 1129

Long Dock Company [Erie] 450

Long Island Electric Ry 1048

Long Island RR 505

Long Island RR., North Shore Branch.. 508

Longview and Junction Street Ry 1119

Lookout Point Incline Co 187

Lorain and Cleveland Ry 1078

Lorain Street Ry 1078

Lorillard (P.) Co., The 1167

Los Angeles and Redondo Ry 269

Los Angeles, Cal., Debt of 1192

Los Angeles, County, Cal., Debt of 1192

Los Angeles Ry 940

Los Angeles Terminal Ry 269

Los Angeles Traction Co '. 940

Lost Creek RR 1460

Lotbiniere and Megantic Ry 904

Louisburg RR. [S. A. L.] 744

Louisiana and Arkansas RR 1428

Louisiana & Missouri River RR.[C.& A.] 863

Louisiana and Northwest RR 187

Louisiana Central RR 187

Louisiana, Map of (See Table of Contents.)

Louisiana Nickel Plate RR 1460

Louisiana Southern RR 188

Louisiana, State Debt of 1209

Louisiana, Street Rys. in 980

Louisiana Western RR. [S. P. Co.] 780

Louisville and Jeffersonville Bridge Co. 1158
Louisville and Nashville RR. (Map)Ml, 1388
Louisville & St. Louis RR. [J. & St. L.] 134

Louisville and Southeastern Ry 856

Louisville and Wadley RR K39

Louisville Bridge Co 188

Louisville, Evansville and St. Louis Con-
solidated RR 837

Louisville, Henderson and St. Louis

Ry 176, 1388

Louisville, Ky. , Debt of 1209

fcy Reference should also be made to tin- table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1890, to June 3O, 1898, pp. 129O to 131.5,
to the table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Kail way Officials (corrected
to Aug. 8, 1898) on pp. 1 397 to 1 1(>0.

GENERAL INDEX.

81

Louisville, New Albany and Corydon Ry. 135

Louisville Ry 978

Louisville Terminal Ry 979

Lowell and Andover RR. [B. & M.] 339

Lowell and Hastings RR 857

Lowell and Suburban Street Ry 997

Lowell , Lawrence & Haverhill Street Ry. 997

Lowell, Mass., Debt of 1'225

Lower Laurentian Ry. [Q. & L. St. J.]. . 909

Loyalsock RR. [L. V.] 503

Lucas County, 0., Debt of 1263

Lycoming County, Pa., Debt of 1269

Lykens Valley RR. and Coal Co 75

Lynchburg and Rivermont Street Ry. . . 1121

Lynchburg Electric Co 1121

Lynchburg, Va., Debt of 1282

Lyons and Chicago RR 857

Lynn and Boston RR. [N. Sh. Tr.] 1000

Lynn, Mass., Debt of 1226

McCloud River RR 858

McCracken County, Ky., Debt of 1208

McKean & Buffalo RR. [W. N. Y. & P.]. 58

McKeesport Connecting RR . 76

McKeesport, Duquesne and Wilmerding

Ry : 1091

McKeesport Terminal RR 76

Macon and Birmingham Ry 170

Macon & Indian Spring Electric St. Ry. . 958

Macoii Consolidated Street RR 958

Macon, Dublin and Savannah RR 170

Macon, Ga., Debt of 1200

Macopin RR. [N. Y. S. & W.] 42

Mocoupin County, 111., Debt of 1201

Madison Electric Ry 1127

Madison, Illinois and St. Louis Ry. [St.

L. M. B. T.] 1176

Madison Square Garden Co 1158

Madisou Street Cable Ry 1123

Madison Street Ry., Madison, Ind 972

Mahoning Coal RR. [L. S. & M. S.] . . . . 492

Mahoning County, 0. , Debt of 1263

Mahoning State Line RR. [P. & L. E.] . 47

Mahoning Valley Ry 1076

Mahoning Valley RR. [B. R. & P.] 34

Mabanoy City, Shenandoah, Qirardville

& Ashland St. Ry. [Scranton Tr. Co.] 1096
Mahopac Falls RR. [N. Y. C. & H. R.]. 570

Maine Central RR 11

Maine, Map of (See Table of Contents. )

Maine, State Debt of 1210

Maine, Street Rys. in 981

Main Street and Agricultural Park RR. 940
Main Street RR., Jacksonville, Fla. ... 956
Maiden & Melrose St. Ry. [B. El. Ry.]. 990

Maiden, Mass., Debt of 1227

Mammoth Cave RR 188

Manahawkin and Long Beach Transpor-
tation Co 76

Mancher-ter & Augusta RR. [A. C. Line]. 287
Manchester and Keene RR. [B. & M.] . . 387
Manchester and Lawrence RR. [B. &

M.J 339, 1388

Manchester & North Weare RR. [B. & M. ] 339

Manchester, N. H., Debt of 1243

Manchester St. Ry., Manchester, N. H. 1023

Manchester, Va., Debt of 1282

Manhattan, Alma and Burlingame Ry. . 221
Manhattan Beach Hotel and Land Co. 1010

(Limited) 1158

Manhattan Ry 1049

Manistee and Grand Rapids RR 857

Manistee and Luther RR 857

Manistee and Northeastern RR 857

Manistee, Filer City and Eastlake Ry. . 1010

Manistique and Northwestern RR 857

Manistique Ry 135

Manitoba and Northwestern Ry . 905, 1388
Manitoba S. W. Colonization Ry. [C. P.] 875

Manitou and Pike's Peak Ry 221

Manitou Electric Ry. and Casino Co.

[C. S. R. T.Ry.] 945

Mann's Creek RR 1460

Mansfield Ry. and Transportation Co. . 188
Manufacturers' RR. Co. New Haven,

Conn 950

Manufacturers' Ry 1429

Maple Avenue Ry. [E. & H. Ry.] 1043

Marginal RR. [P. Co.] 670

Maricopa and Phoenix and Salt River

Valley RR 269

Marietta, Hocking and Northern Ry. . . 136

Marietta Ry. [B. & O. S. W.] 331

Marine Ry 76

Marinette Gas, Electric Light & St. Ry. 1128
Marinette, Tomahawk and Western Ry. 136
Marion andMcPherson Ry. [A..T.& S. F.] 275

Marion and Rye Valley RR 170

Marion County, Ind., Debt of 1203

Marion City Ry 972

Marion Street Ry. 1076

Market Street Ry •. 941

Maryborough, Mass., Debt of 1227

82

GENERAL INDEX.

Marlborough Street Ry 998

Marquette City and Presque Isle Ry. . . . 1010
Marshall, Timpson, and Sabine Pass. Ry. 221

Marshalltown Light, Power and Ry 974

Marshfield and Southeastern Ry.. 136

Martha's Vineyard Street Ry 998

Martin's Creek Branch RR. [B. & P.J. . . 61

Maryland and Washington Ry 955

Maryland, Map of ... (See Table of Contents.}

Maryland, State Debt of 1212

Maryland, Street Rys. in 985

Maryland Traction Co 986

Marysville and Yuba City Street Ry 941

Mason and Oceana RR 857

Mason City and Fort Dodge RR 252

Massachusetts, Map of. (See Table of Contents.)

Massachusetts, State Debt of 1213

Massachusetts, Street Rys. in 988

Massawippi Valley Ry. [B. & M.] 337

Massillon and Cleveland RR. [P. Co.] . . 664

Massillon RR. [C. C. & S.] 101

Mattoon Ry 136

Mauch Chunk, Summit Hill and Switch-
back RR. [C. RR. of N. J.I 352

Maysville and Big Sandy RR. [C. & O.] . 359
Maysville Street RR. and Transfer Co. . 979

Mead Run RR. [M. J., K. & R.] 78

Meadville, Conneaut Lake and Linesville

RR. [P., B. & L. E.] 50

Mechanicsburg and Buffalo Ry 963

Medford, Mass., Debt of 1227

Medix Run RR. 76

Melrose, Mass, Debt of 1228

Memphis and Binghamton Belt RR. ... 1459
Memphis and Charleston RR. [S. Ry.] . . 800
Memphis and Paducah Division [L.& N.] 527

Memphis Street Ry 1116

Memphis, Tenn., Debt of 1277

Menasha and Neeuah Street Ry 1127

Meuominee Electric Light Ry. and Power

Co 1010

Meriden, Conn., Debt of 1195

Meriden Electric RR 950

Meridian Street Ry. and Power Co 1014

Merrill Ry. and Lighting Co 1127

Metropolitan Cable Ry., Omaha, Neb.. . 1021
Metropolitan RR., Washington, D. C. . . 955

Metropolitan Ry. (City & Sub.) 1081

Metropolitan Southern RR. [B. & O] 316

Metropolitan Street Ry., Deer Park, Out. 1130

Metropolitan St. Ry., Kansas City, Mo. . 1016

Metropolitan St. Ry., New York, N. Y. . 1050
Metropolitan West Side Elevated RR. of

Chicago 963

Mexican Central Ry., Ltd. (Map.) 916

Mexican International RR 922

Mexican National Construction Co 1430

Mexican National RR 925

Mexican National Ry. Co. (Limited) 928

Mexican Northern Ry 929

Mexican Ry. Co. (Limited) 931J '

Mexican Southern Ry. (Limited) 930

Mexican Telegraph Co., The 1158

Mexico, Cuernavaca and Pacific Ry 933

Mexico, Railroads in 91 3

Miami Valley Ry 1077

Michigan Air Line RR. [M. C.] 53'J

Michigan Air Line Ry. [G. T.] 894

Michigan Central RR 528

Michigan, Map of . . .(See Table of Contents.)
Michigan, Midland and Canada RR.

[M. C.] 532

Michigan, State Debt of 1232

Michigan, Street Rys. in 100S

Michigan Traction Co 1011

Michoacan and Pacific Ry 934.

Middleburg and Scoharie RR 76

Middlesborough RR. [L. & N.] 522

Middlesex County, Mass., Debt of 1215

Middlesex Ry. [L. V.] 503

Middlesex Valley RR. [L. V.] 503

Middle Street Sullivan Island Ry 1114

Middle Tennessee & Ala. RR. [L. & N.]. 523
Middleton, Highspire and Steelton Ry.

[H. Tr. Co.] 1089

Middletown and Cincinnati RR 136

Middletown and Crawford RR. [Erie]. . 450
Middletown and Hummelstown RR.

[Reading] 727

Middletown and Portland Street Ry 950

Middletown, Conn., Debt of 1195

Middletown-Go.^hen Traction Co , . 1056

Middletown, Unionville and Water Gap

RR. [N. Y..S.&W.] 42, 1388

8^~ Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1890, to June 30, 1893, pp. 129O to 1315,
to the table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460,

GENERAL

83

Midland Terminal Ry 1431

Midvale, Swainsboro and Red Bluff RR. 1431

Mil ford and Hopedale Street Ry 998

Milford and Woonsocket RR. [N. Y., N.

H. & H.] 590

Milford, Franklin and Providence RR.

[N. Y.( N. H. & H.] 590

Milford, Holliston and Framingham

Street Ry 998

Military Post Street Ry 1120.

Mill Creek and Mine Hill RR. [Reading] 723
Mill Creek Flume and Manufacturing

Co. [0. RR. & N. Co.] 259

Mill Creek Valley Street RR 1077

Millen and Southwestern RR 170

Millstone and New Brunswick RR. [P.

RR.] 631

Millvale, Etna and Sharpsburg Passen-
ger Ry. [Consol. Tr.] 1086

Millvale Passenger Ry. and the Forty-
third St. and Bloomfield Paesenger Ry. 1091
Mill Valley and Mt. Tamalpais Scenic

Ry 269

Millville Traction Co . 1026

Milwaukee and Lake Winnebago RR.

[W. C. Lines] 818

Milwaukee and Superior Ry 136

Milwaukee, Bay View and Chicago RR.

[C. L. S. &E.] 94

Milwaukee, Benton Harbor and Colum-
bus Ry 858

Milwaukee Elec. Ry. & Light Co.. .1127, 1161
Milwaukee, Racine & Kenosha Elec. Ry. 1127

Milwaukee, Wis., Debt of 1287

Minden RR 188, 1388

Mine Hill and Schuylkill Haven RR.

[Reading] 723

Mineral Range RR 858

Mineral Ridge and Niles Electric Ry. . . 1077
Minneapolis & Duluth RR. [St. P. & D.] 248

Minneapolis and St. Louis RR 242

Minneapolis Eastern Ry 252

Minneapolis, Minn., Debt of 1236

Minneapolis, New Ulm and Southwest-
ern RR. [M. & St. L.] 245

Minneapolis, St. Paul and Sault Ste.

Marie Ry. [C. P.] 881

Minneapolis Union Ry. [Q. N.] 468

Minneapolis Western Ry. [G. N.] 469

Minnesota and Wisconsin RR 136

Minnesota Belt Line Ry. & Transfer Co. 252
Minnesota, Map of . . .(See Table of Contents.}
Minnesota, State Debt of . . . 1234

Minnesota, Street Rys. in 1012

Minnesota Transfer Ry. 252

Mississippi and Lafourche Ry. 188

Mississippi, Map of. . .(See Table of Contents.)

Mississippi River and Bonne Terre Ry. . 221

Mississippi River & Northwestern Ry. . 1460

Mississippi River Bridge [C. & A.] 360

Mississippi, State Debt of 1237

Mississippi, Street Rys. in 1014

Mississquoi Valley RR. [C. V.] 354

Mii-souri, Kansas and Texas Ry. (Map). 533

Missouri, Kansas & Texas Ry. of Texas. 538

Missouri, Map of (See Table of Contents.)

Missouri Pacific Ry. (Map) 540, 1389

Missouri RR 1017

Missouri Southern RR 221

Missouri, State Debt of 1238

Missouri, Street Rys. in 1015

Mobile, Ala., Debt of 1190

Mobile and Birmingham RR 188

Mobile and Montgomery Ry. [L. & N.]. 522

Mobile and Ohio RR. (Map) 177, 1389

Mobile County, Ala., Debt of 1189

Mobile, Jackson and Kansas City RR. . . 858

Mobile Light and RR 938

Mobile Street RR 938

Mohawk & Malone RR. [N. Y. C. & H. R.] 569

Mohnsville and Adamstown RR 76

Moline Central Street Ry 964

Moncton and Buctouche Ry 905

Monongahela City Street Ry 1091

Monongahela Connecting RR 77

Monongahela Inclined Plane Co 1091

Monongahela River RR. [B. & 0.] 320

Monon Route, Map of 201

Monroe County, N. Y., Debt of 1251

Monson RR 22

Mont Alto RR. [P. RR.] 641

Montana Central Ry. [G. N.] 469

Montana, Map of (See Table of Contents.)

Montana State, Debt of 1239

Montana, Street Rys. in ' 1020

Montauk Extension RR. [L. I.] 508

Montclair, N. J., Debt of 1247

Monterey and Mexican Gulf RR 934

Monterey and Pacific Grove Street Ry.

and Electric Power Co 941

Montfort Colonization Ry 905

Montgomery, Ala., Debt of 1100

Montgomery and Erie Ry. [Erie] 452

Montgomery and Prattville RR. [L. & N.] 522

Montgomery Belt Line Ry 858

Montgomery County, Ala., Debt of 1190

84

GENERAL INDEX

Montgomery County Passenger Ry. [S.

V. Tr. Co.] 1097

Montgomery Street Ry 938

Montgomery Suburban Street Ry 938

Montgomery Terminal Co. [G. & A.]. . . 147

Montour RR 77

Montpelier and Wells River RR 22

Montreal and Atlantic Ry. [C. P.] 878

Montreal & Lake Maskinonge' Ry. [C. P.] 875

Montreal and Ottawa Ry. [C. P.] 876

Montreal and Province Line Ry. [C. V.] 354
Montreal & Vermont Junction Ry. [C. V.] 354

Montreal and Western RR. [C. P.] 876

Montreal Park and Island Ry 1130

Montreal Street Ry 1130

Montrose Ry. [L. V.] 503

Moore County RR 170

Moore County and Western RR 858

Moosic Mountain and Carbondale RR.

[Erie] 450

Morgan's Louisiana and Texas RR. and

SS. Co. [S. P. Co.] 780

Morris and Essex Extension RR. [D.,

L. & W.] 434

Morris and Essex RR. [D., L. & W.]. . . 434
Morris Canal and Banking Co. [L. V.]. . 505

Morris County RR 77

Morristown and Cumberland Gap RR. . 189

Moshassuck Valley RR 22

Moss Point and Pascagoula RR 189

Motor Line Improvement Co. [D. St. Ry.] 1013
Monndsville, Ben wood & Wheeling Ry. 1126
Mount Carbon and Port Carbon RR.

[Reading] '. 723

Mount Carmel & Natalie RR. [Reading] 727
Mount Clemens & Lakeside Traction Co. 1011
Mount Qilead Short Line RR. [C., C., C.

&St. L.] 418

Mount Holly, Lumberton and Medford

RR. [P. RR.] 631

Mount Holly Street Ry 1026

Mount Hope Mineral RR 77

Mount Jewett, Clemiont and Northern

RR 77

Mount Jewett, Einzua and Riterville RR. 77
Mount Oliver Incline Ry. [P. & B. Tr.

Co.] 1094

PAGE

Mount Penn Gravity RR 78

Mount Pleasant and Broad Ford RR. [B.

&O.] 317

Mount Pleasant and Latrobe RR 78

Mount Tom RR. [Holyoke St. Ry.] 996

Mount Vernon Electric Ry 1077

Mount Vernon, N. T., Debt of 1254

Mount Washington Ry 23

Mousam River RR 983

Muhlenburg County, Ky., Debt of 1208

Mulberry St. Pass. Ry. [T. Tr. Co.] 1031

Muncie Belt RR 1459

Munising Ry 859

Muscatine Electric Ry 974

Muekegon, Grand Rapids and Ind. RR.

[P. Co.] 687, 13t9

Muskegon, Mich., Debt of 12S4

Muskegon Street Ry 1011

Muskingum Co., O., Debt of 1263

Mystic Valley Street Ry 998

N

Nakusp and Slocan Ry. [C. P.] 876

Nantasket Beach RR. [N. Y. , N. H. & H.] 584
Nantaeket Electric St. Ry. [Hingham St.] 996
Nanticoke Street Ry. [W. & W. V. Tr.

Co.] 1112

Nantucket Central RR 2 !

Narragansett Pier RR 23

Nashua, Acton & Boston RR. [B. & M.]. 330

Nashua and Lowell RR. [B. & M.] 337

Nashua, N. H., Debt of 1243

Nashua Street Ry 1023

Nashville and DecaturRR. [L.&K] 522, 1389

Nashville and Knoxville RR 189

Nashville and Suburban Ry 1116

Nashville, Chattanooga and St. Louis

Ry. (Map).... 524

Nashville, Florence and Sheffield Ry.

[L. & N.].., 523

Nashville Street Ry 1116

Nashville, Tellico& Charleston Ry. 189, 1389

Nashville, Tenn., Debt of 1277

Nassau Electric Ry 1056, 1389

Natches Pass RR 269

13?" Reference aliould also be made to the table of Dividend* paid by Rail-
road and otber Corporations, Jan. 1, 1890, to June 30, 1898, pp. 1290 to 1315,
to tbe table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

85

Natchez, Columbia and Mobile RR 859

Natchez, Red River and Texas RR 189

Natchez Street RR 1015

Natchitoches and Red River Valley Ry. 189

Natick and Cochituate Street Ry 998

National City and Otay Ry 269

National Docks Ry 78

National Lead Co 1158

National Linseed Oil Co 1159

National Ry., St. Louis, Mo 1017

National Rice Milling Co 1159

National Starch Manufacturing Co. ... ll.~>9
Naugatuck RR. [N. T., N. H. & H.].. . 584

Nebraska City Street Ry 1021

Nebraska, Map of (See Table of Contents.)

Nebraska, State Debt of 1240

Nebraska, Street Rys. in 1021

Negaunee and Ishpeming Street Ry. and

Electric Co 1011

Nelson and Fort Sheppard RR 906

Nescopec RR. [P. RR.] 631

Nesquehoning Valley RR. [C. RR. of

N. J.] 352

Nevada-California-Oregon Ry 270

Nevada Central RR 270

Nevada County Narrow Gauge RR 270

Nevada, Map of (See Table of Contents.)

Nevada, State Debt of 1242

Neversink Mountain RR 1092

New Albany Belt and Terminal RR . . . 859

New Albany Ry 972

Newark and Blooinfield RR. [D. ,L.& W.] 434

Newark and Hudson RR. [Erie] 450

Newark Bay Ry. [L. V.] 504

Newark, N. J., Debt of 1247

Newark Consolidated Electric Ry., New-
ark, O 1077

Newark Passenger Ry. [No. J. St.] 1028

Newark Plank Road Co. [No. J. St.]. . . . 1029
Newark, Somerset and Straitsville ER.

[B. &O.] 316

New Bedford, Mass., Debt of 1228

New Boston RR. [B. &M.] 339

New Britain, Conn., Debt of 1196

New Brunswick and Canada Ry. [C. P.]. 877
New Brunswick and Prince Edward

Island Ry 906

New Brunswick City Ry. [B. Trac.] 1025

New Brunswick, N. J., Debt of 1248

New Brunswick Ry. [C. P.] 877

Newbnrgh and Orange Lake RR. [N. El.

%.] 1058

Newburgh, Dutchess & Connecticut RR. 78

Newburgh Electric Ry 1058

Newburgh, N. Y., Debt of 1254

Newburyport and Amesbury Horse RR. 999

Newburyport, Mass., Debt of 1228

Newburyport, RR. [B. & M.] 340

New Castle & Beaver Valley RR. [P. Co.] 665

New Castle and Butler Ry 79

New Castle & Shenango Val. RR. [Erie]. . 452

New Castle County, Del., Debt of 1197

New Castle Traction C<> 1092

New England and Savannah SS. Co. [C.

ofG.] 347

New England RR., The [N. T., N. H.

& H.] 587,

New England Street Ry 950

NewEngland Telephone & Telegraph Co. 1159

New Glasgow Electric Co. (Limited) 1130

New Hampshire, Map of.(SeeTable of Contents.)

New Hampshire, State Debt of 1242

New Hampshire, Street Rys. in 1022

New Hanover Transit RR 170

New Haven and Centreville Street Ry.

[F. H. & W.] 948

New Haven and Derby RR. [N. Y., N.

H. & H.] 585

New Haven and Dunbar RR 79

New Haven and Northampton RR. [N.

Y., N. H.&H.J 585

New Haven, Conn. , Debt of 1196

New Haven Street Ry 951

New Jersey and New York RR. [Erie] . . 451
New Jersey and New York Extension

RR. [Erie] 452

New Jersey Electric Ry 1026

New Jersey Junction RR. [N. Y. C. &

H. R.] 569

New Jersey, Map of. .(See Table of Contents.)

New Jersey, State Debt of 1244

New Jersey Street Rys. in 1023

New Jersey Traction Co. [No. J. St.]. . . 1028

New London, Coon., Debt of 1196

New London Northern RR. [C. V.] .... 354

New London Street Ry 951

New Mexican RR. [Atchison] 275

New Mexico & Arizona RR. [A.,T.& S.F.] 276
New Mexico and Southern Pacific RR.

[A., T. & S. F.] 275

New Mexico, Map of.. (See Table of Contents.)

New Mexico Territory, Debt of 1249

New Orleans and Carrolltou RR 980

New Orleans and Mobile RR. [L. & N.]. 522
New Orleans and Northeastern RR. [Q.

&C.] 707, 1444

86

GENERAL INDEX.

New Orleans and Northwestern Ry 189

New Orleans and Western RR 190

New Orleans City and Lake RR. [N. O.

Tr. Co.] 981

New Orleans, Fort Jackson and Grand

Isle RR 190

New Orleans, La., Debt of 1210

New Orleans Traction Co. (Limited) 980

Newport & Cincinnati Bridge Co. [P.Co.] 677

Newport and Richford RR. [B. & M.]. . . 340

Newport and Sherman's Valley RR 79

Newport and Wickford RR. (and Steam-
boat Co.) 23

Newport, Ky., Debt of 1209

Newport News Shipbuilding and Dry

Dock Co 1159

Newpoit, R. I., Debt of 1273

Newport Street Ry., Newport, R. I 1113

Newton and Boston Street Ry 999

Newton, Mass., Debt of 1228

Newton Street Ry 999

Newtown, Langhorne and Bristol Trolley

Street Ry 1092

Newtonville and Watertown Street Ry.

[N. & B.] 999

New Whatcom, Wash., Debt of 1285

New York and Canada RR. [D. & H. C.] 428

New York and Coney Island RR. [L. I.] 510

New York & Greenwood Lake Ry. [Erie] 451
New York and Harlem RR. [N. Y. C. &

H. R.] 570

New York and Harlem RR. City Line

[Met. St. Ry.] 1054

New York and Long Branch RR. [C.

RR. of N. J.] 351

New York and Mahopac RR. [N. Y. C.

& H. R.] 570

New York & New Jersey Telephone Co. 1160
New York and Northern Pennsylvania

RR. [A. & P.] 60

New York and Ontario Land Co 1160

New York and Ottawa RR 859

New York and Pennsylvania RR 79

New York & Philadelphia Traction Co. 1027
New York and Putnam RR. [N. Y. C.

& H. R.] 570

New York and Queen's County RR 1058

New York & Rockaway Beach Ry. [L. I.] 509
New York and Rockaway RR. [L. I.]. . . 508
New York Bay Extension RR. [L. I.].. . 508

New York Bay RR. [P. RR.] 631

New York, Brooklyn and Manhattan

Beach Ry. [L. I.] 508

New York Central and Hudson River

RR. (Map) 562

New York Central, Hudson River and

Fort Orange RR 79

New York Central Niagara River RR. . 575
New York, Chicago and St. Louis RR.

[L. S. & M. S.] 492, 1389

New York, Lacka wanna and Western

Ry. [D., L. & W.] 434

New York, Lake Erie and Western Coal

and RR. Co. [Erie] 450

New York, Lake Erie and Western Docks

and Improvement Co. [Erie] 450

New York, New Haven & Hartford RR. 577

New York, N. Y., Debt of 1255, 1289

New York, Street Rys. in 1031

New York, Ontario and Western Ry. 37, 1389
New York, Philadelphia & Norfolk RR. 150
New York State, Map of .(See Table of Contents. )

New York, State Debt of 1250

New York, Susquehanna and Western

RR 40, 1389

New York, Texas and Mexican Ry. [S.

P. Co.] 782, 1450

New Westminster and Vancouver Tram-
way Co. (Ltd.) 1130

Niagara Falls and Lewiston RR 1059

Niagara Falls & Suspension Bridge Ry. 1059
Niagara Falls Branch RR. [N. Y. C. &

H. R.] 571

Niagara Falls, N. Y. , Debt of 1258

Niagara Falls Park and River (Electric)

Ry 1130

Niagara Falls Power Co 1161

Niagara Falls, Wesley Park and Clifton

Tramway Co 1130

Niagara Falls, Whirlpool and Northern

Ry. [N. F. & S. Br.] 1059

Niagara Junction Ry 80

Ninth Avenue RR. [Met. St.] 1054

Nittany Valley RR 80

^^ Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 189O, to June 30, 1898, pp. 1290 to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

87

Spencer Trask & Co

BANKERS,

27 & 29 Pine Street, New York.

State and James Streets, Albany.

PRIVATE WIRE TO ALBANY, N. K

MEMBERS

New York Stock Exchange.

Dealers in
Railroad and Municipal Bonds.

INVESTMENT SECURITIES.

88

AUGUST BELMONT & CO

Wo. 33 Wassan St., New York.

AGENTS AND CORRESPONDENTS OF THE

Messrs. ROTHSCHILD,

LONDON, PARIS, FRANKFORT, AND VIENNA.

I Pttprc nf Prprtit fnr
LtmoliJ 01 ultmll lUi

AVAILABLE IN ALL PARTS OF THE WORLD.

Draw Bills of Exchange, and make Telegraphic

Transfers to Europe, West Indies,

Mexico, and California.

Execute Orders for the Purchase and Sale of Investment Securities.

GENEEAL INDEX.

89

Norfolk & Carolina RR. [A. C. Line] 288, 1400

Norfolk aud Ocean View Ry 1121

Norfolk and Portsmouth Belt Line RR-.. 859

Norfolk and Southern RR 151

Norfolk and Western Ry 591, 1390

Norfolk Central St. Ry., Boston, Mass.. 1000

Norfolk Street RR., Norfolk, Va 1121

Norfolk Suburban St. Ry., Boston, Mass. 1000

Norfolk, Va., Debt of 1283

Norfolk, Virginia Beach & Southern RR. 170

Norristown Junction RR. [Reading] 723

Norristown Passenger Ry. [S. V. Tr. Co.] 1097

Norvh Adams, Mass., Debt of 1229

STorth American Co. , The 1161

Northampton and Hertford RR 171

Northampton, Mass., Debt of 1229

Northampton Street Ry 1000

North and West Branch Ry. [P. RR.]. . 631

North Bend and Kettle Creek RR 80

North Birmingham RR. [B. Tr. Co.]... 937

North Brookfield RR. [B. & A.] 7

North Carolina, Map of. (See Table of Contents.)

North Carolina RR. [S. Ry.] 798

North Carolina, State Debt of 1261

North Carolina, Street Eys. iu 1070

North Central Michigan RR. [L. S. & M.

S.] 488

North Chattanooga Street Car Co. [Sig.

Mtn. Ry.] 1116

North Chicago City Ry. [N. C. St.] 965

North Chicago Electric Ry 964

North Chicago Street RR 964

North Dakota, Map of. .(See Table of Contents.)

North Dakota, State Debt of 1261

North Dallas Circuit Ry 1119

North East Electric Ry., St. Louis, Mo. 1016

North Eastern RR. of Georgia 171

North Eastern (S. C.) RR. [A. C. Line]. 289

North East Pennsylvania RR. [Reading] 728

North End Street Ry. [W. Tr. Co.]. . . . 1007

Northern Alabama Ry 190

Northern California Ry. [S. P. Co.] .... 773

Northern Central Ry. [P. RR.] . . 642

Northern Coal and Iron Co. [D. & H. C.] 426

Northern Electric Ry., Chicago, 111 965

Northern Indiana RR 137

Northern (N. H.) RR. [B. & M.] 340

Northern Ohio Ry. [L. E. & W.] 836

Northern Pacific Ry 595, 1390

Northern Pacific Terminal Co. of Oregon 1161

Northern Passenger Ry. [U. Tr. Co.]. . . 1103

•Northern RR. of New Jersey [Erie]. . . . 451

Northern Ry. and Improvement Co 1123

Northern Ry. of California [S. P. Co.]. 773

North Hudson County Ry 1027

North Jersey Street Ry 1027

North Kankakee Electric Light and Ry. 965

North Mount Vernon Ry 1059

North Pacific Coast RR 255

North Park Street Ry. [C. St.] 1009

North Pennsylvania RR. [Reading]. . . . 723

North Shore Branch [L. I.] 508

North Shore Traction Co 1000

North Side Electric Ry., Chicago, 111.

[N. C. St.] 965

North Side Trac. Co. [U. T. Co. of Pitts.] 1108

Northwestern Coal Ry 137

Northwestern Telephone Exchange Co.

(Map.). [E. T. & T. Co.] , . . 1151

North Vernon aud Vernon Street RR. . 972

North Woburn Street RR 1002

Norwalk, Conn. , Debt of 1196

Norwalk Street Ry 951

Norwalk Tramway Co 952

Norway and Paris Street Ry 983

Norway Branch RR. [GK T.] 890

Norwich and Worcester RR. [N. Y., N.

H. & H.] 590

Norwich, Conn. , Debt of 1196

Norwich Street Ry 952

Norwood, O., Debt of 1266

Nosbonsing and Nipissing Ry 906

Nova Scotia Steel Co.'s Ry 906

Nyack and Northern RR. [Erie] 451

Nypano RR. [Erie] 450

Oakland, Cal., Debt of 1192

Oakland Consolidated Street Ry 942

Oakland RR 941

Oakland Ry., Birmingham, "Mich 1011

Oakland, San Leandro and Hayward's

Electric Ry., Consolidated 941

Oakwood Street Ry 1077

Oberlin and La Grange Ry 137

Ocean City Electric RR 1029

Oconee and Western RR 171

Ogden and Hot Spri ngs Ry 270

Ogden Electric Ry 1119

Ogden Mine RR. [C. RR. of N. J.j 351

Ogden St. Ry. [W. C. St.] 969

Ogden, Utah, Debt of 1280

Ogdensburg & Lake Charnplain RR. 80, 1390
Ogdensburg Street Ry 1059

90

GENERAL INDEX.

Ogemaw and Northwestern Ry 1437

Ohio & Baltimore Short Line Ry. [B.&O.] 316

Ohio and Big Sandy Ry. [C. & O.] 359

Ohio Central Lines, Map of 807

Ohio Connecting Ry. [P. Co.] 675

Ohio Falls Car Manufacturing Co., The. 1390

Ohio, Map of (See Table of Contents.)

Ohio River and Charleston Ry 171, 1390

Ohio River and Charleston Ry. of Ken-
tucky [O. R. &C.] 171

Ohio River and Lake Erie RR 137

Ohio River RR 152, 1390

Ohio Southern RR., The 115

Ohio, State Debt of 1261

Ohio, Street Rys. in 1070

Ohio Valley Ry. [I. C.] 480

Oil City and Ridgway Ry. (and Mining). 1460

Oil City Street Ry 1092

Oklahoma Territory, Debt of 1268

Old Colony RR. [N. Y., N. H. & H.]. . . . 585
Olean, Bradford and Warren Ry. [W.

N. Y. &P.J 58

Olean, Bradford and Warren RR. [W.

N. Y. & P.] 58

Olean Street Ry 1060

Olympia Light and Power Co 1123

Omaha and Council Bluffs Ry. and

Bridge Co 1021

Omaha and Republican Valley Ry. [U.P.] 848

Omaha and St. Louis RR 841

Omaha Bridge and Terminal Ry 253

Omaha, Kansas City and Eastern Ry. . . 840

Omaha, Neb., Debt of 1241

Omaha Street Ry 1022

Oneida Ry 1060

Oneonta Street Ry 1060

Ontario and Quebec Ry. [C. P.] 876

Ontario and San Antonio Heights Ry. . . 941

Ontario,, Belmont and Northern Ry 899

Ontario, Carbondale and Scranton Ry.

[N. Y., 0. & W.] 39

Opelika and Auburn Electric Ry 938

Orange and Passaic Valley RR. [Sub.

Tr. Co.] 1030

Orangeburg City Street Ry 1114

Orange, Call and Pine Belt Ry 860

Orange County RR. [L. & H. R.] 37

Orange Grove Street RR 942

Orange Mountain Traction Co 1029

Orange. ST. J., Debt of 1248

Oregon and California RR. [S. P. Co.]. . 779

Oregon and Texas Ry 81

Oregon, Map of (See Table of Contents.)

Oregon RR. and Navigation Co., The . . 256

Oregon Short Line RR 849

Oregon, State Debt of 1268

Oregon, Street Rys. in 1080

Orford Mountain Ry 906

Orleans RR 981

Oshawa Ry 1131

Oshkosh Transportation Co 137

Oshkosh, Wis., Debt of 1288

Oskaloosa Street Ry. and Land Co 974

Ossining Electric Ry 1060

Oswego & Rome RR. [N. Y. C. & H. R.] 571
Oswego and Syracuse RR. [D., L. & W.] 434

Oswego, N. Y., Debt of 1258

Otis Elevating Ry 81

Otoe County, Neb. , Debt of 1240

Ottawa and Qa.ineau Ry 906

Ottawa, Arnprior and Parry Sound Ry.

[C. A.] ' 867

Ottawa Electric Ry., Ottawa, Ont 1131

Ottawa Street Ry. , Ottawa, 111 965

Ottumwa Electric Ry 974

Owasco River RR 81

Owensboro and Nashville Ry. [L. & N.]. 522

Owensboro City RR 979

O wosso and Corunna Electric Co 101 1

Oxford Lake Line.. 938

Pacific Coast Co 1164

Pacific Coast Ry 1165, 1438

Pacific Coast Steamship Co 1166

Pacific Lumber Co.'s RR 1460

Pacific Mail Steamship Co 1166

Paducah Street Ry : . 979

Paducah Union Depot Co 860

Painesville, Fairport & Richmond St. Ry. 1077

Pajaro Valley RR 270

Palatka and Heights Street Ry 956

V3T" Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1S9O, to June 3O, 1898, pp. 129O to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Official* (corrected
to Aug. 8, 1898) oil pp. 1397 to 1400.

91

J. P. MORGAN & CO.,

DOMESTIC AND FOREIGN BANKERS,
Cor. of Wall and Broad Streets, NEW YORK.

DREXEL & CO., MORGAN, HARJES & CO.,

PHILADELPHIA. PARIS.

AGENTS AND ATTORNEYS OF

Messrs. J. S. MORGAN & CO., London.

DRAW EXCHANGE AT CUSTOMARY USANCES.

ISSUE COMMERCIAL AND TRAVELERS' CREDITS.

92

GENERAL INDEX.

PAGE

Palisades RR. [No. H. Co. Ry.] 1027

Palmetto RR. [S. A. Line] 743

Panama RR 935

Paragould Southeastern Ry 222

Paris Ry 1119

Park City Ry 979

Parkersburg Branch RR. [B. & O.] 317

Parry Sound Colonization Ry. [C. A.]. . 867

Pasadena and Mount Wilson Ry 942

Pasadena and Pacific Ry 942

Passaic and Delaware RR. [D., L. & W.] 434
Passaic and Delaware Extension RR.

[D., L. & W.] 434

Passaic and Newark Electric Traction

Co. [No. J. St.] 1029

Passaic & New York RR. [N. Y. S. & W.] 42

Passaic County, N. J., Debt of 1244

Passaic, N. J., Debt of 1248

Passenger and Belt Ry. [B. L. Elec. Co.] 977
Paterson and Hudson River RR. [Erie]. 452

Paterson and Rarnapo RR. [Erie] 452

Paterson Cent. Elec. Ry 1029

Paterson Horse RR 1029

Paterson, N. J., Debt of 1248

Paterson, Newark & New York RR. [E i ie] 450
Paterson, Passaic and Rutherford Elec-
tric Ry. [N. J. EL] 1028

Paterson Ry 1029

Patt en and Sherman RR 23

Patterson Heights Street Ry 1092

Pavonia Horse RR. [No. H. Co. Ry.] . . . 1027

Pawcatuck Valley Street Ry 1113

Pawnee RR 137

Pawtucket, R. L, Debt of 1273

Paw tucket Street Ry. [U. T. & El. Co.]. 1113
Pawtuxet Valley Electric Street Ry. [U.

T. & El. Co.] 1113

Pawtuxet Valley RR, [N. Y., N. H. & H.] 586

Peace River Phosphate Mining Co 1460

Pecksport Connect, Ry. [N. Y., 0. & W.] 39

Pecos Valley and Northeastern Ry 860

Pelham Park RR 1060

Pemberton and Hightstown RR 81

Pemigewasset Valley RR. [B. & M.] 339

Peninsular Ry : 1439

Pennsboro' and Harrisville, Ritchie Co.
Ry 171

Penn St. Pass. Ry. [Consol.Tr.Co.,Pitts.] 1086
Pennsylvania and New York Canal and

RR. [L. V.] , 504

Pennsylvania and Northwestern RR. ... 43

Pennsylvania Company. (Map). : 654

Pennsylvania RR. Division [D. & H. C.] 426
Pennsylvania, Map of. (See Table of Contents.)

Pennsylvania Midland RR 82

Pennsylvania Motor Co. [Easton Tran.

Co.]... 1087

Pennsylvania RR. (Map) 604

Pennsylvania Schuylkill Valley RR. [P.

RR.] 631

Pennsylvania, State Debt of 1268

Pennsylvania, Street Rys. in 1082

Pennsylvania Traction Co 1092

Pensacola, Alabama and Tenne.-see RR. 172

Pensacola and Andalusia RR 1460

Pensacola and Perdido RR. [P., A. & T.] 172

Pensacola Electric Terminal Ry 956

People's Electric Ry., Sandusky, 0 1077

People's Electric Street Ry., Rochester,

Pa 1093

People's Gas Light and Coke Co 1162

People's Passenger Ry. [U. Tr. Co.] 1102

People's RR., St. Louis, Mo 1018

People's Ry., Dayton, 0 1077

People's Ry., Paducah, Ky 979

People's Ry., Potts ville, Pa 81

People's Street Ry., Centreville, la 975

People's Street RR., Chillicothe, 111 966

People's Street Ry., Groveland, Mass.. . 1002
People's Street Ry. of Nanticoke and

Newport 1093

People's Street Ry. and Improvement

Co., New Decatur, Ala 938

People's Traction Co. of Phila.[U.Tr.Co.] 1102
Peoria and Bureau Valley RR. [C., R. I.

& P.] 405

Peoria and Eastern RR. [C.,C.,C.& St.L.] 418

Peoria and Pekin Union Ry 137

Peoria and St. Louis Ry 138

Peoria, Decatur and Evansville Ry.117, 1390

Peoria, 111., Debt of 1202

Peoria Terminal Rj 1119

Perkiomen RR. [Reading] 728

Perry County RR 81

83f" Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1S90, to June 3O, 1898, pp. 129O to 1315,
to the table of Annual meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

93

High-Grade Investment Securities

SUITABLE FOR

TRUSTEES, INSTITUTIONS

and PRIVATE INVESTORS

FOR SALE BY

REDMOND, KERR & Co.

LIST OF CURRENT OFFERINGS
SENT UPON APPLICATION * *

41 WALL STREET, NEW YORK

94

GENERAL INDEX.

Perry RR. [B., R. & P.] 34

Perth Amboy and Raritan Ry. [L. Vy.]. 504
Perth Amboy and Woodbridge RR. [P.

RR.] 631

Perth Amboy, N. J., Debt of 1249, 1390

Peterborough and Ashburnham Street

Ry. (Ltd.) 1131

Peterborough and Hillsborough RR. [B.

&M.] 340

Peterborough RR. [B. & M.] 337

Petersburg & Western 11R. [A. C. Line] 291

Petersburg Electric Ry 1121

Petersburg RR. [A. C. Line] 290, 1399

Petersburg, Va., Debt of 1283

Philadelphia and Baltimore Central RR.

[P. RR.] 651'

Philadelphia and Beach Haven RR. [P.

RR.] 631

Philadelphia and Bristol Pass Ry 1093

Philadelphia and Chester Branch RR.

[Reading] 723

Philadelphia and Chester Valley RR. .

[Reading] 729

Philadelphia & Darby Ry. [U. Tr. Co.]. 1104
Philadelphia & Dela. Co. RR. [P. RR.]. 651

Philadelphia and Erie RRr [P. RR.J 631

Philadelphia & Frankford RR. [Reading] 729
Philadelphia and Gray's Ferry Pass. Ry.

[U. Tr. Co.] 1104

Philadelphia and Long Branch RR. [P.

RR.] 632

Philadelphia and Reading RR 714

Philadelphia and Reading Coal and Iron

Co. [Reading] 713

Philadelphia and Reading Terminal RR.

[Reading] 723

Philadelphia and Trenton RR. [P. RR.] 632
Philadelphia & West Chester Trac. Co. 1093

Philadelphia Belt, Line RR 82

Philadelphia, Bustleton and Trenton RR.

[P. RR.] 633

Philadelphia, Cheltenham and Jenkin-

tovvn Passenger Ry. [U. Tr. Co.] 1103

Philadelphia City Pass. Ry. [U. Tr. Co.] 1104

Philadelphia Company, The 1107

Phila , Germantown and Chestnut Hill

Kit. [P. RR.] 633

Phila., Germantown and Norristown RR.

[Reading] 723

Phila., Harrisburg and Pittsburgh RR.

[Reading] 723

Phila., Newtown and New York RR.

[Reading] 730

Philadelphia, Pa., Debt of 1271

Philadelphia, Reading and New Eng-
land RR 44, 1390

Philadelphia Traction Co. [U. Tr. Co.]. 1103
Phila., Wilmington and Baltimore RR.

[P. RR.] 646

Phillipsburg Horse Car RR 1030

Phillipsburg Ry. and Quarry Co 907

Phillips and Rangeley RR 23

Phoenix City Ry 939

Pickering Valley RR. [Reading] 723

Piedmont and Cumberland Ry. [W. V.

C. &P.].. 158

Piedmont and Mountain View Ry 943

Pierce County, Wash., Debt of 1285

Pierre City RR 1114

Pine Bluff Arkansas River Ry 860

Pine Bluff Power and Transit Co 939

Pine Creek Ry. [F. B.] 454

Piqua & Troy Branch RR. [C. H. & D.]. 410

Piqua, 0., Debt of 1267

Pitkin County, Col., Debt of 1193

Pittsboro' RR. [S. A. Line] 743

Pittsburgh, Allegheny and Manchester

Pass. Ry. [U. Tr. Co. of Pitlsb.]. . .'.. 1108
Pittsburgh, Allegheny and Manchester

Traction Co. [U. Tr. Co. of Pittsb.]. .1108
Pittsburgh and Birmingham Passenger

Ry. [P. & B. Tr. Co.] 1094

Pittsburgh £ Birmingham Trad ion Co. 1093

Pittsburgh and Castle Shannon RR 82

Pittsburgh & Connellsville RR. [B. & O.] 3i7

Pittsburgh and Eastern RR 82

Pittsburgh and Lake Erie RR 45

Pittsburgh and Moon Run RR 82

Pittsburgh and Northern Ry. [B. & O.]. 324

Pittsburgh and Western Ry. [B. & O.]. . 321
Pittsburgh and West End Passenger Ry.

[W. E. Tr. Co.] 1110

Pittsburgh, Bessemer and Lake Erie RR.

(Map) , 48, 1391

tW" Reference should, also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 189O, to June 30, 1898, pp. 1290 to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 14«0.

GENERAL INDEX.

95

Pittsburgh, Cliartiers and Youghiogheny

Ry. [P. Co.] G82

Pittsburgh, Cincinnati, Chicago and St.

Louis Ry. [P. Co.] 671, 1441

Pittsburgh, Cleveland and Toledo RR.

[B. & O.] 323

Pittsburgh, Crafton and Mansfield Street

Ry. [W. E. Tr. Co.] 1111

Pittsburgh, Fort Wayne and Chicago

Ry. [P. Co.] 663

Pittsburgh, Frontenac and Suburban

Electric Ry 976

Pittsburgh Incline Plane [P. &B.Tr. Co.] 1094

Pittsburgh June. RR. [B. & 0.] 328

Pittsburgh, Lisbon and Western RR... 138
Pittsburgh, McKeesport and Youghio-
gheny RR. [P. & L. E.] 47

Pittsburgh, Neville Island and Cora-

opolis Pass Ry. [W. E. Tr. Co.] 1111

Pittsburgh, Oakland and East Liberty

Pass. Ry. [Consol. Tr. Co. Pittsb.]... 1086
Pittsburgh, Ohio Valley & Cincinnati RR. 670
Pittsburgh, Painesville andFairport RR.

[B. &0.] 324

Pittsburgh, Pa., Debt of 1272

Pittsburgh Traction Co. [Consol. Tr. Co.,

Pittsb.] 1086

Pittsburgh Union Pass. Ry. [U. Tr. Co.

of P.] 1108

Pittsburgh, Virginia and Charleston Ry.

[P. RR.] 633

Pittsburgh, Wheeling' and Kentucky

RR. [P. Co.] 675

Pittsburgh, Youngstown and Ashtabula

RR. [P. Co.] 668

Pittsfield & North Adams RR. [B. & A.] 7

Pittsfield Electric Street Ry 1002

Pittsfield, Mass., Debt of 1229

Pittsford and Rutland RR. [C. & P.]. ... 20
Pittston, Moosic and Pleasant Valley Ry.

[W. & W. V. Tr. Co.] *..... 1112

Pittston Street Car Co. [W. & W. V. Tr.

Co.] 1112

Pittstown Branch Ry. [L. V.] 504

Plainfield Street Ry 1030

Plant System 691

Plattsburgh and Dannemora RR. [Cha-

teaugay] 66

Plattsburgh Traction Co 1061

P. Lorillard Co., The 1167

Plymouth and Kingston St. Ry 1003

Plymouth and Middleborough RR. [N.

Y., N. H. &H.] 586

Plymouth Bridge Co. [W. & W. V. Tr.

Co.] H12

Plymouth RR. [Reading] 723

Plymouth Street RR. [W. & W. V. Tr.

Co.] 1112

Pocahontas Coal Co. [N. & W.] 594

Pomeroy and Newark RR. [P. RR.] 633

Pontchartrain RR. [L. & N.] 522

Pontiac and Renfrew Ry 907

Pontiac and Sylvan Lake Electric Ry. . . 1011

Pontiac, Oxford and Northern RR 860

Pontiac Pacific Junction Ry 907

Portage Creek and Rich Valley RR 1460

Port Arthur, Duluth and Western RR. . 907
Port Arthur, Duluth & Western Ry . 907, 1391

Port Arthur Route, Map of 201

Port Dalhousie, St. Catherines and Tho-

rold Electric Street Ry. (Limited) 1131

Port Huron, Mich., Debt of 1234

Port Jervis, Monticello and New York

RR 83

Portland and Cape Elizabeth Ry 984

Portland and Ogdensburg Ry. [M. C.J. . 15

Portland and Rochester RR 15

Portland and Rumford Falls Ry 17, 1391

Portland, Me., Debt of 1211

Portland, Ore., Debt of 1268

Portland RR , Portland, Me 984

Portland Ry., Portland, Ore 1081

Portland, Saco and Portsmouth RR. [B.

& M.] 340

Portland Traction Co., Portland, Ore. . . 1081

Port Norfolk Electric Ry 1122

Port Reading RR. [Reading] 730

Portsmouth and Dover RR. [B. & M.]. . . 340

Portsmouth and Tygart Valiey RR 190

Portsmouth, N. H., Debt of 1243

Portsmouth Street RR. and Light Co. ,

Portsmouth, O 1077

Portsmouth Street Ry., Portsmouth, Va. 1122

Portsmouth, Va., Debt of 1283

Port Townsend Southern RR. [Pacific

Coast Co.] 1165, 1438

Porvenir de Matehuala RR 934

Potomac RR. [R. F. & P.] 155

Potomac Valley RR. [W. M.] 55

Potomac, Fredericksburg and Piedmont

RR 172

Pottstown Passenger Ry 1094

Pottsville and Reading Ry. [S. El. Ry.] 1096

Poughkeepsie and Eastern Ry 83

Poughkeepsie City and Wappingers

Falls Electric Ry 1061

96

GENERAL INDEX.

Pougbkeepsie, N. T., Debt of 1258

Powellton and Pocaliontas Ry 172

Prescott and Northwestern RR 222

Presidio and Ferries RR 942

Price Hill Inclined Plane Ry 1078

Prince Edward Island Ry 902

Procter and Gamble Co., The 1168

Prospect Park and Coney Island RR.

[L.I.] 510

Prospect Park and South Brooklyn RR.

[L.I.] 510

Providence and Springfield RR. [N. Y.,

N. H. & H.] 590

Providence and Worcester RR. [N. Y.,

N. H. & H.] 586

Providence Cable Tramway [U. Tr. &

El. Co.] 1114

Providence, R. I., Debt of 1273, 1391

Providence, Warren and Bristol RR. [N.

Y., N. H. & H.] 586

Providence, Webster and Springfield

RR. [B. & A.] 7

Pueblo and Arkansas Valley RR. [A., T.

&S. F.] 275

Pueblo, Col.. Debt of 1194

Pueblo County, Col., Debt of 1193

Pueblo Electric Street Ry 946

Pueblo Light and Power Co 946

Puget Sound and Gray's Harbor RR 1444

Pulaski County, Ark., Debt of 1191

Pullman's Palace Car Co 1168

Puuxsutawney Street Passenger Ry. . . . 1094

Qu'Appelle, Long Lake and Saskatche-
wan RR. & S. B. Co. [C. P.] 879

Quebec and Lake St. John Ry. (Map). . . 908

Quebec Central Ry 909

Quebec District Ry 1131

Quebec, Montmorency and Charlevoix

Ry 909, 1392

Queen and Crescent Route 701

Queen Anne's and Kent RR. [P. RR.]. . 651

Queen Anne's RR 83, 1392

Quincy and Boston Street Ry 1003

Quincy Horse Ry. and Carrying Co 966

Quincy, 111., Debt of 1202

Quincy, Mass., Debt of 1229

Quincy, Omaha and Kansas City Ry. . . . 843

Quincy RR. Bridge Co ...... 1169

Racine, Wis., Debt of 1288

Radford Street Ry 1122

Rah way Electric Street Ry 1030

Rah way, N. J., Debt of 1249

Railroad Equipment Co 1169

Railway Equipment Co. of Minn. . 1169

Railway Transfer Co. of Minneapolis. . . 253
Raleigh and Augusta Air-Line RR. [S.

A. Line] 743

Raleigh and Gaston RR. [S. A. Line]. . . 744

Raleigh and Western Ry 166

Raleigh Electric Co 1070

Ramsey County, Minn., Debt of 1235

Randolph Street .Ry. [B. St. Ry.] 990

Rapid City Street Ry 1115

Rapid Ry., The, Detroit, Mich 1011

Rapid Transit Street Ry. of City of New-
ark [No. J. St.] 1029

Raritau River RR 83

Ravenswood, Spencer and Glenville Ry.

[O. R.].. 153, 1392

Reading and Columbia RR. [Reading].. 731

Reading and Lowell Street Ry 1003

Reading and Southwestern Street Ry. . . 1095
Reading and Temple Electric Ry. [U.

Tr. Co. | 1109

Reading and Womelsdorf Electric Ry.

[U. Tr. Co.] 1109

Reading City Passenger Ry. [U. Tr. Co.] 1109

Reading Company 710

Reading Iron Co.' [Reading Co.] 724

Reading, Marietta and Hanover RR.

[Reading] 731

Reading, Pa., Debt of 1272

Reading Traction Co. [U. Tr. Co.] 1109

Realty Syndicate (The) 942

Red Cloud Street Ry 1022

Redlands Street Ry 943

E^° Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1S90, to June 30, 1898, pp. 1290 to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected

to Aug. 8, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

97

Red Mountain Ry 865, 866

Red Oak Street Ry 975

Red Springs and Bowmore RR 1444

Rensselaer and Saratoga RR. [D. & H.

C. Co.] 429

Rensselaer County; N. Y., Debt of 1251

Reynoldsville and Falls Creek RR 84

Rhinebeck and Rhinecliffe Street Sur-
face RR 1061

Rhode Island and Massachusetts RR. (in

Mass.). [N. Y., N. H. & H.] 590

Rhode Island and Massachusetts RR. (in

R. I.). [N. Y., N. H. & H.] 590

Rhode Island, Map of .(See Table of Contents.)

Rhode Island, State Debt of 1273

Rhode Island, Street Rys. in 1113

Rice Lake, Dallas and Menomonie Ry. . . 138
Richmond and Manchester Street Ry.

[R. Ry. &E1. Co.] 1122

Richmond & Mecklenburg RR. [S. Ry.] 799
Richmond and Petersburg RR. [A. C.

Line] 292, 1399

Richmond County, N. Y., Debt of 1251

Richm.,Fredericksb. & Potomac RR. 154, 1392
Richmond, Fredericksburg and Potomac,
and Richmond and Petersburg Con-
nection RR. [R. F. & P.] 155

Richmond, Nicholasville, Irvine and

Beattyville RR 1392

Richmond Ry. and Electric Co 1122

Richmond Traction Co., Richmond, Ind. 972
Richmond Traction Co., Richmond, Va. 1122

Richmond, Va., Debt of 1284

Ridge Avenue Connecting Pass. Ry. [U.

Tr. Co.] 1104

Ridge Avenue Passenger Ry. [U.Tr.Co.] 1105
Ridgway and Clearfield RR. [P. RR.]. . 633

Ringing Rocks Electric Ry. (The) 1095

Rio Grande and Eagle Pass. Ry 222

Rio Grande and El Paso RR. [A., T. &

S. F.] 275

Rio Grande and Pagosa Springs Ry 861

Rio Grande Gunnison Ry. [D.& R. G.]. . 439

Rio Grande Junction Ry 222, 1392

Rio Grande, Mexico and Pacific [A., T.

&S. F.] 275

Rio Grande Northern RR 223

Rio Grande RR 222

Rio Grande, Sierra Madre & Pacific RR. 934
Rio Grande Southern RR. [D. & R. G.]. 439

Rio Grande Western Ry., The 259

Ripley and Mill Creek Valley RR. [O.

R.] 153, 1392

7

River Front RR. [P. RR.] 633

Riverside and Arlington Street Ry. .... 943

Riverside Park Ry 975

Roanoke and Tar River RR. [S. A. Line] 746

Roanoke Street Ry 1122

Roanoke, Va. , Debt of 1284

Rochester & Genesee Valley RR. [Erie]. 452

Rochester and Irondequoit RR. [R. Ry.] 1062

Rochester and Lake Ontario Ry 84

Rochester and Pittsburgh Coal and Iron

Co. [B. R. &P.] 33

Rochester, Beaver Falls and Western

Ry. [P. Co.] 670

Rochester, Charlotte and Manitou RR . . 1062

Rochester Electric Ry. [R. Ry.] 1062

Rochester, N. Y., Debt of 1259

Rochester, -New York, and Pennsylvania

RR. [W. N. Y. &P.J. 58

Rochester Ry % 1061

Rochester Southern RR. [L. V.] 504

Rockaway Valley Ry 84

Rockaway Village RR 1061

Rockbridge, Alum and Goshen RR 172

Rockford City RR 966

Rockford Gas Light and Coke Co 1170.

Rockford, 111., Debt of 1202

Rockford Traction Co 966

Rock Island and Mercer County RR. . . . 119

Rock Island and Peoria Ry 119

Rockland and Abington Street Ry 1003

Rockland, Me., Debt of 1212

Rockland, Thomaston and Camden Street

Ry 984

Rock Port, Langdon and Northern Ry. 223

RockportRR 23

Rockport Street Ry 1004

Rockville RR. [N. Y., N. H. & H.] 590

Rock wood and Tennessee River Ry 861

Rocky Hill RR. and Transportation Co.

[P. RR.] 633

Rogue River Valley Ry 271

Rolling Mill RR. [P. Co.] 670

Rome and Clinton RR. [N. Y., 0. & W.] 39

Rome City Street Ry 1063

Rome, Watertown and Ogdensburg RR.

[N. Y. C. & H. R.] 570

Rosedale & Mississippi Central Vy. RR. . 861

RoselandRy. [Erie] 451

Roswell RR. [S. Ry.] 800

Roxborough, Chestnut Hill and Norris-

town Ry., Philadelphia, Pa 1095

Rumford Falls and Rangeley Lakes RR. 24

Rupert and Bloomsburg RR. [Reading]. 732

<J8

GENERAL INDEX.

PAGE

Rutland & Whitehall RR.[D.& H.C.Co.] 429

Rutland RR 24

Rutland Street Ry 1120

Rutland, Vt., Debt of 1281

S

Sacramento, Cal., Debt of 1192

Sacramento County, Cal., Debt of 1192

Sacramento Electric, Gas and Ry 943

Saginaw Bay & Northwest'n RR.[M. C.] 532
Saginaw Consolidated St. Ry. [U. St.

Ry.] 1012

Saginaw, Mich., Debt of 1234

Saginaw, Tuscola and Huron RR 861

St. Augustine and South Beach Ry 172

St. Catharine's and Niagara Central Ry. 909

St. Charles Street RR 981

St. Clair, Madison and St. Louis Belt RR. 1459

St. Clairsville and Northern Ry. . . 139

St. .Clair Tunnel [G. T.] 890

St. Cloud City Street Car Co 1013

St. Croix and Penobscot RR 24

St. John and Maine Ry. [C. P.] 877

St. John Bridge & Ry. Ext. Co. [C. P.]. 876

St. John's and Atlantic RR 173

St. John's and Lake Eustis RR. [Plant

System] 698

St. John Ry. (The) 1131

St. Jobnsb'y & Lake Champlain RR.18, 1392
St. Joseph and Benton Harbor Electric

Ry. and Light Co 1011

St. Joseph and Grand Island Ry....204, 1392

St. Joseph, Mo., Debt of 1239

St. Joseph, St. Louis and Santa Fe RR.

[A., T. &S. F.] 275

St. Joseph Ry., Light, Heat & Power Co. 1018

St. Joseph Terminal RR. ... 223

St. Joseph Union Depot Co 223

St. Lawrence and Adirondack Ry. [N.

Y. C. &H. R.] 575

St. Lawrence and Ottawa Ry. [C. P.]. . 877

St. Louis and Cairo RR. [M. & O.] 181

St. Louis and East St. Louis Electric Ry. 1018

St. Lo.uis and Hannibal Ry 223

St. Louis and Kirkwood RR. . . 1018

St. Louis and Meramec River RR

St. Louis and Oklahoma City RR. [St. L.

&S. P.]

St. Louis and Richibucto Ry. [K. N.].. .

St. Louis and San Francisco RR 733,

St. Louis and Suburban Ry

St. Louis, Avoyelles & Southwestern Ry.
St. Louis, Belleville and Southern Ry..
St. Louis, Belleville and Suburban RR. .
St. Louis Bridge Co. [T.RR.Ass.of St.L.]
St. Louis, Cape Girardeau and Ft. Smith

Ry

St. Louis, Chicago & St. Paul Ry. of 111.
St. Louis, Council Bluffs and Omaha RR.

[Wabash]

St. Louis County, Minn., Debt of.

St. Louis County Street Ry

St. Louis, Indianapolis and Eastern RR.
St. Louis, Iron Mountain and Southern

Ry. (Map)

St. Louis, Kansas and Southwestern Ry.
St. Louis, Kansas City and Colorado RR. ,

The

St. Louis, Kennett and Southern RR. . .
St. Louis, Keokuk and Northwestern

RR. [C.,B. &Q.]

St. Louis, Merchants' Bridge Terminal

Ry. [T. RR. Assn. of St. L.]

St. Louis, Mo. , Debt of

St. Louis, Oklahoma and Texas Air Line

Ry

St. Louis, Peoria and Northern Ry

St. Louis RR. [National Ry.]

St. Louis Southwestern Ry. (Map)

St. Louis Southwestern Ry. of Texas

(Map)

St. Louis Terminal Cup\>les Station and

Property Co

St. Louis Transfer Ry

St. Louis, Vandalia and Terre Haute

RR. [P. Co.]

St. Mary's Canal Mineral Land Co

St. Paul and Duluth RR

St. Paul & Suburban Ry. [T. C. R. Tr.]
St. Paul Eastern Grand Trunk Ry. [C.

& N. W.]

St. Paul, Minn., Debt of

PAGE

1019

734

903

1392

1019

190

139

1018

1175

224
139

812
1235
1018

139

556
224

224
224

391

1176
1239

225

140

1018

207

208

1170
225

680
1170

245
1014

373
1236

t^~ Reference should also be made to the table of Dividends paid by Rail-
road and oilier Corporations, Jan. 1, 189O, to June 30, 1898, pp. 129O to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (eacb
table alphabetically arranged), and to the List of Railway Official* (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

GENEEAL IXDEX.

99

St. Paul, Minneapolis and Manitoba Ry.

[G.N.] 466

St. Paul Union Depot Co 253

St. Stephen and Milltown Ry. [C. P.] . . 877

St. Thomas Street RR 1131

Saint Clair Incline Plane 1095

Salem Electric Light and Power Co.,

Salem, 0 1078

Salem Light and Traction Co., Salem,

Ore 1081

Salem, Mass., Debt of 1230

Salem RR 140

Salina and Southwestern Ry. [U. P.].. . 848

Salineville RR. [P. Co.] 670

Salisbury and Harvey Ry 910

Salisbury RR. [B. & O.] 319

Salt Lake and Los Angeles Ry 27.1

Salt Lake and Mercur RR 271

Salt Lake and Ogden Ry 271

Salt Lake City RR 1119

Salt Lake City Rapid Transit Co 1120

Salt Lake City, Utah, Debt of 1281

Salt Lake County, Utah, Debt of 1280

San Antonio and Aransas Pass. Ry. [S.

P. Co.] 786

San Antonio and Gulf RR 225

San Antonio and Magoffin Street Ry. . . 1119

San Antonio Edison Co 1119

San Antonio Street Ry 1119

Sandersville RR 173

San Diego and Phoenix (Cal.) RR 271

San Diego, Cuyamaca and Eastern Ry. . 271

San Diego Electric Ry 943

San Diego, Pacific Beach & La Jolla Ry. 271

Sand Coulee Coal Co. [Gt. N.] 463

Sandusky, Mansfield and Newark RR.

[B. &0.] 317

Sandusky, Milan & Norwalk Electric Ry. 1078

Sandusky, O., Debt of 1267

Sandusky Street Ry 1078

Sandwich, Windsor & Amherstburg Ry. 1131

Sandy River RR 25

Sanford and St. Petersburg Ry. [Plant

System] 699

San Francisco & North Pacific Ry. (Map) 262
San Francisco and San Joaquin Valley

Ry.f The 272

San Francisco and San MateoElectric Ry. 943

San Francisco Belt RR 272

San Francisco, Cal., Debt of 1193

San Jose and Santa Clara RR 943

San Jose RR 943

San Luis Street Ry 943

San Pete Valley Ry 272

San Rafael & San Quentin RR. [N. P. C.] 256

Santa Ana and Newport Ry 272

Santa Ana and Orange Motor Co 944

Santa Barbara Consolidated Electric Co. 944

Santa Cruz Electric Ry 944

Santa Rosa City RR 944

Santa Fe Pacific RR. [A., T. & S. Fe] . . 282

Santa Fe County, N. M 1250

Santa Fe, Prescott and Phoenix Ry 272

Saranac and Lake Placid RR 84

Saratoga and Mount McGregor RR 84

Saratoga and Schenectady RR. [D. & H.

C. Co.] ....; 429

Saratoga Division [D. & H. C. Co.] 428

Saratoga Traction Co 1063

Sarnia Street Ry 1131

Saskatchewan and Western Ry. [M. &

N. W.] 905

Sault Ste Marie Bridge Co 1170

Savannah, Florida and Western Ry.

[Plant System] 696

Savannah, Ga., Debt of 1200

Savannah, Thunderb't & Isle of Hope Ry. 958

Scalp Level RR. [P. RR.] 633

Schenectady and Duauesburgh RR. [D.

&H. C. Co.] 427

Schenectady and Mechanicville RR. [D.

& H. C. Co.] 427

Schenectady, N. YM Debt of 1259

Schenectady Ry 1063, 1392

Schenley Park and Highlands Ry 1095

Schoharie Valley RR 84

Schuylkill and Lehigh RR. [Read-
ing] 724, 1393

Schuylkill & Lehigh Valley RR. [L. V.] 504

Schuylkill County, Pa., Debt of 1269

Schuylkill Electric Ry 1096

Schuylkill River East Side RR. [B. & O.J 319

Schuylkill River Pass. Ry. [U. Tr. Co.] 1105

Schuylkill Traction Co 1096

Schuylkill Valley Navigation and RR.

[Reading] 724

Schuylkill Valley Traction Co 1093

Scranton and Carbondale Traction Co.

[S. Ry.] 1098

Scranton and Pittston -Traction Co. [S.

Ry.] 1098

Scrauton, Pa., Debt of 1272

Scranton Ry 1097

Sea Beach Ry. [B. R. Tr. Co.] 1038

Seaboard Air Line Belt RR. [S. A. Line] 742

Seaboard Air Line System 738

ioo

GENERAL INDEX.

Seaboard and Roanoke RR. [S. A. Line] 745

Seaboard RR. Co. of Alabama 191

Sea Cliff Inclined Cable Ry 1063

Sea Coast Inland RR 1393

Seacoast RR. [Reading] 725

Searcy and West Point RR 225

Seashore Electric Ry. [A. C. EL] 1024

Seaside and Brooklyn Bridge Elevated

RR. [B. Elec. RR.] 1034

Seattle and International Ry 602

Seattle and Northern Ry. [Pacific Coast

Co.] " 1166

Seattle and Rainier Beach Ry 1124

Seattle and Renton Ry. [S. & R. B.] ... 1124

Seattle City Ry 1123

Seattle Traction Co 1123

Seattle Warehouse and Terminal Co. .. 273

Seattle, Wash., Debt of 1285

Sea View Ry . [B. R. Tr. Co.] 1038

Sebasticook and Moosehead Lake RR. . . 25
Second and Third Street Pass. Ry. [U.

T. Co.] 1101

Second Avenue RR. [Met. St. Ry.] 1054

Sedalia and Brown Springs Ry. [E. Ry.

L. &P.] 1015

Sedalia, Warsaw and Southwestern Ry.

[M. P.] 562

Sedgwick County, Kan., Debt of 1206

Seivern and Knoxville RR 1393

Selma, Ala., Debt of 1190

Selma Street and Suburban Ry 938

Seneca County RR. [L. V.] 494

Seventeenth and Nineteenth S's. Pass.

Ry. [U. Tr. Co.] 1105

Sevier Ry. [R. G. W.] 262

Shade Gap RR. [E. B. T. RR. & C.] .... 69
Shamokin and Mt. Carmel Electric Ry. 1098
Shamokin, Sunbury and Lewisburg RR.

[Reading] 724

Shamokin Street Ry 1098

Shamokin Valley and Pottsville Ry. [P.

RR.] 645

Sharon Ry. [Erie] 452

Sharpsville RR. [B. & 0.] 324

Shawnee County, Kan., Debt of 1206

Sheboygan Light, Power and Ry 1128

Sheffield and Tuscumbia RR, [L. & N.] 523

Shelburne Falls and Colrain Street Ry. 1004

Shelby Cut-off. [L. & N.] 511

Shelby RR. [L. & N.] 522

Shelbyville and Bloomfield RR 861

Shelton Southwestern RR 273

Shelton Street Ry 952

Shenango Ry. & Mercer Coal Co. (Ltd.). 1171

Shepaug, Litchfield & Northern RR. 25, 1393

Sherman City Street Ry 1119

Sherman, Shreveport and Southern Ry.

[M. K. & T.] 539

Shore Line (N. B.) Ry 910

Shreveport and Red River Valley Ry. . . 861

Shreveport City RR 981

Shreveport Ry. & Land Improvement Co. 981

Shuswap and Okanagon Ry. [C. P.] 877

Sierra Ry. of Cal 273

Sierra Valleys Ry 273

Signal Mountain Ry 1116

Silver City and Northern RR. [A., T. &

S. F.]. 282

Silver City, Deming and Pacific RR. [A.,

T. &S. F.] 275

Silver Lake Ry 85

Silver Springs, Ocala & Gulf RR. [Plant

System] 697

Silverton Northern RR 225

Silverton RR 225

Sioux City and Leeds Electric Ry 975

Sioux City and Morningside Ry 975

Sioux City and Northern RR 253

Sioux City and Pacific RR. [C. & N: W.] 378

Sioux City Elevated Ry 975

Sioux City, la., Debt of 1205

Sioux City, O'Neill and Western RR. . . 253
Sioux City Terminal Ry. and Warehouse

Co. [S. C. & N.] 253

Sioux City Traction Co 975

Sioux Falls Terminal RR 254

Sixth Avenue RR. [Met. St. Ry.] 1054

Skaneateles RR 85

Skowhegan and Norridgewock Ry. and

Power Co 984

Slackwater Connecting RR 85

Slate Run RR 85

Smithouia, Danielsville and Carnersville

RR . . 173

J^" Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 189O, to June 30, 1898, pp. 1290 to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

101

Smyrna & Delaware Bay RR. [B. & D. B.] 61

Solomon RR. [U. P.] 848

Somerset and Cambria RR. [B. & O.]. . . 31?

Somerset Ry 25

Somerset Traction Co 984

Soraerville Horse RR. [Boston Elev. Ry.] 990

Somerville, Mass., Debt of 1230

SonoraRy. [A.,T. & S. F.] 275

South & North Alabama RR. [L. & N.]. 523

South Atlantic and Ohio RR 173

South Bend Street Ry 972

South Bound RR. [F. C. & P.] 145

South Branch RR. [B. & 0.] 318

Southbridge and Sturbridge Street Ry. . 1004
South Brooklyn RR. and Terminal Co. . 85

South Brunswick Ry 173

South Carolina and Georgia RR. . . 155, 1393
So. Carolina, Map of. (See Table of Contents.)
South Carolina Pacific Ry . [C. F. & Y . V. ] 822

South Carolina, State Debt of 1274

South Carolina, Street Rys. in 1114

South Chester RR. [P. RR.] 651

South Chicago and Southern RR. [P. Co.] 670

South Chicago City Ry 966

South Dakota, Map of . (See Table of Contents.}

South Dakota Rapid Transit and Ry 1115

South Dakota, State Debt of 1276

South Dakota, Street Rys. in 1114

Southeast and St. Louis Ry. [L. & N.]. . 522
South Easton and Phillipsburg RR. [L.

& H. R.] 37

Southern Boulevard RR. [Third Av.

RR.] 1067

Southern California Ry. [A., T. & S. F.] 281

Southern Electric Ry 1019

Southern Indiana Ry 120, 1393

Southern Kansas Ry. Lines [A., T. & S.

F.] 275

Southern Pacific Co. (Maps) 746

Southern Pac. RR. of Arizona [S. P. Co.] 773
Southern Pacific RR. of California [S.

P. Co.] 771

Southern Pacific RR. of New Mexico

[S. P. Co.] 774

Southern Pennsylvania Ry. and Mining

Co. [P. RR.] 641

Southern Ry. (Maps) 788

Southern Ry. Co. in Kentucky [S. Ry.]. 798
Southern Ry. Co. in Mississippi [S. Ry.] 798

South Fork RR. [P. RR.] 633

South Georgia RR, 173

South Grand Rapids Street Ry 1012

South Haven and Eastern RR 140

Southington & Plantsville Tramway Co. 952

South Jersey RR ... 86

South Manchester Light, Power and

Tramway Co. [H. M. & R,] 949

South Manchester RR 25

South Middlesex Street Ry 1004

South Orange & Maplewood Traction Co. 1030
South Orange and Maplewood St. Ry.

[S. O. & M. Tr.] 1030

South Pacific Coast Ry. [S. P. Co.] 771

South Pittsburgh & Tennessee River RR. 1459

South St. Paul Belt RR 254

Soutli Seattle Cable Ry. [M. S. C. Ry.]. 1123

South Shore RR 86

South Shore Ry 910

South Side Elevated RR,, Chicago, 111.. 966

South Side Passenger Ry. [P.&B.Tr.Co.] 1004

South Side Pass. Ry., Williamsport, Pa. 1098

South Vandalia and Slate Line RR 86

Southwest Chicago Rapid Transit Co.

[Chic. C. Ry.] 961

Southwest Missouri Electric Ry 1019

Southwestern Arkansas and Indian Ter-
ritory RR 226

Southwestern Coal and Improvement

Co. [M. K. & T.J 538

Southwestern Electric Ry. [Nat. Ry.]. . 1018

Southwestern RR. [C. of G.] 347

Southwestern Telegraph and Telephone

Co., The. [E. T. & T. Co.] 1151

Southwest Pennsylvania Ry. [P. RR.]. . 633

South Tuba Water Co. of New York. . . 1171

Spirits Distributing Co 1171

Spokane and Montrose Motor RR 1124

Spokane and Seattle Ry 603

Spokane County, Wash., Debt of 1285

Spokane Falls and Northern Ry 273, 1393

Spokane Street Ry. [W. W. P. Co.] 1125

Spokane, Wash, Debt of 1285

Springfield Consol. Ry., Springfield, 111. 966

Springfield, 111. , Debt of 1202

Springfield, Mass.. Debt of 1230

Springfield, 0., Debt of 1267

Springfield Ry., Springfield, 0 1078

Springfield St. Ry., Springfield, Mass.. 1004

Springfield Tract'n Co., Springfield, Mo. 1019
Spuyten Duyvil and Port Morris RR.

[N. Y. C. &H. R.] 571

Stamford Street RR ".. 952

Standard Rope and Twine Co 1171

Stanstead, Shefford and Chambly RR.

[C. V.] 355

State Electric Co. . ... 975

102

GENERAL INDEX.

PAGE

State Line and Indiana City Ry. [P. Co.] 670

State Line and Sullivan RR. [L. V.J. . . 504

Staten Island Electric RR 1063

Staten Island Midland Ry 1064

Staten Island Ry. [B. & 0.] 326

Staten Island Rapid Transit RR. [B. &

O.]... 325, 1393

Staten Island Traction Co. [S. I. Mid.]. 1064

State University RR. [Southern Ry.]. . . 799

Staunton, Va. , Debt of 1284

Sterling Mountain Ry 86

Stetson, John B., Co 1172

Steubenville Traction Co 1078

Stewart RR. [L. S. & M. S.] 492

Stewartstown RR 86

Stillmore Air Line Ry 173

Stfllwater & St. Paul RR. [St. P. & D.]. 248

Stillwater and Mechanicville Street Ry. 1064

Stillwater Electric Ry 1013

Stillwell-Bierce & Smith-Vaile Co., The. 1172
Stockbridge and Pittsfield RR. [N. Y.,

N. H. & H.] 586

Stockton Electric Ry 944

Stony Brook RR. [B. & M.] 337

Stony Clove and Catskill Mountain RR.

[U. &D.J 52

Stony Creek RR. [Reading] 732

Strasburg Ry 1460

Streator Ry 967

Street Ry. and Illuminating Properties. 1172

Street Ry. of Grand Island, Neb 1022

Stroudsburg Passenger Ry 1099

Sturgis, G.osLen and St. Louis RR. [L.

S. &M. S.] 488

Stuttgart and Arkansas River RR 226

Suburban RR., The, Chicago, 111 967

Suburban Rapid Transit RR.,Pittsb.,Pa. 1099

Suburban Traction Co., Orange, N. J . . . 1030

Suffolk and Carolina Ry 173

Suffolk County, Mass., Debt of 1215

Sugar Land Ry 226

Sulphur Mines RR 174

Sullivan Co. RR. [B. & M.] 341

Summit ville Branch RR. [P. J., M. &

N. Y.] 83

Summit Branch RR 1172

Sumpter Valley Ry 273

PAGE

Sunbury and Lewistown Ry. [P. RR.]. . 634

Sunbury & Northumberland Electric Ry. 1099
Sunbury, Hazleton and Wilkesbarre Ry.

[P. RR.] 634

Suncook Valley RR. [B. & M.] 339

Sunday Creek Coal Co 1173

Superior Rapid Transit Ry 1128

Superior, Wis., Debt of 1288

Surry, Sussex and Southampton Ry. . . . 174

Susquehanna and Buffalo RR 87

Susquehanna & Clearfield RR. [P. RR.] 634

Susquehanna and New York RR 1378

Susquehanna Connecting RR. [N. Y., S.

& W.] 43

Susquehanna Division [D. & H. C. Co.]. 426

Sussex RR. [D., L. & W.] 435

Sutro RR 944

Sutter St. (Cable) Ry 944

Sydney and Louisbourg Ry 910

Sylvania RR 174

Syracuse and East Side Ry 1065

Syracuse, Binghamton and New York

RR. [D., L. & W.] 435

Syracuse, Geneva & Corning Ry. [F.B.] 454

Syracuse, N. Y., Debt of 'l259

Syracuse Rapid Transit Ry 1065

Tabor and Northern Ry 254

Tacoma and Columbia River Ry 274

Tacoma Ry and Motor Ry 1124

Tacoma Traction Co 1124

Tacoma, Wash. , Debt of 1285

Talbotton RR 174

Tallahassee Southeastern Ry 861

Tallassee and Montgomery Ry 191

Tallulah Falls Ry 1393

Tamaqua and Pottsville Electric Ry. [S.

El. Co.] 1096

Tamaqua, Hazleton and Northern RR.

[Reading] 733

Tampa and Thonotosassa RR. [Plant

System] 699

Tampico Harbor Co. [Mex. C.] 921

Tarentum Traction Pass. Ry 1099

KP™ Reference should also be made to the table of Dividends paid by Rail-
road and other Corporations, Jan. 1, 1890, to June 3O, 1898, pp. 1290 to 1315,
to the table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

GENERAL INDEX.

103

Tarrant County, Tex., Debt of 1279

Tarrytown, White Plains and Mama-

roneck Ry 1065

Taunton and Brockton Street Ey 1005

Taunton, Mass., Debt of 1231

Taunton Street Ry 1005

Tavares and Gulf RR '174

Taylor Avenue Street Ry. [Lindell Ry.] 1016
Taylor's Falls and Lake Superior RR.

[St. P. &D.] 248

Temiscouata Ry 910

Temple Street Cable Ry 944

Tennessee and Cumberland River RR. . 861
Tennessee Coal, Iron and RR. Co. . . 1173

Tennessee Line, Map of 525

Tennessee, Map of (See Table of Contents.)

Tennessee, State Debt of 1276

Tennessee, Street Rys. in 1115

Terminal RR. Association of St.

Louis 1174, 1459

Terre Haute and Indianapolis RR. [P.

Co.] 688

Terre Haute and Logansport RR. [P.

Co.] 690

Terre Haute and Peoria RR. [P. Co.]. . . 691

Terre Haute, Debt of 1204

Terre Haute Electric Ry 972

Texarkana and Fort Smith Ry. [K. C. P.

& G.] 203

Texarkana and Shreveport RR 226

Texarkana Ry... , 939

Texas and New Orleans RR. [S. P.

Co.] 783, 1448

Texas and Pacific Coal Co 1176

Texas and Pacific Ry 802

Texas, Arkansas and Louisana Ry 862

Texas Central RR 226, 1393

Texas City Terminal Ry 1459

Texas, Map of (See Table of Contents.)

Texas Mexican Ry. [M. Nat.] 928

Texas Midland RR 226

Texas Pacific Land Trust 1176

Texas, Sabine Valley and Northwestern

Ry 227

Texas Southern Ry 227

Texas, State Debt of 1278

Texas, Street Rys. in 1116

Texas Trunk RR. Co 227

Third Avenue RR. New York, N. Y. . . 1065
Third Street and Suburban Ry., Seattle,

Wash 1124

Thirteenth and Fifteenth Sts. Pass. Ry.

[U. Tr. Co.] 1105

Thirty-fourth Avenue Ry., Denver, Col. 946
Thirty-fourth Street Crosstown Ry.

[Met. St. Ry.]. 1055

Thompson Run RR. and Coal Co. [P. &.

L. E.] 47

Thousand Islands Ry 911

Tiffin and Fostoria Electric RR 1079

Tiffin, Fostoria & Eastern Electric Ry.. 1079

Tiffin, O., Debt of 1267

Tifton and Northeastern RR 174

Tilsouburg, Lak'e Erie and Pacific Ry. . 911

Tilton and Belmont RR. [B. & M.] 339

Tintic Range Ry. [R. G. W.] 263

Tioga RR. [Erie] 451

Tionesta Valley and Hickory Ry 87

Tionesta Valley and Salmon Creek Ry. . 87

Tionesta Valley Ry 87

Tipton RR. [P. RR.] 634

Tivoli Hollow RR. [N. Y. C. & H. R.]. . 571

Tobique Valley Ry. [C. P.] 877

Toledo and Maumee Valley Ry 1079

Toledo and Ohio Central Ry. (Map). . . 805

Toledo and Ohio Central Exten. RR 140

Toledo and Ohio Northern Ry 141

Toledo Belt Ry. [W. & L. E.j 126

Toledo, Bowling Green and Fremont Ry. 1079
Toledo, Canada Southern and Detroit

Ry. [M. C.] 533

Toledo, 0., Debt of 1267

Toledo, Peoria & Western Ry. [P. Co.]. 083
Toledo, Saginaw & Muskegon Ry. [G.T.] 895
Toledo, St. Louis and Kansas City RR.

.(Map) 121, 1393

Toledo Traction Co 1079

Toledo, Walhonding Valley and Ohio

RR. [P. Co.] 669

Tonawanda Electric RR 1067

Tonawanda, K Y., Debt of 12o9

Tonawanda Street RR 1067

Topeka Belt Ry 977

Topeka, Kan., Debt of 1207

Topeka Ry 977

Toronto and Mimico Ry. and Light Co.

[Toronto Ry.] 1132

Toronto and Scarboro Electric Ry. and

Light and Power Co. [Toronto Ry.]. . 1132

Toronto Belt Line Ry. [G. T.] 890

Toronto, Grey and Bruce Ry. [C. P.]. . . 877

Toronto, Hamilton and Buffalo Ry 911

Toronto Ry 1132

Toronto Suburban Street Ry. (Ltd.) 1132

Town of Port Arthur Electric Ry. and

Light Co 1132

104

GENERAL INDEX.

Traverse City RR. [P. Co.] 687

Tredegar Mineral Ry. [E. & W.] 185

Trenton Cut-off RR. [P. RR.] 634

Trenton, N. J., Debt of 1249

Treuton Passenger Ry., Consol. [T. Tr.] 1030

Trenton Potteries Co 1176

Trenton Traction Co 1030

Tresckow RR. [C. RR. of N. J.] 352

Tri-CityRy 975

Troy and Bennington RR. [Fitchburg]. 10
Troy and Colioes RR. [Troy C. RR.] .... 1068
Troy and Greenbush RR. [N. Y. C. &

H. R.] 571

Troy&Lansingburgh RR. [Troy C. RR.] 1068

Troy and New England RR 1068

Troy and Tiptonville RR. [I. C.] 480

Troy City Ry 1068

Troy Hill Incline Plane nnd Bridge 1099

Troy, N. Y., Debt of 1260

Troy Union RR 87

Trumbull and Mahoning RR. [B. & O.] . 324

Trumbull Electric RR 1079

Tuckerton RR 87

Tulare, Cal., Debt of 1193

Tunnel RR. of St. Louis 1176

Tuscaloosa Belt Ry 938

Tuscarora Valley RR 87

Tuskegee RR 191

Twenty-eighth and Twenty-ninth Cross-
town RR. [Met. St. Ry.] 1055

Twenty-second St. and Allegheny Ave.

Ry. [U. Tr. Co.] 1105

Twenty-third Street Ry. [Met. St. Ry.]. 1054

Twin City General Electric Co 1012

Twin City Rapid Transit Co 1013

Tyler City Street Ry 1119

Tyler Southeastern Ry. (Map). [St. L.

So. East.] 208

Tyrone and Clearfield Ry. [P. RR.] .... 634

U

Ulster and Delaware RR 50

Ulster County, N. Y., Debt of 1251

Ultima Thule, Arkadelphia and Missis-
sippi Ry 227

Unadilla Valley Ry 88

Union County, N. J., Debt of 1245

Union Depot Co., Columbus, 0 1177

Union Depot Co. of Kansas City, Mo. . . 227
Union Depot and RR. Co. (Denver), The 227

Union Depot RR. (St. Louis, Mo.) 1019

Union Elect ricRy., Dover, N. H 1023

Union Elevated RR. (Chicago) 967

Union Freight RR • 26

Union Pacific, Denver & Gulf Ry. .210, 1393
Union Pacific, Lincoln and Colorado

Ry. [U. P.] 848

Union Pacific RR. Co 844

Union Passenger Ry. [U. Tr. Co.] 1105

Union Point and White Plains RR. [G.

RR.&B. Co.] 459

Union RR. of Baltimore [P. RR.] 052

Union RR. of Brooklyn [N. El. RR.]. . . 1057
Union RR. Elevator and Transportation

Co 1459

Union RR. (Erie) 453

Union RR. (Pittsburgh, Pa.) 88

Union RR. (Providence) [U. Tr.& El. Co.] 1113

Union Ry. of Chester [C. Tr. Co.] 1084

Union Ry. Co. of New York, N. Y. [Third

Ave. RR.] 1067

Union Ry. (Memphis, Tenn.) 145'J

Union Street and Suburban Ry., Port-
land, Ore 1081

Union Street Ry., New Bedford, Mass . 1005

Union Street Ry., Saginaw, Mich 1012

Union Street Ry., Santa Rosa, Cal 944

Union Street Ry., Winfield, Kan 977

Union Terminal RR. [W. N. Y. & P.]. . 58

Union Terminal Ry. [K. C. S. B.J 220

Union Traction Co., Anderson, Ind 973

Union Traction Co. of Philadelphia, Pa. 1099
Union Traction Co., Rutherford, N. J. . 1031

Union Trunk Line 1124

United Counties Ry 911

United Electric Co 1080

United Gas Improvem't Co., The. 1177, 1393
United New Jersey RR. and Canal Cos.

[P. RR.] 634

United States and Canada RR. [G. T.]. . 896

United States, Debt of 1185

United Slates Land Grant [V.S.& P. Ry.] 710

1^~ Reference should also be made to the table of Dividends paid by Kail-
road and other Corporations, Jan. 1, 189O, to June 3O, 1898, pp. 1290 to 1315,
to tlie table of Annual Meetings and Transfer Agencies, pp. 1316 to 1374 (each
table alphabetically arranged), and to the List of Railway Officials (corrected
to Aug. 8, 1898) on pp. 1397 to 1460.

GENERAL" INDEX.

105

United States Leather Co. , The 1177

United States Mortgage and Trust Co. . 1178

United States Rubber Co 1179

United States Trust and Guarantee Cor-
poration, The (Limited) . . 1179

United Trac.&Elec.Co., Providence, R.I. 1113
United Trac. Co., Pittsburgh, Pa. (Map) 1106

United Traction Co., Reading, Pa 1107

United Verde and Pacific Ry 274

Upper Coos RR. [M. C.] 15

Upson County RR. [C. of G.] 847

Urbana and Champaign Ry. Gas and

Electric Co 967

Ursina and North Fork Ky 88

Utah Central Ry. [R. G. W.] 262

Utah, Map of (See Table of Contents.)

Utah, State Debt of 1280

Utah, Street Rys. in 1119

Utica and Black River RR. [N. Y. C. &

H. R.] 571

Utica and Mohawk RR 1069

Utica Belt Line Street RR 1069

Utica, Chenango and Susquehanna Val-
ley Ry. [D., L. & W.]. 434

Utica, Clinton and Bingbamton RR. [N.
Y., O. & W.] 89

Vallamont Traction Co 1109

Valley RR. [B. & O.] 326

Valley RR. [D. & H. C.] 426

Valley RR. [D., L. & W.] 434

Valley RR. [Penna.] 88

Valley Street Ry. (Sharon, Pa.) 1110

Van Brunt Street and Erie Basin RR. . . 1069

Vandalia Line 680

Vanderburgh County, Ind., Debt of 1203

Vanegas Cedral y Rio-Verde RR 1455

Velasco Terminal Ry 228

Venice, Madison and Granite City Ry. . . 967
Verdigris Valley, Independence and

Western Division [M. P.] 555

Vermont and Massachusetts RR. [Fitch-
burg] 10

Vermont, Map of (See Table 'of Contents.)

Vermont, State Debt of 1281

Vermont, Street Rys. in 1120

Vermont Valley RR. of 1871. [B. & M.] . 341
Vernon, Greensburg and Rushville RR.

[C., C., C. & St. L.] 417

Versailles Traction Co. . .1110

Vicksburg, Miss., Debt of 1237

Vicksburg, Shreveport and Pacific RR.

[Q. & C.] 709, 1444

Victoria and Sidney Ry 912

Vincennes Citizens' Street Ry 973

Vincentown Branch RR. [P. RR.] 636

Virginia and Truckee RR 274

Virginia Co. [N. & W.]. 594

Virginia Development Co., The 1179

Virginia, Map of (See Table of Contents.)

Virginia Midland Ry. [S. Ry.] 796

Virginia, State Debt of 1281

Virginia, Street Rys. in 1120

Visalia and Tulare RR 274

Visalia RR. . 274

W

Wabash, Chester and Western RR 141

Wabash RR 809, 1393

Waco and Northwestern RR 228

Wadley and Mount Vernon RR 174

Wakefield aud Stoneham Street Ry 1005

Walden and Orange Lake RR.[N.El.Ry.] 1058

Waldo and Fort Smith RR 228

Walla Walla and Columbia River RR.

[0. RR. & N. Co.] 259

Wallkill Valley RR. [N. Y. C. & H. R.]. 576
Walnut Street Connecting Ry. [U. Tr.

Co.] 1105

Walterboro and Western RR. [Plant

System] 700

Waltham, Mass., Debt of 1231

Ware River RR. [B. & A.] 7

Warren RR. [D., L. & W.] 435

Warren, Brookfield and Spencer Street

Ry 1005

Warren Street Ry 1110

Warrenton RR 175

Washington, Alexandria and Mount

Vernon Ry 956

Washington and Columbia River Ry. . . 603

Washington and Glen Eclio RR 955

Washington and Great Falls Electric Ry. 955

Washington and Potomac RR 88

Washington, Arlington and Falls Church

Ry 955

Washington Branch RR. [B. & O.] 318

Washington Brewery Co., Ltd. (The).. 1180

Washington Central RR. [No. Pac.] 603

Washington City aud Point Lookout

RR. [B. & O.] , . 318

106

GENERAL INDEX.

Washington County RR. [B. & O.] 318

Washington Electric Street Ry 1110

Washington, Map of. .(See Table of Contents.}

Washington Southern Ry. [P. RR.] 651

Washington, State Debt of 1285

Washington, Street Rys. in 1123

Washington Street By., Washington,

Ind 973

Washington Water Power Co 1125

Watauga RR 191

Watchung RR. [Erie] 451

Waterbury, Conn., Debt of 1197

Waterbury Traction Co 953

Waterford & Cohoes RR. [Troy C. RR.] . 1068
Waterloo and Cedar Falls Rapid Transit

Co 976

Watertown and Lake Kampeska Ry. ... 1115
Waterville and Fairfield Ry. and Light

Co 984

Watervliet Turnpike and RR. [Albany

Ry.] 1032

Waukegan and Mississippi Valley Ry. . 141

Waverly and State Line Ry. [L. V.] 504

Waverly, Say re and Athens Traction Co. 1110

Waxahachio Street Ry 1119

Waycross Air Line RR 1456

Wayne County, Mich., Debt of 1232

Waynesburg and Washington RR. [P.

Co.] 680

Weatherford City and Suburban RR. . . 1119
Weatherford, Mineral Wells and North-
western Ry 228

Welch Mills and Centerville RR 1460

Wellesley and Boston Street Ry 1006

Wellington and Powellsville RR 175

Wellston and Jackson Belt Ry. [C. H.

V. &T.] 422, 1080

Wellsville, Coudersport and Pine Creek

RR. [B. &S.] 30

West Asheville & Sulphur Springs Ry. 1070
West Chester Electric RR. [Third Ave.

RR.] 1067

West Chester RR. [P. RR.] 636

West Chester Street Ry 1110

West Chicago Street RR 968

West Chicago Street RR. Tunnel Co.

[W.C. St.] 969

West End and Long Branch Ry. [A. C.

Elec.] 1024

West End Street Car Co 1119

West End Street RR., Denver, Col 946

West End Street Ry. [B. El. Ry.] 988

West End Traction Co 1110

Westerman RR. [Erie] 453

Western & Atlantic RR. [N. C. & St. L.] 527

Western Maryland RR 52, 1393.

West. New York & Pennsylvania Ry. 55, 1393

Western Pennsylvania RR. [P. RR] 636

Western Ry. of Alabama 182

Western Ry. of Mexico 934

Western Union Telegraph Co 1180

Westinghouse Electric and Manufactur-
ing Co 1182

West Jersey and Seashore RR. [P. RR.] 652

West Jersey Traction Co. [C. & S.] 1025

West Ontario Pacific Ry. [C. P.] 876

West Philadelphia Ry. [U. Tr. Co.] 1105

West Pittston and Wyoming Street Ry.

[W. &W. V. Tr. Co.] 1112

Westport and Waldo Ry 1020

Westport and Saugatuck Street Ry . . . . 953

West Range RR 1456

West Roxbury & Roslindale Street Ry. . 1006

West Seattle Cable Ry 1125

West Shore and Ontario Terminal Co. of

New York and New Jersey [N. Y. C.

& H. R.] 571

West Shore RR. [N. Y. C. & H. R.] ... 571

West Shore Ry. [N. E. St.] 951

West Side Belt RR 862

West Side Circle Ry 977

West Side RR. of Elmira, N. Y 1069

West Side Ry., Salt Lake City, Utah. . . 1120
West Stockbridge RR. [N. Y., N. H.

&H.] 586

West Street and North End Electric Ry. 1125

West Virginia and Northern RR 175

West Virginia and Pittsburgh RR. [B.

&O.] 327

West Virginia Central and Pittsburgh

Ry. (Map) 157, 1394

West Virginia, Mapof.($ee Table of Contents.)
West Virginia, Pineville and Tennessee

RR.. 191

GENERAL INDEX.

107

PAOK

West Virginia and Southern Ry 175

West Virginia, State Debt of 1286

West Virginia, Street Rys. in 1125

West Water Street RR. [E. & H. Ry.]. . 1043

Weymouth, Mass., Debt of 1232

Wharton Valley Ry. [N. Y., O. & W.]. . 39

Wheeling and Elm Grove RR 1126, 1394

Wheeling and Lake Erie Ry 123, 1394

Wheeling Bridge and Terminal Ry 175

Wheeling, Pittsburgh and Baltimore

RR. [B. &0.] 318

Wheeling Ry 1126

Wheeling, W. Va., Debt of 1286

Whippany River RR 88

White and Black River Valley Ry 228

White Bear Branch [M. & St. L."] 242

White Electric Traction Co 1111

Whitefield and Jefferson RR. [B. & M.] 339
W'ichita and Southwestern Ry. [A., T. & .

S. P.] 275

Wichita and Western Ry. (The) 229

Wichita Falls Ry. [M. K. & T.] 538

Wichita, Kan., Debt of 1207

Wichita Ry. Light and Power Co 977

Wichita Valley Ry 229

Wiggins Ferry Co 229

Wilkesbarre and Eastern RR. [N. Y., S.

& W.] 43

Wilkesbarre and East Side RR. [W. &

W. V. Tr. Co.] 1112

Wilkesbarre & Harvey's Lake RR. [L. V.] 504
Wilkesbarre and Kingston Passenger

Ry. [W. & W. V. Tr. Co.] 1112

Wilkesbarre and Northern RR 89

Wilkesbarre and Scranton Ry. [C. RR.

of N. J.] 352

Wilkesbarre and Suburban Street Ry.

[W. &W. V.'Tr. Co.] 1112

Wilkesbarre and West Side Ry. [W. &

W. V. Tr. Co.] 1112

Wilkesbarre and Wyoming Valley Trac-
tion Co 1111

Wilkesbarre, Pa. , Debt of 1272

Williams and Current River RR 1460

Williamsport and North Branch RR. ... 89

Williamsport, Pa., Debt of 1272

Williamsport Passenger Ry 1112

William's Valley RR 89

Williamsville, Greenv. & St. Louis Ry. 229
Willmar and Sioux Falls Ry. [G. N.]. . . 469

Willow Glen RR 944

Wilmington & Newbern Ry. [A. C. Line] 295
Wilmington & New Castle Electric Ry. 953

Wilmington and Northern RR 58

Wilmington and Weldon RR. [A. C.

Line] 294, 1400

Wilmington City Ry 953

Wilmington, Columbia and Augusta RR.

[A. C. Line] 293

Wilmington, Del., Debt of 1197

Wilmington, N. C., Debt of . 1261

Wilmington Ry. Bridge [S. A. Line] ... 741

Wilmington Sea Coast RR 175

Wilmington Street Ry 1070

Wilson & Summer' n RR. [A.C. Line] 295, 1400

Wilton RR. [B. & M.] 338

Winchester and Potomac RR. [B. & O.] 318

Winchester & Strasburg RR. [B. & 0.]. 318

Winchester Avenue RR. [N. E. S.] 950

Winchester, Mass., Debt of 1232

Wind Gap & Dela. RR. [C. RR. of N. J.] 352

Winifrede Coal Co 176

Winifrede RR 176

Winnipeg Electric Street Ry 1132

Winnipeg Great Northern Ry 912

Winnisimet RR. [N. St. Tr.] 1002

Wiuona and Western Ry 254

Winona Bridge Ry. Co 254

Winona Ry. and Light Co 1014

Winston and Bone Valley Ry. [Plant

System] 700

Winston-Salem Ry and Electric Co 1070

VVinton RR. and Lumber Co 176

Wiscasset and Quebec RR 26

Wisconsin and Chippewa Ry 141

Wisconsin and Michigan Ry 1395

Wisconsin Central Lines -.813, 1395

Wisconsin, Map of. . ..(See Table of Contents.)
Wisconsin, Minnesota and Pacific RR.

[M. &St. L.] 244

Wisconsin, State Debt of 1286

Wisconsin, Street Rys. in 1126

Wissahickon Electric Ry. [R. C. H. & N.

Ry.] 1095

Woburn and Reading Street Ry 1006

Woodbridge& Sewaren Electric St. Ry. 1031

Woodbury County, la., Debt of 1204

Wood County RR 1460

Woodland Park Electric Ry. [S. Tr. Co.] 1124

Woodland Street Ry 944

Wood River Branch RR 26

Woodstock Ry 26 '

Woonsocket and Pascoag RR. [N. Y., N.

H. &H.] 590

Woonsocket Street Ry 1114

Woonsocket, R. I., Debt of 1274

108

GENERAL INDEX.

Worcester & Blackstone Valley St. Ry. 1007
Worcester and Marlborougli Street Ry. 1007
Worcester and Shrewsbury Street Ry.

[W. T. Co.] 1007

Worcester and Suburban Street Ry. ... 1007
Worcester Consol. St. Ry. [W. Tr. Co.] 1006

Worcester, Mass., Debt of 1232

Worcester, Nashua and Rochester RR.

[B. & M.] 340

Worcester Traction Co 1006

Woronoco Street Ry 1008

Worthington, Clintonville and Colum-
bus Street Ry 1080

Wrightsville and Tennille RR 176

Wyandotte and Detroit River Ry 1012

Wymore and Blue Springs Transit Co. . 1022
Wyoming, Map of. . . .(See Table of Contents.)
Wyoming, State Debt of 1288

Yankton and Western RR 255

Yarmouth Street Ry. , Ltd 1132

Yazoo and Mississippi Valley RR. [I. C.] 480

Yellow River RR 176

Yonkers, N. Y., Debt of 1260

Yonkers RR., The 1069

York, Hanover& Frederick RR. [P. RR. ] 637

York Harbor and Beach RR. [B. & M.]. 342

York Southern RR 89, 1395

York Street Ry 1112

Youghiogheny RR 89

Youghiogheny Central Ry 90

Youghiogheny Northern RR. [P. & L. E.] 47

Youngstown and Austintovvn Ry. [Erie] 453

Youngstown, O., Debt of 1267

Youngstown Park and Falls Street Ry. . 1080

Yreka RR 862

Zanesville and Ohio River Ry 141, 1395

Zanesville, O., Debt of 1268

Zanesville Ry. and Electric Co 1080

Zanesville Terminal Ry. [C. S. & H.] . . 106

POOR & GREENOUGH,

Bankers

18 WALL STREET,

NEW YORK.

INVESTMENTS IN RAILROAD BONDS A SPECIALTY,

Orders Executed on the New York and London Stock Exchanges.
CORRESPONDENCE INVITED.

RAILROADS MERGED IN OTHER LINES.

List of Roads not appearing in the foregoing Index, comprising lines that have been merged
into other lines or abandoned in the past three years.

For List of Railroads merged previous to 1895, see MANUAL for 1897, page 81.

NAME OF OLD COMPANY.

NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.

NAME OF. OLD COMPANY.

NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.

Abbeville and Waycross
Aberdeen and West End. . .

Allegheny and Kinzna
Alloway and Quinton

Georgia and Alabama.
Aberdeen and Asheboro.
j Operation suspended; see
i MANUAL for 1897, p. 53.
West Jersey and Seashore.
Detroit and Mackinac.
) Operation suspended: see
1 MANUAL for 1897. p. 1283.
Altoona and Beech Creek.
Abandoned.
Abandoned.
St. Louis and San Francisco.
Santa Fe Pacific.
Bruton and Pineora.
Atlantic and Lake Superior.
Baltimore and Lehigh Ry.
York Southern.
See MANUAL for 1896.
Flint and Pete Marquette.
Bay of Qninte Ry.
Chic., Ind. & Louisville.

! St. Louis Division, Illinois
f Central.

No longer in existence.
Private ; no returns.
Bodie Ry. and Lumber Co.
Operation suspended.
Cape Gir., Bloom. & South.
Chesapeake and Ohio.
Erie.
Buff., St. Mary's & Southw.
Erie.
Pittsb., Bessemer & L. E.
Kan. City, Pittsb. & Gulf.'
Chic., Lake Sh. & Eastern.
West Jersey and Seashore.
I Operation suspended; see
"I MANUAL for 1 896, p. 206.
Dubuque and Sioux City.
Washington Central.
Chatt., Rome & Southern.
Lancaster and Chester.
Buffalo and Susquehanna.
Illinois Cent., Louisv. Div.
Carolina and Northwestern.

>• Chic. Terminal Transfer.

Faircliild & Northeastern.
Chicago Junction.
Chicago & Eastern Illinois.
Illinois Cent., St. L. Div.
Chattanooga and Durham.

j- Cin., Hamilton & Dayton.

j Det., Tol. & Milwaukee.
| Cincinnati Northern.
Northern Pacific.
Little Book Cliff.
Hillsboro RR.
Georgia and Alabama.
Erie.
Coudersp't & Port Allegh'y.

Buffalo & Southwestern.

Shelbyville and Bloomfleld.
Union Pacific.

D. Moines, Nor. & West.Ry.
Detroit, Lansing & North. .
Dnluth and Manitoba

D. Moines, No. & West. RR.
Det., Gr. Rapids & West'n.
Northern Pacific.
Duluth, Superior & West'n.
Central of Georgia.
Mt. Jewett, Clerm't & Nor.
Belvidere Delaware.
Southern Indiana.
K. C., Excel. Spgs. & Nor.
No returns.
Reynoldsv. & Falls Creek.
C., C., C. & St. L.
Abandoned.
t Operation suspended; see
( MANUAL for 1897.
St. Louis & San Francisco.
Chicago and Southeastern.
York, Hanover & Fred. RR.
Road abandoned.
Georgia Midland.
Southern.
Durham and Charlotte.
Det., Gr. Rapids & West'n.
Atlantic and Lake Superior.
Salt Lake and Ogden.
Green Bay and Western.
Green Bay and Western.
j Operation suspended ; see
I MANUAL for 1897, p. 64.
Seivern and Knoxville.
York, Hanover & Fred. RR.
Northern Pacific

Duluth and Winnipeg

Eatonton Branch*.

Alpena and Northern

Emporium and Mt. Jewett .
Enterprue

Altoona and Beech Creek . .
Altoona, Clearfi'd & North.

Evansville and Richmond. .
Excelsior Springs

Fairchild and Northeastern
Falls Creek

Atlanta & Mi. Pleasant RR.
Atlantic & Pac., Cent. Div.
Atlantic & Pac., West. Div.
Atlantic Short Line

Findlay Belt

Florida, Peninsula and Gulf
Forest City and Sioux City.

Ft. Smith & V. Buren Edge.
Ft. Wayne, T. H. & Southw.
Frederick & Penn. Line RR.
Galesburg, Ktherley & East.
Georgia Midland and Gulf. .
Georgia Pacific

Baie des Chaleurs ....

Bait. & Lehigh RR. (in Md.)
Bait. & Lehigh RR. (in Pa.)
Barilett and Albany. . . .

Bay City Belt Line

Bay of Quinte Ry. & Nav. .
Bedford and Bloomfleld
Belleville and Carondelet. . .
Belleville and Eldorado
Belleville and Southern 111. .
Birm'g'ra, Laney & Piedm't
Blakeley RR

Glendon and Gulf
Gr. Rapids, Lansing & Det.
Great Eastern

Gr. Salt Lake & Hot Spr'gs.
Gr'n Bay.Stev. Pt. & N. RR.
Gr'n Bay, Winona & St. P. .

Bodie and Benton Ry

Bombay and Moira

Brown wood and Northw'n.
Buckingham

Greenwood, Anderson & W.
Hanover and York

Buffalo and Southwestern..
Buffalo and St. Mary's
Buffalo, New York & Erie..
Butler and Pittsburgh
Calcasieu, Vernon & Shr. . .
Calumet and Blue Island. . .
Camden and Atlantic

Helena and Red Mountain. .
Hibernia Underground
Holly Company's RR

j Operation suspended; see
| MANUAL for 1896.
Holly River RR.
J Operation suspended; see
I MANUAL for 1897, p. 210.
Flovilla and Indian Springs.
Wisconsin and Michigan.
j Operation suspendea; see
1 MANUAL for 1896.
Cincinnati Northern.
Jacksonville and St. Louia.
St. Johns and Atlantic.
No longer in existence.
Northern Pacific.
Road abandoned.
Leaven worth, Kan. &West.
St. Louis & San Francisco.
Kan. City & No. Connect'g.
Western N. Y. & Pa.
Frankfort and Cincinnati.
Bay of Quinte Ry.
Road abandoned.
Ohio River and Lake Erie.
Road abandoned.
(Operation suspended; see
MANUAL for 1897, p. 1:395.
Lima Ry.
Detroit and Lima Northern.
Operation suspended.
No returns.
West Side Belt.
Sibley Lake, Bis. & So.
Chicago, Ind. & Louisville.
Louisv., Henderson & St. L.
Norfolk and Western.

H'ston Belt & Magnolia P'k.

Indian Springs and Flovilla.
Ingall's W. Rapids & N. RR.

Iron Range and Huron Bay.

Jackson and Cincinnati
Jackson v., Louisv. & St. L.
Jackson, Mayport & Pablo.
Jacksonv. Southeast'n Line
James River Valley

Carolina, Knoxv. & West'n

Cedar Falls and Minnesota.
Central Washington.

Chatt., Rome & Columbus.
Cheraw and Chester.

Chesap., Ohio & Sonthw'n.
Chester and Lenoir

Chicago & Calumet Termi'l
Chicago & Northn. Pacific .
Chic.. Fairchild & Eanclaire
Chic., Hammond & Westn.
Chic., Paducah & Memphis
Chic., St. Louis & Paducah
Chickamauga and Durham.
Cincin., Dayton & Chicago.
Cincin., Dayton & Irontoii .

Cincin., Jackson & Mack. . .

Coeur d' Alene
Colo., Wyo. & Great Nor...
Columbus and Maysville. . .
Columbus Southern

Jamesville and Washington
Kansas Central ... ....

Kansas City and 8. W

Kansas City and Atlantic. . .
Kendall and Eldred

Kentucky Midland

Kingston, Napanee & W'n.
Lake Creek

L. Erie, Alliance & South'n.
Laurel River & Hot Springs.

Lehigh and Pavilion

Lima and Honeoye Falls.. . .
Lima Northern

Lima Ry .

Conesus Lake

Little Book Cliff

Coudersport & Pine Creek.
Coudersport & Wellsville . .
Cross Forks

Little Saw Mill Run

Louisiana Nickel Plate
Louisv., New Albany & Chic.
Louisville, St. L. & Texas..
Lynchburg and Durham

Cumb'l'd & Ohio. No. Div.
Denver and Boulder Valley.

110

RAILROADS MERGED IN OTHER LINES.

LIST OF RAILROADS MERGED IN OTHER LINES - Continued.

NAME OF OLD COMPANY.

NAME or COMPANY
BT WHICH ACQUIRED, OB
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.

NAME OF OLD COMPANY.

NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOUL'D
BE MADE.

Middle Term, and Alabama.
Middle Georgia & Atlantic.
Macon and Northern

Nashv., Chatt. & St. Louis.
Central of Georgia.
Central of Georgia Ry.
St. Lawrence & Adirond'k.
Atlanta, Knoxv. & North'n.

j- Belvidere Delaware.

j Operation suspended; see
1 MANUAL for 1897, p. 20.
j Operation suspended; see
j MANUAL for 1897, p. 20.
j Operation suspended; see
"1 MANUAL for 1897, p. 184.
Central of Georgia Ry.
Middletown & Cincin. RR.
Middlesborough.
Sunbury and Lewiston.
Millen and Southwestern.
Road abandoned.
Minneapolis and St. L. RR.
J Operation suspended; see
1 MANUAL for 1897.
Chicago and Alton.
Missouri, Kansas & Texas.
Cape Gir., Bloom. & So.
Central of Georgia Ry.
Central of Georgia Ry.
Mont, and Province Line.
Moore County & Western.
Knoxville and Bristol.
Mt. J., C)ermont& North'n.
Saratoga and Mt. McGregor.
Now classed as Street Ry.
Louisiana Southern.
Long Island.
Long Island.
New England (The).
Sea Beach.
Erie.
Nypano.
Norfolk, Va. B'ch & South.
St. L., Peoria & Northern.
New York and Ottawa.
Northern Pacific.
Kent Northern.
West'n N. Y. & Pennsylv.
New York & Pennsylvania.
Corvallis and Eastern.
Pacific Coast Co.
Oregon RR. & Navigat'n Co.
Oregon Short Line RR.
Chic., Indianap. & Louisv.
Atlantic and Lake Superior.
Chic., St. L. &N. O.UM.C.)
Nashv., Chatt. & St. Louis.
Texas Southern.
Pecos Vy. & Northeastern.
Rock Island and Peoria Ry.

> Petersburg.

West Jersey and Seashore.
Southern.
Pine Bluff Ark. River Ry.
Pittsburgh, Lisbon & West.
Pittsb., Bessemer & L. E.
Abandoned.
Marshfield & Southeastern.
Charleston & W. Carolina.
Charleston & W. Carolina.
Chic., Milw'kee & St. Paul,
Rock Island and Peoria.
Blakeley RR.
Egypt.
No longer in existence.
Los Angeles and Redondo.
Great Northern.
Denver and Rio Grande.
Norfolk and Western.
Nashv., Chatt. & St. Louis.

Rumford Falls & Buckfield.
St. Joseph Valley

Portland & Rumford Falls.
Mil., Benton Har. & Col.
111. Central, St. L. Div.
St. L., Peoria & Northern.
St. Louis & San Francisco.
Illinois Central.
Buffalo, St. Mary's &S'w'n.
Northern Pacific.
Bowden Lithia Springs RR.
San Antonio and Gulf.
Denver and Rio Grande.
Bombay and Moira.
Central of Georgia.
Central of Georgia.
Astoria and Col. River.
j Seattle and International.
1 Spokane and Seattle.
Seattle Warehouse & Term.
N. Y., New Hav. & Hartf.

St. Louis, Alton & T. H... .
St. Louis and Peoria.

Malone and St. Lawrence. .
Marietta and North Georgia
Martin's Creek RR. of N. J.
Martin's Creek RR. of Pa. .

Martha's Vineyard

St. Louis, Salem & Ark
St. Louis Southern

St. Mary's & Southwestern.
St. Paul and Northern Pac.
Salt Spr'gs & Bow.Lith.RR.
San Antonio <fc Gulf Shore.
Santa Fe Southern

Meriden, W'bury & Ct. Riv.
Middle & East Tenn. Cent..
Middle Ga. and Atlantic. . . .

Middletown & Cincin. Ry. .
Middlesborough Belt

Saratoga and St. Lawrence.
; Savannah and Atlantic
Savannah and Western
Seashore

Seattle, Lake Shore & East.

Seattle Term.Ry.& Elevator
iShore Line

Mifflin and Centre County. .
Millen and Southern

Milton and Sutherlin. . . .

Minneapolis and St. L. Ry..
Mississippi and Little Rock.

Miss. River Bridge
Missouri, Kansas & Eastern
Missouri Southeastern

jShort Route Ry. Transfer. .
Sibley Lake, Bis. & South..
Sierra Val. & Mohawk RR.
Silver City and Northern. . .
Sinnemahoning Valley
(South and North Carolina. .
Southeastern Ry

Illinois Central.
No returns.
Sierra Valley.
Atch., Top. & Santa Fe.
Buffalo and Susquehanna.
Manchester and Augusta.
Montreal and Atlantic.
Lehigh and New York.
See MANUAL for 1895.
Road abandoned.
Missouri, Kansas & Texas.
Abandoned.
Buffalo and Susquehanna.
( Not in operation ; see
1 MANUAL for 1896.
Asheville and Spartanburg.
Northern Pacific.
j Reorg. June 1, 1895, as the
1 Noland Land & Tr. Co.
Northwestern Coal.
Erie.
See MANUAL for 1895.

i Tacoma & Columbia Riv.

Louisville and Nashville.
Abandoned.
Gulf, Col. & Santa Fe.
Texas and New Orleans.
j Operation suspended; see
1 MANUAL for 1896.
j Operation suspended; see
"( MANUAL for 1897.
Tionesta Valley Ry.
Ann Arbor.
Pennsylvania RR.
Bald Eagle Valley.
Union Pacific RR.
Dissolved Aug. 29, 1894.
Clev. Valley & Terminal.
Louisv. Ev. & St. L. Consol.
Oregon RR. & Navigation.
Southern.
Watauga.
Erie.
West'n N. Y. & Pennsylv.
West'n N. Y. & Penn. Ry.
Western Jersey & Seashore.
j Operation suspended ; see
1 MANUAL for 1897, p. 134.
Road abandoned.
Road abandoned.
Oregon Central & Eastern.
Wilm., Columbia & Aug.

V Wilmington and Weldon.

Winona and Western.
Southern.
See MANUAL for 1896.

Mobile and Girard . ...

Montgomery and Eufaula . .
Mont., Portland and Boston
Moore County

Southern Central

Sonthfield Branch

So. Galveston & Gulf Shore
Southwestern Mineral
Southwestern RR. (Fla.)...
Susquehanna

Morristown and Cuinb. Gap
Ml. Jewett and Southport. .
Mount McGregor

New Albany Highland
New Orleans and Southern.
New York and Flushing —
New York and Long Beach.
New York & New England.
New York and Sea Beach. .
N. Y., Lake Erie & Wesfn.
New York, Penn. & Ohio. .
Norfolk, Albemarle & Atl..
North and South of Illinois.
Northern New York

Suwannee River Ry

Spartanbnrg, Union v.& Col.
Spokane and Palouse

Stone Mtn.RR.& Q'arry Co.

Superior Belt Line * Term.
Suspension Br. & Erie June.
Syracuse and Baldwinsville
Tacoma & L. Cy.RR.& Nav.
Tacoma, L. Pk. & Col. Riv.
Tennessee Midland

Northern Pacific & Mont.. .
Northern Ry ....

Tenn. Riv., Ashev. & Coosa
Texas, La., and Eastern
Texas Transportation

Northwestern Pennsylvania
Clean, Oswayo and Eastern.
Oregon Cent. & East
Oregon Improvement Co. . .
Oregon Ry. Extension Co. .
Oregon Sh't L. & Utah No.
Orl.,W.Baden&Fr.L.S'p'gs.
Ottawa Valley

Texas Western

Tiadaghton & Fahnestalk. .
Tionesta Valley RR

Tol., Ann Arb. & No. Mich.
Trenton Cut Off

Owensb., F. of R. & G. Riv.
Paducah, Tenn. & Alabama.
Paris, Marshall & Sab. Pass
Pecos Valley

Tyrone and Lock Haven. . .
Union Pacific Ry

Utica and Unadilla Valley. .
Valley (Ohio).

Peoria Terminal Ry

Petersburg and Asylum. . . .
Petersburg and Western. . .
Phila., Marlton & Medford.
Piedmont RR

Venice and Carondelet Belt
Washington and Idaho
Wash'gton, Ohio & West'n.
Watauga Valley RR

Pine Bluff and Eastern
Pittsburgh, Marion & Chic.
Pittsb'gh Shenango & L. E.
Portage Creek & Rich Vy. .
Port Edwards, Cent. & Nor.
Port Royal and Augusta. . .
Port Royal & West.Carolina
Prairie du Ch'n & McGregor
Preemption Eastern RR
Pnget S'd and Gray's Harb.
Raleigh and Western

Weehawken Branch

Western New York

Western N. Y. & Penn. RR.
West Jersey and Atlantic. .

West Range

Wilcox

Wilcox and Rocky Run
Willamette Valley & Coast.
Wilmington and Conway. . .
Wilmington and New Bern.
Wilm., New Bern & Norf . .
Wilm., Onslow & Eastern. .
Winona and Southwestern .
Yadkin

Raleigh Springs RR

Redondo

Red River Valley & West'n
Rio Grande and Santa Fe. .
Roanoke Southern

Youghiogheny & W. Haven

Rome

Ill

POOR'S BUREAU

• OF-

Information and Investigation,

Conducted in connection with and as an adjunct to

»

Poor's Manual of Railroads,

WILL FURNISH UPON ORDER

DETAILED INFORMATION RELATIVE TO NEW OR
PROJECTED RAILROADS,

ANALYSES OF RAILROAD AND OTHER REPORTS,

STATISTICS OF STEAM, ELECTRIC, CABLE AND
HORSE RAILWAYS,

ADVANCE INFORMATION RELATIVE TO RAILROAD
REPORTS, ETC.; OR WILL MAKE

FULL AND COMPREHENSIVE INVESTIGATIONS INTO
RAILROAD MORTGAGES, BONDS, LEASES OR
OTHER CONTRACTS.

Special attention will be given to the preparation of Historical State-
ments of existing or defunct corporations ; to investigations into the value of
old railroad bonds, and to the preparation of statistical exhibits designed to
show the value of railroad securities. Besides this, investigations will be made
at any time through official channels into the status of new projects, and re-
ports made thereon. Proceedings in foreclosure or reorganization will be care-
fully followed, and all facts relating to such proceedings noted for reference.

ANNUAL SUBSCRIPTION, SIOO.

Address

• JOHN P. MEANY, Manager,

44 Broad Street, New Yorfs, 3". Y.

112

THE BASS FOUNDRIES

LOCATED AT

Fort Wayne, I nd

J. H. BASS, Pres't.
J. I. WHITE, Sec'y.
R. J. FISHER, Treas.

BASS FOUNDRY AND MACHINE WORKS

MANUFACTURERS OF

CAR WHEELS AND AXLES

For Freight, Passenger, Electric and Cable Cars.

RAILROAD CASTINGS AND IRON AND STEEL FORCINGS

IMPROVED CORLISS ENGINES.
TUBULAR AND LOCOMOTIVE BOILERS.

MAIN OFFICE AND WORKS,

FORT WAYNE, IND.

NEW YORK OFFICE,

39-41 CORTLANDT ST.

St. Louis, Mo.

J. H. BASS, Pres't.
J. I. WHITE, V.-Pres't.
J. W. NUTE, Sec'y.
J. M. DUTRO, Treas.

ST. LOUIS GAR WHEEL CO.

MANUFACTURERS OF ALL KINDS OF

Chilled Wheels
and Castings.

GENERAL OFFICE AND WORKS, CABANNE ST. & MO. PAC. RY.

CITY OFFICE,

No. 504 Bank of Commerce Building, BROADWAY and OLIVE ST.
S»T. XjOTJIS. JVIO.

Lenoir City, Tenn,

J. H. BASS, Pres't.
J. I. WHITE, Sec'y.
F. S. LIGHTFOOT, Treas.

LENOIR FOUNDRY COMPANY

MANUFACTURERS OF

CHILLED WHEELS

OF SUPERIOR QUALITY FOR

Locomotives, Passenger, Freight and Mining Cars.

CAM AND LOCOMOTIVE CASTINGS AND
GENERAL FOUNDRY WORK.

Office and Works, - LENOIR CITY, TENN.

FORT WAYNE FOUNDRY & MACHINE CO,

MANUFACTURERS OF

Chicago, III,

J. H. BASS, Pres't.
C. T. STRAWBRIDGE, Sec'y.
F. S. LIGHTFOOT, Treas.
A. WALLACE, Sup't.

CAR, ENGINE, TENDER, lAf II
TRUCK AND DRIVING " FI

Cylinders, Railroad and General Castings.

OFFICE, WORKS,

7O7 TBE ROOKERY. Near C., R. I, & P. R.R. Shops,

ALPHABETICAL INDEX TO ADVERTISERS.

The Advertisements will be found in the FRONT of the MANUAL and at the BACK of the book, and facing List
of Railway Officials, etc. In each case the location is specified in connection with the paging, front and
back being designated by those words, and advertisements facing List of Railway Officials, etc., etc., being
designated " Text." Advertisements on backs of maps are designated as being on a certain page of a certain
Section Map. The twenty Section Maps will be found between the end of the " Introduction " and page 1
of text.

PAGE, PAGE,

FRONT. BACK.

Aetna Standard Iron and Steel Co Bridgeport, Ohio. 38

Back of Title Page. American Bank Note Co New York, N. Y. —

— American Engineer, Car Builder and Railroad Journal. . .New York, N. Y. Text 1435

— American Railway Supply Co New York, N. Y. 23

71 American Service Union New York, N. Y. —

American Ship Windlass Co Providence, R. I. Text 1492

118 American Warehousemen's Ass'n New York, N. Y. —

15 American Water and Gas Corporation New York, N. Y. —

— American Yacht Agency (C. H. Bliven) New York, N. Y. Text 1492

20 Atlantic Mutual Insurance Co New York, N. Y.

32 Audit Company of New York. . New York, N. Y. —

53 Baldwin Locomotive Works Philadelphia, Pa. —

58 Bank of Montreal Montreal, Canada. —

Barney & Smith Car Co Dayton, O. 30

6 Barroll & Azoy New York, N. Y.

112 Bass Foundry Machine Works Ft. Wayne, Ind. —

Baxter, G. S., & Co New York, N. Y. 21

88 Belmont, August, & Co New York, N. Y.

Belleville Copper Rolling Mills (Hendricks Bros.) New York, N. Y. 1

Berwind-White Coal Mining Co New York, N. Y. 40

Besly, Chas. H., & Co Chicago, HI. 8

Bethlehem Iron Works South Bethlehem, Pa. 3

— Bieling, Niemeyer & Wessels New York, N. Y. Text 1477

Billmeyer & Small Co York, Pa. 28

Bliss, E. W., Co Brooklyn, N. Y. Text 1483

Bliven, C. H. (American Yacht Agency) New York, N. Y. Text 1492

24 Borg, Simon, & Co New York, N. Y. —

29 Borie, C. &H Philadelphia, Pa. —

16 Bragg & Marin New York, N. Y.

27 Branch, C. W., & Co Richmond, Va.

Briggs, Marvin New York. N. Y. Text 1486

Brill, J. G., Co Philadelphia, Pa. 39

Brooks Locomotive Works Dunkirk, N. Y. 37

Browne & Rafter New York, N. Y. 9

52 Brown Bros., & Co New York, N. Y. —

See also Classified Index to Advertisers, pages 1461 to 1492, Inclusive.
REFEE TO ADVERTISEMENTS FOR LOCAL ADDRESSES.

114 ALPHABETICAL INDEX TO ADVERTISERS.

PAGE. PAOE,
FRONT. BACK.

52 Brown, Shipley & Co London, Eng. —

Buffalo Car Mfg. Co Buffalo, N. Y. 27

53 Burnham, Williams & Co t. Philadelphia, Pa. —

Burr Index Co Hartford, Conn. 19

118 Butterworth, Frank New York, N. Y. —

Carborundum Co., The Niagara Falls, N. Y. * 20

1 Carnegie Steel Co Pittsburgh, Pa. —

48 Central Trust Co New York, N. Y.

40 Chicago National Bank Chicago, 111.

Chicago Kailway Equipment Co. Chicago, 111. 24

5 Clark Electric Specialty Mfg. Co Minneapolis, Minn.

— Cleveland Stone Co Cleveland, O. 8

Coal Trade Journal '. . .New York, N. Y. Text 1410

— Coe Brass Mfg. Co Torrington, Conn. 38

Columbia Construction Co Syracuse, N. Y. 10

— Continuous Rail Joint Co. of America Newark, N. J. 25

— Cooke Locomotive & Machine Co Paterson, N. J. 36

Cooper, Hewitt & Co New York, N. Y. 41

27 Corey, Edwin F New York, N. Y.

Crouch Construction Co Chicago, 111. 10

31 Cuyler, Morgan & Co New York, N. Y. —

30 Davis, John H., & Co. ... i New York, N. Y. —

— Detroit Lubricator Co Detroit, Mich. Text 1479

— Dilworth, Porter & Co., Ltd Pittsburgh, Pa. 14

Dorner Truck & Mfg. Co Cleveland, 0. 14

91 Drexel & Co Philadelphia, Pa. —

Dudgeon, Richard New York, N. Y. 11

Dunlap, D. C Chicago, 111. Text 1184

Duquesne Forge Co Rankin Station, Pa. 14

Edge Moor Bridge Works (P. O. address), Wilmington, Del. 4

Edson & Havemeyer New York, N. Y. 12

Egan Co., The Cincinnati, O. 28

Electric Storage Battery Co Philadelphia, Pa. Text 1461

39 Equitable Trust Co Chicago, 111. —

E wald Iron Co St. Louis, Mo. 14

50 Farmers' Loan & Trust Co New York, N. Y. —

Fay, J. A. & Co Cincinnati, O. 22

Felt & Tarrant Mfg. Co Chicago, 111. 18

— Ferguson Contracting Co New York, N. Y. 9

38 ^First National Bank Milwaukee, Wis. —

Facing Inside Front Cover. Fisk, Harvey & Sons New York, N. Y. —

112 Ft. Wayne Foundry & Machine Co Chicago, 111. —

22 Franklin-Lee Bank Note Co New York, N. Y. —

French A., Spring Co Pittsburgh, Pa. 5

Funk & Wagnalls Co New York, N. Y. 19

Galena Oil Works -Franklin, Pa. 15

13 General Electric Co. (New York, N. Y.) Schenectady, N. Y. —

Gould & Eberlmrdt Newark, N. J. 6

See also Classified Index to Advertisers, pages I Hi I to 1492, inclusive.
REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES,

ALPHABETICAL INDEX TO ADVERTISERS. 115

PAGE, PAGE,

FKONT. BACK.

15 Guaranty Development Co ! .New York, N. Y.

44 Guaranty Trust Co. of New York. (See also Outside Back Cover.) New York, N. Y. —

43 Harris, N". W. & Co. (Chicago, Boston) New York, N. Y.

Hays Mfg. Co . . .. Erie, Pa. Text 1476

Hendey Machine Co., The Torrington, Conn. Text 1396

— Hendricks Bros New York, N. Y. 1

Hill, Warren & Co., The .Hartford, Conn. 10

— Holland, Jackson New York, N. Y. 10

41 Hollister & Babcock New York, N. Y.

14 Hutchinson, Gary T New York, N. Y.

Illinois Steel Co Chicago, III. 4

— International Bank Note Co. Facing Page 1 of Text New York, N. Y. —

— International Construction Co Detroit, Mich. 10

— International Contracting Co New York, N. Y. 22

— Jackson Mfg. Co Harrisburg, Pa. 6

3 Jessop, Win., & Sons (Limited) New York, N. Y.

19 Journal of Commerce and Commercial Bulletin New York, N. Y. —

57 Kidder, Peabody & Co Boston, Mass. —

39 Knickerbocker Trust Co New York, N. Y.

27 Knickerbocker Trust Co. Safe Deposit Vaults New York, N. Y.

Inside Front Cover. Kountze Bros New York, N. Y. —

Krupp (Thos. Prosser & Son) .New York, N. Y. 26

— Lambert Hoisting Engine Co. Newark, N. J. 23

2 Latrobe Steel Co Philadelphia, Pa.

— Lenoir Car Co Lenoir City, Tenn. 28

112 Lenoir Foundry Co Lenoir City, Tenn. —

14 Lentilhon, Eugene New York, N. Y. —

3 Lidgerwood Mfg. Co New York, N. Y.

— Lima Locomotive & Machine Co., The Lima, O. 37

— Lobdell Car Wheel Co Wilmington, Del. 26

Macfarren, S. J. (M. E.) Pittsburgh, Pa. 14

51 Manhattan Trust Co New York, N. Y.

— Manufacturers' Record Publishing Co Baltimore, Md. Text 1451

35 Maryland Trust Co Baltimore, Md.

McConway & Torley Co Pittsburgh, Pa. 39

— McCoy, Jos. F., Co. New York, N. Y. 23

34 Mercantile Trust & Deposit Co. of Baltimore Baltimore, Md.

Merrill Bros Brooklyn, N. Y. 24

36 Metropolitan Trust Co New York, N. Y.

33 Middendorf , Oliver, & Co Baltimore, Md.

Millar, Chas., & Son Utica, N. Y. Text 1469

Opposite Page 1. Milton Car Works (Murray, Dougal & Co., Ltd.) Milton, Pa.

37 Missouri, Kansas & Texas Trust Co .Kansas City, Mo.

36 Moffat & White New York, N. Y.

Monarch Cycle Mfg. Co Chicago, 111. 8

91 Morgan, J. P., & Co New York, N. Y.

25 Morton, Bliss & Co. . New York, N. Y. —

See also Classified Index to Advertisers, pages 1461 to 14»2, Inclusive.
REFER TO ADVERTISEMENTS FOB LOCAL ADDRESSES.

116 ALPHABETICAL INDEX TO ADVERTISERS.

PAGE, PAGE,

FRONT. BACK.

Mt. Vernon Car Mfg. Co Mt. Vernon, 111. 27

Opposite Page 1. Murray, Dougal & Co., Ltd. (Milton Car Works) Milton, Pa. —

23 Mutual Life Insurance Co New York, N. Y. —

5 Nathan Mfg. Co New York, N. Y. —

46 National Park Bank of New York New York, N. Y.

National Ry. Publishing Co. New York, N. Y. Text 1409

— New England Ry. Publishing Co Boston, Mass. Text 1410

New Jersey Steel & Iron Co New York, N. Y. 41

New Orleans Wood Preserving Co New Orleans, La. 21

11 New York Air Brake Co New York, N. Y.

New York Dredging Co New York, N. Y. 28

New York Standard Watch Co New York, N. Y. 17

Niles Tool Works Co Hamilton, O. 2

Norris, James L Washington, D. C. 41

49 North American Trust Co New York, N. Y.

42 Norton & Tunstall New York, N. Y.

— Norwalk Iron Works Co South Nor walk, Conn. 7

— Ohmers, M. Sons Co., The Dayton, 0. 16

4 Page Woven Wire Fence Co Adrian, Mich. —

(New York, N. Y., and )

— Parkinson & Burr. (See Section Map 1, Page B) \ „

(Boston, Mass. )

— Passaic Rolling Mill Co Paterson, N. J. 5

71 Paxson, Frederick & Co Philadelphia, Pa. —

— Peale, Peacock & Kerr, Inc New York, N. Y. 12

Pennsylvania Co. (See Section 4, Map Page B) Pittsburgh, Pa. —

— Pennsylvania RR. Co. (See Section Map 4, Page B) Philadelphia, Pa. —

21 Phenix Insurance Co. of Brooklyn ... New York, N. Y. —

Phosphor-Bronze Smelting Co., Limited Philadelphia, Pa. Text 1465

Pittsburgh Locomotive & Car Works Pittsburgh, Pa. 83

— Plume & Atwood Mfg. Co Waterbury, Conn. 31

17 Poor & Qreenough New York, N. Y. —

Porter, H. K. , & Co Pittsburgh, Pa. 36

25 Prince & Whiteley New York, N. Y. —

38 Prince, F. H., & Co Boston, Mass.

Prosser, Thos., & Son New York, N. Y. 26

Q. & C. Co .Chicago, 111. 24

Quigley, R. M., & Co St. Louis, Mo. 9

Railway World Publishing Co Philadelphia, Pa. Text 1440

Ramapo Iron Works Hillburn, N. Y. Text 1484

4 Rand Drill Co New York, N. Y.

93 Redmond, Kerr & Co New York, N. Y. —

16 Richards, Benj New York, K Y.

Richmond Locomotive & Machine Works Richmond, Va. 32

Roberts, Nathaniel New York, N. Y. Text 1473

Rockport Granite Co New York, N. Y. 25

Rogers' Locomotive Co Paterson, N. J. 35

Ross, P. Sanford (Incorp.) Jersey City, N. J. 9

— Ryan.W.M New York, N. Y. Text 1485

See also Classified Index to Advertisers, pages 1461 to 1492, Inclusive.

^~ ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.

ALPHABETICAL INDEX TO ADVERTISERS. 117

PAGE, PAGE,

FRONT. BACK.

112 St. Louis Car Wheel Co St. Louis, Mo.

10 Sawyer — Man. Electric Co Allegheny, Pa.

Scarritt Furniture Co St. Louis, Mo. 18

Scheel, Henry C New York, N. T. 8

Schenectady Locomotive Works Schenectady, N. Y. 34

24 Seliginan, J. & W., & Co New York, N. Y.

54 Sellers, Wm. , & Co. (Incorp.) Philadelphia, Pa.

Signal Oil Works Franklin, Pa. 15

— Standard Time Stamp Co New York, N. Y. 16

45 State Trust Co New York, N. Y.

Sternbergh, J. H., & Son Reading, Pa. Text 1464

— Stow Flexible Shaft Co Philadelphia, Pa. 7

2 Taylor Iron & Steel Co High Bridge, N. J.

Townsend, C. C. & E. P New Brighton, Pa. 20

87 Trask, Spencer, & Co New York, N. Y.

Trust Co. of North America. (See Section Map 1, Page A). . .Philadelphia, Pa. —

— Tunis Lumber Co Baltimore, Md. 21

— Turner, J., Cypress Lumber Co New York, N. Y. 21

47 United States Trust Co New York, N. Y. —

— Vauderbilt & Hopkins New York, N. Y. 21

66 Vermilye & Co New York, N. Y.

— Vulcan Iron Works Co Toledo, 0. 22

12 Walker Co. (New Haven, Conn., New York, N. Y.) Cleveland, O.

Warren Chemical and Mfg. Co New York, N. Y. Text 1485

WasonMfg. Co Springfield, Mass. 29

Waterman, L. E. Co New York, N. Y. 19

28 Webb & Prall New York, N. Y. —

27 Weeks, W. R -. . . . .New York, N. Y.

— Weir Frog Co Cincinnati, O. Text 1474

71 Wells, Fargo & Co New York, N. Y. —

41 Welsh, F. R Philadelphia, Pa. —

7 Westinghouse Air Brake Co Pittsburgh, Pa. —

8 Westinghouse Electric and Mfg. Co Pittsburgh, Pa. —

9 Westinghouse Church, Kerr & Co Pittsburgh, Pa. —

9 Westinghouse Machine Co Pittsburgh, Pa. —

Wiley & Russell Mfg. Co Greenfield, Mass. Text 1396

26 Williams, Jno., & Sons Richmond, Va. —

31 Wilson, R. T., & Co. ..* New York, N. Y. —

26 Wing, Chas. T., & Co New York, N. T.

Worthington, Henry R New York, N. Y. Text 1488

Wyckoff, Seamans & Benedict New 'York, N. Y. 18

Wyoming Shovel Works Wyoming, Pa. 24

— Youugstown Car Mfg. Co Youngstown, O. 27

See also Classified Index to Advertisers, pages 1461 to 1492, Inclusive.

^T ALWAYS REFER TO AD VERTISEM EN IS FOR LOCAL ADDRESSES,

118

AMERICAN WAREHOUSEMEN'S ASSOCIATION,

IMPORTANT TO

MANUFACTURERS, IMPORTERS, AND SHIPPERS,

Reliable Rates and General Information as to

STORAGE, FORWARDING AND INSURANCE at all Trade Centers

in the UNITED STATES, can be obtained at office of Association,

No. 346 BROADWAY, NEW YORK.

CORRESPONDENCE SOLICITED. PERCY THOMPSON, Secretary.

WAREHOUSING IN ALL ITS BRANCHES,

BONDED, FREE, COLD STORAGE, FURNITURE, Etc.,

AT

NEW YORK, N. Y. CINCINNATI, OHIO. LOUISVILLE, KY. CHICAGO, ILL.

BOSTON, MASS. NASHVILLE, TENN. SAN FRANCISCO, CAL. ST. LOUIS, MO.

PHILADELPHIA, PA. KANSAS CITY, MO. DENVER, COLO. DES MOINES, IOWA.

NEW ORLEANS, LA. PORTLAND, OREGON. MINNEAPOLIS, MINN. WASHINGTON, D. C.

BALTIMORE, MD. PITTSBURGH, PA. DETROIT, MICH. ST. JOSEPH, MO.

CLEVELAND, OHIO. TOLEDO, OHIO. BUFFALO, N. Y. MILWAUKEE, WIS.

FRANK BUTTERWORTH,

ROOMS 268 and 269,

No. 1 BROADWAY, NEW YORK. 1

RAILWAY LOANS IN LONDON MARKET,

CABLE ADDRESS: "VENTOSA."
CODES USED : BEDFORD McNEILL AND A. B. C.

INTRODUCTION

TO

POOR'S MANUAL FOR 1898.

IN presenting the edition of POOR'S MANUAL for 1898 to the public,
attention is directed to the fact that this issue marks the entrance of the work
upon the fourth decade of its career as the official compendium of the annual
reports of all the railroad companies of the North American Continent. Besides
the returns generally contained in the reports of railroad companies, made to
their shareholders, in the statements presented in the MANUAL there is added
considerable information in respect to the development of the roads and systems,
consisting of carefully prepared reviews of their several histories, with especial
reference to the development of their lines by construction, lease or otherwise,
the terms under which leased lines are controlled and a thorough description
of the securities under which each division or branch has been built, etc.,
together with statistical exhibits, covering periods of from eight to thirty-four
years, containing abstracts of their capital and income accounts, the increase
in their freight and passenger traffic and other facts that may be necessary
to present at a glance the financial history of the several companies in sufficient
detail to meet all the requirements of our subscribers.

The delay in the publication of the MANUAL this year, which is about two
weeks later than the time of publication of the edition for 1897, is in some
measure due to the late date on which complete information was received from
the great railroad systems, but may be chiefly ascribed to the lack of uniformity
in supplying the MANUAL with the required returns. Distinct in every respect
from the reports of the Inter-state Commerce Commission, or of the several
boards of State Railroad Commissioners, the Manual of Railroads which is
universally recognized as the standard authority on railroad affairs must perforce
accept the official reports of the companies as rendered to their respective
shareholders, since the returns made to the Inter-state Commerce Commission
and other authorities are not accessible to the publishers of the MANUAL.
Furthermore, as all railway managers and accounting officers are alive to the
importance of presenting the latest information in the MANUAL — a work that
is a constant source of reference — many, if not a majority, hold back their
returns until the very latest date. Yet despite these delays, and notwithstanding
the fact that the MANUAL of to-day, comprising in text and Introduction say
1,476 pages, representing in the labor of its compilation and printing the work
on a book (equivalent in comparison to the volume for 1880) of at least 3,500
pages, the publishers feel that this great task is performed with commendable
promptness in comparison with that performed by our state and national
authorities, or even with those of the great railroad corporations.

PRESS OP J. J. LITTLE & CO., ASTOR PLACE, N. Y.

11

Statement showing the mileage, equipment, liabilities, and assets, mileage operated, traffi
operations, gross and net earnings, interest and dividend payments, etc., etc., of all the Surfac
Steam Railroads in the United States at the close of their respective fiscal years ending in 1890 t
1897 inclusive (omitting, in 1896 and 1897, all switching and private roads not reporting operations)

1897

1896

1895

1894

1893

1892

1891

1890

Mileage of Railroads.
2d Track, Sidings, etc.

Total Track

Mies.
179,692.57
57,218.95

Miles.
178,549.33
56,933.46

Miles.
179,821.26
55,209.80

Miles.
178,054.02
54,701.16

Miles.
175,441.77
52,410.89

Miles.
171,804.72
49,823.81

Miles.
167,845.56
46,683.39

Miles.
163,358. S
44,792. S

236,911.52
211,928.31
24,983.21

No.
35,810
25,275
8,133
1,229,335

235,482.79
207.618.82
27,863.97

No.
36,080
24,788
7,839
1,240,061

235,031.06
206,381.05
28,650.01

No.
36,610
26,419
7,891
1,230,798

232,755.18
197,491.43
35,263.75

No.
36,304
26,357
7,921

1,228,781

227,852.66
190,717.71
37,134.95

No.

36,118
27,179
7,877
1,206,444

221,628.53
182,710.76
38,917.77

No,

34,626
24,604
7,830
1,177,113

214,528.95
174,775.14
39,753.81

No.

33.563
23,083
7,368
1,163,679

208,151.6
167,457. E
40,694.3

So,

31.81
21,6«

7,2E
1,061,98

Steel Rails in Track. .
Iron Rails in Track. . .

Locomotire Engines.
Cars— Passenger
Bag., Mail, etc.
Freight

Total Revenue Cars

Liabilities : -
Capital Stock
Bonded Debt
Unfunded Debt

1,262,743

s

5,453,782.046
5,411,058,525
374,389,673
392,481,496

1,272,688

$
5,290,730,567
5,426,074,969
339,502.302
386,382,440

1,265,108

$
5,181,373,599
5,648.659,436
418,536,623
429,331,956

1,263,059

$
5,027,604,717
5,605,775,764
382,927,834
438,911,691

1,241,500

9
5,021,576,551
5,510,225,528
409,909,043
381,575,253

1,209,547

1
4,863,119,073
5,405,049,969
285,455,287
417,466,957

1,194,130

$
4,751,750,498
5,178,821,989
345,102,632
374,051,161

1,090,86

$
4,590,171,.'*
5,053,319,115
375,281 ,'-«
269.914,»iS

Current Accounts ...

Total Liabilities. .
Excess of Assets |
oyer Liabilities . . . j

Total

11,631,711,740
299,901,913

11,442,690,278
364,806,935

11,677,901,614
358,622,751

11,455,220,006
353,205,967

11,323,286,375
406,750,426

10,971,091,286
388,469,733

10,649,726,280
341,697,259

10,288,687.5
301,918, IS

11,931,613,653

10,029,151,607
1,509,841,062

222,089,700
170,531,284

11,807,497,213

9,963,767,710
1,450,418,025

231,915,121
161,396,357

12,036,524,365

9,868,102,973
1,683,909,608

259,804,963
224,706,821

11,808,425,973

9,693,141,387
1,651,366,198

238,306,800
225,612,088

11,730,036,801

9,573,703,214
1,671,841,101

244,614.098
239,878,388

11,359,561,019

9,293,052,143
1,600,493,849

253,089,497
212,925,530

10,991,423,589

8,927,571,592
1,588,590,522

233,862,243
241,399,182

10,590,605,ft

8,710,300,30
1,458,599,0*

223,202,51
198,503,73

Assets :
Cost of RR. & Equip.
Real Estate, Stocks*, )
Bonds, and Other V
Investments )
Other Assets

Current Accounts....
Total Assets

Miles of RR. Operated
Rev. Train Mileage :
Passenger

11,931,613,663

Mies.
181,132.70

342,464,408
500,326.372
15,235,049

11,807,497,213

Mies.
180,891.19

337,641,115
497,248,296
15,785,433

12,036,534,365

Miles.
179,153.62

326,184,596
491,410,820
15.457,939

11,808,425,973

Miles.
176,220.55

325,981,869
475,789,885
15,381,001

11,730,036,801

Miles.
173,361.38

338.551,608
531,340,754
17,751,928

11,359,561,019

Miles.
170,606.84

323,930,550
523,831,458
17,148,455

10,991,423,539

Miles.
164,261.91

320,712,013
493,541,969
16,948,394

10,590,605,64

Miles.
157,976.4

297,244,70
482,900,42
13,780,01

Freight .

Mixed

Total

858,026,179
504,106,525

12.494.958,000
788,385,448
97,842,569,150

$

253,557,930
780,351,939
89,636,791

850,674,844
535,120,756
13,054.840,243
773,868,716
93,885,853,634

$
265,313,258
770,424,013
89,894,754

833,053.355
529,756,259
12,609,082.551
755,799,8&3
88,567,770,801

$
260,929,741
743,784,451
87,681,245

817,152,755
569,660,216
13,600,531, 635
674,714,747
82,219,900,498

$

275,352,190
700,477,409
91,113,759

887,644,290
597,056,539
14,979,847,458
757,464,480
90,552,087,290

$
310,442,870
808,494,668
88,168,488

864,910,463
575,769,678
13,584,343,804
730,605,011
84,418,197,130

$
293,557,476
794.526,500
80,952,864

831,202,376
556,015.802
13,316,925,239
704.398.li09
81,210,154,523

$
290,799,696
754,185,910
80,549,209

793,925,14

520,439,08
12,521,565,84
691,344,43
79,192,985,15

$
272,320,9fl
734,821,73
71,692,64

Passengers Carried . . .
Passenger Mileajre . . .
Tons Freight Moved .
Freight Mileage

Traffic Earn'gs— Pass.
Freight

Miscellaneous
Total

1,123,546,666
338,170,195

95,013,907

1,125,632,025
332,333,756

104,007,542

1,092,395,437
323,196,454

113,768,075

1,066,943,358
317,757,399

96,158,834

1,207,106,026
358,648,918

111,166,837

1,169,036,840
352,817,405

114,428,952

1,125,534,815
350,807,370

101,139,823

1,078,835,33
341,66i5,3fl

108,04o,38

Net Earnings

Receipts from Other 1
Sources f

Total Avail. Revenue.

Payments :
Rentals, Tolls, etc ...
Interest on Bonds
Other Interest. .

433,184,102

58,600,768
231,046,819
5,638,298
82,630,989
28,124,474

436,341,298

59,081,058
242,415,494
7,996,456
81.364,8.54
34,233,688

436,964,529

68,885,266
239.698,134
8,197,750
81,685,774
33,404.887

413,916,233

60,840,237
234,702,912
7,444,802
83,478,669
38,220,068

469,815,755

64,698,368
237,677,728
7,107,718
94,295,815
38,190,641

467,246,357

62,541,445

229,909,292
6,593.287
93.862,412
32,708,646

451,947,193

64,243,732
222,652,306
5,917,593
89,099,757
31,008,271

449,713,76

58,841,84
217,922,67
6,575,64
83,515,71)
84,7'S,1<)

Dividends on Stock . .
Miscellaneous

Total Payments . .
Balance, Surplus or I
Deficit )

406,036,348
S. 27,147,754

425,091,550
S. 11,249,748

431,871,811
S. 5,092,718

424,686,688
Z>.10,770,455

441,970,270
S. 27,845,485

425,615,082
S. 41,631,275

412,921,659
8. 39,025,534

401,6:>3,8?
S. 48,01)8,87

Ill

Statement showing, by groups of States, the mileage, equipment, liabilities, and assets, mile-
age operated, traffic operations, gross and net earnings, interest and dividend payments, etc., etc.,
of all the Surface Steam Railroads in the United States at the close of their respective fiscal years
ending in 1897 :

New
England
Group.

Middle
Group.

Central
Northern
Group.

South
Atlantic
Group.

Gulf and
Mississippi
Vy. Group.

South-
western
Group.

North-
western
Group.

Pacific
Group.

tfileage of Railroads.
2d Track, Sidings, etc.

Total Track

Miles.
7,520.59
4,600.24

Miles.
21,506.60
17,388.79

Miles.
53.015.76
18,431.83

Miles.
21,806.21
3,713.43

Miles.
11,900.00
2,406.06

Miles.
33,263.08
5,401.02

Miles.
23,541.86
4,574.27

Miles.
10,992.97
1,638.05

12.120.83
11,225.56
895.27

No.
2,551
3,538
754
47,992

38,895.39
35,702.78
3,192.61

No.
10,303
8,57'4
2,154
445,829

71,447.59
62,794.71
8,653.48

No.
10,382
5,927
2,220
364,039

25,519.64
23,067.16
2,452.48

No.
2,942
1,859

784
82,802

14,306.06
12,853.38
1,452.68

No.
1,724
1,043
379
54,174

38,664.10
33,952.52
4,711.58

No.
4,396
2,047
955
120,594

28,116.13
24,823.24
3,292.89

No.
2,928
1,464
605
99,219

12,631.02
11,238.48
1,392.54

No.
1,184
1,202
329
22,413

Steel Rails in Track..
Iron Kails in Track..

Locomotive Engines.
3ars— Passenger
Bag., Mail, etc.
Freight

Tot. Revenue Cars

Liabilities :
Capital Stock
Bonded Debt
Unfunded Debt

52,284

$

307,307,791
181,102,772
17,844,103
18,429,559

456,557

1

1,410,237,598
1,322,421,509
101,884,747
120,534,949

372,186

$

1,219,448,960
1,429,305.032
53,031,790
84,794,128

85,445

$

536,032,574
429,261,801
21,867,800
30,255,110

55,596

$

247,782,231
311,210,685
17,473.174
21,685,714

123,596

$
980,441,896
896,197.330
62,088,121
61,880,367

101,288

$

555,696,245
650,238,590
60,369.183
53,737,220

23,944

364,393,352
296,318,573
46,210,787
6,511,814

Current Accounts

Total Liabilities..
Excess of Assets |
over Liabilities. ,. )

Total

524,684.225
17,106,874

2,955,078,803
87,442,569

2,786,579,910
113,255,386

1,017,417,285
1,660,981

598,151,804
D. 2,308,554

2,000,607,714
D. 8,078,086

1,320,041,238
53,189,232

713,434,526
45,524,794

758,959,320

692,109,553
52,397,294

6,859,837
7,592,636-

541,791,099

448,194,752
62,449,061

15,784,408
15,362,878

3.042,521,372

2,215,765,975
686,843,132

79,760,086
60,152,179

2,899,835,296

2,538,454,250
271,694,000

55,833,921
33,853,125

1,019,078,266

934,631,012
58,537,411

12,846.092
13,063,751

595,843,250

522.696,407
55,146,692

9,935,264

8,064,887

1,373,230,470

1,778,432,772
169,268,480

21,225,556
23,602,820

1,373,230,470

1,173,936,757
163,214,430

23,278,960
12,800,323

Assets :
Doet of RR. & Equip.
Real Estate, Stocks, )
Bonds, and Other V
Investments )
5ther Assets
Current Accounts. . . .

Total Assets

tf iles of RR. Operated
Sev. Train Mileage. . .
Passenger
Freight

541,791,099

Miles.
7,602.33

31,485,978
23,647,747
444,526

3,042,521,372

Miles.
22,617.01

92.378,779
151,589,704
2,668,319

2,899,835,296

Miles.
54,462.04

102,814,710
156,091,769
2,001,267

1,019,078,266

Miles.
21,427.16

25,231,039
33,546,636
3,633,186

595,843,250

Miles.
9,964.53

14,574,031
23,592.202
1,227,416

1,992,529,628

Miles.
31,820.77

35,653,318
61,209.372
2,899,332

1,373,230,470

Miles.
22,020.29

26,778,543
33,766,216
1,254,323

758,959,320

Miles.
11,959.94

13,555,345
17,706,304
1,265,447

Mixed

Total

55,578,251
109,064,36;
1,853.911,708
43.9-21,712
3,640,996,782
$
34,410,597
43,%3,134
6,527,110

246,636,802
196,948,815
3,781,345,146
363,174,828
36,331,212,59(1
$
69,095,960
212,6*3,412
27,586,028

260,907,746
111,413,808
3.336,185.2-12
226,&33,955
30,520,883,274
$
68,775,860
223,197,439
29,342,339

62,410,861
19,357,417
725,754,206
48,550,606
6,879,857,138
$
16,576,920
52,678,209
6,466,384

39,393,649
11,859,847
448,717,681
30,793,751
4,181,985,521
$
10,638,444
35,900,079
4,346,115

99,762,022
19,165,977
1,006,772,880
49,552,336
9.356,242,003
$
24,094,637
99,433,044
13,320,916

61,799,082
11,156,023
628,164,721
39,921.519
7,252,595,347
$
15,702,01!)
71,984,346
7,081,643

32,527,096
25,161,769
714,213,906
15,421,020
3,307,657,992
$
14,864,379
39,017,906
5,229,706

Passengers Carried. . .
Passenger Mileage . . .
Tons Freight Moved .
freight Mileage

rrafflc Earn'gs— Pass.
Freight

Miscellaneous —
Total

84,900,841
21,418,192

11,038,050

309,315,400
95,903,267

51,921,414

321,315,638
98,792,699

13,065,733

75,721,513
21,623,189

4,155,992

50,884,638
15,132,282

1,789,385

136,848,597
36,345,833

4,063,608

94,768,008
33,212,427

8,985,713

59,111,991
20,273,425

2,409,097

Net Earnings

Receipts from Other (
Sources )

Total Avail. Rev.

Payments :

Jentals, Tolls. etc....
Interest on Bonds
Other Interest

32,456,242

8,524,036
8,253,759
525,644
15,243,622
83,858

147,824,681

29,641,754
59,355,391
2,259,174
30,161,895
15,025,800

111,858,432

6,860,297
64,665,093
882,111
26,982.854
4,935,369

25,779,181

2,102,959
17,640,579
498.033
2,579,035
1,295,558

16,921,667

1,933,968
11,740,256
197,022
1,002,420
903,145

40,409,441

3,428,380
30,143.800
493,513
1,926,216
1,993,934

42,198,140

5,866,131
26,927.439
517,487
6,012,241
2,821,001

22,682,522

1,168,412
14,806.882
403,743
405,000
2,063,535

Dividends on Stock..
Miscellaneous

Total Payments..
Balance. Surplus or 1
Deficit f

32,630,918
Def. 174,676

136,444,014
8. 11,380,667

104,325,725
S. 7,532,706

24,116,164
S. 1,663,017

15,776,811
S. 1,144,856

37,985,843
S. 2,423,598

42,144,299
S. 53,841

18,847,572
S. 3,834,950

IV

In the foregoing table, showing the results of the operations of the rail-
roads of the United States by groups, together with their capital accounts, etc.,
all of the lines in the country are included ; that table differing from the
summary for 1897 shown on the page opposite to it, in the respect that it
includes for each group of states full returns of all the roads classified as below,
whereas the summarized figures given for 1897 in the comparative table for the
years 1890 to 1897, omit the returns of classes 4 and 6, in order that the general
result may be uniform with the recapitulations of former years.

The following table shows the classification now adopted for all the
railroads, and the chief items for each classification for 1897 :

Class 1.

Class 2.

Class 3.

Class 4.

Class 5.

Class 6.

Total.

Mileage of Railroad Owned
Capital Stock

179,128.19
$

5,442,995,389

79.69

$
1,737,600

268.29
6,427,607

580.13
$
94,763,952

241.93

8
2,621,800

3,248.84

$
72,794,299

183,547.07

8

5,621 840,647

Bonded Debt

5,398,572,925

830,100

3,939,500

81,628,917

2 115,000

28,969,850

5 516 056 292

Cost of RR. and Equipm't
Other Assets

10,010,830,761
2,067,296,570

2,870,050
385,595

9,420,733
2,332,335

179,884,770
15,223,647

6,030,064
394,134

95,185,101
9,876,177

10,304,221,479
2,095,508,458

Total Assets

12 078,127,331

3,255,645

11,753,068

195,108,417

6,424,198

105,061,278

12 399 729,937

Miles of Railroad Operated

180 552 97

68.19

287.07

741.37

224 47

181,874 07

Passengers Carried

501 538 342

2,508,183

21,498

504,128,023

Passenger Mileage

12 481,509,189

13,448,811

107,490

12,495,065,490

Tons Freight Moved

780,981,900

3,079,274

10,342,193

3,766,360

798,169,727

Freight Mileage
Traffic Earnings, Passenger

101,416,680,004
$
253 287 713

'"8"-"

270,223

29,475,379
$

195,182,322
$
600,880

30,092,942

$

101,671,430,647
$
254,158,816

" " Freight

772 188 082

820,798

5,322,765

475,924

778,807,569

Total, inc. Miscellan's.

1,121,969,166

270,698

824,978

9,319,960

481,824

1,032,966,485

Net Earnings

337,699,021

33,511

286,044

4,621,835

151,629

342,792,040

Rec'ptsf rom Other Sources

94 884 224

51,107

39,332

2,617,409

39,242

97,631,314

Total Available Rey.

432 583 245

84,618

325,376

7,239,244

190 871

440,423.354

Interest on Bonds.

230 842 982

35875

78,634

2,728,763

89,325

233,775,579

Dividends on Stock

82 534 742

26,115

42,624

143,429

27,508

82,774,418

Total of all Payments.

405,677,314

83,283

139,013

6,524,002

136,737

412,560.349

Surplus

26,905,931

1,335

186,363

715,242

54,134

27,863,005

NOTE.— In the above classification those roads whose statements are grouped under the head of Class 1
comprise all lines that may be designated " common carrier railroads " in the full sense of the expression ; Class 2
is made up of railroads that are engaged in carrying passengers only ; and Class 3 those exclusively engaged in
the transportation of freight ; Class 4 comprises switching, belt, terminal, connecting, and toll railroads ; Class
5 consists of private, logging, ore, and other railroads used in conjunction with the enterprises with which they
are connected ; and Class 6 includes roads not fully brought into operation, and those whose operations are
not fully reported. Class 4 is omitted because the traffic operations of these switching and transfer railroads is
merely a duplication of figures contained in Class 1 ; omitting these transportation statistics necessarily causes
the omission of all returns responsive thereto.

In addition to the matters herein set forth in reference to the steam rail-
roads of the United States consideration should be given to the increase in the
scope of the MANUAL by the addition of new departments in the form of state-
ments of street railroads, State, City and County Debts, and Miscellaneous Cor-
porations, and a fair idea may be gathered of the enormous labor involved in
the collection and compilation of the statements of the 4,300 corporations, of
which it contains official and detailed reports.

Statement showing the results of the operations of the railroads of the
United States for the year 1897, compared with those for 1896 :

1897

1896

Increase
or
Decrease.

Rate of
Increase or
Decrease.

Miles of Railroad Operated .T .... • •••

181,132.70

180,891 19

241 51

0 13

Tons Freight Moved

788,385,448

773,868,716

14,516 732

1.88

Freight Mileage

97,842,569,150

93,885,853,634

3,956,715,516

4.21

Passengers Carried

504,106,525

535,120,756

* 31,014 231

5.80

12,494,958,000

13,054,840,243

* 559,882 243

4 29

Earnings from Freight

$
780,351,939

$
770,424,013

$
9,927926

1.29

Earnings from Passenger

253,557,936

265,313,258

* 11,755,322

4.43

Miscellaneous Earnings

89,636,791

89,894,754

* 257,963

0.29

Total Gross Earnings

1,123,546,666

1,125,632,025

* 2,085,359

0.19

Net Earnings ....

338,170,195

332.333,756

5,836,439

1 76

Earnings per Ton per Mile

0.798 cent.

0.821 cent.

0.023 cent.

2 80

* Decrease.

The share capital corresponding to the mileage completed at the end of
1897 equalled $5,621,340,647, against $5,373,187,819 in 1896, the increase
equalling $248,152,828, the rate of increase being 4.6 per cent.

The funded debts of all the lines at the close of the year aggregated
$5,516,056,292, against $5,461,856,598 in 1896, the increase equalling $54,-
199,694, being an increase of 0.99 per cent.

The other forms of indebtedness of the several companies at the close of
the year equalled $380,769,705 against $344,499,969 for 1896, an increase of
$36,269,736. The total share capital and indebtedness, exclusive of current
accounts of all the roads making returns, equalled at the close of the year
$11,518,166,646, an increase in the year of $338,622,260 over the total of
1896 ($11,179,544,386), the rate of increase for the year being 3.3 per cent.

The cost per mile of all roads making returns, as measured by the amount
of their stocks and bonded indebtedness, equalled $60,679 against $59,732 for
1896.

STATISTICS OF TRACK MILEAGE AND ROLLING STOCK EQUIPMENT.

YEAR.

Miles
Steel
Rails.

Miles
Iron
Rails.

Total
Miles.

Per Cent.
Steel of
Total.

Locomotive
Engines.

REVENUE CABS.

Pas-
senger.

Baggage,
Man, and
Express.

Freight.

Total.

1880

33,680
49,063
66,691
78,491
90,243
98,102
105,724
125,459
138.516
151,723
167,606
174,931
182,858
191,857
197,653
206,546
207,619
211,928

81,967
81,473
74,269
70.692
66;254
62,495
62,324
59,588
52,981
50,513
40,697
39,756
38,641
37,155
35,266
28,652
27,864
24,984

115,647
130,536
140,960
149,183
156,497
160,597
168,048
185,047
191,497
202,236
208,303
214,687
221,499
22.1,012
232,919
235,198
2%, 483
236.912

29.1
37.5
47.3
52.7
57.6
61.0
62.9
67.7
72.3
75.0
80.4
81.5
82.6
83.8
84.8
87.8
88.2
89.4

17,949
20,116
22,114
23,623
24,587
25,937
26,415
27,643
29,398
31,041
32.241
34,022
35,099
36,486
36,784
37,090
36.080
35,810

12,789
14,548
15,551
16,889
17,303
17,290
19,252
20,457 .
21,425
22,885
22,958
24,497
26,044
28,624
27.921
27,979
24.788
20,275

4,786
4,976
5,566
5,848
5,911
6,044
6,325
6,554
6,827
7,053
",253
",368
".830
".805
7,921
",891
7.839
8,133

589,255
648,295
730,451
778,663
798,399
805,519
845,914
950,887
1,005,116
1,051,169
1,061,970
1,110,304
1,159,040
1,203,476
1,228,799
1,230,817
1,240,061
1,229,335

556,930
667,819
751,568
801,400
821,613
828,853
871,491
977,898
1,033,368
1,081,107
1,092,241
1.142,169
1,192,920
1,239,905
1,264,641
1,266,687
1,272,688
1,262,743

1881

1882

1883

1884

1885

1886

1887

1888

1889

1890

1891

1892....

1893

1894

1895

1896

1897

VI

Statement showing the number of miles of railroad constructed and in operation each
jear in the United States, from 1830 to the close of 1897, inclusive :

YEAR.

Miles in
Operation.

Annual
Increase of
Mileage.

YEAR.

Miles in
Operation.

Annual
Increase of
Mileage.

YEAR.

Miles in
Operation.

Annual
Increase of
Mileage.

1830

23

1853 ..

15,360

2,452

1876

76,808

2 712

1831

95

72

1854

16,720

1,360

1877 „ . . .

79,088

2,280

1832

229

134

1855

18,374

1,654

1878

81,767

2 679

1833

380

151

1856

22,016

3,642

1879

86,584

4,817

1834

633

253

1857

24,503

2,487

1880

93,296

6 712

1835

1,098

465

1858

26,968

2,465

1881

103,143

9847

1836 ....

1,273

175

1859

28.789

1,821

1882

114,712

11,569

1837

1,497

224

1860

30,626

1,837

1883

121,455

6,743

1838

1,913

416

1861

31,286

660

1884

125,379

3,924

1839

2,302

389

J862

32,120

834

11885

128,361

2,982

1840

2,818

516

1863

33,170

1,050

1886

136,379

8018

1841

3,535

1864

33,908

738

1887

149 257

12,878

1842 .

4,026

491

1865

35,085

1,177

1888

156,169

6 912

1843

4,185

159

1866

36.801

1,716

1889

161,353

5,184

1844.

4,377

192

1867

39,250

2,249

1890

166,682

5329

1845

4,633

256

1868

42,229

2,979

1891

170,769

4,087

1846

4,930

297

1869

46,844

4,615

1892

175,188

4,419

184?

5,598

668

1870 .. .

52,922

6,078

1893

177,470

2,282

1848.

5,996

398

1871

60,293

7,379

1894

179,368

1,898

1849

7,365

1,369

1872

66,171

5,878

1895

180,971

1,603

1850

9,021

1,656

1873

70,268

4,097

1896

182,639

1,668

1851

10,982

1,961

1874

72,385

2,117

1897

184,603

2,094

1852...

12,908

1,926

1875...

74.096

1,711

Statement of railroad construction in the United States during the years 1895-97 :

STATES.

1895

1896

1897

STATES.

1895

1896

1897

Miles.
94.25

Miles.
14.86

Miles.
37.75

Missouri

Miles.
43 45

Miles.
7 54

Miles.
118 49

0 78

Arkansas

20 80

106 29

118 73

7.75

3.00

Texas .

204 79

81 05

86 50

M assach nsetts

1.44

5.26

Kansas ....

18 90

1 43

Colorado .

41 94

20 75

60 10

Connecticut

New Mexico

160 61

55 80

New England

94.25

24.05

46.79

Oklahoma Territory

44.60

22.00

New York

81.72

34.37

30.15

Southwestern

535 09

294 86

415 62

New Jersey

4.00

13.49

12.92

Pennsylvania '.

117.95

170.78

166.83

Iowa

10 63

8 00

Delaware

8.72

25.00

Minnesota

34.70

82.36

46 19

Maryland

0 33

27.00

2.00

Nebraska

District of Columbia. . .

North Dakota

28.07

36 30

1 10

Middle

204 00

354.36

236 90

Wyoming

Montana

57.00

15 40

Ohio

82 24

63 51

10 jo

Michigan

86 65

142.29

132 09

Northwestern

47.83

168 53

107 39

Indiana ....

24 65

16.60

3 45

Illinois

71 21

106.05

96.95

Washington

4 84

11.50

9 93

Wisconsin . ...

87 83

94 67

139.22

Oregon

17 30

31 00

124 80

197 23

Central Northern . .

352 58

423.12

381.81

Nevada

Idaho

24 00

Virginia

39.66

12.18

27.50

Arizona...

65.10

West Virginia

97 95

25.50

68 25

Utah

10 00

36.90

59 c,;)

25 60

33 80

South Carolina

18 18

46.96

12 01

Pacific . .

204 74

262 93

281 '48

Georgia . . .

85 50

82 84

134 72

Florida

75 75

81.00

34 18

RECAPITULATION.

94 25

24 05

South Atlantic

376.73

274.08

310.46

Middle

204.00

4.36

236 90

Alabama

51 48

'41 01

135 68

Central Northern
South Atlantic

52.48

23.12
274 08

381.81
310 46

Mississippi

7 03

55 00

92 30

123 33

0 84

407 98

Tennessee

41 07

28 00

Southwestern

535 09

294 86

415 62

Kentucky

23 40

26.50

16 50

Northwestern ....

47.83

"168 53

107 39

Louisiana

41 42

147 26

135 50

Pacific . .

204 74

62 93

281 48

Gulf and Miss. Valley

123.33

310.84

407.98

United States.

1,938.45

2,01«.77

2,188.43

The gross increase in railroad mileage (luring the calendar year 1897, represented by the new construction
within the twelve months, was 2,188.43 miles. The net increase in mileage during 1897 was 2,094 miles, bringing
the total for the whole United Slates up to 184,603 miles Jan. 1, 1898, as shown on page xvi.

VI I

STATISTICS OF STOCK AND BOND CAPITALIZATION, BY GKOUPS OF STATES, 1885-97.

GROUP 1. — New England States : Maine, New Hampshire, Vermont, Massachusetts,
Rhode Island, and Connecticut :

STOCK AND BOND LIABILITIES.

LIABILITIES PER MILE RAILROAD.

YEAR.

RAILROAD
OWNED.

Capital Stock.

Bonded Debt.

Total Stock
and Bonds.

Stock per

Mile.

Bonds per

Mile.

Stock and Bonds
per Mile.

Miles.

$

$

$

$

i

$

1885....

(5,412

204,311,043

140,569,398

344,880,4411

31,862

21,923

53,785

1886....

6.437

202,673,477

143.792,350

3J6,465,827

34,857

22,167

57,024

1887....

6.684

225,927,174

139,905,746

365,832,920

33.637

20,931

54,568

1888....

6,857

226,687,831

154.521,781

381,209,612

33,059

22,535

55,594

1889....

6,926

229,864,385

160,966,033

390,830,418

33,184

23,237

56,421

1890. . . .

6,985

236,186,197

166,373,688

402,559,885

33.813

23,819

57,632

1891 ....

7,046

242.120,889

168,559.547

410,680,436

24,363

23.922

58,285

1892....

7,088

257,492,666

166,512,910

424.005,576

36,328

23,492

59,820

1893....

7,103

268,800,692

162,553,063

431,353.755

37,843

23,443

61,286

1894....

7,240

281,472,218

170 272,633

451,744,851

38,877

23,516

62,393

1895....

7,398

287,280,127

177,386,&45

464,666,772

38,832

23,978

62,810

1896....

7,457

305,042,050

167,306,358

472,348.408

40,907

22,436

63,343

1897....

7,476

307,132,791

181,102,772

488,235,563

41.082

24,225

65,307

GROUP 2. — Middle States : New York (including Elevated Railroads), New Jersey,
Pennsylvania, Delaware, and Maryland :

1885...

17,990

1,049,940,505

988,650,265

2,038,590,770

58,362

54,956

113,318

1886 ..

18,520

1,035,526,998

1,026,220,487

2,061,747,485

55,914

55,406

111,320

1887...

18.662

1,046,088,863

1,072,190,507

2,118,279,370

56,054

57,453

113,507

1888....

18,794

1,072,118,882

1,171,081,774

2.243,150,656

57.045

62,308

119,353

1889....

19,155

1,090,550,832

1,201,811,830

2,292,362.662

56,933

62,740

119,673

1890....

19,500

1,126,840,379

1,228,605,007

2,355,445,386

57,787

63,005

120,792

1891 ....

19,756

1,127,075,043

1,200,658.654

2,327,733.697

57,100

60,774

117,874

1892.. .

20,349

1,226,139,646

1,308,700,029

2,534,839,675

60,251

64,313

124,564

1893....

20,803

1,253,207,295

1,343,792,618

2,596,999,913

60,242

64,596

124,828

1894 ...

20,875

1,260,404,900

1,354,893,202

2,615,298,102

60.379

64,905

125,284

1895....

21,165

1,271,162,036

1,377,890,867

2,649,052,903

60,060

65,102

125,162

1896*. . .

21,027

1,283,041,167

1.332.088,963

2,615,130,130

61,019

63,351

124,370

1897*...

21,184

1,385,410,546

1,313,238,909

2,698,649,455

65,399

61,992

127,391

* Excluding elevated railroads in New York.
GROUP 3. — Central Northern States.- Ohio, Michigan, Indiana, Illinois, and Wisconsin:

1885...

41,519

1,033,190,555

1,049,252,618

2,082,443,173

24,885

25,272

50,157

1686 ...

41,893

1.054,897,899

1.078,655.062

2,133,552,961

25,409

25,748

50,857

1887....

44,316

1,049,768,114

1,102,082,829

2,151,850,943

23,688

24,869

48,557

1888....

45.670

1,129,992,187

1,217,762,056

2,347,754.243

24,743

26,664

51,407

1889....

47,663

1,172,711,616

1,321,805,175

2,494,516,791

24,604

27,733

52,33?

1890....

47,625

1,193,013,756

1,343,845,703

2,536,859,459

25,050

28,217

53,267

1891....

48,136

1,192,877,926

1,373,827,609

2,566,705.535

24,781

28,541

53,322

1892 ...

50,466

1,191,399,741

1,411,788,343

2,603,188,084

23,608

27,975

51,583

1893....

51,518

1,233,567,203

1,476,470,571

2,710,037,774

23,944

28,659

52,603

1894....

51,735

1,255,633,632

1,516,342,975

2,771,976,607

24,271

29,310

53,581

1895....

52,253

1,264,971,040

1,527,253,032

2,792,224,072

24,209

29,228

53,437

1896....

52,276

1,199,284.422

1,405,208.035

2,604,492,457

22,941

26.881

49,822

1897....

52,227

1,160,475,834

1,388,656,365

2,549,182,199

22,219

26,589

48,809

GROUP 4. — South Atlantic States : Virginia, West Virginia, North Carolina, South Caro-
lina, Georgia, and Florida :

1885...

12,166

219,445,503

219,664,294

439,109,797

18,038

18,056

36,094

1886....

12,079

249,981,a35

231, 449,830

481,481,165

20,696

19,161

39,857

1887....

13,451

267,530,596

267,826,515

535,357,111

19,889

19,911

39,800

1888....

14,512

319,163,492

281,055,435

600,218,927

21,993

19,367

41,360

1889....

15,847

340,549,706

302.089,363

642.639,069

21,490

19,063

40,553

1890. . . .

17,077

359,927,611

336,961,930

696,889,541

21,077

19,731

40,808

1891 ....

17,871

374,547,286

349,892,314

724,439,600

20,954

19,580

40,534

1892....

18,658

377,150,170

381,411,607

758,561,777

20,214

20,442

40,656

1893 ...

18,996

384,864,615

394,054.946

778,919,561

20,260

20,744

41,004

1894

19,619

37Si,594,953

396,814,663

769,409,621

18,992

20,226

39,218

1895

20.907

518,720,806

433,535,957

952,256,763

24,810

20,736

45,546

1896....

20,575

508,107,352

440,013.324

948,120,676

24,695

21,386

46,081

1897....

21,024

529.995,874

422,912,551

952,908,425

25.209

20,115

45,324

Vlll

GROUP 5. — Gulf and Mississippi Valley States: Alabama, Mississippi, Kentucky, Ten-
nessee, and Louisiana :

STOCK AND BOND LIABILITIES.

LIABILITIES PER MILE RAILROAD.

YEAB.

RAILROAD
OWNED.

Capital Stock.

Bonded Debt.

Total Stock and
Bonds.

Stock
per Mile.

Bonds
per Mile.

Stock and Bonds
per Mile.

Miles.

1

9

$

$

&

$

1885....

9,675

212,239,011

293.804.038

506.043,049

21,937

30,367

52,304

1S86....

9,979

246,484,910

268,176.248

514,661,188

24,700

26,784

51,484

1887....

10,659

253,036.303

294.614.703

547,651,006

23,739

27,640

51,379

1888....

11,014

255,012,754

318.8*6.013

573,878,767

23,154

28,951

52,105

1889....

11,137

262,290,267

323.000.759

585,291,026

23,551

29,002

52,553

1890....

11,403

265,455,070

318,3%,348

583,851,418

23,279

27,922

51,201

1891....

12.069

306,024,869

348,064,425

654,089,294

25,356

28,839

54,195

1892....

12,069

309,435,371

369,758.952

679,194,323

25.638

30,637

56,275

1893....

12,319

311,562,994

371,667,249

683,230.243

25,291

30,170

55,461

1894....

12,528

300.281.568

362,619,388

662,900,956

23,969

28.945

52,914

1895....

11,548

264,975,837

345,724,557

610,700,394

22,946

29,938

52,884

1896. . . .

11,073

230,308,687

312,544,867

542.853,554

20,799

. 28,226

49,025

1897....

11,302

231,769,498

299,013,185

530,782,683

20,507

26,455

46,962

GROUP 6. — Southwestern States : Missouri, Arkansas,
Mexico, Oklahoma, and Indian Country :

Texas, Kansas, Colorado, New

1885...

22,323

538,007,189

510,251,630

1,048,258,819

24,101

22,858

46.959

1886....

23,185

621,137,639

552,571,643

1,173,709.282

26,791

23,833

50,624

1887....

28,905

678,411,251

653,085,608

1,331,496;859

23.470

22,594

46,064

1888....

30,066

721,785.734

723.761,528

1,445,547.262

24,007

24,072

48,079

1889....

30,706

693,610,736

719,843,753

1,413,454,489

22,589

23,443

46,032

1890....

31,724

764.192,260

905,122,912

1,669.315,172

24,089

28,531

52,620

1891 ....

32,168

816,413,313

914,906,748

1,731.320,061

25,380

28,410

53,790

1892....

31,437

808,506,778

930,135,360

1,738.642,138

25,718

29,587

55,305

1893....

32,156

820,631,273

938.623,730

1,759,255.163

25,521

29,190

54,711

1894....

32,227

801,406,019

937,726,768

1,739,132,787

24,868

29,098

53,966

1895...

32,698

818,988.462

937,375,528

1,756,363.990

25.047

28,668

53,715

1896.. .

32,485

951,882,267

866.706.212

1,818,588,479

29,302

26,680

55,982

1897...

32,710

944,031,346

864,045,080

1,808,076,426

28.860

26,415

55.275

GROUP 7. — ^Northwestern States :
Dakota, Wyoming, and Montana :

Iowa, Minnesota, Nebraska, South Dakota, North

1885...

19,363

313,147,729

356,026,743

669,174,472

16,172

18,387

34,559

1886....

13,870

322,661,223

362,454,610

685,115,833

23,263

26,132

49,395

1887....

16,848

376,851,927

429,380,913

806,232.840

22,367

25,485

47,852

1888....

18,215

386,507,014

519,404,674

905,911,688

21,219

28,515

49,734

1889....

19,756

409,208,838

560,378.182

969,587.020

20,713

28.365

49.078

1890....

19,925

401,201,957

558,038,000

939,239,957

20,136

28,007

48,143

1891 ...

21,430

427,846,391

618,158,706

1,046,005,097

19,965

28,845

48,810

1892....

21,791

433,499,523

624.571,531

1,058.071,054

19,893

28.662

48,555

1893....

23,108

477,553,352

627,269,591

1,104,822,943

20,666

27,145

47,811

1894. ...

23,487

477,533,059

642,709,562

1,120,242,621

20,332

27.365

47,697

1895....

23.421

481,826,613

633,533,032

1,115,359,645

20,572

27.050

47,622

1896....

23,433

488,931,865

627,634,897

1,116,566,762

20,865

26,784

47,649

1897....

23,354

550,802,155

646,299,590

1,197,101,745

23,58-5

27,674

51,259

GROUP 8. — Pacific States
Idaho :

California, Oregon, Washington, Nevada, Arizona, Utah, and

1885. .

7,952

247,416,297

207.508,080

454,924,377

31,114

26,221

57.335

1886. ..

7,643

266,144,997

219,646,100

485,791,097

34,822

28,738

63,560

1887. ..

8,473

257,947.801

227,856,295

485,804,0%

30,444

26,892

57.336

1888. ..

9,148

291,143,443

237,631,762

528,775,205

31,826

25,976

57.802

1889. ..

8,804

296,312,938

238,470,676

534,783.614

33.656

27,087

60,743

1890. ..

9,181

293,422,348

248,558,437

541,980,785

31,960

27,073

59.033

1891. ..

9,433

322.270,934

261,227,071

583.498,005

34,164

27,693

61,857

1892. .

10,008

316.931,330

270,732,472

587,663.802

31,667

27,051

58,718

1893. ..

9,502

329,845,480

255.860,785

585,706,265

34,713

26,927

61,640

1894. ..

10,407

326.302,721

284,355,053

610,657,774

31,354

27,323

58,677

1895. ..

10,497

322,700.531

287,069,768

609,770.299

30,742

27,348

58,090

1896. ..

10,22E

324,132.755

274,572,313

598.705,068

31,700

26.853

58,553

1897. ..

10,452

345,435.352

290,869,173

636 304,525

33,049

87,829

60.878

IX

STATISTICS OP PASSENGER TRAFFIC FOR THIRTEEN YEARS, 1885-1897.

Statement showing the length of road operated, passenger statistics, earnings, etc., etc.,
of all the railroads in the United States from 1885 to 1897, inclusive :

a

i 3)

i t, .

§•

oS ^

PASSENGER TRAFFIC.

PASSENGER EARNINGS.

SQ

§ pj—

s

c °3

a g

^ CH

ffe-e

t%^

lh

3

MS

£

o *>«

o~.9

St3

3

m

||

||

Pass'ng'rs

Passenger

Gross

Av. Re-
ceipts

Av.Rec.

Av.Rec.
p. Pass.

Av.Rec.

6 z~

IgEH

_w
ti^ 3

g°

II

Carried.

Movement.

Amount.

p. Pass,
p. Mile.

per
Pass.

Train
Mile.

of RR.

5 12

o||

111

•^

«

^ ffl 0

<J m

•<

Miles.

JW«*.

No.

Miles.

8

Cents.

Cents.

Cents.

$

No.

Miles.

Miles.

1885 122,110 211,587,620
1886j 125,146 210,637,892

351,427,688
382,284,972

9,133,673,956
9,659,698,294

200,883,911
211,929,857

2.199
2.194

57.16
55.43

94.94
100.61

1,645
1,693

2,877
3,054

43.16

45.85

25.99
25.27

1887 136,986

238,755,920

428,225,513

10,570,306,710

240,542,876

2.276

56.17

100.75

1,756

3,126

44.27

24.68

1888145,341
1889153,689
1890 157,976

268,125,345
279,085,145
297,244,707

451,358,655
494,808,421
520,439,082

11,190,613,679
11,964,726,015
12,521,565,649

251,356,167
259,439,231
272,320,961

2.246
2.169
2.174

55.68
52.44
52. 13

93.74
92.96
91.61

1,729

1,688
1,724

3,105
3,219
3,294

41.73

42.87
42.12

24.79
24.18
24.05

1891:164,262320,712,013

556,015,802: 13,316,925,239

290,799,696

2.184

52.30

90.67

1,770

3,385

41.52

23.95

1892 170,607; 323,930.550

575.769,678 13,584,343,804

293,557,476

2.168

50.99

90.62

1,721

3,375

41.93

23.59

1893 173,361 338,551,608

597,056,539, 14.979,847,458

310,442,870

2.072

52.00

91.70

1,791

3,444

44.25

25.09

1894 176,221 325,981,869

569,660,216! 13,600,531,635

275.352,190

2,025

48.34

84.47

1,563

3,233

41.72

23.87

1895
1896

179,154 326,184,596
180,891 1337,641,115

529,756,259! 12,609,082,551
535,120,75*; 1 13,054,840,243

260,929,741
265,313,258

2.069
2.032

49.25
49.58

79.99

78.58

1,456
1,467

2,957
2,958

38.66
38.66

23.88
24.40

X897

181,133 342,464,408 504,106,205|12,494,958,000j253,557,r36

2.029

50.30

74.04

1,399

2,783

36.49

24.78

STATISTICS OF PASSENGER TRAFFIC, BY GROUPS OF STATES, 1885-1897.

GROUP 1. — New England States: Maine, New Hampshire, Vermont, Massachusetts,
Rhode Island, and Connecticut :

. 1885

6,476

21,451,942

78,763,179

1,255,417,435

25,099,764

2.00

31.87

117.00

3,721

12,162

58.52

-15.94

1886

6,430

22,528,690

85,560,605

1,352,844,750

26,977,461

1.99

31.53

119.74

4,195

13,306

60.05

15.81

1887

6,890

23,829,794

93,483,949

1,482,312,733

29,116,085

1.96

31.15

122.18

4,226

13,568

62.20

15.85

1888

6,702

25,660,293

99,539,451

1,523,685,930

30,611,645

2.01

30.75

119.30

4,567

14,852

59.38

15.31

1889

6,830

26,932,756

109,177,455

1,646.207,084

32443,917

1.97

29.72

120.46

4,750

15,956

61.16

15.03

1890

7,011

28,127,218

111,841,063

1,743,129,541

33,421,885

1.92

29.88

118.82

4,767

15,810

61.97

15.59

1891

7,316

29,788,328

118,502,901

1,837,802,34(5

31,740,209

1.89

29.32

116.63

4,749

16,198

61.70

15.51

1892

7,332

31,298,204

123,960,648

1,902,487.160

86,291,555

1.91

29.28

115.95

4,950

16,907

60.79

15.35

1893

7,139

32,438,002

128,098,3?-?

1,980,217,796

34,937,084

1.76

27.27

107.70

4,894

17,943

61.03

15.46

1894

7,452

31,097,374

128,545,855

1,848,924,000

34,462,989

1.87

26.81

110.82

4,625

17,250

59.26

14.34

1895

7,659

30,266,737

116,069,178

1,856,263,668

34,224,725

1.84

29.48

113.07

4,468

15,155

61.33

15.99

1896

7,745

31,856,978

118,140,043

3,964.810,063

36,237,100

1.84

30.67

113.75

4,679

15.254

61.68

16.63

1897

7,602

31,485,978

109,064,367

1,853,911,708

34,410,597

1.86

31.55

109.29

4,527

14,347

58.88

17.00

GROUP 2. — Middle States : New York, New Jersey, Pennsylvania, Delaware, and Mary-

land :

1885

17,794

60,252,357

144,828,607

2,677,366,775

51,239,058

1.91

35.38

85.04

2,880

8,139-

44.44

18.49

1886

17,951

57,082,111

163,391,040

2,760,335,172

58,215,737

2.11

35.65

101.99

3,243

9,102

48.36

16.89

1887

18,977

66,611,949

176,361,731

3,059,957,868

64,203,536

2.10

36.40

96.38

3,883

9,293

45.94

17.35

1888

18,750

78,915,315

175,115,243

2.999,936.052

64,128,737

2.14

36.62

81.26

3,420

9,339

38.01

.17. IS

1889

18,951

74,630,419

190,284,803

3,324,4'<>0,977

67,001,949

2.02

35.21

89.78

3,536

10,041

44.55

17.31

1890

19,314

79,399,847

208,578,403

3,522,178,739

70,539,447

2.02

33.81

88.84

3,652

10,799

44.36

16.89

1891

19,694

83,604,415

221,13^953

3,850,100,826

72,857,127

1.89

32.95

87.15

3,699

11,229

46.05

17.41

1892

19,876

81,518,932

223,861,314

3,825,271,220

71,903,150

1.88

32.12

88.20

3,618

11,263

46.92

17.09

1893

20,413

87,115,499

234,401,194

4,128,610,368

77,051,424

1.87

32.87

88.45

3,775

11,483

47.39

17.61

1894

20,772

83,377,141

210,041,569

3,742,672,678

69,954,308

1.87

33.30

83.90

3,320

10,112

44.89

17.82

1895

21,890

88,570,409

209,847,049 3,857,535,357

69,954,596

1.82

33.30

78.98

3,196

9,587

43.57

18.43

1896

22,288

91,655,728

206,772,751 3.791,569.013

69,584,155

1.84

33.65

75.92

3,122

9,277

41.37

18.34

1897

22,554

92.378.779

196.948,815' 3,781.345.146

69,092.293

1.83

35.08

74.80

3,063

8,733

40.93

19.20

GROUP 3. — Central Northern States : Ohio, Michigan, Indiana, Illinois, and Wisconsin :

1885
188H
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897

42,199
43,069
44,055
47,484
49,056
50,936
51,426
53.163
53,573
54,2(i«
53.733
55,214
53,899

71,728,409
70,622,967
75,366,129
83,010,878
87,408,146
91,772,418
98,750,036
104,226,627
109.299,941
104,940,892
100,281,731
104,369,496
102,814,710

73,301,085

76,408,158
87,292,882
95.838,412
102,095,462
107,316,353

2,765,341,599
2,779,365, TOO
3,027,621,204
3,362,043,951
3,613,152,750
3,438,232,529

60,128,088
62,173,396
68,855,990
72,068,721
74,101,449
75,931,950

2.17
2.24
2.27
2.14
2.05
2.28
2.24
2.18
2.06
1.97
2.15
2.10
2.06

82.03
81.37
78.88
75.20
72.58
70.55
69.87
66.90
70.31
59.83
63.58
62.02
61.73

83.82
88.04
91.36
86.82
84.78
82.74
82.56
81.35
88.50
80.06
71.96
71.59
66.89

1,425
1,444
1,563
1,518
1,510
1,490
1,585
1,595
1,805
1,548
1,343
1,353
1,275

1,737
1,774
1,981
2,018
2,081
2,106
2,269
2,384
2,568
2,588
2,112
2,182
2,067

38.55
39.36
40.17
40.50
41.34
37.46
36.90
37.37
42.97
40.58
33 49
34.09
32.50

37.73
36.38
34.68
35.08
35.39
32.01
31.23
30.73
34.14
30.32
29.59
29.53
29.94

116,684,688
126,745,771
137,576.482
140,438,105
113,500,394
120,473,195
111,413,808

3,644,184,634
3,895,169,404
4,696,203,595
4,258,376,108
3.358,494,352
3,557,695.514
3,336,185,242

81,526,963
84,788,271
96,725,843
84,020,175
72,161.921
74,720,960
68,749,924

GROUP 4. — South Atlantic States: Virginia, West Virginia, North Carolina, South Caro-
lina, Georgia, and Florida :

|g

£>!

PASSENGER TRAFFIC.

PASSENGER EARNINGS.

03 r^

1"!

O 3) •

2

«-i a

5^

*S ' °

°5Ei c

B"O M

3

°fe

(Sl|

Av. Re-

Av.Rec.

Av.Rec.

. ^2

~^'g

•i— §

(^

« a1

m *•*

Pass'g'rs

Passenger

Gross

ceipts

Av.Rec.

p. Pass.

per

£ 2jg

**&

P"o> g

|j,O

l3 ou

Carried.

Movement.

Amount.

p. Pass.

per

Train

Mile of

. **»-

^ bo •

> *5

Sa

*!

p. Mile.

Pass.

Mile.

RR.

41°

<*!

«£

Miles.

Miles.

No.

Milts.

$

Cents.

Cents.

Cents.

S

No.

Miles.

Miles.

1885

10,306

11,435,567

9,285,053

367,603,881

9,958,531

2.71

107.25"

87.08

975

901

32.15

39.70

1886

10,551

11,445,661

9,538,124

430,813,798

9,747,777

2.26

102.25

85.17

924

904

37.55

45.19

1887

11,739

13,089,905

11,315,150

396,245,486

11,005,557

2.78

97.26

84.07

937

964

30.27

35.02

-1SS8

11,927

13,705,596

12,652,010

436,826,235

12,311,822

2.82

97.31

89.82

1,032

1,061

31.87

34.53

1889

12,985

15,278,959

13,239,287

444,985,117

11,739,850

2.64

88.67

76.84

904

1,012

29.13

33.61

1890

14,555

18,913,729

16,878,129

617,496,1*3

15,723,599

2.55

93.16

83.13,

1,080

1,160

32.64

36.59

1891

16,648

19,961,399

18,576,983

656,188,150

17,411.465

2.65

93.73

87.23

1,046

1,116

32.87

35.32

1892

17,612

21,125,356

19,417,336

656,472,210

17,020;521

2.59

87.66

80.57

966

1,103

31.07

33.80

1893

18,171

22,337,204

21,707,066

745,549,967

18,056,837

2.42

83.18

80.84

993

1,194

33.38

34.34

1894

19,069

22,263,091

18,142,366

. 627,504,970

15,116,978

2.41

83.32

67.92

837

1,005

28.19

34.59

1895

20,443

25,136,910

19.688,656

704,437,223

16,587,783

2.35

84.25

65.99

811

963

28.02

35.78

1896

20,849

25,500,862

20,790,674

825,832,199

17,787,761

2.15

85 56

69.75

853

997

32.38

39.72

1897

21,415

25,223,704

19,335,919

725,646,716

16,544,994

2.28

85.57

65.99

773

903

28.77

37.53

GROUP 5. — Gulf and Mississippi Valley States : Alabama, Mississippi, Tennessee, Ken-
ucky, and Louisiana :

1885

9,294

11,173,311

10,062,719

480,545,698

10,745,485

2.24

106.79

96.17

1,156

1,083

43.01

47.76

1886

8,219

10,220,077

8,693,607

377,942,835

9,469,304

2.51

108.92

92.65

1,152

1,058

36.98

43.47

1887

8,514

11,813,671

11,379,600

438,688,840

10,623,183

2.42

93.35

89.92

1,248

1,337

43.60

38.54

1888

9,323

13,506,225

13,091,442

469,949,290

11,666,4»

• 2.49

89.11

86.38

1,251

,404

34.50

35.83

1889

9,709

13,793.252

14,3:33,682

471,990,021

11,772,974

2.49

82.13

85.35

1,213

,476

34.22

32.23

1890

9,569

15,&35,810

16,292,472

539,058,947

13,262,'094

2.46

81.40

86.48

1,386

,703

35.10

33.09

1891

10,731

16,973,058

18,059,211

587,241,005

15,196,877

2.59

84.15

89.54

1,416

,683

34.60

32.52

1892

11,410

16,832,507

18,031,800

587,294,225

14,388,142

2.45

79.80

85.48

1,261

,580

34.89

32.57

1893

11,134

16,618,046

15,526,407

512,752,915

13,661,196

2.66

87.99

82.21

1,227

1,395

30.86

33.02

1894

11,667

16,422,783

13,602,939

502,389,639

12,410,997

2.47

91.24

75.57

1,063

1,166

31.20

36.93

1895

10,329

14,413,723

11,464,783

429,560,619

10,381,253

2.42

90.55

72.02

1,005

1,110

29.80

37.47

1896

10,236

15,234,7li6

12,386,271

50(5,426,588

11,455,015

2.26

92.48

75.19

1,119

1,210

33.24

40.89

1897

9,949

14,574,031

11,859,847

448,717,681

10,606,518

2.37

89.70

^2.77

1,066

1,192

30.79

37.84

GROUP 6. — Southwestern States :
Mexico, and Indian Country :

Missouri, Arkansas, Texas, Kansas, Colorado, New

1885

19,541

19,456,797

14,284,756

699.783,606

20,489,962

2.93

143.45

105.31

1.049

731

35.97

48.99

1886

20,257

21,614,224

16,137,705

819,028,757

21,327,896

2.60

132.16

98.68

1,053

846

37.89

50.75

1887

22,987

24,414,524

18,421,275

923,887,906

26,092,063

2.82

141.65

106.87

1,135

801

37.84

50.15

1888

26,070

27,717,740

22,182,675

1,037,576,493

26,091,230

2.52

117.62

94.13

1,001

851

37.43

46.77

1889

28,076

30,559,937

23,066,354

987,061,265

25,701,712

2.60

111.42

48.10

916

821

32.29

42.79

1890

28,356

29,234,851

23,466,718

1,050,889,019

27,709,545

2.64

118.08

94.78

977

828

35.95

44.78

1891

29,828

32,622,104

23,620,082

1,080,625,228

28,912,743

2.68

122.41

88.63

969

792

33.13

45.75

1892

30,313

32,826,414

22,669,460

1,023,658,060

28,618,093

2.80

126.24

87.18

944

748

31.18

45.16

1893

30,777

34,892,900

22,359,085

1,154,072,800

29,357,108

2.54

131.30

84.13

954

727

33.07

51.53

1894

30,591

34,532,078

21,602,492

1,153,590,067

25,864,175

2.24

119.73

74.90

845

706

33.41

53.40

1895

31,744

35,101,545

24,472,525

1,086,787,708

25,336,364

2.33

103.49

72.18

798

770

30.96

44.41

1896

'31,046

35,827,204

21,388,022

1,055,307,944

24,730,744

2.34

115.63

69. ft3

797

689

29.46

49.84

1897

31,760

35,653,313

19,165,977

1,006,772,880

23,679,467

2.35

123.50

66.42

746

603

28.24

52.53

GROUP 7. — Northwestern States: Iowa, Minnesota, Nebraska, North Dakota, South
Dakota, Wyoming, and Montana :

1885

11,666

10,324,505

8,141,838

487,518,261

12,705,463

2.61

156.05

123.06

1089

698

47.22

59.88

1886

12,330

11,465,751

9,857,463

532,845,784

13,395,692

2.51

135.89

116.83

1,086

799

46.47

54.06

1887

15,325

13,769,802

13,502,021

614,419,651

16,542,726

2.69

122.52

120.14

1,079

881

44.62

45.51

1888

15,916

15,939,663

15,622,266

692,661,056

17.966, 430

2.59

115.01

112.72

1,129

982

43.46

44.34

1889

19,700

19,413,658

14,462,305

812,851,723

20,770,141

2.56

141.17

106.99

1,054

734

41.66

56.21

1890

20,859

24,206,739

16,370,723

993,442,025

22,091,177

2.21

134.89

91.26

1,059

785

41.04

60.66

1891

20,299

23,891,633

16,831,634

973,961,021

22,635,962

2.32

134.48

94.74

1,115

829

40.77

57.86

1892

22,064

24,418,617

17,217,443

989,370,139

22,976,126

2.32

133.45

94.09

1,041

780

40.52

57.46

1893

21,882

24,384,387

16,026,107

967,306,722

22,311,636

2.31

139.22

91.50

1,020

732

39.67

60.36

1894

22,385

21,200,282

11,883,332

725,l"J6,3r>3

16,861,125

2.32

141.89

79.53

736

519

34.72

61.09

1895

22,507

20,516,552

11,240,137

652,191,733

15,869.787

2.43

141.19

77.35

705

499

31.79

58.02

18%

22,428

20,701,954

11,337,726

663,829,160

16,781,139

2.53

148.01

81.06

748

506

32.07

58.55

1897

21,994

26,778,543

11,156,023

628,164,721

15,581.041

2.48

139.66

58.15

708

507

23.46

56.31

XI

GROUP 8. — Pacific States : Washington, Oregon, California, Nevada, Arizona, Idaho,
and Utah :

*

i-

PASSENGER
TRAFFIC.

PASSENGER EARNINGS.

Sa

i t- .

/. — ^

q •-

02

K.2

^3

>-. T

"-•2 B

"at 1)

K

SEH

° P.

°g'g

5H p1

W

*o S
wO

«!

Pass.

Passenger

Gross

Av. Re-
ceipts

Aver.
Rec.

Aver.
Rec. p.

Aver.
Rec. p.

£|g

fcS^l

ill

a
B

§°°

Carried.

ment.

Amount.

p. Pass,
p. Mile.

per
Pass..

Pass.
Train
Mile.

Mile of
RR.

!§*

|I|

<*

Miles.

MUes.

No.

MUes.

8

Cents.

Cents.

Cents.

$

No.

Miles.

Milts.

1885

5,835

5,764,672

12,759,891

400,096,701

10,517,560

2.63

82.43

182.45

1,802

2,187

69.41

31.29

1886

6,340

5,648,411

12,703,270

406,521,518

10,577,594

2.61

83.27

187.26

1,668

2,004

71.98

32.00

1887

8,405

9,860,146

16,468,905

627,173,022

14,283,736

2.28

86.73

144.86

1,699

1,959

63.61

38.09

1888

9,168

9,669,635

17,312,156

667,934,672

16,511,104

2.47

95.32

170.75

1,801

1,888

69.18

38.58

1889

8,381

11,068,018

20,a56,095

664,056,178

15,907,239

2.40

76.27

143.72

1,898

2,488

60.00

31.84

1890

7,376

10,254,095

19.695,219

617,138,716

13,641,264

2.21

69.26

133.03

1,850

2,670

60.18

36.96

1891

8,319

15,120,990

22,601,350

686,822,029

17,518,350

2.55

77.51

115.85

2,106

2,717

45.42

30.39

1892

8,836

11,683,893

23,865,906

704,621,386

17,571,618

2.49

78.63

150.39

1,989

2,701

60.31

29.52

1893

10,273

11,465,629

22,561,876

695,1*3,205

18,341,742

2.78

81.30

159.97

1,785

2,196

60.63

30.81

1894

10,518

12.148,228

25,403,558

746,627,820

16,661.443

2.23

65.58

137.15

1,584

2,415

61.46

29.39

1895

10,849

11,896,989

23,473,687

663,811,891

16,413,312

2.47

69.92

138.20

1,513

2,163

55.80

28.28

1896

11,086

12,494,127

23,a32,074

689,369,762

14,016,384

2.03

58.81

112.18

1,264

2,150

55.18

28.93

1897

11,960

13,555,345

25,161,796

714.213,906

14,864,379

2.08

59.08

109.66

1,243

2,104

52.69

28.38

STATISTICS OF FREIGHT TRAFFIC FOR THIRTEEN YEARS, 1885-1897.

Statement showing the length of the road operated, freight statistics, earnings, etc.,
etc., of all the railroads in the United States from 1885 to 1897, inclusive :

PSg

£3

FREIGHT TRAFFIC.

FREIGHT EARNINGS.

S« -

I!.-

"3

M

^ **a

§i

§^ *

*• "i

tt g

•^

° S

»2

<a « =

* c

S^1

s

5 o<

z J3

Av. Re-

Ave.

Av.Re.

Av.Re.

a? ,3

o ci«

S M

C -

s-SP

Freight

Freight

Gross

ceipts

Rec.

p.Fre't

per

S c*«

*>

f a

c.g

s b

Carried.

Movement.

Amount.

p. Ton

per

Train

Mile of

j?EH °

WS^

^>

p. Mile.

Ton.

Mile.

RR.

<a

Miles.

MUes.

Tons.

Miles.

S

Cents.

CenU.

Cents.

$

Tons.

Miles.

MUes.

1885

122,110 342,288,770

437,040,099

49,151,894,469

519,690,992

1.057

116.62

148.91

4,174

3,578

143.59

112.46

1886 125,146 349,697,537

482.245,254

52,802,070,529

550,359,054

1.042

112.05

157.34

4,397

3,a53

150.99

109.49

1887! 136,986 394,191,107 552,074,752

61,561,069,996

636,666,223

1.034

115.32

161.51

4,647

4,030

156.16

111.51

1888 145,341 410,514,115: 590.857,353

65,423,005,988

639.200,723

0.977

108.18

155.71

4,398

4,065

159.36

110.72

1889

153.689 429,469,7371 619,165,030

68,677,276,992

665,962,331

0.970

107.55

155.06

4,333

4,029

159.91

110.90

1890

157,976 482,900,422

691,344,437

79,192,!«5,125

734,821,733

0.927

106.28

152 17

4.651

4,376

163.99

114.55

1891

164,262 493,541,969

704,398,609

81,210,154,523

754,185,910

0.929

107.07

152.81

4,591

4,288

164.55

115.29

1892 170,607: 523,831,458 730,605,011

84,41 3,1 97, 130| 794,526,500

0.941

108.74

151.67

4,657

4,282

161.14

115.53

1893 173.361 531,340,754

757,464,480

90,552,087,290 808,494,668

0.893

106.74

152.16

4,663

4,369

170.42

119.55

1894 176,221 1 475,789,885 674,714,747

82.219,900,498

700,477,409

0.864

103.80

147.22

3,975

3,829

172.81

121.86

1895

179,154 491,410,820

755,799,883

88,567,770,801

743,784,451

0.839

97.38

151.36

4,151

4,263

180.23

115.96

1896

180.891 ! 497,248,296

773,868,716

93,885,a->3.<)34

770,424,013

0.821

99.55

154.94

4,259

4,278

188.81

121.32

1897

181,133 500,326,372

788,385.448

97.842,569,150

780.851,936

0.78?

98.99

157.77

4,308

4,353

195.56

124.22

STATISTICS OF FREIGHT TRAFFIC, BY GROUPS OF STATES, 1885-1897.

GROUP 1. — New England States : Maine, New Hampshire, Vermont, Massachusetts,
Rhode Island, and Connecticut :

1885

6,4?ii

17,709,978

30,186,233

1,805,4:12,142

28,307,315

1.56

93.78

159.84

4,371

4,661

101.95

59.81

1886

6,430

17,654,064

33,725,459

1,997,728,03S

31,085,490

1.56

92.17

176.08

4,834

5,245

113.16

59.21

1887

6,890

19,687,688

34,907,523

2,141,588,080

33,539,4&4

1.57

96.65

170.36

4,866

5,648

108.78

60.88

1888

6,702

20,008,390

35,931,454

2,256,111,003

34,357,573

1.52

95.64

171.72

5,126

5,361

112.76

62.79

1889

6,830

21,171,725

38,080,825

2,503.328,822

36,630,576

1.46

96.95

173.02

5,363

5,576

118.24

65.74

1890

7,011

23,741,034

41.294,970

2,865.747,971

39.337,594

1.37

95.25

165.78

5,611

5,890

120.77

69.40

1891

7,316

24,701,694

42,577,879

2,922,201,512

39,700,748

1.36

93.24

160.72

5,427

5.820

118.30

68.63

1892

7,332

26,074,558

44,561,771

3.151,501,800

41,575.308

1.32

93.30

159.45

5,670

6.078

120.87

70.72

1893 7,139

26,984,438

45,182,595

3,320,281,850

41,194,428

1.24

91.17

152.66

5,770

6,329

123.04

73.49

1894 7.452

24,127,056

38,667,797

3.022,670,079

37,841,474

1.25

97.86

156.85

5,078

5,188

125.28

78.17

1895 7,659

24,115,556

42,183,249

3,374,290,496

41,725,803

1.24

98.89

173.02

5,453

5,508

139.51

79.99

1896 7.745

24,399,305

44,959,252

3.690,748.399

45,090.929

1.22

100.29

184.80

5.822

5,805

151.26

82.09

1897

7,602

23,647,747

43,921,712

3,640,996.782

43,963.134

1.21

100.09

185.91

5,783

5,778

153.97

82.90

Xll

GROUP 2. — Middle States : New York, New Jersey, Pennsylvania, Delaware, and Mary-

land

,3 •

a'i

FREIGHT TRAFFIC.

FREJGHT EARNINGS.

<M

g~

.

— a
K-s

f.S

c||

£?£

W o

3

*s s

&*^

Av. sRe-

Av.Rec.

fe **

*c fe ^

a, 1°

w

J2 ^

fco

l«

JM

Freight
Carried.

Freight
Movement.

Gross
Amount.

ceipts
per Ton
per
Mile.

Av.Rec.
per
Ton.

per
Freight
Tram
Mile.

Av.Rec.
per
Mile of
RR.

ill
IP

° ^1

is,

M&W.

Miles.

Tons.

Miles.

$

Cents.

Cents.

Cents.

$

Tons.

Miles.

Miles.

1885

17,794

96,703,586

189,619,916

17,350,714,805

146,497,274

0.84

77.26

151.49

8,233

10,656

179.42

91.50

1886

17,951

103,948,470 213,376,307

18,279,443,759

160,175,405

0.90

54.50

154.09

6,472

11,887

175.85

85.67

1887

18,977

109,654,097 235,034,608

20,251,018, 698: 184,006,221

0.91

72.72

167.81

9,696

12,385

184.68

86.1ft

1888

18,750

117,496,741

254,700,097

22, 662, 054, 340 ! 1 88,796,444

0.83

74.12

160.68

10,069

13,584

192.87

88.9S

1889

18,951

122,402,634 262,296,507

23,415,238,070 190,175,956

0.81

72.50

155.37

10,035

13,841

191.29

89.27

1890

19,314

134,394,564i292.580,992

25,686.471,509 203,904,474

0.79

69.69

151.72

10,557

15,149

191.13

87. 7»

1891

19,694

131,997,001 294,964,375

26,358,758.047 206,731.337

0.78

70.09

156.62

10.497

14,977

199.69

89.36

1892

19,876

136,832,383294,629,596

26,237,179,143 201,198.368

0.76

68.29

147.04

10,122

14,823

191.75

89.05-

1893

20,413

137,928,730 315,089,597

28,887.253,286 220,806,201

0.77

70.08

160.09

10,817

15,436

209.44

91. 6&

1894

20,772

125,116,6911280,077,456

25,807,922,183 192.043,617

0.74

38.57

153.49

9,255

13,483

206.27

92.15

1895

21,890

145,432,315 337,037,563 30,193,788,205 212,957,545

0.71

63.19

146.43

9,729

15,397

207.62

89. 5*

1896

22,288

149,047,1 18 335,920.897

31,374,153,337 214,165,200

0.68

63.75

147.26

9,609

15,072

210.50

93.40-

1897

22.554

151,589,704 355,400,228 36,502,496,718 211,154,149

0.58

59.41

139.29

9,362

15,758,240.80

102.71

GROUT 3. — Central Northern States : Ohio, Michigan, Indiana, Illinois, and Wisconsin :

1885

42,199

137,025,534

132,129,264

19,084,812,387

169,918,478

0.89

128.60

124.01

4,027

3,132

139.28

144.44

1886

43,069

133,660,999

144,068,125

20,193,554,359

176,905,378

0.88

122.79

1:32.35

4,107

3,345

151.08

140.11

1887

44,055

143,484,570

165,694,761

23,253,827,416

198,674,931

O.R5

119.90

138.39

4,510

3,761

162.07

140.34

1888

47,484

146,104,232

172,200,656

23,570,931,660

191,247,258

0.81

111.06

130.90

4,027

3,626

161.33

136.88

1889

49,057

149,014,804

183,938,648

24,909.317,676

201 .345.358

0.81

109.46

135.12

4,104

3,749 167 16

135 42

1890

50,936

165,501,935

204,659,671

27,891,074.351 221,857,561

0.79

108.40

134.05

4,356

4,0181 168.52

136.28

1891
1892

51,420
53,163

168,769,772 204,432,378
188,001,230225,591,493

27,567,895,061 222,837,762
29,770,313,508 249,122.598

0.81
0.83

109.00
110.43

132.04
132.51

4,333
4.686

3,975 163.35
4,243 158.35

134.85
131.96

1893

53,573

187,995,717

226,119,750!30,555,874,626

244,269,835

0.80

108.03

129.93

4.560

4,202

162.53

135.13

1894

54,266

164,396,192

199,697,964 27,41 1 ,352,304 1208,002,892

0.76

104.16

l-,'6.53

3,333

3,680 166.74

137.26

1895

53,733

156,364,371

215,734,762

28,714,7.35,510

214,422,454

0.74

99.40

137.13

3,990

4,015 183.64

133.10

1896

55,214

159,662,124 221,646,928 30,127,929,090 228,154,303

0.76

102.94

142.90

4,132

4,014 188.70

135.93

1897

53,899

155,340,134 224,298,857 30,355,449,324 221.321,044

0.73

98.67

142.48

4,106

4,161 195.41

135.33

GROUP 4. — South Atlantic States : Virginia, West Virginia, North Carolina, South Caro-
lina, Georgia, and Florida :

1885

10,306

18.322,952

15,888,029

1.712,192,853

23,154,606

1.35

145.74

126.31

2,247

1,542

93.45

107.77

1886

10,551

18,228,065

17,894,908

2,127,137,056

26,047,706

1.22

145.56

142.90

2,478

1,696

116.70

118.87

1887

11,739

19,962,925

21,354,256

2,329,458,551

28,546,171

1.23

133.68

143.90

2,432

1,819

116.69

109.09

1888

11,927

20,364,681

25,126,262

2,626,604,875

31,204,530

1.18

124.19

153.23

2,616

2,107

128.97

104.54

1889

12,985

22,390,372

26,220,032

2,920,844,642

32,159,860

1.10

122.65

143.63

2,477

2,019

130.45

111.40

1890

14,555

27,412,441

35,185,795

3,921,778,147

40,563,011

1.03

115.22

147.97

2,787

2,417

143.07

111.46

1891

16,648

28,243,442

37,119,057

4,397,099,189

42,829,544

0.97

115.38

151.64

2,573

2,230

155.69

118.46

1892

17,612

28,565,463

38,232,507

4,701,598,130

43,697,868

0.93

'114.30

152.97

2,481

2,171

164.59

122.97

1893

18,171

31,148,462

43,313,634

5,389,055,229

46,286,082

0.86

106.86

148.60

2,547

2,384

173.01

124.42

1894

18,069

31,710,925

43,174,794

5,518,433,335

44,572,577

0.80

103.24

140.56

2,467

2,389

174.02

130.13

1895

20,443

37,056,592

45,800,646

6,216,071,981

49,054,174

0.79

107.10

132.37

2,400

2,240

107.74

135.72

1896

20,849

35,51 9,648

48,476.089

6,871,752,640

51,607,677

0.76

106.46

145.30

2,475

2,325' 193.46

141.76

1897

21,414

33,476,636

48,550,606

6,879,857,138

52,602,696

0.76

108.35

157.13

2,456

2,267! 205. 51

141.70

GROUP 5. — Oulf and Mississippi Valley States : Alabama, Mississippi, Kentucky, Ten-
nessee, and Louisiana :

1885

9,294

15,680,928

19,187,613

1,965,478,537

28,097,944

1.43

146.43 | 179.19

3,023

2,065

125.34

102.43

1886

8,219

15,333,078

19,041,522

1,990,697,600

26,047,706

1.31

136.79

169.88

3,169

2,317

129.83

104.54

1887

8,514

19,431,861

24,822,850

2,543,625,018

31,590,070

1.24

127.26

162.57

3.710

2,916

130.90

102.47

1888

9,323

20,894,912

29,163,459

2,863,788,358

31,096,462

1.09

106.63

148.82

3.333

3,128

137.06

98.20

1889

9,709

21,692,537

32,197,406

3,127,783,146

33,537,473

1.07

104.16

154.60

3,354

3,316

144.19

97.14

1890

9,569

24,267,858

36,780,161

3,618,298,877

37,505,906

1.04

101.97

154.55

3,920

3,844,

149.98

98.38

1891

10,731

27,003,127

41,127,498

4,016,569,963

40,519,642

1.01

98.52

150.06

3,776

3,83?

148.74

97.66

1892

11,410

27,715,121

35,145,153

4,308,470,432

41,821,081

1.19

95.33

150.90

3.665

3,080

155.46

122.59

1893

11,134

26,394,614

32,860,223

4,135,336,614

40,137,972

0.97

122.15

152.07

3.605

2,951

156.67

135.85

1894

11,667

24,319,273

29,007,647

3,970,030,148

35,671,107

0.90

122.97

146.68

3,057

2,486

165.25

163.86

1895

10,329

21.655,225

26.779,193

3,679,608,606

32,794,960

0.89

122.46

151.44

3,175

2,592

169.92

137.37

1896

10,236

22,907,766

30,004,706

4,023,784,522

34,684,285

0.86

115.60

151.41

3,388

2,931

175.65

134.11

1897

9,949

23,590,609

30,761,251

4,181,953,021

85,499,124

0.85

115.40

150.48

8,568

3,092

177.27

135.95.

Xlll

GROUP 6. — Southwestern States: Missouri, Arkansas, Texas, Kansas, Colorado, New
^Mexico, and Indian Country :

£d

£%

FREIGHT TRAFFIC.

FREIGHT EARNINGS.

O 4>

§.£?«'

3 .

'•

w.s

c §

5^ s

E-I'<BS

Kg

g

^3 a

= E-<

Av. Re-

. ^

Av.Rec.

Av.Rec.

o> S3 —

"SfcS

m
fa

JS%

W^j

Freight

Freight

Gross

ceipts

Av.-Kec.

p. Frei't

per

ti — '5

do.s

03° fci

&

MO

s.s

s'3

Carried.

Movement.

Amount.

per Ton
p. Mile.

Ton.

Train
Mile.

Mile of
RR.

* §'-'

| °«

Miles.

Miles.

Tang.

Miles.

$

Cents.

Cents.

Cents.

S

Tans.

Miles.

Miles.

1885

19,541

30,967,539

27,690,116

3,663,819,348

63,796,034

1.74

230.39

206.01

3,265

1,417

118.31

132.32

1886

20.257

35,311,756

30,014,963

4,315, 466,&57

67,411,362

1.56

224.59

190.90

3,322

1,482

122.21

143.78

1887 22,987

42,103,066

33,897,451

5,057,130,003

77,320,674

1.53

228.10

183.65

3,364

1,475

120.11

149.19

1888

26,070

45,628,285

35,928,807

4,973,068,582

73.314,943

1.47

204.05

160.68

2,812

1,378

108.99

138.41

1889 28,076

46,867,367

37,883,431

5,638,169,998

78,596,597

1.21

207.40

167.70

2,799

1,349

120.30

148.83

1890 28,356

50,663,806

38,272,891

6,746,133.009

91,178,601

1.35

238.23

179.97

3,216

1,385

133.15

176.26

1891

29,828

55,380,187

39,127,235

6,989,199,835

94,033,099

1.35

240.33

169.80

3,153

1,312

126.20

178.64

1892

30,313

58,086,799

42,870,203

6,582,922,431

102,420,148

1.56

238.91

176.32

3,379

1,414

113.33

153.55

1893 30.777

61,515,240

45,210,460

8,317,784,934

102,971,532

1 24

227.76

167.39

3,346

1,469

135.22

183.98

1894 30,591

55,539,171

40,448,861

7,480,699,078

85,703,401

1.15

211.88

154.31

2,802

1,322

134.69

184.94

189531,744

56,238,816

43,655,714

7,285,185,949

90,416,124

1.24

207.11

160.77

2,848

1,3'. 5

129.54

166.88

189631,046

54,873,333

40,367,463

7,577,986,274

86,919,606

1.15

215.32

158.40

2,800

1,300

138.10

187.72

189731,760

61,209,372

49,552,336

9,356,24-2.003

97,968,033

1.05

197.71

160.06

3,084

1,591

152.86

188.82

GROUP 7. — Northwestern States: Iowa, Minnesota, Nebraska, North Dakota, South
Dakota, Wyoming, and Montana :

1885 11,666! 18,150,534

16,835,340

2,679,319,340

39,691,306

1.48

235.76

218.67

3,402

1,443

147.62

159.15

1886

12,330

18,748,699

18,656,408

2,910,804,027

41,375,195

1.42

221.77

220.68

3,356

1,513

155.25

156.02

1887

15,325

25,763,360

24,496,253

3,948,535,382

50,880,294

1.29

207.71

197.49

3,320

1,598

153.26

161.19

1888

15,916

26,564,557

23,572,870

t,247,549,553

51,574,690

1.21

218.79

194.15

3,240

1,481

159.90

180.19

1889 19,700

31,280,950

24,240,830

4,645,434,088

58,387,672

1.26

240.86

186.66

2,964

1,231

148.51

191.64

1890 '20,859

42,248,335

31,632,004

6,368,549,651

67,745,469

1.06

214.17

160.%

3,248

1,516

150.69

201.33

1891 '20,299

42,036,978

33,155,532

6,748,708,493

72-,155,107

1.07

217.63

171.65

3,555

1,633

160.54

203.55

1892'22,064

43,847,056

37,593,938

7,422,096,785

79,905,271

1.08

812.55

182.24

3,622

1,704

179.27

197.43

139321,882

44,128,277

37,148,942

7,439,931,122

76,208,054

1.02

205.14

172.70

3,483

1,698

168.82

200.54

1894 22.885

33,741,216

30,508,547

6,105,115,988

62,894,211

1.03

206.15

186.40

2.748

1,333

180.94

200.11

1895 22.507

33,646,854

32,918,571

6,306,714,622

65,760,741

1.04

199.83

195.43

2,922

1,462

187.44

199.77

1896 22.428

34,964,923

38,816,203

7,237,982,906

74,548,090

1.03

194.63

213.21

3,324

1,730

•207.01

186.73

189721,194

33,766,216

39.921,519

7,252.595.347

71,958,7181 0.99

180.25

213.11

3,395

1,883

214.79

181.67

GROUP 8. — Pacific States : California, Oregon, Washington, Nevada, Arizona, Utah, and

Idaho :

1885

5,835| 7,727,719

5,503,588

890,125,057

20,228,035

2.27

367.54

2bl.69

3,467

943

115.19

161.74

18S6

6,340

6,812,406

5,467,562

987,238,8:33

22,583.847

2.28

413.05

331.51

3,562

862

144.92

180.56

1887

8,405

14,103,540

11,867,050

2,535,883,848

32,108,398

1.26

270.57

227.66

3,820

1,412

179.81

213.69

1888

9,168

13,452,317

12,774,662

2,222,897,617

37,608,823

1.69

294.40

279.57

4,120

1,393

165.24

174.01

1889

8,381

14,649,313

14,307,951

2,017,160.540

35,128,839

1.74

245.52

239.80

4,191

1,707

137.69

140.98

1890

7,376

14,670,448

10,937.953

2,094,931,600

32,729,117

1.56

299.23

223.09

4,437

1,483

142.79

191.53

1891

8,319

15,469.768

11,894,655

2,209, 722, 423 ' 35,378,671

1.60

297.43

529.59

4,253

1,430

143.40

185.77

1892

8,886

14,708,848

11,980,350

2,239,114,900

34.785.858

1.55

290.36

236.50

3,937

1,356

152.23

186.90

1893

10,273

15,245,276-

12,539,279

2,496,569,629

36.620,564

1.47

292.05

240.21

3,565

1,221

163.76

199.10

1894

10,518

16,839.361

13.131,681

2,903,677,383

33,748,130

1.16

257.00

200.41

3,209

1,248

173.03

221.12

1895

10,849

16,901,091

11,690,185

2,797,375.432

36,652,650

1.31

313.53

216.86

3,378

1,078

165.51

239.29

1896

11,086

15,894,079

13,677,178

2,981,516,464

35,253,923

1.18

257.80

221.81

3,180

1,234

187.60

217.99

1897

11.960

17,706,304

15,421,020

3,307,657,992

39,017,906

1.18

253.02

220.36

3,262

1,289

186.81

214.49

GROSS AND NET EARNINGS, INTEREST, AND DIVIDENDS FOR THIRTEEN TEARS, 1885-1897.

Statement showing gross and net earnings, available revenue, interest and dividend pay-
ments, etc., of all the steam surface railroads in the United States, from 1885 to 1897, inclu-
sive :

PAYMENTS FROM AVAIL-

EARNINGS PER

Ex-.

Interest

Divi-

a

(fl

Gross
Earnings.

Net
Earnings.

Total
Available
Revenue.

ABLE REVENUE.

MILE OF RR.

penses
to
Earn-
ings.

paid—
on total
Bonded
Debt.

dends
paid —
on total
Share
Capital.

Int. on Bds.

Dividends.

Gross.

Net.

1885..

$
765,310,419

266,488,993

S
352,881,470

$
179,681,323

$
77,672,105

8
6,265

S
2,185

p. c.
65.12

p. c.

4.77

p. c.

2.02

1886..

822,191,949

297,311,615

363,511,704

182,884,990

80,094,138

6,570

2,376

63.84

4.75

2.04

18S7. .

931,385,154

331,135.676

414,300,031

196,081,610

90,013,458

6,861

2,444

64.45

4.71

2.18

1888..

950,622.008

297,363,677

382,261,557

199,062,531

78,943,041

6,540

2,045

68.72

4.35

1.77

1889..

992,046.319

317,963,074

406,767,22-2

210,268.325

79,531,863

6,455

2,068

67.95

4.40

1.81

1890..

1,078,835.339

341,666,369

449,712,756

217,922,677

83,575,705

6,822

2,162

68.33

4.27

1.80

1891 . .

1.125,534,815

350,807,370

451,947,193

222,652,306

89,099,757

6,852

2.136

68.83

4.25

1.85

18"-. .

1.109.036.840

352,817,405

467,246,357

229.909,292

93,863,412

6,855

2,038

69.82

4.25

1.93

1893.

1, 207,106,0-6

358,648,918

469.815,755

237,677,728

94,295,815

6,963

2,069

70.29

4.31

1.88

1894..

1.066,943,358

317,757,399

413,916,233

234,698,134

83,478,669

6,054

1,803

70.22

4.11

1.64

1895..

1,092,395.437

323.196,454

436,964.529

239,944.229

81,685,774

6,097

1,804

70.41

4.24

1.58

1896..

1,125,632,025

332,333,756

436,341,298

242,415,494

81,364,854

6,223

1,837

70.48

4.47

1.54

1897.

1.123.546.666

338,170,195

433,184,102

231.046,819

82,630,989

6,203

1,867

69.91

4.27

1.52

XIV

GROSS AND NET EARNINGS, INTEREST AND DIVIDEND PAYMENTS, ETC., ETC., BY GROUPS

OF STATES, 1885-1897.

GROUP -1. — New England States: Maine, New Hampshire, Vermont, Massachusetts,
Rhode Island, and Connecticut :

PAYMENTS FROM AVAIL-

EARNINGS PER

Ex-

Interest

Divi-

H

3

H

bri

Gross
Earnings.

Net
Earnings.

Total
Available
Revenue.

ABLE REVENUE.

MILE OF RR.

penses
to
Earn-

paid—
on total
Bonded

dends
paid—
on total

r*1

Int. on Bds.

Dividends.

Gross.

Net.

ings.

Debt.

Share
Capital .

$

8

$

1

$

$

$

p. c.

p. c.

p. c.

1885.

56,849,552

17,300,846

21,721,922

7,483,632

9,166,358

8,866

2,698

69.57

5.32

4.49

1886.

62,653,718

19,880,203

24,052,875

6,877,864

9,483,360

9,733

3,088

68.27

4.78

4.68

1887.

66,324,051

19,266,191

24,686,627

7,090,404

10,199,407

9,923

2,882

70.94

5.07

4.47

1888.

68,622,972

17,138,505

24,243,177

7,447,122

10.341,568

10,008

2,499

75.03

4.56

4.82

1889.

73,172,227

20,479,406

28,194,977

8,044,090

10,308,195

10,565

2,957

72.01

5.00

4.48

1890.

77,758,298

82,111,742

31,019,732

8,287,463

11,104,<;45

11,132

3,166

71.56

4.99

4.70

1891.

79,564,133

21,698,202

28,068,593

8,308,965

11,542.985

10,875

2,966

72.73

4.93

4.77

1892.

83,434,898

22,721,232

29,886,440

8,750,023

12.547,926

11,379

3,099

72.77

5.25

4.87

1893.

82,108,460

20,694,289

28,825,738

8,305,101

12,331.830

11,501

2,900

74.80

5.11

4.59

1894.

78,578,486

20.310,989

30,230,559

9,064,621

13,860,(,09

10,545

2,726

74.15

5.32

4.92

1895.

82,945,401

21,929.311

32,392,645

9,166,008

13,990,999

10,829

2,863

73.56

5.17

4.87

1896.

88,607,972

22,063,587

33,976,414

8,004.877

14,100,861

11,441

2.849

75.10

4.78

4.62

1897.

84,900,841

21,418,192

32,456,242

8,253,759

15,243,022

11,168

2,817

74.77

4.56

4.96

GROUP 2. — Middle States : New York, New Jersey, Pennsylvania, Delaware, and Mary-
land :

1885.

206,709,812

72,589,434

116,299,759

52,270,770

28,880,825

11,495

4,035

64.90

5.29

2.75

1886.

234,901,081

87,404,282

114,918,179

60,195,203

27,731,093

12,684

4,725

62.79

5.86

2.68

1887.

254,258,795

94,648,430

1*3,200,007

57,876,690

29,006.806

13,624

5.072

62.77

5.40

2.77

1888.

263,955,407

93,303,618

136,379,839

53,284,037

27,919,453

14,045

4,964

64.65

4.55

2.60

1889.

268,543,056

90,251,349

129,975,072

56,926,155

27,711,622

14,019

4,712

66.39

4.74

2.54

1890.

287.823,998

95,689,477

141,602,259

55,677,549

30,456,989

15,129

4,908

67.57

4.72

2.59

1891.

297,519,731

97,678,585

139,159,652

53,822.690

32,451,974

15,107

4,959

67.17

4.49

2.87

1892.

290,551,581

91,682,500

147,527,902

53,390.512

35,361.689

14,618

4,613

68.45

4.27

3.02

18rf3.

317,827.375

104,196,397

157,305,657

58.169,109

34,167,593

15,570

5,105

67.21

4.53

2.86

1894.

283.244,831

89.588,533

141,053,467

58,38(5,355

31,817,369

13,636

4,313

68.37

4.51

2.62

1895.

302,932,913

97,737,311

148,020,443

58,875.733

31,298,734

13,889

4,465

67.77

4.50

2.56

1896.

303,985,266

91,290,809

142,986.293

59,134,489

30,521,000

13,639

4,096

69.97

4.44

2.38

1897.

307,474,564

94,984,081

146,246,510

59,048,366

29,215,395

13,633

4,211

69.11

4.49

2.11

GROUP 3. — Central Northern States : Ohio, Michigan, Indiana, Illinois, and Wisconsin

1885..

244,933,448

80,169,730

97,690,794

45.890,405

25,613,050

5,804

1,898

67.27

4.3T

2.48

1886..

257,718,913

92,081,975

101,660,293

471266,520

27,124,794

5,984

2,138

64.27

4.38

2.57

1887..

285,471,457

100,670,367

111,020,681

49,999,866

30,621,049

6,479

2,285

64.74

4.54

2.92

1888..

282,127,867

83,113,163

93,853,114

54,809,319

26,797,578

5,942

3,750

70.50

4.5C

2.37

1889..

296,335,475

94,350,868

109,368,746

59,144,816

25,490,987

6,041

1,923

68.17

4.47

2.17

1890..

319,191,098

97.054,501

114,395,332

59,390,572

26,966,201

6,267

1,905

69.59

4.42

2.26

1891 . .

329,075,649

100,844,470

110,358,107

60,322,414

26,706,279

6,399

1,961

69.36

4.39

2.24

1892..

358,591,952

102,264,457

115,611,426

62,528,972

29,248,857

6,745

1,924

71.48

4.43

2.45

1893..

367,560,006

104,627,283

1 18,290,990

66,138.582

31,382,555

6,861

1,958

71.65

4.48

2.54

1894..

320,059,579

93,023,365

109,091,000

65,544,675

29,128,780

5,898

1,714

71.00

4.32

2.32

1895..

313,050,555

91,352,512

107,435,854

66,231,194

27.177,231

5,826

1,737

70.89

4.34

2.15

1896..

331,218,672

99,720,945

112,724,176

66,718,392

26,930,483

5,999

1,806

69.89

4.75

2.24

1897..

318,060,174

97,254,094

108,975,733

63,571,375

26,487,304

5,901

1,804

69.42

4.58

2.32

GROUP 4. — South Atlantic States: Virginia, "West Virginia, North Carolina, South Caro-
lina, Georgia, and Florida :

1885..

36,091,693

11,371,057

13,889,783

7,902,905

1,985,099

3,502

1,103

67.47

3.60

0.90

1886..

37,980,774

12,354,841

15,477,910

8,908,735

2,216,146

3,600

1,171

62.20

3.84

0.89

1887..

43,909,351

13,654,210

16,617,057

9,278,328

1,846,690

3,740

1,163

68.04

3.46

0.69

1888..

46,442,226

12,609,714

16.091.660

9,937,839

2,028.309

3,894

1,057

72.85

3.54

0.64

1889..

48,193,212

13,539,452

17,114,333

11,117,710

3.059.823

3,711

1,043

71.91

3.68

0.90

1890..

60.887,375

18,124.613

21,232,082

11,783,685

3,359,552

4,183

1,245

70.23

3.50

0.91

1891 . .

66.238,692

19,596,053

24,672,728

15,077,290

4,216,580

3,979

1,177

70.51

4.31

1.13

1892..

66,642,603

19,399,385

24,852,430

14,576,950

4,013,511

3,784

1,101

70.89

3.82

1.06

1893. .

70.251,053

17,151,190

21,340,830

14,083,041

2,671.925

3,866

944

75.59

3.57

0.69

1894..

65,924,149

17,360,653

19.436,146

12,662,121

1,615,090

3,648

961

73.67

3.19

0.43

1895..

71,682,455

18,657,309

22,732,447

15,672,161

2,225,988

3,506

913

73.97

3.61

0.43

1896..

75.258,454

20,351,389

23,984,758

17,589,379

2,388,587

3,610

976

72.96

4.0C

0.47

1897..

75,592,778

21,577,685

25,721,543

17,640,579

2,579,035

3,530

1,008

71.46

4.17

0.49

XV

GROUP 5.— Gulf and Mississippi Valley States : Alabama, Mississippi, Tennessee, Ken-
tucky, and Louisiana :

PAYMENTS FROM AVAIL-

EARNINGS PER

Divi-

YEARS.

Gross
Earnings.

Net
Earnings.

Total
Available
Revenue.

ABLE REVENUE.

MILE OP RR.

Ex-
penses
to
Earn-
ings.

Interest
Paid—
on total
Bonded
Debt.

dends
Paid—
on total
Share
Capital.

Interest on
Bonds.

Dividends.

Gross.

Net.

$

S

$

9

$

$

$

p. c.

p. c.

p. c.

1885..

40,339,527

13,477,243

15,953,079

11,896,537

600.395

4,339 30

1,450 11

66.60

4.05

0.28

1886..

38,066,947

12,611,742

15,306,490

10,102,356

601,595

4,619 41

1,53434

66.87

3.77

0.24

1887..

44,905,458

15,472,733

19,657,714

11,509,441

586,845

5,274 30

1,817 32

65.55

3.91

0.23

1888..

46.332,801

15,551.346

17,536,541

9,821,202

2,005,880

4,969 73

1,66806

66.44

3.08

0.79

1889..

48,801,029

16,633,956

17,918,023

11,710,873

2,890,711

5,02637

1,713 25

65.91

3.63

1.10

1890..

54,572,123

19,008,139

20,773,764

14,119,817

3,255,818

5,703 01

1,98643

65.17

4.40

1.23

1891..

59,917,974

19,078,904

22,7:30,694

13.271,444

3,128,346

5.58363

1,77792

68.16

3.81

1.02

1892..

60,472,997

17,101,843

19,593,427

13.473,058

3,407,635

5,30000

1,49900

71.73

3.64

1.10

1893..

59,498,433

17,487,262

19,700,970

12,455,525

2,928,225

5,343 ffi

1,570 62

70.61

3.35

0.94

1894..

53.125,654

16.856,083

17,680,492

12,757,292

530.734

4,28433

1,359 36

68.27

3.52

0.18

1895..

47,359.777

14,268,209

16,359,674

10,818,578

710,549

4,58513

1,381 37

69.87

3.13

0.27

1896..

50,388,895

14,957,308

16,499,297

11,490,909

782,270

4,92271

1,461 25

70.32

3.68

0.34

1897..

50,416,308

14.995,589

16,672,374

11,576.356

882,420

5,067 48

1,50724

70.25

3.85

0.38

GROUP 6. — Southwestern States.
Mexico :

Missouri, Arkansas, Texas, Kansas, Colorado, and New

1885.

91,215,402

33,080,610

86,982,097

21,740.939

7,018,829

4,668

1,693

63.73

4.26

1.30

1886.

95,872,115

a3.628,928

38,518,063

22,737,239

8,090,406

4,733

1,660

64.92

4.11

1.30

1887.

112,018,500

38,532,461

45,874,803

26,362,606

12,256,684

4,873

1,676

65.60

4.04

1.81

1888.

107,924,479

26,776,469

32,567,160

30,442.398

5.994.410

4,140

1.027

75.19

4.21

0.83

1889.

114,566,627

32,261,793

38,853,226

25,232,640

5.014.607

4,081

1,149

71.84

3.51

0.72

1890.

129,375,410

37,501,484

47,480,330

28,275,127

3,740,921

4,562

1,322

71.01

3.12

0.49

1891.

134,617,308

33,711,123

43,470,906

31,109,272

3,225.451

4,513

1,130

74.95

3.40

0.40

1892.

143,229,009

39,491,532

45,205,149

35,789,611

1,357,571

4,725

1,303

72.43

3.85

0.17

1893.

145,405,895

33,351,386

46,359,114

34,946,024

2,457,134

4,725

1,246

73.62

3.72

0.30

1894.

1«4,257,626

31.915,790

36,407,390

45,039,364

1,167,331

4,062

1,043

74.31

3.75

0.13

1895.

128,602,824

30,750,464

37,943,296

37,005,002

993.518

4,051

969

76.08

3.97

0.12

1896.

123,333,567

29,917,944

32,673,153

33,006,520

779,088

3.973

964

75.74

3.81

0.08

1897.

133,678,292

34.824,482

38,044.312

29,060,330

1,781,216

4,209

1,096

73.87

3.36

0.19

GROUP 7. — Northwestern States : Iowa, Minnesota,
Dakota, Wyoming, and Montana :

Nebraska, North Dakota, South

1885..

55,899,007

23,801,959

30,122,277

18,266,312

2,891,979

4,791

2,040

57.42

5.13

0.92

1886..

58,142,485

23,324,808

31,821,936

18,525,066

2,904,004

4,715

1,892

59.88

5.11

0.90

1887..

72,344,522

28,259,250

35,775,221

20,427,477

3,642,127

4,721

1,844

60.94

4.76

0.97

1888..

73,915,532

27.358,585

32,635,323

20,494,396

2,039,183

4,644

1,719

62.99

3.95

0.5*

1889..

84,056.412

29,785,081

37,450,837

24,400,504

1,986,531

4,267

1,512

64.56

4.35

0.49

1890..

95,693,63-1

33,105,599

44,718,950

25,509,195

3,009,706

4,587

1.587

65.40

4.57

0.75

1891 . .

101,151,665

36.596,r51

51,397,047

27,626,256

4,569.737

4,983

1,803

63.82

4.47

.07

1892. .

109,577,386

40,084,125

56,133,610

38,694,253

4,600.188

4,966

1,817

63.42

4.59

.06

1893..

105,100,545

35,755,226

51,617,904

29,474,197

4,519,942

4,803

1,634

65.98

4.70

0.95

1894..

86,577,672

30,803.971

38.328.332

27,207,724

5,318,756

3,783

1,346

64.42

4.23

.11

1895..

88,015,556

29,546,496

41.656,110

29,989,920

5,199,112

3,911

1,313

66 43

4.73

.08

1896..

96,263,277

36,183,840

47,608,985

29,413,890

5.765,539

4,292

1,613

62.41

4.69

.18

1897..

94,311,718

33,080,822

42,384,874

27,089,169

6,036,997

4,288

1,504

64.92

4.18

1.09

GROUP 8. — Pacific States : Washington, Oregon, California, Nevada, Arizona, Utah, and
Idaho :

1885.

33,182,078

14,698,114

20,221,759

14,229,823

1,515,570

5,687

2,519

55.71

6.86

0.61

1886.

36,855.916

16,024,836

21,755,958

8,271,998

1,939,740

5,813

2,527

56.52

3.77

0.73

1887.

52.153,020

20,632,034

26,467,921

13,536.796

1,853,850

6,205

2,455

60.42

4.68

0.72

1888.

61,300,724

21,512,277

28,954.7-13

12,826,218

1,816,660

6,686

a,346

64.91

5.94

0.62

1889.

58,378,281

20,661,169

27,892.008

13,691,537

3,069,387

6,966

2,465

64.61

5.40

1.04

1890.

53,533.403

19,070,814

28,490,307

14,379,269

1.678,877

7,258

2,586

64.37

5.99

1.04

1891.

57.449,663

21,603,282

32.089.466

13,113.975

3,258,405

6,906

2,597

62 40

5.02

1.01

1892.

56,536,414

20,072,331

28,435.9*3

12,705,913

3,325.035

6,398

2,272

64.50

4.69

1.05

1893.

59,354.309

20,385,885

26,374,552

14.106,149

3,836,611

5,778

1,984

65.65

5.51

1.16

1894.

55,175,361

17,898.015

21,688.847

14,040,760

40,000

5,246

1,702

67.57

4.94

0.01

1895.

57,805,956

18,954.842

30,424,060

11,987,738

89,643

5,507

1,806

67.45

4.18

0.03

1896.

56,575,922

17,847,934

25,888,222

17,057,038

97,026

5,103

1,610

68.45

6.21

0.03

1897.

59,111,991

20,3:3,425

22,682,522

14,806,882

405,000

4,942

1,695

65.70

5.09

0.11

XVI

Statement stowing mileage of railroads in each State and group of States on December
31 of each year at various periods since 1850 (including elevated roads in New York) :

STATES AND
GROUPS OP STATES.

1850

1860

1870

1880

1890

1894

1895

1896

1897

New England ;
Maine

345

472

786

1,005

1,377 47

1,621 38

1 704 71

1 719 46

1 754 77

New Hampshire

467

661

736

1,015

1,142.25

1,170.38

1,171 44

1 171 38

1 173 54

Vermont

290

554

614

914

991.42

975.36

974.99

982 74

qg5 74

Massachusetts

1,035

1,264

1,480

1,915

2,096 69

2,124 76

2,113 86

2 114 60

2 120 29

" Rhode Island

68

108

136

210

217.43

225.95

226 37

225 89

223 03

Connecticut

402

601

742

923

1,006.64

1,013.22

1,008.15

1,008.15

1,008.15

Group I., Total
Middle Atlantic :
New York

2,507
1,361

3,660
2,682

4,494
3,928

5,977
5 991

6,831.90
7,745 85

7,131.05
8,148 10

7,199.52
8 195 62

7,222.22
8222 04

7,265.52
8 241 15

New Jersey

206

560

1,125

1,684

2,099.86

2,205.05

2,208 07

2 216 65

2 229 98

Pennsylvania

1,240

2,598

4,656

6,191

8,636.55

9,541.18

9,634.20

9,781 04

9 965 49

Delaware

39

127

197

275

314.95

315 44

315 44

324 16

349 10

Maryland )

1,270.04

1,292.67

1,291 54

1 319 65

1 315 04

District of Columbia j

671

1,040

20.66

22.66

22.88

22.88

22.88

Group II., Total
Central Northern :
Ohio

3,105
575

6,353
2,946

10,577
3,538

15,181
5,792

20,087.91
7,980.49

21,525.10
8,626.20

21,667.75
8,699.12

21,886.42
8 762 95

22,123.64
8 766 79

Michigan

342

779

1,638

3 938

7,108 48

7,480 43

7,554 81

7 668 01

7 8°3 1 1

Indiana

228

' 2,163

3,177

4,373

6,109 19

6,396 56

6,416 03

6 423 36

6 421 37

Illinois

111

2,790

4,b23

7,851

10,115.90

10,567 50

10,620.19

10,726 81

10*785 43

Wisconsin

20

905

1,525

3.155

5,612.62

6,048.47

6,133.01

6,208.24

6,315.44

Group III., Total...
South Atlantic :
Virginia

1,276
384

9,583
1,379

14,701
1,486

25,109
1 893

36,926.68
3,359.65

39,119.16

3,575.18

39,423.16
3,603 38

39,789.37
3,599 37

40,112.14
3 628 70

West Virginia

97

352

387

691

1,433.30

1,976.99

2,075.16

2,094 49

2 161 19

North Carolina

2S3

937

1,178

1,486

3,128.17

3,348.15

3,395.35

3,399.74

3 477 65

South Carolina

289

973

1,139

1,427

2,289.15

2.617.13

2,622.55

2,654.90

2,666.07

Georgia

643

1,420

1,845

2,459

4,600.80

5,136 68

5,206.04

5,270 05

5 414 01

' Florida

21

402

446

518

2,489.52

2,986.33

3,059.05

3,139.05

3,149.13

Group IV., Total...
Gulf & Miss. Valley:
Kentucky

1,717
78

5,463
534

6,481
1,017

8,474
1,530

17,300.59
2,942.38

19,640.46
3,029.95

19,961.53
3,056.28

20,157.60
3,067 74

20,496.75
3 08609

Tennessee

1,253

1,492

1,843

2,767.38

3,124.28

3,116.54

3,109.68

3,106.82

Alabama

183

743

1,157

1,843

3,422.20

3,633.56

3,664.45

3,680.48

3,806.75

Mississippi

75

862

990

1,127

2,470.85

2,487.55

2,497.78

2,552.78

2,645 08

Louisiana

80

335

450

652

1,739.85

2,065.35

2,107.08

2,159.96

2.274.19

Group V., Total

Southwestern :

416

3,727
817

5,106
2,000

6,995
3,965

13,342.66
6,142.02

14,340.69
6,517.05

14,442.13
6,571.58

14,570.64
6,576.95

14,918.93
6,695 41

Arkansas

38

256

859

2,203.44

2,424.25

2,439.20

2,529 15

2 650 69

Texas

307

711

3,244

8,709.85

9,230.96

9,423.55

9,491 72

9,579.64

Kansas

1,501

3,400

8,892.11

8.872.16

8,875.25

8,873.40

8,843.21

Colorado .

157

1,750

4,291 11

4,538.86

4,503.19

4,509 06

4,575.86

New Mexico

758

1,388.77

1,510.36

1,505.03

1,502 44

1,502.07

Indian Country |

289

1,260.65

1,384 28

I 1,154.86

1,202.83

1,202.03

Oklahoma Territory, j

| 431.17

453.17

484.97

Group VI., Total

1,162

4,625

14,085

32,887.95

34,477.92

34,903.83

35,138.72

35,533.88

Northwestern :
Iowa ....

655

2,683

5400

8,416 13

8,508.27

8,523.13

8,511.40

8,513 91

Minnesota

1,092

3,151

5,545.35

6,028.61

6,053.67

6,121.92

6,176.76

Nebraska

705

1,953

5,407.47

5,541 36

5,542.27

5,541.43

5,538.73

North Dakota 1

65

1,225

2,116.49

2,528.16

2,534.11

2,562,38

2,603.95

South Dakota f"
Wyoming

459

512

2,610.41
1,002.93

1,177.93

1,177.93

2,801.90
1,177.93

2,801.41
1,177.93

Montana

106

2,195.57

2,824.61

2.828.55

2,885.55

2.906.90

Group VII., Total...

655

5,004

12,347

27,294.36

29,406.35

29,461 06

29,602.51

29,719.59

Pacific ;
California

23

925

2.195

4,328.03

4,634.89

4,757.55

4,948.05

5,198.71

Oregon

159

508

1,439.97

1,514.60

1,513.66

1,525.03

1,553.23

Washington

289

2,012.05

2,812.55

2,820.05

2,811.67

2,811.91

Nevada

593

739

923.18

922.62

915.62

915.62

908.37

Arizona

349

1,094.81

1,357.49

1,412.20

1,412.63

1,412.63

Utah

257

842

1,265.49

1,395.87

1,405.29

1,440.70

1,436.22

Idaho

206

946.11

1,089.49

1,1387.79

1,087.79

1,111.67

Group VIII., Total..

23

1,934

5,128

12,009.64

13,727.51

13,912.16

14,141.49

14,432.74

RECAPITULATION BY GROUPS OF STATES.

New England Group ....
Middle Group

2,507
3,105

3,660
6,.353

4,494
10,577

5,977
15.181

6,831.90
20,087.91

7,131.05
21,525.10

7.199.52
21,667.75

7,222.22
21,886.42

7,205.52
22,123.64

Central Northern Group.
South Atlantic Group . . .
Gulf & MississippiVy.Gr.
Southwestern Group

1,276
1,717
416

9,583
5,463
3,727
1,162

14,701
6,481
5,106
4,625

25,109
8,474
6,995
14.085

36,926.68
17,300.59
13,342.66

32,887.95

39,119.16
19,640.46
14,340.69
34,477.92

39,423.16
19,961. 5o
14,442.13
34,903.83

39,789.37
20,157.60
14,570.64
35,138.72

40,112.14
20,496.75
14,918.93
35,533.88

Northwestern Group

655

5,004

12,347

27,294.36

29,406.35

29,461.06

29,602.51

29,719.59

Pacific Group

23

1,934

5,128

12,009.64

13,727.51

13,912.16

14,141.49

14,432.74

United States

9,021

30 626

52,922

93,296

166,681.69

179,368.24

180,971.14

182,50897

184,603.19

Railroad Map of the United States— Section 1— A.

PRESIDENT.
J. WALN VAUX.

JOHN CADWALADER,
SAMUEL DICKSON,
JAMES M. DUANE,
HENRY L. GAW, Jr.,
MITCHELL HARRISON.

VICE-PRESIDENTS.

JOHN CADWALADER,
CHARLES HENRY JONES.

DIRECTORS.

SAMUEL F. HOUSTON.
JOHN N. HUTCHINSON,
MALCOLM LLOYD,
JACOB MUHR,
WILLIAM F. HEAD,

TREASURER.
HENRY C. BRENCLE.

J. WALN VAUX,
JOSEPH R. WAIN WRIGHT,
WILLIAM D. WINSOR,
ISAAC J. WISTAR,
WILLIAM AVYNNE WISTER, Jr.

5O3, 5O5, and 5O7 Chestnut Street,
PHILADELPHIA.

TELEPHONE NO. 1041.

CAPITAL,
$1,000,000

TRUST AND

SAFE DEPOSIT

COMPANY.

Complete safe de-
posit system, with
separate department
for ladies.

Private desks will
be rented to Deposi-
tors, and their mail
received at moder-
ate charges.

Wills deposited in
the vaults without
charge.

CHARTER
PERPETUAL

SAVINGS FUND

DEPARTMENT

PAYS

3 PER CENT.

on deposits, return-
able on ten days'
notice.

Accounts of min-
ors received and
payable to them
directly.

This Company acts as executor, administrator, guardian, trustee, committee, assignee, receiver,
and in all agencies or other fiduciary relations.

Acts as registrar of Stock, Bonds, etc., etc. Special attention given to the care of Real Estate,
Rents, etc., collected for 3 per cent.

Receives deposits on the following terms :

General Account* payable on demand. 2 per cent. General Account*
payable on 1O day*' notice and account* of all public and
charitable institution special rates by agreement.

Advances moneys on real estate operations, and insures titles to real estate, mortgages, etc.
Becomes surety for individuals and corporations. Letters of credit and passports provided.

Railroad Map of the United States— Section 1—1898.

MAINE, NEW HAMPSHIRE AND VERMONT.

Railroad Map of the United States— Section 1— B.

PARKINSON & BURR

BANKERS AND BROKERS,

53 State Street, Boston, Mass.

66 Broadway, New York, N. Y.

PRIVATE WIRE BETWEEN BOSTON AND NEW YORK OFFICES,

JOHN PARKINSON, I. TUCKER BURR, Jr.,

Member Boston and Chicago Stock Exchanges. Member Boston Stock Exchange.

JOSEPH M.GOODALE, WINTHROP BURR,

Member Boston Stock Exchange. Member New York Stock Exchange.

WILLIAM P. WARNER.

POOR & 6REENOUGH,

Bankers

WAIA STREET, _ NEW YORK.

INVESTMENTS IN RAILROAD BONDS A SPECIALTY.

0-rders Executed on the New York and London Stock Exchanges.
CORRESPONDENCE INVITED.

Railroad Map of the United States— Section 2— A.

/American Bank Note (Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS or STATE OF N«w YORK, 1858.— REORGANIZED, 1879.

ENGRAVERS £ PRINTERS

OK

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,

AND

ILLUMINATED SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPE PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank Books of Every Description.

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 2—1898.

iSMSSh.!

r An .M- B&siflei*v% I)

'Towner's
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Salem

tfontvUle (

?Northford

MASSACHUSETTS, RHODE ISLAND AND CONNECTICUT.

DRAWN A ENGRAVED BY AMERICAN BANK NOTE OO. N SW YORK

Railroad Map of the United States— Section 2— B.

NOW READY.

PRICE 50 CENTS.

1? MONEY QUESTION

A HANDBOOK FOR THE TIMES

By HENRY V. POOR,

Author of " Money and its Laws," " Resumption and the Silver Question,"

"Twenty -two Years of Protection," "Poor's Manual of the

Railroads of the United States," etc., etc.

Pp. vi-202. 8vo. Paper. Price SO cents.

Vhat is Money?

Function of Governments in the Matter of
Metallic Money*

Metallic Money of the United States.

Symbolic Money — Banks of Issue.

Savings Banks.

Money by Law.

Bank of the United States*

Overthrow of the Bank and the Inflation of
the Currency.

Change of Standards. Acts of 1834 and 1837.

Debasement of the Silver Currency. Act of
J853.

Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency,

TABLE OF CONTENTS.

United States Notes.

United States Safety-Fund Banking System.

Gold Certificates.

Demonetization of the Silver Dollar. Act
of J873.

Remonetization of Silver*

Act of J890.

Position of the Late Administration*

The Sound Money "Wing of the Democracy.

The Free Coinage Democracy.

Position of Present Administration*

Bi-metallism.

The Remedy.

NOTES AND ILLUSTRATIONS.

The Silver Recoinage in England.

Paper Money in France — The Mississippi Scheme.

Adam Smith*

PRICE 50 CENTS.

Sent postpaid to any address, on receipt of price.
Published and for sale by

H. V. & H. W. POOR,

Publishers of " Poor's Manual of Railroads,"

44 Broad Street, New York City,

Or, may be ordered through any bookseller.

Railroad Map of the United States— Section 3— A.

American Bank Note ComPany'

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858. — REORGANIZED, 1879,
I

ENGRAVERS ? PRINTERS

OF

BONDS AND STOCK CERTIFICATES.

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange. Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.
WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use
of the Company.

SAFETY COIXJRS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,

AND

ILLUMINATED SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device wirh Steel Plate Tints.

LITHOGRAPHIC AND TYPE PRINTING,

SHOW CARDS, LABELS, CALENDARS.

Blank: Books of Every Description.

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN.

FELIX CAMPBELL.

COPYRIGHT 1858, BY POOR'S RAILROAD MANUAL Co.

NEW YORK AND NEW JERSEY.

Railroad Map of the United States— Section 8— B.

POOR'S BUREAU

OF

Information and Investigation,

Conducted in connection with and as an adjunct to

Poor's Manual of Railroads,

WILL FURNISH UPON ORDER

Detailed information relative to new or projected Railroads,

Analyses of Railroad and other reports,

Statistics of Steam, Electric, Cable and Horse Railways,

Advance information relative to Railroad reports, etc. ; or will make

Full and comprehensive investigations into Railroad mortgages, bonds, leases or
other contracts.

In a word, we propose to furnish information of any character coming within the scope
of this Bureau, but not contained in or within the province of our three annual publica-
tions, viz.:

POOR'S MANUAL, OF RAILROADS,

POOR'S HAND-BOOK OX I \ VI>TJIi;\T SECURITIES,
POOR'S DIRECTORY OF RAILWAY OFFICIALS and
MANUAL OF AMERICAN STREET RAILWAYS.

Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.

Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to the
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at any time through official channels into the status of
new projects, and reports made thereon. Proceedings in foreclosure or reorganization will
be carefully followed, and all facts relating to such proceedings noted for reference.

It is believed that the establishment of this Bureau will prove of great benefit to the
subscribers for our annual publications, as it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Railroad Invest-
ments or projects, besides securing the privilege of access to our Library, which contains
all reports and documents issued during the past half century.

Annual subscribers to this Bureau may call for whatever information they desire
during the period of their subscription. Terms upon application. Address

JOHN P. MEANY, Manager,

44 Broad Street, New York, N. Y.

Railroad Map of the United States— Section 4— A.

American Ban^ Note ComPany>

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858.— REORGANIZED, 1879*

ENGRAVERS t. PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps,
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES^
WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use
of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATEDA"DSHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tintv

LITHOGRAPHIC AND TYPE PRINTING,

SHOW CARDS, LABELS, CALENDARS.

Blank: Books of Every Description.
TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, \V. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPA1*.

FELIX CAMPBELL.

COPYRIGHT i8;8, BY POOR'S RAILROAD MANUAL Co.

Railroad Map ot the United States— Section 4—1898.

PENNSYLVANIA AND OHIO.

Railroad Map of the United States— Section 4— B.

"Look at the Map'

^^^^^1 ^P^^rW _-^^-

Mk 'it,

\\

The Agent Said So,

And she found out for herself that "the Penn-
sylvania Lines are satisfactory in every respect."
All passengers over this system realize the same
pleasing truth.

E. A. FORD, L. F. LOREE,

Gen'l Pass. Agent, General Manager,

PITTSBURGH, PA.

rJ

PENNSYLVANIA RAILROAD.

DIRECT THROUGH LINE

TO THE

West, South, Southwest, and Northwest.

THROUGH PULLMAN VESTIBULE SLEEPING CARS

FKOM THE CITIES OP THE EAST TO

CHICAGO, ST. LOUIS, CLEVELAND, CINCINNATI, LOUISVILLE,
WASHINGTON, ATLANTA, NEW ORLEANS, JACKSONVILLE.

A Magnificent Double-Tracked Railway,

laid in Steel Rails and Stone Ballasted, and protected from accident by the most approved
appliances of modern times, over which runs daily between New York and Chicago

THE CELEBRATED PENNSYLVANIA LIMITED,

Of Pullman Vestibule Drawing-room, Sleeping, Dining, Smoking, and Library

Cars, heated by Steam and lighted by Stationary and

Movable Electric Lights.

J. B. HUTCHINSON, Gen. Man. J. R. WOOD, G. P. A.

Railroad Map of the United States — Section 5 — A.

American Bank Note Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795. — INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858.— REORGANIZED, 1879

ENGRAVERS Z PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES,

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special* papers manufactured exclusively for use

of the Company.

SAFETY COLORS.- —SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATED" SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPK PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank Bootes of Every Description

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 5—1898.

DELAWARE, MARYLAND, VIRGINIA, WEST VIRGINIA,
NORTH CAROLINA AND SOUTH CAROLINA.

Railroad Map of the United States — Section 5 — B.

WORKS BY HENRY V. POOR.

and Its Laws :

EMBRACINO

A HISTORY OF MONETARY THEORIES

AND

A HISTORY OF THE CURRENCIES

OF THK

UNITED STATES.

iSIEZtsTRTST "V"- IFOOIR-

One Vol., royal octavo, doth, pp. ad., 623. Price, $5.OO.

Sent, free of postage, upon receipt of price, by the publishers, and for sale by

all booksellers.

RESUMPTION

AND THE

A HAND-BOOK FOR THE TIMES.

EMBRACING

A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER

CURRENCIES OF THE UNITED STATES AND

OTHER NATIONS.

By HENRY V. POOR.

(1878.)

One Volume, 121110, Cloth, pp. 250. Price, $1.00.

Sent free of postage, on receipt of price, by the publishers, and for sale by all booksellers.

H. Y. & H. W. POOH, pimwm. 41 Broad St., lew YOU.

Railroad Map of the United States— Section 6— A.

American Ban^ Note ComPany'

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858. — REORGANIZED, 1879,

ENGRAVERS £ PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTIST'C STYLE FROM STEEL PLATES,

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS.- -SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATED" SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints,

AND TYPE PRINTINQ.

SHOW CARDS, LABELS, CALENDARS.

Blank: Boolcs of Every Description

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.

AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 6—1898.

GEORGIA, FLORIDA AND ALABAMA.

Railroad Map of the United States— Section 6— B.

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Railroad Map of the United States— Section T— A.

American Bank Note (Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATB or NEW YORK, 1858.— REORGANIZED, 1879.

ENGRAVERS * PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Better Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES,

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS,

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,

AND

ILLUMINATED SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPE PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank: Books of Every Description.

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 7—1898.

LOUISIANA, MISSISSIPPI AND ARKANSAS.

Railroad Map of the United States— Section 7— B.

NOW READY.

PRICE 50 CENTS.

Tf MONEY QUESTION

A HANDBOOK FOR THE TIMES

By HENRY V. POOR,

Author of "Money and its Laws," "Resumption and the Silver Question,*"

"Twenty-two Years of Protection," "Poor's Manual of the

Railroads of the United States," etc., etc.

Pp. vi-202. 8vo. Paper. Price SO cents.

"What is Money?

TABLE OF CONTENTS.

United States Notes.

Function of Governments in the Matter of
Metallic Money.

Metallic Money of the United States.

Symbolic Money — Banks of Issue.

Savings Banks.

Money by Law.

Bank of the United States.

Overthrow of the Bank and the Inflation of
the Currency.

Change of Standards. Acts of J834 and 1837.

Debasement of the Silver Currency. Act of
1853.

Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency.

United States Safety-Fund Banking System,
Gold Certificates.

Demonetization of the Silver Dollar. Act
of J873.

Remonetization of Silver.

Act of 1890.

Position of the Late Administration.

The Sound Money Wing of the Democracy.

The Free Coinage Democracy.

Position of Present Administration.

Bi-metallism.

The Remedy.
NOTES AND ILLUSTRATIONS.

The Silver Recoinage in England.

Paper Money in France — The Mississippi Scheme.

Adam Smith.

PRICE 50 CENTS.

Sent postpaid to any address, on receipt of price.
Published and for sale by

H. V. & H. W. POOR,

Publishers of " Poor's Manual of Railroads,"

44 Broad Street, New York City,

Or. may be ordered through any bookseller.

Railroad Map of the United States— Section 8— A.

American Bank Note ComPan7>

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858. — REORGANIZED, 1879.

ENGRAVERS 2 PRINTERS

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES,

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS.- —SAFETY PAPERS.

\VORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATED^ SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPK PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank Bootes of Every Description

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 8—1898.

KENTUCKY AND TENNESSEE.

Railroad Map of the United States— Section 8— B.

NOW READY.

PRICE 50 CENTS.

A HANDBOOK FOR THE TIMES

By HENRY V. POOR,

Author of "Money and its Laws," "Resumption and the Silver Question,'*

"Twenty-two Years of Protection," "Poor's Manual of the

Railroads of the United States," etc., etc.

Pp. vi-202. 8vo. Paper. Price 50 cents.

What is Money?

Function of Governments in the Matter of
Metallic Money.

Metallic Money of the United States.

Symbolic Money — Banks of Issue.

Savings Banks.

Money by Law.

Bank of the United States.

Overthrow of the Bank and the Inflation of
the Currency.

Change of Standards. Acts of 1834 and 1837.

Debasement of the Silver Currency. Act of
1853.

Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency.

TABLE OF CONTENTS.

United States Notes.

United States Safety-Fund Banking System*

Gold Certificates.

Act

Demonetization of the Silver Dollar,
of J873.

Remonetization of Silver.

Act of 1890.

Position of the Late Administration.

The Sound Money "Wing of the Democracy.

The Free Coinage Democracy.

Position of Present Administration,

Bi-metallism.

The Remedy.

NOTES AND ILLUSTRATIONS.

The Silver Recoinage in England.

Paper Money in France — The Mississippi Scheme*

Adam Smith.

PRICE 50 CENTS.

Sent postpaid to any address, on receipt of price.

Published and for sale by

H. V. & H. W. POOR,

Publishers of " Poor's Manual of Railroads,"

44 Broad Street, New York City,

Or, may be ordered through any bookseller.

Railroad Map of the United States— Section 9— A.

/American Bank jNJote Qompany,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795. — INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858. — REORGANIZED, 187

ENGRAVERS i PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps-
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATEDAN°SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPK PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank: Books of TZvery Description.

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.

AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER,

P. C. LOUNSBURY, W. J. ARKELL E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,.

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 9—1898.

INDIANA AND ILLINOIS.

Railroad Map of the United States— Section 9— B.

POOR'S BUREAU

OP

Information and Investigation,

Conducted in connection with and as an adjunct to

Poor's Manual of Railroads,

WILL FURNISH UPON ORDER

Detailed information relative to new or projected Railroads,

Analyses of Railroad and other reports,

Statistics of Steam, Electric, Cable and Horse Railways,

Advance information relative to Railroad reports, etc. ; or will make

Full and comprehensive investigations into Railroad mortgages, bonds, leases or
other contracts.

In a word, we propose to furnish information of any character coming within the scope?
of this Bureau, but not contained in or within the province of our three annual publica-
tions, viz.:

POOR'S MAMA I, OF RAILROADS,

POOR'S HAND-BOOK ON INVESTMENT SECURITIES,
POOR'S DIRECTORY OF RAILWAY OFFICIALS and
MANUAL. OF AMERICAN STREET RAILWAYS.

Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.

Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to the-
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at any time through official channels into the status of
new projects, and reports made thereon. Proceedings in foreclosure or reorganization will
be carefully followed, and all facts relating to such proceedings noted for reference.

It is believed that the establishment of this Bureau will prove of great benefit to the
subscribers for our annual publications, as it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Railroad Invest-
ments or projects, besides securing the privilege of access to our Library, which contains-
all reports and documents issued during the past half century.

Annual subscribers to this Bureau may call for whatever information they desire
during the period of their subscription. Terms upon application. Address

JOHN P. MEANY, Manager,

44 Broad Street. New York, N.Y.

Railroad Map of the United States— Section 1O— A.

American Bank Note (Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858. — REORGANIZED, 1879.

ENGRAVERS £ PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES,

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS.- —SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATED^ SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOQRAPHIC AND TYPE PRIMTINQ.

SHOW CARDS, LABELS, CALENDARS.

Blank: Books of Every Description

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.

AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARV. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 1O— 1898.

MICHIGAN AND WISCONSIN.

Railroad Map of the United States— Section 1O— B.

HENRY W. POOR. JOHN GREENOUOH.

POOR & GREENOUGH,

BANKERS,

18 WALL STREET. NEW YORK.

Orders Executed for all Securities Dealt in at
the New York Stock Exchange.

RAILWAY INVESTMENT

A Specialty.

CHOICE SECURITIES ALWAYS ON HAND.

We are in correspondence with nearly every Railroad

Company in the Country through our

connection with

which gives us special advantages for information for
the benefit of our customers.

Correspondence Invited. Interest allowed on Deposits, subject to Check at sight

18 WALL STREET, NEW YORK.

Railroad Map of the United States— Section 1 1— A.

American J^nk Note (Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858. — REORGANIZED, 1879,

ENGRAVERS £ PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,

AND

ILLUMINATED SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPE PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank Books of Every Description.

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 11—1898.

IOWA AND MISSOURI,

Railroad Map of the United States— Section 11— B.

NOW READY.

MONEY AND ITS LAWS:

EMBRACINOr

A HISTORY OF MONETARY THEORIES

AND

A HISTORY OF THE CURRENCIES

OF THE

UNITED STATES.

By HENRY V. POOR,

Published by H. V. & H. W. POOR, 44 Broad Street, New York.

1 vol., royal octavo, cloth, pp. xl., 623.
Price, $5.OO.

Sent, free of postage, upon receipt of price, by the publishers, and for sale by all booksellers.

Of the excellence and completeness of tfhe work the publishers present the following
testimonial :

" The undersigned, having carefully examined the work recently published by Mr. HENRY V.
POOR upon the subject of MONEY, hereby express their conviction that he has unfolded its NATURE
and LAWS with an amplitude and clearness which have all the force of demonstration. His assump-
tion of treating money as a subject coming within the range of the exact sciences has been well
sustained. The application of the principles laid down hi the first part of his work cannot fail to
restore order in the place of the chaos of opinion which now prevails, and to point out, unmistakably,
the conditions necessary to a restoration of the currency of the country to the standard of coin. We
commend the work to the public as an able, scholarly, painstaking, and exhaustive treatise upon a
subject in which is involved, more than in any other now engaging their attention, the welfare of
the people of the United States."

GEORGE S. COE, President American Exchange National Bank, New York.
J. D. VERMILYE, President Merchants' National Bank, New York.
JOHN CUMMINGS, President Shawmut National Bank, Boston, Mass.
JAMES H. BEAL, President Second National Bank, Boston, Mass.
WINSLOW, LANIER & CO., Bankers, New York.
JAMES A. DUPEE, Treasurer Hamilton & Appleton Mfg. Co., Boston, Mass.

Railroad Map of tlie United States— Section 12— A.

American Ban^ Note ComPany'

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858.— REORGANIZED, 1879.

ENGRAVERS ^ PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

• • RAILWAY TICKETS, MAPS, FOLDERS,

AND

ILLUMINATED SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPE PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank Bootes of Everj^ Description.

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAN'D, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 12—1898.

NORTH DAKOTA, SOUTH DAKOTA AND MINNESOTA.

& r^'

Smerson 3**** \

i tf: (l f \ IS

Av-

^

'i^fWJ^S^^

ra^iwA i*»vt . /5<?>!$*i_

c^^_jq^L»Crosse

^nSfSi

*u..»r.n t]i»^^Jrf' TA *f-^

f Sioux City

^eldon
'Alton

50 40 30 20 10 0

Railroad Map of the United States— Section 1 2— B.

NOW READY.

PRICE SO CENTS.

MONEY QUESTION

A HANDBOOK FOR THE TIMES

By HENRY V. POOR,

Author of "Money and its Laws," "Resumption and the Silver Question,'"

*• Twenty-two Years of Protection," " Poor's Manual of the

Railroads of the United States," etc., etc.

Pp. vi-202. 8vo. Paper. Price 50 cents.

What is Money?

TABLE OF CONTENTS.

United States Notes.

Function of Governments in the Matter of
Metallic Money.

Metallic Money of the United States.

Symbolic Money — Banks of Issue.

Savings Banks.

Money by Law.

Bank of the United States.

Overthrow of the Bank and the Inflation of
the Currency.

Change of Standards. Acts of 1834 and 1837.

Debasement of the Silver Currency. Act of
1853.

Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency,

United States Safety-Fund Banking System*
Gold Certificates.

Demonetization of the Silver Dollar. Act
of 1873.

R.emonetization of Silver.

Act of 1890.

Position of the Late Administration.

The Sound Money Wing of the Democracy*

The Free Coinage Democracy.

Position of Present Administration.

Bi-metallism.

The Remedy.

NOTES AND ILLUSTRATIONS.

The Silver Recoinage in England.

Paper Money in France — The Mississippi Scheme*

Adam Smith.

PRICE 50 CENTS.

Sent postpaid to any address, on receipt of price.
Published and for sale by

H. V. & H. W. POOR,

Publishers of " Poor's Manual of Railroads,"

44 Broad Street, New York City,

Or. may be ordered through any bookseller.

Railroad Map of the United States— Section 13— A.

American Bank Note Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795. — INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858.— REORGANIZED, 1879.

ENGRAVERS ^ PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES,

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS.- —SAFETY PAPERS.

'.VORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATED" SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOORAPHIC AND TYPE; PRINTINQ,

SHOW CARDS, LABELS, CALENDARS.

Blank: Boolcs of Every Description

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 13—1898.

NEBRASKA, KANSAS AND INDIAN TERRITORY.

Railroad Map of the United States— Section 1 3— B.

POOR & 6REENOUGH,

Bankers

18 WALL STREET, _ NEW YORK.

INVESTMENTS IN RAILROAD BONDS A SPECIALTY,

Orders Executed on the New York and London Stock Exchanges.
CORRESPONDENCE INVITED.

Railroad Map of the United States— Section 14— A.

American J>ank Note Company,

78 TO 86 TRINITY PLACE, NEW YORK.

•USINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858.— REORGANIZED, 1879,

ENGRAVERS 2 PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES^

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATED^SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPE PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank Books of Every Description.

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS-TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1858, BY POOR'S RAILROAD MANUAL Co.

Kail road Map of the United States— Section 14—1898.

TEXAS.

Railroad Map of the United States— Section 14— B.

NOW READY.

PRICE SO CENTS.

MONEY QUESTION

A HANDBOOK FOR THE TIMES

By HENRY V. POOR,

Author of " Money and its Laws," " Resumption and the Silver Question,'*

4 'Twenty -two Years of Protection," "Poor's Manual of the

Railroads of the United States," etc., etc.

Pp. vi-202. 8vo. Paper. Price 50 cents.

"What is Money?

Function of Governments in the Matter of

Metallic Money.

Metallic Money of the United States.
Symbolic Money — Banks of Issue*
Savings Banks.
Money fay Law.
Bank of the United States.
Overthrow of the Bank and the Inflation of

the Currency.
Change of Standards. Acts of J834 and 1837,

TABLE OF CONTENTS.

United States Notes.

United States Safety-Fund Banking System*

Gold Certificates.

Demonetization of the Silver Dollar. Act
of J873.

Remonetization of Silver.

Act of 1890.

Position of the Late Administration.

The Sound Money "Wing of the Democracy*

Debasement of the Silver Currency. Act of

J853.

Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency*

The Free Coinage Democracy.

Position of Present Administration.

Bi-metallism.

The Remedy.

NOTES AND ILLUSTRATIONS.

The Silver Recoinage in England.

Paper Money in France — The Mississippi Scheme.

Adam Smith.

PRICE 50 CENTS.

Sent postpaid to any address, on receipt of price

Published and for sale by

H. V. & H. W. POOR,

Publishers of " Poor's Manual of Railroads,"

44 Broad Street, New York City,

Or. may be ordered through any bookseller.

Railroad Map of the United States— Section 15— A.

American gank Note Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858. — REORGANIZED, 1879*

ENGRAVERS +. PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,

AND

ILLUMINATED SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tint*.

LITHOORAFHIC AND TYPE PRINTINQ.

SHOW CARDS, LABELS, CALENDARS.

Blank Books of Every Description.

TRUSTEES :

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,.

FELIX CAMPBELL.

COPYRIGHT 18981 BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 15—1898.

v \r ? D A

~T iHb HE

\ * 4

JHQ'D BY AMERICAN BANK NOTE CO. NEW YORK 37

UTAH, COLORADO, ARIZONA AND NEW MEXICO.

Railroad Map of the United States— Section 15— B.

Information and Investigation,

Conducted in connection with and as an adjunct to

Poor's Manual of Railroads,

WILL FURNISH UPON ORDER

Detailed information relative to new or projected Railroads,

Analyses of Railroad and other reports,

Statistics of Steam, Electric, Cable and Horse Railways,

Advance information relative to Railroad reports, etc. ; or will make

Full and comprehensive investigations into Railroad mortgages, bonds, leases of
other contracts.

In a word, we propose to furnish information of any character coming within the scope
of this Bureau, but not contained in or within the province of our three annual publica-
tions, viz.:

POOR'S MAM A I. OF RAILROADS,

POOR'S HAND-BOOK ON INVESTMENT SECURITIES,
POOR'S DIRECTORY OF RAILWAY OFFICIALS and
MANUAL OF AMERICAN STREET RAILWAYS.

Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.

Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to the-
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at anytime through official channels into the status of
new projects, and reports made thereon. Proceedings iu foreclosure or reorganization -will
be carefully followed, and all facts relating to such proceedings noted for reference.

It is believed that the establishment of this Bureau will prove of great benefit to the
subscribers for our annual publications, »s it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Bailroad Invest-
ments or projects, besides securing the privilege of access to our Library, wbich contains
all reports and documents issued during the past fialf century.

Annual subscribers to this Bureau may call for whatever information they desire
daring the period of their subscription. Terms upon application. Address

JOHN P. MEANY, Manager,

44 Bread Street. New York, N.Y*

Railroad Map of the United States— Section 16— A.

American J>ank ^ote ComPany»

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OK NEW YORK, 1858.— REORGANIZED, 1879.

ENGRAVERS * PRINTERS

OK

BONDS AND STOCK CERTIFICATES,

And all other documents requiring,-security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Better Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,

AND

ILLUMINATED SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYPE PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank Books of EXrery Description.

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 16—1898.

35 tongftirtfc WHt " from WM'IJ

MONTANA AND WYOMING.

Railroad Map of the United States— Section 16— B.

RESUMPTION

SILVER QUESTION;

EMBRACING

A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER

CUKRENCIES OF THE UNITED STATES AND

OTHER NATIONS.

By HENRY V. POOR.

(1878.)

Summary of the Contents.

PART I. — The distinction between the money of Banks and of Government.

PART II. — An examination of the Report of the late Conference between Mr. Secretary
Sherman and the Committee on Finance of the Senate, and the Committee
on Banking and Currency of the House of Representatives, of the United
States.

PART m. — A History of the Coinage of the United States; of the Act of 1873, de-
monetizing silver; and a sketch of the monetary systems of the great
commercial Nations, Great Britain, France, and Germany.

PART IV. — A History of Legal-Tender Currencies, embracing a History of the Legal-
Tender Currencies of the Mongols ; of the Continental Currency of the
United States ; of the Assignats of France, and of the present Legal-Tender
Currency of the United States.

PART V. — The Greenback Party.

PART VI. — How Resumption is to be Effected.

PRESS NOTICES.

Ifetv York Evening Foet.

We commend Mr. Poor's book, as it deserves, as a most convenient reference handbook concerning the
history of silver money in the United States, the monetary history of other countries, and other matters of a
similar nature, all of which are presented in compact and convenient shape, and fitted to the hand by an elaborate
analytical index.
Philadelphia Ledger.

A timely and valuable book, which cannot be too carefully studied, and every line of which is full of
warning and instruction.
New York Journal of Commerce.

A timely and valuable contribution to a subject now demanding the earnest attention of every thoughtful
citizen. It will help to clear away much of the fog in which the whole question of the currency is now enveloped.
It is in no sense partisan, and is addressed wholly to the reason and intelligence of the reader. It is indeed, a»
It Is called, "A Handbook for the Times."
Boston Journal.

This volume is pungent and full of information. It is very fresh and suggestive, and contains a large
amount of information which gives it value, and makes it stimulating and helpful in extending and directing
financial discussion.

1 Volume, 12mo, Cloth, pp. 250. Prioe, $1.00.

Sent free of postage, on receipt of price, by the publishers, and for sale by all booksellers.

1 1 & 1 1. POOR. PUOH«, 4W St., JfiW THt

Railroad Map of the United States— Section 17— A.

American J>ank Note (Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795. — INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858.— REORGANIZED, 1879.

ENGRAVERS ^ PRINTERS

OF

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And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
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ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES,

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

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WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
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TRUSTEES :

JAMES MACDONOUGH, PRESIDENT.

AUG. D. SHEPARD,— VICE-PRESIDENTS-TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN,

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 17—1898.

WASHINGTON, OREGON AND IDAHO.

Dy A

39 rTNG'D BY AMERICAN BANK NOTE CO.NEW YOR

Railroad Map of the United States— Section 17— B.

POOR'S BUREAU

OP

Information and Investigation,

Conducted in connection -with and as an adjunct to

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WILL FURNISH tPON ORDER

Detailed information relative to new or projected Railroads,

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Statistics of Steam, Electric, Cable and Horse Railways,

Advance information relative to Railroad reports, etc. ; or will make

Full and comprehensive investigations into Railroad mortgages, bonds, leases or
other contracts.

In a word, we propose to furnish information of any character coming within the scope
of this Bureau, but not contained in or within the province of our three annual publica-
tions, viz. :

POOR'S MANUAL, OF RAILROADS,

POOR'S II V \ I»-HOOK OX INVESTMENT SECURITIES,
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MANUAL OF AMERICAN STREET RAILWAYS.

Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.

Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to the
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at any time through official channels into the status of
new projects, and reports made thereon. Proceedings in foreclosure or reorganization will
be carefully followed, and all facts relating to such proceedings noted for reference.

It is believed that the establishment of this Bureau will prove of great benefit to the
subscribers for our annual publications, as it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Railroad Invest-
ments or projects, besides securing the privilege of access to our Library, which contains
all reports and documents issued during the past half century.

Annual subscribers to this Bureau may call for whatever information they desire
during the period of their subscription. Terms upon application. Address

JOHN P. MEANY, Manager,

4-4- Broad Street, New York, N. Y.

Railroad Map of the United States— Section 18— A.

Bank Note Company,

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858. — REORGANIZED, 1879,

ENGRAVERS ^ PRINTERS

OF

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And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamp*
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ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES,

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

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WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

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OF THE MOST APPROVED STYLES.
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TRUSTEKS:

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AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

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JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN.

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROAD MANUAL Co.

Railroad Map of the United States— Section 18—1898.

CALIFORNIA AND NEVADA.

.Railroad Map of the United States— Section 18— B.

NOW READY.

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MONEY QUESTION

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Pp. vi-202. 8vo. Paper. Price 50 cents.

What is Money?

TABLE OF CONTENTS.

United States Notes.

Function of Governments in the Matter of
Metallic Money.

Metallic Money of the United States*

Symbolic Money — Banks of Issue.

Savings Banks.

Money by Law.

Bank of the United States.

Overthrow of the Bank and the Inflation of
the Currency.

Change of Standards. Acts of 1834 and 1837.

Debasement of the Silver Currency. Act of
1653.

Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency,

United States Safety-Fund Banking System,
Gold Certificates.

Demonetization of the Silver Dollar. Act
of J873.

Remonetization of Silver.

Act of 1890.

Position of the Late Administration.

The Sound Money Wing of the Democracy.

The Free Coinage Democracy.

Position of Present Administration.

Bi-metallism.

The Remedy.
NOTES AND ILLUSTRATIONS.

The Silver Recoinage in England.

Paper Money in France — The Mississippi Scheme*

Adam Smith.

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Or, may be ordered through any bookseller.

Railroad Map of the United States— Section 19— A.

American Ban^ Note ComPany»

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NKW YORK, 1858. — REORGANIZED, 1879.

ENGRAVERS ? PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.

WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special papers manufactured exclusively for use

of the Company.

SAFETY COLORS. - - SAFETY PAPERS,

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,
ILLUMINATED^SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints..

LITHOGRAPHIC AND TYPE PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Blank: Bookrs of Ever;y Description.
TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS, S. STOUT, J. B. FORD, ROBERT N. TOPPAlt

FELIX CAMPBELL.

COPYRIGHT 1898, BY POOR'S RAILROATJ MANUAL Co.

Railroad Map of Canada (Eastern Section) — Section 19 — 1898.

Longitude Jf Wort 8* from V "? Greenwich

CANADA— Eastern Section.

DESIGNED AfID ENG'DBYTHE AMERICAN BANK NOTE CO. NEW, YORK

Railroad Map of the United States— Section- 19— B..

POOR'S BUREAU

OF

Information and Investigation,

Conducted in connection with and as an adjunct to

Poor's Manual of Railroads,

WILL FURNISH UPON ORDER

Detailed information relative to new or projected Railroads,

Analyses of Railroad and other reports,

Statistics of Steam, Electric, Cable and Horse Railways,

Advance information relative to Railroad reports, etc.; or will make

Full and comprehensive investigations into Railroad mortgages, bonds, leases or
other contracts.

In a word, we propose to furnish information of any character coming within the scope-
of this Bureau, but not contained in or within the province of our three annual publica-
tions, viz.:

POOR'S MANUAL, OF RAILROADS,

POOR'S HAND-BOOK ON INVESTMENT SECURITIES,
POOR'S DIRECTORY OF RAILWAY OFFICIALS and
MANUAL OF AMERICAN STREET RAILWAYS.

Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.

Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to th&
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at anytime through official channels into the status of
new projects, and reports made thereon. Proceedings in foreclosure or reorganization will!
be carefully followed, and all facts relating to such proceedings noted for reference.

It is believed that the establishment of this Bureau will prove of great benefit to the-
subscribers for our annual publications, as it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Railroad Invest-
ments or projects, besides securing the privilege of access to our Library, which contain*
all reports and documents issued during the past half century.

Annual subscribers to this Bureau may call for whatever information they desire
during the period of their subscription. Terms upon application. Address

JOHN P. MEANY, Manager,

44 Broad Street, New York, N. Y.

Railroad Map of the United States— Section 2O— A.

American Ban^ Note ComPany'

78 TO 86 TRINITY PLACE, NEW YORK.

BUSINESS FOUNDED, 1795.— INCORPORATED UNDER LAWS OF STATE OF NEW YORK, 1858.— REORGANIZED, 1879.

ENGRAVERS ^ PRINTERS

OF

BONDS AND STOCK CERTIFICATES,

And all other documents requiring security. Bank Notes, Bonds, Postage and Revenue Stamps
for Foreign Governments, Drafts, Checks, Bills of Exchange. Letter Heads, etc.

ENGRAVING AND PRINTING

EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE FROM STEEL PLATES.
WITH SPECIAL SAFEGUARDS TO PREVENT COUNTERFEITING.

Special- papers manufactured exclusively for use
of the Company.

SAFETY COLORS. - - SAFETY PAPERS.

WORK EXECUTED IN FIRE-PROOF BUILDINGS.

Railway Printing of all Descriptions

RAILWAY TICKETS, MAPS, FOLDERS,

AND

ILLUMINATED SHOW CARDS

OF THE MOST APPROVED STYLES.
NUMBERED, LOCAL AND COUPON TICKETS, of any Size, Pattern, Style, or Device with Steel Plate Tints.

LITHOGRAPHIC AND TYF»E PRINTING.

SHOW CARDS, LABELS, CALENDARS.

Bianlc Books of Every Description.

TRUSTEES:

JAMES MACDONOUGH, PRESIDENT.
AUG. D. SHEPARD,— VICE-PRESIDENTS— TOURO ROBERTSON,

THEO. H. FREELAND, SECRETARY AND TREASURER.

JNO. E. CURRIER, ASST. SECRETARY. J. K. MYERS, ASST. TREASURER.

P. C. LOUNSBURY, W. J. ARKELL, E. C. CONVERSE,

JOS. S. STOUT, J. B. FORD, ROBERT N. TOPPAN.

FELIX CAMPBELL.

COPYRIGHT i8c8, BY POOR'S RAILROAD MANUAL Co.

Railroad Map oi Canada (Western Section)— Section 2O— 1898.

CANADA— Western Section.

Railroad Map of the United States— Section 2O— B.

THE

NEW YORK
STOCK EXCHANGE

i
ACCEPTS WORK

OF THE

International

Bank-Note Co.

1 8 BROADWAY,

NEW YORK CITY,

U.S.A.

1898.

NEW ENGLAND GROUP— States of Maine, New Hampshire,
Vermont, Massachusetts, Rhode Island and Connecticut.

gW Railroads associated with others, forming Systems, or those reporting for the calendar year, if not in
alphabetical order following, may be. found by referring to the GENERAL INDEX.

BANGOR AND AROOSTOOK RAILROAD COMPANY. *$3~

<*~zr/G/o

(For map of this road, see page 2.)

Main Line of Road. — Brown ville, Me., to Caribou, Me 154.69 miles.

Fort F 'airfield Branch : Port Fairfield Junction to Fort Fairfield, Me.13.31 m.

Asliland Branch : Ashland Junction to Ashland, Me 43.35 m. — 56.66 "

T •, ( Bangor and Piscataquis RR. : Oldtown to Greenville, Me . . 76.50 m.

: { Bangor and Katahdin Iron W. By. (see statement on p. 8).18.90 m.— 95.40 "

Total length of lines operated, year ending June 30, 1897 306.75 miles.

Spurs (owned, 7.50 m. ; leased, 1.22 m.), 8.72 miles. Sidings (owned, 27.62 m. ; leased, 14.03
m.), 41.65 miles. Total track (owned, 246.47 m. ; leased, 110.65 m.), 357.12 miles. Gauge,
4ft. 8iin. Rail— iron (owned, 27.62 m. ; leased, 26.50 m.; total, 54.12 m.), 56 Ibs. ; steel
(owned, 218.85 m. ; leased, 84.15.rn. ; total, 303 m.), 70 Ibs.

History. — Organized Feb. 13, 1891 ; main line opened from Brownville to Houlton, 93.90
m., Jan. 1, 1894 ; and extension to Caribou, 60.79 m., Jan. 1, 1895 ; the Fort Fairfield branch
Jan. 1, 1895 ; and the Ashland braneh Jan. 1, 1896. The line from Oldtown to Greenville
(B. & P. RR.) has been rebuilt and made part of the main line.

Terms of Leases. — The Bangor and Piscataquis RR. and the Bangor and Katahdin Iron Works Ry. are
leased for 999 years from April 1, 1892. Rental, for year ending March 31, 1896 (fourth year of lease), and
thereafter, $73,850, being interest at 6 p. c. on $600,000 Bangor City Loan, at 7 p. c. on $325,000 Bangor City
loan, and at 5 p. c. on $300,000 Greenville extension bonds, together with $100 for organization expenses.
Additional rental of B. & K. Iron Works Ry. $10,100 per annum, of which $100 is for maintaining organization.
On Nov. 27, 1897, the B. & A. RR. Co. leased the Aroostook Northern RR., Caribou to Limestone, 15.9 miles,
for 999 years, at an annual rental of 5 p. c. on its bonded indebtedness of $225,000.

Rolling Stock, June 30, 1897.— Locomotives (owned, 28 ; leased, 4), 32. Cars— pas-
senger, 17; baggage, etc., 18 ; freight (box, 478; stock, 20 ; flat, 783), 1,281 ; caboose, 15 ;
others, 61— total, 1,392. Of the cars, 425 box, 20 stock, 758 flat and 15 caboose cars are held
under car trust. Only 30 of the locomotives are in service. Since the close of the fiscal year,
the four "leased " locomotives have Ijeen paid for by the company.

Operations, year ending June 30, 1897. — Train mileage — passenger, 411,961 ; freight,
379,864; other, 210,665— total, 1,002,490 miles. Passengers carried, 220,213; carried one
mile, 8,806,243 ; average mile rate, 2.44 cents. Tons freight moved, 341,725 ; moved one
mile, 33,222,280 ; average ton-mile rate, 1.52 cents.

EARNINGS. 1896-97 1895-96

Passenger... $215,19994 $294,08652

Freight 509,227 89 452,195 05

Mail and Express 22,97130 22,06001

Miscellaneous 7,381 53 1,325 92

Total $754,780 66 $699,661 50

Total per mile 2,46057 2,45495

EXPENSES. 1896-97 1895-96

Conducting Transportation. . . .$249,766 71 $235,076 97

Maintenance of Equipment.... 50,62957 49,40958

Maintenance Way and Bldgs . . 129,812 00 130,197 95

General 30,906 28 27,873 26

Total. ...$461,11456 $441,95776

Total permile 1,50322 1,55073

MAP OF THE

BANGOR & AROOSTOOK

RAILROAD AND CONNECTIONS.

POOR S MANUAL — BANGOR AND AROOSTOOK RR. CO. B

Net earnings, 1896-97 (38.91 p. c.), $293,666.10. Payments: Interest on bonds, $185,-
350.43 ; on debt, $3,305.34 ; rentals leased lines (B. & P. RR., $58,850 ; B. & P. RR. coup.,
$15,COO; B. & K. I. W. Ry., $4,100; B. & K. I. W. Ry. coup., $6,000), $83,950; taxes,
$2,102,53 — total, $274,708.30. Surplus, $18,957.80; surplus forward, $20,789.10— total,
$39,746,90.

General Balance Sheet, June 30, 1897.

Cost of Road $5,779,492 65

Cost of Rolling Stock 330,189 92

Materials and Fuel on Hand 59,249 35

Other Property and Assets 175,262 04

Due on Capital Stock 9,500 00

Current Accounts 116,573 10

Cash on Hand 114,066 14

Total Assets $6,584,333 20

Common Stock Paid in (shares, $100) $1,050,000 00

Preferred Stock Paid in (shares, $100) 1,061,723 64

Funded Debt Outstanding (see below) 3,527,000 00

Equipt. Trust Obligation (see below) 380,000 00

Bills Payable ($210,067.20), Accounts, etc.. 263,912 66

Coupons, due July 1, 1897 107,037 50

Aroostook Construction Co 155,912 50

Profit and Loss 39,746 90

Total Liabilities $6,584,333 20

Capital stock authorized— common, $1,050,000; preferred, $1,328,000. Preferred stock is entitled to 5
p. c. non-cumulative dividends. None of the preferred stock has right to vote, excepting $613,000 issued to
Aroostook County, which may vote only on question of sale or lease.

Funded debt outstanding June 30, 1897, consisted of :

1st mtge. 5 p. c. 50-yr. $1,000 gold bonds, due Jan. 1, 1943, interest Jan. and July $3,360,000

2d mtge. 5 p. c. 50-yr. $1,000 gold bonds, due July 1, 1945, interest Jan. and July 167,000

The 1st mtge. 'bonds are authorized at the rate of $16,000 per mile of completed road. Trustee: Guaranty
Trust Co., New York, N. Y., at whose office interest is payable.

The issue of 2ds is limited to $5,000 per mile. The whole amount ($1,050,000) is outstanding, but only
$167,000 have been sold, the remaining bonds being held by the trustees of the Aroostook Construction Co.,
trustees, as collateral for obligations of that company received in building the road. The Construction Co.
can sell only sufficient bonds to pay the excess of cost of road over the amount of 1st mtge. bonds and the
amount realized from preferred stock subscriptions. This amount will probably not^exceed $400,000. Trustee:
United States Mortgage and Trust Co., New York, N. Y., at whose office interest is payable.

The equipment trust obligation consists of one car trust, dated Oct. 1, 1896; original amount $400,-
000, running ten years, $20,000 payable semi-annually (April and Oct.), beginning April 1, 1897, coupons (6
p. c. per annum) payable same dates; principal and interest payable at the office of thr> trustee, Guaranty
Trust Co., New York, N. Y. The equipment covered by the car trust is as follows: 7ti8 flat, 425 box, 20
stock and 15 caboose cars.

The original Car Trust was the obligation of the Aroostook Construction Company to pay $180,113.64, of
which amount they paid $45,028.41, to the time of forming the new car trust. The balance of $135,085.23 they
are to pay in monthly amounts of $2,144.21 (the amount of each note in the first car trust) to the company,
which in turn pays $20,000 ard the interest on the remaining principal on Oct. 1st and April 1st, for 10
years from Oct. 1. 1896.

RAILROADS LEASED BY THE BANGOB AND AROOSTOOK RR. Co.

Aroostook Northern RR.— Caribou to Lime-
stone, Me., 15.90 miles. Rail (steel). 56 Ibs. Char-
tered July, 1887; opened Dec. 1, 1897. Leased for
999 years from Nov. 27, 1897, to the Bangor and
Aroostook RR. Co. at an anual rental equal to Inter-
est on bonds. Capital stock, $100,000; funded debt
(5 p. c. 50-yr. gold bonds, due Oct. 1, 1947, Interest
April and Oct. at the Guaranty Trust Co.'s office,
New York N. Y.). $225,000— total, $325,000. Contra:
Cost of road and equipment, $325,000. A. A. Bur-
lelgh, Pres. ; Preston N. Burleigh, Treas.; Parker P.
Burleigh, Sec., Houlton, Me. Corporate Office,
Houlton, Me.

IJminor and IMseataquis RR.— Oldtown to
Greenville, Me., 7.6.50 m.; sidings, etc., 4.8 miles.
Rails (steel, 72 m.), 56 and 70 Ibs. Chartered March
5, 1861; opened to Greenville July 14, 1884. On April
1, 1892, this road and its leased line, the Bangor and
Katahdin Iron Works Ry., were leased for 999 years
to the Bangor and Aroostook RR. Co. on terms given
in the statement for that company. Financial State-
ment.—Capital Stock, $356,990; funded debt, $1.225,-
000— total stock and bonds. $1,581,900. Cost of road,
$1,601,690; equipment, $110,200— total, $1,711,890.

The funded debt consists of $600,000 Bangor City
loan 6 p. c. 30-yr. $1,000 coup, bonds, due April 1,
1899, interest April and Oct.; $325,000 7 p. c. ditto;
and $300,000 Greenville Extension 5 p. c. 30-yr. $500
and $1,000 coup, bonds, due April 2, 1913, interest
April 2 and Oct. 2. Trustees of bonds: 1st mtge.,
the City of Bangor; preferred mtge. (Greenville Ex-
tension), Edward B. Nealley and Philo A. Strickland.
E. B. Nealley, Pres.; H. W. Blood, Clerk & Treas.,
Bangor, Me. Corporate Office, Bangor, Me.

Banffor and Katahdin Iron Works Ry.
— Milo Junct. to Katahdin Iron Works, Me., 18.9 m.;
sidings, 1.5 miles. Rail, 56 and 60 Ibs. Chartered
in Aug., 1881; opened in 1882. Leased for 999 years,
from July 1, 1887, to the Bangor and Piscataquis RR.
Co.; and on April 1, 1892, was leased in conjunction
with B. & P. RR. to the Bangor and Aroostook RR.
Co.; annual rental, $10,000, and $100 for organization
expenses. Capital stock, $120,000; funded debt (1st
mtge. 6 p. c. 20-yr. bonds, due July 1, 1901, interest
Jan. and July, at the First National Bank, Bangor,
Me.), $100,000— total, $220,000. Cost of property,
$335,139. Chas. F. Woodard, Pres.; Henry McLaugh-
lin, Treas., Bangor, Me. Corporate Office, Bangor, Me.

Board of Directors, Banyor and Aroostook RR. Co., elected Oct. 19, 1897.

A. A. Burleigh Houlton, Me.

F. W . Cram Bangor, Me.

B. B. Thatcher '• "

Wm. P. Allen .

C.A.Gibson Bangor, Me.

H. P. Oliver "

Edward Stetson . . .

F. H. Appleton Bangor, Me.

George I)unn Honlton, Me.

E. L. Houerhton..Fort Fairfield, Me.
.Caribou, Me.

A. A. BURLEIGH, President Houlton, Me.

F. W. Cram, Vice-President and General Manager Bangor, Me.

Treasurer— Edward Stetson Bangor, Me. | Secretary— F. H. Appleton Bangor, Me.

PRINCIPAL OFFICE AND ADDRESS Bangor, Me.

4 POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.

BENNINGTON AND RUTLAND RAILWAY COMPANY.

Main Line of Road.— Rutland, Vt., to Bennington, Vt 57.06 m.

No. Bennington Br.: North Ben'ton to White Creek (State Line), N.T. 1.85 m.— 58.91 miles.
Sidings, 5.25 miles. Gauge, 4 ft. 8* in. Rail— steel (58.91 m.), 60 Ibs.; iron, 56 Ibs.

History. — Organized in Aug., 1877, and on Sept. 10, 1877, took over the Western RR. of
Vermont, which was sold under foreclosure. (See MANUAL for 1888, page 4.)

Rolling1 Stock, June 30, 1897. — Locomotives, 11. Cars — passenger, 10; baggage, etc.,
6 ; freight (box, 58 ; flat, 115 ; stock, 5), 178 ; caboose, 4 ; other, 1— total cars, 199.

Operations, year ending June 30, 1897. — Train mileage — passenger, 206,922 ; freight,
88,618 ; other, 41,070— total, 336,610 miles. Passengers carried, 232,893 ; carried one mile,
3,790,474 ; average mile rate, 2.76 cents. Tons freight moved, 150,264 ; moved one mile,
5,386,131 ; average ton-mile rate, 1.76 cents.

EARNINGS. 1896-97 1895-96

Passenger $104,655 94 8109,069 70

Freight.. 94,92211 113,04098

Mail and Express 17,49321 17,77327

Miscellaneous 856 66 1,129 15

Total $217,927 92 $241,013 10

Total per mile 3,69933 4,09121

EXPENSES. 1896-97 1895-96

Conducting Transportation $92,751 53 $83,514 31

Maintenance of Equipment 28,534 61 29,594 59

Maintenance Way and Buildings. 52,76306 43,16543

General 7,61854 6,54615

Total $181,667 74 $160,820 48

Total per mile 3,08382 2,76387

Net earnings 1896-97 (16.63 p. c.), $36,260.18. Payments : .Interest on bonds, $33,250;
taxes, $5,498.20— total, $38,748.20. Deficit, $2,488.02; surplus forward, $31,586.76— net
surplus ($29,098.74, plus special account not yet closed, $554.19), $29,652.93.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $1,000,000 ; funded
debt (1st mtge. 7 p. c. 20-yr. $1,000 coup, bonds, due Nov. 1. 1897, int. May and Nov. at office
of the trustee, Union Trust Co., New York, N. Y.), $475,000 ; current accounts, $25,193.32 ;
profit and loss, $29,652.93— total, $1,529,846.25. Contra: Cost of road, equipment, etc.,
$1,475,000 ; materials and fuel, $6,555.66 ; cash on hand, $42,089.52 ; current accounts,
$6,201.07— total, $1,529,846.25. The 1st mtge. 7 p. c. bonds were retired at maturity by
means of $500,000 1st mtge. 4£ p. c. 30-yr. $1,000 gold coup, bonds, due Nov. 1, 1927,
interest payable May 1 and Nov. 1, at the office of the trustee, New York Security and Trust
Co., 46 Wall St., New York, N. Y.

Directors (elected July 6, 1897).— J. G. McCallough, T. L. Park, North Bennington, Vt.;
F. B. Jennings, New York, N. Y. ; W. S. Webb, Shelburne, Vt.; E. D. Bennett, Benning-
ton, Vt.

J. G. McCuLLOTJGH, President North Bennington, Vt.

F. B. Jennings, Vice- President New York, N. Y.

Treaturer— 8. B. Hall N. Bennington, Vt. I Secretary— G. W. Harman Bennington, Vt.

Otn. Supt.—E. D. Bennett Bennington, Yt. | Auditor— W. G. Shaw ..N. Bennington, Vt.

PBINCIPAL OFFICE AND ADDRESS North Bennington, Vt.

BOSTON AND ALBANY RAILROAD COMPANY.

Main Line of Road. — Boston, Mass., to Albany, N. Y 201.65 miles.

Athol Branch : Springfield to Athol, Mass 45.26 m.

Qrand Junction Branch : Cottage Farm to East Boston, Mass 9.45 m.

Newton Lower Falls Branch : Riverside to Newton Lower Falls 1.09 m.

Newton Highlands Branch : Beacon St., Boston, to Riverside Junction 9.89 m.

Saxonville Branch : Natick to Saxon vi lie, Mass 3.70 m.

Milford Branch : South Framingham to Milford, Mass 12.00 m.

Millbury Branch : Millbury Junction to Millbury, Mass 3.00 m.

Spencer Branch : South Spencer Station to Spencer, Mass 2.18 m.

Chatham and Hudson Branch : Chatham, N. Y., to Hudson, N. Y.. .17.33 m. — 103.90 "
- f North Brookfield MR.: E. Brookfield to N. Brookfield, Mass. ... 4.00 m.
| I Pittsfield and North Adams RR. : Pittsfl eld to North Adams, Mass. 18. 55 m.

a I Ware River RR.: Palmer to Winchendon, Mass 49.35 m.

A [ Prov. , Webster and Springfield RR. : Webster to Auburn Sta, ,Mass.ll. 23 m.— 83. 13 "

Total mileage owned (305.55 m.) and leased (83.13 m.), June 30, 1897 388.68 miles.

POORS MANUAL — BOSTON AND ALBANY RR. CO.

2d track, 217.65 m. ; 3d and 4th tracks, 33.64 m. ; sidings, etc. (owned, 244.77 m.; leased,
18.34 m.), 263.11 miles. Total track owned (steel, 768.38m.; iron, 33.23 m.), 801.61 miles.
Gauge, 4 ft. 8* in. Rail, 65 to 95 Ibs.

History. — Consolidation (Dec. 28, 1870) of the Boston and Worcester, the Western, the
Albany and West Stockbridge, and the Hudson and Boston RR. Cos. (See MANUAL for 1885.)

Boston Terminal Co. — The Legislature of Massachusetts of 1896 passed an act incorporating the Boston
Terminal Co. This act was the result of an agreement between the Mayor of Boston, the New York, New
Haven and Hartford RR. Co., the New England RR. Co., the Boston and Providence RR. Corporation, the
Old Colony RR. Co., and the Boston and Albany RR. Co., whose stations are located in the southerly part of
the city. The Boston Terminal Co. was organized under this act, and immediately proceeded to acquire land
for a union station on Summer Street, and for railroad connections therewith. The Boston and Albany RR.
Co. has taken and paid for one-fifth of the capital stock of the Terminal Co., at a cost of $100,000.

Rolling Stock, Juue 30, 1897. — Locomotives, 242. Cars — passenger, 247 ; combination,
45 ; baggage, etc., 60 ; parlor, 8 ; dining, 3 ; sleeping, 3 ; directors' and pay, 5 ; freight (box,
3,434; stock, 29 ; coal, 1,528 ; flat, 802), 5,793 ; caboose, 80; other, 449— total cars, 6,693.
The company also owns 19.36 p. c. of 4 buffet cars " Chicago Line."

Operations, year ending June 30, 1897. — See eight-rear tabulated statement on p. 6.

Burnings— Passenger $3,814,025 07

Freight 4,124,320 43

Mail 295,88448

Express 277,26812

Miscellaneous 603,12633

Expenses— Conducting Transportation $3,267,112 07

Maintenance of Equipment 621,116 49

Maintenance Way and Bldgs . . . 1,902,610 89

General 158,952 44

Taxes 708,283 53

Total ($23,450.20 per mile) $9,114,625 03 Total ($17,129.96 per mile.) $6,658,075 42

Net earnings (26.95 p. c.), $2,456.549.61. Payments and charges against net income :
Interest, $253,485 ; interest accrued, not due, $84,495 ; dividends (Sept. and Dec. 1896 and
March and June 1897, 2 p. c. each), $2,000,000 ; rentals (Pittsfield and North Adams RR.;
$22,500; Ware River RR., $52,500 ; North Brookfield RR., $3,000), $78,000— total, $2,415,-
980. Surplus, $40,569.61 ; surplus forward, $204,836.31— total, $245,405.92.
General Balance Sheet, June 30, 1897.

Road and Eqnip. (See MANUAiTfor 1886). $27,514,116 50

Hudson River Bridges...'. 475,485 00

Materials 422,375 94

Real Estate 1,452,57190

Ledger Balances due from Corporations. . 365,163 82

CashonHand 962,21158

Trustees' Improvement Fund 2,378,000 03

Springfield and Northeastern RR 438,358 28

Newton Highlands Branch 411,400 00

Riverside Branch 231,865 76

Spencer Railroad 67,917 25

Improvements at Springfield „ 581,785 08

Third and Fourth Tracks 200,000 00

Special Equipment 627,000 00

Balances due from Other Companies 389,802 46

Total Assets $36,518,003^60

Capital Stock (shares, $100) $25,000,000 00

Funded Debt (see below) 7,485,000 00

Dividends and Interest Unclaimed 4.217 00

Dividend 93, due July 1, 1897 500,000 00

Div. 40 (P. <fc N. A. RR.), July 1, 1897 11,250 00

Div. 46 (Ware River RR.), July 1, 1897. . . . 26,250 00

Accrued Interest and Rentals 85,995 00

Credit Balances 781,8^565

Improvement Fund 1,921,91411

Ware River Sinking Fund 156,085 92

Profit and Loss 245,405 92

Separation of Grade Crossings 300,000 00

Total Liabilities $36,518,003 60

Under an act of the Legislature of Massachusetts, passed in 1889, the company was authorized to issue
$10,000,000 additional stock, $7,000,000 being for the retirement of an equal amount in bonds maturing in
1892 and 1895, and the remaining $3,000,000 for improvements. On Jan. 5, 1892, $5,000,000 of this new stock
was issued to retire 7 p. c. bonds which matured Feb. 1, 1892.

Statement showing all dividends paid by this company since its organization :

Date.

p.c

5
5
5
5
5
5
5
5
b
5
5
5
5
5
5
5

Date.

p.c.

5
4
4

4
4
4
4
4
4
4
2
2
2
2
2
2

Date.

p.c.

Date.

p.C.

Date.

p.c.

]

1894
1895
1896
1897

Date.

Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 3,

p.c.

1868
1869
1870
1871
1872
1873
1874
1875

Jan.
July
Jan.
July
Jan.
July
Jan.
July
May 15
Nov. 15
May 15
Nov. 15
May 15
Nov. 15
May 15
Nov. 15

1876
1877
1878
1879
1880
1881

1882

May 15
Nov. 15
May 15
Nov. 15
May 15
NOT. 15
May 15
Nov. 15
May 15
Nov. 15
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30

1882
1883

1884
1885
1886

Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31

2
2
2
8

2
'2
*10
2
2
3
2
2
2
2
2
2

1886
1887
1888
1889

June 30
Sept. 30
Dec. 31

2
2
2

1*

2
8
2
2
2
9
2
2
2
2
2

1890
1891
1892
1893

Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31

2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2

2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2

Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31

Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31

* Stock dividends.

POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.

Statement of operations, capital accounts, etc., for eight fiscal years, ending June 30 :

1890

1891

1892

1893

1894

1895.

1896

1897

Miles of Railroad Operated.
Miles of Railroad Owned. . .
Milts of Track Owned
Miles of Steel Rail Owned..
Locomotives

388.73
305.89
762.29
727.75
240
273
53
6,716
2,565,133
2,346,960
4,912,093

388.73
305.60
765.92
753.04
232
284
56
6,598
2,811,501
2,308,550
5,120,051
6,^17,737
11,688,069
118,071
211,852,182
3,913,873
152,546
759,307
401-099271
S
3,883,452
4,373,988
958,782

388.73
305.60
772.61
790.04
240
301
55
6,342
2.909,074
2,557.276
5,466,350
6,640,963
12,095,467
114,675
217-796,211
4,256,575
147,561
916,078
446,622,991

4,082,019
4,911,004
870,293

388.73
305.60
780.80
714.97
243
303
56
6,615
3,172,753
2,709.937
5,882,690
7,165,914
12,747,833
114,612
229,115-445
4,514,055
166,798
985,876
485,415,100

4,234,029

4,888,350
1,047,496

388.68
- 305.55
793.30
739.62
246
306
56
7,250
3,083,332
2,515,945
5,599,277
6,866,605
12,152,100
110.072
215,444,817
3,900,772
123,925
927,373
428,596,758

s

3,902,725
4,046,900
1,240,652

388.68
305.55
797.65
752.31
240
306
56
6,880
3,025.264
2,363.398
5,388,662
6,613.186
12,151,670
96,867
212.832.031
3,994,340
137,156
837,835
427,085-496

3,809,355
4,135,406
1,185,106

388.68
305.55
801.47
761.34
242
310
60
6,714
3,113,593
2,317,966
5,431,559
6,897.773
12,788,327
123,072
231,29?,428
4,122.412
133,695
854.947
438,975.620
$
4,100,815
4,134,198
1,115,617

388.68
305.55
801.61
768.38
242
306
60
6,327
3,068,818
2,43ti,69r
5,505.510
7,094,276
11,396,337
107,418
214,657,463
4,130,855
113,351
925,974
449,059,417

S
3,814,025
4,124,320
1,176,280

Passenger Cars

Baggage, Mail, etc.. Cars...
Freight and Other Cars
Rev. Pass. Train Miles..,..
Rer. Freight Train Miles.. .
Total Rev. Train Mileage. . .
Total Engine Mileage

Passengers Carried

11,295,637
100,714

201,128,880
3,883,115
136,856
818,039
402,241,138
$
3,768,860
4,446,586
935,628

Passengers Through

Passenger Miles

Freight (tons) Moved

FreightThroughjStBkl
Freight (ton) Miles

Passenger Earnings

Freight Earnings ....

Miscellaneous Earnings —

Gross Transp'n Earnings . . .
Orosi Expenses

9,151,069

6,276,778

9,216,222

6,807,751

9,863,316
7,403,183

10,169,875
7,750,089

9,190,277
6,720,288

9,130,867
6,579,361

9,350,632
6,911,865

9,114,625
6,658,075

Net Earnings

2,874,291

78.000
662,900

(•) 1,800,000

533,391

23,46548
16,095 13
7,370 35
68. 59 p. c.
1.86 c.
1.14c.

20,000,000

10,858,000
402,758
37,500

2,408,471

78,000
662,900

(«) 1,900,000

67,571

23,708 54
17,512 80
6,195 74
73. 87 p. c.
1.83c.
1.16 C.
$
20,527,320
10,858,000
401,809
37,500

2,460,133

78,000
517,066

(8) 1,800.000

65,067

25,373 18

19,04454
6,32864
75.06 p. c.
1.87C.
1.09 c.
$
25,000,000
5,875,000
562,976
37,500

2,419,786

78,000
312,900

(•) 1,000,000

28,886

21,161 79
19,936 95
6,22484
76.21 p. c.
1.85 c.
1.01 C.

25,000,000
5,861.000
563,705
87,500

2,469,989

78,000
381,410

(8 1,000,000

10,579

23,644 84
17,29003
6,35481
73. 12 p. c.
1.81 c.
0.94 c.
$
25,000,000
9,475,000
561,738
37,500
480,500
85,995
323,117
1,614,138
132,850
127,208

2,551,506

78,000
453.150

(8) 8.000,000

20,358

23,491 99
16,927 45
6,564 54
72. 06 p. c.
1.79C.
0.97 c.
$

25,000,000
7,531,000
504,129
37,500
197,500
85,995
488,767
1,822,040
139,330

2,438,767

78,000
837,980

(8) e.000,000
22,787

24,057 40
17,782 92
6,274 48
73. 92 p. C.
1.77 C.
0.94 c.

25,000,000
7,485,000
510,483
37,500

2,456,550

78,000
337,980

(8) 2,000,000

40,570

23,450.20
17,129.96
6,320.24
73. 05 p. c.
1.77c.
0.92 c.
$
25.000,000
7,485,000
504,217
37,500

Le fcse Rentals

Interest

Dividends

Surplus

Gross Earnings per Mile. . .
Gross Expense* per Mile. . .
Net Earmngsper Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .

Capital Stock

Funded Debt

Unclaimed Int. & Dividends
Dividends and Leases

Notes Payable . .

Accrued Interest & Rentals
Credit Balances .

195,558
267,455
1,180,106
79,008

195,558
259,201
1,278,010
84,689

49,725
96,996
1,403,528
90,304

49,725
812,382
1,477,884
130,958

85,995
630,650
1,879,864
146,915

85,995
781,886
1,921,914
156,086

Improvement Fund

Ware River Sinking Fund. .
Premium Account

Profit and Loss

32,597

100,168

122,229

151,115

161,t394

102,049

204,836
300,000

245,406
300,000

Separ'n Grade Crossings

Total Liabilities
Construction

33,052,976

24,368,716
3,145,400
475,485
325,063
167,154
365,164
993,987
1,559,109
438,358
643.266
67,917
503,357

33,742,255

24,368,716
3,145,400
475,485
466,566
488,039
365,164
1,038,910
1,662,699
438,358
643.266
67,917
581,735

33,238,258

24,368,716
3,145.400
475,485
301,477
207,103
365,164
849,804
1,793,833
438.358
643.266
67,917
581,735

34,084,269

24,368,716
3,145,400
475,485
320,252
280,168
365,164
773,187
1,908,842
438,358
643,266
67,917
581,735

37,999,740

24,368,716
3,145,400
475,485
544,010
1,078,089
365,164
3,030,207
2,046,989
438,358
643,266
67,917
581,735
200,000
637,000
387,404

35,988,310

24,368,716
3,145,400
475,485
411,841
1,128,296
365,164
884,690
2,261,370
438,358
643,266
67,917
581,735
200,000
627,000
389,072

36,280,743

24,368,716
3,145.400
475,485
330,800
1,347.713
365,164
846,786
2.326,279
438.358
643,266
67,917
581,735
200,000
627.000
516,123

36,518,004

24,368,716
3,145,400
475,485
422,375
1,452,572
365,164
962,211
2.378,000
438,358
643,266
67,917
581,735
200,000
627,000
389,802

Equipment

Hudson River Bridges
Materials ..... ....

Real Estate and Investm'ts.
Ledger Balances

Cash and Bills Receivable..
Trustees' Improvem't Fund
Springfield & N. East RR. .
Branch Lines . .

Spencer RR

Improveme'ts at Springfield
Third and Fourth Tracks . .

Special Equipment . .

Balance due from Other Cos.
Total Assets

715,778

33,052,976

33,742,255

33.238,258

34,084,269

37,999,740

35,988,310

36,280,743

36,518,004

Funded debt consisted, June 30, 1897, of $3,858,000 5 p. c. bonds, payable April 1, 1902,
interest April and Oct. at Boston, Mass.; and $3,627,000 4 p. c. bonds, payable Oct. 1, 1913,
interest April and Oct., at Boston, Mass. — total, $7,485,000.

The 5 p. c. bonds were issued in 1882 at the rate of $160 per share for $2,411,500 of stock held by the
State of Massachusetts. On Sept. 27, 1883, 17,588i of the shares so purchased were issued to stockholders in
the proportion of one share for every ten owned, and on Sept. 23, 1886, the remaining shares were divided ii)
the proportion of one share for thirty.

POOR'S MANUAL OF RAILROADS.

At the annual meeting, Sept. 27, 1893, the directors were authorized to issue $5,000,000 4 p. c. bonds,
$2,000,'000 to retire an equal amount of 6 p. c. bonds of 1895, and the remaining $3,000,000 for improvements,
<etc. Up to the close of the fiscal year, $3,627,000 of these bonds had been issued.

Interest and dividends, including dividends paid as rental for the Pittsfield and North
Adams and the Ware River RRs., are payable at the office of the company in Boston.

RAILKOADS OWNED OB LEASED BY THE BOSTON AND ALBANY RE. Co.

\orth Brooklieltl RR.— East Brookfield to
North BrookfleW, 4 m.; total track, 5.37 miles. Char-
tered In March, 1875; road opened Jan. 1, 18T6.
Leased Feb. 6, 1885, for 50 years, to the B. & A.
RR. Co., at an annual rental of $3,000, which is ap-
plied to tie payment of an annual dividend of 3 p. c.
on the company's capital stock. Capital stock, $100,-
COO. Cost of road, etc., $105,457. Dividends, 3 p. c.,
are paid Feb. 15, at North Brookfield, Mass. Theo.
C. Bates, Pres,; John B. Dewing, Treas.; Geo. R.
Hamant, Sec., North Brookfield. Mass. Corporate
Office, North Brookfield, Mass.

Pittsfleld and Nortli Adams RR.— Pitts-
field to North Adams, 18.55 m.; total track, 25.63
miles. Rail <steel. 25.63 m.), 65 and 72 Ibs. Char-
tered March 18, 1845; road opened Dec. 1, 1846.
Leased to the B. & A. RR. Co. for 99 years from Jan.
30, 1876, at 5 p. c. on cost, which is applied to pay-
ment of semi-annual dividends (Jan. and July) of 2J
p. c. each. Capital stock, $450,000, representing cost
of property. James A. Rumrill, Pres., Springfield,
Mass.; C. E. Stevens, Treas.; A, C. Ferry, Clerk,
Boston, Mass. Corporate Office, Boston, Mass.

Providence, Webster and. Springfield
RR.— Webster, Mass., to Auburn Station (B. & A.
RR.), Mass., 11.23 m.; sidings, 3.32 miles. Rail
Csteel), 56 Ibs. Chartered March 23, 1882; road

opened in June, 1884. Leased Jan. 1&, 1884, to the
B. <& A. RR. Co. for a period of ll years. This lea«e
expired Jan. 19, 1885, and pending arrangements for
a new lease, the road is being operated under the
terms of the old contract. Income, year ending, June
30, 1897, $6,722. Expenses and taxes, $842. Net in-
come, $5.880. Paid interest, $4,757. Surplus, $1,123.
Financial Statement, June 30, 1897.— Capital stock,
$160,000; unfunded debt, $79,551; profit and loss, $5,-
627— total, $245,177. Contra: Cost of road, $243,361;
other assets, $1,816— total, $245,177. H. N. Slater,
Pfe*. & Treas.; Charles Gerber, Clerk, Webster,
Mass. Corporate Office, Webster, Mass.

"Ware River RR.— Palmer, Mass., to Wlnchen-
don, Mass., 49.35 m.; sidings, 6.54 miles. Gauge,
4 ft. 8i in. Rail (steel, 54.38 m.), 63 to 72 Ibs. Char-
tered June 12, 1873. Leased to the B. & A. RR. Co.
for 999 years, from Jan. 5, 1874, at an annual rental
of 7 p. c. on capital stock. Dividends (3} p. c. each)
payable Jan. and July, at Boston, Mass. Financial
Statement, June 30, 1897.— Capital stock (authorized,
$1,000,000), $750,000; unfunded debt, $365,164— total,
representing cost of road and equipment, $1,115,164.
J. A. Rumrill, Pres., Springfield, Mass.; C. E.
Stevens, Treas.; E. W, Long, Clerk, Boston, Mass.
Corporate 08te«, Boston, Mass.

Board of Directors, Boston and Albany £R. Cb., elected Sept. 22, 1897.

William Bliss Boston, Mass.

John Cummings Woburn, Mass.

Zenas Crane Dalton, Mass.

Edward L. Davis. .Worcester, Mass.

ChaunceyM. Depew.New York, N. Y.
Edward H. Gillett.. .Westfleld, Mass.
Edward D. Hayden.. .Woburn, Mass.
Samuel Hoar Concord, Mass.

Jacob C. Rogers — Peabody, Mass.
James A. Rumriil. Springfield, Mass.
Charles Sargent. . .Brookline, Mass.
Stephen Salisbury. Worcester, Mass.

Albert C. Houghton No. Adams, Mass.

WILLIAM BLISS, President '. Boston, Mass.

Edward D. Hayden, Vice -President and Secretary "

Oen. Counsel — Samuel Hoar Boston, Mass.

Trfasurei — C.E.Stevens " "

Gen. Manager— Walter H. Barnes Boston, Mas*.

Auditor — Myron E. Barber "

PBTNCIPAL OFFICE AND ADDRESS Kneeland St., Boston, Mass.

FITCHBURG RAILROAD COMPANY.

{Boston, Mass., to Fitchburg, Maps 50.00 miles.
Greenfield, Mass., to Troy, N. Y 84.41 "
Vermont to Rotterdam Junction, N. Y 61.22
Ashburnham Junction, Mass., to Bellows Falls, Vt 53.62 "

Boston Ice Track Branch : In Charlestown, Mass 0.68 m.

Watertown Branch : West Cambridge, Mass., to Waltham, Mass. . . . 6.60 m.
Marlborough Branch : South Acton, Mass., to Marlborougn, Mass. . .12.42 m.
Peterborough and Shirley Branch: Ayer, Mass., to Greenville, N. H. 23.62 m.
Worcester & Winchendon Branch: Worcester to Winchendon, Mass. 36.00m.
Ashburnham Branch : Ashburnham, Mass., to South Ashburuham. . . 2.59 m.

Monadnock Branch: Winchendon, Mass., to Peterborough, N. H 15.80 m.

Saratoga and. ( Saratoga, N. Y., to Saratoga Junction, N. Y. .17.52 m.
Schuylerville Branch : / Schuylerville Junction to Schuylerville, N. Y.. 8.00 m.

Milford Branch : Brookline to Milford, N. H 21.46 m.— 144.69

Leased • \ Vermont and Massachusetts RR. (see statement on p. 10) 58.80

' ( Troy and Bennington RR. : Hoosac Junction to Vermont Line 5.04 "

Total lines operated (owned, 393.94 m.; leased, 63.84 m.), June 30, 1897 . . .457.78 miles.
2d track (owned, 108.22 m.; leased, 56 m.), 164.22 m.; 3d track (owned), 1.66 m ; sidings
(owned, 244.36 m.; leased, 39.46 m.), 283.82 miles. Gauge, 4 ft. 8i in. Rail— steel (owned,
748.18 m.; leased, 159.30 m.— total, 907.48 miles), 60, 72, and 76 Ibs.

History. — This company is the outcome of various consolidations, the details of which
were published in the MANUALS for 1890, 1893, and 1896 — which see.

8

POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.

Rolling Stock, June 30, 1897. — Locomotives, 210. Cars — passenger, 138 ; smoking, 33 ;
combination, 37 ; baggage and express, 35 ; mail, 13 ; paymaster's, 1 ; directors', 1 ; freight
(box, 3,724 ; stock, 117 ; coal, 711 ; flat, 607 ; oil-tank, 5), 5,164 ; service cars (caboose, 96 ;
derrick, 10 ; tool, 11 ; boarding, 28 ; flat, 1 ; dump, 118 ; snow-ploughs, 19 ; inspection, 1 ;
instruction, 1), 285— total cars, 5,707.

Operations, year ending June 30, 1897. — See eight-year tabulated statement below.

Earnings— Passenger $2,031,307 60

Freight 4,381,570 24

Mail and Express 239,611 04

Miscellaneous 150,090 20

Expenses —Conducting Transportation... $3.148,558 28
Maintenance of Equipment. .. 805,814 77
Maint. Way and Buildings.. . . 914,306 49
General 111,150 54

Total ($14,881.78 per mile)..! $6,812,579 08 Total ($10,878.22 per mile) ... $4,979,830 OS

Net earnings (26.92 p. c.), $1,832,749; add rent of roads and property, $68,582.18; re-
ceipts from elevators, wharves, etc., $274,607.19— total, $2,175,938.37. Payments : Inter-
est on funded debt, $1,009,048.60 ; on unfunded debt, $14,462.62 ; taxes, $259,148.35 ; rent-
als (Vt. & Mass. RE., $244,580; T. & B. RR., $15,400), $259,980— total, $1,542,639.57.
Surplus for year, $633,298.80 ; surplus forward, $327,804.41— total, $961,103.21. Deduct div-
idends (Jan. 15 and July 15, 1897, 2 p. c. each), $603,754. Balance to next year's account,
$357,349.21.

Statement of operations, capital account, etc., for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of RR Owned

299.05

369.08
590.70
478.00
187
170
40
5,951
1,893,601
2,482,579
5,641,356
5,895,202
91,705,034
3,971,318
390,079,822

6,259,533
4,525,606

372-48
436.32
691.23
691.23
221
191
51
6,297
2,005,066
3,112,285
6,304,182
6,719,206
103,817,884
4,215,024
437-219,636

6,851,004
5.133,466

372.48
436.32
692.15
692.15
222
202
(1
6,803
2,222,574
3,393,162
6,758,805
7,342,031
109,802-633
4,570,377
496.160,278
$
7,348,805
5,336,779

372.48
447.75
702.60
702.60
215
212
51
6,111
2,432,105
3,586,900
7,217,761
7,770,632
117,908.668
4,872,330
525,027,360

7,707,298
5,768,472

372.48
450.32
707.04
706.02
204
215
51
6,353
2,439,296
3,120,425
6,493,317
7,116,592
114,585.909
4,061,817
456,515,951
$
6,865,156
5,038,170

383.94
457.78
734.65
734.31
204
216
50
6,171
2,312,067
3,239,053
6,449,570
7,199,874
112,439,598
4,419,427
505.805,169

7,237,724

5,202,425

393.94
457.78
740.46
740.46
213
810
48
5,898
2,421,955
3,408,462
6,900,673
7,468,666
123.966576
4,775,100
551,044,746
$
.7,606,765
5,711,870

333.94
457.78
748.18
748.18
210
208
48
5,451
2,375,691
2,934,841
6,291,332
7,046,571
112,161,296
4,471,244
504,715,428
$
7,155,768
5,238,978

Miles (Average) Operated . .
Miles of Track Owned
Miles of Steel Rail Owned. .

Baggage and Mail Cars ....
Freight and Other Cars ....
Passenger Train Miles
Freight Train Miles

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Gross Earnings

Expenses and Taxes .......

Net Traffic Earnings

1,733,927

871,980
807,416
(2) 261,836
+ 392,695

16,759 83
12,261 77
4,698 06
72.30 p. c.
1.91 c.
1.02 c.
$
20,775,100
18,534,600
780,000
96,645

1,717,538

274,980
889,284
(3})562,750
- 9,476

15,704 08
11,765 37
3,93871
74.93 p. C.
1.87 c.
l.OOc.

23,497,600
20,801,600
675,000
79,047

2,012,086

260,980
964,064
(4) 649,237
+ 137,745

16,842 69
12,231 34
4,611 35
72.62 p. c.
1.92 c.
0.94 c.

23,497,600
20,821,000
650,000
203,506

1,9E8,826

264,147
974,892
(4) 668,134
+ 31,653

17,213 39
12,88324
4,330 15
74.84 p. c.
1.87 c.
0.94 c.

24,000,000
20,499,500
1,595,000
36,412

1,826,986

264,980
1,044,710
(3) 502,000
+ 15,296

15,245 06
11,187 98
4,05708
73.39 p. c.
1.85 c.
0.91 c.

24,000,000
22,373,000
415,000
49,754

2,035,299

264,980
1,021,475
(4)681,867
+ 66,977

15,90778
11,434 40
4,47338
71.88 p. c.
1.82 c.
0.90 c.
$
24,360,000
22,469,000
150,000
49,754
50,000
1,617,179
890,173

1,894,895

259,980
1,002,188
(4) 595,096
+ 37,631

16,616 64
12,477 33
4.139 31
75.09 p. c.
1.77 C.
0.88 c.
$
24,360,000
22,268.000
SOOiOOO
49,754
50,000
1,670,509
327,804

1,916,790

259,980
1,023,511
(4) 603,754
+ 29,545

15,631 46
11,44388
4,18758
73.21 p. c.
1.74 c.
0.89 c.
$
24,360,000
24,424,000
500,000
49,754
50,000
1,714,599
357,349

Balance ( + or — )

Gross Earnings per Mile . .
Gross Expenses per Mile. .
Net Earnings per Mile. . . .
Expenses to Earnings
Av. Rate p. Pass, per Mile
AY. Rate per Ton per Mile.

Capital Stock

Funded Debt . . .

Notes Payable

Improvement Fund

Accident and Ins. Fund . .

Accounts and Balances ....
Profit and Loss

1,342,963
282,672

1,491,482
273,197

1,579,244
273,197

1,733,300
273,197

1,281,523
273,197

Total Liabilities

41,811,920

33,525,314
3,733,602
2,134,977
765,663
1,652,364

46,817,926

37,378,258
3,816,836
3,250,442
1,012,418
1,359,972

47,024,547

39,312,689
3,946,940
1,469,406
675,840
1,619,672

48,137,409

40,157,618
3,946,941
1,681,248
894,832
1,456,770

48,392,474

40,342,804
4,129,786
1,688,339
783,583
1,447,962

48,986,106

| 45.041.305

1,836,228
768,847
1,339,726

49,026,067

45,213,750
1,860,271
891.427
1,060,619

51,455,702

45,511,989

2,351,608
778,132
* 2,814,033

Railroad

Equipment

Otner Investments.

Materials and "Supplies
Cash and Receivables

Total Assets

41,811,920

46,817,926

47,024,547

48,137,409

48,392,474

48,986,106

49.026,067

51,455,702

* Includes $1,535,704.82 proceeds of sale of new bonds deposited in a special fund to be used only in thex
paying off maturing bonds.

POORS MANUAL — FITCHBUEG RR. CO.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $12,562,977 05

Vt. & Maes. RR. Improvements 1,728,739 31

B., B. & G. RR. Consolidation 958,508 65

T. & G. RR., and H. T. Consolidation. . . 11,787,785 32

Hoos. Tun., D. & El. Purchase 2,031,744 40

Troy & Boat. RR. Consolidation 4,333,300 00

B., H. T. & W. Ry. and T., S. & N. RR.

Consolidation 7,036,88283

Cheshire RR. Consolidation 3,529,520 16

Southern Vermont RR. Purchase 175,000 00

Mpnadnock RR. Consolidation 205,360 00

Milf ord Branch Consolidation 487,111 47

Constitution Wharf Purchase 675,000 00

Total Construction $45,511,929 19

Investments in Stocks and Bonds 2,351,607 81

Special Fund for Redemption of Bonds.. 1,535,704 82

Materials and Supplies 778,13211

Railroads, Agents, and Others 488,029 67

Bills Receivable 150,685 90

Cash 639,612 46

Total Assets $51,455,701 86

Capital Stock, Common $7,000,000 00

Capital Stock, Preferred 17,360,000 00

Funded Debt Outstanding 23,524,000 00

Mortgage Liens 900,000 00

Vouchers and Accounts 856,464 62

Dividends Unpaid 307,570 00

Interest Unpaid 60,617 50

Notes Payable 500,000 00

Interest Accrued but not Due 259,167 77

Taxes A ccrued but not Due 167,708 96

Lease Rentals Accrued, not Due 63,070 00

Improvement Fund 49,753 80

Accident and Insurance Fund 50,000 00

Profit and Loss Surplus 357,34921

Total Liabilities $51,455,701

NOTE.— The sum of $442,400, representing 4.424 shares of preferred stock hitherto held in account of Boston,
Hoosac Tunnel & Western Ry. and Troy, Saratoga & Northern RR. consolidation : and $60.000, representing 600
shares hitherto included in M'onadnock RR. consolidation, have been transferred to the " Investment" item of
Fitchburg RR. preferred stock. >"-:« -*

Preferred stock is entitled to dividends up to 4 p. c. and to share equally with common
in any further dividends. Except upon the question of increasing the share capital, leasing
the road or any part of it, or of hiring or uniting with any other road, the common stock has
no voting power until it shall have received 4 p. c. dividends for two successive years.

" Investments in stocks and bonds " are as follows : Fitchburg RR. preferred stock, T. &
B. issue, $1,150,510.55; Fitchburg RR. preferred stock, $932,615.25; Fitchburg RR. com-
mon stock, $264,482.01 ; other stocks and bonds, $4,000— total, $2,351,607.81.

Statement of funded debt, June 30, 1897, and of annual interest charges :

K8CR1P-
!ON OF

lONDS.

S
$

Maturity.

Interest.

Amount.

Annual
Interest.

DESCRIPTION

OF

BONDS.

*
1

Maturity.

Interest.

Amount.

Annual
Interest.

RR . . .

1877
1879
1880
1881
1882
1883
1884
1885
1887
1887
1887
1888
1889
1890
1890

Oct. 1, 1897
Oct. 1, 1899
Oct. 1, 1900
Oct. 1, 1901
Apr. 1, 1902
Apr. 1,1903
Mar. 1, 1904
June 1, 1905
Feb. I, 1937
Apr. 1,1907
Sept. 1,1897
May 1, 1908
Mar. 1, 1899
Jnne 1, 1900
June 1,1920

p.c.
6
5
5
5
5
5
4
4
4
4
4»
5
5
5
4

A. & 0.
A. & O.
A. & O.
A. & O.
A. & O.
A. &O.
M. &S.
J. & D.
F. & A.
A. & O.
M. & S.
M. & N.
M. & S.
J. & D.
J. & D.

$

442,000
500,000
500,000

rxw.ooo

500,000
500,000
500,000
500,000
5,000,000
1,500,000
1,773,000
2,000,000
750,000
500,000
500,000

$

26,520
25,000
25,000
25,000
25,000
25,000
20,000
20,000
200,000
60,000
79,185
100,000
37,500
25,000
20,000

F. RR

1893

1893
1893
1893
1«»4
1895
1896
1897
1878
1874
1891

dedl

Mar. 1, 1903
Sept. 1, 1903
Nov. 1, 1903
Dec. 1, 1903
May 1,1914
Mar. 1, 1915
July 1, 1916
Mar. 1, 192<
July 1, 1898
July 1, 1924
Dec. 1, 1911

Debt

P.O.

5
5
5
4i
4
4
4
6
7
5

M. &S.
M. &S.
M. AN.
J. & D.
M. &N.
M. &8.
J. & J.
M & 8.
J. & J.
J. & J.
J. & D.

$

54,000
378,000
1,000,000
500,000
500,000
1,359,000
500,000
2,041,000
550,000
577,000
100,000

2,160
18,900
50,000
25,000
22,500
54,360
20,000
81,640
33,000
40,390
5,000

i

i

>

i

>

Ch. RR...
T. &B. IstM.
B. & P. RR...

Total Fun

23,524,000

1,066,755

The 4 p. c. bonds of 1916 were issued to pay off $250,000 Cheshire RR. 6 p. c. bonds, which matured
July 1, 1896, as well as to replace $153,000 bonds of the B., B. & G. RR. and $48,000 bonds of the Monadnock
RR., which matured July 1, 1895. The 4 p. c. bonds of 1927 are part of an issue of $2,750,000, which were
authorized on Sept. 30, 1896, to provide for the retirement of $500,000 of 6 p. c. bonds due Oct. 1, 1897, and
$2,250,000 of 4i p. c. bonds due Sept. 1, 1897. The sale of the entire issue of the new 4 p. c. bonds was
negotiated, but not more than $2,041,000 of them had been delivered to the purchasers at the close of the
fiscal year. From the proceeds, $477,000 of the 4i p. c. bonds of Sept. 1, 1897, and $58,000 of the 6 p. c. bonds
of Oct. 1, 1897, were paid and cancelled previous to the close of the fiscal year. The remaining bonds of
those issues— $442,000 of Cs due Oct. 1, 1897, and $1,773,000 of 4$s due Sept. 1, 1897— were paid off after the
close of the fiscal year, and the rest of the 4 p. c. bonds of 1927, $709,000 in amount, were issued; making the
total amount of bonds now outstanding $22,018,000, the annual interest charge upon which amounts to $988,-
810. Pending the retirement of the 6 p. c. and 4j p. c. bonds of 1897 which remained outstanding at the
close of the fiscal year, there was a temporary -Increase of $1,506,000 in the funded, debt, to meet which,
proceeds of the new 4 p. c. bonds of 1927 amounting to $1,535,704.82 were deposited in a special fund for the
redemption of the maturing bonds as they might be presented.

The $5,000,000 of bonds of Feb. 1, 1887-1937, bore interest at the rate of 3 p. c. per annum for the first
five years, 3J p. c. per annum for the next five years, and from Feb. 1, 1897, to maturity they bear 4 p. c.
per annum.

The several issues of bonds of the Fitchburg RR. Co. and the bonds of the Cheshire RR. and Brookline
and Pepperell RR. shown in the preceding statement of funded debt are all plain bonds, not mtge. ; the others
are mtge. bonds. Trustees of T. & B. 1st mtge. : John B. Gale, Williamstown, Mass., and C. W. Tillinghast,
Troy, N. Y. Interest on bonds payable at the office of the company, Boston, Mass.

10

POOR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.

The mortgage liens shown in the general balance sheet are as follows :

Hoosao Tunnel Dock and Elevator 4 p. c. 1-yr. mtge. note, due April 5, 1898, interest April and Oct. . .$500,000
Constitution Wharf 4 p. c. 10-yr. mtge. note, due April 20, 1907, interest April and Oct 400,000

The Hoosac Tunnel Dock and Elevator note was originally issued in 1887 and matured on April 5, 1892,
but has been extended from year to year. Originally the rate of interest was 4 p. c. but it was increased to
4£ p. c. when the note was extended in 1892, and so remained until 1897, when it was reduced to 4 p. c. again.
It is proposed to discharge the incumbrance on April 5, 1898.

At the annual meeting of the Company, Sept. 29, 1897, the directors were authorized to issue, from time to
time, the bonds of the company to an amount not exceeding $1,450,000, to provide means for the payment of
the $500,000 mtge. note of the Hoosac Tunnel Dock and Elevator Co., for refunding $550,000 6 p. c. bonds of
the Cheshire RR. Co., for funding the floating debt and for the payment of money borrowed for any lawful
purpose.

Statement of all dividends paid by the Fitchburg ER. Co. from 1815 to Jan., 1898 :

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

P.O.

Date.

p.c.

Date.

p.c.

1845

July

4

1854

Jan.

3

1864

July

4

1873

Jan.

4

1881

July

3*

1891

July

H

181G

Jan.

5

July

3

1865

Jan.

4

July

4

1882

Jan.

3

1892

Jan.

2

July

5

1857

Jan.

3

July

3

1874

Jun.

4

July

3

July

2

1847

Jan.

5

July

3

1866

Jan.

4

July

4

1883

Jan.

3

1893

Jan.

2

July

5

1858

Jan.

3

July

3

1875

Jan.

4

July

3

July

2

1848

Jan.

5

July

3

1867

Jan.

5

July

4

1884

Jan.

3

1894

Jan.

2

July

4*

If 59

Jan.

3

July

4

1876

Jan.

4

July

2}

July

1

1849

Jan.

4

July

3

1868

Jan.

4

July

4

1885

Jan.

2*

1895

Jan.

2

July

4

I860

Jan.

3

July

4

1877

Jan.

3

July

'2*

July

2

1850

Jan.

4

July

3

1869

Jan.

4

July

3

1886

Jan.

2*

1896

Jan.

2

July

4

1861

Jan.

3

July

4

1878

Jan.

3>

July

2*

July

2

1851

Jan.

4

July

3

18TO

Jan.

4

July

81

'1887

Jan.

3

1897

Jan.

2

July

4

1862

Jan.

3

July

4

1879

Jan.

3

April

2

July

2

1852

Jan.

3

July

3

1871

Jan.

4

July

3

Oct.

2

1898

Jan.

2

July

3

1803

Jan.

3

July

4

1880

Jan.

3

1888

April

2

1858

.Ian.

3

July

3

1872

Jan.

4

July

3

1890

July

2

July

3

1864

Jan.

4

July

4

1881

Jan.

3.

1891

Jan.

2

NOTE.— The first dividend, paid four months after the opening of the road between Cambridge and Fitch-
burg, was declared on a capital stock of $1,150,000, and subsequent ones on increasing amounts, reaching
$3,540,000 in 1852, $3,640,000 in 1870, $4,000,000 in 1871, $4,500,000 in 1878, $4,950,000 in 1881, and $5,286,500
in 1885. In the consolidation with the Troy and Greenfield RR. and Hoosac Tunnel, dated Feb. 1, 1887, the
capital stock was increased to $12,048,800, of which $7,048,800 was made preferred stock and $5,000,000 com-
mon stock. Later in the same year the common stock was increased to $7,000,000, at which amount it still
remains. The preferred stock has been increased from time to time, the latest increase, to $17,360,000, being
in 1895. The dividend paid Jan. 1, 1887, 3 p. c. on $5,286,600 was the last paid on the capital stock of the
original Fitchburg RR. Co. The dividend of April, 1887 (paid May 2, 1887), was on $5,286,600 preferred stock
and those paid subsequently were on the same class of stock. The dividend of Oct., 1887 (paid Nov. 15), was
at the rate of 2 p. c. on 124,378 shares, together with three-fifths of 2 p. c. on 10,000 shares which had been
issued to Troy and Boston stockholders; those of April, 1888 (paid May 15), and July 15, 1890, were at the
rate of 2 p. c. on 124,418 shares, together with three-fifths of 2 p. c. on 10,833 shares issued to Troy and
Boston stockholders.

RAILROADS LEASED BY THE FITCHBUHQ RAILROAD Co:

Troy nnd Bennlngrton RR. — Hoosac June,
to Vermont State Line, 5.04 m.; total track, 5.78
miles. Chartered May 27, 1851; opened Aug. 1, 1852.
Leased In perpetuity to the Fitchburg RR. Co. at an
annual rental of $15,400, which provides for Interest
on bonds, organization expenses, and semi-annual
dividends of 3 p. c. each. Financial Statement, June
30, 1897.— Capital stock (shares, $100), $150,800;
funded debt, 1st mtge. 6 p. c. registered bonds,
issued Jan. 1, 1880, payable at various dates till Aug.
1, 1900, interest Feb. and Aug. (auth., $72,000), $20,-
000; income surplus. $68,541— total, $239,341. Contra:
Cost of road, $236,953; cash. $2,388— total, $239.341.
L. E. Gurley, Pres. ; Paul Cook, Sec. & Treas., Troy,
N. Y. Corporate Office, 514 Fulton St., Troy, N. Y.

Vermont and Massachusetts RR. — Fitch-
burg to Greenfield, Mass., 56 m.; Turner's Falls
Branch, 2.80 m.— total, 58.80 miles. 2d track, 56 m.;
sidings, 30,19 miles. Steel rails. Consolidation of

the Vermont and Massachusetts and the Brattleboro"
and Fitchburg RR. Cos. Road opened April 15, 1849.
Leased to the Fitchburg RR. Co. for 999 years from
Jan. 1,1874; rental, interest on bonds, 6 p.c. on stock
(3 p. c. each, April 7 and Oct. 7), and $3,000 for
organization expenses. (See Manual for 1891, page
212.) Financial Statement, June 30 1897.— Capital
stock, $3,193,000; funded debt, 5 p. c. 20-yr. bonds,
due May 1, 1903, interest May and Nov., $1,000,000;
unpaid dividends, $11,578; Fitchburg RR. Co. account
improvements, $1,728,739; profit and loss, $172,510—
total, $6,105,827. Contra: Construction and equip-
ment, $6,045,174; other Investments, $49,075; cash,
$11,578— total, $6,105, 827. Interest payable by lessee;
dividends at the office of the Treasurer, Boston.
Charles E. Ware, Pres., Fitchburg, Mass.; Franklin
N. Poor, Treas., Boston, Mass.; B. D. Locke, Sec.,
Arlington, Mass. Corporate Office, 53 Devonshire St.,
Boston, Mass.

Board of Directors, Fitchburg ER. Co., elected Sept. 29, 1897.

Robert Codman Boston, Mass.

Rodney Wallace.. Fitchburg, Mass.
Chas. T. Crocker.. " "

Win. Seward Webb.New York, N.Y.

Francis Smith Rockland, Me.

Wm. H. Hollister..New York, Y. Y.
William A. Russell. Lawrence, Mass.
Edward C. Thayer. . . .Kaene, N. H.

Joseph B. Russell Belmont, Mass.

Charles Lowell Boston, Mass.

Brigham N. Bullock. Fitchbnrg, Mass.
Edmund D. Codman. . .Boston, Mass.

Directors Appointed by State of Massachusetts.

James Renfrew Adams, Mass. | J. R. Leeson Boston, Mass. | Chas. T. Plunkett Adams, Mass.

EDMUND D. CODMAX, President Boston, Mass.

Treasure! — Daniel A. Gleason Boston. Mass. | General Supt.—C. L. Mayne Boston, Mass.

6en. Auditoi — J. W. Richards Boston, Mass.

PRINCIPAL OFFICE AND ADDRESS Boston, Mass.

POORS MANUAL OF RAILROADS.

MAINE CENTRAL RAILROAD COMPANY.

Main Line of Road. — Portland, Me., to Bangor, Me ...................... 136.60 miles.

Waterville Branch: Cumberland Junction, Me., to Skowhegan, Me. . 91.20m.
Farmington & LfvistonBr'a.: Bath,Me.,to Farmington & Lewiston,Me. 76.30m.
Mt. Desert Branch: Penobscot Junction to Bar Harbor (incl. ferry). . 48.83m. — 216.33 "
' Belfast and Moosehead Lake RR. : Burnham to Belfast, Me. 33.13 m.
Dexter and Newport RR.: Newport to Dexter, Me ........ 14.23 m.

Dexter dcPiscataquisRR.: Dex.,Me.,toDov'r&F"icroft,Me. 16.54 m.
Eastern Maine RR.: Bangor to Bucksport, Me ........... 18.80m.

Leased : •{ European & North American Ry. (mileage as on p. 15). .. 120.34 m.
Portland & Ogdensburg Ry.: Portl'd,Me.,to Lunenberg, Vt. 109.10 m.
Upper Coos RR.: Quebec Junction to Beecher Falls, Vt . . . 55.00 m.
Hereford Ry.: Beecher Falls, Vt., to Lirae Ridge, P. Q. . 53.00 m.

and Lincoln Ry.: Bath to Rockland, Me.(incl. ferry). 48.95 in.— 469.09 "

Total length of all lines operated. June 30, 1897 ......................... 822.02 miles.

2d track, 40.5 m. ; sidings, 244.36 mile?. Gauge, 4 ft. 8| in. Rail (steel, 976.99 m.), 56, 67,
and 75 Ibs.

History. — Consolidation, Oct. 28, 1862, of the Androscoggin and Kennebec and the
Penobscot and Kennebec RR. COP. (See MANUAL for 1885.) The company controls the
Portland, Mt. Desert, and Machias Steamboat Co.

Rolling Stock, June 30, 1897. — Locomotives, 160. Cars — passenger, 148 ; directors', 1 ;
baggage, mail, and express, 50 ; baggage, mail, and smoker, 1 ; baggage and mail, 5 ; postal
and express, 2 ; combination, 18 ; express, 2 ; freight (caboose, 70 ; box, 854 ; stock, 67 ; 8-
wh. flat, 2,103 ; 4-wh. flat, 14; coal, 250 ; dump, 58; express, 5; refrigerator, 13), 3,434;
tool, 83 ; boarding, 57 ; derrick, 14 ; other, 185 — total car?, 4,000. Also 34 snow-ploughs.

Operations, year ending June 30, 1897. — See eight-year tabulated statement on page 12.

Earnings— Passenger $1.867,249 04

Freight 2,756,873 36

Mail and Express 245,978 2\

Miscellaneous 27,935 8p

Total ($5,956.86 per mile) »4,898,035~91

Expenses— Conducting Transportation . . . $748,803 39

Maintenance of Equipment. . . 1,148,162 06

Maintenance Way & Build'gs. 915.442 89

General 360,877 2aS

Total ($3,859 27 per mile) ............ $3,173,285 56

Net earnings (35.21 p. c.), $1,724,750.35 ; add rents, $36,766.49 ; miscellaneous receipts,
$15,380.60— total income, $1,829,044.53. Payments : Interest, $657,060.18 ; taxes, $112,-
283.46 ; rentals leased lines (E. & N. A. Ry., $165,500; B., & M. L. RR., $36,000 ; D. & N.
RR., $18,000 ; East. Me. Ry., $9,500; P. & O. Ry., $202,300.78; D. & P. RR., $13,350; Here-
ford Ry., $04,500 ; Upper Coos RR., $61,375 ; K. & L. Ry., $79,954.16), $650,479.92 ; divi-
dends on stock (July 1 and Oct. 1, 1896, and Jan. 1 and April 1, 1897, H P- c. each), $298,524
—total, $1,718,347.56. Surplus to credit of profit and loss, $58,549.88 ; balance of profit and
loss forward, $668,625.10 ; premium on bonds sold, $300 ;, interest on sinking funds,
$15,449.28 ; miscellaneous items, $6,204.30— total, $748,828.56. Contra : Accounts of pre-
vious years paid, $1,100 ; uncollectible accounts charged off, $10,772.40 ; balance, June 30,
1897, $736,956.16— total, $748,828.56.

General Balance Sheet, June 30, 1897.

Construction $12,264,191 53

Equipment ' 2,268,339 47

Androscoggin Railroad Lease 768,333 33

Leased Roads— for Bonds guaranteed 6,676,000 00

* Improvements and Extensions of Leased

Roads in excess of Bonds guaranteed. . . 747,108 27

Stocks of other Companies 524,976 97

Sinking Funds 390,613 75

Notes Receivable 120,000 CO

Due from Agents 116,292 68

Due from Companies and Individuals 149,872 31

Net Traffic Balances 47,94374

Coal on Hand 89,982 65

Material on Hand 395,754 59

Cash 501,69105

Boston Safe Deposit & Trust Co., Fund

for payment of P. & K. and L. & F.

RR. Bonds 2,821 00

New Rolling Stock 74.989 75

Total Assets $25,138,910 09

Capital Stock ...........................

Stock Scrip ..............................

Stock Bonds ........... , ..................

Maine Central Interest Scrip .............

Bonded Debt .........................

Guaranteed Bonds of Leased Lines .......

Interest and Rents Accrued ..............

Notes Payable ...........................

Coupons and Dividends unpaid, includ-
ing those due July 1 ...................

Audited Bills, including June Pay-Roll. . .
Due Companies and Individuals ..........

Injury Fund ..............................

Profit and Loss ...........................

$4,983,50000

1,300 00

11,000 00

8,192 00

10,778,200 00

6.676.000 00

248,005 (II

1,188,000 00

113,52479
323.691 27
20,540 86
50,000 00
736,956 16

Total Liabilities $^5,138,910 09

* The Maine Central RR. Co. holds bonds of leased roads amounting to $162,000, which are available for
reduction of amount charged to improvement and extension of those roads.

12

POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.

Statement of operations, capital account, etc., for eight fiscal years :

1890

Sept. 30.

1891

Sept. 30.

1892

Sept. 30.

1893

Sept. 30.

1894

Sept. 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles of RR. Owned
Miles Operated (av'age). .
Locomotives

303.30
692.33

126

129
46
2,433
1,144,231
1,217,567
3,792,662
1,933,377
69,254,934
1,720,107
109,885,507

1,777,990
2,231,457
217,018

303.20
821.04
130
133
50
2,869
1,596,254
1,340,235
4,156,959
1,967,695
75,938,045
1,706,155
127,851,924

1,838,221
2,269,740
216,945

303.20
822.25
150
135
61
2,994
1,639,548
1,409,945
4,219,319
2,149,778
83,879,408
2,941,038
151,506,703

2,011,312

2,514,634
231,657

303.20
822.25
154
151
59
3,323
1,787,625
1,541,714
4,645,841
2,313,941
87,681,139
2,268,573
178,614,701

2,031,011
2,6S2,S25
238,499

803.20
822.25
153
156
55
3,298
1,609,141
1,409,383
4,274,091
2,071,550
80,605,258
2,191,845
171,462,539

1,786,036
2,509,809
265,793

803.20
822.25
157
173
53
3,741
1,606,197
1,466,361
4,429,798
2,033,807
80,060,873
2,476,337
192,418,261

1,828,693
2,716,642
269,126

303.20
823.25
162
168
60
3,926
1,756,093
1,498,204
4,746,224
2,110,734
84,161,437
2,678,203
207,890,937

1,939,048
2,774,802
271,469

303.20
822.25
160

166
60
3,773
1,725,630

1,455,814
4,577,326
2,005,172
79.224,995
2,687,603
206,746,056
$
1,867,249
2,756,873
273,914

Passenger Cars

Baggage, etc., Cars

Freight and Other Cars . .
Passenger Train Miles. . .
Freight Train Miles

Total Train Miles

Passengers Carried

Passenger Miles

Freight (tons) Moved. . . .
Freight (ton) Miles

Passenger Earnings
Freight Earnings

Express, Mail, etc

Gross Earnings

4,226,465

2,858,667

4,324,906
2,942,378

4,757,603
3,061,791

4,951,835
3,341,525

4,561,138
2,957,775

4,814,461
3,136,564

4,985,319
3,369,452

4,898,036
3,235,569

Operating Exp. & Taxes.
Net Earnings

1,367,798
43,765

1,382,528
89,074

1,695,812
60,817

1,610,810
59,835

1,603,863
54,975

1,677,897
52,530

1,615,867
51,860

1,612,4C7
52,147

Other Receipts

Available Revenue

1,411,563

284,656
821,165
(6) 215,616
90,126

6,104 69
4,12905
1,97564
67.64 p. c.
2.57C.
2.03 C.

3,620,100
14,382,400
8,992
1,231,958
555,417

1,421,602

3*0,093
828,189
(6) 215,628
17,692

5,26759
3,58372
1,68387
68.04 p. c.
2.42 C.
1.77C.

4,499,000
15,178,800
8,992
1,444,714
611,032

1,756,629

480,886
830,308
(6) 268,485
176,950

5,78608
3,723 67
2,062 41
64. 36 p. c.
2.40 c.
1.66c.

4,501,500
16,966,000
8,992
1,524,998
640,475

1,670,145

483,196
829,936
(6) 276,247
80,766

6,02228
4,06388
1,95840
67.48 p. c.
2.32c.
l.SOc.

4,995,800
16,966,800
8,992
1,698,179
701,397

1,658,838

601,513
715,593

(6) 298,512
42,720

5,547 14
3,597 17
1,94997
64.85 p. c.
Z.21 c.
1.43C.
1
4,995,800
17,338,500
8,292
1,407,921
563,010

1,730,427

646,766
662,772
(6) 298,520
122,370

5,85522
3,814 61
2,040 61
65.15 p. c.
2.28 c.
1.41 C.
$
4,995,800
17,556,000
8,192
1,589,055
612,670

1,667,727

649,516

637,834
(6) 298,524
81,853

6,06302
4,09784
1,965 18
67.59 p. c.
2.30 c.
1.33C.

4,995,800
17,451,700
8,192
1,859,689
668,625

1,604,614

650,480
657,060
(6) 298,524
58,550

5,956 86
3,993 62
1,961 04
67.03 p. c.
2.36c.
1.33c.
$
4,995,800
17,454,200
8,192
1,943,762
736,956

Lease Rentals

Bond Interest

Dividends

Surplus ....

Gross Earnings per M. . .
Gross Expenses per M . .
Net Earnings per Mile. .
Expenses to Earnings. . .
Av. Rate p. Pass. p. M. .
AT. Rate p. Ton p.M. . .

Stock and Stock Bonds. . .
Funded Debt

Interest Scrip

Notes and Accounts
Profit and Loss

Total Liabilities
Maine Central RR .

19,798,867

11,630,656
4,731,067
1,926,557
417,075
453,595
639,917

21,742,538

11,632,856
5,947,994
2,119,801
867,686
514,857
659,344

23,641,965

11,632,856
7,663,601
2,119,801
878,223
510,037
837,44?

23,371,168

11,972,262
6,868,626
2,119,801
903,865
577,868
928,746

24,313,523

11,972,2«2
7,973,902
2,119,801
788,237
495,778
963,542

24,760,717

12,008,562
7,954,748
2,365,639
1,013,926
601,509
816,333

24,984,006

12,249,922
8,047,348
2,403,116
891,675
651,016
740,928

25,138,910

12,264,192
8,191,441
2,268,339
915,590
485,737
1,013,611

Equipment

Stks. Bds., & Other Inv. .
Supplies and Materials...
Accounts and Cash

Total Assets. . . :

19,798,867

21,742,538

23,641,965

23,371,168

24,313,523

24,760,717

24,984,006

25,138,910

Statement of stocks and bonds owned June 30, 1897, and income from same for past
fiscal vear :

N*n..

Total Par
Value.

Rate
p.,c.

Income or
Dividend
Received.

Valuation.

Portland and Rochester RR. Co

$4,70000

6

$28200

$4,70000

Portland and Ogdensburg Ry .

198,18000

2

3,96360

79,272 00

Portland Mt Desert and M aching Steamboat Co

110,00000

121,00000

Portland Union Ry Station Co

25,00000

25,00000

Sebasticook and Moosehead RR. Co

8,00000

8,00000

St John's Bridge and Extension Co .

20,00000

5

1,00000

20,000 00

Northern Maine RR. Co. . . .

25,00000

27,503 97

Knox and Lincoln Ry

200,00000

5

10,00000

.200,00000

Phillips and Rangeley RR Co ..

25,00000

25,00000

KinRfield and Dead River RR Co

9,50000

9,50000

Bridgton and Saco River RR. Co

5,00000

4

10000

5,00000

Total Stocks

$630,380 00

$15,345 60

$524,97597

Maine Central RR Bonds . . ...

50000

7

3500

50000

Total Stocks and Bonds

$630,880 00

$15,380 60

$525,475 97

POORS MANUAL — MAINE CENTRAL RR. CO.

13

Statement showing total capitalization and average per mile of all roads comprised in
the Maine Central System on June 30, 1897 :

NAMK or ROAD.

Stock.

Bonds.

Total.

Amount per Mile
of Road.

Maine Central RR.

c
4,97"o,400
648,100
122,000
122,000
2,491,300
200,000
200,000
4,390,968
350,000
800,000

$

10,778,200
150,000
175,000
175,000
1,000,000

$

15,753,600
798,100
297,000
2»7,000
3,491,300
200,000
1.856,000
6,509,968
1,275,000
1,600,000

Mile*.
345.23
33.13
14.23
16.54
120.34
18.80
48.39
109.10
65.00
53.00

$

45,632
24,090
20,871
17,956
29,012
10,638
38,355
59,670
23.182
30,189

Belfast and Moosehead Lake RK

Dexter and Newport RR

Dexter and Piscataquis RR ....

European and North American Ry

Eastern Maine RR

Knox and Lincoln Ry

1,656,000
2,119,000
925,000
800,000

Portland and Ogdensburg Ry

Upper Coos RR

Hereford Ry

Total

14,299,768

17,778,200

32,077,968

813.76

39,419

The Androscoggin RR. being mortgaged as security for the Maine Central RR. consols, the mileage of
that road (31 m.) is added to the Maine Central mileage in computing amount of bonds per mile.

European and North American Ry., 65.34 m., not covered by bonds.

Portland and Ogdensburg Ry.— 1st mtge. bonds, $800,000, cover 60 miles. Consols, $1,319,000, and .capital
stock cover the entire line.

Upper Coos RR.— 1st mtge. bonds, $350,000, cover 22 miles. Extension bonds, $575,000, cover 33 miles.
Stock covers entire line.

Statement of funded debt, June 30, 1897:

CLASSES or BONDS.

Issned.

Interest.

Mature.

Provided.

Afloat.

Charges

M. C. Bands ($10,778,200).
Maine Central Loan

July 1,1868
Oct. 1, 1870
Jan. 1, 1860
Ap'l 1, 1«2
Ap'l 1, 1872
Ap'l 1, 1872
Ap'l 1, 1872
Ap'l 1, 1865
July 1, 1863
Jily 1, 1871
J'ne 1, 1883
Feb. 1, 1885
J'ne 1, 1883
July 1,1886
July 1, 1887

July 1, 1870
Nov. 1, 1888
July 1, 1889
May 1, 1890
May 1, 1890
May 1, 1890
Aug. 1, 1890
Feb.l, 1891
Jan. 1, 1869
Jan. 2, 1893

7. p. c., Jan. & July
6. p. c., April & Oct.
6 p. c., Monthly
7 p. c., April & Oct.
5 p. c., April & Oct.
4 J p. c., April & Oct.
4 p. c., April &Oct.
6 p. c., April & Oct.
6 p. c., April & Oct.
6 p. c., Jan. & July
5 p. c., June &Dec.
4ip. c., Feb. & Aug.
6 p. c., June & Dec.
4J- p. c., Jan. & July
4i p. c., Jan, & July

6 p. c., Jan. & July
5 p. c., May & Nov.
4 p. c., Jan. & July
4 p. c., May A Nov.
4 p. c., May & Nov.
4\ p. c., May & Nov.
4 p. c., Feb. & Aug.
5 p. c., Feb. & Aug.
6 p. c., Jan. &.Jnly
4 p. c., Jan. & July

July 1, 1898
Oct. 1, 1900
Sept.l, 1891
Ap'l 1, 1912
Ap'l 1, 1912
Ap'l 1, 1912
Ap'l 1, 1912
Ap'l 1, 1895
Ap'l 1, 1893
July 1,1898
J'ne 1, 1923
Feb. 1, 1905
J'ne 1, 1923
July 1,1916
Julyl, 1917

July 1,1900
NOT. 1, 1908
July 1, 1929
May 1, 1930
May 1, 1930
May 1, 1930
Aug. 1, 1920
Feb. 1, 1921
Jan. 1, 1894
Jan. 1, 1933

J
1,100,000
500,000
1,100,000

U,ooo,oooj

1,600,000
425,000
633,000
700,000
600,000
750,000
200,000
250,000

800,000
20,000 p. m.
175,000
800,000
350,000
21,000 p. m.

40,o66'p- m.
1,000,000

$

756,800
496,500
1,500
3,924,000
269,500
1,525,000
2,007,000
900
500
1,500
669,000
600,000
76,000
200,000
250,000

800,000
1,319,000
175,000
800,000
350,000
575,000
1,300,000
356,000
1,000
1,000,000

$
52,976
29,790

Maine Central Extension (gold)..
Maine Central Old Loan (A. & K.)
Maine Central Consol. Loan
Maine Central Consol. Loan
Maine Central Consol. Loan
Maine Central Consol. Loan. . .
P. & K. Consol. Loan

274,680
13,475

68,625
80,280

A. RR. Bath City Loan .

Leeds & Farm. 1st mtge..

Maine Central Collateral Trust..
Maine Central Sinking Fund
Me. Shore Line let Mtge. Bonds. .
Me. C. Improvement Bonds, A..
Me. C. Improvement Bonds, B . .

Quar. Bonds ($6,676,000).
Portland & Ogdensb'rg 1st Mtge.
Portl'd & Ogdensb'rg RR. Bonds
Dexter & Piscataqms RR. Loan.
Hereford Ry. Bonds

33,450
27,000
4,560
9,000
11,250

48,000
65,950
7,000
32,000
14,000
25,875
52,000
17,800

Upper Coos RR. Bonds

Upper Coos RR. Bonds

Penobscot Shore Line Ry. Bonds
Knox & Lincoln Ry. Bonds
Banger City Loan (E. & N. A.Ry.)
Me. Cent. 40-yr, E. & N. A. Ry..

Total...

40,000

17.454.200

907,711

The M. C. 7 p. c. loan is secured on the line from Danville June, to Bangor, 109.5 m.— per mile, $6,911.42.
The bonds are in coup, form, for $100, $500, $1,000 each. Trustees: Edmund F. Webb, Waterville, Me.; Lewis
Pierce and Josiah H. Drummond, Portland, Me.

The M. C. Ext. loan is secured on the line from Cumberland June, to Danville, 18.3 m. — per mile, $2<(-
131.14. The bonds are in coup, form, for $500 and $1,000 each, principal and interest payable in gold. Trus-
tees: Win. L. Putnam and Joseph W. Symonds.

The M . C. Consol. loans are secured on the entire railroad owned, subject to the lien of prior mortgages.
The bonds are divided into four classes— A, B, C, and D. Of Class A, $991,500 are outstanding; of Class B,
$2,715,000; of Class C, $2,850,000; of Class D, $1,169,000. Class B will be increased by the consolidation of the
Maine Central issues. The trustees are to reserve an amount sufficient to retire all other prior issues. These
bonds are both coup, and registered, for $100, $500, $1,000, and $5,000 each. The rate of interest on these
several issues of bonds was originally 7 p. c. ; but bonds have been placed at lower rates when they could b
sold. Issues to June 30, 1897, are as follows: Class A, $991,500 at 7 p. c. ; Class B, $1,515,500 at 7 p. c., $8,oOO
at 5 p c., and $1,100,000 at 4J p. c., and $91,000 at 4 p. c. ; Class C, $1,307,000 at 7 p. c., $261,000 at 5 p. c.,
and $1,282,000 at 4 p. c. ; Class D, $110,000 at 7 p. c., $425,000 at 4J p. c., and $634,000 at 4 p. c.— total, $7,-
725,500. Trustees (surviving): Joseph H. Drummond, Portland, Me.; Galen C. Moses, Bath, Me.

The Maine Central E. & N. A. Ry. mige. bonds were issued to retire the Bangor City loan— per mile,
$17,236. The bonds are in coup, form, for $1,000 each, and are secured on the portion of the European and
North American Ry. from Bangor to Winn, 55 miles. Trustee: Boston Safe Deposit and Trust Co.

The collateral trust loan is secured by deposit with the American Loan and Trust Co., of Boston, trustee,

14

POOR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.

of $750*000 6 p. c. 40-yr. 1st mtge. bonds of the Maine Shore Line RR. Co., issued to the Maine Central under
the terms of a perpetual lease of the Mount Desert Branch, dated July 16, 1883. The branch was built by the
Maine Central under the charter of the Maine Shore Line RR. Co. Title to the branch was not to have
become vested in the Maine Central before the retirement of the Maine Shore Line mtge. bonds; but in con-
formance with an act of the Legislature passed in Jan., 1887, the conveyance was made in the following year.
The Maine Central pays to the Trust Company the interest on the Maine Shore Line bonds, and from the
amount thus received the Trust Company pays the interest on the collateral trust bonds, and applies the
remaining 1 p. c. to a sinking fund for payment of those bonds at maturity. (See MANUAL for 1891, page
304.) The bonds are $1,000 each, and in coup. form. Mileage, 41.13; bonds per mile, $17,530.

The M . C. sinking 'fund bonds were issued to provide means for paying off floating debt and for adding
to and improving road and rolling stock. The bonds are for $1,000 gold each, in coup, form, and are redeem-
able by action of a sinking fund of $16,000 per annum on or after Feb. 1, 1895. Trustee: Portland Trust Co.

The Maine Shore Line mtge. trustees are: Franklin A. Wilson, Bangor, Me. ; Samuel D. Leavitt, Eastport,
Me. ; Lucillius A. Emery, Ellsworth, Me. The bonds were issued as 6s, but were called, Feb. 1, 1895, and ex-
tended for 10 years at 4J p. c. interest per annum.

The Maine Central improvement bonds (Classes A and B) are in coup, form, for $1,000 each; sinking
fund for each class 1J p. c. per annum. Trustees: Class A, New England Trust Co. of Boston; Class B, Boston
Safe Deposit and Trust Co. of Boston.

The Portland and Ogdensburg 1st mtge. 6 p. C. bond* of July 1, 1900, are secured on the line from Port-
land, Me., to Bartlett, N. H., 61 miles. They are in coup, form, for $500 or $1,000 each. Interest payable in
Boston. Trustees: Weston F. Milliken, John Marshall Brown, and Thomas H. Haskell, Portland, Me.

The Portland and Ogdensburg consolidated mtge. bonds of Nov. 1, 1906, are authorized to the amount of
$20,000 per mile. They are secured on the entire property of the P. & O. RR. Co., subject to the lien of the
$800,000 1st mtge. bonds on the line from Portland to Bartlett, and a sufficient amount of them is reserved for
retirement of those bonds. They are in coup, form, for $1,000 each, and are guaranteed, principal and interest,
by the Maine Central RR. Co. Interest payable in Boston. Trustee: Boston Safe Deposit and Trust Co.

The Dexter and Piscataquis loan of July 1, 1889-1929 (coup. $1,000 bonds), is secured on 16.54 m. of rail-
road from Dexter to Foxcroft and Dover. They are guaranteed, principal and interest, by the Maine Central
RR. Co. Trustee: Boston Safe Deposit and Trust Co., Boston, Mass.

The Hereford Ry. bonds are coup., $1,000 each, secured on the line of the Hereford Ry. (53.00 miles).
Principal and interest guaranteed by the Maine Central RR. Co. Trustees: Frank Jones, Win. M. Farwell,
W. B. Ives.

The Upper Coos RR. 4 p. c. bonds of May 1, 1890-1930, are secured on the line from North Stratford,
N. H., to Beecher Falls, Vt., 22.87 miles. They are $500 and $1,000 coup, bonds, principal and interest guar-
anteed by the Maine Central RR. Co.

The Upper Coos 4£ p. c. bonds are coup., $1,000 each, and are secured on the extension from Beecher
Falls to Quebec June., N. H., 32.5 miles. Auth., $21,000 per mile. Bonds are guaranteed by the Maine Cen-
tral. Trustees of both issues: Irving W. Drew, Lancaster, N. H. ; George W. Armstrong, Brookline, Mass.

The Penobscot Shore Line Ry. mtge. trustees are: Charles E. Patten, Bath, Me; Edward A. Butler, Rock-
land, Me. ; and John C. Levensaller, Thomaston, Me.

Coupons of all bonds are payable at the National Revere Bank, Boston, Mass., at the
First National Bank, Portland, Me., and at the office of the Treasurer, Portland, Me.
Statement of all dividends paid by this company since its organization :

Date.

p.c.

Date. -

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

1870

May 12

1886

Feb. 15

3

1889

Aug. 55

3

1893

Jan.

H

1894

Oct.

H

1896

July

u

1882

Aug. 15

2

Aug. 15

3

1890

Feb. 15

3

Apr.

H

1895

Jan.

H

Oct.

n

1883

Feb. 15

2^

1887

Feb. 15

3

Aug. 15

3

July

H

Apr.

H

1897

Jan.

H

Aug. 15

3

Aug. 15

3

1891

Feb. 15

3

Oct.

H

July

H

Apr.

1884

Feb. 15

3

1888

Feb. 15

3

Aug. 15

3

1894

Jan.

H

Oct.

II

July

H

Aug. 15

3

Aug. 15

3

1892

Feb. 15

3

Apr.

H

1896

Jan.

n

Oct.

H

1885

Feb. 15

3

1889

Feb. 15

3

Aug. 15

3

July

Apr.

H

1898

Jan.

H

Aug. 15

3

RAILROADS OWNED OR LEASED BY MAINE CENTRAL RR. Co.

Belfast and Moosehead Lake RR.— Bel-
fast to Burnham, Me., 33.13 miles. Steel rails. In-
corp. Feb. 28, 1867, and road completed about Nov. 1,
1870. Leased to the Maine Central for 50 years from
May 10, 1871, at $36,000 per annum, payable seml-
annually May 10 and Nov. 10. Rental, year ending
June 30, 1897, $36.000. Expenses and taxes, $129.
Net income, $35,871. Payments: Interest on bonds,
$5,500; sinking fund, $3,500; dividends (6 p. c. on
preferred, $16,062; 2.40 p. c. on non-preferred, $10,-
803), $26.865— total, $35,865. Surplus, $5; surplus
forward, $31— total, $36. Capital stock ($267,700 pre-
ferred and $380,400 non-preferred), $648,100; funded
debt (auth., $150,000), $134,000; profit and loss, $36—
total, $782,136, representing cost, etc. Funded debt
consisted of mtge. trust bonds, interest payable May
15 and Nov. 15; rate of interest from May 15, 1888,
to May 15, 1892, 5 p. c.; May 15, 1892, to May 15,
1920, 4 p. c. The bonds were issued May 12, 1888,
to retire an equal amount of 1st mtge. bonds falling
due in 1890. After 1892, a sum not less than $3,000
per year will be drawn and paid, and the whole
amount will be paid at expiration of lease In 1920.
Since the close of the fiscal year the $3,500 in sink-
ing fund as above has been applied to the retirement
of an equal amount of bonds, leaving $130,500 out-
standing. Trustees of bonds: William B. Swan, Cal-
van Hervey, A. C, Burgess, Belfast, Me. The pre-

ferred stock is entitled to 6 p.c. dividends, then the
non-preferred is entitled to 6 p. c., after which both
share equally. The road is controlled by the city of
Belfast, which holds 3,604 shares of non-preferred
and 1,396 shares of preferred stock. Individual stock-
holders hold 1.281 shares of preferred stock, and the
town of Brooks 200 shares of non-preferred. Divi-
dends payable June 1 and Dec. 1, at office of Treas-
urer. Charles B. Hazeltine. Pres.; Frank R. Wiggin,
Treas. ; John H. Quimby, Sec., Belfast, Me. General
Office, Belfast, Me.

Dexter and Newport RR. — Newport to Dex-
ter, Me., 14.23 m. ; sidings, 0.5 mile. Chartered
March 30, 1853; road opened Nov. 25, 1868. Leased
for 999 years from Nov. 25, 1888, to the Maine Cen-
tral, at $18,000 per year for 10 years, and $6,350 per
year thereafter, lessee assuming payment and dis-
charge of funded debt. Rental, 1896-97, $18,000;
income balance, $607— total, $18,607. Paid interest
on bonds, $10,443; dividends, 6 p. c., $7,320; sundry
expenses. $295; reserved to pay coupons not pre-
sented, $477— total, $18,535. Surplus, $72. Capital
stock, $122,000; funded debt, $175,000. Cost of road,
etc., $297,000; investments, $75. The funded debt
consisted, June 30, 1897, of $125,000 town of Dexter
and $50,000 town of Corinna bonds, both issues run-
ning for 30 years from Sept, 2, 1867, and interest
payable in Dexter, Portland, and Boston, on March

POORS MANUAL OF RAILROADS.

Ifi

2 and Sept. 2. The bonds were refunded at maturity
by an issue of $175,000 4 p. c. 20-yr. bonds dated
Sept. 1, 1897, guaranteed principal and interest by
the Maine Central RR. Co. Dividends payable in
Dexter March 1 and Sept. 1. George Fisher, Pres.,
Bath, Me.; Treby Johnson, Treas.; Josiah Crosby,
Clerk, Dexter, Me. General Office. Dexter. Me.

Dexter and Pisca.taq.uis RR.— Dexter, Me.,
to Foxcroft and Dover, 16.54 miles. Rail (steel), 67J
Ibs. Incorp. Oct. 24, 1888; road opened in Dec.,
1889. Leased to the Maine Central RR. Co. for 999
years, from Dec. 13, 1888, at an annual rental of
$12.500. Capital stock paid in, $110,000; 4 p. c.
bonds guaranteed by Maine Central RR. Co., $175,000.
Cost of road, $216,000. Interest payable at Boston.
Dividends payable Jan. 10 and July 10, at Dover, Me.
Trustee of bonds: Boston Safe Deposit and Trust Co.,
Boston, Mass. J. B. Mayo, Pres., Foxcroft, Me.; L.
P. Evans, Clerk; E. A. Thompson, Treas., Dover,
Me. General Office, Dover, Me.

Eastern Maine RR.— Bangor, Me., to Bucks-
port, Me., 18.80 m. ; total track, 20.68 miles. Rail,
56 Ibs. Organized Feb. 1, 1882, as successor to the
Bucksport and Bangor RR. Co., whose road was sold
under foreclosure in March, 1879. Leased in per-
petuity, May 1, 1883, to the Maine Central, at an
annual rental of $9,600, being dividends of 4J p. c. on
stock and $500 for organization expenses. (See
Manual for 1891.) Rolling stock not included in lease.
Financial Statement, June 30, 1897.— Capital stock,
$200,000; current liabilities, $3; profit and loss, $127
—total, $200,130. Contra: Construction. $200,000;
cash, $130— total, $200,130. Eugene Hale, Pres.,
Ellsworth, Me.; G. W. Kimball, Treas., Rockland,
Me.; L. A. Emery, Sec., Ellsworth, Me. General
Office, Rockland, Me.

European and North American 11 >.
Bangor, Me., to Vanceboro', Me. (steel), 114.3 m. ;
Stillwater Branch (Orono to Stillwater). 3.01 m.;
Enfleld Branch (Enfield to Montague), 3.03 m.— total.
120.34 miles. Chartered Aug. 20, 1860; road opened
in 1871. Leased in perpetuity April 1, 1882, to the
Maine Central RR. Co., at an annual rental of $125.-
500, the lessee assuming all liabilities. (See Manual
for 1891.) Capital stock, $2,491,000; funded debt
(see bond statement of Me. Central on p. 13), $1,000,-
000. Dividends (each 2$ p. c.) paid at office of Treas-
urer on April 3 and Oct. 3. Charles P. Stetson, Pres.;
Charles B. Wyman, Treas. & Clerk, Bangor, Me.

Hereford Ry. — Beecber Falls, Vt., to Lime
Ridge, P. Q., 53 m. ; sidings, 6.21 miles. Gauge, 4
ft. 8i in. Rail (steel). 56 Ibs. Chartered June 23,
1887; road opened May 1, 1890. Leased for 999 years,
from May 18, 1890, to the Maine Central RR. Co., at
an annual rental of $64,500, being interest on bonds.
4 p. c. dividends on stock, and $500 for organization
expenses. Capital stock (par, $100). $800.000; funded
debt, 4 p. c. 40-yr. bonds, due May 1, 1930, interest
May and Nov.. $800,000— total, $1.600.000. Principal
and interest of bonds guaranteed by the lessee. Divi-
dends payable May 1 and Nov. 1, at the office of the

Maine Central RR. Co. Trustees of bonds: Frank
Jones, William B. Ives, and William Farwell. Frank
Jones, Pres., Portsmouth, N. H.; H. B. Brown, Sec.
& Treas., Sherbrooke, P. Q. General Office, Sher-
brooke, P. Q.

Ivnox and Lincoln Ry.— Bath, Me., to Rock-
land, Me. (including ferry), 48.95 m.; sidings, etc., 7
miles. Rail (steel, 46.75 m.), 56 Ibs. Originally the
K. & L. RR. Co.; reorganized after foreclosure in
1889 as the Penobscot Shore Line RR. Co., and again
in 1891 under present title. (See Manual for 1895.)
Leased for 1,000 years, from Aug. 1, 1891, to the
Maine Central RR. Co.. the lessee assuming all
obligations on account of the bonds, and agreeing to
pay an annual rental equalling $5 per share on 2,000
shares of stock, and $200 for organization expenses.
Capital stock (par, $100), $200,000; funded debt (see
Me. Cent, bond statement), $1,656,000. Cost of road,
$1,608,433. Trustee of bonds: Boston Safe Deposit
and Trust Co. Franklin A. Wilson, Pres.; George W.
York, Treas. General Office. Portland, Me.

Portland and Ogdehsbnrgr Ry.— Portland,
Me., to Lunenburg, Vt., 109.1 miles. Rail (steel), 56
and 60 Ibs. Organized June 8, 1886, as successor to
the Portland and Ogdensburg RR. Co. (See Manual
for 1891.) Tee line from Fabyan's to Scott's, 17.7
m., was built in 1889. By the foreclosure the old
stock was extinguished, and the consolidated bonds
of Nov. 1, 1871, with coupons overdue, became the
stock of the new company. Leased for 999 years,
Aug. 20, 1888, to the Maine Central RR. Co., the
lessee assuming all liabilities and agreeing to pay
yearly dividends of 1 p. c. for the first three years,
and 2 p. c. thereafter, payable quarterly at the office
of the Treasurer of the Maine Central RR. Co., in
Portland, on the last days of Nov., Feb., May, and
Aug. Capital stock (outstanding. $4,390,968; auth.,
not issued, $1.570), $4,392.538; funded debt (see Me.
Cent, bond statement), $2,119,000— total, representing
cost of road, $6,511,538. Trustees of bonds: 6s,
Weston F. Milliken, Thomas H. Haskell, and John
Marshall Brown, Portland, Me. ; 5s, Boston Safe De-
posit and Trust Co. S. J. Anderson, Pres. ; J. W.
Dana, Treas. & Sec., Portland, Me. General Office,
Portland, Me.

Upper Coos RR.— Quebec Junction, N. H., to
Reecher Falls, Vt., 55 miles. Gauge, 4 ft. 8i in.
Steel rail, 56 and 76 Ibs. Chartered Oct., 1884; road
opened throughout in May. 1891. Leased for 999
years, from May, 1890, to the Maine Central RR. Co.,
at an annual rental of $66,685, being interest on
bonds, 6 p. c. dividends on stock, and $500 for
organization expenses. Capital stock. $350,000;
funded debt (described on page 13), $1,043,000— total,
representing cost, $1,393.000. Dividends payable May
1 and Nov. 1, at Portland. Me. ; books close 6 days in
advance. Interest payable at Boston, Mass., and
Portland. Me. George Van Dyke, Pres., Lancaster,
N. H.; T. S. McGowen, Treas., Boston, Mass.; C. B.
Jordan, Sec., Lancaster, N. H. General Office, Bos-
ton, Mass.

Board of Directors, Maine Central RR. Co., elected Oct. 20, 1897.

Franklin A. Wilson Bangror, Me.

Lucius Tuttle Boston, Mass.

Samuel C. Lawrence. Med ford, Mas?.
Wm. G. Davis Portland, Me.

Joseph S. Ricker Peering, Me.

Lewis Cass Ledyard.New York, N. Y.
Henry M. Whitney .Brookline, Mass.
Henry R. Reed Boston, Mass.

Trios. W. Hyde Bath, Me.

John Ware Waterville, Me.

Joseph H. Manley Augusta, Me.

Wm. P. Frye Lewiston, Me.

Richard Olney Boston, Mass.

FRANKLIN A. WILSON, President Portland, Me.

QEO. F. EVANS, Vice-Pres. and Gen. Manager "

Treasurer— George W. York Portland, Me. | Clerk— Josiah H. Drummond Portland, Me.

Gen. Auditor— Geo. S. Hobbs Portland, Me.

PRINCIPAL OFFICE AND ADDRESS. . . Portland, Me.

PORTLAND AND ROCHESTER RAILROAD.

Line of Road. — Portland, Me., to Rochester, N. H. (inc. mar.'way). 53.86. m.

Union Branch : Preble Street, Portland, to Maine Cent. RR. tracks 1.12 m. — 54.98 tn.

Sidings, etc., 17.99 miles. Gauge, 4 ft. 8^ in. Rail (steel, 63.55 m.), 56, 60, and. 75 Ibs.

History.— Organized March 8, 1881, and on May 1, 1881, took possession of the property
of the Portland and Rochester RR. Co., after foreclosure, the latter being itself the successor
by purchase at foreclosure of the York and Cumberland RR. The extension in Portland was
completed during the year 1891 ; the Union branch during 1892. The operations of the

16

POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.

branch are not included in this statement, as it is used only for hauling trains of the Boston
and Maine RR. to connect with the Grand Trunk Ry.

The articles of incorporation provided that whenever the company should have acquired
by transfer a majority of any class of stock, bonds or debt of the old corporation it might, for
the purpose of obtaining a perfect title to the property, file a bill in equity'" for the taking
and Appraisal of the interest of said railroad and appurtenances, property rights, franchises
and privileges held by any portion of «aid clans of stock or debt not already acquired by it."
In accordance with this provision a bill in equity was filed in Dec., 1894, and a decree
was made directing that $914.04 be paid into court in full for |400 7 p. c. bonds, $112 7 p. c.
coupons, 332 shares of stock and $481.16 stock scrip of the old P. & R. RR. Co. which were
not turned in under the plan of reorganization and the owners of which could not be ascer-
tained. The decree of the court has been performed, and the company now has a perfect
title to the property.

Rolling Stock, June 30, 1897. — Locomotives, 13. Cars — passenger, 11 ; combination, 4;
baggage, etc., 5 ; freight (box, 86 ; flat, 110 ; coal, 85 ; caboose, 5), 236 ; service, 31 — total
cars, 287. Also 2 snow-ploughs.

Operations, year ending June 30, 1897 (53.86m.) — Train mileage — passenger, 136,341;
freight, 88,879; other, 55,544— total, 280,764 miles. Passengers carried, 264,100; carried
one mile, 3,208,712; average mile rate, 2.371 cents. Tons freight moved, 239,187 ; moved
one mile, 8,846,382 ; average ton-mile rate, 1.685 cents.

Earnings— Passenger $76,11004

Freight 149,07016

Mail 8,334 31

Express 8,90467

Expenses— Conducting Transportation $42,530 44

Maintenance of Equipment 67,627 49

Maintenance Way and Buildings. 62,228 08
General 26,416 07

Total ($4,500.91 per mile) $242,41918 Total ($3,691 .08 per mile) $198,80208

Net 'earnings (17.99 p. c.), $43,617.10; add rents, etc., $2,055.27— total, $45,672.37.
Payments : Interest, $436.07 ; dividends (No. 26, July 15, 1896 ; No. 27, Jan. 15, 1897, each
3 p. c.), $35,524.22 ; taxes, $6,361.80— total, $12,322.09. Surplus for year, $3,350.28.

Profit and Loss Account, year ending June 30, 1897. — Balance, June 30, 1897, $117,-
677.70 ; surplus for year (as above), $3,350.28 ; amount collected, previously charged off,
$632 — total, $121,659.98. Contra : Credited injury fund, $3,000 ; accounts of previous years,

>; balance, June 30, 1897, $118,420.12— total, $121,659.98.
Capital stock, bonded debt, revenue, etc., for eight fiscal years ending June 30 :

*™. isa?

Bonded
Debt.

Cost RR.
& Invest-
ments.

RR.
Oper-
ated.

Gross
Earnings.

Expenses
&"Taxes.

Net Net

Earnings. Income.

Interest
Paid.

Divi-
dends
Paid.

Sur-
plus.

$

t

$

Miles.

I

$

$

$

$

$

1

1890 592,070

651,877

52.50

219,586

165,478

54,108

55,982

35,524

20,458

1891.

.592,070

651,406

52.50

242,367

194,882

47,485

49,050

"ti

35,524

7,425

1892.

.592,070

701,101

53.86

249,365

207,321

42,044

49,233

1,136

35,524

1,159

1893.

.592,070

' 9',666

825,176

53.86

260,062

212,010

48,052

56,029

983

35,524

19,522

1894.

.592,070

10,000

827,806

53.86

222,279

177,359

44,920

46,514

729

35,524

10,261

1895.

.592,070

56,500

834,176

53.86

256,449

199,631

56,818

59,555

985

35,524

23,045

1896.

.592,070

113,500

836,405

53.86

263,297

216,464

46,833

48,961

35,524

23,437

1897.

.592,070

113,500

839,343

53.86

842,419

205,164

37,255

39,310

436

35,524

3,350

Financial Statement, June 30, 1897.— Capital stock (auth., $600,000 ; shares, $100),
$592,070.45; funded debt (see below), $113,500 ; accounts payable, $1,040 ; notes payable,
$9,000; current accounts, $2,040 ; suspense account, $20,959.46; injury fund, $3,000; fund
for automatic couplers and air brakes, $3,786 ; Back Bay Land Improvement, $6,376.29 ; ac-
crued interest and bonds not returned, $1,305; profit aud loss, $118,420.12— total, $869,517.32.
Contra: Construction and equipment, $709,552.73; Union Branch, $113,469.62; real estate,
$16,319.93 ; cash, $12,328.36 ; materials and fuel, $16,817.52 ; net traffic balances, $555.16 ;
accounts receivable, $474— total, $869,517.32.

Funded debt consisted, June 30, 1897, of Portland and Rochester terminal 4 p. c. $500 coup, bonds, dated
May 4, 1892, due Oct. 1, 1907, interest April and Oct. The bonds are a first lien on the Union Branch and
terminal property connecting via the Portland and Rochester, the Grand Trunk, Maine Central, and Boston
and Maine RRs. Interest is guaranteed by the Boston and Maine, and is payable at the Casco Bank, Portland,
Me., or at the North National Bank, Boston, Mass.

Directors (elected Oct. 6, 1897).— George P. Wescott, Nathan Webb, William G. Davis,
Chas. McCarthy, Jr., Portland, Me.; Lucius Tuttle, Boston, Mass. ; Josephs. Ricker, Deering,

POOR'S MANUAL OF RAILROADS. 17

Me.; Franklin A. Wilson, Bangor, Me.; Frederick Robie, Gorham, Me.; Joseph H. Manley,
Augusta. Me. ; Samuel C. Lawrence, Medford, Mass.

GEOKGE P. WESCOTT, President Portland, Me.

Treasurer and Sec.—W. H. Conant Portland, Me. | Supt. and Purch. Agt.—3. W. Peters Portland, Me.

PRINCIPAL OFFICE AND ADDRESS Portland, Me.

PORTLAND AND RUMFORD FALLS RAILWAY.

Main Line of Road.— Rumford Junction to Rumford Falls, Me. . .52.86 m.

Otis Fall Branch : Canton to Chisliolm'a Mills, Me 10.00 m.— 62.86 miles.

Trackage • Maine Central RR. : Rumford Junction to Lewiston, Me 4.20 "

Total length of lines, June 30, 1897 67.06 miles.

Sidings, etc., 10.61 miles. Gauge, 4 ft. 8| in. Rail (steel, 70.27 m.), 56 to 70 Ibs.

History. — Organized under the Laws of State of Maine, Nov. 8, 1890 (see MANUAL for
1897). In November, 1896, the Rumford Falls and Buckfield RR. Co. was absorbed by this
company. (See MANUAL for 1896, page 18.) The Otis Fall branch was built during the past
fiscal year, but was not put in operation until about Sept. 1, 1897.

Rolling Stock, June 30, 1897. — Locomotives, 10. Cars — passenger, 5 ; baggage, etc., 4 ;
freight (box, 34 ; flat, 35 ; caboose, 2), 71 ; other cars, 44 — total cars, 124.

Operations, year ending June 30, 1897 (57.06 m.). — Train mileage— passenger, 88,863 ;
freight, 84,439 ; other, 62,755— total, 236,057 miles. Passengers carried, 95,862 ; carried one
mile, 2,859,375 ; average mile rate, 2.81 cents. Tons freight moved, 233,379 ; moved one
mile, 8,275,279 ; average ton-mile rate, 2.11 cents.

EARNINGS. 1896-97 1895-96

Passenger $66,38982 864,00957

Freight -174,85633 135,16801

Mail and Express 7,65504 7,05504

Miscellaneous 13,72298 5,07366

Total $262,624 17 $211,906 28

Total per mile 4,60259 3,71374

EXPENSES. 1896-97 . 1895-96

Conducting Transportation... $70,38934 $63.28449

Maintenance of Equipment... 19,42939 10,74199

Maintenance Way and Bldgs.. 48,55185 38,58942

General 14,80798 12,45281

Total $153,178 56 $125,068 71

Total permile 2,68451 2,19188

Net earnings, 1896-97 (41.67 p. c.), $109,445.61. Payments : Interest on bonds, $41,-
588.93 ; on debt, $8,292.18 ; rent leased line, $100 ; dividends on stock (Sept. 15 and Dec. 15,
1896, Up. c., and March 15 and June 15, 1897, 1 p. c. each), $30,000; taxes, $2,897.45—
total, $82,878.56. Surplus for year, $26,567.05.

Profit and Loss Account, year ending June 30, 1897.— Surplus, June 30, 1896, $81,-
226.92 ; surplus for year (as above), $26,567.05 ; surplus supplies, as per inventory, $2,350.99 ;
sundry accounts charged off, $33.67 — total, $110,178.63. Contra: Taxes (previous year),
$861.45 ; balance on stock purchase, $3,346 ; balance, June 30, 1897, $105,971.18— total,
$110,178.63.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,000,000 ; funded
debt (see below), $999,000 ; notes payable, $230,691.17 ; coup, accrued, not due, $13,726.67;
interest accrued, not due, $1,461.98 ; taxes accrued, not due, $1,037.35 ; bills audited, $33,-
571.48; profit and loss, $105,971. 18-total, $2,385,459.83. Contra: Construction, $1,866,-
670.53; equipment, $134,248.95 ; securities owned, $299,200; cash, $42,237.60; materials,
etc., $15,646.09 ; notes, $5,600 ; due from agents and others, $18,579.02 ; due from transpor-
tation companies, $3,277.64— total, $2,385,459.83.

Funded debt consisted, June 30, 1897, of the following issues :
6 p. c. 20-yr. $1,000 P. & R. F. Ry. bonds, due Feb. 1, 1912, int. Feb. 1 and Aug. 1 ($450,000 auth.)« ..$426,000

5 p. c. 20-yr. $1,000 P. & R. F. Ry. bonds, due Oct. 1, 1912, int. April and Oct. ($200,000 auth.) 200,000

5 p. c. 10-yr. $500 coup, funding bonds, due June 1, 1904, int. June and Dec. ($100,000 auth.) 54,000

4 p. c. 30-yr. $1,000 con. 1st mtge. gd. skg. fund bds., due Nov. 2, 1926, int. M. fc N. ($1,000,000 auth.) 319,000

The bonds of Fc&. 1, 1892, are a 1st mtge. on the line from Mechanic Falls to Rumford Falls, 42 miles;
they were issued for the purpose of paying for the extension to Rumford Falls, equipping the same, refunding
the indebtedness and purchasing the stock of the Rumford Falls and Buckfield RR. Co. The bonds Of Oct. 1,
1892, are a first lien on the Auburn extension and a lien, subject to the mtge. of Feb. 1, 1892 on the line
from Mechanic's Falls to Rumford Falls. The bonds are in coup, form, for $1,000 each, principal and interest
payable in gold at the company's agency in Boston. The company reserves the right to redeem any or all
of the mtge. bonds on any interest day on or after five years from date of their issue at 105 and interest.

2

18

POORS MANUAL OF RAILROADS — NEW ENGLAND GROUP.

Trustee of both mtges. : Old Colony Trust Co., Boston, Mass. The authorized amount of consols, is $1,000,000;
secured by mtge. to the Old Colony Trust Co., Bostcn, Mass. The proceeds of these bonds will be used in
refunding the prior lien 5 p. c. bonds, and in defraying the cost of the extension to Otis Falls, etc. On Nov.
1, 1897, the amount of consols, outstanding was $910,000. Interest on consols, payable at the company's
agency in Boston.

Directors (elected Sept. 14, 1897). — Hugh J. Chisholm, Fred. E. Richards, Payson Tucker,

B. C. Bradford, Portland, Me.; Waldo Pettengill, Gteo. D. Bisbee, Rumford Falls, Me.; Galen

C. Moses, Bath, Me.; Qeo. C. Wing, Auburn, Me.; Geo. W. Russell, Lawrence, 'Mass.; Geo.
N. Fletcher, Detroit, Mich.; Clias. D. Brown, Boston, Mass.

HUGH J. CHISHOLM, President Portland, Me.

Waldo Pettengill, Vice- President Rumford Falls, Me.

Treas. & Clerk— R.. C. Bradford Portland, Me. | Supt.— E. L. Lovejoy Rumford Falls, Me.

PRINCIPAL OFFICE AND ADDRESS Portland, Me.

Operating Office Rumford Falls, Me.

ST. JOHNSBURY AND LAKE CHAMPLAIN RAILROAD COMPANY.

Main Line of Road.— Lunenberg, Vt., to Maquam Bay, Vt. . . ,120.00 m.

Victory Branch : North Concord, Vt., to East Haven, Vt 11.50 m. — 131.50 miles.

Sidings, etc., 23.46 mile*. Gauge, 4 ft. 8i in. Rail (steel, 139.03 m.), 56 to 60 Ibs.

History. — Reorganization (January 31, 1880) of the Vermont Division of the Portland
and Ogdensburg RR. Co. (See MANUAL for 1891.) •

Rolling Stock, June 30, 1897. — Locomotives, 6. Cars — passenger, 1 ; baggage, etc., 4 ;
freight (box, 116 ; flat, 61 ; stock, 5 ; refrigerator, 3 ; caboose, 7), 192 ; other cars, 6 — total,
203.

Operations, year ending June 30, 1897. — Train mileage — passenger, 186,721 ; freight,
495,108 ; mixed, 42,339 ; other, 5,038— total, 729,206 miles. Passengers carried, 144,384;
carried one mile, 3,024,405 ; average mile rate, 2.20 cents. Tons freight moved, 443,378 ;
moved one mile, 33,889,400; average ton-mile rate, 0.80 cent.

Earnings— Passenger $66,535 72

Freight 269,946 03

Mail and Express 16,063 48

Miscellaneous 1,100 00

Expenses— Conducting Transportation $263,684 33

Maintenance of Equipment 24,930 94

Maintenance Way and Buildings. 90,353 51
General 11,018 12

Total ($2,689.32 per mile) §353,645 23 Total ($2,965.68 per mile) $389,986 90

Deficit from operations, $36,311.67 ; miscellaneous income, $3,497.63 — net deficit, $32,-
844.05. Charges: Interest on bonds, $66,400 ; taxes, $8,669.29— total, $75,069.29. Deficit
for year, $107,913.34; deficit forward, $934,418.76— total ($1,042.332.10, plus sundry accounts
charged off, $45,396.11), $1,087,728.21.

Statement of income,

etc. , for eight fiscal years ending June 30 :

RR.

Pass.

Freight

Other

Total

Operat-

Net Tnteroct

Gross

Gross

Net

Exp. to

YEARS. Oper-

Earn-

Earn-

Earn-

Earn-

ing Ex-

"Fa interest

Earn's

Exp.

Earn'gs

Earn-

ated.

ings.

ings.

ings.

ings.

penses.

ings Charges.

p. Mile.

p. Mile.

p. Mile.

ings.

Miles.

$

m

$

$

$

* $

$

$

$

p. c.

1890.

.131.50

71,509

310,690

13,615

395,814

384,065

11,949 38,050

3,009.91

2,920.64

89.27

97.03

1891.

.131.50

75,488

298.226

13,889

387,603

381,170

6,433 38,050

2,947.55

2,898.63

48.92

98.34

1892.

.131.50

74,734

301,676

13,793

390,203

404,979

d. 14,776 38,050

2,967.32

3,079.69

d.112.37

103.78

1893.

.131.50

74,090

277,822

13,777

365,689

407,075

d. 41,386 38,050

2,780.90

3,095.65

d.314.75

111.31

1894.

.131.50

77,018

248,167

15,938

341,123

349,914

d. 8,791 47,500

2,594.09

2,660.95

d. 66.86

102.58

1895.

.131.50

69,214

270,412

16,563

356,189

343,040

13,149 66,400

2,708.66

2,608.67

98.48

96.31

isofi

.131.50

74,439

269,828

13,457

357,724

367,525

d. 9,801 66,400

2.720.31

2.794.96

d. 74.65

102.74

1897-;.

.131.50

66,536

869,946

17,163

353,646

389,987

d. 36,342 66,400

2,689.32

2,965.68

d.276.36

110.27

General Balance Sheet, June 30, 1897.

Cost of Road §4,645,224 88

Cost of Rolling Stock 151,567 53

Stock Held for Old Bonds 247,150 00

Dock Property 29,623 96

Land at Maquam Bay 81,600 24

Materials and Fuel on Hand 69,723 74

Cavil on Hand 26,661 71

Bills and Accounts 14,436 49

Profit and Loss 1,087,728 21

Total Assets ; $6,353,716 76

Common Stock ($50 shares)

Preferred Stock ($50 shares)

Funded Debt Outstanding

Current Accounts

Accrued Interest

Accrued Taxes

Boston and Maine RR. Advances

.$2,550,000 00

. 1,298,500 00

. 2,328,000 00

51,019 14

22,133 33

4,200 00

99,864 29

Total Liabilities $6,353,716 76

POOR'S MANUAL OF RAILROADS. 19

Funded debt consists of 1st mtge. 5 p. c. 50-yr. $1,000 gold coup, bonds, due March 1, 1944, interest
March and Sept., at the company's office, Boston, Mass. These bonds were issued to retire prior liens, to fund
the floating debt, and for other purposes, and are authorized in amount to $2,500,000. Of the amount out-
standing ($2,328,000), $1,328,000 are guaranteed by the Boston and Maine RR. Co,

Preferred stock is entitled to 6 p. c. dividend before common stock. Of the total amount
of capital stock, $247,150 is reserved to meet bonds of the old company which have not yet
been presented under the reorganization of 1880. Interest on bonds is payable at Co.'s office,
Boston.

Directors (elected Sept. 14, 1897).— George W. Hendee, Morriaville, Vt.; H. E. Folsom,
Lyndonville, Vt.; Henry R. Reed, Lucius Tuttle, Boston, Ma->s. ; S. C. Shurtleff, Montpelier,
Vt.; C. S. Page, Hyde Park, Vt.; S. C. Lawrence, Medford, Mass; C. E. A. Bartlett,
Chelmsford, Mass.; C. H. Stevens, St. Johnsbury, Vt.

C. E. A. BARTLETT, President and Cashier Boston, Mass.

Sec. & TVecw.— George W. Cree St. Johnsbury, Vt. | Gen. Auditor— William J. Hobbs Boston, Mass.

PRINCIPAL OFFICE Boston, Mass.

BARRE RR.— Tilden Bridge to Ayer St., in Barre, Vt., 2 m. (leased to Montpelier and Wells River
RR. Co.) ; Ayer St., Barre, Vt., to Mill Stone Hill and sundry spurs to granite quarries, 25 m.— total, 27 miles.
Gauge, 4 ft. 8J in. Rail (steel), 56 and 60 Ibs. Organized in Vermont, April 9, 1888 ; road opened in 18S9. Loco-
motives, 4. Cars— freight (flat, 74 ; refrigerator, 1), 75 ; other, 1— total. 76. Of the flat cars, 34 are leased.

Operations, two years ending June 30, 1895.— Passengers carried. 34,999 ; carried one mile, 139,996. Tons
moved, 167,783 ; ton-miles, 671,132. Earnings (passenger, $5,060 ; freight, $76,617 ; other, $1,815), $83,493.
Operating expenses, $47,683. Net earnings, $35,810. Payments : Interest on bonds, $15,000 ; other interest,
$2,045 ; taxes, $2,246— total, $19,291. Surplus, $16,519.

Financial Statement, June 30, 1895.— Capital stock (anth., $80,000 ; shares, $100), $75,030 ; funded debt
(6 p. c. note issued April 30,1891, payable on demand), $130,000; current liabilities, $90,493: profit and loss,
$33.263— total. $328,786. Contra: Cost of road, etc., $296,900; real estate, $16,275; cash and current assets,
$14,250; other assets, $2,361— total, $328,786.

Directors (elected May, 1896).— A. D. Morse, E. L. Smith, John Trow, P. W. Stanyan, Barre, Vt.; W. A.
Stowell, Montpelier, Vt. OFFICERS : A. D. MORSE, Pres.; W. A. Stowell, Vtce-Pres. & Man. Dir., Montpelier,
Vt.; F. W. Stanyan, Treas. A Gen. Supt., Barre, Vt. GENERAL OFFICE, Barre, Vt.

BOSTON, REVERE BEACH AND LYNN RR.— E. Boston to Lynn, Mass., 8.8 m.; E. Boston
to Winthrop, Mass., 4.4 m.— total. 13.2 m.; total track (steel ; 50 Ibs.), 26.45 mil«s. Gauge, 3 ft. Consolidation,
July 1, 1891, of B., R. B. & L. and B., Winthrop and Shore RRs. (See MANUAL for 1892.) Connection with Bos-
ton by ferry. Locomotives, 9. Cars— passenger, 51 ; other, 18— total, 69. Ferry-boats, 2.

Operations, year ending Jane 30, 1897.— Trains run (passenger, 287,265 ; other, 2,555), 289,820 miles. Pas-
sengers carried, 2,368,219 ; carried one mile, 12,432,155. Earnings (passenger), $221,638. Operating expenses,
$183,838. Net earnings, $3r,800 ; other receipts, $42,892— total, $80,692. Payments: Interest on bonds, $35,450 ;
other interest, $13,221 ; dividends (July 1, 18%, and Jan. 1 and July 1, 1897, 1 p. c. each), $25,500 ; taxes, $6,276
—total, $80,448. Surplus, $244 ; surplus forward, $57,146— total, $57,390.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $850,000 ; funded debt, 1st mtge. 6p. c.
20-yr. $1,000 coup, bonds, due July 15, 1897, interest Jan. 15 and July 15, $350,000; 1st mtge. (B., W. & S.) 5 p. c.
20-yr. $1 ,000 coup, bonds, due Sept. 1, 1906, interest March and Sept., $289,000 ; bills, $330,392 ; accounts, $18,196 ;

mtge. 4J p. c. 30-yr. gold bonds, the proceeds of which were used in retiring the $350,000 1st mtge. 6s. due on
that date, and the balance is reserved for funding the company's floating debt. Interest on bonds payable as
follows : on 5s. of l'J08 at Boston National Bank ; on new 4Js. at office of State Street Trust Co., Boston, Mass.
Trustees of existing mtges.: 5s., International Trust Co., Boston, Mass.; 4*8., State Street Trust Co.. Boston,
Mass. Dividends Jan. 1 and July 1 at treasurer's office ; 41 paid to close of last fiscal year. A dividend of 1
p. c. was paid in Jan., 1898.

Directors (elected Nov. 18, 1897).— Melvin O. Adams, John A. Fenno. Henry R. Reed, Boston, Mass.; A.
F. Breed. H. F. Hurlburt, Lynn, Mass.; E. B. Stoddard, Worcester, Mass.; J. S. Kicker. Portland, Me. OFFI-
CERS : MELVIN O. ADAMS, Pres.; John A. Fenno, Treas. & Svpt., Boston, Mass. GENERAL OFFICE : Boston,
Mass.

BRIDO-TON AND SACO RIVER RR.— Bridgton June, to Bridgton, Me., 16 m.; total track (steel ;
30 Ibs.), 17 miles. Gauge, 2ft. Organized July 19, 1881 ; roaa opened Jan. 29, 1883. Locomotives, 3. Cars— passen-
ger, 2 ; baggage, 1 ; freight (box, 10 ; flat, 17), 27 ; caboose, 1— total, 31.

Operations, year ending J line 30, 1897.— Trains run (mixed, 29,215; other, 1,200), 30.415 miles. Passen-
gers carried, 13,745; carried one mile, 200,677. Tons moved, 14.303 ; ton-miles, 215,591. Earnings (passenger,
$9,482 ; freight, $14,853 : other, $4,070), $28,405. Operating expenses, $19,020. Net earnings, $9,386. Pay-
ments : Interest on bonds, $6,390 ; other interest, $54 ; dividends (2 p. c. paid June 26, 1897), $1,800 ; taxes, $204—
total, $8,448. Surplus, $937 : surplus forward, $8,427— total, $9.364.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $90,000 ; funded debt (1st mtge. 6 p.
c. 20-yr. $100, $500, and 81,000 conp. bonds, due Sept. 1, 1902, $80,000 ; 2d mtge. 6 p. c. 20-yr. coup. $100, $500,
and $1,000 bonds, due March 1, 1904, $26,500), $106.500 ; accounts, $2,396 ; accrued interest, $2,211 ; surplus,
$9.364— total, $210,472. Contra : Cost of property, $204.651 ; materials, etc., $609 ; bills and cash. $5,212— total,
$210.472. Interest payable March and Sept., at Portland, Me. Voting power attaches to stock after one day's
ownership. Trustees of bonds : H. M. Payson and Byron D. Verrill, Portland, Me.

Directors (elected Nov. 17, 1897) —Wm. F. Perry, A. H. Burnham, J. A. Bennett, Samuel S. Fuller, Bridg-
ton, Me.; Almon Young, Hiram, Me. ; Ed. Kimball, No. Bridgton, Me.; Albert A. Ingalls. So. Bndzton, Me.
OFFICERS: WILLIAM F. PERRY, Pres.; P. P. Buraham, Treas.; J.A.Bennett, Sec. & Supt., Bridgton, Me.
GENERAL OFFICE : Bridgton, Me.

BRISTOL RR.— Bristol to New Haven June., Vt., 6.26 m.; total track (steel : 56 and 60 Ibs.1), 6.82 miles.
Gauge, 4 ft. 8J in. Incorp. 1883 ; road opened Jan. 5, 1892. Locomotive, 1. Cars -passenger, 1 ; box, 1— total, 2.

20 P6OR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.

Operations, year ending Dec. 31, 1896.— Gross earnings, $12,789. Operating expenses, $10,347. Net earn-
ings, $3,442 ; other receipts, $100— total, $2,542. Paid interest, $4,000. Deficit, $1,458 ; surplus forward, $4,219 ;
net surplus, $2,761.

Financial Statement, Dec. 31, 1896.— Capital stock (shares, $100), $100,000 : funded debt (1st mtge. 4 p.
c. 30-yr. $1,000 coup, bonds, due July 1, 1921, interest Jan. and July, at Clement National Bank, Eutland, Vt.),
$100.000; accounts, $437; coupons unpaid, $3,000 ; profit and loss, $2,761— total, $205.198. Contra: Cost of
road, etc., $200,000; securities owned, $4,097 ; cash accounts, etc., $1,101— total, $205,198. Trustee of mtge.:
State Tract Co., Rutland, Vt.

Directors (elected July 31, 1897).— P. W. Clement, H. G. Smith, Ralph Denio, Rutland, Vt.; E. B. Patter-
son, Bristol, Vt: W. N. Gove, Lincoln, Vt. ; C. M. Wilds, Middlebnry, Vt. ; Waldo P. Clement, New York, N. Y.
OFFICERS : P. W. CLEMENT, Pre«.; H. G. Smith, Treas., Rutland, Vt.; H. E. Scott, Svpt. & Clerk, Bristol, Vt.
GENERAL OFFICE, Rutland, Vt.

GAPE ANN GRANITE RR.— Gloucester to Pigeon Cove Harbor, Rockport, Mass., 1.44m.; total
track (steel; 60 Ibs.), 2.22 miles. Gauge, 4 ft. 8} in. Chartered Sept. 26, 1894; road opened July 1, 1895. Loco-
motive, 1. Cars (flat), 15.

Operations, year ending June 30, 1897.— Trains run (freight), 6,192 miles. Tons moved, 120,674; ton-
miles, 173,288. Earnings (freight), $7,844. Operating expenses, $6,499. Net earnings, $1,345. Payments: Inter-
estand discount, $1,018; taxes, $302— total, $1,320. Surplus, $25; surplus forward, $262— total, $287.

Financial Statement, June 30, 1897— Capital stock (shares, $100), $20,000; loans and notes payable.
$8,568; profit and loss, $287— total, $28,855. Contra : Cost of road, $18,068; equipment, $10,500; ca*h, $287—
total, $28,856.

Directors. — Jonas H. French, Gloucester, Mass.; Geo. E. Craig, Walpole, Mass. ; William H. Pearson,
Boston, Mass.; Edward O. Merrill, Maiden, Mass.; Arthur P. Friend, Newton, Mass. OFFICEBS: JONAS H.
FRENCH, Pres. & Gen. Man.; Geo. E. Craig, Treas. & Clerk, Boston, Mass. GENERAL OFFICE, 40 Water St.,
Boston, Mass.

CLARENDON AND PITTSFORD RR.— Pittsford to West Rutland, Vt., 10m.; leased— Pittsford
and Rutland RR., 1.78 m. ; total track (steel; 60 and 70 Ibs.), 13.28 miles. Gauge, 4 ft. 81 in. Incorp. Sept. 10,
1885; road opened July, 1886. Locomotives, 3. Cars— flat. 124: other, 2— total, 126.

Operations, year ending June 30, 1897.— Passengers carried, 825; carried one mile, 2,475. Tons moved,
94,500; ton-miles, 425,250. Earnings (passenger, $29; freight, $22.876), $22,906. Operating expenses, $16.470.
Net earnings, $6,436. Paid interest and taxes, $660. Surplus, $5,776; surplus forward. $27,069— total, $32.845.

Financial Statement. June 30, 1897.— Capital stock (shares, $100), $120,000; current accounts, $20,821;
profit and loss, $32,845— total, $173,665. Contra: Cost of property, $170,393; cash, $3,273— total, $173,665.

PITTSFORD AND RUTLAND RR.— Centre
Rutland to Rutland, Vt., 1.78 m.; sidings, 0.52 mile.
Rail (steel), 72 Ibs. Gauge, 4 ft. 8J in. Organized
May 26, 1890. Built in 1890 to connect the Benning-
ton and Rutland and Clarendon and Pittsfield RRs.

Leased July 2, 1890 to the C. & P. Ry. Co. Capital
stock, $30,000. Edmund R. Morse, Pres., Proctor,
Vt.; Edw. D. Bennett, Vice-Pres., Bennington, Vt.;
H. A. Harman, Sec. & Treas., Rutland, Vt. Cor-
porate Office, Rutland, Vt.

Directors, C. & P. Ry. Co. (elected Sept. 10, 1897).— F. D. Proctor, F. C. Partridge, Redfield Proctor, E.
R. Morse, Proctor, Vt.; S. A. Howard, W. R. Page, Rutland, Vt.; C. J. Smith, Boston, Mass. OFFICERS:
FLETCHER D. PROCTOR, Pres.; Redfield Proctor, 1st Vlce-Pres.; E. R. Morse, Treas.; F. C. Partridge, Sec. &
Gen. Counsel; W. M. Brooks, And., Proctor, Vt.; Geo. C. Robinson, Gen. Svpt., West Rutland, Vt. GENERAL
OFFICE, Proctor, Vt.

FRANKLIN AND MEG ANTIC RR.-Strong to Kingfield, Me., 15 m.; branch, Mt. Abram June,
to Mt. Abram, Me., 1.7m.- total, 16.7 miles. Operated: Kingflem and Dead River RR. (see below), 10 miles.
Total operated, 26.7 miles. Sidings, 0.5 mile. Rail— iron, 40 Ibs; steel (25 m.) 25 and 35 Ibs. Gauge, 2ft.
Chartered July 1, 1884; road opened in 1886. Since Aug. 15, 1897, the road has been operated by the first mort-
gage bond holders pending foreclosure of the mortgage. Locomotives, 2. Cars— passenger, 1; baggage, etc., 1;
freight (box, 7; flat, 21; log, 4), 32; other, 8— total cars, 42.

total, $3,315. Charges: Interest on bonds, etc. (accrued), $5,176 ; other interest (paid), $371 ; taxes, $50 ; perma-
nent improvements, $231— total, $5,834. Deficit, $2,519.

Financial Statement, JuneSO, 1897.— Capital stock (auth., $50,000; shares, $50), $43,225; funded debt
(1st mtge. 6 p. c. 10-yr. $500 and $1,000 coup, bonds, due Sept. 15, 1904, interest March 2 and Sept. 15, $50,000; 2d
mtge. 6 p. c. 10-yr. bonds, due Nov. 15, 1895, interest May and Nov. 15; authorized, $30,000; outstanding, $3,000),
$53,000; bills and accounts, $6,490; coupon interest to July 1, 1897, $40,467; equipment notes with interest to
July 1, 1897, $27,242— total, $170,424. Contra: Cost of road, etc., $121,224; securities owned, $2r700; materials,
etc., $500; 2d mtge. bonds owned by company and pledged to secure mtge., $27,000; cash and accounts, $2.098;
profit and loss, $16,902— total, $170,424. Coupons payableat Faneuil Hall National Bank, Boston, Mass. Trustees
ofbonds: 1st mtge., F. D. Mead, Adelbert Mead, Boston, Mass., and Philip H. Stubbs, Strong, Me.; 2d mtge.,
Philip H. Stubbs, Strong, Me. Since the close of the fiscal year a new refunding mtge. has been executed to the
Portland Trust Co., Portland, Me., trustee, to secure an issue of $150,0005 p. c. 20-yr. bonds, due July 1, 1917; in-
terest Jan. 1 and July 1, at trustee's office or Shawmut National Bank, Boston, Mass. The proceeds of these
bonds will be used in paying off the existing bond and other indebtedness of the company.

KINGFIELD AND DEAD RIVER RR.— King-
field to Carrabasset, Me., 10 miles. Gauge, 2 ft.
Rail (steel), 35 Ibs. Chartered June 19, 1893; road
opened Aug. 1, 1894. Operated by the Franklin and
Megantic RR. Co. (in whose statement operations are
included), but no definite arrangements yet made.
Financial Statement, July 1. 1897.— Capital stock
(auth., $30,000; shares, $50), $27,062; funded debt (1st
mtge. 5 p. c. 20-yr. $500 bonds, dated Nov. 1, 1893,

interest May and Nov. at Boston, Mass.), $30,000;
bills payable, $8,021; interest, $5,500; suspense ac-
count, $5,<49; loans, $3,503; audited accounts, $671—
total, $80,20e. Contra: Construction, $69,237; Frank-
lin and Megantic RR. operating account, $5,449; bills
receivable, $21; profit and loss, $5,500— total, $80.206.
Trustee of bonds: International Trust Co., Boston,
Mass. Varnum B. Mead, Pres. & Treas., Boston,
Mass.; Philip H. Stubbs, Sec., Strong, Me.

Directors (F. & M. RR.).— Philip H. Stubbs, Strong, Me.; John Winter, Orren Tufts, Kingfield, Me. ;
W. S. Heath, Salem, Me.; John O. Teele, Boston, Mass. OFFICERS: JOHN WINTER, Pres., Kingfield, Me.;
Philip H. Stnbbs, Sec. <t Treas., Strong, Me. ; Geo. M. Vose, Supt., Kingfield, Me. GENERAL OFFICE, Strong, Me.

GEORGE'S VALLEY RR.— Warren to Union, Me., 8 m.; branch: main line to Lime Kiln, 0.50
m.— total, 8.5 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Organized Aug. 10, 1889; road opened in Dec., 1893.
Locomotives, 2. Cars — combination, 1 ; freight (flat), 4— total, 5.

Operations, year ending June 30, 1897.— Trains run (mixed), 15,337 miles. Passengers carried, 4,422; car-
ried one mile, 31.561. Tons moved, 15,558; ton-miles, 71,269. Earnings (passenger, $2,006; freight, $7,993; other,
$644), $10,643. Operating expenses, $6,864. Net earnings, $3,779. Payments: Interest on bonds, $3,000; other
interest, $248; taxes, $128; other payments, $187— total, $3,563. Surplus, $216; deficit forward, $70,270; net
deficit, $70,054.

POOR'S MANUAL OP RAILROADS.

21

Financial Statement, June 80, 1897.— Capital stock (shares, $100), $100,000; fnriBed debt (1st mtge. 6
p. c. 20-yr. bonds, due 1913, interest Jan. and July), $50,000; accounts, $5,567— total, $155,567. Contra : Cost of
property, $85,164; cash and current assets, $585; profit and loss, $69,818— total, $155,567.

Directors.— Wm. W. Case, Wm. T. Cobb, A. F. Crockett. S. M. Bird, Rockland. Me.; James Mitchell, J.
M. Robbins, Union, Me. ; I.e. Thurstou, So. Union, Me. OFFICERS: JAMES MITCHELL, Pres. & Gen. Man.;
W. S. Mitchell, Sec. & Treas.. Union, Me. GENERAL OFFICE, Union, Me.

GBAFTON AND UPTON BB.— North Grafton to Milford, Mass., 16.50 m. ; total track (50-lb. steel
rail), 19.5 miles. Gauge, 4 ft. 8£ in. Successor, Feb., 1888, to the Grafton Centre RR. Co. Extension to Milford
opened May 17, 1890. (See MANUAL for 1891.) Locomotives, 3. Cars— passenger. 4 ; baggage, etc., 2 ; flat, 1—
total, 7.

Operations, year ending June 30, 1897.— Trains run (passenger, 20,288 ; freight, 4,002 ; mixed, 19,968 ;
other, 936), 45,194 miles. Passengers carried, 84,554 ; carried one mile, 549,601. Tons moved, 41,880 ; ton-miles,
251,280. Earnings (passenger, $21,521 ; freight, $22,522 ; other, $4,504), $48,547. Operating expenses, 189,890. Net
earnings, $18,656 ; other receipts, $379— total, $19,036. Payments : Interest on bonds, $10,900 ; taxes, $49 ; divi-
dends (4 p. c. paid Aug. 14, 1897), $10,000— total, $20,949. Deficit, $1,913 ; surplus forward, $15,347 ; net surplus,
$13.433.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $250,000 ; funded debt (1st mtge. gold
4 p. c, [reduced from 6 p. c.] 20-yr. $1,000 coup, bonds, due Nov. 1, 1912, interest May and Nov., $250,000 ; 2d
mige. 5 p. c. 20-yr. $500 coup, bonds, due July 1 , 1913, interest Jan. and July ; authorized, $50,000 ; outstanding,
$18,000), §2fi8,000 ; surplus, $13,433— total, $531,433. Contra ; Cost of property, $518,000 ; cash, $13,433— total,
$531,433. Trustees : 1st mtge., Boston Safe Deposit and Trust Co. ; 2d mtge., Lynn Safe Deposit and Trust Co.

Directors (elected Nov. 1, 1897).— Edward P. Usher, Grafton, Mass. ; Frank W. Morse, Albert G. Morse,
Boston, Mass. ; George W. Knowlton, West Upton, Mass. ; Henry B. Sprague, Lynn, Mass. ; Ezra H. Winchester,
Portsmouth, N. H. ; William F. Draper, Hopedale, Mass. OFFICERS : EDWARD P. USHER, Preg., Grafton, Mass. ;
Henry B. Sprague, Yice-Pres., Lynn, Mass.; Albert G.Morse, Sec. & Treat., Boston, Mass.; Levi W.Moore,
Gen. Supt., Milford, Mass. GENERAL OFFICE, Grafton, Mass.

HABDWICK AND "WOODBUBY BB.— Buffalo Road to Woodbury Quarries, Vt., 7m. ; branch:
Holton Summit to Fletcher Granite Quarries, Vt., 0.75 m.; leased, St. J. & L. C. RR. : Granite June, to
Buffalo Road, 1.75m.— total operated, 9.5 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Jbs. Chartered March Ifi,
1895 ; road opened in July, 1896. Locomotive, 1.

Operations, year ending June 30, 1897.— Trains run (mixed, 1,450 ; other, 2,950), 4,400 miles. Passengers
carried, 226 ; carried one mile, 2,147. Tons moved, 6,675 ; ton-miles, 55,552. Earnings (passenger, $51 ; freight,
$3,446), $3,497. Operating expenses, $3,657. Deficit from operations, $160 ; miscellaneous receipts, $33 ; net
deficit, $127.

Financial Statement, June 30, 1897.— Capital stock (shares, $25), $49,100; bills payable, $2,000;
accounts, $640— total, $51,740. Cmitra : Cost of road, etc., $50,332 ; materials, etc., $250 ; accounts, $303 ; cash,
$727 : profit and loss, $127— total, $51,740.

Directors (elected March 16, 1897).— W. H. Fnllerton, Manchester, Vt. ; E. H. Blossom, St. Johnsburr,
Vt. ; Geo. M. Powers, Morrisville, Vt. ; Chas. W. Leonard, Boston, Mass. ; John S. Holden, Bennlneton, Vt. ;
A. S. Richardson, E. R. Fletcher, St. Albar.s, Vt. OFFICERS : JOHN S. HOLDEN, Pre/t., Bennington, Vt. ; Geo.
M. Powers, Vice-Preg., Morrisville, Vt. ; Geo. H. Bickford, Treas., Bennington, Vt. : D. VF. Holden, Clerk,
Hardwick, Vt.; E. H. Blossom, Gen. Man., St. Johnsbury, Vt. GENERAL OFFICE, St. Johnsbury, Vt.

HOOSAC TUNNEL AND WILMINGTON BB.— Hoosac Tunnel, Mass., to Wilminton, Vt., 25
miles. Rail (steel), 30, 56, and 60 Ibs. Gauge, 3ft. Consolidation, Jan. 1, 1892, of the Hoosac Tunnel and Wil-
mington RR. Co. and the Deerfield Valley RR. Co. (See MANUAL for 1892.) Locomotives, 6. Cars— passenger,
8 ; freight (box, 50 ; coal, 14 ; flat, 53), 117 ; other, 1— total, 126.

Operations, year ending June 30, 1897.— Trains run (passenger, 11,136 ; freight, 5,520 ; mixed, 10,434),
27,090 miles. Passengers carried, 17,722; carried one mile, 239,801. Tons moved, 31,978; ton-miles. 607,303.
Earnings (passenger, $8,380 ; freight, $38,517 ; other, $2.954), $49,851. Operating expenses, $32,930. Net earn-
ings, $16.920. Payments : Interest on bonds, $8,800 ; other interest, $2,913 ; dividends (1 p. c. paid Dec. 31,
1896), $2,500 ; taxes, $518— total, $14,731. Surplus, $2,190; surplus forward, $5,106— total, $7,296.

Operations, etc., for eight fiscal years ending June 30, 1890-97, inclusive ;

YEARS.

Earn-

Operat-
ing Ex-

Net
Earn-

Miscel-
laneous

Total
Earn-

Taxes.

Inter-

ings.

penses.

ings.

Earnings.

ings.

est.

S

$

$

%

$

$

$

1890 ...

18,421

9,896

8,525

8,525

139

3,359

1891

22,352

15,208

7,144

7,144

104

4,060

1892

31.269

21,561

9,708

'•KS

10,466

304

6,796

1893

37,478

26,698

10,780

1,198

11,978

479

11,295

1894

37.026

27,630

9,396

3,075

12,471

306

11,220

1895

46,731

29,760

16,971

2,774

19,745

702

11,437

1896

56,147

38,377

17,170

659

18,429

504

12,612

1897

49,851

32,930

16,920

16,920

518

11,713

* Rentals.

Div

Rentals
and

Total

Net

dene

'• Miscel.

ments

In com

$

$

$

$

*4,032

7,530

995

*1,944

6,108

1,03d

*1,146

8,246

2,220

11,774

204

11,526

945

(1) 2',50<

) 2,415

17,054

2,691

(1) 2,50(

) 2,425

18,041

388

(1)2,5(X

>

15,249

2,190

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $250,000 ; funded debt, $176.000 ; bills
payable, $68,000 ; accounts, $7,806; accrued interest, $2,933; surplus, $7,296— total, $512,035. Contra: Cost of
property, $485,623 ; materials, etc., $220: bills, accounts, and cash, $26,192— total, $512,035. Funded debt out-
standing consists of $176,000 (auth., $250,000) 1st mtge. 5 p. c. 30-yr. $1,000 coup, and registered bonds, due Sept.
1, 1922, interest March and Sept., at the office of the trustee, the Old Colony Trust Co., Boston, Mass. These
bonds are secured by mortgage on the entire property of the company.

Directors (elected Nov. 8, 1897).— Daniel H. Newton, Moses Newton, James Ramage, John C. Newton,
Ilolyoke, Mass.; Walter H. Draper, Wilmington, Vt. OFFICERS : DA.NIBL H. NEWTON, Pres.; James Ramage,
Vice-Pres.; John C. Newton, Treas., Ilolyoke, Mass.; W.'H. Draper, Sec. & Aud., Wilmington, Vt. GENERAL
OFFICE, Wilmiijgton, Vt.

KENNEBEC CENTBAL, BB.— Randolph to Togus, Me., 5 m.; 25-lb. steel rail. Gauge, 2 ft. In-
corp. Oct. 3, 1889 ; road opened July 1, 1890. Locomotives, 2. Cars— passenger, 4 ; baggage, 1 ; freight (box, 2 ;
flat, 6), 8— total, 13.

Operations, year ending June 30, 1897.— Trains run (passenger, 13,765 ; mixed, 2,665 ; other, 4,300), 20,730
miles. Passengers carried, 38,121 ; carried one mile, ia^.586. Tons moved, 6,342; ton-miles, 31,710. Earnings
(passenger, $5,909; freight, $8,446; other, $708), $15,064. Operating expenses, $9,991. Net earnings, $5,072;
other receipt*, $190— total, $5,2G2. Payments : Interest on bonds, $1,500 ; other interest, $290 ; dividends (5 p.
c. Oct. 1, 1896), $2,000 ; taxes, $189— total, $3,980. Surplus, $1,283 ; surplus forward, $6,363— total , $7,645.

Financial Statement, June 30, 1897.— Capital stock (auth., $50,000 ; shares, $100), paid in, $40,000 ; ad-
vance on stock not issued, $1.250; funded debt (1st mtge. 5 p. c. 20-yr. $1,000 coup, bonds, due Nov. 15,1910, inter-

22 POOR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.

est May and Nov. ; auth., $40,000), $30,000 ; bills payable, $4,000 ; current accounts, $1,437 ; accrued interest not
yet payable, $147 ; profit and loss, $7i645— total, $84.380. Contra: Cost of property, $81,579 ; materials, $27', ;
accounts, $550 ; cash, $1,975— total, $84,380. Dividends payable yearly, Oct^l ; six paid to date. Trustee of bonds :
Maine Trust and Banking Co., Gardiner, Me., at whose office interest is payable.

Directors (elected Sept. 20, 1897).— Weston Lewie, A. C. Stilphen, J. S. Maxcy, F. S. Thome, Fuller Ding-
ley, Gardiner, Me. OFFICERS : WESTON LEWIS, Pres.; P. H. Winslow, Treas.; H. S. Webster, Sec.; A. C. Stfl-
pben, Aud. & Gen. Counsel, Gardiner, Me. GENERAL OFFICE, Gardiner, Me.

LIME ROCK RR.— In and around the city of Rockland, Me., 12.36 miles. Rail (steel, 7.91 m.), 56 Ibs.
Gauge, 4 ft. 8i in. Organized in 1864 ; charter amended in 1873, 1887, and 1889. Locomotives, 3. Freight cure
(flat, 12 ; dump, 401), 413; caboose, 1— total, 414.

Operations, year ending June 30, 1897.— Tons moved, 236,122. Earnings (freight), $71,386. Operating
expenses, $29,167. Net earnings, $42,219 ; other income, $4,252 — total, $46,472. Payments : Interest on bonds,
$->0.457 ; other interest, §3,023 ; taxes, $1,310 ; dividend (H p. c. paid Feb. 15, 1897), $6,750— total, $31,541. Sur-
plus, $14,930 ; surplus forward, $12,390— total ($27,320 ; less deductions for year, $6,000), $21,320.

Financial Statement, June 30, 1897.— Capital stock (auth., $450,000; shares, $100) paid in, $48,000 ;
funded debt (1st mtge. 5 p. c. 20-yr. bonds, due 1908, interest April and Oct., $231,000 ; 2d mtge. 6 p. c. 10-yr.
bonds, due 1901, interest Jan. and July, f 150,000), $381,000; depreciation account, $33,070 ; contingent fund,
$11,276; surplus fund, $36,000 ; accounts, $53,728 ; profit and loss, $21,320— total, $584, 394. Contra: Cost of

rand, S. M. Bird, N. F. Cobb, Rockland, Me. OFFICERS : WM. T. COBB, Pres.; H. N. Pierce, Sec. & Treat.;
R. L. Fogg, Gen. Supt., Rickland, Me. GENERAL OFFICE, Rockland, Me. .

MONSON RR.— Monson Jet. to Monson, Me., 6.16m.; Monson to Slate Quarries, 2 m.; total track (steel ;
30 Ibs.), 9.16 miles. Gauge, 2 ft. Incorp Nov. 1, 1882 ; road opened Oct. 22, 1888. Locomotives, 2. Cars— pas-
senger, 1 ; freight (box. 8 ; flat, 8), 16 ; other, 2— total, 19.

Operations, year ending June 30, 1897.— Trains ran (mixed, 15,000 ; other, 900), 15,900 miles. Passengers
carried, 3,565 ; carried one mile, 21,960. Tons moved, 7,897 ; ton-miles, 48.645. Earnings (passenger, $1,205;
freight, $5,205 ; other, $396), $6,808. Operating expenses, $5.124. Net earnings, $1,684 ; other receipts, $16—
total, $1,700. Charges: Interest on bonds, $4,200: other interest, $475; taxes, $99— total, $4,773. Deficit,
$3,074.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $70,000 ; funded debt (1st mtge. 6 p. c.
20-yr. $1,000 coup, bonds, due April 1, 1904, interest April and Oct. at Appieton Nat. Bank, Lowell, Mass.), $70,-
000; bills payable, $7,121 : unpaid coupons, $53.492— total, $200,613. Contra: Cost of property, $78,149; cash,
$24 ; profit and loss, $128.441— total, $200,613. Trustee of bonds: J. F. Kimball, Wilton, N. H.

Directors (elected June, 1897).— H. A. Whiting, J. F. Kimball, Wilton, N. H.; Geo. O. Whiting, Lexing-
ton, Mass.; W. L. Estabrooke, J. F. Spragne, H. E. Morrill, A. W. Chapin, Monson, Me. OFFICERS : H. A.
WHITING, Pres.; J. F. Kimball, Vice-Pres., Treat. <fe Gen. Man., Wilton, N. H.; J. F. Sprague, Sec., -Monson,
Me. GENERAL OFFICE, Monson, Me.

MONTPELIER AND WELLS RIVER RR.— Montpelier to Wells River, Vt., 38.20m.; leased,
Barre Branch RR. (Barre Transfer to Barre, Vt.), 3.8 m., and Barre RR. (in Barre, Vt.), 1.62 m.— total, 43.62 m.;
total track (steel ; 56 and 60 Ibs.), 50 miles. Gange, 4 ft. 8± in. (For history see MANUAL for 1893.) Locomo-
tives (owned, 6; leased, 1), 7. Cars — passenger, 4; baggage, etc., 7; freight (box, 31 ; stock, 3; flat, 70), 104 ; other
8— total, 123.

Operations, year ending June 30, 1897. — Trains run (passenger, 90,715; freight, 25.810; mixed, 22,350;
other, 22.793), 161,628 miles. Passengers carried, 272.888; carried one mile, 2,411,231. Tons moved, 112,134; ton-
miles, 2,935,273. Earnings (passenger, $46,204; freight, $70,619; other, $11,754), $128,577. Operating expenses,
$119,552. Net earnings, $9,025; other receipts, $7,579— total, $16,604. Payments: Rental (Barre Branch RR.),
$4,800; taxes, $9,424— total, $14,224. Surplus, $2,380; surplus forward, $110,914— total, $113,293.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $800,000; accounts, $19,464; other
liabilities, $1,881 ; profit and loss, $113,293— total, $934,638. Contra .- Cost of road, $800,000; materials, etc., $18,-
803; other property and assets, $79,305; bills receivable, $9,750; accounts, $18,803; cash, $5,867; accrned interest,
$1,865; unearned insurance, $241— total, $934,638.

the Montpelier and Wells River RR. Co., at an an-
nual rental of 6 p. c. on $80,000 capital stock. W. A.

BARRE BRANCH RR.— Barre Transfer to
Barre, Vt., 3.8 m.; total track (3.8 m. steel; 60 IDS.),
4.8 miles. Gauge, 4 ft. 8i In. Organized in 1888;
road opened June 1, 1889, and leased for Q9 years to

Stowell. Pres.; F. W. Morse, Sec. & Treas., Moot-
peller, Vt. Corporate Office, Montpelier, Vt.

Directors, M. «fc W. R. RR. (elected Aug. 26, 1897).— A. F. Sortwell, Cambridge, Mass.; Geo. E. Carter,
Boston, Mass. ; J. W. Brock, S. C. Shurtlefl, Joel Foster, Montpelier, Vt. OFFICERS: ALVIN S. SORTWELL,
Pres., Cambridge, Mass.; Geo. E. Carter, Vice-Pres., Boston, Mass.; Joel Foster, Sec. & Treas., Montpelier, Vt.
GENERAL OFFICE, Montpelier, Vt.

MOSHASSTJCK VALLEY RR.— Woodlawn Junction to Saylesville, R. I., 2m.; total track (steel ;
56 Ibs.), 4.25 miles. Gauge, 4 ft. 8| in. Chartered June 11, 1874; road opened Jan. 5, 1877. Locomotives, 2.
Cars— passenger, 1; freight (box, 2; coal, 3), 5; other, 1— total, 7.

Operations, year ending June 30, 1897.— Trains run (passenger, 11,268: freight, 6,260; other, 10,000), 27,528
miles. Passengers carried, 15,983; carried one mile. 31,966. Tons moved, 75,908; ton-miles, 151,816. Earnings
(passenger, $577; freight, $21.766; other, $606), $22,949. Operating expenses, $24,425. Deficit from operations,
$1,476: surplus forward, $55,870; net surplus, $54,393.

Financial Statement, June 30, 1897.— Capital stock (shares, $100; auth., $100,000), $50,000; surplus,
$54,393— total, $104,393. Contra: Cost of property, $90,712; materials, etc., $3,583; other assets, $9,116; cash,
$982-total, $104,393. ,

Directors.— F. C. Sayles, Chas. O. Read, F. A. Sayles, F. C. Sayles, Jr., Pawtucket, R. I.; Maurice K.
Washburn, Providence, R. I. OFFICERS. F. C. SAYLBS, Pres.; F. A. Sayles, Treas.; Chas. O. Read, Sec., Paw-
tucket, R. I. GENERAL OFFICE, Saylesville, R. I.

MT. WASHINGTON RY.-Base to Summit of Mt. Washington, N. H., 3.33 m.; 50-lb. steel rail.
Gauge, 5 ft. 3 in. Incorp. 1858; road opened July, 1869. Operated June to Oct., yearly. Locomotives, 8. Cars
—passenger, 6; baggage, 1; freight (flat), 2 — total, 9.

Operations, year ending June 30, 1897.— Passengers carried, 7.096; carried one mile, 47,263. Earnings
(passenger, $20,081; other, $150), $20,231. Operating expenses, $15,982. Net eamiugs, $4,249; other receipts,
$7,600— total, $11,849. Paid expenses of hotel, $8,072. Dividends payable in Nov., at Treasurer's oflBce; 18 paid
to June 30, 1896.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $211,500; bills payable, $20,000;
profit and loss, $17,850— total, $249,350. Contra: Cost of road, etc., $166,906; real estate, etc., $82,000; cash,
$444— total, $249,350.

POOR'S MANUAL OF RAILROADS. 23

Directors (elected May, 1897).— J. H. Pearson, Natt, White, Jr., John M. Mitchell, Benj. A. Kimball, Con-
cord, N. H.; J. W. Sanborn, Sanbornville, N. H.; G. A. Fernald, T. A. Mackinnon, Boston, Mass. OFFICERS:
JOHN H. PEARSON, Pres., Concord, N. H.; T. A. Mackinnon, Vice-Pres. & Gen. Man., Boston, Mass.; John F.
Webster, Treas.; F. E. Brown, Sec., Concord, N. H. GENERAL OFFICE, Concord, N. H.

NANTUCKET CENTRAL RR.— Nantucket to Siasconset, Mass., 8.5 m,; total track, 8.6 miles.
Gauge, 3 ft. Rail (steel, 7.5 m.), 30 and 35 Ibs. Successor, after foreclosure sale, to the Nantucket RR. Co. (.See
MANUAL for 1897.) Locomotives, 2. Cars— passenger, 3; baggage, etc.. 1 ; flat, 3; other, 1— total, 8.

Operations, year ending June 30, 1897.— Trams run (passenger), 5,857 miles. Passengers carried, 9.037;
carried one mile, 75,910. Earnings (passenger), $4,053. Operating expenses, $3,569. Net earnings, $483. Pay-
ments: Interest on bonds, $425; taxes, $58 — total, $483.

Financial Statement, June 30, 1897.— Capital stock (shares, $100) authorized and paid in, $18,000;
funded debt (1st nitge. 6 p. c. 10-yr. $500 coup, bonds, due 1906, interest Feb. and Aug., at the First National
Bank, Winchendon, Mass.), $17,000— total, representing cost, etc., $35,000. Trustee of bonds: Orange Whitney.

Directors.— Bryon B. Johnson, D. L. Weeks, Henry S. Milton, George R. Taber, Waltham, Mass.; Benj.
W. Gilbert, Newton, Mass. OFFICERS : HENRY S. MILTON, Pres., Boston, Mass.; D. L. Weeks, Treat., Nan-
tucket, Mass. ; Melvin M. Johnson, Clerk, Boston, Mass. GENERAL OFFICE, Nantncket, Mass.

NARRAGANSETT PIER RR.— Kingston to Narragansett Pier, R. I., 8.5 m.— total track (steel; 56
Ibs.), 9.3 miles. Gauge, 4 ft. 8J in. Incorp. Jan., 1868 ; road opened July 17, 1876. Locomotives, 2. Cars— pas-
senger, 5; freight (box, 1; coal, 11), 15; other, 2— total, 22.

Operations, year ending June SO, 1897.— Trains run (passenger, 31,250; freight, 4,800), 36,050 miles.
Passengers carried, 139,607; carried one mile, 810,110. Tons moved, 22,179; ton-miles, 142.837. Earnings (passenger,
$34,070; freight, $18,028; other, $2,618), $54,716. Operating expenses, $39,074. Net earnings, $15,642; other
receipts, $190— total, $15,882. Payments: Interest on oonds, $4,870; taxes, $1,209; dividends (3 p. c. Nov. 1, 1896;
4 p. c. May 1, 1897), $9.366— total, $15,445. Surplus, $387.

Financial Statement, June 30, 1897.— Capital stock (auth., $200,000; shares, $100), $133,800; funded
debt (4 p. c. 20-yr. $1,000 coup, bonds, due 1916, interest Feb. 1 and Aug. 1; auth., $100,000), $70,000; current
accounts, $5.301 ; balance, open accounts, $42,447— total, $251,548. Contra; Cost of road, etc., $239,507; cash,
$8,418; profit and loss, $3,624— total, $251,548. Trustee of bonds: Rhode Island Hospital Trust Co., Provi-
dence, R. I., at whose office interest is payable.

Directors (elected April 20, 1897).— Jno. N. Hazard, Rowland G. Hazard, Peace Dale, R. L; Benj. F.
Robinson, Geo. C. Robinson, Wakefield, R. I.; J. W. Miller, New York, N. Y. OFFICERS : JNO. N. HAZARD,
P/w./R. G. Hazard, Vice-Pres. & Treas.; Wm. T. Stedman, Sec.; Geo. T. Lanphear, Supt., Peace Dale, R. I.
GENERAL OFFICK, Peace Dale, R. I.

NEWPORT AND WICKFORD RR. (<fc S. B. Co).— Wickford June, to Wickford, R. L, 3.4 m.;
total track (steel; 60 Ibs.), 4 mile*. Gauge, 4ft. 81 in. Incorp. 1872; road opened Jan. 1, 1874. Operated in
connection with N. Y., P. & B. R.R. Locomotive, 1. Cars— passenger, 1; baggage, etc., 1; freight (box), 1—
total, 3. Ferry between Newport and Wickford, 12 m.; 1 steamboat.

Operations, year ending Aug. 31, 1897.— Earnings (passenger. $35,730; freight, $3,278; other, $12.556),
851,564. Operating expenses, $48,869. Net earnings, $2,695; other receipts, $325— total, $3,020. Paid interest on
bonds, $5,000. Deficit, $1.981.

Financial Statement, Sept. 1, 1897.— Capital stock (shares. $100), $100,000; funded debt (1st mtge. 5
p. c. 30 -yr. $1,000 coup, bonds, due Aug., 1920, interest Feb. and Aug. at Merchants' Bank, Newport, R. L),
$100,000; accounts, $13,444— total, $213,444. Contra : Cost of property. $183,019; sinking fund. $10,000; cash
and accounts, $1,633; profit and loss, $18,792— total, $213,444. Trustee of bonds: Rhode Island Hospital Trust
Co., Providence, R. 1.

Directors (elected Oct. 4, 1897).— John N. A. Griswold, Chas. H. Russell, Jacob W. Miller, New York,
N. Y.; George Peabody Wetmore, A. S. Sherman, Geo. Gordon King, Newport, R.I. OFFICERS: JACOB W.
MILLER, Pres. & Gen. Man., Pier 36, N. R., New York, N. Y.; A. S. Sherman, Sec. & Treas., Newport, R. I.
GENERAL OFFICE, Merchants' Bank Building, Newport, R. I.

PATTEN AND SHERMAN RR.— Patten to Patten Jet., Me., 5.84 m.— total track (steel, 6.92 m.;
56 Ibs.), 7.45 miles. Gauge, 4 ft. 8| in. Chartered Oct. 17, 1895; road .opened Sept. 1, 1896. Locomotive, 1.
Car (combination), 1.

Operations, year ending June 30, 1897.— Trains run (passenger, 6,892; mixed, 3,037), 9,929 miles. Passen-
gers carried, 6,231 ; carried one mile, 36,029. Tons moved, 4,267; ton-milec. 22,767. Eamings (passenger, $1,830 ;
freight, $2,114 ; other, $281), $4,225. Operating expenses, $4,192. Net earnings, $23.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $36,000; current liabilities, $40,821;
profit and loss, $23— total, §76,844. Contra : Cost of road, etc., $76,000 ; cash and current assets, $546; materials,
etc., 8275— total, $76,821.

Directors (elected Oct. 15, 1897).— Albert A. Burleigh, Parker P. Burleigh, Preston N. Bnrleigh, Everett E.
Burleigh, Harry R. Bnrleigh, Houlton, Me. OFFICERS: ALBERT A. BURLEIGH, Pres.; Parker P. Burleigh, Vlce-
P}-(g. & Sec.; Preston N. Burleigh, Treas., Honlton, Me.; Parker C. Newbegin, Gen. Supt., Patten, Me.
GENERAL OFFICE, Houlton, Me.

PHILLIPS AND RANGrELEY RR.— Phillips to Rangeley. Me., 28.6 m.; total track, 30.15 miles.
Rail (steel), 35 Ibs. Gauge, 2 ft. Organized April 17, 1889; completed July, 1891. Locomotives, 4. Cars— pas-
senger, 4 : baggage, 1; freight (box, 16: flat, 70), 86; caboose, 1; other cars, 16 — total, 108.

Operations, year ending June 30, 1897.— Trains run (passenger, 13,895; freight, 8,599; mixed, 18,403; other,
4,987), 45.884 miles. Pass-engers carried, 9,867; carried one mile, 243,534. Tons moved, 19,359; ton-miles,
326,084. Earnings (pas-enger, $9,494 ; freight, $18.084 ; other, $2,356), $29,934. Operating expenses, $26,683.
Net earnings, $3.251; other receipts. $34— total, $3,285. Payments: Interest on bonds, $10,000 ; other interest,
$2,719 ; taxes, $105— total, $12,824. Deficit, $9,539 ; deficit forward, $43,377— total, $52,916.

Financial Statement, June 30, 1897.— Capital stock (auth., $100,000 ; shares, $100), $99,400; funded
debt (l^t mtge. 5 p. c. 20-yr. bonds, due Aug. 1, 1910, interest Feb. and Aug. at North National Bank, Boston,
Mass., $150,000 ; 2d mtge. 5 p. c. 20-yr. bonds, due Sept. 1, 1912 ; interest March and Sept. at oflice of the trustee,
authorized, $75,000; outstanding, $50,000), $200,000; accounts, etc., $51,443: accrued interest, $5,607— total.
$356,449. Contra: Cost of property, $295.872; accounts, $7,661 ; profit and loss, $52,916- total, $356,449. All
bonds are coup, for $1,000 each. Trustee : Maine Trust and Banking Co., Gardiner, Me.

Directors (elected May 6. 1897).— Calvin Putnam, Danvers, Mass.; Fletcher Pope, Danversport, Mass.; A.
B. Gilman, Bradford, Mass.; Geo. M. Goodwin. Haverhill, Mass.; Joel Wilbur, H. H. Field, F. N. Beal, J. H.
By ran, S. G. Haley, Phillips, Me. OFFICERS: CALVIN PUTNAM, Pres., Danvers, Mass. ; H. H. Field, Treas. &
Clerk; Fletcher Pope, Gen. Man., Redington Mills, Me. GENERAL OFFICE, Phillips, Me.

ROCKPORT RR.— Simontons Corners to Rockport, Me., 3 miles. Rail (steel), 25 Ibs. Gauge, 3 ft.
Incorp. May 18, 1886 ; road opened in 1886. Locomotives, 2. Cars— dump, 30 ; flat, 3— total, 38.

Operations, year ending June 30, 1897.— Trains run (freight), 1,200 miles. Tons moved, 3,777 ; ton-miles,
11,331. Earnings (freight), $2,266. Operating expenses, $2,131. Net earnings, $135. Payments : Taxes, $80 ;
dividends, $54— total, $135.

24 POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), representing cost, $30,000.

Directors (elected July 6, 1897).— Wm. D. Carleton, P. J. Carletou, S. E. Shepherd, H. L. Shepherd, O. P.
Shepherd, R. W. Carleton, Rockport, Me. OFFICERS : P. J. CARLETON, Pres. & Gen. Supt.; H. L. Shepherd,
Treas.; L. H. Lovejoy, Sec., Rockport, Me. GENERAL OFFICE, Rockport, Me.

RTJMFORD FALLS AND RANG-ELEY LAKES RB,.— Rumford Falls to Bemis, Me., 27 m.;
branch, Houghton to Letter B, 4 m.— total, 31 miles. Sidings, 5.36 miles. Gauge, 4 ft. 8^ in. Rail (steel), BO and
65 Ibs. Chartered Sept. 11, 1894, and acquired all the rights of the Portland and Rumford Falls RR. Co. for ex-
tension of its line to the lakes. Main line opened to Houghton, 18 m., in Sept., 1895 ; extension of 6 m. beyond
Houghton and the Houghton branch about Dec. 1, 1895 ; throughout on May 20, 1896. Locomotives. 6. Cars-
combination, 4 ; freight (box, 6 ; flat, 43 ; logging, 105), 154 ; nanger, 1 ; derrick, 1— total, 160. Of this equip-
ment, 8 locomotives and 80 flat cars are held under car trust.

Operations, year ending June 30, 1897.— Trains run (passenger, 27,821 ; freight, 40,654 ; other, 22,294), 90,-
769 miles. Passengers carried, 10,798 ; carried one mile, 210,208. Tons moved, 142,142 ; ton-miles, 2,677,727.
Earnings (passenger, $10,439; freight, $84,551 ; other, $1,459), $96,450. Operating expenses and taxes, $58,700.
Net earnings, $37,690. Payments : Interest on bonds and notes, $17,856 ; dividends (Jan. 1 and July 1 , 1897, 2 p. c.
each), $6,000— total, $23,856. Surplus, $13,834 ; surplus forward, $10,186— total, $24,020.

Financial Statement, June 30, 1897.— Capital stock (shares, $100) authorized and paid in, $150,000;
funded debt (1st mtge. 5 p. c. 30-yr. $500 and $1,000 gold coup, bonds, due Oct. 1, 1924, interest April and Oct., at
the office of the trustee. Old Colony Trust Co., Boston, Mass.), $80,500; notes payable, $213,700; car trusts,
$21,126; accrued interest on bonds, etc., $1,069; dividend unpaid, $3,000; miscellaneous and loans, $39,489 ;
bills audited, $6,593 ; traffic balances, $147 ; profit and loss, $24,020— total, $539,644. Contra : Cost of road, etc.,
$496,226; materials, etc., $2,300 ; accounts, etc., $27,364 ; cash, $13,764— total, $539,644. The mtge. securing the
above described bonds has recently been cancelled and discharged, and the bonds redeemed. A new mtge. has
been executed to the Old Colony Trust Co., Boston, Mass., trustee, under which there have been issued $400,000
gold sinking fund 5 p. c. 40-yr. $500 and $1,000 bonds, due 1937, interest April and Oct., at office of trustee. These
bonds have oeen sold and all of the floating debt discharged excepting $22,320 of car trust notes.

Directors (elected Sept. 14, 1897).— Galen C. Moses, Fritz H. Twitchell, Bath, Me.: H. J. Chisholm, E. B.
Dennison, W. W. Brown, Herbert J. Brown, Portland, Me.; Edward Plummer, Lisbon Falls, Me.; Frank Gut-
mann, Wm. H. Newell, Lewiston, Me. OFFICERS: GALEN C. MOSES, Pres.; Fritz H. Twitchell, Treas., Bath,
Me.; Wm. H. Newell, Sec., Lewiston, Me. GENERAL OFFICE, Rumford Falls, Me.

RUTLAND KB.— Bellows Falls to Burlington, Vt., 119.7 m.; Addison BB. (leased ; as below), 15.6 m.—
total operated, 135.3 miles. Sidings (owned, 34 m. ; leased, 1.43 m.), 35.43 miles. Gauge, 4 ft. 8J in. Rail (steel,
120 m.), 60, 72 and 75 Ibs. Reorganization in July, 1867, of the Rutland and Burlington RR. Co. Leased to the Cen-
tral Vermont RR. Co. for 20 years from Dec. 31, 1870, and lease extended Dec. 31, 1890, for 999 years. Default in
payment of rental was made by the receivers of the Central Vermont RR. Co. and the property was surrendered
to the company on May 7, 1896. The Delaware and Hudson Canal Co. owns $3,000,000 of the preferred stock and
$1,000,000 of the common stock. Locomotives, 89. Cars— passenger, 31 ; baggage, etc., 10; freight (box, 688;
stock. 30 ; flat, 120), 838 ; caboose, 13 ; other, 24— total, 916.

Operations, year ending June 30, 1897.— Trains run (passenger, 326,091 ; freight, 353,205 ; mixed, 49,081 ;
other, 248,279), 876,656 miles. Passengers carried, 400,575 ; carried one mile, 12,714,183. Tons moved, 456,661 ;
ton-miles, 25,812,321. Earnings (passenger, $297,857 ; freight, $374,179 ; other, $41,478), $713,514. Operating
expenses, $489,693. Net earnings, $273,821 ; other receipts, $31,847— total, $305,669. Payments : Interest on
bonds, etc., $188,921 ; rentals leased line, $15,000 ; taxes, $12,589 ; dividends on preferred stock (1 p. c. Jan.,
1897), $42,391— total, $258,701. Surplus, $46,767.

Financial Statement, June 30, 1897.— Capital stock (common, $2,480,600; preferred, $4,239,100), $6,719,-
700 ; funded debt, $3,500,000 ; bills payable, $20,000 ; current accounts, $39,485 ; pay rolls, $25,345 ; outstanding
coupons and dividends, $14,267— total, $10,318,708. Contra : Construction, etc., $9,586,427 ; stocks and bonds,
$410,382; materials, etc., $45,816; real estate, $134,460 ; C. V. RR. Co., $40,818; current accounts, $60,672;
cash, $14,984 ; profit and loss, $25,239— total, $10,318,798.

Funded debt (total, $3.500,000) consisted June 30, 1897, of $1,464,100 1st mtge. 6 p. c. 30-yr. cy. bonds, due
NOT. 1, 1902, interest May and Nov., $1,430,900 ; 2d mtge. 5 p. c. 20-yr. bonds, due Aug. 1, 1898, interest Feb. and
Aug., and $605,000 consol. mtge. 4J p. c. 50-yr. gold bonds, dated July 1, 1891, interest Jan. and July. The 2d
mtge. bonds are a 1st mtge. on rolling stock and personal property. Of the consols a sufficient amount is held in
trust to retire the 1st and 2d mtges. Interest on the 1st and 2d mtge. bonds is payable at the Globe National Bank,
Boston, Mass. ; on the consols, at the office of the United States Mortgage and Trust Co., New York, N. Y. Pre-
ferred stock is entitled to 3J p. c. cumulative semi-annual dividends. Both classes of stock have the same voting
power. Trustees of bonds : consol. mtge., United States Trust Co., New York, N. Y.; 1st mtge., Jacob H. Loud
and Jacob Edwards : 2d mtge., New England Trust Co., Boston, Mass.

ADDISON RR.— Leicester June., Vt., to Ticon-
deroga, N. Y., 15.60 m.; sidings, 1 mile. Chartered
In 1870; road opened Dec. 1, 1871. Leased to Rut-
land RR. Co. from completion at 7 p. c. on cost.
By the contract with the Rutland RR. Co. the capital

stock was fixed at $500,000. Rental, $15,000. Perci-
val W. Clement, Pres.; Wallace C. Clement, Sec.;
H. G. Smith, Treas., Rutland, Vt. General Office,
Rutland, Vt.

Directors (Rutland RR. Co.).— Percival W. Clement, Wallace C. Clement, Rutland, Vt.; Geo. H. Ball
Edgar Harding, Boston, Mass.; John W. Stewart, Middlebnry, Vt.; Horace G. Young, Albany, N. Y.; Chester
Gnswold, David Willcox, Chas. A. Walker, New York, N. Y. OFFICERS : PERCIVAL W. CLEMENT, Pres., Rut-
land, Vt.; Horace G. Young, Vlce-Pres., Albany, N. Y.; Henry G. Smith, Sec. & Treas.; Clark L. Pierce, Gen.
Supt., Rutland, Vt. GENERAL OFFICE, Rutland, Vt.

ST. CE.OIX AND PENOBSCOT RB.— Calais, Me., to Princeton, Me., 21 m.; total track (steel, 11.60
m.), 24.34 miles. Gauge, 4 ft. 8j in. Rail, 56 Ibs. Successor (1870) to the Calais and Baring RR. Co. (See
MANUAL for 1893.) Locomotives, 4. Cars— passenger, 4 ; baggage, etc., 1 ; freight (box, 4 ; flat, 48), 52 ; lumber
143 ; other, 4— total cars, 204.

Operations, year ending June 30, 1897.— Trains run (freight, 4,718 ; mixed, 15,378 ; other, 2,176), 22,278
miles. Passengers carried, 6,245: .carried one mile, 119,885. Tons moved, 53,399 ; ton-miles, 341,343. Earnings
(passenger, $3,048 ; freight, $21,808 ; other, $910), $25,765. Operating expenses, $26,763. Deficit from operations,
$998 ; miscellaneous receipts, $504— net deficit, $434. Payments : Interest on bonds, $6,573 ; taxes, §323— total,
$6,896. Deficit for year, $7,330 ; surplus forward, $142,437 ; net surplus, $135,068.

Financial Statement, June 30, 1897 —Capital stock (shares, $100), $100,000 ; funded debt (see below),
$131,100; accounts, $113; profit and loss, $135,068— total, $366,281. Contra: Cost of road, etc., $364,000;
accounts, $1,881 ; cash, $400— total, $366,281.

Funded debt consists of $83,000 6 p. c. 15-yr. bonds, due July 1, 1879, interest Jan. and July (1st mtge. Calais
to Baring, 5 m.); $10,10016 p. c. 15-yr. bonds, due July 1, 1879, interest Jan. and July (2d mtge. Calais to Baring,
6 m.), and $88,000 Calais loan, 6 p. c. 20-yr. coup. $500 and $1000 bonds, due Dec., 1911, interest June and Dec.,
secured by a 1st mtge. on 16 m., from Baring to Princeton, and a 3d mtge. on 5 m., from Calais to Baring. Trus-
tees of bonds: James Murchie, Milltown, N. B.; Geo. A. Lowell, G. A. Curran, Calais, Me.; E. G. Gates

POOR'S MANUAL OF RAILROADS. 25

(deceased). Interest on 1st and 2nd mtge. bonds payable at Calais, Me., and on Calais loan bonds, at Boston
Mass.

Directors (elected Sept. 22, 1897).— G. A. Ciirran, C. A. Boardman, Calais, Me.; Geo. P. Westcott, Port-
land, Me.; Jas. Mitchell, Wm. L. Mitchell. Rockland,Me. OFFICERS : GEO. P. WESTCOTT, Pres., Portland, Me.;
Samuel Black, Sec., & Treat.; S. W. Haycock, Gen. Supt., Calais, Me. GENERAL OFFICE, Calais, Me.

SANDY RIVER RR.-FarmiDgton to Phillips, Me., 18 m.; 35-lb. steel rail. Gauge, 2 ft. Incorp. April
8, 1879 ; road opened Nov. 20, 1879. Locomotives, 4. Cars— passenger, 4 ; .baggage, etc., 2 ; freight (box, 20 :
flat, 21), 41-total, 47.

Operations, year ending Jane 30, 1897.— Trains run (passenger, 13,387 ; freight and mixed, 22,107 ; other,
2,713), 38,207 miles. Passengers carried, 27,445 ; carried one mile, 376,051. Tons moved, 29,607 ; ton-miles, 471 -
361. Earnings (passenger, $13,826 ; freight, $26,999 ; other, $3,130), $43,956. Operating expenses, $22,491. Net
earnings, §21,465 ; other receipts, $2,540— total, $24,005. Payments : Interest on bonds, $11,667 ; other interest,
$1,834 ; taxes, $494 ; dividends (Jan. 1 and July 1, 1897, 3 p. c. each), $6,000— total, $19,995. Surplus, $4,011 •
deficit forward, $109,719 ; net deficit, $105,709.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $100,000 ; funded debt, $300,000 ;
bills payable, $2,500 ; current accounts, $2,456 ; accrued interest on bonds, not yet payable, $1,667— total, $406,-
623. Contra: Cost of property, $248,895 ; securities, $46,065 ; materials, etc., $1,576 ; accounts and cash, $4,378;
deficit, $105,709— total. $406,623. Funded debt consists of $100,000 1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, due
Sept. 1, 1915, interest March and Sept., at the Nat. Bank of Commonwealth, Boston, Mass.; and $100,000 1st
mtge. consolidated 5 p. c. 25-yr. coup, bonds, due May 1, 1919, interest May and Nov., at Me. Tr. & Bkg. Co.,
Gardiner, Me. The lets are part of an issue of $200,000 authorized by stockholders, Aug. 31, 1885 ; only $100,000
are to be issued while the road remains narrow gauge. The 1st mtge. bonds outstanding were used in part in re-
tiring the old 6 p. c. bonds.

Directors (elected Nov. 17, 1897). — Weston Lewis, J. S. Maxcy, P. H. Winslow, Gardiner, Me. OFFICERS:
WESTON LEWIS, Pres.; J. S. Maxcy, Vtee-Pres. & Gen. Man.; Geo. A. Farrinetou, Treas.; P. JH. Winslow, Aud.;
Gardiner, Me. GENERAL OFFICE, Gardiner, Me.

SEBASTICOOK AND MOOSEHEAD RR. -Pittsfield to Hartland, Me., 8 miles. Gauge, 4 ft. 8J
in. Rail (steel), 501bs. Organized July 24, 1886 ; road opened Nov. 2, 1886. Extension to Harmony Village,
a distance of 9 m., under construction at close of year. Locomotives, 2. Cars— passenger, 1 ; combination, 1 ;
freight (flat), 6— total, 8.

Operations, year ending June 30, 1897.— Trains run (passenger, 5,008 ; mixed, 10,016), 15,024 miles. Pas-
sengers carried, 7,561 ; carried one mile, 60,488. Tons moved, 6,638 ; ton-miles, 53,104. Earnings (passenger,
$2,766 ; freight, $5,094 ; other, $842), $8,702. Operating expenses, $4,612. Net earnings, $4,090. Accrued inter-
est on bonds, $2.500.

Financial Statement. June 30, 1896 (latest rendered).— Capital stock (auth., $125,000 ; shares, $50),
$126,000 ; funded debt (1st mtge. 5 p. c. 30-yr. bonds, dated Oct. 1, 1895, interest April 1 and Oct. 1 ; auth., $100,-
000), $50,000 ; current liabilities, $6,000— total, $182.000. Contra: Cost of road, $126,000 ; other permanent in-
vestments, $54,564 ; profit and loss, $1,436— total, $182,000. Interest on bonds payable at the office of the trus-
tee, Mercantile Loan and Trust Co., Boston, Mass.

Directors.— Z. D. Lancaster, W. L. Pushor, A. B. Thompson, Pittsfleld, Me.; L. D. Lake, Albion, Me.;
H. C. Fuller, Hartland, Me. OFFICERS : Z. D. LANCASTER, Pres., Treas. & Gen. Man.; T. M. Griffin, Sec.,
Pittsfield, Me. GENERAL OFFICE, Pittsfield, Me.

SHEPAUG, LJTCHFIELD AND NORTHERN RR.— Litchfield to Hawleyville, Ct., 32.28 m.;
trackage, N. Y., N. H. & H. RR., Hawleyville to Bethel, Ct., 5.95m.— total operated, 38.23 m. ; total track owned
(32.28 m. steel ; 50, 56, and 74 Ibs.), 35.61 miles. Gauge, 4 ft. 8J in. (For history, see MANUAL for 1893.) Loco-
motives, 4. Cars — passenger, 5 ; baggage, etc., 1 ; freight (flat, 32 ; box, 4), 36 ; caboose, 1— total, 43.

Operations, year ending June 30, 1897.— Trains run (passenger, 37,016 ; freight, 15,201 ; mixed, 16,254 ;
other, 12,380), 80,851 miles. Passengers carried, 30,600 ; carried one mile, 752,432. Tons moved, 34,304 ; ton-
miles, 741,618. Earnings (passenger, $24,023; freight, $38,142; other, $4,602), $66,767. Operating expenses,
$55,614. Net earnings, $11,154; other receipts, $1,560— total,'$12,714. Payments: Rentals, $1 ; taxes, $595— total.
$596. Surplus, $12.118 ; surplus forward, $98,061— total, $110,179.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $600,000 ; accounts, $2,390 ; profit and
loss, $110,179— total, $712,569. Contra : Cost of property, $650,540 ; materials, etc., $3,588 ; cash and bills, $58,-
441— total, $712,569. Bonded debt authorized (not yet issued) : $300,000 1st mtge. 40-yr. 5 p. c. bonds, dated May
1, 1890, interest May and Nov.

Directors (elected Oct. 27, 1897).— Charles P. Clark, John M. Hall, S. E. Merwin, Wm. E. Barnett, New
Haven, Ct.; J. Pierpout Morgan, Wm. Rockefeller, Geo. Macculloch Miller, Alex. McNeill, New York, N. Y.; J.
Deming Perkins, Litchfield, Ct. OFFICERS : JOHN M. HALL, Pres. ; Chas. P. Clark, Vice-Pres., New Haven, Ct. ;
P. P. Hubbard, Treas., Litchfleld, Ct.; Wm. E. Barnett, Sec., New Haven, Ct. OPERATING OFFICE, Litchfield, Ct.

SOMERSET RY.— Oakland to Bingham, Me., 41.06m.; Dodlin's Quarry branch, 1 m. ; total track (33.25
m. steel ; 50 and 56 Ibs.), 46.19 miles. Gauge, 4 ft. 8J in. Chartered May, 1870 ; opened as above in 1890. (See
MANUAL for 1892.) Locomotives, 5. Care— passenger, 6; combination, 1 ; baggage, etc., 3: freight (box, 14;
flat, 21), 35 ; other, 2— total, 47.

Operations, year ending June 30, 1897.— Trains run (passenger, 43,873 ; freight, 20,455 ; mixed, 8,980 ;
other, 4,685), 77,933 miles. Passengers carried, 25,457 ; carried one mfle. 601,302. Tons' moved, 77,002 ; ton-miles,
1,548,808. Earnings (passenger, $21,899 ; freight, $51,475 ; other, $5,314), $78,688. Operating expenses, $64,841.
Net earnings, $13,847. Payments : Interest on bonds, $11,250 ; other interest, $3,385— total, $14,635. Deficit,
$788 ; surplus forward, $66,950 ; net surplus, $66,162.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $736,649 ; funded debt (1st mtge. 5 p.
c. 30-yr. coup, bonds, dated July 1, 1887, interest Jan. and July), $225,000 ; bills and accounts, $77,125 ; profit and
loss, $66,162— total, $1,104,936. Contra: Cost of property, J.1,069,958 ; accounts and cash, $22,224; materials,
etc,, $12,754— total, $1,104,936. Interest payable at Revere National Bank, Boston, Mass., and Treasurer's office,
Oakland, Me. Trustees of mortgage, Edmund F. Webb, Everett R. Drnmmond, Waterville. Me.

Directors (elected Sept. 6, 1897).— F. W. Hill, Exeter, Me.; A. J. Libby, Embden, Me.; B. P. J. Weston,
Madison, Me.; Wm. M. Ayer, A. K. Small, Oakland, Me.; R. W. Dunn, E. F. Webb, W. M. Dann, Waterville,
Me.; Omar Clark, Carratunk, Me.; David K. Phillips, Boston, Mass.; Thos. Flint, San Juan, Cal. OFFICERS:
R. W. DUNN, Pres., Waterville, Me.; F. W. Hill. Vtce-Pres., Exeter, Me.; A.R. Small, Treas. & Clerk, Oakland,
Me.; H. W. Greeley, Aud., Oakland, Me. GENERAL OFFICE, Oakland, Me.

SOUTH MANCHESTER RR.— South Manchester to Manchester, Ct., 2.25m.; total track (3.45 m.
steel ; 56 Ibs.), 4.58 miles. Gauge, 4 ft. 8f in. Chartered May, 1866; road opened in June, 1869. Locomotives, 2.
Cars (passenger) 4.

Operations, year ending June 30, 1897.— Trains run (passenger, 14,285; freight, 1,850), 16,135 miles.
Passengers carried, 78,823; carried one mile, 177,352. Tons moved, 23,8(54; ton-miles, 53,694. Earnings (pas-
senger, $3,317; freight, $6,506; other, $109), $9,932. Operating expenses, $10,911. Deficit from operations, $979;
Paid taxes, $331. Deficit for year, $1,310.

26 POOR'S MANUAL OF RAILROADS. — NEW ENGLAND GROUP.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $40,000; bills payable, $19,794; profit
and loss, $55,45'2— total, $115,246. Contra: Cost of property, $112,372: materials, etc., $2,874— total, $115,246.

Directors.— Ralph Cheney, Frank Cheney, F. W. Cheney, Richard O. Cheney, South Manchester, Ct.
OFFICERS : F. W. CHENEY, Pres.; Richard O. Cheney, Sec. & Gen. Man.; Charles S. Cheney, Treas., South Man-
chester, Ct. GENERAL OFFICE, South Manchester, Ct.

UNION FREIGHT RR.— B. & M. RR. to N. Y., N. H. & H. RR., Boston, Mass., 2.43m.; total track
(steel; 88 Ibs.), 4.65 miles. Gauge, 4 ft. 8i in. Chartered and road opened in 1872. (See MANUAL for 1888.)
Locomotives, 4.

Operations, year ending June 30, 1897.— Trains run (freight), 19,151 miles. Tons moved, 224,966; ton-
miles, 309,548. Earnings (freight, $62,697; other, $370), $63,067. Operating expenses, $47,060. Net earnings,
$16,006; other receipts, $455— total, $16,461. Payments: Interest on debt, $3,341; dividends (31 p. c. paid June
30, 1897), $10,500— total, $13,841. Surplus, $2,620; surplus forward, $46,031— total, $48,651.

Financial Statement, June 30, 1897.— Capital stock (auth., $500,000; shares, $100), $300.000; bills pay-
able, $88,500; accounts, $2,372; profit and loss, $48,651— total, $439,523! Contra: Cost of property, $415,070;
stocks and bonds, $13,000; materials, etc., $7,110; cash, $4,343— total, $439,523.

Directors (elected Jan. 12, 1898).— Chas. F. Choate, Geo. A. Gardner, Colin M. Ingersoll, Jr., Joshua M.
Sears, Nathaniel Thayer, Boston, Mass. ; Chas. P. Clark, New Haven, Conn. OFFICERS: COLIN M. INGERSOLL,
JR., Pres; Austin W. Adams, Sec. <& Treas.; A. H. Grovenor, Supt., Boston, Mass. GENERAL OFFICE, Boston,
Mass.

WISCASSET AND QUEBEC RR.— Wiscasset to Albion, Me., 43.40 miles. Rail (steel), 351 bs.
Gauge, 2 ft. Chartered April 15, 1854; road opened to Week's Mills, 28.2 m., Feb. 20, 1895; as above, Oct. 1895.
Locomotives, 3. Cars— passenger, 2; baggage, etc., 2; freight (box, 17; flat, 14; coal, 4), 35; caboose,!; other,
14— total, 54. All equipment except 1 locomotive, 2 passenger and 2 baggage, etc., cars is held under trust.

Operations year ending June 30, 1897.— Earnings (passenger, $5,894; freight, $11,341; other, $1,943),
$19,177. Operating expenses, $20,960. Deficit from operations, $1,783 ; miscellaneous receipts, $29 ; net deficit,
$1,754. Charges: Interest on bonds, $6,524; taxes, etc., $69— total, $6,593. Deficit for year, $8,346; deficit for-
ward, $16,165— total, $24,512.

Financial Statement, June 30, 1897.— Capital stock (shares, $100; auth., $500,000), $188,585; funded
debt (1st mtge. 5 p. c. 20-yr. $400, $200, $500 and $1,000 gold coup, bonds Aug. 1, 1916, interest Feb. and Aug.,
auth. $600,000), $117,600; equipment trust obligations (6 p. c.), $13,078; bills payable, $80,806; accounts, $20,010;
wages, etc., $3,007; matured interest coupons unpaid, $3,865; bond interest, not yet payable, $2,450— total. $429,-
402. Contra: Cost of property, $395,717; bonds owned, $4,100; materials, etc., $996; bills, accounts, cash, etc.,
$4,079; profit and loss, $24,511— total, $429,402. Interest on bonds payable at the office of the trustee, Waterville
Trust and Safe Deposit Co., Waterville, Me.

Directors (elected Oct. 20, 1897).— Andrew Lacy, Wm. D.Patterson, Wiscasset, Me.; Ora O. Crosby,
Llewellyn Libbey, Albion, Me.; Albert M. Card, Head Tide, Me.; Solomon E. Hopkins, Cooper's Mills. Me.;
Godfrey P. Farley, New York, N. Y. OFFICERS: ALBERT M. CARD, Pres., Head Tide, Me.; Godfrey P. Farley,
Vice-Pres., New York, N. Y.; Wm. D. Patterson, Treas. & Sec.; Wiscasset, Me. GENERAL OFFICE, Wis-
casset, Me.

WOOD RIVER BRANCH RR.— Wood River June, to Hope Valley, R. I.. 5.7 m.; total track (steel,
2.50 m.), 6.62 miles. Rail— iron, 45 and 56; steel, 60 Ibs. Gauge, 4 ft. 8£ in. Chartered May, 1872; road opened
July 1, 1874. Locomotives, 3. Cars— passenger, 1; baggage, mail, etc., 1; combination. 1— total, 3.

Operations, year ending June 30, 1897.— Trains run (passenger, 13,737; mixed, 5,312; other, 950), 19,999
miles. Passengers carried, 19,482; carried one mile, 103,423. Tons moved, 9,263; ton-miles, 51,989. Earnings
(passenger, $3,803; freight, $7,940; other, $764), $12,508. Operating expenses, $8,714. Net earnings, $3,794;
other receipts, $40— total, $3,834. Payments: Interest on bonds, $3,107; other interest, $351 ; taxes, $363 ; sur-
plus, $12— total, $3,822.

Financial Statement, June 30, 1897.— Capital stock (auth., $250,000 ; shares, $100), $60,000 ; funded
debt (1st mtge. 5} p. c. $500 coup, bonds, dated July 1, 1894, due July 1, 1909, interest Jan. and July, at First Na-
tional Bank, Hopkinton, R. I.; anth., $60,000), $56,500; bills and accounts, $13,237; accrued interest, $1,554;
profit and loss, $5,555 -total, $136,845. Contra: Construction, $111,925 ; equipment, $16,741 ; materials, etc.,
$519; cash and accounts, $7,660— total, $136,845. Trustees of bonds : Henry C. Nichols and William F. Joslin.

Directors (elected Oct. 12, 1897).— Amos G. Nichols, George H. Olney, Benj. P. Langworthy, Edward Bar-
ber, John J. Greene, Hope Valley, R. I. ; John L. Kenyon, Wyoming, R. I.; Benj. Kenyon, Rockville, R. I.;
William F. Joslin, Jeremiah B. Gardiner, Providence, R. I. OFFICERS : AMOS G. NICHOLS, Pres.; George H.
Olney, Vice-Pres., Sec. <& Treas.; Leander M. Barber, Supt., Hope Valley, R. I. GENERAL OFFICE, Hope Valley,
R.I.

"WOODSTOCK RY.— Woodstock to White River June., Vt., 13.88 m. ; total track (9.10 m. steel ; 56 Ibs.),
15 miles. Gauge, 4 ft. S^ in. Organized July 1, 1890, as successor to the Woodstock RR. Co. (See MANUAL for
1891.) Locomotives, 2. Cars— passenger, 3 ; baggage, etc., 1 : freight (box, 1 ; flat, 1), 2 — total, 6.

Operations, year ending June 30, 1897.— Trains run (mixed), 24,170 miles. Pussengers carried, 22,746 ; car-
ried one mile, 352,547. Tons moved. 13,344 ; ton-miles, 164,692. Earnings (passenger, $12,309 ; freight, $15,626 ;
other, $1,007), $29,751. Operating e"xpen«es, $21,727. Net earnings, $8,024. Payments: Taxes, $774 ; dividends
(Jan. 1 and June 30, 1897, H p. c. each), $7,497 -total, $8.271. Deficit, $247 ; surplus forward, $27,073 ; net sur-
plus, $26,826.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $250,000 ; profit and loss, $26,826—
total, $276,826. Contra : Cost of property, $267,825 ; materials, etc., $3,329 ; cash, $5,672— total, $276,826.

Directors (elected Sept. 8, 1897).— Lewis Pratt, Frank S. Mackenzie, Warren C. French, Frederick Billings,
Franklin S. Billings, Wm. E. Johnson, Woodstock, Vt.; Jno. J. Dewey, Quechee, Vt. ; Norman Williams, Chi-
cago, 111.; Samuel E. Kilner, New York, N. Y. OFFICERS : JOHN J. DEWEY, Pres., Qnechee, Vt. ; F. S. Macken-
zie, Vice-Pres.; J. G. Porter, Treas., Clerk & Supt., Woodstock, Vt. GENERAL OFFICE, Woodstock, Vt,

POOR'S MANUAL OF RAILROADS. 27

MIDDLE GROUP— States of New York, New Jersey, Penn-
sylvania, Delaware, Maryland, and District of Columbia.

ailroads associated with others, forming Systems, or those reporting for the calendar year, if not in
Alphabetical order following, may be found by referring to the GENERAL INDEX.

BALTIMORE, CHESAPEAKE AND ATLANTIC RAILWAY COMPANY.

(For map of this road see page 28.)

Main Line of Road. -Claiborne, Md., to Ocean City, Md ......... 87.06 m.

JTulton Branch : Salisbury, Md., to Fulton, Md .......... .......... 1.00 m.— 88.06 miles.

Sidings, etc., 6.50 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs.

In addition to its railroad the company operates the following' water lines: Ferry Line, 45 m. ; Chop-
tank River Line, 135 m. ; Nanticoke River Line, 160 m. ; Wicomico River Line, 140 m. ; Pocomoke River Line,
200 m. ; Messongo River Line, 200 m. ; Occohannock River Line, 190 m. ; Piankatank River Line, 220 m. — total
•water mileage, 1,295 miles. Total rail and water mileage, 1,383.06 miles.

History. — Organized under laws of Maryland, Sept. 1, 1894. The company is successor
to the Baltimore and Eastern Shore RR. Co., the Eastern Shore Steamboat Co. of Baltimore
€ity, the Maryland Steamboat Co. of Baltimore City, and the Choptank Steamboat Co. of
Baltimore City. (See MANUAL for 1897, page 25.)

Rolling Stock, Aug. 31, 1897. — Locomotives, 8. Cars — passenger, 15 ; combination, 4 ;
parlor, 1 ; mail and baggage, 1 ; freight (box, 47 ; gondola, 27), 74 ; other 1 — total, 96.

FLOATING EQUIPMENT. — The company owns the following steamers, having an aggregate
tonnage of 9,263.09 tons: " Cambridge," 834. 18 tons ; "Avalon," 600.71 tons ; "Ida," 765.67
tons ; " Chowan," 458.88 tons ; " Joppa," 607.54 tons ; " Tivoli," 707.42 tons ; " Enoch Pratt,"
571.78 tons; "Kent," 406.99 tons; "Tred Avon," 676.93 tons ; "Choptank," 346.74 tons ;
" Pocomoke," 656.51 tons ; "Eastern Shore," 791.91 tons; " Tangier," 680.89 tons; "Mag-
gie," 606.08 tons, and " Helen," 550.86 tons.

Operations, year ending Aug. 31, 1897. — Train mileage — passenger, 102,552 ; freight,
60,572— total, 163,124 miles. Passengers carried (railroad, 124,251 ; ferry, 47,777), 172,028 ;
carried one mile (railroad, 3,481,330 ; ferry, 2,048,206), 5,529,536; average mile rate— rail-
road, 1.50 cents ; ferry, 1.32 cents. Tons freight moved (railroad, 47,041 ; ferry, 10,947),
57,988 ; moved one mile (railroad, 960,046 ; ferry, 481,686), 1,441,732 ; average ton-mile rate
— railroad, 4.01 cents ; ferry, 8.71 cents.

EARNINGS. 1896-97 1895-96

Passenger $157.170 92 $165,182 60

Freight 267,462 32 271,428 89

Mail and Express 27,344 01 21,922 51

Miscellaneous 37,02999 39,17378

Totals $489,00524 $497,70768

Totals per Mile RR . 5,553 09 5,651 92

EXPENSES. 1896-97 1895-96

Conducting Transportation. . . .$232,281 02 $244,193 59

Maintenance of Equipment 45.41137 39,51623

Maintenance of Way and Bldgs. 34,71884 36,9245s

General and Taxes 95,050 38 89,303 87

Totals. . . ... $407,461 71 $409,937 74

Totals per Mile RR 4,627 09 4,655 21

Net earnings, 1896-97 (16.68 p. c.), $81,543.53 ; other receipts, $2,256.72— total, $83,-
800.25. Paid interest on bonds, $62,500. Surplus, $21,300.25 ; surplus forward, $94,164.81
—total ($115,465.06 ; plus sundry adjustments for the year, $71.07), $115,536.13.

General Balance Sheet, Aug. 31, 1897,
Cost of Road, Steamer Lines, and Equip.. .$3,841,966 03

Stocks of other Companies 100 00

Bills and Accounts Receivable 35,965 93

Materials on Hand 3,013 69

Due by Asrents... 12,80562

Insurance Premiums Paid in Advance 5,286 46

Cash on Hand 52,115 88

Total Assets $3,941,253 61

Common Stock (shares, |50) $1,000,000 00

Preferred Stock (shares, g§0) 1 ,500,000 00

Funded Debt Outstanding 1,250,00000

Accrued Interest on Funaed Pebt 31,250 00

Bills Payable 10,000 00

Acc'ts Payable ($32,724.06), Indjv. & Cos. . 34,467 48

Profit and Loss 115,536 13

Total Liabilities , , , , $3,941,253 61

Preferred stock is entitled to 5 p. c. cumulative dividends payable from net earnings ;
preferred also as to assets.

Funded debt, authorized and outstanding, consists of 1st mtge. 5 p. c. 40-yr. $1,000 gold coupon bonds,
with right of registration as to principal, due Sept. 1, 1934, interest payable March and Sept. at the com-

B A. Y

fforu Point

Rail and Steamer Routes

OF THE

BALTIMORE
CHESAPEAKE

AND

ATLANTIC

RAILWAY COMPANY.

38

POOR'S MANUAL OF RAILROADS. 29

pany's office, New York, N. Y. These bonds are secured by mtge. on the entire property owned by the
company. Trustee: Atlantic Trust Co., New York, N. Y.

Directors (elected Jan. 22, 1898).— John E. Searles, Winthrop M. Tuttle, New York,
N. Y. ; Henry P. Scott, Samuel Bancroft, Jr., Wilmington, Del.; Nicholas P. Bond, Willard
Thomson, J. Upshur Dennis, Wilbur F. Jackson, John S. Wilson, Baltimore, Md.; Carroll
S. Tyson, Philadelphia, Pa.; Robert B. Dixon, Easton, Md.; Elihu E. Jackson, Walter B.
Miller, Salisbury, Md.

JOHN E. SEARLES, Chairman of Board New York, N. Y.

JOHN S. WILSON, President Baltimore, Md.

Nicholas P. Bond, Vice-President " "

Sec. & Treas.— Winthrop M. Tuttle. . .New York, N. Y. | Auditor— Andrew Hunter, Jr Baltimore, Md.

Gen. Manager— Willard Thomson Baltimore, Md.

PRINCIPAL OFFICES \ 201 K Baltimore St., Baltimore, Md.

ES }27 William St., New York, N. Y.

BUFFALO AND SUSCIUEHANNA RAILROAD COMPANY.

i»r • TJ ^ ~* i>«.o,i J Keating Summit, Pa., to Ansonia, Pa. . .61.89 m.
Mam Lines of Road : { Qaleto* Pa ( to New Tork_Pa.Sta;e Line 26.94 m.

Cross Fork Branch : Crops Fork June, to Cross Fork, Pa 13.23 m. — 102.06 miles.

Leased: WeUsville, Coudersport & Pine Creek RR. (see appended statement) 10.08 "

Trackage : fall Brook Ry.: Ansonia, Pa., to Corning, N. Y. (freight only) 43.00 "

Total length of lines operated, June 30, 1897: 155.14 miles.

Sidings (owned, 14.96 m.), 16.53 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 and 80 Ibs.

History. — Consolidation, Sept. 25, 189-5, of the Sinnemahoning Valley, the Susquehanna,
the Buffalo and Susquehanna, the Cherry Springs and the Cross Fork RR. Cos. The
Coudersport & Wellsboro and the State Line RRs. were acquired subsequently. (See MANUAL
for 1896, p. 32, and MANUAL for 1897, p. 27.) The Fall Brook Ry. tracks are used under an
arrangement dated March 18, 1896. (See MANUAL for 1897, p. 27.)

Rolling1 Stock, June 30, 1897. — Locomotives, 16. Cars— passenger, 5 ; combination, 6 ;
baggage, mail, and express, 1; freight (flat, 256; box, 3; gondola, 500), 759 ; caboose, 5 ; ser-
vice, 3 — total cars, 779. Of this equipment, 1 locomotive, 1 combination, 3 box, and 7 flat
cars are leased.

Operations, year ending June 30, 1897. — Train mileage — passenger, 144,613; freight,
199,498; mixed, 36,407; other, 51,992— total, 432,510 miles. Passengers carried, 129,044;
carried one mile, 1,632,386 ; average mile rate, 3.16 cents. Tons freight moved, 1,031,336;
moved one mile, 33,184,815; average ton-mile rate, 1.54 cents.

EARNINGS. 1896-97 1895-96

Passenger $51.66972 $43,29911}

Freight 503,72964 421,92506

Mail and Express 6,98904 5,06485

Miscellaneous 17,40922 17,55478

Totals $579,797 62 $487,843 85

Totals per Mile 5,17030 4,87843

EXPENSES. 1896-97 1895-96

Conducting Transportation $121,59308 $114,201 06

Maintenance of Equipment 53,592 91 47,564 49

Maintenance Way & Bldgs 63,520 87 71,391 80

General 37,00895 36,94004

Totals $275,71581 $270,09739

Totals per Mile 2,458 67 ' 2,700 97

Net earnings, 1896-97 (52-45 p. c.), $304,081.81. Payments: Interest, on bonds, $64,984.11;
sinking fund, $78,925.57 ; rental (W. C. & P. C. RR.), $8,557.50; taxes, $10,906.82; divi-
dend (No. 3, 5 p. c. paid Jan., 1897), $75,900— total, $239,274. Surplus, $64.807.81; surplus
forward, $27, 035. 81 -total, $91,843.62.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment §3,003,479 49

Fuel, Materials, and Supplies 27,937 50

Sinking Fund, Unexpended Balance 79,444 49

Cash on Hand and in Transit 19,239 51

Due from Other Companies 22,731 92

Due from U. S. Government 944 91

Advanced Insurance Premiums 3,858 79

Bills Receivable 41,277 23

Sundry Other Accounts 36,078 61

Total Assets $3,234,992 45

Capital Stock(anth.. $2,000,000; shares,$50).$l,518,000 00

Funded Debt Outstanding (see below) 1,289,000 04

Sinking Fund Reserve 262,802 10

Unpaid Pay-rolls and Audited Vouchers . . . 49.395 59

Interest Accrued, not Due 16,112 40

Acconnt* Payable 4500

Interest Due and Unpaid 56250

Equipment Reserve Fund 2,00000

Taxes Accrued 5,231 22

Profit and Loss 91 ,843 65

Total Liabilities $3,234,992 40

80 POOK'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Funded debt, June 30, 1897, consisted of $1,470,000 (outstanding, $1,289,000; retired by sinking fund, and'
cancelled, $181,000) out of an authorized issue of $2,000,000 1st mtge. 5 p. c. 20-yr. gold bonds, due Oct. 1,
1913, interest April 1 and Oct. 1, at the office of Harvey Fisk & Sons, New York. Trustee: Mercantile Trust
Co. of New York. Bonds are issued in two series — series " A " consisting of bonds of $1,000 each, included in
Nos. 1 to 1,045; series " B " consisting of bonds of $500 each, included in Nos. 1 to 100. The bonds are
limited in issue to $15,000 per mile of completed road. They are secured by a mortgage covering the entire
property and equipment of the company, as also by deposit with the trustee of the entire capital stock and
bonds of the Wellsville, Coudersport and Pine Creek Ry., and by an additional mortgage covering about 86,-
000 acres of hemlock timber lands and the timber standing thereon. The sinking fund clause provides for the
purchase and retirement each year, at a price not exceeding par and accrued interest, of an amount of bonds
equal to the total amount of bonds outstanding divided by the number of years they have to run. If no
bonds can be purchased under this provision, the sinking fund clause provides that they shall be drawn at
par and accrued interest. In Oct., 1897, $77,500 additional of these bonds were retired by action of the sink-
ing fund, leaving outstanding $1,211,500, an average of $11,870.46 per mile of road owned.

terest on bonds, $1.537. Deficit for year, $4,572. Fi-
nancial Statement, June 30, 1897.— Capital stock
(auth., $100,000; shares, $100), $62,700; funded debt
(mtge. 6 p. c. $500 coup, bonds, due Oct. 1, 1902, In-
terest April and Oct., at Treasurer's Office), $20,500;
profit and loss, $29,803— total, $113,003. Contra: Cost
of property, $112,953 ; cash, $50— total, $113.003. Trns-

Wellsville, Coudersport and Pine
Creek: RR.— Wellsville, N. Y., to N. Y.-Pa. State
Line, 10.08 m. ; total track (steel; 63 Ibs.), 11.30
miles. Gauge, 4 ft. 8} in. Chartered Nov. 14, 1881;
road opened Sept. 1, 1890. Leased for 85 years from
Jan. 1, 1896, to the Buffalo and Susquehanna RR.
Co., annual rental, $8,250, together with all taxes
and maintenance of the property. Locomotive. 1.
Cars— passenger, 2; freight (box, 3; flat. 7). 10— total,
12. Rental, year ending June 30, 1897. $8,557; ex-
penses and taxes, $11,592. Deficit, $3,034. Paid In-

tee of bonds: S. F. Hunks. F. H. Goodyear, Prcs. ; E. O.
Cheney, Treas., Buffalo, N. Y.; W. H. Sullivan, Sec.,
Austin, Pa. General Office, Wellsville, N. Y.

Board of Directors, Buffalo and Susquehanna RR. Co., elected Jan. 10, 1898.

F. H. Goodvear Buffalo, N. Y.

C. W. Goodyear " "

W. I. Lewis Coudersport, Pa.

N. N. Metcalf ...Aiistin, Pa.

P. H. Farrell.

W. H. Sullivan Austin, Pa.

W. C. Park...

Daniel Collins.

M. E. OLMSTED, President and General Counsel Harrisburg, Pa.

F. H. Goodyear, 1st Vice-Pres. and Chairman of Board Buffalo, N. Y.

Zd V.-P. & Gen. Man.—C. W. Goodyear. Buffalo, N. Y.
Treasurer— E. O. Cheney.

Secretary—I?. A. Lehr Buffalo, N.»Y.

Auditor— F. H. Freeborn l> "

PRINCIPAL OFFICE Buffalo, N. Y.

BUFFALO, ROCHESTER AND PITTSBURGH RAILWAY COMPANY.

(For map of this road, see page 31.)

( Buffalo Creek, N. Y., to Howard June. Pa.. . .80.84 m.

Main Lines Owned : •< Clarion Junction to Walston, Pa 65.55 in.

( Rochester, N. Y., to Ashford, N. Y 93.70 m.— 340.09 miles.

(Beechtree Mine. 5.15 m.; Eleanora Mine, 5.65 m.; Adrian Mine,
Branches: -j 2 gg m ' ' ' 1C 6g „

D ., ( Lincoln Pk.& Charlotte RR.: Lin. Pk. to Charlotte, N.Y. 10.30m.
proprietary )Perry RR . gilver Lake Junc to 8}lver Springs, N. Y. 1.03 m.

( Johman.1). & Bradford RR.: Howard Jc. to Mt.Jewett,Pa. 19.60 m.— 30.93 "
T , ( Clearfield & Mahoning Ry.: Du Bois Jc. to Clearfield, Pa. .25.87 m.

ceased : -j Majloning yauey Rft.; Stanley to Helvetia, Pa 1.89 m.— 27.76 "

( Erie RR.; Mt. Jewett to Clarion June., Pa 20.76 m.

Buffalo Creek RR.: Buffalo to Buffalo Creek, N. Y 1.92 m.

Trackage : \ W. N. T. &P. Ry.: E. Buffalo to Buffalo Creek, N. Y. . 1.96 m.
N. 7. C. & H. R. RR.: Buffalo to E. Buffalo, N. Y. . . . 1.09 m.
I Beech Creek RR.: Beecli Creek Junc. to Clearfield, Pa. 0.47 m.— 26.20 "

Total length of all lines operated, June 30, 1897 338.66 miles.

Sidings, etc. (owned, 127.92m.; leased, 15.96 m.), 143.88 miles. Gauge, 4 ft. 8^ in. Rail
(steel, main track— owned, 284.70 m.; leased, 27.76 m.— total, 312.46 m.), 60, 71, and 80 Ibs.

History. — Consolidation, March 11, 1887, of the Buffalo, Rochester and Pittsburgh and
the Pittsburgh and State Line RR. Cos. (See MANUAL for 1887, p. 126.) This company owns
the entire capital stock of the Perry, the Lincoln Park and Charlotte, and the Johnsonbur^
and Bradford RR. Cos. The track of the Erie RR. is used at an annual rental of $35,464.03
and a proportionate share of maintenance. (See MANUAL for 1894, p. 36.) This company
owns the entire capital stock of the Rochester and Pittsburgh Coal and Iron Co. (see page 33).

Rolling Stock, June 30, 1897. — Locomotives, 132. Cars — passenger, 43; baggage, 10;
freight (box, 1,515; stock, 10; refrigerator, 3; flat, 348; gondola, 5,174), 7,050; caboose,
66 ; other, 184 — total cars, 7,353. Of this equipment 16 locomotives, 8 coaches, 100 box and
1,600 gondola coal cars are covered by car trust, and 11 locomotives, 2 box, and 399 gondola

^rt'ii £^£* sp«5.'
&. '•HT^J, 7S

) ">><!„ t'D.Mi...-ts.Hr4>re8'>''"'/

^''%^;\|^<^psscr -^^

_J^Cetllehet>, 1#T '"^"^JS^.fioi. ,-^^ivi5e -SO

...jwrf*O(~l><**11

Johnstown / '(Roaring

MAP OF THE

BUFFALO, ROCHESTER
AND PITISBURG

/ RAILWAY.

H.lia-- — -vBridgeport

32

POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

cars are leased. Since June 30, 1897, there have been added to the equipment, by means of
car trusts, 10 locomotives, 300 gondolas, 100 coke cars, and 100 box cars.

Operations, year ending June 30, 1897. — See tabulated statement below.

Earnings— Passenger $328,539 52

Freight 2,764,588 97

Mail and Express 39,327 55

Miscellaneous 179,309 77

Total ($9,779.02 per mile) p,311,765 81

Expenses— Conducting Transportation.. . .
Maintenance of Equipment. . . .
Maintenance Way and Bldgs..
General . . .

$1,144,622 99

602,869 81

407,002 64

98,958 73

Total ($6,654.03 per mile) $2,253,454 17

Net earnings (31.95 p. c.), $1,058,311.64; add rents, $4,030.28; interest on balances, etc.,
$16,479.94 ; sundry receipts, $15,000— total income, $1,093,821.86. Payments : Interest on
bonds (mtge. bonds, $533,370; income bonds, $300; debenture bonds [one day] $166.67;
real estate mtges., $15,165.67; car trusts, $30,875; guar. bonds, $18,900), $598,777.34; rentals
accrued, $120,664.70; interest on balances, etc., $46,704.75; taxes, $76,703.80; extraordinary
expenses and improvements, $20,084.14— total, $862,934.73. Surplus, $230,887.13; surplus
forward, $185,427.73— total, $416,314.86. A dividend of 1 p. c. on the preferred stock was
paid Aug. 16. 1897, and another on Feb. 15, 1898.

Statement of property, operations, and capital account for eight years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles RR. Operated

304.46
410,170
885,891
623,521
12,745,056
1,759,992
^13.157,178

812,163
1,395,252
205,757

304.46
417,982
1,398,569
681,885
14,536,949
2,390,878
333,372,993
$
329,361
1,983,864
198,259

304.46
464,464
1,658,007
762,512
15,6S7,269
2,844,466
405-646,685

358,894
2,410,507
177,705

304.17
522,485
1,948,924
802,937
16,152,858
3,327,538
492421,367

371,167
2,726,725
210,848

335.78
559,598
1,688,570
771,128
16,133,349
2,982,732
415,623,939

354,142
2,235,039
191,056

335.78
536,385
2.034,309
742,702
15,410,668
3,754,946
536,968,459

332,176
2,507,3*0
188,659

339.66
536,945
2,019,936
742,102
16,055,899
3,775,504
542,557.063

346,078
2,595,678
200,132

838.66
540,339
1,941,697
714,827
15,374,634
4,373,188
575.169,465
$
328,540
2,764,589
218,637

Passenger Train Miles ....
Freight Train Miles

Passengers Carried

Passengers One Mile

Tons Freight Moved

Tons Moved One Mile

Passenger Earnings

Freight Earnings

Other Earnings

Total Earnings

1,913,172
1,336,261

2,511,484
1,790,323

2,947,106
2,082,621

3,308,741
2,357,411

2,780,237
2,050,435

3,028,215
2,172.428

3,141,888
2,200,716

3,311,766
2,253,454

Operating Expenses

Net Earnings

576,911
45,974

781,161
30,674

864,485
52,555

951,329
45,724

729,802
39,588

855,787
38,225

941,172

37,888

1,058,312
35,510

Other Receipts

Total Available Revenue

622,885
489,350

751,835

512,199
72,985
45,303

917,040

542,491
73,195
59,905
150,000
54,854
+ 43,595

9,679 75
6,840 03
2,839 72
70.67 p. c.
2.28 c.
0.59 c.

264.23
353.93
315.65
107
46
6,320
$
12,000,000
9,400,500
201,717
106,855
317,090
138,112

997,053

578,276
72,981
64,655
225,000
29,440
+26,702

10,877 93
7,75030
3,127 63
71.26 p. e.
2.32 c.
0.55 c.

263.94
360.93
322.84
127
54
7,061
$
12,000,000
10,725,500
478,875
124,489
374,013
104,234

769,390

624,494
123,932
69,890

894,012

687,523
124,960
59,728

979,060

649,761
127,460
63,642

1,093,822

645,482
120,665
76,704

Rentals Accrued

Taxes

46,339

Dividends on Preferred St'k
Other Charges

56,292
+ 30,904

6,283 82
4,38895
1,894 87
69.84 p. c.
2.66 c.
0.65 c.

264.23
340.38
304.46
91
40
5,611
$
12.000,000
8,657.140
210,000
98,963
269,627
20,621

46,886
+74,462

8,248 98
5,880 32
2,368 66
71.28 p. c.
2.26 c.
0.60 c.

264.23
349.74
311.46
98
45
6,071
$
12,000,000
8,750,500
545,000
98,346
294,266
94,517

30,101
—79,027

8,279 93
6,106 48
2,173 45
73.75 p. c.
2.20 c.
0.54 c.

285.15
397.64
362.64
135
54
6,978

12,000,000
10.893,500
666,000
127,178
349,151
25,207

39,132
+42,669

9,018 45
6,469 79
2,548 66
71.74 p. c.
2.18 c.
0.46 c.

285.15
397.26
365.26
137
53
7,088

12,000,000
10.824,500
878,970
126,787
583,211
67,873

20,553
+ 117,644

9,25001
6,479 17
2,77084
70.05 p. c.
2.18 C.
0.47 C.

285.70
405.98
285.70
138
54
7,439
$
12,000,000
10,968,500
762,000
130.922
573,682
185,428

20,084

+230,887

9,779 02
6.654 03
3,124 99
69. 05 p. c.
2.16 c.
0.48 c.

284.70
412.62
284.70
132
53
7,300

12,000,000
11,827,500

Balance (+ or — )...

Gross Earnings per Mile —
Gross Expenses per Mile —
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per M .
Aver. Rate per Ton per M . .

Miles RR. Owned

Miles Track Owned

Miles Steel Rail Owned ....
Locomotives

Pass, and Baggage Cars —
Freight and Other Cars

Capital Stock

Funded Debt

Bills Payable

Interest Accrued

ISO.ia'i
558,164
416,315

Sundry Accounts

Total Liabilities

21,256,351

19,322,272
1,003,671
228,257
207,353
480,243
14,555

21,782,629

19,770,453
1,003,751
294,945
217,400
455,058
41,022

22,164,274

20,124,638
1,003,671
286,636
261,916
455,019
32,394

23,807,111

21,623,885
1,003,671
240,463
371,683
542,000
25,409

24,061,036

21,959,711
1,003,671
254,127
250,420
572,000
21,107

24,481,341

22,220,067
1,003,871
261,985
368,412
586,009
41,197

24,620,532

22,486.935
1,003,670
245,814
519,059
304,000
61,054

24,932,164

22,599,790
1,003,670
297,890
629,436
292,000
109,378

Road and Equipment
Stocks, Bonds, etc

Materials

Accounts and Assets

Bills Receivable

Cash on Hand

Total Assets

21,256,351

21,782,629

22,164,274

23,807,111

24,061,036

24,481,341

24,620,532

24,932,164

POOR'S MANUAL — BUFFALO, ROCHESTER AND PITTSBURGH RY. CO. 33
General Balance Sheet, June 80, 1897.

Cost of Road $16,797,391 61

Cost of Kolling Stock 4,290,578 14

Cost of Proprietary Roads 1,511,819 66

Advances to Clearfleld & Mahoning Ry. . 110,271 02

Stock R. & P. Coul and Iron Co 1,003,670 50

Materials and Fuel on Hand.

297.889 58
Due, by Agents and Conductors 315,684 06

Bills Receivable ,

Sundry Accounts and Assets.

Cash on Hand

292,000 00
203,481 24
109,378 03

Common Stock (shares, $100) $6,000,000 00

Pref.-rred Stock (shares, $100) 6,000,000 00

Funded Debt Outstanding 11,827,500 00

Current Accounts , 26,268 90

Interest Accrued, not Payable 130,185 13

Audited Vouchers and Pay Rolls.

Rentals Accrued

Profit and Loss . . .

526,439 61
5,455 34
416,314 86

Total Assets $24,932,163 84 Total Liabilities $24,932,163 84

Preferred stock is entitled to annual dividends of 6 p. c. (non-cumulative) before com.
mon stock can participate.

Statement of funded debt, authorized and outstanding, June 30, 1897 :

DESCRIPTION OP BONDS AND PROPERTY
MORTGAGED.

Dates of Issue
and Maturity.

INTEREST.

Amount
Author-
ized .

Amount
Out-
standing.

Rate.

When
Payable.

1st Mtge. (R. & P.) Rochester to Salamanca. . .
Income 2d Mtge., Rochester to Salamanca
Consol. 1st Mtge., Entire Road

M.

108.41
108.41
273.37
273.37
273.37
r ann.
r ann.
r ann.
rann.

Feb. 1, 1881-1921
Feb. 1, 1881-1921
Dec. 1, 1882-1922
Sept. 1,1887-1937
Jan. 1, 1897 1947
June 1, 1890-1900
June 1, 1892-1902
Mar. 1, 1894-1904
Mar. 1, 1895-1906
Various.
Jan. 1, 1889-1939

June 1, 1882-1902

6 p. c.
6 p. c.
6 p. c.
5 p. c.
6 p. c.
5 p. c.
5 p. c.
5 p. c.
5 p. c.
5&6
5 p. C.

7 p. c.

Feb. &Aug.
Feb. & Aug.
Dec. & June
Mar. & Sep.
Jan. & July
June & Dec.
June & Dec.
June & Dec.
June <fc Dec.
Various.
Jan. & July

June & Dec.

¥
1,300,000
1,870,000
6,500,000
10,000,000
3,000,000
225,000
470,000
155,000
237,500
318,500
350,000

20,000

$
1.300,000
1,870,000
3,920,000
4,407,000
1,000,000
100,000
282,000
98,000
72,000
301,500
350,000

20,000

Qen. Mtge. (B., R. & P. Ry.)
Debenture Bonds

Car Trust Certificates, No. 7, payable $25,000 pc
Car Trust Certificates, No. 10, payable $47,000 p«
Car Trust Certificates, No. 11, payable $14,000 pe
Car Trust Certificates, No. 12, payable $8,000 pe
Bonds and Mtge. on Real Estate

1st Mtge. Lincoln Park and Charlotte RR . . .

1st Mtge. (Perry RR.) Silver Lake Junction to Silver
Springs, 1 .03 miles

Total

iM,44!i,000

13,695,500
1,868,000

Less $1,865,000 Incomes and $3,000 Consols hell
Amount Outstanding as per General Balance SI

IbyTi

teet

•ustee

11,827.500

Since June 30, 1897, car trusts have been increased $298,000 and additions made to rolling stock as shown
on page 32.

Income bonds are non-cumulative; interest payable yearly in Feb., if earned. The R. & P. firsts, the
consols of 1922, the general mtge. bonds of 1937, the Lincoln Park and Charlotte bonds, and Series 10 car
trust certificates are payable, principal and interest, in gold.

The consols are limited in issue to $20,000 per mile of completed road. The mileage of the company
would permit the issue of $5,220,000 (which includes bonds provided by the mtge. to be issued on sidings in
Buffalo and .Rochester, at the rate of $20,000 per mile), but of this amount $1,300,000 are held by the trustee
to cover the outstanding $1,300,000 1st mtge. bonds on the Rochester Division. Of the remaining $3,920,000
that could be issued, $935,000 were reserved to take up the $1,870,000 2ds of the Rochester Division. Of this
amount $932,000 have been issued, and $1,864,000 of the income bonds received by the trustee, making the
actual amount of consols outstanding June 30, 1897, $3,917,000. The trustee holds $3,000 consols to redeem
$5,000 income bonds outstanding and $1,000 bond owned by the company.

The general mortgage bonds are secured upon the entire property of the company. Total amount auth-
orized, $10,000,000; of which $1,300,000 are reserved for the retirement of R. & P. 1st mtge. bonds, due in
1921; $3,920,000 for the retirement of consol. mtge. bonds, due in 1922; and $20,000 for the retirement of
Perry RR. 1st mtge. bonds, due in 1902 — a total of $5,240,000 of gen. mtge. bonds reserved to retire prior
bonds. The remaining $353,000 of gen. mtge. bond* (Nos. 9,648 to 10,000) are held to provide means for
building a line from Mt. Jewett to Johnsonburg, Pa. The bonds reserved for the retirement of prior liens
can be certified to by the trust compan3r, and issued only as an equal amount of the bonds to be retired are
cancelled and delivered to the Union Trust Co. The present outstanding car trusts were created subsequent
to the gen. mtge., and are not provided for in that mortgage. The bonds are for $1,000 gold each, in coupon
form, with privilege of registration.

The debenture bonds were authorized to provide funds to pay loans received during past years for con-
struction and equipment, and to furnish capital for similar requirements in the future. Authorized amount,
$3,000,000, of which $1,000,000 have been sold at par and interest. The company reserves the right to retire
these bond? on any Jan. 1 or July 1, upon twelve weeks' notice, at 105 and accrued interest. Interest pay-
able at office of the trustee, Guaranty Trust Co., New York, N. Y.

Interest on bonds, other than debentures, payable at trustee's office, Union Trust Co., New York, N. Y. ;
on car trust certificates, at the Gallatin Bank, New York, N. Y.

ROCHESTER AND PITTSBURGH COAL AND IRON Co. — The operation of this property for the fiscal year,
after deducting $41,666.72 bonds that were paid off out of the net earnings, shows a profit of $178,980.10.
Against this profit the company charged $138,645.64, being the entire amount expended during the year for
mining machinery, buildings, equipment, the development of mines, and the construction of 200 new coke
ovens, leaving a balance of $40,334.46 which was carried to the credit of its profit and loss account. The
Helvetia mining property, comprising 7,261 acres of coal lands and rights in Jefferson and Clearfield
counties, Pa., was purchased on May 1, 1896, for $1,100,000, in 5 p. o. purchase money mtge. 30-yr. sinking
fund gold bonds. As additional security for these bonds, there is pledged with their trustee the capital
stock of the Mahoning Valley RR. Co. The sinking fund on the bonds is at the ratg of four (4c) cents per
net ton of coal mined after May 1, 1899, to be applied to retiring the bonds, by lot, at 110 and interest.

POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROtTP.

JEFFERSON AND CLEAKFIELD COAL AND IRON Co. — This company was organised to acquire the proper''
ties formerly belonging to the Bell, Lewis and Yates Mining Co. and to the firm of Bell & Lewis. It
created the following securities: $2,000,000 1st mtge. 5 p. c. 30-yr. sinking fund gold bonds; $1,000,000 2d
mtge. 5 p. c. 30-yr. sinking fund gold bonds; $1,500,000 5 p. c. non-cumulative preferred stock, and $1,500,000
common stock. These securities were issued in payment for the properties porchasedt and to provide a cash
wonting capital of $300,000.

The R. & P. C. & I. Co. bought the following securities of the Jefferson and C.learfield Coal and Iron
Co. : $500,000 Ists, $300,000 preferred and $1,500,000 common stock. On the basis of the reported earnings of
the purchased properties for a series of years, these securities will earn the interest on their cost.

PROPRIETARY AND LEASED LINES OF THE B., R. & P. RY. Co.

Clearfield and Malioiilng Ry.— Du Bois
June, to Clearfield, Pa., 25.87 in.; total track (steel;
60. 70, and 80 11*.), 38.41 miles. Chartered May 31,
1892. Built under an agreement dated May 10. 1892,
between the B., R. & P., the P. & R. and the N. Y,C,
& H. R. RR. Cos. Completed in May, 1893; opened
June 30, 1893. Leased in perpetuity. Jan. 3, 1883;
to the B., R. & P. Ry. Co., the lessee guaranteeing
the bonds, principal and interest, and also 6 p. c. per
annum on stock, all payments to be made in gold.
The guarantee is endorsed on the bonds and on the
stock certificates. Financial Statement. June 30,
1897.— Capital stock ($50 shares). $650.000; funded
debt, 1st mtge. 5 p. c. 50-yr. $1,000 bonds, due Jan.
1, 1943, interest Jan. and July, $050,000; unfunded
debt, $110,271— total, representing cost of road, etc.,
$1,4-10.271. Trustee of bonds: Guaranty Trust Co.,
New York, N. Y. Interest payable by trustee.
Jeremiah M. Grosh. Pres. ; Jno. G. Whltmore. Sec.,
Ridgway, Pa.; John F. Dinkey. Treas.. Rochester,
N. Y. General Office, Ridgwuy. PH.

.loli nsoii IMI rji and Bradford RR.— Howard
June, to Mt. Jewett. Pa.. 19. <> m.; total track (steel;
60, 70, and 80 Ins.), 24.95 miles. Chartered Nov. 15,
1887; opened June 1. 1893. Operated by the R., R.
& P. Ry. Co. Capital stock, $420.(HiO: funded debt
at 5 p.'c. interest. Jan. and July (all owned by B., R.
& P. Ry. Co.), $420,000; unfunded debt. $83,126—
total, representing cost of road, etc., $923,126. A
majority of the stock and all the bonds are owned by
and held in the treasury of the B.. R. & P. Ry. Co.
C. H. M'Cauley. Pres.; John (!. TVhitmore. Sec.,

MahoninK' Valley RR.— Helvetia to Stanley,
Ridgway, Pa. ; John F. Dinkey. And. & Treas.,
Rochester, N. Y. General Office, Ridgway, Pa.

Pa., 1.89 miles. Sidings, 3.42 miles. Gauge, 4 ft. 8}
in. Rail (steel), 60 Ibs. Chartered Oct. 14, 1890;
road opened Jan. 15, 1891. Leased in perpetuity, May
1, 1896, to the Buffalo, Rochester and Pitts. Ry. Co.,
at an annual rental of $15,000. Locomotive, 1. Cars
—freight (box, 2; coal, 399), 401. Rental, year end-
ing June 30, 1897, $15,000; expenses and taxes, $13,-
135; net income, $1,865. Paid dividends (4 p. c.),
$1,865. Financial Statement, June 30, 1897.— Capital
stock (shares, $100), $45.000; accounts, $218,915;
profit and loss, $2,500— total. $266,415. Contra: Cost
of road, etc., $259.152; accounts, $7,256— total, $266,-
415. C. H. McCauley, Pres.; J.ohn G. Whitmore, Sec.,
Ridgway, Pa.; John F. Dinkey, Treas., Rochester,
N. Y. General Office, Ridgway, Pa.

Lincoln Park and Charlotte RR.— Lincoln
Park to Charlotte, N. Y., 10.30 m.; rail (steel), 70
Ibs. Gauge, 4 ft. 8J In. Chartered Dec. 1, 1888;
opened Aug. 12, 1889. Merged into the Buffalo,
Rochester and Pittsburgh RR. Co., which gun ran tees
interest on bonds. Capital stock, $100.000; funded
debt (described on p. 33). $350,000, advanced by B.,
R. & P. Ry. Co., $103.855— total, representing cost,
.*553.855. Interest payable at the Union Trust Co.,
New York.

Perry RR.— Silver Springs to Silver Lake June.,
N. Y., 1.03 m.; total track (steel; 70 Ibs.), 1.27
miles. Chartered May 9, 1882; opened Aug., 1882.
Built by the R. & P. RR. Co., and merged into
the B., R. & P. Ry. Co., which owns the entire
capital stock. Capital stock (authorized $20,000),
$8,254; funded debt (described on p. 33). $20,000.
guar. by the R. & P. RR. Co.— total, representing
cost, $28,254. Interest June and Dec., at the office
of the B., R. & P. Ry. Co.. 36 Wall St., New York.

Board of Directors, .B., R. & P. Ry. Co., elected Nov. 15, 1897.

Adrian Iselin, Jr. . .New York, N. Y.
Walter G. Oakman. "
Anguste Richard. . . "
John H. Hocart —

W. H. Peckham. . . .New York, N. Y.

Jas. A. Roosevelt... New York.N.Y.

Henry I. Barbey

W.Emlen Roosevelt, " "

W. A. Wilbur.... So. Bethlehem, Pa.

J. Kennedy Tod...

C..O'D. Iselin

Walston H. Brown.
Arthur G. Yates Rochester, N, Y.

AUTHOR G. YATES, President, Rochester, N. Y.

Adrian Iselin, Jr., Vice- President New York, N. Y.

Qeo. E. Merchant, Assistant to President Rochester, N. Y.

Sec. and Asst. Treas.— John H. Hocart, New York,N.Y. | Auditor and Treas. — John P. Dinkey, Rochester, N.Y.

PRINCIPAL OFFICE AND ADDRESS Rochester, N. Y.

Financial Office 36 Wall St., New York, N. Y.

HUNTINGDON AND BROAD TOP MOUNTAIN RR. AND COAL CO.

Main Line of Road. — Huntingdon, Pa., to Mount Dallas, Pa 45.0 m.

Branches and extensions to mines, etc 18.3 m. — 63.3 miles.

Sidings, etc., 20.7 miles. Gauge, 4 ft. 9 in. Rail (steel, 63.3 m.), 70 and 85 Ibs.

History. — Incorporated May 6, 1852 ; road opened throughout in 1867. (See MAWUAL
for 1890, p. 281.)

Rolling Stock, June 30, 1897. - Locomotives, 23. Cars— passenger, 10 ; freight (box, 1 ;
coal, 2,600), 2,601 ; caboose, 12 ; other, 54— total, 2,677. Of the coal cars, 2,405 are held
under car trust.

Operations, year ending June 30, 1897.— Train mileage — passenger, 08,955 ; freight,
318,346; other, 8,110— total, 395,411. Passengers carried, 75,551 ; carried one mile, 1,661,-
153 ; average mile rate, 2.52 cents. Tons freight moved, 2,545,216 ; moved one mile, 103,-
860.002 ; average ton-mile rate, 0.462 cent,

Earnings— Passenger $41,854 7 1

Freight 473.09:) 55

Mail and Express 9,173 59

Miscellaneous 3.258 31

Total C$8,440.50 per mile) . $534,285 19

Expenses— Conducting Transportation : $129,86220

Maintenance of Equipment 29,072 66

Maintenance Way and Bldgs 46,887 45

General 45,494 87

Total ($3,970.21 per mile) $251,317 18

POOR'S MANUAL — HUNTINGDON & BROAD TOP MOUNTAIN RR. & COAL CO. 35

Nt-t earnings (52.98 p.
$1,681.06; dividends (on
common, Jan., 1897, 1 p.
$20,767.88.

Capital stock, bonded

Years.

1890..
1891.
1892.
1893.

Capital
Stock.

Bonded
Debt.

...3,362,300 2,280,500

..3,362,300 2,280,500

..3,371,750 2,280,500

. 3,371,750 2,280,500

1894. . ..3.371.750 2,280,500

1895.
IS.Hi.

..3,371,750 2,280,500
3.3:1.750 2.28 ',500

1897. . .,3,371,750 2,280,500

c.), $282,968.01.
preferred stock,
c.), $133,717.50;

Payments : Interest on bonds, $106,190 :
Jan., 1897, 34 p. c., and July, 1897, 24
taxes, $20,611.57— total, $262,200.13.

; on debt,
p. c.; on
Surplus,

debt, revenues, etc., for eight fiscal years ending June 30 :

Cost and
Invest-

RR.
Oper-

Gross
Earn-

Expenses
and

Net
Earn-

Inter-

Divi-

Balance

ments.

ated.

ings.

Taxes.

ings.

est.

dends.

(+ or — )

$

Miles.

$

' $

$

$

$

$

6,019.686

64.20

642,057

288.528

353,527

129,695

99,290

+ 89,918

6,180,524

64.20

706,624

354,972

351,652

123,455

119,433

+ 108,764

6,337,602

63.50

664,553

309,643

354,910

6,507,418

63.30

719,545

344,370

375,174

117,215

201,729

+ 56,231

6.601.409

63.30

583,565

282,972

300.593

117,295

20S.5SS

-25,290

6,675,348

63.30

632,804

283,310

349,494

117,295

208.750

+ 22,162

6,010,053

63.30

648,476

295,186

353,290

107,480

194.870

+ 50,940

6,010,854

63.30

534,285

271,929

262,356

107,871

133,718

+ 20,768

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $5,947,165 90

Real Estate and Buildings
Stocks and Bonds Owned. . .
Materials and Fuel on Hand

Cumberland Mine

Bills Receivable

Current Accounts

63,518 98
14450

13,441 96

28,907 91
20000

46,44844
Cash on Hand 140,360 77

Common Stock Paid (shares, $50) $1,371,75000

Preferred Stock Paid (shares, $50) 2,000,000 00

Funded Debt Outstanding (see below) 2,280,500 00

Bills Payable 30.00000

Current Accounts 47,440 93

Addition to H. & B. T. Car Trust Fund. . . . 64,315 37

Other Liabilities 10,14600

Profit and Loss 436,03616

Total Assets $6,240,188 46 Total Liabilities $6,240,188 46

Preferred stock has preference for dividends up to 7 p. c. (See MAKUAL for 1896, p. 38.)
The funded debt ($2,280,500) consisted, June 30, 1897, of the following issues :

1st mtge. ext. 4 p. c. 30-yr. $500 coup, bonds, due Sept. 30, 1920, interest April and Oct $416.000

2d mtge. ext. 4 p. c. 20-yr. $500 coup, bonds, due Feb. 1, 1925, interest Feb. and Aug 367^500

Consol mtge. ext. 5 p. c. 30-yr. $1,000 coup, gold bonds, due March 31, 1925, interest April and Oct. 1,497,000

The bonds cover the entire property of the company. The Ists .were extended from 1870 to 1890 at 7
p. c., and then to 1920 at 4 p. c. The 2d 7s were extended 30 years from Feb. 1, 1895, at 4 p. c., and the
consol. currency bonds were extended 30 years from the same date in gold. Ists and 2ds are plain coupon.
In April, 1881, the rate of interest on consols was reduced from 7 p. c. to 5 p. c. and arrears of interest
were settled, two-thirds in preferred stock and one-third in common stock, at par. Trustee of bonds: Girard
Life Ins. and Trust Co., Phila., Pa. Interest payable at the office of the company.

The total amount of consolidated car trust bonds was $680,000, due $68,000 yearly on Oct. 1, interest at 5
p. c., payable April and Oct. at the Merchants' Trust Co., Philadelphia, Pa. They are secured on 2,405 cars
(see MANUAL for 1897, page 32).

SUPPLEMENTARY STATEMENT.— 7Ve.ijjwr<;r's .4cc0wn£, year ending Dec. 31, 1897.— Cash
on Land Jan. 1, 1897, $134,404.74 ; receipts from freight, passengers, car mileage, etc., $G80,-
095.27 — total, $814,500.01. Contra : Operating expenses, taxes, construction and equipment,
etc., $306,878.34 ; interest on bonds, $106,655; dividends— preferred (6 p. c.), $120,063.25;
common (1 p. c.), $13,956.75; Cumberland Mine, $32,721.51 ; consol. car trust fund, $32,-
644.02 ; addition to consol. car trust fund, $2,853.21 ; payment on account principal consol.
car trust cars, $68,000 ; balance in hands of treasurer, Dec. 31, 1897, $130,727.93— total,
$814,500.01.

General Balance Sheet, Dec. 31, 1897.— Capital stock, $1,371,750 ; preferred stock, $2,-
000,000 ; funded debt, $2,280,500 ; stock scrip, $352 ; interest and dividends unpaid, $9,-
8-36.25 ; bills payable, $30,000 ; pay-rolls, vouchers and accounts, $33,570.82 ; addition to con-
sol. car trust fund, $63,807.02; profit and loss, $422,870.67— total, $6,212,713.76. Contra:
Cost of road and equipment, $5,947,978.98 ; real estate, $63,518.98 ; supplies, $14,072.30 ;
Cumberland Mine, $18,142.85 ; insurance " car trust cars," $4,545.45; Philadelphia Bourse
stock, $144.50 ; bills and accounts, $33,582.77 ; cash on hand, $130,727.93— total, $6,212,713.76.

Directors (elected Feb. 1, 1898).— Jacob Naylor, William Bault, Lewis A. Riley, Geo. H.
Colket, "Wm. H. Shallcrops, Thomas R. Patton, Jjirnes Whitaker, Harrison K. Caner, Chas.
S. Farnum, Uobert H Crozer, Philadelphia, Pa.; Samuel Bancroft, Jr., Edward Bringhurst,
Jr., Wilmington, Del.

SPENCER M. JANNEY, President Philadelphia, Pa.

Samuel Bancroft, Jr., Vice- President Wilmington, Del.

Sec. <t Treas.—J. P. Donaldson Philadelphia, Pa. | Gen. Manager— Carl M. Gage Huntingdon, Pa.

PRINCIPAL OFFICE AND ADDRESS 4th and Walnut Sts., Philadelphia, Pa.

POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

LEHIGH AND HUDSON RIVER RAILWAY COMPANY.

Line of Road.— Belvidere, N. J.( to Gre.v court, N. Y 63.2 m.

Operated • -I Oranffe County RR. (see subjoined statement) 13.1 m.

' / South Eastern and PhillipsburgRR. (see subjoined statement) 0.7 m.

Trackage : Pennsylvania RR.: Belvidere to Phillipsburg, N. J 13.3 m. — 90.3 miles.

Sidings, etc., 21.25 mile?. Gauge, 4 ft. 8£ in. Rail (sreel— owned, 69.87 m.), 60 and 65 Ibs.

Hist'jry. — Charter, d April 1, 1882; road opened throughout, Aug. 14,1882. (See
MANUAL for 1891, p. 282.) The Orange County RR. is operated by this company, but ac-
counts are kept separate. A contract lor 100 years, entered into early in 1889 with the Pa.
RR. Co., gives to this company the use of the Pennsylvania RR. tracks between Belvidere
.ind Phillipsburg, and to the Pa. RR. use of this line to reach the Poughkeepsie Bridge.
There is also a trackage agreement with the N. Y., 0. & W. Ry. for use of line between
Burnside and Campbell Hall, N. Y., connecting with the Wallkill Valley RR. and West
Shore System.

Rolling1 Stock, June 30, 1897. — Locomotives, 22. Cars — passenger, 5 ; combination with
baggage, etc., 7 ; freight (box, 115 ; flat, 20.; milk, 6 ; coal, 588 ; caboose, 12), 741; other, 3
— total cars, 756. Car trust covers 100 of the coal and 100 of the box cars.

Operations, year ending June 30, 1897 (77.20 m.). — See tabulated statement below.

Expenses— Conducting Transportation $100,887 16

Maintenance of Equit

Earnings— Passenger $19,711 31

Freight 285,732 53

Mail and Express 16,960 67

Miscellaneous. 4,673 25

Maintenance Way & Buildings. . 36,815 70
General 16,002 33

Total (§4,236.75 per mile) $327,077 76 Total ($2,362.48 per mile) $182,383 72

Net earnings (44.23 p. c.), .$144,694.04; other receipts, $53.38— total, $144,747.42. Pay-
ments : Interest on bonds, $110,936.80; on debt, $21,368.81; taxes, $9,789.81— total, $142,-
095.42. Surplus, $2,652; surplus forward, $83,041.98— total ($85,693.98, less sundry charges,
$457.23), $85,236.75.

Statement of operations, earnings, etc., for eight fiscal years ending June 30:

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad Operated.
Passenger Train Mileage. . .
Freight Train Mileage
Total Train Mileage....
Passengers Carried

63.20
40,754
151,497
205,857
91,298

77.20
73,944
181,765
292,256
84,522

77.20
52,287
199,179

287,887
93,477

77.20
88,409
310,645
434.8'.2
122.015

77.20
52,515
367,683
455,592
120,897

77.20
93,165
219,873
347,668
83,124

77.20
95,835
206,858
340,834
82,759

77.20
53.016
181,750
272,366
69,670

Passenger Mile?

903,696

960,2i2

1,157,576

2,751,551

3,114,278

873,264

920.385

796,029

Freight (tons) Moved. .

491,179

637,261

635,187

968,677

910,606

785,421

732.759

579,943

Freight (ton) Miles

25,373,483

36,626,160

37,372,821

63,990,322

61.463.948

51,237,741

47,965,370

36,114,819

Passenger Earnings ....

$
23,487

S
23,426

$
26,277

$
49,867

$
46,983

$
21,712

$
21,242

$
19,711

Freight Earnings

269,229

339,374

346,409

428,949

391,941

323,169

303,719

285,733

Mail and Express Earnings.
Miscellaneous Earnings....

5,590
16,026

6,003
12,899

6,739
11,918

9,163
19,190

15,680
26,253

22,920
25,111

27,792
18,219

16,961
4,673

Gross Earnings

314,a32

381,702

391,343

507,169

.480,857

392,912

370,972

327,078

Operating Expenses

178,909

233,414

198,945

342,561

347,727

243,880

215,822

182,384

Net Earnings ....

135,483

148,288

192.398

164,608

133,130

149,032

155,150

144,694

Other Receipts .

1,411

5,198

20,141

16,801

4,189

4,198

53

Total Available Revenue
Interest

135,423
92,829

149,699
111,143

197,5%
128,179

184.7'49
125,246

149,931
133,701

153,221
131,328

159,348
132,11,4

144,747

1 J2,30U

Taxes

7,067

4,853

7,320

8,198

8,571

9,009

8,900

9,790

Surplus or Deficit

S. 35,527

-ST. 33,703

S. 62,097

S. 51,305

S. 7,659

S. 12,884

.S'. 18,284

.:?. 2,652

Gross Earnings per Mile. . . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile. .

4,500.87
2,560.53
1,946.54
36.92 p. c.
2.60 c.
1.06 c.

4,944.32
3,023.50
1,920.82
61.15 p. c.
2.44 c.
0.93 c.

5,069.21
2,577.01
2,492.20
50.84 p. c.
2.27 c.
0.93 c.

6,569.54
4,437.32
2,132.22
67.54 p. c.
l.SOc.
0.67c.

6,228.72
4,504.24
1,724.48
72.31 p. c.
1.500.
0.64 C.

5,089.53
3,159.06
1.930.47
62.07 p. c.
2.48 c.
0.63 c.

4,805 34
2,795 62
2,009 72
58. 17 p. c.
2.30 c.
0.63 c.

4,236 75
2.3ti2 48
1,874 27
55.77 p. c.
2.46 c.
0.79 c.

The operating cost, for the year ending June 30, 1897, including taxes on all property
used in the operation of the road, was 58.75 p. c. of gross earnings, as against 60.57 p. c. for
the year ending June 30, 1896; 64.36 p. c. for the year ending June 30, 1895, and 74.09 p. c.
for the year ending June 30, 1894.

POORS MANUAL OF RAILROADS.

37

General Balance Sheet, June 30, 1897.

Cost of Road. , , $2,601,183 64

Cost of Rolling Stock 685,199 62

*Stocks and Bonds Owned 350,<TO 00

Materials and Fuel on Hand 23,151 07

Advances to O. C. RR., S. E. & P. RR. and

Mine Hill RR., Account Construction. . 317,950 73

Current Accounts 35,413 66

CashonHand 37,46350

Capital Stock (shares, $100)

Funded Debt Outstanding (see below)

Car Trusts (see below)

Bills Payable ..

Current Accounts

Audited Vouchers and Pay Rolls

Interest on Bonds Due and Accrued. . .

Profit and Loss

Total Liabilities.. .

$1,340,00000
. 2,043,36000
65,43J 00
. 420.500 00
11,76839
36,064 58
48,002 50
. 85,236 75
.$4,050,30222
Co. stock,

Total Assets $4,050,362 22

* Consisting of Orange County RR. stock, $200,000, and South Easton and Philljpsburg RR
$150,000— total, $350,000.

Funded debt consisted, June 30, 1897, of —

Warwick Valley RR. (14.5 m.) 1st mtge. 6s, July 1, 1879-1900, interest April and Oct $145,000

Wawayanda RR. (6.5 m.) 1st mtge. 6s, Jan. 1, 1880-1900, interest Jan. and July 65,000

Lehigh and Hudson River RR. (41.6 m.) 1st mtge. 5s, July 1, 1881-1911, interest Jan. and July 800,000

Warwick Valley RR. (21.6 m.) 2d mtge. 6s, Dec. 1, 1881-1912, interest April and Oct 240,000

Lehigh and Hudson River Ry. (63.2 m.) 2d con. mtge. 5s, July 1, 1887-1917, interest Jan and July 209,120

L. & H. Ry. general mtge. 5s, July 1, 1890-1920, interest Jan. and July 584,000

Funded certificate 5s, July 1, 1885-1890, interest Jan. and July 240

L. & H. Car Trust 6s, July 1, 1890-1894, interest Jan. and July , 16,000

Philadelphia Car Trust 6s, April 17, 1882-1890, interest Jan. and July 10,430

L. & H. R. Ry. Car Trust, series A, 6s, April 1, 1893-1898, interest April and Oct 39,000

All bonds are in coupon form; the Ists of 1900 are $500 and $1,000 bonds; others, $1,000. Interest payable
at New York National Exchange Bank, New York City, and at First National Bank, Warwick, N. Y. Trustees
of bonds: D. B. Halstead and Central Trust Co., New York, N. Y.

RAILROADS OPEKATED BY THE LEHIGH AND HUDSON RIVER RY. Co.

OraiiR'e County RR. — Hudson Jet. (Greycourt)
to Maybrook, N. Y., 10.7 miles. Trackage: N. Y.,
O. & W. RR., Burnslde to Campbell Hall, N. Y.

.. 2.4 m.— total, 13.1 m. ; sldiugs, etc., 3.43 miles.
Rail (stei?l). 65 Ibs. Chartered Nov. 28, 1888, road
built in 1889. The L. & H. R. Ry. Co. supplies the
equipment and operates the trains on this road. On
Jan. 1, 1891, the L. & H. R. Ry. Co. purchased the
stock of this company. Operations, year ending June
30, 1897.— Trains run (passenger, 5,934; freight, 20.-
509; other, 3,920), 30,363 miles. Passengers carried,
668; carried one mile, 3,688. Tons moved, 344,661;
ton-miles, 3,659,602. Earnings (passenger, $112,-
freight, $29,674; other, $2,825), $32,611. Operating
expenses and taxes, $32,558. Net earnings, $53, cre-
dited L. & H. R. Ry. Co., being surplus for year
ending June 30, 1897. Financial Statement, June 30,
1897.— Capital stock ($100 shares), $200,000; loans
and bills payable, $213,510; profit and loss, $4,048—

total, $417,558, representing cost of road. Directors
(elected Dec. 6, 1897).— J. W. Watson, Henry Graves,
S. M. Williams, J. R. Maxwell, Robt. W. De Forrest,
H. C. Fahnestock, Geo. F. Baker, Loyall Farragut,
H. W. Maxwell, New York, N. Y. ; Lewis A. Riley,
Samuel Dickson, S. Shepherd, Philadelphia, Pa'.:
John Sayer, Warwick, N. Y. Officers: J. W. Watson,
Pres., 143 Liberty St., New York, N. Y.; John Sayer,
Sec. & Treas.; E. M. Reynolds, And., Warwick,
N. Y. General Office, Warwick, N. Y.

South Easton and Phlllipsburg RR.—

South Easton, Pa., to Phillipsburg, N. J., about 0.7
mile. Organized July 25, 1889. Operated by the L.
& H. R. Ry. Co., and operations included in those
of that company. Capital stock (all owned by the
L. & H. R. Ry. Co.), $150,000; current liabilities,
$81,836— total, representing cost, $231,836. Corporate
Offices, Easton, Pa., and Phillipsburg, N. J.

Board of Directors, Lehigh and Hudson River Ry. Co., elected Dec. 6, 1897.

Grinnell Burt Warwick, N. Y. j Henry Graves New York, N. Y.

G. F. Baker New York, N. Y. Joseph S. Harris. . Philadelphia, Pa.

Charles Caldwell. .Newburgh, N. Y. Garret A. Hobart Paterson, N. J.

H. C. Fahnestock.. New York. N. Y. Edward Lewis Philadelphia, Pa.

Wm. Vail Martin. .New York, N. Y.

J. R. Maxwell " "

W. R. Potts "

Lewis A. Riley Philadelphia, Pa.

Geo. W. Sanford Warwick, N. Y.

GRINNELL BURT, President and General Manager Warwick, N. Y.

Vice-President— Lewis A. Riley Philadelphia, Pa. I Secretary — Daniel B. Halstead New York, N. Y.

Treasurer— John Sayer Warwick, N. Y. I Auditor— E. M. Reynolds Warwick, N. Y.

PRINCIPAL OFFICE AND ADDRESS Warwick, N. Y.

NEW YORK, ONTARIO AND WESTERN RAILWAY COMPANY.

Main Line of Road.— Oswego, N. Y., to Cornwall, N. Y 271.75 m.

Tracknge: West Shore RK: Cornwall, N. Y., to Weehawken, N. J. 53.07 m.— 324.82 miles.

New Berlin Branch: New Berlin Junction to New Berlin, N. Y 22.38 m.

Delhi Branch : Walton to Delhi, N. Y 16.84 m.

Ellenmlle Branch : Summitville to Ellenville, N. Y 7.80 m.— 47.02

fUtica, Clinton and Binghamton RR.: Utica to Randalls ville, N. Y.. 31. 3U

Rome and Clinton RR. : Rome to Clinton, N. Y : 12.78

Leased : \ Wliarton Valley Ry. : June. New Berlin Br. to Edinestou, N. Y 6.80

Ontario, Carbondale& Scran. Ry.: Hancock June, to Scranton, Pa 54.05

{Pecksport Connecting Ry.: Pecksport to Morrisville, N. Y. . , 3.69

Total length of lines owned and leased, June 30, 1897 480.46 miles.

Sidings (owned, 108.98 m.; leased, 54.01 m.), 162.99 miles. Gauge, 4 ft. 8£ in. Rail (sreel
—owned, 423.39 m.; leased, 108.62 m. ; total, 532.01 m.), 50 to 76 Ibs.

History.— Organized in Nov., 1888, as successor to the New York a/id Oswego Midland
RR. Co. (See MANUALS for 1888 and 1806.) For terms under which the leased lines are
operated, see subjoined statements.

38

POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Trackage. — For use of tracks from Cornwall to Weehawken the trackage agreement provides that after
Jan. 1, 1896, the company shall pay its proportionate share of the cost of maintenance, based on train mile-
age, and a like proportion of the interest at 4 p. c. on $2,000,000 plus the amount expended for necessary
improvements subsequent to Jan. 1, 1886. Provision is also made for cars of each company to be hauled by
the trains of the other, in order to reduce expenses. The agreement is to run till May 12, 2079, but the
Ontario Co. has the option of terminating it after May 12, 1980. (See MANUAL for 1895.)

Rolling Stock, June 30, 1897. — Locomotives, 133. Cars — passenger, 98 ; baggage, mail,
and express, 25 ; freight (box, 659 ; flat, 646 ; stock, 64 ; milk, 47 ; coal, 4,887 ; caboose, 58),
6,361 ; other, 38 — total, 6,522. Of the coal cars, 1,350 were held under car trusts at the close
of the fiscal year, but title to 850 of these was acquired April 20, 1898.

Operations, year ending June 30, 1897. — See tabulated statement below.

Earnings— Passenger $638,659 26

Freight 3,075,505 24

Mail, Express, etc 121,658 63

Miscellaneous 58,579 86

Expenses— Conducting Transportation ...$1,531,200 59

Maintenance of Equipment 457,717 67

Maintenance Way and Bldgs . . . 546,017 30
General and Taxes 245,560 67

Total ($8,105.57 per mile) $3,894,402 99 Total ($5,787.15 per mile) $2,780,496 23

Net earnings (28.60 p. c.), $1,113,906.76; add interest, $82,800— total, $1,196,706.76.
Payments : Lease rentals (IL, C. & B. and R. & C. RRs., $75,000 ; W. V. Ry., $3,750 ; 0.,
C. & S. Ry., $104,512.99), $183,262.99 ; interest on bonds (consols, $280,000 ; refunding,
$329,055.56), $609,055.56 ; other interest and discount, $4,477.22— total, $796,795.77. Sur-
plus, $399,910.99 ; surplus forward, $2,296,427.38— total, $2,696,338.37. Deduct sundry
charges, $15,251.09. Net surplus, $2,681,087.28-

Statement of operations, capital account, etc., for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Passenger Train Miles
Freight Train Miles.

755,353
699,708
380,127
827,766
32,142,497
1,257,199
114554,570
$
614,653
1,455,994
129,799

869,533
1,000,370
375,673
1,008,215
36,011,439
1,737,059
194,8!»7,759
$
656,185
2,013,685
139,832

887,503
1,310,449
419,025
1,060,383
37,006,885
2,085,769
263,S3',M1«
$
667,018
2,456,048
142,352

903,410
1,520,445
436,888
1,057,815
40,358,702
2,291,430
294.636,533
$
725,471
2,819,717
142,986

917,199
1,370,669
630,970
926,657
36,918,802
2,404.358
328,5*5,616
$
679,149
2,997,011
165,960

866,890
1,395,546
604,303
825,883
29,035,710
2,540,157
359,358,052
$
599,452
2,908,035
161,626

849,479
1,361,917
630,521
849,583
31,366,468
2,524,622
356,414,070
$
654,067
2,960,595
164,674

826,479
1,267,163
662,659
808,811
30,827,936
2,492,056
353,100,732
$
638,659
3,075,505
180,239

Mixed Train Miles

Passengers Carried
Passenger Miles

Freight (tons) Moved
Freight (ton) Miles

Passenger Earnings

Freight Earnings

Miscellaneous

Total Earnings

2,200,446
1,768,042

2,809,702
2,155,372

3,265,418
2,461,136

3,688,174
2,798,226

3,842,120
2,732,540

3,669,113
3,642,412

3,779,336
2,698,558

3,894,403
2,780,486

Gross Expenses and Taxes.
Net Earnings

432,404

5,18826
4,168 73
1,019 53
1.91 c.
1.27C.
80.35 p. c.

320.17
398.34
92
87
23
3,118
$
58,113,983
6,000
6,944,000
776,586
465,136
213,261
319,527
356,302

654,330

5,893 20
4,520 78
1,37242
1.82 c.
1.03 c.
76.71 p. c.

318.77
404.32
113
87
25
4,582
$
58,113,983
6,000
9,044,000
649,977
504,267
202,920
317,337
456,741

804,282

6,849 04
5,162 10
1,68694
1.80 c.
0.94 c.
75.37 p. c.

318.77
405.43
113
87
25
4,586
$
58,113,983
6,000
10,684,000
837,082
355,178
202,920

j- 964,881

889,948

7,73575
5,869 13
1,86662
1.80 c.
0.96 c.
75.87 p. c.

318.77
416.65
134
98
25
5,602
$
58,113,983
6,000
12,100,000
910,442
978.438
202,240

1,199,581

1,109,580

8,05864
5,732 36
2,326 28
1.84c.
0.91 c.
71. 12 p. c.

318.77
418.52
133
98
25
6,105
$
58,113,983
6,000
13,225,000
736,842
415,150
610,340

1,614,965

1,026,701

7,695 77
5,542 32
2,153 45
2.06 C.
0.84 c.
72.02 p. c.

318.77
423.17
133
98
25
6,110
$
58,113,983
6,000
13,725,000
675,132
35,000
5-8,208

1,925,189

1,080,777

7,926 96
5,C60 08
2,26688
2.08 c.
0.83 c.
71.41 p. c.

318.77
426.33
133
98
25
6,362
$
58,113,983
6,000
13,725,000
867,430
434,583
405,368

2,296,427

1,113,907

8,10557
5,787 15
2,318 42
2.07 c.
0.87 c.
71.41 p. c.

318.77
427.75
133
98
25
6,362
$
58,113,983
5,000
13,975,000
663,053
250,000
303,236

2,681,087

Gross Earnings per Mile.. .
Gross Expenses per Mile. .
Net Earnings per Mile. . .
Av. Rate p. Pass. p. Mile. .
Av. Rate p. Ton p. Mile . .
Expenses to Earnings

Miles of Railroad Owned. .
Miles of Track Owned
Locomotives . ....

Passenger Cars

Baggage, etc., Cars
Freight Cars

Common Stock

Preferred Stock

Funded Debt ....

Sundry Accounts, etc
Loans and Bills Payable . .
Other Liabilities

Profit and Loss
Surplus Income.

Total Liabilities

67,194,795

63,497,733
3,071,530

69,295,225

64,776,850
3,071,530

71,114,044

65,915,111
3,072,830

73,510.684

68,218,360
3,079,100

74,722,^80

68.757,438
3,079,100
408,100
1,517,675
187,270
772,697

74,988,512

69,176,226
3.079,100
305,968
1,462,288
201,911
763,019

75,848,791

69,626,397
3,232,100
203,836
1,483,409
303,031
1,000,018

75,991,359

69,886,996
3,255,300
101,703
1,477,648
219.210
1,050,502

Railroad and Equipment. .
Other Investments

C:ir Trusts

Cash and Cash Assets
Stores, Fuel, etc

220,534
170,571
234,427

808,815
197,745
440,285

1,097,864
181,451

846,788

1,344,056
228,531
640,637

Loans. Bills, and Accr.Int.
Total Assets

07,194,795

69,295.225

71,114,044

73,510,684

74,722,280

74,988.512

75,848,791

75,991,359

POORS MANUAL — NEW YORK, ONTARIO AND WESTERN RY. CO.

39

General Balance Sheet, June 30, 1897.

Franchises a»d Property.,,, $69,886,995 93

Preferred Stock Redemption Fund 5,000 00

Investments in other Companies 3,250,300 00

Cas-k at Bankers,,, 103,523 43

Stores, Fuel etc., on ll«nd... 219,209 84

Sundry Outstanding Accounts.,, 957,47670

Outstanding Traffic Accounts. 416,647 08

Loans and Bills Receivable. .,.,,., ... 1,030,167 00

Accrued Interest .,,,,, 20,335 00

Cars under Lease (Car Trusts). . ., ... .... *E«,708 50

Total Assets., ..... , . .$75,^91,359

Common Stock (shares, $100) $58,113,982 84

Preferred Stock (shares, $100) 5,000 00

Funded Debt Outstanding (see below) 13,975,00000

Interest on Funded Debt, Due & Accrued. 152,105 00

Sundry Outstanding .Accounts 307,755 89

Outstanding Traffic Accounts 75,954 56

Wages for Mouth of June 127,238 11

Loans and Bills Payable 250,000 00

Wharton Valley Ry. Construction Fund. . 54,205 57
HancOck & Penn. RR. Construction Fund 147,326 63

Balance under Car Trust Agreements 101,703 50

Profit and Loss Account 2,681,087 28

Total Liabilities $75,991,359 38

Funded debt (total, $13,975,000) outstanding June 30, 1897, consisted of—

Con. 1st mtge. 5 p. c. 50--yr. gold coup, bds., with registration privilege, due 1939, int. June & Dec.$5,600,000
Refunding mtge. 4 p. c. lOfr-yr. gold bonds, due June 1, 1992, interest March and Sept 8,375,000

Hie consols are for $500 ( £100) or $1,000 ( £200). They Vna'ture June 1, 1939, but are redeemable at the
option of the cornpahy at 1C5 and interest after June 1-, 1899, on six months' notice. These bonds are a first
lien upon the entire property of the totapany, and are additionally secured by deposit of all of the 1st mtge.
bonds, and fl,495,'000 (out of $1,500,000) of the capital stock of the Ontario, Carbondale and Scranton Ry. Co.

The refunding bonds are part of an authorized issue of $20,000,000. The 1st 6s of 1914 were paid off at
10 p. c. premium on Sept. 1, 1892, from the proceeds of $5,500,000 of this issue; $7,000,000 additional are re-
served by the trustee for redemption of the consols; $3,615,000 have been used for capital account, and the
remaining $3,885,000 are held for future requirements. The bonds are for $1,000 gold each, in coupon form,
but they may be exchanged for registered bonds of $5.000 each at the office of the company. The principal
of the coupon bonds also may be registered. The bonds draw interest from Sept. 1, 1892. Coupons for the
period ending Sept. 1, 1942, are attached to the bonds, and the remaining coupons will be attached on and
after that date.

Interest payable at the New York office. Trustee of bonds: Mercantile Trust Co., 120 Broadway, New
York.

RAILROADS LEASED BY NEW YORK, ONTARIO AND WESTERN RAILWAY COMPANY.

Ontario, Carbondale and Scranton Ry.

— Cadosia, N. Y., to Scranton, Pa., 53.66 m. ; total
track (steel; 67 Ibs.), 86.41 miles. Chartered Oct. 3,
1889; road opened July 1, 1890. Leased to the N. Y.,
O. & W. Ry. Co. for 99 years from July 1, 1800, the
lessee to pay interest on bonds aud a rental equal to
5 p. c. of the gross earnings. Income, year endins
June 30, 1897.— Rental, $104,513. Expenses imd
taxes, $3,258; interest on bonds, $75,000. Surplus,
$26,255. Financial Statement, June 30, 1897.— Capi-
tal stock, $1,500,000; funded debt, $1,600,000 1st
mtge. 5 p. c. 50-yr. bonds, due June 1, 1939, interest
June and Dec., at Mercantile Trust Co., N. Y., trus-
tee; unfunded debt, $650,213; income balance, $155,-
926— total. $3.806,139. Contra: Cost of property,
$3,791,277; other assets, $14,862— total, $3,806.139.
T. P. Fowler, Pres.; R. D. Rickard, Sec. & Treas.,
New York, N. Y. Offices, Scranton, Pa., and 56
Beaver St., New York, N. Y.

Pecksport Connecting Ry.— Near Pecksport
to near Morrisvllle, N. Y., 3.69 m. ; total track (steel;
76 Ibs.), 4.15 miles. Chartered May 9, 1896; road
opened Sept. 13, 1896. Controlled and operated by
the "Ontario" Co. Capital stock auth., $40.000.
Cost of road to June 30, 1897. $73,030. The "On-
tario" Co. will receive the entire capital stock of
this company, and its mortgage bonds when they are
issued. James R. Childs, Pres.; R. D. Rickard,
Treas.: A. L. Parmelee, Sec., New York, N. Y.
General Office, 56 Beaver St., New York, N. Y.

Rome and Clinton RR. — Rome to Clinton,
N. Y., 12.78 m.; total track, 13.89 miles. Rail (steel,
12.78 m.), 50 to 67 Ibs. Chartered June 3, 1869;
opened Jan. 15, 1872. Leased in perpetuity, Jan. 1,
1891, to the Del. & Hud. Canal Co. at an annual
rental of $22,375 and taxes. Operated by the N. Y.,
O. & W. Ry. Co., under contract terminating 35
years from June 1, 1886. (See Manual for 1891.)
Rental, year ending June 30, 1897, $22,375. Ex-
penses and taxes. $763. Net income. $21,612. Paid
dividends (6i p. c.), $21.581. Surplus, $31. Capital
stock. $345.360; other liabilities. $59; profit and loss,
$14.780— total. $360,199. Contra: Cost of road, $360,-
000; other assets, $199— total, $360.199. Dividends
payable Jan. 1 and July 1, by check. (See Manual
for 1891.) James I. Scollard, Pres,; C, D, Hayes,

Sec. & Treas., Clinton, N. Y. Corporate Office,
Clinton, N. Y.
Utlca, Clinton and Bingrhaiuton RR.-

Uticn to Randallsville, N. Y.v 31.30 m.; total track,
46.88 mitefiv Rail (steel, 31.28 m.), 62 Ibs. Organ-
ized March 25, 1868; opened June 22, 1872. Leased
in perpetuity in DM?., 1889, to the Del. & Hud.
Canal Co., for $61,500 per annum, the lessee also
guaranteeing principal and interest on bonds. On
June 1, 1886, this road and the Rome and Clinton
RR, were subleased to the "Ontario" Co. for 35
years, at a minimum rental of $70,000 yearly for
both. The street railroad of this corporation is
leased to the Utlca Belt Line Street RR. Co. (See
statement elsewhere.) Income, year ending June 30,
1897.— Rental, $76,500. Expenses and taxes, $2,048.
Net income, $74,452. Paid interest on bonds, $40,-
000; City of Utica, $10,000; dividends (3J p. c.).
$24,337— total, $74,337. Surplus, $115. Financial
Statement, June 30, 1897.— Capital stock. $849.285;
funded debt, $800,000; coupons due, $20,000; City of
Statement, June 30, 1897.— Capital stock, $849.285;
Contra: Cost of road, $1,690.566; cash, $37,909— total,
$1,728,535. The bonds are secured by ft mortgage on
both street and steam roads. They are 60-yr. bonds
due July 1, 1939, at office of Del. & Hud. Canal Co.;
interest (5 p. c.), Jan. and July, at office of the trus-
tee, the New York Security Trust Co., New York.
Dividends payable Feb. and Aug., at Onelda National
Bank, Utica, N. Y. James I. Scollard, Pres., Clin-
ton, N. Y.; R. S. Williams, Sec. & Treas., Utica,
N. Y. Corporate Office, 157 Genesee St., Utica,
N. Y.

Wharton Valley Ry.— Jet. Berlin Br. to
Edmeston, N. Y., 6.8 m.; total track (steel; 56 Ibs.),
7.44 miles. Chartered June 1,2, 1888; opened Feb. 1,
1889. Leased for 99 years from Oct. 1. 1888, to the
N. Y., O. & W. Ry. Co., the lessee guaranteeing the
iKmds, principal and interest, and paying $500
yearly for organization expenses. (See Manual for
1893, page 475.) The lessee .owns all of the capital
stock. Capital stock ($100 shares), $70.000; funded
debt. 1st mtge. 5 p. c. 30-yr. bonds, due Nov. 1, 1918,
interest May and Nov.. at lessee's office. Now York,
N. Y.. $75,000; total, representing cost. $145.000. T.
P Fowler, Pres.; R. D. Rickard, Sec. & Treas., New
York, N. Y. Corporate Office, 56 Beayer St., New
York, N. Y,

POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Board of Directors, N. Y., 0. <fe W. Ry. Co., as constituted Feb. 1, 1897.

O. D. Ashley New York, N. Y.

C. Ledyard Blair..

Henry W. Cannon. "

Francis K. Culbert.Newburgh, N. Y.

C. M. Depew New York, N. Y.

Thomas P. Fowler. "
Gerald L. Hoy t.... "
John B. Kerr. . .» . .

John G. Moore. . . .New York, N. Y.

Harry Pearson London, Eng.

Joseph Price " "

Albert S. Roe New York, N. Y.

Charles S. Whelen Philadelphia, Pa.

THOMAS P. FOWLEU, President New York, N. T. .

Joseph Price, Vice-President London, Eng.

John B. Kerr, Vice-President and General Counsel New York, N. Y.

Secretary & Traw.— R. D. Rickard. . .New York, N. Y. | Gen. Manager— James E. Childs New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS 56 Beaver St., New York, K Y.

Office in London 5 and 6 Great Winchester St., E. C.

NEW YORK, STTSQtfEHANNA AND WESTERN RAILROAD COMPANY.

Main Line of Road. — West End, Jersey City, N. J., to Gravel Place, Pa. . .101.00 miles.

Paterson Extension: Broadway, Paterson, to Paterson City, N. J 0.75 m.

Unionvittc Branch : Two Bridges, N. J., to Unionville, N. Y 20.50 m.

Delaware Branch : Columbia Junction to Delaware, N. J 3.00 m.

Hudson River Branch: Little Ferry Junction to Edgewater, N. J. . . . 3.00 m.

Branches in Lackawanna Valley, Pa 11.59 m. — 38.84

( Middletown, Unionvitte and Water Gap RR. (see page 42) 13.65

Lodi Branch RR.: Lodi to Lodi Junct., N. J 0.73

Leased : < Hackensack and Lodi RR.: Lodi Junct. to Hackensack, N. J 1.41

I Passaic and New York RR.: Passaic Junct. to Passaic, N. J 3.05

\^Maf,opin RR.: West Milford to Macopin Lake, N. J 1.50

Operated: Wttkesbarre and Eastern RR. : Wilkesbarre to Stroudsburg, Pa . . 65.00

Trackage : Pennsylvania RR,: West End to Jersey City, N. J 2.55

Total length of lines operated, June 30, 1897 227.73 miles.

2d track, 18.75 m.; sidings, etc. (owned), 52.30 miles. Gauge, 4 ft. 9 in. Rail (steel, 219.44
m.), 60 and 71 Ibs.

History.— Consolidation, April 25, 1893, of the N. Y., S. & W. RR. Co., and the Hudson
River RR. and Terminal Co. (See MANUAL for 1834, p. 215.) In May, 1893, the company
absorbed the Hudson River RR. and Terminal Co., increasing and readjusting its capital
stock at the same time. (See MANUAL for 1893, p. 849.) For terms under which the sub-
sidiary lines are operated, see the subjoined statements.

Rolling Stock, June 30, 1897. — Locomotives, 85. Cars — passenger, 37 ; combined pas-
senger and baggage, 22 ; baggage, mail, and express, 4 ; freight (box, 180 ; flat, 39 ; milk,
22 ; ice, 48 ; gondola, 247 ; lime, 16 ; caboose, 39 ; coal, 3,422), 4,013 ; other, 5— total cars,
4,081. Also 1 snow flanger and 1 snow-plough. Included in the foregoing is the rolling
stock owned by the Wilkesbarre and Eastern RR. Co. (see page 43).

Operations, year ending June 30, 1897 (162.73 m.). — See tabulated statement, page 41.

Earnings— Passenger $366,313 70

Freight 1,359,763 19

Mail, Express, and Telegraph.. 41,151 95

Miscellaneous 52,024 21

Total ($11,179.58 per mile) $1,819,253 05

Expenses— Conducting Transportation $668,776 64

Maintenance of Equipment 147,112 00

Maintenance Way and Bldgs . . 157,642 12

General 77,155 46

Total ($6,456.62 per mile) $1,050,686 22

Net earnings (42.25 p. c.), $768,566.83 ; add interest and other receipts, $44,441.39— total
income, $813,008.22. Payments : Interest on bonds, $665,776.67 ; rentals leased lines (M. U.
& W. G. RR., $22,000 ; P. & N. Y. RR., $4,702.80 ; Macopin RR., $1,283.33 ; H. & L. RR.,
$720), $28,706.13; discount and interest, and interest on mtges., $23,775.22; taxes, $50,-
774.39 ; sinking fund and other charges, $3,038.10— total, $772,070.51. Surplus, $40,937.71.

Profit and Loss Account, year ending June 30, 1897.— Deficiency, June 30, 1896, $63,-
956.19 ; loss and damages to individuals in previous years, $5,423.77 ; uncollectible accounts
charged off, $943.34; loss in adjusting various accounts, $1,439.84; surplus, year ending
June 30, 1897, $18,824.83— total, $90,587.97. Contra : Profit in redemption of N. Y., S. & W.

POOR'S MANUAL — NEW YORK, SUSQUEHANNA AND WESTERN RR. CO. 41

Coal Co. 2d mtge. bonds, $1,000 ; profit in redemption of N. Y., S. & W. RR. collateral trust
bonds, $1,025 ; assessment on income bonds, Midland RR. of N. J., $124.58 ; surplus for
year (as per income account preceding), $40,937.71 : profit in operation of Wilkesbarre and
Eastern RR., $47,500.68— total, $90,587.97.

Statement of earnings, expenses, etc., of the N. Y., S. & W. RR. Co., and its operated
line, the Wilkesbarre and Eastern RR., for the year ending June 30, 1897 : Gross earnings
(passenger, $376,064.24 ; freight, $482,790.13 ; coal, $1,291,090.68 ; mail, express, and other,
$98,877.49), $2,348,822.56. Operating expenses, $1,278,344.62. Xet earnings, $1)70,477.94 ;
add miscellaneous income, $44,556.29 — total, $1,015,034.23. Payments : Interest on bonds,
$815,776.67 ; rentals, $28,706.13 ; taxes, $52,771.62; discount and interest, and interest on
real estate mtges., $23,755.22 ; sinking funds, etc., $5,566.20— total, $926,595.84. Surplus,
$88,438.39.

Statement of operations, etc., X. Y., S. & W. RR. proper, for eight fiscal years :

1890

Dec. 31.

1891
Dec. 31.

1892

Dec. 31.

1893

Dec. 31.

1894*

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles of RR. Operated ....
Passenger Train Miles

157.28
447,717
454,859
1,276,422

18,798,221
1,263,875
94,615.821
$
289,243
1,203,937
98,904

157.28
467,390
505,870
1,396,3:33
20,267,473
1,372,288
104,799.830
S
302,903
1,244.151
109,468

157.28
487,968
578,161
1,537,749
22,667,338
1,444,414
122,848*58
$
372.558
1,262,771
123,579

185.28
504,911
517,387
1,621,377
23,432,861
1,585.661
125,534,282
$
336,491
1,306,033
140,185

185.28
621,795
613.125
1,612,092
83,442.893
1,663,532
133-503-076
I
389,720
1,547,201
151,222

185.28
588,196
743,802
1,753.495
25,704,360
1,815,729
141,240,436
$
344,620
1,284,256
124,477

162.34
556,496
684.362
1,885,347
27,609,544
1,828,321
142.272,048
S
368.914
1,370,219
97,666

16,>.73
53<5,316
540.465
1,874,259
28,144,611
1,797,878
139,387,242
$
366,314
1,359,763
93,186

Freight Train Miles . . . .

Passengers Carried
Passengers One Mile

Tons Freight Moved. . . .

Tons Freight One Mile
Earnings — Passenger

Freight

Other

Gross Traffic Earnings
Operating Expenses

1,592,083
890,968

1,658,523
907,704

1,713.909
949,374

1,732.709
985,274

2,088,143
1,184,425

1,753,352
1,166,505

1,836,799
1,029,857

1,819,253
1,050,686

Net Traffic Earnings

701,115
30,401

748,789
30,052

764,535
52,752

797,634

28,067

903,718
23,565

586.847
23,527

806,943
56,083

768,567
44,441

Other Receipts

Total Income

731,516

471,236
26,446

778,839

484,580
26,446
100,000
32,334
135,478

10,532 31
5,771 45
4,760 86
54. 80 p. c.
1.49 c.
1.18 C.

817,287

504,369
26,725
200,000
34.082
52,162

10,897 18
6,03620
4,86098
55.39 p. c.
1.44 c.
1.02 c.

825,702

507,761
26,571
120,000
34,705
136,666

9.621 70
5.31775
4.303 95
55. 27 p. c.
1.44 c.
1.04 c.

927,283

607,598
30,991
120,000
t39,549
141,376

*1 1,270 20
*6,392 62
*4,877 58
56.72 p. C.
1.62c.
1.16 C.

610,374

677,548
26,708

863,026

695,914
26,703

813,008

689,552
28,706

Interest

Rentals

Dividends on Pref . Stock . .

Other Payments

sixieo

203,664

10,122 66
5,66485
4,457 81
55.96 p. C.
1.52 c.
1.27 c.

t47,498
d. 141,376

9,46325
6,29590
3,167 35
66. 53 p. c.
1.33 c.
0.90 c.

t50,096
90,313

11,31452
6.343 83
4,970 69
56. 07 p. c.
1.32 c.
0.92 c.

$53,812
40,938

11,179 58
6,45662
4,72296
57.75 p. C.
1.30 c.
0.97 c.

Balance, Surplus

Grogs Earnings per Mile . . .
Operating Exp. per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Passenger Mile Rate.
Aver. FreightTon-Mile Rate

* The statistics of train mileage, passenger and freight traffic, and deductions therefrom given in this
column are for the year ending June 30, 1894; earnings, expenses, and income account are for the fourteen
months ending June 30, 1894. t Taxes, previously included in operating expenses. { Includes taxes, $50,774.

General Balance Sheet, June 30, 1897.

Coet of RR., Rolling Stock & Buildings. .$33,883,087 63

Stocks and Bonds Owned 5,582,568 80

Current Accounts 543,971 47

Materials on Hand 61,490 28

Cash on Hand 38,109 87

Total Assets $40,109,228 05

Common Stock (shares, $100) $13,000,000 00

Preferred Stock (shares, $100) 13,000,000 00

Funded Debt (see below) 12,904,000 00

Audited Pay Rolls and Vouchers 359,176 47

Bills Payable 91,410 34

Equipment Car Trust 266,01002

Current Accounts 157,24641

Interest and Rentals Accrued, but not due. 261,919 48

Dividend Unpaid 7,972 50

Land Department Liabilities 42,668 00

Profit and Loss Surplus 18,824 83

Total Liabilities... ....$40,109,22805

pre

Capital stock was fixed by the terms of the consolidation of 1893 at $13,000,000 common and $13,000,000
ferred. The new common stock was issued share lor share for the old. The old cumulative preferred was
exchanged for 120 p. o. in new non-cumulative preferred stock and 1J p. c. in cash, and the stock of the Ter-
minal Co. amounting to $5,000,000, was exchanged for $1,000,000 in new preferred. In Nov., 1898, a dividend
of 1J p~. o. was paid on the new preferred stock.

42

POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Statement of funded debt ($12,904,000), June 30, 1897 :

DESCRIPTION.

Date.

Interest.

Due.

Amount
Out-
standing.

Annual
Interest
Charge.

Midland RR. of N. J., 1st Mtge.. $500 and $1,000
Paterson Extension RR. 1st Mtge $1,000

1880
1881

6p. c., A. & O...
6 p. c., J. &D...

April 1, 1910
Jan? 1, 1910

$
3,500,000
*250 000

$

210,000
15 000

N. Y. S. & W. RR., 1st Mtge. Ref'd'g. . .$1,000 gold.
N Y 8 & W. RR., 2dMtge $1,000 gold.

1887
1887

5 p. c., J. & J....
4} p. c., F. & A..

Jan. 1, 1937
Feb. 1,1937

3,750,000
t547000

187,500
24 615

N. Y. S. & W. RR., Gen. Mtge $1,000 gold.

1890

5 p. c., P. & A...

Aug. 1,1940

o 453000

122650

N. Y. S. & W. Te'rra'l lstMtge.$l,000 and $5,000 gold.
N. Y. S. & W. Collateral Trust Bonds. . .$1,000 gold.

1893
1895

5 p. c., M. AN...
6 p. c., M. &N...

May 1,1943
May 1,1905

2,000,000
404,000

100,000
24,240

Totals

12 904000

684 005

* Less $25,000 held by trustees in sinking fund, t Includes $93,500 held by trustees to retire a like
amount of debenture bonds.

The Midland RR. bonds are secured on the line from Marion to Unionville, 71.6 miles. The Patcrson
Extension bonds are secured on the road and real estate in the city of Paterson. The N. Y., S. & W. refund-
ing firsts are a 1st lien on the -line from Two Bridges to Gravel Place, and on the Winton, Delaware and
Lacka wanna Valley branches, in all 61.6 m., and a 2d lien on the main line and Paterson Extension. The 2d
tntge. bonds are exchangeable for gen. mtge. bonds on payment of $60 per bond. The authorized issue of
gen. mtge. bonds is $3,000,000, of which $547,000 are held by the Central Trust Co. of New York, trustee, for
the retirement of the 2d mtge. bonds. The terminal mtge. bond* are secured on the property acquired from
the Terminal Co., including 3 miles of railroad, a tunnel under the Palisades, and 62 acres of terminal prop-
erty on the Hudson River. These bonds are in coupon ($1,000) and registered ($5,000) forms; coupon bonds
may be registered. Trustee: United States Trust Co., New York. The collateral trust bonds, originally
$500,000 in amount, were issued to pay off floating debt. These bonds are subject to call for sinking fund.

, The company guarantees principal and interest of $3,000,000 1st mtge. 5 p. c. bonds of the Wilkesbarre
and Eastern RR. Co., and of $500,00p 1st mtge. 6 p. c. bonds of the Susquehanna Connecting RR. Co., be-
sides the interest on $70,000 1st mtge. 6 p. c. bonds of the Passaic and New York RR. Co.

m^° See also General Index for statement of Erie RR. Co.
RAILROADS OWNED OR LEASED BY THE N. Y., S. & W. RR. Co.

Hackensack and Lodi RR.— Lodi Junct. to
Hackensack, N. J., 1.41 miles. Leased to the N. Y.,
S. & W. RR. Co.; terms not stated. Capital stock,
$25,000. Funded debt (1st mtge. 6 p. c. 15-yr. bonds,
due July 1, 1911, interest Jan. 1 and July I; author-
ized, $20,000), issued, $12,000. J. L. Rusllng, Pres.;
E. E. Gardner, Treas. ; R. H. Monsees, Sec., New
York, N. Y. General Office, 26 Cortlandt St., New
York, N. Y.

Lodi Branch RR.— Lodi Jet. to Lodi, N. J.,
1.75 m., of which 0.73 m. in operation. The section
between Junction with the N. J. & N. Y. RR. and
Lodi June., 1.02 m., is at present unused. Incorp.
June 15, 1880. Capital stock '(all owned by N. Y., S.
& W. RR. Co.), $60,000. Edward E. Gardner, Pres.;
Robert H. Monsees, Sec. & Treas., New York, N. Y.
Corporate Office, New York, N. Y.

Macopin RR.— Charlotte'burgh, N. J., to Maco-
pin Lake, N. J., 1.67 m.; total track, 2.03 miles.
Chartered Nov. 3, 1886; road opened about April 30,
J887. Leased to the N. Y., S. & W. RR. Co. Capital
stock, $60,000; funded debt (1st mtge. 5 p. e. 20-yr.
bonds, due Dec. 1, 1916, int. June 1 and Dec. 1),
$44,000. Garret A. Hobart, Pres., Paterson, N. J.;
J. L. Rusllng, Vice-Pres. ; E. E. Gardner, Treas.; R.
H. Monsees, Sec., New York, N. Y. General Office,
New York. N. Y.

Midtlletown, TJnionvllle and Water
Gap RR.— Middletown to Unionville, N. Y., 13.9
m. ; total track, 16.14 miles. Rail (steel, 13.65 m.),
60 and 60 Ibs. Incorp. May 25, 1866; opened June
10, 1868. Operated under trackage arrangement by

the N. Y., S. & W. RR. Co. (See Manual for 1893.)
Net earnings, year ending June 30, 1896, $22,013;
rents, $174— total, $22,187. Payments: Interest, $20,-
000; taxes, $2,100— total, $22.100. Surplus, $87.
Last dividends paid July 1, 1883. Financial State-
ment, June 30, 1897.— Capital stock (auth., $300,000;
par, $50), $149,850; funded debt, 1st mtge. (extd.
from Nov. 1, 1886), 5 p. c. tax-free gold bonds, due
Nov. 1, 1911, int. May and Nov., $150,000; 2d mtge.
(extd. from Dec. 1, 1896) 5 p. c. bonds, due June 1,
1910, int. June and Dec. (auth., $400,000), $250,000;
unfunded debt, $83,503— total, $633,353. Contra: Con-
struction (net), $350,476; cash, $373; profit and loss,
$282,504— total, $633,353. Interest payable at 26
Cortlandt Street, New York, N. Y. R. H. Monsees,
Pres.; W. H. Coburn, Vice-Pres.; E. E. Gardner,
Treas.; D. S. Paterson, Sec., New York, N. Y. Cor-
porate Office, 26 Cortlandt Street, New York, N. Y.

Passaic and New York RR.— Passaic to
near RocheUe Park, N. J., 3.05 miles. Rail (steel),
60 Ibs. Incorp. July 15, 1885; opened Feb. 8, 1886.
Leased for 999 years to the N. Y., S. & W. RR. Co.,
which guarantees interest on bonds. Capital stock,
$70,000; funded debt (1st mtge. 6 p. c. 25-yr. coup.
$500 bonds, due Dec. 1, 1910, int. June and Dec.,
in New York), $70,000— total, representing cost of
road, etc., $140,000. Trustee of bonds: E. H. Amml-
down, New York, N. Y. Amos L. Hopkins, Pres.;
Edw. E. Gardner, Treas.; R. H. Monsees, Sec., New
York, N. Y. Corporate Office, 26 Cortlandt Street,
New York, N. Y.

Board of Directors, N. T., S. & W. RR. Co., elected Sept. 2, 1897.

Amos L. Hopkins .New York, N. Y.
Roswell Eldridge. . "

Simon Bon; "

Henry Sanford

Chas. H. Coster ...New York, N. Y.
Cyrus J. Lawrence. " "

W. L. Bull

G. E. Kissel... " "

H. O. Armour New York, N. Y.

H. B. Plant

Thos. A. Mclntyre. "

C. C. Cnyler

Henry Marquand New York, N. Y.

AMOS L. HOPKINS, President New York, N. Y.

Roswell Eldridge, Vice-P resident " "

F. P. Moore, Zd Vice-Pres., Secretary, and Treasurer.... " "

Asst. Treasurer— Edward E. Gardner . New York, N. Y. | Auditor— C. V. Ware New York, N. Y

PRINCIPAL OFFICE AND ADDRESS 26 Cortlandt St., New York, N. Y.

POOR'S MANUAL OF RAILROADS. 48

RAILROAD OPERATED BY THE N. Y., S. & W. R'R. Co.; OPERATIONS REPORTED

SEPARATELY.

•WILKESBARRE AND EASTERN RR.— Wilkesbarre to Strondsburg, Pa., 65 m.; b anch,
Everhart Jet. (W. <fc E. RK.) to eud of Everhart branch (C. of N. J.), 0.46 m.— total, 65.46 miles. Sidings, 15
miles. Gauge, 4ft. 9 in. Rail— iron, 71 ; *teel (70.46 m.), 70 Ibs. Chartered April 19, 1892; main line opened
Dec. 1, 1893 : branch during the past fiscal year operated by the N. Y., S. & W. RR. Co. under a traffic contract
which provides that the N. Y., S. & W. RR. Co. shall be entitled to any surplus of net earnings of the road after
payment of fixed charges. Controlled by the N. Y., S. & W. RR. Co., that company also guaranteeing principal
and interest of the 1st mtge. bonds. Operations not included in the statement of the N. Y., S. & W. RR. Co.
Locomotives, 15. Cars— passenger, 6 ; baggage, 3 ; freight (coal, 454 ; caboose, 8), 462 ; other, 2— total, 4^3.

Operations, year ending June 30, 1897.— Trains run (passenger, 20,03-2 ; freight, 331,278; mixed, 20,599 ;
other, 0.2HO), «r8,189 miles. Passengers carried, 16,859 ; earned one mile, 442,225. Tons moved, 1,430,444; ton-
miles, 83,52 :,094. Earnings (passenger, $9,707 ; freight, $413,751 ; oiher, $5,266), $428,724. Operating expenses,
$229,337. Net earnings, $199,387 ; other receipts, $1)5— total, $199,502. P.iyments: Interest on bonds, $150,000 ;
taxes, $1,997 -total, $151,997. Surplus, $47,505 ; de-flcit forward, $95,453 ; net deficit, §47,948.

Financial Statement, June 8J, 18J7.— Capital stock (shares, $50), $3,000.000: funded debt (1st mtge. 5
p. c. 5 )-yr. gl.OUO coup, and reg. gold bonds, due June 1, 1943, interest June and Dec.), $3,000,000; current
accounts", $142,458— total, $6,142,458. Contra : Cost of property, $6,081,307 ; materials, etc., $13,202 ;j)rofit and
loss, $4r,948— total, $6,14J,458. Principal and interest of the 1st mtge. bonds guaranteed (by endorsement) by
thu N. Y.,S. & W. RR. Co., at whose office interest is payable. Trustee of bonds: Guaranty Trust Co., New
York, N. Y.

Snsquehanna Connecting; RR.— Projected:
Paddy's Land to Winton, Pa., 22 m.; branch to
Langcliffe, 1.5 m.— total, 23.5 miles. Completed,
Dec. 31, 1897: Paddy's Land to Minooka, Pa. ,7.6 m.;
Jennyn June, to Jerinyn, Pa., 1.2 m. — total. 8.8
miles. Gauge, 4 ft. 9 In. Rail (steel. 7.6 m.), 60
Ibs. Road as completed .was built In 1887. The
charter provides for 22 miles of road, of which 5.5
miles, .near Winton, constructed in 1882, is leased
from the N. Y., S. & W. RR. Co. The road is leased
to the Wilkesbarre and Eastern RR. Co. Locomo-
tives, 3. Cars— passenger, 4; freight, 2. Capital
stock authorized and paid up, $500,000; shares, $100.

Funded debt outstanding Dec. 31, 1897. consisted of
$475,000 (authorized, $500,000) 1st mtge. 6 p. c.
10-yr. $1,000 gold coupon bonds, due March 1. 1907.
interest March and Sept. at the office of the N.Y..S.
& W. RR. Co. in New York. The bonds are redeem-
able $25,000 at each interest period at 105 p. c.
Principal and interest guaranteed by the N. Y., S. &
W. RR. Co. Trustee of bonds: Metropolitan Trust
Co., New York, N. Y. Cost of road and equipment
to Dec. 31, 1897, $975.000. W. J. Lewis. Pres..
Scranton, Pa.; E. E. Gardner, Treas.; R. H. Mon-
sees, Sec., New York, N. Y. Corporate Office,
Scranton, Pa.

Directors, TF. & E. EP. Co. (elected Jan. 10, 1898).— W. P. Ryman, J. W. Hollenbeck, F. C. Stnrges, H.
A. Fuller. Wilkesbarre, Pa.; R. H. Monsees, R. C. Shimeall, L. D. Mowry. Wm. Nightingale, Brooklyn N. Y.;
R. H. Kintner, Stroudsbnrg, Pa. OFFICERS: W. P. RYMAN, Pres., Wllkesbarre, Pa. ; R. C. Shimeall, Vice-
Pren. ; E. E. Gardner, Treas.; R. H. Monsees, Sec. ; Chas. V. Ware, Avd., New York, N. Y. GENEKAI. OFFICE,
Wilkesbarre, Pa.

PENNSYLVANIA AND NORTHWESTERN RAILROAD COMPANY.

Main Line of Road. — Bellwood, Pa., to near Horation, Pa. : 61.52 m.

Branches and extensions to mines, etc 14.99 m. — 76.51 miles.

2d track, 22.46 m.; sidings, etc., 42.93 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 and 70 Ibs.

History.— Consolidation, Dec. 27, 1889, of the Bell's Gap RR. Co. and the Clearfield and
Jefferson Ry. Co. (See MANUAL for 1890.)

Rolling Stock, Dec. 31, 1897. —Locomotives, 44. Cars— passenger, 10; officers, 1;
freight (coke, 9 ; coal, 754), 763 ; caboose, 2 ; other, 6— total cars, 782.

Operations, year ending Dec. 31, 1897. — Train mileage — passenger, 251,900; freight,
4,346,642— total, 4,598,542 miles. Passengers carried, 119,124; carried one mile, 1,539,954 ;
average mile rate, 2.09 cents. Tons freight moved, 1,157,271 ; moved one mile, 54,861,986 ;
average mile rate, 0.83 cent. Earnings— passenger, $43,942 ; freight, $454,411 ; mail,
$5,288; other, $1,873— total, $505,464. Expenses— transportation, $181,907 ; maintenance
of equipment, way, etc., $109,832 ; general, $34,370— total, $326,109. Net earnings, $179,355 ;
other receipts, $983— total, $180,338. Paid interest, $124,580 ; taxes, $11,238— total, $135,-
818. Surplus for year, $44,520.

Capital stock, bonded debt, gross and net revenues, etc., for eight years :

Years.

Capital

<; rrV'l-

Bonded

Cost of
RR. and

RR.

Oper-

Gross

Earn-

Expenses
and

Net
Earn-

Interest

Pairi

Divi-
dends

Balance

OkOCK.

Debt.

Equipment.

ated.

ings.

Taxes.

ings.

L aid.

Paid.

(+ or—)

S

$

$

Miles.

$

9

S

$

$

$

1890 . . .

.1,660.000

1,657.000

3,402,977

63.78

809,042

558,654

250,388

106,068

83.000

+ 61,320

1891 . . .

.2,000,000

1.775,000

3,829.084

72.81

860,332

606,989

253,343

103,812

142.500

+ 7,031

1892 . . .

.2,000,000

2.000,000

4,281,726

73.32

856,283

606,087

250,196

114,870

120,000

+ 15,326

1893 . . .

.2,250,000

1. £56,000

4,372,749

74.85

612.535

441,155

171,380

115,880

130,000

-74,500

1894...

.2,250,000

2.198,000

4.4-,>0,413

74.85

465.094

283,896

181,198

128,097

45,000

+ 8,101

1895 . . .

.2,250.000

2,250,000

4,479,351

75.53

624,814

451,117

173,697

126,151

+ 47,546

1896...

.2,250,000

2,247.000

4,497.114

75.56

482.113

355,216

126,897

122,701

+ 4,196

1897...

.2,250.000

2,247.000

4.557.683

75.59

*506.447

337.347

*169,100

124.580

+ 44.520

* Including miscellaneous receipts.

44 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Financial Slateaient, Dec. 31, 1897.— Capital stock (autb., $2,500,000 ; shares, $50),
$2,25J,000; funded debt, $2,247,000; current accounts, $77,488.14 ; profit and loss, $173,-
189.55— total, $4,747,677.60. Contra : Cost of road, $4,135,395.84 ; equipment, $422,287.28 ;
current accounts, $105,439.12 ; cash, $84,555.45— total, $4,747,677.69.

Funded debt consisted, Dec. 31, 1897, of Pa. & N. W. RR. gen. mtge. (Bellwood to Horation, 61.43 m.),
5 p. c. 40-yr. bonds, due Jan. 1, 1930, interest Jan. and July, $2,247,000, of which $1,266,000 are held by trus-
tees to retire the following prior mtges. :

1st mtge. (Bell's Gap RR., 24.1 m.) 6 p. c. 25-yr. bonds, due Aug. 1, 1905, interest Feb. & Aug $81,000

Consol. mtge. (Bell's Gap RR., 24.1 m.) 6 p. c. 30-yr. bonds, due April 1, 1913, int. April & Oct 145,000

Clearf. & Jeff. RR. 1st mtge. (Irv. to Hor., 37.42 m.) 6 p. c. 40-yr. bds, due July 1, 1927, int. J. & J. 1,000,000

Equipment Trusts. — In addition to the above bonded debt the company lias created two equipment
trusts as follows: Bell's Gap Equipment Trust, $500,000 authorized and issued— $270,000 dated March 1, 1889,
and $230,000 dated March 1, 1890— outstanding Jan. 1, 1898, $97,000, payable $37,000 yearly on March 1, until
1900, when only $23,000, the final payment, will mature; Pa. & N. W. Equipment Trust, $358,000 authorized
and issued— $200,000 outstanding Jan. 1, 1898, payable $37,000 yearly on March 1 until 1903, when only $27,-
000, the final payment will mature. Denomination of each issaie, $1,000; interest on both, 5 p. c., payable
March and Sept., at office of trustee, Guarantee Trust and Safe Deposit Co., Philadelphia, Pa.

Interest on B. Q. RR. Ists is paid at 26 South 15th St., Philadelphia? Pa., interest on all
other bonds at office of trustee of bonds, the Guarantee Trust and Safe Deposit Co., Philadel-
phia, Pa.

Directors (elected Feb. 16, 1898).— Edward J. Berwind, H. A. Berwind, John H. Con-
verse, Rudulph Ellis, Aaron Fries, Stephen Greene, John Reilly, Philadelphia, Pa.

EDWABD J. BERWIND, President Philadelphia, Pa.

Aaron Fries, Vice- President

Sec., Treat. & Gen. Man.— Frank S. Lewis.. Phila., Pa. | Superintendent —W. A. Ford Bellwood,Pa.

PRINCIPAL OFFICE AND ADDRESS 301 Beta Building, Philadelphia, Pa.

PHILADELPHIA, READING AND NEW ENGLAND RAILROAD.

Line of Road.— Campbell Hall, N. Y., to Silver Nails, N. Y 57.60 miles.

T •, ( Hartford and Connecticut Western MR. (see page 45) 109.75 m.

: \ Dutchess County RE. (see page 45) 12.40 m.— 122.15

Trackage: Newburgh, Dutchess and Conn. RR.; Conn. Line to Millerton, N. Y . . 1.25 "

Total length of lines operated (including Poughkeeppie Bridge) 181 .00 miles.

2d track, 4.60m.; sidings (owned, 15.40 m.), 42 miles. Gauge, 4 ft. 8£ in. Rail (steel), 801bs.

History. — Consolidation, Aug. 1, 1892, of the Poughkeepsie Bridge Co. and the Central
New England and Western RR. Co. (See MANUAL for 1892, p. 501.) The company was
controlled by the P. & R. RR. Co., and the road was operated by the Reading receivers until
Aug. 19, 1893, when it was turned over to a separate receiver, the guaranteed interest due
May and Aug., 1893, having gone to default. On March 14, 1898, a plan of reorganization was
issued, full remarks concerning which will be found in the SUPPLEMENT.

Rolling1 Stock, June 30, 1897. — Locomotives, 37. Cars — passenger, 17 ; baggage, etc.,
9; freight (box, 160; flat, 30; stock, 4; coal, 264; caboose, 21), 479; other cars, 68—
total, 573.

Operations, year ending June 30, 1897. — Train mileage — passenger, 349,691 ; freight,
296,710; other, 69,836— total, 706,243 miles. Passengers carried, 411,247; carried one mile,
6,423,777; average mile rate, 2.47 cents. Tons freight moved, 553,553; moved one mile,
38,654,976 ; average ton-mile rate, 1.06 cents.

Earnings— Passenger $158,853 00

Freight 412.823 82

Mail and Express 50,795 64

Miscellaneous 17,178 67

Total ($3,533.98 per mile) $639,651 13

Expenses— Conducting Transportation $264,808 95

Maintenance of Equipment 50,375 18

Maintenance Way & Buildings.. . 99,500 76
General... . 37.612 13

Total ($2,498.88 per mile) $452,297 02

Net earnings (29.29 p. c.), $187,354.11 ; add rents, $7,823.73— total, $195,177.84. Pay-
ments : Interest on debt, $21,000 ; rentals leased lines, $84,444 ; taxes, $35,600 — total,
$141,044. Surplus, $54,133.84 ; surplus forward, $39,102.11— total, $93,235.95.

Receiver's General Balance Sheet, June 30, 1897.— P. R. & N. E. RR. Co. (bills pay-
able, $350,000 ; current accounts, $315,902 97), $665,902.97 ; receiver's accounts, $80,228.34;
profit and loss, $93,235.95— total. $839,367.20. Contra: Construction, $18,235.26 ; equipment,
$152,038.94; real estate, $7,108.95; machinery, tools, etc., $35,072.54; materials and sup-

POOR'S MANUAL OF RAILROADS.

plies, $40,221.86; betterments, ft & C. W. RR., $22,877.04; bills prior to receivership,
$409,781.46 ; balance account prior to receivership. $47,723.38 ; current accounts, $53,733.1)6:
cash, $52,573.87— total, $839,367.26.

Financial Statement, June 30, 1897.— Capital stock — common, $4,600,000 ; preferred,
$2,000,000— total, $6,600,000 ; funded debt, $10, 1 '0,000 ; current liabilities (turned over to
receiver); $1,352,406.64— total, $18,052,406.61. Contra: Cost of road, $15,796,209.77;
equipment, $375,421.97 ; H. & C. W. stock owned (par value, $1,390,200), $900,063 ; other
assets (turned over to receiver), $438,904.89; profit and loss, $541,807.01 — total,
$18,052,406.64.

Founded debt outstanding (total, $10,100,000), June 30, 1897, consisted of—

1st mtge. 5 p. c. (4 p. c. till Aug. 1, 1895) bonds, dated Aug. 1, 1892, due Nov. 1, 1942, int. M. & N.$2,500,OCO

1st mtge. 4 p. c. bonds, same dates, interest Feb. and Aug 3,750,000

Series A, 5 p. c. income bonds, due Oct. 1, 1952, interest yearly, in Oct., if earned 1,750,000

Series B, 5 p. c. income bonds, due Oct. 1, 1952, interest yearly, in Oct., if earned 2,100,000

The bonds are all in coup, form, for $1,000 each; principal and interest payable in gold. Interest pay-
able at the office of the company in Philadelphia, Pa. Trustee of bonds: Guarantee Trust and Safe Deposit
Co. of Philadelphia. The 1st mtge. bonds are guaranteed by the Philadelphia and Reading RR. Co. The
total issue is $7,250,000, but the company reserved $1,000,000 5 p. c. bonds for future use. Of these $1,000,000
5 p. c. bonds, $724,000 were pledged as collateral in 1892-93 when the company was in the control of the P. &
R. RR. Co., and $44,000 were used during the same period for various corporate purposes; the remaining
$232,000 are still in the treasury of the company. Interest is in default since May 1, 1893.

RAILROADS LEASED BY THE P., R. & N. E. RR. Co.

DntChess County RR.— Poughkeepsie to
Hopewell June., N. Y., 13 m.; total track, 14.25
miles. Chartered April 21. 1890; road opened May 8.
1892. Leased Aug. 1, 1892, to the P., R. & N. E.
RR. Co., which guarantees the principal and interest
of the bonds. Financial Statement. June 30, 1897.—
Capital stock ($100 shares). $300,000; funded debt
(1st mtge. 6 p. c. 50-yr. $1,000 gold coup, bonds, due
June 1, 1940, interest June and Dec.), $350,000; un-
funded debt, $41,747— total. $691,747. Contra: Road
and equipment, $650,000; otljer assets, $41,747— total,
$691,747. Interest payable at the office of the trus-
tee, the Mercantile Trust Co. of New York; principal
and interest payable In gold. George A. Fletcher,
Pres., Philadelphia, Pa.; Milton A. Fowler, Sec. &
Treas., Poughkeepsie, N. Y. General Office, 255 Main
St., Poughkeepsie, N. Y.

Hartford and Connecticut "Western

RR.— Hartford, Conn., to Rhlrecllff, N. Y., 109.75
m.; total track (steel, 97.96 m.), 130.67 miles. Rail,
60, 70, and 85 Ibs. Reorganization, Aug. 1, 1881, of a

company of the same name, whose property had been
in the hands of the State Treasurer as trustee since
April 27, 1880. (See Manual for 1890.) Leased till
Aug. 30, 1940, to the P., R. & N. E. RR. Co.; rental.
Interest on bonds, 2 p. c. on capital stock, and all
charges. Rental, year ending June 30, 1897, $61,298.
Payments: Interest on bonds, $35,000; dividends (2
p. c.), $26,298— total, $61,298. Financial Statement.
June 30, 1897.— Capital stock. $2,706,500; funded
debt, 1st mtge. 5 p. c. 20-yr. bonds, due July 1, 1903,
Interest Jan. and July, $700,000; C. W. RR. 7 p. c.
convertible bonds, due July' 1, 1900. $13,500; un-
funded debt, $22,698— total, $3,442,698. Contra: Cost
of road, etc., $3,295,615; lands, $99,099; Springfield
and Connecticut RR., $37,673; profit and loss, $10,-
311— total, $3,442,698. The convertible bonds are ex-
changeable for stock at 60 p. c. of their face value.
No interest has been paid- on them since Jan. 1, 1876.
Interest payable ID Hartford, Conn. H. O. Seixas,
Pres., New York, N. Y.; Edward R. Beardsley, Sec.
& Treas., Hartford, Conn. General Office, Hartford,
Conn.

John W. Brock Phila., Pa.

Charlemagne Tower, Jr.. '

W.R.Taylor " "

W.W.Gibbs

James Armstrong. .New York, N. Y.

John H.Taylor "

W. W. Jenks "

M. A. Viele... " "

Board of Directors, Philadelphia, Reading and New England RR. Co., elected Feb. 2, 1898.

Arthur Brock Phila., Pa

Joseph F. Sinnott '

Charles E. Morgan, Jr " "

George A. Fletcher " "

H. O. Seixas New York, N.Y.

JAMES K. O. SHERWOOD, Receiver 192 Broadway, New York, N. T.

JOHN W. BROCK, President Philadelphia, Pa.

James Armstrong, Gen. Counsel 192 Broadway, New York, N. Y.

Secretary— W. R. Taylor Philadelphia, Pa. I Treasurer— W '. A. Church Philadelphia, Pa.

Superintendent— Wm. J. Martin Hartford, Conn. | Auditor— H. W. Watson Hartford, Conn.

PRINCIPAL OFFICE or RECEIVER 192 Broadway, New York, N. Y.

Operating Office Hartford, Conn.

PITTSBURGH AND LAKE ERIE RAILROAD COMPANY.

Main Line of Road.— Pittsburgh, Pa., to Youngstown, 0 68.00 miles.

New Castle Branch : New Castle Junction to New Castle, Pa 2.93

Lowettville Branch : Lowellville, 0.. to Bentley, O 0.38

f Mahoning State Line RR.: Bentle'y, O., to Shaw Junction, Pa 3.16

T* A J Pitt8b'gh,McKeeegp'tandYoug7iioghenyRR.(seestatem'tonp&ge47). 97.89

: ] Toughiogheny Northern RR. (see page 47) 1.92

[ Beaver and Ellwood RR.: Ellwood City to Ellwood Junction, Pa. . . 2.91

Total length of lines owned, leased, and operated, Dec. 31, 1897 177.19 miles.

2d track (owned, 66.65 m.; leased, 27.73 m.), 94.38 m. ; pidings (owned, 95.97 m.; leased,
90.54 m.), 186.51 miles. Gauge, 4 ft. 8* in. Rail (steel), 65, 71, 80, and 00 Ibs.

POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

History. — Chartered May 8, 1875 ; opened in Feb. and in April, 1879. (See MANUAL for
1891, p. 436.) Corn rolled by the Lake Shore and Michigan Southern Ry. Co., through own-
ership of a majority ($2,000,030) of the capital stock.

Rolling Stock, Dec. 31, 1897. — Owned: Locomotives, 99. Cars — passenger, 45 ; baggage,
etc., 16 ; freight (box, 691 ; flat, 6 ; coal, 3,754 ; coke, 602), 5,053 ; caboose, 37 ; other, 17—
total, 5,168. Leased: Locomotives, 23. Cars — passenger, 15; baggage, etc., 1; freight
(box, 1 ; coke, 325 ; flat, 55 ; coal, 326), 707 ; caboose, 8— total, 731. Since the close of the
fiscal year, 10 consolidated freight engines and 900 cars (500 coal, 300 box, and 100 steel coal)
have been purchased.

Operations, year ending Dec. 31, 1897. — See tabulated statement below.

Earnings— Passenger $544,781 84

Freight 4,036,636 12

Mail and Express 43,321 14

Miscellaneous 41,946 95

Expenses— Conducting Transportation $1,628,366 27

Maintenance of Equipment 466,772 23

Maintenance of Way & Bldgs. . 937,787 14
General and Taxes 191,767 04

Total ($26,337.19 per mile) $4,666,686 05 Total ($18,199.07 per mile) $3,224,692 68

Net earnings (30.90 p. c.), $1,441,993.37 ; add interest on P. C. & Y. bonds, $920— total,
$1,442,913.37. Payments : Interest on bonds: $220,000 ; on debt, $14,870.50 ; rentals, $470,-
011.57 ; dividends Nos. 27 and 28 (5 p. c. each, Feb. 1 and Aug. 1), $400,000 ; other payments,
$9,886.37— total, $1,114,768.44. Surplus, $328,144.93; surplus forward, $2,222,354.72—
total, $2,550,499.65.

Rentals paid were as follows : P., McK. & Y. RR., $462,579 ; B. & E. RR., $6,452.16 ;
M. S. L. RR., $362.30 ; one-half profit operating P., McK. & Y. RR. paid L. S. & M. S. Ry.
Co., $618.11— total, $470,011.57.

Statement of operations, income and capital accounts for eight years ending Dec. 31 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles RR. Operated (steel).
Revenue Pass. Train Miles.
Revenue Fgt. Train Miles. .
Total Engine Mileage

163.52
594,892
933,874
1,528,766

1,795,698
22,666,673
6,529,248
414,998,008
$
4,010,587
3,062,698

163.52
587,236
981,123
3,006,262
1,785,669
24,221,718
6,455,197
391,436,961

3,757,207
2,830,376

163.52
611,008
1,060,124
3,087,408
1,882,802
28,017.643
3,042,368
522,934,183
$
4,350,126
2,967,870

168.53
613,367
1,041,757
2,903,726
1,581.448
27,808,528
7,649,189
484,248^62

4,040,784
2,904,712

168.53
590,918
1,066,941
2,827.934
1,265,115
23,544,920
7,385,588
500,609,334
$
3,880,175
2,655,623

174.13
691,101
1,337,404
3,392,403
1,444,655
25,815,033
9,233,541
612,617,475

9

4,704,857
3,390,096

177.19

743,330
1.377,449
3,442,263
1,529,753
27,606,518
9,110,726
610,110,528
$
4,501,421
3,117,34C

177.19
766,594
1,349,406
3,598,391
1,497,935
27,777,330
10,015,971
651,905,348
$
4.666,686
3,224,693

Passengers Carried

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Gross Trans. Earnings
Oper. Expenses and Taxes.

Net Earnings

947,889
627,226

926,831
672,389

1,382,256

767,722

1,1*6,072

707,455

1,224,552
700,168

1.314,761
682,922

1,384,081
600. 1C',

1,441,993
69»,C98

Fixed Charges

Surplus ^

320,66,"
(6) 184,500

24,497
18,707
5,790
76.37 p. c.
2.27 c.
0.82 c.
$
4,000,000
3,000,000
189,625

254,44?
(6) 240.000

22,949
17,309
5,640
75.33 p. c.
2.25 c.
0.80 c.
$
4,000,000
3,000,000
157,822
750,000

614,774
(10)400,000

2G,603
18,149
8,454
68.27 p. c.
l.C9c.
0.71 c.
$
4,000,000
4,000,000
136,242

<<28,fil7
(10)400,000

23,977
17,236
6,741
71 .88 p. c.
1.9G c.
0.71 c.
$
4,000,000
4,000,000
142,242

524,384
(10)400,000

23,024
15,758
7,266
68.44 p. c.
1.92 C.
0.67 c.
$
4,000.000
4,000,000
113,587

631,839
(10)400,000

27,019 22
19,468 76
7,55046
72.05 p. c.
1.95 c.
0.67 c.
$ '
4,000.000
4,000,000
650,088

693,974
(10)400,000

25,40449
17,609.82
7,895 17
69.25 p. C.
2.02 c.
0.63 c.
$
4,000,000
4,000,000
331,087

742,095
(10)400,000

26,337 19
18,199 07
8,13812
69.10 p. c.
1.06c.
0.62 c.
$
4,000,000
4,000,000
220,500

Dividends

Gross Earnings per Mile . . .
Gross Expenses per Mile . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .

Capital Stock . .......

Funded Debt

Real Estate Mortgages

Current Liabilities *

638,053
1,329,465

644,360
1,337,086

607,666
1,551,860

499,119
1,575,712

563,140
1,677,843

601,412
1,910,323

538.899
2,222,355

874,977
2,550,500

Profit and LOPS

Total Liabilities

9,157,144

8,165,746
265,614

9,889,268

9,010,490
265,614

10,895,768

7,671,133
1,562,472
191,850
545,391
153,459
171,464

10,217,073

7,671,133
1,562,472
218,396
215,729
182,185
t367,159

10,354,572

7,671,133
1,562,472
285,287
320,065
125,284
390,329

11,161,823

7,671,183
2,104,972
317,024
391,781
190,820
486,093

11,092,341

7,671,133
2,082,472
328,508
321,213
213,358
475,657

11,645,977

7,855,777
2,032,972
322,973
531,987
232,949
669,319

Cost of Road and Equipm't.
Real Estate, etc

Securities Owned

427,626
205,387
92,771

384,060
133,929
95,174

Materials, etc

Cash

Total Assets

9,157,144

9,889,268

10,295,768

10,217,073

10,354,572

11,161,823

11,092,241

11,645,977

* Including accrued interest and unpaid dividends. t Including $242,464 " other property and assets."

POOR'S MANUAL — PITTSBURGH AND LAKE ERIE RR. CO.

47

General Balance Sheet, Dec. 31, 1897.

Cost of Road $4,952,425 27

Cost of Rolling Stock 2,903,351 49

Rights of Way and Station Grounds 1 ,812,472 30

Real Estate 220,500 00

•Stock and Bonds owned 322,973 29

Current Account? 261,602 71

Materials on Hand 232,949 24

Bills Receivable 2,000 00

Due by Agents 268,383 75

CashonHand 669,318 62

Total Assets $11,645,976 67

Capital Stock (shares, £50) $4,000,000 00

Funded Debt Outstanding (see below) .... 4,000,000 00

Real Estate Mortgages 220,50000

Current Accounts 589,977 01

Accrued Interest 85,000 00

Unpaid Dividends 200,000 00

ProfltandLoss 2,550,499 65

Total Liabilities $11,645,976 67

* " Stock and Bonda Owned " consists of Mahoning State Line RR. advances, $104,953.88; Ellwood Con-
necting RR. capital stock, $48,000; Pittsburgh, Chartiers and Youghiogheny RR. capital stock, $139,849.55;
Pittsburgh, Chartiers and Youghiogheny RR. gen. natge. bonds, $17,965; Pittsburgh, Chartiers and Youghi-
ogheny RR. sinking fund, $12,204.86— total, $322,973.29.

Funded debt consisted, Dec. 31, 1897, of $2,000,000 1st mtge. 6 p. c. 50-yr. $1,000 gold coup, bonds, due
Jan. 1, 1928, interest Jan. and July; and $2,000,000 2d mtge. (series " A " and " B ") 5 p. c. 30-yr. $1,000
gold coup, bonds, due Jan. 1, 1928, interest April and Oct.

Interest on Ists payable at the company's office in Pittsburgh ; on 2ds, at the office of the
New York Security and Trust Co. Trustees : 1st mtge., Safe Deposit Co., Pittsburgh, Pa. ;
3d mtge., New York Security and Trust Co., New York, N. Y.

Dividends. — This company paid its first dividend, 3 p. c., in 1884, and its twenty-eighth,
5 p. c., Aug. 1, 1897, the aggregate equalling 106 p. c. See GENERAL INDEX for table of divi-
dends paid 1890 to 1898.

RAILROADS LEASED OB OPERATED BY THE PITTSBURGH AND LAKE ERIE RR. Co.

Beaver and Ellwood RR.— Ellwood June,
to Ellwood City. Pa., 2.91 m.; total track (steel;
60 IDS.), 2.91 miles. Gauge, 4 ft. 8i in. Organized
May 20, 1890; road built in 1890. Operated under
temporary lease by the P. & L. E., rental based
upon earnings. Financial Statement, June 30, 1897.
—Capital stock (shares, $100), $50,000; funded debt
(1st mtge. 5 p. c. 20-yr. bonds, due April 10, 1910,
interest April and Oct.. at Ellwood City), $50.000;
current liabilities, $12,934; profit and loss, $3.967—
total, $116,901. Contra: Cost of road, etc., $112,-
141; stocks owned, $2,000; cash and current assets,
$2.760— total, $116,901. Trustee of bonds: Fidelity
Title and Trust Co., Pittsburgh, Pa. H. W. Hart-
man, Pres. ; Samuel A. Roelofs, Sec. & Treas.,
Ellwood City, Pa. General OfBce, Ellwood City, Pa.

EllTrood Connecting; RR.— Junct. P. & L.
E. RR., to Junct. B. & E. RR., 0.68 mile. Gauge,
4 ft. 8i in. Rail (steel), 70 Ibs. Chartered April 4,
1868; road opened June 30, 1893. Operated by the
Pittsburgh and Lake Erie RR. Co. (which owns its
entire capital stock), but operations reported sepa-
rately. Earnings, year ending Dec. 31, 1897 (pas-
senger, $1,490; freight, $2,574; other, $74), $4,138.
Expenses and taxes, $273; other charges, $3.865—
total, $4,138. Financial Statement, Dec. 31, 1897.—
Capital stock, $50,000; accounts, $2,690; profit and
loss, $10,753 — total, representing cost, etc., $63,443.
Jas. M. Schoonmaker, Pres.; Jno. G. Robinson, Sec.
& Treas.; C. H. Bronson, Auditor, Pittsburgh, Pa.
General Office, Pittsburgh, Pa.

Mahonlngr State Line RR.— Bentley to Shaw
Junct., Pa., 3.16 m.: total track (steel; 65 Ibs.), 7.19
miles. Gauge, 4 ft. 8i in. Chartered Aug. 10. 1891;
road opened Jan. 1, 1895. Leased Jan. 1, 1895, for
99 years to the Pittsburgh and Lake Erie RR. Co.
(which owns the entire capital stock); rental. State
and county tax. Financial Statement, Dec. 31. 1897.
—Capital stock (shares. $50) auth. and paid in. $100,-
000; unfunded debt, $4,185— total, representing cost,
$104,185. Jas. M. Schoonmaker, Pres.; Jno. G.
Robinson, Sec. & Treas.; C. H. Bronson. And., Pitts-
burgh, Pa. General Office, Pittsburgh, Pa.

Pittsburgh, McKeesport and Yongfhl-
ogneny RR.— Pittsburgh, Pa., to New Haven,
Pa., 56.95 m. ; Monongahela Division: Reynoldton to
Belle Vernon, Pa., 27.68 m.; Dickerson Run and
other Branches. 8.25 m. ; Elwell Run Branch: Whit-
sell to Perryopolis, 5.01 m.— total. 97.89 m. ; 2d track.
27.73 m.; sidings, 83.91 miles. Rail (steel), 71 Ibs.
Gauge, 4 ft. 85 in. Chartered Jan. 1, 1881; opened
Nov. 19, 1883. (See Manual for 1892.) Leased Jan.
1, 1884, for 999 years from Aug. 3, 1881, by the
Pittsburgh and Lake Erie RR. Co., that company and

the Lake Shore and Michigan Southern Ry. Co. guar-
anteeing Interest on 1st and 2d mtge. bonds (but
not on McK. & B. V. bonds), and 6 p. c. dividends
on stock. The company owns 23 locomotives, 16
uassemjer, and 715 freight cars. Capital stock,
$3,959,650; funded debt (1st mtge. 6 p. c. 50-yr.
bonds, dated July 1, 1882, interest Jan. and July.
$2,250,000; 2d mtge. 6 p. c. 50-yr. bonds, due July 1,
1934, interest Jan. and July, $900,000; 1st mtge.
McK. & B. V. 6 p. c. 30-yr. bonds, due Jan. 1, 1918
interest Jan. and July, $600,000), $3,750,000— total,
representing cost of road and equipment, $7,709,650.
Guaranteed dividends and interest on Ists of 1932,
and 2ds of 1934, payable at the office of the Union
Trust Co., New York; interest on McK. & B. V.
bonds, at the office of the trustee. Fidelity Title and
Trust Co., Pittsburgh, Pa. Under the terms of the
joint guarantee of dividends referred to before, it is
provided that the stock snail be redeemed by the
guarantors on July 1, 1934. Jas. M. Schoonmaker,
Pres., Pittsburgh, Pa.; H. McK. Twombly, Vice-
Pres., New York, N. Y.; John G. Robinson, Sec. &
Treas., Pittsburgh, Pa. Corporate Office, Bank of
Commerce Building, cor. 6th Ave. and Wood St..
Pittsburgh, Pa.

Thompson Run RR. and Coal Co.— Ell-
wood June, to Thompson Rup Mine, Pa., 56 miles.
Gauge, 4 ft. 81 in. Rail (steel), 60 Ibs. Chartered
July 1, 1891; road opened Oct. 1. 1892. Operated by
the Pittsburgh and Lake Erie RR. Co. Capital stock
(shares, $100). auth., $50,000; paid in. $46,500;
bonded debt. 1st mtge. 6 p. c, 10-yr. $500 bonds, due
May 1, 1905. interest May and Nov., at Citizens'
National Bank, New Castle, Pa.; auth. and outstand-
ing, $25,000— total stock and bonds, $71,500. Trustee
of bonds: D. Jameson. Directors.— M. S. Marquis, L.
S. Hoyt, C. A. Reed. Wm. Denthitt, L. Raney, C.
D Cohan, Lee R. Gorden, New Castle, Pa. Officers:
M. S. Marquis, Pres.; Lee R. Gorden, Treas. & Sec.;
C. D. Cohan, Aud., New Castle, Pa. General Office,
New Castle, Pa.

Yonprhtoj?heny Northern RR.— Bradford
to Summit, Pa.. 1.92 m.; 2d track, 1.79 m. ; sidings,
4 47 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8J in.
Chartered Aug. 16, 1881; road opened in 1863. Leased
to Pittsburgh, McKeesport and Youghiogheuy RR.
Co Financial Statement, June 30, 1897.— Capital
stock, $400,000; current liabilities, $2,943: profit and
loss. $7.511— total, $410,454. Contra: Cost of road,
$40(1.000; cash and current assets. $9.121; sundries,
$1 333— total. $410,454. Thomas Mellon, Pres.; A.
M Thorne, Treas.; W. F. McCook, Sec., Pittsburgh,
p.«. General Office, Pittsburgh, Pa.

48

POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Board of Directors, P. & L. E. RR. Co., elected Jan. 25, 1898.

Cornel's Vanderbilt. New York, N. T.
Wm. K. Vanderbilt.
H. McK. Twombly . "

F.W, Vanderbilt... " "

A. E. W. Painter. .. .Pittsburgh, Pa.

M.W.Watson " "

James M. Bailey. ... " "

P. C. Knox...

E. D. Worcester. . . New York. N. Y.
Jas. M. Schoonmaker.Pittcburgb.Pa.

Henry Hice Beaver, Pa.

D. Leet Wilson Pittsburgh, Pa.

S. R. CALLAWAY, President Cleveland, O.

James M. Sclioonraaker, Vice-President and Gen. Manager Pittsburgh, Pa.

Sec. & Treas.—John G. Robinson Pittsburgh, Pa. | Auditor — C. H. Bronson Pittsburg, Pa.

PBINCIPAL OFFICE AND ADDKESS Cor. 6th Ave. and Wood St., Pittsburgh, Pa.

PITTSBURGH, BESSEMER AND LAKE ERIE RAILROAD COMPANY.

(For map of this road see page 49.)

Main Line of Road. — Butler, Pa., to Wallace Junction, Pa 106.70 miles.

Hittiard Branch : Branchton, Pa., to Billiard, Pa 10.30 m.

Coaltown Branch : Coaltown Junction, Pa., to Coaltown, Pa 2.40 m.

South Branch : Branchton, Pa., to Gomersol and Chisholm, Pa 5.10 m.

Conneaut Branch : Cranesville, Pa., to Conneaut Harbor, 0 14.40 m.

Erie Branch : Cascade to Erie, Pa 2.16 m.

Other branches : Filer, 2.04 m.: Butt Valley, 3.2 m.; Reed, 2.2 m.;

Mercer, 0.8 m. ; Enterprise, 1.5 m 9.74 m. — 44.10 "

Leased: Meadmlle, Conneaut Lake and Linesville RR. (see j'^ge 50) 22.75 "

„, , ( N. Y. C. & St. L. RR. : Wallace J unc. to Cascade, Pa 12.40 m.

ickage : -j p^bwrghcmd Western Ry.: P.& W. June, to Butler, Pa. 0.50m.— 12.90 "

Total length of all lines operated, June 30, 1897 186.45 miles.

Sidings (owned), 28.70 miles. Gauge, 4 ft. 8£ in. Rail (steel, 147.71 m.), 60 IDS.

History. — Consolidation, Jan. 20, 1897, of the Pittsburgh, Shenango and Lake Erie and
the Butler and Pittsburgh RR. Cos. (See MANUAL for 1897, p. 837.) An extension from But-
ler south to Bessemer, 42.5 m., has been completed and put in operation since the close of the
fiscal year.

Rolling Stock, June 30, 1897. — Locomotives, 28. Cars — passenger, 23 ; baggage, mail
and express. 6 ; freight (box, 51 ; stock, 10 ; flat, 64 ; coal, 1,896), 2,021 ; caboose, 19 ; other,
65 — total, 2,134. Of this equipment 6 locomotives and 1,500 coal cars are leased.

Operations, year ending June 30, 1897. — Train mileage — passenger, 237,028 ; freight,
246,519 ; mixed, 58,608 ; other, 148,845— total, 691,000 miles. Passengers carried, 368.691 ;
carried one mile, 8,618,200; average mile rate, 1.66 cents. Tons freight moved, 1,004,679;
moved one mile, 85,263,548 ; average ton-mile rate, 0.49 cent.

EARNINGS. 1896-97 1895-96

Passenger $142.90780 $152,41563

Freight 417,91094 465,85803

Mail . . 12,897 87 12,903 24

Express 13,55174 13,33819

Other 11,75108 1,75881

Totals $599,01943 $646,27390

Totals per Mile 3,212 76 3,453 98

EXPENSES. 1896-97 1895-96

Conducting Tran spoliation $256, 730 10 $261 ,380 23

Maintenance of Equipment 68,38397 67,05713

Maintenance of Way & Bldgs .. 129,06016 102,20447

General 51,27806 37,69785

Totals $505,452 29

Totals per Mile 2,71093 2,50301

Net earnings, 1896-97 (15.66 p. c.), $93,567.14 ; add interest aud dividends, $1,279 ; sun-
dry credits (net), $60,968.05— total, $155,814.19. Payments: Interest on bonds, $246,875;
on debt, $29,600.29; rental (M., C. L. & L. RR.), $9,705.18; taxes, $6,924.48— total,
$293,104.95. Deficit, $137,290.76 ; surplus forward, $19,903.02 ; net deficit, $117,387.74.

General Balance Sheet, June 30^ 1897.

Cost of Road $18,485,919 69

Cost of Equipment 1,046,124 10

Bonds Owned (see below) 39,800 00

Supplies and Material on Hand 15,772 11

Bills Receivable 10,013 77

Current Accounts 539,208 23

Cash on Hand 13,126 62

Profit and Loss 117,387 74

Total Assets $20,267,35226

Capital Stock (shares, $50) $10,000,000 00

Funded Debt Outstanding 7,626,000 00

Equipment Trust Obligations 351 ,560 60

Bills Payable 1,525,271 34

Currant Accounts . . 620,420 32

Int. on Bonds Accrued not yet Payable. . . 37,500 00

Int. Coupons due and not Presented 106,600 00

Total Liabilities $20,267,352 26

3> >/ X
Skidmore ./y'-^»\Cattaraugui

Sinclair V.. I

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,utauqutL\

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larbor Cfeek

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\ <£?****£ /^*

WALLACE JC.
iGirard

^;°5^<»^_/VLockpon

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Columbus

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S*

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Tionesta

Jfj^Jv liarlonville

ill City Tylersbnrg
Clarion Jc.>

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ndseyS

Big Run

. . v v/ ^rw'^W ,,

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r\^>-«« WB,A^«^-»

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Homewood^ ..^WwsJrl ^Xpel411*! AND

I vWocb*816' X*«l *^axonMK _ _, _ _

B«^^. CALLER^M*4 '\I^ LAKE ERIE E. R.

ilButler.^ttK

Liverpool^.j^^S*''' \ ^\5 ^ TaTenciaH4 -|>T»tron^ >^> ^ND CONNECTIONS.

Gibsonial J| W "\V .

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O Vl Montou%^-afc-^ARV1^- --^S^ /Black L,ck

50

POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

The item " bonds owned " in the balance sheet consists 6f $39,000 in bonds of the Mead-
ville, Conneaut Lake and Linesville RR. Co. and $800 in bonds of the Standard Plate Glass Co.
Statement of funded debt outstanding, June 30, 1897 :

Description of Bonds.

Denomi-
nation.

DATE OF—

INTEREST.

AMOUNT OP BONDS.

Issue.

Maturity.

Rate.

Payable.

Author-
ized.

Out-
standing.

P., S. & L. E. RR., 1st Mtge., Coup
P., S. & L. E. RR., Consol. 1st Mtge., Coup..
P., B. & L. E. RR., Consol. Mtge., Coup

Total . ...

$
1,000
1,000
1,000

1890
1803
1897

Oct. 1, 1940
July 1, 1943
Jan. 1, 1947

p. c.
5
5
5

A. &O.
J. & J.
J. & J.

$
3,000.000
4.800,000
10,000,000

$
3,000,000
786,000
3,840,000

17,800,000

7,626,000

Of the consol. mtge. bonds of 1897-1947, $4,800,000 are reserved to retire the prior mtge. bonds, at or
before maturity, and $2,800,000 are applicable to the corporate purposes of the company, as provided in the
mortgage. The remaining $2,400,000 with interest from Aug. 1, 1897, were provided to be issued in part
payment for the Butler and Pittsburgh RR. Interest on bonds is payable at the offices of the trustees — for
P. S. & L. E. 1st mtge. of 1890 and 1st consol. mtge. of 1893, Central Trust Co. of New York; for consol.
mtge. of 1897, United States Trust Co. of New York.

RAILROAD LEASED BY THE P., B. & L. E. RR. Co.

Meadville, Conneant Lake and Liines-
ville RR.— Meadville to Linesville, Pa., 20.5 m.;
branch to Vallonia, 1.05 m. ; Lynce's June, to Ex-
position, 1.2 m.; total, 22.75 m.; total track (steel,
15 m.), 25.9 miles. Rail, 60 Ibs. Reorganization of
the Meadv. and Llnesv. RR. Co., whose property was
sold under foreclosure early in 1891. Leased for 99
years from June 8, 1891, to the P., S. & L. E. RR.

Co., and lease assumed by tb,e P., B. & L. E. RR.
Co.; rental, 25 p. c. of gross earnings. Financial
Statement, June 30, 1897.— Capital stock, $200,000;
funded debt, 1st mtge. 5 p. c. bonds, $200.000— total,
representing cost, $400,000. Samuel B. Dick, Pres.;
John E. Reynolds, Sec. & Treas., Meadville, Pa.
Corporate Office, Meadville, Pa.

Andrew Carnegie . . New York, N. Y
J. Edw'd Simmons.

Chas. S. Smith "

Samuel B. Dick Meadville, Pa.

Board of Directors, P. B., & L. E. RR. Co., elected April 6, 1897.
SAMUEL B. DICK, Chairman of the Board Meadville, Pa

A. C. Hnidekoper . . . .Meadville, Pa.

John Dick

Henry C. Frick Pittsburgh, Pa.

^ , --. William N. Frew....

Thomas H. Wells Youngstown, Pa. \ James H. Reed...

JAMES H. REED, President Pittsburgh, Pa.

Jabez T. Odell, Vice-President

Treas»rer-Thos. H. Given. . . . . .Pittsburgh, Pa. I Gen. Coun*el-P. C. Knox Pittsburgh, Pa.

Secretary— R. A. Franks " I Auditor— D. Hum, Jr.

PRINCIPAL OFFICE AND ADDRESS Carnegie Building, Pittsburgh, Pa.

Jabez T/ Odell Pittsburgh, Pa.

Thos. H. Given ' "

Andrew M. Mellon.. "

Edwin 8. Mills Cleveland, O.

Pittsburgh, Pa.

ULSTER AND DELAWARE RAILROAD COMPANY.

Line of Road. — Kingston Pt., N. Y., to Stamford, N. Y 75.0 m.

Leased : Hobart Branch RR., 3.61 m. ; Delaware and Otsego RR , 8.79 m. 12.4 in. — 87.4 miles.
Sidings (owned, 13.99m.; leased, 1.74m.), 15.73 miles. Gauge, 4 ft. 8$ in. Rail (steel —
owned, 85.53 m.; leased, 13.61 m.; total, 99.14 m.), 60 and 70 Ibs.

History. — Organized June 11, 1875, as successor to the New York, Kingston and Syra-
cuse RR. Co., whose road was sold under foreclosure, May 1, 1875. On June 1, 1893, the
company acquired control of the Kaaterskill and the Stony Clove and Catskill Mountain RRs.

Rolling Stock, June 30, 1897. — Locomotives, 16. Cars — passenger. 25 ; baggage, etc.,
10; freight (box, 57 ; flat, 161; stock, 2 ; coal, 32 ; milk, 9 ; caboose, 4), 265; other, 5—
total, 005.

Operations, year ending June 30, 1897.— Train mileage— passenger, 149,462 ; freight,
122,680 ; other, 65,090— total, 337,232 miles. Passengers carried, 189,382 ; carried one mile,
4,567,999; average mile rate, 2.86 cents. Tons freight moved, 182,860; moved one mile,
5,007,138 ; average ton-mile rate, 4.94 cents.

Earnings— Passenger $130,933 21 Expenses— Conducting Transportation $1 (2,794 00

Freight 247,83699 Maintenance of Equipment 39,39520

Mail and Express 20,28137 Maintenance Way & Buildings. . 88,16639

Miscellaneous 1,70541 General 19,34394

Total ($4,585.31 per mile) $400,756 98 Total (,$3,314.64 per mile) $289,699 53

POOR'S MANUAL — ULSTER AND DELAWARE RR. CO. 61

Net earnings (27.71 p. c.), $111,057.45; interest received, $16,700— total, $127,757.45.
Payments: Interest on bonds, $95,802.17; ou debt, $2,963.34; taxes, $20,322.51— total,
$119,088.02. Surplus, $8,669.43; surplus forward, $425,770.46— t'>tal, $434,439.89.

Capital stock, bonded debt, revenues, etc., for eight fiscal years ending June 30 :

Years.
1890

Capital
' Stock.

t

1,694,600

Bonded
Debt.

$

1,227,200

Cost and
Invest-
ment*.

$

3,278,026

RR.
Oper-
ated.
Miles.
78.00

Gross
Earn-
ings.

$

380,069

Expen-
ses and
Taxes.

1

243,908

Net
Earn-
ings. ]

$

116,161

Total ,
Net
Jev'ue.

S

116,"161

nterest
Charges

$

63,744

Total
Pay-
ments.

$

64,244

Balance
(+ or-)

8

+51,917

1891

1,694,600

1,397,700

3.298,852

86.40

376,144

257,527

118,617

118,617

72.285

72,285

+ 46,332

1892

1,694,600

1,396,300

3,301,334

86 40

399.867

287,940

111,927

111,927

69,650

69,650

+42,277

1893

1,794,600

1,855,300

3.988,183

86.40

433,469

313,621

119,848

125,121

73,646

73,646

+ 51^474

1894

1,734,600

1,&52,500

3.990,949

86.40

428,053

308,942

119,111

120.055

93,202

93,202

+ 26,853

1895

1,794,600

1,852,300

4,020,62-4

86.40

405,2>7

335,607

69,620

103,748

92,600

92.KOO

+ 11448

1896

1,794,600

1,852,300

4,123,920

87.40

419,355

334,62fi

84.729

101,435

92,657

92,65:

+• 8 778

1897

, 1,794,600

1,997,300

4.236.279

87.40

400.757

310,023

90,734

107,434

95,302

98,765

+ &669

General Balance Sheet, June 30, 1897.

CostofRoad $3,157,92927

Cost of Rolling Stock 338,350 17

Stocks Owned 740,000 00

Materials and F-iel on Hand 40,098 78

Dueby Agents 18,26103

Current Accounts 27,869 30

Cash on Hand 20,374 52

Capital Stock (par, $100) $1,794,600 00

Funded Debt Outstanding 1,997,300 00

Current Accounts 102,66996

Interest on Funded Debt 11,995 83

Bondholders D. & O. RR. Co 1,877 39

Profit and Loss 434,439 89

Total Assets $4,342;8S3 07 Total Liabilities $4,342,883 07

The stock was issued in exchange for bonds of the old company. The amount author-
ized is $3,000,000.

Funded debt consisted June 30, 1897, of —

1st consol. 5 p. c. 40-yr. $1,000 gold coup, bonds, due June 1, 1928, int. payable June 1 and Dec. 1. .$1,997,000
2d mtge. 7 p. c. income 30-yr. bonds, due July 1, 1905, interest payable Feb. 1 and Aug. 1 300

The authorized issue of consols, is $2,000.000. They were issued to take up old 7 p. c. bonds and to
provide for extensions and betterments. Sufficient of them are held by the trustee for the retirement of the
outstanding incomes. Principal and interest payable in gold at the office of the trustee, Central Trust Co.,
New York, N. Y. Coupon bonds may be registered at the office of the trustee, the Central Trust Co. of New
York. Income bonds have voting power.

RAILROADS LEASED BY THE ULSTER AND DELAWARE ER. Co.

Delaware and Otsegro RR.— Hobart to
Bloomvllle, N.Y., 8.79 m.; sidings, 0.87 mile. Gauge,
4 ft. 8} in. Rail (steel. 8.79 m.). 70 Ibs. Chartered
May 5, 1887; road opened May 20, 1891. An exten-
sion of thi£ road is proposed to Oneonta, N. Y., a
distance of 18 miles. Leased for 999 years from Feb.
1, 1893, to the Ulster and Delaware RR. Co. The
capital stock was transferred to the lessee, the com-
pany receiving in payment therefor 1,000 shares of
stock, $125,000 consols, and $65.000 cash. Financial
Statement, June 30, 1897.— Capital stock, $299.800;
Income balance, $6,786— total, representing cost, etc.,

$306.586. Charles Bray, Pres.; R. B. Jones, Sec.;
Rondout. N. Y. Corporate Office, Rondout, N. Y.

Hobart Branch RR.— Stamford to Hobart, N.
Y., 3.61 m.; total track (steel. 3.61 m.), 4.48 miles.
Rail, 62 Ibs. Incorp. March 25, 1884; opened Dec. 1,
1884. Leased to U. & D. RR. Co. for 999 years.
Capital stock, $50,000, all owned by the U. & D. RR.
Co., having been exchanged for an equal amount of
5 p. c. bonds of that company. Contra: Cost of
road, $42.898; profit and loss, $7,102; total. $50,000.
Charles Bray, Vice-Pres., Rondout, N. Y. Corporate
Office, Rondout, N. Y.

Board of Directors, Ulster and Delaware RR. Co., elected Dec. 7, 1897.

S. D. Coykendall. . . .Rondout, N. Y.
George Coykendall . .
T. C. Coykendall

H. C. Soop Rondout, N. T.

Amos Van Etten..,. "
A. S. Staples "

H. S. Coykendall. . . .Rondout, N. Y.
Fred. Coykendall . . .

Chas. Bray "

H. G. Young Rondout, N. Y.

S. D. COYKENDALL, President Rondout, N. T.

T. C. Coykendall, Vice-President " "

Treasurer— H. S. Coykendall Rondout, N. Y. I Auditor— R. B. Jones Rondout, N. Y.

Secretary— H. C. Soop | General Superintendent — E. Coykendall

PRINCIPAL OFFICE AND ADDRESS Rondout, N. Y.

RAILROADS OWNED BY THE U. & D. RR. Co., BTTT OPERATED SEPARATELY.

KAATERSKILL, RR.— Kaaterskill June, to Kaaterskill Sta., N. Y., 7.50 m.; CatskUl and Tanners-
ville RR. (operated), Kaaterskill Sta. to Otis Summit Sta., 1 m.; sidings (owned, 0.63 m.; operated, 0.12 in.), 0.75

nation, 1 ; besg-ge, etc., 2— total, 5.

Operations, year ending June 30. 1S97.— Trains run (passenger, 9,368 ; mixed, 5,686 ; other, 2,646), 17,700
miles. Passengers carried, 25,122 ; carried one mile, 122,659. Tons moved, 4,101 ; ton-miles, 15,713. Earnings

52 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

(passenger, $8,750 ; freight, $3,763 ; other, $843), $13,355. Operating expenses, $10,996. ^et earnings, $2,359.
Paid taxes, $786. Surplus, $1,574 ; surplus forward, $74,304— total, $75,878.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $100,000 : accounts, etc., $9,782 ;
treasurer's balance, $2,399 ; profit and loss, $75,878— total, $186,258. Contra : Cost of property, $184,530 ;
materials, etc., $127 ; accounts, $1,600— total, $186,258.

CATSKILL AND TANNERSVILLE RR.— Otis Co., $750), $1,500. Paid dividends (6 p. c.), $1.500.
Summit to Kaaterskill Station, 0.93 m.; sidings, 0.28 ' Financial Statement, June 30. 1897.— Capital stock,

$25.000; unfunded debt. $5,472— total, $30,472. rep-
Rickerson, Pres., 54

resenting cost, etc. Charles L.
Harrison St.. New York, N. Y.;
Treas., Catskill, N. Y. Corporate Office, Catskill,

C. A. Beach, Sec.

mile. Gauge, 3 ft. Rail (steel), 40 Ibs. Chartered
Sept. 14, 1892; road opened July 8, 1893. Operated
at cost, during summer season, by the K. RR. Co.
and the U. & D. RR. Co. Receipts, year ending June
30, 1897 (from O. El. Ry. Co., $750; Catskill Mt. Ry. N. Y.

Directors, K. RR. Co. (elected Feb. 9, 1897).— S. D. Coykendall, H. S. Coykendall, T. C. Coykendall, R. B.
Jones, H. C. Soop, Rondont, N. Y.; H. G. Young, Albany, N. Y. ; Geo. Harding, Philadelphia, Pa. OFFICERS :
T. C. COYKENDALL, Pres.; H. S. Coykendall, Treas.; R. B. Jones, Sec. <& Aud., Rondout, N. Y. CORPORATE
OFFICE, Rondont, N. Y.

STONY CLOVE AND CATSKILL MOUNTAIN RR.— Phoenicia to Hunter, N. Y., 14.30m.;
sidings, 1.65 miles. Rail (steel), 42 Ibs. Gauge, 3 ft. Incoi-p. Jan. 18, 1881 ; opened throughout June 24, 1882.
On June 1, 1893, the U. & D. RR. Co. purchased the stock and bonds of this company, $334,000 1st consols of the
U. & D. Co. and $8,000 in cash being issued to the stockholders. This road is operated independently. Loco-
motives, 2. Cars — passenger, 9 ; baggage, 1 ; freight (flat), 7— total, 17. Also 21 sets transfer trucks.

Operations, year ending June 30, 1897.— Trains run (passenger, 8,998 ; mixed, 18,980 ; other, 2,980), 30,958
miles. Passengers carried, 31,569; carried one mile, 3(56,387. Tons moved, 10,789 ; ton-miles, 137,098. Earnings
(passenger, $25,671 ; freight. $10,038 ; other, $1,668), $38,376. Operating expenses, $25,263. Net earnings,
813,113. Payments: Interest on bonds, $16,700 ; taxes, $2,120— total, $18,820. Deficit, $5,707 ; surplus forward,
$218.457; net surplus, $212,751.

Financial Statement, June 30, 1897.— Capital stock (auth. $200,000 ; shares, $100), $124,000 ; accounts,
etc., $11,142; treasurer's balance, $9,199 ; profit and loss, $212,751— total, $357.092. Contra : Cost of property,
$348.503; materials, etc., $242; due by agents, $553; accounts, $7,793— total, $357,092. The $210,000 Istmtge.
bonds of 1911 have been cancelled.

Directors (elected Jan. 11, 1897).— S. B. Coykendall, H. S. Coykendall, T. C. Coykendall, A. S. Staples,
R. B. Jones, H. C. Soop,Chas. Bray, Amos Van Etten, Roudont, N. Y.; H. G. Young, Albany, N. Y. OFFICERS:
S. D. COYKENDALL, Pres. ; T. C. Coykendall, Vice-Pres.; H. S. Coykendall, Treas.; R. B. Jones, Sec. & Aud.,
Rondont, N. T. CORPORATE OFFICE, Rondout, N. Y.

WESTERN MARYLAND RAILROAD COMPANY.

(Hillen Station to Madison St., Baltimore, Md — 0.40 m.
Lines of Road : •{ Baltimore (Fulton Jc.), Md., to Williamsp't, Md.90.29 m.

(Connections, B. &O.& N. & W. KRs. at Hagerst'n 2.00 m.— 92.69 miles.
C Baltimore & Cumberland Valley Ry. in Md. (see page 54).. 3.03 m.

Baltimore & Cumberland Valley RR. in Pa. (see page 54). . 4.55 m. v
I Baltimore & Cumberland Valley RR. Exten. (see page 55) — 26.52 m.

Leased : I Potomac Valley RR. (see page 55) 14.30 m.

Baltimore and Harridburg Ry. (see page 55) 66.00 m.

Baltimore and Harrisbvrg Ry. East Ext. (see page 55) 16.60 m.

[Baltimore and Harrisburg Ry. West Ext. (see page 55). . . .15.00 m. — 146.00 "

Total length of lines operated Sept. 30, 1897 238.69 miles.

Sidings, etc., (owned, 29.9 m.; leased, 26.65 m.), 56.55 miles. Gauge, 4 ft. 8$ in. Rail —
iron, 56 Ibs.; steel (owned, 92.69 m.; leased, 135.20 m.— total, 227.89 m.), 60 and 70 Ibs.

The company also uses 2.7 m. in Baltimore (Madison St. to Fulton June.), owned jointly
by the Northern Central Ry. Co., and the Baltimore and Potomac RR. Co.

History. — Chartered March 21, 1853 ; road opened Dec. 17, 1873. (See MANUAL for
1891, p. 572.) Tha following branch roads, though parts of the Western Maryland system,
are not controlled or operated by this company : Emmitsburg RR., 6.8 m. ; Monocacy Valley
RR., 3.9 m. ; Gunpowder Valley RR., 2.9 m. ; Bachman Valley RR. of Md., 5 m.; Berlin
Branch RR., 7 m.; total, 25.6 m., with 3.09 m. of sidings.

On Dec. 21, 1882, $371,000 was received from Baltimore City on account of improvement
loan (see MANUAL for 1884, p. 374); on July 2, 1883, $131,000; July 2, 1884, $115,000; July
2, 1885, $67,000— total of $684,000, all expended for improvements, etc. Through these
advances, and also by its ownership of the entire issue of 4th mortgage bonds, the city con-
trols this company.

Rolling Stock, Sept. 30, 1897. — Locomotives, 51. Cars — passenger, 61 ; parlor, 1 ; bag-
gage, etc., 17 ; freight (box, 391 ; gondolas, 247 ; iron coal, 25 ; stock, 38 ; caboose, 8), 709:
service, 30 ; wreck, 4; Russell snow-plough, 3 — total, 825. Also, 47 hand-cars, 61 truck cars
and 14 coal dumps. Of these, 98 box and 25 coal cars are leased.

POOR'S MANUAL — WESTERN MARYLAND RR. CO.

53

Operations, year ending Sept. 80, 1897. — See tabulated statement on page 54.

Earnings— Passenger $329,535 69

Freight and Milk 823,947 52

Mail and Express 47,215 70

Miscellaneous 50,53962

Expenses— Conducting Transportation $471,901 41

Maintenance of Equipment 116,959 59

Maintenance Way and Buildings. . 143,922 08
General 83,54785

Total (§5,242.10 per mile) $1,251,238 53 Total (§3,420.05 per mile) $816,330 93

Net earnings (34.75 p. c.), $434,907.60 ; add dividend on B. & H. Ry. common stock, $32,-
952.50— total, $467,860.10. Payments: Interest ou funded debt, etc., $175,798.85; leased
line rentals, $102,983 ; Hillen Terminal interest, $26,861.47 ; betterments, $7,603.84 ; ground
rents, $1,757.51 ; taxes, $23,888.87 ; dividends ou B. & H. Ry. stock (common, $34,545 ; pre-
ferred, $1,396.25), $35,941.25 ; P. V. RR. sinking fund, $7,525— total, $382,359.79. Surplus,
$85,500.31 ; of which $64,801.05 belongs to the Western Maryland RR. Co. proper, and
$20,669.26 to the Baltimore and Harrisburg Ry. Co.

Profit and Loss Account (W. M. RR. Co.), year ending Sept. 30, 1897.— Balance, debit,
Oct. 1, 1896, $361,697.47 ; coupons on 1st mortgage unendorsed bonds redeemed by Baltimore
City at various times from 1874 to 1878 (see general balance sheet), $71,742; expenses, mainly
ground rents and taxes, on W. M. RR. Terminal Co. property for several years prior to Oct.
1, 1893, erroneously charged to W. M. RR. Terminal Co. instead of to income account, now
written off, $29,356.52 ; paid for Blue Ridge Hotel Co., under guarantee, $8,660; uncollectible
bills written off, $27.50; sundry adjustments, $579.73— total, $472,063.22. Contra: Surplus
for year (as above), $64,801.05; accretions to sinking funds for year, $16,446.45; sundry
adjustments, $4,586.87; balance, Sept. 30, 1897, $386,228.85— total, $472,063.22.

General Balance Sheet, Sept. 30, 1897.

Cost of Eoad $4,397,07055

Equipment 1,155,335 93

Hillen Station Property 200,000 00

W. M. RR. Terminal Co. Property 131,163 81

W. M. RR. Terminal Property 13,126 65

W. M. RR. Terminal Property (contra) 34,564 49

Securities Owned (contra) see below 1,282,750 00

Other Securities Owned* 240,600 00

Sinking Funds 302,486 72

Materials on Hand 47,615 06

Cash on Hand 15,47705

ProfltandLoss 386,22885

Common Stock (shares, $50)

Preferred Stock (shares, $50)

Funded Debt Outstanding (see below)

Unfunded Coupons held by Baltimore City
(6p. c.)

Hillen Station Property

W. M. RR. Terminal Co. Property

W. M. RR. Terminal Property, under con-
tract of purchase

Securities Owned (see contra)

Bills Payable

Balance of Current Accounts

Accrued Interest on Bonds, not due

Accrued Leased Line Rental?, not due

$684,95000

324,00000

4,711,53000

71,74200
200,00000
131,163 81

34,56449

1,282,750 00

298,722 23

410,425 50

28,489 08

28,08200

Total Assets $8,206,419 11 Total Liabilities $8,206,419 11

* Consisting of B. & H. Ry. preferred stock stock, $100; B. & H. Ry. West Extension stock, $240,000; W.
M. Tidewater RR. stock, $500— total, $240,600.

NOTE.— Interest assumed by Baltimore City, not included in above balance sheet.

" Securities Owned " in above balance sheet consists of 13,181 shares Baltimqrc and Harrisburg Ry.
common stock, $659,050; 850 shares Baltimore and Cumb. Vy. Ry. stock, $42,500; 1,534 shares Balto. & Cumb.
Vy. RR. stock, $76,700; 10,000 shares Potomac Valley RR. stock, $500,000; 100 shares West. Maryland Tide-
water RR. stock, $4,500— total, $1,282,750.

Statement of funded debt on Sept. 30, 1897 :

DESCRIPTION OP BONDS.

of
Inter-
est.

Denominations
of Bonds.

Coupon
or
Registered.

Amount
Author-
ized.

Amount
Out-
standing.

Issue.

Maturity.

p. c.

$

$

1st Mtg.(end.by Bait. C'y)
2d Mtge. Preferred Bonds
3dMtg. (end. by Bait. C'y)
4th Mtg. (Balt.City Stock)

Jan. 1, 1860
Jan. 1, 1868
Jan. I, 1870
Jan. 1, 18T2

Jan. 1, 1890
Jan. 1, 1895
Jan. 1, 1900
Jan. 1, 1902

6
6
6
6

$100, $500, & $1,000
$500 and $1,000
$500 and $1,000
No bonds issued.

Coupon.
Coupon.
Coupon <fe Reg.
No bonds issued

600,000
600,000
1,400,000
1,000.000

48,500
178,500
875,000

1,000.000

5th Mtg. (Balt.City Stock)

Jan. 1, 1887iJan. 1, 1927

31

41 11

it 11

1,800,000

1,704,000

City of Baltimore Loan. .

July 1, 1882

July 1, 1925

4

11 11

ii ii

684,000

684,000

Funding Certificates

Jan. 1, 1880

July 1, 1890

6

" ''

II II s

546.906

226,530

Total

4,711,530

•

Interest on the above several issues of bonds is payable Jan. and July, at Hillen Station, Baltimore, Md.
The 4th mtge. bonds were exchanged for Baltimore City stock. The sinking funds of this company in the
hands of Baltimore Commissioners of Finance are as follows: Hillen Station sinking fund, $66,282.07; W. M.
RR. Terminal sinking fund, $24,661.72; 5th mtge. sinking fund, $140,996.12; W. M. RR., 1925 loan, $70,546.81
—total, $302,486.72.

54

POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Statement of operations and financial condition for eight years ending Sept. 30, 1897 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad Operated.
Train Mileage. ..

205.10
1,056,727

205.10
1,129,886

205.10
1,393,358

219.45
1 511,836

237.70
1,514 429

237.70
1 673 80*

238.40
1,718,697

238.69
1,667,552

Passengers Carried

1,071,148

1,208,882

1,298,063

1,146,516

1,094,761

1,088 181

1,164,421

1,132,722

Passenger Miles

21,068,802

23,660,600

24,739,592

22,983,348

22,529,747

22,266,563

22,510,383

21,986,020

Freight (tons) Moved ... .

462,877

585,017

998,938

1,382988

1,352,334

1 626 721

1,660,884

1,915,239

Freight (ton) Miles

14,676,738

19,938,927

40,544,033

62,263,242

68,747,137

79, 138,1 &,

81,324,454

93,907,509

Passenger Earnings. ...

$
340,032

$

378890

$
403,713

$
400,518

8

358,747

$
337,042

334,834

329,536

Freight and Exp. Earnings .
Miscellaneous

381,109
90,914

435,805
89,683

593,412
86,196

821.577
100,225

7*3,004
111,423

831,499
109,322

f32,131
98,725

811,074
110,629

Gross Earnings

812,055

904,378

1,083,321

1,322,320

1,203,174

1,277,863

1,265,690

1,251.239

Operat'g Expenses & Taxes

534,184

571,169

691,028

802,703

812,440

838,828

866,639

840,220

Net Earnings

277,871

333,209

392,293

519,617

390 734

439,035

399,051

411,019

Other Receipts

32,952

Total Income

443,971

Payments : Betterments
Interest

65,684

81,770

86,236

46,837
175,627

15,168
257,216

14,195
183,605

14,427
198,559

7,604

202,660

Rentals

204,334

78744

98,658

103,679

104,741

Dividends

2,281

1,445

1,356

1,520

35,941

Other

12,364

7.000

7,525

Balance, Surplus

212487

251,439

306057

78 174

38,161

141,221

73,866

85,500

Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile..

3,959.31
2,604.51
1 354,80

4,409.45
2,784.83
1 624 62

5,281.92
3,369.23
1 912 69

6,025.61
3,657.79
2 367 82

5,076.69
3,428.01
1 648 68

5,375.94
3,528.93
1,847.01

5,309.10
3,635.23
1,673.87

5,242.10
3,520.13
1,721.97

Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .

Miles of Railroad Owned. . .
Miles of Track Owned

65.78 p. C.
1.61 C.
2.47 c.

90.00

63. 16 p. c.
1.60 c.
2.08 c.

90.00
114.94

as. 79 p. c.

1.63 c.
1.55C.

90.00
117 33

60. 70 p. c.
1.74 c.
1.32c.

90.00
116.51

67.52 p. c.
1.59c.
1.04c.

92.40
118.91

64. 20 p. c.
1.51 C.
1.03 c.

92.40
118.91

68. 48 p. c.
1.49c.
0.982 c.

92.40
121.11

67. 15 p. c.
1.50 c.
0.842 c.

92.69
122.59

Miles of Steel Rail Owned. .

90.00

90 00

90.00

92.40

92.40

92.40

92 69

Locomotives

24

37

37

48

48

51

51

51

Passenger Cars

55

63

63

60

62

62

62

62

Baggage, Mail, etc.. Cars. ..
Freight and Other Cars

Common Stock.

14
550

684700

16
750

684,700

16
760

684 750

23

800

684 750

17
876

684750

18

857

684,750

18
837

684,950

17

868

684,950

Prelerred Stock

324,000

324,000

324,000

324,000

324,000

Funded Debt...

4 581 000

4,581,000

4 §07 530

4 711 530

4 711 530

4,711,530

4,711,530

4,711,530

Unfd'd Cp. held by Bal. C'y.

71,742

Securities— see Contra.

1,028,400

1,028,466

1,028,400

1,282,750

1,282,750

Bills Payable

506660

368,656

318 658

287271

452,590

349,887

301,904

298,722

Bait. & Har. Ry. (West. Ex )

15,656

32,657

10*481

Hillen St. and Term. Prop.

331,164

331,164

331,164

365,728

365,728

Loan

5,000

Current Accounts

65,134

379,087

410,425

Accrued Int. and Rentals. . .

54,621

54,731

56,021

56,571

Profit and Loss

682,360

830,776

453 355

Total Liabilities

6,475,376

6,497 789

6 274 774

7 367 115

7,587,055

7,549,596

8,105,970

8,206,419

Cost of Road & Equipment
Hillen St. and Term. Prop.

5,056,051

6,030,814

6,039,071

5,277,403
337,290

5,350,770
337,290

5,434,154
337,290

5,498,846
378,855

5,552,406
378,855

Sinking Fund

100 000

100000

100000

239 690

254,244

268,312

286,040

302,487

New Tracks

57,126

57,126

57 126

Securities Owned

1,028,400

1,028,400

1,028,400

1,523,350

1,523,350

Funded Coup. Certificates

226,530

223 530

Materials and Fuel

10,637

12,788

18538

45,148

48,788

49,832

50,588

47,615

Current Accounts .

25 041

26 256

16 675

U8 428

88,092

Cash

99,991

44275

43 364

5,844

21,483

33,197

6,594

15,477

Profit and Loss

364,916

457,988

398.411

361,697

386,229

Total Assets

6 475,376

C 497 789

6,274,774

7,367,115

7,587,055

7,549,596

8,105,970

8,206,419

RAILROADS LEASED BY THE WESTERN MARYLAND RR. Co.

Baltimore and Cumberland Valley Ry.

—From Edgemont, Md., to State Line, Pa., 3.03 m.;
total track (steel, 3.03 m.), 3.53 miles. Rail, 56 Ibs.
Incorp. Sept. 5, 1878; opened July 5, 1880. Leased
to W. M. RR. Co.. for 50 years "from July 1, 1879,
with privilege of renewal or purchase; rental, inter-
est on bonds. Capital Ptock (shares, $50) $42.500;
funded debt (1st mtge. 6 p. c. 50-yr. $500 coup, bonds,
due July 1, 1929. interest Jan. and July, at the com-
pany's office), $48,500— total, representing cost of
road, $91,000. Trustee of bonds: C. Morton Stewart,
Baltimore, Md. J. M. Hood, Pres.; J. T. M. Barnes,

See. & Treas., Baltimore, Md. Corporate Office, nil-
len Sta., Baltimore, Md.
Baltimore and Cumberland Valley It II.

—State Line, Md., to Waynesboro', Pa., 4.55 m.;
total track (steel, 4.55 m.), 7.42 m'les. Kail. 56 Ibs.
Incorp. Aug. 19, 1878; road opened July 5, 1880.
Continuation in Pennsylvania of B. & C. Vy. Ry.,
and leased to W. M. RR. Co. for Interest on bonds,
the term and conditions of the lease being the same
as for the Md. road. Capital stock (shares, $50).
$76,700; funded debt (1st mtge. 6 p. c. 50-yr. $100
and $500 bonds, due July 1, 1929, Interest Jan. and

POORS MANUAL OF RAILROADS.

55

July, at Hillen Station, Baltimore, M<1.). $72,800—
total, representing cost of road, $149,500. Trustee of
bonds: Andrew Reed, Baltimore, Md. I. N. Snively,
Pres.; Daniel Hoover, Treas.; J. J. Miller, Sec.,
Wnynesboro', Pa.

Baltimore and Cumberland Valley RR.
Kxtensioii. — Waynesboro', to Shippensburg, Pa.,
26.52 m.; total track (steel. 26.52 m.). 30.19 miles.
Rail, 56 Ibs. Incorp. June 25, 1880; opened through-
out, Oct. 24, 1881. (See Manual for 1893.) Leased
to W. M. RR. Co. for 50 years, from July 1, 1881,
with privilege of renewal; rental, $32,700 yearly,
being 7 p. c. on stock, and interest on bonds, both
payable Jan. and July, at Hillen Sta., Bait., Md.
Capital stock (shares, $50), $270.000; funded debt (1st
mtge. 6 p. c. 50-yr. $1,000 coup, bonds, due July 1,
1931, interest Jan. and July, at Hillen Station, Bal-
timore, Md.), $230,000— total, representing cost of
road ($18,853.70 p. m.), $500,000. Trustee of bonds:
David Wills (deceased). A. W. Eichelberger, Pres.,
Hanover, Pa.; D. J. Foley, Treas., Baltimore, Md.;
T. M. Mahon, Sec., Chambersburg, Pa. Corporate
Office, Chambersburg, Pa.

Baltimore and Harrisbnrg' Ry.— Emory
Grove, Md., to Orrtanna, Pa., 58.7 m.; Valley Junc-
tion to Hanover Junction, Pa., 6 m.; Intersection to
State Line, 1.3 m.— total, 66 miles. Operated: Bal-
timore and Harrisburg Ry., West Extension (see be-
low), 15 m.; Baltimore and Harrisburg Ry., East.
Extension (see below), 16.6 m.— total operated, 97.6
miles. Sidings, 16.36 miles. Rail (steel, 86.80 m.),
56 and 60 Ibs. Chartered Sept. 20, 1886. Consolida-
tion, Oct. 25, 1886, of the Han. Junct., Han. &
Gettysburg, Bachman Valley, and Baltimore and
Harrisburg RR. Cos. (See Manual for 1888.) Leased
for 50 years, from Oct. 25, 1886, to the W. M. RR.
Co. ; rental, guarantee of fixed charges. Locomotives,
3. Cars— passenger, 6; baggage, etc., 2; freight (box,
40; gondola, 22; stock, 9), 71; caboose, 4; service, 5;
Itaissell snow-plow, 1 — total, 90. Profit and Loss Ac?
count, yea rending1 Sept. 30, 1897. — Surplus for year (as
per statement on page 53), $20,699; adjustments, $70;
balance forward, Oct. 1, 1896, $132.265— total, $153.034.
Contra: Adjustments, $8; balance, Sept. 30, 1897,
$153,026— total, .$153.034. Financial Statement, Sept.
30. 1897.— Capital stock (common, $690.900; preferred,
$29,100), $720,000; funded debt, $690,000: sundry
bonds, etc., owned (see contra), $58,314; accrued In-
terest on bonds (not due), $13,425; profit and loss,
$153,026— total, $1,634,765. Contra: Cost of property,
$1.417,347; B. & H. 1st mtge. bonds on hand, $12,000;
bonds, etc., owned, $58,314; balance of accounts,
$122,271; materials, $8,847; cash. $15.986— total,
$1,634,765. Funded det>t consisted, Sept. 30, 1897, of
—1st mtge. Bait. & Han. RR. 6 p. c. 20-yr. $500 ana
$1,000 bds., due Jan. 1, 1899, int. Jan. and July
(auth., $120,000), $120,000; 1st mtge. Bait. & Harris-
b'g RR. 5p.c. 50-yr. $1,000 bds., due Nov. 1,1936. int.
May and Nov. (auth., $690,000), $570,000. The $42,-
000 H. J., H. & G. 6s, which matured Jan. 1, 1895,
were retired by issue of a like amount of B. & H.
KR. 5s of 1936. Interest on bonds payable at Balti-

more, Md. Trustee of bonds: Mercantile Trust and
Deposit Co., Baltimore, Md. A. W. Eichelberger.
Pres.; R. M. Wirt, Sec., Hanover, Pa.; J. T. M.
Barnes, Treas., Baltimore, Md. Corporate Office,
Hanover, Pa.

BALTIMORE AND HARRISBDRG RY. EAST.
EXT.— Porters' to York, Pa., 16.6 m.— total track.
19.32 miles. Rail (steel), 60 Ibs. Incorp. Nov. 29,
1890; road opened, Sept. 12, 1893. Leased to W.
M. RR. Co., and B. & H.' Ry. Co., jointly and
severally, for 50 years from Jan. 14, 1891, with
privilege of renewal; rental, interest on $522,000 5
p. c. bonds, payable Jan. and July (see bond state-
ment of the Potomac Valley RR. Co.). Operated by
the B. & H. Ry. Co. Capital stock. $175,000. W. H.
Lanius, Pres.; John C. Schmidt, Sec., York, Pa.; J.
T. M. Barnes, Treas., Baltimore, Md. Corporate
Office, York, Pa.

BALTIMORE AND HARRISBURG RY. WEST.
EXT.— Orrtanna to Highfield, Pa., 15 m.— total track,
16.75 miles. Rail (steel, 15 m.), 60 Ibs. Incorp.
April 30, 1888; road opened June 4, 1889. Leased to
B. & H. Ry. Co. as lessor, and to W. M. RR. Co. as
lessee of the B. & H. Ry., for 50 years from June
1, 1889; rental, interest on bonds. Financial State-
ment, Sept. 30, 1897.— Capital, stock, $240,000; funded
debt (1st mtge. 5 p. c. 50-yr. $1,000 bonds, due May
1, 1938, interest May and Nov., at Hillen Station.
Baltimore, Md.), $240,000— total, $480,000. Contra:
Cost of road, $264,269; other assets, $215,731— total.
$484,000. Trustee of bonds: Mercantile Trust and
Deposit Co., Baltimore, Md. A. W. Eichelberger,
Pres., Hanover, Pa.; J. T. M'. Barnes, Treas., Balti-
more, Md.; W. P. Quimby, Sec., Gettysburg, Pa.
Corporate Office, Gettysburg, Pa.

Potomac Valley RR.— Potomac Valley Junct.,
Md., to Cherry Run, W. Va., 14.30 m.— total track,
17.55 miles. Rail (steel), 60 Ibs. Chartered Jan. 16,
1890; road opened Sept. 12, 1892. Leased to the
Western Md. RR. Co., for 50 years from Jan. !•»,
1891; rental Interest OB bonds, described below. Cap-
ital stock, $500,000. .Funded debt— $1,047,000 1st
mtge, 5 p. c. 50-yr. $1,000 gold bonds, due Jan. 1,
1941, interest Jan. and July, covering the Potomac
Valley RR., 14.30 m. (as above), and the Baltimore
and Harrisburg Ry. East Ext. 16.6 m.— total, 30.90
miles. ; principal and interest guaranteed, jointly
and severally, by the W. M.' RR. and the B. & H.
Ry. Cos. The bonds are in coupon form, with
privilege of registration. The total authorized is-
sue of these bonds is $2,000,000 to cover four inde-
pendent lines, viz.: (1) P. Vy. RR., 14.30 m. (as
above) In operation, on which $525,000 bonds are
outstanding; (2) B. & H. East. Ext. 16.6 m. (as
above) in operation, on which $522,000 are outstand-
ing; (3) York, Pa., to Chickies, connecting with the
main line of the P. & R, Ry., yet to be built, and
(4) Thomasville to Bowmansdale, Pa., connecting
with the P. & R. Ry. at Harrisburg, Pa., yet to be
built. Trustee of bonds. Mercantile Trust and De-
posit Co., Baltimore, Md. J. M. Hood, Pres.; J. T.
M. Barnes,, Sec. & Treas., Baltimore, Md.

Board of Directors, Western Maryland RE. Co., elected Oct. 20, 1897.

H. Crawford Black.. Baltimore, Md.
John W. Cable. .Washing'n Co., Md.

Christian Devries Baltimore, Md.

E. G. Hipsley...

Granville S. Haines. Carroll Co., Md.

L. L. Jackson Baltimore, Md.

Wm.Updegraff.Washinsr'nCo., Md.

Wm. S. Rayner Baltimore, Md.

Chas. W. Single "

Sam'ID. Schmucker. " "
Thos. J.Shryock.... " "

John C. Legg Baltimore, Md.

Levi Weinberger Baltimore, Md.

JOHN M. HOOD, President and General Manager Baltimore, Md.

Sec. & Trtas.—S. T. M. Barnes Baltimore, Md. | Gen. Auditor— Robert Casson Baltimore, Md.

PRINCIPAL OFFICE AND ADDRESS .Hillen Station, Baltimore, Md.

WESTERN NEW YORK AND PENNSYLVANIA RAILWAY COMPANY.

Main Lines of Road Owned:

'Buffalo, N. Y., to Emporium, Pa. 120.55 m.
Buffalo, N. Y., to Oil City, Pa.. .136 43 m.
Stoneboro', Pa., to New Castle, Pa. 36.00m.

,01ean, N. Y., to Oil City, Pa 109.90 m.— 402.88 miles.

Branch Lines Owned 17.40

Lines of Proprietary Companies 186.58

Lines used under Trackage Contracts 36.30 "

Total length of lines owned, leased, and operated, June 30, 1897 643.16 miles.

2d track, 8.12 m. ; sidings, 206.30 miles. Gauges, 4 ft. 8£ in. and 3 ft. Rail (steel, 785.58 m.),
56, 60, 67, and 80 Ibs.

ofi

POORS MANUAL OP1 RAILROADS — MIDDLE ATLANTIC GROUP.

The following statement shows the mileage of the several divisions :

OPERATING DIVISIONS.

LENGTH or RAILROAD.

Total
Track
Owned.

Steel
Rails in
Main
Track.

Total.

N. Y.

Penn.

Buffalo Division:

Union Terminal RB.: Buffalo to Bailey Avenue, N. Y
Western N. T. & Pa. Ry.: Bailey Avenue, N. Y., to Emporium, Pa.
McKean & Buffalo RR. • Larabee, Pa., to Clermont, Pa

M.
2.31
118.24
22.15

M.

2.31
76.34

M.

"ii.96'

22.15

50.60
8.50
8.90
21.60
6.30
50.20
30.00
36.00

M.
V227.46

]

384.86

•200.84

J

M.

150.82

136.43
5.03
8.90

Pittsburgh Division :

Western N. T. d* Pa. Ry. • Buffalo, N. Y., to Oil City, Pa

136.43
8.50

85.&1

* Union City Branch • Tryonville, Pa., to Lakeville, Pa

Pioneer Branch • Titusville, Pa , to Pioneer, Pa

8.90

Western N. Y. & Pa. Ry. • Olean, N. Y., to Warren, Pa

59.70
6.30
50.20

38.10

Philadelphia & Erie RH.: Warren, Pa., to Irvineton, Pa.(trackage)
Western N. Y. <k Pa Ry • Irvineton Pa., to Oil City, Pa

-145.90

^101.00

j- 30.75
3.68

Jamestown & Franklin RR. • Oil City to Stoneboro', Pa

30.00

Western N. Y. & Pa Ry.' Stoneboro', Pa., to New Castle, Pa....

36.00

Rochester Division : t
Genesee Valley Canal RR.: Rochester, N. Y., to Hinsdale, N. Y..
Genesee Valley Terminal RR • Chili, N. Y., to Gates, N. Y

98.54
2.46
1:5.53
10.11
14.75

98.54
2.46
12.53

Olean, Bradfwd & Warren RR.: Olean, N. Y., to Penn. State Line
Olean, Bradford & Warren Ry.: Penn. State Line to Bradford, Pa.
Bradford Ry.: Bradford, Pa , to Intersection Kinzua Ry

10.11
14.75
14.04

Kinzua Ry.: Intersection Bradford Ry. to Kinzua, Pa

14.04

Rochester, N. Y., & Pa. RR.: Nunda June., N. Y., to Swain's, N. Y.
Total

12.00

12.00

643.16

328.11

315. 05

813.16

582.51

* Operation of iine from Lakeville to Union City, 7.8 m., temporarily discontinued.

t Operation of line from Eldred to Tarport (Kendall and Eldred RR.), temporarily discontinued.

The tracks of the Jamestown and Franklin RR. are operated under a contract fo.r joint user, made with
the L. S. & M. S. RR. Co., May 31, 1892, this company paying a monthly rental of $2,200 and a proportionate
share of maintenance, etc. This rental for the year ending June 30, 1897, amounting to $26,400, is included
in operating expenses.

History. — Consolidation, March 18, 1895, of the Northwestern Pennsylvania and the
Western New York Ry. Cos., successors to the W. N. I . & P. RR. Co. (See MANUAL for 1897,
page 49.)

Rolling Stock, June 30, 1897. — Locomotives (narrow gauge, 5), 146. Cars as follows :

Passenger Cars (120).

Narrow
Gauge.

Standard
Gauge.

Freight Cars (8,168).

Narrow
Gauge.

Standard
Gauge.

Other Cars (47).

Narrow
Gauge.

Standard
Gauge.

1st Class Passenger . . .

4

56

Caboose . ....

1

64

Official

3

2d Class Passenger

4

14

Box

24

1,401

Wrecking and Tool ....

15

Passenger and Baggage.

8

Flat...

29

330

Snow-ploughs

1

3

Baggage and Mail. ....

6

24

Rack

5

Pile Driver

2

Shop Workmen's

4

Gondola

13

6,145

Fl anger & Steam Shovel

6

Tanks

12

Water, Cinder, & Shop

9

3

67

7,957

Grading

2

Iron Gondolas (leased).

144

Boarding and Tool, ..

3

Total

14

106

Total

811

7,957

Total

1

46

Operations, yfcar ending June 30, 1897. — See tabulated statement on page 57.

Expense's— Conducting Transportation $1,029,156 06

Maintenance of Equipment 417,889 80

Maintenance Way and Bldgs. . . 487,750 04
General 108,150 OC

Earnings— Passenger $667,416 09

Freight 2,128,831 98

Mail and Express 110,085 96

Miscellaneous ; 48,440 04

Total ($4,594.15 per mile) $2,954,774 07 Total ($3,176.42 per mile) $2,042,945 96

Net earnings (30.86 p. c.), $911,828.11 ; other receipts, $54,611.08— total, $966,439.19.
Payments : Interest on bonds (1st mtge. W. N. Y. & P. RR., $499,500 ; gen. mtge., W. N. Y.
& P. Ry., $225,000), $724,500 ; on real estate mtge., $15,561.11 ; on equipment notes, $10,-
051.90 ; taxes, $90,076.23— total, $840,189.24. Net income, $126,249.95.

Profit and Loss Account, year ending June 30, 1897. — Balance, June 30, 1896, $1,-
929,028.19 ; net income for year (as above), $126,249.95; balance of rebate allowed by the
State of New York on taxes illegally paid during the years 1881, 1882, 1883, and 1884,

POOR'S MANUAL — WESTERN NEW YORK AND PENNSYLVANIA RY. CO. 57

$1,912.67 ; sundry uncalled forpay-roll items charged off, $386.99 ; sundry items due individu-
als and companies charged off (net), $215.98 — total, $2,057,793.78. Contra : Balance arising
from adjustment of claims due by sundry coal companies, $32,927.60 ; legal expenses in
securing rebate of taxes illegally paid State of New York during 1881, 1882, 1883, and 1884,
$1,245.37 ; paid Commonwealth of Penn. for tax on 1st mtge. bonds owned in Pennsylvania,
$556.54; balance, June 30, 1897, $2,023,064.27— total, $2,057,793.78.

Statement of operations, earnings, etc., for seven fiscal years ending June 30 :

1891

1892

1893

1894

1895

1896

1897

Miles RR. Operated....
Rev. Pass. Train Miles. .
Rev. Freight Tr. Miles..
Total Engine Miles
Passengers Carried
Passenger Miles

639.31
1,193,140
2,081,586
4,191,532

1,522,867
31,406,571

639.31
1,280,799
2,050,528
4,187,533
1,689,546
33,518,458

669.31
1.322,403
2,242,241
4,585,093
1,711,379
35,475,480

643.53
1,207,944
1,763,449
8,756,279
1,459.668
31,449,065

643.53
1,199,039
1,762,014
4,130,579
1,392,054
30,846,061

643.53
1,147,278
1,624,073
3,933,770
1,504,631
33,527,794

643.16
1,125,921
1,377,953
3,527,522
1,371,426
31,798,10:)

Freight (tons) Moved. . .
Freight (ton) Miles

Passenger Earnings
Freight Burnings
Miscellaneous

4,362,492
445,981,766
8
752,978
2,677,695
131,995

4,433,947
443,332,206
8
775,980
2,669,901
134,275

4,607,475
507,545,024
$ '
772,166
2,798,916
145,556

3,481,237
381,951,169
$
691,802
2,162,694
157,406

4,287,832
500,674,137
8
673,945
2,454,953
153,112

4,124,395
463,700,601

8

706,545
2,328,863
150,623

3,618,853
415,705,224

9

667,416
2,128,832
158,526

Gross Trans. Earnings. .
Gross Exp. and Taxes..

3,562,668
2,572,634

3,580,156
2,485,133

3,716,638
2,619,974

3,011,902
2,314,091

3,282,010
2,382,494

3,186,031
2,329,841

2,954,77'4
2,133,022

Net Earnings

990,034

1,095,023

1,096 664

697,811

899 516

» 856,690

821 752

Other Receipts

4,074

1,006

711

29,600

56,638

54.611

Available Revenue

994,108

1,095,023

1,097,670

698,522

929,116

913,328

876,363

Lease Rentals

26,400

26,400

Interest.

545,923

565,967

550,001

556,470

596256

592,759

750 113

448 185

529 056

521 269

115652

332860

3''0 569

126 250

Gross Earnings p. Mile.
Gross Expenses p. Mile.
Net Earnings per Mile. .
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile.
Av. Rate p. Ton p. Mile.

5.572 68
4,024 08
1,54860
72.21 p. c.
2.767 C.
0.604C.

5,60003
3,88721
1,712 82
69.41 p. c.
2.676C.
0.602C.

5,55294
3,7(50 78
1,79216
67. 72 p. c.
2.177c.
0.551 c.

4,68028
3,44095
1,23933
73. 52 p. c.
2.200 c.
0.566C.

5,100 01
3,562 90
1,53711
72. 59 p. c.
2.185C.
0.490C.

4,953 70
3,621 71
1,331 99
73.11 p. c.
2.107 c.
0.502 c.

4,594 15
3,316 47
1,27768
72.19 p. c.
2.099 c.
0.512 c.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $51,423,993 55

Land Ownud in Michigan 5,969 17

Stocks and Bonds Owned (see below) 686,261 04

Materials on Hand 155,78021

Due by Agents and Others 670,304 94

Unaccrued Interest Included in Equip-

ment Notes
Cash on Hand.,

26,452 20
225,88956

Total Assets $53,194,650 67

Capital Stock (shares, $50) $20,000,000 00

Funded Debt 29,990,000 00

New Equip. Notes, Including Interest .... 133,985 88

Mortgages on Real Estate 289,798 85

Interest on Bonds 337,12750

Wages and Supplies 363,546 67

Kinzua Valley RR. Co. Freight Warrants. 57,000 00

Old Coupon Account 127 50

Profit and Loss Account 2,023.064 27

Total Liabilities $53,194,650 67

The new equipment notes are payable monthly, and mature $66,931.81 in 1897, and $67,054.07 in 1898; the
total outstanding as per balance sheet being $133,985.88, principal and interest.

Of the capital stock there are $5,000,000 stock trust certificates issued by the Union Trust Co. of New
York, against $5,000,000 of the capital stock of the company issued in the names of £eorge E. Bartol, Nich-
olas Thouron, and Samuel G. De Coursey, active trustees, and by them deposited with the Union Trust Co. of
New York, under an agreement dated April 11, 1895.

Funded debt ($29,990,000) consisted, June 30, 1897, of the following :
1st mtge. W. N. Y. & P. RR. 5 p. c. 50-yr. $1,000 gold bonds, due Jan. 1, 1937, int. Jan. & July... $9,990,000

Gen. mtge. 50-yr. $1,000 gold bonds, due April 1, 1943, interest April and Oct 10,000,000

Income, mtge. 50-yr. $1,000 gold bonds, due April 1, 1943, interest Nov. 1st, if earned 10,000,000

The 1«* mtge. bonds were issued under the terms of the reorganization plan as shown in the MANUAL for
1887, page 124. The authorized issue is $10,000,000. The bonds are a first lien on the railroad and franchises,
and a second on the old equipment, and on the Buffalo Terminal property. They are in coupon form, with
privilege of registration. Trustee: Mercantile Trust Co., New York, N. Y.

The gen. mtge. bonds are in coupon form, with privilege of registration, and are free from all taxes;
interest payable from April 1, 1893, at the rate of 2 p. c. per annum for the first four years, _3 p._ c. per
annum for the next four years, and 4 p. c. per annum thereafter. Under the plan of reconstruction, interest
up to and including April 1, 1896, was provided for by a fund subscribed for that purpose, so that interest
on these bonds did not become a charge on earnings until after the date mentioneq. Bonds may be regis-
tered and transferred at the company's office in Philadelphia. Trustee: Union Trust Co., New York, N. Y.

The income mtge. bonds are in coupon form, with privilege of registration, and are free from taxes; in-
terest payable, if earned, on the 1st of Nov. in each year, for the year ending the 30th of June next preced-
ing, at the company's agency in Philadelphia, and is not to exceed 5 p. c. per annum, non-cumulative.
The first coupon matured Nov. 1, 1896. The bonds may be registered and transferred at the company's office
in Philadelphia. Trustee: The Fidelity Insurance, Trust, and Safe Deposit Co., Philadelphia.

The item " Stock and Bonds Owned " as per balance sheet consists of the following: Capital stock of

58

POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

the W. N. V. & P. Ry. Co.; certificate No. 2,759, for 544.88 shares trust stock, $27,244; gen. mtge. bonds,
W. N. Y. & P. Ry. Co. (Nos. 9,843 to 10,000 inclusive), $158,000; gen. mtge. bond scrip W. N. Y. & P. Ry.
Co., scrip No. 444, $766.22; income mtge. bonds, W. N. Y. & P. Ry. Co. (Nos. 9,498, 9,499, and 9,608 to 10,000
inclusive), $395,000; income mtge. bond scrip, W. N. Y. & P. Ry. scrip No. 1,922, $19.20; capital stock, Kin-
zua Valley RR. Co., $105,000; capital stock, Central Manufacturing Co. of Buffalo, $231.62— total, $686,261.04.

RAILROADS OWNED AND LEASED BY WESTERN NEW YORK AND PENNSYLVANIA RY. Co.

Bradford Ry.— Bradford, Pa., to Intersection
Kinzua RR., 14.75 miles. Rail, 40 Ibs. Gauge, 3 ft.
Opened in July, 1881. Leased to the W. N. Y. & P.
Ry. Co., which owns the entire capital stock— $100,-
000.

Genesee Valley Canal RR.— Hinsdale to
Rochester, N. Y., 98.54 miles. Incorp. July 15, 1880;
completed in 1882. Leased to the W. N. Y. & P.
Ry. Co., which owns entire capital stock— $1,140,000.

Genesee Valley Terminal RR.— Chili to
Gates, N. Y., 2.46 miles. Rail (steel), 56 Ibs. In-
corp. Aug. 14. 1882. Leased to W. N. Y. & P.
Ry. Co. Capital stock, $500,000; 1st mtge. bonds,
$500,000.

Kinzna. Ry. — Intersection Bradford Ry. to Kin-
zua, 14.04 miles. Rail, 40 Ibs. Gauge, 3 ft. Leased
to the W. N. Y. & P. Ry. Co., which owns the
entire capital stock— $100,000.

MeKean and Buffalo RR.— Larabee to Cler-
mont, Pa., 22.15 miles. Leased to the W. N. Y. &
P. Ry. Co., which owns its entire capital stock —
$400,000, in $50 shares.

Olean, Bradford and Warren RR.— Olean,
N. Y., to Pa. ftate Line, 12.53 miles. Rail, 35 and
40 Ins. Gauge, 3 ft. Incorp. Oct. 17. 1877; opened
in 1878. Leased to W. N. Y. & P. Ry. Co., which
owns its entire capital stock. Capital stock, $150,000.

Olean, Bradford and Warren Ry.— State
Line to Bradford, Pa., 10.11 miles. Rail, 40 Ibs.
Gauge, 3 ft. Road opened in 1878. Leased to the
W. N. Y. & P. Ry. Co., which owns its entire capital
stock. Capital stock, $150,000.

Rochester, New York and Pennsyl-
vania RR.— Nunda June, to Swains, N. Y., 12
miles. Incorp. June 11, 1881. Leased to the W. N.
Y. & P. Ry. Co. Capital stock, all owned by the W.
N. Y. & P. Ry. Co., $1,500,000.

Union Terminal RR.— Buffalo to Bailey Ave.,
2.31 m. ; total track (steel, 3.67 m.; 67 Ibs.), 3.78
miles. Chartered June 12, 188.4, and acquired the ter-
minal property of the B., N. Y. & P. RR. Co., in the
city of Buffalo, issuing $1,000,000 bonds in payment
therefor. Leased and operated by the \V. N. Y. & P.
Ry. Co. Financial Statement, June 30, 1897.— Capital
stock (authorized. $1,000,000; shares, $100), $302.500;
funded debt, 1st mtge. 6 p. c. 30-yr. bonds, due June
12, 1914, interest June and Dec. (auth., $2,000.000),
$1.000,000— total, representing cost of property, $1,-
302,500. The stock and bonds are deposited in trust
as security for the gen. mtge. bonds of the W. N. Y.
& P. Ry. Co. S. G. De Coursey, Pres., Philadelphia,
Pa.; F. S. Buell, Sec. & Treas. ; John F. Reynolds,
Aud., Buffalo, N. Y. General Office, Buffalo, N. Y.

Board of Directors, W. N. Y. & P. Ry. Co., elected Jan. 10, 1898.

Saml.G.DeCoursey,Philadelphia,Pa.
Nicholas Thouron..
George E. Bartol. . .
Charles M. Lea.. ..

J. Rundle Smith. . ..Philadelphia,Pa.

Wm. C. Bullitt

E. W. Clark, Jr....

E.L.Owen New York, N. Y.

Pascal P. Pratt Buffalo, N. Y.

Isaac N. Seligman.New York, N. Y.

Rudolph Flinsch... "

Chas. A. Brinley ..Philadelphia, Pa.

Frank G. Rogers Philadelphia, Pa.

SAMUEL G. DE COURSEY, President Philadelphia, Pa.

Chairman Exec. Com. — N. Thouron... Philadelphia, Pa. Secretary— Joseph R. Trimble... . Philadelphia, Pa.
Treasurer— Franklin S. Buell Buffalo, N. Y. Auditor— 3. F. Reynolds Buffalo, N. Y.

PHILADELPHIA OFFICE . .104 S. Fifth St. | BUFFALO OFFiCE.Mooney&BrisbaneBldg.

WILMINGTON AND NORTHERN RAILROAD COMPANY.

Main Line of Road. — Wilmington, Del., to High's Junction, Pa 71.50 miles.

( Wharf Branch, 0.6; Wench Creek, 5.9 ; Rockland Mill, 1 ; Delaware
Branches: \River, 3.7; Christiana Avenue, 1.87 ; South Walnut Street, 1. 07 ;

(Kentmere, 2.77 16.91

m t j Schuylkttl and Lehigh RR.: High's Junction to Reading 2.42

Kage: ^ Wegf Reading RR & Lej)anon yy. RR. (P. & R. R. branches). 1.47— 3.89 "

Total length of road operated June 30, 1897 (owned, 88.41 m.) 92.30 miles.

Sidings, etc., 28.35 miles. Gauge, 4 ft. 8| in. Rail (steel, 93.60 m.), 50, 55, 56, and 70 Ibs.

History. — Organized Jan. 18, 1877, as successor to the Wilmington and Reading RR. Co.,
whose property was sold under foreclosure, Dec. 4, 1876. (See MANUAL for 1891, p. 584.)

Rolling Stock, June 30, 1897. — Locomotives, 29. Cars— passenger, 24; baggage, etc.,
14 ; freight (box, 67 ; flat, 335 ; stock, 3 ; caboose, 7), 412 ; other cars, 8 — total, 458. Also 3
tugboats, 5 car floats and 3 lighters.

.Operations, year ending June 30, 1897. — Train mileage — passenger, 233,106 ; freight,
202,709 ; other, 258,320 — total, 694,135 miles. Passengers carried, 348,503 ; carried one mile,
3,892,191 ; average mile, rate, 1.78 cents. Tons freight moved, 1,00.4,914 ; moved one mile,
S'), 933,069 ; average ton-mile rate. 1.18 cents.

Expenses— Conducl ing Transportation §221,353 46

Maintenance of Equipment 45,28418

Maintenance Way and Bldgs 75,865 57

General 33,316 81

Total ($4,180.06 per mile) $385,820 02

other receipts, $7,327.07— total, $63,405.87.

Earnings— Passenger $09,181 98

Freight 354,25881

Mail and Express 7,624 17

Miscellaneous 10.833 86

Total ($4,787.63 per mile) $441,898 82

Net earnings (12.69 p. c.), $56,078.80;

Payments: Interest on bonds, $39,208.33; on debt, $7,295.73; taxes, $9,366.73— total, $55,-
870.79. Surplus, $7,535.08 ; surplus forward, $716,639,96— total, $724,175.04.

POOR S MANUAL OF RAILROADS.

59

General Balance Slieet, June 30, 1897.

Cost of Koad $1,944,53067 [ Capital Stock (auth., $1,500,000; shares,

Cost of Rolling Stock 535,29897 | $50) $1,278,05000

Real Estate and Buildings 288,690 38 | Funded Debt Outstanding (see below) 750,000 00

39,15000
39,123 72
2,562 23
29,703 06
Current Accounts 152,346 72

Stocks and Bonds Owned
Materials and Fuel on Hand.

Cash on Hand

Bills Receivable.

Total Assets $3,031,405 75

Capital stock, bonded

Bills Payable 70,00000

Current Accounts 116,68071

Car Trust Certificates 70,00000

Bond and Mortgage on Real Estate 22,500 00

Profit and Loss 724,175 04

Total Liabilities $3,031,405 75

Years.

Capital
Stock.

Bonded
Debt.

debt, revenues,

etc., for eight fiscal years ending June 30 :

Cost RR.
& Equip-
ment.

RR.
Oper-
ated.

Gross
Earnings.

Expenses
& Taxes.

Net
Earnings.

Total
Net
Revenue.

Interest
Paid.

Surplus
for
Year.

$

Miles.

S

$

$

$

9

$

2,081,410

92.30

429,912

353,861

76,051

78,598

25.000

53,598

2,137,731

92.80

439,141

378,809

60,332

63,818

25,000

38.818

2,189,477

92.30

446,908

367,152

79.756

83,678

26,250

57,428

2,332,621

92.30

489,039

421,043

67,996

78,885

35,680

43,205

2.352,686

92.30

418,575

357,586

60,989

67,695

40,982

26.713

2,382,220

92.30

455,285

398,088

57,197

64,308

42,504

21,804

2,401,568

92.30

477,394

412,874

64,520

70,999

46.279

24,720

2,479,829

92.30

441,899

395,187

46,712

54,039

46,504

7,535

1890 1,278,050 500,000

1891 1,278,010 500,000

1892 1,278,050 516,000

1893 1 ,278,050 750,000

1894 1,278,050 750,000

1895 1,278,050 750,000

1896 1 ,278,050 750.000

1897 1,278,050 7'50,000

Funded debt ($750,000) consisted, June 30, 1897, of the following :

1st mtge. 5 p. c. 40-yr. $500 registered bonds, dated Dec. 1, 1887, int. June & Dec. (auth., $1,000,000) $354,000
Gen. mtge. 5 p. c. 40-yr. $1,000 gd. reg. bds., due Aug. 1, 1932, int. F., M., A. & N. (auth. $1,000,000). 396,000
The 1st mtge. bonds are redeemable after twenty years, and are secured on all property owned Dec. 1,
1887, except rolling stock. The gen. mtge. is secured on all property, including rolling stock. Of the gen.
mtge. bonds a sufficient amount is reserved to retire the firsts at maturity. Interest payable at the office of
the Treasurer, or by check to the address of holder of registered bonds. Trustees of bond*: 1st mtge., Edward
G. Bradford, Wilmington, Del.; John S. Gerhard, Philadelphia, Pa., and Wm. D. Smith, Reading, Pa.; gen.
mtge., Pa. Co. for Ins. on Lives and Granting Annuities, Philadelphia, Pa.

Directors (elected May 3, 1897).— H. A. Du Pont, Wilmington, Del.; George Brooke,
Birdsboro', Pa.; A. F. Huston, Coatesville, Pa. ; John S. Gerhard, W. W. Kurtz, Philadel-
phia, Pa. ; L. Heber Smith, Joanna, Pa. ; A. L. Foster, Montchanin, Del.

H. A. Du PONT, President and General Manager Wilmington, Del.

Sec & Trans Agt.—E. B. Shurter.... Wilmington, Del. | Treat. & Supt.—A.. G. McCausland. .Wilmington, Del.
Aud itor— T. B. Townsend Wilmington, Del.

PRINCIPAL OFFICE AND ADDRESS . . .Wilmington, Del.

ADDISON AND PENNSYLVANIA RY.— Addison, N. Y., to Gaines, Pa., 41 m.; leafed: N. Y.
& N. P. RR. (see below), 5 m.— total operated, 46 mttes. Sidings, etc., 3.01 miles. Gauge, 4 ft. 8^ in. Rail
(steel), 60 Ibs. Reorganization, July 9, 1892, of a company of the same name (see MANUAL for 1893, p. 2). The
gauge was widened from 3 ft. to the standard early in 1893. Default was made on interest due June 1, 1895, on
2d mtge. bonds. Locomotives, 3. Cars— passenger, 4 ; baggage, etc., 1 ; freight (box, 5 ; flat, 15), 20— total, 25.

Operations, year ending June 30, 1897.— Trains run (passenger, 57,592 ; freight, 28,7%), 86,388 miles. Pas-
sengers carried, 41,306 ; carried one mile, 784,814. Tons moved, 33,722; ton-miles, 843,050. Earnings (passen-
ger, $16,007 ; freight, $22,971 ; other, $5,138), $44,116. Operating expenses, $38,561. Net earnings, $5,555 ; other
receipts, $84— total, $5,639. Charges : Interest on bonds (paid, $3.525), $15,894 ; other interest (paid), $7,733 ;
taxes, S7G7— total. $24,394. Deficit, $18,756 ; surplus forward, $2.515 ; net deficit, $16,240.

Financial Statement, June 30, 1897.— Capital stock (shares, $50)— common, $568,900 ; preferred, $197,-
586 ; funded debt (see below), $380,106 ; bills payable, $256,670 ; accounts, $7,476 ; other liabilities, $32,400—
total, $1,443.139. Contra: Cost of road, etc., $1,418,684 ; accounts, $3,613 ; ca-h, $4,601 ; profit and loss, $16,240
—total, $1,443,139. Funded debt : $69,000 ($350,000 auth.) 1st mtge. 5 p. c. 40-yr. $1,000 coup, bonds, clue Dec.,
1932 ; and $311,106 ($350,000 auth.) 2d mtge. 4 p. c. 40-yr. $1,000 coup, bonds, due Dec., 1932 ; interest on both
issues payable June and Dec., at 49 Broadway, New York, N. Y. The bonds are secured, in order of priority,
by mtge. on the main line (41 m.) as above, as well as on the equipment of the company. Trustees : T. C. Platt,
A. C. Gurnee, and Wm. Brookfield. Capital stock authorized— preferred, $350,000 ; 'common, $600,000. Pre-
ferred stock was issued to holders of old 1st mtge. bonds under the reorganization (see MANUAL for 1893, p. 2).

Capital stock, bonded debt, gross and net revenues, etc., for eight fiscal years ending June 30 :

B°ned °' Gr°88 Expenses Net "S*?1 Interest Balance

Earnings. & Taxes. Earnings. ^JJ^. Chargee. (+ or -).

$

-52,"107
—7,512
+ 14,842
+ 16,872
-1,181
+ 15,662
-2T.021
-18,756

Tears
•

Stock. Debt.

$

$

$

Miles.

$

8

1890...

.590,500

487,939

1,317.520

50.50

76,397

100,002

1891...

.590,500

487.939

1,331,052

50.50

92.192

76,240

1892...

.590,500

487,939

1,361,366

50.50

92,230

60,124

1893...

.762,257

335,000

1,369,746

50.50

94,193

62,641

1894...

.766,486

378,706

1,420,196

50.00

82,678

60,306

1895...

.766,486

380,106

1,424.787

50.00

. 80,667

57,465

1896...

.766,486

380,106

1,420,509

50.00

55,029

47,972

1897...

.706,486

380,106

1,418,684

46.00

44.116

39.327

*

$

1

Def. 28,605

Def. 12,034.

40,073

' 15,952

28,705

36,147

32,106

44,727

29,885

31,552

40,697

23,825

22,3?'2

29,865

30,546

23,202

38,742

23.080

7,057

13,494

15.894

4,789

4,872

15,894

60

POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Capital stock, $50,000; funded debt, 1st mtge. 6 p. c.
bonds, interest Feb. and Aug., $50,000; current lia-
bilities, $11,617— total, $111,617. Contra: Cost of
road, $109,060; profit and loss, $2,557— total, $111,-
617. Interest payable at 49 Broadway, New York.
O. Pattison, Pres., Elkland, Pa.; G. H. Tremaln,
Sec., Westneld, Pa.; G. R. Sheldon, Treas., 4 Wall
St., New York, N. Y. General Office, Elkland, Pa.

NEW YORK AND NORTHERN PENNSYL-
VANIA RR.— GainestoGaleton, Pa., 5m. ; total track,
5.5 miles. Rail (steel. 5 m.), 60 Ibs. Gauge, 4 ft. 8J
in. Incorp. Aug. 1, 1883; road opened Dec. 1, 1883.
Leased to the Addison and Pennsylvania Ry. Co.
Income, 1896-7. $3,496. Expenses and taxes, $3.748.
Deficit, $252. Paid interest on bonds, $3,000. Defi-
cit for year, $3,252; surplus forward, $695— net defi-
cit, $2,557. Financial Statement, June 30, 1897.—

Directors (A. & P. Ry. Co.).— T. C. Platt, Wm. Brookfield, Frank H. Platt, W. G. Oakman, Geo. R. Shel-
don, H. B. Platt, E. G. Davidge, T. P. Swayze, New York, N. Y.; Jas. E. Jones, Yonkers, N. Y.; L. B. Gale,
Galeton, Pa.; A. C. Gurnee, Eden, Me.; Theo. F. Wood, Orange, N. J.; C. S. Brice, Lima, O. OFFICERS:
THOMAS C. PLATT, Prex.: Wm. Brookfield, Vice- Pres.; A.. H. Howe, Treas., New York, N. Y.; Jas. E. Jones,
Sec., Yonkers, N. Y. ; W. W. Atwood, Gen. Supt., Addison, N. Y. GENERAL OFFICE, Addison, N. Y.

ALLEGHENY AND SOTJTHSIDE RY.— Projected: Allegheny to Pittsburgh, Pa. (South Side),
12 m., with branch from Allegheny to 39th St., Pittsburgh, Pa., 7 m.— total, 19 miles. Completed June 30, 1897:
4th St. to 22d St., S. S. 5 m.; trackage: Penn. RR., 15th St. to 3d St., 0.35 m.; P. & L. E. RR., 15th St. to 3d St.,
0.25 m.— total operated, 5.50 miles. Gauge, 4 ft. 8| in. Rail (steel), 60 Ibs. Locomotives, 3. Cars (flat), 80.
Chartered Sept. 20, 1892.

Operations, year ending June 30, 1897.— Gross earnings, $4,880. Operating expenses, $4,801. Net earn-
ings, 879. Payments: Interest on debt, $237; locomotive No. 9, $2,000— total, $2,237. Deficit, $2,158.

Financial Statement, June 30, 1897.— Bills payable, $4,329; current accounts, $8,246; profit and loss,
$2,328— total, $14,902. Contra: Cost of equipment, $7,675; cash, $2,881; accounts, $4,347— total, $14,903.

Directors.— David B. Oliver, Geo. T. Oliver, Henry W. Oliver, Stephen W. Tener, Chas. D. Frazier, F. G.
Bailey, John Reis, Pittsburgh, Pa. OFFICERS: DAVID B. OLIVER, Pres.; Geo. T. Oliver, Vice-Pres. & Treas.;
Francis G. Bailey, Sec., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

ALTOONA AND PHILIPSBURG CONNECTING RR.-Wigton to Ramey, Pa., 12.9 m.;
branches and spurs, 3.8 in.; trackage, 0.4 m.— total operated, 17.10 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.
Chartered July 11, 1892; road opened as above in 1896. Locomotives. 2. Cars— passenger, 6; freight, 200; other,
2— total, 208.

Operations, year ending June 30, 1897.— Trains run (passenger, 46,161 ; freight, 25,040), 71,201 miles. Pas-
sengers carried, 85,192; carriecT one mile, 532,250. Tons moved, 73,336. Earnings (passenger, $12,279; freight,
$3,490; other, $5,292), $21,061. Operating expenses, $30,000. Deficit, $8,939.

Financial Statement, June 30, 1897.— Capital stock (auth., $600,000; shares, $50), $404,400; funded debt
(no details obtainable), $15,000; current liabilities, $338,556- total, $757,956. Contra : Cost of road, etc., $360,771 ;
stocks owned, $37,750; cash and current assets, $38,082: profit and loss, $315,553— total, $757,956.

Directors.— Samuel P. Langdon, J. R. Levan, Edward C. Lee, Kenton Warne, Geo. S. Philler, Philadel-
phia, Pa.; James Denithorne, Huntingdon. Pa. OFFICERS: HBNUY LEVIS, Pres.; Edward C. Lee, Vlce-Pres.;
W. E. Steen, Treat.; Jas. C. Long, Sec., Philadelphia, Pa.; Geo. M. H. Good, Gen. Supt., Philipsburg, Pa. GEN-
ERAL OFFICE, Philadelphia, Pa.

AMSTERDAM, CHUCTANTJNDA AND NORTHERN RR.— East Amsterdam to Linseed
Oil Works, 1.5 miles. Chartered Sept. 23, 1879. This railroad is owned by Messrs. Kellogg & Miller, proprietors
of the Amsterdam Linseed Oil Works, and is operated (but not leased) as a switch branch of the New York Cen-
tral for hauling freight to and from the works. Rolling stock is supplied by the N. Y. C. & H. R. RR. Capital
stock, representing cost, etc. ($100 shares), $20,000.

Directors.—xTohn Kellogg, George Kellogg, Lauren Kellogg. J. Arthur Brannock, Myron W. Reid, John H.
Lindsay, F. S. Van Derveer, A. R. Conover, Amsterdam, N. Y.; George Davis, Galway, N. Y. OFFICERS: JOHN
KELLOGG, Pres.; Lauren Kellogg, Treas.; J. Arthur Brannock, Sec., Amsterdam, N. Y. GENERAL OFFICE,
Amsterdam, N. Y.

ANNAPOLIS, WASHINGTON AND BALTIMORE RR. -Annapolis to Annapolis June.,
Md., 20.5m.; total track (steel, 20.5m.), 20.50 miles. Rail, 56 Ibs. Gauge, 4 ft. 8i in. Reorganization in April,
1886, of the Annapolis and Elk Ridge RR. Co. (See MANUAL for 1888, p. 92.) Locomotives, 3. Cars —passenger,
3; baggage, etc., 3; freight (flat), 4— total, 10.

Operations, year ending June 30, 1897.— Earnings (passenger, $37,836; freight, $12,637; other, $5,062),
$55,535. Operating expenses, $42,633. Net earnings, $12,903. Payments : Dividends di p. c. Jan. 1, 1897),
$5,362; other, $2,433— total, $7,795. Surplus, $5,107; surplus forward, $2,208— total, $7,315.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $358,000; accounts, $2,772; profit and
loss, $7,315— total, $368,088. Contra : Cost of property, $358,000: accounts, $5,884; cash, $4,204— total, $368,088.

Directors.— Wm. W. Spence, John A. Hambleton, Alexander Brown, John Wilson Brown, Baltimore, Md.;
J. Wirt Randall, Annapolis, Md. OFFICERS: JOHN WILSON BROWN, Pres., & Gen. Man.; W. G. Bowdoin, Sec. &
Treas., Baltimore, Md. GENERAL OFFICE, Baltimore, Md.

BACHMAN VALLEY RR. OF MD.— Penn. State Line to Ebbvale, Md., 4 m.; Ebbvale to Mines,
0.5 m.; total (iron; 50 Ibs.), 4.5 miles. Gauge, 4 ft. 8£ in. Chartered April 7, 1870 ; road opened Jan. 1, 1873.

Operations. — All information refused.

Financial Statement.— Capital stock, $68,150; current liabilities, $33,907— total, $102,057. Contra:
Cost of road, $68,150; cash and current assets, $585; profit and loss, $33,322— total, $102,057. OFFICERS: JEROME
L. BOYER, Pres. & Gen. Man., Reading, Pa.; E. G. Holder, Sec. & Treas., Columbia, Pa. GENERAL OFFICE,
Columbia, Pa.

BALTIMORE AND ANNAPOLIS SHORT LINE RR.— Cliffords to Baltimore, Md., 22 m.;
trackage : B. <fc O. RR.; Baltimore to Cliffords, Md., 4.0 m.— total operated, 26 miles. Gauge, 4 ft. 8i in. Rail
(steel), 60 Ibs. The Annapolis and Baltimore Short Line RR. (see MANUAL for 1894, page 68), was sold under
foreclosure Jan. 25, 1894, and purchased for $100,000 on behalf of the 1st mtge. bondholders, who organized the
existing company. Locomotives, 5. Cars— passenger, 16 ; freight (box, 10 ; flat, 20), 40 ';• caboose, 1— total, 47.

Operations, year ending June 30, 1897.— Earnings (passenger, $-18,415; freight, $18,591; other, $5,569),
$72,575. Operating expenses, $62,435. Net earning*, $10,140. Paid interest on bonds, $17,460. Deficit, $7,820 ;
surplus forward, $18,610; net surplus, $11,291.

Financial Statement, June 30, 1897.— Capital stock— common, $400,000; preferred, $500,000; funded
debt (1st mtge. 3-4 p. c. 50-yr. gold bonds, due Jan. 1, 1944, interest Jan. and July), $600,000; bills payable, $715;
profit and loss, $11,291— total, $1,512.006. Contra: Cost of property, $1,500,000; materials, etc., $2,422; bills
and accounts, $8,064 ; cash, $1,520— total, $1,512,006. Trustee of bonds : Safe Deposit and Trust Co., Baltimore,
Md. Previous to Jan. 1, 1898, the bonds bore 3 p. c. interest.

Directors.— J. S. Ricker. Geo. Bnrnham, Jr., J. Hopkins Smith, \V. W. Brown, Portland, Me.; Sumner
Wallace, Rochester, N. H ; F. E. Fennessy, .f. B. Hnckins, Boston, Mass.; J. K. Manning, Medford, Mass.; C.
A. Coombs, Baltimore, Md. OFFICERS : .!. S. RICHER, Pres.; J. Hopkins Smith, Vice-Pres., Portland. Me.; C.
A. Coombs, Sec., Treas. <& Gen. Man., Baltimore, Md. GENERAL OFFICE, Baltimore, Md.

POOR'S MANUAL OF RAILROADS. 61

llge, 4 _, _

ment ': Locomotives, 3. Cars— passenger, 2 ; combination, 1 ; box, 1 ; flat, 3)i 7. Reorganization, in 1881, of tfie
Kent County RR. Co. The Smyrna and Delaware Bay RR. is owned by this company.

Operations, year ending June 30, 1897.— Earnings (passenger, $6,198: freight, $17,407; other, $3,209), $26,-
814. Operating expenses, $29,036. Deficit, $2,222. Interest on bonds, $18,750: taxes, $398— total, $19,148.
Total deficit, $21,370.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $366,500 ; funded debt (1st mtge. 5 p.
c. 30 yr. bonds, dated May 1, 1889, interest May and Nov. at 143 Liberty St., New York), $375,000 ; currenUiabifi-
ties, $179,648; accrued interest, not yet payable, $3,125— total, $924,273. Contra: Cost of property, $741,500 ;
cash and current assets, $1,854; profit and loss, $180,919— total, $924,273. Trustees of bonds : J. Rogers Maxwell
and R. W.'de Forest, New York, N. Y.

Directors.— Frank L. Hall, J. Rogers Maxwell, Robert W. de Forest, John W. Watson, S. M. Williams,
George F. Baker, Samuel Knox, New York, N. Y. OFFICERS : FRANK L. HALL, Pres.; J. W. Watson, Treas.;
Samuel Knox, Sec., 143 Liberty St., New York, N. Y. GENEBAL OFFICE, Clayton, Del. New York Office, 30
Broad Street.

BALTIMORE AND LEHIGrH BY.— Baltimore, Md., to Cardiff, Md., 42.9 miles. Sidings, 3.42
miles. Gauge, 3 ft. Rail (steel), 40 Ibs. Reorganization July 31, 1894, of the Maryland Division of the Balti-
more and Lehigh RR. Co., which was sold under foreclosure in June, 1894, and purchased for $98,253.25 on behalf
of the 1st intge. bondholders. The Pennsylvania Division of the B. & L. RR. was subsequently reorganized as
the York Southern RR. Co. Locomotives, 8. Cars — passenger, 17 ; baggage, etc., 5 ; freight (box, 112 ; stock,
3; flat, 32; coal, 46), 194; caboose, 3— total, 219.

Operations, year ending June 30, 1897.— Trains run (passenger, 102,787 ; freight, 28,637 ; other, 27,504),
158,928 miles. Passengers carried, 136,180; carried one mile, 2,299,322. Tons moved, 45,114 ; ton-miles, 1,075,770.
Earnings (passenger, $52,083; freight, $43,704; other, $26,787), $122,573. Operating expenses, $94.377. Net earn-
ings, $28,196 ; other receipts, $1,954— total, $30,150. Payments : Interest on debt, $4,474 ; taxes, $3,890; other
payments, $8.359— total, $16,725. Surplus, $13,425; surplus forward, $13,849— total, $27,274.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $843,500; 5 p. c. mtge. (not repre-
sented by bonds) to Mercantile Trust and Deposit Co., Baltimore, Md., $85,000; accounts, $8,269; profit and loss,
$27,274— total, $964,043. Contra: Cost of road, $928,500; materials, etc., $6,536; accounts, $3,218; cash, $25,790
—total, $964,043.

Directors (elected Jan. 18, 1898).— W. W. Spence, Alexander Brown, George C. Jenkins, John W. Hall,
John S. Young, Solomon Frank, John K. Cowen, J. Wilson Brown, Baltimore, Md. OFFICEBS : J. WILSON
BROWN, Pres.; John McHenry, Treas. & Sec.; W. A. Moore, Gen. Man.; Jno. K. Shinn, Aud., Baltimore, Md.
GENERAL OFFICE, Baltimore, Md.

BALTIMORE AND SPARROW'S POINT RR.— Colgate Creek to Sparrow's Point, Md., 4.7
m. ; Sparrow's Point to Pennwood Park, 0.73 m.— total, 5.43 m. : total track (steel ; 70 Ibs.), 6.11 miles. Gauge,
4 ft. 8 \ in. Incorporated in Aug., 1887 ; built in 1889. Owns one locomotive. Passenger service conducted oy
the Northern Central Ry. Co.

Operations, year ending June 30, 1897.— Passengers carried, 287,257 ; carried one mile, 1,095,261. Tons
moved, 348,691. Earnings (passenger, $8,343; freight, $34,011), $42,354. Operating expenses, $18,266. Net earn-
ings, $24,088. Capital stock, $150,000. No bonds.

Directors (elected March, 1897).— Luther S. Bent, Eben F. Barker, Philadelphia, Pa.; F. W. Wood, J. H.
Taylor, J. R. Foard, N. P. Bond, Baltimore, Md. OFFICERS : LUTHER S. BENT, Pres., Philadelphia, Pa.; Rufus
K. Wood. Sec. & Treas., Sparrow's Point, Md.; H. W. Kapp, Supt., Baltimore, Md. GENERAL OFFICE, Spar-
row's Point, Md.

BAN GO R AND PORTLAND RY.— Portland to Nazareth, Pa., 27.97 m.; Martin's Creek Branch:
Nazareth Junction to Martin's Creek, Pa., 4.54 m.; Easton and Northern RR. (leased— see below), 8 m.— total
operated, 40.51 miles. Sidings, etc., 10 miles. Gauge, 4 ft 8J in. Rail (steel, 40.51 m.), 56 and 60 Ibs. Chartered
March 4, 1879 ; opened throughout Dec. 28, 1885. Locomotives, 7. Cars— passenger, 12 ; freight, 51.

Operations, year ending June 30, 1897.— Trains run (passenger, 81,000; freight, 40,400; other, 1,400),
122,800 miles. Passengers carried, 151,047 ; carried one mile, 1,208,376. Tons moved, 179,724 ; ton-miles, 2,695,-
860. Earnings (passenger, $27,975 ; freight, $116.085 ; other, $4,208), $148,268. Operating expenses, $115,814.
Net earnings, $32,454 ; other receipts, $10,224— total, $42,678. Payments : Interest on bonds, $19,200 ; taxes, $1,647 ;
dividends (Jan. and July, 1897, 3 p. c. each), $7,266 ; rental (E. & N. RR.), $3,663 ; other payments, $13,351—
total, $44,997. Deficit, $2,319.

Financial Statement, June 30, 1897.— Capital stock (autb., $350,000), $121,100; funded debt (income
and collateral trust 6 p. c. 50-yr. bonds, due Jan. 1, 1930, interest Jan. and July), $820,000 ; current liabilities,
$5,500 ; profit and loss, $90,157— total, $536,757. Contra : Cost of road, $421,224 ; rolling stock, $112,983 ; bonds
owned, $516 ; house and lot and mtge., $1,402 ; cash, $632— total, $536,757. Stock may be voted if registered.
Interest payable at National Park Bank, New York, or at company's office. Trustees of bonds: Moses Taylor,

I. Blair, i ' ~

John I. Blair, and D. C. Blair.

EASTON AND NORTHERN RR.— Belfast to
Ea&ton. Pa., 8.14 miles. Rail, 56 Ibs. Chartered May
28, 1889; opened Aug. 23, 1890. Leased for 5 years
from Aug. 1, 1893, to the B. & P. Ry. Co.; rental (30
p. c. of gross earnings) in 189G-97, $3,826. A connec-
tion with the Lehigh Valley RR. Co.'s tracks at
South Easton, a distance of about 4 miles. Is under
construction. Financial Statement, June 30, 1897. —
Capital stock, $300,000; funded debt (4J p. c. 40-yr.

$500 and $1,000 gold coup, bonds, with right Of regis-
tration, dated Oct. 7, 1895, interest May 1, and Nov.
1; auth., $300,000), $51,000; unfunded debt, $268.752
—total, $619,752. Contra: Cost of property, $619,737;
other assets, $14— total, $619,752. Alfred Walter,
Pres., South Bethlehem, Pa.; Chas. Hartshorne,
Vice-Pres.; D. G. Balrd, Sec. & Treas., Philadelphia,
Pa. General Office, 228 So. 3d St., Philadelphia, Pa.

Directors, B. & P. Ry. Co. (elected May 11, 1897).— John I. Blair, W. H. Vail, Blairstown, N. J.; C. Miller,
Geo. W. Mackey, Jacob E. Long, Banker, Pa.; D. C. Blair, C. Ledyard Blair, Belvidere, N. J.; John I. Miller,
Portland, Pa.; Win. Bray, East, Bangor, Pa. OFFICERS : C. MILLER, Pres. A Gen. Man., Bangor, Pa.; D. C. Blair,
Vice-Pres., Belvidere, N. J.; Geo. W. Mackey, Sec.; John I. Miller, Treas., Bangor, Pa. GENERAL OFFICE,
Bangor, Pa.

BARCLAY RR.— Towanda, Pa., to Foot of Plane, 14.02 miles. Rail (iron) 60 and 70 Ibs. Gauge, 4 ft.
8* in. Reorganization, Sept. 24, 1891, of the Barclay Coal Co. (See MANUAL for 1891, p. 53, and MANUAL for
1893, p. 70.) Locomotives, 5. Cars— passenger, 2 ; baggage, etc., 1 ; freight (box, 1 ; flat, 10 ; coal, 10), 21 ;
caboose, 1— total 25.

Operations, year ending June 30, 1897.— Trains run (passenger, 18,880 ; mixed, 9,240), 28,120 miles. Pas-
sengers carried 18,060 ; carried one mile, 118,008. Tons moved, 79,113 ; ton-miles, 836,778. Earnings (passenger,
$5,275 ; freight, $24.086 ; other, $5,634), $34,996. Operating expenses, $24,030. Net earnings, $10,965 ; other
receipts, $4,934— total, $15.900. Pavments : Interest on bonds, $2,650; taxes, $1,178— total, $3,828. Surplus,
$12,071.

62 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $1,000,000 ; funded debt (1st nitee.
5 p. c. 20-yr. §1,000 coup, bonds, due April, 1907, interest April and Oct., auth., $100,000), $76,000 ; gross receipts
$39,930 ; profit and loss, $83,616 -total, $1,199,546. Contra : Cost of road, etc., §482,899 ; real estate, $313,000 ;
Long Valley Co. shares, $125,000 ; Long Valley Co. mtge., $100,000 ; Barclay bonds on hand, $29.980 ; cash,
$2,766 ; Barclay extension, $1,413 ; interest on bonds, $2,650 ; operating expenses, etc., $20.657 ; miscellaneous,

Andrew Wheeler, J. Raymond Claghorn, Philadelphia, Pa. For statement of dividend payments to 1890, see
MANUAL for 1893.

Directors (elected Feb. 8, 1897).— Andrew Wheeler, Lawrence Johnson, John L. Wilson, John F. Stoer,
Philadelphia, Pa.; I. O. Blight, Towanda, Pa.; Chas. H. Davis, New York, N. Y. OFFICERS : HENRY C. DAVIS,
Pres.; E. D. Ackley, Asst. Sec. & Treas., Philadelphia, Pa.; I. O. Blight, Supt., Towanda, Pa. GENERAL OFFICE,
204 Walnut Place, Philadelphia, Pa.

BABE BOCK BB.— Milford to Bare Bock, Pa., 2.5 miles. Hail (steel), 56 Ibs. Gauge, 4 ft. 8£ in.
Chartered Oct. 19,1892; road opened, Oct. 10, 1892. Locomotive, 1. Cars — passenger,!; flat, 3— total, 4.

Operations, year ending June 30, 1897. — Trains ran (mixed), 9,000 miles. Passengers carried, 13,147; Carrie. I
one mile, 32,867. Tons moved, 40,000; ton-miles, 100,000. Earning? (passenger, §1.972; freight, $3,826), $5,7!>9.
Operating expenses, $3,687. Net earnings, $2,111 ; surplus forward, $1,375— total, $3,486.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $19,950 ; current accounts, $2,215 ;
profit and loss, $3,486— total, $25,652. Contra: Cost of road, etc., $25,202 ; accounts, $450— total, $25,652.

Directors.— John Murdock, J. M. Murdock, W. F. Murdock, J. C. Duncan, Johnstown, Pa. ; E. B. McColly ,
Ligonier, Pa.; John Fox, Somerset, Pa. OFFICERS : JOHN MURDOCK, Pres.; W. F. Murdock, Sec.; J. M. Mnr-
dock, Trtas., Johnstown, Pa. GENERAL OFFICE, Johnstown, Pa.

BATH AND HAMMONDSPORT RR.— Bath to Hammondsport, N. Y., 10 m.; total track (steel ;

ings (passenger, $11,152; freight, $26,561 ; other, $752), $38,465. Operating expenses, $21,236. Net earnings
$17,22!). Payments : Interest on bonds, $15.000 ; taxes, $1,265— total, $16,265. Surplus, $964 ; surplus forward,
$5,405— total ($6,369, less items credited profit and loss previous to June 30, 1896, $1,025), $5,344.

Financial Statement, June 30, 1897.— Capital stock (chares, $100), $100,000; funded debt ($100,000 l.st

and loss, $5,341— total, $426,052. Contra : Cost of road, etc., $412,992 ; materials, etc., $393 ; bills and accounts,
$11,932; cash, §735— total, $426,052. Trustees: 1st mtge., Franklin Trust Co., Brooklyn, N.Y.; 2d mtge., Central
Trust Co., New York, N. Y.

Directors. — Charles W. Drake, New York, N. Y.; Frank E. Spencer, Penn Yan, N. Y.; Monroe Wheeler,
H. S. Stebbins, J. W. Davis, Chas. J. Drake. Hammondsport, N. Y.; Frank Campbell, Bath, N. Y. OFFICERS :
CHARLES W. DRAKE, Pres., It Broadway, New York, N. Y.; Monroe Wheeler, Sec., Hammondsport, N. Y.;
Frank Campbell, Treas., Bath, N. Y.; H. S. Stebbins, 3fgr.; Chas. J. Drake, And., Hammondsport, N. Y.
GENERAL OFFICE, Hammondsport, N. Y.

BEAVEB MEADOW, TBESCKOW AND NEW BOSTON BB.-Coleraine Colliery to
Junction T., H. & N. Ky., Pa., 2.06 m.; total track (steel ; 62 Ibs.), 2.61 miles. Gauge, 4 ft. 8f in. Chartered Feb.
21, 1894 ; road opened Oct. 13, 1834. Built to connect Coleraine Colliery with the Central RR. of N. J., and the
Philadelphia and Reading Ry.; has no equipment of its own, but simply gives the above mentioned roads an
outlet to the colliery. Capital stock (auth., $200,000 ; shares, $50), subscribed, $102,000 ; paid in, $36,000. Cost
of road, $36,000.

Directors.— A. S. Van Wickle, C. J. Kirschner, J. F. Barber, W. L. Chamberlin, Philip V. Weaver, A. M.
Eby, Hazleton. Pa.; B. W. Wilde, Milnesville, Pa. OFFICERS : A. S. VAN WICKLE, Pres.; Frank N. Day, Sec.
<k Treas., Hazleton, Pa. GENERAL OFFICE, Hazleton, Pa.

BELLEFONTE CENTRAL BB.— Bellefonte, Pa., to Pine Grove Mills, 23 m.; branches, Mattern
June, to Graysdale, 2.5 m.; Struble to State College, 1 m.— total, 26.5 m.; total track (steel: 56 Ibs.), 29.75 miles.
Gauge, 4 ft. 9 in. Reorganization, Jan. 12, 1892, of the Buffalo Run, Bellefonte and Bald Eagle RR. Co. Loco-
motives, 3. Cars— passenger, 9; freight (flat, 5; coal, 12), 17; other, 35— total, 61.

Operations, year ending June 30, 1897. — Trains run (mixed), 47,826. Passengers carried. 31,499. Tons
moved, 88,736. Earnings (passenger, $7,748: freight, $16,650; other, §1,830), $26,187. Operating expenses, $18.701.
Net earnings, $7,427. Payments: Interest on bonds, $1,725; other interest, $3,790; other payments, $815— total,
$6,330. Surplus, §1,096.

Financial Statement, June 30, 1897.— Capital stock ($50 share?), $500,000; funded debt outstanding (1st
mtge. 5 p. c. 30-y. §500 and §1,000 coup, bonds, dated Jan. 1, 1894, interest Jan. and July: authorized, $200,000),
$34.500; current liabilities, $60,486— total, $594,986. Contra: Cost of property, $579.870; materials, etc., $5,183;
profit and loss, $9,933— total, $594,986. Trustee of bonds: Real Estate Trust Co. of Phila., at whose office interest
is payable.

Directors (elected May 3. 1897).— Henry Whelen, Francis F. Milne, R. Dale Benson, Byerly Hart, Theodore
M. Etting, Walter Lippincott, Philadelphia, Pa. OFFICERS : ROBERT FKAZER, Pres.: Theodore M. Etting, Vive-
Pies.; George H. Wolbert, Sec. & Treas., Philadelphia, Pa; F. H. Thomas, Snpt., Bellefonte, Pa. GENERAL
OFFICE, 209 South Third Street, Philadelphia, Pa.

BERLIN BRANCH RR.— Berlin Junction to East Berlin, Pa., 7 miles. Rail (iron), 56 and 60 Ibs.
Gauge, 4ft. 8H»- Incorp. in 1876; road opened in 1877. Equipment and working crews supplied by the Western
Maryland RR. Co., which operates the road under contract at 80 cents (reduced from 40 cents) per mile run.

Operations, year ending June 30. 1897.— Trains run (mixed), 8,83t> mile*. Passengeis cairied, 10,013? car-
ried one mile, 47,705. Tons moved, 10,222; ton-miles, 65,756. Earnings (passenger, §1,202; freight, $3,695; other,
$480), $5,378. Operating expenses, $5.443. Deficit from operation, $65. Miscellaneous receipts, $103. Net
income, $38. Charges: Interest on bonds, $2,574; other interest, $352; other charges, $151— total, $3,077. Deficit
for year, $3,039; deficit forward, $40,922— total, $43,962. /

Financial Statement, June 30, 1897.— Capital stock (auth., $75,000; shares, $50), $43,195; funded debt
(1st mtge. 6 p. c. 20-yr. bonds, due 1896, interest April and Oct., $25,000; 2d mtge. 6 p. c. 20-yr. bonds, due 19>K),
interest Jan. and July, $17,900), $42,900; current liabilities, §88,841— total, $121,436. Contra: Cost of road,
$77,326; cash, $148; profit and loss, $43.962— total, $121,436. Bonds are in coup, form, for $100 and $500 each.
Trusiee: R. M. Wirt, Hanover, Pa. The 2d mtge bond* are convertible into stock.

Directors (elected Jan. 10, 1898).— A. W. Eichelherger, Stephen Keefer, R. N. Meisenhelder, Henry A.
Young, Hanover, Pa.; Daniel Eb*-rly, Joseph Wolf, F. K. Hater, Abbotstown, Pa.; Michael Rebert, Jacob
Resser, W. G. Leas. East Berlin, Pa. OFFICERS: A. W. EICHELBEROER, Pres., Hanover, Pa.; Jacob Resser,
Treas.; Michael Rebert, Sec., East Berlin, Pa. GENERAL OFFICE, Hanover, Pa.

POOR'S MANUAL OF RAILROADS.

63

BLOOMSBURGr AND SULLIVAN RR.— Bloomsburg to Jamison City, Pa., 30 m.; total track
(steel; 56 Ibs.), 30.02 miles. Gauge, 4 ft. 8£ in. Chartered Dec. 27, 1888; road opened as above Sept., 1888. Default
was made in July, 1896, and subsequently a committee, of which Morton McMichael of Philadelphia is chairman,
was appointed, and submitted a plan of relief under which it was proposed to cancel a part of the overdue interest
and lower the rate of future interest. This plan being rejected by the bondholders a plan of reorganization was
proposed (in Jan., 1898), under which bondholders are asked to accept $400,000 1st mtge. 5 p. c. bonds, and $200,-
000 2d mtge. 5 p. c. income bonds in exchange for the present 1st mtge. bonds. The Fidelity Insurance, Trust and
Safe Deposit Co. of Philadelphia is the depositary under the plan. Locomotives, 4. Cars— passenger, 6j baggage,
etc., 2; caboose, 1 ; other, 18— total, 27.

Operations, year ending June 30, 1897.— Earnings (passenger, $18,190; freight, $39,868), $58,058. Operat-
ing expenses, §32,891. Net earnings, $25,167. Total deductions, $46,861. Deficit for year, $21,654.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $600,000; funded debt (1st mtge. 5
p. c. bonds, dated 1889, due Jan. 1, 1920; interest Jan. and July, at the office of the trustee, auth. $600,000), $599,-
000; current liabilities, $47,747— total, $1,246,747. Contra; Cost of property, $1,199,000; cash and current assets,
$11,253; equipment trust payments, $1,000; profit and loss, $35,495— total, $1,246,747. By the terms of the mort-
gage the bonds are provided with a sinking fund, beginning Jan. 1, 1894, of $5,000 or more per annum, to bo set
apart for redemption of bonds at not exceeding par, such bonds to be turned over to trustee (Fidelity Ins. Tr. <te
S. L. Co., Philadelphia, Pa.) and cancelled; or if bonds cannot be purchased trustee may draw them by lot.

Directors (elected Jan. 11, 1898).— C. R. Buckalew, H. J. Conner, Samuel Wigfall, J. K. Grotz, L. E. Waller,
Bloomsburg, Pa.; Morton McMichael, E. W. Clark, Jr., H. H. Pigott, Philadelphia, Pa.; J. G. Leeper, Philadel-
phia, Pa. OFFICERS: C. R. BUCKALEW, Pres.; Samuel Wigfall, Vice-Pres. & Treas., Bloomsburg, Pa.; H. J.
Conner, Sec., Orangeville, Pa. GENERAL OFFICE, Bloomsburg, Pa.

BRADFORD AND WESTERN PENNSYLVANIA RR.— Lewis Run, Pa., to Dent Hill, Pa.,
4.77 m. ; sundry branches, 3.41 m.— total, 8.18 miles. Gauges, 3 ft. and 4 ft. 84 in. Organized July 27, 1891 ; road
completed as above in 1896. Locomotives, 2. Cars — passenger, 1; freight (coal), 14; other, 23— total, 38.

Operations, year ending June 30, 1897. — Trains run (mixed), 4,855 miles. Tons moved, 22,115 ; ton-miles,
86,46!). Earnings (freight), $6,416. Operating expenses, $5,879. Net earnings, $537.

Financial Statement, June 30, 1897.— Capital stock (auth., $70,000 ; shares, $100), $36,000; profit and
loss, $449— total, §36,44!). Contra: Cost of road, etc., $36,081 ; accounts and cash, $368— total, $36,449.

Directors (elected March 24, 1897).— C. S. Whitney, Belmont, N, Y.; F.W.Davis, W. W. Bell, A. B.
Walker, C. C. Melvin, T. P. Thompson, Bradford, Pa. OFFICERS : C. S. WHITNEY, Pres., Belmont, N. Y.; F. W.
Davis, Vice-Pres.; H. P. Whitney, Sec.; W. W. Bell, Treas., Bradford, Pa. GENERAL OFFICE, Bradford, Pa.

BRADFORD, BORDELL AND KINZTJA RY — Bradford to Smethport, Pa., 25.23 m.; branch,
Kinzua Junct. to Rew City, Pa., 1.93 m.— total, 27.16 miles. Leased : Big Level and Kinzua RR. (see below),
10.50m.; Pitts. <& West. Ry., Mt. Jewett to Kane, Pa., 12.50 miles. Total lines operated, 50.16 miles. Sidings,
6.02 miles. Gauge, 3 ft. Rail (steel, 27.21 m.), 30 and 40 Ibs. Chartered April 1, 1892 (see MANUAL for 1897).
Locomotives, 6. Cars— passenger, 6 ; baggage, etc., 4 ; freight (box, 10 ; flat, 47 ; coal, 17), 74 ; caboose, 2 ; tool, 1 ;
hoist trucks, 67— total, 154.

Operations, year ending June 30, 1897.— Trains run (passenger, 92,737; freight, 18,571; mixed, 18,636; other,
6,044), 135,888 miles. Passengers carried, 70,245 ; carried one mile, 1,685,880. Tons moved, 49.410 ; ton-miles,
1.581,1-30. Earnings (passenger, $38,995 ; freight, $35,255 ; other, $4,019), $77,804. Operating expenses, $55,849.
Net earnings, $21,954 ; other receipts. $773— total, $22,7'28. Payments : Interest on bonds, $7,470 ; rentals leased
lines, §9,803 ; taxes, $517— total, $17,7iM). Surplus, $4,937 ; surplus forward, $36,888— total, $41,825.

Financial Statement, June 30, 1897.— Capital stock (anth., $300,000; shares, $100), $249,000; funded
debt (1st mtge. 4 p. c. 50-yr. §500 gold coup, bonds, due 1942, interest April and Oct. at office of trustee ; (auth.,
$300.000), §249,000 ; current accounts, §5,819 ; accrued interest on bonds, not yet payable, $2,490 ; profit and loss,
$41,825— total, $548,134. Contra: Cost of road, etc., $527,500 ; bills and accounts, $6,049 ; cash, $14,585— total,
$548,134. Trustee of bonds : Metropolitan Trust Co., New York, N. Y.

ment, June 30, 1897.— Capital stock (shares, $50),
$150,000: funded debt (income 20-yr. $500 coup,
bonds, due May 1, 1916, interest annually May 1),
authorized and issued, $50,000; unfunded debt, $4,-
530; profit and loss, $229— total, $204,759. Contra:
Cost of road, etc., $200,473;" other assets. $4,285—
total, $204,759. The incomes were issued on May 1,
1896, to replace the $100,000 old 6s of 1912. They
bear interest at a rate to be fixed by the board of
directors, but not to exceed 6 p. c. Elisha K. Kane,
Pres.; Zella E. Kane, Treas., Kushequa, Pa.; Thos.
L. Kane, Sec., Kane, Pa. General Office, Kane, Pa.

BIG LEVEL AND KINZUA RR.— Mount Jewett
to Ormsby Junct., Pa., 10.7 m.; total track (steel; 40
Ibs.), 12.2 miles. Gauge, 3 ft. Chartered Aug. 27,
1881; road opened Dec., 1886. (See Manual for 1893.)
On June 30, 1896, the traffic contract with the Pitts-
burgh and Western Ry. Co. e.xpired, and a lease en-
tered into with the Bradford, Bordell and Kinzua
RR. Co. By the terms of this lease, the lessee- main-
tains and operates the road 'and pays the lessor 20
p. c. of the gross earnings. Rental, year ending June
30, 1897, $2,112; expenses, $1.803; net income, $309.
Deficit forward (523,615, less additions for year,
$23,535), ?80; net surplus, $229. Financial State-
Directors, B., B. & K. Ry. (elected March 26, 1892).— J. B. McGeorge, H. K. Pomroy, Chas. Dana, New
York, N. Y.; D. H. Jack, Bradford, Pa.; Jno. J. Carter, Titusville, Pa.; Geo. L. Roberts, Pittsburgh, Pa.; Jas.
R. Cowing, Brooklyn, N. Y. OFFICERS: GEO. L. ROBERTS, Pres., Pittsburgh, Pa. ; H. K. Pomroy, Vice-Pres.;
J. B. McGeorge, Sec., 39 Broad St., New York, N. Y.; A. B. Campbell, Treas. & Auditor, Bradford, Pa. GEN-
ERAL OFFICE, Bradford, Pa.

BROOKLYN AND BRIGHTON BEACH RR.— Brooklyn (Atlantic Ave.) to Brighton Beach,
N. Y. (double track), 7.50 m.— total track (15.5 m., steel ; 56 Ibs.), 17.86 miles. Gauge, 4 ft. 84 in. Locomotives, 8.
Cars — passenger, 42 ; baggage, etc., 2 — total, 44. Chartered Sept. 2, 1887, and purchased the Brooklyn, Flatbush
and Coney Island RR., at foreclosure sale, Oct. 26, 1887. (See MANUAL for 1890.) (See GENERAL INDEX for state-
ment of Kings County Elevated Ry. Co.) Coupons on 1st mtge. bonds due March 1, 1896, were paid on March 24,
1896. but interest due Sept., 1896, is in default ; the coupons on the consols, were paid at maturity. In Jan., 1898,
a suit in foreclosure was brought by the trustee under the 1st mtge., and on Jan. 14, 1898, receiyers were ap-
pointed. A committee, of which Geo. S. Edgell, 192 Broadway, New York, is chairman, has been appointed to
protect the interests of the bondholders.

Operations, year ending June 30, 1897.— Trains run (passenger, 66,550 ; freight, 7,834 ; other, 2,142), 76,526
miles. Passengers carried, 489,322 ; carried one mile, 3,425,254. Tons moved, 24,063 ; ton-miles, 168,441. Earn-
ings (passenger, $33.930 ; freight, $3,325), $37,255. Operating expenses, $44,143. Deficit from operations, $6,888;
miscellaneous receipts, $20,912 — net income, $14,024. Charges : Interest on bonds, $36,551 ; other interest, $4,026 ;
taxes and assessments, §6,575 ; other charges, §13,340— total, $60,492. Deficit, $46,468 ; deficit forward, $364,528
—total, $410.995.

Financial Statement, June 30, 1897.— Capital stock, §100 shares (common, §500,000 ; preferred, $500,000),
$1,000,000 ; funded debt (see below), $1,194,500 ; bills payable. $82,294 ; current accounts, $124,740 ; interest on
funded debt, $35,019 ; terminal property debt, $l,000-total, $2,437.554. Contra : Cost of road, etc., $1,711,921 ;
extension of terminus, $304.786 ; current accounts, $9,176 ; cash, §676 ; profit and loss, $410,995— total, $410,995.
Funded debt consists of $500,000 1st mtge. 5 p. c. 40-yr. $1,000 reg. bonds, due Sept. 1, 1927, interest March

64 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.

and Sept. at office of trustee ; $300,000 consolidated 1st mtge. 5 p. c. 50-yr. bonds, due May 1, 1940, iutcrebt May
and Nov., and 8394,500 income 6 p. e. bonds, due Sept. 1, 1935, interest payable when earned. The consols of 1946
were issued on account of the extension of the terminus ; and the income bonds in settlement of current indebt-
edness. Trustee of 1st mtge. bonds: Central Trust Co., New York, N. Y.; of consols, Brooklyn Trust Co.,
Brooklyn, N.Y..

Directors (elected Sept. 14, 1897).— James Jourdan, Ghauncey Marshall, Aaron 8. Bobbins, John Z. Lott,
George I. Murphy, Edward L. Langford, Brooklyn, N. Y.; Uriel A. Mnrdock, New York, N. Y. OFFICERS :
EDWARD L. LANGFORD and GEO. W. PALMER, Receivers : EDWARD L. LANGFORD, Pres.; John Z. Lott, Sec. &
Treas., Brooklyn, N. Y. GENERAL OFFICE, 44 Court St., Brooklyn, N. Y.

BROOKLYN AND BOCKAWAY BEACH BB.— East New York to Canarsie Landing, N. Y.,
3.5 m. ; total track (steel), 5.54 miles. Rail, 50 to 60 Ibs. Gauge, 4 ft. 8± in. Chartered Dec. 4, 1863 ; road opened,
Oct., 1865. Locomotives, 3. Cars— passenger, 16 ; freight (flat), 2— total, 18. Also 2 steam ferry-boats.

Operations, year ending June 30, 1897. — Passengers carried, 172,489. Earnings (passenger, $14,865 ; freight,
$817), $15,682. Operating expenses, $22,075. Deficit from operations, $6,393 ; miscellaneous receipts, $6,626—
net income, $233. Payments : Interest on bonds, $20,280 ; taxes, $4,996 ; other payments, $3,018— total, $28,293.
Deficit for year, $28,060.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $150,000 ; funded debt (consol. mtge.
6 p. c. 40-yr. $1,000 coup, bonds, due April 28, 1931, interest May and Nov.; auth., $350,000), $338,000 ; purchase
money mtges., real estate, $55,877; bills payable, $45,200; vouchers, accounts, etc., $68,698; profit and loss,
$30,052— total, $682,827. Contra: Cost of road, etc., $528,896; real estate, $107,884; securities owned, $21,000;
material, etc., $938 ; accounts, $24,109— total, $682,827. Trustee of bonds: People's Trust Co., Brooklyn, N. Y.,
where interest is payable.

Directors.— Felix Campbell, Seth L. Keeney, James Jourdan, Hugh McLangblin, John McCarty, Thos. E.
Pearsall, T. L. Frothingham, Henry E. Hutchinson, Brooklyn, N. Y.; Henry J.Bobinson, New York, N. Y.
OFFICERS : H. E. HUTCHINSON, Pres.; T. L. Frothingham, Vice-Pres.; Henry J. Robinson, Sec. dk Treas., Brook-
lyn, N. Y. GENERAL OFFICE, 540 Franklin Ave., Brooklyn, N. Y.

BBOOKVILLE BY.— Brookville to Hays' Lot Line, Pa., 13.1 m.; trackage, A. V. RR., Rose to Brook-
ville, Pa., 1.2 m., and Heidrick Matson Co. RR., Hays' Lot Line to Smith's Camp and branches, 3.8 m.— total
operated, 20 m. ; total track owned, 15 miles. Average operated during year, 19 miles. Gauge, 4 ft. 9 in. Rail
(nearly all steel), mostly 60 Ibs. Organized June 10, 1896 ; road opened, Jan. 1, 1897. Locomotive, 1. Cars-
passenger, 1 ; baggage, etc., 1 ; freight, 20— total, 22.

Operations, year ending Dec. 31, 1897. — Trains run (mixed), 13,000 miles. Passengers carried, 1,543 ; car-
ried one mile, 15,430. Tons moved, 45,467 ; ton-miles, 500,137. Earnings (passenger, $617 ; freight, $4,736),
$5,353. Operating expenses, $5,353.

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $50), $26,000 ; current liabilities, $467 ;
balance due for construction, $53,313— total, $79,779. Contra: Cost of road, etc., $79,163 ; cash and current
assets, $467 ; materials, etc., $150— total, $79,779.

Directors (elected April 6, 1897).— Levi Heidrick, R. M. Matson, Brookville, Pa.; F. M. Ashmead, E. P.
Bates, David McCargo, W. K. McElroy, Pittsburgh, Pa.; S. B. Rumsey, Reynoldsville, Pa. OFFICERS: LEVI
HEIDRICK, Pres., Brookville, Pa.; Chas. R. Robinson, Sec. & Treas.; Theodore F. Brown, Aud., Pittsburgh, Pa.
GENERAL OFFICE, Pittsburgh, Pa.

BBOWNSTONE AND MIDDLETOWN BB.— Brownstone to Waltonville, Pa., 2.5 m.; total
track (steel ; 56 Ibs.), 4.33 miles. Gauge, 4 ft. 8j in. Incorp. and road opened Feb. 8, 1892. Locomotives, 4.
Cars— passenger, 3 ; freight (flat, 4 ; box, 2), 6 ; other, 28— total, 37.

Operations, year ending June 30, 1897. — Passengers carried, 12,128 ; carried one mile, 24,250. Tons
moved, 39,947 ; ton-miles, 44,345. Earnings (passenger, $399 ; freight, $4,298), $4,697. Operating expenses,
$7,091 . Deficit from operations, $2,394. Miscellaneous receipts, $1,866. Net deficit, $528. Paid taxes, $168.
Deficit for year, $696.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $25,000 ; current accounts, $2,282 ;
profit and loss, $781— total, $28,062. Contra : Cost of property, $27,550 ; cash and accounts, $512— total, $28,062.

Directors (elected Jan. 24, 1898).— Allen Walton, A. K. Walton, R. J. Walton, E. A. Penney, Waltonville,
Pa.; J. J. Nissley. Hammelstown, Pa.; H. O. Deshong, Morris Ebert, Philadelphia, Pa. OFFICERS : ALLAN
WALTON, Pres.,- A. K. Walton, Treas.; E. A. Penney, Sec., Waltonville, Pa. GENERAL OFFICE, Waltonville, Pa.

BUFFALO, ATTICA AND ARCADE BB.— Attica to Arcade, N. Y., 26 m.; total track (steel ; 65
Ibs.), 26 miles. Gauge, 4 ft. 8J in. Organized Oct. 15, 1894, by the purchasers at foreclosure sale, March 3, 1894,
of the property of the Attica and Freedom RR. Co. The line of that company was narrow gauge and extended
from Attica to Sandusky, N. Y., 33 miles. In Oct., 1894, the operation or this line was discontinued and track
taken up. The present company was organized to build a standard gauge road on the same line, and 19 miles of
game, from Attica to Curriers, was put into operation on Jan. 9, 1895. On Dec. 1. 1895, the section from Curriers
to Arcade, 7 miles, was completed and opened for traffic. The section between Arcade and Freedom, 7 miles,
has been virtually abandoned. (See MANUAL for 1894.) Equipment chiefly supplied by the Erie RR. Co., but
the company owns 1 locomotive and 1 combination car.

Operations, year ending June 30, 1897.— Trains rnn (passenger, 22,035; freight, 13,221), 35,256 miles. Pas-
sengers carried, 13,282; carried one mile, 158,328. Tons moved, 18,214; ton-miles, 158,328. Earnings (passenger,
$4,593 ; freight, $13,271 ; other, $2,574), $20,437. Operating expenses, $14,707. Net earnings, $5,730 ; other
receipts, $160— total, $5,890. Payments: Interest on debt, $2,785 ; taxes, $473 ; total, $3,259. Surplus, $2,632;
deficit forward, $1,281 : net surplus, $1,351.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $330,000 ; funded debt (1st mtge. 6
p. c. bonds, issued Nov. 14, 1894 ; interest quarterly [auth., $20,000], $15,000 ; 2d mtge. 6 p. c. bonds, issued Aug.
1, 1895, $15,000), $30,000 ; bills and accounts, $15,210 ; profit and loss, $1,351— total, $376,561. Contra : Cost of
road, etc., $376,048; accounts, $510— total, $376,561.

Directors (elected Jan. 24, 1898).— Spencer S. Bnllis, Olean, N. Y.; Clinton V. Merrick, W. W. Bell, Brad-
ford, Pa. ; Geo. W. Conklin, Susqnehanna, Pa. ; Orrin P. Stockwell, Attica, N. Y. ; John E. Mason, F. J. Schwab,
North Java, N. Y.; G. A. Barnes, Arcade, N. Y.; J. W. Jones, Johnsonbnrg, N. Y. OFFICERS: S. S. BULLIS,
Pres., Olean, N. Y.; C. V. Merrick, Vice-Pres.; W. W. Bell, Sec. «fe Treas., Bradford, Pa. GENERAL OFFICE,
Olean, N. Y.

BUFFALO CHEEK BB.— William St. to Peck Slip, Buffalo, N. Y., 4.18 m • branches. Oil Hennery.
0.83 m. ; Lake Erie, 0.81 m.— total, 5.82 m. ; total track (steel, 12.35 m.), 16.87 miles. Rail, 58 and 80 Ibs. Gauge,
4 ft. 8i in. Incorp. Jan. 25, 1869 ; road opened in June, 1870. Leased Dec. 31, 1889, for the term of its charter,
less one day, to the Erie and the Lehigh Valley Ry. Cos.

Income Account, year ending June 30, 1897.— Rental, $44,900. Contra: Interest on funded debt, due and
accrued, $26,900 ; general expenses, $629 ; dividends (7 p. c.), $17,500— total, $45,029. Deficit, $129.

Financial Statement, June 30, 1897. -Capital stock ($100 shares), $250,000 ; funded debt (1st mtge. (.
p. c. 25 yr. $1,000 registered bonds, due Jan. 1, 1907, interest Jan. and July, $250,000 ; 2d mtge. 5 p. c. 50-yr. $1,000
coup, bonds, due Jan. 1, 1941, interest Jan. and July, $238,000), $488,000 : profit and loss, $938— total, $738,938
Contra: Cost of property, $736,930 ; cash, $2,008— total, $738,988. The authorized amount of 2d mtge. bonds it.
$1,000,000, of which $250,000 are reserved to retire the Ists at maturity.

POOR'S MANUAL OF RAILROADS.

65

Directors.— Charles H. Coster, E. B. Thomas, John G. McCullough, Geo. M. Gumming, New York, N. Y.;
Alfred Walter, John B. Garrett. Philadelphia, Pa.: Win. H. Sayre, So. Bethlehem, Pa. OFFICERS : CHARLES H.
COSTKU, Pres., New York, N. Y. ; Wm. H. Sayre, Sec. <k Treat., So. Bethlehem, Pa. GENERAL OFFICE : So.
Bethlehem, Pa.

BUFFALO CREEK TRANSFER RR.— In Buffalo, N. Y., 1.10 m. ; total track (steel. 1.10 m.), 1.60
miles. Rail, 60 Ibs. Gauge, 4 ft. 8± in. Chartered, June 23, 1881. Stock all owned by Frank Williams & Co.;
road leased to that flrm for operating expenses, and used for its own business exclusively. Locomotives, 2.

Financial Statement, June 30, 1897.— Capital stock (auth., $50,000 ; par, $100), $5,000 ; real estate mtges.,
$45.200— total, $50,200. Contra: Cost of road, $4,000; real estate, etc., $46,000; materials and cash, $200—
total, $50,200.

Directors (elected June 28, 1897).— Horace A. Noble, John R. Williams, Robert H. Williams, C. C. Mc-
Donald, P.P. Williams, J. W. Noble, A.H.Williams, Buffalo, N. Y. OFFICERS: HORACE A. NOBLE, Pres.;
J.R.Williams, Treat.; A. H. Williams, Sec.; R.H.Williams, Gen. Supt., Buffalo, N. Y. GENERAL OFFICE,
Buffalo, N. Y.

BUFFALO, ST. MARY'S AND SOUTHWESTERN RR.-Clermont to Hyde, Pa., 45.67 m.;
branch: main line to St. Mary V, Pa., 0.62 m.— total, 46.29 miles. Trackage, Erie RR., Hyde to Shawmut, Pa.,
4.85 m.— total operated, 51.14 miles. Gauge, 4 ft. 8J in. Rail (steel), 70 and 75 Ibs. Consolidation, Jan. 28, 1897,
of the St. Mary'a and Southwestern RR. Co., owning the line from St. Mary's to Hyde, Pa., 20.27 miles (built in
1893), and the Buffalo and St. Mary's RR. Co., owning the line from St. Mary's to Clermont. Pa., 25.4 miles (built
in 1895-96). For history of the former company see MANUAL for 1896,p. 101. Connects at Clermont with the W.
N. Y. & P. RR., and at St. Mary's with the Philadelphia and Erie RR. Locomotives, 5. Cars— passenger, 2 ;
freight, 258 ; other, 2— total, 262.

Operations, year ending June 30, 1897.— Trains run (passenger, 19,650: freight, 29,172), 48,882 miles. Pas-
sengers carried, 6.571 ; carried one mile, 80,443. Tons moved, 159,594 ; ton-miles, 5,416,132. Earnings (passenger,
$2,411; freight, $102,819 ; other, $56), $105,286. Operating expenses, $44,267. Net earnings, $61,019. Total de-
ductions, $54,929. Surplus, $54,930.

Financial Statement, June 30, 1897. — Capital Stock (shares, $50), $1,000,000 ; funded deht (5 p. c. 30-yr.
$1,000 gold coup, bonds, due Feb. 1, 1927, interest Feb. 1 and Aug. 1 ; auth. $1,000,000), $268,000 ; accrued interest
on bonds, not yet payable, $5,583; bonds not yet issued, $732,000; profit and loss, $54,930— total, $2,086.501.
Contra: Cost of road, etc., $2,037,978. Cash and current assets, $48,521— total, $2,086,501. Interest on bond*
payable at the office of the trustee. Central Trust Co., New York, N. Y.

Directors (elected Jan. 8, 1898).— B. Frank Hall, J. K. P. Hall, Andrew Kanl, G. C. Simons, B. E. Wellen-
dorf, John Kanl, J. M. Schaefer, St. Mary's, Pa. OFFICERS : B. FRANK HALL, Pres.; J. K. P. Hall, Vice-Pres.
<fe Sec.; G. U. Simons, Treas.; Andrew Kaul, Gen. Man., St. Mary's, Pa. GENERAL OFFICE, St. Mary's, Pa.

CAMMAL AND BLACK FOREST RY.— Cammal to Lycoming-Tioga County Line, 21.4 m. ;
branch, Pump Station to Tombs, 2.25 m.— total, 23.65 miles. Gauge. 4 ft. 8} in. Rail (steel), 60 and 65 Ibs.
Chartered March 14, 1894; main line opened as above July 1, 1895, and branch in Nov., 1896. This company uses
2.25 miles of the old roadbed of the Trout Run RR. Locomotives (leased, 1), 2. Cars— passenger, 3; freight
(box, 3; flat, 18), 21— total cars, 24.

Operations, year ending June 30, 1897.— Trains run (freight, 7,200 ; mixed, 15,697), 22.897 miles. Passen-

fers carried, 1,220 ; carried one mile, 26,108. Tons moved, 61,565 ; ton-miles, 1,317,497. Earnings (passenger,
338: freight, §29,821), §30,159. Operating expenses, $19,932. Net earnings, $10,227.

Financial Statement, June 30, 1897.— Capital stock (auth., $150,000 ; shares, $100), $75,000 ; funded
debt (bond held by Fall Brook Ry. Co., no interest), $2fi,000 ; current accounts, $1,058 ; profit and loss, $7,314—
total, $109,372. Contra: Cost of road, etc., $99,787 ; materials, etc., $2,271 ; cash and current assets, $7,314—
total, $109,372.

Directors (elected March 15, 1897).— R. McCullongh, J. S. Childs, J. Wood, Wm. R. Peoples, Jersey Shore,
Pa.; Daniel Shepp, Tamaqua, Pa.; H. S. Childs, W. C. Wood, Cammal, Pa.; Wm. Boyer, Lock Haven, Pa.
OFFICERS: R. MCCULLOUGH, Pres., Jersey Shore, Pa.; D. Shepp, Vice-Pres., Tamaqua, Pa.; Jos. Wood,
Sec. cfe Treat.; J. S. Childs, Gen. Man., Jersey Shore, Pa. GENERAL OFFICE, Cammal, Pa.

CATSKILL MOUNTAIN RY.— Catskill to Palenville, N.Y., 15.75 m. ; Cairo RR. (leased— see below),
3.77 m.— total, 19.52 m. ; sidings (owned, 1.31 m • leased, 0.55 m.), 1.86 miles. Rail (steel), 40 Ibs. Gauge, 3 feet.
Incorp. July 2, 1885, as successor to the Catskill Mountain RR. Co. (See MANUAL for 1887.) Locomotives
(owned, 3 ; leased, 1), 4. Cars— passenger, 12 ; baggage, etc., 4 ; freight (box, 3; flat, 5 ; coal, 5), 13 ; caboose, 1
—total, 30.

Operations, year ending June 30, 1897.— Trains run (freight, 11,200 ; mixed, 33,016), 44,216 miles. Passen-
gers carried, 39,083 ; carried one mile, 530,007. Tons moved, 60,723 ; ton-miles, 850,122. Earnings (passenger,
$32,118; freight, $17,514 ; other, $384), $50,016. Operating expenses, $35,456. Net earnings, $14,560 ; other re-
ceipts, $134— total, $14,694. Payments : Interest on bonds, $3,844 ; taxes, $1,420 ; rentals (Cairo RR.), $2,944 ;
other payments, $770— total, $8,978. Surplus, $5,715 ; surplus forward, $52,302— total, $58,017.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $89,000 ; funded debt ($50,000 1st
mtge. 5 p. c. 20-yr. $1,000 coup, bonds, due Aug. 1, 1905, interest Feb. and Aug.; $238,000 1st income 6 p. c. 30-yr.
$100 and $500 reg. bonds, due Aug. 1, 1915, interest Feb. and Aug. ; $15,600 2d income 6 p. c. 30-yr. $100 and $500
reg. bonds, due Aug. 2, 1915, interest Feb. and Aug.), $303,600. Accounts, etc., $6,190; profit and loss, $58,017—
total, $456,^03. Contra: Cost of property, $444,090; materials, $4,332; cash, $2,296; accounts, etc., $6,089— total,
$456,808. Trustee of bonds : Frederick Hill, Catskill, N. Y. First incomes have voting power, and are entitled
to interest up to 6 p. c., after payment of interest on 1st mtge. bonds and cost of all improvements. Interest
payable at the Tanners' National Bank, Catskill, N. Y.

mtge. 6 p. c. 20-yr. bonds, dated May 1, 1885. in-
terest May and Nov., $25,000; Interest accrued. $250;
profit and loss, $831— total. $50,481. Contra: Cost of
property, $48,783; other assets, $1,698— total, $50,-
481. Interest and dividends payable at Catskill, N. Y.
Lewis Wolfe, Pres., Athens, N. Y. ; Frederick Hill,
Treas.; Wm. J. Hughes. Sec., Catskill, N. Y. Cor-
porate Ofliee, Catskill, N. Y.

CAIRO RR.— Cairo to Cairo June., N. Y., 3.77
m.; total track (steel; 40 lbs.\ 4.32 miles. Gauge,
3 ft. Chartered April 10, 1884; opened July 1, 1885.
Leased to the Catskill Mountain Ry. Co. Rental,
1896-7, $2,944. Payments: Interest on bonds. $1,500;
dividends (6 p. c.), $1,464; expenses, $76— total,
$3,040. Deficit, $96. The company owns 1 locomo-
tive. Financial Statement, June 30, 1897.— Capital
Btock (auth., $25,000), $24,400; funded debt, 1st

» Direptors, C. M. Ry. Co. (elected June 15, 1897).— A. Van Santvoord, E. E. Olcott, New York, N. Y. ; C. L.
Beach, Orrin Day, Isaac Pruyn, Frederick Hill, John H. Bagley, G. H. Beach, Chas. Beach, W. I. Jennings, C.
A. Beach, Catskill, N. Y.; Geo. M. Snyder, West Hoboken, N. J.; C. L. Rickerson, Brooklyn, N. Y. OFFICERS:
A. VAN SANTVOORD, Pres., New York, N. Y. ; C. L. Beach, Vice-Pres.; Orrin Day, Treas.; C. A. Beach, Sec. &
Gen. Supt., Catskill, N. Y. GENERAL OFFICE, Catskill, N. Y.

CENTRAL NEW YORK AND WESTERN RR.-J/ain Line : Belfast to Wayland, N. Y. (4 ft.
.8i in.) 42.11 m.; Olean to Angelica, N. Y. (3 ft.), 39.74 m.; leased, R., H. & L. RR.; Hornellsville Junction to

5

66 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Hornellsville, N. Y., 10.13 m.— total, 90.98 miles. In operation : Olean to Bolivar (3 ft.), 18 m.; Angelica to Way-
land (4 ft. 8i in.), 34.01 m. ; leased, R., H. & L. RR. (as above), 10.13. m.- total, 62.74 miles. Sidings (owned, 5.31
m. ; leased, 1.61 m.), 6.92 miles. Rail— iron, 30 and 35 Ibs. ; steel (owned, 34.61 m. ; leased, 10.13 m.), 40 and 56 IDS.
For history of this company, see MANUAL for 1896, p. 71. Only those sections of the company's lines from Olean
to Bolivar, 18 m.; from Angelica to Wayland, 34.61 m., and from Hornellsville Junction to Hornellsville, 10.13
m., are in operation ; those from Bolivar to Angelica, 21.24 m., and from Belfast to Angelica, 7 m., are not in
operation. Locomotives (leased, 9), 11. Cars— passenger, 10; baggage, mail, and express, 3; freight (box, 22 ;
flat, 42 ; coal, 21 ; stock, 3), 88 ; caboose, 1— total cars, 102.

Operations, year ending June 30, 1897.— Trains run (passenger, 67,458 ; mixed, 70,738), 138,196 miles. Pas-
sengers carried, 106,991 ; carried one mile, 1,107,840. Tons moved, 74,278 ; ton-miles, 1,274,283. Earnings (pas-
senger, $29,003 ; freight, $42,636 ; other, $2,295), 873,933. Operating expenses, $63,760. Net earnings, $10,173.
Payments : Interest on bonds, $12,100 ; other interest, $610 ; taxes, $3,535 ; total, $16,245. Deficit, $6,071 ;
deficit forward, $27,982— total, $34,054.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,000,000 ; funded debt (1st mtge.
5 p. c. 50-yr. $1,000 reg. bonds, dne Jan. 1, 1943, interest Jan. and July), $242,000 ; bills payable, $61,791 ; accounts,
$148,580 ; interest due July 1, $6,050— total, $1,458,421. Contra : Cost of road, etc., $1,406,658 ; cash, $658 ; ac-
counts, $11,676; materials, etc., $5,377; profit and loss, $34,054— total, $1,458.421. The authorized amount of
bonds is $1,000,000, of which $758,000 are unissued, and can only be used in the acquisition or construction of
extensions, the purchase of additional equipment , and the betterment and repair of the existing roadbed, including
change from narrow to standard gauge. Trustee : Central Trust Co., New York City, at whose office interest is
payable.

Directors (elected Dec. 6, 1897).— John Byrne, Francis R. Pemberton, Camille Weidenfeld, C. Walter Artz,
Frederic H. Ridgeway, Geo. B. Sheppard, Lewis F. Wilson, New York, N. Y.; Frank S. Smith, Henry S. Hastings,
Angelica, N. Y.; Logan C. Newsome, Columbus, O.; Frank P. Byrne, Detroit, Mich.; William M. Smith, Red
Lands, Cal.; Henry F. Granger, Hornellsville, N. Y. OFFICERS : JOHN BYRNE, Pres. & Gen. Man., New York,
N. Y.; Frank S. Smith, Vice-Pres. & Gen. Counsel, Angelica, N. Y.; Lewis F. Wilson, Sec.; Francis R. Pem-
berton, Treas., New York, N. Y.; Henry S. Hastings, Aud., Angelica, N. Y. GENERAL OFFICE, Angelica, N. Y.

CENTRAL, PENNSYLVANIA AND WESTERN RR.-Watsontown to Orangeville, Pa.,
31 m.; total track (steel; 61 Ibs.), 33 miles. Gauge, 4 ft. 9 in. Consol., Feb. 1, 1893, of the Wilkesbarre and West-
ern Ry. Co. with the Turbotville and Williamsport, and the Orangeville and Lehigh RR. Cos: Projected from
Newberry June. (Williamsport) to a connection with the Wilksbarre and Eastern RR., near Houser Mill, Monroe
Co., Pa. Locomotives, 2. Cars— passenger, 2 ; box, 5 ; flat, 3— total, 10.

Operations, year ending June 30, 1897.— Trains run (mixed), 42,510 miles. Passengers carried, 16,482.
Tons moved, 19,467; ton-miles, 315,614. Earnings (passenger, $5,082; freight, $11,601; other, $1,795), $18,478.
Operating expenses, $18,442. Net earnings, $36.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $5,620,650 ; funded debt (1st mtge.
5. p. c. 50-yr. $1,000 gold coup, bonds, due 1943, interest May and Nov., auth., $5,000,000), $620,000 ; bills payable
and loans, $5,740 ; current liabilities, $155,000— total, $6,401,390. Contra ; C6st of road, $6,240,650 ; materials, etc.,

f 1,180: profit and loss, $159,560— total, $6,401,390. Trustee of bonds : New York Security and Trust Co., New
ork, NY.

Directors (elected Jan. 11, 1898).— James Kerr, Clearfield, Pa.; Morris Liveright, Philadelphia, Pa.; Ben-
jamin S. Harmon, Stephen Peabody, New York, N. Y.; Eugene R. Payne, Williamsport, Pa.; N. N. Betts, To-
wanda, Pa. OFFICERS : RUDOLPH T. McCABE, Pres., New York, N. Y.; Eugene R. Payne, Vice-Pres., Williams-
port, Pa.; James B. Bach, Treas.; Wm. R. Heath, Sec., New York, N. Y. GENERAL OFFICE, 29 Broadway, New
York, N. Y.

CENTRAL RR. CO. OF PENNSYLVANIA.-Pr^cferf ; Lamar to White Deer, Pa., 35 miles.
Completed: June 30, 1897: Bellefonte to Mill Hall, 27.3 m.; sundry branches, 4.0 m.— total, 31. 3 miles. Gauge,
4 ft. 8} in. Rail (steel), 70 Ibs. Chartered June 24, 1891, completed as above during the past year. Connects with
the Beech Creek RR. at Mill Hall, and with the Penna. RR. at Bellefonte. Locomotives, 3. Cars— passenger, 6 ;
freight, 9 ; other, 2— total, 17.

Operations, year ending June 30, 1897. — Trains run (passenger, 48.353 ; freight, 35,964), 84,317 miles. Pas-
sengers carried, 72,390 ; carried one mile, 850,560. Tons moved, 65,155 ; ton-miles, 865,729. Earnings (passenger,
$16,224 ; freight, $16,503 ; other, $147), $32,874. Operating expenses, $40,671. Deficit from operations, $7,797.
Total deductions, $51,399. Deficit, $59,1%.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), authorized and paid in, $1,200,000;
funded debt (1st mtge. 6 p. c. $500 and $1,000 coup, bonds, dated May 1, 1893, interest May 1 and Nov. 1, auth.,
$1,200,000), $600,000 ; real estate mtges, $2,500 ; current liabilities, §199,557 ; interest on bonds not yet payable,
$6,000— total, $2,008,057. Contra: Cost of property, $1,042,201 ; lands owned, $11,000 ; materials, etc., $3,000 ;
cash and current assets, $1,000 ; advances for construction, $801,579 ; profit and loss, $149,277— total, $2,008,057.
The bonds outstanding are secured by mtge. on the line from Bellefonte to Mill Hall, 27.5 miles. Trustee : Fidel-
ity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa., at whose office interest is payable.

Directors (elected Jan. 10, 1898).— Walter L. Ross, Wm. J. McHugh, Edward L. Welsh, Charles O. Kruger,
Philadelphia, Pa.; Robert Vallentine, Bellefonte, Pa.: Charles W. Wilhelm, Reading, Pa.; Charles M. Clement,
Sunbury, Pa. OFFICERS : WALTER L. Ross, Pres., Philadelphia, Pa.; Charles W. Wilhelm, Vice-Pres., Reading,
Pa.; Wm. J. McHngh, Treas. & Sec., Philadelphia, Pa. GENERAL OFFICE, 304 Walnut Street, Philadelphia, Pa.

CHATEAU GAY RR.— Dannemora. to Lyon Mountain, N. Y., 18.01 m.; leased, Chateaugay Ry. (see
below), 38.89 m.; Plattsbutgh and Dannemora RR., Plattsburgh to Dannemora, N. Y., 15.92 m.— total operated,
72.82 miles. Sidings (leased, 1.24 m.), 10.95 miles. Gauge, 3 ft. Rail (steel), 46 to 65 Ibs. Chartered May 30,
1879. Road from Plattsburgh to Dannemora, built by the State, opened July 1, 1879; from Dannemora to Lyon
Mountain, built by company, opened March 1, 1880. The State road is operated at a rental of $1 per annum, the
company to haul supplies to the State prison free of charge. On Dec. 19. 1896, this company, jointly with the
Chateaugay Ore and Iron Co., leased the Saranac and Lake Placid RR. for 17 years from Jan. 1, 1897, at an annual
rental equal to 35 p. c. of the gross receipts of the road, and one-half of the net profit of the transfer at Lake
Placid, with a minimum guarantee of $7 ,200 per annum (see GENERAL INTJEX for statement of the Saranac and
Lake Placid RR. Co.). Locomotives, 12. Cars— passenger, 10; baggage, etc., 4; freight (box, 44; flat, 139; coal,
18; caboose, 3), 204; other, 328— total, 546. Of which, leased— 3 locomotives, 3 passenger and 6 box cars.

Operations, year ending June 30, 1897.— Trains run (passenger, 91,396; freight, 93,900), 185,296 miles.
Passengers carried, 32,205; carried one mile, 978.904. Tons moved, 76,928; ton-miles, 1,184,157. Earnings (pas-
senger, $35,309; freight, $63,860; other, 89,601), $108,770. Operating expenses, $117.529. Deficit from operation^,
$8,759. Charges: Rentals (C. Ry., $12,000; P. & D. RR., $1), $12,001; taxes, $3,998— total, $15,999. Deficit,
$24,758.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $75,003; current accounts, $111,825;
rentals, $12,000; inventory, road and equipment above capital stock, $303,534— total, $502,359. Contra: Cost of
road, $252,656; equipment, $198,927; materials, etc., $18,671; accounts, $7,347; profit and loss, $24,758— total,
$502,359.

POOR'S MANUAL OF RAILROADS.

67

CHATEAUGAY RY.— Lyon Mountain to Saranac
Lake, N. Y., 38.89 miles. Rail (steel), 45 to 65 Ibs.
Chartered April 2, 1886; opened throughout, Dec. 5,
1388. Leased to the Chateaugay RR. Co.; rental,
interest on bonds. Capital stock (shares, $100),
$168,000; funded debt, 1st mtge. 6 p. c. 20-yr. bonds,
dated Aug. 1, 1887, interest Feb. and Aug., at Farm-

ers' Loan and Trust Co., New York, $200,000— total,
representing cost, $368,000. Bonds are guaranteed,
principal and interest, by the Delaware and Hudson
Canal Co. Smith M. Weed, Pres., Plattsburgh,
N. Y.; Talbot Olyphant, Treas., New York, N. Y.;
Geo. S. Weed, Sec., Plattsburgh, N. Y. General
Office, Plattsburgh, N. Y.

Directors (C. RR. Co.).— Smith M. Weed, J. N. Stower, P. E. Smith, Plattsburgh, N. Y. OFFICERS:
SMITH M. WEED, Pres.; Frank E. Smith, Vice-Pres.; Talbot Olyphant, Treas.; Geo. 8. Weed, Sec.; J. N. Stower,
Gen. Man., Plattsburg, N. Y. GENERAL OFFICE, Plattsburgh, N. Y.

CLARION RIVER RY.— Crysland to Hallton, Pa., 12 miles. Rail (steel), 60 Ibs. Gauge, 4ft. 8i in.
Chartered Dec. 17, 1889; road opened, 1892. Locomotive, 1. Care— passenger, 3; flat, 8 — total, 11.

Operations, year ending June 30, 1897.— Tons moved, 90,487. Earnings (passenger, $2,397; freight,
$35.361 ; other, 833), $37,790. Operating expenses, $20,786. Net earnings, $17,004. Payments : Dividends (9
p. c.), $10,800; other payments, $3,461— total, §13,261. Surplus. $3,743; surplus forward, $29, 158— total, $32,901.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $120,000; current liabilities, $8,000;
profit and loss, $33,901— total, $160,901. Contra; Cost of property, $154,936; cash and accounts, $5,965— total,
§160.901. Dividendspayable semi-annually; six paid to date.

Directors.— W. H. Hyde, J. K. Gardner, J. K. P. Hall, W. H. Osterhout, H. A. Hill, Ridgway, Pa. ; Andrew
Kanl, St. Mary's, Pa.; Wilson Kistler. Lock Haven, Pa. OFFICERS: W. H. HTDK, Pres.; J. K. Gardner, Vice-
Pres.; J. K. P. Hall, Sec. & Treas.; H. A. Hall, Gen. Man., Ridgway, Pa. GENERAL OFFICE, Ridgway, Pa.

CONNECTING TERMINAL RB.-In Buffalo, N. Y., 1 mile. Rail, 60 Ibs. Gauge, 4 ft. 8f in.
Chartered June 7, 1881 ; road opened in 1883. Built to supply terminal facilities for through lines of railway.

Operations, year ending June 30, 1897.— Tons moved one mile, 583,854. Earnings (freight), $117,919.
Operating expenses, $54,554. Net earnings, $63.366. Payments: Interest on bonds, $25,000; other payments,
$8,366— total, §33,366. Surplus, $30,000; surplus forward, $7,486— total ($37,486, less charged off for depreciation,
§31,318), $6,168.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $20,000; funded debt (1st mtge. 5 p. c.
reg. 20-yr. bonds, due 1903), $500,000; loans, bills payable, etc., $216,569; profit and loss, $6.168— total, $743,737.
Contra : Cost of road, §559,903; accounts, $181,395; cash, $1,440. Stock owned 30 days is entitled to vote. Trus-
tee of bonds: Phila. Trust, Safe Deposit and Ins. Co. Interest payable May and Nov., at Co.'s office.

Directors (elected May 20, 1897).— James C. Evans, Edwin T. Evans, Buffalo, N. Y.; Frank Hoffman, Geo.
B. Bonnell, John E. Payne, Frank J. Firth, Wra. H. Barnes, Philadelphia, Pa.; Wm. M. Potts, Wyebrooke, Ches-
ter Co., Pa.; Benjamin Thaw, Pittsburgh, Pa.; Frank Staley, F. L. Potts, P. R. Perkins, 8. F. Houston, Phil-
adelphia, Pa. OFFICERS: FRANK J. FIRTH, Pres., Philadelphia, Pa.; Edwin T. Evans, Vice-Pres., Buffalo,
N. Y.; Frank Staley, Sec.; P. R. Perkins, Treas., Philadelphia, Pa. GENERAL OFFICE, 26 South Fifteenth St.,
Philadelphia, Pa.

COOPERSTOWN AND CHARLOTTE VALLEY RR.— Charlotte Crossing to Davenport Cen-
ter, N. Y., 5.08 m.; C. & S. Vy. RR. (leased, see below), 19.48 m.— total. 24.56 m.; total track (steel ; 56 Ibs.),
28.00 miles. Gauge, 4 ft. 8| in. Consolidation, April 13, 1891, of the C. & C. Vy. and the West Davenport RR.
Cos. (See MANUAL for 1891.) Equipment (leased): Locomotives, 3. Cars — passenger, 3 ; baggage, etc., 1 ; com-
bination, 1 ; freight (box, 6 ; caboose, 8 ; other, 11)— total, 30.

Operations, year ending June 30, 1897.— Trains run (passenger, 37,440 ; freight, 16,294), 43,734 miles.
Passengers carried, 51,550; carried one mile, 612,641. Tons moved, 81,436 ; ton-miles, 400,343. Earnings (pas-
senger, $23,272 ; freight, $27,422 ; other, $2,830), $52,528. Operating expenses, $41,210. Net earnings, $11,318 ;
other receipts, $530— total, $11,848. Payments : Interest on debt, $636 : taxes, $1,924 ; rental (C. & S. Vy. RR.),
$9,960 ; other payments, $2,700— total, $15,220. Deficit, $3,372 ; deficit forward, $7,791— total, $11,163.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $45,000 ; bills payable, $12,700 ;
accounts, $267 ; dne C. & S. V. RR. Co. Jan. 1, 1990, $25,145— total, $83,112. Contra ; Cost of road, etc., $70,-
145 ; accounts, $842 ; cash, $962 ; profit and loss, $11,163— total, $83,118. The issue of $45,000 bonds authorized
April 15, 1891, but none sold, has been revo'rcd and the bonds destroyed. (See MANUAL for 1896, p. 74.)

COOPERSTOWN AND SUSQUEHANNA VAL-
LEY RR.— Cooperstown to Charlotte Crossing, N. Y.,
19.48 m.; total track (steel, 19.48 m.), 22.79 miles.
Rail, 56 Ibs. Locomotives, 3; cars, 30. Chartered
Feb. 25, 1865; road opened to Cooperstown, July 14,
1869; extension to Charlotte Crossing in 1889. Leased
for 99 years, from Jan. 1, 1889, to the C. & C. Vy.
RR. Co., which guarantees Interest on bonds. Fi-
nancial Statement, June 30, 1897.— Capital stock
(shares, $100), $307,400; funded debt (1st mtge. 6

p. c. 30-yr. bonds, dated May 1, 1888, Interest May
and Nov.; auth., $200,000), $199,600; interest due
and accrued, $20; profit and loss, $89,423— total, $596,-
443. Contra: Cost of property, $571,298; other assets,
$25,145— total, $596,443. Interest payable at Coopers-
town, N. Y. Trustees of bonds: Andrew Davidson,
William Brooks, Charles K. McHarg. Officers: Hor-
ace Lathrop. Prea.; Albert Lane, Vice-Pres.; S. J. W.
Reynolds, Sec. & Treas. Corporate Office, Coopers-
town, N. Y.

Directors, C. & C. V. RR. Co. (elected Dec. 28, 1897).— D. E. Siver, J. K. Leaning, J. W. Lamb, C. R. Burch,
H. L. Cooke, M. C. Bnndy, E. S. Bundy, Geo. Brooks, J. W. Tucker, T. S. Blodgett, W. P. K. Fuller, F. E.
Whitbeck, Cooperstown, N. Y.; Robert Orr, West Davenport, N. Y. OFFICERS : DATUS E. SIVER, Pres. &
Treas.; J. K. Leaning, Vice-Pres.; F. E. Whitbeck, Sec. & Aud., Cooperstown, N. Y. GENERAL OFFICE, Coop-
erstown, N. Y.

CORNWALL RR.— Lebanon to Mount Hope, Pa., 12.67m.; 2d track, 3m.; sidings, 12.71 m.— total track
(steel, 21.39 m.), 28.38 miles. Rail, 60 and 70 Ibs. Gauge, 4 ft. 8J in. Chartered May 25, 1850 ; road opened Jan.,
1854. (See MANUAL for 1893.) Locomotives, 5. Cars— passenger, 9 ; other, 46 — total, 55.

Operations, year ending June 30, 1897.— Trains run (passenger, 33,160 ; freight, 11,034), 44,194 miles.
Passengers carried, 73.343 ; carried one mile, 440,058. Tons moved, 108,301 ; ton-miles, 649,808. Earnings (pas-
senger, $11,194 ; freight, $20,197 ; other, $1,401), $32,792. Operating expenses, $47,549. Deficit from operations,
$14,757. Payments: Interest on debt, $767 ; taxes, $2,682— total, $3,450. Deficit, $18,207; surplus forward,
$512,867 ; net surplus, §494.660.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $400,000 ; bills payable, $20.000 ;
current accounts, $874 ; profit and loss, $494,660— total, $915,534. Contra : Cost of property, $867,636 ; real estate,
etc., $44.419 ; cash, $3,479— total, $915,534.

Directors (elected Jan. 3, 1898).— Wm. C. Freeman, E. C. Freeman, R. P. Alden, B. H. Buckingham,
Cornwall, Pa. OFFICERS : B. H. BUCKINGHAM, Pres.; A. M. Patch, Treas.; Wm. C. Freeman, Sec., Cornwall, Pa.
GENERAL OFFICE, Lebanon, Pa.

CORNWALL AND LEBANON RR.— Conewago to Lebanon, Pa., 21.66 m.; Cornwall to Ore banks,
1.17m.; Lebanon to North Lebanon, 0.34m.; Lebanon to East Lebanon, 1.72 m.— total, 24.89 miles; 2d track,
12.50 m.— total track (steel ; 60 to 85 Ibs.), 46.05 miles. Gauge, 4 ft. 8J in. Consol., June 1, 1886, of the C. & L.
and the Colebrook Vy. RR. Cos. (See MANUAL for 1891.) Locomotives, 10. Cars— passenger, 16 ; baggage, etc.,
1 ; freight (flat, 19 ; coal, 500), 519 ; caboose, 3 ; other, 23— total, 562. The coal cars are held under car trusts.

68 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Operations, year ending June 30, 1897.— Trains run (passenger, 62,465 ; freight, 39,174 ; other, 57,928),
159,567 miles. Passengers carried, 96,31K ; carried one mile, 1,080,575. Tons moved, 742,423 ; ton-miles, 9,890,670.
Earnings (passenger, $19,1(.;4 ; freight. $151,045 ; other, £3,910), $174,149. Operating expenses, $96,293. Net
earnings, $77,856. Payments : Interest on bonds, $38,320 ; dividends (2 p. c. Feb. 1, 1897, $16,000 ; 1 p. c. Aug.
1, 1897, $8,000), $24,000 ; taxes, $8,174 ; other payments, $11,189— total, $81,684. Deficit, $3,828 ; surplus forward,
$96,775 ; net surplus, $92,947.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $800,000 ; funded debt (1st mtge. 5 p. c.
30-yr. $100. $250, $500, and $1,000 reg. bonds, due April 1, 1921, interest April and Oct.; auth., $800,000), $766,400;
current accounts, $6,631; interest accrued, not due, $9,580; profit and loss, $92,947— total, $1,675,558. Contra:
Cost of road, $1,391,773 ; equipment, $193,338 ; real estate, etc., $30,250 ; materials, etc., $1.456 ; bills receivable,
$13,044; accounts, $28,908; cash, $16,789— total, $1,675,558. Interest payable at company's office. Trustees of
bonds : W. 8. Huber, Jacob H. Kedsecker, and J. P. S. Gobin.

Directors (elected Jan. 10, 1898).— B. Dawson Coleman, E. R. Coleman, J. H. Redsecker, Philip Zieber, C.
Shenk, A. Brady, Lebanon, Pa.; Walter Scranton, New York, N. Y.; Archibald Rogers, Hyde Park, N. Y.
OFFICERS : B. DAWSON COLEMAN, Pres., Lebanon, Pa.; Archibald Rogers, Vice-Pres., Hyde Park, N. Y.; Edward
R. Coleman, Sec.,- Henry W. Siegrist, Treas.; Allen D. Smith, Gen. Supt., Lebanon, Pa. GENERAL OFFICE,
Lebanon, Pa.

COTJDERSPORT AND POUT ALLEGANY RR.— Coudersport to Ulysses, Pa., 40.5m.; branch,
Coudersport to Sweden Valley, Pa., 5 m.— total, 45.5 m.; total track (steel ; 60 and 65 Ibs.), 53.5 miles. Gauge, 4
ft. 8f in. Chartered April 12, 1882 ; road opened from Coudersport to Port Allegany, Pa., 17 m., on Sept. 29, 1882,
•with 3 ft. gauge ; changed to standard in 1889. Extension from Condersport to Ulysses, 23.5 m., opened Nov. 4,
1895. On Jan. 1, 1896, the Coudersport and Pine Creek RR. Co. (owning the line from Coudersport to Sweden Val-
ley, 5 m.), was consolidated with this company. Locomotives. 3. Cars— passenger, 2; combination, 2 ; bag-
gage, 1 ; freight (flat), 51 ; plow, 1— total, 62.

Operations, year ending June 30, 1897.— Trains run (passenger, 51,660 ; freight, 25,830), 77,490 miles. Pas-
sengers carried, 41,881 ; carried one mile, 630,096. Tons moved, 125,652 ; ton-miles, 3,015,648. Earnings (passen-
ger, $20,104 ; freight, $50,329; other, $2,767), $78,199. Operating expenses, $40,676. Net earnings, $32,523. Pay-
ments : Interest on bonds, $12,250 ; other interest, $2,472 ; taxes, $2,110— total, $16,832. Surplus, $15,691 ; sur-
plus forward, $7,090— total, $22,781.

Financial Statement, June 30, 1897.— Capital stock (shares, $100 ; auth., $300,000), $245,000 ; funded
debt (5 p. c. 20-yr. $100 and $1,000 coup, bonds, due June 15, 1916, interest Jan. 15 and July 15) authorized and
issued, $245,000 ; profit and loss, $22,781— total, $539,981. Contra : Cost of road, etc., $536.031 ; cash, $3.549—
total, $539,981. Trustee of bonds : Commonwealth Guarantee Trust and Safe Deposit Co., Harrisburg, Pa., at
whose office interest is payable.

Directors.— A. G. Olmsted, J. B. Benson, B. A. McClure, H. J. Olmsted, R. L. Nichols, Coudersport, Pa.;
B. D. Hamlin, H. Hamlin, Smethport, Pa.; C. S. Carey, H. C. Blakeslee, Olean, N. Y. OFFICERS : JAMES L.
KNOZ, Pres., Coudersport, Pa. ; C. S. Carey, Vice-Pres., Olean, N. Y. ; M.S. Thompson, Treas.; A. B. Mann, Sec.,
Coudersport, Pa. GENERAL OFFICE, Coudersport, Pa.

DANSVILLE AND MOUNT MORRIS RR.-Dansville to Mount Morris, N. Y., and branches
(incl. 3 m. leased), 15.28m.; sidings, 1.75 miles. Gauge, 4 ft. 8i in. Kail (steel, 4 m.), 56 and 60 Ibs. Incorp.
Oct. 21, 1891, as successor to the Erie and Genesee Vy. RR. Co. (See MANUAL for 1893.) Default was made on
interest due May 1, 1894, and a receiver was appointed in June following. Locomotive, 1. Cars— passenger, 2 ;
baggage, 1 ; freight (box), 12— total, 15.

Operations, year ending June 30, 1897. — Trains run, 8,610 miles. Passengers carried, 20,876 ; carried one
mile, 241,588. Tons moved, 34,993. Earnings (passenger, $5,775 ; freight, $9,139 ; other, $679), $15,594. Oper-
ating expenses, $13,825. Net earnings, $1,769. Paid taxes, $906. Surplus, $862 ; deficit forward, $13,188 ; net
deficit, |12,325.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $50,000 ; funded debt (1st mtge. 5 p. c.
40-yr. $1,000 coup, bonds, due Nov. 1, 1931, interest May and Nov., at company's office, New York), $150,000 ;
bills payable, $26,352; receiver's certificates, $8,884— total, $235,236. Contra : Cost of road, etc., $211,059 ; 1st
mtge. bonds pledged as security for loan, $10,000 ; accounts and cash, $1,852 ; profit and loss, $12,325 — total,
$235,236. Trustee of bonds : Farmers' Loan and Trust Co., New York, N. Y.

Directors (elected Oct. 19, 1897).— Ambrose S. Murray, Jr., New York, N. Y.; Palmer Campbell, Edwin A.
Stevens, Edwin A. S.Lewis. Hoboken,N.J.; C. E. Tolhurst, Rutherford, N. J. ; F. M. Ferine, Chas. Shepard,
Dansville, N. Y. ; Geo. Freiield, Brooklyn, N. Y. ; Bird W. Spencer, Passaic, N. J. OFFICERS: AMBROSE S.
MURRAY, JR., Receiver, 22 William St., New York, N. Y.; PALMER CAMPBELL, Pres.; Edwin A. Stevens, Vtce-
P»-e*.,Hoboken, N. J.; A. S. Murray, Jr., Sec. & Treas., New York, N. Y. GENERAL OFFICE, 22 William St.,
New York, N. Y.

DELAWARE RIVER RR.— Woodbnry to Penn's Grove, N. J., 19.97 m.; total track (steel, 19.97 m.),
22.44 miles. Rail — iron, 60 Ibs.; steel, 56 Ibs. Gauge, 4 ft. 8$ in. Locomotives, 3. Cars— passenger, 4 ; baggage,
etc., 3 ; freight (flat), 5— total, 12. Chartered as Delaware Shore RR. Feb. 20, 1873 ; road opened in 1876. Re-
ceiver appointed Dec., 1877 ; road sold Aug. 8, 1879 ; reorganized Feb., 1881.

Operations. — This company refuses to supply any information.

Financial Statement, June 30, 1895 (latest rendered).— Capital stock (shares, $50 ; auth., $250,000),
$225,000 ; funded debt (1st mtge. 5 p. c. 25-yr. $1,000 reg. bonds, due Nov. 1, 1918, interest Jan., April, July, and
Oct., auth., $250,000), $65,000 ; accounts, $5,308— total, $295,308. Contra: Cost of road, etc., $238,932 ; securities
owned, $4,000 ; cash and cash assets, $25,660 ; profit and loss, $26,717— total, $295,308. Trustees of bonds :
Peter L. Voorhies, William S. Conner.

Directors.— W. S. Conner, Woodbury,N. J.; Alex. Justice, Pedricktown, N. J. ; Henry A. Du Pont, E.
B. Shurter, A. L. Foster, A. G. McCausland, Wilmington, Del.; John S. Gerhard, Philadelphia, Pa. OFFICERS :
WM. S. CONNER, Pres., Treas. & Gen. Man., Woodbury, N. J.; S. T. Miller, Sec., Paulsboro', N. J. GENERAL
OFFICE, Woodbnry, N. J.

DELAWARE, STJSQTTEHANNA AND SCHTJYLKILL RR.-Drif ton to Deringer, 29.13m.;
Deringer toGowen, Pa. (narrow gauge), 1.50m.— total main line, 30.63 m.; branches: Oneida June, to Sheppton,.
9.72 m. ; sundry spurs, etc. (1.64 m. narrow gauge), 7.66 m. — total lines owned, 48.01 miles. Leased : Tamaqua,
ffazleton and Northern RR. (part), 0.41 mile. Trackage : Lehigh Vy. RR., Long Run June, to Breakers, 8.7 m.
and Lumber Yard June, to Perth Amboy, N. J., 124.18 m. ; Cross Creek Coal Co., Harwood June, to Har-
wood Breaker, 1.34 m.— total operated, 182.64 miles. Sidings owned. 25.16 m.; total track owned (steel, 69.81 m.;
iron, 3.36 m.), 73.17 miles. Rail, 60 and 80 Ibs. Ganges, 3.14 m. ; 4 ft. OJ in. ; remainder, 4 ft. 8j in. Chartered
April 14, 1890 ; road opened as above Feb, 15, 1892. Locomotives, 26. Cars— passenger, 1 ; combination, 2 ;
freight (flat, 7 ; coal, 1.513), 1,520; caboose, 16 ; other, 50— total cars, 1,589.

Financial Statement, June 30, 1897.— Capital stock ($50 shares), $1,500,000 ; funded debt (mtge. 6 p. c.
15-yr. $1,000 coup, bonds, dne April 1, 1909, interest April nnd Oct., secured on road and equipment; auth. $1,500,-
000), $600.000 ; accounts, $203,814 ; interest on bonded debt, $9,000; profit and loss, $650,114— total, $2,962,928.
Contra: Cost of property, $2,159,987; materials, etc., $18,491; current accounts, $779,324 ; cash, $5,126— total*

69

$2,962,928. Interest payable at company's office, Philadelphia, Pa. Voting power attaches to stock, immediately
upon transfer. Trustee of bonds: Trust Company of North America, Philadelphia, Pa.

Operations, income, etc., for three years ending June 30 :

1895

1896

1897

1895

1896

1897

Miles RR. Operated. . . .

Passenger Train Miles.
Freight Train Miles —
Mixed Train Miles

182.64

88,187
396,734
2,473

182.64

76,081
436,443

182.64

66,042
329,562

Earnings — Passenger. . .
Freight
Other

Total

9

10,152

1,228,842
2,385

$

9,315
1,206,502
2,636

6,921
1,037,622
659

1,241,379
953,833

1,218,453
999,323

1,045,202
858,826

Other Train Miles

25,174

8,452

2,332

Expenses and Taxes. . .
Net Earnings

Total Train Miles..

Passengers Carried
Passengers One Mile.. .

Tons Freight Moved . . .
Tons Moved One Mile. .

512,568

42,448
352,116

1,971,326
170,783,854

520,976

39,086
335,510

2,113,074
185,869524

397,936

28,813
239,269

1,819.513
157,032,579

287,546
36,000
400,000

219,130
36,000

186,376
36,000

Paid Interest

Dividends

Other Payments

80,901
+ 152,229
352,417
504,646

4,908
+ 145,468
504,646
650,114

Balance ( + or — )

-148,454
500,870
352,416

Surplus Forward

Total Surplus

Directors (elected Jan. 11, 1897). — Alexander B. Coxe, Echley B. Coxe. Jr., Drifton. Pa.; Henry B. Coxe,
Henry B. Coxe, Jr., Irving A. Stearns, New York, N. Y. ; S. P. Wolverton, Sunbnry, Pa. ; Alexander Brown Coxe,
Paoli, Chester Co. Pa. OFFICERS : IRVING A. STEARNS, Pres.; J. Brinton White, Treas,, 143 Liberty St., New
York, N. Y.; Arthur McClellan, Sec., Drifton, Pa. GENERAL OFFICE, Drifton, Luzerne Co., Pa.

EAGLE'S MERE RR.— Sonestown to Eagle's Mere, Pa., 7.9 miles. Rail (steel), 30 IDS. Gauge, 3 ft.
Chartered Sept. 11, 1891 ; road opened as above in 1892. Locomotives, 3. Cars— passenger, 3 : freight (Hat), 3 :
other, 23— total, 26.

Operations, year ending June 30, 1897.— Gross earnings, $9,761. Operating expenses, $4,520. Net earn-
ings, $5,241.

Financial Statement, June 30, 1897.— Capital stock (shares, $50; anth., $100,000), $50,000; funded
debt and time obligations, $73,999 ; current liabilities, $558 ; profit and loss, $2,866— total, $127,423. Contra :
Cost of road, etc., $124,043; cash and current assets, $3,380— total, $127,423. Funded debt consists of 1st mtge. 5
p. c. bonds, dated Aug. 31, 1895, and due Sept. 1, 1925, interest March 1 and Sept. 1, at office of trustee, West
Philadelphia Title and Trust Co., Philadelphia, Pa.

Directors (elected Jan. 10, 1898).— J. R. T. Ryan, C. La Rue Munson, William Emery, Williamsport, Pa.;
H. N. Davis, W. L. Welch, A. G. Smith, E. L. Schaeffer, L. H. Woddrop, David Peoples, Philadelphia, Pa.; C. W.
Woddrop, B. Harvey Welch, Hughesville, Pa. OFFICERS : C. WILLIAM WODDROP, Pres., Hughesville, Pa.; Joel
H. De Victor, 1st Vice-Pres., Philadelphia. Pa.; J. R. T. Ryan, 2d Vice-Pres., Williamsport, Pa.; B.Harvey
Welch, Sec., Treas. & Gen. Man., Hughesrille, Pa. GENERAL OFFICE, Hughesville, Pa.

EAST BROAD TOP RR. AND COAL.— Mount Union to Woodvale, Pa , 31.10 m.; Shade Gap RR.
(leased), Rock Hill to Nancy, Pa., 11.16 m.; Booher Branch Junction to Booher Mine, 2.36m.— total operated, 44.62
miles. Sidings (leased, 1.38 m.) 8.75 miles. Gauge, 3 ft. Rail (steel, 31.10 m.), 40 and 45 Ibs. Chartered April
16, 1856 ; road opened Oct. 15, 1874. Locomotives, 8. Cars— passenger, 13; freight (box, 13 ; stock, 4, flat, 51 ;
coal, 203), 273 ; limestone, 27: other, 8-total cars, 321.

Operations, year ending June 30, 1897.— Trains run (mixed, 99,726 ; other, 21,762), 121,488 miles. Pas-
sengers carried, 74,197; carried one mile, 874,599. Tons moved, 205,031 ; ton-miles, 5,960,734. Earnings (pas-
senger, $13,538; freight, $52,748; other, $3,333), $69,619. Operating expenses, $59,881. Net earnings, $9,738.
Charges : Interest, $22,573 ; rentals, $742 ; taxes, $629— total, $23,945. Deficit, $14,194 ; deficit forward, $188,10(5
—total, $202,299.

Financial Statement, June 30, 1897.-Capital stock, $568,400 common and $247.189 preferred; $50 shares),
$815,589 ; funded debt (see below), $500,000 ; mtge. and loan on equipment, etc. (6 p. c.), $42,889 ; bills payable,
$3,263; accounts, $6,579; interest on bonds, $261,360— total, $1,629,680. Contra: Cost of road, etc., $1,134,189;
stocks and bonds, $91,535; materials, etc., $1,489 ; other property and assets, $1519,418 ; profit and loss, $202,299—
total, $1,629,680. Funded debt consists of 1st mtge. 4 p. c. 30-yr. registered $1,000 bonds, due July 1, 1903, in-
terest Jan. and July ; in default since July, 1885. Capital stock authorized, $1,000,000. Preferred .stock is en-
titled to 6 p. c. dividends before common receives anything. Stock may be voted after sixty days' ownership.
Trustee of bonds : Philadelphia Trust, Safe Deposit and Insurance Co.

SHADE GAP RR.— Eockhlll to Nancy, Pa., I and Oct.), $92,500; surplus. $42— total, $185,142.

11.16 m.; total track (steel; 40 Ibs.), 11.18 miles.
Gauge, 3 ft. Road opened in 1885 and leased to
Bast Broad Top RR. Financial Statement. Nov.
30, 1893 (latest rendered).— Capital stock, $92,600;
funded debt (1st mtge. 6 p. c. bonds, Interest April

Contra: Cost of property. $177,522; stock, etc.. $5,-
261; other assets, $2,359— total, $185,142. Interest
payable at company's office. E. R. Wood, Pres.; C.
R. Wood, Sec. & Treas. Corporate Office, 400 Chest-
nut St., Philadelphia, Pa.

Directors, E. B. T. RR. & Coal Co. (elected Jan. 10, 1898).— Edward Roberts, Jr., William Longstreth,
Edward R. Wood, W. A. Ingham, Calvin Pardee, H. M. Howe, G. Theo. Roberts, Philadelphia, Pa.; John Markle
Jeddo, Pa. OFFICERS : WILLIAM A. INGHAM, Pres.; Edward Roberts, Jr., Vlce-Pfes.; J. E. Haverstick, Sec. <fe
Treas.; Edward Roberts, 3d Auditor, Philadelphia, Pa. GENERAL OFFICE, 320 Walnut Street, Philadelphia, Pa.

EMMITTSBTJRO RR.— Emmittsbnrg to Rocky Ridge, Md., 7.3 m. ; total track (steel, 4.35 m.) 7.6 miles.
Rail (steel, 5 m.), 50 Ibs.; iron, 45 Ibs. Gauge, 4 ft. 8i in. Road opened Nov. 22, 1877. Unofficially reported for
sale under foreclosure on Sept. 11, 1897. Locomotive, 1. Cars— passenger, 1 ; combination, 1 ; freight (box), 1.

Operations, year ending June 30, 1897.— Earnings (passenger, $2,772 ; freight, $4,128 ; other, $751), $7,651.
Operating expenses, $6,696. Net earnings, $955. Total deductions, $1,030. Deficit for year. $75.

Financial Statement, April 15, 18%.— Capital stock (par, $50), $52.500 ; funded debt (6 p. c. $50 and $100
coup, bonds, dated Sept. 6, 1886, due Jan. 1, 1904, interest Jan. and July), $69,350— total, $121,850. Contra : Cost
of road, etc., §110,989 : materials and fuel, $500 ; cash, $120— total, $121,850. Later wfcrrmatior. refused. Stock
may l>e voted after six months' ownership.

Directors.— Jas. A. Elder, John B. Brawner, Joseph Byers, J. H. Nnssear, D. H. Reiman, Emmittsbnrg,
Md.; J. C. Roscnsted, Motters, Md. OFFICERS: JAS. A. ELDER, Pres.; Wm, G. Blair, Treas.; J. W, Reigle,
Sec., Emmittsburg, Md, GENERAL OFFICB, Emmittsburg, Md.

70 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

EMPORIUM AND RICH VALLEY RR.— Emporium to Elk Run, Pa., 10 m.; sidings, etc., 4.5
miles. Rail (steel), 60 IDS. Gauge, 4 ft. 8i in. Chartered Feb. 17, 1891 ; road opened July 1, 1892. Locomotive, I.
Cars — passenger, 1 ; flat, 16 ; log, 40 — total, 57.

Operations, year ending June 30, 1897.— Trains run, 18,400 miles. Passengers carried, 2,271 ; carried one
mile, 21,376. Tons moved, 40,137 ; ton-miles, 27,680. Earnings (passenger, $945 ; freight, $17,514), $18,459.
Operating expenses, $13,475. Net earnings, $4,984. Paid interest, $507. Surplus, $4,477 ; surplus forward, $20,652
—total, $25,129.

Financial Statement, June 30, 1897. -Capital stock (auth., $100,000 ; shares, $100), $85,000 ; bills payable
and loans, $11,460; accounts, etc., $605; profit and loss, $25,129— total, $122,194. Contra: Cost of property,
$121,340 ; cash and accounts, $854— total, $122,194.

Directors (elected Jan. 18, 1898).— Henry Auchu, Joseph Kaye, George A. Walker, Josiah Howard, B. W.
Green, W. H. Howard, J. D. Logan, Emporium, Pa. OFFICERS : HENRY AUCHU, Pres.; Geo. A. Walker, Vice-
Pres.; H. A. Cox, Treas.; J. W. Kaye, Sec.; Josiah Howard, Auditor, Emporium, Pa. GENARAL OFFICE, Em-
porium, Pa.

ERIE AND WYOMING- VALLEY RR.— Lackawaxen to Port Blanchard, Pa., 64.15 m.; branch,
mainline to sundry collieries, 29.59 m.— total, 93.74 miles. Second track, 9.93 m.; sidings, etc., 43.24 miles.
Gauge, 4 ft. 8* in. Rail (steel), 67 and 80 Ibs. Chartered Nov. 6, 1882. The Jones Lake RR. Co. was merged
into this road on June 5, 1895 (see MANUAL for 1895). The line from Lackawaxen to Hawley, Pa., 15.87 m., is
operated under lease by the Erie RR. Co. as its Hawley branch (see GENERAL INDEX), leaving mileage operated
by this company 77.87 miles. Locomotives, 39. Cars— passenger, 14: baggage, etc., 7; freight (box, 10; flat, 30;
coal, 1,087; caboose, 11), 1,138; other, 119— total, 1,278. Of this equipment, 32 locomotives and 1,106 cars (14
passenger, 5 baggage, etc., and 1,087 coal) are leased.

Operations, year ending June 30, 1897.— Trains run (passenger, 68,762; freight, 147,053), 215,815 miles.
Passengers carried, 126,225; carried one mile, 2,812,884. Tons moved, 2,695,714; ton-miles, 75,990,175. Earnings
(passenger, $37,375; freight, $687,180; other, $3,931), $728,486. Operating expenses, $507,995. Net earnings,
$220,490; other receipts, $53,403— total, $273,894. Payments: Interest on bonds, $180,000; other interest, $22,414;
taxes, $4,675— total, $207,088. Surplus, $66,805; surplus forward, $469,403— total, $536,209.

Financial Statement, June 30, 1897.— Capital stock (auth., $3,000,000; shares, $50), $1,500,000; funded
debt (1st mtge. 6 p. c. 30-yr. $1,000 coup, bonds, due July 1, 1913, interest Jan. 1 and July 1, at the company's
oflice), $3,000,000; bills payable, $176,225; current accounts, $94,479; other liabilities, $180,000; profit and loss,
$536,209— total. $5,486,913. Contra ; Cost of road, etc., $5,403,479; cash, $2,763; materials, etc., $9,036; accounts,
$71,635— total, $5,486,913. Trustee of bonds; Farmers' Loan and Trust Co., New York, N. Y.

Directors (elected June 9, 1897).— Geo. B. Smith, A. D. Blackinton, Dnnmo'-e, Pa. ; W. V. S. Thorne, E. B.
Thomas, J. G. McCullough, New York, N. Y.; A. H. McClintock, Wilkesbarre, Pa.: W. A. May, Scranton, Pa.
OFFICERS: GEO. B. SMITH, Pro, <fe Gen. Sunt., Dnnmore, Pa.; W. V. S. Thorne, Vice-Pres. ; Morris B. Mead,
Sec., 1 Broadway, New York, N. Y.; Henry Beyea, Treas., Dunmore, Pa. GENERAL OFFICE, Duumore, Pa.

ETNA AND MONTROSE RR.-Pine Creek to Etna, Pa., 2 miles. Gauge, 4 ft. 8* in. Steel rail ;
weight not reported. Organized May 6, 1896; road opened same year. Locomotives, 3. Cars (freight), 98.

Operations, year ending June 30, 1897.— Earnings (freight), $25,790. Operating expenses, $12,739. Net
earnings, $13,051. Deductions, $10,158. Surplus, $2,893.

Financial Statement, June 30, 1897.— Capital stock, $60,000. Cost of road and equipment, $48,000.

Directors (elected May 11, 1897).— Geo. A. Chalfant, H. Kennedy, Etna, Pa.; J. Painter, Jr., Geo. B.
Painter, Henry Chalfant, Walker C. Steel, John W. Chalfant, Jas. R. Darragh, Allegheny, Pa. OFFICERS: GEO.
A. CHALFANT, Pres.; Jas. R. Darragh, Sec. <k Treas.; H. Kennedy, Gen. Supt., Etna, Pa. GENERAL OFFICE,
Etna, Pa.

FONDA, JOHNSTOWN AND GLOVERSVILLE RR.— Fonda to Northville, N. Y., 26.17 miles.
Gloversville and Broadalbin RR. leased (see below), 6,2 m. — total operated, 32.37 miles. Sidings, 5.12 miles.
Gauge, 4 ft. 8i in. Rail (steel, 20.80 m.), 56 and 70 Ibs. Consol. Jan. 22, 1881, of the F. J. & G. and the Glovers-
ville and Northville RR. Cos. (See MANUAL for 1891.) The Johnstown, Gloversville and Kingsboro' Horse
(electric) and the Cayadutta Electric RRs. are leased to this company, the former for 999 years from Jan. 1, 1894,
and the latter for 999 years from May 1, 1894. These roads are known as the " Electric Division " of this com-
pany. Their earnings and expenses are included herein. The lessee assumes the $50,000 6 p. c. bonds and pays
8 p. c. on the capital stock of the Johnstown, Gloversville and Kingsboro' Horse RR. Co., and guarantees the
principal and interest of the $350,000 Cayadutta Electric RR. Co. 6 p. C. bonds, paying to the lessor its net earn-
ings after payment of guaranteed interest charges. (For terms under which the Gloversville and Broadalbin RR.
isoperated see subjoined statement.) Locomotives, 8. Cars— passenger, 12; baggage, etc., 3; caboose, 3— total, 18.

Operations, year ending Jnne 80, 1897.— Trains run (passenger, 295,456; freight, 21,720; mixed, 7,000),
324,176 miles. Passengers earned, 919,428; carried one mile, 5,976,280. Tons moved, 133,093; ton-miles, 1,339,063.
Earnings (passenger, $114,041; freight, $117,155; other, $15.613), $246,810. Operating expenses, $143,425. Net
earnings, $103,385; other receipts, $175— total, $103,560. Payments: Interest on bonds. $33,000; other interest,
$1,553; rentals, leased lines (Cay. El. RR., $21,000; Johns. GIov. & K. RR., $7,100; Gl. & Broad. RR., $1,500),
$29,600; dividends (Feb., 1897, 2 p. c.; Aug., 1897, 3 p. c.), $15,000; taxes, $14,834 ; other payments, $1,281— total,
$95,26£ Surplus, $8,292; surplus forward ($211,855, less interest and rentals accrued prior to June 30, 1896,
$13,133), $198,723— total, $207,015. In Nov., 1897, a dividend of 4 p. c. was paid from the income of the current
year.

Financial Statement, Jane 30. 1897.— Capital stock ($100 shares), $300,000 ; funded debt (1st mtge. 7
p. C. 30-yr. bonds, due July 1, 1900; int. Jan. and July, $300,000; consol. mtge. 6 p. c. 40-yr. bonds, due July 1, 1921,
int. April and Oct., $200,000; 1st. consol. refunding 4± p. c. 50-yr. bonds, due July 1, 1947, int. Jan. and July, $100,-
000), $600,000; bills payable, $29,000; current accounts, $23,464; interest and rentals due and accrued, $9,592;
dividends unpaid, $9,000; profit and loss, $207,015— total, $1,178,070. Contra: Cost of road, etc., $970,549; real
estate, etc., $31,245: materials, etc., $22,086; advances for construction of leased lines, $22,795; special equipment
account, $12,000; bills and accounts, $80,239; cash, $2,657; sinking fund, $22,571; due from agents, $13,928—
total, $1,178,070. The authorized issue of the 1st consol. mtge. bonds is $700,000; the purpose of the issue being
to provide for the payment of any premium upon the outstanding bonds of the railroad company which may be
redeemed, purchased or acquired, and for the general lawful purposes of the company. Interest on bonds pay-
able at Importers and Traders Bank, New York, N. Y.

30, 1897.— Capital stock (shares, $100), $60,000;
funded debt (1st mtge. 5 p. c.. 30-yr. gold bonds, due

GLOVERSVILLE AND BROADALBIN RR.—
Broadalbin Junct., to Broadalbin, N. Y., 6.2 miles.
Rail (steel), 60 Ibs. Gauge, 4 ft. 8} In. Chartered
April 17, 1895; road opened Nov. 15, 1895. Leased to
the Funda, Johnstown and Gloversville RR. Co. for
999 years from Aug. 1, 1895. at an annual rental of
$1, the lessee assuming all obligations and guarantee-
ing principal and interest of the $30,000 1st mtge.

Aug. 1, 1925, interest Feb. and Aug., at office of
Farmers' Loan and Trust Co., New York, N. Y.),
$30,000— total, representing cost, $90,000. Trustee of
bonds: Farmers' Loan and Trust Co., New York. N.
Y. Henry C. Day, Pres.: Frank Burton, Sec.,
Gloversville, N. Y. General Office, Gloversville, N. Y.

bonds described below. Financial Statement. June

Directors, F. J. <fc G. RR. (elected Jan. 19, 1898).— Channcey M. Depew, H. Walter Webb, New York, N. Y. ;
J. Ledlie Hees, Fonda, N. Y.; J. P. Argersinger, J. G. Ferris, Jas. I. Yonnglove, Johnstown, N. Y.; A. J. Zim-
mer, S. H. Shotwell, G. Levor, Z. B. Whitney, R. T. McKeever, G. M, Place, Erastns Darling, Gloversville, N. Y.;

POOR'S MANUAL OF RAILROADS. 71

J. S. Freedman, Albany, N. Y. OFFICERS: J. LEDLIE HEES, Pres.; Jas. P. Argersinger, Vice-Pres.; Geo. M.
Place, Sec. & Treas.; R. T. McKeever, Gen. Stipt., Gloversville, N. Y. GENERAL OFFICE, Gloversville, N. Y.

GENESEE AND WYOMING VALLEY 1C?.— Projected: Perry to Caledonia, N. Y., 20.71 miles.
Completed, June 30, 18U7 : Retsof, N. Y., to Pittsburgh and Lehigh Jet., 10.66m.; Retsof Jet., to Greigsville,
N. Y., 3.73 m. ; Retsof Yards to Retsof Mines, N. Y., 1.77 m.— total, 16.16 m.; total track (steel ; 70 Ibs.), 18.01
miles'. Gauge, 4 ft. 8| in. Chartered April 27, 1891 ; road opened, as above, during the past fiscal year. Loco-
motives, 3. Cars— passenger, 2 ; baggage, etc., 1 ; freight (flat), 2— total, 5.

Operations, year ending June 30, 181)7. — Trains run (passenger, 15,250 ; freight, 3,268), 18,518 miles. Pas-
sengers carried, 4,517 ; carried one mile, 31,464. Tons moved, 5,425; ton-miles, 43,400. Earnings (passenger,
$1,042 ; freight, $2,737 ; other, $58), $3,837. Operating expenses, $16,603. Deficit from operations, $12,766.
Charges : Interest on bonds, $30,000 ; taxes, $996— total, $30,996. Deficit, $43,762 ; deficit forward, $63,502— total,
$107,264.

Financial Statement, June 30, 1897.— Capital stock (auth., $500,000 ; shares, $100), $456,200 ; funded
debt (1st mtge. 6 p. c. §1,000 coup, bonds, dated May 1, 1891) due May 1, 1920, interest June and Dec ; auth. and
issued), $500,000 ; accrued interest, $2,500 ; accounts, $976 ; loans and bills payable, $61,892 ; sundries, $76— total.
$1,024,968. Contra: Cost of road, etc., $911,878; materials, etc., $50 ; cash, $346 ; accounts, $5,430 ; profit and
loss, $107,264 — total, $1,024,968. Interest on bonds payable at the oflice of the trustee, Knickerbocker Trurt Qo.,
New York, N. Y. A dividend of 3f p. c. on 1,512 shares of stock was paid in Nov., 1894.

Directors.— Wm. C. Prime. Yonkers, N. Y. ; J. Milton Ferry, Bayonne, N. J. ; Rudolph Damm, Henry H.
Holmes, Jersey City, N. J. ; Frank R. Baldwin, Francis J. Sheehan, Philip H. Dewitt, Sidney Ward, Reon Barnes,
New York, N. Y.; Frank Rundio, Retsof, N. Y.; Reon Barnes, Jr., West New Brighton, N. Y.; Geo. H. Tread-
well, W. Joseph Scott, Port Richmond, N. Y. OFFICERS : REON BARNES, Pres.; P. H. DeWitt, Vice-Pre*.; F. J.
Sheehan, Sec.; Sidney Ward, Treas., New York, N. Y. GENERAL OFFICE, Retsof, N. Y.

GEORGES CREEK AND CUMBERLAND RR. -June. W. Va. C. Ry., Cumberland to New
Detmold Mine, Lonaconing, Md., 21.42 m. : Midland to Jackson Mine, 4.85 m. ; G. C. June, to Pa. State Line, 4.56
m. ; "Lonaconing to Koontz Mine, 0.91m.; City June, to June. B. & O. RR., 0.85 m.— total, 32.59m.; total track
(steel), 44.57 miles. Rail— iron, 60 Ibs.; steel, 67 and 70 Ibs. Gauge, 4ft. 9 in. Incorp. Dec. 21, 1876 ; road opened
May 31, 1881 ; consol. with Pa. RR. in Md., June 16, 1888. Controlled by the American Coal Co. and the Maryland
Coal Co. of Md. Locomotives, 10. Cars — passenger, 4 ; freight (box, 2 ; flat, 5 ; coal, 1,093), 1,100 ; other, 3—
total, 1,107.

Financial Statement, Jan. 1, 1898.— Capital stock (shares, $50), $1,000,000 ; funded debt, 1st mtge. 6
p. c. 30-yr. bonds, due Oct. 1, 1909, interest April and Oct., at office of the American Coal Co., 1 Broadway, New
York, N. Y., $536,000 ; 2d mtge. 30-yr. bonds, due Feb. 1, 1908, $65,000-total, $1,000,000.

Directors.— Sidny Wintringham, Alex. M. White, James A. Alexander, John E. Knapp, Frank T. Robin-
sou, J. A. Millholland, Wm. De L. Walbridge, New York, N. Y. OFFICERS : JAMES A. MILLHOLLAND, Pres. &
Gen. Man., Cumberland, Md.: Sidny Wintringham, llce-Pres.; Wm. De L. Walbridge, Treas. &Sec., New York,
N. Y. GENERAL OFFICE, 1 Broadway, New York, N. Y.

GREENWICH AND JOHNSONVILLE RY.-Greenwich to Johnsonville, N. Y., 14.65 m.-total
track (steel ; 67 Ibs.), 16.15 miles. Gauge, 4 ft. $1 in. Reorganization, Sept 6, 1879, of the G. & J. RR. Co.,
Locomotives, 2. Cars — passenger, 1 ; baggage 1 ; flat, 3 — total, 5.

Operations, J ear ending June 30, 1897.— Trains run (passenger, 16,380; freight, 5,460 ; mixed, 11,700),
33,540 miles. Passengers carried, 22,538 ; carried one mile, 315,532. Tons moved, 24,499 ; ton-miles, 293,988.
Earnings (passenger, $13,709 ; freight, $16,979 ; other, $1,744), $32,493. Operating expenses, $22,756. Net earn-
ings, $9,737 ; other receipts, $401— total, $10,138. Payments : Taxes, $1,355 ; dividends (Nos. 34 ind 35, Jan. and
July, 1897, 5 p. c. each), $11,800— total, $13,155. Deficit, $3,017 ; surplus forward, $25,139 ; net surplus, $22,122.

Financial Statement, June 30, 1897.— Capital stock (auth., $150,000 ; shares, $125), $118,000 ; profit and
loss, $22,122— total, $140,122. Contra: Cost of road, etc,. $134,384; bills receivable, $1,746 ; cash, $3,992— total,
$140,122.

Directors (elected Oct. 19, 1897).— Henry Gray. W. L. Mowry, J. H. Thompson, C. H. Van Jfess, Le Roy
Thompson, A. B. Cole, J. O. La Vake, O. H. Eddy, H. C. Gray, C. C. Van Kirk, Greenwich, N. Y.: Robert Mc-
Mnrray, West Cambridge, N. Y.; Edward Whiteside, So. Cambridge, N. Y. OFFICERS : HENRY GRAY, Pres.,
Greenwich, N. Y.: Robert McMurray, Vice-Pres., West Cambridge, N. Y.; C. H. Van Ness, Treas.; W. L. Mowry,
Sec., Greenwich, N. Y. GENERAL OFFICE, Greenwich, N. Y.

HUDSON HIGHLAND BRIDGE AND RY.— Reorganization, March 5, 1896, of the Hudson
Susp. Bridge and New England Ry., which was chartered April 7, 1868, to build a bridge, by July 4, 1905, across
the Hudson River, near Peekskill, with connecting railroads at both ends, the whole to form a connecting link
between the great trunk lines and the railway system of New England. The company was reorganized in Jan.,
1888. Shortly afterwards construction work was begun, but was suspended in Feb., 1892, and a receiver appointed.
The property and franchises were sold nnder foreclosure in June, 1893, and were bought in for the bondholders.
Reorganized March 5, 1896, as above, and charter amended so that the company has until July 4, 1905. to complete
the bridge. The H. S. B. & N. E. Ry. Co. had traffic contracts, to run for 50 years, with the New England, LenigH
Valley, Lehigh and Hudson River (embracing the Philadelphia and Reading and the Central of New Jersey), New
York, Snsqiiehanna and Western, New York, Ontario and Western, and New York and Putnam RRs. Amount
expended on work and connections, $700,000. Present company owns work done prior to reorganization and all
franchises as above amended. Company is without debt or lien of any kind. Capital stock, $84,900.

Directors. — John N. Hazard, Rowland Hazard, R. G. Hazard, Ernest N. Hazard, Peace Dale, R. I.; F. R.
Hazard, Syracuse, N. Y.; A. P. Boiler, A. W. Lewis, G. F. Lawrie, H. Alexander, G. W. Sandford, New York,
N. Y. ; Wm. G. Ladd, Henry Martin, Jas. F. Pierce, Brooklyn, N. Y. OFFICERS : JOHN N. HAZARD, Pres., Pe.ace
Dale, R. L; Wm. G. Ladd, Sec. & Treas., Brooklyn, N. Y.

HUNTERS RUN AND SLATE BELT RR.— Hunters Run to Slate Belt, Pa., 13.5 miles. Rail-
iron, 45 ; steel (11.0 m.) 56 Ibs. Gauge, 4 ft. 8^ in". Chartered June 8, 1891, and leased from the P. & R. RR. Co.,
for 999 years, at $1 per annum, 8.0 m. of the old Gettysburg and Harrisburg RR. from Hunters Run to Pine
Grove Furnace. (See MANUAL for 1892, p. 915.) The extension from Pine Grove Furnace to Slate Belt, Pa., 5.50
m., was built by the company. It was opened June 15, 1892. Locomotives, 2. Cars— passenger, 3 ; other, 4 —
total, 7.

Operations, year ending June 30, 1897.— Trains run (mixed, 13,133 ; other, 129), 13,262 miles. Passengers
carried, 14,449 ; carried one mile, 102,154. Tons moved, 26,851 ; ton-milts, 126,243. Earnings (passenger, $1,347;
freight, $6,065 ; other, $561), $7.973. Operating expenses, $7,673. Net earnings, $301. Payments : Interest on
debt, $841 ; rentals, $1 ; other payments, $58— total, $900. Deficit, $599 ; deficit forward, $8,215— total, $8,814.

Financial Statement, June 30, 1897.— Capital stock (auth., $100,'000 ; shares, $50), $59.600 ; accounts,
etc., $25,336— total, $84,936. Contra: Cost of property, $56,138 ; real estate, $3,339 ; materials, $188 ; accounts,
$16,457 ; profit and loss, $8,814— total, $84,936. Bonds to the amount of $100,000 have been authorized, but none
yet issued. Trustee : Jay Cooke, Jr., Philadelphia, Pa.

Directors (elected Jan. 12, 1898).— Jay Cooke, Jr., B. J. Woodward, Jno. M. Butler, Charles D. Barney, J.
Horace Harding, Philadelphia, Pa.; W. H. Gibb.ons, Coatesville, Pa.; J. C. Fuller, Pine Grove Furnace, Pa.
OFFICERS ; J. C. FULLER, Prfx., Pine Grove Furnace. Pa.; John M. Butler, Sec. & Treas., Philadelphia, Pa.; A.
C. Givler, Gen. Supt., Pine Grove Furnace, Pa. GENERAL OFFICE, Pine Grove Furnace, Pa.

72

POOR S MANUAL OF KAILROADS — MIDDLE ATLANTIC GROUP.

IRONTON RR.— Coplay to Ironton, Pa., 5.5 m.; Junction to Siegersville, 3.5 m.; total track (eteel ; 6.25
m.), 9 miles. Rail, 50 to 57 Ibs. Gauge, 4 ft. 8} in. Chartered in 1858 ; opened in May, 1860. Locomotives, 2 ;
no cars.

Operations, year ending June 30, 1897.— Trains run (freight), 5,532 miles. Tons moved, 243,679 ; ton-
miles, 974,716. Earnings (freight), $37,858. Operating expenses, $18,101. Net earnings, $19,758 ; other receipts,
$2,069— total, $21,827. Payments : Dividends (Oct. 31, 1896, 12 p. c.), $24,000 ; other payments, $1,304— total,
$25,304. Deficit, $3,477 ; surplus forward, §85,102 ; net surplus, §85,102.

Financial Statement. June 30, 1897. — Capital stock ($50 shares), $200,000 ; accounts, §5,788 ; profit and
loss, $85,102— total, $390,891. Contra : Cost of property, etc., $200,438 ; accounts, $71,430 ; cash, $19,023— total.
$290,890.

Directors (elected Oct. 11, 1897).— Samuel Thomas, Catasanqua, Pa.; B. F. Fackenthal, Jr., James W.
Weaver, Fred. R. Drake, Wm. H. Hulick, Jos. S. Rodenbongh, Easton, Pa. OFFICERS : B. F. FACKENTHAL, JK.,
Pres.; James W. Weaver, Sec. & Treas., Easton, Pa.; D. H. Thomas, Gen. Supt.. Hokendauqua, Pa. GENERAL
OFFICE, Easton, Pa.

ISLAND RR.— In Buffalo, N. Y., 0.14 m.; total track (steel), 1.24 miles. Chartered Sept. 1, 1883 ; road
opened in 1884. Operated in connection with certain coal docks between Blackwall Canal and Buffalo River.
This road is owned by the Pennsylvania Coal Co. and leased by that company to the Great Northern Ry. Co.

Income Account, year ending June 30, 1897.— Rental, $26,740. Payments : Interest on bonds, $27,094 ;
taxes, $360; other payments, $4,008— total, $31,462. Deficit, $4,722.

Financial Statement, June 30, 1897,— Capital stock (Chares, S100), $200,000 ; funded debt (gen. mtge. 6
p. c. 40-yr. bonds, dated Nov. 1, 1883, $250,000, interest semi-annually)- current accounts, $43,419— total, $493,419.
Contra: Cost of property, $449,000; open accounts, $12,772; profit and loss, $31, 647— total, $493,419. The bonds
and $190,000 of the stock were issned in payment for property in the city of Buffalo.

Directors.— Samuel Thorne, G. W. Quintard, Walton Ferguson, W. V. S,. Thome, W. E. Street, H. L.
Terhune, New York, N. Y. OFFICERS : W. V. S. THOHNE, Pres.; Samuel Thorne, Vice-Pres.; William E.
Street, Sec. & Treats., New York, N. Y. GENERAL OFFICE, 1 Broadway, New York, N. Y.

JAMESTOWN AND LAKE ERIE RY.— Main Line : Jamestown, N. Y. to Mayvile Jnnct., N. Y.,
21.17 m.; branches: Mayville to Chautauqua, N. Y., 2.68 m.; Clifton to Falconer, N.Y., 3.46 m.— total, 27.31 miles.
Sidings, 2.65 miles. Gauge, 4 ft. 8i in. Rail— iron, 50 Ibs. ; steel (27.31 m.), 60 Ibs. Reorganization, Oct. 17, 1894.
of the Chautauqua Lake Ry.Co., whose property was sold under foreclosure July 25, 1894. (See MANUAL for 1894.)
The branch from Clifton to Falconer, N. Y.,3.46 m., was completed and opened for trafllc on Feb. 15, 1897.
Locomotives, 5. Cars— passenger. 12 ; baggage, etc., 2 ; freight (flat), 1; other, 1— total, 16.

Operations, year ending June 30, 1897.— Trains run (passenger, 36,486 ; freight, 25,603 ; other, 2,310), 64,
399 miles. Passengers carried, 46,655 ; carried one mile, 803,972. Tons moved, 41,314 : ton-miles, 661,024.
Earnings (passenger, $16,955 ;. freight, $22,528; other, $1,987), $42,470. Operating expenses, $40.915. Net
earnings, $1,555; other receipts, $11,375— total, $12,930. Payments: Interest on bonds, $16,000 ; other interest,
$57; taxes, $2,839— total, $18,896. Deficit, $5,966.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $350,000 ; funded debt (1st mtge. 5
p. c. 100-yr. $1,000 coup, bonds, dated April 1, 1896, interesc April and Oct., at New York, N. Y. (auth., $325,000),
$316,000; interest on bonds due and accrued, $3,950 ; accounts, $14,665; loans and bills payable, $13,557— total.
$698.172. Contra : Cost of road, etc., $670,656 ; cash, $1,135 ; materials, etc., §313 ; accounts, etc., $9,501; profit
and loss, $16,568— total, $698,172. Trustees of bonds : Wm. II. Porter and Philip G. Bartlett, New York, N. Y.

Directors. — E. L. Baylies, J. W. Hutt, L. C. Linderman, H. W. Marl in; Guilleume Rensens, Geraldyn Red-
mond, Joseph J. Sullivan, S. F. Sullivan, Robert H. Tenbroeck, New York, N. Y. OFFICERS : Presidency
vacant; Geraldyn Redmond, Vice- Pres. & Treas.; C. D. Austin, Sec. & Asst. Treas.; Jas. McCanertny, Asst.
Sec., New York, N. Y.; C. R. Van Etten, Gen. Man., Jamestown, N. Y. GENFRAL OFFICE, Jamestown, N. Y.

JOHNSTOWN AND STONY CREEK RR.— Bedford Sta., Johnstown, Pa., to Stony Creek Bridge,
Johnstown, fa., 2.44 miles. Gauge, 4 ft. 8} in. Rail, 56 to 70 Ibs. Organized Jan, 18, 1888 ; road opened same
year. Locomotives, 2. Cars — passenger, 2 ; freight, 18 — total, 20.

Operations, year ending June 30, 1897.— Earnings (passenger, $478 ; freight, $6,482 ; other, $130), $7,090.
Operating expenses, $6.213. Net earnings, $877. Paid dividends, $45,750. Deficit, $44,873 ; surplus forward,
$44,703 ; net deficit, $170.

Financial Statement, June 30, 1897.— Capital stock, $91,500 ; current liabilities, $118— total, $91,613.
Contra : Permanent investments, $45,886 ; cash and current assets, $44,974 ; materials, etc., $583 ; profit and
loss, $170— total, $91,613.

Directors (elected April 1, 1897).— Tom L. Johnson, Cleveland, O. ; A. J. Moxham, Lorain, O.; T. C. du
Pont, E. B. Entwisle, W. D. McElhinney, Johnstown, Pa. OFFICERS : A. J. MOXHAM, Pres., Lorain, O.; T. C.
du Pont, Sec.; W. D. McElhinney, Treas.; E. II. Burkhardt, Svpt., Johnstown, Pa. GENERAL OFFICE, Johns-
town, Pa.

KANE AND ELK RR.— East Kane to La Mont, Pa., 10 miles. Gauge, 4 ft. 8} in. Rail (steel), — Ibs.
Organized Sept. 4, 1895 ; road opened in 1896. Locomotives, 3. Cars (freight, 26; other, 2). 28.

Operations, year ending June 30, 1897.— Tons moved, 31,324. Earnings (freight), $7,000. Operating ex-
penses, $5,707. Net earning?, $1.293. Total deductions, $119. Surplus, $1,174.

Financial Statement, June 30, 1897.— Capital stock, $75,000; current liabilities, $4.760 ; profit and loss,
$97— total, $79,857. Contra ; Cost of road, etc., $74,775; cash and current assets, $5,082— total, $79,857.

Directors (elected Aug. 17, 1897).— T. S. James, W. A. James, E. B. James, W. H. Davis, A. P. Huey,
Kane, Pa.; D. M. James, New Haven, Conn. OFFICERS : H. J. JAMES, Pres. & Gen. Supt.; T. S. James, Vice-
Pres.; E. B. James, Sec. & Treas., Kane, Pa. GENERAL OFFICE, Kane, Pa.

KANONA AND PRATTSBT7RGH RY.— Kanqna to Prattsburgh, N. Y., 11.44m.; total track
(steel ; 60 Ibs.), 11.94 miles. Gauge, 4 ft. 8} in. Chartered April 14, 1897, as successor to the Kanona and Pratts-
burgh RR. Co., whose property was sold under foreclosure on Feb. 1, 1893, and purchased on behalf of the bond-
holders (see MANUAL for 1897). The company has afreight traffic agreement with the Erie RR. Co. under which
that company supplies cars for through business. Locomotive,!. Cars— passenger, 1 ; baggage, etc., 1 ; freight
(box, 5; flat, 1 ; coal, 5), 11— total, 13.

Op_erations, two months ending June 30, 1897.— Trains run (mixed). 356,928 miles. Passengers carried,
1,928. Tons moved, 2,757. Earnings (passenger, $602 ; freight, $1,630 ; other, $155), $2,387. Operating expenses,
$2,452. Deficit from operations, $65.

Financial Statement, June 30, 1897.— Capital stock (auth., $12,000 ; shares, $100), $75,000 ; funded debt
(1st mtge. 4 p. c. 40-yr. $1,000 coup, bond*, due Jan. 1, 1937, interest Jim. and July at office of the trustee, Atlantic
Trust Co., New York, N. Y.), S75,000 ; bills payable, $2,452— total, $152,452. Contra : Cost of road, etc., $75,000:
securities owned, $75.000; bills receivable, £2,387 ; profit and loss, $65— total, $152,452.

Directors (elected April 14, 1S97).— Lewis V. F. Randolph,' James S. Suydam, Wm. Carpenter, Henry A. V.
Post, C. ('. Poinuroy, Lysamler M. Jones, Jas. F. McNamara, New York, N. Y.; Isaac W. Fowler, Aiken, S. C.;
Wm. H. Nichols, Bath. N. Y. OFFICERS : Lewis V. F. Randolph, Prtv., New York, N. Y,; I. W. Fowler, Vice-
Pres. <fc Treas.; C. Hallagau, Jr., And. & Suj>t., Prattsburgh, N. Y. GENERAL OFFICE, Prattsburgh, N. Y.

POOR'S MANUAL OF EAILROADS. 73

KEESEVILLE, ATJSABLE CHASM AND LAKE CHAMPLAIN RR.— Port Kent to
Keeseville, N. Y., 6.«4 in. ; total track (steel;, 5.9o miles. Rail, GO Ibs. Gauge, 4 ft. 8i in. Chartered April 4,
1889 ; road opened May 2i>, 1890. Locomotive, 1. Cars— passenger, 3 ; other, 2— total, 5.

Operations, year ending June 30, 1897.— Trains run (passenger, 5,806 ; freight, 17,419), 23,226 miles. Pas-
sengers carried, 27,202 ; carried one mile, 139,434. Tons moved, 29,913 ; ton-miles, 141,501. Earnings (passenger,
$7,4<J9 ; freight. $8,450 ; other, $900), $16,839. Operating expenses, $13,780. Net earnings, $3,060 ; other receipts,
$1,228— total, $4,288. Payments: Interest on debt, $1,800 ; other interest, $242; taxes, $204— total, $2,246.
Surplus, $2,042.

Financial Statement, June 30, 1897.— Capital stock (auth., $60,000 ; shares, $10), $30,710 ; funded debt
(1st mtge. 6 p. c. 20-yr. $5UO coup, bonds, due Dec. 1, 1909, interest June and Dec.), §30,000; bills, accounts, etc.,
$8,252 ; profit and loss, $2,933— total, $71,895. Contra ; Cost of road, etc., §65,582 ; accounts and cash, $4,531 ;
materials, etc., $1,780— total, $71,895. Coupons payable by trustee, the Keeseviile (N. Y.) National Bank.

Directors (elected April 6, 1897).— Rufus Prescott, Edmund K. Roineyn, Geo. N. Kingsland, Charles M.
Hopkins, Conant S. Taylor, Adelbert W. Boynton, Edmund K. Baber, Henry M. Mould, Chas. H. Prescott, Mich-
ael J. Callanan, Albert W. Shields, Jas. R. Romeyn, Frank H. Hopkins, Keeseville, N. Y. OFFICERS : EDMUND
K. BABER, Preg; Rufus Prescott, Vice-Pres.; Chas. M. Hopkins, Treas.; Adelbert W. Boynton, Sec., Keeseville,
N. Y. GENERAL OFFICE, Keeseville, N. Y.

KETNER, ST. MARY'S AND SHAWMUT RR.— Ketner June, to Wrights', Pa., 4m.; Glen
Hazel June, to Water's Camp, 5m. ; total, 9m.; total track (steel ; 60 Ibs.), 14 miles. Gauge, 4 ft. 8i in. Consoli-
dation, June 8, 1893, of the Glen Hazel and Shawmut, and the Ketner, Elbon and Shawmut RR. Cos. Locomo-
tive, 1. Cars (service), 24.

Operations, year ending June 30, 1897. — Trains run (freight), 8,400 miles. Tons moved, 28,944 ; ton-miles,
144,720. Earnings (freight), $11,523. Operating expenses, $7,698. Net earnings, $3,825. Paid taxes, $120.
Surplus, $3,705.

Financial Statement, June 30, 1897.— Capital stock (auth., $200,000; shares, $50), $30,900: current
accounts. $2,234 ; bills payable, $15,823 ; profit and loss, $19,865— total, $68,822. Contra : Cost of road, etc.,
$55,143 ; cash and current accounts, $13,6; 7— total, $68,822.

Directors (elected April 3, 1897).— S. A. Mundy, J. H. Beardsley, E. M. Bell, H. F. Mundy, Jr., Bradford,
Pa.; C. A. Weed, W. S. Weed, Binghamton, N. Y.; E. R. Schoonmaker, Limestone, N. Y. OFFICERS : S. A.
MUNDY, Pres.; W. S. Weed, Vtet-fra., Binghamton, N. Y.; S. T. Swartz, Sec., Bradford, Pa, ; C. A. Weed,
Treas., Binghamton, N. Y.; J. H. Beardsley, Gen. Man., Bradford, Pa. GENERAL OFFICE, Bradford, Pa.

KINDERHOOK AND HUDSON RY.-Hudson (B. & A. Jet.), N. Y., to Niverville, N. Y., 16.23 m. ;
trackage, B. & A. RR.: Hudson to Jet., 1.8 m.— total, 18.03 miles. Sidings, 1.24 miles. Gauge, 4 ft. 8i in. Rail
(steel), 56 Ibs. Chartered April 11, 1896, as successor to a company of the same name, whose property was sold
under foreclosure on March 7, 189U (see MANUAL for 1896). Locomotives, 2. Cars— passenger, 2 ; baggage, etc., 2 ;
freight (box, 10 ; flat, 6 ; coal, 1), 17— total, 21.

Operations, year ending June 30, 1897.— Trains run (passenger, 35,568 ; freight, 11,232), 46,800 miles. Pas-
sengers carried, 47,022 ; carried one mile, 254,431. Tons moved, 16,688 ; ton-miles, 133,953. Earnings (passenger,
$11.019; freight §12.801 ; other, 81,370), $25,250. Operating expenses, $21,398. Net earnings, $3,851. Payments:
Interest on debt, $3,750 ; taxes, $534— total, $4,284. Deficit, $432 ; surplus forward, $1,028 ; net surplus, $595.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $170,000; funded debt (1st mtge. 5 p. c.
26-yr. $1.000 coup, gold bonds, dated April 23, 1896, int. Jan. and July, auth., $160,000), $150,000; accrued interest
on bonds, $3,750 ; accounts, $2,182 ; profit and loss, $595— total, $326,528. Contra: Cost of road, etc., $320,000 ;
cash, So,507; bills and accounts, $1,031— total, $326,528. Interest payable at the office of the trustee, the Atlantic
Trust C"., New York, N. Y.

Directors (elected April 11, 1897).— Dean Sage, John D. Parsons, Jr., Henry M. Sage, Albany, N.Y.; Frank
H. Stott, Stottville, N. Y.; Win. H. Traver, Samuel R. Rainey, Hudson, N. Y.; J. Spencer Hosford, Kinderhook,
N. Y. OFFICERS: SAMUEL R. RAINEY, Pres., Hudson, N. Y. ; Frank H. Stott, Vice-Pres., Stottville, N. Y.;
John D. Parsons, Jr., Treas., Albany, N. Y.; J. Spencer Hosford, Sec., Kinderhook, N. Y.; J. W. Brown, Supt.,
Hudson, N. Y. GENERAL OFFICE, Hudson, N. Y.

KINZUA CREEK AND KANE RR.— Kate to near Root Run, Pa., 9 m.; total track (steel; 30 Ibs.),
14 miles. Gauge, 4 ft. 8}m- Chartered June 16, 1888; road built in 1891. Locomotives, 3. Freight cars, 17.

Operations, year ending June 30, 1897 — Trains run (freight), 18,986 miles. Tons moved, 45,875; ton-miles,
218,765. Earning!' (freight), $15,671. Operating expenses, $14,472. Net earnings, $1,199. Total deductions,
$1,050. Surplus, $149.

Financial Statement, June 30, 1897.— Capital stock (auth. $120.000 ; shares, $100), $65,600) ; funded
debt (1st mtge. 7 p. c. bonds dated Jan. 1, 1892, interest June and Dec.), $15,000; profit and loss, $149— total,
$80,749. Contra: Cost of road, etc., $78,040 ; cash and current assets, $2,709— total, $80,749.

Directors.— G. W. Campbell, Jno. W. Campbell, F. W. Reese, C. A. Buchanan, Kane, Pa.; E. W. Camp-
bell, North Kane, Pa.; C. D. Campbell, Meadville, Pa.; W. W. Brown, Bradford, Pa. OFFICERS : G. W. CAMP-
BELL, Pres., Kane, Pa.; W. W. Brown, Vice-Pres., Bradford, Pa.; Jno. W. Campbell, Sec., 'Kane, Pa.; E. W.
Campbell, Supt., North Kane, Pa. GENERAL OFFICE, North Kane, Pa.

KINZTJA VALLEY RR.— Morrisons' to West Line, Pa., 10 m.; total track, 12.16 miles. Rail (steel,
12.13 m.), 56 and 07 Ibs. Gauge, 4 ft. 8} in. Chartered March 30, 1889; road opened June, 1891. Cars (flat, log-
ging), 10.

Operations, year ending June 30, 1897.— Trains run (mixed), 5,620 miles. Passengers carried, 698; carried
one mile, 4,366. Tons moved, 46,395; ton-miles, 395,299. Earnings (passenger, $156; freight, $6,842; other, $250),
$f,249. Operating expenses, §6,535. Net earnings, §714. Paid taxes, $24. Surplus, $691; deficit forward, $3,282;
net deficit, $2,591.

Financial Statement, June 30, 1897.— Capital stock (auth., §140,000; shares, $100), $105,000; accounts,
$10,444 -total, $115,444. Contra: Cost of property, $110,950; materials, etc., $1,111; accounts, $792; profit and
loss, $2,591— total, $115,444.

Directors.— Samuel G. De Coursey, Nicholas Thonron, Philadelphia, Pa.; Spencer S. Bullis, Olean, N. Y.;

F. S. Buell, Frank Rnmsey, Robert Bell, Buffalo, N. Y.; A. J. Thompson, Titusville, Pa. OFFICERS: SAMUEL

G. DE COURSEY, Pres.; Nicholas Thouron, Vice-Pres., Philadelphia, Pa.; F. S. Buell, Sec. <£ Treas.; Jno. F.
Reynolds, And., Buffalo, N. Y. GENERAL OFFICE, Mooney & Brisbane Bsilding, Buffalo, N. Y.

KISHACOQ,UILLAS VALLEY RR.— Reedsville to Belleville, Pa., 9.2 m.; trackage, Penn. RR.:
Kishacoquillas June, to Reedsville, Pa., 0.30 m.— total, 9.50 miles. Sidings, 0.80 mile. Gauge, 4 ft. Si in. Rail
(steel), 60 Ibs. Chartered June 14, 1892; road opened July 1, 1893. Locomotive, 1. Cars— passenger, 2; freight
(flat), 1 ; other, 1— total, 4.

Operations, year ending June 30, 1897.— Trains run (mixed), 24,000 miles. Passengers carried, 18,122;
carried one mile, 144,000. Tons moved, 10,033; ton-miles, 170,100. Earnings (passenger, $3,680; freight, $4,266;
other, $455), $7,946. Operating expenses and taxes, $7.401. Net earnings, $545. Payments: Interest on bonds,
$150; other payments, $1.350— total, $1,500. Deficit, $955; surplus forward, $9,094; net surplus, $8,139.

Financial Statement, June 30, 1897.— Capital stock (auth., $100,000; shares, $25), $70.175: funded debt
(1st mtge. 5 p. c. 5-yr. §100 coup, bonds, due Nov. 1, 1898, interest May 1 and Nov. 1, at Belleville, Pa.: auth.,

74 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

$10,000), $3,000; accounts, $950; profit and loss, $8,139--total, $82,270. Contra: Cost of property, $81,265;
materials, $900; casu, &5— total, $82,2rO. Trustees of bonds : John W. Wilson and A. W. Campbell, Belleville, Pa.
Directors (elected June 12, 1897).— W. J. Hayes, J. H. Peachey, Solomon Hartzler, J. P. Getter, Wni. B.
Maclay, J no. M. Fleming, J. M. Campbell, Belleville, Pa.; Jos. H. Peachey, Allensville, Pa. OFFICERS: W. J.
HAYES, Pres.; Jno M. Fleming, Vice-Free.; C. W. Getter, Treas.; Wm. B. Maclay, Sec.; J. P. Getter, Gen. Man.;
J. H. Peachey, Aud., Belleville, Pa. GENERAL OFFICE, Belleville, Pa.

KISHWAUKEE MINERAL SPRINGS RR.-Big Shanty to Gerald, Pa., 8 miles. Gauge, 4 ft.
8$ in. Kail (steel), 60 Ibs. Organized May 15,1895; road opened to Seamond, 5 m., July, 1895; extended to
Gerald in Oct., 1897. Locomotives, 2. Cars (freight), 7.

Operations, year ending June 30, 1897.— Trains run (freight), 3,000 miles. Tons freight moved, 10,568.
Earnings (freight), $3,500. Operating expenses, $3,266. Net earnings, $234. Paid taxes, $43. Surplus, $192;
deficit forward, $503; net deficit, $311.

Financial Statement, June 30, 1897.— Capital stock (shares, $15), $15,000; current liabilities, $114; profit
and loss, $311— total, $15,425. Contra: Cost of road, etc., $13,881; rolling stock, $l,544-to&al, $15,425.

Directors (elected Jan., 1898).— James Pierce, Boston, Mass.; F. L. Bartlett, W. P. Pierce, Olean, N. Y.;
J. P. Mullen, Geo. H. Mills, C. W. Wallis, J. R. Dioney, Bradford, Pa. OFFICERS: JAS. PIERCE, Pres., Boston,
Mass.; J. P. Mullen, Vice-Pres., Bradford, Pa.; F. L. Bartlett, Treas.; M. G. Fitzpatrick, Sec., Olean, N. Y.;
J. R. Dioney, Gen. Man., Bradford, Pa. GENERAL OFFICE, Bradford, Pa.

LAKE CHAMPLAIN AND MORIAH RR. -Port Henry to Mineville, N. Y., 7.66m.; total track
(steel, 7.66 in.), 14.92 miles. Rail— iron, 56 ; steel, 70 Ibs. Gauge, 4 ft. 8i in. Organized Dec. 4, 1867 ; road
opened in 1869. Operated chiefly in connection with the iron mines at Mineville. Locomotives, 9. Cars— pas-
senger, 4 ; freight (Dox, 2 : flat, 6 ; ore, 252), 260— total, 264.

Operations, year ending June 30, 1897.— Trains run (mixed, 10,430 ; other, 6,000), 16,430 miles. 'Passengers
carried, 883 ; carried one mile, 6,181. Tons moved, 134,490 ; ton-miles, 941,430. Earnings (passenger, $219 ;
freight, $26,191), $26,411. Operating expenses, $33,093. Deficit from operations, $6,682; miscellaneous receipts,
$82; net deficit for year, $6,601. Surplus forward, $3.018 ; net deficit, $3,582.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $200,000 ; current accounts, 83,762—
total, $203,762. Contra : Cost of property, $185,200 ; materials, etc., $14,800 ; cash, $180 ; profit and loss, $3,582
—total, $203,762.

Directors (elected Oct. 12, 1897).— Geo. D. Sherman, Lewis W. Francis, Frank S. Witherbee, Port Henry,
N. Y.; Albert E. Tower, Ponghkeepsie, N. Y.; James A. Burden, Troy, N. Y. ; H. N. Brinsmade, Brooklyn, N.
Y. OFFICERS: GEORGE D. SHERMAN, Pres.; Lewis W. Francis, Vice-Pres.; Frank S. Witherbee, Sec., Port
Henry, N. Y.; Albert E. Tower, Treas. & Gen. Man., Poughkeepsie, N. Y. GENERAL OFFICE, Poughkeepsie,
N.Y.

LANCASTER AND READING NARROW-GAUGE RR.-Lancaster to Quarryville, Pa.,
15.25 m. ; total track, 21.25 miles. Gauge, 4 ft. 8i iu. Rail, 60 and 70 Ibs. (For history, see MANUAL for 1895.)
Locomotives, 2. Cars— passenger, 3.

Operations, year ending June 30, 1897. — Trains run (passenger, 21,960 ; freight, 746 ; mixed, 9,420 ; other,
2,538), 34,664 mil«!S. Passengers carried, 61,504. Carried one mile, 461,288. Tons moved, 88,340 ; ton-miles, 337,-
530. Earnings (passenger, $17,920 ; freight, $23,209 ; other, $1,614), $42,743. Operating expenses, $22,896. Net
earnings, $19,847 ; surplus forward. $32,655— total, $52,502.

Financial Statement, June 30, 1897.— Capital stock (shares,' $50), $350,000 ; profit and loss, $52,502—
total, $402,502. Contra : Cost of road, etc., $350,000 ; cash, $52,502-total, $402,502.

Directors. — Chas. H. Locher, Samuel E. Bailey, John Hertzler, Robert E. Locher, H. Z. Rhoads, John B.
Roth, Lancaster, Pa.; Samuel L. Carpenter, West Earl, Pa. OFFICERS : CHARLES H. LOCHEB, Pres.; D. McMul-
len, Sec.; P. E. Slaymaker, Treas.; Ira J. Barton, Aud., Lancaster, Pa. GENERAL OFFICE, Lancaster, Pa.

LANCASTER, OXFORD AND SOUTHERN RR. -Oxford to Susquehanna, Pa., 20m.; total
track (steel, 12 m.), 20.9 miles. Rail, 30 Ibs. Gauge, 3 ft. Reorganization, Sept. 3, 1890, of the Peach Bottom
RR., which was sold under foreclosure June 16, 1890. (See MANUAL for 1890.) Locomotives, 2. Cars— passen-
ger, 3 ; freight (box, 13 ; stock, 1 ; flat, 6), 20— total, 23.

Operations, year ending June 30, 1897.— Passengers carried, 14,164. Tons moved, 11,837. Earnings (pas-
senger, $4,255 ; freight, $8,631 ; other, $1,185), $14,071. Operating expenses, $13,884. Net earnings, $187.

Financial Statement, June 30, 1897.— Capital stock (shares, $50 : auth., $500,000), $119,686; current
liabilities, $3,376— total, $123,062. Contra : Cost of road, $119,686 ; cash, $730 ; profit and loss, $2,646— total,
$123,062.

Directors (elected May 1, 1897). — Walter M. Franklin, J. W. B. Bausman, Jacob Long, Lancaster, Pa. ; J.
E. Ramsey, J. M. Showalter, A. M. Nevin, Oxford, Pa. ; R. B. Patterson, Spruce Grove, Pa. OFFICERS : WALTER
M. FRANKLIN, l*res.; J. W. B. Bausman, Sec. & Treas., Lancaster, Pa.; A. M. Nevins, Gen. Man., Oxford, Pa.
GENERAL OFFICE, Oxford, Pa.

LEBANON SPRINGS RR.— Chatham, N. Y., to Bennington, Vt., 51.18 m.: sidings, etc., 3.95 miles.
Gauge, 4 ft. 8i in. Rail (steel, 27.25 m.), 56, 60, and 65 Ibs. For history, see MANUAL for 1893. On July 30, 1896,
the operation of this road in the State of New York was discontinued by order of the Board of Railroad Commis-
sioners, owing to its unsafe condition. The necessary repairs having been made permission was granted for the
resumption of traffic on that section of the line between Berlin and Petersburg!! Junction, which was accordingly
reopened on Dec. 13, 1897. Locomotives (2 leased), 4. Cars— passenger, 2 ; oaggage, etc., 5 ; freight (box), 11 —
total cars, 18.

Operations, year ending June 30, 1897.— Trains run (passenger, 36,090; freight, 34,314; other, 11,268),
81,672 miles. Passengers carried, 46,318 ; carried one mile, 463,189. Tons moved, 35,343 ; ton-miles, 1,031,151.
Earnings (passenger, $12,738 ; freight, $29,520 ; other, $5,910), $48,168. Operating expenses, $48,408. Deficit
from operations, $240 ; miscellaneous receipts, $2,870— net income, $2,630. Payments : Interest on receiver's
certificates, $1,200; other interest, $582; other payments, $126— total, $1,907. Surplus, $723; deficit forward
($20,152 plus sundry items, $14), $20,166 ; net deficit, $19,443.

Receiver'1*: General Balance Sheet, June 30, 1897. — Vouchers and pay rolls, $19,055 ; current accounts, $3,512;
receiver's certificates, $20,000 ; interest on same, $4,170 ; loans and bills payable, $13,545— total, $60,283. Contra :
Cost of equipment, $5,361 ; materials, etc., $3,000 ; current accounts, etc., $31,217 ; cash, $1,261 : profit and loss,
$19,443— total, $60,283. OFFICERS : ELNATHAN SWEET, Rec.; Wm. H. Hawkins, Aud.; E. D. Bennett, Supt., Ben-
nington, Vt. GENERAL OFFICE, Bennington, Vt.

LEHIGH AND NEW ENGLAND RR.— Slatington, Pa., to Hainesburgh, Jet., N. J., 34.42m.;
Swartswood Jet., N. J., to Liberty Corners, N. Y., 21.20 m.; branch, Howerton Jet. to Howerton, Pa., 0.80 m.;
Campbell Hall Connecting RR., Liberty Corners to Pine Island, N. Y., 3.78 m.— total, 60.20 miles. Trackage:
N. Y., S. &. W. RR., Hainesburgh Jet. to Swartswood, N. J., 18.63 m.; Erie RR., Pine Island to Campbell Hall,
N. Y., 16.79 m.— total, 35.42 miles. Total mileage operated, 95.62 mile?. Sidings owned, 11.82 miles. Gauge,
4 ft. 8J. Rail (steel, 57.22 m.) 54 to 70 Ibs. Organized April 2, 1895, as successor to the Pennsylvania, Pough-
keep«ie and Boston RR. Co., whose property was sold under foreclosure Dec. 14, 1894. (See MANUAL for 1895.)
The railroad? described ahove, form one continuous line from Slatington, Pa., to Campbell Hall, N. Y. During

POOR'S MANUAL OF RAILROADS.

75

the fiscal year 1896-97 the company built a line from Pen Argyl to Benders, Pa., a distance of 7.96 m., and the
use of the tracks of the Lehigh and Lackawanna RR. between the same points was discontinued. The N. Y., S.
& W. RR. Co. formerly operated the New Jersey division and the Lehign Valley RR. Co. the Pennsylvania divi-
sion of this company's lines, under temporary leases. These leases having been surrendered, the company has
operated its own property since Jan. 1, 1897. Locomotives, 3. Cars— passenger (leased, 1), 3 ; freight (box, 14 ;
flat, 0), 20 ; caboose, 1— total, 24.

Operations, year ending June 30, 1897.— Trains run (passenger, 58,550; mixed, 58,550), 117,100 mile?. Pas-
sengers carried, 33,933. Tons moved, 702,400. Earnings (passenger, $4,575 ; freight, $32,443 ; other, $178),
$37,196. Operating expenses, $37,078. Net earnings, $124. Payments : Taxes, $1,722 ; sundries, $5,238 — total,
$6,960. Deficit, $6,836 ; deficit forward, §4,531— total, $11,367.

Financial Statement, June 30, 1897.— Capital stock (shares $50) authorized, $1,500,000 ; funded debt
(1st intge. 5 p. c. 50-yr. $1,000 coup, bonds, due July 1, 1945, interest Jan. and July, at Philadelphia, Pa.; auth.,
$1,000.000), §403,000; current accounts, $121,869— total, $2,024,869. Contra: Cost of road, etc., $1,973,529; stocks
and bonds owned, $28,000 ; cash and current assets, $11,973 ; profit and loss, $11,367— total, $2,024,869. Trustee
of bonds : Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa.

CAMPBELL HALL CONNECTING RR.— Pine
Island, N. Y., to New Jersey State Line, 3.78 m.;
total track, 4.11 miles. Rail (steel, 3.78 m.), 54 and
60 ll)s. Gauge, 4 ft. 8J in. Chartered April 3, 1889.
Operated under lease by the Lehigh and New Eng-
land RR. Co. Financial Statement. — Capital stock
(shares, $100; auth., $500,000), $125,000; funded debt

(1st mtge. 50-yr. 5 p. c. bonds, dated Aug. 1, 1889,
interest Feb. and Aug.), $500,000— total, $625,000.
Contra: Cost of road, $375,000; profit and loss, $250,-
000— total, $625,000. J. C. Stanton, Pres.; D. J. Me-
Niece, Sec. & Treas.. New York, N. Y. General
Office, 146 Broadway, New York, N. Y.

Directors (L. & N. E. RR. Co.).— Wm. Jay Turner, Wm. B. Scott, W. W. Gibbs, Simon Pfaelzer, John W.
Moffly, W. W. Kurtz, Philadelphia, Pa.; Conrad Miller, Blairstown, N. J. OFFICERS : WILLIAM JAY TURNER,
Prei.: Wm. B. Scott, Vice-Pres.; Joseph R. Sagee, Sec. & Trtas., Philadelphia, Pa.; E. C. Young, Auditor, Pen
Argyl, Pa. GENERAL OFFICE, 927 Chestnut St., Philadelphia, Pa.

LIG-ONIER VALLEY RR.— Latrobe to Ligonier, Pa., 10.5 mile?. Gauge, 4 ft. 9 in. Rail (steel), 56
and 70 Ibs. Chartered as Latrobe and Ligonier RR. Co. April )5, 1853; supplementary charter, May 2, 1871.
Name changed and road opened Nov. 17. 1877. Locomotives, 3. Cars— passenger, 5; baggage, etc., 2 ; freight
(box, 2 ; flat, 10)— total, 19.

Operations, year ending June 30, 1897.— Trains run (passenger, 21,002 ; freight, 7,562 ; other, 3,880), 32.444
miles. Passengers carried, 232,647 ; carried one mile, 1,469,084. Tons moved, 159,856 ; ton-miles, 863,920. Earn-
ings (passenger, $27,045 ; freight. $24,902 ; other, $210), $52,157. Operating expenses, $31,290. Net earnings,
"$20,867. Payments : Dividends, $9,600 ; other, $5,318— total, $14,918. Surplus, $5,949.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $160,000 ; funded debt (1st mtge. 5p.c.
20-yr. §1,000 coup, bonds, due April 1, 1907, interest April and Oct.), $75,000 ; current liabilities $1,515 ; profit and
loss, $50,853— total. $287,368. Contra : Cost of road, etc., $282,729 ; cash and current assets, $4,639— total, §287,368.
Interest payable at office of T. Mellon & Sons, Pittsburgh, Pa. Trustee of bonds : Fidelity Title and Trust Co..
Pittsburgh, Pa.

Directors (elected Jan. 10, 1898).— Thos. Mellon, T. A. Mellon, A. M. Thorne, J. R. Mellon, A.W.Mellon,
R. B. Mellon, Pittsburgh, Pa : Geo. Senft, Ligonier, Pa. OFFICERS : THOS. MELLON, Pres.; R. B. Mellon, Treas..
A. W. Mellon, Sec.; J. R. Mellon, And., Pittsburgh, Pa. GENERAL OFFICE, Ligonier, Pa.

LITTLE FALLS AND DOLGEVILLE RR.— Little Falls to Dolgeville, N. Y., 10.32 m.; total
track (steel; 60 Ibs.), 11.32 miles. Gauge, 4 ft. 8fr in. Chartered Feb. 20, 1891 ; road built in 1892, and turned
over to company by contractor Jan. 1, 1894. Locomotives, 2. Cars— passenger, 4 ; freight (box, 2 ; flat, 4), 6.

Operations, year ending June 30, 1897. — Trains run (mixed), 16,4t>6 miles. Passengers carried. 26,031 ;
carried one-mile, 250,961. Tons moved, 11,671; ton-miles, 114,259. Earnings (passenger, $12,179 ; freight, $23,-
565; other, $1,840), $37,584. Operating expenses, $18,512. Net earnings, $19,072. Payments: Interest on bonds,
$19,500 ; taxes, $2,406— total, $21,906. Deficit, $2,834; surplus forward, $8,655; net surplus, $5,821.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $250,000; funded debt (1st mtge. 6 p.
c. 30-yr. coup, bonds, due Jan. 1, 1921, interest Jan. 1 and July 1, $250,000 ; 2d mtge. 6 p. c. 30-yr. coup, bonds,
dated May 1, 1S94, interest May 1 and Nov. 1 [$100,000 auth.], $75,000), $325,000; vouchers and accounts, $2.921 ;
interest on bonds, $700; profit and loss, $5.821— total, $584,442. Contra: Cost of road, etc., $575,000; equipment
account, $2,882; cash and accounts, etc., $6,561— total, $534,442, Interest payable at the oflice of the trustee, the
Metropolitan Trust Co., New Fork, N. Y.

Directors (elected July 22. 1897).— Carl Amann, Alfred Dolge, E. A. Brown, Ernest Polscher, Julius Breck-
woldt, Edward Dedicke, Theo. H. Roth, Dolgeville, N. Y.; E. R. Wanckel, Karl Fink, New York, N. Y.; Titus
Sheard, W. G. Milligan, J. S. Barnett, J. J. Gilbert, Little Falls, N. Y. OFFICERS : CABL AMANN, Pres., New
York, N. Y.; Titus Sheard, 1st Ttce-Pres., Little Falls, N. Y.; Alfred Dolge, 2d Vice-Pres., Dolgevllle, N. Y.; E.
R. Wanckel, Sec. <£ Treas., New York, N. Y. GENERAL OFFICE, Dolgeville, N. Y.

LIVONIA AND LAE.E CONESTTS RR.-Erie Junct. to West Livonia, N. Y., 1.5 m.; West Li-
vonia to Livonia Breaker of the Retsof Mining Co., 1.5 m.— total, 3 miles. Gauge, 4 ft. 8t in. Rail (steel), 70 Ibs.
Chartered Aug. 5, 1895 to build from West Livonia to a point on Conesus Lake near the town of Lakeville. Road
opened Feb. 1, 1896. Operated for freight purposes only under a traffic arrangement with the Erie RR. Co. Owns
no equipment.

Operations, year ending June 30, 1897.— Tons moved, 100,826 ; ton-miles, 302,478. Earnings (freight),
$21,613. Operating expenses, $17,961. Net earnings, $3,652. Payments: Dividends (3.87 p. c. paid Dec. 24,
1896), $2,324 ; taxes, §13— total, $2,336. Surplus, $1,315 ; surplus forward, $2,944— total, $4,260.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $60,000; accounts, $8,588; taxes, $13;
profit and loss, $4,260— total, $72,861. Contra: Cost of road, $60,000; accounts, $12,721; cash, $140— total,
$72,861.

Directors.— E. L. Fuller, C. R. Fuller, H. H. Sivelly, Scranton, Pa.; Milo M. Belding, Milo M. fielding.
Jr., Jas. C. Colgate, Wm. B. Putney, New York, N. Y.; J. N. Smith, Lynn, Mass.; D. Hyman, Rochester, N.Y.;
H. D. Fuller, Bayonne, N. J. OFFICERS : E. L. FULLER, Pres. & Treas.; H. H. Sivelly, Sec., Scranton, Pa.; D.
Hyman, Gen. Fgt. Agt., Rochester, N. Y.

LYKENS VALLEY RR. AND COAL.— Millersburg to Williamstown, 19.7m.; total track (steel
19.96 m.), 28.25 miles. Rail, 45 and 60 Ibs. Gauge, 4 ft. 9 in. Chartered April 7, 1830 ; opened in 1839. Leased
March 1, 1866, to the Summit Branch RR. Co., for a term of 999 years, at an annual rental of $62,500. On Jan. 20,
1896, lessee defaulted in payment of rental due on that date, and the lease was cancelled. On April 20, 1896, a new
lease was executed to the Northern Central RR. Co., at an annual rental of $35,000. This lease is terminable on
60 days' notice, given in writing by either party.

Income Account, year ending June 30, 1897.— Gross receipts, $35,899. Expenses, $4,049 : dividend, 5
p. c.), $30,000— total. $34,049. Surplus, $1,350.

Financial Statement, June 30, 1897.— Capital stock (auth., $800,000 ; shares, $20), $600,000 : profit and
loss, $7,749— total, §607,749. Contra : Cost of road, etc., $595,767 ; stocks, $7,294 ; cash assets, $4,688— total,
$607,749.

76 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Directors.— William A. Nash, F. J. Middlebrook, John D. Wood, Siegfried Gruner, New York, N. Y.;
John W. Hoffman, Chas. P. Sinnickson, Philadelphia, Pa.; Isaac H. Platt, Lakewood, N. Y. OFFICERS:
WILLIAM A. NASH, Pres., New York, N. Y.: John W. Hoffman, Vice-Pres., Philadelphia, Pa.; Charles Emmet,
Sec. & Trfas., New York, N. Y. GENERAL OFFICE, 13 William St., New York, N. Y.

McKEESPORT CONNECTING RR.- McKeesport to Port Perry, Pa., 4 miles. Rail (steel), 61* Ibs.
Gauge, 4ft. 8^ in. Chartered March 20, 1889 ; road opened March 1, 1891.' Locomotives (leased, 2), 4. Cars-
freight (flat). 50 ; other, 6— total, 56.

Operations, year ending June 30, 1897.— Earnings (freight), $42,984. Operating expenses, $38,021. Net
earnings, $4,963. Paid dividends (12J p. c. Dec. 3, 1896), $5,000. Deficit, $37 ; surplus forward, $11,012 ; net
surplus, $10,974.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $40,000 : accounts, $33,973 ; profit and
loss, $10,974— total, $84,948. Contra, : Cost of property, $52,051 : cash, $342 ; accounts, $32,555 -total, $84,948.

Directors (elected Jan. 25, 1898).— E. C. Converse, New York, N. Y.: Horace Crosby, W. N. Martin, Wm.
B. Schiller, C. I. O'Connor, McKeesport, Pa.; G. Bruce Harton, Pittsburgh, Pa. OFFICERS : HORACE CROSBY,
Pre*.; Wm. B. Schiller, Sec., Treat. & Supl., McKeesport, Pa.; E. C. Converse, Gen. Man., New York, N. Y.;
A. T. Stewart, Aud., McKeesport, Pa. GENERAL OFFICE, McKeesport, Pa.

McKEESPORT TERMINAL KB.— In McKeesport, Pa., 0.46m.; total track, 0.70 mile. Gauge, 4 ft.
SJ.in. Rail (steel), 75 Ibs. Organized July 30, 18%; road opened Jan. 1, 1897. Locomotive, 1. Cars— freight
(flat, 6 ; coal. 3), 9.

Operations, year ending June 30, 1897.— Tons moved, 39,168. Earnings (freight), $3,605. Operating ex-
penses, $2,177. Net earnings, $1,428.

Financial Statement, June 30, 1897.— Capital stock (anth., $100,000 ; shares, $50), $12,000 ; current
liabilities, $5,035 ; profit and loss, $1,428— total, $18,463. Contra : Cost of road, etc., $18,173 ; cash and current
assets, $290— total, $18,463.

Directors (elected July 20, 1897).— W. Dewees Wood, Alan W. Wood, Pittsburgh, Pa.; Richard G. Wood,
Alan D. Wood, Allegheny, Pa.; Thos. D. Wood, Santa Barbara, Cal. OFFICERS : W. DEWEES WOOD, Pres.,
Pittsburgh, Pa.; Richard'G. Wood, Vice-Pres., Allegheny, Pa.; Alan W. Wood, Sec. <& Treas., Pittsburgh, Pa.;
Thos. D. Wood, Gen. Man., Santa Barbara, Cal. GENERAL OFFICE, McKeesport, Pa.

MANAHAWKIN AND LONG BEACH TRANSPORTATION CO.-Incorp. Dec. 30, 1893.
Operates the Barnegat RK. under lease, and the Philadelphia and Beach Haven RR. from Manahawkin to Beach
Haven, N. J., 12 m., under contract— total, 19.73 miles. (See MANUAL for 1895, p. 1388, and for statement of Phila-
delphia and Beach Haven RR., see GENERAL INDEX.) Locomotive, 1. Cars (passenger, 1 ; baggage, etc., 1 ;
freight flats, 2), 4. Capital stock, $8,000 ; no bonds.

Operations, etc. — All information refused.

BARNEGAT RR.— Barnegat City June, to Barn- I $50,158. Contra: Cost of road, etc., $50,000; cash.

egat City, N. J., 7.73 miles. Gauge, 4 ft. 8i In.
Operated under lease (annual rental, $100) since
March 14. 1894, by the Manahawkin and Long Beach
Transportation Co. (See Manual for 1895, p. 1388.)

$158— total. $50,158. W. J. Sewell, Pres., Camden,
N. J.; F. W. Schwarz, Sec.; John M. Wood, Treas.,
Philadelphia. Pa. General Office, Broad Street Sta-
tion, Philadelphia, Pa.

Capital stock, $50,000; profit and loss, $158— total,

Directors (M. & L. B. T. Co.).— I. A. Lee, Geo. Pfeiffer, Jr., Camden, N. J. ; Thos. Callahan, Francis Feni-
more, B. F. Archer, Camden, N. J. ; Alfred Hugg, W. H. Sayen, Philadelphia, Pa.; W. J. Thompson, Gloucester,
N. J. OFFICERS: GEO. PFEIFFER, JR., Pres., Camden, N. J.; Thos. Callahan, Vice-Pres., Philadelphia, Pa. ;
Isaac A. Lee, Gen. Man., Camden, N. J. ; Francis Fenimore, Sec. & Treas., Philadelphia, Pa.

MARINE RY.— Manhattan Beach Hotel to Brighton Beach, Coney Island, N. Y., 0.326m.; 2d track,
0.326m.; sidings, 0.036 mile. Gauge. 4 ft. 8* in. Rail (steel), 62J Ibs. Chartered Feb. 27, 1878 : road opened
July-19, 1878. This company was formerly controlled by the Long Island RR. Co. The road is now operated in-
dependently. Locomotives, 2. Cars (passenger), 4.

Operations, year ending June 30, 1897.— Passengers carried, 21,100. Earnings (passenger), $1,055. Ope-
ratiugexpeuses, $5,084. Deficit from operations, $4,029. Paid taxes, $51. Deficit for year, $4,080.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $50,000 : current accounts, $28,338 ;
profit and loss, $15,125— total, §93,463. Contra : Cost of road, etc., $90,842 : accounts, $2,621— total, $93,463.

Directors.— Austin Corbin, Geo. S. Edgell, J. K. O. Sherwood, W. G. Bosworth, New York, N. Y.;
Frederick Cook, Orange, N. J.; W. J. Kelly, Brooklyn, N. Y.; D. S. Voorhees, Woodbridge, N. J. OFFICERS :
GEO. S. EDGELL, Pres.; Austin Corbin, Vice-Pres.; W. G. Bosworth, Treas.; D. S. Voorhees, Sec., New York,
N. Y. GENERAL OFFICE, 192 Broadway, New York, N. Y.

MEDIX RUN RR.— Medix Run to Orchard Station, Pa., 8 m. ; spur from main line to mill and tannery,
0.5 m.— total, 8.5 m. ; total track (steel; 40 Ibs.), 9.5 miles. Gauge, 4 ft. 8 in. Chartered Feb. 7, 1895; road opened
as a private logging road in Sept., 1893. Locomotives, 2. Cars (flat, 4; logging, 20), 24.

Operations, year ending June 30, 1807.— Earnings (freight), $3,847. Operating expenses, $6,498. Deficit
from operations, $2.651.

Financial Statement, June 30, 1897.— Capital stock (auth., $80,000; shares, $50), $70,200; current liabili-
ties, $4,637— total, $74,837. Contra: Cost of road, etc., $66,305 ; materials, etc., $100 ; profit and loss, $8,432—
total, $74,837.

Directors (elected Feb. 8, 1898).— Geo. E. Dodge, New York, N. Y.; J. W. Hartman, L. A. Amsden, Adam
Paxton, Medix Run, Pa.: Isaac S. Case, N. S. Brittam, Geo. H. Rhoads, Tobyhanna Mills, Pa. OFFICERS : Geo.
E. Dodge, Pres., New York, N. Y.; F. D. Soper, Sec., Brooklyn, N. Y.; J. W. Hartman, Treas. & Gen. Sttpt.,
Medix Run, Pa. GENERAL OFFICE, Medix Run, Pa.

MIDDLEBTJRG AND SCHOHARIE RR.— Middleburg to Schoharie, N. Y., 5.33m.; total track
(steel, 5.33 m.), 6.33 miles. Rail, 56 Ibs. Gauge, 4 ft. 8± in. Chartered May 8, 1867 ; road opened Oct. 19, 1868.
Locomotives (leased, 1), 2. Cars— passenger, 2 ; other, 1— total, 3.

Operations, year ending June 30, 1897.— Trains run (mixed), 11,000 miles. Passengers carried, 12,042;
carried one mile, 63,550. Tons moved, 4,650 ; ton-miles, 24,800. Earnings (passenger, $4,036 ; freight, $4,114 ;
other, $602), $8,753. Operating expenses, $7,574. Net earnings, $1,179. Payments : Interest on bonds, $900 ;
taxes, $554— total, $1,454. Deficit, $276; surplus forward, $6,155 ; net surplus ($5,879, less new rails, renewals,
etc., charged to profit and loss, $3,800), $2.079.

Financial Statement, June SO, 1897.— Capital stock (auth., $100,000; shares, $100), §87,000; funded debt
(refunded mtge. 5 p. c. 20-yr. coup, bonds, due May 1, 1916, interest May and Nov.), $18,000; accounts, etc., $673;
profit and loss, $2,079— total, $107,602. Contra : Cost of road, etc., $103.575; materials, etc., $145; cash, $2,382;
accounts, etc., $1,500— total $107,602. Trustees of bonds : Dow Beekman and D. D. Frisbie. Middleburg, N. Y.

Directors.— G. N. Frisbie, Duryea Beekman. William H. Engle, G. L. Danforth, Dow Beekman,-J. L. Engle,
W. E. Bassler, H. A. Vroman, D. D. Frisbie, J. B. Badgley, Nathaniel Manning, W. H. Neville, Middleburg, N. Y.;
Emmet Haines, Fultonham, N. Y. OFFICERS: G. N. FRISBIE, Pres.; Dnryea Beekman, Vice-Pttg.; Geo. L. Dan-
forth, Treat. & Supt.j Daniel D. Frisbie, Sec., Middleburg, N. Y. GENERAL OFFICE, Middleburg, N. Y.

MOHNSVILLE AND ADAMSTOWN RR.— Mohnsville to Adamstown, Pa., 8 miles. Gauge, 4
ft. 8i in. Rail (cteel), — Ibs. Organized May 29, 1894 ; road opened in 1896-97.

POOR'S MANUAL OF RAILROADS. 77

Operations, year ending June 30, 1897.— Earnings (passenger), $5,499. Operating expenses, $6,032. Deficit
from operations, §533.

Financial Statement, June 30, 1897.— Capital stock authorized, $75,000 ; paid in, $23,000 ; funded debt,
$5,600. Cost, of road, $61,724.

Directors (elected Jan., 1898).— Esaias Billingfeet, Rufus M. Hyman, Henry G. Mohn, John Zerbe, Elmer
E. Billingfeet, Adamstown, Pa. ; Isaac S. Spatz, Mohn's Store. Pa. ; S. W. Miller, Henry C. Geissler, J. B. Sterley,
Wellington Van Reed, Vincent S. Seltzer, Jas. W. Shepp, Reading, Pa. OFFICERS : L. T. CUSTER, Pres.; Esaias
Billingfeet, Vice-Pres.; Vincent S. Seltzer, Sec. & Treas.; J. II. Passmore, Gen. Man., Reading, Pa. GENERAL
OFFICE, Reading, Pa.

MONONOAHELA CONNECTING- RR.-Ormsby Station, P., V. & C. RR., to Laughlin, B. & O.
RR., 0.85 m.; branches, P. & L. E. RR. connection, 0.5 m.; West Branch, 0.71 m.; East Branch, 0.24 m.; other,
1.47 m.— total, 3.77 m. ; total track (steel ; 60 and 70 Ibs.), 16.59 miles. Gange, 4 ft. 8J in. Incorp. in 1885 ; road
opened June 1, 1887. Locomotives, 7. Freight cars (gondola), 29; other, 4— total, 33.

Operations, year ending June 30, 1897. — Earnings (freight), $153,144. Operating expenses, $86,306. Net
earnings, $66,838. Payments: Interest on bonds, $12,000; rentals, $2,739; dividends (8 p. c.), $36,000; taxes, $4,323
—total, $55,062. Surplus, $11,776.

Financial Statement, June 30, 1397.— Capital stock (auth., $500,000; shares, $100), $450,000 ; 1st mtge.
bonds, $200,000 ; earnings applied to construction and equipment, $101,348 ; accounts payable, $7,990 : profit and
loss, $65,878— total, $831,216. Contra: Construction and equipment, $751,348 ; materials and supphes,'$5,343 ;
cash and accounts receivable, $74,525 — total, $831,216.

Directors (elected Jan. 10, 1898).— Henry A. Laughlin, B. F. Jones, B. F. Jones. Jr., George M. Laughlin,
W. L. King, W. L. Jones, James Laughlin, Jr., Pittsburgh, Pa. OFFICERS : HENRF A. LAUGHLIN, Pres.; James
Laughlin, Jr., Vtce-Prfs. & Treas.; Benjamin Page, Sec. & And.; W. W. Willock, Gen. Man., Pittsburgh, Pa.
GENERAL OFFICE, Pittsburgh, Pa. •

MONTOUR KB.— Montour June, to Imperial, Pa., 11 m.; total track (steel ; 60 and 70 Ibs.), 14.5 miles.
Gauge. 4ft. 8J in. Incorp. Sept. 10, 1877. Locomotives, 3. Cars— passenger, 3 ; freight, 207— total, 210.

Operations, year ending June 30, 1897.— Trains run (passenger. 35,840 ; freight, 8,900), 44,740 miles. Pas-
sengers carried, 26,512 ; curried one mile, 324,666. Tons moved, 198.902 ; ton-miles, 2,187,922. Earnings (passen-
fer, $12,824; freight, $33,234 ; other, $859), $46,917. Operating expenses, $35,104. Net earnings, $11,813. De-
actions, $395. Surplus, $11,408.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $100,000 ; funded debt (1st mtge. 6 p.
c. 10-yr. bonds, due July 1, 1X89, interest Jan. and July), authorized and outstanding, $100,000 ; profit and loss,
$38,079— total, $238,079. Contra : Cost of property, $208,250 ; cash and accounts, $29,829— total, $238,079. Trus-
tee of bonds : Union Trust Co., Philadelphia, Pa.

Directors.— W. J. McKinnie, Cleveland, O.; U. A. Andrews, W. M. Short, J. R. McCreery, Pittsburgh,
Pa.; W. C. Andrews, New York, N. Y. OFFICERS : W. J. McKiNNiE, Pres.; Wm. M. Short, Sec.; U. A. Andrews,
Gen. Man.; H. J. McKinnie, Aud., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

MORRIS COUNTY RR.— Charlottsburg June, to Morris Co. June., N. J., 14 m.; Wharton Sta.
to Wharton June., 4m.— total, 18 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8$ in. Road built in 1886 ; opened from
Green Pond to Port Oram, N. J., 12 m., in 1887. In 1888 the Charlotteburg and Green Lake RR. was acquired.
The company owns 1 locomotive and 1 combination car, and leases 10 flat cars.

Operations, year ending June 30, 1897. — Trains run (mixed), 23,200 miles. Passengers carried, 2,510.
Tons moved, 70,100. Earnings (passenger, $676; freight, $15,048; other, $48), $15,772. Operating expenses,
$15,631. Surplus, $141.

Financial Statement.— Capital stock, $300,000; funded debt, 1st mtge. 6 p. c. 30-yr. $1,000 coup, bonds,
dated Sept., 1886, interest March and Sept., $300,000.

Directors (elected Dec. 6, 1897).— Joseph Wharton, Wm. R. Wharton, J. Bertram Lippincott, Robert Roger
Haydock, Philadelphia, Pa.; Elias Wright, Atlantic City, N. J.; Frederick Voigt, Harry C. Wenner, Camden,
N. J.; Garret A. Hobart, Alexander Elliott, Jr., Paterson, N. J.; Edward Kelly, Andrew M. Ryan, Port Oram,
N. J.; Robert F. Oram, Sr., Dover, N. J. OFFICERS: JOSEPH WHARTON, Pres., Philadelphia, Pa.; Edward
Kelly, Vice-Pres., Sec. & Treas., Port Oram, N. J. GENERAL OFFICE, Port Oram, N. J.

MOUNT HOPE MINERAL RR.— Mount Hope to Port Oram, N. J., 3.54 miles. Rail (steel), 56 Ibs.
Gauge, 4 ft. 8J in. Locomotives, 2.

Operations, year ending June 30, 1897. — Earnings (freight), $11,755. Operating expenses, $7,326. Net
earnings, $4,428; other receipts, $125— total, $4,553. Total deductions (including dividends, $4,000), $4,699.
Deficit, $146.

Financial Statement.— Capital stock (shares, $100), $160,000. Cost of road, $138,450.

Directors.— John I. Blair, Blairstown, N. J.; D. C. Blair, Belvidere, N. J.; W. P. Hardenbergh, Newark,
N. J. ; Walter Scranton, East Orange, N. J. ; Samuel Sloan, Moses Taylor Pyne, J. P. Higginson, New York, N.Y.
OFFICERS : WALTER SCRANTON, Pres.; J. P. Higginson, Sec. & Treas., New York, N. Y. GENERAL OFFICE, 52
Wall Street, New York, N. Y.

MOUNT JEWETT, CLERMONT AND NORTHERN RR.-Monnt Jewett to Gallup, Pa., 7.6
miles. Total track (steel; 40 and 60 Ibs.), 10.54 miles. Gauge, 4 ft. 8± in. Consolidation, May 26, 1897, of the
Mount Jewett and Smethport RR., owning the line as above, and the Emporium and Mt. Jewett RR. Cos. (see
MANUAL for 1897, p. 70). Locomotive, 1. Cars (flat, 34; other, 1), 35.

Operations, from May 26 to June 30, 1897.— Trains run (passenger, 163; freight, 590) 753 miles. Passen-
gers carried, 114; carried one mile, 570. Tons moved. 8,924; ton-miles, 44,620. Earnings (passenger, $22; freight,
$2,061), $2.084. Operating expenses, $636. Net earnings, $1,447.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $350,000; accounts, $111; profit and
loss, $1,447— total, $351,559. Contra; Cost of road, etc., $350,000; cash, $1,559— total, $351,559.

Directors.— Ben j. F. Hazelton, Edwin E. Tait, Thos. P. Thompson, Edwin F.Clark, Franklin P. Hazelton,
William C. Purple, Chas. D. Purple, Bradford, Pa. OFFICERS: BENJ. F. HAZELTON, Pres.; Edwin F. Clark,
Vice-Pres. & Gen. Man.; Edwin E. Tait, Treas.; Franklin P. Hazelton, Sec. & Aud., Bradford, Pa. GENERAL
OFFICE, Bradford, Pa.

MOUNT JEWETT, KINZUA AND RITERVILLE RR.— Mt. Jewett to Camp Halsey, Pa., 5
m.; switches, 2.97m.; total track (steel ; 50 Ibs.), 7.97 miles. Leased: Kinzua Hemlock RR.; Camp Halsey to
Westline, Pa.,8.5 m. ; switches, 4.05 m.; total track (steel; 50 Ibs.), 12.55 miles. Gauge, 4 ft. 8J in. Incorp. April 27,
1889; main line opened in 1889. Kinzua Hemlock RR. leased Dec. 15, 1891. The Mead Run RR. has been leased
since the close of the li seal year (see subjoined statement). Locomotives, 4. Cars— passenger, 2; freight (box,
2 ; flat, 12), 14; logging, 35 ; other, 1 —total, 52. This equipment is leased from the subsidiary companies. (See
subjoined statements.)

Operations, year ending June 30, 1897.— Trains run (freight, 11,829; mixed, 24,582; other, 3,673), 40,084
miles. Passengers carried, 15,122; carried one mile, 84,834. Tons moved, 116,482; ton-miles, 743,871. Earnings
(passenger, §4,012; freight, $37,173; other, $120), $41,305. Operating expenses, $34,661. Net earnings, $6.i>44.
Payments: Interest on bonds, $3,275; other interest, $617; taxes, $881,- rentals (K. H. RR.), $2,867— total, $7,640.
Deficit, $996; surplus forward ($4,493, plus correction, $1,025), $5,517; net surplus, $4,521.

78

POOR S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Financial Statement, June 30, 1897.— Capital stock ($50 shares), $80,000; funded debt (1st mtge. 6 p. c.
bonds issued, $40,000 April 1, 1891, interest April and Oct., and $40,000 Dec. 15, 1891, interest June and Dec.—
total issued, $80,000, of which $30,000 has been paid), $50,COO; bills payable, $9,248; current liabilities, $28,214 ;
profit and loss, $4,522— total, $171,984. Contra: Cost of property, $78,569; securities owned, $65,950; cash and
current assets, $27,409 ; materials and supplies, $56— total, $171,984. Interest payable at company's office.

KINZDA HEMLOCK RR.— Camp Halsey to
Westline, Pa., 8.5 m.; branches and spurs, 4.05 m.—
total, 12.55 miles. Gauge, 4 ft. 8} In. Rail (steel),
50 Ibs. Locomotives, 4. Cars — passenger, 2; freight
(box, 2; flat, 2), 4; logging, 25; other, 1— total, 32.
Organized June 12, 1890. Leased for 99 years from
Jan., 1892, to the Mt. Jewett, KInzua and Riterville
RR. Co., for three-eighths of net earnings of both
roads. Financial Statement, June 30, 1897.— Capital
stock, $112,100; current liabilities. $18,046; profit
and loss, $13,037— total, representing cost, etc.,
$143,184. Thos. L. Kane, Pres., Kane, Pa.; Elisha

K. Kane, Sec.; Z. E. Kane, Treas., Kushequa, Pa.
Corporate Office, Kushequa, Pa.

MEAD RUN RR.— Mt. Jewett to South Branch,
Pa., 1.25 miles. Rail (steel). 50 Ibs. Gauge, 4 ft.
8i in. Chartered April 30, 1897. Leased since the
close of the fiscal year to the Mt. Jewett, Kinzua
and Riterville RR. Co. Owns 10 log and 10 flat cars.
Financial Statement, June 30. 1897.— Capital stock,
$10,900; unfunded debt, $10,575— total, representing
cost, $21,475. Elisha K. Kane, Pres.; Z. E. Kane,
Treas. ; Le June Kepler, Sec.j Kushequa, Pa. Gen-
eral Office, Kushequa, Pa.

Directors, M. J., K. & R. RR. Co. (elected Jan., 1898).— Elisha K. Kane, A. B. Cody, R. B. Cody, Jas. A.
Hays, Kushequa, Pa.; Thos. L. Kane, Joshua Davis, Kane, Pa. OFFICERS : ELISHA K. KANE, Pres.; Z. E. Kane,
Treat., Kushequa, Pa.; Thos. L. Kane, S(c., Kane, Pa. GENERAL OFFICE, Kushequa, Pa.

MOUNT PENN GRAVITY BB.— Mineral Spring Park Station to summit of and around Mount
Penn, Pa., 8 miles. Rail (Steel), 45 Ibs. Gauge, 4 ft. 8J in. Incorp. April 26, 1889 ; road opened, March 31, 1890.
Locomotives, 2. Cars— passenger, 9; other, 2— total, 11.

Operations, year ending June 30, 1897.— Trains run (passenger), 17,608 miles. Passengers carried, 76,060 ;
carried one mile, 608,480. Earnings (passenger, $10.729; freight, $38; other, $137), $10,905. Operating expenses,
$11,055. Deficit from operations, $100. Charges : Interest on bonds, $5,400 ; taxes, $335— total, $3,935. Deficit,
$4,035; deficit forward, $56,187— total, $60,222.

Financial Statement, June 30, 1897.— Capital stock ($50 shares), $100,000; funded debt (1st mtge. 6 p.c.
10-yr. $100, $500, $1,000 coup, bonds, due April I, 1901, interest April 1 and Oct. 1, $60,000; 2d mtge. 6 p. c. 10-yr.
$100 and $500 coup, bonds, due April 11, 1902, interest April 1 and Oct. 1, auth., $40,000, outstanding, $39.400),
$99,400; other liabilities, 85,825— total, $205,225. Contra : Cost of property, $144,879 ; accounts, $124 ; profit
and loss, $60,222— total, $205,225. Coupons payable at the office of the trustee, the Reading Trust Co.,
Reading, Pa.

Directors (elected Jan. 10, 1898).— James Nolan, S. E. Ancona, Jesse G. Hawley, Thos. P. Merritt, Frank
8. Livingood, M. B. McKnigbt, Daniel H. Wingerd, Wm. R. McIlvain,H. A. Mnhlenberg, Jonathan G. Leinbach,
John Barbey, Ferd. Goetz, Reading, Pa. OFFICERS : JONATHAN G. LEINBACH, Pres.: Matthias Moyer, Vice-
Pres.; Frank S. Livingood, Sec. &Treas.; Wm. B. Harper, Gen. Supt., Reading, Pa. GENERAL OFFICE, Read-
ing, Pa.

MOUNT PLEASANT AND LATBOBE RR.— Mount Pleasant, Pa., to Texas branch of Southwest
Pa. RR., 0.69 mile. Gauge, 4 ft. 8* in. Rail (steel), 60 Ibs. Organized Aug. 20, 1881 ; road opened in 1881. Lo-
comotive, 1.

Operations, year ending June 30, 189?.— Earnings (freight), $2,596. Operating expenses, $2,596.

Financial Statement, June 30, 1897.— Capital stock, $13,000 ; profit and loss, $30— total, representing
cost of road, etc., $13,030.

Directors (elected Jan., 1898).— John Walker, H. M. Curry, W. F. McCook, Philip Keller, Jr., G. B. Bos-
worth, John G. A. Leishman, Pittsburgh, Pa. OFFICERS: W. F. McCooK, Pres,: Philip Keller, Jr., Sec. & Treas.,
Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

NATIONAL DOCKS BY.— Jersey City to Bayonne, N. J.. 8.30 m.; total track (steel ; 67 and 80 Ibs.).
23.39 miles. Gauge, 4 ft. 9 in. Chartered July 9, 1879 ; road opened as above Dec. 1, 1883. By agreement, dated
Dec. 28, 1897, ratified Jan. 13, 1898, the National Docks and New Jersey Junction Ry. Co., the Kill von Knll Ry.
Co. and the Bay Creek Ry. Co. were merged with the National Docks Ry. Co., the consolidation providing for the
exchange of the stocks of constituent companies share for share for stock of the National Docks Ry. Co. By
this consolidation the capital stock is increased to $3,854,000, and the tunnel under the Pennsylvania RR. yard at
Point of Rocks becomes part of this road. The company owns 3 cars.

Operations, year ending June 30, 1897.— Tons moved, 3,173,068. Earnings (freight), $232,478. Operating
expenses, $64,331. Net earnings, $168,147 ; other receipts, $3,995— total, $172,142. Payments: Taxes, $11,212;
dividends (12 p. c. July 1, 1897). $330,000; other payments, $1,405— total, $342,618. Deficit, $170,476 ; surplus for-
ward, $269,613 ; net surplus, $99,137.

Financial Statement, June 30, 1897.— Capital stock, $2,750,000; current accounts, $18,067: dividends,
$330,000; profit and loss, $99,137— total, $3,197,205. Contra: Cost of property, $2,907.536; materials, etc.,
$8,101 ; current accounts, $218,017 ; cash, $63,551— total, $3,197.205.

Directors (elected May 3. 1897).— C. A. Sterling, H. H. Rogers, W. H. Tilford, . J. D. Archbold, T. H.
Wheeler, New York, N. Y.; E. P. Wilbur, R. H. Sayre, South Bethlehem, Pa.; John B. Garrett, Charles Harts-
horne, H. S. Drinker, Philadelphia, Pa. OFFICERS : CHAS. A. STERLING, Pres.; New York, N. Y.; E. P. Wilbur,
1st Vice-Pres.; R. H. Sayre, 2d Vice-Pres., South Bethlehem, Pa.; T. H. Wheeler, 3d Vice-Pres.; C. M. Johnson,
Treas.; James A. Hand, Sec., New York, N. Y. GENERAL OFFICE, 45 Broadway, New York, N. Y.

NEWBUBOH, DUTCHESS AND CONNECTICUT BB.— Dutchess June, to Millerton, N. Y.,
58.84 miles. Leased : Clove Branch RR. (see below), 4.25 m.; N. Y. B. <fc M. Ry., Sylvan Lake to Clove Valley,
N. Y., 4.01 miles. Total operated, 67.10 miles. Sidings, 10.76 miles. Gauge, 4 ft. 8i m. Rail (steel, 58.54m.), 56,
60, and 74 Ibs. Successor Jan. 8, 1877, to D. & Col. RR. Co. (see MANUAL for 1892). The Clove Branch RR. has
been operated by this company since July 1, 1896 (see subjoined statement). Locomotives, 9. Cars— passenger,
8 ; combination, 4 ; freight (box, 37 ; stock. 4 ; flat, 20 ; coal, 162), 223 ; cabooee, 1 ; other, 4— total, 240. Of this
equipment, 1 locomotive, 1 combination, and 43 coal cars are leased.

Operations, year ending June 30, 1897.— Trains rnn (passenger, 32,577 ; freight and mixed, 99,397 ; other,
7,825), 139,799 miles. Passengers carried, 66,026 ; carried one mile, 1,073,700. Tons moved, 69.536 ; ton-miles,
1,273,703. Earnings (passenger, $24,108 ; freight, $55,885 ; other, $6,544), $86,537. Operating expenses, $106,398.
Deficit from operations, $19,861 ; miscellaneous receipts, $45,045 ; net income, $25,184. Payments : Interest on
bonds, $11,300; other interest, $2,580; taxes, etc., $9,400— total, $23,280. Surplus, $1,904; surplus forward,
$111,104— total, $113,008.

Financial Statement, June 30, 1897.— Capital stock (shares, $50)— common, $500,000 ; preferred, $600,000;
funded debt, $1,390,500 ; real estate mtges., $42,500 ; bills payable, $10,581 ; accounts, $16,587 ; accrued interest,
$1,883 ; profit and loss, $113,008— total, $2,675,060. Contra : Cost, of road, etc., $2,6:33,143 ; real estate, §4,946 ;
materials, etc., $11,228 ; other property and assets, $2,153 ; accounts, $17,358 ; interest on bond?, $1,883 : cash,
$4,349— total, $2,675,060. Funded debt : $226,000 coll. trust 5p. c. 30-yr. $1,000 coup, bonds, dated May 1, 1891,
interest May and Nov., at New York, N. Y.; and $1,164,500 inc. mtge. 6 p. c. 100-yr. $500 and $1,000 reg. bonds,
dated June 1, 1877, interest if earned. Trustees : Coll. trust. Central Trust Co. of New York ; incomes, Jno. S.
Schultze. Income bonds have voting power and are convertible into preferred stock at the option of the holders.

POORS MANUAL OF RAILROADS.

79

CLOVE BRANCH RR., Clove Branch June, to
Sylvan Lake, N. Y., 4.25 m.; total track, 5.68 miles.
Gauge, 4 ft. 8i In. Rail, 56 Ibs. Incorp. Nov. 21,
1868; road opened In 1870. Operated under agree-
ment since July 1, 1896 by the N., D. & C. RR. Co.,
which receives all income arid pays all expenses of
this company. Financial Statement, June 30, 1897.—

Capital stock (shares, $50), $150,000; unfunded debt,
$9,336; profit and loss, $30,859— total, $190,195.
Contra: Cost of road, etc., $188,951; real estate, $1,-
223; other assets, $21— total, $190,195. James Brown
Potter, Pres., New York, N. Y.; Wm. A. Wells, Sec.
& Treas., Matteawan, N. Y. General Office, Mattea-
wan, N. Y.

Directors« N. D. & C. RR. Co. (elected Oct. 28, 1897').— John Crosby Brown, William Lummis, James
Brown Potter, Win. B. Lord, R. Somers Hayes, James Crosby Brown, Clarence Cary, Wm. C. Legendre, New
York, N. Y.; G. Hunter Brown, Jr., Fishkill-on-Hudson, N. Y.; L. B. Ward, Jersey City, N. J.: F. W. Cram,
Bangor, Me.; R. G. Coffin, So. Mill brook, N. Y.; Samuel K. Phillips, Matteawan, N. Y. OFFICERS: JOHN
CROSBY BROWN, Pres., 59 Wall St., New York, N. Y.; G. Hunter Brown, Jr., Vice-Pres. <& Gen. Man.; W. A.
Wells, Sec. & Treas., Matteawan, N. Y. GENERAL OFFICE, Matteawan, N. Y.

NEW CASTLE AND BUTLER RY.-New Castle to Mineral Ridge, Pa., 2.5 miles. Gauge 3 ft.
2 in. Rail (steel), 60 Ibs. Organized Sept., 1881. The stock of this company is owned by M. S. Marquis, and
the road is operated by him for his sole use. Locomotives, 2. Cars (box), 75.

Operations, year ending June 30, 1897.— Trains run (freight), 7,835 miles. Tons moved, 52,593 ; ton-miles,
105,186. Earnings (freight), $5,259. Operating expenses, $8,480. Deficit, |3,221 ; deficit forward, $16,301— total,
$19,521.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $30,000. Contra : Cost of road, etc.,
$20,000 ; profit and loss, $19,521— total, $39,521.

Directors (elected June 1, 1897).— M. S. Marquis, W. E. Reis, W. H. Marquis, New Castle, Pa. OFFICERS :
M. S. MARQUIS, Pres; W. E. Reis, 1st Tice-Pres.; E. N. Oh), Zd Vice-Pres.; w! H. Marquis, Treas. & Stipt.; F.
W. Marquis, Sec.; George B. Berger, Gen. Man., New Castle, Pa. GENERAL OFFICE, New Castle, Pa.

NEW HAVEN AND DUNBAR RR.— B. & O. RR. Jet. to Deer Lick Ford, Pa., 2.3 m.; S. W. P.

RR. to Irishtown Run, 0.62 in.; Dunbar Furnace Co. stockhouse to Limestone, 1.47 m. — total, 4.39 m.; total
track, 9.19 miles. Gauge, 4 ft. 8} in. Organized Nov. 22, 1892. Locomotives, 3. Cars (freight), 41.

Operations year ending June 30, 1897.— Tons moved, 239.699. Earnings (freight), $15,691. Operating ex-
penses, $14,962. Net earnings, $729.

Financial Statement, June 30, 1897.— Capital stock (auth., $40,000 ; shares, $100), $8,000 ; current lia-
bilities, $28,729— total, $36,729. Contra: Cost of road, etc., $27.027 ; cash and current assets, $9,300 ; profit and
loss, $2-22— total, $36,729.

Directors.— Chas. H. Kimball, Dunbar, Pa.; Rodman Wister, John N. M. Shimer, W. C. Harris, Philadel-
phia, Pa.; Frank A. Hill, Roanoke, Va. OFFICERS : JOHN N. M. SHIMER, Pres.; W. C. Harris, Sec., Philadel-
phia, Pa. Fred. A. Hill, Treas., Roanoke, Va.; Charles McCrery, Gen. Man., Dunbar, Pa. GENERAL OFFICE,
Bullitt Building, Philadelphia, Pa.

NEWPORT AND SHERMAN'S VALLEY RR.— Newport to New Germantown, Pa., 28.5 m.;
total track (steel : 40 1 bs.), 30.67 miles. Gauge, 3 ft. Chartered July 30, 1890 ; road opened as above, Dec. 31, 1892.
(See MANUAL for 1893.) Locomotives (owned, 2 ; car trust, 2), 4. Cars — passenger, 2; freight (box, 12 ; stock,
11 ; flat, 18 ; coal, 18), 59 ; other 4— total, 65.

Operations, year ending June 30, 1897.— Trains run, mixed (est.), 45,000 miles. Passengers carried, 19,439 ;
carried one mile, 2315,087. Tons moved, 17,468 ; ton-miles, 274,885. Earnings (passenger, $6,287 ; freight, $10,775 ;
other, $2,059), $19,122. Operating expenses, $9,530. Net earnings, $9,592. Payments : Interest on bonds, $6,593;
other interest, $3,801 ; other payments, $615— total, $11,009. Deficit, $1.417.

Financial Statement, June 30, 1897.— Capital stock (auth., $180,000 ; shares, $50), $131,418; funded debt
(1st mtge. 5 p. c. 20-yr. $500 coup, bonds, due 1911, interest Jan. and July, $125,000; 2d mtge. 4 p. c. $50, $100, $200,
and $500 reg. bonds dated 1896, due 1921, interest April and Oct. [anth., $70,000], $11,950), $136,950 ; car trusts,
$16,012 ; current accounts, $69,781— total, $354,162. Contra: Cont of road, $300,624 ; equipment, $49,401 ; other
property and assets, $2,253 -profit and loss, $1,884— total, $354,162. Trustee of 1st mtge. bonds : Commonwealth
Trust, Title and Ins. Co., Philadelphia, Pa.; of 2ds, John Fleisher and J. B. Eby, Newport, Pa. Interest on
bonds payable at the Treasurer's office.

Directors (elected Jan. 11, 1898).— H. H. Bechtel, Cincinnati. O.; B. M. Eby, George Fleisher, Jag. Everhart,
John Fleisher, Newport, Pa.; Jas. A. Gray, Elliottsburg, Pa.; Thos. F. Martin, Cisnas Run, Pa. OFFICERS:
DAVID GBING, Pres., Newport, Pa.; C. K. Miller, Sec. & Treas., Newport, Pa. GENERAL OFFICE, NEWPORT, Pa.

NEW YORK AND PENNSYLVANIA RR.-Canisteo, N. Y., to Oswayo, Pa., 41.10 miles.
Sidings, etc., 2.30 miles. Gauge, 4 ft. 81 m. Rail (steel), 60 to 65 Ibs. Consolidation, April 28, 1896, of the Olean,
Oswayo and Eastern and the New York and Pennsylvania RR. Cos. (For history of these companies, see MAN-
UAL for 1897.) An extension is proposed from Oswayo, Pa., northwest, to Ceres, N. Y., 18 m., and thence to
Olean, N. Y., 10 m. farther. Locomotives, 3. Cars — passenger, 2 ; freight (flat), 23— total, 25.

Operations, year ending June 30, 1897.— Trains run (passenger, 38,112 ; freight, 21,672), 59,784 miles.
Passengers carried, 18,868 ; carried one mile, 252,861. Tons moved, 30,274 ; ton-miles, 555.630. Earnings (pas-
senger, $7,183 ; freight, $20,557 ; other, $1,081), $28,821. Operating expenses, $19,445. Net earnings. $9,376.
Payments : Interest on bonds, $5,523 ; taxes, $506— total, $6,029. Surplus, $3,347 ; deficit forward, $51 ; net
surplus, $3,296.

Financial Statement, June 30, 1897.— Capital stock ($100 shares ; auth., $500,000), $402,000 ; funded
debt (1st mtge. 6 p. c. 20-yr. $100, $500, and $1,000 bonds, dated July 1, 1896, interest Jan. and July at the company's
office, Hornellsville, N. Y. ; auth., $420,000), $380,000 ; current liabilities, $4,085 ; profit and loss, $3,296— total,
$849,381. Contra : Cost of road, etc., $842,000 ; cash and current assets, $7,381— total, $849,381.

Directors (elected June 1, 1897).— Morris S. Chase, Whitesville, N. Y.; Theodore Cobb, Wm. Cobb, Spring
Mills, N. Y.; S. E. Crittenden, S. W. Crittenden. W. W. Crittenden, A. B. Payne, D. N. Rumsey, Oswayo, Pa.;
Benton McConnell, William Richardson, Hornellsville, N. Y.; W. G. Porter, Canisteo, N. Y.; Geo. M. Webster,
Greenwood, N. Y.; J. Newton Peck, Coudersport, Pa. OFFICERS : WILLIAM COBB, Pres., Spring Mills, N. Y.;
Benton McConnell, Vlce-Pres.; J. W. Near, Sec.; William Richardson, Treas., Hornellsville, N.Y.; J. B. Rumsey,
Gen. Man.; D. N. Rumsey, And., Oswayo, Pa. GENERAL OFFICE, Oswayo, Pa.

NEW YORK CENTRAL. HUDSON RIVER AND FORT ORANGE RR.-Castleton to
Shodack, N. Y., 0.6 mile. Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered Sept. 1, 1884. Operated as a switch
branch of the New York Central and Hudson River RR., and used mainly for carrying freight to and from the
Fort Orange Paper Cos. Works. The superstructure is owned by the N. Y. C. & H. R. RR. Co. Locomotive, 1;
other equipment supplied by N. Y. C. & H. R. RR. Co.

Operations, year ending June 30, 1897.— Trains run (passenger, 2,000; freight, 1,200), 3,200 miles. Earn-
ings (freight), $3,566. Operating expenses, $2,211. Net earnings, $1,855. Paid taxes, $38. Surplus, $1,318;
deficit forward, $95; net surplus, $1.223.

Financial Statement, June 30, 1897.— Capital stock (auth., $10,000; shares, $10), $2,000; current
accounts. $1,500; profit and loss, $1,223— total, $4,723. Contra: Cost of road, etc., $3,500; accounts, $1,223—
total, $4,723.

Directors.— C. C. Woolworth, W. E. Redington, Colton Woolworth, H. H. G. Ingalls, Castleton, N. Y.; J.

80

POOR S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

S. Graham, New York, N. Y.; S. C. McKown, Rochester, N. Y.; Wm. H. Bunce, Jersey City, N. J. OFFICERS:
C. C. WOOLWORTH, Pres.j S. C. McKown, Vice-Pres.; John S. Graham, Treas.; Colton Woolworth, Sec., Castle-
ton, N. Y. GENERAL OFFICE, Castleton, N. Y.

NIAGARA JUNCTION RY.— Port Day to Fletcher's Corners, N. Y., 5.34m.; total track, 10.12 miles.
Rail (steel), 80 Ibs. Gauge, 4 ft. 8£m. Chartered May 23, 1892; road built same year. Locomotives, 2. Cars-
freight (flat), 8; service, 8— total, 16.

Operations, year ending June 30, 1897.— Earnings (freight), $20,424. Operating expenses, $15,042. Net
earnings, $5,382; other receipts, $144— total, §5,526. Payments: Interest on debt, $8,675 ; taxes, $3,593; other pay-
ments, $97— total, $12,365. Deficit, $6,838; deficit forward, §6,020— total, $12,859.

Financial Statement, June 30, 1897.— Capital stock authorized and issued (shares, $100)— common,
$160,000; preferred, $140,000; bills payable, $133,012; accounts, $4,326— total, $437,338. Contra : Cost of road,
etc., $421,201 ; accounts, $1.640; cash, $1,638; profit and loss, $12,859— total, $437.338. Preferred stock is entitled
to 8 p. c. cumulative dividends, payable periodically out of surplus net earnings.

Directors (June 1, 1897).— Edward D. Adams, George S. Bowdoin, Charles F. Clark, Charles Lanier, Joseph
Larocque, D. O. Mills, William B. Rankine, Francis Lynde Stetson Frederick W. Whitridge, Edward A. Wickes,
John Jacob Astor, New York, N. Y. OFFICERS : EDWARD D. ADAMS, Pres.; Francis Lynde Stetson, 1st Vice-
Pres.; Edward A. Wickes, 2d Vice-Pres.; William B. Rankine, Sec. & Treas,; W. Paxton Little, Auditor, New
York, N. Y. GENERAL OFFICE, Niagara Falls, N. Y.

NITTANY VALLEY RR.— June. B., N. & L. RR. to Ore Banks, Pa., 4.V5 m.; total track (steel; 56
Ibs.), 5.62 miles. Gauge, 4 ft. 9 in. Chartered March 15, 1887. Road leased on May 1, 1891, to Valentine Iron Co.,
Bellefonte, Pa., andlease renewed for 5 years from May 1, 1893; yearly rental, $8,250. Locomotives, 3. Cars, 10.

Financial Statement, Oct. 31, 1897 .—Capital stock (shares, $50), $75,000; funded debt (1st mtge. 6 p. c.
30-yr. $1,000 coup, bonds, due 1917, interest April and Oct.), §75,000; profit and loss, §32,615— total, $182,615.
Contra : Cost of road, etc., $181,503; real estate, $757; aowunts and cash, $354— total, $182,615. Interest payable
at 122 Walnut St., Philadelphia, Pa. Trustee of bonds: Fidelity Insurance, Trust and Safe Deposit Co.

Directors.— Jones Wister, J. N. M. Shimer, W. Rotch Wister, Samuel Bispham, J. A. McKee, H. E.
Young, Philadelphia, Pa.; John S. Brown, Swarthmore, Pa. OFFICERS : JONES WISTER, Pres.; M. W. Walsh,
Sec. & Treas., Philadelphia, Pa.; M. J. Gardner, Sup/., Bellefonte, Pa. GENERAL OFFICE, 672 Bullitt Bldg.,
Philadelphia, Pa.

NORTH BEND AND KETTLE CREEK RR. -North Bend to McLains Camp, Pa., 13.54m.;
Oleona Jet. to Lebo Run, Pa., 11.14 m. ; Deep Hollow to Ewing and Brooks, 1.0 m. — total, 25.68 miles. Gauge, 4
ft. 8i in. Rail (steel), 60 Ibs. Organized April 24, 1893; road opened as above May 1, 1896. Locomotives, 3.
Cars— passenger, 3; freight (box, 15; flat, 15; log trucks, 50), 80— total, 83.

Operations, year ending June 30, 1897.— Trains run (passenger, 6,750; freight. 8,250; other, 20,016) 35,016
miles. Earnings (passenger, §719; freight, $8,792), $9,511. Operating expenses, §16,581. Deficit from operations,
$7,070; deficit forward, $10,004— total, $17,074.

Financial Statement, June 30, 1897.— Capital stock (auth., $150,000; shares, $50), $75,000; current liabili-
ties, $150,282; protit and loss, $17,074— total, $242,356. Contra : Cost of property, $221,580; materials, etc., $3,702;
profit and loss, $17.074— total, $242,356.

Directors (elected Jan., 1898). — Wm. Howard, A. P. Perley, Williamsport, Pa.; L. R. Gleason, Chas.
Gleason, Canton, Pa. ; Jas. Gleason, I. W. Gleason, F. A. Blackwell, Gleasonton, Pa. OFFICERS : WM. HOWARD,
Pres.; A. P. Perley, Treas.; I. W. Gleason, Sec.; F. A. Blackwell, Gen. Man., Gleasonton, Pa. GENERAL
OFFICE, Gleasonton, Pa.

OGDEN'SBURG AND LAKE CHAMPLAIN RR.— ogdensburg to ROUS'S Point, N.Y., nsmiies.

Leased (during fiscal year) Saratoga and St. Lawrence RR., Moira to Bombay Junct.,6.5 miles. Total operated, June
30, 1897, 126.5 miles. Sidings, 36.80 miles. Gauge, 4 ft. 8$ in. Rail (steel), 56, 72, and 80 Ibs. Successor, Aug. 1,
1865, to the Ogdensburg RR. Co. Controlling interest acquired in 1884 by the Central Vermont RR. Co., and road
leased in perpetuity by that company, June 1, 1886, at a rental equivalent to interest on the bonds. Default was
made April 1, 1896, and suit brought by the bondholders to compel payment. The road was operated by the re-
ceivers of the Central Vermont RR. Co. from July 1, 1896 to Nov. 1, 1896, under the lease, and from Nov. 1, 1896
to March 22, 1897, as receivers. A separate receiver was appointed in the interest of the bondholders on March 22,
1897. Under date of Aug. 20, 1896, a plan of reorganization was proposed which provides for the foreclosure of
the 1st consol. mtge. and the sale of the property, a new company to be organized, with a share capital of $4,400,-
000, and a new issue to be made of $4,400,000 1st consol. mtge. 5 p. c. 30-yr. gold bonds, these securities to be
issued for the purposes outlined in the MANUAL for 1897, p. 340. A large majority of the bondholders in interest
have assented to the plan and foreclosure proceedings are under way. The president of the company is chairman
of the bondholders' committee. Depositaries: Central Trust Co. of New York and Old Colony Trust Co. of
Boston. The operation of the Saratoga and St. Lawrence RR. (now Bombay and Moira RR.) was discontinued
on Nov. 17, 1897. Locomotives, 25. Cars—passenger, 11 ; baggage, etc., 2 ; freight (box, 922 ; stock, 12 ; flat, 94;
coal, 3), 1,031; caboose, 18; other, 6— total, 1,068. Since the close of the fiscal year, 3 locomotives, 15 box,
6 flat and 2 stock cars have gone out of service, while 3 locomotives and 1 baggage car have been added.

Operations.— Statement showing operations from July 1, 1896 to March 21, 1897 being the period during
which the road was operated by the receivers of the C. V. RR. Co., and from March 22, 1897 to June 30, 1897,
the period of operation under separate receivership :

July 1,
1896, to
March 21,
1897.

March 22,
1897, to
June 30,

1897.

YEAR.

July 1,
1896, to
March 21,
1897.

March 22,
1897, to
June 30,
1897.

YEAR.

Passenger Train Miles
Freight Train Miles. .
Other Train Miles . . .

155,186
350,228
195,987

50,066
182,210
21,981

205,252
532,438
217,968

Earnings — Passenger . . .
Freight
Other

94,346

451,874
19,727

$
32,474
164,860
7,322

$
126,820
616,734
27,049

Total Train Miles

701,401

254,257

955,658

Total
Operating Expenses

565,947
424,158

204,656
132,856

770,603
5.77,014

_ ^-1-1

Net Earnings

141,789

71,800

213,589

Pass. Car'ed One Mile

4,254 806

1 190 918

5,445,724

Other Receipts

3,299

1,122

4,421

Total Income

145,088

72,922

218,010

Tons Freight Moved

814 909

299 958

1 114 867

Paid Taxes

27,739

5,434

33,173

Tons Moved One Mile

74.796.017

2,s.3'.Hi,o;r,

103,180.092

Surplus . . .

117,ar>0

67,488

184,837

Receiver's General Balance Sheet, June 30, 1897.— Audited vouchers and pay rolls, $130,948 ; taxes
accrued, $1,296; destroyed car fund, $426; profit and loss, $101,632— total, $234,302. Contra: Cost of equipment,
$23,898; cash, $101,596; accounts, $80,882; materials, etc., $27,926— total, $234,302.

POOR'S MANUAL OF RAILROADS. 81

Financial Statement, June 30, 1895 (latest render(d).— Capital stock, $3,077,500 ; funded debt (1st con-
sol, mtjre. 6 p. c. 40-yr. cy. bonds, dated April 1, 1880, interest April and Oct., $3,500,000; income mtge. 6 p. c.
40-yr. cy. bonds, dated April 1. 1880, interest April and, Oct., $999,750 ; guarantee 4 p. c. 32-yr. cy. bonds, due
April, 1920, interest Jan. and July, $326,000), $4,825,750; current liabilities, $309,679— total, £8.212,929. Contra :
Cost of road, etc., $7,508,039 : re;;l estate, $14,650 : bonds of other companies, $385,000 ; sinking fund, $10,000 ;
improvement account, J8.880 ; current assets, 8226,350 — total, $8,212.929. Bonds are in coupon form, for $1,000
each ; consolidated mtgc. bonds being also $500. The guaranteed bonds of 1920 were issued in exchange for
bonds of the Lamoille valley Extension RR. and are guaranteed by the Central Vermont RR. Co., the Lamoille
Valley Extension bonds being assigned to the Central Vermont Co. as security for its guarantee. There is a
sinking fund provision for the retirement of the bonds at the rate of $8,000 yearly after Jan. 1, 1893. (See MAN-
UAL for 1897, p. 340.)

Directors (elected June 16, 1897).— Charles Parsons, William Lummis, George Parsons, Thos. Denny, Jr.,
Henry Parsons, Edwin Parsons. Clarence S. Day, Walton Ferguson, New York, N. Y.; Philip V. R. Ely, Chas.
R. Batt, Boston, Mass.; Hiram A. Hodee, Chas. N. Chevalier, Daniel Magone, Ogdensburg, N. Y. OFFICERS:
CHAS. PARSONS, Rec. & Pres.; Chas. G. Burnham, Treat, for Jtec.,15 Broad St., New York, N. Y.; E. P.
Cutter, And. for Rec.; C. N. Chevalier, Gen. Supt., Ogdensburg, N. Y. GENERAL OFFICE, Ogdensburg, N. Y.

OREGON AND TEXAS BY.— Cammal to Silver Springs, Pa., 8 miles. Gauge, 4 ft. 8} in. Organ-
ized June 18, 1892; road built in 1893. Locomotive, 1. Cars (freight), 2.

Operations, year ending June 30, 1897.— Trains run (freight), 4,820. Tons moved, 7,633; ton-miles, 61,066.
Earnings (freight), £2.290. Operating expenses, $2,420. Deficit from operations, $130.

Financial Statement, June 30, 1897.— Capital stock (shares, $50 ; auth., $80,000), $26,000; funded debt
(1st mtge. bonds issued Dec. 1, 1892, due on Jan. 1, $4,000 yearly, and $1,000 in 1899), $4,000 ; current liabilities,
$17,068; paid off during year, $3,000; advanced by C. E. Tilman, $9,282— total, $59,350. Contra: Cost of road,
etc., $47,485; cash and current assets, $11,865— total, $59,350.

Directors (elected Aug. 17, 1897).— Charles E. Titman, John A. Titman, Philadelphia, Pa.; H. W. Titnian,
J. S. Kister, J. M. Robbins, G. G. Clawser, Clifton Robbins, Shenandoah, Pa.; Jno. G. Reading, Williamsport,
Pa. OFFICERS : CHAS. E. TITMAN, Pres. <& Gen. Man.; H. W. Titman, Vice-Pres.; G. G. Clawser, Sec.; J. S.
Kistler, Treas., Shenandoah, Pa. GENERAL OFFICE, Shenandoah, Pa.

OTIS ELEVATING BY.— Otis June, to Otis Summit, N. Y., 1.35 m.; total track (steel; 35 Ibs.), 1.39
miles. Gauge, 3 ft. Chartered Nov. 25, 1885; road opened in 1892. Equipment : 1 stationary engine, 2 passenger
and 2 baggage cars.

Operations, year ending June 30, 1897.— Trains run (mixed), 2,672 miles. Passengers carried, 16,059 ;
carried one mile, 21,679. Tons moved, 192 ; ton-miles, 2o9. Earnings (passenger, $8,436 ; freight, $286; other,
$13), $8,735. Operating expenses, $4,106. Net earnings, $4,628. Payments : Interest on bonds, $5,900 ; other
interest, $&37 ; taxes, $394 ; other payments, $770— total, $7,901. Deficit, $3,273 ; deficit forward, $6,479— total,
$9,751.

Financial Statement, June 30, 1897.— Capital stock (auth., $170,000 ; shares, $100), $145,600 ; funded
debt (1st mtge. 5 p. c. 30-yr. mtge. coup, bonds, dated Feb. 1, 1892, interest Feb. 1 and Aug. 1 ; auth., $130,000),
$118,000; bills and accounts, $19,967 ; interest on bonds, §2,458— total, $286,026. Contra: Cost of road, etc.,
$275,648 : cash and accounts, $392; materials, etc., $234 ; profit and loss, $9,751— total, $286,026. Coupons pay-
able at Lincoln National Bank, New York, N. Y. Trustee of bonds : Thomas L. James, New York, N. Y.

Directors.— Alfred Van Santvoord, W. H. Ritter, New York, N. Y.; Chas. L. Rickerson, Brooklyn, N. Y.;
W. H. Baldwin, Yonkers, N. Y. ; G. M. Snyder, West Hoboken, N. J. OFFICERS: CHARLES L. RICKERSON,
Pres.; W. D. Baldwin, Tice-Pres., New York, N. Y.; Chas. A. Beach, Sec., Treat. & Supt., Catskill, N. Y.
GENERAL OFFICE, Catskill, N. Y.

OWASCO BIVEB BB.— N. Y. C. Station in Auburn to D. M. Osborne & Co.'s yard in Auburn, N. Y.,
0.50 m. ; total truck (steel ; 56 Ibs.), 2.14 miles. Gauge, 4 ft. 8J in. Chartered June 2, 1881 ; road opened in June,
1882. Locomotives, 2. Cars— freight (box, 2 ; flat, 9), 11.

Operations, year ending June 30, 1897.— Trains run (freight), 780 miles. Tons freight moved, 51,277;
moved one mile, 25,738. Earnings (freight), $15,092. Operating expenses, $6,418. Net earnings, $8,674. Paid
taxes, §536. Surplus, $8,137 ; surplus forward, $24,521— total, $32,658.

Financial Statement, June 30, 1897 .—Capital stock (shares, $100), $30,000 ; surplus, $32,658— total, $62,-
658. Contra: Cost of road, etc., $61,143 ; accounts, $1,515— total, $62,658.

Directors (elected June 2, 1897).— Thos. M. Osborne, Edwin D. Metcalf, John H. Osborne, S. E. Farwell,
C. B. Rosters, S. Elliott Grant, Frank E. Swift, C. E. Almy, Martin Lower, Wm. H. Harris, C. F. Baldwin, R. G.
Brockway, Walter Beck, Auburn, N. Y. OFFICERS: THOMAS M. OSBORNE, Pres.; John H. Osborne, Sec. &
Treas.; Edwin D. Metcalf, Gen. Man., Auburn, N. Y. GENERAL OFFICE, Auburn, N. Y.

PEMBEBTON AND HIO-HTSTOWN BB.— Pemberton to Hightstown, N. J., 84.38 miles. Gauge, 4
ft. 8J in. Rail (steel), 50 and 60 Ibs. Chartered March 24, 1864 ; road opened Feb. 10, 1868. Controlled by the
Penn. RR. Co. Leased to the Union Transportation Co., for three years from July 31, 1896, and from year to year
thereafter until terminated by six months' written notice from either party ; rental, $1,387.74 per annum and cost
of maintenance. (See MANUAL for 1891.) Locomotives, 2. Cars— passenger, 3 ; baggage, etc., 1 ; flat, 1— total,
5. Capital stock, $342,150. W. J. SEWELL, Pres., Camden, N. J. ; John MT Wood, Treas.; F. W. Schwarz, Sec.,
Philadelphia, Pa. GENERAL OFFICE, Broad Street Station, Philadelphia, Pa.

PEOPLE'S BY.— Pottsville to Minersville, Pa., 4.60 m.; total track (steel ; 60 Ibs.), 5.16 miles. Gauge,
4 ft. 8£ in. Chartered April 4, 1865 ; road opened in 1871-72. Operated by Schnylkill Electric Ry. Co. and Schuyl-
kill and Lehigh Valley RR. Co. Locomotive, 1. Cars— passenger, 10; flat, 3— total, 13.

Income Account, year ending June 30, 1897.— Gross income, $15,062 ; other receipts, $438— total, $15,500.
Payments : Interest on bonds, $1,800 ; dividends (Aug. 1, 18!)6, and Feb. 1, 1897, 2 p. c. each), $10,000 ; other pay-
ments, *5,38o-total, $17,185. Deficit, $1,685 ; surplus forward, $12,250 ; net surplus, $10,565.

Financial Statement, June 30, 189?.— Capital stock (auth.. $250,000 ; shares, $50), $100,000 ; funded debt
(1st mtge. 5 p. c. 50-yr- $100 coup, bonds, due 1940, interest May and Nov.). $36,000 ; accounts. $138 ; profit and
loss, $10,565 -total, $146,702. Contra: Cost of road, etc., $126,533 ; cash and accounts, $20,169— total, $146,702.
Interest payable at the company's office.

Directors (elected Nov. 2, 1897).— R. C. Luther, George S. Clemens, Wm. D. Baber, J. P. Jones, L. F.
Brigham, Pottsville, Pa. OFFICERS : R. C. LUTHER, Pres.; W. D. Pollard, Sec. & Treas., Pottsville, Pa. GEN-
ERAL OFFICE, 221 South Centre St., Pottsville, Pa.

PEBBY COUNTY BB.— Duncannon to Landisburg, Pa., 22.6 m.; total track (steel; 60 Ibs.), 23.2
miles. Gauge, 4 ft. 8J- in. Chartered Feb. 2, 1887 ; road completed, June 1, 1892. Locomotives, 2. Cars— pas-
senger, 2 ; flat, 1— toial, 3.

Operations, year ending June 30, 1897.— Trains run (mixed), 40,221 miles. Passengers carried, 37,374.
Tons moved, 10,123. Earnings (passenger, $10,308 ; freight, $6,078), $16,386. Operating expenses, $11,405. Net
earnings, $4,981. Deductions, $7,903. Deficit, £2,922.

Financial Statement, June 30, 1897.— Capital stock (shares, $50 ; auth., $200.000), $97.900 ; funded debt
(1st mtge. 6 p. c. 25-yr. $500 coup, bonds, due July, 1917, interest Jan. 1 and July 1, $100,000 ; 2d mtge. 6 p. c.

6

82 POOK'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

15-yr. bonds, due May 1, 1909, auth., $40,000 ; outstanding, $83,800), $123,800 ; current liabilities, $7,623 ; accrued
interest on bonds, not yet payable, $257 ; profit and loss, $10,435 — total, $240,014. Contra : Cost of road, etc.,
$222,615 ; cash and current assets, $425 ; materials, etc., $240 ; profit and loss, $16,734— total, $240,014. Trustee
of bonds : Real Estate Trust Co., Philadelphia, Pa., at whose office interest is payable.

Directors (elected Jan., 1898).- Charles H. Smiley, Jas. Mclllhenny, H. C. Shearer, S. W. Conn, C. A.
Barnett, J. H. Sheibly, New Bloomfield, Pa.; John Wister, P. P. Duncan, Duncannon, Pa.; Abram Bower, Falling
Spring, Pa. ; S. R. Lightner, D. B. Milliken, Landisburg, Pa. ; Samuel Ebert, Loysville, Pa. OFFICERS : CHAP. H.
SMILEY, Pres., New Bloomfield, Pa. ; John Wister, 1st Vice-Pres., Duncannon, Pa. ; A. R. Johnston, Treas. ; J. W.
Shnll, Sec., New Bloomfleld, Pa. GENERAL OFFICE, New Bloorafield, Pa.

locomotives and 10 freight (flat) cars. Consolidation, June, 1894, of the Brooks Mills and Altoona, the Mann's
Choice and Hyndmann, and the Somerset and Bedford RR. Cos. Road completed as above Oct. 13, 1895. Receiver
appointed Oct. 24, 1895, and subsequently $200,000 of receiver's certificates were authorized to provide means for
completion of road to Brooks Mills. (See MANUAL for 1897, p. 73.) A bondholders' committee has been appointed
and deposits of bonds called for.

Financial Statement, Jan. 1, 1898.— Capital stock authorized and issued, $1,900,000. Funded debt: 1st
mtge. 5p. c. 30-yr. gold bonds, dated July 6, 1894, due July 6, 1924, interest Jan. and July ; trustee, Provident
Life and Trust Co., Philadelphia, Pa.; authorized, $1,900,000 ; issued Jan. 1, 1897, §510,000.

Directors. — Theodore Gerrish, J. S. Winslow, Portland, Me.; J. L. H. -Cobb, Lewiston, Me.; R. W. Dunn,
Waterville, Me.; John Whitehead, Huntingdon, Pa. ; Harry Cessna, Bedford, Pa.; F. J. Kooser, Somerset, Pa.;
J. I. Woodcock, Hollidaysbnrg, Pa.; C. Penn Dull, McVeytown, Pa. OFFICERS : JOHN W. RUTHERFORD, Re-
ceiver, Bedford, Pa.; THEODORE GERRISH, Pres., Portland, Me.; W. Grant Wilson, Treat., Harrisburg, Pa.;
Samuel I. Spyker, Sec.; J. Murry Africa, Chief Eng., Huntingdon, Pa. GENERAL OFFICE, Huntingdon, Pa.

PHILADELPHIA BELT LINE KB,.— Allegheny Ave. to Bridesbnrg, Philadelphia, Pa., 2.66m.;
branches, 1.14 m.; trackage (see below), 2 m.— total operated, 5.8 m.; total track, 6.35 miles. Gauge, 4 ft. 8£ in.
Rail (steel), 70 Ibs. Chartered May 10, 1889, to build in Philadelphia about 23 m. of road for the use of connecting
railroads; completed as above in 1895. From Callowhill St., south to Tasker St., on Delaware Ave., 2m., the
tracks of th»- River Front and Pennsylvania RRs. are used under a traffic agreement entered into on May 2, 1892.
When completed the road will extend from a point in the Twenty-sixth ward, on the Schuylkill River, along the
course of the latter to the Delaware River, and thence northwardly to Tacony, with the branch along the Ara-
mingo Canal to the county line.

Operations, year ending June 30, 1897.— Gross earnings, $1,228. Operating expenses, $6,337. Deficit
from operations, $5,109 ; miscellaneous receipts, $5,571 ; net income, $462. Paid taxes, $462.

Financial Statement, June 30, 1897. — Capital stock (shares, $50) authorized and issued, preferred,
$98,000 ; common, $102,000 ; current accounts, $865 -total, $200,865. Contra : Cost of road, $192,710 ; cash and
accounts, $8,155— total, §200,865. The City of Philadelphia owns 51 p. c. of the capital stock (a gift to the muni-
cipality by the stockholders^ and it is held in trust for the city by the Commercial Exchange and the Philadelphia
Board of Trade. The stock is held by the following named Board of Trustees : Samuel R. Shipley, Richard T.
Cook, Beanveau Borie, Francis B. Reeves, Girard Life Insurance, Annuity and Trust Co. This disposition of the
stock was made in order that the road may be forever controlled in the interest of the trade and commerce of
the city.

Directors (elected Jan., 1898).— James Dobson, W. W. Justice, J. T. Bailey, Charles H. Cramp, Walter F.
Hagar, E. A. Hancock, Wm. H. Jenks, Calvin Pardee, Frank L. Neall, Francis B. Reeves, Philadelphia, Pa.
One vacancy. OFFICERS : FRANCIS B. REEVES. Pres.; W. F. Hagar, Vice-Free.; John J. Curley, Sec.; Richard
Tnll, Treas.; Ashbel Welch, Gen. Man., Philadelphia, Pa. GENERAL OFFIOE, Room 30, Merchants' Exchange,
N. E. cor. 3d and Walnut Sts., Philadelphia, Pa.

PITTSBURGH AND CASTLE SHANNON BB.— Pittsburgh to Arlington, Pa., 6.5m.; total
track (steel, 8.5m.; 50 and 60 Ibs.), 9.5 miles. Gauge, 3 ft. 4 in. Chartered Sept. 18, 1871 ; road opened Nov. 1,
1871. Locomotives, 4. Cars— passenger, 5 ; baggage, etc., 5 ; freight, 390 — total, 403.

Operations, year ending June 30, 1897.— Trains run (passenger, 98,198 ; freight, 7,680), 105,878 miles.
Passengers carried, 1,008,133; carried one mile, 1,634,391. Tons moved, 69,877; ton-miles, 207,419. Earnings
(passenger, $43,583 ; freight, $15,387 ;' other, $999), $59,969. Operating expenses, $51,076. Net earnings, $8,893.
Deductions, $16,976. Deficit, $8,083.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $481,400 ; funded debt, $216,437 ; cur-
rent liabilities, $70,235 ; accrued interest on funded debt, not yet payable, $6,000; sundries, $283— total, $774,355.
Contra : Cost of road, etc., $404,500 ; other permanent investments, $2,926 ; lands owned, $67,533 ; cash and current
assets, $11,823 ; profit and loss, $287,573— total, $774,355. Funded debt consists of $200,000 1st mtge. 6 p. c. 20-yr.
$100, $500, and $1,000 coup, bonds, due Aug. 1, 1908, interest Feb. and Aug. (trustee, Fidelity Title and Trust Co.,
of Pittsburgh, Pa.); and $16.437 purchase monoy mtge. on coal lands, dated April 1, 1891, bearing no interest, and
due in 7 and 10 years. Stock ownership for fifteen days entitles holder to vote.

Directors (elected Feb., 1898) — L. S. McKallip, Thomas A. Noble, Jacob Geib, John H. Musser, Geo. G.
Rahauser, P. F. Schuckman, F. B. Struns, James R. Redman, J. M. Conroy, ('lias. Zugsmith, Jr., Pittsburgh, Pa.
OFFICERS : JAMES M. BAILEY, Pres.; Thos. A. Noble, Vice-Pres.; E. J. Reamer, Sec. & Treas.; Chas. E. Riddle,
Aud., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

PITTSBTJBGH AND EASTEBN BB.— Projected : Mahaffey to West Newton, Pa., 115 m.; branch,
White Thorn to Bessemer, Pa., 32 m.— total, 147 miles. Completed, June 30, 1897 : Mahaffey to darks. Pa., 12
miles. Gauge, 4 ft. 81 in. Rail (steel), 70 Ibs. Consolidation, Dec. 28, 1894, of the Philadelphia and Pittsburgh,
the Loyalhanna and Youghiogheny, and the Pittsburgh and Eastern RR. Cos. Road opened from Mahaffey to
Glen Campbell, Pa., 10 m., Nov. 16, 1896 : extended to darks, June 1, 1897. The road connects at Mahnffey with
the Beech Creek and the Pennsylvania RRs. and will connect at West Newton with the Pittsburgh and Lake Erie
RR. Locomotives, 2. Cars— passenger, 1 ; freight, 511 ; other, 1— total, 513.

Operations, to June 30, 1897.— Trains run (mixed), 11,547 miles. Passengers carried, 6,344 ; carried one
mile, 41,582. Tons moved, 1,168 ; ton-miles, 8,733. Earnings (passenger, $1,145 ; freight, $495 ; other, $13,612),
$15,252. Operating expenses, $8,694. Net earnings, $6,558.

Financial Statement, June 30, 1897.— Capital stock (auth., $5,000,000; shares, $50), $395,000; funded
debt (car trust 6 p. c. $1,000 rcg. bonds, dated Dec., 1893, due $20,000 annually, interest June and Dec.), $140.000;
current liabilities, $166,511 ; accrued interest on bonds, not yet payable, S700 ; profit and loss, $1,654— total,
$703,865. Contra: Cost of road, etc., $696,104 ; cash and current assets, $6,396 ; materials, etc., $1,3(15— total,
$703,865. Interest payable at the office of the Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa.

Directors (elected Jan. 10, 1898).— S. H. Hicks, Huntingdon Valley. Pa.: E. F. Lukens, C. M. Brown, T.
S. Shoemaker, Ralph Neilson, L. V. Biggs, Philadelphia, Pa. OFFICERS : C. C. WATT, Pres.; S. H. Hicks, Vice-
Pres. <fe Gen. Man.; L. V. Biggs, Sec. & Treas., Philadelphia, Pa. GENERAL OFFICE, Philadelphia, Pa.

PITTSBURGH AND MOON BTTN BR.— Qroveton to Moon Run. Pa., 5 m.; total track (steel : CO
Ibs.), ? miles. Gauge, 4 ft. 8| in. Chartered Feb. 10, 1891 ; road opened in J892. Locomotive, 1. Cars— pas-
senger, 1 ; freight (coal), 6— tpfcal, 7.

POOR'S MANUAL OF RAILROADS. 83

Financial Statement, June 30, 1897.— Capital stock (shares, $100), £100,000 . funded debt (1st mtge. 6
p. c. 20-yr. $100 coup, bonds, due Jan., 1912, interest Jan. and July,) $100,000 ; accounts, $46,610— total, $248,010.
Contra : Cost of road, etc., $180,457 ; accounts, $3,304 ; profit and loss, $64,849— total, $248,610.

Directors (elected Jan., 1898).— J. H. Sanford, N. F. Sanford, Carnegie, Pa.; A. M. Wilcox, J. S. Case-
ment, Painesville, O.; C. W. Hitchcock, Cleveland, p. OFFICEBS : PETER M. HITCHCOCK, Pres., Cleveland, O.;
Noble F. Sanford, Vice-Pret. & Gen. Man.; C. W. Hitchcock, Sec. & Treas., Moon Run, Pa. GENERAL OFFICE,
Moon Run, Pa.

PORT JERVIS, BEONTICELXO AND NEW YORK RR.-Port Jervis to Monticello, N. Y.,
23.75 m.; Summitville Branch, Huguenot to Summitville, N. Y., 17.3 m.— total, 41.05 miles. Gauge, 4 It. 8| in.
Rail (steel, 34.30 in.), 54 to 70 Ibs. For early history, see MANUAL for 1895. Reorganized without foreclosure, in
March, 1895. The old 1st mtge. 6 p. c. bonds were cancelled, and an issue m;ide of $225,000 1st mtge. 4i p. c.
bonds, the proceeds of which were used in paying off the old bonds r.nd discharging the floating debt. Locomo-
tives, 3. Cars— passt nger, 4; baggage, etc., 3; freight (box, 5; flat, 10), 15— total, £2. Of this equipment, 1 loco-
motive, 1 passenger and 1 baggage car are held under car trust.

Operations, year ending June 30, 1897.— Trains run (passenger, 39,292; mixed, 28,796; other. 4,380), 72,468
miles. Passengers carried, 48,538; carried one mile, 1,040,169. Tons moved, 34,963; ton-miles, 651,674. Earnings
(passenger, $20.294; freight, §23,392; other. £5.C02), $49,?88. Opeiating expenses, $32,862. Net earnings, $16,426;
other receipts, §3, 468 -total, $19,804. Payments: Interest on bonds,S10,125; other payments, $5,907— total, §16,032.
Surplus, £3,862; deficit forward ($2,938; plus uncollectible accounts, $557), $3.495; net surplus, $367.

Financial Statement, June 30, 1897.— Capital stock (anth., $500,000; shares, $100), $409,100; funded debt
(1st mtge. 4* |>. c. 50-yr. $100 and $1,000 gold coup, bonds, due 1944, interest June and Dec., at office of trustee?),
S2i">,000; bills and accounts. S32,S34; interest on bonds, $5,906; audited equipment notes, $6,150; profit and loss,
$3o7-total, $678,857. Contra: Cost of road, etc., $671.737; accounts, $4.232; cash, $2,888— total, $678,857. The
bonds are secured on the entire property of the company. Trustee: Central Trust Co.. New York, N. Y. There
is also an authorized issue of $75,000 1st consol. 5 p. c. gold §100 and $1,000 mtge. bonds, due 1916, interest June
and Dec. but none had been issued at the close of the fiscal year.

Directors (elected Sept. 1, 1897).— Thos. M. Waller, New London, Conn.; S. Harrison Wagner, Sidney H.
Dawson, Warren A. Spaulding, New Haven, Conn.; George N. McKibbin, F. H. Reed, Win. C. Orton, H. Hobart
Porter, Jr., Schuyler C. Carlton, New York, N. Y.; John R. Lee, Paterson, N.J.; Jesse Boynton, Bristol, -R. I.;
Martin B. Waller, Port Jervis, N. Y.; Moses S. Stevens, Washington, D. C. OFFICERS : THOMAS M. WALLER,
Pres.; Geo. N. McKibbin, Vice-Pres., New York, N. Y.; Jesse Boynton, Zd Vice-Pres., Bristol, R. I.; S. Harrison
Wagner, Treas., 15 Wall St., New York, N. Y.; Martin B. Waller, Sec., Port Jervis, N. Y. GENERAL OFFICE,
Port Jervis, N. Y.

POTJGHXEEPSIE AND EASTERN RY.-Poughkeepsie to Boston Corners, N. Y., 39.79 m.;
sidings, etc., 2.86 miles. Gauge, 4 ft. 8| in. Rail (steel), 65 Ibs. The track of the Newburgh, Dntchcss and Con-
necticut RR., from Stissing to Pine Plains, N. Y., 4 m. (included above), is used by this company, at a rental of
$2,400 per annum. Chartered April 13, 1893, as successor to the N. Y. & Mass. Ry. Co., whose property was sold
under foreclosure March 2, 1893. (See MANUAL for 1893.) Locomotives, 3. Cars — passenger, 8; baggage, etc., 2 ;
freight (box, 18; flat, 4; stock,!; coal, 25), 48; other cars, 3— total cars, 61.

Operations, year ending June 30, 1897.— Trains run (passenger, 65,431 ; freight, 25,077), 90,508 miles. Pas-
sengers carried, C6,8S)9: carried one mile, 932,915. Tons moved, 18,625; ton-miles, 403,407. Earnings (passenger,
$19,416; freight, $13.251; other, $9,053), $41,720. Operating expenses, $48,915. Deficit from operations, $7,195;
miscellaneous receipts, $306; net deficit, $6,889. Paid taxes, $2,558. Deficit, $9,447; deficit forward, $19,491—
total, $28,938.

Financial Statement) June 30, 1897.— Capital stock (shares, $100) authorized and paid in, $500,000;
funded debt (1st mtge. 5 p. c. 40-yr. $1,000 coup, bonds, d.-ited Nov. 1, 1894, interest May and Nov.), $500,000; bills
payable, $169,708; current accounts, $13,233— total, $1,182,931. Contra: Cost of property, $647,346 ; bonds owned,
$500,000; materials -on hand, $1,895; bills receivable, $2,090; interest and insurance, $125; accounts, $1,674.
cash, $863; profit and loss, $28,938— total, $1,182,931. Trustee of bonds : Mercantile Trust Co., New York, N. Y.

Directors (elected Oct. 14, 1897).— Russell Sage, J. J. Slocum, J. P. Munn, C. W. Osborne, E. C. Osborn,
E. C. M. Rand, New York, N. Y. ; J. B. Dutcher, Pawling, N. Y. ; L. H. Vail, G. H. Sherman, Ponghkeepsie, N. Y.
OFFICERS : RUSSELL SAGE, Pres.; C. W. Osborne, Vice-Pres. ; J. J. Slocum, Treat.; E. C. Osborn, Sec. & Gen.
Man., New York, N. Y. GENERAL OFFICE, Ponghkeepsie, N. Y.

Q.UEEN ANNE'S RR.— Projected : Baltimore, Md., to Lewes, Del., 90 m.; branches, Lewes to
Rehoboth, Del., 6 m.; Queenstown, Md., to Child's Station, Md., 50m.— total projected, 146 miles. Completed,
Queenstown, Md., to Milton, Del., 80 miles. Gauge, 4 ft. 8| in. Rail (steel), 60 Ibs. Chartered in Maryland, Feb.,
1894; in Delaware, March, 1895 ; road opened as above in April, 1897. The waterline from Queenstown to Balti-
more, Md., a distance of 30 miles, will be operated in connection with the Chester River Steamboat Co. Capital
stock (§50 shares), §1 ,440,000. Bonds are authorized to the amount of $12,000 per mile on road actually constructed.
Cost of road to date, not stated. Estimated cost of completed road, $2,880,000. Financial agent : Baltimore
Guardian Trust Co., Baltimore, Md.

Directors.— John S. Gittings, Wm. B. Oliver, H. W. Matthews, Wesley M. Orr, C. H. Tilghman, Frank
Ehlen, Baltimore, Md.; Hiram R. Burton, Lewes, Del.; L. L. Layton, Georgetown, Del.; Jas. Ponder, Milton,
Del.; Philip L. Cannon, Seaford, Del. OFFICERS: WM. H. BOSLET, Pres.; Jno. S. Gittings, Vice-Pres.; Robt.
W. Smith, Treat., Baltimore, Md.; W. W. Busteed, Sec., Centreville, Md.; Isaac W. Troxel, Gen. Man., Queens-
town, Md. GENERAL OFFICE, Queenstown, Md.

RARITAN RIVER RR.— South Amboy to New Brunswick, N. J., 11.9 m.; sundry branches, 4.17 m.;
total, 16.07 miles. Trackage (Pa. IIR. Connection), Main Line to Such's Works, 0.42 m.; total track (steel ; 60
Ibs.), 20.31 miles. Gauge, 4 ft. 8J in. Chartered April 20, 1888; main line completed as above in July, 1890.
Branches built from 188!) to 1892, and in 1897. (See MANUAL for 1893.) Locomotives, 3. Cars— passenger, 3 ;
combination, 2 ; freight (flat), 29— total, 34.

Operations, year ending June 30, 1897.— Trains run (passenger, 29.856 : freight, 15,821). 45,677 miles.
Passengers carried, 121,415. Tons moved, 118,587. Earnings (passenger, $10,445; freight, $40,520; other, $2,-
832), $53,797. Operating expenses, $3'.),106. Net earnings, $14,691. Payments : Interest on bonds, $15,000 ;
other interest, $1,982 ; taxes, $1,611— total, $18,593. Deficit, $3,903 ; deficit forward, $27,463— total, $31,366.

Financial Statement, June 30, 1897. -Capital stock ($1,000,000 anth.; $100 shares). $365,000; funded
debt (1st mtge. 5 p. c. 50-yr. $1,000 coup, bonds, due Jan. 1, 1939, interest Jan. and July), $300,000 ; bills payable,
$33,181; current accounts, $11,056; interest on bonds, July 1,1897, $7,500— total, $716,737. Contra: Cost of

A. Hilton. Win. D. Edwards, Geo. T. Smith, Willard C. Fisk, Frederick Dunham, Jersey City, N. J.: Edward
H. Ilipley, Wm. Foster, Jr., C. H. White, New York, N. Y.; C. H. Sisson, Tenafly, N. J ; Jas. P. Northrop,
Plainfiel'l, N. J. OFFICKRS : FRANK H. EARLE, Pres.; Wm. G. Bumsted, Vice-Pres. & Treat.; C. II. Sisson,
Sec., Jersey City, N. J. GENERAL OFFICE, Fuller Building, Jersey City, N. J.

84 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

REYNOLDSVILLE AND FALLS CREEK RR.-Falls Creek to Soldier's Run, Pa., 10.37 m.;
Rochester Mine to London Mine, Pa., 1.14 m. ; Soldier's Run Jet. to Bloomington Mine, Pa., 3.i!3 m. ; Rathmel to
Henry Mine, Pa., 0.58 m. ; Falls Creek Jet. to Rochester Mine, Pa., 0.92 m.— total, 16.24 miles. Total track (steel ;
60 Ibs.), 29.43 miles. Gauge, 4 ft. 8i in. Chartered Dec. 13, 1883 ; road completed in 1890. The Falls Creek RR.
was absorbed on Jan. 11, 1897. (See MANUAL for 1897.) Locomotives, 3. Cars— freight (flat), 3 ; caboose, 1 ;
other, 1— total, 5.

Operations.year ending June 30, 1897. — Trains run (freight), 41,000 miles. Tons moved, 1,457,299 ; ton-
miles, 11,130,853. Earnings (passenger, $140; freight, $112,595; other, $50), $112,785. Operating expenses, $50,-
732. Net earnings, $62,053 ; other receipts, $930— total, $62,983. Payments : Interest, $10,200; taxes, $1,475—
total ,$11, 675. Surplus, $51,308 ; deficit forward, $1,791 ; net surplus, $49,518.

Financial Statement, June 30, 1897.— Capital stock (auth., $330,000 ; shares, $50), $200,000 ; funded
debt (1st mtge. 6 p. c. 20-yr. $1,000 coup, bonds, due Jan. 1, 1911, interest yearly, Jan. 1), $170,000 ; accounts
$2,096; accrued interest, $5,100; other liabilities, $2,725; profit and loss, $49,518— total, $429,439. Contra: Cost
of road, etc., $371,610; materials, etc., $2,071 ; accounts, $22,248; cash, $33,510— total, $429,439. Trustee of
bonds : Charles Clifton. Interest payable at Guaranty Trust Co., New York, N. Y.

Directors (elected Jan. 11, 1897).— A. G. Yates, Rochester, N. Y.; Adrian Iselin, Jr., Joseph Lee, J. H.
Hocart, C. O'D. Iselin, W. G. Onkman, New York, N. Y.; C. H. McCanley, J. G. Whitmore, J. M. Grosh, W. W.
Ames, J. N. Troxell, W. H. Holaday, Ridgway, Pa. OFFICERS: Lucius W. ROBINSON, Pres., Reynoldsville, Pa.;
JohnF. Dinkey, Treas. & And., Rochester, N. Y.; John G. Whitmore, Sec., Ridgway, Pa. GENERAL OFFICE,
Reynoldsville, Pa.

ROCHESTER AND LAKE ONTARIO RY.— Rochester to Lake Beach, Irondequoit Bay, N. Y.,
6.05 m.; total track, 6.42 miles. Rail, 40 Ibs. Gauge, 4 ft. 8} in. Incorp. June 3, 1879 ; opened Aug. 5, 1879.
Leased in perpetuity, Nov. 1, 1893, to the Rochester and Irondequoit RR. Co. (see GENERAL INDEX), at an annual
rental of 15 p. c. on $4,100 common stock. Locomotives, 3. Cars— passenger, 9 ; flat, 1 ; other, 1.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $65,000 ; profit and loss, $4,656—
total, $69,656, representing cost of road, etc. Of the $65,000 capital stock, $55.900 was surrendered in exchange
for stock and bonds of the lessee company, leaving $9,100 outstanding. For statement of dividend payments,
see MANUAL for 1891.

Directors.— John N. Beckley, Frederick Cook, Geo. W. Archer, Max Brickner, Wm. C. Barry, Henry C.
Brewster, Fred W. Smith, Jacob Gerling, Louis Greisheimer, Frank S. Upton, Barnard Dunn, Wm. D. Ellwanger,
Howard Hawkes, Rochester, N. Y.; A. J. Katz, Benjamin Graham, New York, N. Y. OFFICERS: JOHN N.
BECKLEY, Pres.; Max Brickner, Vice-Pres.; Frederick Cook, Treas.; Robt. L. Post, Sec., Irondequoit, N. Y.
GENERAL OFFICE, Irondequoit, Monroe Co., N. Y.

ROCKAWAY VALLEY RY.— White House to Morristown, N. J., 26 m.: total track (steel; 50, 56,
and 60 Ibs.), 27 miles. Gauge, 4 ft. 8£ in . The properties of the Rockaway Valley RR., the Rockaway Valley
Mfg. and Construction Co. and the Mendham and Morristown Extension RR. Cos. were sold under foreclosure
on July 15, 1895, and purchased for $30,000 by I. N. Pidcock, Jr., and J. F. Pidcock, who subsequently organized
the existing company. (See MANUAL for 1895.) Locomotives, 2. Cars — passenger; 2; freight (flat, 10), 12;
caboose, 1; other, 5 — total, 18.

Financial Statement.— Capital stock issued, $125,000. No bonds. Cost of road, $400,000; rolling stock,
$10,000; real estate, $10,000.

Directors. — J. N. Pidcock, White House, N. J. ; I. N. Pidcock, Jr., R. O. Babbitt, R. L. Laurence, Jersey
City, N. J. ; John F. Pidcock, Morristown, N. J. ; C. W. Pidcock, Pidcock, Ga. OFFICERS : J. N. PIDCOCK, Pres.,
White House, N. J. ; John F. Pidcock, Vice-Pres. & Sec., Morristown, N. J.; J. N. Pidcock, Jr., Treas. & Supt.;
H. Goodman, And., White House, N. J. GENERAL OFFICE, White House, N. J.

SARANAC AND LAKE PLACID RR.— Saranac to Lake Placid, N. Y., 9.8 m.; total track (steel;
60 Ibs.), 10.65 miles. Gauges, 4 ft. 8J in. and 3 ft. Chartered July 19, 1890; road opened Aug. 1, 1893. The com-
pany has 20-yr. traffic contracts with the New York Central and the Chateaugay RR. Cos., with whose lines the
road connects. Leased Dec. 19, 1896, to the Chateaugay RR. Co., and the Chateangay Ore and Iron Co., jointly,
for 17 years from Jan. 1, 1897, at an annual rental equal to 35 p. c. of the gross receipts of the road, and one-half
of the net profit of the transfer business at Lake Placid. N. Y.; with a minimum guarantee of $7,200 per annum,
being interest at 5 p. c. on $120,000 1st mtge. bonds and $24,000 2d mtge. bonds. These latter are all held in the
treasury. Locomotives, 2. Cars- -passenger, 2 ; baggage, etc., 1— total, 3.

Operations, year ending June 30, 1897.— Trains run (freight, 2,020; other, 12,020), 14,040 miles. Passen-
gers carried, 16,315 ; carried one mile, 162,900. Tons moved, 3,543; ton-miles, 34,767. Earnings (passenger,
$10,377; freight, $3,981; other, $2,620), $16,978. Operating expenses, $13,089. Net earnings, $3.889. Payments:
Interest on bonds, $7,200 ; other interest, $138; taxes, $1,785— total, $9,123. Deficit, $5,234, of which $3,163, the
deficit for the six|months endingjnne 30, 1897, was assumed by lessees.

Financial Statement, Dec. 31, 1896.— Capital stock (shares, $100), $250,000; funded debt (1st mtge. 5
p. c. 20-yr. $1,000 gold coup, bonds, due May 1, 1913; interest May and Nov.), $120,000; accounts, $8,629; loans
and bills payable, $13,000— total, $391,629. Contra : Cost of road, etc., $355,495; stocks owned, $20,000; accounts,
$13,576; profit and loss, $2,558— total, $391,629. Trustee of bonds: Central Trust Co., at whose office interest is
payable. The bonds originally bore 6 p. c. interest, but the rate has been reduced to 5 p. c. with the consent of
all the bondholders. There are also $24,000 2d mtge. 5 p. c. gold bonds, dated Nov. 1, 1896, due May 1, 1913, in-
terest May and Nov., all of which are held in the treasury.

Directors.— Robert W. Speir, H. B. Brownell, New York, N. Y.; E. D. Shepard, Francis Speir, South
Orange, N. J.: L. L. Barnum, Wm. J. Forbes, Brooklyn, N. Y.; C. E. Arnold, Albany, N. Y.; C. E. Martin,
Plattsburgh, N. Y. OFFICERS : ROBERT W. SPEIR, Prfs.; E. D. Shepard, Vice-Pres.; L. L. Barnum, Sec. <&
Treas., New York, N. Y. GENERAL OFFICE, 31 Nassau St., New York, N. Y.

SARATOGA AND MT. McQREQOR RY.-Saratoga to Mt. McGregor, N. Y., 10.50 m.; total
track (iron; 35 Ibs.), 10.97 miles. Gauge, 3 ft. Chartered June 10, 1896, for purpose of operating the Mount
McGregor Ry., which road was on that date leased to the company by Douglass W. Mabee, trustee. Locomotives,
2. Cars— passenger, 6; baggage, etc., 1 ; freight (flat), 4 — total, 11.

Operations, year ending June 30, 1897. — Train 3 run (passenger), 9,240 miles. Passengers carried, 9,537.
Earnings (passenger, $4,218; other, $75), $4,293. Operating expenses, $7,094. Deficit from operations, $2,801.
Paid taxes, $213. Deficit, $3,013.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $3,500; accounts, $155— total, $3,655.
Contra; Cash, $292; bills and accounts, $300; materials, etc., $50; profit and loss, $3,013— total. $3,655.

Directors.— C. E. Arnold, A. R. McGonegal, W. J. Hanley, H. McGonegal, New York, N. Y.; A. C. Kauf-
man, Pittsfield, Mass.; H. R. Gardner, Troy, N. Y.; A. J. Vo5'er, Albany, N. Y. ; G. I. Humphrey, B. Brunner,
Saratoga, N. Y. OFFICERS: C. E. ARNOLD, Pres.; A. R. McGonegal, Sec., New York, N. Y.; A. C. Kaufman,
Treas., Pittsfield, Mass. GENERAL OFFICE, Saratoga, N. Y.

SCHOHARIE VALLEY RR.— Schoharie to Schoharie Junction, N. Y., 4.38 miles. Gauge, 4 ft. 8*
in. Rail (steel), 60 Ibs. Organized as Schoharie Valley Ry. Co. June 15, 1805. Road opened Oct. 1, 1866; sold
under foreclosure April 6, 1874; reorganized April 1, 1880. Owned and operated by the directors, and leased to
one of its board. Locomotive,!. Cars — passenger, 1; baggage,!. All other equipment is leased.

Operations, year ending Juno 30, 1897.— Trains run (mixed), 8,226 miles. Passengers carried, 15,122.

POOR'S MANUAL OF RAILROADS. 85

Tons moved, 9,901. Earnings (passenger, $3,780; freight, $4,950; other, $887), $9,618. Operating expenses,
$6,091. Net earnings, $3,526; other receipts, $516— total, $4,042. Payments: Interest on bonds, $2,400; taxes,
$854— total, §3,254. Surplus, $789, which was paid to stockholders.

Financial Statement, June 30, 189T.— Capital stock (shares, $100), $100,000; funded debt (1st nitire. 6
p. c. bonds, dated April 1, 1880, due Oct. 1, 1899, interest April and Oct.), $40,000— total, $140,000. ' Contra: Cost
of road, $88,778; equipment, $14,690; profit and loss, $36,532— total, $142,000. Stock owned three months is
entitled to vote. *

Directors (elected March 1, 1897).— David B. Vroman, Lucian Vroman, Cornelius P. Vroman, Peter C.
Vroman, W. J. Vroman, M. J. Vroman, Charles Vroman, Schoharie, N. Y. OFFICERS : DAVID B. VROMAN,
Press.; Peter C. Vroman, Vice-Pres. ; Chas. Vroman, Treas., Lessee & Gen. Man.; Wm. J. Vroman, Sec., Schoharie,
N. Y. GENERAL OFFICE, Schoharie, N. Y.

SILVER LAKE BY.— Perry to Silver Springs, N. Y., 6.86 m.; total track (steel, 6.86 m.), 7.61 miles.
Rail— iron, 56 Ibs. ; steel, 60 Ibs. Gauge, 4 ft. 8£ in. (For history, see MANUAL for 1888.) Locomotives, 2. Cars
—passenger, 3 ; baggage, etc., 1 ; freight (box, 20 ; coal, 500), 520— total, 524.

Operations, year ending June 30, 1897. — Trains run (mixed), 21,910 miles. Passengers carried, 29,277;
carried one mile, 117,108. Tons moved, 46,846; ton-miles, 281,076. Earnings (passenger, $7,076 ; freight, $13.-
843 ; other, $34,529), $55,447. Operating expenses, $32,606. Net earnings, $22,841 ; other receipts, $59— total,
$22,900 Payments : Interest on debt, $3,375 ; taxes, $1,325— total, $4,700. Surplus, $18,200 ; surplus forward,
$161,168— total, $169,353. " .

Financial Statement, June 30, 1897.— Capital stock (auth., $500,000 ; shares, $100), $120,000 ; funded
debt (1st mtge. 5 p. c. bonds, dated June 1, 1886, due Jan. 1, 1899, interest June and Dec. ; auth., $68,000), $67,500;
current accounts. $18,559 ; other liabilities, $7,658 ; profit and loss, $169,353-total, $383,070. Contra: Cost of
road, etc., $334,200 ; materials, etc., $253 ; bills receivable, $6,132 ; current accounts, $40,753 ; cash, $1,732— total,
$383,070. The bonds matured June 1, 1896, but were extended to Jan. 1, 1899, at the reduced rate of 5 p. c. (from
6 p. c.); interest payable at Perry, N. Y.; trustees, M. H. Olin, R. W. Brigham, Perry, N. Y.

Directors (elected Jan. 11. 1898).— Arthur G. Yates, F. W. Yates, Geo. E. Merchant, J. F. Dinkey, R. W.
Davis, Geo. W. White, Geo. L. Eaton, Walter J. Howard, Rochester, N. Y.; Henry Yates, Cyrus H.'Polley,
Buffalo, N. Y.; W. D. Page, M. H. Olin, C. A. Carmichael, Perry, N. Y. OFFICERS : HARRY YATES, Pres.; F.
W. Yates, Vice-Pres.; Geo. W. Eaton, Treas.; C. H. Stallknight, Sec., Rochester, N. Y. GENERAL OFFICE,!
Elwood Building, Rochester, N. Y.

SKANEATELES BB.— Skaneateles June. (N. Y. C. & H. R. RR.) to Skaneateles, N. Y., 5 m.— total
track (steel, 5m.; 56 and 60 Ibs.), 6 miles. Gauge, 4 ft. 8J^ in. Incorp. April 17, 1866 ; road opened Oct. 1, 1867.
Locomotives, 2. Cars— passenger, 3 ; baggage, etc., 1 ; freight (box), 2— total, 6.

Operations, year ending June 30, 1897. — Trains run (mixed), 18,200 miles. Passengers carried, 37,816 ;
carried one mile, 160,718. Tons moved, 36,&49 ; ton-miles, 109,947. Earnings (passenger, $8,483: freight, $14,-
801 ; other, $2,368), $25,652. Operating expenses, $16,049. Net earnings, $9,603. Payments : Interest on bonds,
$600 ; taxes, $1,056 ; dividend No. 20 (6 p. c. paid Nov. 1, 1896), $4,668— total, $6,324. Surplus, $3,279 ; surplus
forward, $28,990— total, $32,269.

Financial Statement, June 30, 1897.— Capital stock (auth., $100,000 ; shares, $100), $77,800 ; funded debt
(1st mtge. 6 p. c. 30-yr. $100 and $500 coup, bonds, due July 1, 1909, interest Jan. and July, at Skaneateles, N. Y.;
auth., $30,000), $10,000 ; cancelled bonds, $20,000 ; profit and loss, $32,269— total, $140,069. Contra : Cost of
property, $107.800 ; cash, $32,269— total, $140,069. Trustees of bonds : John H. Gregory and Julius H. Earll.

Directors (elected Oct. 18, 1897).— John E. Waller, Joab L. Clift, J. McNamara, L. B. Fitch, Gavin
Morton, B. F. Petheram, Skaneateles, N. Y.; Frederick Roosevelt, New York, N. Y. OFFICERS : JOHNE. WAL-
LER, Pres. ; Jaob L. Clift, Vlce-Pres.; J. McNamara, Treas., Auditor & Gen. Mgr.; George Barrow, Sec.,
Skaneateles, N. Y. GENERAL OFFICE, Skaneateles, N. Y.

SLACKWATEB CONNECTING BB.-In Allegheny Co., Pa., 1 mile. Gauge, 4 ft. 8* in. Loco-
motive, 1. Organized June 30, 1892.

Operations, year ending June 30, 1897.— Earnings (switching), $22,618. Operating expenses, $22,019. Net
earnings, $599.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $10,000 ; profit and loss, $671— total,
$10,671. Contra ; Cost, etc., $10,000 jprofit and loss, $671— total, $10,671.

Directors.— James Hemphill, W. C. Fownes, H. C. Fownes, E. 8. Fownes, V. Matthews, Pittsburgh, Pa.
OFFICERS : HENRY C. FOWNES, Pres.; E. S. Fownes, Sec.; W. C. Fownes, Treas., Pittsburgh, Pa. GENERAL
OFFICE, Pittsburgh, Pa.

SLATE BUN BB.— Slate Run to North Bend, Pa., 15 miles. 30-lb. steel rail. Gauge, 3 ft. Incorp.
Dec. 17, 1885 ; road opened July, 1886. Locomotives, 2. Freight cars (flat), 56.

Operations, year ending June 30, 1897.— Trains run (freight), 10,000 miles. Tons moved, 46,000 ; ton-
miles, 690,000. Earnings (freight), $19,644. Operating expenses, $17,600. Net earnings, $2,045. Paid taxes, $54.
Surplus, $1,990.

Financial Statement, June 30, 1897.— Capital stock (auth., $160,000 ; shares, $100), $81,000 ; other
liabilities, $6,355; profit and loss, $10,260— total, $97,615. Contra: Cost of property, $81,000; other assets,
§16,615— total, $97,615.

Directors.— James B. Weed, Wm. S. Hill, Binghamton, N. Y.; Wm. H. Jessup, Wm. H. Jessup, Jr.,
George S. Jessup, H. C. Jessup, Horace E. Hand, Scrantou, Pa. OFFICERS : J. B. WEED, Pres.; F. M. Weed,
Treas.; Wm. S. Hill, Sec.; Lewis M. Weed, Gen. Man., Binghamton, N. Y. GENERAL OFFICE, Montrose, Pa.

SOUTH BROOKLYN BB. AND TEBMINAL CO.— Length of main line in Brooklyn, N. Y., 1
m. ; 2d track, 1 m.— total track, 2 miles. Rail, 65 and 67 Ibs. Organized as the South Brooklyn and Flatbush RR.
Subsequent to Sept. 30, 1887, name changed as above. Main line authorized from near foot of 38th St., Brooklyn,
parallel with 38th St. (on the company's own property), to a juuction of 38th St. and 9th Ave. The company leases
the use of its road to the Brooklyn, Bath and West EndJJR. Co.

pen

$64,000;
$546,410.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $500,000 ; funded debt (1st mtge. 5
p. c. 40 yr. bonds, dated May 1, 1888, interest May and Nov.), authorized and outstanding, $1,200,000 ; interest on
bonds and floating debt. $581,014 ; notes (see below), $100,000 ; notes payable on demand, $56.769 ; open accounts,
$2.130 : sundries, $9,733— total, $2,449,646. Contra: Cost of road/§l,901,458 ; permanent investments, $580 ; cash
and accounts, $1,197 ; profit and loss, $546,410— total, $2,449,646. Notes have been issued to the extent of $100,-
000, and bear interest at 4 p. c. They are secured by a preferred mtge. for like amount of $100,000, which is a prior
lien to the 1st mtge. above noted.

Directors (elected Oct. 19, 1897).— John W. Ambrose, Spottswood D. Schenck, W. Bayard Cutting, R. Ful-
ton Cutting, Clarence Stephens, J. A. Murray, Dennison Wood, New York, N. Y. OFFICERS : JOHN W. AMBROSE,
Pres.; W. Bayard Cutting, Treas.; Francis H. Bergen, Sec., New York, N. Y. GENERAL OFFICE, Pier 2, East
River, New York, N. Y.

86 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GRO-UP.

SOUTH JERSEY EH.— Winslow June, to Cape May, N. J., 54.1 m.; branch, Tnckahoe to Sea Isle, N.
J., 12.1 m.— total, 66. 2 miles. Truckage : Atlantic City RR., Camden to Winslow June., 24.5 miles. Total oper
ated, 90.7 miles. Gauge, 4 ft. 8} in. Rail (steel). 70 Ibs. Consolidation, July 23, 1893, of the Winslow a <!
Richland, the Richland and Petersburg, and the Petersburg and Sea Isle RR. Cos. (See MANUAL for 1897, p. 7 , )
Receiver appointed in Aug., 1894. Abondholders' committee, consisting of Robert P. Linderman and Thomas Robli
has issued a plan of reorganization under which it is proposed to assess bondholders and creditors 12 p. c. , new gen.
mtge. series A 5 p. c. 50-yr. gold bonds, to be given at an issue price of 90 p. c. of their par vahie in return for the
assessment ; the money derived from the assessment to be applied first to the deposit with the trustee of a new
prior lien mtge. (referred to hereafter) of a sumsufflcienttopay_ two years' interest on priorlien and on gen. mtge.
series A bonds, the balance of the assessment to be spent on improvemenls, etc. The receiver's indebtedness,
estimated at about $350,000 as of Jan. 1, 1898, it is proposed to fund into an issue of 50-yr. 5 p c gold prior lien
bonds, to be secured by a 1st mtge. upon all the property of the reorganized company. Holders of the present
indebtedness of the company, secured and unsecured, assenting to the plan, will receive 50 p. c. of their claims in
bonds at par, and 100 p. c. in new capital stock — one-half thereof in preferred shares and one-half in common.
These bonds, designated as gen. mtge. series B bonds, are to bear interest at 2 p. c. per annum, if earned, but not
cumulative, for the first three years ; 2 p. c. absolutely for each of the succeeding 2 years ; for the next 2 years 3
p. c. per annum; for the following 2 years 4 p. c. per annum, and thereafter, beginning with the 10th year, 5 p. c.
per annum. Depositary: The Girard Life Insurance, Annuity and Trust Co., Philadelphia, Pa. The road was
sold under foreclosure March 29, 1898, and was bid in by the reorganization committee. Locomotives (leased),
7. Cars (passenger), 27.

Operations.— All information refused ty this company. The following statement of earnings, etc., is from
the report of the Interstate Commerce Commission : Gross earnings, year ending June 30, 1896 (passenger, $55,-
957; freight, $23,459 ; other, $1,164). $80,580. Operating expenses, $122,451. Deficit from operations, $41,871.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock authorized and paid in (shares, $50),
$940,000. Funded debt authorized and outstanding consists of $850,000 1st mtge. 5 p. c. 30-yr. $500 mtge. gold
coup, bonds, due Oct. 1, 1923, interest April and Oct. Receiver's certificates, $110,500 ; floating debt, §150,115.
Total stock, bonds, and debt, representing cost of road and equipment, $2,050,615. Trustee of bonds : Trust Co.
of North America, Philadelphia, Pa. In Jan., 1898, the receiver's indebtedness amounted to about $350,000.

Directors.— William S. Fox, Logan M. Bullitt, J. H. Wheeler, Morris Boney, C. T. Kensit, Philadelphia,
Pa.; J. E. Taylor, J. M. E. Hildreth, John Halpin, V. M. D. Marcy, J. Mecray, Cape May, N. J.; T. B. Ludlam,
Sea Isle, N. J. ; E. A. Tennis, Thompsontown, Pa. OFPICBKS : FRANCIS I. GOWEN, Sec.; WILLIAM S. Fox,
Pres.: Logan M. Bullitt, Vice-Pres.; Thomas H. Willson, Sec. & Treas., Philadelphia, Pa. GENERAL OFFICE,
420 Walnut St., Philadelphia, Pa.

SOUTH SHORE RR.— Projected : Borough of Esplen, Pa., to 30th St., Pittsburgh, Pa., 4.87 miles.
Completed June 30, 1897, 1.25 miles. Gauge, 4 ft. 8^ in. Rail (steel), 75 Ibs. Organized, Sept. 14, 1892. Loco-
motives (owned, 1 ; leased, 1), 2. Cars (freight), 6.

Operations, year ending June 30, 1897. — Tons moved, 91,275. Earnings (freight), $11,687. Operating ex-
penses, $7,281. Net earnings, $4,406 ; surplus forward, $14,691— total, $19,09«.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $10,000 ; current accounts, $3,531 ;
profit and loss, $19,098— total, $32,629. Contra: Cost of road, etc., $28,858 ; cash and current assets, $3,770—
total, $32,629.

Directors.— Jas. W. Friend, F. N. Hoffstot, T. W. Friend, Pittsburgh, Pa. OFFICERS : J. W. FRIEND,
Pres.; F. N. Hoffstot, Sec., Treas. & Gen. Mgr., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

SOUTH VANDALIA AND STATE LINE RR.-South Vandalia to Flatstone, N. Y., 4m.;
total track, 4.63 miles. Gauge, 4 ft. 8£ in. Rail, 30 Ibs. Chartered Jan. 28, 1897 ; road opened Jan. 1, 1897. Loco-
motive, 1. Cars— combination, 1 ; flat, 1— total, 2.

Operations, six months ending June 30, 1897.— Trains run (passenger, 2,887 ; freight, 2,887), 5,774 miles.
Passengers carried, 8,802 ; carried one mile, 17,600. Tons moved, 4,100 ; ton-miles, 8,560. Earnings (passenger,
$1,340; freight, $2,051), $3,371. Operating expenses, $3,108. Net earnings, $263. Paid taxes, $101. Surplus, $162.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $40,000 ; profit and loss, $162— total,
$40,162. Contra : Cost of road, etc., $40,000 ; cash, $162— total, $40,162.

Directors.— C. P. Collins, J. R. Leonard, J. H. Evans, J. D. Downing, M. M. Kincade, Bradford, Pa.; W.
R. Page, W. A. Hardison, Fred. L. Eaton, Clean, N. Y. OFFICERS : C. P. COLLINS, Pres., Bradford, Pa. ; W. R.
Page, \7ice-Pres. & Gen. Man., Olean, N. Y.; W. M. Kincade, Sec. & Treas.; J. R. Leonard, Supt., Bradford, Pa.
GENERAL OFFICE, Olean, N. Y.

STERLING MOUNTAIN RY.— Sterlington to Lakeville, N. Y.,7.6 m.; sidings, etc., 1 mile. Gauge,
4 ft. 8£ in. Rail (steel, 7.45 m.), 56 and 60 Ibs. Chartered May 18, 1864 ; road opened Nov. 1, 1866. This com-
pany's business consists in carrying the product and supplies of the Sterling Iron and Ry. Co., the latter company
owning all its capital stock excepting shares required to qualify its directors. Locomotives, 2. Cars— freight
(gondola, 4 ; flat, 1), 5; caboose, 1— total, 6.

Operations, year ending June 30, 1897.— Trains run (passenger and freight), 8,000 miles. Piissengers car-
ried, l,ls)9 ; carried one mile, 7,918. Tons moved, 50,135 ; ton-miles, 387,369. Earnings (passenger, $276 ; freight,
$7,330), 87,607. Operating expenses, $7 285. Net earnings, $321 ; other receipts, $356— total, $677. Paid taxes,
$838. Deficit, $161 ; deficit forward, $200,242— total, $aOO,403.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $80,000 ; funded debt, income mtge.
(non-cumulative) 7 p. c. bonds, dated May 2, 1881, interest Feb. 1, $475,674 ; interest on funded debt, $180 ; loans
and bills payable, $158,542— total, $714,396. Contra : Cost of road, etc., $513,884 ; materials and supplies, $109 ;
profit and loss, $200,403— total, $714,39fi.

Directors.— James Day Rowlands, Jay Cooke, Jr., Victor Guillon, Jas. P. Scott, Philadelphia, Pa.; Wm.
B. Anderson, Peter T. Barlow, Macgrave Cox, New York, N. Y. ; Benj. Moffatt, Sr., Southfield, N. Y. ; B. Moffatt,
Jr., Sterlington, N. Y. OFFICERS : JAMES DAT ROWLANDS, Pres., Philadelphia, Pa.; Jay Cooke, Jr., Sec.; Benj.
Moffatt, Treas. <& Supt., Sterlington, N. Y. GENERAL OFFICE, Sterlington, N. Y.

STEWARTSTOWN RR.— New Freedom to Stewartstown, Pa., 7. 2 m. ; total track (steel ; 56 Ibs.), 8.45
miles. Gauge, 4 ft. 8^ in. Chartered Sept., 1884 ; road opened Sept. 12, 1885. Locomotive,!. Cars— passenger,
1 ; flat. 1— total, 2.

Operations, year ending June 30, 1897. — Passengers carried, 13,917. Tons moved, 24,049. Earnings (pas-
senger, $2,733; freight, $13,252; other, $847), $16,832. Operating expenses, $8,123. Net earnings, $8,709.
Payments on loan, $4,900 ; dividends (4 p. c.), $2,800— total, $7,700. Surplus, $1,009.

Financial Statement, June 30, 1897.— Capital stock (auth., $100,000; shares, $50) subscribed and paid
in, $70,000 ; bills payable, $5,000 ; profit and loss, $29.177— total, $104,177. Contra : Cost of road, etc., $101,399;
real estate, $353 ; materials, etc., $100 ; cash, $2,326— total, $1(14.177.

Directors (elected Jan. 10, 1898).— J. W. Anderson, W. H. Fulton, Wm. Hammill, A. G. Bowman, J. A.
Johnson, A. T. Grove, W. J. P. Gemmill, C. W. Shaw, Stewartstown, Pa.; W. F. Bay Stewart, York, Pa.; M. W.
Bahn, New Freedom, Pa.; J. Y. Keeney, Shrewsbury, Pa.; J. C. Wiley, Gatchelville, Pa. OFFICERS : J. W.
ANDERSON, Prey., Stewartstown, Pa.; M. W. Bahn, Vice-Pres, & Gen. Mgr., New Freedom, Pa.; T. B Fulton,
Treas.; A. G. Bowman, Sec., Stewartstown, Pa. GENERAL OFFICE, Stewartstown, Pa.

POOR'S MANUAL OF RAILROADS. 87

SUSQJTEHANNA AND BUFFALO RR.— Cook Run, Pa., to Foot of Plane, 1.5m.; total track,
1.60 miles. Gauge, 4 ft. 8± in. Rail (steel), 35 Ibs. Organized Sept. 22, 1891 ; road opened in June, 1888. Loco-
motives, 2. Cars— freight (flat), 1 ; coal. 3— total, 4.

Operations, year ending June 30, 1897.-Tons moved, 145,441. Earnings (freight, p,317 ; other, $100)
$3,417. Operating expenses, $5,157. Deficit from operations, $1,741.

Financial Statement, June 30, 1897.— Capital stock (shares, $50 ; auth,, $180,000), $144,000 ; accounts,
etc., $9.840; profit and loss, $2.946— total, $156,786. Contra: Cost of road, $32,269 ; due on capital stock, $123,-
840 ; cash and accounts, $676— total, $156,786.

Directors (elected March 26, 1897).— J. Henry Cochran, Garret D. Tinsman, H. C. Parsons-J. W. Cochran,
Jr., W. H. Tinsman, Frank Parsons, Garret Cochran, Williamsport, Pa.; Geo. L. Miller, W. H. H. Miller. West-
port, Pa. OFFICERS : J. HENRY COCHRAN, Pres.; H. C. Parsons, Vice-P>'es.; Garret D. Tiusman, Sec. • John S.
Brcnyn, Treat:., Williamsport, Pa.; Geo. L. Miller, Gen. Mgr., Westport, Pa. GENERAL OFFICE, 34 W. 4th St.,
Williamsport, Pa.

TIONESTA VALLEY BY.— Dnnhaus to Lamona, Pa.. 47 m.; snndry branches, 16.3 m.— total, 63.3
m. ; total track (steel; 35 Ibs.), 77.01 miles. Gauge, 3 ft. Consolidation, Aug. 3, 1894, of the Tionesta Valley, the
Sheffield and Spring Creek, the Cherry Grove and the Warren and Farnsworth RR. Cos. (see MANUAL for 1895).
Locomotives, 5. Cars — passenger, 4; freight, 265; other, 2 — total cars, 271.

Operations, year ending June 30, 1897.— Trains ran (passenger, 29,016; freight, 15,600), 44,616 miles. Pas-
sengers carried. 24,282 ; carried one mile, 193,243. Tons moved, 75,860 ; ton-miles, 905,596. Earnings (passenger,
$10,780; freight, $38,251 ; other, $22). $49,053. Operating expenses, $38,058. Net earnings, $10,995. Total de-
ductions, $1,457. Surplus, $9,538.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $350,000 ; current liabilities, $2,523 ;
deductions, $4f,703 ; profit and lo-s, $5,314— total, $399,541. Contra : Cost of property, $392.683 ; cash assets,
$8^8— total, $399,541.

Directors (elected Jan. 10, 1898).— B. B. Horton, J. J. Lapham, New York, N. Y.; J. H. Horton, Warren,
Pa.: H. A. Pinney, C. H. Smith, John McNair, A. H. Bailey, H. A. Crary, Sheffield, Pa.; C. W. Goodyear,
Buffalo, N. Y.; B. McOwen, Clarendon, Pa.; M. D. Crary, Sheffield, Pa. OFFICERS : JAMES H. HORTON, Pres.,
Warren, Pa.; H. A. Crary, Vice-Pres.; R. G. Brownell, Sec.; Chas. Sigel, Tretis.; Isaac Horton, Gen. Man.,
Sheffield, Pa. GENERAL OFFICE, Sheffield, Pa.

TIONESTA VALLEY AND HICKORY RY.— Nebraska to Ross Run, Pa., 5 miles. Gauge, 4 ft.
8i in. Rail (steel), 52 and 62 Ibs. This road was built as a freight and lumber enterprise. Organized March 26,
1892.

Operations, year ending June 30, 1897.— Trains rnn (freight). 2,900 miles. Tons moved, 12,600 ; ton-
miles, 53,550. Earnings (freight), §1,758. Operating expenses, $1,284. Net earnings, $474. Deductions, $108.
Surplus, $305.

Financial Statement, June 30, 1897.— Capital stock ($50,000 auth. ; $50 shares), $33,000 ; profit and loss,
$365— total, s33,365. Contra ; Cost of road, 833,000 ; profit and loss, $365— total, $33.365.

Directors.— T. D. Collins, E. S. Collins, Nebraska, Pa.; Geo. F. Watson, Golinza, Pa. OFFICERS : T. D.
COLLINS, Pres.; Geo. F. Watson, Vice-Pre*. , Nebraska, Pa.; E. S. Collins, Sec., Treas. & Gen. Man., West Hick-
ory, Pa. GENERAL OFFICE, Nebraska, Pa.

TIONESTA VALLEY AND SALMON CREEK RY.-Ross Rnn to Kellettville, Pa., 6 miles.
Gauge, 4 ft. 8i in. Rail (steelj, 62 Ibs. Organized May 12, 1892. Built as a freight and lumber enterprise. Loco-
motive, 1. Cars (freight), 10.

Operations, year ending June 30, 1897.— Trains run (freight), 2,400 miles. Tons moved, 16,760 ; ton-miles,
92,180. Earnings (freight), $3,604. Operating expenses, $1,355. Net earnings, $2,249. Deductions, $5,007. Defi-
cit, §2.758.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock (auth., $50,000) paid in, $17,000 ;
current liabilities, $12,893— total, $29,893. Contra ; Cost of road, etc., $29,353 ; profit and loss, $540— total,
$29,893.

Directprs.— T. D. Collins, M. S. Collins, E. S. Collins, Nebraska, Pa. OFFICERS : T. D. COLLINS, Pres.;
Marj' S. Collins, Vice-Pres.; E. S. Collins, Sec., Treas. <fc Gen. Man., Nebraska, Pa. GENERAL OFFICE, Ne-
braska, Pa.

TROY TTNION RR.— Troy and Greenbnsh RR. to Hoosac St. Bridge, 2.14m.; total track, 4.28 miles.
Gauge, 4 ft. 8} in. Chartered July 21, 1851 ; opened Feb. 22, 1854. Owned one-half by the N. Y. C. & H. R. RR.
Co. and one-fourth each by the Delaware and Hudson Canal Co. and the Fitchburg RK. Co. Operations included
in the accounts of the owners, and expenses shared by them proportionately.

Financial Statement.— Capital stock (N. Y. C. & H. R. RR. Co., $15,000 ; D. & H. C. Co., $7.500 ; F.
RR. Co., $7,500). $30,000 ; funded debt, let mtge. 7 p. c. bonds, made by the City of Troy and guaranteed by the
owners separately, $080,000— total $710,000. Contra : Construction ($366.348 m.), $783,985.

Directors (elected Nov 1, 1897).— H. Walter Webb, John Carstensen, E. Van Etten, Ira A. Place, E. V. W.
Rossiter, New York, N. Y.; H. G. Young, C. D. Hammond, F. A. Harrington, L. E. Carr, Albany, N. Y.; Joseph
Crandell, Troy, N. Y. ; Edmund D. Codman, C. L. Mayne, Boston, Mass. OFFICERS : H. WALTER WEBB, Pres.,
New York, N. Y.; H. G. Young, Vice-Pres.; F. A. Harrington, Sec. & Treas., Albany, N. Y. GENERAL OFFICE,
Troy, N. Y.

TUCKERTON RR.— Whiting's Station, N. J., to Tnckerton, N. J., 29 m.; Tuckerton to Edge Cove,
N. J. (not in operation), 3m.— total, 31 m.; total- track (steel, 6 m.), 32.5 miles. Rail, 50 to 60 Ibs. Gauge, 4 ft.
9 in. Chartereil March 26, 1866 ; road opened Nov. 1, 1871 ; reorganized, 18SO. Locomotives, 3. Cars— passen-
ger, 2 ; baggage, etc., 2 ; ireis/ht (box, 9 ; flat, 11 ; caboose, 1), 21— total, 25.

Operations, etc.— All information refused.

Financial Statement, Dec. 31, 18!>6.— Capital stock (anth.— common. $125,000 ; preferred, $500,000),
paid in, $550,99:2 ; bonded debt, $99,882; floating debt, $16,210— total, representing cost, etc., $662,017. Funded
debt consists of 1st nitge. 6 p. c. $500 and $1,000 bonds (auth., $100,000), due July 8, 1910, interest Jan. and July,
at company's office. J. L.Erringer, trustee of bonds. Stock paid in : Common, $105,618; preferred, $445,374.

Directors.— T. T. Price, Theo. P. Price, Tnckerton, N. J.; Rutherford Stuyvesant, New York, N. Y.;
Samuel Asahurst, Ricnard Ashhurst, Lewis R. Ashhurrtt, Jr., Walter W. Pharo, Philadelphia, Pa.; Herbert A.
Drake, G. G. Browning, Camden, N. J. OFFICERS : SAMUEL ASHHURST, Pres.; R. Ashhurst, Treas., Philadel-
phia, Pa.; T. T. Price, Sec., Tuckerton, N. J. GENERAL OFFICE, Tuckerton, N. J.

TTJSCARORA VALLEY RR.— Port Royal to Blair's Mills, Pa., 27 miles. Gauge, 3 ft. Rail (steel),
30 and 05 Ibs. Incorp. in 18W1 and 1893 ; road opened from Port Royal to East Waterford, 17.5 m., in Feb. 1893 ;
extended to Blair's Mills in 1896. It is proposed to broaden the gauge to the standard. Locomotives, 4. Cars —
passenger, 4 ; baggage, etc.. 1; freight, 52— total, 57.

Operations, year ending June 30, 1897.— Passengers carried, 18,252. Tons moved, 10,286. Earnings (pas-
senger, $0.000; freight, $10.749), $16,749. Operating expenses, $8,175. Net earnings, $8,574.

Financial Statement, June 30, 1897.— Capital stock (auth., $300,000; shares, $50). $150,000; funded debt
(1st mtge. 5 p. c. 20-yr. gold bonds, dated July 1, 1897. interest payable Jan. and July in New Yock; authorized,
$150,000) outstanding, $105,000— total stock and bonds outstanding, $255,000, Contra: Cost of road, $371,797;
cash and current assets, $674— total, $372,472.

88 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.

Directors.— T. S. Moorhead, J. C. Moorhead, Point Royal, Pa.; H. G. Cohill, East Waterford, Pa.; J. M.
Blair, Blair's Mills, Pa.; L. S. Catlin, Bridgeport, Conn.; Carl F. Espenschade, A. G. Scholl, Mifflintown, Pa.
OFFICERS: T. S. MOORHEAD, Pres. A Gen. Man.; J. C. Moorhead, Vice-Pres. & Treas.; Carl F. Espenschade, Sec.;
A. G. Scholl, Auditor, Port Royal, Pa. GENERAL OFFICE, Port Royal, Pa.

UNADILLA VALLEY BY.— Bridgewater to New Berlin, N. Y., 19.14 m.; total track (steel ; 56, 60,
and 70 Ibs.), 20.03 miles. Gauge, 4 ft. 8i in. Chartered Jan. 27, 1890; road opened throughout, July 25, 1895.
Locomotives (1 leased), 2. Cars— passenger, 2; freight (box, 4; flat, 6), 10 ; other, 4— total, 16.

Operations, year ending June 30, 1897.— Trains run (passenger, 15,968 ; freight, 14,580 ; other, 2,006), 32,-
554 miles. Passengers carried, 19,161 ; carried one mile, 188,478. Tons moved, 17,477 ; ton-miles, 213,131.
Earnings (passenger, $5,653; freight, $12,483; other, $1,717), $19,852. Operating expenses, $17,383. Net earnings,
$2,469 ; other receipts, $183— total, $.4,652. Charges : Interest on bonds, $12,500 ; taxes, $1,480— total, $13,980.
Deficit, $11,328 ; deficit forward. $10.978— total, $22,306. The interest on bonds ($12,500), shown above was not
paid, but was funded by the bondholders for five years.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $200,000; funded debt (1st mtge. 5 p.
c. 40-yr. $500 and $1,000 gold coup, bonds, diie Jan. 2, 1933, interest Jan. and July, $250,000; income 5 p. c. 20-yr.

t 1,000 coup, bonds due Sept. 1, 1913, auth., $32,000; outstanding, $30,700), $280,700; current accounts (to be liqui-
ated by issue of additional capital stock when duly authorized), $61,205; audited vouchers and pay rolls, $1,661 ;

, , .

issue. Trustee of 1st mtge. bonds : Central Trust Co., New York. Interest on bonds payable at the office of De
Coppet & Co., 44 Broad St., New York, N. Y.

Directors (elected May 5, 1897).— F. De Coppet, Shrewsbury, N. J.; Ralph Brandreth, Sing Sing, N. Y.;
G. C. Henry, Clarence Goodby, William Thome, Win. L. Skidmore, Frederic F. Culver, New York, N. Y.
OFFICERS : FREDERIC DE COPPET, Pres.; Ralph Brandreth, Vice-Pres.; G. C. Henry, Treas.; Frederic F. Cul-
ver, Gen. Man.; August Graf, And., New York, N. Y. GENERAL OFFICE, 80 Broadway, New York, N. Y.

UNION RR. (Pittsburgh, Pa.).— Bessemer. Pa. to Mnnhall and Cochran, Pa., 2.40 m.; branches, 3.59
m.— total, 5.99 m.; 2d track, 1.40 m.; sidings, 10.28 miles. Gauge, 4 ft. 8j- in. Rail (steel), 80 Ibs. Organized
July 2, 1894; road opened June 1, 1896. Locomotives, 26.

Operations, year ending June 30, 1897.— Tons moved, 3,887,235. Earnings (freight), $549,014. Operating
expenses, $254,966. Net earnings, $294,048 ; other receipts, $7— total, $294,055. Payments : Interest on bonds,
$62,500 ; other interest, $3,640 ; other payments, $14,936— total, $81,076. Surplus, $212,978 ; surplus forward,
$6,227— total, $219.205.

Financial Statement, June 30, 1897.— Capital stock (auth., $2,000,000; shares, $50), $1,500,000; funded
debt (1st mtge. 5 p. c. 50-yr. $1,000 coup, bonds, dated Sept., 1896, interest March and Sept.; auth., $2,000,000),
$1,500,000; current accounts, $383,307: mtges. on real estate purchases, accrued interest on bonds not due, and •
taxes not due, $195,814; profit and loss, $219,205— total, $3,798,326. Contra : Cost of road, etc., $3,308,729;
securities owned, $170,000; current accounts, $180,243; cash, $39,353— total, $3,798,326. The bonds are secured
on main line and branches, sidings, etc., a total when completed of about 25 miles. Trustee: Fidelity Title and
Trust Co., of Pittsburgh, Pa., at whose office interest is payable.

Directors (elected Jan., 1898).— J. H. Reed, H. M. Curry, A. M. Moreland, P. C. Knox, Geo. E. McCague,
R. A. Franks, Wm. J. Post, Pittsburgh, Pa. OFFICERS : J. H. REED, Pres.; H. M. Curry, Vice-Pres.; R. A.
Franks, Sec. <& Treas.; Wm. J. Post, Aud., Pittsburgh, Pa. GENERAL, OFFICE, Pittsburgh, Pa.

TJRSINA AND NORTH FORK RY.-Ursina (Pittsburgh Div. B. & O. RR.), Pa., to Edna Mines,
4 miles. Rail (steel), 45 Ibs. Gauge, 4 ft. 8* in. Incorp. Feb. 23, 1882, as successor to the U. & N. F. RR. Co.
(See MANUAL for 1893.) Locomotive, 1. Car (passenger) 1.

Operations, year ending June 30, 1897.— Passengers carried, 216. Tons freight moved, 5,459. Earnings
(passenger, $29; freight, $1,145), $1,174. Operating expenses, $1,864. Deficit from operations, $689.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $20,000; advanced by stockholders not
adjusted, $10,000— total, representing cost, etc., $30,000.

Directors.— J. M. Reid, B. F. Boyts, Connellsville, Pa. ; Jos. Albree, Allegheny City, Pa. ; E. Scull, Somer-
set, Pa.; E. H. Reid, Scottdale, Pa. OFFICERS: J. M. RKID, Pres., Connellsville, Pa.; E. H. Reid, Treas. & Gen.
Man., Scottdale, Pa.; Jos. Albree, Sec., Allegheny City, Pa. GENERAL OFFICE, Scottdale, Pa.

VALLEY RR.— West Line, Pa., to Bells, Pa., 9 miles. Gauge, 4 ft. 8} in. Rail (steel), 60 Ibs. Organ-
ized Dec. 18, 1S93; road opened to Bells in May, 1897. Locomotives, 2. Cars— passenger, 1 ; freight. 20 — total, 21.

Operations, year ending June 30, 1897.— Trains run (freight, 9,000; mixed, 1,800), 10,800 miles. Passen-
gers carried, 401; carried one mile, 1,203. Tons moved, 44,551; ton-miles, 133,653. Earnings (passenger, $60;
freight, $16,259), $16,319. Operating expenses, $7,401. Net earnings, $8,918. Sundry payments, $163. Surplus,
$8,756; surplus forward, $8,421— total, $17,177.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $15,000; current liabilities, $28,174;
profit and loss, $17,177— total, $60,351. Contra: Cost of road, etc., $39,063; cash and current assets, $21,288—
total, $60,351.

Directors (elected April 3, 1897).— E. R. Schoonmaker, Limestone. N. Y.; S. A. Mundy, H. F. Mundy, H.
F. Mundy, Jr., E. M. Bell, Frank A. Williams, S. T. Swartz, Bradford, Pa. OFFICERS : C. A. WEED, Pres. &
Treas., Binghamton, N. Y.; S. A. Mundy, Vice-Pres.; S. T. Swartz, Sec.; J. H. Beardsley, Gen. Man., Bradford,
Pa. GENERAL OFFICE, Binghamton, N. Y.

WASHINGTON AND POTOMAC TiS,.— Projected : Washington, D. C., to Point Lookout, Md.,
80 miles. Completed and in operation: Brandywine to Mechanicsville, Md., 21 m.- Washington, D. C., towards
Brandywine, Md., 2 m. (not in operation)— total, 23 miles. Gauge, 4 ft. 8} inches. Rail (steel), 56 Ibs. Chartered
April 3, 1872, as successor to the Southern Maryland<RR.; first portion opened 1886. Leased and operated by the
President and Vice-President. Grading completed from Mechanicsville to Point Lookout, about 40 m., and on
Esperanza and St. Mary's City branches, 7m., and partly completed between Brandywine and Washington. Roll-
ing stock leased from Pennsylvania RR. Co. Locomotive, 1. Cars— passenger, 2; baggage, etc., 1— total, 3.

Operations, etc.— All information refused.

Financial Statement.— Capital stock authorized (par $100; common, $3,750,000; preferred, $250,000),
$4,000,000. Funded debt authorized, 6 p. c. 30-yr. $1,000 gold bonds, due April 1, 1916, interest April and Oct.;
amount issued, not stated.

Directors.— No list furnished. OFTICERS: CHARLES H. GREEN, Pres. and Gen. Man.; W. W. Early, Asst.
Supt., Brandywine, Md. GENERAL OFFICE, 82 and 84 Church St., New York, N. Y. Operating Office, Brandy-
wine, Md.

WHIPP ANY RIVER RR.— Morristown to Whippany, N. J., 4m.; operated: McEwan Bros. Co.'s
RR., from Whippany to Paper Mills, 0.6 m.— total, 4.6 miles. Sidings, 0.4 mile. Gauge, 4 ft. 8} in. Rail (steel),
65 Ibs. Organized Aug. 2, 1895 ; road opened Oct. 2, 1895. Receiver appointed Nov. 26, 1895, and discharged Aug.
4, 1897. Locomotive, 1. Combination car, 1.

Operations, year ending June 30, 1897.— Not reported. For latest statement, see MANUAL for 1897, p. 80.

POOR'S MANUAL OF RAILROADS. 89

Financial Statement, June 30, 1897.— Capital stock (shares, $100), auth. and subscribed, $25,000 ; paid
in, about 50 p. c. Funded debt— 1st mtge. 5 p. c. 10-yr. bonds, due July J, 1905, interest Jan. 1 and July 1, $25,000.
Cost of road, etc., $42,150. Interest payable at Morristown, N. J. Trustee of bonds : S. M. Hopping, Hanover,
N. J.

Directors.— W. W. Cook, J. L. McEwan, R. B. McEwan, R. W. McEwan, Arthur McEwan, Frank Mc-
Ewan, Herman Behr, Whippany, N. J. OFFICERS : J. L. McEwAN, Pres.; Herman Behr, Vice-Pres.; R. B. Mc-
Ewan, Treas.; R. W McEwan, Sec. & Supt., Whippany, N. J. GENERAL OFFICE, 21 Wooster St., New York,

WILKESB A.RRE AND NORTHERN RR.— Wilkesbarre to Harvey's Lake, Pa., 16 miles. Com-
pleted July 1, 1897 : Luzerne to Harvey's Lake, Pa., 12 miles. Gauge, 4 ft. 81 in. Rail (steel), 60 Ibs. Chartered
in Jan., 1896, and purchased the right of way, roadbed, etc., of the Luzerne, Dallas and Harvey's Lake Ry. C >.
The road as above was completed July 1, 1897. Connects at Luzerne with the line of the Wilkesbarre and Wy-
oming Valley Traction Co. with which company it has a traffic contractand operates its cars into the public square
at Wukesbarre. A connection will be completed with the Delaware, Lackawauna and Western RR., and the
freight traffic will be operated in connection with that road. Locomotives, 3. Cars — passenger, 9 ; baggage, etc., 1.

Financial Statement, Sept. 1, 189~.-CapitaI stock (shares, $100), authorized, $400,000 ; paid in, $392,-
000. Funded debt authorized and outstanding consists of $200,000 1st mtge. 5 p. c. 30-yr. bonds, dated Aug., 1896,
interest Feb. and Aug., at the office of the trustee, Anthracite Savings Bank, Wilkesbarre, Pa. Total stock and
bonds, $600,000. Cost of road, etc., to date, $564,274. Estimated cost of completed road, $600,000.

Directors.— J. Ridgway Wright, Andrew Hnnlock, Charles Shupp, P. Butler Reynolds, Morgan Weller,
Pierce Butler, Edward Gunster, P. R. Raife, Wilkesbarre, Pa. OFFICERS : JOHN GRAHAM, Pres.; Jonn Schmitt,
Treas.; Edward Gunster, Sec.; D. J. Bownd, Supt., Wilkesbarre, Pa. GENERAL OFFICE, Wilkesbarre, Pa.

WILLIAMSPORT AND NORTH BRANCH RR.-Hall's to Satterfleld, Pa., 44.4m.; branch:
Birch Creek to Bernice, Pa., 0.6 m.— total, 45 miles. Siding;-, 10 miles. Gauge, 4 ft. 9 in. Rail (steel), 65 and 70
Ibs. Reorganization. Sept. 1, 1882, of the Mnncy Creek RR. Co., whose road was sold under foreclosure Aug. 9,
1882. (See MANUAL for 1895.) Locomotives, 5. Cars— passenger, 6 ; baggage, etc., 3'; freight (flat, 1 ; caboose,
3), 4— total, 13.

Operations, year ending June 30, 1897.— Trains run (passenger, 73,020 ; freight, 31,283; other, 1,387),
105,690 miles. Passengers carried, 55,780 ; carried one mile, 713,806. Tons moved, 90,287 ; ton-miles, 2,526,991.
Earnings (passenger, $20,768 ; freight, $52,643 ; other, $4,958), $78,368. Operating expenses, $71,051. Net earn-
ings, $7,317. Charges : Interest on bonds, $56,250 ; taxes, $1,015— total, $57,265. Deficit, $49,948 ; deficit for-
ward, $93,656— total, $143,604.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), common (auth., $2,000,000), $925,362 ;
preferred, $300,000 ; funded debt, 1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, due Sept. 1, 1922, interest March and
Sept. (auth., $2,000,000), $1,125,000 ; current accounts, $49,590; other liabilities, $187,500— total, $2,587,452. Con-
tra : Cost of road, $1,947,113 ; equipment, $66,446 ; real estate, $51,182 ; securities owned, $3,950 ; materials and
fuel, $3,369 ; other property and assets, $354,886 ; cash, $6,850 ; current accounts, $10,052 ; profit and loss, $143,-
604— total, $2,587,452. Bonds are secured by mortgage on the line from Hall's to Satterfield, Pa., 44.4 miles.
Coupons payable at the office of the trustee, Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa.

Directors (elected May 19, 1897).— George V. Forman, Buffalo, N. Y. ; J. Henry Cochran, Eugene R. Payne,
Seth T. McCormick, Williamsport, Pa. ; R. E. Eavenson, Hughesville, Pa. ; J. Raymond Claghorn, Philadelphia.
Pa. OFFICERS : GPO. V. Forman, Vice-Pres., Buffalo, N. Y.; J. Henry Cochran, Treas.- Seth T. McCormick,
Sec., Williamsport, Pa.; R. E. Eavenson, Gen. Mgr.: Geo. L. Simpson, Gen. Auditor, HuKhesville, Pa. GENERAL
OFFICE, Hughesville, Pa.

WILLIAM'S VALLEY RR.— Brookside, Schnylkill Co., to Lykens, Pa., 12 miles. Rail (steel),
60 Ibs. Gauge, 4 ft. 8£ in. Chartered Sept. 19, 1891 ; charter amended Nov. 24, 1891 ; road opened July 1, 1892.
Locomotive, 1. Cars (passenger), 3.

Operations, year ending June 30, 1897.— Trains run (mixed), 47,970 miles. Passengers carried, 93,365.
Tons moved, 16,954. Earnings (passenger, $13,257 ; freight, $11,458 ; other, $897), $25,612. Operating expenses,
$13,906. Net earnings, $11,706. Paid interest and taxes. $6,531. Surplus, $5,175.

Financial Statement, June 30, 1897.— Capital stock (auth., $120,000; shares, $50), $90,000; funded
debt (1st mtge. 6 p. c. 20-yr. $500 coup, bonds, due Dec. 1, 1911, interest June and Dec.) $87,000 ; current accounts,
$14,866 ; profit and loss, $25,231— total, $217,097. Contra : Cost of road, etc., $201,328; other property and assets,
$15,769— total, $217,097. Interest payable at Tower City, Pa. Trustee of bonds : Guarantee Trust and Deposit
Co., Philadelphia, Pa.

Directors (elected Jan. 11, 1898).— John Jameson, Bloomsburg, Pa.; A. F. Baker, Norristown, Pa.; C. M.
Kaufman, E. F. Philips, Tower City, Pa. ; Amos Lebo, J. W..Durbin, Williamstown, Pa. ; Edward Lebo, John L.
Matter, Lykens, Pa.; Isaac Mossop, Wiconisco, Pa. OFFICERS: JOHN JAMESON, Pres.; E.F.Philips, Treas.;
C. M. Kaufman, Sec. & Gen. Traf. Mgr., Tower City, Pa. GENERAL OFFICE, Tower City, Pa.

YORK SOUTHERN RR.— York to Delta and South Delta, Pa., 37 m.; branch, Delta to Peach
Bottom, Pa.. 4m.— total, 41 miles. Sidings, 2.69 miles. Ganges — main line, 4 ft. 8$ in.; branch, 3ft. Rail
(steel), 56 Ibs. Organized Nov. 1, 1894, and purchased the narrow gauge road of the Baltimore and Lehigh RR.
in Pa. Main line, as above, changed to standard gauge on Oct. 22, 1895. Operated since Feb. 1 , 1896, under close
traffic arrangements with the Penn. RR. system. Locomotives. 4. Care— passenger, 7 ; freight, 78— total, 85.

mixed, 24,015), 69,769 miles.
Earnings (pas-

_ 2. Deductions,

$20^497. " Surplus, $5,9"65.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $600.000; funded debt (Series "A,"
Y. & P. B. Ry. 5 p. c. 50-yr. $50, $100 and $500 bonds, due 1932, interest April and Oct., $47,500; Series " B," Y.
& P. B. Ry. 5 p. c. 50-yr. $50, $100 and $500, due 1932, interest May and Nov., $202,500 ; mtge. Y. S. RR. 5 p. c.
$1,000 coup, bonds, dated 1895, due 1944, interest March and Sept., $150,000), $400,000 ; other liabilities, §35.872 ;
profit and loss, $10,016— total, $1,045,888. Contra: Cost of road, etc., $1,041,813 ; cash and current assets, $4,075
—total, $1,045,888. Trustee of bonds : Security Title and Trust Co., York, Pa., where interest is payable.

Directors (elected May 3, 1897).— Warren F. Wai worth, Cleveland, O.; John C. Neville, Bay City, Mich.;
W. F. Bay Stewart, H. C. Niles, Geo. P. Smyser, Chas. I. Nes, York, Pa.; M. H. Houseman, Charles Adler,
Baltimore, Md. OFFICERS : W. F. WALWORTH, Pres., Cleveland, O.; J. C. Neville, Vice-Pres., Bay City, Mich.;
C. C. Frick, Treas., York, Pa.; M. H. Houseman, Sec., Baltimore, Md.; S. M. Manifold, Gen. Mgr.; Geo. R.
Rogers, Auditor, York, Pa. GENERAL OFFICE, York, Pa.

YOUGHIOG-HENY -RR.— Irwin to Gratztown, Pa., 10 m. ; total track (steel, 12 m.), 15 miles. Rail,
60 Ibs. Gauge, 4 ft. 9 in. Chartered March 4, 1861. Built by the Penn Gas Coal Co., to connect its mines with
the Pennsylvania and B. & O. RRs. , The company has no capital stock. Locomotive, 1. Cars— passenger, 3 ;
freight (box), 2; other, 2— total, 7.

Operations, year ending June 30, 1897.— Trains run (passenger, 4,230 ; freight, 8,470). 12,700 miles. Pas-
sengers carried, 15,855 ; carried one mile, 113,522. Tons moved, 7,190 ; ton-miles, 22,651. Earnings (passenger,
$4,333; freight, $2,668), $7,001. Operating expenses, $17,887. Deficit from operation, $10,885.

90

POOK'S MANUAL — CENTRAL NORTHERN GROUP.

Directors.— F. A. Dingee, John Reilly, E. Eoberts, Jr., Philadelphia, Pa.; D. Herbert Hosstetter, Pitts-
burgh, Pa.; John S. Chambers, Trenton, N. J. OFFICERS : F. A. DINGEE, Pres.; A. K. Gregory, Sec. & Treat.*
Philadelphia, Pa. ; John F. Wolf, Gen. Supt., Irwin, Pa. GENERAL OFFICE, Philadelphia, Pa.

YOTJGHIOGrHENY CENTRAL. BY.— Projected: Near Dawson, Pa., to Vanderbilt, Pa., 5 m.,
completed, 4 miles. Gauge, 4 ft. 8$ in. Rail (steel), 60 Ibs. Chartered Aug. 24, 1892 ; road opened 4 m. in 1896.
This road forms a freight connecting line between railroads entering the Connellsville coke region of Pennsyl-
vania. It is intended mainly for coal and coke transportation. The line will be opened for through traffic npon
the completion of a tnnnel through the mountain. This tunnel will be upwards of one mile in length and will
pass through the coal seam. Locomotive, 1. Freight cars, 300. Capital stock auth. .($100 shares), $200,000; paid
up, $9,000.

Directors.— Thomas J. Melch3r,J.B. Henderson, Vanderbilt, Pa.; A. Cummins, Pittsburgh, Pa.; W. J.
Rainey. H. J. G. Milcher, Cleveland, O.; Thomas Johns, Moyer, Pa.; W. T. Rainey, Philadelphia, Pa. OFFI-
CERS: W. T. RAINET, Pres., Philadelphia, Pa.; W. J. Rainey, Vice-Pres., Cleveland, O.; H. J. G. Melcher, Treat.,
Cleveland, O. ; T. J. Mitchell, Supt., Vanderbilt, Pa. GENERAL OFFICE, Vanderbilt, Pa.

CENTRAL NORTHERN GROUP— States of Ohio, Michigan,
Indiana, Illinois, and Wisconsin.

fST~ Railroads associated with others, forming Systems, or those reporting for the calendar year, if not in
alphabetical order following, may be found by referring to the GENERAL INDEX.

CHICAGO AND WESTERN INDIANA RAILROAD COMPANY.

Main Line of Road.— Polk Street, Chicago, to Dolton, 111 16.99 m.

Branches : Hammond, 10.28m.; Cragin, 15.9 m.; So. Chicago, 5.41 m. .31.59m. — 48.58 miles.
2d track, 43.83 m. ; 3d track, 9.75 m.; 4th track, 9.75 m.; sidings, 102.88 m.; total track,
214.79 miles. Gauge, 4 ft. 84 in. Kail (steel), 60, 66, and 80 Ibs.

History. — Organized June 9, 1879 ; consolidated, Jan. 26. 1882, with the South Chicago
& W. I. RR. Co. and the C. & W. I. Belt Ry. Co. (See MANUAL for 1893, p. 165.)

PROPERTY. — The real estate (including wbarf property on the Chicago River) owned in
fee simple, and covered by the general mortgage, consists of over 850 acres of land within
the city limits used for right of way, switch and transfer yards, and passenger and freight
depots leased to various companies.

The Belt Division and the Indiana Elevator are leased to the Belt Ry. Co. of Chicago,
and the rest of the property is leased conjointly by the Chicago and Eastern Illinois, the
Wabash, the Chicago and Grand Trunk, the Chicago and Erie, the Chicago, Indianapolis and
Louisville (each owning $1,000,000 of the capital stock), the Atchison, Topeka and Santa
Fe, and the Elgin, Joliet and Eastern Cos., the lessees paying all expenses of operation and
maintenance on a mileage basis. The leases are all covered by the mortgage as additional
security.

Rolling Stock, June 30, 1897. — Locomotives, 45. Cars— flat, 96 ; caboose, 16 ; stone
dump, 50 ; other, 24 — total, 186. Also 2 steam derricks. Of this equipment, 42 locomotives,
80 flat, 14 caboose, 50 stone dump, and 6 hand cars are leased to the Belt Ry. Co. of Chicago.

Income Account, year ending June 30, 1897. — Rentals from lessees, $1,111,066.32 ; from
houses and lands, $17,695.55 ; interest on overdue accounts, $28,313,40 ; miscellaneous earn-
ings, $6,178.33— total, $1,163,253.60. Payments : Interest on bonds, $653,990 ; sinking fund,
$1(38,891.90 ; dividends (Sept. and Dec., 1896, and March and June, 1897, 11 p. c. each),
$300,000 ; trustee's commission, $4,130— total, $1,127,011.90. Surplus, $36,241.70; surplus
forward, |682,350.22-total, $718,591.92.

Capital stock, bonded debt, and income account for eight years :

v Capital

Bonded

Cost and

Gross

Interest

Dividends

Other

Total

Balance

lrs- Stock.

Debt.

Investments.

Income.

Paid.

Paid.

Payments.

Payments.

( + or — )

$

$

$

8

8

8

8

8

8

1890. . 5,000,000

8,592,667

15,494,105

882,329

518,550

150,000

91,368

759,918

+ 122,411

1891 . 5,000,000

8,976,667

16,100,068

1,371,538

527,115

1.100,000

99,417

1,726,532

-354,994

1892.

5,000,000

9,573,667

16,721,375

932,872

550.849

225,000

118,472

894,321

+ 33,351

1893.

5,000,000

11,014,667

18,723,134

1,070,362

026,072

300,000

135,829

1,061,901

+ 8,461

1894.

5,000,000

11.112,667

18,976,015

1,140,405

664,130

300,000

145,189

1,109,319

+ 31,086

1895.

5,000.000

11,125,667

19,162,129

1,141,405

671,906

375,000

154,021

1,200,927

- 59,522

1896.. 5,000,000

10,968,667

19,233.695

1,151,434

663,630

300,000

163,334

1,126,964

+ 24,470

1897.. 5,000,000

10,801,067

19,361,623

1,163,254

653,990

300,000

173,023

1,127,012

+ 36,243

POOR'S MANUAL OF RAILROADS. 91
General Balance Sheet, June 30, 1897.

Cost of Road, Real Estate, etc $18,998,810 82 ; Capital Stock (shares, $100) $5,000,000 00

Rolling Stock ; 362,811 59 j Funded Debt 10,801,666 67

Materials and Fuel , 73,367 55 i Current Accounts 71,75106

Current Accounts ' 209,389 24

Bills Receivable 20,000 00

Cash on Hand 38,299 55

Cash in Hands of Trustees 292,437 99

Cash in Hands of J. P. Morgan & Co 51,590 00

Total Assets $20,046,706 74

Sinking Fund Paid in... 3,382,023 76

Interest Accrued, not Due 59,753 33

Interest Coupons not Presented 12,920 00

Profit and Loss 718,591 92

Total Liabilities $20,046,706 74

Funded debt outstanding, June 30, 1897, consisted of —

1st mtge. 6 p. c. 40-yr. coup. $1,000 bonds, due Nov. 1, 1919, int. May & Nov. (auth., $4,000,000). .$1,149,000 00
Gen. mtge. 6 p. c. 50-yr. coup. $1,000 bds., due Dec. 1, 1932, int. M.,J.,S. & D. (auth., $15,000,000) 9,652,666 67

On Nov. 1, 1897, $87,000 1st mtge. bonds were retired by operation of the sinking fund.

The 1st mtge. bonds are payable (principal and interest) at the office of J. P. Morgan & Co., New York,
in gold coin, and are provided with a sinking fund from Jan. 1, 1885, sufficient to pay off all the bonds at
105 and interest, \at which price they are redeemable by lot since the date named. The same conditions apply
to the gen. mtge. bonds, with the exception that action of sinking fund did not begin until Jan. 1, 1886, and
all of the firsts must be drawn before any of the gen. mtge. bonds. Provision is made for registration of
principal of bonds of both issues, the registrars being J. P. Morgan & Co., New York, N. Y. A sufficient
amount of gen. mtge. bonds is reserved to retire the firsts. The bonds are secured on the entire property of
the company and also on the rentals from the lessees. The mtge. provides that the .total rentals shall at all
times be at least 20 p. c. in excess of the interest requirements. Trustees of bonds: A. J. Thomas and Charles
H. Russell, New York, N. Y.

Directors (elected June 1, 1897).— O. S. Lyford, W. fl. McDoel, E. P. Ripley, Chicago,
111.; Chas. M. Hays, Montreal, Can.; Jos. Ramsey, Jr., St. Louis, Mo.; W. F. Merrill, New
York, N. Y.

B. THOMAS, President and General Manager Chicago, 111.

E. A. Bancroft, Vice- President and General Solicitor " "

Treasurer — J. E. Murphy Chicago, 111. | Secretary and Auditor— JA.. J. Clark Chicago, III.

PKINCIPAL OFFICE AND ADDRESS Dearborn Station, Chicago, 111.

CHICAGO, INDIANAPOLIS AND LOUISVILLE RAILWAY COMPANY.

nr • i • , r i> ™,i . i ^ew Albany to Michigan City, Ind ..... 288.86 m.

' j State Line to Mass. Ave., Indpls., Ind. .161.94 m.— 450.80 miles.
Bedford and Bloomfield Division : Bedford, Ind., to Switz City, Ind ............ 40.29 "

French Lick Springs Division : Orleans to French Lick Springs, Ind ........... 17.76 "

( Chicago & Western Ind. RR.: Ind. State Line to Chicago.19.86 m.
Trackage : <L. Erie&W. Ry.: Mass. Ave. to Union Depot in Indpls. . 1.76 m.

( P.,C.,C.,<SkSt.L.Ry.: New Albany, Ind., to Louisv'le, Ky. 4.99 m.— 26.61 "

Total length of lines operated, June 30, 1897 ......... . ................. 535.46 miles.

Sidings, etc., 149.77 miles. Gauge, 4 ft. 8£ in. Rail (steel, 508.85 m.), 52 to 75 Ibs.

History. — Organized March 31, 1897, to take over and operate the Louisville, New
Albany and Chicago Ry., which was sold under foreclosure March 10, 1897, in pursuance of
the plan of reorganization outlined in the MANUAL for 1897, p. 106. The company took pos-
session of the property on July 1, 1897. The Bedford and Bloomfield RR. and the Orleans,
West Baden and French Lick Springs Ry., were merged into the Chicago, Indianapolis and
Louisville Ry., in the reorganization. (See MANUAL for 1897, p. 109.)

The operation of the C. & W. I. RR. and Belt Ry. of Chicago (in which the company is
one-fifth owner), yielded during the past year a profit which enabled the payment of 6 p. c.
dividends to the stockholders.

Rolling Stock, June 30, 1897. — Locomotives, 95. Cars — passenger, 40 ; parlor and din-
ing, 4 ; combination, 14 ; officers, 3 ; baggage, etc., 18 ; freight (coal, 1,052 ; box, 2,647; stock,
117; flat, 1,818; furniture, 125; refrigerator, 42), 5,801; caboose, 44; other, 26— total,
5,950. Included in this total are 544 box "Line " cars, not owned, but bearing the initials
of the company.

Operations, year ending June 30, 1897. — See tabulated statement on page 92.

Earnings— Passenger $697,428 44

Freight 1,944,488 89

Mail 107,308 81

Express 114,18857

Miscellaneous 39,345 56

Expenses — Conducting Transportation. . . . $960,539 11

Maintenance of Equipment 307,623 14

Maintenance Way & Struct 375,625 95

General 231,11695

Taxes t 167,533 03

Total ($5,421 .06 per mile) $2,902,760 27 Total ($3,814.36 per mile) $2,042,438 18

92

POORS MANUAL — CENTEAL NORTHERN GROUP.

Net earnings (29.64 p. c.), $860,322.09 ; add C. & W. I. RR., and Belt Ry. dividends,
$74,400— total, $934,722.09. Payments : Interest on bonds (1st mtge., $180,000 ; C. & I.
Div. lets., $138,000; consols, $282,000; gen. mtge., $140,000; equip, mtge., $35,450), $775,450;
interest and discounts, $9,929.19; lease rentals (C. & W. I., $190,324.78 ; Ind. Union Ry.,
$13,775.40; L. E. & W., $2,733.33 ; C., C. C. & St. L., $2,733.36 ; P., C. C. & St. L., $4,-
737.48; L. & N., $3,443.40 ; Chicago & Ind. Term. Co., $12,000-total, $229,747.75, less E. J.
& E. RR., $5,343.24), $224,404.51— total, $1,009,783.70. Deficit, $75,061.61.

Statement of operations, property, and capital accounts for eight fiscal periods :

1890

Dec. 31.

1891

(Six mos.)
Dec. 31.

1892

June 30.

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles of KR. Owned.. . .
Miles of Track Owned..
Miles of Steel Rail

511.96
613.74

511.%
616.52
419.70
538.57
95
45
12
3,777

Not
Reported. '

1 » l

384,248
1,068,380
116,041

510.50
619.80
426.00
537.11
94
47
16
4,739

1,027,136
1,404,561
3,153,039
905,335
34,411,958
1,594,801
246-429,798
$
704,530
2,139,357
223,221

510.50
630.81
475.60
537.11
99
61
18
5,821

1,067,376
1,471,747
3,349,515
981,028
45,736,508
1,739,324
262.591,485

$
866,754
2,321,094
228,640

510.50
632.25
475.60
537.11
97
61
17
5,571

1,089,671
1,216,197
2,930,545
930,216
72,226,361
1,439,673
219.388,636

$

1,092,397
1,822,365
221,121

510.50
642.06
510.50
537.11
96
61
17
5,402

917,978
1,276,976
2,846,663
789,073
32,713,522
1,774.982
255,527,990
S
703,748
2,109,526
253,741

510.50
661.53
510.50
537.11
91
61
18
5,532

987,558
1,282,752
2,991,190
913,475
37,754,867
1,843,307
265,717,820
8
777,994
2,258,834
255,145

508.85
658.62
508.85
535.46
95
61
18
5,327

1,100,304
1,104,549
2,943,699
850,248
34,281,876
1,694,468
231,858,540
$
697,428
1,944,489
260,843

Miles of RR. Operated-
Locomotives

539.57
95
45

12
3,777

1,041,333
1,163,554
2,304,888
657,444
27,159,024
1,323,422
204362.481

600,909
1.802,315
226,908

Passenger Cars

Bajrgage, etc.. Cars ....
Freight and Other Cars.

Passenger Train Miles.
Freight Train Miles. . . .
Total Engine Miles —
Passengers Carried
Passenger Mileage
Freight (tons) Moved. . .
Freight (ton) Miles

Passenger Earnings
Freight Earnings
Other Earnings

Total Earnings... .
Expenses and Taxes. . .

Net Earnings

2,630,132
1,712,956

1,568,669
1,095,570

3,067,108
2,114,948

3,416,488
2,355,865

3,135,883
2,118,611

3,067,015
2,070,911

3,291,973
2,180,388

2,902,760
2,04JJ,438

917,176

473,099

952,160
45,000

1,060,623
74,400

1,017,272
60,000

996,104
78,600

1,111,584
70,800

860,322
74,400

Other Receipts

Available Revenue
Interest on Bonds

917,116

592,675
59,106
130,297
135,099

5,137.35
3,174.67
1,962.68
65. 13 p. c.
2.213 c.
0.882 c.

473,099

370,000
14,404
64,206
24,489

2,912.65
2,034.22
878.43
69.84 p. c.

997,160

740,000
28,244
163,001
65,915

5,794.17
3,937.64
1,856.53
68.96 p. c.
2.047 c.
0.868 c.

1,135,023

740,000
23,810
191,031
180,182

6,360.87
4,386.19
1,974'.68
68.96 p. c.
1.895c.
0.883 c.

1,077,272

740,000
32,599
226,688
20,733

5,838.44
3,944.46
1,893.98
67.56 p. c.
1.512 c.
0.831 c.

1,074,704

740,000
43,063
221,823
69,818

5,710.22
3,855.65
1,854.57
67.52 p. c.
2.151 c.
0.826 c.

1,182,384

773,496
25,888
220,103
162,897

6,129.04
4,059.48
2,069.56
66.24 p. c.
2.061C.
0.850C.

934,722

775,450
9,929
224,405
def. 75,062

5,421.06
3,814.36
1,606.70
70.36 p. c.
2.034 c.
0.839C.

Other Interest, etc
Rentals

Balance, Surplus

Gross Earnings per Mile
Gross Exp.&Taxesp.M.
Net Earnings per Mile.
Expenses to Earnings . .
Aver. Rate p. Pass. p.M.
Aver. Rate p. Ton p. M.

Financial Statement, July 1, 1897.— Capital stock (common, $10,500,000 ; preferred,
$3,883,750), $14,383,750 ; funded debt, $12,909,000— total, $27,292,750. Capital stock author-
ized consists of $10,500,000 common stock and $5,000,000 non-cumulative 4 p. c. preferred
ptock ; shares, $100 each.

General Balance Sheet, Dec. 31, 1897.

Cost of Road and Equipment $26,586,553 07

Stock, O. & W. I. RR. Co 127,500 00

Stock, Belt Ry. Co 240,000 00

Stock, Ky. Public Elevator Co 1,000 00

Stock, Auditorium Association 2,00000

Bonds, Ky. & Ind. Bridge Co 100,000 00

C. & W. L RR. Sinking Fund 262,438 02

Materials and Fuel 73,899 82

Preferred Stock on Hand 1,116,250 00

Receiver's Assets Outstanding 20,46527

Chase Nat. Bank, Coupon Acct 304,475 00

Cash on Hand 300,739 85

Agents and Conductors 126,082 92

Individuals and Companies 151,36896

Improvement Account 586,332 76

Capital Stock— Common .,,,,,,,,..1,11,. $10,500,000 00

Capital Stock— Preferred 5,000,000 00

L., N. A. & C. Main Line Bonds 3,000,000 00

L., N. A'. & C., C. & I. Div., Bonds 2,300,000 00

Refunding Mtge. 6 p. c. Bonds 4,700,000 00

Refunding Mtge. 5 p. c. Bonds 2,909,000 00

Interest Due and Accrued 361,975 00

Current Liabilities 390,747 28

Receiver's Liabilities Outstanding 14,317 13

Other Prior Liabilities (estimated) 45,088 89

Car Trust Notes of 1896 102,944 00

Rolling Stock Replacement Fund 48,000 00

RR. and Bridge Replacement Fund 21,819 01

Reorg. Committee Special Fund 489,000 00

Income Account 116,214 36

Total Assets $29,999,105 67 Total Liabilities. $29,999,105 67

POOR'S MANUAL OF RAILROADS. 93

Income Account, 6 months ending Dec. 31 , 1897.

Gross Earnings $1,783,361 f>2

Dividends, C. & W. I. RR., Nos. 35 and 36 .30,000 00
Dividends, Belt Ry., Nos. 13 and 14 7,200 00

Operating Expenses , , , . , .$1,083,569 70

Taxes 78,000 00

Rentals 104,910 22

Interest on Funded Debt. 372,725 00

Interest and Discount 12434

Five Months' Charge to Operating Ex-
penses, Acct. of Replacement Funds 65,000 00

Balance 116,214 36

Total Credits $1,820,561 62

Funded debt consisted, Dec. 31, 1897, of —

Total Debits $1,820,561

L., N. A. & C. Ry. 1st mtge. (main line) 6 p. c. 30-yr. bonds, due July 1, 1910, int. Jan. and July.. $3,000,000
L., N. A. & C. Ry. 1st mtge. (C. & I. Div.) 6 p. c. 30-yr. gold bonds, due Aug. 1, 1911, int. F. & A. 2,300,000

Refunding mtge. 6 p. c. 50-yr. $1,000 gold bonds, due July 1, 1947, interest Jan. and July 4,700,000

Refunding mtge. 5 p. c. 50-yr. $1,000 gold bonds, due July 1, 1947, int. J. & J. (auth., $10,300,000).. 2,909,000

The refunding mtge. l)Onds, both the sixes and the fives, are issued under a common mortgage dated
July 1, 1897, conveying to the Central Trust Co. of New York and James Murdock of Lafayette, Ind., in
trust, the entire property and assets of the company, including its ownership in the Chicago and Western
Indiana RR. and Belt Ry. of Chicago, and the terminals in Lafayette and Indianapolis, but subject to the
prior liens of the L., N. A. & C. Ry. Co. divisional mortgages for a total of $5,300,000, described before.
The authorized amount of the bonds to be issued under this mortgage is $15,000,000, of which $4,700,000 to
bear interest at 6 p. c. and $10,300,000 at 5 p. c. per annum. The sixes were issued to holders of consol.
mtge. bonds of the L., N. A. & C. Ry. Co.; the fives to holders of gen. mtge. bonds and equipment bonds
of the same company, and to provide working capital. (See MANUAL for 1897, p. 106.) A sufficient amount of
the refunding fives is reserved for the retirement of prior lien bonds referred to before; and the remainder of
them ($2,091,000) can be issued only for future acquisitions to be placed under the mortgage, not more than
$300,000 of these bonds to be issued in any one year.

Bonds of all classes are for $1,000 each, in coupon form, with provision for registration of principal.
Interest payable at Chase National Bank, New York, N. Y.

Directors (elected Sept. 15, 1897).— Samuel Thomas, New York, N. Y.; Calvin S. Brice,
Lima, O. ; John Greenough, John Q. Moore, Edward R. Thomas, John A. Hilton, New York,
N. Y. ; William H. McDoel, Gilbert B. Shaw, Chicago, III.; James Murdock, Lafayette, Ind.;
Volney T. Malott, Indianapolis, Ind. ; Crawford Fairbanks, T.erre Haute, Ind.

SAMUEL THOMAS, President New York, N. Y.

W. H. McDoel, Vice-President and General Manager Chicago, III.

Edward R. Thomas, Vice- President New York, N. Y. "

Sec. <t Asst. Treas.—John A. Hilton. .New York, N. Y. | Treat. & Asst. Sec.—W. H. Lewis Chicago, 111.

PRINCIPAL OFFICB AND ADDRESS 198 Custom House Place, Chicago, 111.

New York Office , s. 80 Broadway.

CHICAGO, LAKE SHORE AND EASTERN RAILWAY COMPANY.

T. PU j j South Chicago, 111., to Clark Junction, Ind. . . .21.20 m.

Koau. -j At gouth Cnicag0) ni 64.33 m.— 85.53 miles.

n A { Chicago and Southeastern Ry. : At Chicago, 111 14.84 m.

J Chicago and Kenosha Ry. : At Chicago, 111 3.63 m.

p 1 Joliet and Blue Island Ry. : At Joliet, 111 32.62 m.

[ Mil,, Bay View and Chicago RR.: At Milwaukee, Wis.11.96 m.— 63.05 "
q, , j Chic., Rock Island and Pac. Ry.: So. Chic, to Joliet, 111.40.00 m.

' : \ Chic. & East 111. RR.: Chic., 111., to Terre Haute, Ind. 177.59 m.— 217.59 "

Total length of lines operated, June 30, 1897 366.17 miles.

Sidings, etc. , — miles. Gauge, 4 ft. 8£ in. Rail (steel), 75 Ibs. -

History. — Chartered April 4, 1895; road opened from South Chicago, 111., to Clark June.,
Ind., on April 1, 1896. On Feb. 17, 1897, the Calumet and Blue Island Ry. Co., owning 64.33
miles of road at South Chicago, 111., was merged into this company (see MANUAL for 1897,
p. 85). Freight trains are run between South Chicago and Joliet, 111., and between South
Chicago and Terre Haute, Ind. Concerning the subsidiary lines, see appended statements.

Boiling Stock, June 30, 1897.— Locomotives, 57. Cars— freight (box, 2,117 ; stock, 30 ;
flat, 547; coal, 328), 3,022 ; caboose, 8 ; other, 215— total, 3,245.

Operations, year ending June 30, 1897. — Train mileage — freight, 180,773 ; other, 1,049,-
729—^81,1,230,502101168. Tons freight moved, 2,535,093; moved one mile, 165,433,950;
average ton-mile rate, 0.54 cent. Earnings — freight, $891,579.37; other, $624,044.33— total
$1,515,623.70. Operating expenses— transportation, $464,348.75; motive power, $42,430;

POOB'S MANUAL — CENTRAL NORTHERN GROUP.

maintenance of cars, $81,517.08; of way, etc., $76,295.64; general, $38,000.68— total, $702,-
592.15. Payments: Interest on bonds, $121,800; other interest, $13,213.34 ; contingent fund,
$20,000 ; other payments, $511,766.80— total, $666,780.14. Surplus, $146,251.41 ; deficit
forward, $1,063,693.78; net deficit, $918,274.88.

Consolidated General Balance Sheet, June 30, 1897.

Cost of Road $2,254,842 70 Capital Stock Paid in $650,000 00

Cost of Boiling Stock... 1,663,887 56 Funded Debt Outstanding (see below) 3,230,000 00

Materials and Fuel on Hand 54,938 88 Bills Payable 184,767 58

Current Accounts 464,640 09 Current Accounts 38,731 75

Cash on Hand 41,616 71 Other Liabilities 1,294,701 49

Profit and Loss 918,274

Total Assets $5,398,200 82

Total Liabilities $5,398,200 82

Funded debt outstanding (total, $3,230,000) consisted, June 30, 1897, of the following—

C., L. S. & E. Ry. 5 p. c. 20-yr. $1,000 gold coup, bonds, due March 1, 1917, int. M. 1 and S. 1 $1,200,000

C., L. S. & E. Ry. 5 p. c. 20-yr. equip, gold s. f. $1,000 coup, bds., due July 1, 1917, int. J. 1 & J. 1 1,310,000

Chicago & South. Ry. 6 p. c. 20-yr. $10,000 coup, bonds, due July 1, 1914, int. Jan. 1 and July 1 270,000

Joliet & Blue Isl. Ry. 6 p. c. 20-yr. $10,000 coup, bonds, due July 1, 1914, int. Jan. 1 and July 1 200,000

Mil., Bay View & Ch. RR. 6 p. c. 20-yr. $10,000 coup, bonds, due July 1, 1914, int. Jan. 1 and July 1 130,000
Chicago & Kenosha Ry. 6 p. c. 20-yr. $10,000 coup, bonds, due July 1, 1914, int. Jan. 1 and July 1.. 120,000

The C., L. S. & E. Ry. 5s of March 1, 1917, are secured on the company's line, buildings, etc.; the equip-
ment bonds are a 1st lien on the equipment, and 2d lien on railway, buildings, etc.

Interest on the above described several issues of bonds is payable at Chicago. Trustee: The Merchants'
Loan and Trust Co., Chicago, 111.

RAILROADS OPERATED BY THE CHICAGO, LAKE SHORE AND EASTERN RY. Co.

Chicago and Kenosha Ry.— At Chicago, 111.,
3.63 miles. Gauge, 4 ft. 8i in. Rail (steel), 68 Ibs.
Projected from Chicago, 111., to Kenosha, Wls., 51
miles. Completed as above In 1896. Operated under
contract by the C., L. S. & E. Ry. Co., in whose
general account capital stock ($100,000) and funded
debt ($120,000) are included. Directors and officers-
same as for C., L. S. & E. Ry. Co.

Chicago and Southeastern Ry.— At Chi-
cago, 111., 14.84 miles. Rail (steel). 65 Ibs. Gauge,
4 ft. 8J in. Chartered to run from Chicago to Thorn-
ton, 111., about 30 miles. Operated under contract by
the Chicago, Lake Shore and Eastern Ry. Co., in
whose general account capital stock ($100.000) and
funded debt ($270,000), are included. Directors and
officers— same as those of the C.. L. S. & E. Ry. Co.

Joliet and Bine Island Ry.— At Joliet. 111.,
32.62 miles. Gauge, 4 ft. 8} in. Rail (steel), 60 Ibs.

Projected to run from Joliet to a connection with the
Calumet and Blue Island Ry. The road is operated
as a belt line, the company also providing terminal
facilities for the C., L. S. & E. Ry., and other roads
at Joliet. Capital stock ($100,000) and funded debt
($200,000), are included in the balance sheet of the
C., L. S. & E. Ry. Co., which operates the road under
contract. Directors and officers— same as for C., L.
S. & E. Ry. Co.

Milwaukee, Bay View and Chicago RR.

—At Milwaukee, Wis.. 11. 96 miles. Rail (steel), 65 Ibs.
Gauge, 4 ft. 8i in. Road completed as above in 1890.
Operated under contract by the C., L. S. & E. Ry.
Co., in whose general balance sheet its capital stock
($100,000) and funded debt ($130,000), are included.
Directors and officers— same as for the C., L. S. & E.
Ry. Co.

Board of Directors, C., L. S. & E. Ry. Co., elected April 9, 1897.

W. G. Brimson Chicago, 111.

C. P. Coffin "

W. Lorimer

R. W. Hunt Chicago, 111.

J. S. Keefe... " "

J. Lambert Chicago, 111.

E. H. Gary

Chicago, 111.

W. G. BRIMSON, Pres., Treas. & Gen. Man ' Chicago, 111.

Secretary— J. S. Keefe Chicago, 111. | Auditor— H. H. Kendrick. Chicago, 111.

PRINCIPAL OFFICE AND ADDRESS Chicago, 111.

CHICAGO, PEORIA AND ST. LOUIS RR. CO. OF ILLINOIS (THE).

TWo«« i i«A , nf P«O^ . J Litchtield, 111. , to East St. Louis, 111 47 . 04 miles.

Main Lines of Road : j pekin> m; to Springfield, 111. 77.76 "

Jacksonville Branch : Havana, 111., to Jacksonville, 111 41 . 88 "

Trackage : Peoria and Pekin Union Ry. : Peoria, 111., to Pekin, 111 10.08 "

Oper. Under Contract : Jack. & St. Louis RR.: Jacksonville to Litchfield, 111. . . 54.90 "

Total length of all lines operated, June 30, 1897 .231.66 miles.

Sidings, etc., 37.41 miles. Gauge, 4 ft. 8£ in. Rail— iron, 56 ; steel (192.09 m.), 60 Ibs.

History. — Reorganization, Jan. 30, 1896, of the Chicago, Peoria and St. Louis Ry. Co..
whose property was sold under foreclosure on Sept. 21, 1895. For plan of reorganization,
etc., see MANUAL for 1896, page 111. This company owns one-quarter (2,500 shares) of thtt
capital stock of the Peoria and Pekin Union Ry. Co.

Rolling Stock, June 30, 1897. — Locomotives, 33. Cars — passenger, 17 ; baggage, etc..
5; freight (box, 640 ; flat, 3 ; coal, 896 ; caboose, 14), 1,553; other, 12— total cars, 1,587. Of
this equipment, 8 passenger, 4 baggage, etc., 550 box, and 650 coal cars are held under car
trust.

MAP OF THE

CHICAGO TERMINAL

TRANSFER
RAILROAD COMPANY

AND CONNECTING LINES
1898.

ELGIN | JULIET

I

POOR'S MANUAL OF RAILROADS.

95

Operations, year ending June 30, 1897. — Train mileage — passenger, 259,319 ; freight,
288,720 ; mixed, 161,605 ; other, 132,017— total, 841,661 miles. Passengers carried, 261,268;
carried one mile, 8,047,705 ; average mile rate, 1.967 cents. Tons freight moved, 1,024,871 ;
moved one mile, 100,141,511 ; average ton-mile rate, 0.633 cent.

Expenses — Conducting Transportation $396,171 60

Maintenance of Equipment 78,231 37

Maintenance Way & Buildings.. 82,813 28
General 47,339 80

Total ($3,600.83 per mile) $834,170 12 Total ($2,609.67 per mile) J604.556 05

Net earnings (27.25 p. c.), $229,614.07 ; add interest and dividends, $15,032.53— total,
$244,646.60. Payments : Interest on 1st mtge. bonds, $97,740 ; on debt, $50,654.65; rentals,
$40,028.05; taxes, $27,445.63; betterments, $9,262.35— total, $225,130.68. Surplus, $19,-
515.92; surplus forward, $12,793.49— total, $32,309.41.

General Balance Sheet, June 30, 1897.

Earnings— Passenger $158.286 00

Freight 639.163 21

Mail and Express 24,155 47

Miscellaneous 12,565 44

Cost of Rolling Stock

838,248 39

Preferred Stock Non-Cum. (shares $100) 2 500 000 00

594,750 00

Funded Debt: Bonds Issued.. $6, 849, 000

31,149 31

Less Bonds in Treasury. .. . 2,287000 — 4562000 00

21,392 52

Bills Payable 837,187 50

31,001 48

Current Accounts , 95,732 38

Cash on Hand and in Transit

11,360 06

Equipment Notes 37502932

Reorganization Committee

36,721 29

Taxes and Interest Accrued 85,680 00

Other Liabilities 1977676

Profit and Loss 32 309 41

Total Assets...

...$11.007.715 37

Total Liabilities... ...$11.007.71537

Preferred stock is entitled to 5 p. c. non-cumulative dividends, before any dividends can
be paid on common stock. Preferred stock also has preference over common in case of a dis-
solution of the company.

Funded debt, June 30, 1897, consisted of 1st mtge. 4 p. c. $1,000 gold coupon bonds, dated Feb. 1, 1896,
due July 1, 1925, authorized, $5,275,000; outstanding, $2,444,000; in company's treasury, $2,155,000; and 2d
mtge. income $1,000 coupon bonds, dated Feb. 3, 1896, due July 1, 1945; auth., $2,500,000; outstanding, $2,-
368,000; in company's treasury, $132,000. Interest on both issues payable Jan. and July, at the office of the
Mercantile Trust Co., New York, N. Y. Interest on 2d mtge. bonds is at such rate, not exceeding 4 p. c.
in each year, as the net earnings of that year shall suffice to pay, the right being reserved to the company,
at its option, to reduce interest to a 3 p. c. absolute fixed charge. Trustees of bonds: 1st mtge., Mercantile
Trust Co., New York, N. Y. ; 2d mtge., Cent-al Trust Co., New York, N. Y.

Directors.— Chas. E. Kimball, Chas. P. Dean, Wm. J. Curtis, John Scott, New York,
N. Y.; John A. Spoor, F. A. Whitrnore, Chicago, 111.; Henry W. Gays, Ralph Blaisdell,
Chas. D. Moyer, Springfield, 111.; James Duncan, Alton, 111.; Eleneious Smith, St. Louis, Mo.
CHAS. E. KIMBALL, Vice-President (Presidency vacant) New York, N. Y.

Sec. & Treas.— Chas. T>. Moyer Springfield, El. I Gen. Man.— Henry W. Gays St. Louis, Mo.

Asst. Sec. <k Trem.— Thos. C. Wellman.New York,N. Y. | Auditor,— Ralph Blaisdell Springfield, 111.

PRINCIPAL OFFICE AND ADDRESS Springfield, 111.

CHICAGO TERMINAL TRANSFER RAILROAD COMPANY.

Main Lines : f Harrison St. to Madison St., Chicago, 111 10.86 m.

45th St. to South Oak Park (C. & S. W.) 5.29 m.

40th St. Jet. to Cem. and Viaduct Jet. (C. H. & B.). 7.11m.
Western Ave. to Blue Island (Chicago Cent.; 15.37 m.

LINES OF ROAD
OWNED :

LINES OF ROAD
LEASED :

TRACKAGE :

- Harvey June, lo Harvey (Chicago Cent.) 3.87m.

Calumet Belt Line :

Clurke June., Ind., to McCook, 111 28.36 m.

East Chicago, Ind., to Whiting, Ind ij.87 m.

Franklin Park, 111., to Mayfair, 111 6.75 m.— 81.48 miles.

Calumet Belt Line :

C.,H. &W. Ry.: McCook to Franklin Park, 111.10.52 m.
Calumet and Chicago Canal and Dock Co. :

Tracks at South Chicago, 111 1.23m.— 11.75 "

Calum»t Belt Line :

B &O HR.: Whiiing, Ind., to So. Chicago, Til. 3.85m.
( C., R. I. & P. Ry.: Tracks at So. Chicago, 111.. 3.61 m.— 7.46 "
Total length of lines owned and leased, June 15, 1898 100.69 miles.

96 POOR'S MANUAL — CENTRAL NORTHERN GROUP.

2d track (owned, 39.47 m.; leased, 4.28 m.), 43.75 miles. Sidings and spurs (owned, 79.27
m.; leased, 4.85 m.), 84.12 miles. Gauge, 4 ft. 8i in. Rail (steel), 80 Ibs.

Of the total length of lines owned and leased, 100.69 m. as above, only 93.58 m. are
operated, the old C. H. & B. line, 7.11 m., being leased to the Suburban RR. Co. of Chicago.
(See GENERAL INDEX.) The line from Franklin Park to Mayfair (6.75 m.) is under construc-
tion.

History. — Chartered Jane 4, 1897, and acquired through sale under foreclosure all the
property formerly owned by the Chicago and Northern Pacific RR. Co., and subsequently
acquired, with the securities provided for that purpose in the plan of reorganization, the
Chicago and Calumet Terminal Ry. Co.'s property. (For outline plan of reorganization see
MANUAL for 1897, p. 1288.) The company took possession of the property on July 1, 1897.

The property of the company consists of passenger and freight terminals in the business
centre of the city of Chicago, lines of railway leading thereto, and a belt line about the city
of Chicago just outside of the city limits. Its principal tenants at present are, the Chicago
Great Western Ry. Co., the receivers of the Baltimore and Ohio RR., the receivers of the:
Wisconsin Central Lines, the Chicago, Hammond and Western RR. Co., and the Suburban
RR. Co. Each tenant pays a fixed annual sum and in addition thereto its wheelage propor-
tion of all expenses of maintenance, and also all taxes on the property used exclusively by
it, and its wheelage proportion of taxes on all property used by it jointly with other tenants.
In addition to leasing its terminal facilities to other companies, this company also does a
local suburban and switching business.

The tracks of the B. & 0. RR. and of the C., R. I. & P. Ry. as above, are used by this
company at a fixed rate per loaded car.

Rollins? Stock, March 31, 1898. — Locomotives, 44. Cars — passenger, 113 ; freight (box,
1 ; flat, 2 ; gondola, 221), 224 ; caboose, 7 ; other, 2— total, 346.

Operations, ten months ending April 30, 1898. — Earnings (passenger, $28,722.05 ;
freight, $369,130.82; miscellaneous, $6,526.59; rentals, $520,028.30), $924,407.76. Operat-
ing expenses — transportation, $18?,885.55 ; maintenance of equipment, $28,616.33 ; of way,
etc., $47,756.97; general, $42,427.70— total, $301,686.55. Net earnings, $622,721.21. Pay-
ments : Interest, $468,200.01 ; taxes, $64,761.14— total, $532,961.15. Surplus, $89,760.06'.
For year ending June 30, 1898, surplus (estimated), $109,000.

General Balance Sheet, April 30, 1898.

Property and Franchises $43,879,961 31

Cash in Banks 158,423 89

Accounts Receivable 213,048 65

Agents and Conductors 28,313 67

Stocks and Bonds Owned (see below) 261,576 00

Materials oa Hand 73,983 20

Total Assets $44,615,306 72

Common Stock (shares, $100) ,.,,..,..... $15i.OW,000) 00

Preferred Stock (shares, $100) 11,000,.090i 00

Funded Debt Outstanding (see below)... M,944,800 00

Accrued Interest on Funded Debt 184,238 33

Vouchers and Pay-Rolls 15^,206 48

Taxes Accrued 51,979 78

* Liquidation Account 86,107 07

Profit and Loss 89,760 06

Total Liabilities $44,615,306 72

* Reserve for indemnification against possible liabilities, subject to which the estate was purchased.

" Stocks and Bonds Owned " in above balance sheet consists of the company's 1st mtge. bonds, $259,-
000; preferred stock, $351,000, and common stock, $10,800— a total, par value, of $620,800; market value (May
25, 1898), $326,530; ledger valuation, $261,576.

Funded debt outstanding (total, $14,044,000), consisted April 30, 1898, of the following :

1st mtge. 4 p. c. 50-yr. $1,000 coupon and registered gold bonds, due July 1, 1947, int. Jan. & July. $13,000,000
1st mtge. C. & G. W. RR. 5 p. c. 50-yr. $1,000 coupon bonds, due May 1, 1936, int. June and Dec... 394,000
Chicago School Board purchase money 5 p. c. 50-yr. mtge., due May 1, 1938, int. May and Nov 650,000

The 1st 4s of 1947 are secured by a first lien on the property formerly owned by the Chicago and Northern
Pacific RR. Co. and the Chicago and Calumet Terminal Ry. Co., including the Grand Central Passenger
Station in Chicago, subject only to the C. & G. W. RR. Ists, and the Chicago School Board purchase money
mtge. Authorized amount, $16,500,000, of which $13,000,000 were issued in part payment for the property
acquired; $1,305,000 are reserved by the trustee for the retirement of the $1,044,000 above described underlying
bonds, and the remaining $2,195,000 are reserved for future requirements of the company. Provision is made
that no additional mtge. shall be put upon the property, except with the consent of the holders of two-thirds •
of the whole amount of preferred stock, given in writing or at a meeting of the stockholders called for that
purpose, and with the consent, given in writing, of two-thirds of the common stock or given at a meeting by
two-thirds of such part of the common stock as shall be represented at such meeting. Interest on bonds;

POOR'S MANUAL OF RAILROADS. 97

payable at the office of the Mercantile Trust Co., New York, N. Y. Trustees: United States Trust Co. of New
York and Jno. A. Stewart, New York, N. Y.

Preferred stock is entitled to preference to the common stock in liquidation and to non-
cumulative dividends at the rate of 4 p. c. per annum, before any dividends are paid on the
common stock, and further, after 4 p. c. per annum lias been paid on the common stock in
any one year, to share pro rata with the common stock in any additional distribution of
earnings for tl-at year.

Directors (elected June 8, 1898).— Edward D. Adams, Fred. T. Gates, Henry Budge,
Colgate Hoyt, John D. Rockefeller, Jr., Henry R. Ickelheimor, William A. Read, New York,
N. Y. ; Samuel R. Ainslie, Henry S. Hawley, Keinper K. Knapp, Jame^ H. Eckels, Edward
R. Knowlton, Mark Breeden, Jr., Charles L. Hutchinson, Henry R. Rust, Chicago, 111.

EDWARD D. ADAMS, President 35 Wall St., New York, N. Y.

S. R. Ainslie, Vice- President and General Manager ._. Chicago, 111.

F. T. Gates, Vice-President New York, N. Y.

Henry Budge, Vice-President "

Treasurer — Henry S. Hawley Chicago, 111. | Sec. & Asst. Treats. — Geo. P. Butler. .New York, N. Y.

Comptroller— J . H. McCK-meiit New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Chicago, 111.

CINCINNATI, PORTSMOUTH AND VIRGINIA RAILROAD COMPANY.

Main Line of Road. — Idlewild, O., to Sciotoville, O 107.7 in.

Trackage : C. L. & N. Ry. : Cincinnati, 0., to Idlewild, 0 3.8 in.— 111.5 miles.

Sidings, 13.66 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.

History. — Organized June 24, 1891, to take over the Ohio and Northwestern RR., which
was sold under foreclosure March 13, 1890. (See MANUAL for 1891, page 407.)

Rolling' Stock, June 30, 1897. — Locomotives, 12. Cars — passenger, 6 ; baggage, 2 ; com-
bination, 2 ; freight (box, 20 ; flat, 50 ; coal, 97 ; caboose, 4), 171 ; other, 2 — total cars, 183.
In addition the company leases 98 box and 100 coal cars.

Operations, year ending June 30, 1897. — Train mileage — passenger, 145,435 ; freight,
110,720 ; mixed, 30,175— total. 286,330 miles. Passengers carried, 119,600; carried one
mile, 3,504,340; average mile rate, 1.96 cents. Tons freight moved, 282,911 ; moved one
mile, 20,672,561; average ton-mile rate, 0.84 cent. Earnings — passenger, $69,228.30; freight,
$174,241.23 ; mail, $8,883 ; express, $6,000 ; other, $300— total ($2,319.75 per mile), $258,-
652.53. Expenses — transportation, $94,734.93 ; motive power and cars, $28,494.70 ; main-
tenance of way, etc., $56,072.39; general, $17,670.48; track rentals, $26,829.47— total ($2,-
007.19 per mile), $223,801.97. Net earning* (13.47 p. c.), $34,850.56. Payments : Interest on
bonds, $7,237.2-2 ; taxes, $6,900 ; dividends on preferred stock (2 p. c. each, July 1, 1896, and
Jan. 1,1897), $23,760— total, $37,897.22. Deficit, $3,046.66 ; surplus forward ($159,349.06
less betterment account deducted, $134,187.42), $25,161.64; net surplus, $22,114.98.

The betterment account, amounting to $134,187.42, which covers certain expenditures for construction
and improvement, equipment, etc., from March 26, 1890, to June 30, 1895, and paid out of the net earnings,
has heretofore been shown in the reports, and carried in the general balance sheet as cost of road and equip-
ment. It being thought best to charge off the above amount ($134,187.42), the cost of road and the income
account have been reduced accordingly.

Financial Statement, June 30, 1897. — Capital stock — common, $1,566,000; preferred,
$594,000; funded debt (see below), $300,000 ; current liabilities, $71,511.57; profit and loss,
$22,114.98— total, $2,553,626.55. Contra: Cost of road and equipment, $2,447,729.09 ; cash,
$90,147.59 ; fuel account, $291.20 ; current assets, $15,458.67— total, $2,553,626.55.

Funded debt consists of 1st mtge. 5 p. c. 30-yr. $1,000 gold coupon bonds, dated June 1, 1895, interest
payable June and Dec., at Philadelphia, Pa.; authorized issue, $500,000. Trustee: The Investment Trust Co.
of Philadelphia, Pa. These bonds have the privilege of registration and are redeemable at the option of the
company at 105, on ninety days' notice. The proceeds of the issue are to be expended in improvements to
the property, acquisition of new railroad and equipment, and other corporate purposes of the company.

The common stock was issued in exchange for old 1st mtge. bonds and interest; the preferred for prior
liens, receiver's certificates, etc. Preferred stock is entitled to preference up to 5 p. c. and to share equally
with common in any surplus over 5 p. c. on both classes.

98

POOR'S MANUAL — CENTEAL NORTHERN GROUP.

Directors (elected Oct. 17, 1897).— James G. Leiptr, W. D. Frismuth, Jr., Philadelphia,
Pa.; Thos. R. White, Jr., New York, N. Y. ; J. S. L'Amoreaux, Ballstou Spa, N. Y.; Samuel
Hunt, Qeo. W. Lewis, Howard C. Hollister, Perin Langdon, A. B. Voorheis, Cincin-
nati, O.

SAMUEL HUNT, President and General Manager Cincinnati, O.

James G. Leiper, Vice- President Philadelphia, Pa.

Stc. & Treat.— Thomas Hunt Cincinnati, O. | Auditor— W. D. Gray Cincinnati, O.

PKINCIPAL OFFICE AND ADDRESS Cincinnati, O.

CLEVELAND, AKRON AND COLUMBUS RAILWAY COMPANY (THE).

Main Line of Road. — Hudson, 0., to Columbus, 0 143.85 m.

Dresden Branch : Killbuck to Tiiuwav, 0 33.40 m.

Coal Spurs * 12.68 m.— 189.93 miles.

T m«b i Cleveland & Pittsburgh Ry.: Hudson to Cleveland, O. . . 25.53m.

: \ Gin. <fe Musk. Valley Ry. : Trinway to Zanesville, O. . . . 16.60 m.— 42.13 "

Total length of lines operated, June 30, 1897 232.06 miles.

Sidings, 40.84 mile?. Gauge, 4 ft. 9 in. Rail (steel, 198.31 m.), 56 and 67 Ibs.

History. — Organized Jan. 1, 1886, by the purchasers at foreloeure sale, June 9, 1882, of
the Cleveland, Mt. Vernon,.and Delaware RR. (See MANUAL for 1885, p. 538.)

Trackage, Contracts, f<r.— The Baltimore and Ohio RR. Co., as lessee of the A. & C. J. Ry., are joint
owners of the double track between Akron June, and Warwick, 16.05 m., and use it in common, this com-
pany maintaining the track, stations, etc., and charging proportionately to the B. & O. based on usage.
Through passenger trains from Columbus to Cleveland are delivered at Hudson to the Cleveland and Pitts-
burgh Division of the Pennsylvania Co. and hauled with their motive power and crew through to Cleveland,
25.53 m., in consideration of which service this company makes no charge for mileage of its passenger cars
between Hudson and Cleveland. This company -allows the Norfolk and Western RR. Co. the use of right of
way covering 2,500 feet in Columbus, O., for which it receives a rental of $250 per annum. On this right of
way the C. A. & C. Ry. Co. maintains a track of 1,800 feet, one-half the expense of which is paid by the
Norfolk and Western. For terminal facilities at the Norfolk and Western freight depot in Columbus, O., this
company pays a rental of $717.78 per month, paying on a basis of 3 p. c. per annum on valuation of property,
together with a proportion of expenses in accordance with usage. The C. A. & C. Ry. Co. participates in the
use of the Union Passenger Depot at Columbus, O., paying therefor a proportion of the expenses, based on
the number of passenger trains run in and out, and at Akron has the use of the Union Passenger Depot by
paying a proportion of the expenses of maintenance and operation, based on trains in and out. This company
gains an entrance to the Union Passenger Depot at Columbus, O., by using the tracks of the Baltimore and
Ohio and P. C. C. & St. L. (Newark Division) for a distance of 990 feet, paying therefor a fixed rental of $50
per month. It also runs its trains over the tracks of the Cincinnati and Muskingum Valley Ry. Co. between
Trinway and Zanesville, O., 16.6 m., and has the privilege of the use of depot and terminals at Zanesville,
paying therefor a rental of $992.03 per month, being 2J p. c. per annum on valuation of property, and a
proportion of expenses of maintenance of track and depot upon usual bases.

Rolling Stock, June 30, 1897. — Locomotives, 37. Cars — passenger, 30 ; chair, 3 ; officers',
1 ; baggage, etc., 10 ; freight (box, 1,499 ; flat, 118 ; stock, 66; coal, 1,054 ; caboose, 13),
2,750 ; gravel, 47 ; derrick, 1 ; tool, 2 ; steamshovel, 1 ; pile driver,! — total, 2,846. Of which
1,000 box cars are held under car trusts.

Operations, year ending June 30, 1897. — See tabulated statement on page 99.

Earnings— Passenger $203,189 63

Freight 379,620 18

Mail and Express 41,665 19

Miscellaneous 93,575 61

Expenses— Conducting Transportation $302,802 46

Maintenance of Equipment 80,053 97

Maintenance Way and Bldgs 87,943 61

General 74,241 47

Total ($3,704.16 per mile) $718,050 61 Total ($2,811.67 per mile) $545,041 51

Net earnings ('24.09 p. c.), $173,009.10. Payments : Interest on bonds, $133,800 ; on
debt, $13,471.63; rentals, $31,924.83; taxes, $32.872.64— total, $212,069.10. Deficit, $39,060.00;
surplus forward, $214,965.16 ; net surplus ($175,905.16 ; less deduction of $12,777.95, being
$3,564.41 for mileage book adjustment, and $9.213.54 for betterments), $163,127.21.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $7,024,978 97

Akron Union Depot Capital Stock 50,000 00

Materials and Fuel on Hand 33.380 07

Current Accounts and Assets 79,60810

Cash on Hand 79,117 12

Total Assets $7,267,084 26

Capital Stock (shares, $100) $4,000,00000

Funded Debt (see below) 2,530,000 00

Accrued Interest 50,85250

Bills Payable 333,900 00

Accounts Payable 189,204 55-

Profit and Loss, Surplus 163,127 21

Total Liabilities $7,267,084 26

POOR'S MANUAL — CLEVELAND, AKRON AND COLUMBUS RY. CO. (THE). 99

Statement of mileage, operations, and capital account for eight fi. cal years :

1890

June 30.

1891
June 30.

1892

June 30.

1893

June 30.

1894

June 30.

1895

Jane 30.

1896
June 30.

1897

June 30.

Miles Railroad Operated . . .
Passenger Train Miles
Freight Truin Miles

194.40
399,423
363,901
946,383
482,307
10,856,411
881,936
59,914,183

235,717
477,985
39,906
24,282

194.40
371,401
333,864
969,184
573,512
11,951,850
980,813
67,822,236

273.913
555,717
41,661
31,244

194.40
406,912
426,228
833,140
593,563
13,421,164
1,125,774
77,082,095

298,184
612,189
43.912
13,658

194.40
478,042
467,819
945,861
615,943
14,338,384
1,238,086
88,203,888

318,497
643,965
48,709
19,069

206.10
490,516
340,516
831,032
545,368
15,272,457
977,505
63,625,704

301,594
479,443
43,748
71,304

206.10
480,502
314,453
794,955
443,495
12,896,544
882,107
61,007,166

$

287,7-15
451,448
42,151
112,526

233.35.
423,216
343,584
766,800
364,827
13,274,119
891,616
71,367,611
J
244,511
490,228
41,275
98,906

232.06
365,467
285,382
650,849
305,586
12,642,861
658.325
52,991,274
$
203,190
379,620
41,665
93,576

Total RCY. Train Miles
Passengers Carried

Passenger Miles

Tons Freight Moved

Tons Freight Moved 1 Mile.

Earnings— Passenger
Freight

Mail and Express
Miscellaneous ..

Total Earnings

797,890
584,546

902,536
663,155

967,943
705,151

1,030,240
755,830

896,090
647,596

893,870
582,214

874,920
602,358

718,051
515,042

Operating Expenses

Net Earnings, ....

213,344

87,564
53,551
(1) 40,000
17,547

239,381

110,635
50,852
(1) 40,000
35,616

262,792

123,711
39,583
(U) 50,000
25,852

274,411

129,539
38,655

248,494

132,980
35,071

311,656

142,409
27,194

272,562

153,133
28,257

173,009

147,271
31,925

Payments : Interest

Rentals
Dividends

Miscellaneous. .
Total Payments

32,540

28,587

28,355

28,605

32,873

198,662
14,682

4,10487
3,00692
1,09745
73. 26 p. c.
2.36 c.
0.798 c.

177.80
218.13
177.80
84

42

738
I
4,000,000
1,730,000
188,973
46,194
65,619

237,103
2,277

4,642 67
3,411 29
1,23138
73.48 p. c.
2.29 c.
0.819 c.

177.80
221.50
183.94
87
41
1,808

4,000,000
2,330,000
219,4^)
45,534
67,897

239,146
23,646

4,979 13
3,627 32
1,351 81
72. 85 p. c.
2.22 C.
0.794 C.

177.80

223.76
186.44
40
40
1,777

4,000,000
2,355,000
176,814
150,431
73,646

200,734
73,677

5,29959
8,88801
1,41158
73. 36 p. c.
2.22 e.
0.730 c.

177.80

230.18
207.28
40
47
2,916

4,000,000
2,530,000
173,076
781,664
78,409

196,638
51,856

4,60951
3,33125
1,27826
72.26 p. C.
1.97 c.
0.754 c.

189.50
231.78
195.33
42
47
2,901

4,000,000
2,530,000
165,049
611,767
217,506

197,958
113,698

4,611 14
3,00343
1,60771
65. 13 p. c.
2.23 c.
0.740 C.

189.50

2S3.14
198.31
41
47
2,899

4,000,000
2,530,000
217,819
53,858
276,159

209,995
62,567

4,513 38
3,10734
1,40604
68.85 p. c.
1.84c.
0.687 c.

191.22
231.87
198.31
87
45
2,811

4,000,000
2,930,000
351,477
79,193
214,965

212,069
def. 39,060

3,704 16
2,811 67
89249
75.91 p. c.
1.61 c.
0.716 c.

189.93
232.06
198.31
37
44
2,802
$

4,000,000
2,530,000
472,449
101,508
163,127

Balance, Surplus

Gross Earnings per Mile. . . .
Gross Expenses per Mile . . .
Net Earnings per Mile

Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile. .

Miles Railroad Owned
Miles of Track

Miles Steel Rail

Locomotives

Passenger and Baggage Can
Freight and Other Cars

Capital Stock

Funded Debt

Bills and Accounts

Other Liabilities

Profit and LOBS

Total Liabilities

6,030,786

5,758,321
29,519
61,017
140,918
41,011

6,692,921

6,382,791
1,513
98,280
177,818
83,019

6,755,391

6,345,142
68,069
100,120
145,061
96,999

7,563,149

7,252,142
50,000
60,141
89,831
111,035

7,524,324

7,814,616
50,000
36,104
117,480
6,174

7,077,836

6,877,879
50,000
31,581
97,318
30,988

7,575,636

6,978,103
450,000
30,622
77,128
39,788

7,267,084

7,024,979
50,000
33,380
79,608
79,117

Road and Equipment
Other Investments

Materials

Bills, Accounts, and Assets.
Cash

Total AeieU

6,030,786

(,093,921

6.756,391

7,563,149

7,524,834

7,017,886

7,675,636

7,267,084

General Balance Sheet, Dec. 31, 1897.

Cost of Road and Equipment $7,026,839 77

Other Investments 50,000 00

Materials 34,030 05

Bills, Accounts and Assets 102,234 67

Cash 65,223 11

Betterment Account 2,478 78

Total Assets ; $7,280,806 38

Capital Stock $4,000,000 00

Funded Debt 2,530,000 00

Bills and Accounts Payable 494,542 93

Accrued Interest 51,012 50

Profit and Loss 205,25095

Total Liabilities $7,280,806 38

Funded debt consisted, June 30, 1897, of $1,800,000 gen. mtge. 5 p. c. 40-yr. $500 and $1,000 coupon
bonds, due March 1, 1927, interest March and Sept.; and $730,000 equipment trust and 2d mtge. 6 p. c. 40-yr.
$1,000 gold coupon bonds, due Aug. 1, 1930, interest Feb. and Aug. The equipment trust and 2d mtge. bonds
may be paid off at par Aug. 1, 1900, or at 105 and interest any time thereafter before maturity. They are a
first lien on 1,288 freight cars, 3 locomotives, 2 parlor cars, and 4 coaches, and are a second lien on all other
property of the company. Trustee: State Trust Co., New York, N. Y. Trustees of gen. mtge.: H. W.
Smithers, London, Eng., surviving. Coupons payable at the office of Hamilton Trust Co., Brooklyn, N. Y.

Under date of Dec. 1, 1893, a mortgage was executed to the Union Trust Co. of New York, as trustee,
to secure an issue of $4,000,000 of consol. mtge. 5 p. c. 50-yr. gold bonds, due Dec. 1, 1943, interest payable
June and Dec. These bonds were provided, as to $1,470,000 of them, for terminal facilities and for better-
ments, and as to $2,530,000 to discharge prior liens. As yet, none of the bonds have been sold, but $700,000
of them are pledged as security for the floating debt of the company stated in the balance sheet. This float-
ing debt was incurred through the payment of car trust notes.

100

POOR'S MANUAL — CENTRAL NORTHERN GROUP.

Statement showing the condition of the equipment trust account, June 30, 1897.

Trusts.

1st Note
Due.

Expires.

Description of
Equipment.

Total
Cost.

Total
Paid.

To be
Paid.

$

Burnham-Williams Co . Mar. 3, 1894 Feb. 3,1897 2 Fgt. Locos. 19,58104 19,58104

No 84- O Adams Agt Sept. 7, 1893 Aug. 7, 1900 l,OOOBoxCars. 607,58000 291,56000 316,02010

Ensio-n Mfg Co Mar. 15, 1893; Feb. 15, 189t 100 Coal Cars. 42,15484 42,15484

Burnham-Williams Co May 4, 1892 Apr. 14, 189r 5 Pass. Locos. 46,744 88 46,744 88

Ens'-m Mfg. Co June 15, 1893 May 15, 189S 12 Coal Care. 5,01600 5,01600

Total 721,07676 405,05676 316,02000

Directors (elected March 17, 1898). — Calvin S. Brice, Lima, O. ; Samuel Thomas, New
York, N. Y.; Andrew Squire, Frank Rockefeller, William Chisholm, Cleveland, O. ; Edward
R. Thomas, Stewart M. Brice, New York, N. Y.

CALVIN S. BRICE, President _. Cleveland, O.

George L. Bradbury, Vice- President. "

Auditor— J. J. Lyon . . Cleveland, O. | Treasurer — J. J. Sullivan Cleveland, O.

Assl. Sec. & Asst. Treas Q. A . Morrison, New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Cleveland, O.

New York Office 80 Broadway.

CLEVELAND, CANTON AND SOUTHERN RAILROAD COMPANY.

Main Line of Road.— Cleveland, O. , to Zanesville, 0 144.29 miles.

Sherrodsmllc Branch: Canton, O., to Sherrodsville, 0 43.29 m.

Minerva Branch : Minerva June, to Minerva, 0 2.73 m.

Chagrin Falls Branch : Chagrin Palls June, to Chagrin Falls, O 8.19 m.

Marks Branch : Canton, O., to Marks, 0 6.42 m.— 59 63

Leased : Mamtton RR. : Navarre to Warwick Mines, 0 5.50

Total length of lines operated, June 30, 1897 209.42 miles.

Sidings (leased, 2.13 m.), 64.44 miles. Gauge, 4 ft. 8| in. Rail (steel), 60 Ibs.

History. — Consolidation in May, 1892, of the Cleveland and Canton, the Waynesburg
and Canton, the Cleveland, Chagrin Falls and Northern, and the Cleveland, Canton and
Southern RE. Cos. (See MANUAL for 1892, p. 1147.) On Sept. 15, 1893, J. W. Ward well
and Frederick Swift were made receivers, but in July, 1894, Swift resigned, and Wardwell
became sole receiver. Committees on reorganization representing the holders of several of
the bond issues have been in the field for some time, but have not yet agreed upon a plan
satisfactory to all interests. Foreclosure suits have been brought under the consol. mtge.
(Nov., 1894), Coshocton and Southern mtge. (in 1895) and Cleveland and Canton 1st mtge.
(March, 1896); and a bill has been filed (Aug., 1897) by the trustee under the consol. mtge ,
attacking the validity of the Cleveland and Canton 1st mtge.

Rolling Stock, June 30, 1897. — Locomotives, 36. Cars — passenger, 16 ; baggage, mail,
and express, 10 ; freight (box, 50 ; flat, 201 ; stock, 10 ; coal, 2,077 ; caboose, 20), 2,358 ;
other, 20 — total cars, 2,404. Of this equipment, 24 locomotives, 3 passenger, 2 baggage, etc.,
165 flat, 10 stock, and 1,510 coal cars are held under car trusts.

Operations, year ending June 30, 1897. — Train mileage — passenger, 389,401 ; freight,
290,213 ; other, 292,163— total, 971,777 miles. Passengers carried, 449,578 ; carried one mile,
12,529,200 ; average mile rate, 1.39 cents. Tons freight moved, 1,072,346 ; moved one mile,
61,342,616 ; average ton-mile rate, 0.74 cent.

Earnings— Pnssenger $175,396 08

Freight 457,435 00

Mail and Express 31,05007

Miscellaneous 24,077 59

Expenses— Conducting Transportation $298,578 56

Maintenance of Equipment 97.853 58

Maintenance Way and Buildings. 148,991 12
General 29,88431

Total ($3,285.06 per mile) $687,958 74 Total ($2,747.14 per mile) $575,307 57

POOR'S MANUAL — CLEVELAND, CANTON AND SOUTHERN RR. CO. 101

Net earnings (16.37 p. c.), $113, 651. 17. Charges : Interest on bonds, $210,410 ; on debt,
$7,440 ; rentals, $15,940.60 ; taxes, $27,783.31 ; new sidings, $812.10 ; real estate and interest
on real estate mtges., $7,516.59— total, $269,902.60. Deficit, $157,251.43; deficit forward,
$621,746.74— total, $778,998.17.

General Balance Sheet, June 30, 1897.

Cost of Property $16,887,359 91

Equipment 1,480,254 62

Stocks and Bonds Owned
Other Permanent Investments
Materials and Fuel on Hand..

Trustees, Sinking Fund

Current Assets

Profit and Loss

941,155 27
6,900 00
28,011 34
45,000 00
119,725 95
778,998 17

Total Assets $20,287,405 26

Capital Stock (par, $100) and Scrip $12,799,459 00

Funded Debt Outstanding (see below)... 4,573,000 00

Real Estate Mtges 104,000 00

Equipment Trust Obligations 423,06957

Bills and Accounts Payable. 2,387,876 69

Total Liabilities ..$20,287,405 26

Capital stock, bonded debt, gross and net revenues, etc., for eight years

Years

1890.,
1891.,
1892

. Capital
'• Stock.

,.10,533,824
,.10.993,357
,.12,796,483

Bonded
Debt.

$

2,640.066
2,842,400
4,462,000

Cost and
Invest-
ments.
$
14,050.005
14,652,101
18,499.548

RR.
Oper-
ated.
Mile*.
204.88
204.45
209.59

Gross T
Earn- j
ings. *

499,504
648,716
786,552

Expenses
t Taxes.

336,807
432,780
522,941

Net
Barn- I
ings.

162,697
'Jl 5,936
263,611

nterest. (

129,162

164,049
227,576

Other
Charges.

28,488
31,378

Total
Charges.

157,650

195,427
227,576

Balance
( +or— ).

$

+ 5,047
+ 32.460
+ 36,035

1893.
1894.,
1895.
18%.
1897.,

. . 12,799,459
,.12,799,459
,.12,799,459
..12,799,459
,.12,799,459

4,583,000
4,679,000
4,678,700
4,573,000
4,573.000

19,308,7TO
19,315,670
19,315,670
19,315,670
19,315,670

216.65
210.15
209.42
209.42
209.42

961,546
619,307
673,822
706,815
687,959

706.430
615,168
552,378
568,319
603,091

255,116
4,139
121,443
138,496
84,868

281,559
216,824
227,777
228,868
217,850

16,113

184,302
36,018
30,521
24,269

297,672
401,126
263,795
259,389
242,119

— 35,058
— 396,987
— 142,350
— 120,893
— 157,251

Funded debt ($4,573,000), consisted, June 30, 1897, of the following :

1st mtge. (C. & C. RR.) 5 p. c. 30-yr. $1,000 bonds, due July 1, 1917, interest Jan. and July $2,000,000

1st mtge. (Cosh. & So. RR.) 5 p. c. 30-yr. $1,000 bonds, due July 1, 1917, interest Jan. and July 600,000

1st mtge. (C., C. & So. RR.) 5 p. c. 50-yr. $1,000 bonds, due Jan. 1, 1941, interest Jan. and July.... 200,00u

1st mtge. (C., C. F. & N. RR.) 5 p. c. 40-yr. $1,000 bonds, due April 1, 1929, interest June and Dec.. 200,000

1st mtge. (W. & C. RR.) 5 p. c. 40-yr. $1,000 bonds, due June 1, 1928, interest June and Dec 200.00U

1st con. mtge. (C., C. & S. RR.) 5 p. c. 50-yr. $1,000 coup, bonds, due May 1, 1942, int. May & Nov. 76,000

Debent. (C., C. F. & N. RR.) 6 p. c. 6-yr. $1,000 bonds, due May 1, 1896, interest May and Nov 150,000

6 p. c. (Cosh. & So. RR.) coup, notes, dated April 1, 1889, due April 1, 1894, interest April and Oct. 26,000

Equipment Trust and Improvement 5 p. c. 26-yr. $1,000 bonds, due July 1, 1917, int. April and Oct. . 1,121,000

The 1st mtge. C. & C. RR. bonds are authorized at the rate of $12,500 per mile, and are secured on the
line from Cleveland to Coshocton, O., 115.31 m., and branches from Canton, O., to Sherrodsville, O., 42.29
m., and from Oneida, O., to Minerva, O., 2.73 m. ; a total of 160.33 miles. They were issued to provide means
for changing the gauge and relaying the road with 60-lb. steel rail. Interest payable in New York, at the
Knickerbocker Trust Co.; in Boston, at the International Trust Co., trustee. Interest due July 1, 1894, was
paid Dec. 31, 1894; Jan., 1895, coupons were paid June 29, 1895; July, 1895, and subsequent coupons are in
default. Committee: Chas. A. Peabody, Jr., H. L. Thornell, and H. K. Pomroy. Depositary: Mercantile
Trust Co., New York, N. Y.

The 1st mtge. C. d S. RR. bonds are secured on the line from Coshocton to Zanesville, O., 29.90 miles.
They are gold bonds, dated July 1, 1887, interest payable at office of trustee, the International Trust Co.,
Boston, Mass. Interest in default since July, 1893. Committee: P. W. Smith, O. W. Plummer, and O. Pres-
cott. Depositary: International Trust Co., Boston, Mass.

The 1st mtge. C., C. F. d N. RR. bonds are secured on the line from Chagrin Falls to Solon, 8.19
miles. Authorized issue, $20,000 per mile. Interest payable by the trustee, the International Trust Co.,
Boston, Mass.

The 1st mtge. C., C. d 8. RR. bonds are dated Dec. 1, 1890, and are secured on real estate in Zanes-
ville. Trustee: International Trust Co., Boston, Mass.

The 1st mtge. W. d C. RR. bonds are secured en the line from Canton to Marks, O., 6.42 miles. They
are for $1,000 each, in coupon form; interest payable by the trustee, the International Trust Co., Boston, Mass.
Interest in default since June, 1893.

The 2d mtge. equipment trust and improvement bonds were issued by the C. & C. RR. Co., March 2,
1891. They are a first lien on certain equipment and are subject to the C. & C. Ists on 160.33 m. of road.
Interest in default since April, 1893. Authorized amount, $2,000,000. Trustee: International Trust Co.,
Boston, Mass. Committee: Morgan Rotch, H. B. Rollins, H. F. Dimock, C. T. Barney, Geo. P. Messervey,
Geo. N. Smaller, and Chas. H. French. Depositary: International Trust Co., Boston, Mass.

The debenture bonds are dated May 1, 1890, and are secured on rolling stock not covered by the equip-
ment trust and improvement mtge. Authorized amount, $150,000. Trustees: George N. Smalley and Wm.
Rotch.

The 1st consols are dated May 14, 1892, and are authorized at a rate not exceeding, with the present
mortgage indebtedness, $26,000 per mile of main track. Bonds of the constituent companies may be ex-
changed for these. Interest payable at office of the trustee, Knickerbocker Trust Co., New York, N. Y.
Committee: Robert Maclay, Louis O. Ledyard, and William Rotch.

Mnssilloii RR. — Navarre to Warwick Mines, O.,
5.5 m.: sidings, 2.13 miles. Rail (steel), 60 Ibs. Road
opened March 1, 1896. Leased from that date to the

ital stock, $110,000; funded debt (1st mtge. 5 p. c.
30-yr. bonds, due March 1, 1912, interest March and
Sept., at office of trustee), $110,000— total, represent-

C. C. & So. RU. Co., for 30 years, the lessee paying ing cost, etc., $220,000. Trustee of bonds: G. N.

this company ten cents per ton on all freight from or
to this road. Rental, year ending June 30. 1897,
$15,941, which was paid as interest on bonds ($5,500)
and sinking fund and other charges ($10,441). Cap-

Smalley, 54 Devonshire St., Boston. H. A. Kennedy,
Pres., Canton, O.; J. W. Wardwell, Sec. & Treas.,
Cleveland, O, General Office, Canton, O.

102

POOR'S MANUAL — CENTRAL NORTHERN GROUP.

C.W. Plnmmer, New Bedford, Mass.

A. C. Barstow Providence, R. I.

E. J. Blandin Cleveland, O.

Henry C. Ranney "

Edward S. Flint "» "

Wm. Edwards Cleveland, O.

SethT. Paine " "

Isaac H. Taylor Carrollton.O.

Isaac N. Pennock Minerva,O .

H. A. Wise Canton,O.

Board of Director*, Cleveland, Canton & So. SB. Co., elected May 18, 1894.

Fred'k Swift. . .New Bedford, Mass.
Morgan Rotch.. " "

Wm. Rotch Boston, Mass.

J. W. Wardwell Cleveland, O.

A, S. Emory

J. W. WARD WELL, Receiver and General Manager ...... .Cleveland, 0.

HBNBY C. RANNEY, President "

A. C. Barstow, Vice- President Providence, R. I.

See. <k Treas.— Wm. Rotch Boston, Mass. | Auditor— Wm. H. Woodward Cleveland, O.

PRINCIPAL OFFICE AND ADDRESS Cleveland. O.

CLEVELAND, LOBAIN AND WHEELING RAILWAY COMPANY.

(For map of this road, see page 103.)

Main Line of Road. — Lorain, 0., to Bridgeport, 0 157.6 m.

Cleveland Branch : Lester, O., to Cleveland, 0 28.0 m.

Bellaire Branch : Martin's Ferry to Bellaire, 0 6.7 m. — 192.3 miles.

Sidings, etc., 101.73 miles. Gauge, 4 ft. 8| in. Rail (steel), 56, 65, and 70 Ibs.

History. — Consolidation, Nov. 23, 1893, of the Cleveland, Lorain and Wheeling RR. Co.
with the Cleveland and Southwestern Ry. Co. (See MANUAL for 1894, p. 108.)

Rolling' Stock, June 30, 1897. — Locomotives, 61. Cars — passenger, 20 ; combination, 3 ;
baggage, etc., 8; freight (box, 246; flat, 403; coal, 3,683; caboose, 49), 4,381 ; other, 12—
total cars, 4,424.

Operations, year ending June 30, 1897. — See tabulated statement below.

Expenses — Conducting Transportation . , , , , $488,532 73

Maintenance of Equipment 120,054 51

Maintenance Way & Buildings . 162,079 40
General 59,306 49

Earnings— Passenger 4165,831 41

Freight 998,90558

Mail and Express 28,583 05

Miscellaneous 11,830 58

Total (16,349.56 per mile) $1,205,150 62 Total ($4,316.03 per mile) $829,973 13

Net earnings (31.13 p. c.), $375,177.49 ; other receipts, $4,925.63— total. $380,103.12.
Payments : Interest on bonds, $284,000; on car trust?, $16,875; dividends on preferred stock
(Oct. 1, 1896, 1 p. c.), $50,000 ; taxes, $50,311.71— total, $401,186.72. Deficit, $21,083.59 ;
surplus forward, $353,147.72 ; net surplus, $332,064.13. Deduct sundry accounts written
off, $12,419.09. Surplus, June 30, 1897, $319,645.04.

Statement of operations, earnings, etc., for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad

164.30
219.30
164.30
305,030
594,132
1,408,511
396,369
6,822.003
1,568,602
162,788,176

145,061
954,929
80,078
25,164

164.30

212.84
176.84
302,599
836,910
1,139,509
375,679
6,552,426
1,858,656
177,409,477

150,195
1,107,341
19,943
13,993

164.80
234.79
204.79
305,048
983,070
1,288,118
375,499
6,649.670
2,154,704
222,808,984

149,499
1,232,895
21,319
25,773

164.30

234.79
224.79
378,716
1,032,229
1,410,945
414,742
7,796,599
2,203,981
212,439,369
$
164,645
1,209,833
24,320
43,384

192.30
262.79
262.52
383,183
911,054
1,752,038
326,530
6,479,306
1,707,497
188,881,323

153,993
989,743
24,535
13,773

192.30
269.79
269.79
393,515
970,719
2,059,587
312,595
6,536,795
2,226,794
226,469,122
$
153,673
1,168,601
27,168
12,523

192.30

292.20
281.30

j- 1,087,373

1,556,836

377,886
9,527,403
2,780,886
275,841,909

183,483
1,365,049
27,129
11,256

192.30
294.03
294.03
462,575
695,068
1,645,226
340,277
8,770,493
2,044,546
187,161,464
$
165,831
998,906
28,583
11,830

Miles of Track

Miles of Steel Rails... .
Passenger Train Miles .
Freight Train Miles .
Total Engine Miles..
Passengers Carried..

Freight (tons) Moved
Freight (ton) Miles..

Passenger Earnings
Freight Earnings

Mail and Exp. Earnings..
Miscellaneous Earnings. .

Gross Earnings

1,145,233
776,559

1,291,472
950,284

1,429,486
1,111,619

1,442,182
1,110,855

1,182,044
884,341

1,361,965
959,037

1,586,918
1,146,745

1,305,160
829,973

Operating Exp. & Taxes.
Net Earnings.

368,673

6,97004
4,72646
2,24358
67.81 p. C.
2.12 c.
0.58 c.

341,188

7,86045
5,78383
2,076 82
73.68 p. C.
2.29 c.
0.62 c.

317,867

8,70046
6,76579
1,93467
77.78 p. c.
2.25 c.
0.55 c.

331,387

8,77774
6,761 14
2,016 60
77.03 p. c.
2.11 c.
0.57 C.

297,703

7,194 42
5,38248
1,811 94
74.81 p. c.
2.38 c.
0.52 c.

402,928

7,08250
4,821 96
2,26054
68.08 p. c.
2.35 c.
0.52 c.

440,173

8,25230
5,96331
2,28899
72.26 p. c.
1.92 c.
0.49 c.

375,177

6,349 56
4,316 03
2,03453
68.87 p. c.
1.89C.
0.53 c.

Gross Earnings per Mile.
Gross Exp. &Taxes p. M.
Net Earmngsper Mile. . .
Expenses to Earnings . . .
Av. Rate per Pass. perM.
Aver. Rate per Ton perM.

104 POOR'S MANUAL — CENTRAL NORTHERN GROUP.

t

Income, Supplementary Statement, six months ending Dec. 31, 1897 : Gross earnings,

$779,438.54; operating expenses and taxes, $535,178.47; net earnings, $244,260.07. As

compared with the corresponding period of the previous year these figures show increases of

$180,944.28 in gross earnings, $88,823.27 in expenses and taxes and $92,121.01 in net earnings.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $18,823,780 12

Other Permanent Investments 300,00000

Materials and Supplies on Hand 23,814 36

Common Stock Paid in (shares, $100)... $8,000,000 00
Preferred Stock Paid in (shares, $100) . . . 5,000,000 00
Funded Debt Outstanding (see below)... 5,400,000 00

Bills Receivable 15,407 83 ! Car Trust Bonds 401,348 00

Agents, Companies and Others 160,782 87 Bills Payable 132,227 35

Other Cash Assets 26,495 37

Total Assets $19,377,947 74

Current Accounts 124,727 35

Cash in Treasury 27,661 19 Profit and Loss 319,645 04

Total Liabilities $19,377,947 74

Funded debt, June 30, 1897 (total, $5,400,000 ; annual interest charge, $284,000), con-
sisted of :

C., T. V. & W. Ry. 1st mtge. 7 p. c. 20-yr. $1,000 coup, bonds, due Oct. 1, 1898, int. April and Oct. $700,000
C., L. & W. Ry. con. 1st mtge. 5 p. c. 40-yr. $1,000 gold coup, bonds, due Oct. 1, 1933, int. A. & O. 4,300,000
C., L. & W. Ry. gen. mtge. 5 p. c. 40-yr. $1,000 coup, bonds, due June 1, 1936, int. June and Dec.. 400,000

The total authorized issue of consol. 1st mtgc. bonds is $5,000,000, of which $700,000, par value, are
reserved with the trustee for the retirement of an equal amount of C., T. V. & W. Ry. 7s -of 1898. In addition
to being a first lien upon the railway property, rights, and franchises, all the property of the Pittsburgh and
Wheeling Coal Co., which has a present capacity of 2,800 tons of coal per day, and which owns 5,600 acres
of coal, is assigned to the trustee as security for these bonds.

The authorized amount of general mtge. bonds is $1,000,000. They were authorized at a meeting held
May 11, 1896, to provide for improvements, and are secured by mtge. on the entire property of the company.

The car trust bonds are in two series — series A, $305,000; series B, $96,348. The total amount issued of
series A was $400,000; of series B, $109,368. Series A bonds were issued on or about Oct. 1, 1895, and are pay--
able $5,000 monthly; series B bonds were issued about Aug. 1, 1896, and are payable $1,302 monthly. Series
A bonda bear interest at the rate of 5 p. c. per annum, payable Jan. and July. Equipment covered by car
trusts consists of 6 locomotives, 950 coal cars and 300 flat cars.

Interest and dividends payable at office of Blair & Co., 33 Wall Street, New York, N. Y.
Trustee of bonds : United States Mortgage Co., New York, N. Y. Preferred stock is en-
titled to 5 p. c. per annum, non-cumulative, in preference to common. Stock may be voted
after 10 days' ownership.

Directors (elected Oct. 6, 1897). — M. D. Woodford, E. Zimmerman, Cincinnati, O.; H.
F. Shoemaker, Henry A. Taylor, Alfred Sully, John B. Dennis, Jas. A. Blair, New York, N.
Y.; W. R. Woodford, J. E.French, Daniel P. Eells, W. A. Shoemaker, Cleveland, O.; J. W.
McClymonds; Massillon, 0.; Parks Foster, Elyria, O.

M. D. WOODFORD, President Cincinnati, O.

J. B. Dennis, Vice-President New York, N. Y.

Secretary— W. A . Shoemaker New York, N. Y. General Jfanacrei — W. R. Woodford Cleveland, O.

Treasurer— H. T. Sandford Cleveland, O.

Auditor— W. H. Park.

PRINCIPAL OpprcE AND ADDRESS Hickox Building, Cleveland, O.

COLUMBUS, SANDUSKY AND HOCKING RAILROAD COMPANY.

T5wi/i . nf DnoH J Fair Grounds, O., to Sandusky, 0 ....... 111.00 m.

' | Columbus to Shawnee & Shawnee Jc., 0. 92.37 m.— 203.37 miles.
Branches ; Various ................................ ..................... 22.84 "

Leased : Zanesville Terminal Ry. : Muskingum to S. and W. Zanesville, O. . . 4.62 "
Trackage (for details, see paragraph below) .............................. . . 42.20 "

Total length of all lines operated, June 30, 1896 (owned, 226.21 m.) ........ 273.03 miles.

Sidings, etc. (leased, 3.3 m.), 49.18 miles. Gauge, 4 ft. 8£ in. Rail (steel), 65 Ibs.

Trackage: C., C., C. & St. L. Ry., Columbus, O., to 5th Ave., 1.10 m.; T. & O. C. Ry.,
Alum Creek to Tburston, 0., 25 m.; C. & M. Vy. Ry., S. Zanesville to Zanesville, O., 2 m.;
K. & M. Ry., Buckingham to Glouster, O., 9 m.; B. '& O. RR., W. Zanesville to Pearl St., O.,
0.40 m.— total, 42.20 miles.

NOTE. — The preceding statement of mileage is repeated from the MANUAL for 1897 and shows the mileage
owned and operated on June 30, 1896. The company refused to furnish a statement corrected to June 30,
1897. According to returns supplied by the Commissioner of Railroads and Telegraphs of the State of Ohio
the length of main lines owned, June 30, 1897, was 199.84 m. ; branches owned, 24.09 m. ; sidings owned,
45.63 m. — total track owned (all steel), 274. CC miles.

History. — Chartered Aug. 22, 1895, as successor to the Columbus, Sandusky and Hocking
Ry. Co., whose property was sold under foreclosure on Oct. 19, 1895. (See MANUAL for 1896,

POOR'S MANUAL— COLUMBUS. SANDUSKY AND HOCKING RR. CO. 105

p. 120, and MAM;AL for 1897, p. 95.) A committee, of which Louis Fitzgerald of New York
is chairman, was appointed in Feb., 1897, to protect the interests of the bondholders and pre-
pare a plan of reorganization. Interest due June 1, 1897, went to default, and a receiver was
appointed. From unofficial sources the MANUAL learns that in March, 1898, the receiver was
authorized to issue $360,000 receiver's certificates to pay maturing obligations, and to expend
$160,000 for car couplers and brakes ; also that $200,000 receiver's certificates had been pre-
viously issued, to mature July, 1898.

The company and the receiver refused to furnish the MANUAL with a statement of the
affairs of this road for the year ending June 30, 1897. The returns of rolling stock, opera-
tions, and general balance sheet from which the accompanying statements were compiled
were supplied by the Commissioner of Railroads and Telegraphs of the State of Ohio.

Rolling Stock, June 30, 1897. — Locomotives, 43. Cars — passenger, 21 ; baggage, etc.,
14 ; freight (box, 389 ; flat, 77 ; stock, 1 ; coal, 3,014 ; caboose, 22), 3,503 ; other, 21— total
cars, 3,569.

Operations, year ending June 30, 1897. — Train mileage — passenger, 308,531 ; freight,
466,389 ; mixed, 40,456 ; other, 233, 083— total, 1,048,459 miles. Passengers carried, 245,599;
carried one mile, 6,746,774 ; average mile rate, 1.74 cents. Tons freight moved, 1,095,252 ;
.oved one mile, 116,581,844 ; average ton-mile rate, 0.54 cent.

EARNINGS. 1896-97

Passenger $117,814 16

Freight 637,477 01

Mail and Express 33,299 78

Miscellaneous 200 28

1895-96

$138,663 52
717,764 46
20,641 70
28,22700

Total $777,791 23

Total per Mile 2,848 74

§905,296 68
3,315 74

EXPENSES. 1896-97

Conducting Transportation $408,251 23

Maintenance of Equipment 104,616 47

M aintenance Way and Buildings . 1 16,280 86
General 43,699 98

1895-96

$441,76404
111,14229
99,068 46
44,890 84

Total $672,848 54 $696,865 63

Total per Mile 2,464 37 8,552 34

Net earnings (13.49 p. c.), $104,942.69 ; other receipts, $18,282.71— total, $1'23,225.40.
Charges : Interest on bonds, $229,168.01; on debt, $76,858.85 ; rentals, leased lines, $96,176.79 ;
other, 024,389.09— total, $426,592.74. Deficit, $303,307.34 ; deficit forward, $122,882.85~total
($426,250.19 ; deductions for year, $7,207.65), $433,457.84.

General Balance Sheet, June 30, 1897.

Cost of Uoad and Equipment $18,209,029 29

Materials and Fuel on Hand 30J633 68

Other Property and Assets 8,510 40

Cash on Hand 277,961 47

Profit and Loss 433,457 84

Common Stock (shares, $100) $3,348,392 00

Preferred Stock (shares, $100; 4 p. c.

non-cum.) 4,041,067 00

Funded Debt Outstanding 10,012,967 75

Current Accounts 1,557,065 93

Total Assets $18,959,492 68 Total Liabilities $18,959,492 68

Of tho $10,012,967.75 of outstanding funded debt as per preceding balance sheet, only
$9,558,380.51 are accounted for in the detailed statement of funded debt furnished by the
Commissioner of Railroads and Telegraphs. These are as follows : 1st mtge. bonds (autb.,
$2,000,000), $699,906.53 ; gen. mtge. bonds (auth., $10,000,000), $7,446,591.79 ; income bonds,
(auth., $1,514,000), $1,122,882.19 ; real estate mtge., $200,000; coupon notes of 1897, $89,000
—total, $9,558,380.51. This leaves $454,587.24 of funded debt as of June 30, 1897, unac-
counted for, 'and makes no mention of car trust notes or of 1st mtge. bond scrip.

The following statement of funded debt outstanding on June 30, 1896 (total, $11,715,-
111.42), was furnished by the company, for publication in the MANUAL for 1897 :

1st mtge. 5 p. c. 5-yr. $1,000 gold coup, bonds, due Oct. 1, 1900, interest April and Oct $2,000,000 00

Gen. mtge. 4 p. c. 50-yr. $1,000 gold bonds, due July 1, 1946, interest Jan. and July 7,446,591 79

Income 4 p. c. 50-yr. non-cumulative gold bonds, due 1945, int. payable (if earned) Feb. & Aug. . . 1,150,171 77
Real estate 1st mtge. C p. c. 10-yr. $1,000 coup, bonds, due June 1, 1902, interest June and Dec... 200,000 00

6 p. c. 5-yr. $1,000 coup, notes, due Dec. 15, 1897, interest June 15 and Dec. 15 89,00000

C'ar Trust Notes, issued and due at various dates 680,128 57

1st mtge. bond scrip, for gen. mtge. coup. J. 1, 1896 and J. 1, 1897, int. 5 p. c. from April 1, 1896. 149,219 29

The prior lien bonds were issued under the reorganization of 1895; $l,110,6'i7 were set aside to be used
in payment of car trusts; $703,107 for floating debt, and $180,000 for improvement of the road and equipment.
Trustee: Mercantile Trust Co., New York, N. Y. Interest due Oct. 1, 1897, is in default.

The authorized amount of general mtge. bonds is $10,000,000, of which $2,544,000 were reserved for the
following purposes: $2,000,000 for redemption of prior liens; $200,000 for real estate mtges. ; $89,000 for
coupon notes, and $255,000 for surplus bonds to cover discounts. The remainder was used for retiring at par
the C., S. & H. Ry. Ists ($3,543,184) and equipment bonds ($708,000), and the Sandusky and Col. Short Line
Ists ($3,000,000) and equipment bonds ($150,000). The first coupon of these bonds became payable July 1,
1896; and for 1896 and 1897 bear interest at the rate of 2J p. c. per annum; during 1888 and 1889 at the rate
of 3 p. c., and thereafter at the rate of 4 p. c. Coupons'due July 1, 1896 and Jan. 1, 1897, were paid in 1st
mtge. bond scrip bearing interest from April 1, 1896. Trustee: Metropolitan Trust Co., New York, N. Y.

106

POOR'S MANUAL—CENTRAL NORTHERN GROUP.

Of the total amount of income bonds ($4,100,000), $1,514,000 were used in retiring at par the Col., S. &
H. consols, and all attached coupons. Total amount issued to June 30, 1896, $1,778,171.77, less scrip deposited
as collateral, $628,000— $1,150,171.77.

Interest on the several issues of bonds is payable at the company's office in Columbus, O.,
or at its agency in the City of New York.

ital stock, $453,000; funded debt, $453,000 1st mtge.
5 p. c. 50-yr. $1,000 gold coup, bonds, with privilege
of registration, due July 1, 1940, Interest Jan. and
July, at the office of Hatch & Foote, New York,
N. Y. Chase Andrews, Receiver & Pres. ; L. W.
Neereamer, Sec.; W. D. McKinney, Treas. & And.,
Columbus, O. General Office, Columbus, O.

Board of Directors, Columbus, Sandusky and Hocking RR. Co., elected Sept. 26, 1896.

D. S. Gray Columbus, O.

Henry Stearns "

Geo.W. Sinks " "

H. D. Turney

F. J. Picard Columbus, O.

W. E. Guerin . .
Theo. Leonard.
C. D. Firestone
Chas. F. Dean New York, N. Y.

SAMUEL M. FELTON, Receiver Columbus, O.

W. E. GUKRIN, President " "

Vice- President— Charles Parrott Columbus, O.

Treasurer— G. C. Hoover " "

PRINCIPAL OFFICE AND ADDRESS Columbus, O.

J. P. McCnne Columbus, O.

Ed. H. Ziirhorst Sandusky, O.

H. W . Putnam, Jr. . . New York, N. Y.
C. J. G. Hall.. " "

Secretary— H. D. Turney Columbus, O-

Auditor— &. M. Fisher " "

DETROIT AND MACKINAC RAILWAY COMPANY.

Main Line of Road. — Bay City, Mich., to La Rocque, Mich 157.3 miles.

Rose City Branch : Emery Junction to Rose City, Mich 31.80 m.

Prescott Branch : Emery Junction to Prescott, Mich 11.80 m.

Valentine Lake Branch : La Rocque to Valentine Lake, Mich 25.70 m.

Various Spurs and Logging Branches 69.60 m. — 138.90 "

Total length of lines operated, June 30, 1897 .296.20 miles.

Average mileage operated during the fiscal year 28480 "

Sidings, etc., 32.45 miles. Gauge, 4 ft. 8i in. Rail (steel), 70 Ibs.

History. — Reorganization, Dec. 31, 1894, of the Detroit, Bay City and Alpena RR. Co.,
whose property was sold under foreclosure on Nov. 8, 1894 (?ee MANUAL for 1895, p. 873).
The company assumed possession of the property on Feb. 1, 1895. The Southern extension,
from Emery Junction to Bay City, Mich., a distance of 47 miles, was opened for traffic on
Sept. 20, 1896.

Rolling Stock, Dec. 31, 1897. — Locomotives, 20. Cars — passenger, 6 ; combination, 2 ;
parlor, 2 ; baggage, etc., 5 ; freight (box, 84 ; flat, 399), 483 ; caboose, 8 ; other, 283 — total
cars, 789.

Operations, year ending Dec. 31, 1897.— Train mileage — passenger, 190,864 ; freight,
199,155 ; mixed, 71,990 ; other, 88,633— total, 550,642 miles. Passengers carried, 106,362 ;
carried one mile, 3,871,566 ; average mile rate, 2.61 cents. Tons freight moved, 498,493 ;
moved one mile, 19,640,624 ; average ton-mile rate, 1.71 cents.

Earnings— Passenger $101,047 87

Freight 336,287 70

Mail and Express 23,552 68

Miscellaneous 4,325 68

Expenses — Conducting Transportation $145,451 68

Maintenance of Equipment 44,539 40

Maintenance Way and Buildings. 120,817 00
General 29,26817

Total ($1,629.96 per mile) $464,213 93 Total ($1,194.09 per mile) $340,076 25

Net earnings (26.75 p. c.), $124,137.68. Payments : Interest on funded debt, $116,360 ;
taxes, $6,323.57— total, $122,683.57. Surplus, $1,454.11 ; surplus forward, $74,229.76— total,
$76,683.87.

General Balance Sheet, Dec. 31, 1897.

Cost of Road $4,715,703 20

Cost of Equipment 311,817 18

Real Estate 450 00

Materials and Supplies on Hand 55,415 09

A. & N. RR. Trust Fund on Deposit with

J. P. Morgan & Co 73,900 41

Bills Receivable 14,769 89

Current Accounts 3,785 09

Cush 13.169 2C

Total Assets $5,189,010 22

Capital Stock (shares, $100) $2,000,000 00

Preferred Stock 75,000 00

Funded Debt (see below) 2,918,000 00

Balance Due on Purchase of Alpena and

Northern RR 96,131 53

Bills Payable 24,194 82

Profit and Loss 75,683 87

Total Liabilities. $5,189,010 22

POOR'S MANUAL OF RAILROADS. 107

Funded debt (total, $2,918,000) outstanding, Dec. 31, 1897, consisted of :

1st lien 4 p. c. 100-yr. $1,000 gold bonds, dated May 1, 1805, due June 1, 1995, int. June and Dec.... $918,000
Mtge. 4 p. c. 100-yr. $1,000 gold bonds, dated May 1, 1895, due June 1, 1995, int. June and Dec 2,000,000

The bonds are issued under a mortgage dated May 1, 1895, made to the State Trust Co. of New York, as
trustee. The amount authorized under the mortgage is $4,000,000, of which $1,500,000 are designated " first
lien bonds," and $2,500,000 " mortgage bonds." The bonds are in coupon form, with privilege of registra-
tion. Principal and interest, free of all taxes, payable at the office of J. P. Morgan & Co., New York, N. Y.

The 1st lien bonds have an absolute prior lien, both as to principal and interest, on the. entire property
of the company whether now owned or hereafter acquired. The bonds of this class outstanding were issued—
$100,000 for reorganization purposes, $300,000 for the acquisition of the Alpena and Northern RR., and the
remaining $500,000 to provide means for constructing the extension to Bay City. Tne rest of the bonds
($600,000) may be issued from time to time up to May 1, 1905, but only for an extension to Mackinac and to
provide additional equipment.

The mtge. bonds are subordinate to the 1st lien bonds, although issued under the same mortgage. Also,
they are subject to redemption at par. Of the $2,500,000 authorized, $500,000 are reserved for additions and
improvements, not over $50,000 to be used in any one year. The remaining $2,000,000 of bonds (together with
the $2,000,000 of common stock), were provided to be issued to holders of the $2,500,000 bonds of the old
Detroit, Bay City and Alpena RR. Co., but under the terms of the plan of reorganization only $1,250,000 of
the bonds were so distributed, the remaining $750,000 of bonds and the $2,000,000 of common stock being
delivered to a committee consisting of C. H. Coster, Edward N. Gibbs and Anthony J. Thomas, to be held
for later distribution, certificates for beneficial interest in them being delivered to the bondholders. The
committee at any time may waive interest on the $750,000 bonds held by it, and may take preferred stock at
par for such waived interest; or it may take preferred stock for the principal of the bonds should such a
course seem more prudent. Also it may sell the stock and bonds so held if it shall think such a course
expedient.

The authorized capital stock is $3,000,000, consisting of $2,000,000 common stock and not exceeding $1,-
000,000 preferred stock. The preferred stock, is to be used only, so far as shall be found necessary, in exchange
for bends, and for funding coupons, under the conditions referred to before, and its issue is to be limited to
the amounts needed for these purposes.

Directors (elected Oct. 26, 1897).— C. H. Coster, Edward N. Gibbs, Anthony J: Thomas,
H. B. Hollins, New York, N. Y.; J. D. Hawks, Detroit, Micb.

J. D. HAWKS, Prerident and General Manager Detroit, Mich.

George M. Crocker, Vice-President and Auditor " "

Secretary— A.. H. Gillard New York, N. Y. 1 Treasurer— J. H. Emmanuel New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS 610 Union Trust Building, Detroit, Mich.

ELGIN, JOLIET AND EASTERN RAILWAY COMPANY.

(CHICAGO OUTER BELT LINE.)

(For map of this road, see p. 108.)

tfaln Line of Road. — Waukegan, 111., to Porter, Ind -129.94 miles.

Aurora Branch : Normantown, 111. , to Aurora, 111 9.66 m.

Coster Branch : Walker, 111., to Coster, 111 81.92 m.

Joliet Branch : East Joliet to Joliet, 111 1.79 m.

Whiting Extension : III. State Line to Whiting, Ind 7.08 m.

Branches to Various Quarries, Mines, and Industries 12.54 m. — 62.98 "

Trackage (for details see paragraph below) 16.35 "

Total length of all lines operated, June 30, 1897 209.27 miles.

Sidings, etc., 76.50 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 to 80 Ibs.

Trackage consists of : Chicago, Indianapolis and Louisville Ry., Dyer to State Line, Ind.,
9.50 m. ; Chicago and Western Indiana RR., State Line, Ind., to Chicago, 111., 4.80 m. ; and
Belt Ry. of Chicago, at Chicago, 111., 2.05 m. — total, 16.35 miles. The contracts under which
this mileage is operated will endure for 99 years from 1894. The compensation paid by this
company for the use of the lines is not reported.

History.— Chartered in 1887 ; road opened Jan. 1, 1889. (See MANUAL for 1894, p. 112;
also MANUAL for 1891, p. 201.) The Whiting Extension was opened for traffic in Jan., 1897.
The line was built under the charter of the Western Indiana Ry. Co., whose rights and
property, including 1.5 m. of road, were purchased by this company. (See MANUAL for 1897,
p. 98.)

Rolling Stock, June 30, 1897. — Locomotives, 50. Cars — passenger and combination, 3;
freight (gondola and flat, 1,683 ; box, 300 ; caboose, 28), 2,011 ; service, 18— total, 2,032.

Operations, year ending June 30, 1897.— Train mileage — freight, 593,284 ; mixed, 36,-
829 ; other, 352,753— total, 982,866 miles. Passengers carried, 25,213 ; carried one mile,
481,698 ; average mile rate, 2.68 cents. Tons freight moved, 2,845,214 ; moved one mile,
182,853,924 ; average ton-mile rate, 0.61 cent.

108

POORS MANUAL OF RAILROADS.

109

Earnings— Passenger 812,945 63

Freight and Transfers 1,118,245 79

Express and Miscellaneous 46,295 57

Rents 7,159 37

Expenses— Conducting Transportation $411,673 91

Maintenance of Equipment 105.583 47

Maim enance Way and Bldgs 144,<>23 1 6

General and Taxes 110,183 25

Total ($5,772.29 permile) $1,184,646 36 Total ($3,761.94 per mile) $772,064 39

Net earnings (34.83 p. c.), $412,581.97. Pay ents : Interest on funded debt, $341,623.61;
track rentals, $14,706.14— total, $356,329.75. Surplus, $56,252.22. Deficit, June 30, 1896..
$19,986.86 ; balance of interest on loans and overdrafts, $15,339.20 ; sundry accounts written
off, $1,361.82— total, $36,687.88. Balance, surplus, June 30, 1897, $19,564.34.
Comparative statement of income account for seven fiscal years :

1891

1892

1893

1894

1895

1896

1897

Gross Earnings

$

631,281 90
435,448 75

9
815,134 10
547,932 55

$

920.032 14
077,6:3 79

1,020,325 94
699,864 55

$

1,080,685 92
730,751 67

$

1,292,421 05

810,305 80

$
1,184,646 36
772,064 39

Expenses and Taxes . . .

Net Earn, from Oper'n.
Fixed Charges

195,833 15
239,350 00

267,201 55
278,900 00

242,35835
289,084 72

320,461 39
303,95000

349,934 35
335,418 27

446,115 25
345,873 26

412,581 97
356,329 75

Surplus or Deficit. .

D. 43,516 85

D. 11,698 45

D. 46,726 37

S. 16,511 39

S. 14,516 08

5.100,241 99

S. 56,252 22

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment ...$12,892,913 73

Construction and Improvement.

South Chicago Extension

New Equipment

Materials on Hand

Cash on Hand

Due from Agents

Due from other Railway Companies

Due from Individuals and Companies. . . .
Bills Receivable

80,623 37
2,533 31

74,802 50

59,191 76
139,285 57
100,123 83

22,097 80
120,083 33

10,014 70

Capital Stock $6,000,000 00

First Mortgage Bonds 7,083,000 00

Due for Alteration of Cars

Bills Payable, Loans

Due other Railway Companies

Due Individuals and Companies

Pay Rolls for June

Unclaimed Wages

Paymaster's Account

Vouchers Audited

Accrued Interest on Funded Debt

Profit and Loss Account. . .

54,771 20
10,500 00
168,253 75-
13,708 23
36,784 12
1,747 03
N418 95
53,828 53
59,093 75
19,564 34

Total Assets $13,501,669 90 Total Liabilities $13,501,669 90

During the past year there were issued $450,000 of 1st mtge. bonds, with the proceeds
of which all of the equipment notes and equipment trust notes outstanding, and all of the
bills payable which represented indebtedness for construction, improvement and equipment,
have been retired.

Funded Debt. — 1st mtge. 5 p. c. $1,000 gold coup, bonds (with provision for registration of principal),
dated April 1, 1891, due May 1, 1941, interest May and Nov.; principal and interest payable at the company's
agency in New York; total issue not to exceed $10,000,000. The remainder of the bonds can be issued only
as and to the extent that consent shall be given from time to time by a majority of the stockholders, by
resolution, and then only for additions to the property, at cost, upon certification to the trustees by the
President or Vice-President and Engineer of the company. The bonds pass by delivery, or by transfer on the
books /of the company at its agency in the city of New York. After a registration of ownership no transfer
is valid except upon the books at the transfer agency, unless the last transfer is to bearer, in which case the
transferability by delivery is restored. But the bond is subject to successive registrations and transfers at
the option of each holder, provided the coupons yet to mature are attached to the bond. The coupons are
payable to bearer in all cases, whether the bond itself is registered or not. Trustees: Central Trust Co., New
York, and Augustus L. Mason, Indianapolis, Ind. Interest payable at the office of J. P. Morgan & Co., New
York, N. Y.

Directors (elected Sept. 21, 1897). — Samuel Spencer, A. J. Forbes-Leith, R. J. Cross,
C. H. Coster, G. W. Maslin, New York, N. Y.; Norman Williams, C. H. Ackert, A. J. Caton,
A. D. Wheeler, F. D. Raymond, F. W. Sutton, Chicago, 111.

SAMUEL SPENCER, President New York, N. Y.

Norman Williams, Vice-President ... Chicago, 111.

Secretary £ Treas.—'F. D. Raymond Chicago, 111. | Auditor— ¥. W. Sutton Chicago, 111.

PRINCIPAL OFFICE AND ADDRESS Monadnock Building, Chicago, 111.

Financial Agents J. P. Morgan & Co., New York, N. Y.

EVANSVILLE AND INDIANAPOLIS RAILROAD COMPANY.

Line of Road.— Evansville, Ind. . to Terre Haute, Ind 129.7 m.

Branch: Spring Hill Jct.to Terre Haute,Ind.(leased to T.H. & I.RR.Co.). 5.0 m.

Leased: Terre Haute and Indianapolis Br.: Saline City to Brazil, Ind. 11.8m. — 146.5 miles.

Sidings, etc., 24.36 miles. Gauge, 4 ft. 8| in. Rail (steel), 56 and 65 Ibs.

110

POOR'S MANUAL— CENTRAL NORTHERN GROUP.

History. — Consolidation, Nov. 14, 1885, of the Evansville and Indianapolis, the Terre
Haute and Southeastern, and the Evansville, Washington and Brazil RR. Cos. (See MANUAL
for 1891, p. 703 ; and MANUAL for 1885, p. 626.) This company is controlled by the Evans-
ville and Terre Haute RR. Co., whose track it uses from Evansville June, to Evansville, 3.5
m., and from Terre Haute to Spring Hill June., 4.9 m,., making total road operated (deduct-
ing leased branch), 149.9 miles.

Rolling Stock.— Cars— freight (flat, 27 ; coal, 13), 40.

Operations, year ending June 30, 1897. — Train mileage — passenger, 131,828; freight,
100,335; other, 14,842 — total, 247,005 miles. Passengers carried, 129,128 ; carried one mile,
3,172,547; average mile rate, 2.02 cents. Tons freight moved, 251,055; moved one ir.ile,
8,290,619; average ton-mile rate, 2.07 cents.

Burnings— Passenger $74,195 15

Freight 172,073 84

Mail and Express 23,711 65

Miscellaneous 8,447 91

Total ($1,857.42 per mile) $278,428 55

Expemses— Conducting Transportation $103,967 57

Maintenance of Equipment 34,079 27

Maintenance Way and Buildings. 59.61508

General 12,748 69

Total ($1,403.65 per mile) $210,408 51

Net earnings (24.43 p. c.), $68,020.04. Payments : Interest on bonds, $152,240 ; rentals,
$3,000 ; taxes, $19,204.26— total, $174,444.26. Deficit for year, $106,424.22. Due Evansville
and Terre Haute RR. Co., credited to income account to avoid carrying on the books of both
companies, same to be reinstated of record as soon as the E. & I. RR. Co. is in a position to
liquidate, $106,882.82. Net credit to income, $264.60 ; deficit forward, $323,785.89 ; net
deficit, June 30, 1897, $323,521.29.

Capita] stock, bonded debt, gross and net revenues, etc. , for eight years :

Cost and
ID vest-

— Capital
*•*"• Stock.

Bonded

Debt.

menta.

1890.
1891.
1892.
1893.
1894.
1895.
1896.
1897.

SSI Mile*.

.2,000,000 2,260,000 4,111,873 150.00

.2,000,000 2,281,508 4,133,419 150.00

.2,000,000 2,500,000 4,146,906 149-90

.2,000,000 2,500,000 4,184,120 149.90

.2,000,000 2,500,000 4,187,096 149.90

.2,000,000 2,500,000 1,187,434 149.90

.2,000,000 2,500,000 4,190,276 149.90

2,000,000 2,500,000 4,191,847 149.90

314,660
328,278
859,954
391,629
810,880
293,217
307,065
278,428

4,191,847

General Balance Sheet, June 30, 1897.

Construction ........ i • > . • $4,191,846 82

Materials on Hand 476 74

Cash on Hand 70,518 23

Current Accounts 13,713 45

Profit and Loss 323,521 29

Expenses Net Total
and Earn- Net
Taxes. ings. Revenue.

Interest
Charges

Total
Pay-

merits

Balance

$

$

$

$

sl

S

193,009

131,961

122,101

138,200

150384

-28,583

195,013

133,265

183,265

138,200

146,600

-13,335

204,238

155,716

164,557

145,460

153,860

+ 10,697

230,498

161,131

172,211

152,510

180,910

+ 11,301

236,182

74,748

82,487

152,510

166,026

-83,539

220,405

72,812

73,175

152,510

166,215

-93,040

237,319

69,746

70,383

152,510

155,510

-85.127

229,613

48,816

48,816

152,240

155,240

-106,424

Total Assets $4,600,076 53

Capital Stock (shares, $100) $2,000,00000

Funded Debt Outstanding 2,500,00000

Debenture Bonds 2,325' 00

Matured Interest Coupons 68,370 00

Current Accounts 23,524 86

Accrued Interest not due 5,856 67

Total Liabilities $4,600,076 53

Funded debt consisted,- June 30, 1897, of the following :

Terre Haute and Southeast. RR. (40 m.) 7 p. c. 30-yr. $1,000 bonds, due Sept. 1, 1909, int. M. & S. $251,000
1st mtge. (E. & I. RR., 55 m.) 6 p. c. 40-yr. $1,000 gold bonds, due July 1, 1924, int. Jan. and July. 653,000
1st consol. mtge. (E. & I. RR., 135 m.) 6 p. c. 40-yr. $1,000 bonds, due Jan. 1, 1926, int. Jan. & July 1,596,000
The 1st and consol. mtge. bonds are guaranteed, principal and interest, by the Evansville and Terre
Haute RR. Co., which owns the entire capital stock. Interest payable at the office of the trustee — Farmers'
Loan and Trust Co., New York, N. Y. Of the consols, $800,000 are reserved to retire prior liens.

Directors (elected Oct. 18, 1897).— W. H. Tilford, W. H. Curtiss, T. H. Wheeler, John
W. Sterling, John Hone, H. M. Tilford, New York, N. Y.; H. C. Barlow, Evansville, Ind.

H. C. BARLOW, President Evansville, Ind.

Sec. & Treas.— Gilbert S. Wright Evansville, Ind. | Auditor— T. J. Hyman Evansville, Ind.

PBINCIPAL OFFICE AND ADDRESS ; Evansville, Ind.

EVANSVILLE AND TERRE HAUTE RAILROAD COMPANY,

Main Line of Road. — Evansville, Ind., to Terre Haute, Ind 108.56 m.

Mt. Vernon Branch : Fort Branch to Mt. Vernon, Ind 36.79 m.

New Pitttburgh Branch: New Pittsburgh Jc. to New Pittsburgh, Ind. 8. 13 m.

Sullivan County Branch : Jackson Hill Jc. to Jackson Hill, Ind 6.70 m.

Star City Branch : Star City Jc. to Star City, Ind 2.25 m.

Rockville Extension (leased to T. H. & L. and the C. & E. I. RR. Cos.) 23.00 m.

Operated : Evansville Belt Ry., around Evansville, Ind 4.45 m.— 189.88 miles.

Sidings, etc,, 66.32 miles. Gauge, 4 ft. 8} in. Rail (steel, 189.58 m.), 60 Ibs.

POOR'S MANUAL — EVANSVILLE AND TEREE HAUTE RR. CO.

Ill

History. — Consolidation in March, 1853, under the name of the Evansville and Craw-
fordsville RR. Co., of the Crawfordsville and Illinois and the Terre Haute and Vineeunes RR.
Cos. Road opened Nov. 24, 1854. Present name adopted April 1, .1877. The Rockville
Extension is leased, till Nov. 1, 2078, to the Terre Haute and Logansport and the Chicago and
Eastern Illinois RR. Cos., at a yearly rental of $12,000. See also MANUAL for 1888, p. 439.

In addition to the railroad lines, as described above, this company is owner of terminal
property connecting with the Ohio River, and also owns a controlling interest in, and oper-
ates, the Evansville Belt Ry., connecting all railroads and reaching all manufacturing inter-
ests and coal mines at Evansville, Ind. Including this with the mileage owned as above,
and excluding the Rockville Extension, makes the mileage operated 166.88 miles.

The Evansville and Indianapolis RR. is operated in connection with this company's lines,
but all accounts are kept separate. (See GENERAL INDEX.) The company has a ten-year
traffic contract, made in 1890, with the Chicago and Eastern Illinois RR. Co.

Rolling Stock, June 30, 1897. — Locomotives, 55. Cars — passenger, 23 ; combination, 3 ;
baggage, mail, and express, 11 ; freight (box, 1,255 ; stock, 78 ; flat, 583 ; coal, 2,180 ; White
Line, 59 ; caboose, 14), 4,169 ; other, 66— total cars, 4,272.

Operations, year ending June 30, 1897 (166.88 m.). — See tabulated statement on page 112.

Earnings— Passenger $235,249 71

Freight 573,661 28

Mail and Express 69,526 25

Miscellaneous 124,993 03

Total ($6,012.88 per mile) $1,003,430 27

Expenses — Conducting Transportation $286,648 50

Maintenance of Equipment 102,165 53

Maintenance Way and Buildings. 121,393 13

General 45,60094

Total ($3,330.58 per mile) $555,808 10

Net earnings (44.61 p. c.), $447,622.17 ; add rentals leased road (C. & E. I. RR., $3,000 ;
T. H. & I. RR., $9,000), $12,000 ; interest on current assets, etc., $5,191.06— total, $464,-
813.23. Payments : Interest on bonds (see bond statement), $332,950 ; taxes, $52,623.93—
total, $385,573.93. Surplus for year, $79,239.30. Miscellaneous debits : Dividend (2 p. c.)on
preferred stock, $25,680 ; loss Evansville and Richmond accounts, $128,261.97 ; miscellaneous
adjustments, $3,876.78 ; Evansville and Indianapolis deficit transferred, $106,688.82 — total,
$264,507.57. Net debit to income, $185,268.27 ; surplus forward, $1,711,311.97— net sur-
plus, June 30, 1897, $1,526,043.70.

General Balance Sheet, June 30, 1897.

Cost of Road -$6, 335, 898 23

Cost of Equipment 2,491,178 16

Stocks and Bonds Owned * 2,332,906 93

Evansville and Rich. Ry. Co. Advances. 13,673 11

Evansville Belt Ry. Co. Advances 38,971 42

Cash 60,201 94

Bills Receivable 47,700 00

Due from Agents 25,581 42

Traffic Balances, etc 88,703 67

Materials and Supplies 10,741 65

Accounts in Suspense 1,547,066 90

Total Assets .$12,99V>23~l3

Common Stock $4,132,100 00

Less Undelivered*. 135, 416 67— $3,996,683 33

Preferred Stock 1,284,00000

Less Undelivered 135, 416 67— 1 , 148, 583 33

Funded Debt (see "below) 5,978,000 00

Equipment Notes, not due 86,051 75

Vouchers and Pay Rolls 121,754 45

Dividends not called for 5,774 37

Matured Interest Coupons 91,94500

Accrued Interest not due 37,787 50

Profit and Loss 1,526,043 70

Total Liabilities $12,992,623 43

•Consisting of— Evansville Belt Ry. Co. stock (par, $73,300), $95,650; E. & I. RR. Co. stock, $2,000,000;
Louisville, Evansville and St. Louis Consolidated RR. Co. 4 p. c. gen. mtge. bonds, $86,750; West Jackson
Hill Coal Mining and Trans. Co. stock, $134,956.93; other securities, $15,550— total, $2,332,906.93.

Statement of funded debt, June 30, 1897 :

M .

a

1 tC

DATE or

INTEREST.

4-1 O

" c t-

§'•3'

am

DESCRIPTION or BONDS.

^•g

es.

§g

cgTS^

|a

Issue.

Maturity.

-2
8

When
Payable.

§«
0*3

II

£TJ „

S-S

o

o

»- b

p.c.

$

$

E. & T. H. RR., Consolidated

115

June 1, 1880

July 1,1910

6

Jan. & July

30,000

1,800

E. & T. H. RR., 1st Consol..
E. & T. H. RR., Mt. Vern. Br.
E. &T.H.RR.,Sul.Co.Co'lBr
E. A T. H. RR., 1st General.

144
25
30
199

July 30, 1881
April 1, 1883
April 1, 1890
April 1, 1892

July 1,1921
April 1, 192S
April 1, 1930
April 1, 1942

6
6
5
5

Jan. & July
Apr. & Oct.
Apr. & Oct.
Apr. & Oct.

1,000
1,000
1,000
1,000

3,000,000
375,000
450,000
2,123,000

180,000
22,500
22,500
106.150

Total

5,978,000

332,950

The authorized issue of consol. 1st mtgc. 'bonds of 1910 was $1,500,000, but $1,470,000 of them were
cancelled in 1881.

The 1st mtge. bonds are secured on the main line, the Rockville Extension, and 12 m. of the Mt. Vernon

112

POOR'S MANUAL — CENTRAL NORTHERN GROUP.

Branch, from Fort Branch to Cynthiana, and on all the property, equipment, and fixtures belonging to those
lines. They are $1,000 gold coup, bonds.

The Mount Vcrnon Branch bonds are secured on the extension from Cynthiana to Mount Vernon, 25
miles. These bonds are limited in issue to $15,000 per mile, but the deed of trust provides that in case of
the building or acquisition by the E. & T. H. RB. Co. of any extension to said branch, or the building or
acquisition of any branch to the main track of the Eyansville and Terre Haute RR., additional bonds may be
issued under this mtge. to the amount of not exceeding $15,000 per mile. The bonds are in coup, form for
$1,000 each.

The Sullivan Co. Coal Branch bonds are secured on the branches to New Pittsburgh and Old Pitts-
burgh, together 30 m., and on all property, equipment, and fixtures belonging to those branches, and on th*
extensions of the Sullivan County Coal Branch, building or to be built. They are $1,000 gold coup, bonds.
Only green bonds are a delivery.

The 1st general mtge. bonds are part of an authorized issue of $7,000,000. Of this amount, $3,855,000
are reserved to retire prior bonds at maturity, and the balance is to be used for retiring the floating debt, for
double tracking, etc., and for other corporate purposes of the company. They are for $1,000 gold each, in
coup, form, with privilege of registration as to principal.

In addition to the above funded debt, this company guarantees the principal and interest of the $2,500,-
000 bonds of the Eyansville and Indianapolis RR. Co.

The complication arising out of the guarantee by this company of the principal and interest of the
Evansville and Richmond bonds, referred to in the MANTJH. for 1895, has been substantially adjusted. This
company has increased its capital stock by $1,284,000, and that stock has been issued in exchange for Evans-
ville and Richmond bonds at the rate of 85 p. c. of the principal and 100 p. c. of the interest accrued thereon
to Jan. 1, 1895, and the holders of this stock have exchanged it at par for non-voting preferred stock, such
preferred stock being entitled to non-cumulative dividends of not -exceeding 5 p. c. per annum. That is to
say that in exchange for every $1,000 bond of the E. & R., with interest from March 1, 1894 to Jan. 1, 1895,
this company has issued $916.66 in preferred stock. To Jan. 1, 1898, all but nine of the E. & R. bonds had
been received in exchange for stock, and disposed of, relieving this company of all liability thereunder.

Interest payable at the office of the Farmers' Loan and Trust Co., New York, N. T.
Trustees of bonds : Farmers' Loan and Trust Co., New York, N. Y., and George P. Heilman,
Eyansville, Ind.

Statement of operations, capital account, etc., for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Road Operated . . .
Passenger Train Miles ....
Freight Train Miles

157.50
800,078
311,031
263,413
8,770,777
828,205
60,249,977

970,552
467,072

166.04
295,752
330,199
284,335
9,561,724
1,042,167
71,188,709
I
1,102,630
575,094

165.48
288,663
823,497
312,464
11,045,884
1,108,619
76,170,551
$
1,225,413
576,421

165.48
328,042
350,060
357,615
14,479,090
1,194,084
71,774,840
$
1,285,673
638,964

163.73
291,386
276,894
373,999
17,628,270
949,688
55,822,840

1,159,937

167.73
298,832
285,369
289,774
11,721,859
947,538
58,548,159
$
1,038,273
587,188

107.73
303,813
333,022
313,417
12,841,346
1,039,242
64,224,412

1,122,797
642,442

166.88
311,725
300,389
241,301
11,455,961
942,330
59,869,714
9
1,003,430
555,808

Freight (tons) Moved

Freight (ton) Miles

Operating Expenses

644,521

503,481
51,855

527,536
44,056

648,992
1,600,233

646,708
46,652

515,416
13,158

451,085
13,170

480,355
15,104

447,622
17,191

Available Revenue

555,336

234,323
(5) 150,000
171,013

5,358 93
2,569 05
2,789 37
48. 13 p. c.
2.71 c.
1.01 c.

180.50

221.50
156.00
43
27

2,407

3,000,000
3,405,000
1,782,012
3,234,952

571,592

254,026

<5J)165,000
152,566

6,859 71
3,577 79
3,281 92
58.15 p. c.
2.64 c.
0.99 c.

183.74
235.08
143:64
48
32
2,989

$

3,000,000
3,855,000
2,002.354
. 3,387,518

2,249,225

777,157
(6) 180,000
1,292,068

7,405 20
3,483 32
3,921 88
47.04 p. c.
2.64 c.
1.01 c.

183.18
225.73
143.64
51
37
4,440
$
3,000,000
5,005,000
1,959,071
4,679,587

693,360

334,288
(10)300,000
59,072

7,769 35
3,861 28
3,908 07
49.70 p. c.
2.23 c.
1.07 c.

183.18
226.48
175.05
57
42
4,516
$
3,000,000
5,367,000
1,357.080
4,738,659

528,574

399,147
(«i) 75,000
54,427

7,009 53
3,89485
3,114 68
54. 94 p. c.
2.04 c.
1.11 c.

185.43
236.63
181.25
55
39
4,543
$
3,996,683
5,895,000
691,494
1,681,461

464,255
385,122

495,459
384,694

464,813

385,574
(*) 25,680
53,559

6,012 88
3,330 58
2,68230
55.39 p. c.
2.05 c.
0.96 c.

185.43
25t.75
189.58
55
37
4,169

5,145,267
5,978,000
343,312
1,526,044

Interest Taxes, etc

79,133

6,221 67
3,518 6«
2,703 05
55.85 p. c.
2.21 c.
1.03 c.

185.43

238.13
182.72
55
40
4,410
$
5,280,683
5,978,000
460,603
1,760,594

110,766

C.,648 49
3,80402
2.84447
•5.46 p. c.
2.10c.
1.03c.

irs.43

248.65
181.25
55
39
4.262
S
5,280,638
5,978,000
369,404
1,711,312

Gross Earnings per Mile. . . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile. . .
Av. Rate p. Ton p. Mile. ..

Miles of Road Owned
Miles of Track Owned
Miles of Steel Rail

Passenger Train Cars

Freight Train Cars

Funded Debt

Bills, Accounts, etc

Surplus Income

Total Liabilities

11,421,964

7,206,608
2,463,400
28,780
1,723,176

12,244,872

7,673,349
2,901,254
24,430
1,645,839

14,643,658

8,440,190
4,666,061
30,827
1,506,580

14,462,739

8,830,549
4,485,342
166,229
980,618

12,264,638

8,836,235
2,362,35?
45,177
1,020,869

13,479,880

8,857,796
3,644,357
33,200
944,528

13,339,399

8.802,607
3,617,007
32,942
886,843

12,992,623

8,827,076
2,332,907
10,742
1,821,898

Construction and Outfit. . . .
Other Investments

Fuel and Materials.

Accounts and Cash

Total Assets

11,421,964

12,244,872

14,643,658

14,462,739

12,264,638

13,479,880

13.330,399

12,992,623

* 2 p. c. on preferred ttock.

POORS MANUAL OF RAILROADS.

113

K vnns ville Belt Ry.— Around Evansville, Ind.,
4.45 miles. Gauge, 4 ft. 8} in. Rail (steel), 60 Ibs.
Chartered May 6. 1881; operated by the E. & T. H.
RR. Co. Income Account, year ending June 30. 1897.
—Rental, $ 1.103; other receipts. $8,244— total, $9.348.
Expenses and taxes, $8,826. Surplus, $521. Finan-

cial Statement, June 30, 1897.— Capital stock.-$100,-
000; unfunded debt, $60.971; income balance, $34,017
—total, representing cost of road, etc., $194,988. H.
C. Barlow, Pres.; Gilbert S. Wright, Sec. & Treas.,
Evansville, Ind. General Office, Evansville, Ind.

Board of Directors, Evansmtte and Terre Haute RR. Co., elected Oct. 18, 1897.

W. H. Tilford New York, N. Y.

H. M. Tilford " "

H. C. Barlow Evansville, Ind.

Edward N. Gibbs. .New York, N. Y.
Jno. W. Sterling.. .
John Hone

W. H. Goadby New York, N. Y.

Henry Sanger Snow. Brooklyn, N. Y.
Fred. Roosevelt. . .New York, N. Y.

H. C. BARLOW, President Evausville, Ind.

Sec. <fc Treas.— Gilbert S. Wright Evansville, Ind. | Auditor— T. 3. Hyman Evansville, Ind.

PRINCIPAL OFFICE AND ADDRESS Evansville, Ind.

Financial Agency Farmers' Loan and Trust Co., New York, N. Y.

GREEN BAY AND WESTERN RAILROAD COMPANY.

Main Line of Road. — Green Bay to East Winona, Wis 212.5 miles.

La Crosse Branch : Onalaska to La Crosse, Wis , 6.5 m.

Stevens Point Branch : Plover to Steven's Point, Wis 6.0 m. — 12.5 "

Total length of all lines owned and operated June 30, 1897 . 225.0 miles.

Sidings, etc., 22.7 miles. Gauge, 4 ft. 8J- in. Rail (steel, 221.7 m.) 56, 60, and 72 Ibs.

History. — Organized June 5, 1896, as successor to the Green Bay, WSnona and St. Paul
RR. Co., whose property was sold under foreclosure on June 1, 1896, in pursuance of the
plan of reorganization outlined in the MANUAL for 1896, page 1509. The new company
assumed possession on June 10, 1896. It has an interest in a lease of the bridge crossing
the Mississippi River from Eastmoor to Winona, which gives it an entrance into the city of
Winona, Minn. For history of the old company, see MANUALS for 1888 and 1895.

Rolling Stock, June 30, 1897. — Locomotives, 23. Cars —passenger, 13 ; baggage, etc.,
7; freight (box, 229 ; flat, 57; coal, 10; caboose, 12), 308 ; other, 18— total, 346.

Operations, year ending June 30, 1897. — See eight-year tabulated statement below.

Earnings— Passenger $81,011 59 Expenses— Conducting Transportation $161,115 17

Freight 311,68853 Maintenance of Equipment 45,212-23

Mail ami Express 23,05725 Maintenance Way and Buildings. 111,70915

Miscellaneous 4,379 44 General 24,15513

Total ($1,867.27 per mile) $420,136 81 Total ($1,520.85 per mile) $342,191 68

Net earnings (18.55 p. c.), $77,945.13. Payments: Real estate, $3,500; taxes, $2,736.62 ;
other payments, $65,909.28— total, $72,145.90. Surplus, $5,799.23 ; surplus forward, $5,-
055.33— total, $10,854.56.

Statement of mileage, operations, etc., for eight fiscal years :

1890 1891 1892 1893 1894 1895 1896

1897

Miles of RR. Owned . . .

Miles Track Owned

Miles RR. Operated....
Passenger Train Miles
Freight Train Miles....
Total Engine Mileage..
Passengers Carried. .

Passenger Mileage

Tone Freight Moved. . .
Tonnage Mileage

Earnings— Passenger. . .
Freight . . . .
Other...

215.80
232.30
249. SO
262,950
157.150
507,260
113.811
3,022,446
149,524
14,407,969
.$
86,960
221,679
21,680

215.80
233.00
226.40
266,350
168,020
554,110
147,539
3,777,311
259,578
26,117,297
$

96,970
292,814
21,552

218.80
236.00
224.80
326,626
203,166
v 651,192
151,810
3,612,102
278,404
28,845,492

$

101,312

~ 322.822

25,053

218.80
239.50
2S4.80
301,642
240,955
655,012
148,757
3,525,772
308,329
34,240,000

96,192

356,344

29,398

Gross Earnings

Operating Expenses

Net Earnings

Gross Earnings per Mile. . .
Operating Expenses per M

Net Earningsj>er Mile

Expenses to Earnings

Aver. Rate p. Pass. p. Mile
Aver. Rate p. Ton p. Mile.

330.319
267,571

411,336
374,003

449,18'
403,075

481,934
375,515

62,748

1,32339
1,07200
25139
81. 01 p. c.
2.88 c.
1.52 c.

37,334

1,816 85

1,65195

16490

90. 93 p. c.

2.56 c.

46,112

1,99816

1,79303

20513

89.73 p. c.

2.80 c.

106,419

' 2,14384

1,670 44

47340

77. 92 p. c.
2.73 c.
1.04 c.

118.80
239.50
225.00
220,252
215,660
550,532
137,628
3,165,451
261.229
28,897,970
$

85,46'

285,011

24,482

218.80
239.50
225.00
220,230
172,332
500,587
123,614
8,127,925
262,55?
28,358,927

79,612

274,473

32,775

224.80
245.50
225.00
227,680
182,220
485,480
119,397
3,100,639
256,732
29,444,364
$

75,291
298,226
28,110

225.00
247.70
225.00
262.690
161,200
521,680
109,282
2,906,292
291,609
28,343,445
$

81,012
311,689
27,436

394,960
335,101

386,860
334,741

401,627
310,987

420,137
342,192

59,859

1,75538
1,48934
26604
84 84 p. c.
2.70 c.
0.98 c.

52,119

1,71988
1,487 74
23164
6. 53 p. c.
2.55 c.
0.97C.

90,639

1,78500

1,381 27

40373

1,86727

1,52085

34642

77. 44 p. c. 82. 09 p. c.
2.42 c. 2.78c.
1.01 c. 1.09 c.

114 POOR'S MANUAL — CENTRAL NORTHERN GROUP.

General Balance Sheet, June 30, 1897.

Coet of Road $9,954,000 00

Cost of Rolling Stock 122,000 00

Materials and Supplies 14,106 66

Cash 105,351 18

Current Accounts 26,727 22

Total Assets $10,222,185 06

Capital Stock (shares, $100) $2,500,000 00

"A" Debentures 600,00000

" B " Debentures 7,000,000 00

Current Accounts 28,205 33

Pay Rolls (June, 1897) 17,575 17

Reorganization Committee Loan 65,55000

Profit and Loss 10,854 56

Total Liabilities $10,222,185 06

uiQiiiuuicu yt \j rt»M» LU LJ iiviucis ui me u ueueiiLuies. ^111 LJI vuvn imume pa.yiiieiiLS tu u

cumulative. It is provided that no mortgage shall be placed upon the railroad and property, nor the same
be leased or sold, without the consent of the holders of 75 p. c. of the capital stock outstanding; and in case

A aeoemures ana me siocKiiuiuers inu miu, anu any surpi remaining auer payment 01 me lace value
of the said class " A " debentures and the par of said stock shall be distributed pro rata to and among the

holders of thp class " B " debentures.

Directors (elected March 11, 1897).— S. S. Palmer, Princeton, N. J.; William Jay Hunt,
C. Ledyard Blair, New York, N. Y.; J. A. Jordan, Green Bay, Wis. ; Mark T. Cox, Morris-
town, N. J.

S. S. PALMER, President 40 Wall St., New York, N. Y.

J. A. Jordan, Vice- President and Gen. Manager Green Bay, Wis.

Sec. & Treas.— Mark T. Cox, 40 Wall St., New York, N.Y. | Gen. Aud.—J. C. Thurman Green Bay, Wig.

PRINCIPAL OFFICE AND ADDRESS s Green Bay, Wis.

INDIANA, ILLINOIS AND IOWA RAILROAD COMPANY.

Line of Road.— South Bend, Ind., to Streator, 111 151.78 miles.

Sidings, etc., 38.0 miles. Gauge, 4 ft. 8£ in. Rail (steel, 171.88 in.), 60 Ibs.

History.— Organized, Dec. 27, 1881, by consolidation of the Indiana, Illinois and Iowa
RR. Co. of Indiana, the Indiana, Illinois and Iowa RR. Co. of Illinois, and the Indiana, Illi-
nois and Iowa RR. Co. of Iowa. The Indiana, Illinois and Iowa Ry. Co. of Indiana was
organized in March, 1893, and completed in Nov., 1894, the extension f rom Knox to South
Bend, Ind., a distance of 34.55 m., which is operated by this company under a 99-year contract.
(See MANUAL for 1896, page 131, for further details.)

After the completion of the South Bend extension the company abandoned the use of
the Chicago and West Michigan and Chicago and Eastern Illinois RRs. between Wheatfield,
Ind., and Buffalo, Mich. The use of the Kankakee and Seneca Line was afterwards aban-
doned and in January, 1896, the Wabash entrance into Streator was also dispensed with, the
company having purchased its own terminals at that point.

Rolling Stock, June 30, 1897.— Locomotives, 25. Cars— passenger, 7 ; baggage, etc., 3 ;
freight (box, 7 ; flat, 62 ; coal, 145 ; caboose, 18), 232 ; other, 3— total cars, 245.

Operations, year ending June 30, 1897 (average, 155.44 miles).— Train mileage— pas-
senger, 113,019 ; freight, 378,007 ; other, 226,210— total, 717,236 miles. Passengers carried,
83,020; carried one mile, 1,765,068; average mile rate, 2.22 cents. Tons freight moved,
767,760 ; moved one mile, 81,885,975 ; average ton-mile rate, 0.82 cent.

Earnings— Passenger $39,312 65

Freight 672,031 81

Mail and Express 22,607 16

Miscellaneous 4,307 43

Total ($4,749.79 per mile) $738,259 05

Expenses— Conducting Transportation $304,528 53

Maintenance of Equipment 59,580 15

Maintenance Way and Bldgs. . . . 135,968 52
General 43,134 32

Total ($3,559.00 per mile) $543,211 52

Net earnings (26.42 p. c.), $195,047.53; other receipts, $30— total, $195,077.53. Payments
Interest on bonds, $75,300 ; rentals, $463.98 ; taxes, $32,634.43— total, $108,398.41. Surplus
$86,679.12 ; surplus forward ($556,959.48 j plus additipqs for year, $46.89), $557,006.37—
total, $643,685,49.

POORS MANUAL OF RAILROADS.

115

Capital stock, bonded debt, gross and net revenues, etc., for eight years!

v-.. Capital
years- Stock.

Bonded
Debt.

Cost and
Invest-
ments.

RR.
Oper-
ated.

®™* Expense!
••»- Waxes.

Net
Earn-
ings.

Interest
Paid.

Other
Pay-
ments.

Total
Pay-
ments.

Balance

S

|

g

Miles.

S

$

S

I

ft

$

S

1890.

.3,597,800

1,298,419

1,751,883

169.09

326.887

266,405

60,482

53,530

81,587

135,117

—74,634

1891.

.3,597.800

1,327,446

5,052,009

170.79

446,332

355,857

90,475

49,537

35,180

84,717

+ 5,758

1892.

.3,597,800

1,408,513

5.158,452

170.79

601,306

450,656

150,650

42,000

17,765

59,765

+90,885

1893.

.3,597,800

1,421,312

5,252,624

209.09

782,880

618,227

164,653

50,300

15,833

66,134

+98,520

1894.

.3,597.800

1,393,713

5,223,967

209.02

752.95O

633,777

119,173

50,300

26,656

76,956

+42,217

1895.

.3,597,800

1,884,368

5,758,051

211.93

739,618

587.201

152,417

63,842

13,334

77,176

+ 75,241

189f

.3,597,800

1,856,661

5,891,805

158.61

786,131

583,976

202,155

75,300

1,140

76,440

+ 125,715

1897'.

.3,597,800

1,832,741

5,970,520

155.44

738,289

575,846

162,443

75,300

464

75,764

+ 86,679

Financial Statement, June 30, 1897.— Capital stock (auth., $14,000,000 ; shares, $100),
$3,597,800 ; funded debt (see below), $1,832,741.30 ; current accounts, $75,904.08 ; accrued
interest and taxes not yet payable, $15,574.99 ; profit and loss, $643,685.49— total, $6,165,-
705.86. Contra; Cost of road, etc., $5,514,857.41 ; rolling stock, $411,586.72; stocks and
bonds owned, $44,076.01 ; materials and fuel, $50,627.50 ; bills receivable, $45,346.91 ; ac-
counts, $36,396.39 ; cas'.i, $62,914.92— total, $6,165,705.86.

Funded debt (total, $1,832,741.30) consisted, June 30, 1897, of tbe following issues :

1st mtge. 4 p. c. 50-yr. $1,000 gold bonds, due Dec. 1, 1939, interest June and Dec $800,000 00

1st mtge. exten. 5 p. c. 50-yr. $1,000 gold bonds, due March 1, 1943, interest March 1 and Sept. 1.. 500,000 00
1st income mtge. 4 p. c. SO-yr. $500 reg. bonds, due Dec. 1, 1939, int. April and Oct. (if earned).. 250,000 00
2d income mtge. 4 p. c. 50-yr. $500 reg. bonds, due Dec. 1, 1939, int. April and Oct. (if earned) . . . 250,000 00

Equipment notes of various dates 32,741 30

The 1st mtge. 'bonds are secured on the line from Streator Junct., 111., to Knox, Ind., 117.15 miles.
They are in coupon form with privilege of registration, and are " redeemable by the company at any time,
at its option, after 30 days of such intention being published in a daily paper of general circulation published
in the city of New York." The 1st mtge. extension bond's are redeemable at 105. They are secured by 1st
mtge. on the line of the Indiana, Illinois and Iowa Ry. Co., of Indiana, from Knox to South Bend, Ind., 34.55
miles, and by a consolidated lien on the main line, subject only to existing mortgages. For further descrip-
tion of this issue see MANUAL for 1896, page 131. Interest on bonds payable at the office of the trustee,
Metropolitan Trust Co., New York, N. Y.

Directors (elected Jan., 1898).— F. M. Drake, Centervffle, la.; T. P. Shonts, Jno. A.
Drake, John W. Gates, J. S. Bartle, Chicago, HI.; Geo. H. Holt, F. W. Lockwood, New
York, N. Y.

F. M. DRAKE, President Centerville, la.

Geo. H. Holt, Vice-Prerident New York, N. Y.

Gen. Manager— T. P. Shouts Chicago, m. | Sec. <k Treat.— Jno. A. Drake Chicago, m.

PRINCIPAL OFFICE AND ADDRESS Chicago, I1L

THE OHIO SOUTHERN RAILROAD.

Main Line of Road.— Lima, O., to Wellston, 0 185.98 m.

Branches to Coal Mines 79.65 m. — 265.63 miles.

Sidings, 34.84 miles. Gauge, 4 ft. 9 in. Rail— iron, 30 and 56 Ibs. ; steel (287.14 m.) 60 Ibs.

History. — Organized July 21, 1881, as successor to the Springfield Southern RR. Co.
(See MANUAL for 1891, page 819.) The extension from Springfield to Lima, 67 m., as also a
branch from Wellston to Lincoln Coal Fields, 9 m., were opened Dec. 28, 1893. The com-
pany having become financially embarrassed, receivers were appointed May 8, 1895. There
are now outstanding $623,000 receivers' certificates, of which $59,000, dated Aug. 27, 1895,
were issued to pay coupons ; $365,000, dated Feb. 23, 1897, were issued to pay back wages,
car trust and general obligations ; $106,000, dated Oct. 22, 1897, were issued to take up car
trust obligations, and $93,000, dated Jan., 1898, were issued for payment of taxes. All of
these certificates carry a lien prior to the 1st mortgage. The certificates issued in Jan., 1898,
bear 5 p. c. interest, while those issued previously bear 6 p. c.

Rolling Stock, June 30, 1897. — Locomotives, 38. Cars — passenger, 15; baggage, etc.,
3; freight (box, 1,216; flat, 122; coal, 3,556; caboose, 19), 4,913; other, 15— total, 4,946.
Of this equipment, 8 locomotives, 739 box, and 2,050 coal cars are held under car trusts.

Operations, year ending June 30, 1897. — See tabulated statement on page 116.

Earnings— Passenger $61,60390

Freight 464,22249

Mail and Express 22,32476

Miscellaneous 88,372 03

Total ($3,396.09 per mile) $636,523 18

Expenses— Conducting Transportation $271,193 46

Maintenance of Equipment 67,144 20

Maintenance Way and Buildings. 102,869 99
General 31,25305

Total ($1,779.69 p«r mile) $472,460 70

116

POORS MANUAL — CENTRAL NORTHERN GROUP.

Net earnings (25.77 p. c.), $164,062.48; other receipts, $209.47— total, $164,271.95.
Payments : Interest on bonds, $346,359.96 ; on debt, $57,415.42 ; taxes, $43.39 ; receivers'
expenses, $1,615.13 ; profit and loss, $61,465.60— total, $466,899.50. Deficit, $302,627.55 ;
surplus forward, $567,902.46; net surplus, $265,274.91.

Statement of mileage, operations, and capital account for eight fiscal years :

1890

Dec. 31.

1891

June 30.

1892

Dec. 81.

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30

Milesof KR. Operated (Av.)
Passenger Tram M lies
Freight Train Miles

140
126,990
384,870

140

136,098
418,149

142

154,273
558,526

142
153,170
300,906

188.92
197,893
199,902

263.14
233,763

384,034

265.63
242,478
416,579

260.63
2-29,167
363,445

Total Engine Mileage
Passengers Carried

596,440
171,573

661,156
183,322

713,679
123,771

454,076
129,562

571,891
117502

905,117
310,565

814,400
249,111

788,369
132,471

Passenger Miles

2,445,914

2,550,597

3,798,182

4,277,778

4,662,432

4,440,556

4,749,730

3,546,787

Freight (tone) Moved. ....
Freight (ton) Miles

778,950
64,864.033

889,203
76,948,719

937,613
83,964,447

954,930
83 578,910

645,133
67,093 83'^

1,056,109
101,686 486

1,104,606
122,424,238

930,194
92,035,404

Gross Receipts

s

554,390

8

568,503

$

711,541

$
758,857

$
634,728

S
784,730

$
816,238

$
636,732

Oper. Expenses and Taxes.

291.685

289,567

349.492

350,511

317,128

455,800

519,068

472,504

Net Earnings. ..',

262,705

278,936

362,049

408,346

317,600

328,930

297,170

164 229

Payments, Interest

226,800

226,800

226,800

233,684

289,508

340,559

365,994

403 775

Miscellaneous

824

1,170

2,125

63 081

Total Payments.

227,624

227 970

226 800

233684

289 508

340 559

368 119

466 856

Balance ( + or — )

+ 35,081

+ 50,966

+ 135,249

+ 174,662

+ 28,092

— 11 629

— 70,950

302 627

Gross Earnings per Mile...
Gross Expenses per Mile. .
Net Earnings per Mile
Expenses to Earnings
AT. Rate p. Pass. p. Mile...
AT. Rate p. Ton p. Mile. . .

Miles of Railroad Owned..
Locomotives

3,959 93
1,944 10
2,015 83
53 p. c.
2.47 c.
0.74 c.

140.00
25

4,060 74
1,932 32
2,128 42
51 p. c.
2.42 c.
O.C4 c.

140.00
25

5,010 86
2,461 21
2,549 65
49 p. c.
1.96 C.
0.68 c.

142.00
33

5,336 86
2,468 38
2,868 48
46 p. c.
1.80 c.
0:69 C.

142.00
31

3,400 00
1,551 88
1,848 12
46.39 p. c.
1.78 c.
0.62 c.

243.91
30

2,982 18
1,732 1C
1,250 02
58.09 p. c.
1.99 c.
0.57 c.

263.14
32

3,063 58
1,955 10
1,108 48
63.60 p. c.
1.75 c.
0.49 c.

265.63
38

2,396 09
1,779 69
616 40
74.23 p. c.
1.73 c.
0.50 c.

265.63
38

Passenger and Bag. Cars. .
Freight and Other Cars. . . .

Capital Stock

10

2,115
$

3,840,000

10

2,115
$

3,840,000

19
6,270
$

3,840,000

' 18
5,985

S

3 840000

18
6,182
S

3 840 000

18

5,867
S
3,840 000

19
5,624
$
3 840 000

18
4,928
$
3 840 000

Bonded Debt

4,620,000

4,620,000

4,935,000

5,463,000

5,961,000

6,466,000

6,697 000

6'6()7'000

Bills and Accounts. . . .

93,097

81,626

285,071

737,763

730 900

701 836

730 132

1 229 695

Other Liabilities

305,000

280,000

1,410259

1,300 910

1 125099

937 312

Profit and Loss

440,588

439,613

136,310

691,049

719,141

678,507

567,902

265.275

Total Liabilities

8,993,685

8,991,249

10,000,381

11,011,812

12 661,301

12 987 253

12,960,134

12,969,282

Road and Equipment
Other Investments

8,676,479
151,260

8,703,438
130 360

9,488,627
287 200

10,395,302
286 000

12,408,928

12,632,454
182000

12,746,783

12,749,732

Materials, etc

21,908

24,679

32,096

30,118

20394

18 831

32,589

24,226

Bills, Accounts, and Aisets
Cash

60,948
83,090

36,881
95,891

105,169
87,289

96,634
213,758

70,073
161,906

| 153,968

155,827
24,935

168,952
26,372

Total Assets

8993 685

8 991 249

10000 381

11 Oil 812

12 661 301

12 987 253

12,960,134

12,969,282

General Balance Sheet, June 30, 1897.

Cost of Road $10,062,195 87

Cost of Equipment 2,687,536 19

Supplies, Fuel on Hand 24,226 25

Current Accounts 164,904 32

Cash on Hand 26,372 46

Claims, not yet due from other Roads... . 4,046 97

Capital Stock (auth., $8,000,000; par,

$100)

Funded Debt Outstanding

Equipment Trust Obligations

Bills Payable

Accrued Interest not yet Payable

Current Accounts

Donations Account Extensions

Switch Key Account

Mileage Suspense Account

Profit and Loss

$3,840,000 00

6,697,000 00

856,342 68

13,520 70

38,106 66

1,200,675 39

42,862 41

1,093 45

14,405 86

265,274 91

Total Assets , $12,969,28206 Total Liabilities $12,969,282 06

Funded debt ($6,697,000) consisted, June 30, 1897, of the following :
1st mtge. 6 p. c. 40-yr. $1,000 gold coup, bonds, due June 1, 1921, interest June and Dec....... .... .$3,924,000

Gen. mtge. 4 p. c. 30-yr. $1,000 coup, bonds, due May 1, 1921, interest May and Nov 2,773,000

The authorized amount of 1st mtge. "bonds is $4,000,000, being at the rate of $15,000 per mile of road.
Bonds numbered 1 to 1,920 were issued in the reorganization; Nos. 1,921 to 2,100 on the extension to Wellston,
" with additional branches and extensions to mines, 12 m. in all." The remaining bonds were issued to
provide the means for building the Lima Extension, 67 m. ; the extension from Wellston to the Lincoln Coal
Fields, 9.25 m., and for other purposes. Interest due June 1, 1896, was paid in Sept., 1896, but the Dec. 1,
1896 and subsequent coupons are in default. Committee: W. A. Read (Chairman), Simon Borg, Henry
Sanford, Edwin S. Hooley, Thomas Denny, New York, N. Y.

POOR'S MANUAL OF RAILROADS. 117

The gen. mtge. bonds are secured on all the corporate property, equipment, rights, and franchises ot
the company, but subject to the lien of the 1st mtge. Of these bonds a sufficient amount ($309,000) was
used for the retirement <?f the 2d mtge. incomes (all of which have been retired), to provide for matured
car trust obligations, and for other purposes of the company. Interest in default since Nov., 1895. Com-
mittee: James D. Smith (Chairman), John I. Waterbury, Jules S. Bache, R. C. Hawkins, W. G. Wiley, E.
L. Oppenheim, New York, N. Y. Depositary: Manhattan Trust Co., New York, N. Y.

Directors. — Stephen D. Bayer, Daniel O'Dell, Archibald H. Smith, E. L. Oppenheim,
New York, N. Y.; H. L. Chapman, Jackson, O.; Jas. B. Townsend, W. B. Richie, C. H.
Roser, Lima, O.; E. R. Thomas, Columbus, O.

N. E. MATTHEWS,

P.P. GRAF,

EDWARD R. THOMAS, President Columbus, O.

Asst.Sec.&Asst.Treas.— G.A.Morrison,NewYork,N.T. | Auditor— F. Seymour Lima, O.

PRINCIPAL OFFICE AND ADDRESS Springfield, O.

PEORIA, DECATUR AND EVANSVILLE RAILWAY COMPANY.

f T> «^ . f Pekin, 111., to Decatur, 111 ...... ........ 67.38 miles.

Mam Line of Koad : j Herve'y Cit'y n] to E;ansville Ind .............. 160 23

Chicago Divisions : Sidell, 111., to West Liberty, 111 .......................... 76.89

New Harmony Branch : Stewartsville, Ind., to New Harmony, Ind ........... 6.29

Owned jointly: Terre Haute & Indianap's RR. : Decatur, 111., to Hervey City, 111. 7.52
TW t-o $ Peoria and Pekin Union Ry.: Pekin, 111., to Peoria, 111 .......... 9.21

Kage : | Illinois Central RR.: Through Decatur, 111 ...................... 2.65

Total length of lines owned and operated Dec. 31, 1897 .................... 330.16 miles.

Sidings (owned), 43.26 miles. Gauge, 4 ft. 8i in. Rail (steel, 250.05 m.), 52 to 70 Ibs. Mile-.
age of sidings and of steel rail includes joint track.

History. — Consolidation, Nov. 17, 1879, of the Pekin, Lincoln and Decatur Ry. Co. and
the Decatur, Sullivan and Mattoon RR. Co. (See MANUAL for 1886, p. 235.) The Peoria
and Pekiu Union Ry. , one-quarter (f 250, 000) of whose capital stock is owned by this com-
pany, is used under a contract to endure for 50 years from Feb. 1, 1881, at a monthly rental
of $1,875 and proportion of supplies and track repairs. In Aug., 1893, the Chicago and Ohio
River RR. Co., owning the line from Sidell to West Liberty, 111., was consolidated with this
company. (See MANUAL for 1894, page 929.)

As stated in the MANUAL for 1897, p. Ill, the road was placed in the hands of receivers
on Jan. 13, 1894, and subsequently committees were appointed to represent the various
interests in the property. Foreclosure proceedings were commenced under the 2d mtge. in
June, 1895, and in March, 1897, a decree of sale was entered. A plan of reorganization, pre-
pared by the 2d mtge. bondholders' committee, was issued May 9, 1897, and assented to by a
majority of the 2d mtge. bonds and by small amounts of 1st mtge. bonds and of stock, but re-
jected by first mtge. bonds generally. On July 8, 1897, suit was brought for the foreclosure of
the Peoria Division 1st mtge. and for the appointment of a receiver, and on July 26, 1897, a
similar suit was brought under the Evansville Division 1st mtge. In both cases the Court
entered orders extending the existing receivership to cover the new bills and directing the
receiver to keep a separate account for each division. Under date of Oct. 1, 1897, the 1st
mtge. bondholders' committee submitted a plan of reorganization which has been assented to
by a large majority of the 1st mtge. bonds. Up to April 27, 1898, no agreement had been
reached looking to a settlement of the differences between the committees.

Rolling Stock, Dec. 31, 1897. — Locomotives, 32. Cars — passenger, 20; combination, 3 ;
baggage, etc., 3; officers', 1 ; freight (box, 751; flat, 131 ; stock, 51 ; coal, 274; caboose, 12),
1,219 ; service cars, 139 — total cars, 1,335. Four of the passenger cars are held under equip-
ment trust.

Ojierations, year ending Dec. 31, 1897. — Train mileage — passenger, 352,683 ; freight,
406,955 ; mixed, 94,025 ; switching, 167,398— total, 1,021,061. Passengers carried, 319,057;

POOR'S MANUAL — CENTRAL NORTHERN GROUP.

carried one mile, 7,922,134 ; average mile rate, 2.43 cents. Tons freight moved, 683,062 ;
moved one mile, 54,649,560 ; average ton-mile rate, 1.14 cents.

1806

EARNINGS. 1897

Passenger $192,389 81 $201,404 28

Freight 625,635 42

Mail 26,785 51

Express 19,26000

Miscellaneous 37,604 51

575,688 62
36,771 09
19,320 00
40,870 43

Totals $901,675 25

Earnings per Mile 2,731 00

EXPENSES.

1897

1896

Maintenance of Way & Bldgs. .$215.171 97 $142,667 70

Maintenance of Equipment.... 100,72129 83,50T 38

Conducting Transportation 358,628 27 333,964 93

General Expenses 43,572 65 48,956 32

$864,05442 Totals $718,09418 $609,09633

2,617 01 Expenses per Mile 2,174 99 1,844 85

Net earnings, 1897 (20.36 p. c.), $183,581.07 ; add Peoria and Pekin Union Ry. Co. divi-
dend, $15,000 — total income, $198,581.07. Payments: Interest on 1st mtge. bonds and scrip,
$164,904.26 ; on debt, $3,720.07 ; trackage rentals, $30,140.04 ; taxes, $59,257.67— total,
$258,022.04. Deficit, $59,440.97 ; surplus forward, $32,630.53 ; net deficit, $26,810.44.

The ownership of the stock of the Peoria and Pekin Union Ry. is being litigated. The
stock is pledged with the Evansville aud Terre Haute RR. Co. as security for a loan, and that
company claims ownership of it and has asked the Court to adjudicate concerning the title.
If the decision is in favor of the Evansville and Terre Haute the dividend credited to earn-
ings and income will not be available.

General Balance Sheet, Dec. 31, 1897.

Cost Of Road $14,061,554 02

Cost of Equipment 729,039 28

Securities Owned (see below) 848,584 56

Supplies on Hand

Current Accounts ,

Cash on Hand

Profit and Loss— P. D. & E. Ry
Receiver

22,037 70
130,736 27

35,864 72
831,765 85

26,810 44

Total Assets $16,686,392 84

Capital Stock (shares, $100) i MHH.....>

Funded Debt (see below)

Interest on Funded Debt

* 2d Mtpc. B'ds, Main Line.. $437, 000 00
t 1st Mtge. B'ds and Scrip,

Chic. Div 20,945 11

Bills Payable and Interest

H. I. Nicholas & Co., (Prior to Receiver-
ship)

Current Liabilities

J Int.onlstMge.B'ds&Scrip.$156,210 00
Rec'vers' Certificate & Int. 13,284 53

Equipment Notes 7,563 64

Sundry Accounts Payable. 203,098 20
Taxes 52,050 92

$8,973,400 00

5,730,331 40

457,945 11

1,026,837 43

65,671 61
432,207 29

Total Liabilities $16,686,392 84

* Accrued both prior to and during the Receivership, but not provided for by the Receivers, t Not pro-
vided for by Receivers — nearly all the securities on which interest accrued are controlled by the P., D. & E.
Ry. Co. J First Mortgage Main Line and Chicago Division.

" Securities Owned " consists of P. & P. U. capital stock, $250,000; interest on capital stock (main line),
$54,680.36; Chicago Div. securities cost (par, 1st mtge., $220,000; income, $582,000; stock, $478,500; scrip,
$29,704.14), $543,904.20— total, $848,584.56.

Funded debt (total, $5,721,856.40) consisted, Dec. 31, 1897, of the following :

1st mtge. (Peoria Div.) 6 p. c. 40-yr. $1,000 coup, bonds, due Jan. 1, 1920, interest Jan. and July. .$1,287,000 00
1st mtge. (Evansv. Div.) 6 p. c. 40-yr. $1,000 coup, bonds, due Sept. 1, 1920, int. March and Sept. 1,470,000 00
1st mtge. (Chic. Div.) 6 p. c. 30-yr. $1,000 coup, bds., due M. 1, 1916, int. M. & N. (auth. $500,000) 250,000 00

2d mtge. 5 p. c. $1,000 geld coup., dated 1886, bonds due Nov. 1, 1926, interest May and Nov 2,088,000 00

1st mtge. scrip, issued 1890, due 1900, interest in Nov. (aiith., $33,480.09) 3,356 40

Income bonds (Chic. Div.), 6 p. c., issued 1886, due May 1, 1916, int. when earned (auth., $750,000) 623,500 00

The 1st mtge. Peoria Division bonds are secured on the line from Pekin to Decatur, 111., and from Ilervey
City to Mattoon, 111., a total of 106.52 m., including track owned jointly with the T. H. & I. RR. Co.; the
1st mtge. Evansville Division bonds on the line from Mattoon, 111., to Evansville, Ind., a total of 128.60 m. ;
the Chicago Division Ists on the line from Sidell to West Liberty, 111., 76.89 m. ; the 2d mtge. bonds on the
lines from Pekin to Decatur, 111., Hervey City, 111., to Evansville, Ind., a total of 227.60 miles. Trustee of
Peoria Division bonds: Central Trust Co. of New York; of Evansville Division, H. L. Morrill, Evansville, Ind.,
and Central Trust Co. of New York; of Chicago Division, International Trust Co., Boston, Mass.; of 2d mtge.
bonds, W. A. Heilman, Evansville, Ind., and Central Trust Co., New York, N. Y. The 2d mtge. bonds were
issued in exchange, dollar for dollar, for $858,000 Peoria Division and $1,230,000 Evansville Division income
bonds. They are dated Nov. 1, 1886, and are repayable in gold. Bonds and coupons payable at office of
Central Trust Co.. New York. N. Y.

First Mtge. Bondholders' Committee: Walston H. Brown (Chairman), Wm. Augustus White, Edward
H. Ladd, Jr., Morton S. Pa ton, and Charles A. Peabody, Jr. Depositary: Central Trust Co. of New York.

Second Mtge. 11 or, dh aiders' Committee: Moses L. Scudder (Chairman), Charles S. Fairchild, Jenkins
Van Schaich, R. Suydam Grant, and Wm. H. Payne. Depositary: New York Security and Trust Co., 46 Wall
St., New York.

Minority Committee of Zd Mtge. Bondholders: John B. Westbrook, Marcus Mayer, and Frank Russak.

Receivers' Certificate. — In order to settle terminal accounts due the Peoria and Pekin Union Ry. Co.,
for the six months' period next preceding the date of the receivership, there was issued Receivers' Certificate
No. 1, amount $13,017.66, dated Aug. 29, 1895 (bearing interest at the rate of 6 p. c. per annum, maturing
two years from date or when the receivership terminates, if receivership should be terminated earlier), author-
ized by the Court and consented to by the Trustees. The certificate was renewed Aug. 29, 1897, for one year.

POOR'S MANUAL OF RAILROADS.

119

Comparative statement of earnings, operating expenses, and fixed charges for eight years :

1897
Dec. 31.

1896
Dec. 31.

1895
Dec. 31.

1894

Dec. 31.

1893

Jane 30.

1892

Jane 30.

1891

Jane 30.

1890

June 30.
i

EARNINGS.

$
625.635
198,390
26,786
19,260
30,338
7,366

575,689
201,404
26,771
19,320
33,209
7,661

$

608,602
213,865
25,698
19,260
36,284
8,067

583,651
189,378
24,308
19,260
37,800
6,601

$

621,014
200,639
24,373
18,992
51,438
5,725

538,898
196,681
20,294
16,328
46,680
8,932

537,434
178,783
19,112
16,276
58,401
11,224

467,388
173,110
19,505
16,276
51,844
20,121

Mail

Miscellaneous

901,675

718,094
*198.581
79.64

22,500
7,640

864,054

609,096
*269,958
70.49

22,500
7,640

911,777

618,610
* 308,167
67.85

28,500
7,641

860,998

651,878

209,120
75.71

22,500
7,641

922,181

530,727
391,455
57.55

22,500
6,683

827,816

460,537
367,278
55.00

22,500
6,000

816,233

469,913

346,320
57.00

22,500
6,000

748,246

416,233
332,012
55.00

23,500
6,000

P. c. of Operating Expenses to Earnings
FIXED CHARGES, RENTALS, TAXES, *TC.
Peoria & Pekin Union Ry.Ters.(P. & B.)
Illinois Cen. RR. Terminals (Uecatnr).

Total Rentals. ....

30,140

79,511
89,601
<7r.8,777

80,140

79,608
90,995
1,680

30,141

78,356
00,417
1,680

30,141

78,304
88,527
2,109

29,183

77,220
88,200
11,040

28,500

77,220
88,200

28,500

77,220
88,200

28,500

77,220

88,200

Int. on 1st Mtge. Bonds, Peoria Div. ...
Int. on 1st Mtge. Bonds, Evnnsville Diy.
Int. on 1st Mtge. Bonds, Chicago Div. . .
nj-.it r> A ( Peoria Div...

Int. on 2d Mtge. Bonds j Evan8ville Div;
Int. on Scrip Certificates, Chicago Div..

3,368
Cr. 554

104,400
931
606
32,094
8,000
44,825

104,400

104,400

104,400

Cr. 430

189

189

1,446
24,102
8,000
35,543

8,027
16,707
22,583
36,443

5,337
11,034
33,000
40,228

Interest on Floating Debt

2.939

2,759

1,734
667
47,899

59,267

781

50,000
(a) 792

49,025
(a) 25«

Other Deductions

258,023

256,163
13,795

250,064
58,103

252,185

396,499

367,413

377,081

387,919

r>

59,441

43,064

5,046

134

30,761

55,906

NOTE. — The figures for the years 1894, 1895 and 1896 are for both main line and Chicago Division, while
those for previous years did not include the earnings, etc., for the Chicago Division.

* Including Peoria and Pekin Union Ry. Co. dividend, $15,000. t Deducted, $250,000 P. & P. U. Ry.
stock, accounted for on records as part of earnings, (a) Interest on receivers' certificates.

Directors. — W. E. Strong, H. E. Drake, John H. Prall, H. I. Clark, Emerson Chamberlin,
R. S. Anderson, John J. Moore, New York, N. Y.; Stephen W. Corey, Montclair, N. J.; E.
0. Hopkins, Evansville, Ind.

E. O. HOPKINS, Receiver and General Manager Evansville, Ind.

ROBERT S. ANDERSON, President New York, N. Y.

John H. Prall, Vice-President " "

Secretai-y— W. J. Lewis Evansville, Ind. | Auditor— E. M. Heberd Evansville, Ind.

PRINCIPAL OFFICE AND ADDRESS Evansville, Ind.

BOCK ISLAND AND PEORIA RAILWAY COMPANY.

Main Line of Road.— Rock Island, 111., to Peoria, 111 91.00 m.

Rock Island and Mercer Co. RR.: Milan, 111., to Cable, Dl 22.00 m.

Preemption Eastern RR. : Preemption to Sherrard, 111 6.00 m.

Peoria Terminal Ry.: Peoria to Mou mouth Junction, HI 8.10 m. — 121.10 milea.

2d track, 3.10 m. ; eidings, 26.90 miles. Gauge, 4 ft. 8£ in. Bail— iron, 56 ; steel (141.01 m.),
60 and 80 Ibs.

History.— Successor, Oct. 9, 1877, to the Peoria and Bock Island RR. Co. whose road
was sold under foreclosure April 4, 1877. The Rock Island and Mercer County RR. was
leased July 1, 1885, for 999 years, and the rental commuted for the entire period at $450,000.
On Nov. 26, 1894, the Preemption Eastern RR. (built in 1894) and the Peoria Terminal Ry.
(see MANUAL for 1895, p. 160) were leased for 999 years, and the rental commuted for the
entire period for $401,598.19. The Peoria Terminal Ry., for the present, is used only for
yard accommodation.

120

POORS MANUAL — CENTRAL NORTHERN GROUP.

Rolling Stock, June 30, 1897. — Locomotives, 18. Cars — passenger, 10; baggage, etc.,
3 ; freight (box, 240 ; flat, 17 ; stock, 49 ; coal, 194 ; caboose, 10), 510 ; other, 3— total, 526.

Operations, year ending June 30, 1897 (118 m.).— Traiu mileage— passenger, 191,206 ;
freight, 184,666 ; mixed, 49,635 ; other, 95,083— total, 520,590 miles. Passengers carried,
171,228; carried one mile, 3,878,268; average mile rate, 2.73 cents. Tons freight moved,
603,321; moved one mile, 34,564,260; average ton-mile rate, 1.28 cents.

Earnings— Passenger $106,066 16

Freight 441,197 48

Mail and Express 18,080 72

Miscellaneous 1,777 97

Total ($4,806.12 per mile) $567,123

Expenses — Conducting Transportation $305,456 00

Maintenance of Equipment 56,753 74

Maintenance Way and Buildings. 98,691 21
General 20,845 11

Total ($3,235.14 per mile) $381,746 06

Net earnings (32.69 p. c.), $185,376.27 ; add interest and dividends received, $9,915.39 ;
telegraph, etc., $504.40— total, $195,796.06. Payments : Interest on bonds, $42,000 ; divi-
dends on stock (2$ p. c., each Jan. 1 and July 1, 1897), $75,000 ; taxes, $42,000— total,
$159,000. Surplus, $36,796.06; surplus forward, $1,192,487.12— total, $1,229,283.18.

Capital stock, bonded debt, gross and net revenues, etc., for eight years :

Years. Capital

Bonded

~n*iHt

Cost and
Invest-

RR.
Oper-

Gross
Earn-

Expen-
ses and

Net
Earn-

Total

Net

Interest
Paid.

Divi-

dends

Balance

OIOL&..

UKUl.

aents.

ated

ings.

Taxes.

ings.

Rev'ue.

Paid.

\ + or )

$

$

Mile*.

$

$

$

$

$

$

$

1890.

1,500,000

600.000

2,468,192

113

655,106

333,081

322,025

327,585

42,000

75,000

+210.585

1891.

1,500,000

600,000

2,530,310

113

659,199

336,997

322,202

340,391

42,000

75,000

+ 223,391

1892.

1,500,000

600,000

2,626,871

113

759,208

441,825

317,383

333,439

42,000

225,000

+ 66,439

1893.

1,500,090

600,000

2,639,482

118

681,154

432,484

248,670

262.030

42,000

75,000

+ 145,036

1894.

1,500,000

600,000

2,658,487

113

637,354

428,068

209,286

228,300

42,000

75,000

+ 111,300

1895.

1,500.000

600,000

3,070,145

118

606,197

407,313

198,884

208,807

42,000

75,000

+ 91,807

1896.

1,500,000

600,000

3,062,228

118

618,048

530,171

87,877

100,253

42,000

150,000

- 91.747

1897.

1,500,000

600,000

3,066,411

118

567,122

423,746

143,376

153,796

42,000

75,000

+ 36,796

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,500,000 ; funded
debt (1st mtge. 10 p. c. $25,000 reg. bonds, dated Aug. 26, 1878, due Jen. 1, 1900, interest
Jan. and July, $150,000; consol. 1st mtge. 6 p. c. 40-yr. $5,000 reg. bonds, due, July 1, 1925,
interest Jan. and July, $450,000), $600,000 ; current accounts, $56,381.44 ; taxes, not due,
$21,826.55; profit and loss, $1,229,283.18— total, $3,407,491.17. Cmtra : Cost of road, equip,
ment, etc., $3,062,411.73 ; stocks owned, $4,000 ; materials and supplies, $21,371.41 ; bills
receivable, $190,000; current accounts, $21,923.14; cash on hand, $107,784.89— total, $3,407,-
491.17. The first mtge. bonds are secured on the main line, 91 m. ; the consols on the main
line and branch from Milan to Cable, a total of 113 miles. Interest payable at Corn Exchange
Bank, New York, N. Y. Trustee of bonds : Metropolitan Trust Co., New York, N. T.

Directors (elected June 8, 1897).— R. R. Cable, H. H. Porter, Chicago, 111.; H. B. Sudlow,
H. S. Cable, Phil. Mitchell, Rock Island, 111.; David Dows, New York, N. Y.; A. Kimball,
Davenport, la.

R. R. CABLE, President Rock Island, 111.

H. S. Cable, Vice- President " "

Sec. <k Treas.—K. B. Sudlow Rock Island, 111. 1 Auditor— R. H. Hudson Rock Island, 111.

PRINCIPAL, OFFICE AND ADDRESS Rock Island, 111.

SOUTHERN INDIANA RAILWAY COMPANY.

Line of Road. — Elnora to Westport, Ind 101.8 miles.

Sidings, etc., 5.30 miles. Gauge, 4 ft. 8£ in. Rail (steeD, 60 Ibs.

History. — The property of the Evansville and Richmond RR. Co. was sold under fore-
closure on March 23, 1897, and purchased on behalf of the bondholders, who organized the
Evansville and Richmond Ry. Co. (chartered March 23, 1897). Name changed to existing
title on Dec. 1, 1897. (For history of the old company, see MANUAL for 1897, page 100.) The
line of road between Bedford and Westport, Ind., 63.7 miles, was rendered useless by floods
March 6, 1897, but was reconstructed and again opened for traffic on Jan. 10, 1898. It is not
the intention of the present company to extend the line beyond Westport, Ind.

POOR'S MANUAL OF RAILROADS. 121

Rolling Stock, April 1, 1898. — Locomotives, 7. Cars — passenger, 3; baggage, etc., 3;
freight (box, 25; flat, 150; coal, 50), 225 ; caboose, 4 — total cars, 235. Also 1 pile-driver and
1 steam shovel.

Operations, six months ending Dec. 31, 1897 (38.10 m.). — Earnings (passenger,
$3,161.42 ; freight, $45,302.14 ; mail .and express, $1,547), $50,010.56. Operating expenses,
$51,386.93. Deficit from operation, $1,376.37; rents reeeived, $125.78; net deficit, $1,250.59.
Payments : Net earnings, July 1 to July 20, 1897, inclusive, belonging to E. & R. Ry. Co.,
$2,153'.65 ; discount on loan, $695.83— total, $2,849.48. Deficit, $4,100.07.

General Balance Sheet, Dec. 31, 1897.

Cost of Road and Equipment $1,726,215 20

New Construction 34,062 81

Current Accounts 7,735 89

Cash on Hand 6,790 42

Office Furniture 834 10

Profit and Loss 4,100 07

Total Assets $1,779,738 49

Capital Stock (shares, $100) $1,500,00000

Funded Debt Outstanding (see below) 194,000 00

Bills Payable 25,000 00

Current Accounts 39,047 78

Taxes for 1897 and Previous Years 21,690 71

Total Liabilities $1,779,738 49

Funded debt (total, $194,000) consisted Dec. 31, 1897, of the following :

1st nitge. 6 p. c. 1-yr. $1,000 coup, bonds, due June 1, 1898, interest June and Dec $14,000

2d mtge. 5 p. c. 20-yr. $1,000 coup, bonds, due June 1, 1917, interest June and Dec 180,000

Interest on bonds payable at the office of the trustee, Farmers' Loan and Trust Co., New
York, N. Y. Stock may be voted after ten days' ownership.

Directors (electad Jan. 17, 1898).— John R. Walsh, Lyman A. Walton, D. S. Lasier, A.
F. Hatch, F. M. Trissal, Chicago, 111.

J. R. WALSH, President Chicago, 111.

D. S. Lasier, Vice- President " "

Sec. & Treat.— L. A. Walton Chicago, 111. j Auditor— P. B. Ogden Chicago, 111.

Gen. Supf.—J. W. Thompson Bedford, Ind.

PRINCIPAL OFFICE AND ADDRESS 185 Dearborn St. , Chicago, 111.

TOLEDO, ST. LOUIS AND KANSAS CITY RAILROAD COMPANY.

(For map of this line, see page 122.)

Line of Road.— Toledo, O., to East St. Louis, 111 450.72 miles.

Sidings, etc., 79.90 miles. Gauge, 4 ft. 8£ in. Rail (steel), 61i and 70 Ibs.

History. — Organized June 12, 1886, by the purchasers of the main line and St. Louis
Division of the Toledo, Cincinnati and St. Louis RR., which were sold under foreclosure
Dec. 30, 1885. On May 19, 1893, the property was placed in the hands of a receiver on the
application of a judgment creditor, and on June 1, 1893, default was made in the payment of
interest on the 1st mtge. bonds. On Feb. 15, 1898, there were issued $430,000 receiver's
certificates, interest on which is payable in New York.

Rolling Stock, June 30, 1897. — Locomotives, 73. Cars — passenger, 17 ; baggage, etc.,
9; freight (box, 1,802; stock, 89 ; flat, 380; coal, 784 ; caboose, 37), 3,092 ; other cars, 7—
total cars, 3,125. Of this equipment, 27 locomotives, 1,000 box, 50 stock, 200 flat, 100 coal,
and 10 caboose cars are held under car trust.

Operations, year ending June 30, 1897. — Train mileage— passenger, 785,545 ; freight,
1,191,479 ; other, 643,330— total, 2,620,354 miles. Passengers carried, 441,691; carried one
mile, 16,384 4-?3; average mile rate, 1.82 cents. Tons' freight moved, 1,495,887 ; moved one
mile, 342,884,120 ; average ton-mile rate, 0.53 cent.

Earnings—Passenger $298,281 71

freight l,824,a>S6 81

Mail and Express 91,938 32

Miscellaneous 16,924 66

Total ($4,952.10 per mile) $2,232,001 50

Expenses— Conducting Transportation $840,514 46

Maintenance of Equipment 539,0-J7 02

Maintenance Way and Bldgs . . 311 ,233 31

General 71,003 21

Total ($3,908.80 per mile) $1,761,778 00

Net earnings (17.03 p. c.), $470,223.50. Charges: Interest on bonds, $540,000 ; taxes,
$90,000; other, $4,032.73— total, $634,032.73. Deficit, $163,809.23; deficit forward, $1,184,-
649.21— total, $1,348,458.44.

122

POOR'S MANUAL OF RAILROADS.

123

Years.

Capital stock, bonded debt, gross and net earnings, etc., for eight years

Expenses

and
Taxes.

Capital
Stock.

Bonded
Debt.

1890 17,055,000

1891* 17,055,000

1895! 17,055,000

1893 17,055,000

1894 17,055,000

1895 17,055,000

1896 17,055,000

1897 17,065,000

9,000,000
9,000,000
9,000,000
9,000,000
9,000,000
9,000,000
9,000,000
9,000,000

Cost and
Invest-
ments.

26,055,000
26,464,114
26,917,018
28,089,781
28,282,642
29,084,120
29,258,562
29,284,440

RR.
Oper-
ated.

Miles.
450.72
450.72
450.72
450.72
450.72
450. 72
450.72
450.72

Gross
Earn-
ings.

1,460,050
1,979,677
2,078,417
2,167,074
1,536,681
1,819,399
2,005,756
2,232,002

989,698
1,429,714
1,598,102
1,836,597
1,362,473
1,502.927
1,653,619
1,851,778

Net
Earn-
ings.

470,352
549,963
480,315
330,477
174,208
316,472
352,137
380,224

* Year ending Dec. 31 ; all others June 30.

Interest
Charges.

531,667
523,310
540,000
540,000
540,000
540,000
540,000

General Balance Sheet, June 30, 1897.

Cost of Road $24,255,000 00

Cost of Rolling Stock 1,800,000 00

Real Estate and Buildings 181,393 13

Equipment Leases 1,076,601 21

Farmers' Loan and Trust Co. — Cut off

Bonds (Contra) 800,000 00

State Trust Co.— Debenture Bonds 1,000,000 00

New Coal Cars 171,446 60

Materials and Fuel on Hand 107,236 67

Current Accounts 436,887 03

Cash on Hand 49,084 68

Profit and Loss 1,348,458 44

Total Assets $31,226,107 76

Common Stock (shares, $100) $11,250,00000

Preferred Stock (shares, $100) 5,805,000 00

Funded Debt Outstanding 9,000,000 00

Bills Payable 651,717 41

Debenture Bonds 1,000,000 00

Cut off Bonds authorized (Contra) 800,000 00

Current Accounts 216,92550

Matured Interest Unpaid 2,454,09000

Scrip Fund 3,638 85

Accrued Interest on Bonds, not yet pay-
able 45,000 00

Equipment Contracts 136 00

Total Liabilities $31,226,107 76

PREFERRED STOCK. — The preferred stock has a lien on net earnings ranking next after the 1st mtge. It
is entitled to 4 p. c. after Jan. 1, 1888, payable semi-annually, but not cumulative, coupons representing un-
earned interest to be surrendered on payment of a subsequent maturing coupon. The company can create no
other mtge. on its main line, nor increase the issue of preferred certificates, without the consent of two-
thirds of the preferred stock present at a meeting called for that purpose. Preferred stock is not entitled to
vote. Committee: J. M. Quigley, New York, N. Y. ; Halsey J. Boardman, Boston, Mass.; Charles Hamlin,
Bangor, Me.

Funded debt June 30, 1897, consisted of the following :

1st mtge. 6 p. c. 30-yr. $1,000 gold coup, bonds, due June 1, 1916, interest June and Dec $9,000,000

The 1st mtge. bonds are tax-free, and are transferable by delivery, or by transfer on the books of the
company in the city of New York, after a registration of ownership certified thereon by the transfer agent of
the company. Power is reserved by the company, on giving six months' notice on any coupon day, to redeem
the entire series at 105 and accrued interest. The bonds were issued to trustees, and delivered as the road
was reconstructed and new equipment provided. Principal and interest payable in gold at the agency of the
company in New York. An additional $800,000 of the bonds were originally authorized for the construction
of a cut-off from Dupont, O., to Decatur, Ind. These bonds have been cancelled and the construction of the
cut-off abandoned for the time being. Interest is in default since June 1, 1893, and suit has been brought for
foreclosure of the mortgage. A large majority of the bonds is deposited with the Continental Trust Co. of
New York, under an agreement among the bondholders. Committee: John C. Havemeyer, H. O. Armour,
R. B. Hartshorne, O. T. Bannard and Morton S. Paton.

The authorized issue of debenture 5s is $1,000,000, of which only $79,000 are outstanding as collateral for
security of floating debt; the balance ($921,000) is held by the State Trust Co. of New York.

Trustee of bonds : Farmers' Loan and Trust Co., New York, N. Y.
Directors (elected Sept. 8, 1897).— R. G. Ingersoll, Jos. O. Osgood, S. H. Kneeland,
J. 8. Stout, J. L. Laidlaw, J. P. Kneeland, J. P. Morris, New York, N. Y.; Chas. Miller,
Franklin, Pa.; M. L. Crowell, Clarence Brown, A. L. Mills, Toledo, O.; F. J. Sawyer,
Buffalo, N. Y.; S. K. Wilson, Trenton, N. J.

R. B. F. PEIRCE, Receiver and General Manager Toledo, O.

S. H. KNEELAND, President New York, N. Y.

. L Laidlaw... ...New York, N. Y. | Secretary— M.. L. Crowell Toledo, O.

Auditor-D. D. D»Tifl Toledo, O.

PRINCIPAL OFFICE AND ADDRESS Toledo, O.

New York Office . . 18 Broadway,

WHEELING AND LAKE ERIE RAILWAY COMPANY.

Main Line of Road.— Toledo, O., to Martin's Ferry, 0 216.48 m.

Huron Branch : Norwalk Junction to Huron, 0 12.64 m.

Steubenxille Branch : Warrenton, O., to Stenbenville, 0 13.66 in.— 242.78 miles.

Sidines, 68.91 m. Gauge, 4 ft. 8£in. Rail, iron, 40to56 Ibs.; steel (299.59 m.), 56 «nd 701bs.

History.— Reorganization, June 25, 1886, of the W. & L. E. RR. Co., whose property

124

POORS MANUAL — CENTRAL NORTHERN GROUP.

was sold under foreclosure April 3, 1886. (See MANUAL for 1883, p. 674, and MANUAL for
1888, p. 1113.) Under a contract entered into in Jan., 1892, this company, on Feb. 1, 1892,
begtfn to run trains into Wheeling, W. Va., using the bridge at Martin's Ferry and tbe ter-
minals in Wheeling of the Wheeling Bridge and Terminal Co.

On Jan. 15, 1897, receivers were appointed, and on Jan. 25, 1897, a committee was ap-
pointed to protect the interests of the security holders and prepare a plan of reorganization.
Committees have also been appointed to protect the interests of the holders of Lake Erie Di-
vision bonds, of extension and improvement bonds and of capital stock.

On Jan. 15, 1897, the road was placed in the hands of receivers and subsequently com-
mittees were appointed to protect the interests of the holders of the different classes of secur-
ities and to prepare a plan of reorganization. A committee on reorganization representing
all interests in the property and superseding all those previously appointed was formed in
February, 1898. This committee consists of Louis Fitzgerald, George Coppell, J. Kennedy
Tod, Eugene Delano and Wm. A. Dick, all of New York.

The Toledo Belt Ry. is in the hands of the same receivers, but its accounts are kept sepa-
rately since Jan. 15, 1897. (See appended statement, p. 126.)

Rolling Stock, June 30, 1897. — Locomotives, 70. Cars — passenger, 23 ; baggage and
mail, 6 ; freight (box, 757; flat, 130; coal, 4,777 ; caboose, 49), 5,713; other, 99— total, 5,841.
Of this equipment, 12 locomotives and 1,000 coal cars are held under car trusts.

Operations, year ending June 30, 1897 (average, 245.06 m.). — In the following state-
ment the earnings, etc., of the Toledo Belt Ry. are included for the earlier period but not lor
the one covered by the receivership, the accounts having been kept separately since Jan. 15,
1897.

TfAwwTwra July 1, 1396, to
EARNINGS. Jan 15 Ig97

Passenger ............ $87,80623

Freight ................ 534,741 68

Mail and Express ...... 16,12730

Other .................. 28,64463

Jan. 15, 1897, to

June 30, 1897.

$55.363 34

378,616 48

12,975 53

24,678 55

Totals ............. $667,319 84

$471,633 90

EXPENSES.

July 1,1896, to
Jan. 15, 1697.

Transportation $340,050 96

Maintenance of Equipm't. 75,80446
Maint. of Way & B'ldings. 86,213 37
General 45,809 79

Jan. 15, 1897 to

June 30, 1897.

$202,21941

153,17411

193,510 32

36,229 87

Totals $547,878 58

$590,139 71

Net earnings (earlier period, $119,441.26 ; receivership, deficit, $118,505.81), $935.45.
Payments: Interest on debt (earlier period, $354,880; receivership, $3,280.56), $358,160.50;
en current liabilities (earlier period), $35,725.29 ; taxes (earlier period, $34,628.24 ; receiver-
ship, $17,100), $51,728.24— total (earlier period, $425,233.53; receivership, $20,380.56), $445,-
614.09. Deficit (company, $305,792.27 ; receiver, $138,836.37), $444,678.64. To the deficit
for the earlier period, $305,792.27, should be added $116,985.08 for net deductions, and from
the total of these, $422,777.35, should be deducted $217,268.85 surplus from previous year to
show the balance deficit of the company on Jan. 15, 1897.

Receiver's Balance Sheet, June 30, 1897.

Construction $4,656 72

Equipment 2,500 00

Materials and Fuel 101,743 74

Current Accounts 139,767 04

Cash on Hand 38,597 86

W. & L. E. Ry. Coal Co 2,213 46

W. & L. E. By. Co 132,926 01

Profit and Loss 138,886 37

Total Assets .-. $561,291 20

Receiver's Certificates $142,400 00

Bills Payable and Loans 65,817 43

Current Accounts 265,523 97

Salaries and Wages 74,054 7-5

Destroyed Equipment Fund 13,495 09

Total Liabilities $561,291 20

General Balance Sheet, June 30, 1896 (latest rendered).

Railway and Equipment $20,238,771 55

Miscellaneous Stocks and Bonds 1,463,585 00

Rental Paid on Leased Equipment 47,862 86

Construction Account— Belt Ry 278,908 57

Supplies on Hand.

Cash on Hand and in Transit

Due from Agents and Conductors.
Net Assets. . .

72,407 84
163,232 16

30,959 51
277,954 71

Capital Stock, Preferred $4,500,000 00

Capital Stock, Common 10,000,00000

Funded Debt Outstanding 7,724,000 00 .

Accrued Interest on Bonds, not Due

Interest on Bonds, Paid in July.
Income Account

71,333 :;5
61,080 00
217,268 85

Total Assets *22,573,682 20 Total Liabilities $22,573,682 :!0

CAPITAL STOCK.— By the articles of incorporation the share capital of this company was placed at $f,-
600,000, in shares of $100 each'. By resolution of the stockholders passed March 21, 1888, this stock was made

POOR'S MANUAL — WHEELING AND LAKE ERIE RY. CO.

125

preferred stock -ivith precedence of common stock for dividends up to 6 p. c. per annum, non-cumulative, and
to share pro raid, in any surplus over 6 p. c. on the entire capital stock, and new certificates were issued in
•exchange for the old. On Aug. 15, 1887, an issue of $3,500,000 common stock was authorized to provide the
means for extending the line from Bowerstown to Martin's Ferry. Under authority of a resolution of the
shareholders, Dec. 19, 1889, $2,500,OCO additional common stock was issued and the proceeds availed of to
construct a branch from Portland Station to Steubenville, O., provide increased equipment and acquire
control of the Wheeling, Lake Erie and Pittsburgh Coal Co., by purchase of $670,000 out of $1,000,000 stock.
A further increase of $4,000,000 of common stock, -making the total issue $10,000,000, was made under
authority of a resolution of the stockholders, July 7, 1892, to provide increased tracks and terminal facilities,
and otherwise improve the physical condition of the property; and for the same purposes an issue of $5,000,000
common stock, increasing that class of capital to $15,000,000, was made in Sept., 1896. A further issue of
$900,000 preferred stock, to provide sidetracks and equipment, was authorized April 15, 1891.

Funded debt ($7,724,000) consisted, June 30, 189G, of the following issues :

1st mtge. (L. E. Div.) 5 p. c. 40-yr. $1,000 gold bonds, due Oct. 1, 1926, int. April and Oct $3,000,000

1st mtge. (Wh. Div.) 5 p. c. 40-yr. $1,000 gold bonds, due July 1, 1928, int. Jan. and July 1,500,000

1st mtge. extension and improvement 5 p. c. 40-yr. $1,000 gold bonds, due 1930, int. Feb. and Aug.. 1,624,000
Consol. mtge. 4 p. c. 100-yr. $1,000 gold bonds, due July 1, 1992, int. Jan. and July 1,600,000

The Lake Erie Division bonds are secured on the line from Bowerstown to Toledo, 173.40 m., and the
branch to Huron, 12.54 miles. They are in coupon form, but may be registered at the agency of the company
in New York. Principal and interest payable at the company's office in New York. Interest due April 1,
1897, was paid by the stockholders' protective committee in Oct., 1897; interest due Oct. 1, 1897, is in default.
Trustee: Mercantile Trust Co., New York, N. Y.

The Wheeling Division bonds are secured by a 1st mtge. on the extension from Bowerston to Martin's
Ferry, 43.61 m., and by 2d mtge. on the line from Bowerston to Toledo, and branch to Huron. The bonds
are in coupon form, but may be registered as to principal. They are dated April 21, 1888, due July 1, 1928.
Interest payable at the office of the trustee, the Central Trust Co., New York, N. Y. Interest is in default
since July "l. 1897.

The Extension and Improvement bonds are secured by 1st mtge. upon the Steubenville and Bellaire
extensions, as well as by general mtge. upon the rest of the company's property, and are additionally secured
by deposit with the Central Trust Co., of New York, trustee of the mtge., of stocks of auxiliary companies,
as follows: Wheeling, Lake Erie and Pittsburgh Coal Co., $670,000; Toledo Dock and Coal Co., $50,000,
Toledo Belt Ry. Co., $300,000. The authorized issue is $1,900,000, of which $276,000 are reserved to retire the
Belt Ry. bonds. The bonds are in coupon form; but they may be registered at the company's office in New
York. They are dated Dec. 20, 1889, due Feb. 1, 1930. Interest is in default since Feb. 1, 1897.

The Consolidated Mtge. 4 p. c. 100-yr. gold bonds are secured on the entire property, subject to prior
liens. The bonds are in coupon and registered forms; both principal and interest payable at the agency of
the company in the city of New York, or, at the option of the holders, in London, Eng. The remainder
($6,400,000) of the authorized amount ($8,000,000) is reserved and deposited with the trustee for the redemp-
tion of the existing divisional mtges. Trustee: Central Trust Co. of New York. Interest is in default since
July 1, 1897.

Reorganization Committee: Louis Fitzgerald, J. Kennedy Tod, George Coppell, Eugene Delano, Wm. A.
Dick.

Statement of operations, capital account, etc., for eight years, ending June 30, 1897 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles Railroad Operated
Passenger Train Mileage...
Freight Train Mileage
Passengers Carried

216.00
382,642
602,317
340,069
6,808.181
1,468,034
153,749.459
8

i54,irr

815,191

92,558
49,253

233.00
401,553
721,612
458,987
9,536,748
1,607,487
162,702,497
$
178,474
962,706
22,203
55,136

243.00
441,781
929,814
458.823
7,825,531
1,844,335
190,429,205

9

175,480
1,104,036
25,166
66,483

247.00
536,910
1,124,151
448,152
7.805,164
2,167,314
241,864.744
$
200,096
1,230.273
26,286
81,901

247.00
406,138
880,720
334,534
6,465,657
1,611,538
186,215.070

$

155,546
1,051,130
28,524
53,384

247.00
355,481
1,024,899
292,264
5,969,813
2,134,766
246 432 574
$
141,364
1,120,989
28,146
63,326

247.00
397,637
1,064,537
280,329
5,619,291
2,307,541
264,991,706
$
139,683
1,243,513
26,921
43,800

245.06
407,526
749,782
316,5%
6,620,102
1,834,956
225,746,892
S
143,170
913,358
29,103
53,323

Passenger Mileage

Tons Freight Moved

Tons Freight Moved 1 Mile.
Earnings -
Passenger

Freight

Mail and Express
Miscellaneous

Total Traffic Earnings. .
Oper. Expenses and Taxes.

Net Earnings

1,041,179
649,331

1,218,519

772,770

1,371,165
917,123

1,538,645
1,048,107

1,288,584
893,981

1,353,825
1,034,937

1,453,917
1,009,655

1,138,954
1,189,747

391,843
6,240

445,749
6,786

454,04?
58,963

490.538
57,346

394,603
79,063

318,888
93,430

354,262

!X),628

def. 50,793

Other Receipts

Available Revenue

398,088
187,500

452,535

290,542
761
(4J)167-000
- 5,768

5.321 04
3,245 64
2,OT5 40
6342 p. c.
1.87C.
0.59 c.

513,005

301,133
19,782
(5) 225,000
- 32,910

5,642 65
3,774 17
1,86848
66.88 p. c
2.22 c.
0.56 c.

547,884

320,694
14,941
(4) 180,000
+ 32,249

6,22933
4,24335
1.98598
68.12 p. c.
2.56 c.
0.51 c.

473,666
370,857

412,318
378,575

444,890
379,778

Interest on Bonds

354,880
39,006

Interest, Discount, etc.

Dividends on Pref. Stock ..
Balance (+ or — ) ........

Gross Earnings per Mile . . .
Oper. Exp. and Taxes p. M.
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. -p. Mile.
Aver. Rate p. Ton p. Mile. .

(4) 144.066
+ 66,588

4,82027
3,00616
1,814 11
62.37 p. c.
2.27 C.
0.53 c.

(3) 135,000
- 32,191

5,216 94
3,61935
1,597 59
69.38 p. c.
2.41 c.
0.56 c.

+ 33,743

5,481 07
4,03014
1,45093
73.53 p. c
2.34 c.
0.48 c.

+ 65,111

5,886 30
4,45202
1,434 28
72.78 p. c.
2.46 c.
0.48 c.

—444,679

4.64765
4,85492
def. 207 27
104.46 p.c.
2.16 C.
0.40 C.

126

POOR'S MANUAL — CENTRAL NORTHERN GROUP.

July 1. 1897, to Jan. 15, 1898 :

EARNINGS — Passenger .... $74,301 17

Freight 622,523 65

Mail and Express , 15,608 09

Miscellaneous 32,612 21

Total Traffic Earnings $745,039 12

Operating Expenses and Taxes .' 1,005,010 51

Net Earnings, Deficit. . . . . $S59,971 39
" " Jan. 16 to June 30, 1897, Deficit -138,88687

Deficit of : $398,857 76

The receivership was the result of betterments and extraordinary expenses required to
place the property in proper condition. These, during the period from Jan. 16, 1897, to Jan.
15, 1898, amounting to $810,924.02, were charged to maintenance of way and maintenan«-e
of eiuipment and are included in operating expenses. The result for the period named,
after deducting the above from operating expenses, would show a surplus in net earn-
ings of $412,066.26, instead of a deficit of $398,857.76.

Toledo Belt Railway.— In Toledo, O., 4.2 m. ;
2d track, 3.92 m.; total track (steel), 9.70 miles.
Organized In 1883. In operation since April, 1888.
Owned by the W. & L. E. Ry. Co. and operations
included in the accounts of that company until Jan.
15, 1887. Now operated by receivers, and accounts
kept separately. Gross earnings, switching charges,
Jan. 15 to June 30, 1897, $17,251. Operating ex-
penses, $10,576. Net earnings, $6,675. Paid interest
on bonds, $6,343; other interest, $8— total, $6,351.
Balance, surplus, $324. Receiver's Balance Sheet,
June 30, 1897.— Accrued Interest on bonds, $4,600;
receivers, W. & L. E. Ry., $9,646; profit and loss,
$324— total, $14,570. Contra: W. & L. E. Ry. Co.,
$5,157; current accounts, $5,983; cash, $3,430— total,
$14,570. Capital stock (par, $100), $300,000, all

owned by the W. & L. E. Ry. Co., and deposited in
trust under that company's extension and Improve-
ment mortgage. Funded debt, $500,000 1st mtge. 5
p. c. $1,000 gold bonds, maturing In various amounts
semi-annually in each year from Sept. 1, 1889, to
March 1, 1903, Interest payable in New York, March
1 and Sept. 1. Trustee: Central Trust Co., New York.
These bonds are retired as they mature by exchange
for W. & L. E. extension and Improvement bond;!
reserved for that purpose as stated above. Interest
on bonds is paid by the Receivers out of the earn-
ings. Myron T. Herrick, Pres., Cleveland, O.; Robert
Blickensderfer, Vlce-Pres. & Gen. Mgr. ; Downer
Adams, Sec. & Treas.; J. H. Dowland, Auditor,
Toledo, O.

Board of Directors, W. & L. E. Ey. Co., elected Jan. 26, 1897.
W. E.' CONNOR, Chairman of the Board New York, N. T.

Term expires in 1898.

E. R. Lawrence New York, N. Y.
. D. Parmly

T. L. Johnson Cleveland, O.

it. I. Wilcox Toledo, O.

Term expires in 1899.

W. E. Connor New York, N. Y.

A. W. Soper " "

E. W. Oglebay Cleveland, O.

S. C. Reynolds Toledo, O.

Term expires in 1900.

A. G. Blair Toledo, O.

J. H. Dowland " "

Geo. E. Pomeroy " "

President —A. G. Blair Toledo, O.

Vice-President — D. D. Parmly New York, N. Y.

Sec. <t Tr.— Jas. M.Ham..40Wall St., New York, N.Y.
Asst. Sec. — Downer Adams Toledo, O.

MTKON T. HERBICK, Receiver Cleveland, O.

ROBERT BLICKENSDEBFER, Receiver and General Manager Toledo, O.

Local Treasurer —Downer Adams Toledo, O. | Auditor — J. H. Dowland Toledo, O.

PRINCIPAL OFFICE AND ADDRESS Toledo, O.

ABBOTSFORD AND NORTHEASTERN RR.— Projected: Abbotsford, Wis., to Wausau and
Merrill, Wis., 70 miles. Completed, June 30, 1897 : Abbotsford to Athens, Wis., 15.16 m. -total track, 15.74 mile-?.
Rail, 561bs. Gauge, 4 ft. 8^ in. Chartered April 12, 1889 ; road opened Oct. 1, 1889. Locomotive, 1. Cars— freight,
caboose, 1 ; other, 4 — total, 5.

Operations, year ending June 30, 1897.— Trains run (freight, 2,600 ; mixed, 9,490 ; other, 1,100), 13,100
miles. Passengers carried, 731 ; carried one mile, 11.082. Tons moved, 14,322 ; ton-miles, 212,730. Earnings
(passenger, $439 ; freight, $14,148: other, $773), $15,360. Operating expenses, $8,107. Net earnings, $7,253.
Payments : Interest on bonds, $6,720 ; taxes, $76— total, $6,796. Surplus, $457 ; surplus forward, $7,081— total,
$7,538.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $120,000 : funded debt (1st mtge. 6 p. c.
30-yr. $1,000 gold coup, bonds, due Oct. 1, 1919, interest April and Oct.), $112,000 : profit and loss, $7,538— total,
$239,538. Contra : Cost of property, $232,000 : surplus, June 30, 1896, $7,081 ; profit and log?, $457— total, $239,538.
Interest payable at. company's office, Milwaukee, Wis. Trustee of bonds : D. S. Wegg, Chicago, 111.

Directors (elected May 27, 1897).— A. A. Krause, St. Lonis, Mo.; Andrew M. Joys, Max C. Krause, Jos. E.
Host, L. W. Halsey, Milwaukee, Wis. OFFICERS : A. A. KRAUSE, Pres., St. Lonis, Mo.; Andrew M. Joys, Vice-
Pres.; Max C. Krause, Sec.; Joseph E. Host, Treas.; Fred Rietbrock, Gen. Man., Milwaukee, Wis. GENERAL
OFFICE, Milwaukee, Wis.

ADDYSTON AND OHIO RIVER RR.— Addyston, O., to Ohio River. Cincinnati, O., 7.20 miles
Rail (steel), 56 Ibs. Gauges, 4 ft. 8J in., 4 ft., and 2 ft. IOJ in. Incorp. Feb. 12, 1889 ; road opened Sept., 1889.
Locomotives, 7. Cars— freight (coal), 64 ; other, 38— total, 102.

Operations, year ending June 30, 1897.— Trains run (freight), 28,353 miles. Tons moved, 28,353. Earnings
(freight), $11,833. Operating expenses, $9,775. Net earnings, $2,058.

Financial Statement, June 30, 1897.— Capital stock, $50,000 ; current accounts, $37,855 ; profit and lo:«,
S29,881-total, $117,737. Contra : Cost of road, etc., $79,272 ; accounts, $38,465 -total, $117,737.

POOR'S MANUAL OF RAILROADS. 127

Directors (elected Feb. 26, 1898).— Daniel McLaren, Larz Anderson, B. P. Haughton, B. S. Cunningham,
Cincinnati. O.; J. N. Kinney, New York, N. Y. OFFICERS : DANIEL, MCLAREN, Pres.; B. P. Haughton, Vice-
Pres.; B. S. Cunningham, Sec. & Treas.; W. L. Davis, Gen. Man.; A. H. Davis, Auditor, Cincinnati, O. GEN-
ERAL OFFICE, Cincinnati, O.

AHNAPEE AND "WESTERN BY.— Casco June, to Sturgeon Bay, Wis., 34 m.; total track, 35.5
miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8J in. Road completed from Casco June, to Ahnapee, 14 m., in Aug.,
1892 ; to Sturgeon Bay in July, 1894. Connects with the Kewaunee, Green Bay and Western RR. at Casco June.
Road owned and controlled oy E. Decker & Sons. The company states that " bonds are issued to partly build
the road, and are taken by home parties." Locomotives, 2. Cars — passenger, 2 ; baggage, 1 ; freight (box, I ;
flat, 5), e— total, 9.

Operations. — Information refused.

Directors. —Not reported. OFFICERS: E. DECKER, Pres.; David Decker, Sec. & Gen. Man. GENERAL
OFFICE, Ahnapee, Wis.

ALLIANCE AND NORTHERN RR.— Alliance to Phalanx, O., 25 m.; sidings, 2 miles. Gauge, 4
ft. 8$ in. Rail (steel), 56 Ibs. Thai portion of the Lake Erie, Alliance and Southern Ry., extending from
Phalanx to Alliance, O., as above, was purchased at foreclosure sale on Jan. 15, 1891, and passed under control
of A. & N. RR. Co. about April 25, 1891. (See MANUAL for 1891.) Locomotives, 2. Cars— passenger, 1 ; baggage,
1 ; freight (flat, 5 ; coal, 30), 35 ; caboose, 1— total cars, 38. The passenger and baggage cars are owned ; another
equipment is leased.

Operations, year ending June 30, 1897.— Trains run (passenger, 31,500 ; freight, 12,000), 43,500 miles.
Passengers carried, 18,293 ; carried one mile, 237,487. Tons moved, 102.957 ; ton-miles, 1,337,774. Earnings (pas-
senger, $6,219 ; freight, $30.028 ; other, $2,885), $39,132. Operating expenses, $32,586. Net earnings, $6,546.
Payments : taxes, $2,140 ; other payments, $612— total, $2,753. Surplus, $3,793 ; surplus forward, $320— total,
$4,114.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $500,000 ; current accounts, $126 ;
profit and loss, $4,114— total, $504,239. Contra: Cost of property, $502,538; accounts and cash, $1,701— total,
$504,239.

Directors (elected May 11, 1897).— Morton S. Paton, Theo. F. Hicks, L. P. Tucker, New York, N. Y.; E. E.
Scranton, Alliance, O.; Harvey H. Brown, Dexter B. Chambers, Wm. B. Sanders, Cleveland, O. OFFICERS : MOR-
TON S. PATON, Pres.; Theo. F. Hicks, Vice-Pres.; Chas. D. Ross, Sec. & Treas., New York, N. Y.; E. E. .Scran-
ton, Gen. Man., Alliance, O. GENERAL OFFICE, Alliance, O.

ARCADIA AND BETSEY RIVER RY.— Arcadia to Copemish, Mich., 21 m.— total track (steel ;
56 Ibs.), 23.5 miles. Gauge, 4 ft. 8J in. C'hartered Sept. 25, 1895 ; purchased the right, of way from the Arcadia
and Betsey River Tram Ry. Co.; road opened as above Dec. 12, 1896. Locomotive, 1. Cars— freight (flat), 15 ;
caboose, 1 ; other, 35— total, 51. -

Operations, year ending June 30, 1897.— Earnings (passenger, $73 ; freight, $5,213), $5,286. Operating
expenses, $3,697. Net earnings, $1,589. Paid taxes, $131. Snrplns, $1,458 ; surplus forward, $2,476— total, $3.934.

Financial Statement, June 30, 1897.— Capital stock (auth., $165,000 ; shares, $100), $140,000 ; accounts,
$222; profit and loss, $3,934— total, $144,156. Contra : Cost of road, etc., $140,398 ; real estate, etc., $3,711 ; ac-
counts, S47-total, $144,156.

Directors (elected Jan., 1897).— Henry Starke, Chas. J. Starke, Henry, Mauntler, M. Starke, John Weldt,
Arcadia, Mich. OFFICERS : HENRY STARKE, Pres. & Gen. Man.; Henry Mauntler, Vice-Pres.; Chas. J. Starke,
Sec. & Treas.; Adolph Basse, Auditor, Arcadia, Mich. GENERAL OFFICE, Arcadia, Mich.

BARBERTON BELT LINE RR.— Around the city of Barberton, O., 8.29 miles. Rail (steel), 60 Ibs.
Gauge, 4 ft. 9 in. Chartered March 19, 1891, and shortly afterward purchased the partially constructed Belt Line
RR. Road opened July 12, 18U2. Road extends from the main line of the Akron and Chicago June. RR., and the
C. A. & (.'. Ity., on the east, in and around the town of Barberton, to the Nypano RR. on the north. Service is
governed by special contract at certain rates per car. Locomotive, 1.

Operations, year ending; June 30, 1897.— Earnings (freight), $26,172. Operating expenses, $9,229. Net
earning-, $16,943. Payments : Interest on bonds, $2,030; other payments, $1,317— total, $3,347. Surplus, $13,-
596; surplus forward, $10,2rO-total, $23,P66.

Financial Statement. June 30, 1897.— Capital stock (shares, $100) authorized and paid in, $50,000; funded
debt (1st mtge. 10-20-yr. 7 p. c. $1,000 gold coup, bonds, dated May 1, 1891. due May 1, 1911, interest May and
Nov. : auth., £38.000), $29,000 ; bills payable, etc., $10,753; accrued taxes and interest, $338 ; profit and loss, $23,-
866— total, 8113,957. Contra; Cost of road and property, $109,343; materials, etc.,- $837; cash, $3,777— total,
$113,957. Interest payable at the Barberton Savings Bank Co., Barberton, O. Trustee of bonds : Charles Baird,
Akron, O.

Directors (elected July 13. 1897).— O. C. Barber, J. K. Robinson, Chicago, 111. ; Charles Baird. J. B. Wright,
Akron, O.; E. M. Buel, Barberton, O. OFFICERS : O. C. BARBER, Pres., Chicago, 111.; E. M. Buel, Vice-Pros. &
And., Barberton, O.; Charles Baird, Treas.; Jno. B. Wright, Sec., Akron, O. GENERAL OFFICE, Barberton, O.

BEDFORD BELT RY.— Bedford to Oolitic, Ind., 4.16m.; branches to quarries, 5.84 m.— total track
(steel ; 60 Ibs.), TO miles. Gauge, 4 ft. 8i in. Chartered March 30, 1892 ; road opened May 1, 1893. Designed as a
freight road. Since Dec. 1, 1895, it has done a passenger business between Bedford and the quarries. Connects
the stone quarries Ht Bedford with the C., I. & L. Ry., the Southern Ind. Ry. and the B. & O. S. W. Ry. Loco-
motives, 4. Cars— passenger, 5 : freight (box), 3 ; other, 34— total, 42.

Operations, year ending June 30, 1897.— Tons moved, $94,959. Earnings (passenger, $3,766 ; freight,
$25,424; other, $240), $29.430. Operating expenses. $28,878. Net earnings, $552 ; add rent of lands, etc., $89 ;
old accounts collected, $20,275— total, $20,916. Paid interest, p,652; taxes, $632; other payments, $2,015— total,
$6,299. Surplus, $14,617 ; deficit forward, $35,587 ; net deficit. $20,970.

Financial Statement, June 30, 1897.-Capital stock (shares, $100), authorized and paid in, $250,000 ;
funded debt (1st mtge. 5 p. c. $1,000 gold bonds, dated April 30, 1892, due April 30, 1917, interest Feb. and Aug.),
$2.50,000; bills payable, $50.000; current accounts, $103,434— total, $653,434. Contra : Cost of road, etc., $628,707;
due from astnts, companies, etc., $1,882; cash, $1,874 ; profit and loss, $20,970 -total, $653,434. Interest on
bonds payable at the office of the trustee, Equitable Trust Co., Chicago, 111.

Directors (elected Jan. 18, 1898).— John R. Walsh, L. A. Walton, F. D. Meacham, F. B. Ogden, Chicago,
111.; J. B. Herring, Bedford, Ind. OFFICERS: JOHN R. WALSH, Pres.; F. D. Meacham, Vice-Pres. ; L. A.
Walton, Sec, & Treas.; F. B. Ogden, Aud., Chicago, 111. GENERAL OFFICE, Chicago, 111.

BELLAIRE, ZANESVILLE AND CINCINNATI RY.-Bellaire to Mill Run, O., 110.75m.;
trackage, B. & O. RR., Mill Run to Zanesville, O., 1 in.— total operated, 111.75 miles. Sidings, 6.10 miles. Gauge,
3 feet. Rail (steel, 91.1 m.), 35 and 40 Ibs. Consolidation, Feb. 28, 1882, of the Bellaire & S. W. and the Zanes-
ville & S. E. Ry. Cos. Reorganized Dec. 1, 1889. The Muskingum County RR. (leased line) from Wilhelm to
Mill Run, 9 m., was purchased during the year 1893. A third rail is laid on 10 miles of road for standard gauge
equipment. It is proposed to change the gauge to the standard and build some additional line. Default having
been made on interest due Jan. 1, 1895, on prior lien bonds, a receiver was appointed on July 1, 1895. Suit has
been brought for the foreclosure of the mtge. Locomotives, 7. Cars— passenger, 6 ; baggage, etc., 5 ; freight
(box, 59 ; stock, 5 ; flat, 31 ; coal, 80), 175 ; caboose, 3 ; other, 4— total cars, 193.

128 POOR'S MANUAL— CENTRAL NORTHERN GROUP.

Operations, year ending June 30, 1897.— Trains run (passenger, 129,700 ; freight, 40,500), 170,300 mjles.
Passengers carried, 80,330; carried one mile, 1,416,873. Tons moved, 79,576; ton-miles, 1,273,787. Earnings
(passenger, $36,278 ; freight, $48,217 ; other, $13,754), $98,250. Operating expenses, $11«,642. Deficit from
operations, $18,392. Miscellaneous receipts, $19,000— net income, $608. Payments : Interest on debt, $3,682 ;
taxes, $505 ; other payments, $5,124— total, $9,311. Deficit, $8,703.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), issued— common, $621,850 ; preferred,
$668,300; funded debt, $1,354,000 ; current accounts, $46,247— total, $2,690,397. Contra : Cost of road, $2,490,907;
rolling stock, $134,889; material, etc., $2,500 ; current accounts, $8,070 ; cash, $4,986 ; profit and loss, $49,045—
total, §2,690,397. Funded debt, June 30, 1897 : Prior lien 6 p. c. 10-yr. $1,000 coup, bonds, dated July 1, 1889,
interest Jan. and July, $216,000 ; 1st mtge. 4 p. c. 50-yr. $1,000 coup, bonds, dated Jan. 1, 1890, interest Jan. and
July, $1,138,000. The authorized amount of 1st mtge. bonds is $1,600,000 and $262,000 of the amount unissued
are deposited with the Farmers' Loan and Trust Co., of New York, trustee, to be used exclusively in paying off
$250,000 (authorized issue) of prior lien bonds. The remaining $400,000 are reserved for improvements. The
company reserves the right of redeeming the prior lien bonds at any time before maturity, at 105 and accrued
interest, on giving 60 days' notice. Default was made on interest due Jan. 1, 1895, on prior lien bonds. The
preferred stock has sole voting power until its payment of 6 p. c. dividend.

Directors.— John Hoge, James Buckingham, James Herdman, James K. Geddes, Zanesville, O. ; W. C.
Mooney, S. L. Mooney, P. Schumacher, Jr., R. W. Pope, T. H. Armstrong, Woodsfield, O.; John Lemmax,
Whigville, O.; T. A.Welsh, Armstrong's Mills, O.; James F. Anderson, Hnnter S. Armstrong, Bellaire, O.
OFFICERS : JAS. K. GEDDES, Rec., Vice-Pres. & Gen. Man., Zanesville, O.; S. L. MOONEY, Preg.;W. C. Mooney,
Treas., Woodsfleld, O. GENERAL OFFICE, Zanesville, O.

BELT RAILROAD AND STOCKY ABD CO.— Around City of Indianapolis, 14.29 m.; 2d track,
6.78m.— total track, 21.07 miles. Locomotives, 10. Construction cars, 10. Leased to the Indianapolis Union Ry.
Co., for statement of which see GENERAL INDEX.

Income Account, year ending Dec. 31, 1897.— Rental, $49,577 ; other receipts, $127,203— total income,
$176,780. Payments : Interest on bonds, $60,000 ; dividends, $30,000— total, $90,000. Surplus, $86,780.

Financial Statement, Dec. 31, 1897.— Capital stock ($50 shares^— common. $1,000,000; preferred, $500,-
000; funded debt, $1,000,000 6 p. c. 30-yr. bonds, due April 30, 1911, interest payable m Philadelphia, Pa.

Directors.— D. W. Minshall, D. Deming, Terre Haute, Ind.; George Chapman, New York, N. Y. ; John
H. Holliday, S. E. Rauh, M. A. Downing, Julius Hanson, John C. Wright, W. J. Holliday, Indianapolis, Ind.
OFFICERS : S. E. RAUH, Pres.; Julius A. Hanson, Vice-Pres.; John H. Holliday, Sec.; H. D. Lane, Auditor; H.
C. Graybill, Traffic Mgr., Indianapolis, Ind. GENERAL OFFICE, Indianapolis, Ind.

BELT BY. CO. OF CHICAGO (THE).— Auburn June, to C., M. & St. P. June., 15.9 m.; branches
from Pullman June, to Irondale, 111., etc., 5.41 m.— total, 21.31 m.; 2d track (leased). 16.56 m. ; sidings (owned,
27.14 m.; leased, 24.08 m.), 51.22 m.— total track, 89.09 miles. Rail (steel), 60, 66, and 80 Ibs. Gauge, 4 ft. 8i in.
Chartered Nov. 22, 1882, and leased the Belt Division of the Chicago and Western Indiana RR. — statement for
which see. The company owns 8 coal and flat and 5 caboose cars and leases the following equipment. Locomo-
tives, 42. Cars— coal, 80 ; dump, 50; caboose, 14; other, 6— total, 150.

Operations, year ending June 30, 1897.— Trains run (freight, 542,960 ; other, 20,880), 563,840 miles. Earn-
ings (freight, $630,544; other, $22,528), $653,072. Operating expenses, $381,610. Net earnings, $271,462. Pay-
ments : Taxes, $63,000; dividends (6 p. c.), $72,000; rentals (C. & W. I. RR.), $138,603— total, $273,603. Deficit,
$2,141; surplus forward, $106,090- net surplus, $103.949.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,200,000; current accounts, $100,-
451 ; profit and loss, $103,949— total, $1,404,400. Contra : Cost of road, etc., $496,664 ; accounts, $147,693 ; cash,
$8,972 ; Chicago and Western Indiana sinking fund, $43,735; revenue, deficiency prior to May 1, 1890, $707,336—
total, $1,404,400.

Directors (elected June 1, 1897).— O. S. Lyford, W. H. McDoel, Chicago, 111.; Jos. Ramsey, Jr., St. Louis,
Mo.; Chas. M. Hays, Montreal, Can.; W. F. Merrill, New York, N. Y. OFFICERS : B. THOMAS, Pres. & Gen.
Man.; Edgar A. Bancroft, Vice-Pres. & Gen. Solicitor ; M. J. Clark, Sec. & Auditor ; John E. Murphy, Treat.,
Chicago, 111. GENERAL OFFICE, Chicago, 111.

BUCHANAN AND ST. JOSEPH BR.— Pivjected : Buchanan to Benton Harbor, Mich. , 25 miles.
Completed: Jan. 1, 1897; Buchanan north 2 miles. Gauge, 4 ft. 84 in. Rail (steel), 65 Ibs. Chartered Oct. 12,
1894. Estimated cost of completed road, $215,000. No further information obtainable.

Directors.— F. E. Lee, J. O. Becraft, Dowagiac, Mich.; Chas. Groves, Frank English, Peter English, John
Holmes, Buchanan, Mich.; W. G. Howard, Kalamazoo, Mich. OFFICERS: FRED E. LEE, Pres.; J. O. Becraft,
Sec. & Treas., Dowagiac, Mich.; C. W. Hotchkiss, Chf. Eng., Niles, Mich. GENERAL OFFICE, Dowagiac, Mich.

CENTBALIA AND CHESTEB BB.— Salem to Chester, 111., 91.6 m.; branch, Sparta to Rosbor-
ough, 111., 5 m.; trackage : 111. Cent. RR., Centralia to Branch Jc., 111., 2.9 m.— total, 99.5 m.; total track (steel;
60 and 70 Ibs.), 104.7 miles.' Gauge, 4 ft. 8* in. Chartered Dec. 18, 1887 and consolidated, July 18, 1889, with the
Sparta and St. Genevieve and the Centralia and Altamont RR. Cos. (See MANUAL for 1890, p. 1096.) The branch
to Rosborough was built in 1895 ; the section of main line between Salem and Centralia, 14.9 m., was completed
in July, 1896. On June 7, 1897, a receiver was appointed on application of the Missouri Car imd Foundry Co. of
St. Louis, Mo. In Aug., 1897, the receiver was authorized to issue $200,000 of 6 p. c. receiver's certificates for the
purpose of completing the extension from Evansville to Chester, 17.6 m., all of which was graded, bridged and
partly furnished with rails previous to the appointment of the receiver. This extension was completed in Dec.,
1897, and in the same month the receiver was authorized to issue $175,000 additional receiver's certificates, the
proceeds to be used in providing necessary equipment. In March, 1898, authority was granted for a further
Issue of $50,000 receiver's certificates to provide for the completion of the road into Chester. Locomotives, 5.
Cars— passenger, 2 ; baggage, 2; freight (box, 1; flat, 1; coal, 43), 45; caboose, 1— total, 50.

Operations, year ending June 30, 1897.— Earnings (passenger, $14,465 ; freight, $35,948 ; other, $4,982).
$55,395. Operating expenses, $63,426. Deficit, $8,031. Interest on bonds, $60,725; taxes, $9,086; other charges.
$4,395— total, $74,206. Deficit, $82,237.

Financial Statement, June 30, 1897.— Capital stock ($12,000 p. m. auth.), $978,000 ; funded debt (1st
mtge. 5 p. c. 30-yr. $1,000 gold coup, bonds, due July 1, 1919, interest Jan. and July at trustee's office), $948,000 ;
other liabilities, $82,321— total, $2,008,331. Stock and bonds are authorized to the amount of $12,000 each per mile
of completed road. Trustee of mortgage : Farmers' Loan and Trust Co., New York. Interest is in default since
July 1, 1897.

Directors.— Wm. Rosborough, D. P. Barker, H. W. Schmidt, Sparta, 111.; T. B. Needles, Nashville, 111.;
S. L. Dwight, Centralia, 111.; W. D. Bowles, Poughkeepsie, N. Y.; W. A. Ingraham, W. S. Ingraham, Bristol,
Conn.; J. D. Gillett, New York, N. Y. OFFICERS : C. M. FORMAN, Receiver, Centralia, 111. ; J. D. GILLKTT, Pres.,
New York, N. Y.; T. B. Needles, Vice-Pres., Nashville, 111.; S. L. Dwight, Sec., Centralia, 111.; T. D. Hinchcliffe,
Auditor, Sparta, 111. GENERAL OFFICE, Sparta, 111.

CHICAGO AND ILLINOIS SOUTHERN BB.— Junct. Illinois and Michigan Canal with souta
branch of Chicago River to C. & A. RR., 2,200 feet. Gausre, 4 ft. 8i in. Rail (steel), 70 IDS. This line is use!
for switching purposes by the Chicago and Alton RR. and by all other roads having car? destined for the Danville
Elevator. Capital stock (par, $100 ; auth., $5,000), $500; profit and loss, $1,710— total, representing cost, etc.,
$2,210.

POOR'S MANUAL OF RAILROADS. 129

Directors.— John S. Hannah, William T. Carrington, Geo. S. McReynolds, George M. Patch, T. C. Ilannan,
Chicago, 111. OFFICERS: JOHN S. HANNAH, Pres.; William T. Carrington, 1st \7ice-Pres.; Geo. M. Patch, Sec.;
George S. McReynolds, Treas., Chicago, 111. GENERAL OFFICE, 6 Sherman St., Chicago, 111.

CHICAGO AND KALAMAZOO TERMINAL RR. -Around Kalamazop, Mich., 2mile8. Gauge,
4 ft. 8^ in. Rail (steel), 56 Ibs. Chartered July 13, 1895. This is a terminal road, and will, when completed, have
9 m. of main track, with 5 m. of side tracks, branches, etc., connecting with 40 industries, such as factories, paper
mills, lumber and coal yards, etc., and with the following railroads : Michigan Central, Lake Shore and Michigan
Southern, Grand Rapids and Indiana RR., and Chicago, Kalamazoo and Saginaw Ry. Locomotive,!. Capital
stock (shares, $100) authorized, $100,000; paid in, §40,000. Estimated cost of completed road, $150,000.

Directors.— H. B. Peck, H. P. Kauffer, F. B. Lay, H. C. Reed, E. S. Roos, M. H. Lane, E. J. Phelps,
Lyman M. Gates, H. B. Hoyt, Kalamazoo, Mich. OFFICERS: M. H. LANE. Pres. & Gen. Man.; H. B. Peck, Vlce-
Pres.; F. B. Lay, Treas.; E. S. Roos, Sec.; Geo. T. Lay, Supt., Kalamazoo, Mich. GENERAL OFFICE, Kalama-
zoo, Mich.

CHICAGO AND SOUTH BEND RR.— At South Bend, Ind., 0.91 mile. Rail (steel), 60 Ibs. Gauge,
4 ft. 8J in. Chartered and road opened, Feb. 1,1892. Locomotive,!. Cars— freight (box, 48; flat, 8), 56. Of this
equipment 23 box cars and 8 flat cars were acquired through car trust.

Operations, year ending June 30, 1897.— Earnings (switching, $6,061; mileage, $5,781), $11,842. Operating
expenses, $8,062. Net earnings, $3,781 ; other receipts, $270— total, $4,051. Payments: Interest on bands, $558;
taxes, $573— total, $1,131. Surplus, $2,920.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $50,000 ; bills payable, $9,955 ; profit
and loss, §21,552— total, $81,507. Contra : Cost of road, etc., $82,026 ; accounts and cash, $2,799 ; materials, etc.,
$282— total, $81,507.

Directors (elected Jan. 27, 1898).— Clem Stndebaker, J. M. Studebaker, P. E. Stndebaker, C. W. Stover,
F. S. Fish, C. A. Carlisle, South Bend, Ind.; W. F. Studebaker. Chicago, 111. OFFICERS: CLEM STUDEBAKER,
Pres.; J. M. Studebaker, 1st Vice-Pres.; P. E. Studebaker, 2d Vice-Pres.; Clem Studebaker, Jr., Treas.; C. A.
Carlisle, Sec.: C. L. Millhouse, Gen. Man. & Asst. Treas.; N. J. Riley, And., Sonth Bend, Ind. GENEKAL OP-
PICE, South Bend, Ind.

CHICAGO AND SOUTHEASTERN RY.-Anderson, Ind., to Waveland June., Ind., 81 m.;
Brazil branch, Sand Creek to Brazil, Ind., 19 m.— total, 100 m.; sidings, 8 miles. Gauge, 4 ft. 8i in. Rail (steel,
72 m.), 56 and 60 Ibs. Organized in 1891 as successor to the Midland Ry. Co., and took possession Feb. 1, 1892.
The tracks of the " Vandalia " are used from Brown's Valley to Sand Creek, 12 miles. An extension from Wave-
land June, to Urbana, 111., 50 m., is projected. (See MANUAL for 1893.) Locomotives, 8. Cars — passenger*etc.,
6; combination, 2; freight (box, 10; gondola, 60), 70; service, 10— total cars, 88.

Operations, etc.— All information refused.

Financial Statement.— Capital stock authorized, $20,000 per mile ; amount outstanding not reported.
Funded debt.— 1st mtge. Midland of Ind. Ry. 5 p. c. 30-yr. $1,000 bonds, due Jan. 1, 1917, interest Jan. and July,
$375,000 ; consol. mtge. 5 p. c. 30-yr. gold bonds, dated Oct. 1, 1921 ; authorized, $20.000 p. m.; outstanding— not
reported. A sufficient amount of the consols is reserved to take up the Midland Ry. Ists. Trustee: Central Trust
Co., New York, N. Y. Interest due July 1, 1894, on Mid. Ind. Ists. was paid in Dec., 1894 ; interest due Jan.,
1895, was not p>iid when due. OFFICERS : HENRY CRAWFORD, Pres., Chicago, 111.; Henry Crawford, Jr., Gen.
Man., Chicago, 111.; H. Moore, Supt., Anderson, Ind. GENERAL OFFICE, Anderson, Ind.

CHICAGO, INDIANA AND EASTERN RY.— Projected : Converse to Richmond, Ind., 79 miles.
Completed : Jan. 1, 1897 : FairmounJ to Matthews, Ind., 10 miles. Gauge, 4 ft. 8i in. Rail (steel), 70 Ibs. Loco-
motive, 1. Cars- -passenger, 2 ; baggage, etc., 1 ; freight, 6— total, 9. Chartered March 8, 1893. Grading com-
pleted for an additional section of 15 miles, from Matthews to Muncie. Connections when completed will be
made at Converse with the P. C. C. & St. L. Ry., at Swayzee with the T., St. L. & K. C. Ry., at Fairmount with
the C., C., C. & St. L. Ry., at Muncie with the Lake Erie and Western and C., C., C. & St. L., and at Richmond
with the Grand Rapids and Indiana and the P. C. C. & St. L. Receiver appointed Nov. 23, 1895, but discharged
March 6, 1897, and the property restored to the company.

Financial Statement.— Capital stock (par, $50; auth. $10,000 per mile of standard gauge single track),
paid in, $100,000. Funded debt, 1st mtge. 5 p. c. 40-yr. gold bonds, dated Feb. 1, 1895, interest Jan. and July, at
trustees' oflice; authorized, $15,000 per mile of standard guage single track; issued, §150.000. Cost of road to
date, $170,000. Estimated cost of completed road, $700,000. Trustee of bonds: Illinois Trust and Savings Bank,
Chicago, 111.

Directors.— Eugene Stewart, John H. Miller, A. N. Lee, Walter C. Chiles, James A. Perry, William C.
Adams, Chicago, 111.; OFFICERS: EUGENE STEWART, Pres.; John H. Miller, Sec. & Treas.; H. E. Drew, Gen.
Mgr. GENERAL OFFICE, Fairmount, Ind.

CHICAGO UNION TRANSFER RY. CO.— Line of road, 5.35 m. ; 2d, 3d, and 4th tracks, 4.03 m.;
sidings, 25.01 miles. Rail (steel), 34.39 miles. Road not in operation. The company also owns 1,246.5 acres of
land.

Financial Statement.— Capital stock outstanding (preferred, $1,000,000; common, $1,000,000), $2,000,-
000. No bonds outstanding.

Directors (elected Oct. 5, 1897).— Samuel W. Allerton, Andrew Crawford, J. T. Harahan, C. W. Hillard,
Roswell Miller, H. H. Porter, E. P. Ripley, A. A. Sprague, W. H. Truesdale, Chicago, 111.; James McCrea, Pitts-
burgh, Pa.; A. B. Stickney, St. Paul, Minn. OFFICERS: H. H. PORTER, Pres.; Parke E.Simmons, Sec.; Andrew
Crawford, Treas. GENERAL OFFICE, First National Bank Bldg., Chicago, 111.

CHIPPEWA RIVER AND MENOMINEE RY.-Chippewa River, Wis., to Mills, N. W. i of
Sec. 7-37-8 W., 26.50 m.; Kegama Branch, 4 m. ; Weirgrove Branch, 2 m.— total, 32.5 m.; total track (steel; 50
Ibs.), 38 miles. Gauge, 4 ft. 8| in. Chartered Oct. 1, 1883; opened Nov., 1883, and abandoned May, 1888; re-located
and opened as above Nov., 1888. Locomolives, 4. Cars— combination, 1; freight (logging, 112 ; flat, 3 ; wood
box, 9), 124; other, 7— total, 132.

Operations, year ending June 30, 1897.— Earnings (passenger, $1; freight, $1,012; other, $1,830), $2,863.
Operating expenses, $5.686. Deficit from operations, $2,823.

Financial Statement, June 30, 1896 (latest rendered).— Current accounts, $117,435; profit and loss, $304,-
133— total, §421,568. Contra : Cost of property, $269,515; real estate, etc., $5,530; materials, etc., $11,860; accounts,
$134,664— total, 8421,568. Capital stock, authorized, $1.500,000.

Directors.— F. Weyurhaenser, Chippewa Falls, Wis.; O. H. Ingram, D. R. Moon, W. A. Rnst, Eau Claire,
Wis.; William Irvine, Chippewa Falls, Wis. OFFICERS: F. WEYERHAEUSER, Pw., Chippewa Falls, Wis.; O.H.
Ingram. Vice-Pres.: W. A. Rust, Treat.; D. R. Moon, Gen. Man., Ban Claire, Wis.; Wm. Irvine, Sec., Chippewa
Falls, Wis. GENERAL OFFICE, Chippewa Falls, Wis.

CINCINNATI AND WESTWOOD RR.— Cincinnati to Glenmore, O., 5.63 m.; sidings, 1 mile.
Rail (steel), 60 Ibs. Gauge, 4 ft. 8} in. Successor after foreclosure sale. May 30, 1887, to a company of the same
name. (See MANUAL for 1894.) Locomotives, 2. Cars— passenger, 3 ; freight (flat,, 6 — total, 9.

Operations, yoar ending June 80, 1897.— Earnings (passenger, $7.251 ; freight, $2,855; other, $244), $10,350.
Operating expenses, $15,004. Deficit from operations, $4, 654. Charges: Interest on bonds, $6,000; other interest,
$170; rentals, $1,197; taxes, $1,554— total, $8,921. Deficit. $13,576; deficit forward, $54,839— total, $68,415.

9

130 POOK'S MANUAL — CENTRAL NORTHERN GROUP.

Financial Statement, June 30, 1897.— Capital stock (auth., $300,000; shares, $50), $195,000; funded debt
(1st mtge. 6 p. c. 25-yr. $1,000 coup, bonds, due Aug. 1, 1916, interest Feb. and Aug., at company's office), $100,000;
bills payable, $43,697; unpaid interest, $29,940; borrowed money, $6,110— total, $374,747. Contra: Cost of road,
etc., $242,406; real estate and buildings, $8,400; coupons of 1876 bonds (exchanged for stock), $55,000; cash, $8;
other property and assets, $518; profit and loss, $68,415— total, $374,747. Trustee of bonds: D. B. Gamble, Cin-
cinnati, O.

Directors (elected Aug. 10, 1897). -J. N. Gamble, A. D. Shockley, J. W. Brown, D.B. Gamble, Cincinnati,
O.; P. M. Williams, Cheviot, O.; N. G. Hildreth, Geo. R. Penrose, West wood, O. OFFICERS: J. N. GAMBLE,
Pres. <& Gen. Man., Cincinnati, O.; P. M. Williams, Vice-Pres., Cheviot, O.; A. D. Shockley, Treas., Cincinnati,
O.; N. G. Hildreth, Sec. & And., Westwood, O. GENERAL OFFICE, Carew Building, Cincinnati, O.

CINCINNATI, GEORGETOWN AND PORTSMOUTH RR.-Cincinnati to Georgetown, O.,
42 m. ; sidings, 2 miles. Gauge, 3 ft. Rail— iron, 35 and 40 ; steel (15 m.), 60 Ibs. Organized March 21, 1881, as
successor to the Cincinnati and Portsmouth RR. Co., whose property was sold at judicial sale Sept. 11, 1880. (See
MANUAL for 1890.) Locomotives, 5. Cars— passenger, 1 1 ; baggage, etc., 1 ; freight (box, 20 ; stock, 7 ; flat, 20;
coal, 23), 70— total, 82.

Operations, year ending June 30, 1897.— Trains run (passenger, 51,314 ; freight, 3,276 ; mixed, 22,932 ;
other, 8,044), 85,566 miles. Passengers carried, 118,371. Tons moved, 15,110 ; ton-miles, 375,084. Earnings(pas-
senger, $34,196; freight, $15,592; other, $10,445), $60,233. Operating expenses, $60,794. Deficit from opera-
tions, $561. All income was spent on the property by consent of the owners (see MANUAL for 1897, p. 122).

Financial Statement, June 30, 1897.— Capital stock (auth., $500,000), $400,000 ; funded debt (1st mtge.
6 p. c. 20-yr. $1,000 coup, bonds, due April 1, 1901, interest April and Oct., auth., $500,000), $252,000 ; current
accounts, $3,772 ; unpaid interest, $70,260— total, $726,032. Contra : Cost of property, etc., $704,199 ; materials,
etc., $1,867 ; cash and accounts, $2,908 ; profit and loss, $17,057— total, $726,032. Interest payable by Central
Trust Co., New York. Trustee of bonds : Edmund K. Stallo.

Directors (elected Oct. 6, 1897).— W. W. Peabody, E. W. Kittridge, Alex. McDonald, Ralph Peters, H. G.
Roelker, E. W. White, F. G. Roelker, Cincinnati, O. OFFICERS : RALPH PETERS, Pres.; E. W. White, Vice-Pres.,
Gen. Man. £ And.; H. G. Roelker, Treas. & Sec., Cincinnati, O. GENERAL OFFICE, Cincinnati, O.

CINCINNATI NORTHWESTERN RY.— College Hill to Mt. Healthy, O., 6.5 m.; total track (60-
Ib. rail), 7 miles. Gauge, 4ft. 8} in. Chartered as College Hill RR. Co., in 1874 ; opened in Nov., 1877. Present
name adopted in Dec., 1883. Locomotives, 2. Cars— passenger, 2 ; baggage, etc., 1— total, 3.

Operations, year ending June 30, 1897.— Earnings (passenger, $1,903; freight, $7,793 ; other, $530), $10,-
227 ;' operating exi>enses, $6,831. Net earnings, $3,396. Paid interest on bonds, $1,500. Surplus, $1, 896 ; surplus
forward, $4,721— total, $6,617.

Financial Statement, June 30, 1897.— Capital stock, $150,000; funded debt (1st mtge. 5 p. c. bonds,
dated 1884, due 1900, interest May and Nov., in New York), $30,000 ; current accounts, $1,454 ; profit and loss, $6,-
617— total, $188,071. Contra : Cost of road, etc., $175.000 ; cash, $13,071— total, $188,071.

Directors (elected Jan., 1898.— Robert Simpson, J. R. Davey, Joseph F. Wright, W. T. Simpson, F. D.
Emerson, Robt. Simpson, Jr., Cincinnati, O. OFFICERS : ROBERT SIMPSON, Pres. & Gen. Man.; Jno. R. Davey,
Vice-Pres.; W. T. Simpson, Sec., Cincinnati, O. GENERAL OFFICE, Cincinnati, O.

CLEVELAND BELT AND TERMINAL RR.-From C., C. & So. RR. to C., C., C. & St. L. Ry.,
in Cleveland, O., 6.7m.; sidings, 6.1 miles. Gauge, 4 ft. 8± in. Rail (steel), 60 Ibs. Chartered May 12, 1891 ; road
opened Jan. , 1893. Locomotive, 1 .

Operations, year ending June 30, 1897.— Trains run (freight), 20,077 miles. Gross earnings (freight), $23,-
148. Operating expenses, $17,484. Net earnings, $5,664 ; surplus forward, $18,532— total, $24,195.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), common, $3,001,000 ; preferred, $190,-
300— total, $3,191,300 ; funded debt, §902,000 ; bills payable, $18,950; current accounts, $2,770; profit andloss, $24,-
195. Contra: Cost of road, $4,199,923 ; equipment, $6,616 ; cash and other assets, $3,891. Funded debt con-
sists of (auth.. $3.000,000) 1st mtge. 5 p. c. 50-yr. $1,000 coup, bonds, due 1941. Trustee of bonds : International
Trust Co., Boston, Mass. Interest payable June and Dec., at the company's office, Boston, Mass.

Directors.— A. C. Barstow, Providence, R. I.; Caleb E. Gowen. J. W. Wardwell, Henry C. Ranney, E. J.
Blanden, Cleveland, O. OFFICERS : A. C. BARSTOW, Pres., Providence, R. I.; Frederick Swift, Treas., 15 Wall
Street, New York, N. Y.; J. W. Wardwell, Sec. & Supt., Cleveland, O.; O. E. Chapman, Asst. Treas., Boston,
Mass. GENERAL OFFICE, 45 Milk St., Boston, Mass.

COLUMBUS, LANCASTER AND WELLSTON RY.-Lancaster Junct. to Bloomingville, O.,
34 miles. Gauge, 4 ft. 8^ in. Rail (steel), 65 Ibs. Successor after foreclosure sale, Sept. 1, 1897, to the Columbus,
Lancaster and Wellston RR. Co. (see MANUAL for 1897). An extension is under construction from South Bloom-
ingville to Wellston, O. The charter of the new company provides for the building of branches from Lancaster
to Thnrston, also to Me Arthur and Kingston, O. Locomotives, 3. Cars— passenger, 1 ; combination, 1;
freight (coal, 15 ; box, 1), 16— total, 18.

Operations, year ending June 30, 1897.— Trains run (mixed), 26,400 miles. Traffic operations, earnings,
etc., not reported.

Financial Statement.— Capital stock auth. by charter, $1,500,000. No bonds or debt outstanding.

Directors.— Wm. H. Stevenson, John G. Reeves, Philip Rising, B. F. Dunn, Wm. B. Maccracken, J. H.
Axline. Harry E. Becker, Andrew Baumen, Peter Miller, Lancaster, O.; Otis Ballard, A. Beach, Circleville, p.
OFFICERS : WM. H. STEVENSON, Pres. & Gen. Man.; John G. Reeves, Vice-Pres.; Philip Rising, Treas.; Benja-
min Dumm, Sec., Lancaster, O. GENERAL OFFICE, Lancaster, O.

DAYTON, LEBANON AND CINCINNATI RR.— Lebanon June, to Lebanon, O., 23 m.;
sidings, 0.5 milu. Rail— steel (8 m.), 60 Ibs.; iron (13. m.), 40 Ibs. Gauge, 4 ft. 8J in. Chartered Jan. 29, 1889 ;
road opened Jan. 1, 1893. Locomotive, 1. Cars— passenger, 1 ; flat, 35.

Operations, year ending June 30, 1897.— Trains run (mixed), 28,976 miles. Passengers carried, 6,272 :
carried one mile, 116,032. Tons moved, 43,640 ; ton-miles, 561 ,000. Earnings (passenger, $2,735 ; freight, $11,352 :
other, $574), $14,651. Operating expenses, $14,511. Net earnings, $150. Paid taxes, $583. Deficit, $433.

Financial Statement, June 30, 1897.— Capital stock, $280,200; accounts, $35,896— total, $316,096.
Contra : Cost of road, etc., $307,063 ; cash and current assets, $3,638 ; profit and loss, J5,395— total, $316.096.

Directors.— W. St. J. Jones, Geo. W. Lewis, Samuel Hunt, Gee. B. Kerper, F. H. Alms, Ralph Peters,
Cincinnati, O.; H. E. Talbott, Wm. P. Callahau, S. J. Patterson, Dayton, O. OFFICERS : WALTER ST. JOHN
JONES, Pres. & Treas.; Samuel Hunt, Vice-Pres.; J. W. Montgomery, Sec.; W. D. Gray, Auditor, Cincinnati, O.
GENERAL OFFICE, Cincinnati, O.

DE PUE, LADD AND EASTERN RR.— Seatonville to Ladd, 111., 3.5 miles. Gauge, 4ft. 8Jin.
Rail (steel), 70 Ibs. Chartered July 18, 1888. Operated by the C. B. & Q. RR. Co. as a switch to the coal mines of
the Chicago, Wilmington and Vermilion Coal Co. at Seatouville, 111. Capital stock auth. and paid in (shares,
$100). $30,000. No bonds outstanding.

Directors (elected June 1. 189(5).— Albert L. Sweet, Thomas A. Lemmon, Chicago, 111.; George S. House,
Joliet, 111.; W. S. Cherry, Streator, 111.; T. B. Corey, Seattle, Wash. OFFICERS : ALBERT L. SWEET, Pres., Chi-
cago, 111.; W. S. Cherry, Vice-Pres., Streator. 111.; Thomas A. Lemmon, Sec. & Treas., Chicago, 111. GENERAL
OFFICE, Chicago, 111.

POOR'S MANUAL OF RAILROADS. 131

DETROIT UNION RR. DEPOT AND STATION CO. (THE).— Organized to supply station
and depot accommodations at Detroit to railroads requiring them. The company's property cons-ists of station
grounds, about 40 acres, in the city of Detroit, and a railroad through the suburbs of tne city, about 8.33 m. in
length, together with about 7 m. of track in the yard. It owns freight houses, offices and other buildings for both
passenger and freight business ; also an elevator with a capacity of about 1,250,000 bushels. Its railroad through
the suburbs connects with the Wabash, the Flint and Pere Marqnette, and the Detroit, Grand Rapids and Western
RRs., and all of its property, except the elevator and appurtenances and the land upon which it stands, is leased
in perpetuity to those three companies.

Income Account, year ending Dec. 31, 1897.— Gross earnings, $111,408. Expenses, $20,073. Net earn-
ings, $91,335. Paid dividends (4 p. c.), $90,000. Surplus, $1,335 ; surplus forward, $25,473— total, 826,808.

Financial Statement. Dec. 31, 1897.— Capital stock (anth., $2,500,000), $2,250,000; surplus, $114,558;
accounts payable, $426 ; profit and loss, $26,808— total, $2,391,792. Contra: Construction, $2,250,000 ; additions
to property, $114,558 ; marine elevator leg, $7,750 ; accounts receivable, $10,585 ; cash, $8.899— total, $2,391, 792.

Directors.— James McMillan, Allan Shelden, James Joy, Wm. C. McMillan, Richard P. Joy, Truman H.
Newberry, Theodore D. Buhl, Henry B. Joy. OFFICERS : JAMES JOY, Pret.; Henry B. Joy, Vioe-Pres. & Treas.;
James G. Miller, Sec., Detroit, Mich. GENERAL OFFICE, Detroit, Mich.

DRUMMOND AND SOUTHWESTERN RY.— Drnmmond, Wis., to end of track, 9.25m.; Sec.

earnings, §4,511.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $10,000: funded debt (1st mtge. 6 p. c.
30-yr. bonds, dated Nov. 2, 1891 , interest payable annually at Eau Claire, Wis.), $50,000; current accounts, $90,326
—total. $150,326. Contra : Cost of property, $142,940 : materials, etc., $220 ; profit and loss, $7,166— total, $150,-
326. Trustee of bonds : H. H. Hayden, Eau Claire, Wis.

Directors. — John S. Owen, A. J. Rust, Ralph E. Rust, Eau Claire, Wis.; Frank Drnmmond, John G.
Riggs, Drnmmond. Wis. OFFICERS : JOHN S. OWEN, Pres.: A. J. Rust, Vice-Pres.; Ralph E. Rust, Sec. & Treat.,
Eau Claire, Wis.; F. Drummond, (fen. Man., Drnmmond, Wis. GENERAL OFFICE, Drummond, Wis.

EASTERN OHIO RR.— Cumberland to Campbells, O., 16.91 miles. Sidings, 3 miles. Rail (steel, 8
m.), 60 Ibs. Gauge, 4 ft. 8i in. Organized in May, 1891, as successor to the Cincinnati, Wheeling and New York
RR. Co. (See MANUAL for 1892.) Locomotives, 2. Cars— passenger, 2 ; baggage, etc., 1 ; freight (flat, 3 ; coal,
200), 203 — total, 206. One of the locomotives and all the coal cars are leased.

Operations, year ending June 30, 1897.— Trains run (freight, 8,959 ; mixed, 23,788), 32,747 miles. Pas-
sengers carried, 1 0,288; carried one mile, 81,339. Tons moved, 193,462; ton-miles, 1,531,404. Earnings (passenger,
$2,708; freight, $16,509; other, $1,142). $20,358. Operating expenses, $20,078. Net earnings, $280. Paid taxes,
$295. Deficit, $15. Surplus forward, $4,064 ; net surplus, $4,049.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $300,000 ; current accounts, $3,433 ;
profit and loss. $4,049— total, §307,481. Contra : Cost of road, etc., $300,000; real estate, $125; cash and accounts,
$7,356— total, $307,481.

Directors.— Orland Smith, Baltimore, Md.; F. L. Rosemond, J. W. Campbell, J. E McClelland, C. S. Mc-
Mahon, C. A. S. Pace, Cambridge, O.j W. H. Stevens, Cumberland, O. OFFICERS : ORLAND SMITH, Pres.; J.
V. McNeal, Treas.; G. W. Booth, And., Baltimore, Md.; F. L. Rosemond, Sec.; J.W.Campbell, (fen. Man.,
Cambridge, O. GENERAL OFFICE, Cumberland, O.

EAST ST. LOUIS CONNECTING RY.-Pope Glucose Works to Cahokia Creek, III., 8.13 m.;
sidings, etc., 28.69 miles. Gauge, 4 ft. 8± in. Rail (steel), 60 Ibs. Chartered Dec. 26, 1876 ; opened Oct. 28, 1879.
(See MANUAL for 1892.) Equipment consists of 9 freight engines and 30 dump care.

Operations, year ending June 30, 1897.— Earnings (switching), $196,402. Operating expenses, $147,019.
Net earnings, $49,3ai. Payments : Interest on debt, $31,353: taxes, $15,581; other payments, $12,189— total, $59,-
123. Deficit, $9,740; deficit forward, $144,410— total, $154,150.

Financial Statement, June 30, 1S97.— Capital stock (shares, $100), $20,000; bills payable, $551,379—
total, ji571,379. Contra : Cost of property, £412,892 ; real estate, etc., $4,337 ; profit and loss, $154,150— total,

Directors (elected Nov. 9, 1897).-John Scnllin, A. C. Church, Geo. L. Sands, S. W. Lee. St. Louis, Mo.;
Henry Sackman, Robert Cunningham, East St. Louis, 111.; C. W. Thomas, Belleville, 111. OFFICERS : JOHN
SCULLIN, Pres.; A. C. Church, Vice-Pres.; Henry L.Clark, Treas.; Philip C. Scanlan, Sec.; C. C. Leslie,
And., St. Louis, Mo. GENERAL OFFICE, St. Louis, Mo.

ELKHART AND WESTERN RR.— Elkhatf to Mishawaka, Ind., 11.81 miles. Sidings, 6.57 miles.
Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered June 1, 1888 ; road opened as above on Sept. 26, 1893. It is
proposed to extend the line 5 miles to South Bend, Ind. Locomotives, 2. Cars— combination, 1; flat, 7— total, 8.

Operations, year ending June 30, 1897.— Gross earnings, $24,000. Operating expenses, $12,000. Net
earnings, $12.000. Paid interest on bonds, $12,000.

Financial Statement, June 30, 1897.— Capital stock (shares, $100) authorized, $300,000. 1st mtge.
bonds (owned by the president of the company), $200,000. Contra: Cost of road, etc., $231,500 ; real estate, etc.,
$10,500; bills receivable, $3,000 ; cash, $6.460.

Directors (elected May 27, 1897).— H. E. Bncklen E. A. Warfleld, Chicaeo, 111.; J. R. Beardsley, C. H.
Winchester, Henry C. Dodge, J. L. Brodrick, E. C. Bickel, S. Maxon, W. J. Davis, Elkhart, Ind. OFFICERS :
H. E. BUCKLEN, Pres., Chicago, 111.; J.R. Beardsley, Vice-Pres.; C. H. Winchester, Treas.; S. Maxon, Sec., Gen.
Man. & Aud., Elkhart, Ind. GENERAL OFFICE, Elkhart, Ind.

EVANSVILLE, SUBURBAN AND NEWBUROH RY.-Evansville to Newburgh, Ind.,
10.9 miles. Rail (steel), 40 Ibs. Gauge, 4 ft. 9 in. Chartered Dec. 15, 1887 ; road opened as above June 1, 1889.
Locomotives, 4. Cars— passenger, 11; baggage, etc., 1; freight (box, 1; coal, 19), 20— total, 32.

Operations, year ending June 30, 1897.— Passengers carried, 65,838. Tons moved, 7,474. Earnings (pas-
senger, $7,479 ; freight, §3.297; mail, $468), $11,244. Operating expenses, $8,578. Net earnings, $2,666.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), authorized, $60,000 ; paid in, $51,-
900. No bonds. Cost of property, $150,000; real estate, $5,000.

Directors (elected July 6, 1897).— F. W. Cook, Geo. A. Cunningham, Lee Howell, Chas. W. Cook, Jos. B.
Cox, Gus Mulhausen, Evansville, Ind.; C. F.Hopkins, Newbnrgh, Ind. OFFICERS: F. W. COOK, Pres.; Lee
Howell, Vice-Pres. & Treas.; Gus Mulhausen, Sec. & Gen. Man., Evansville, Ind. GENERAL OFFICE, Evansville,
Ind.

FINDLAY, FORT WAYNE AND WESTERN RY.-Findlay, O., to Fort Wayne, Ind., 79.9
m.; Findlay spur, 0.10 m.— total, 80 miles. Sidings, 8.21 miles. Gauge, 4 ft. 8j in. Rail (steel), 60 and 65 Ibs.
Consolidation in Nov., 1894, of the Fort Wayne and Eastern Ry. Co. of Indiana and the Ohio Ry. Co. The latter
was successor, after foreclosure sale, April 9, 1894, to the Findlay, Fort Wayne and Western RR Co. (See
MANUAL for 1894, also MANUAL for 1897.) Locomotives, 5. Cars— passenger, 4 ; baggage, etc., 4 ; freight (box,
10; flat, 43 ; coal, 20 ; caboose, 2), 75— total, 83.

Operations, year ending June 30, 1897.— Trains run (passenger, 101,328 ; freight, 48,402), 149,730 miles.

132 POOR'S MANUAL — CENTRAL NORTHERN GROUP.

Passengers carried, 39.974 ; carried one mile, 979,111. Tons moved, 85,549 ; ton-miles, 2,526,653. Earnings (pas-
senger, $29,651 ; freight, §45,^04; other, $3,707), $78,561. Operating expenses, §84,118. Deficit from operations,
$5,557. Charges: Interest on bonds, $60,000; other, $10,514— total, $70,514. Deficit, $76,071 ; deficit forward,
$27,538— total, $103,609.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $2,000,000; funded debt (Istmtge.
5 p. c. 50-yr. $1,000 gold coupon bonds, due Jan. 1, 1945, interest Jan. and July, $1,200,000 ; 2d mtge. 5 p. c.
non-cumulative gold income bonds, due Jan. 1, 1945, interest Jan. and July, $800,000), $2,000,000; cnrrent
accounts, $142,835— total, $4,142,835. Contra; Cost of road, etc., $4,014,322; materials, etc., $745; other property
and assets, $9,925; cash, $14,235; profit and loss, $103,609— total, $4,142,835. The incomes (anth.. $800,000) were
exchanged for P.', P. W. & W. ER. bonds. Trustees of bonds : Mercantile Trust Co., N. Y., and Allen Zollars,
Fort Wayne, Ind. Interest payable at office of Mercantile Trust Co., New York, N. Y.

Directors (elected Feb. 1, 1898).— John Jacob Astor, Henry B. Ely, W. Seward Webb, Stephen Wood, New
York, N. Y.; George Chapman, Findlay, O.; C. M. Bissell, Fort Wayne, Ind.; Wm. T. Rainey, Cleveland, O.
OFFICERS : JOHN JACOB ASTOR, Pres.; W. Seward Webb, Vice-Pres., New York, N. Y.; C. M. Bissell, Gen. Man.,
Port Wayne, Ind.; Henry B. Ely, Treas.: Stephen Wood, Sec., New York, N. Y.; A. B. Merriam, Avd., Fort
Wayne, Ind. GENERAL OFFICE, Fort Wayne, Ind.

FULTON COUNTY NARROW-GAUGE RY.-Havana, 111., to Fairview, 111., 31m.; Fulton
County Extension Rfy. (leased), 30 m.— total, 61 m. ; total track (iron ; 36 Ibs.), 63.40 miles. Gauge, 3 ft. Chartered
Aug. 14, 1878; road opened Nov. 1, 1880 ; extension, Dec. I, 1880. The Fulton County Extension Ry. is leased
for 30 p. c. of gross earnings. Locomotives, 5. Cars — passenger, 4 ; baggage, etc., 1 ; freight (box, 41 ; -stock, 25 ;
flat, 18 ; coal, 75), 159 ; other, 8— total cars, 167.

Operations, year ending June 30, 1897.— Passengers carried, 32,192 ; carried one mile, 653,498. Tons
moved, 32,640 ; ton-miles, 1,044,480. Earnings (passenger, $12,426 ; freight, $22,287 ; other, $7,870), $42.583.
Operating expense?, $41,586. Net earnings, $997. Charges: Interest on bonds, $33,880 ; other interest, $128 ;
taxes, $3,011— total, $37,019. Deficit, $36,021 ; deficit forward, $491,370— total, $532,391.

Financial Statement, June 30, 1895 (latest rendered).— Capital stock, $636,794 ; funded debt (see below),
$484,000 ; other liabilities, $462,362— total, $1,583,156. Contra: Cost of road, etc., $1,121,870 ; materials, etc.,
§270 ; cash, $4,345 ; profit and loss, $456,671— total, $1,583,156. Funded debt consisted of $171,000 ($500,000 anth.)
1st mtge. (F. C. N.-G. Ry.) 7. p. c. bonds, dated May 1, 1881, due Nov. 1, 1910, interest May and Nov.; and $313,-
000 ($1,000,000 auth.) 1st mtge. (F. C. Ex.) 7 p. c. 30-yr. bonds, due July 1, 1912, interest Jan. and July. Trustees
of bonds : T. M. Stuart and E. A. Temple. On June 30, 1897, floating debt amounted to $540,006.

1st mtge. 7 p. o. 30-yr. bonds, due July 1, 1912, inter

FDLTON COUNTY EXTENSION RY.— Fairview
to Galesburg, 111., 31.3 m. ; total track, 31.91 miles.
Chartered Feb., 1881; road opened July, 1882. Leased
for 30 yrs., from June, 1882, to the Fulton County
Narrow-Gauge RR. Co., the rental being 30 p. c. of
gross earnings. Capital stock, $260,900; funded debt.

est May and Nov., $313,000— total, $573,900. Cost of
road, etc., $293,118. Officers: S. H. Mallory, Pres. ;
D. J. Thayer, Vice-Pres. & Sec.; F. R. Crocker,
Treas.; Chariton, la. General Office, Lewiston, 111.

Directors, F. C. N.-G. Ry. Co. (elected Ausr., 1897).— S. H. Mallory, T. M. Stuart, Jos. Braden, D. J. Thayer,
C. R. Kirk, Chariton, la.; Henry Phelps, J. A. Westblade, A. C. Atherton, Lewiston, 111.; E. A. Temple, Des
Moines, la.; A. Mallory, Creston, la.; Moses Turner, J. A. Gray, Canton, O. OFFICERS : S. H. MALLORY, Pres.
& Gen. Man.; D. J. Thayer, Vice-Pres. & Sec.; F. R. Crocker, Treas., Chariton, la.; J. A. Westblade, Acting
Auditor; W. G. Sharretts, Asst. Treas., Lewiston, 111. GENERAL OFFICE, Lewiston, 111.

GRAND RAPIDS TRANSFER AND JUNCTION RR.-In city of Grand Rapids, Mich., 1m.;
total track (rail; 56 Ibs.), 1.11 miles. Gauge, 4 ft. 84 in. Chartered Feb. 22, 1882 ; opened June 1, 1882. Designed
as a belt line to connect the different roads centring in the city of Grand Rapids, Mich. Controlled and operated
by the Chicago and West Mich. Ry. Co. Capital stock (shares, $100), representing cost of road, etc., $5,000.

Directors (elected June 2, 1897).— Franklin B. Wallin, Wm. T. Bentley, Wm. A. Hayes, Van A. Wallin,
Grand Rapids, Mich.; Thos. S. Wallin, Chicago. 111. OFFICERS : FRANKLIN B. WALLIN, Pres., Grand Rapids,
Mich.; Thos. S. Walling, Vice-Pres., Chicago, 111.; Van A. Wallin, Sec. & Treas., Grand Rapids^Mich. GENERAL
OFFICE, Grand Rapids, Mich.

HAZELHURST AND SOUTHEASTERN RY.— Hazelhurst to Hazelhurst Jet.. Wis., 13 m.;
Richardson to Marsh Lake, Wis., 4 m.— total, 17 miles. Gauge, 4 ft. 8J in. Rail (steel), 50 Ibs. Chartered Jan.
30, 1896 ; road opened as above Oct. 25, 1896. Locomotives, 2. Cars— passenger, 1 ; other, 54— total, 55.

Operations, year ending June 30, 1897.— Earnings (passenger, $475 ; freight, $17,337 ; other, $53), $17,865.
Operating expenses, $11,775. Net earnings, $6,090.

Financial Statement, June 30, 1897. —Capital stock (shares, §25), $100,000; profit and loss, $3,818— total,
$103.818. Contra : Cost of road, etc., $100,027; cash, $3,791— total, $103,818.

Directors.— W. C. Yawkey, W. H. Yawkey, C. C. Yawkey, J. W. Ferdon, L. H. Wheeler, Hazelhurst,
Wis. OFFICERS : W. C. YAWKET, Pres.; C. C. Yawkey, Vice-Pres. <& Gen. Man.; L. H. Wheeler, Sec.; W. H.
Yawkey, Treas., Hazelhurst, Wis. GENERAL OFFICE, Hazelhurst, Wis.

HILLSBORO RR.— Hillsboro to Sardinia, O., 19 miles. Gauge, 4 ft. 8J in. The Columbus and Maysville
Ry. Co. Southern Division was chartered April 27, 1877, to build a railroad from Washington, C. H. to Aberdeen,
O., about 85 miles. Construction was begun in Nov., 1877, and the road completed as above during 1880. In Oct.,
1880, the name was changed to Columbus and Maysville By. Co. The road was operated under lease by the Cin-
cinnati and Eastern Ry. Co. and by its successor, the Ohio and Northwestern RR. Co., but upon the reorganiza-
tion of the latter as the Cincinnati, Portsmouth and Virginia RR. Co. the lease was abandoned, the road continuing
to be operated, however, in connection with the C., P. & V. RR. (See MANUAL for 1890, p. 235.) The Hillsboro
RR. Co. was chartered Jan. 15, 1895, and took a Ipase of the C. <fc M. Ry. The road is operated independently.

Financial Statement, Dec. 31,1897.— Capital stock (anth., $10,000), $500: loans, §1,595; accounts payable,
$2,262; traffic accounts, $1, -473— total, $5,630. Contra : Cost of locomotive, $1,500; cash, $183; agents and others,
$3,203; deficit, $744— total, $5,630.

Directors (elected Feb. 9, 1898).— M. McKeehan, John Strain, J.E. McDermot, C. F. Whisler, James McGuire,
H. H. Richards, J. A. Head, J. E. Roads, J. M. Hiestand. J. A. McCoppin, Hillsboro, O. OFFICERS : M. MCKEEHAN,
Pres.; J. M. Hiestand, Treas.; J. E. McDermot, Sec., Hillsboro, O.; J. C. Gleason, Supt., Cincinnati, O. GEN-
ERAL OFFICE, Cincinnati, O.

ILLINOIS TERMINAL RR.— In the city of Alton, 111., 7.8 miles. Gauge, 4 ft. 8J in. Rail (steel),
66 Ibs. Chartered July 6, 1895 ; road opened Feb. 22, 1896. This road was built for the purpose of supplying
terminal facilities to the railroads entering the city of Alton, and also for the purpose of developing the manufac-
turing interests of that city. It is proposed to build during 1898 a line from the city limits to Wood River, a dis-
tance of 3.3 miles. Equipment (leased) : Locomotive, 1. Cars (box), 100.

Operations, year ending June 30, 1897.— Earnings (freight), $18,175. Operating expenses, $11,543. Net
earnings, $6,632 ; other receipts, $5,000— total, $11,632. Paid permanent improvements, etc., $10,516. Surplus,
$1,116 ; surplus forward, $918— total, $2,034.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $25,000 ; accounts, $2,792 ; profit and
loss, $2,034— total, $29,826. Contra : Cost of road, $20,320 ; stock assessments, $5,000 ; materials, etc., $337 ;
accounts, $3,877 ; cash, $292— total, $29,826.

POOR'S MANUAL OF RAILROADS. 133

Directors.— W. E. Smith, C. Levis, R. H. Levis, H. H. Ferguson, Alton, 111.; Geo. M. Levis, Upper
Alton, 111. OITICERS : WILLIAM ELIOT SMITH, Pres.; Geo. M. Levis, Vlce-Pres.; R. H. Levis, Treas.; Chas.
Levis, Sec.; H. H. Ferguson, Gen. Man., Alton, 111. GENEKAL OFFICE, Alton, 111.

INDIANA NORTHERN RR.— South Bend, Ind., to Myler, Ind., and switch tracks, 3.5 miles. 60-
Ib. steel rail. Gauge, 4 ft. 8i in. Chartered April 9, 1891 ; road opened Sept. 1, 1891. Operated as a belt line
connecting the Lake Shore and Michigan Southern, the Chicago and Grand Trunk, the Terre Haute and Logans-
port, and the Indiana, Illinois and Iowa Rys. with each other, and with various manufacturing plants at South
Bend, Ind. Locomotive,!. Earnings, year ending June 30, 1897, $3,668. Operating expenses, $3,478. Net earn-
ings, $196. Capital stock (shares, $100), authorized and paid in, $20.000. No funded or other debt.

Directors (elected April 5, 1897).— James Oliver, Joseph D. Oliver, George Ford, A. G. Oliver, J. O. Ford,
South Bend, Ind. OFFICERS: JAMES OLIVER, Pres.; Joseph D. Oliver, Gen. Man., Treas, & Purch. Agt.;
George Ford, Sec., South Bend, Ind. GENERAL OFFICE, South Bend, Ind.

INDIANAPOLIS UNION RY.-In Indianapolis, 0.93 mile. Leased : Belt RR. (see GENERAL
INDEX), 11.71 m.— total operated, 12.64m.; 2d track (owned, 0.-93 m. ; leased, 9.39m.), 10.32m.; sidings (owned,
3.08 m. ; leased, 6.22 m.), 9.30 miles. Gauge, 4 ft. 9 in. Rail (steel), 70 Ibs. Established in 1850. This is a coop-
erative terminal road, providing terminal facilities and doing a switching business for the roads entering Indian-
apolis, for which a charge is made on a train and mileage basis equalling the expense of operation, and no more.
In addition to the charge for operating expenses, each company using the property pays a fixed rental, out of
which is paid interest on bonds, Belt RR. rental, and interest on investments of the proprietary companies. On
Oct. 1, 1882, leased for 999 years the Belt RR., statement for which see. Locomotives (2 owned), 12 ; caboose
(owned), 1 ; work-train cars (leased, 10), 11 — tolalcars, 12.

Financial Statement, June 30, 1897.— Capital, $830,926 ; funded debt (1st mtge. 4| p. c. 40-yr. $1,000
coup, bonds, clue May 1, 1926, interest May and Nov., at office of Fidelity Insurance, Trust and Safe Deposit Co.,
Philadelphia, Pa. ; issued $1,000,000 ; retired through sinking fund, $45,000), outstanding, §955,000; current ac-
counts, gllS^^ ; bond interest accrued, $7,162 ; income (for sinking fund), $82,680— total, $1,994,740. Contra :

, , , ,.

Cost of property (including cost of viaduct over tracks, costing $187,203, donated to city of Indianapolis), $1,830,-
926; materials and fuel, $17,719; accounts, $67,899 ; cash, *33,960 ; investment forsinking fund, $28,236 ; billsre-
ceivable, $16,000— total, $1,994,740. Bonds are secured by mtge. on 4.94m. of main and side tracks ; also Union
Station and train sheds in city of Indianapolis. Trustees : Fidelity Insurance. Trust and Safe Deposit Co., Phila-
delphia, Pa., and Wm. N. Jackson, Indianapolis, Ind. The capital is furnished bj the P., C., C. & St. L. Ry. Co.,
the T. H. & I. RR. Co., and the C., C., C. & St. L. Ry. Co. The following-named railroads also use the property,
and have all privileges, and at the same terms as the proprietary companies : Feoria and Eastern ; Indiana, De-
catur and Western; Indianapolis and Vincennes; Cincinnati, Hamilton and Indianapolis; Lake Erie and Western,
and Louisville, New Albany and Chicago.

Board of Managers.— This board is composed of one representative from each railroad usingthe prop-
erty. OFFICERS : JAMES MCCREA, Pres., Pittsburgh, Pa.; E. F. Osborn, Vice-Pres., Cincinnati, O.; W. T. Can-
non, Treas. & Purch. Agt.; W. N. Jackson, Sec.; C. A. Vinnedge, Aud., Indianapolis, Ind. GENERAL OFFICE,
Indianapolis, Ind.

IRON RY.— Ironton to Centre, O., 12.75m.; branches, Ironton to Sarah Furnace, 2.75m.; Etna to Etna
Furnace, 1.25 m.; Etna to Cannon's Creek, 0.5m.; Bartle's to Long Hollow, 1.25 m.— total, 18.5 m; total track
(steel, 12.50m.; rail, 601bs.), 24.25 miles. Gauge, 4 ft. 8j in. (For history, see MANUAL for 1888, page 466.) The
Cincinnati, Hamilton and Dayton Ry. Co. has joint use of track from Dean to Ironton, at a rental of $833.33 per
month. Locomotives, 4. Cars—passenger, 2 ; freight (gondola, 40 ; coal, 90), 130 ; caboose, 2— total, 134.

Operations, year ending June 30, 1897. — Trains run (passenger, 180; freight, 429 ; mixed, 16,016 ; other,
37,406), 53,981 miles. Passengers carried, 7,171 ; carried one mile, 63,424. Tons moved, 64,445 ; ton-miles, 580,-
804. Earnings (passenger, $1,763 ; freight, $14,430 ; other, $21,642), $37,835. Operating expenses, $86,446. Net
earnings, $11,389. Paid taxes, $2,828. Surplus, $8,562.

Financial Statement. June 30, 1897.— Capital stock (shares, $100), $600,000 ; bills payable, $30,200 ; cur-
rent accounts, $5,580; surplus, $29,924— total, $665,704. Contra: Costof property, $657,926; bills receivable, $72£;
cash and current assets, $7,056 — total, $665,704.

Directors (elected July 19, 1897).— D. L. Ogg, C. C. Clarke. Rolston Clarke, Ironton, O. ; E. E. Floyd, Charles
R. Batt, Boston, Mass. OFFICERS : CHARLES R. BATT, Pres.; Walter H. Mitchell, Sec. & Treas., Boston, Mass.;
C. C. Clarke, Gen. Man., Ironton. O. GENERAL OFFICE, Ironton, O.

IVORYDALE AND MILL CREEK VALLEY RY.-Junc. C. H. &D. Ry. & C., C., C. & St. L.
Ry. at Ivorydale, O., and June. B. & O. g. W. Ry. at Ivorydale June., O., 6 miles. 56-11). steel rail. Gauge, 4 ft.
8i in. Chartered April 1, 1890 ; road opened in 1890. This company's business is exclusively switching, and
most of it is done for the Procter & Gamble Co., from which corporation the privileges are leased. Locomotives,
2. Cars (box, 3 ; flat, 2 ; tank, 60 ; coal, 1), 66. Capital stock (shares, $100), $100,000.

Operations, year ending June 30, 1897.— Earnings (freight, $34,722 • other, $5,131), $39,853. Operating
expenses, §19.580. Net earnings, $20,272. Paid rental, $25,000. Deficit, $4,728 ; surplus forward, $10,238 ; net
surplus, $5,511.

Directors (elected June, 1897).— William A. Procter, William C. Procter, J. H. French, Harry W. Brown,
John M. Macdonald, Cincinnati, O. OFFICERS : J. M. MACDONALD, Pres.; Harry W. Brown, Sec.; J. H. French,
Treas., Cincinnati, O. GENERAL OFFICE, Cincinnati, O.

JACKSONVILLE AND ST. LOUIS RY.— Jacksonville to Centralia, III., 112.30 m.; Chicago,
Greenville and Southern Ry. (leased), 3.9 m.; Louisville and St. Louis Ry. (leased), 16.58 m.; trackage, L. & N.
RR.: Driver's to Mt. Vernon, 4.9 m.— total operated, 137.68 miles. Sidings, etc., 13.95 miles. Gauge, 4 ft. 8i in.
Rail (steel), 56 Ibs. Successor, July 1, 1896, to the Jacksonville, Louisville and St. Louis Ry. Co., whose property
was sold under foreclosure on June 10, 1896, and purchased on behalf of the consol. mtge. bondholders, suoject
to $300,000 1st. mtge. Jacksonv. and Southeastern Ry., 6 p. c. bonds. Locomotives, 8. Cars— passenger, 9 ; bag-
gage, etc., 2 ; freight (box, 102 ; coal. 75), 177 ; caboose, 4 ; other, 6 — total, 198.

Operations, year ending June 30, 1897.— Trains run (passenger, 121,160; freight, 105,616), 226,776 miles.
Passengers carried, 126.555 ; carried one mile, 2,858,654. Tons moved, 185,768 ; ton-miles, 7,204.985. Earnings
(passenger, $61,138; freight, $115,865; other, $54,372), $231,377. Operating expenses, $170,460. Net earnings, $60,-
916. Payments: Interest on bonds, $26,750 ; taxes, $13,172 ; rentals, $5,580 ; other payments, $22— total, §45,525.
Surplus, $15.391.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,500,000 ; funded debt (see below),
$0,300.000; bills payable, $14,200 ; current accounts, $33,967 ; other liabilities, $7.566 ; profit and loss, $15,391—
total, $3,871.125. Contra : Costof property, $3,800,000 ; materials, etc., $9,548 ; other property and assets, $20,-
293 ; accounts, $33,246 ; cash, §8,038— total, $3,871,125. Funded debt consisted, June 30, 1897, of $300,000 1st
mtge. 6 p. c. J. & S. E. RR. 1st mtge. 6 p. c. 20- yr. $1,000 coup, bonds, due Jan. 1, W10, interest Jan. and July
(secured by mtge. on the railroad JacksonTille to Litchfield, 111., 54m.); §C50,000 1st consol. 5 p. c. $500 and §1,000
gold coup, bonds, due Oct. 1, 1925, interest April and Oct. (secured by mtge. on the line from Jacksonville to Cen-
tralia, 112m.); and $1,650,000 income mtge. 4 p. c. $500 and $1,000 coup, bonds, due Jan. 1, 1935, interest due July 1
each year, non-cumulative, to be paid only if earned (if full amount is not earned, then PO .nuch thereof as has
been earned)— total funded debt, $2,300,000. A sufficient amount ($300,000) of the consols is reserved to pay off

134 POCK'S MANUAL — CENTRAL NORTHERN GROUP.

the J. S. E. Ry. bonds at maturity. Interest on bonds payable at office of the Pennsylvania Co. for Insurance on
LiTes, etc., Philadelphia, Pa. Trustee : J. S. E. 6s. ; J. Henry Dunn and Edgar H. Butler ; 1st consol. mtge. and
income mtge. bonds, Pennsylvania Co. for Insurance on Lives and Granting Annuities, Philadelphia, Pa.

RAILROADS LEASED BY THE JACKSONVILLE AND ST. Louis RY. Co.

CHICAGO, GREENVILLE AND SOUTHERN
RY.— Durley to Greenville, 111., 3.7 miles. Gauge, 4
ft. 8i in. Rail (steel), 56 Ibs. Operated by the Jack-
sonville and St. Louis Ry. Co., without a written
lease, for operating expenses, no rental being paid
therefor. No further Information obtainable.

LOUISVILLE AND ST. LOUIS RR.— Centralia
to Drivers, 111., 16.40 m.; sidings, 0.76 mile. Trains
run over the Louisville and Nashville RR. from
Drivers to Mount Vernon, 5 miles. Built by the

Jacksonville Southeastern Ry. Co. Leased July 1,
1896, to the Jacksonville and St. Louis Ry. Co., at a
rental of $302.08 per month, the lease to run during
the receivership of C. H. Bosworth unless sooner
determined by order of the Court. The road was
sold under foreclosure Dec. 14, 1897, and bid in by
M. P. Ayere & Co., Jacksonville, 111. Up to the time
of going to press no reorganization had been affected
nor any change made in the relations borne to the J.
& St. L. Ry. Co.

Directors (J. & St. L. Ry. Co.).— Robert F. Kennedy, Jas. H. Dunn, Philadelphia, Pa.; Henry A.
Gardner, Geo. P. Lee, Livingston Griffin, Chicago, 111. OFFICERS : ROBERT P. KENNEDY, Pres., Philadelphia,
Pa.; Harry A. Gardner, Sec. <& Treas.; C. M. Stanton, Gen. Man., Jacksonville, 111. GENERAL OFFICE, Jackson-
ville, 111.

KEWATJNEE, GREEN BAY AND WESTERN RR.— Green Bay to Kewannee, Wis., 36.7m.;
sidings, 1.75 miles. Gauge, 4 ft. 8£in. Rail (steel, 36.7 m.), 56 Ibs. Chartered May 29, 1890 ; road opened Nov.
7, 1891. Locomotives, 2. Cars— passenger, 2; baggage, etc., 2 — total, 4.

Operations, year ending June 30, 1897. — Trams ran (mixed, 65,420 ; other, 5,030), 70,450 miles. Passengers
carried, 24,042 ; carried one mile, 475,277. Tons moved, 122,387 ; ton-miles, 3,682,056. Earnings (passenger, $13,-
898 ; freight, $53,331 ; other, $6,415), $73,644. Operating expenses, $34,401. Net earnings, $39,242. Payments :
Interest on bonds, $19,650 ; taxes, $405— total, 20,055. Surplus, $19,187.

Financial Statement, June 30, 1897. — Capital stock (shares, $100)— preferred, $199,200 ; common,
$465,750 ; funded debt (1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, due June 1, 1921, interest June 1 and Dec. 1),
$408,000; accounts, $3,533; profit and loss, $19,187— total, $1,095,675. Contra: Cost of road, etc., $1,083,350;
materials, etc., $520; current accounts, $6,642; cash, $5,163— total, $1,095.675. Interest payable at 40 Wall St.,
New York, N. Y. Trustee of bonds: Farmers' Loan and Trust Co., New York, N. Y.

Directors (elected June 28, 1897).— S. S. Palmer-Princeton, N. J.; C. L. Blair, New York, N. Y.; Mark T.
Cox, Morristown, N. J.; J. A. Jordan, Green Bay, Wis.; W. W. Carpill, La Crosse, Wis. OFFICERS: S. S.
PALMER, Pres., New York, N. Y.; W. W. Cargill, Vice-Pros., La Crosse, Wis.; Mark T. Cox, Sec. & Treas., New
York, N. Y. ; J. A. Jordan, Gen. Man., Green Bay, Wis. GENERAL OFFICE, Green Bay, Wis.

KICKAPOO V ALLEY AND NORTHERN RR.— Wauzeka to La Farge, Wis., 51 .3m.; sidings,
2.48 miles. Gauge, 4 ft. 8 in. Rail (steel), 56 and 70 Ibs. Chartered May 25, 1889; road opened to Soldiers' Grove,
Wis., 34 m., in June. 1892 ; extension to Readstown, 4.5 m. in Sept., 1896 ; from Readstown to La Farge, 12.8
m., in Oct., 1897. Receiver appointed on March 3, 1894. Locomotives (2 leased), 3. Cars — passenger, 1 ; baggage,
etc., 2 ; freight (box, 2 ; other, 18), 20— total, 23.

Operations, year ending June 30, 1897.— Trains run (mixed, 23,970 ; other, 108), 24,078 miles. Passengers
carried, 7,203 ; carried one mile, 128,747. Tons moved, 19,388; ton-miles, 552,164. Earnings (passenger, $3,683 ;
freight, $15,506 ; other, $1,997), $21,187. Operating expenses, $37,794. Deficit from operations, $16,607. Charges :
Interest on bonds, $30,000 ; on receiver's certificates, $10,033— total, $40,033. Deficit, $56,640 ; deficit forward,
$112,860— total, $169,501.

Financial Statement, June 30, 1897.— Capital stock (auth., $1,600,000 ; shares, $100), $114,000 ; funded
debt (collateral), $600,000 ; receiver's certificates, $240,000 ; other liabilities, $43,505— total, $997,505. Contra : Cost
of road, etc., $132,333; cash and current assets, $18,116- materials, etc., $1,430; sundries, $676,124; profit and
loss, $169,501— total, $997,505. The authorized amount or bonds is $1,600,000 ; none have been sold, but $600,000
are pledged as collateral. They are 1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, due in 1920, interest April and Oct.
The stock is also pledged as collateral. Receiver's certificates to the amount of $102,000 were issued— $37,000
on May 1, 1894, $25,000 on Jan. 9, 1885, and $40,000 on Feb. 10, 1896 ; $62,000 were issued for claims and better-
ments, and $40,000 for the extension to Readstown, 4.5 miles. On Feb. 10, 1897, by order of the Court an issue
of $240,000 was made, from the proceeds of which the $102,000 prior issues were redeemed. Trustee of bonds :
Continental Trust Co., New York, N. Y.

Directors (elected June 2, 1894). — Charles P. Cogswell, Gardner Green, Jr., Norwich, Ct.; Samuel McCord,
Milwaukee, Wis.; W. H. Thomson, Wauzeka, Wis.; U. M. Hartwell, Somerville, N. J.; Harry L. Butler, Madison,
Wis. ; Alexander Matheson, Elkhorn, Wis. OFFICERS : E. A. WADHAMS, Pec., Milwaukee, Wis. ; Cn AS. P.
COGSWELL, Pres. & Treas., Norwich, Ct.; W. H. Thomson, Vice-Pres. & Gen. Man., Wauzeka, Wis.; H. L.
Butler, Sec., Madison, Wis. GENERAL OFFICE, Wanzeka, Wis.

LAKE SIDE AND MARBLEHEAD RR.—Marblehead June, to Marblehead, O., 6.88 m. ; sidings,
4.24 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8} in. Organized Aug. 17, 1886 ; road opened Jan. 17, 1887. Loco-
motives, 2. Cars — passenger, 2 ; baggage, etc., 1 ; freight (box, 5 ; coal, 1), 6 ; caboose, 1 ; other, 1— total, 11.

Operations, year ending June 30, 1897.— Trains run (passenger, 9,904 ; freight, 4,368 ; other, 14,134),
28,406 miles. Passengers carried, 11,896 ; carried one mile, 79,680. Tons moved, 140,171 ; ton-miles, 964,376.
Earnings (passenger, $1,986 ; freight, $24,024 ; other, $247), $26,257. Operating expenses, $20,316. Net earn-
ings, $5,941 ; other receipts, $679— total, $6,620. Payments : Interest on bonds, $7,635 ; taxes, $1,095— total,
$8,730. Deficit, $2,110 ; surplus forward, $24,757 ; net surplus, $22,647.

Financial Statement, June 30, 1897. — Capital stock (shares, $100), $150,000 ; funded debt 1st mtge. 6 p. c.
30-yr. $1,000 coup, bonds, due April 1, 1922, interest April 1 and Oct. 1 ; auth., $150,000), outstanding, $125,000 ;
bills payable, $8,000 ; accounts, $18,548 ; accrued interest, $1,875; profit and loss, $22,647— total, $326,070. Contra :
Cost of road, etc., $254,488 ; real estate, $62.424 ; securities owned, $4,955 ; cash and accounts, $4,202 — total,
$326,070. Trustee of bonds : International Trust Co., Boston, Mass., at whose office interest is payable. The
bonds are subject to call ; $3,000 of them were called for payment in March, 1898.

Directors (elected Sept. 29, 1897).— William Chisholm, J. H. Morley, Caleb E. Gowen, Norman Kelley,
Fred A. Beckwith, G. E. Herrick, L. C. Hanna, Cleveland, O.: D. G. Cutler. Duluth, Minn.; George N. Smalley,
Boston, Mass. OFFICERS : NORMAN KELLEY, Pres.; Fred A. Beckwith, Vice-Pres.; Caleb E. Gowen, Treas. &
Gen. Man.; W. A. Pardee, Sec. & And., Cleveland, O. GENERAL OFFICE, Cleveland, O.

LAKE SUPERIOR TERMINAL AND TRANSFER RY.-In West Superior, Wis., 15.70
miles. Gauge, 4 ft. 8J in. Chartered Oct. 17, 1883 ; road opened in June, 1887. This is a switching road, built
for the purpose of transferring cars between the depots and tracks of the proprietary railway companies running
into West Superior, Wis. Locomotives, 7.

Operations, year ending June 30, 1897.— Earnings (passenger, $9,224 ; freight, $55,779 ; other, $384), $65,387.
Operating expenses, $55,146. Net earnings, $10,241 ; other receipts, $1,462— total, $11,703. Payments : Interest
on bonds, $11,625 ; taxes, $78— total, $11,703.

Financial Statement, June 30, 1897.— Capital stock (auth., $1,200,000 ; shares, $200), $94,200 ; funded
debt (1st mtge. 6 p. c. 20-yr. $1,000 coup, bonds, due April, 190D, interest April and Oct. in St. Paul, Minn.; auth.

POOR'S MANUAL OF RAILROADS. 135

$500,000), $195,000 ; current accounts, $12,309 ; accrued interest not due, $2,935— total, $304,433. Contra: Cost
of property, $203,119 ; real estate, etc., $91,015 ; materials, etc., $526 ; other property and assets, $200; cash,
$8,531 ; accounts, $1,041— total, $304.433. The bonds are secured by mtge. to the St. Paul Trust Co., St. Paul,
Minn., of all the property of the company.

Directors (elected Oct. 2, 1897).- A. B. Plough, J. W. Kendrick, W. A. Scott, F. E. Ward, St. Paul, Minn •
J. N. Hill, Duluth, Minn.; W. F. Fitch, Marquette, Mich. OFFICERS : J. W. KENDRICK, Pres., St. Paul, Minn •
J. N. Hill, Vice-Pres., Duluth, Minn.; F. J. Shepard, Sec. A Treas., St. Paul, Minn.; J. D. Finn, Svpt.,West
Superior, Wis. GENERAL OFFICE, St. Paul, Minn.

LAKE SUPERIOR AND ISHPEMING- RY.— Marqu'ette to Ishpeming, Mich., 21.12 miles. Sid-
ings (leased, 6.27 m.), 16.47 miles. Gauge, 4 ft. 8$ in. Rail (steel), 80 Ibs. Chartered in 1895 ; road opened as
above Aug. 12, 1896. Locomotives, 14. Cars— freight (flat, 20; coal and ore, 400), 420; caboose, 4— total, 424.

Operations, year ending Dec. 31, 1897.— Tons moved, 1,060,000; ton-miles, 21,308,369. Earnings, etc., not
reported.

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $100), $1,000,000; funded debt (6 p. c. 30-yr.
$1,000 gold bonds, due Jan. and July), $1,200,000— total stock and bonds, $2,200,000. Contra : Cost of property,
$2,310,000. Interest on bonds payable at the office of the trustee, Farmers' Loan and Trust Co., New York, N. Y.

Directors.— Jas. Laughlm, Jr., B. F. Jones, Jr., Pittsburgh, Pa. ; Wm. G. Pollock, J. H. Hoyt, Wm. G.
Mather, Cleveland, O.; J. H. Wade, New York, N. Y.; Geo. Hayden, Ishpeming, Mich. OFFICERS: WM. G.
MATHER, Pres., Cleveland, O.; Jas. Laughlin, Jr., Vice-Pres., Pittsburgh, Pa.; W.G.Pollock, Treas.; J.H.Hoyt,
Sec., Cleveland. O.; H. R. Harris, Gen. Man., Marquette, Mich. GENERAL, OFFICE, Cleveland, O.

LA SALLE AND BTTREATJ COUNTY RR.— La Salle, 111., to near June, of the C. & N. W. Ry.

and the C. B. & Q, in Bureau Co., 6.35 m. ; total track (steel; 65 Ibs.), 6.83 miles. Gange, 4 ft. 8J in. Chartered
Aug. 30, 1890; road built in 1892 and opened Oct., 1893.

Operations, year ending June 30, 1897.— Trains rnn (freight), 7,825 miles. Earnings (freight, $15,798;
other, $9), $15,807. Operating expenses, $10.919. Net earnings, $4,888. Paid dividends (6 p. c., Dec. 18, 1896),
$3,000. Surplus, $1,888; surplus forward, $3,603— total, $5,491.

Financial Statement, June 30, 1897.— Capital stock, $50,000; profit and loss, $5,491— total, $55,491.
Contra: Cost of road, $47,296; real estate, $3,001 ; accounts, $8,194— total, $55,491.

Directors (elected Dec., 1897).— Edward C. Hegeler, F. W. Matthiessen, G. Weerts, Charles Diesterweg,
La Salle, 111.; E. A. Matthiessen, Cornwall-on-the-Hndson, N. Y. OFFICERS: E. C. HEGELER, Pres.; G. Weerts,
Sec. & Treat., La Salle, 111. GENERAL OFFICE, La Salle, 111.

LITCHFIELD. CARROLLTON AND WEST

leased, J., L. & St. L. Ry., Barnett to Litchfield, III., 6.3 m.— to

4 ft. 8i in. Rail (steel, 5.15 m.), 56 Ibs. Road opened throughout,, oau. i, ioo<. r uruieny uperaieu in connection
with the Jacksonville Southeastern Ry., but turned over to its owners in Nov., 1893. Receiver appointed May 23,
1894. A bondholders' committee has been appointed, and bonds are being deposited with the Mercantile Trust
Co., New York, N- Y., and the Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa. In Sept., 1894,
receiver's certificates to the amount of $75,000 were authorized to provide for taxes, improvements, etc. Locomo-
tives, 3. Cars— passenger, 3; freight (box, 10; flat, 2; coal, 20); 32; caboose, 1— total, 36.

Operations, year ending June 30, 1897.— Passengers carried, 36,102; carried one mile, 656,912. Tons moved,
69,023; ton-miles, 1,234,241. Earnings (passenger, $20,272; freight, $35,825; other, $3,915), $60.012. Operating
expenses, $45,012. Net earnings, $14,940. Paid taxes, $6,663; other charges, $6,213— total, $12,876. Surplus,
$2,064; deficit forward, $18,258; net deficit, $16,194.

Receiver's General Balance Sheet, June 30, 1895 (latent rendered).— Current liabilities, $23,893; taxes
accrued, $2,059— total, $25.952. Contra : Debts of L. C. & W. RR. Co., prior to receivership paid, $4,498; profit
and loss, $21,454 — total, $25,952. On June 30, 1895, there were outstanding 815,125.45 receiver's certificates, Dear-
ing 6 p. c. interest, issued at various dates in 1894. On June 30, 1897, total liabilities amounted to $70,274.

Financial Statement.— Capital stock (shares, $100), $600,000; funded debt (1st mtge. 6 p. c. 30-yr. bonds,
due Jan. 1, 1916, interest Jan. and July at the American Exchange National Bank, New York), $516,000— total,
$1,110,000. Interest in default since Jan. 1, 1894. Consol. nitge. 5 p. c. bonds at the rate of $15.000 per mile were
authorized in 1893. JOSEPH DICKSON, Receiver, St. Louis, Mo.; T. W. Geer, Sui>t., Carlinville, 111. GENERAL
OFFICE, Carlinville, 111.

LOUISVILLE, NEW ALBANY AND CORYDON RR.-Corydon to Corydon June.. Ind.,
7.7 m. ; spur, Corydon to King's Cave, Ind., 4 m.— total, 11.7 m.; switches, 0.8 mile. Rail (steel, 4 m.), 35 and 60
Ibs. Gange, 4 ft. 8± in. Chartered 1883; opened May 1, 1890. Sold under foreclosure in Feb., 1888, and the com-
pany reorganized. Locomotives, 2. Cars — passenger,!; baggage, etc., 1; flat, 1 — total, 3. Freight cars supplied
by L., E. & St. L. Consolidated RR. Co.

Operations, yi'ar ending June 30, 1897. — Trains run (mixed), 14,508 miles. Passengers carried, 15,170;
carried one mile, 116,809. Tons moved, 10,000 ; ton-miles, 77,000. Earnings (passenger, $5,311; freight, $5,299;
other, $1,015), $11.626. Operating expenses, $9,741. Net earnings, $1.884. Charges: Interest on bonds, $3,000;
other interest, $1,750; taxes, $903— total, $5,653. Deficit, $3,769; surplus forward, $4,640; net surplus, $871.

Financial Statement, June 30, 1897.— Capital stock (anth., $150,000; shares, $100), $145,000; funded
debt (1st mtge. 6 p. c. 30-yr. $1.000 coup, bonds due 1918, interest May and Nov. at Corydon, Ind.; anth., $100,000),
$50,000: bills and accounts, $33.940; profit and loss, $871— total, $229,811. Contra: Cost of road, $80,632; due
on capital stock, $145,000 ; cash and accounts, $4,179— total, $229.811.

Directors (elected June 14, 1897).— M. J. O'Connor, Hartford, Conn.; W. N. Tracewell, G. W.Applegate, C.
M. Miller, G. K. Gwartney, Corydon, Ind.; St. John Boyle, John Green, Louisville, Ky.; Alex. H. Davis, Syra-
cuse, N. Y. OFFICERS: M. J. O'CONNOR, Pres., Hartford, Conn.; St. John Boyle, Vlce-Pret. & Treas., Louisville,
Ky.; W. N. Tracewell, Sec., Corydon, Ind. GENERAL OFFICE, Corydon, Ind.

MANISTIQUE RY.— J/ain. Line; Grand Marais to Germf ask, 39.50 m.; branches, Marais June, to
Hall's Camp, 16m.; main line to Starr, 4 m.— total, 59.50m.; sidings, etc., 8 m.: total track (steel; 56 Ibs.), 67.50
miles. Chartered Sept. 18, 1886 ; amended Oct. 21, 1889 ; first opened Oct. 20, 1886; as above in Oct., 1893. Lo-
comotives, 4. Cars— combination, 1; box, 1; flat, 95 ; caboose, 3; log, 40— total, 140.

Operations, year ending June 30, 1897.— Trains run (freight, 41,208; mixed, 25,600), 66.808 miles. Passen-
gers carried, 11,500; one mile, 218,500. Tons moved, 184,842 ; ton-miles, 4,294,935. Earnings (passenger, $8,638 ;
freight, $100,385 ; other, $1,753), $110.776. Operating expenses, $75,203. Net earnings, $35,573 ; other receipts,
$150— total, $35,723. Payments : Interest on bonds, $1,125 ; other interest, $4,955 ; taxes, $2,344— total, $8,424.
Surplus, $27,299 ; surplus forward, $241.410— total, $268,709.

Financial Statement, July 1, 1897.— Capital stock (auth., §500,000; shares, $100), $150,000; funded debt
(1st mtge. 6 p. c. $1,000 coup, bonds, dated April 1, 1897, due in 1902, interest April and Oct.), $75,000 ; accounts,
J9,894; accrued interest on bonds, $1.125; profit and loss, $208,709— total, $504,728. Contra ; Cost of road, $396,-
890; rolling stock, $83,6S9 ; materials, $5,875 ; bills receivable, $1,605 ; current accounts, $14.563 ; cash, $2.106—
total, ?504,728. Tru*tee-of bonds : Union Trust Co., Detroit, Mich.

Directors.— R. A. Alger, Washington, D. C.: M. S. Smith, J. C. McCaul, G. H. Stalker, Detroit, Mich.;
John Millen, Black River, Mich.: L. A. Hall, Bay Mills, Mich. OFFICERS: M. S. SMITH, Pres., Detroit, Mich.;
Lewis A. Hall, Vice-Pres.. Bay Mill*, Mich.; J. C. McCaul, Treas. & Sic.; G. H. Stalker Aud., Detroit, Mich.
GENERAL OFFICE, Detroit, Mich.

136 POOR'S MANUAL — CENTRAL NORTHERN GROUP.

MARIETTA, HOCKING AND NORTHERN RY.-Kingston to Adelphi, O., 10m.; total track
(steel); 10.30 miles. Gauge, 4 ft. 8i in. Organized May 17, 1893, and purchased the Kingston and Adelphi Ry.
(See MANUAL for 1893, page 189.) Locomotives, 2. Cars— passenger, 2. Capital stock (shares, $100), $100,000.

Operations, year ending June 30, 1895.— Earnings (freight), $4,600. Operating expenses, $4,600.

Directors.— Marcus Boggs, Alexander Renick, D. M. Massey, Albert Douglas, Jr., Joseph Atwell, Chilli-
cothe, O.; Robert Swinehart, Adelphi, O. OFFICERS : ALEXANDER RENICK, Pres.; Albert Douglas, Jr., Sec.,
Chillicothe, O. GENERAL OFFICE, Chillicothe, O.

MARINETTE, TOMAHAWK AND WESTERN RY.-Tomahawk to Harrison, Wis., 14.8
miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Chartered Oct. 9, 1894 ; road completed Nov. 27. 1895. Locomo-
tives, 2. Cars— passenger, 1 ; freight (flat), 10 ; other, 20— total, 31. Equipment leased from the Wisconsin and
Chippewa Ry. Co.

Operations, year ending June 30, 1897. — Trains ran (freight, 560; mixed, 10,600), 11,160 miles. Passengers
carried, 832 ; carried one mile, 9,204. Tons moved, 8,672. Earnings (passenger, $472 ; freight, $4,829 ; other,
$250), $6,4:33. Operating expenses, $6,433. Deficit from operations, $882.

Financial Statement, June 30, 1897.— Capital stock (auth., $1,000,000; shares, $100), $66,500 ; accounts,
$96,644— total, $163.144. Contra : Cost of road, $161,500; cash, $131; profit and loss, $1,513— total, $163,144.

Directors (elected Sept. 6, 1897).— Wilham H. Bradley, Prank G. Stark, A. H. Woodworth, John P.
Hughes, Tomahawk, Wis.; Jas. W. Bradley, Milwaukee, Wis. OFFICERS: WILLIAM H. BRADLEY, Pres. & Gen.
Man.; A. H. Woodworth, 1st Vice-Pres., Tomahawk, Wis.; W. T. Watkins, 2d Yice-Pret.., Minneapolis, Minn.;
Frank G. Stark, Sec., Treas. & And., Tomahawk, Wis. GENERAL OFFICE, Tomahawk, Wis.

MARSHFIELD AND SOUTHEASTERN RY.-Port Edwards to Marshfield, Wis., 30 miles.
Rail (steel), 72 Ibs. Gauge, 4 ft. 8J in. Chartered, Feb. 14, 1896, as successor to the Port Edwards, Centralia and
Northern RR. Co., whose property was sold under foreclosure on Feb. 11, 1896 (see MANUAL for 1895). An exten-
sion from Port Edwards to Nekoosa, 3 miles, was completed about Jan. 1, 1898. Locomotives, 2. Cars— passen-
ger, 1; freight (flat, 35; box, 7), 42— total, 43.

Operations, year ending June 30, 1897.— Earnings (passenger, $5,712; freight, $14,009), $19,721. Operating
expenses, $14,078. Net earnings, $5,643; surplus forward, $3,636— total, $9,279.

Financial Statement, June 30, 1897.— Capital stock (auth., $1,500,000 ; shares, $100), $400,000 ; funded
debt, $450,000; accounts, $572 ; profit and loss, $9,279— total, $859,851. Contra: Cost of road, etc., $850,000;
materials, etc., $2,000; surveying extension. $4,795; permanent improvements, $1,291; cash, $1,765 — total, $859,851.

Directors (elected Oct. 1-i, 1897). -Walter A. Scott, H. C. Ross. Chicago, III.; Thos. B. Scott, St. Paul, Minn.;
Chas. H. Grundy, Marshfield, Wis.; Jerome R. North, Green Bay, Wis. OFFICERS : WALTER A. SCOTT, Pres. <&
Treas., Chicago, 111.; Thos. B. Scott, Vice-Pres., St. Paul, Minn.; H. C. Ross, Sec., Chicago, 111.; Chas. H.
Grundy, Gen. Man., Marshfleld, Wis. GENERAL OFFICE, Marshfield, Wis.

MATTOON RY.— Aniwato Weikels, Wis., 21 miles. Gauge, 4 ft. 8} in. Chartered in February, 1895. The
line from Aniwa to Mattoon, 12 m., was built about 1889, and the_ extension to Weikela during 1896-97. The road
was built and is operated chiefly in connection with the lumbering interests of the Mattoon Manufacturing Co.,
of Sheboygan, Wis. Locomotives, 2. Cars— freight (box, 82 ; caboose, 2), 24 ; logging, 28— total, 52. Capital stock,
$10,000.

Directors.— Geo. B. Mattoon, Geo. J. Posson, E. E. Pantzer, Carroll Quimby, Sheboygan, Wis.; H. J.
Weeks, Aniwa, Wis. OFFICERS : GEO. B. MATTOON, Pres.; Geo. J. Posson, Vice-Pres.; E. E. Pantzer, Sec.
& Treas., Sheboygan, Wis.; H. J. Weeks, Supt., Aniwa, Wis. GENERAL OFFICE, Sheboygan, Wis.

MIDDLETOWN AND CINCINNATI RR.-Middletown to Middletown June., 14.1m.; branches
at Hageman and Middletown June., 1.34 m. — total, 15.44 miles. Sidings, 2.88 miles. Gauge, 4 ft. 8J in. Rail
(steel), 60 Ibs. Locomotives, 2. Cars — passenger, 2 ; combination, 1 ; freight (flat), 20 — total, 23.

Operations, year ending June 30, 1897.— Trains run (passenger, 7,320 ; freight, 21,960 ; other, 720), 30,000
miles. Passengers carried, 11,163 ; carried one mile, 111,630. Tons moved, 54.347 ; ton-miles, 435,796. Earnings
(passenger, $2,738 ; freight, $27,811 ; other, $6,925), $37,475. Operating expenses, $22,763. Net earnings,
$14,712 ; other receipts, $5,031— total, $19,744. Payments : Interest on bonds, $9,462 ; other payments, $6,163—
total, $15,625. Surplus, $4,118 ; surplus forward, $3,703— total, $7,822.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $200,000 ; funded debt (5 p. c. 6-yr.
mtge. $1,000 coup, bonds, due Dec. 28, 1899, interest payable quarterly at Merchants' National Bank, Middletown,
O., $140,000; bills payable, $9,000; other liabilities, $1,113 ; profit and loss, $7,822— total, $357,934. Contra:
Cost of road, etc., $357,165 ; materials, etc., $769— total, $357,934. Trustee of bonds : W. L. Dechant, Middle-
town, O.

Directors (elected Jan., 1897).— Paul J. Sorg, F. H. Ray, T. C. Simpson, John Omer, W. L. Dechant,
Middletown, O. OFFICERS: PAUL J. SORG, Pres.; Frank H. Ray, Vice-Pres.; W. L. Dechant, Sec.; J. L. Roney,
Treas., Middletown, O. GENERAL OFFICE, Middletown, O.

MILWAUKEE AND SUPERIOR RY.— Granville to Sussex, Wis., 11.6 m.; branches and spurs.
4.6 m., total track (steel ; 60 Ibs.), 16.2 miles. Gauge, 4 ft. 8£ in. Organized as Milwaukee, Menomonee Falls and
Western RR. Co., Oct. 4, 1885 ; name changed, Dec. 11, 1891. Work begun in May, 1897, on a 9-mile extension
from Sussex to North Lake, Wis. Locomotives, 3. Cars— passenger, 1 ; freight (flat), 20— total, 21.

Operations, year ending June 30, 1897.— Tons moved, 117,912. Earnings (passenger, $1,024 ; freight,
$31,356 ; other, $551), $32,931. Operating expenses, $17,978. Net earnings, $14,953 ; add other receipts, $802—
total, $15,755. Paid interest on debt, $8,032. Surplus, $7,723 ; surplus forward, $6,503— total, $14,226.

Financial Statement, June 30, 1897.— Capital stock (auth., $750,000 ; shares, $100) paid in, $125,000 ; bills
payable, $1:35.000; current accounts, $21,458; profit and loss, $14.226— total, *295,684. Contra: Cost of road,
$239,715 ; equipment, $28.568 ; current accounts, $27,401— total, $295.684. On Feb. 1, 1890, a mortgage was exe-
cuted to A. J. Frame of Waukesha, Wis., as trustee, to secure 1st mtge. 6 p. c. $1,000 coup, bonds, due Dec., 1909,
interest payable Jan. and July, of which $168,000 have been issued and deposited as collateral to secure $130,000
bills payable. Since the close of the fiscal year provision has been made for an issue of $300.000 additional bonds.

Directors (elected Oct. 30, 1897).— Winfield Smith, Abram H. Hadfield, Henry Herman, Milwaukee, Wis.;
Joseph Hadfield, Waukesha, Wis. OFFICERS: WINFIELD SMITH, Pres., Milwaukee, Wis.; Joseph Hadfield,
Vice-Prex. Waukesha, Wis.; Henry Herman, Treas.: S. Rosendale, Sec.; Geo. W. Wilson, Aud., Milwaukee,
Wis. GENERAL OFFICE, Milwaukee, Wis.

MINNESOTA AND WISCONSIN RR.— Spring Valley to Emerald, Wis., 26 m.; sidings, 5 miles.
Gauge, 4 ft. 8.} in. Rail (steel), 66 Ibs. Chartered Nov. 28, 1896, and on Dec. 1 following, succeeded the Minnesota
and ^Wisconsin Ry. Co., whose property was sold under foreclosure June 25, 1896 (see MANUAL for 1897). Loco-
motives, 3. Cars— passenger, 1 ; freight (caboose, 1 ; flat, 34), 35— total, 36.

Operations, year ending June 30, 1897.— Earnings (passenger, $829 ; freight, $6,775 ; other, $587), $8,191.
Operating expenses, $4,501. Net earnings, $3,630.

Financial Statement, Jan. 1, 1897 (latfst rendered).— Capital stock (shares, $100), $55,000. Funded debt
outstanding consists of $195,000 5 p. c. $1,000 coup, bonds dated Dec. 1, 1896, due 1927— total stock and bonds,
$250,000. Interest on bonds is payable Jan. 1 and July 1, at the office of the trustee from and after July 1, 1897,
except for the periods elapsing between July 1, 1898, to Dec. 31, 1898, and between Jan. 1, 1900, and June 30,

POOR'S MANUAL OF RAILROADS. 137

1900, during which time the bonds bear no interest. There were also issued $390,000 of income bonds secured by
8d mtge. on the railroad. Trustee of bonds : St. Paul Title, Insurance and Trust Co., St. Paul, Minn.

Directors.— C. J. Whitmore, G. D. Braman, Boston, Mass.; Maurice Auerbach, F. W. M. Cntcheon, C. A.
Severance, St. Paul, Minn.; D. M. Sabin, E. D. Buflington, Stillwater, Minn. OFFICERS: E. D. BUFFINGTON,
Pr-es., Stillwater, Minn.; Wm. Duwson, M,ce-Pres.; Herman Schefler, Treas.; Jas. W. Jones, Sec. & Awl., St.
Paul, Minn. GENERAL OFFICE, Spring Valley, Wis.

NORTHERN INDIANA RR.— In Hammond, Ind., 10 miles. Gaage, 4 ft. 8| in. Rail (steel), 60 Ibs.
Locomotive, 1. Chartered Sept. 28, 1893. Operates between the plant of the G. H. Hammond Co., Hammond.
Ind., and the Michigan (. entral. Louisville, Mew Albany and Chicago, Chicago and Erie, New "iork, Chicago and
St. Louis, Wabash, Chicago and Calumet Terminal, and Chicago, Hammond and Western RKs. Capital stock
(auth. and paid in), $70,000.

Directors.— J. P. Lyman, K. H. Bell, Hammond. Ind.; Edwin Chapman, Boston, Mass.; W. P Jenkins,
Jas. F. Meaghei, Chicago, 111.; Andrew Comstock, Providence, R. I. ; J. D. Standish, Detroit, Mich. OFFICERS :
J. P. LYMAN, Pres., Hammond, Ind.; Edwin Chapman, Vice-Pres., Boston, Mass.; J. A. Ostrom, Sec. & Treas.;
K. H. Bell, Gen. Man.; W. P. Jenkins, Traffic Man., Hammond, Ind. GENERAL, OFFICE, Hammond, Ind.

NORTHWESTERN COAL RY. -Allonez Bay, Wis., to St. Louis River on Minn. State Line, 12.88
m., total track (steel ; bO Ibs.), 19.61 miles. Gauge, 4 ft. 8i in. Chartered Dec. 9, 1892. Purchased in 1894 the
road of the Superior Belt Line and Terminal Ry. Co., extending from New Duluth, Minn., to Superior, Wis., 11.09
miles. Extended 1.73 miles by this company in the citjr of Superior, Wis. Locomotives, 2. Car (caboose), 1.

Operations, year ending Dec. 31, 1897.— Tons freight moved, 403,156; ton-miles, 1,588,483. Earnings
(freight). $10,109. Operating expenses, $29,556. Net earnings, $10,553 ; receipts from dock, $29,446— total, $39,-
999. Paid interest on bonds, $42,619. Deficit, $2,620 ; surplus forward. $10,520 ; net surplus, $7,900.

Financial Statement, Dec. 31, 1897.-Capital stock (shares, $100), $1,000,000 ; funded debt (1st mtge. 5
p. c. 80-yr. $1,000 coup, and reg. gold bonds, dated May 1, 1893, interest May and Nov. ; auth., $2,000,000), $1,000.-
000 ; bills payable, §20.000; current accounts, §12,773 ; sundries, $421 ; taxes not due, $1,162 : interest accrued,
$7,725 : profit and loss, $7,900— total, $2.049,981. Contra : Cost of road and equipment, $369,365 ; docks and fix-
tures, $543.815 ; dockage and terminal property, $999.300 ; treasury bonds, $86,000 ; materials, etc., $4,759 ; bills
and accounts, $39.467 ; cash, $7.275— total. $2,049,981. Interest on bonds payable at the office of the trustee,
Fanners' Loan and Trust Co., New York, N. Y.

Directors (elected Sept. 2. 1897). -E. N. Saunders, E. L. Shepley, St. Paul, Minn.: M.H.Taylor, Erie, Pa.;
Jos. Stickney. E. R. Halden, Robt. I. Jenks, New York, N. Y.; Wm. Endicott, Jr., Boston. Mass. OFFICERS:
E. N. SAUNDERS. Pres., St. Paul, Minn.; E. L. Shepley, Sec. & Treas., St. Paul, Minn.; Wm. P. Barrett, Gen.
Supt., Superior, Wis. GENERAL OFFICE, Superior, Wis.

OBERLIN AND LA GRANGE RY.— Oberlin, O., to Nickel Plate, O., 4.5 m.; total track (steel ; 50
Ibs.), 5 miles. Gauge, 4 ft. 8jin. Chartered Oct. 20, 1883 ; road opened April 12, 1884. Operated under contract
since March 29, 1884, by the L. S. & M. S. Ry. Co. Capital stock, $25,000 ; 6 p. c. 10-yr. mtge., interest Jan. and
July, at Cleveland, O., $12,000— total, $37,000. The bonds, which matured in 1894, were extended. Interest pay-
able at Cleveland, O.

Directors (elected Jan. 25, 1898).— Jas. Nicholl, J. V. Painter, E. A. Merritt, J. H. Wade, C. W. McCor-
mick. OFFICERS: JAS. NICHOLL, Pres. & Gen. Man., North Amherst, O.; J. V. Painter, Yice-Pres.; E. A.
Merritt, Sec. & Treas., Cleveland, O. GENERAL OFFICE, Cleveland, O.

OHIO RIVER AND LAKE ERIE RR.— Alliance to Bergholz, O., 36 m.; total track (steel ; 56
Ibs.), 38 miles. Gauge, 4 ft. 8i in. Chartered Nov. 5, 1897, as successor to the Lake Erie, Alliance and Southern
RR. Co., whose property was sold under foreclosure on Jan. 3, 1895, and bid in by a representative of the bond-
holders. (See MANUAL for 1897, p. 127.) Extensions are projecte_d from Alliance to Lake Erie, and from Berg-
holz to the Ohio River. Rolling stock, Jan. 1, 1898. — Locomotives, 3. Cars— passenger, 2 ; baggage, etc., 1 ;
freight (flat, 10 ; coal, 60), 70 ; caboose, 1— total, 74.

Operations, year ending June 30, 1897.— Trains run (mixed), 23,000 miles. Passengers carried, 5,470 ; one
mile, 11)7,072. Tons moved, 54,404 ; ton-miles, 1,172,410. Earnings (passenger, $2,448 ; freight, $19,305 ; other,
$3,792), $25,545. Operating expenses and taxes, $25,805. Deficit from operations, $260 ; other receipts, $4,000—
net income, $3,740. Charges: Interest on bonds, $29,160 ; permanent improvements, $4,000— total, $33,160. Defi-
cit for year, $29,420 ; deficit forward, $293,769— total, $323.189.

Financial Statement, Jan. 1 1898.— Capital stock authorized and paid up (par, $100), $500,000 ; funded
debt 1st mtge. 5 p. c. 20-yr. $1,000 gold coup, bonds, due Dec. 1, 1927, interest June and Dec. (auth., $700,000),
$360,000— total, representing cost of property, etc., $860.000. Trustee of bonds : Knickerbocker Trust Co., New
York. N. Y.

Directors.— G. E. Taintor, J. Adriance Bush, G. D. L'Huilier, New York, N. Y.: H. D. Emerson, D.
Fording, S. J. Williams, Alliance, O.; Lowe Emerson, Cincinnati, O. OFFICERS : G. E. TAINTOK, Pres., 11 Wall
St., New York, N. Y.; H. D. Emerson, Yice-Pres. & Gen. Supt., Alliance, O.; G. D. L'Hnlier, Sec. & Treat.,
New York. N. Y.; F. L. Chevee, Aud., Alliance, O. PRINCIPAL OFFICE AND ADDRESS, Alliance, O. New York
Office, 11 Wall Street.

OSHKOSH TRANSPORTATION CO.— In Oshkosh, Wis., 4.28 miles. Used by Chicago and North-
western Ry. Co., under switching contract.

Operations, year ending June 30, 1897.— Gross earnings, $7,967. Operating expenses, $2,620. Net earn-
ings, $5,347. Capital stock, representing cost, etc., $70,000.

Directors.— Howard Morris, E. B. Greenleaf, T. H. Gill. OFFICERS : HOWARD MORRIS, Pres. & Treas.;
E. B. Greenleaf, Sec., Milwaukee, Wis. GENERAL OFFICE, Milwaukee, Wis. , '

PAWNEE RR.— Pawnee to Auburn, 111., 9 m. ; sidings, 0.5 mile. Rail (steel, 9 m.), 60 Ibs. Gauge, 4 ft.
8i in. Organized Dec. 20, and chartered Dec. 25, 1888; road completed in 1889. Locomotives, 2. Cars— passen-
ger, 1 ; freight (coal), 1— total, 2.

Operations, year ending June 30, 1897.— Passengers carried, 10,287; carried one mile, 82.296. Tons moved,
14,570; ton-miles, 87,420. Earnings (passenger, $2,319: freight $7,762; other, $726), $10,817. Operating expenses,
$5,520. Net earnings, g5,297; other income, $84— total, $5,381. Charges : Interest on bonds, $2,160; on debt,
$908; taxes, $466— total, $3.534. Surplus, $1,848; additions for year, $7,215— total, $9,063. Deficit forward,
$14,400; deductions, $185— total, $14,585. Balance, deficit, $5,522.

Financial Statement, June 30, 1897.— Capital stock (anth., $100,000; shares, $100), $50,000; funded debt
(1st mtge. 6 p. c. 10-yr. $1,000 coup, bonds, dated Oct. 1, 1891, interest annually in Oct. at Springfield, 111.), $36,000;
other liabilities, $14,825— total, $ 100.825. Trustee of bonds: B. F. Caldwell,

Directors (elected Aug. 3, 1896).— H. R. Davis, Hiram White, D. A. Drennan, C. E. Clayton, Pawnee, 111.;
C. White, Taylorville, 111.; L. K. Davis, Springfield, 111. OFFICKRS: HIRAM WHITE, Pres.; D. A. Drennan, Vice-
Pres.; H. R. Davis, Treas. & Gen. Man.; C. E. Clayton, Sec.; M. C. White, And., Pawnee, 111. GENERAL
OFFICE, Pawnee, 111.

PEORIA AND PEKIN UNION RY.— Pekin, 111., to Peoria, 111., 9.4 m.; Peoria, 111., to Hollis, 111.,
7.2m.— total, 10.6 miles. 2d track, 9.0 m.; sidings, 49.0 miles. Gauge, 4 ft. 8i in. Rail (steel), 67 and 70 Ibs.

138

POOR'S MANUAL — CENTRAL NORTHERN GROUP.

Chartered Sept. 1, 1880 ; road opened Feb. 1, 1881. The Peoria and Springfield RR. and that part of the Peoria,
Pekiu and Jacksonville Ry. extending beiween Peoria and Pekin were acquired by purchase. Locomotives, 20.

Operations, year ending Dec. 31, 1897.— Earnings (passenger, $17,677 ; freight, $63,575 ; express and other,
$25,776 ; switching, $320,350 : rentals, $191,038), $618,406. Operating expenses, $268,861. Net earnings, $349,545.
Payments: Interest on bonds, $157,155; dividend (6 p. c.), $60,000 ; taxes, $34,800 ; rentals, $7,171— total, $258,-
626. Surplus, $91,019.

Capital stock, bonded debt, gross and net revenues, etc., for seven years (1890-96) ending June 30, and one
year (1897) ending Dec. 31 :

Years

1890..
1891..
1892..
1893..
1894..
1895 .

Capital
Stock.

$

.. 1,000,000
.. 1,000,000
.. 1,000,000
.. 1,000,000
.. 1,000,000
.. 1,000.000

Bonded
Debt.

2,994,000
2,994,000
2,994,000
2,994,000
2,994,000
»,994,000

Cost and
Invest-
ments.

4,203,361
4,218,861
4,241,196
4,293,150
4.350,987
4,393,659

RR.
Oper-
ated.
Milet.
18.10
18.10
18.10
18.01
18.01
18.14
18.14
16.60

Gross
Earn- (
ings.

$
299,458
375,918
598.086
620,367
593,262
604,558
671,935
618,406

Sxpen- Net

$ $
299,474 def. 16
264,812 111,106
390,859 207V227

Net ]

$
163,189
192,461
207,227

nterest
'barges.

$
157,155
157,165
157,155

Paid. (+ or >•
$ $
+ 6,034

+ 35,306

+ 50,072

370,482
392,490
393,905
310,232

222,780
212.068
278.030
308,174

212,068
278,030
308,174

157,155
157,155
157,155

. + 54,913

1896..
1897..

.. 1,000,000
.. 1,000,000

2,994,000
2,944,000

4.419,224
4^20,724

60,000 -29,553
60,000 + 91,019

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $100), $1,000,000 ; funded debt (see below),
$2,944,000 ; betterments. §426,723 ; accrued interest on bonds not yet payable, $29,267; accrued taxes, $34,604;
current liabilities, $159,858 ; profit and loss, $160,311— total, $4,754,763. Contra ; Cost of road, etc., $4,430,724 ;
cash and current assets, §299,280 ; materials, etc., $34,759— total, $4,754,763. Funded debt consisted, Dec. 31, 1897,
of $1,495,000 ($1,500.000 auth.) 1st mtge. 6 p. c. 40-yr. $1,000 gold coup, bonds, due Feb. 1, 1921, interest Feb., May,
Aug., and Nov.; and $1,449,000 ($1,500,000 auth.) 2d mtge. 4i p. c. 35-yr. $1,000 gold coup, bonds, due Feb. 1,
1921, interest May and Nov. Interest on bonds payable at the office of the trustee, the Central Trust Co., New
York. Principal of Ists is payable at the Metropolitan National Bank, New York ; of 2ds, at the Central Trust
Co., New York.

The capital stock is held by the following companies: Wabash RR. Co., 1,500 shares; Peoria, Decatur and
Evansville Ry., Peoria and Eastern Ry., and Chicago, Peoria and St. Louis RR. Co. of 111., each 2,500 shares; and
the Lake Erie and Western Ry., 1,000 shares. With the exception" of the Wabash RR. Co., each of these companies
pays, in addition to terminal charges for handling its business and cars at Peoria, a yearly rental of $22,500 for use
of this company's tracks: sufficient of this rental is pledged to payment of interest on the 1st mtge. bonds. An
annual rental of $22,500 is also paid by the Terre Haute and Indianapolis RR. Co., $13,500 by the Iowa Central,
and $22,500 by the Toledo, Peoria and Western Ry. Co., besides the usual terminal charges for handling their
business in Peoria.

Directors (as constituted April 1, 1898).— Till March, 1899 : C. E. Schaff, Cincinnati, O.; A. G. Palmer,
Evansville, Ind.; Bluford Wilson, Springfield, 111.; E. M. Armstrong, Peoria, 111. Till March, 1900: J. A. Bar-
nard, Indianapolis, Ind. ; E. O. Hopkins, Evansville, Ind.; H. W. Gays, Springfield, 111.; G. L. Bradbury, Chi-
cago, 111. Till March, 1901 : E. F. Osborn, Cincinnati, O.: W. J. Lewis, Evansville, Ind.j C. E. Kimball, New
York, N. Y. ;C. H. Bosworth, Peoria, 111. OFFICERS: G. L. BRADBURY, Pres., Chicago, 111.; C. H. Bosworth,
Vice-Pres. & Gen. Mgr.; J. F. Keifer, Treas.; H. K. Pinkney, Sec. & Aud., Peoria, 111. GENERAL OFFICE,
Peoria, 111.

PEORIA AND ST. LOTTIS BY.— Projected: Pekin to Springfield, 111., 55 miles. Completed : June
30, 1897, near Jan Jose, 111., 2 m. ; graded, San Jose to Green Valley, 111., 9 miles. Gauge, 4 ft. 8i in. Rail (steel),
65 Ibs. Chartered July 24, 1896. The entire line is under contract and expected to be completed by Aug., 1898.

Financial Statement, Jan. 1, 1897.— Capital stock ($100 shares) auth. and subscribed, $1.100,000; funded
debt (1st mtge. 5 p. c. 40-yr. gold bonds, due Aug. 1., 1936, interest Feb. and Aug., aulh., $1,100,000), $10,000 out-
standing. Interest payable at the office of the trustee, Knickerbocker Trust Co., New York, N. Y.

Directors.— Turney English, T. C. Mather, T. W. S. Kidd, ~

111.; E. B. Patch, T. C. Delavan, New York, N. Y. OFFICERS
Springfield, 111. GENERAL OFFICE, Springfield, 111.

Colburn F. Buck, W. L. Patteson, Springfield,
TURKEY ENGLISH, Pres.; W. L. Patteson, Sec.,

PITTSBURGH, LISBON AND WESTERN RY.-New Galilee, Pa., to Lisbon, O., 25 m.; track-
age : Coal RR., Cannelton Jet., Pa., to Sterling Mines, Pa., 3 m.— total, 28 miles. Gauge, 4 ft. 8i in. Rail (steel),
60 Ibs. Chartered May 1, 1896, as successor to the Pittsburgh, Marion and Chicago Ry. Co., whose road was sold
under foreclosure on April 13, 1896 (see MANUAL for 1895). Locomotives, 3. Cars— passenger, 1 ; baggage, etc.,
1; freight (flat, 3; coal, 20); caboose, 1; other, 1— total, 27.

Operations, year ending June 30, 1897.— Trains run (passenger, 31,800; freight, 13,350), 45,150 miles. Pas-
sengers carried, 29,620; carried one mile, 325,820. Tons moved, 168,460; ton-miles, 2,661,668. Earnings (passenger,
$7,967; freight, $35,559; other, $2,520), $46,046. Operating expenses, $31,286. Net earnings, $14,760; other
receipts, $67— total, $14,827. Payments: Interest on bonds, $7,500; taxes, $791— total, $8,221. Surplus, $6,605;
surplus forward, $202— total, $6,807.

Financial Statement, June 30, 1897.— Capital stock (shares, $50; auth., $200,000) $150,000; funded debt,
(1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds due July 1, 1926, interest Jan. and July at the treasurer's office, $150,000;
current accounts, $5,139 ; profit and loss, $6,807— total, $311,946. Contra : Cost of road, $248,736 ; rolling stock,
828,500; cash and current accounts, $34,711— total, $311,946. Trustee of bonds : W. S. Gurnee, Jr., New York,
N. Y.

Directors (elected Jan. 9, 1898).— A. S. Comstock, J. I. Raymond, F. W. Lockwood, W. S. Gurnee, Otto
Arens, New York, N. Y.; N. B. Billinsrsley, C. W. Bray, C. H. Smith, L. M. Scott, Lisbon, O. OFFICERS : A.
S. COMSTOCK, Pres. & Treat.; F. W. Lockwood, Tice-Pres., New York, N. Y.; R. W. Tayler, Sec.; C. H. Smith,
Gen. Man., Lisbon, O. GENERAL OFFICE, Lisbon, O.

BICE LAKE, DALLAS AND MENOMONIE RY.— Projected : Menomonie to Superior, Wis., 40
miles. Completed, June 30, 1896; Rice Lake to Cameron, Wis., 7.52 miles. Gauge, 4 ft. 8J in. Rail (iron), 56 Ibs.
Chartered Feb. 9, 1893; road opened Feb. 22, 1894. Locomotive, 1. Car (passenger), 1.

Operations, etc. — Information refused.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock, $60,000 ; funded debt (1st mtge. €
p. c. $1,000 coup, bonds, issued Dec. 15, 1893, due Jan. 1, 1914, interest Jan. and July), $60,000; bills and accounts.
$983 , vouchers, payable, $7,952— total, $137,786. Contra : Cost of road, etc., $98,501 ; accounts, $1,052 ; cash.
$483 : other property and assets, $32,685 ; profit and loss, S5,W>4— total, $137.786. Interest on bonds payable at
St. Paul, Minn. Trustee : St. Paul Title, Insurance and Trust Co., St. Paul, Minn.

POOR'S MANUAL OF RAILROADS. 139

Directors. — Geo. Fuller, H. E. Clark, II. M. Temple, St. Paul, Minn.; M. P. Barry, J. E. Horsman, Rice
Lake, Wis. OFFICERS : GEO. FULLER, Pres.; H. E. Clark, Vtoe-Pres., St. Paul, Minn.; J. E. Horsman, Sec. &
Treas., Rice Lake, Wis.; H. M. Temple, And., St. Paul, Minn. GENERAL OFFICE, Rice Lake, Wis.

ST. CLAIRSVILLE AND NORTHERN RY.-St. Clairsville to Barton, O..3.6 m.; total track
(steel ; 40 Ibsi, 4.0 miles. Gauge, 4 ft. 8* in. Chartered June 17, 1879. Owned by the village of St. Clairsville,
which issued for its construction $30,000 bonds. $4,000 of which are outstanding. Road opened Nov. 1. 1881.
Leased April 17, 1882, for 30 years, to St. Clairsville Co., which began operating it June 15, 1882. Locomotive, 1.
Car (combination), 1.

Operations, year ending June 30, 1897.— Passengers carried, 26.374 ; carried one mile, 79,122. Tons
ved, 22,532 ; ton-miles. 81,115. Earnings (passenger, $4,129 ; freight, $1,102; other, $546), $5,778. Ope

moved, 22,532 ; ton-miles. 81,115. Earnings (passenger, $4,129 ; freight, $1,102; other, $546), $5,778. Operating
expenses, $6,797. Deficit from operations, $1,019.

Financial Statement, June 30, 1895 (latest rendered).— Capital stock (par, $100), $5,000 ; accounts,
$1,100; profit and loss, $950— total, $7,050. Contra: Lease of road, etc., $5,000; other property and assets,
$1,650 ; real estate, $400 — total, $7,050. Bonds are secured by mortgage and by guarantee of St. Clairsville
village.

Directors (elected June 8, 1897).— A. C. Darrah, W. A. Hunt, John Carlisle, J. H. Boroff, David Darrah,
St. Clairsville, O. OFFICERS : A. C. DARBAH, Pres.; J. H. Boroff, Sec. & Treas., St. Clairsville, O. GENERAL
OFFICE, St. Clairsville, O.

ST. LOUIS, BELLEVILLE AND SOUTHERN RY.— East St. Louis to Belleville, 111., 13 m.;
total track (steel; 60 Ibs.), 14.68 miles. Gauge, 4 ft. 8^ in. Chartered as the Belleville City Ry. Co. in Feb., 1867;
name changed to present title on March 15, 1895. Road opened as above in May, 1895. Locomotives, 3. Cars —
flat, 20; coal, 100 ; caboose, 1— total, 121.

Operations, year ending June 30, 1897.— All information refused.

Financial Statement. — Capital stock authorized and paid in, $500,000. Funded debt authorized, $500,-
000 1st mtge. 5 p. c. 20-yr. $1,000 coup, bonds, due 1913, interest Jan. and July. None of the bonds were issued
up to April 1, 1897. Contra : Cost of road, $309,391 .

Directors.— E. H. Gary, W. J. Earner, Chas. D. Clark, W. H. Wakelee, Chicago, 111.: Samuel Leathe, St.
Louis, Mo. OFFICERS : E. H. GARY, Pres.; W. J. Karner, Sec. & Treas., Chicago, 111.; H. McCourt, Svpt., Cen-
tralia, 111. GENERAL OFFICE, Chicago, 111.

ST. LOUIS, CHICAGO AND ST. PAUL RY. OF ILLINOIS.-Springfield, 111. to Granite
City, 111. (E. St. Louis). 102.10 m.; Grafton Branch: Lock Haven to Grafton, 111.; 8.4 in.; trackage: B. & O.
S.W. Ry. and 111. Cent. RR. in Springfield, 111., 0.5 m.— total operated, 111.00 miles. Sidings, 15.36 miles. Gauge,
4 ft. 8i in. Rail— iron, 56 ; steel (107.29 m.), 56, 60 and 70 Ibs. Chartered May 15, 1897, as successor to the St.
Louis, Chicago and St. Paul RR. Co., whose property was sold under foreclosure on April 3, 1897, in pursuance
of the plan of reorganization outlined in the MANUAL for 1897, p. 132. Locomotives, 13. Cars— passenger, 20 ;
freight (box, 642 ; flat, 28; coal, 128); 798 ; caboose, 7 ; other, 23— total, 848. Of this equipment, 9 locomotives,
641 box, 8 flat. 102 coal, 7 caboose and 22 other cars are held under car trust. Since the close of the fiscal year 2
leased locomotives have been added to the equipment.

Operations, year ending June 80, 1897.— Trains run (passenger, 169,459 ; freight, 162,801 ; mixed, 2,768 ;
other, 117,018), 452.046 miles. Passengers carried, 136,718; carried one mile. 3,460,900. Tons moved, 390,229 ;
ton-miles, 24.971, 142. Earnings (passenger, $54,369 ; freight, $204,484 ; other, $12,264), $271.118. Operating ex-
penses, $281,820. Deficit f i om operations, $10,702. Miscellaneous receipts, $35,571. Net income, $24,870. Paid
taxes, $16,167. Surplus, $8,703.

Balance Sheet, June 1 to June 30, 1897.— Current accounts, $34,703. Contra: Cost of road (debt),
$19,608; of equipment, $391 ; materials, etc., $10,841; agents and conductors, $6,501 ; accounts, $22,904; cash,
$13,180; profit and loss, $554— total, $34,703.

Financial Statement.— Capital stock authorized, $1,500,000. Funded debt outstanding March 1, 1898,
consisted of §1,000,000 (anth., $1,500,000) 1st mtge. 5 p. c. 30- yr. $1,000 gold coup, bonds, due Nov. 1, 1927, inter-
est May and Nov.; and $1,235,000 2d mtge. 6 p. c. non-cumulative income 30-yr. $1,000 gold coup, bonds, due
Nov. 1, 1927, interest yearly in Jan. Trustees : 1st mtge., Mercantile Trust Co., and Louis Fitzgerald, New York,
N. Y. : 2d income mtge., Atlantic Trust Co., and L. V. F. Randolph, New York, N. Y.

Directors.— Chas. E. Kimball, Wm. H. Male, Geo. D. Mnmford, New York, N. Y.; Joseph Dickson, St.
Louis, Mo.; Benj. F.Johnston, St. Elmo, 111.; Ralph Blaisdell, C. Millard, Springfield, 111.; Pierrepont Isham,
Chas. E. Braden, Chicago, 111. OFFICERS : CHAS. E. KIMBALL, Pres., New York, N. Y.; Joseph Dickson, Vice-
Pres., St. Louis, Mo.; Ralph Blaisdell, Sec., Treas. & Aud. ; Henry W. Gays, Gen. Man., Springfield, 111.
GENERAL OFFICE, Springfield, 111.

ST. LOUIS, INDIANAPOLIS AND EASTERN RR. (Indiana and Wlnois Southern RR.),
— SwitzCity, Ind.. to Effingham, 111., 90 miles. Sidings, etc., 7.4 miles. Gauge, 4 ft. 9 in. Rail— iron, 45 Ibs.;
steel (90.a3m.), 60 and 651bs. The Indiana and Illinois Southern RR. Co. was organized May 12, 1886, by the
consolidation of the Indiana and Illinois Southern Ry. Co. and the Bloomfield RR. Co. (See MANUAL for 1888.)
The consolidated company issued $500,000 1st mtge. 5 p. c. bonds and $739,000 6 p. c. incomes. No interest was
paid from the outset, and the road was sold under foreclosure Jan. 6. 1890. It was purchased in the interest of
the bondholders, and was conveyed to the St. Louis, Indianapolis and Eastern RR. Co. on Feb. 6, 1890. It is still
operated under the old title. Locomotives, 7. Cars — passenger, 3 ; baggage, etc., 1 ; freight (flat, 1 ; coal, 100;
caboose, 2), 103; other cars, 2— total cars, 109.

Operations, year ending June 30, 1897.— Trains run (passenger, 48,337 ; freight, 52,494; other, 8,938), 109,-
7C9 miles. Passengers carried, 41,462; carried one mile, 580,468. Tons moved, 123,528; ton-miles, 2,717,616.
Earnings (passenger, S16.268; freight, $56,776 ; other, $3,631), $76,675. Operating expenses, $82,472. Deficit from
operations, $5,797. Payments : Interest on bonds, $7,470 ; other interest, $2,437 ; taxes. $6,848— total, $16,755.
Deficit, $22,552; deficit forward, §23,846— total, $46,398.

Financial Statement (St. L., I. & E. RR. Co.), June 30, 1897.— Capital stock (shares, $100), common,
$1.900 ; preferred, $739.000 ; funded debt (see below), $978,000 ; bills payable, $45,000 ; accounts, $39,275— total,
$1.803,175. Contra- Cost of road, etc., $1,726,272 ; securities owned, $19,000 ; materials, etc., $1,567 ; accounts
and cash, $9,938; profit and loss, $46,398— total, $1,803,175.

Funded debt outstanding consisted June 30, 1897, of $790,000 (anth. $5,000,000) 1st mtge. 5 p. c. 50-yr. $1,000
gold coup, bonds, due March 1, 1940, interest March and Sept., and $188,000 (anth., $300,000) 1st mtge. 6 p. c. 3-yr.
$1,000 coup, notes, dated Jan . 1 , 1896. interest Jan. and June. The 1st mtge. notes were authorized for the purpose
of relaying the remainder of the road, purchasing new equipment, etc. ; they are a first lien on all the property of
the company and have priority over the 1st mtge. bonds. Trustees : The Central Trust Co. of New York, and
Medford B. Wilson, Indianapolis, Ind. The share capital as authorized is §6.792,000 common stock and $4,528,-
000 preferred stock— total. $11,320,000. Preferred stock has preference for dividends up to 5 p. c.

Directors (elected Jan. 3, 1898).— John B. Lyon, W. H. Alley. J. T. Ilarahan. John Dunn, W. G. Brnen, D.
W. Ross, John L. Stockton, Chicago, 111.; P. H. Blue, John T. Hays, Sullivan, Ind. OFFICERS : WILLIAM H.
ALLEY, Pres.; J. B. Lyon, Tice-Pren.; J. L. Stockton, Treas.; J. T. Stockton, Sec., Chicago, 111.; P. H. Blue,
Gen. Man.; C. R. Hinkle, And., Sullivan, Ind. GENERAL OFFICE, Sullivan, Ind.

140 POOR'S MANUAL — CENTRAL NORTHERN GROUP.

ST. LOUIS. PEOBJA AND NORTHERN RY.-Grove (Peoria) to Glen Carbon, 111., 148.25
miles. Trackage : C. P. & St. L. Ry., Glen Carbon to E. St. Louis, ill., 18.3 in.; St. L. M. B. T. Hy., Madison,
111., to St. Louis, Mo., 4 5 m. ; P. & P. W. Ry., Grove to Peoria, 5 miles. Total operated, 165.61 miles. Sidings,
14 miles. Gauge, 4 ft. 8jin. Rail (steel), fiO and 70 Ibs. Incorp. Feb. 29, 1896, to take over and unite the St. Louis
and Eastern, the St. Louis and Peoria, and North and South Rvs., and to extend the same due north to Peoria,
a distance of 60m.. and from thence to EastClii'ton or Fulton, ill. (See MANUAL for 1896, p. 178.) The extension
from Springfield to Peoria, 03m., was completed Feb. 38, 1998. The tracks of the Peoria and Pekin Union Ry.
are used to gain entrance into Peoria. Locomotives, 12. Cars— passenger, 10; baggage, etc., 4 ; accommodation
coaches, 4 ; freight, caboose, etc., 1,347— total, 1,365.

Operations, year ending June 30, 1897.— Gross earnings, $766,502. Operating expenses, $657,962. Net
earnings, $108,540.

Financial Statement, Jan. 1, 1897.— Capital stock authorized (shares, $100), $5,000,000. Funded debt
outstanding consists of $182,000 St. Louis and Peoria Ry. 5 p. c. bonds and $2,140.000 St. L. P. & N. Ry. 1st
mtge. 5 p. c. 40-yr. $1,000 coup, and leg. gold bonds, due May 1, 1896, interest May and Nov. at the office of
Martland, Coppell & Co., New York— total, $2.322,COO. The authorized issue of 1st mtge. bonds \f> $5,000,000, of
which $1,808,000 have been issued, Jan. 1, 1897 ($182.000 of these bein<r reserved to retire the St. L. & P. Ists, and
§150,000 for the construction or acquisition of a line from Glen Carbon to Merchants' Bridge, St. Louis, Mo.),
and the remainder ($2,860,000) reserved to be issued at the rate of $20,000 p. m., including equipment, for roads
acquired or built north of Springfield, 111. These bonds are secured by mtge. to the Central Trust Co., New
York, N. Y., trustee, of all the railroad and its equipment, about 4, 500 acres of coal lands, mines, houses, yards, etc.

Directors.— Wm. E. Guy, Geo. O. Carpenter, Jr., C. D. McLure, W. F. Niedringhaus, W. L. Huse, St.
Louis, Mo.; Louis Kolb, Marine, 111.; E. W. Guy, Belleville, 111.; H. R. Durkee, J. S. Brewer, Chicago, 111.; C.
L. Conkling, J. H. Grout, Springfield, 111. OFFICERS : WM. E. GUY, Pres. <fe Gen. Man.; Geo. 0. Carpenter, Jr.,
Ilce-Pres.; J. C.Howe, Sec. & Treas., St. Louis, Mo. GENERAL OFFICE, St. Louis, Mo.

SALEM RR.— Salem to Washingtonville, O., 6.92 m.— total track (steel ; 60 Ibs.), 8 miles. Gauge, 4 ft.
8} in. Road opened in Sept., 1892. This road was built, under a special law of the Ohio Legislature authorizing
the city of Salem to bond itself for $125,000. These bonds are secured by the faith of the city and by a mortgage
on the railroad. The road was built and is managed and controlled by a board of trustees appointed by the
Common Pleas Court. The trustees are : B. S. Ambler, Joel Sharp, iind J. M. Woodruff. Receiver appointed
Jan. 12, 1897, in the suit of the State Trust Co., New York, against the city of Salem. Locomotive. 1. Cars— com-
bination, 1 ; coal, 5 ; caboose, 1 — total, 7.

Operations, yenr ending June 30, 1897.— Trains run (freight, 5.114 ; mixed, 15,340; other, 10,016), 30,470
miles. Passengers carried, 14,044 ; carried one mile, 35,110. Tons moved, 71,357 ; ton-miles, 356,785. Earnings
(passenger, $3.606 ; freight, $12,887 ; other, $1,396), $17,889. Operating expenses, §11.043. Net earnings, $6,845.
Payments: Interest on bonds, $7,500 ;. taxes, etc., x$144— total, §",644. Deficit, $799; surplus forward, $5,173 ;
net surplus, §4,3~4.

Financial Statement, June 30, 1897.— Bonded debt (mtge. 6 p. c. 20-yr. $1,000 coup, bonds, due Sept.
1, 1911, interest March and Sept.; $112,000 issued Sept. 1, 1891, and $13,000 Oct. 26. 1892), §125,000 ; current ac-
counts, $1,2:19 ; profit, $4,374— total, §130,673. Contra : Cost of road, $120,236 ; equipment, $8,256 ; materials,
etc., $500 ; accounts, $1.682— total, $130,673. B. S. AMBLER, Eec. & Gen Ally.; M. L. Mardis, Gen. Agt., Salem,
O. GENERAL OFFICE, Salem, O.

SOUTH HAVEN AND EASTERN RR.— Lawton to South Haven, Mich., 36.6 m.; sidings, 0.40
mile. Gauge, 3 ft. Rail (steel, 25 m.), 35 and 45 Ibs. Locomotives, 3. Cars — passenger, 6; baggage, e'c., 1 ;
freight (box), 12; flat, 13 ; coal, 4), 28 ; other, 1— total, 36. Reorganization, May 23, 1894, as successor to the
Toledo and South Haven Ry. Co. (For history of the latter company see MANUAL for 1893.)

QperationSj year ending June 30, 1897. — Trains run (mixed), 58,460. Passengers carried, 34,942; carried
one mile, 594,014. Tons moved, 10,756 ; ton-miles, 258,144. Earnings (passenger, §13,693; freight, $11,779; other,
$3,725), §29,197. Operating expenses, $29,157. Net earnings, $40. Payments: Interest on debt, $558; taxes,
$561— total, $1,119. Deficit, $1,080 ; surplus forward, $303 ; net deficit, $776.

Financial Statement, Jan. 30, 1897.— Capital stock (shares, $100)— common, $21 6,000 : preferred, $2,500,
funded debt (1st mtge. 30-yr. $1,000 gold coup, bonds, due April 1, 1925, interest (4 p. c. till April 1, 1900, and
5 p. c. thereafter, April and Oct., at the First National Bank, New York, N. Y.; auth. $250,000), $223.000; accounts,
$1,450 ; profit and loss, $303— total, $443,254. Contra: Cost of road, etc., $439,558 : materials, §265 ; accounts,
$2,331 ; cash, $273 ; profit and loss, §776— total, $443,254. Trustee of bonds : Farmers' Loan and Trust Co.,
New York, N. Y.

Directors (elected Oct. 23, 1897).— R. B. Dodson, Fred L. Reeves, New York, N. Y.; A. A. Patterson, Jr.,
D. H. Patterson, F. H. Benton, Benton Harbor, Mich.; D. F. McOmber, Berrien Springs, Mich. OFFICERS : A. A.
PATTERSON, Jr., Pres.: D. H. Patterson, Vice-Pres.; F. H. Benton, Sec., Benton Harbor, Mich.; R. B. Dobson,
Treas., New York, N. Y.; M. V. Meredith, Gen. Man., Paw Paw, Mich. GENERAL OFFICE, Benton Harbor, Mich.

TOLEDO AND OHIO CENTRAL EXTENSION RR.-Moore's Junction to Palos, O., 42.08m.;
branches, Stewart Junction to Stewart, O., 4.68 m.; Sharpsburg Junction to Sharpsbnrg, O., 2.74 m. — total. 49.5
miles. Sidings, 6.31 miles. Gauge, 4 ft. 8£in. Rail (iron), 56 Ibs.; steel (46 m.), 63 Ibs. Incorp. Aug. 27, 1888,
and succeeded, by purchase, on Nov. 4,1888, to the property of the Marietta, Columbus and Northern RR. Co.
(see MANUAL for 1892). On Nov. 10, 1893, a receiver was appointed. Locomotives, 3. Cars— passenger, 3 ; bag-
gage, etc., 3 ; freight (box, 6 : flat, 11 ; coal, 37), 54 ; tank, 2— total, 62.

Operations, year ending June 80, 1897.— Trains run (passenger, 62,251 ; mixed, 38,537), 100,788' miles.
Passengers carried, 56,463 ; earned one mile, 876,381. Tons moved, 131,130 ; ton-miles, 2,534,720. Earnings (pas-
senger, §18,960 ; freight, §38,461 ; other, $4,534), $61,955. Operating expenses, $65,980. Deficit from operations,
$4,025 ; surplus forward, §115,235 ; net surplus, §111.210.

Financial Statement, June 30, 18'.)7.— Capital stock (shares, $100), $2,100,000; funded debt, $2,100,000;
car trusts, $18,803; current accounts, $113,365; other liabilities, $186,064; profit and loss, $111,210- total, $4,629,-
442. Contra : Cost of road, etc., $4,015,436; stocks and bonds owned (old company), §196,600; American Deben-
ture Co., §06,080; American Debenture Co. trustee, $282.954; accounts, $62,630; cash, $5,742— total, $4,629,442.
Funded debt consists of $650,000 1st mtge. (Marietta Mineral Ry.) 0 p. c. $100, $500, and $1,000 coup, bonds,
dated Nov. 1, 1884, May 1, 1915, interest May and Nov.; $850,000 (authorized, $1,500,000) 1st mtge. (Tol. & O.
Cent. Ext.) 5 p. c. 50-yr. $1,000 coup, bonds, dated Nov. 1, 1888, due 1938, interest May and Nov.; and §600,COO 1st
gen. mtge. (Tol. & O. Cent. Ext.) 5 p. c. 20-yr. $1.000 coup, bonds, dated Aug., 1891, due 1911, interest Feb. and
Aug. The Marietta Mineral Ists are secured on 45 m. of road, and the consols on 53 miles. Of the latter, §650.000
are held to p vy off the prior bonds. The Toledo and Ohio Central RR. Co. guarantees interest on $300,000 (Nos.
1 to 300) of the consols, and this interest has been paid regularly. Suits in foreclosure have been brought under
all three mortgages. Trustees of bords: Marietta Minernl 1st mtge., Farmers' Loan and Trust Co., New York:
Tol. & Ohio Cent. Ext. 1st inture., Knickerbocker Trust Co., New York; Tol. & Ohio Cent. Ext. 1st gen. mtge..
American Debenture Co., Chicaco. III.

Directors.— T. D. Dale, A. D. Follett, C. E. Gard, Marietta, O.; E. Summerfield, Laurence, Kan.; C. D.
Turney, New York, N. Y. OFFICERS: T. D. DALE, Rec. <& Gen. Man., Marietta, O.; E. SUMMEBFIELD, Pres.
Laurence, Kan.; A. D. Follett, Sec.; F. L. Alexander, And., Marietta, O. GENERAL OFFICE, Marietta, O.

POOR'S MANUAL OF RAILROADS. 141

TOLEDO AND OHIO NORTHERN RY.— Projected: Toledo, O., through Fayette to a connection
with the Detroit and Chicago Ry. at the Indiana State Line, about 70 miles. Completed, Jan. 1 , 1897; Faylette, O.,
wett, 4.20 miles. Gauge, 4 ft. 8i in. Rail (steel), 65 IDS. Chartered Nov. 8, 1880; road opened in 1891. Con-
trolled by the Lake Shore & Mich. So. Ry. Co. Capital stock ($100 shares), auth., $1,050,000; subscribed, $527,-
000. No bonds.

Directors.— C. Vanderbilt, W. K. Vanderbilt, F. W. Vanderbilt, New York, N. Y.; W. H. Canniff, P. P.
Wrisiht, Dan. P. Eells, O. G. Getzen-Danner, Cleveland, O F. 1). Potter, Jr., Toledo, O. OFFICERS: (Presidency,
vacant); O. G. Getzen-Danner, Sec. & Treat. GENERAL O cj, Cleveland, O.

senger, 3; baggage, etc., 3 ; freight (box, 10 ; flat, 6; coal, 73; caboose, 2), 91; other, 2— total, !

Operations, year ending June 30, 1897.— Trains run (passenger, 46,810; freight 19,371; mixed, 34,886),
101 ,067 miles. Passengers earned, 54,118; earned one mile, 971,475. Tons moved, 85,920; ton-miles, 2,270,772.
Earninss (passenger, $25,976; freight, $49,689; other. $8,041), $83,705. Operating expenses, $59,455. Net earn-
ings, $24,250: other receipts, $94— total. $24,344. Payments: Interest on bonds, $34,500; taxes, $5,816— total,
$40,316. Deficit, $15,971; deficit forward, $49,390— total, $65.362.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,250,000; funded debt (Istmtge. 5
p. c. 30-yr. $1,000 coup, bonds, due July 1, 1918, $300,000 ; 1st consol. 5 p. c. $1,000 coup, bonds, dated 18!>3, due
1928, authorized, $1,000.000 ; outstanding. $390,000). $690,000 ; current accounts, $5,022; interest coupons, $58,-
500 -total, $2,003,522. Contra : Cost of road, $1,911,884; rolling stock, $20,541 ; bills receivable, $1,346: accounts,
$1,342 ; cash, $3,048 ; profit and loss, $65,361— total, $2,003,522. Interest on both, issues of bonds payable Jan.
and July— on Ists at National Bank of Commerce, St. Louis, Mo.; on consols, at the National Bank of Com-
merce, New York, N. Y. Trustees of bonds : 1st mtge., Wm. E. Burr, St. Louis, Mo.; 1st consols., Union Trust
Co., St. Louis, Mo.

Directors (elected March 3, 1897).— Nathan Cole, St. Louis, Mo.; C. B. Cole, H. C. Cole, J. J. Morrison,
Chester, 111.; Geo. W. Evans, Mt. Vemon, 111. OFFICERS: NATHAN COI.E, Prea , St. Louis, Mo.; Charles B.
Cole, Vice-Pres., Treas. & Gen. Man.; C. E. Kiugsbury, And.; H. C. Cole, Sec., Chester, 111. GENERAL OF-
FICE, Chester, 111.

WAUKEGAN AND MISSISSIPPI VALLEY RY.-Waukegan to North Chicago, III., 3 m. of
main track and 7 m. of side track ; used for the present solely for switching business. The company was
chartered Aug. 28, 1893, to build about 40 m. of railroad in Lake County, 111. Road opened as above in 1896.
Capital stock, $60,000.

Directors.— W. P. Sidley, C. T. Boynton, G. P. Wafhburn. OFFICERS : WM. P. SIDLEY, Pres.; G. P.
Washburn, Sec. & Treas.; T. L. Wolf, Gen. Man., Chicago, 111. GENERAL OFFICE, 160 Lake St., Chicago, 111.

WISCONSIN AND CHIPPEWA RY. -Tomahawk to Tomahawk June., Wis., 6 m.; Jersey City
to Spirit Falls, 13.5m. -total, 19.00 miles. Gauge, 4 ft. S^m. Rail (steel), 60 Ibs. Chartered July 29, 1891 , road
opened in Aug., 1891. Locomotives (leased 1), 4. Cars — passenger, 2; freight (flat), 10; other, 34— total, 46.

Operations, year ending June 30, 1897.— Trains run (freight, 3,090 ; mixed, 22,045 ; other, 2,190), 27,325
miles. Passengers carried, 7,025 ; carried one mile, 37,964. Tons moved, 17,364 ; ton-miles, 78,138. Earnings
(passenger, $1,445; freight, $6,095; other, $167), $7,^07. Operating expenses, $9,611. Loss on operations, $1,904.
Paid taxes, $126. Deficit, $2,030 ; deficit forward, $944— total, $2,974.

Financial Statement, June 30, 1897.— Capital stock (anth., $100,000), $75,000; accounts, $137,253— total,
$212,253. Contra : Cost of roafl, etc., $207,344; cash, $1,935: profit and loss, $2,974- total, $212,253.

Directors (elected Sept. 8, 1897).— Joshua Stark, Jas. W. Bradley, Milwaukee, Wis.; Frank G. Stark, Wm.
H. Bradley, Tomahawk, Wis.; Henry R. Bradley, Bangor, Me. OFFICERS : WM. H. BRADLEY, Pres. & Gen.
Man.; Henry R. Bradley, 1st Vice-Pres., Bangor, Me.; W. T. Watkins, Zd Vice- P rex., ^ Minneapolis, Minn.; Frank
G. Stark, Sec., Treas. & Aud., Tomahawk, Wis. GENERAL OFFICE, Tomahawk, Wis.

ZANESVILLE AND OHIO RIVER RY.— Zanesville, O., to W. Marietta, O., 72.04 miles. Track-
age : C. & M. V. JRB.: In Zanesville, 1.60 m.; B. & O. 8. W. Ey.: In Marietta, O., 0.62 mile. Total road
operated, 74.26 m.; eidings, etc., 10.65 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 and 60 Ibs. Reorganization
in 1885, of the Chicago, Zanesville and Atlantic Ry. Co. Road opened to Marietta, July 1, 1888. (See MANUAL
for 1891.) Receiver appointed July 19, 1892. Interest is in default since Aug. 1, 1889, and foreclosure suit, is in
progress. (For proposed plan of reorganization, etc., see MANUAL for 1894.) Locomotives, 7. Cars— passen-
ger, 8; baggage, etc., 3; freight (box, 28; coal, 89; flat, 23), 140; caboose, 2; other, 3-total, 156.

Operations, year ending June 30, 1897.— Trains run (passenger, 97,189 ; freight, 49,113), 146,302 miles.
Passengers carried, 97,&32 ; canned one mile, 2.446.803. Tons moved, 138,204 ; ton-miles, 4,698,683. Earnings
(passenger, $48,260 ; freight, $65,987 ; other, $10,098), $124,344. Operating expenses, $105,110. Net earnings,
$19.234. Payments : Interest on bond?, $120,000 ; other payments, $13,694— total, $133,694. Deficit, $114,460;
deficit forward, $804,672— total, $919,132.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), issued for construction, $2,000,000;
funded debt (1st mtge. 6 p. c. 30-yr. $100 and $1,000 coup, bonds, due Feb. 1, 1916, interest Feb. and Aug.), $2,-
000,000; bills payable, $9,316 ; current accounts, $22,119 ; other liabilities, $27,230 : receiver's certificates, $21,000;
lease warrants, $713,034 ; matured interest on coupons, $1.010.000— total, $5,202,699. Contra: Cost of road and
equipment, $4,134,916 ; contract covering lease of cars, $117,172 ; materials and supplies, $5,670 ; accounts, $22,-
597; cash on hand, $3,212 ; profit and loss, $919,132— total, $5,202,699. Trustee of bonds : Mercantile Trust Co.,
New York, N. Y.

Directors (elected Sept., 1897).— H. B. Hollins, August Belmont, C. M. Wicker, C. L. Horton, New York,
N. Y. ; H. P. Scott, Wilmington, Del. ; T. W. Moore. Marietta, O. ; E. M. Stanbery, McConnelsville, O. ; John Hoge,
W. A. Graham, Jas. Buckingham, R. D. Schnltz, F. A. Durban, H. B. Dick, Zanesville, O. OFFICERS : J. HOPE
SUTOR, Efc. <& Gen. Man.; C. M. WICKER, Pres., New York, N. Y.; F. A. Durban, Vice-Pres.: A. P. Deeds, Aud.,
Zanesville, O. GENERAL OFFICE, Zanesville, O.

142

POOR'S MANUAL — SOUTH ATLANTIC GROUP.

SOUTH ATLANTIC GROUP— States of Virginia, West Virginia,
North Carolina, South Carolina, Georgia, and Florida.

pW Railroads associated with others, forming Systems, or those reporting for the calendar year, if not in
alphabetical order following, may be found by referring to the GENERAL INDEX.

ATLANTA AND WEST POINT RAILROAD COMPANY.

Line of Road.— Atlanta, Qa., to West Point, Ga 86.20 miles.

Sidings and other tracks; 9.67 miles. Gauge, 4 ft. 9 in. Rail (steel), 60, 60i, and 70 Ibs.

History. — Organized in 1860 as successor to the old Atlanta and Lagrange RR. Co. (See
MANUAL for 1890, page 346.) Included above is 0.5m. of trackage over the Central of Geor-
gia Ry., from Nelson Street to Union Depot, in Atlanta.

• Rolling Stock, June 30, 1897. — Locomotives, 16. Cars — passenger, 13 ; dining (£ inter-
est), 1 ; baggage, mail, and express, 7; freight (box, 272 ; flat, 44 ; coal, 42; caboose, 6), 364;
other, 12 — total cars, 397. Twenty-three of the coal cars are leased.

Operations, year ending June 30, 1897. — Train mileage — passenger, 272,084 ; freight,
115,595 ; other, 18,373— total, 406,052. Passengers carried, 292,266 ; carried one mile, 8,114,-

650 ; average mile rate, 2,354 cents. Tons freight moved, 296,313 ; moved one mile, 20,685,-

651 ; average ton-mile rate. 1.43 cents.

Earnings— Passenger $191,058 64

Freight 296,33453

Mail and Express 61,689 35

Miscellaneous 5,424 39

Expenses— Conducting Transportation $168,894 56

Maintenance of Equipment 64,120 48

Maintenance Way and Buildings. T6,343 82
General 25,257 95

Total ($6,432.09 permile) ................ $554,446 91 Total ($3,881 .87 per mile) ................ $334,616 81

Net earnings (39.65 p. c.), $219,830.10; other receipts, $13,019.32— total, $232,849.42.
Payments : Interest on bonds, $73,932 ; dividends on stocks (6 p. c.), $73,932 ; taxes, $18,-
707.54; sundry accounts, $64,710.98— total, $231,282.52. Surplus, $1,566.90 ; surplus for-
ward, $171,848.82— total, $173,415.72.

Capital stock, bonded debt, gross and net revenuo, etc., for eight years ending June 30 :
Years.

Capital
Stock.

1890 1,23-^,200-

1891 1,232,200

1892 1,232,200

1893 1,232,200

1894 1,232,200

1895 1,232,200

1896 1,232,200

1897 1,232,200

Certifi-

Cost RR.

RR.

Gross

Expen.

Net

cates of

and invest-

Oper-

Earn-

and

Earn-

Indebt's.

ments.

ated.

ings.

Taxes.

ings.

$

$

Miles.

1

*

1

1,232,200

2,464,400

85.61

473,441

305,078

168,363

1,232,200

2,464,400

85.61

483,053

356,636

126,418

1,232,200

2,464,400

85.61

471,015

315,366

155,648

1,232,200

2,464,400

86.20

446,732

315,558

131,174

1,232,200

2,464,400

86.20

483,339

302,148

181,191

1,232,200

2,464,400

86.20

474,022

292,447

181,575

1,232,200

2,464,400

86.20

534,115

338,057

196,058

1,232,600

2,464,400

86.20

554,447

353,325

201,122

T>fti.._rp

Net In- Divi-

In- terest dends ,

come. Paid. Paid. t-+c

$ $ $ $

168,363 73,932 73,932 +20,499

126,418 73,932 73,932 -21,446

160,437 73,932 73,932 +12,572

131,174 73,932 73,932 -16,690

189,492 73,932 73,932 +41,628

184,521 73,938 73.932 +32.650

202,416 73,932 73,932

.

146
214,141 73,932 73,932 + 1,567

General Balance Sheet, June 30, 1897.

Road, Equipment, and Real Estate $2,464,400 00

Road Stock and Material 1,872 70

Bills Receivable 55,049 08

Current Accounts 43,436 20

Cash 190,947 27

Total Assets $2,755,705 25

Capital Stock $1,232,200 00

Certificates of Indebtedness 1,232,200 00

Interest Accrued not Due 36,966 00

Current Accounts 80,923 53

Profit and Loss 173,415 72

Total Liabilities $2,755,705 25

Stock must be owned three months to entitle holder to vote. The debenture certificates were issued in
1881 in the shape of a dividend. They are for $100 each or multiples thereof, in registered form, bearing
interest at 6 p. c. per annum, payable Jan. and July, in Atlanta, Ga. They are dated July, 1881, and pay-
able at the option of the company.

Directors (elected Sept. 14, 1897). — George C. Smith, Atlanta, Ga.; H. M. Comer, Jno.

POOR'S MANUAL OF RAILROADS. 143

M. Egan, Savannah, Qa.; W. B. Berry, H. C. Fisher, Newman, Ga. ; M. H. Smith, Louis-
ville, Ky.; Tho?. K. Scott, Augusta, Ga.

GEO. C. SMTTH, President and General Manager Atlanta, Ga.

Secretary and Treasurer— H. M. Abbett . . .Atlanta, Ga. | Auditor— Thomas J. Hunter Atlanta, Ga.

PRINCIPAL OFFICE AND ADDRESS Atlanta, Ga.

ATLANTIC AND DANVILLE RAILWAY COMPANY.

Main Line of Road.— West Norfolk, Va., to Danville, Va 203.46 miles.

James River Division .• James River June, to Claremont, Va. (3-ft. gauge) 51.00 "

Portsmouth Branch: Portsmouth to Shoulder's Hill, Va 9.98 "

Other Branches : Buffalo Springs, 3.89 m.; Hitchcock's Mitt, 8.33 m 12.22 "

Trackage : Southern By. : Jeffress to Clarksville, Va 1.50 "

Total length of all lines operated, June 30, 1897 278.16 miles.

Sidings, 27.13 m. Gauges, 4 ft. 9 in. and (James River Div.) 3 ft. Rail (steel), 35 and 56 Ibs.

History. — Reorganization, Aug. 2, 1894, of the Atlantic and Danville Ry. Co., whose
property was sold under foreclosure April 3, 1894. (See MANUAL for 1895, page 164.)

Rolling Stock, June 30, 1897. — Locomotives, 27. Cars — passenger, 13 ; combination, 5;
baggage, mail and express, 3 ; officers', 2 ; freight (box, 273 ; flat, 410), 683 ; caboose, 9; log-
ging, 46; other, 14 — total cars, 775. In addition the company owns and operates 1 passenger
ferryboat, one ocean-going tugboat, and 4 barges. Since the close of the fiscal year, 100 box
and 10 coal cars have been added to the above equipment.

Operations, year ending June 30, 1897. — Train mileage — passenger, 323,649 ; freight,
242,732; other, 128,161— total, 694,542 miles. Passengers carried, 126,581; carried one mile,
3,181,792 ; average mile rate, 2.74 cents. Tons freight moved, 380,473 ; moved one mile,
22,148,043 ; average ton-mile rate, 1.846" cents.

EXPENSES. 1896-97 1895-96

EARNINGS. 1896-97 1895 96

Passenger $87,162 85 $93,026 79

Freight 408,831 87 431,765 33

Mail 16,487 90 16,576 60

Miscellaneous 31,28713 27,64883

Totals $543,76975 $569,01755

Totals per Mile .• 1,95488 2,05648

Conducting Transportation $198,883 17 $222,966 57

Maintenance of Equipment 77,186 98 69,478 71

Maintenance Way and Buildings 72,14258 75,98377

General and Taxes 56,644 60 60,694 37

Totals $404,857 & $429,123 42

Totals per Mile 1,45548 1,54272

Net earnings, 1896-97 (25.55 p. c.), $138,912.42. Paid interest on bonds, $61,900. Bal-
ance, surplus, transferred to improvement account, $77,012.42. A dividend of 1 p. c. on the
preferred stock was declared as of Sept. 1, 1897.

General Balance Sheet, June 30, 1897.

Cost of Road and Equip-
ment $6.647,001 43

Further Expenditure past

fiscal year 12,792 04— $6,659,793 47

First Mtge. 5 p. c. Bonds in Treasury 262,000 00

Real Estate 43,785 48

Materials and Fuel on Hand...: 8,595 33

Bills Receivable and Loans 58,460 83

Cash at Bankers 28,986 98

Due from Individuals and Companies 26,634 85

Other Accounts, etc 65,754 03

Total Assets $7,154,010 97

Preferred Stock (shares, 100) $3,099,20000

Common Stock (shares, $100) 2,180,800 00

Funded Debt Outstanding 1,500,000 00

Funds from Bondholders' Committee 16,91055

Reserve Funds 58,016 32

Miscellaneous 26,812 57

Current Liabilities 42,610 15

Balance of Improvement Acct., etc 229,661 38

Total Liabilities $7,154,010 97

Funded debt, June 30, 1897, consisted cf 1st mtge. 5 p. c. $1,000 gold bonds, dated Jan. 1, 1895, due
1950 (with the option of redemption by the company at any prior period, subject to six months' notice),
interest payable Jan. and July at the office of the trustee, the Mercantile Trust Co., New York, N. Y., and
at the London and Westminster Bank, London, Eng. These bonds are secured on ja.ll the works, property,
rights and franchises lying east of the present western terminus in Danville, Va.," including the following
mileage: Main line, 203.46 m. ; James River Div., 51 m. ; Hitchcock's Mill branch, 8.33 m. ; Buffalo Springs
branch, 3.89 m.— total, 268.18 miles. From Jan. 1, 1898, the bonds have all the rights of foreclosure.

Directors.— J. W. Carter, J. F. Rison, A. B. Carrington, Danville, Va.; J. T. Griffin,
Portsmouth, Va.; S. M. Lehman, New York, N. T. ; N. C. Lewis, Lawrenceville, Va.; W.
B. Lewis, Milton, N. C.; B. Newgass, London, Eng.; J. W. Perry, Norfolk, Va.

B. NEWGASS, President London, Eng.

See. tk Treag.-A.dam Tredwell Norfolk, Va. i Auditor— W. B. Hatcher Norfolk, Va.

Gmeral jtfawaew— Charles O. Haines Norfolk, Va.

PRINCIPAL OFFICE AND ADDRESS Norfolk, Va.

144

POOR'S MANUAL — SOUTH ATLANTIC GROUP.

Turkey Creek to Whitehall, 5.10m.
Summerfield to Lake Weir,

Fla 7.59m.

Various Spurs 2.84 m.

Total branches. . 76.41

FLORIDA CENTRAL AND PENINSULAR RAILROAD COMPANY.

Main Lines of Road :

Western Division : Jacksonville to Chattahoochee River, Fla 209.06 m.

Northern Division : Columbia, S. C., to Jacksonville, Fla 273.98 m.

Southern Division : Fernandina to Cedar Keys, Fla 155.70 m.

Tampa Division : Waldo to Tampa, Fla 155.44 m.

Orlando Division : Wildwood to Lake Charm, Fla 70.16 m. — 864.34 miles.

Branches as follows :

Drifton to Monticello . . :• 4.38 m.

Tallahassee to St. Mark's 20.35 m.

Junction to Suinterville 2.07m.

Junction to Silver Spring 1.90 m.

Archer to Eagle Mine and Spurs.32.18 m.

Trackage : Southern Ry. ; Cayce Junction to Columbia, S. C , , , , , , , , . 3.50

Total length of all lines owned and operated June 30, 1897 944.25 miles.

Sidings, 85.83 miles. Gauge, 4 ft. 9 in. Rail— iron, 40 Ibs. ; steel (872 m.), 40, 56, 60 and 70 Ibs.

History. — Organized early in 1889. Successor to the Florida Ry. and Navigation Co.,
whose property was sold under foreclosure in April, May and July, 1888. (See MANUAL for
1896, p. 184, and MANUAL for 1897, p. 139.) Included in the Northern Division (as above)
is the mileage of the South Bound RR., extending from Savannah, Ga., to Cayce Jet., S. C.,
135.02 miles, operated by this company under lease (see subjoined statement).

Rolling Stock, June 30, 1897. — Locomotives, 72. Cars— passenger, 60; haggage, etc.,
41 ; freight (box, 1,233 ; flat, 555 ; stock, 14 ; caboose, 26), 1,828; other cars, 57— total cars,
1,986. Of this equipment, 2 locomotives, 5 passenger, 2 baggage, etc., 525 box and 80 flat
cars are held under car trust.

Operations, year ending June 30, 1897. — Train mileage — passenger, 953,319 ; freight,
629,293 ; mixed, 393,769 ; other, 107,406 — total, 2,083,787 miles. Passengers carried, 380,-
000 ; carried one mile, 24,741,888; average mile rate, 2.28 cents. Tons freight moved, 975,-
415 ; moved one mile, 109,390,862 ; average ton-mile rate, 1.24 cents.

Earnings— Passenger $564,417 11

Freight 1,355,707 01

Mail and Express 206,517 17

Miscellaneous 107,233 00

Total ($2,374.63 per mile) $2,233,934 29

Expenses —Conducting Transportation $863,874 65

Maintenance of Equipment 233,549 43

Maintenance Way & Buildings. 356,885 80

General 132.432 54

Total ($1,686.68 per mile) $1,586,742 42

Net earnings (28.97 p. c.), $647,191.87. Payments : Interest on honds (1st mtge., $150,-
000 ; 1st rntge. land grants, $20,896.68 ; 1st consols, $218,600 ; South Bound RR. Ists,
$101,650), $491,146.68 ; other interest, $11,831.47 ; taxes, $92,774— total, $595,752.15. Sur-
plus, $51,439.72; surplus forward, $678,837.63— total, $730,277.35.

Statement showing the earnings, expenses, etc., of the F. C. & P. RR. proper, and the
South Bound RR. separately for the year ending June 30, 1897 :

Fla. Cent.
& P. RR.
(802.25m.)

So. Bound
RR.

(142.00 m.)

Total.
(944.25 m.)

Fla. Cent.
& P. RR.
(802.25m.)

So. Bound
RR.

(142.00 m.)

Total.

(994.25m.)

Gross Earnings.
Operating Exp.

$
1,898,287 86
1,290,433 17

$

335,646 43
296,309 25

. 9

2,233,934 29
1,586,742 42

Net Barn's— Forward
Paid Int. and Taxes. .

$
607,854 69
480,744 29

$
39,337 18
115,007 86

$
647,191 87
595,752 15

Net Earnings...

607,854 69

39,337 18

647,191 87

Surplus or Deficit

S. 127,11040

D. 75,670 68

51,439 72

Capital stock, bonded debt, gross and net revenues, etc., for eight years ending June 30 :

Other Total

Yrs.

Capital
Stock.

Bonded
Debt.

Vyust cut.

and Invest-
ments.

ttK.

Oper-
ated.

Gross
Earnings.

.Expenses
and
Taxes.

jxei
Earn-
ings.

S

$

$

Mies.

t

$

$

1890.

26,082,000

3,118,000

.1 Not re- (

595.88

1,171,370

993,358

178,012

1891.

86,082,000

3,275,000

) ported. )

628.38

1,341,879

1,071,669

270,210

1892.

26,082,000

3,428,000

30,159,994

660.29

1,645,655

1,158,668

486,987

1893.

24,600,000

6,810,000

31,296,354

665.61

1,655,721

1,198,935

456,786

1894.

24,500,000

7,471,000

33,301,47-9

936.68

2,105,758

1,521,195

584,563

1695.

24,500,000

7,795,000

33,460,742

944.25

2,272,147

1,787,838

484,309

1896.

24,500,000

7,795,000

33,527,985

944.25

2,065,510

l,C>8o,52S

379,982

1897.

24,500,000

7,787,000

32,461,817

944.25

2,233,934

1,679,516

554,418

Interest

Pay-

ments.

Balance,
Surplus.

- ments.

$ $ $

178,012 *152,950 152,950 25,062

155,726 155,726 114,484

163.725 163,715 328,272

232,563 tB9,109 261,672 195,114

420,498 7,355 427,853 156,710

480,282 50 480,332 3,977

491,866 491,866«fo/.lll,884

502,978 502,978 51,440

* Includes interest on extension bonds, t Net.

POOR'S MANUAL OF RAILROADS. , 145

General Balance Sheet, June 30, 1897.

$33,237,609 91

Common Stock Paid in (shares, $100) . .

.$20,000,000 00

Materials and Fuel on Hand

25,268 14

Preferred Stock Paid in (shares, $100).

4,500,000 00

South Bound RR

224,206 93

Funded Debt Outstanding

. 7,787,000 00

30,341 26

Bills Payable

224,830 03

151,038 91

Current Accounts

698 928 02

110,804 68

Car Trust Notes

95,383 09

306,139 01

Other Items

48 990 35

Profit and Loss

730,277 35

Total Assets $34,085,408 84 Total Liabilities $34,085,408 84

Therf4,500,000 4 p. c. cumulative preferred stock was issued in exchange, at par, for the
2d non-cumulative preferred 5 p. c. stock. . It has preference as to principal, and is exchange-
able for bonds issued under any subsequent 4 p. c. mortgage.

The funded dibt outstanding, June 30, 1897, consisted of —

1st mtge. main line 5 p. c. 30-yr. $1,000 gold coup, bonds, due July 1, 1918, int. Jan. and July $3,000,000

1st mtge. land grant extension 5 p. c. 40-yr. $1,000 gold coup, bonds, due Jan. 1, 1930, int. J. & J... 415,000
1st consolidated mtge. 5 p. c. 50-yr. $1,000 gold coup, bonds, due Jan. 1, 1943, int. Jan. and July 4,372,000

The 1st mtge. main line bonds constitute an issue of $3,000,000 (Nos. 1 to 3,000), secured by a mortgage
dated July 12, 1888, to the Central Trust Co. of New York, trustee. They are coupon bonds with privilege of
registration; interest payable Jan. and July, at the Guaranty Trust Co., New York, N. Y. These bonds are
secured on the following lines: Fernandina to Cedar Keys; Hart's "Road to Jacksonville; Jacksonville to Chat-
tahoochee River, with branches to Monticello and St. Marks; Waldo south to Plant City, with branch from
Wildwood to Tavares; and Panasoffkee Lake to Sumterville — a total length of 573.5 miles.

The 1st mtge. land grant extension bonds are secured on the following lines: Plant City to Tampa, 22.5
in. ; Tavares to Orlando, 32 m. ; Archer to the Eagle and Early Bird and other phosphate mines, 32.18 m; Turkey
Creek Station to the Alafia River, 5.09m. — total, 91.77m., and also by 2d mtge. on the lines covered by the main
line 1st mtge. (see above). The company acquired by building to Tampa, 67,000 acres of land, valued at $121,000,
and is entitled to receive from the State of Florida 122,880 acres of land for the line from Tavares to Orlando.
As yet only 5,000 acres of the latter grant have been deeded. These lands are covered by this extension
mortgage, and the proceeds of their sale is to be applied to the purchase, at the market price, and the
cancellation of these bonds. These bonds are dated Jan. 1, 1890, mature Jan. 1, 1930, interest Jan. and July,
at the Guaranty Trust Co. of New York; authorized, $500,000; issued $468,000, of which $53,000 have been
redeemed with the proceeds of land sales, leaving $415,000 outstanding. The remaining $32,000 of bonds as
authorized will not be issued. Trustee: Atlantic Trust Co., New York, N. Y.

The 1st consol. mtge. bonds are authorized at a rate not exceeding $10,000 per mile of completed road,
for the purpose of retiring the 1st preferred stock ($1,582,000), for the redemption of $3,423,000 prior bonds,
and for the construction and acquisition of other roads, branches, and extensions. Authorized issue, $7,800,000.
They are secured by 1st mtge. on the line from Hart's Road to Savannah, Ga., 113.32 m., and by 2d mtge.
on all other lines. They are for $1,000 each, in coupon form, with privilege of registration; interest payable
at the office of the trustee, the Guaranty Trust Co. of New York.

Sontli Bound Railroad.— Savannah, Ga., to
Cayce, S. C., 135.02 miles. Gauge, 4 ft. 9 in. Rail
(steel), 60 Ibs. Chartered in South Carolina, Dec. 27,
1887, and in Georgia, Oct. 27, 1888. Road completed
in Sept., 1891, and leased (at pn annual rental equal
to interest on the bonds of the lesser company) In
July, 1892, for 99 years from Oct. 1, 1893, to the
Florida Central and Peninsular RR. Co., which sub-
sequently purchased the entire capital stock of this
company. For earnings, expenses, and income ac-
count of this company for the year ending June 30,
1897, see tabulated statement on page 144. Rental,
year ending June 30, 1897, $101,650, which was paid

stock (auth., $2,100,000), outstanding, $2,033,000;
funded debt (1st mtge. 5 p. c. 50-yr. $1,000 bonds,
due April 1, 1941, interest April and Oct.; auth.,
$2,100,000), $2,033,000— total, representing cost, $4.-
066.000. Bonds are coupon, with privilege of regis-
tration of
Md.,

these bonds was formerly 6 p. c., but was reduced
to 5 p. c. under terms of lease to the Florida Central
and Peninsular RR. Co. Trustee: Mercantile Trust
and Deposit Co., of Baltimore, Md. H. R. Duval,
Pres.; E. R. Hoadley, Sec., 32 Liberty St., New
York, N. Y. General Office, Savannah, Ga.

of principal. Interest payable in Baltimore,
nd Savannah, Ga. The rate of interest on

as interest on bonds. Financial Statement.— Capital

Board of Directors, Florida Central and Peninsular RR. Co., elected March 3, 1898.

W. Bayard Cutting.New York, N. Y I Wm. E. Bond New York, N. Y.

R. Fulton Cutting..
M. Bayard Brown. .
L. K. Wilmerding..

Adolph Engler

Dennistoun Wood.
H. R. Daval

E. R. Hoadley. . . . New York, N. Y.
Wayne Mac Veagh. Philadelphia, Pa.
Jno. A. Henderson.. Tallahassee,Fla.

H. R. DUVAL, President 32 Liberty Street, New York, N. Y:

John A. Henderson, Vice- President Tallahassee, Fla.

D. E. Maxwell, 2d Vice-President and Oen. Manager Jacksonville, Fla.

Secretai-y—TS,. R. Hoadley New York, N. Y. | Treasure? — S. Dozier Jacksonville, Fla.

Auditor— T. W. Roby Jacksonville, Fla.

PRINCIPAL OFFICE AND ADDRESS Jacksonville, Fla.

GEORGIA AND ALABAMA RAILWAY.

(For map of this road, see p. 146.)
Main Line of Road.— Montgomery, Ala., to Lyons, Ga 265.00 m.

Columbus and Southern Div.: Columbus to Albany, Ga 87.08 m.

Fitzgerald Branch : Abbeville, Ga., to Ocilla, Ga 30.72 m. — 382.80 miles.

Leased : Central of Ga. Ry. : Lyons, Ga., to Meldrim, Ga 58.00 "

Trackage : Central of Ga. Ry,: Meldrim, Ga., to Savannah, Ga 17.00 "

Total length of hues operated, June 30, 1897 457.80 miles.

Average mileage operated during the fiscal year 403. 92 ' '

Sidings, etc., 50.67 miles. Gaug«, 4 ft. 8^ in. Rail (steel, 456.40 m.), 56 to 68 Ibs.

10

POOR'S MANUAL — GEORGIA AND ALABAMA RY.

147

History. — Organized July 29, 1895, as successor to the Savannah, Americus and Mont-
gomery Ry., whose property was sold under foreclosure on May 17, 1895. (See MANUAL for
1896, p. 187.) The Abbeville and Waycross RR., from Abbeville to Fitzgerald, Ga., 22
miles, was absorbed Aug. 15, 1896, and an extension of it from Fitzgerald to Ocilla, 8.72
miles, completed in June, 1897. The Columbus Southern Ry., from Columbus to Albany,
Ga., 87.08 miles, was absorbed Jan. 1, 1897. (See MANUAL for 1897, p. 140.)

The Georgia and Alabama Ry. owns, in the business section and in the suburbs of Mont-
gomery, valuable terminal property, aggregating about 60 acres. This property is free of
mortgage or other incumbrance save the 1st mtge. securing the preference and consolidated
bonds of this company.

CONTRACTS, LEASE, ETC. — A lease has been effected for 101 years, from April 1, 1896, with the right of
perpetual renewal on the same terms, of the line of the Central Ry. of Ga., from Lyons to Meldrim, at a
rental of $43,500 per annum, which is equal to the interest at 5 p. c. per annum on $15,000 per mile on the
5S milts of road leased. The Guaranty Trust Co., of New York, holds $185,000 of the 1st mtge. consol.
bonds, in trust, as a guarantee of the faithful compliance of the company with the terms of the lease. At
the same time that the lease was made a trackage contract was consummated, by which this company se-
cured equal rights with the Central of Ga. Ry. for all of their trains on the main line of the Central of Ga.
Ry. between Meldrim and Savannah, 17 miles, at a rental of $8,000 per annum, the G. & A. Ry. paying its
proportion of the cost of operation and maintenance of the 17 miles on a wheelage basis. A terminal con-
tract was also entered into between the C. of Ga. Ry. and the G. & A. Ry. by which the latter obtains the
use of the excellent terminals of the Ocean Steamship Co. and of the Central of Ga. Ry. at Savannah, on
practically the same terms as those on which the Florida Central and Peninsular RR. uses the same ter-
minals. The trackage and terminal contracts are terminable on twelve months' notice by either party.
This company refused the privilege offered it of making the trackage and terminal contracts for a longer
period, preferring to keep itself free to construct, at any time it might see proper to do so, its own line
from Meldrim to Savannah, 17 miles, and to provide its own terminals, if the present arrangements should
ever prove unsatisfactory. The lease of the Lyons Branch, the terminal contract, and the trackage contract
all went into effect on April 1, 1896, since which time the G. & A. Ry. has been operated as a through trunk
line between Montgomery and Savannah, 340 miles.

MONTGOMERY TERMINAL Co. — The G. & A. Ry. agrees to pay the interest, at the rate of 5 p. c. per
annum, on the $208,000 bonds of this company until July 1, 1900, at which time the arrangement ceases. The
G. & A. Ry. has ample terminal facilities of its own in Montgomery, and has arranged to dispense with the
property of the Terminal Co., at the expiration of the present arrangement. The_ capital stock of the latter
company was formerly controlled by the old S., A. & M. Ry., although it was issued in the name of indi-
viduals who disclaimed any liability for it. The G. & A. Ry. has signed no lease with the Terminal Co., but
agreed, under certain conditions, to pay interest on its bonds as above.

Rolling Stock, June 80, 1897. — Locomotives, 35 ; dummies, 2. Cars — passenger, 21 ;
parlor buffet sleeping, 2 ; baggage, mail, and express, 11 ; freight (box, 614 ; 8at, 665 ;
caboose, 17), 1,296 ; other, 10— total, 1,340.

Operations, year ending June 30, 1897. — Train mileage — passenger, 491,737 ; freight,
376,575; mixed, 72,518; work, 117,607 ; switching, 136,060— total, 1,194,497 miles. Passen-
gers carried, 286,649; carried one mile, 8,944,465; average mile rate, 2.384 cents. Tons
freight moved, 596,354; moved one mile, 51,837,233 ; average ton-mile rate, 1.469 cents.

Earnings— Passenger $213,390 90

Freight 761,433 98

Mail and Express 37,487 90

Miscellaneous 9,524 13

Expenses — Conducting Transportation $432,016 11

Maintenance of Equipment 84,017 91

Maintenance Way <fc Structures. 140,883 42
General and Taxes 80,864 53

Total ($2,529.79 per mile) $1,021,836 91 Total ($1,826.55 per mile) $737,781 97

Net earnings (27.80 p. c.), $284,054.94. Payments : Interest on bonds (1st mtge. prefer-
ence, $92,525; 1st mtge. consols., $117,675), $210,200 ; rentals (C. of Ga. Ry., $51,500 ;
Montgomery Terminal Co., $10,400), $61,900— total, $272,100. Surplus, $11,954.94.

General Balance Sheet, June 30, 1897.

Cost of Property $12,025,125 10

Stocks and Bonds Owned by Company... 4,329,000 00

Insurance Paid, not Accrued 3,431 27

Discount, etc 928 21

Deposited to Pay Interest on Consols 59,550 00

Cash on Hand and in Transit 21,392 62

Due by Agents, Cos., P. O. Dept., etc... 48,328 86

Materials and Supplies on Hand 63,416 77

Total Assets $16,551,172

Common Stock $5,610,000 00

Preferred Stock 3,740,000 00

Funded Debt Outstanding (see below)... 5,921,000 00

Equipment Notes 461,579 43

Accrued Interest and Rentals — not Due.. 31,341 67

Int. due July 1, 1897, on 1st Consols 59,550 00

Loans, Bills Payable, etc 522,37615

Current Accounts 164,763 35

Profit and Loss 40,562 23

Total Liabilities $16,551,172

Share capital is authorized to the amount of $15,000 per mile in common stock and $10,-
000 per mile in preferred stock ; shares, $100 each. The entire capital stock, common and
preferred, is deposited for 5 years, from July 1, 1895, under a voting trust agreement, with
the Maryland Trust Co., agent for the seven trustees, Wm. F. Cochran, C. Sidney Shepard,

148 POOR'S MANUAL — SOUTH ATLANTIC GROUP.

Ernst Thalinann, New York, N. Y. ; J. Willcox Brown, J. Win. Middendorf, R. C. Davidson,
Baltimore, Md., and John Skelton Williams, Richmond, Va. Preferred stock is entitled to 6
p. c. non-cumulative dividends.

Funded debt, June 30, 1897, including $1,343,000 bonds owned by the company, consisted
of the following :

1st mtge. preference 5 p. c. 50--yr. gold bonds, due Oct. 1, 1945, interest April and Oct $2,483,000

1st consol. mtge. 5 p. c. 50-yr. gold bonds, due Oct. 1, 1945, interest Jan. and July 3,438,000

The 1st mtge. preference bonds are authorized at the rate of ij-6,500 p. m. of main line of completed
road owned, but limited in issue to $4,000,000. They are for $1,000 earn, in coupon form, but principal may
be registered at the office of the trustee. In anticipation of the sale of preference bonds to meet expendi-
tures for construction, improvements, etc., the company withdrew from the Guaranty Trust Co. of New
York the $100,000 preference bonds which were held by that company as security for the lease of the Lyons
Branch of the Central of Georgia Ry. and substituted therefor $135,000 of the 1st mtge. consol. bonds. In-
terest payable at the office of the Continental Trust Co., New York, N. Y. Trustee: Baltimore Trust and
Guarantee Co., Baltimore, Md.

The 1st consolidated mtge. Lands are authorized at the rate of $15,500 p. m., but a sufficient amount
(limited to $6,500 p. m.) is reserved exclusively to retire the 1st preference bonds, so that the amount of
consols, issued in addition to those reserved for the retirement of the preference bonds, can never exceed ,
$9,000 p. m. — total authorized issue, $10,000,000. The bonds are for $1,000 each, in coupon form, but principal
may be registered at the office of the trustee. Interest payable at the office of the Continental Trust Co.,
New York, N. Y. Trustee: Baltimore Trust and Guarantee Co., Baltimore, Md. The Guaranty Trust Co. of
New York holds $135,000 of these bonds in trust as security for the lease of the Lyons Branch of the Central
of Georgia Ry.

Both issues of bonds are secured by a first and only mortgage upon the entire property of the company,
including its valuable terminals at Montgomery, Americus, and other points. Under the terms of the mort-
gage the preference bonds constitute a lien prior to the consols, both as to principal and interest. The
preference bonds are redeemable five years after date of issue, at the company's option, at 105 and accrued
interest, but the holders furthermore have the privilege of exchanging them at any time, should they so
desire, for the company's 1st consols, which are irredeemable before maturity. There is a provision in the
mortgage securing the bonds whereby the interest coupons on the consols fpr the first five years, from Jan. 1,
1890, may be satisfied, if the best interests of the company require it, by the issue of 10-yr. 6 p. c. certifi-
cates of indebtedness, redeemable at the option of the company at any interest-paying period.

Equipment Notes. — The company assumed the old car trust obligations of the S., A. & M. Ry., amount-
ing to about $460,000, which amount, however, includes interest for the coming five years, which has been
added to the principal of the car trust notes. These notes mature in equal monthly installments from 1898
to 1902. (See General Balance Sheet.) The total amount outstanding on April 1, 1898, was $393,019.

" Stocks and Bonds Owned by the Company." — 1st mtge. preference bonds, $253,000;
1st mtge. consol. bonds, $1,056,000 ; preferred stock, $1,090,000; common stock, $1,930,000
— total, $4,329,000. Since the close" of the fiscal year the $253,000 1st mtge. preference
bonds have been sold at par and interest and the proceeds applied to the reduction of the
floating debt.

Income Account, supplementary statement, 6 months ending Dec. 31, 1897. — Gross
earnings — passenger, $117,681 ; freight, $492,066 ; mail and express, $20,165 ; other, $3,-
071 — total, $632,983. Expenses — transportation, $226,555 ; maintenance of way, etc., $83,-
843 ; equipment, $62,482; general and taxes, $46,912— total, $419,792. Net earnings (33.67
p. c.), $213,191. Payments : Interest on bonds (preference, $57,858 ; consols, $59,550),
$117,408; rentals (C. of Ga. Ry., $25,750; Montgomery Terminal, $5,200), $30,950— total,
$148,358. Surplus, $64,833 — being an increase of $10,876 over the surplus for the corres-
ponding period in 1896. For 9 months ending March 31, 1898 (March approximated), the
the gross earnings amounted to $954,931, an increase of $164,189 over those of the cor-
responding period of the year previous.

The amount of preferred stock outstanding, Dec. 31, 1897, was $2,650,000 ; of common
stock, $3,680,000. During the six months the company retired with its net income the prin-
cipal and interest of equipment notes aggregating $45,707.

Directors (elected Dec. 28, 1897).— Wm. F. Cochran, Yonkers, N. Y. ; C. Sidney Shep-
ard, New Haven, N. Y.; Ernst Thalmann, New York, N. Y.; John W. Middendorf, J. Will-
cox Brown, Henry A. Parr, Baltimore, Md. ; John Skelton Williams, Richmond, Va. ; Cecil
Gabbett, Wm. W. Mackall, John Flannery, C. D. Baldwin, Wm. W. Williamson, Savannah.
Ga.; John W. Sheffield, Americus, Ga. ; Jas. D. Stetson, Macon, Ga.; Joseph B. Hoist, Co-
lumbus, Ga.

JOHN SKELTON WILLIAMS, President Richmond, Va.

Cecil Gabbett, Vice- President and General Manager Savannah, Ga.

Zd Vice-Pres— John W. Middendorf Baltimore, Md. I Secretary— W. W. Mackall Savannah, Gs .

Treasurer — J. Willcox Brown " " | Auditor— W. H. Macfarland Americus, Ga.

GENERAL OFFICE ; . .Savannah, Ga.

POOR'S MANUAL OF RAILROADS.

149

JACKSONVILLE, TAMPA AND KEY WEST RAILWAY COMPANY.

Main Line of Road.— Jacksonville, Fla., to Sanford, Pla 125.00 m.

Sanford and Lake Enstis Division : Sanford to Tavares, Fla 30.00 m.

De Land Branch : Beresfoid to De Land, Fla 4.99 m.

Indian River division : Enterprise June, to Titusville, Fla 41.00 m. — 200.99 miles.

Sidings, etc., 30.44 miles. Gauge 4 ft. 9 in. Rail (steel), 40 to 60 Ibs.

History.— Chartered in 1879; road opened to Palatka, 56 m., March 6, 1884. The
Palatka and Indian River RR. (Palatka to Sanford), the Atlantic Coast, St. John's and Indian
River Ry. (Enterprise June, to Titusville) and the Sanford and Lake Eustis RR. were absorbed
through consolidation on May 1, 1890 ; the De Land and St. John's River RR., 4.99 m., was
purchased in the summer of 1890. (See MANUAL for 1896, p. 189.) This company has a land
grant of about 1,500,000 acres.

Ou April 8, 1893, a receiver was appointed in a suit for foreclosure of the consol. mtge.
of 1890. (See MANUAL for 1897, p. 144.) In 1896 and 1897, a decree having been obtained,
six attempts were made to sell the road, but without success, no bids being made.

Rolling Stock, June 30, 1897. — Locomotives, 26. Cars - passenger, 21 ; baggage, mail,
and express, 13 ; freight (bos, 365 ; stock, 4 ; flat, 90), 459 ; caboose, 7 ; other, 7 — total, 507.

Operations, year ending June 30, 1897. — Train mileage — passenger, 114,866 ; freight,
42,453 ; mixed, 125,648 ; other, 93,567— total, 376,534 miles. Passengers carried, 65,008 ;
carried one mile, 3,482,559 ; average mile rate, 2.85 cents. Tons freight moved, 99,728 ;
moved one mile, 6,442,414 ; average ton-mile rate, 2.10 cents.

Earnings— Passeuger $99,370 15

Freight 135,823 69

Mail and Express 49,228 75

Miscellaneous 8,299 50

Total ($1,456.40 per mile) $292,722 09

Expenses— Conducting Transportation $124,734 93

Maintenance of Equipment 51,743 24

Maintenance Way and Buildings. 71,074 07
General 38,429 00

Total ($1,422.86 per mile) $285,981 24

Net earnings (2.32 p. c.), $6,740.85 ; add other receipts, $677.90— total income, $7,418.75.
Payments : Interest on debt, $10,135.89 ; taxes, $24,006.93 : court expenses, $1,397.11 ; mis-
cellaneous losses, $841.34— total, $36,381.27. Deficit for year, $28,962.52 ; surplus forward,
$235,522.08 ; net surplus, $206,559.56.

Receiver's General Balance Sheet, June 30, 1897. — Receiver's certificates (auth., $215,.
000), $141,300; current accounts, $27,900.47; Mason Young, Receiver, J., T. & K. W. Ry.
Co., $54,588.93 ; profit and loss, $206,559.56— total, $430,348.96. Contra: Steamer "Helen
Denham," $655.80 ; materials and fuel, $16,761.29; J., T. & K. W. Ry. Co., $346,708.10;
Jacksonville Terminal Co., $9,000; current accounts, $18,344.23; cash, $38,880.04— total,
$430,348.96.

General Balance Sheet, June 30, 1893 (latest rendered).

Cost of Road and Equipment $5,552,745 74

Cost of Betterments 189,963 52

Real Estate and Buildings 55,138 24

Stocks and Bonds Owned 5,347,500 00

Materials and Fuel on Hand.
Other Property and Assets.

Current Accounts

Cash on Hand

Profit and Loss...

40,627 83
895,092 14
129,192 51

68,207 19
640,559 37

Total Assets $12,919,026 54

Capital Stock (shares, $100) $3,010,00000

Funded Debt 7,718,000 00

Bills Payable 1,875,594 37

Current Accounts 217,549 35

Unpaid Interest Coupons 53,100 00

Land Sales 44,782 82

Total Liabilities $12,919,026 54

Traffic statistics, gross and net earnings, etc., for seven years ending June 30 :

Years

RR.
Oper-
ated.

Passen-
gers
Carried.

Passen-
'Mileage.

Freight
Moved.

Tonnage

Mile-
age.

Gross ]
Earn-
ings.

Expenses
and
Taxes.

Net
Earn-
ings.

Avail-
able
levenne.

Interest Surplus
on for
Bonds. Year.

Miles.

No.

Miles.

TOM.

Miles.

S

$

$

J

$ $

1891.

1QQO

...200
.200

158.387
139 85-3

8,331,353

179,853

16,162,583
19 753 297

705,267
781 824

477,118
440 114

228,149
341,709

228,173

152,655 65,040

UWw<

1893.

!.'!2oo

135',972

8Vg£o29

235J424

2l',678',066

845*,634

569*811

275,823

277,145

280,370 def. 43,454

1894.

...200

111,131

6 888,231

270 280

26 765 956

778,758

519,971

258,787

260.099

156,417

isoi

94 579

17 470 882

556',413

466,347

90,066

91,301

.... 72,934

1896.

'.201

73*350

4,088.009

101 494

6*471 '284

310,183

*1 1,134

*10,198

*18,7'53

1897.

...201

65,008

3,482'.559

99.728

6.442,414

292J22

309,988

*17,266

*16,588

*28,S63

Deficit.

150 POOR'S MANUAL— SOUTH ATLANTIC GROUP.

Funded debt, on June 30, 1897, consisted of the following :

Consol. mtge. 6 p. c. 50-yr. $1,000 coup, currency bonds, due March, 1940, int. payable M. & S $4,000,000

Equip. Tr., Series "B," 6 p. c. $500 coup, bds., dated Oct. 1, 1889, due $4,000 semi-an'ly, int. M.& N.. 8.0CO

Of the consol. mtge. bonds, $2,216,000 are held by the Pennsylvania Co. for Insurance on Lives and
Granting Annuities, trustee, for the retirement of an equal amount of prior liens. Following are the out-
standing prior liens, against which the trustee holds an equal amount of consols:

1st mtge. 6 p. c. gold bonds, dated March 1, 1884, due Jan. 1, 1914, interest Jan. and July $1,566,000

A. C., St. J. & I. R. Ry. 1st mtge. 6 p. c. g. bds., dated Sept. 1, 1885, due Jan. 1, 1905, int. M. & S. 360,000
S. & L. E. RR. 1st mtge. 6 p. c. 30-yr. gold bonds, due Sept. 1, 1916, interest March and Sept 290,000

Of the remaining $1,784,000 consols, $1,654,000 are held as collateral for bills payable. Default having
been made in the interest on these, the trustee under the mtge. brought suit for foreclosure in July, 1892,
and a decree of sale was rendered Dec. 27, 1895. The sale was set for April 6, 1896, but was postponed to
May 6, 1896, Nov. 2, 1896, March 1, 1897, April 5, 1897, and May 3, 1897, and was then postponed indefinitely.
Messrs. Simpson, Thacher & Barnum, 10 Wall St., New York, represent the consol. mtge. bondholders.

Interest on the 1st mtge. bonds of 1884 is in default since July 1, 1895, and on the divisional 1st mtge.
bonds of 1905 and of 1916 since Sept. 1, 1895. On April 9, 1897, a suit for foreclosure was brought under the
1st mtge. of 1884. Committee of 1st Mtge. bondholders: Winthrop Smith (Chairman), 517 Chestnut St.,
Philadelphia, Pa. ; H. A. Dupont, Alfred S. Elliott, and Henry N. Paul.

Directors. — Robert H. Coleman, Cornwall, Pa.; Charles C. Deming, New York, N. T.;
John W. Candler, Frank Q. Brown, Boston, Mass.; Henry T. Kendall, Reading, Pa.; H. M.
Maxwell, Philadelphia, Pa. ; Archibald Rogers, Hyde Park, N. Y.

JOSEPH H. DURKEE, Receiver Jacksonville, Fla.

CHARLES C. DEMING, President New York, N. Y.

Stc. <fc Treas.— Hugh M. Maxwell New York, N. Y. | Gen. Auditor— 3. E. Starke Jacksonville, Fla.

PRINCIPAL OFFICE AND ADDRESS Jacksonville, Fla.

New York Office 120 Broadway.

NEW YORK, PHILADELPHIA AND NORFOLK RAILROAD COUP ANT.

Main Line of Road. — Delmar, Del., to Cape Charles, Va 95 m.

Gritfield Branch : King's Creek, Md., to Crisfield, Md 17 m. — 112 miles.

Sidings, etc., 17 miles. Gauge, 4 ft. 8$ in. Rail (steel, 120 m.), 60 Ibs.

This company also operates 36 miles of ferry between Cape Charles, Old Point Comfort,
Portsmouth, and Norfolk.

History. — Chartered Sept. 17, 1881, as successor to the Peninsula RR. Co. of Va. The
Eastern Shore RR., from Delmar, Del., to Crisfield, Md., 38 m., was purchased Jan. 1, 1884.
Extension from Pocomoke, Md., to Cape Charles, Va., 65 m., completed Nov. 17, 1884. (See
MANUAL for 1888.) A traffic contract with the Penn. RR. Co. expired in Jan. 1895, and was
not renewed. Under the terms of this contract the Pennsylvania RR. Co. and the Philadel-
phia, Wilmington and Baltimore RR. Co. purchased a total of $1,005,330 coupons of this
company's 1st mtge. 6 p. c. gold bonds, maturing on or before Jan. 1, 1895. Payment of
these coupons has been demanded, and it is expected that legal proceedings for the.collection
of the debt will be commenced in Sept., 1898. In view of the inability of the company to
meet this indebtedness and the consequent apprehension of a foreclosure of the 1st mtge. a
committee of the bondholders has been appointed and a plan of reorganization proposed.
The committee consists of Rudolph Ellis, H. W. Biddle, and John Loyd, all of Philadelphia.
Depositary : Cassatt & Co., Philadelphia, Pa. (See SUPPLEMENT.)

Rollins: Stock, June 30, 1897. — Locomotives, 18. Cars — passenger, 7; baggage, etc., 3 ;
freight (box [440 leased], 592; flat, 2; caboose, 9), 603; other, 2— total cars, 615.

Floating Equipment, June 30, 1897.— Steamboats, 2 ; tugboats, 3 ; car-floats, 4. Since
close of fiscal year one steel car float has been added.

Operation*, year ending June 30, 1897. — Train mileage — passenger, 190,504 ; freight,
197,252 ; other, 38,810— total, 426,566 miles. Passengers carried, 168,707 ; carried one
mile, 6,773,040 ; average mile rate, 2.55 cents. Tons freight moved, 674,823 ; moved one
mile, 69,634,870 ; average ton-mile rate, 0.93 cent.

Earnings— Passenger $173,597 35

Freight 647,435 72

Mail and Express 56,206 89

Miscellaneous 28,132 16

Expenses— Conducting Transportation $419,478 47

Maintenance of Equipment 202,306 38

Maintenance Way & Buildings.. 78,211 71

General 34,073 94

Total ($8,083.68 per mile) $905,372 12 Total ($6,509.57 per mile) $729,072 50

POOR'S MANUAL OF RAILROADS.

151

Net earnings (19.47 p. c.), $176,299.62. Payments: Interest on bonds, $116,193.64; other
intere.-t, $62,970.83 ; taxe.«, $13,163.97— total, $192,328.44. Deficit, $16,028.82 ; deficit for-
ward, $385,334.79— total, $401,363.61.

Capital stock, bonded debt, revenues, etc., for eight fiscal years ending June 30

Capital
Stock.

Debt.

Years.

1890
1891
1892
1893
1894
1895
18%
1897

3,073,C

1,714,375 3,073,000

1.714,375 3,073,000

1,714,375 3,073,000

1,714,375 3,073,000

1,714,375 3,048.000

1,714,375 2,908,000

1,714,375 2,848,000 5,212,959

1,714,375 2,848,000 5,261,318

Cost RR.
& Invest-
ments.

5,168,993
5,212,959
5,212,959
5,212,959
5,212.959

Oper-
ated.
Miles.
112
112
112
112
112
112
112
112

Gross

Expen.

Net

Net

Paid

Total

Earn-

and

Earn-

Rev-

In-

Pay-

ings.

Taxes.

I

ings.

enue.
f

tereit.

men

740,214

619,881

120,333

120,333

163,149

163,149

806,541

628,066

178,475

178,475

195.420

195,420

784,614

617,321

167.293

167,293

192^82

192,282

845,402

679,467

165,935

165,935

190,738

190,738

878,857

683,470

195,387

195,387

190,496

190,496

907,654

714.404

193.250

202.151

188,124

188,124

941,253

751,030

190,223

190,223

181,391

181,391

905,372

742,236

163,136

163,136

179,165

179,165

Balance

-4-4816
-16.945
-24,989
-24,803
+ 4,891
+ 14.027
+ 8,833
-16,029

General Balance Sheet, June 30, 1897.

Cost of Road $4,529,856 17

Cost of Rolling Stock & Floating Equip... 654,255 27

Real Estate and Buildings 77,507 04

Materials and Fuel on Hand 27,546 85

Bills Receivable 38,421 12

Current Accounts 111,300 53

Cash on Hand 82,56434

Profit and Loss 401,303 61

Total Assets $5,922,814 93

Com. Stock (auth., $2,500,000; par, $100). $1,714,375 00

Funded Debt Outstanding 2,848,00000

Bills Payable 160,437 71

Interest on Bonds 1,061,130 00

Loan Account 99,700 00

Other Interest 39,17222

Total Liabilities $5,922,814 93

Funded debt consisted, June 30, 1897, of $1,848,000 ($16,500 p. m.) 1st mtge. 6 p. c. 40-yr. $1,000 gold
coupon and registered bonds, due Jan. 1, 1923, interest Jan. and July, at office of Cassatt & Co., Philadelphia,
Pa.; and $1,000,000 income mtge. 6 p. c. non-cumulative 50-yr. $1,000 registered bonds, due Oct. 1, 1933,
interest Jan. and July. Trustee of bonds: Union Trust Co., New York, N. Y.

Directors (elected March 15, 1898). — A. J. Cassntt, William A. Patton, J. O. Cassatt, C.
A. Qriscom, R. H. Townsend, Jr., Philadelphia, Pa.; John Keller, Lancaster, Pa.; U. H.
Painter, Washington, D. C.

A. J. CASSATT, President Philadelphia, Pa.

Wm. A. Patton, Vice-President "

'Treasurer- 3. G. Cassatt. . . . . .Philadelphia, Pa. | Secretary— O. 3. De Rousse Philadelphia, Pa.

Auditor— H. C. Carlile Philadelphia, Pa.

PRINCIPAL OFFICE AND ADDRESS Cape Charles, Va.

NORFOLK AND SOUTHERN RAILROAD COMPANY.

1* • r • rw , (Berkeley, Va., to Eden ton. N. C 73.05m.

Koatl * ] Mackey's Ferry, N. C., toBelhaven, N. C. 29.80 m.— 102.85 miles.
Sidings, 23.30 mile?. Gauge, 4 ft. 8£ in. Rail— iron, 45 Ibs. ; steel (105.73 ui.), 50, 56, 70lbs.

History. — Organized in May, 1891, as successor to the Norfolk Southern and the Albe-
marle and Pantego RR. Cos. (See MANUAL for 1897, p. 146 )

Rolling Stock, June 30, 1897. — Locomotives, 14. Cars — passenger, 10; baggage, etc.,
2 ; freight (box, 142 ; refrigerator, 2 ; flat, 123), 267 ; caboose, 5 ; logging trucks, 24 ; board-
ing, 4 : officers', 1 — total cars, 313. Floating equipment : Steamboats, 5 ; tugs, 2 ; car floats,
3, and 2 covered lighters.

Ope"alions, year ending June 30, 1897. — Train mileage — passenger, 60,062 ; freight,
55,586 ; mixed, 46,617 — total, 162,265 miles. Passengers carried, 85,263 ; carried one mile,
2,297,838 ; average mile rate, 3.07 cents. Tons freight moved, 260,215 ; moved one mile,
15,951,27.1 ; average ton-mile rate, 1.82 cents. Earnings — passenger, $70,714.24 ; freight,
$291,130.59; mail, $8,937.36 ; express, $4,889.06 ; other, $50,956.44— total, f426.627.69.
Operating expenses —transportation, $144,977.62 ; maintenance of equipment, $47,939.55;
maintenance of way, etc., $66,513.68 ; general, $28,138.65— total, $287,569.50. Net earn-
ings, $142,268.43 ; other receipts, $2,694.44— total, $144,962.87. Payments : Interest on
bonds, $37,500 : on bills payable (Norfolk Terminal), $1,231.94 ; taxes, $12,515.47 ; divi-
dends (July 10 and Oct. 10, 1896, and Jan. 10 and April 10, 1897, 1 p. c. each), $80,000 ; notes

152

POORS MANUAL — SOUTH ATLANTIC GROUP.

paid account Norfolk Terminal, $10,000— total, $141,247.41. Surplus, $505.22 ; surplus for-
ward, $135,521.38— total, $136,026.60.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $2,000,000 ; funded
debt (1st intge. 5 p. c. 50-yr. gold bonds, due May 1, 1941, interest payable May and Nov.,
at the office of the trustee, Atlantic Trus-t Co., New York, N. T.), "$750,000 ; bills pay-
able (Norfolk Terminal), $20,000; current accounts, $33,948.74; Ranger insurance balance,
$34.37; profit and loss, $159,938.25— total, $2,963,921.36. Contra: Cost of road and
equipment, $2,770,000 ; Steamer "Neuse" guarantor account, $31,605; materials and fuel,
$25,099.28 ; one-half cost Oriental wharf, $9,919.87 ; current accounts, $45,449.41 ; cash for
interest and dividends, $62,597.02 ; cash, Norfolk office, $26,250.78— total, $2,963,921.36.

The bonds are secured by mortgage on the road and equipment. They are for $1,000
each, in coupon form, with right of registration. Authorized on present mileage, $860,000.

Capital stock, bonded debt, revenues, etc., for six fiscal years ending June 30 :

Capital
Stock.

Bonded
Debt.

Cost and
Invest-

RR.
Oper-

Gross
Earn-

Expenses
and

Net
Earn-

Interest °^
Paid.

Total
Pay-

Balance,
Sur-

ments.

ated.

ings.

Taxes.

ings.

ments.

ments.

plus.

Years. $

s

$

Miles.

1

9

I

$

1

$

t

J892. .2,000,000

625.000

2,546,831

103.82

384,435

317,684

66,751

16,075

* 7,679

8,396

58,355

1893.

.2,000,000

625.000

2,650,538

103.82

396,704

259,873

136.831

31,250

* 8,197

t- 103,053

33,778

1894.
1895.

.2,000,000
.2,000,000

660,000
750,000

2,651,925
2,780.000

103.82
104.48

394,418
436,595

259,695
281,966

134,723
154,629

33,000
37,107

2,808
17,929

1 115,808
t 135,036

18,915
19,593

1896.

.2.000,000

750,000

2,780,000

104.48

422,510

293,426

129,084

38,982

t 74,698

t 113,680

15,404

1897.

.2,000,000

750,000

2,770,000

102.85

426,628

800,085

126,543

38,732

(a) 87,306

t!28,732

505

* Other Receipts, t Includes $80,000 dividends.

t Other receipts,

57,305, deducted.

(a) Other

receipts,

$2,694 deducted.

Directors (elected March 3, 1898). — Watson B. Dickennan, Walter S. Johnston, John G.
Moore, Henry Sampson, John W. Simpson, Grant B. Schley, New York, N. Y.; Dean Sage,
Albany, N. Y.; Alfred H. Porter, Brooklyn, N. Y.; A. J. Cassatt, Philadelphia, Pa.

WATSON B. DICKERMAN, President 74 Broadway, New York, N. Y.

John G. Moore, Vice- President " "

Sec. dk Treat.— M.. W. Dominick New York, N. Y. | Gen. Man. & Pur. Aqt.— Morris K. King. .Norfolk, Va.

Auditor— I. P. Jernigan Norfolk, Va.

PRINCIPAL OFFICE AND ADDRESS Norfolk, Va.

New York Office 74 Broadway.

OHIO RIVER RAILROAD COMPANY.

Line of Road. — Benwood Junr. to west bank of Guyandotte Biver, W. Va.. 208.66 miles.

Leased : Huntington and Big Sandy RR. (see statement on page 153) 10.92 "

Trackage : Pittsb., Wheel, and Ky. RR : Benwood June, to Wheeling, W. Va . . . 4.00 "

Total mileage operated, June 30. 1897 223.58 miles.

Sidings (owned, 34.57 m.; leased, 3.28 m.), 37.85 miles. Gauge, 4 ft. 9 in. Rail (steel), 56 IDS.

History. — Chartered April 18, 1881 ; charter amended Dec, 16, 1882; road opened through-
out in April, 1888. (See MANUAL for 1888, page 618.)

Rolling Stock, June 30, 1897. — Locomotives, 30. Cars — passenger, 28 ; baggage, etc.,
8; freight (box, 1,063; flat, 57; stock, 86; coal, 324; caboose, 11), 1,541; officers', 1 —
total cars, 1,578. Of this equipment, 6 locomotives are leased, and 300 box cars are held
under car trust.

Operations, year ending June 30, 1897. — Train mileage — passenger, 488,760 ; freight,
318,865; other, 153,798 — total, 961,423 miles. Passengers carried, 477,846; carried one mile,
14,583,182; average mile rate, 2.45 cents. Tons freight moved, 612,035; moved one mile,
78,564,004 ; average ton-mile rate, 0.64 cent.

Expenses— Conducting Transportation $294,989 97

Maintenance of Equipment 81 ,985 37

Mantenance Way and Buildings . . 182,137 75
Genera] 36,473 7 i

Total ($4,117.62 per mile) $920,61759 Total ($2,663.71 per mile) $595,58681

Earnings— Passenger $357,817 44

Freight 507,955 19

Mail and Express 37,865 00

Miscellaneous 16,979 96

POOR S MANUAL OF RAILROADS.

153

Net earnings (35.30 p. c.), $325,030.78. Payments : Interest on bonds, $243,681.81 ; on
debt, $10,048.57 ; on equipment obligations, $6,020.12 ; taxes, $27,261.41 ; rentals, $26,185.68 ;
other payments, $1,350.40— total, $314,547.99. Surplus for year, $10,482.79.

Profit and Loss Account, year ending June 30, 1897.— Surplus, June 30, 1896, $184,610.67;
surplus for year (as above), $10,482.79 ; discount on bonds sold, charged to profit and loss in
report for 1895-96, now transferred to a special account (see general balance sheet), $26,250 —
total, $221,343.46. Contra : Interest on funded debt accrued to June 30, 1897, but not matur-
ing till subsequent months, $44,258.34 ; sundry accounts affecting business of previous years,
$4,639.60 ; balance, June 30, 1897, $172,445.52— total, $221,343.46.

General Balance Sheet, June 30, 1897.

Cost of Road $10,044,198 58 Common Stock (auth., $6,000,000; shares,

Cost of Boiling Stock 1,060,392 03

Stocks and Bonds Owned. „ 108,950 00

Materials and Fuel on Hand 50,477 53

Other Property and Assets 13,083 68

Current Accounts 189,353 81

Cash on Hand 33,604 64

Discount on Bonds Sold, pro rata pro-
portion is chargeable annually to

Profit and Loss 26,022 86

Total Assets $11,526,083 13

$5,915,400 00

Funded Debt Outstanding (see below) . . . 4,874,000 00

Bills Payable 195,000 00

Current Accounts 190,255 27

Accrued Interest, not yet payable 44,258 34

Equipment Obligations 134,724 00

Profit and Loss 172,445 52

Total Liabilities $11,526,083 13

Funded debt outstanding, June 30, 1897, consisted of $2,000,000 1st mtge. 5 p. c. 50-yr. $1,000 coup,
bonds, due June 1, 1936, interest June and Dec., and $2,874,000 (auth., $3,000,000) gen. mtge. 5 p. c. 50-yr.
$1,000 coup, bonds, due April 1, 1937, interest April and Oct. Interest on both issues of bonds payable by
Central Trust Co., New York, N. Y. Trustee: Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia,
Pa.

The company guarantees the bonds, both 'as to principal and interest, of the Huntington and Big Sandy
RR. Co. (see appended statement) and of the Ravenswood, Spencer and Glenville and the Ripley and Mill
Creek Valley RR. Cos. (see statements below).

1! tint i iiKtoii and Bigr Sandy RR.— Guyan-
dotte River to Kenova, W. Va., 10.92 miles.
Branches: Ohio River to Chesapeake and Ohio RR.,
and other branches, 3 m. — total length of lines, 13.92
miles. Gauge, 4 ft. 8J In. Rail (steel), 60 Ins. Char-
tered April 12, 1890; completed during 1892. Leased
Sept. 1, 1892, to the Ohio River RR. Co., which
guarantees, by endorsement, principal and interest of.
the bonds. Capital stock (auth., $200,000), $71,000;

funded debt (1st mtge. 6 p. c. 30-yr. $1,000 gold
coup, bonds, due July 1, 1922, Interest Jan. and July,
at E. W. Clark & Co., Philadelphia, Pa.; auth. and
issued, $400,000)— total stock and bonds outstanding.
$471,000. Trustee of bonds: Provident Life and Trust
Co., Philadelphia, Pa. Geo. A. Burt, Pres.; W. M.
Trevor, Treas. ; W. N. Chancellor, Sec., Parkersburg,
W. Va. General Office, Parkersburg, W, Va,

Board of Directors, Ohio Miner RR. Co., elected May 13, 1897.

H. H. Rogers New York, N. Y.

C. M. Pratt "

A. C. Bedford " "

J. N. Camden.. Parkersburg, W. Va.
B. D. Spilman.
George A. Burt. "

Herman Oelrichs . . . New York, N. Y.

C. W. Harkness "

8. W. Colton, Jr. . .Philadelphia, Pa.

IJ. H. ROGERS, President New York, N. Y.

GEORGE A. BURT, Vice-President & Gen. Mgr.. .Parkersburg, W. Va.

Treasurer— W. M. Trevor Parkersburg, W. Va. | Secretary— A. C. Bedford New York, N. Y.

Auditor— E. W. Warmck Parkersburg, W. Va.

PRINCIPAL OFFICE AND ADDRESS Parkersburg, W. Va.

RAILROADS OPERATED BY THE OHIO RIVER RR. Co.; ACCOUNTS KEPT SEPARATELY.

RAVENSWOOD, SPENCER AND QLENVILLE RY.-Ravenswood, W. Va., to Spencer,
W. Va., 32.5 m.; sidings, 1.31 miles. Gauge, 4ft. 9 in. Rail (steel), 60 Ibs. Chartered April 10, 1886; road
opened as above Jan. 4, 1892. Locomotives, 2. Cars— baggage, etc., 1; freight (box. 5; coal, 10), 15— total, 16.

Operations, year ending June 30. 1897.— Trains run (passenger, 28,899 ; freight, 23.673 ; other, 212), 52,784
miles. Passengers carried, 22,448: carried one mile, 423.916. Tons moved, 40,210: ton-miles, 956,999. Earnings
(passenger, $11,035 ; freight, $29,129 ; other, $3,462), $43,626. Operating expenses, $32.963. Net earnings, $10,-
H63. Payments : Interest on bonds, §20,460 ; other interest, $2,118 ; taxes, $2,832— total, $25,410. Deficit, $14,-
747 ; surplus forward, $5,516 ; net deficit ($9,231, plus accrued interest on bonds, not yet payable, written off,
$8,525), $17,756.

Financial Statement, June 30, 1897.— Capital stock (shares, $100; auth., $250,000), $86.500; funded debt
(1st mtge. 6 p. c. 30-yr. $1,000 coup, bonds', due Aug. 1, 1920 ; interest Feb. and Aug., auth., $400,000), $341,000 ;
bills payable, $59,171; current accounts, $10,255; accrued interest on bonds, not yet payable, $8,525— total, $505,-
451. Contra ; Cost of road, etc., $474,390 ; materials, etc., $280 ; current accounts', $11,673 : cash, $1,351 ; profit
and loss, $17,756— total, $505,451. Interest on bonds payable at the office of the Central Trust Co., New York,
N. Y. Trustee of bonds : Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa. Principal and interest
of bonds are guaranteed by the Ohio River RR. Co.

Directors (elected May 11, 1897).— Geo. A. Burt, H. P. Camden, Parkersburg, W. Va.; G. P. Stone, D. W.
Chapman, Spencer. W. Va.; Ely Ensign, Huntington, W. Va. OFFICERS: GEO. A. BURT, Pres.; W. M. Trevor,
Tread., Parkersburg, W. Va. ; I). W. Chapman, Sec.. Spencer, W. Va.; E. W. Warnick, Avd., Parkersburg, W.
Va. GENERAL OFFICE, Spencer, W. Va.

RIPLEY AND MILL CREEK VALLEY RR.— Millwood Jet. to Jackson C. H.. W. Va., 13 miles.
Sidings, 0.20 mile. Gauge. 4 ft. 9 in. Rail (steel), 45 Ibs. Organized April 17, 1886; road opened as above Oct. 1,
1888. Operated by the Ohio River RR. Co. (which supplies the car equipment), but accounts are kept separately.
Locomotive, 1.

154

POORS MANUAL — SOUTH ATLANTIC GROUP.

Operations, year ending June 30, 1897.— Trains run (mixed*, 16,2:6 miles. Passengers carried, 7,342;
carried one mile, 73,869. Tons moved, 15,119 ; ton-miles, 139,094. Earnings (passenger, $3,707 ; freight, $9,812;
other, $804), $14,324. Operating expenses, $11,029. Net earnings, $3.294. Payments: Interest on bonds, $3,000 ;
taxes, $501— total, $3,501. Deficit, $207 ; surplus forward, $14,604 ; net surplus ($14,397, less \\ritton off, $1,250),
$13,147.

Financial Statement, June 30, 1897.— Capital flock (auth. $100,000 : shares, $25), $30,775 ; funded debt
(1st mtge. 6 p. c. 20-yr. $1,000 coup, bonds, due Aug. 1, 1908, interest Feb. and Aug.), $50,000; current accounts,
$2,118; accrued interest on bonds, $1.250; proflt and loss, $13,147— total, $97,290. Contra: Cost of road, etc.,
$89,001 : materials, etc., £61 : bills and accounts, $7,490 ; cash. $738— total, $97,290. Interest on bonds payable at
office of E. W. Clark & Co., Philadelphia, Pa. Trustee of bonds: Fidelity Insurance, Trust and Safe Deposit Co.,
Philadelphia, Pa. The bonds are guaranteed, principal »nd interest, by the Ohio River RK. Co.

Directors (elected April 8, 1897).— John H. Riley, Marietta, O. ; Geo. A. Burt, H. P. Camden, Parkersbnrg,
W. Va.; Ely Ensign, Huntington, W. Va.: Warren Miller, Jackson C. H., W. Va. OFFICERS : JNO. H. RILEY,'
Pres., Marietta, O.; Geo. A. Burt, Vice-I'res.; W. M. Trevor, iSec. & Treas,; E. W. Warnick, Aud., Parkersburg,
W. Va. GENERAL OFFICE, Jackson C. H., W. Va.

RICHMOND, FREDERICKSBURG AND POTOMAC RAILROAD COMPANY.

Main Line of Road. — Elba, Richmond, Va., to Quantico, Va. . . .78.75 m.

James River Branch : Acca, Va., to James River 3.34 m.

T , j Potomac RR.: Quantico, Va., to Quantico June 1.70 m.

: | R., F. & P. & R. & P. C. RR : In Richmond, Va 1.25 m.— 85.01 miles.

Sidings, etc., 24.44 miles. Gauge, 4 fr. 8i in. Rail (steel), 67 and 75 Ibs.

History.— Chartered June 20, 1834 ; opened throughout in 1891. (See MANUAL for 1894.)
The Byrd street depot at Richmond is owned jointly by this company and the R. & P. RR. Co.

Rolling Stock, June 30, 1897. — Locomotives, 23. Cars — passenger, 18 ; bnggage, etc.,
14 ; freight (box, 63 ; flat, 48), 111 ; caboose and camp, 22 ; service, 20 — total, 185.

Operations, year ending June 30, 1897. — Train mileage — passenger, 313,646 ; freight,
242,827; other, 10,470— total, 566,943. Passengers carried, 283,482; cariied one mile. 11,-
840,295 ; average mile rate, 2.321 cents. Tons freight moved, 443,561 ; moved one mile,
31,097,015 ; average ton-mile rate, 1.014 cen's.

Earnings— Passenger $277,860 76

Freight 315,353 38

Mail and Express 82,926 03

Miscellaneous 4,620 00

Expenses— Conducting Transportation §275,655 58

Maintenance of Equipment 59,954 08

Maintenance Way and Buildings. 85,312 21
General £6,387 81

Total ($8,005.17 per mile) $680,760 17 Total ($5,259.99 per mile) $447,309 68

Net earnings (34.23 p. c.), $233,450.49; add interest, etc., $7,386. C6 ; rents, $443.05—
total, $241,279.60. Payments : Interest on bonds, $56,550.73 ; on debt, $143.74 ; dividends on
guaranteed stock (7 p. c.) $35,028 ; dividends on common stock and on dividend, obligations
(6ip. c.), $146,289; deficit (rental of leased lines), $2,899.55— total, $240,911.02. Surplus,
$368.58 ; surplus forward, $96,949.25— total ($97,317.83; less deductions, $9,406 13), $87,911.70.

Capital
Years. Stock.

i

1,657,300
1,667,300
1,667,300
1,067,300
1,667,300
1,677,800
1,677,800
1,678,800

1890.
1891.
1892.
1893.
1894.
1895.
1896.
1897.

3k, bondt

'd di-bt, gross and net revenue,

etc., for eight

Cost and

RR.

Gross

Expenses

Net

Inter-

Konclcu.

TfcoHt

Invest-

Oper-

Earn-

and

Earn-

est

LfGOl.

ments.

ated.

ings.

Taxes.

ings.

Paid.

s

8

Miles.

£

S

S

S

1,190,971

3,427,608

81.70

708,793

440,244

268,549

44,^46

1,120,971

3,482,936

85.04

756,153

462,760

293,393

59,705

1,120,891

3,500,833

85.04

746,529

455,577

290,952

59,507

1,120,891

3,667,148

85.04

783,400

497,433

285,967

60,061

1,120,891

3,735,397

85.04

673,519

443,156

230,363

59,475

1,109,102

4,685,130

85.04

710,590

467,739

242,851

58,969

1,081,033

3,710,751

85.04

739,368

496,700

242,<>68

56.8H5

1,081,033

3,710,944

85.04

680.760

447,310

233,450

56,695

*

Less other

receipts.

fisc.nl yc ars :

™vj- Tp0'*1 Balance,
aunds ray- C|lrni,,,.
Paid ments. &urP1UB-

S 8

S

179,752 *~23,li6

20,268

191,688 *24 1,309

52,084

191,068 *241,117

49.835

191,688 * 238,867

47,100

180,498 *229,814

549

192,021 *841,576

1,276

192,570 *241,977

691

181,317 *233,082

369

General Balance Sheet, June «0, 1897.

Cost of Road and Property $3,590,461 15

* Sundry Investments 120,483 30

New Steel Rails 15,368 2!)

Potomac Railroad Company — Loan 121,712 05

Cash on Hand and on Deposit 104,250 36

Current Assets 68,290 66

Supply Account 30,121 14

Common Stock (par, $100) $1,178,800 00

Guaranteed Stork (par, $100) 500,400 00

Dividend Obligations and Scrip 1,072,050 00

Funded Debt Outstanding 1,081,13240

Floating Debt 2,240 00

Interest Accrued, not yet payable 8,605 00

Current Liabilities 119,547 82

Profit and Loss 87,911 70

Total Assets $4,050,686 95 Total Liabilities $4,050,686 95

* 1st mtge. 4 p. c. gold railroad bonds, $73,392.50; R., F. & P. RR. dividend obligations, $32,150; R., F.
& P. RR. convertible 7s, $14,940.80— total, $120,483.30.

POOR'S MANUAL OF RAILROADS.

155

The guaranteed stock bears interest — $481,100 at 7 p. c. and $19,300 at 6 p. c. The divi-
dend obligations were issued to stockholders in lieu of net earnings applicable to dividends,
which had been expended on improvements and credited to profit and loss. They stand
upon precisely the same footing as common stock, except that they do not carry voting
power ; and they are entitled to share equally in any dividends that may be declared.

Funded debt outstanding ($1,081,132.43), June 30, 1897, consisted of—

1st mtge. 5 p. c. coup, bonds, dated 1858, due in London, 1901, interest Jan. and July $47,247 60

1st mtge. 6 p. c. coup, bonds, dated 1870, due in United States, 1901, interest May and Nov 298,000 00

1st mtge. 5 p. c. convertible bonds, dated 1856, due in United States, 1901, interest Jan. and July.. 99,070 00
2d mtge. 5 p. c. certificates of debt, dated 1844 and 1866, due in U. S., 1901-2, int. Jan. and July... 53,511 83
1st mtge. 7 p. c. certificates of debt, dated 1858, due in United States, 1899, interest Jan. and July. 83,303 00

Consolidated 4J p. c. 50-yr. $1,000 gold coup, bonds, due April 1, 1940, interest April and Oct 500,000 00

The authorized amount of consols is $2,000,000, of which a sufficient amount is reserved to redeem the
prior lien bonds at maturity and to provide for extensions and improvements. There is provision for registra-
tion of principal and interest of these bonds. Interest on bonds payable at the office of the Central Trust
Co., New York, at the company's office in Richmond and at the office of Messrs. T. Whelen & Co., Philadel-
phia. Trustees of bonds: E. R. Robinson, and the Central Trust Co. of New York.

RAILROADS LEASED BY THE RICHMOND, FREDERICKSBURG AND POTOMAC RR. Co.

Potomac Railroad.— Quantico, Va., to R., F.
& P. June., 1.70 miles. Rail (steel), 70 Ibs. Char-
tered April 21, 1867; road opened May 1, 1872.
Leased on May 17. 1877, to the R., F. & P. RR. Co.
Capital stock ($100 shares), $101,000; funded debt
(reg. mtge. 6 p. c. bond, dated May 17, 1877, interest
payable May 17 yearly, due May 17, 1905, or there--
after on six months' notice), $121,712— total, $222,-
712. Contra: Cost of road, $123,732; unpaid install-
ments on stock, $98.980— total, $222.712. Charles
Chauncey, Prea., Philadelphia, Pa.; .J. B. Winston,
Sec. & Treas., Richmond, Va. Corporate Office,
Richmond, Va.

Richmond, Frederlcksburg; and Poto-
mac and Richmond and Petersburg?
Connection Railroad. — In Richmond, Va., 1.25
miles. Rails (steel). 67 Ibs. Chartered March 3, 1866,
and road opened May 1, 1867. Operated by the R.,

F. & P. RR. Co., under the terms of a lease made to
that company and the R. & P. RR. Co., jointly, on
Aug. 1, 1866, and supplemental agreement of April
1, 1867, by which the lessees agree to pay as rental
a specific sum on passengers and freight moved over
this road, with a guarantee that such rental shall
equal 8 p. c. on the stock of this company. Income
Account, year ending June 30, 1897.— Rental, $14,880;
other receipts, $1,841— total, $16,721. Expenses and
taxes, $895. Net income, $15,826. Paid dividends,
$16,000. Financial Statement, June 30. 1897.— Capi-
tal stock ($100 shares). $140,000; dividends unpaid,
$264; profit and loss, $38,238— total, $178.502. Contra:
Cost of road, $140,740; real estate, $18,738; other
investments, $16,460; cash, $2,564— total, $178,502;
books close 10 days In advance. E. T. D. Myers,
Pres.; J. B. Winston, Sec. & Treas., Richmond, Va.
Corporate Office, Richmond, Va.

Board of Directors, B., F. & P. RR. Co., elected Nov. 17, 1897.

H. Walters Baltimore, Md. I W. J. Leake Richmond, Va.

B. F. Newcomer " " | Charles Chauncey Philadelphia, Pa.

State Director— J. T. Ellyaon Richmond, Va.

E. T. D. MYERS, President and Gen. Supt Richmond, Va.

Sec. & Treas. — J. B. Winston Richmond, Va. | Auditor — J. E. Cox Richmond, V».

PRINCIPAL OFFICE AND ADDRESS Richmond, Va.

SOUTH CAROLINA AND GEORGIA RAILROAD COMPANY.

Main Line of Road. — Charleston, S. C., to Augusta, Ga 137.50 miles.

Columbia Division : Branchville to Columbia, S. C 67.10 m.

Camden Division : Kingville to Camden, S. C 37.10 m.

Lamb's Branch : Ten-mile to Lamb's, S.C 3.13 m.— 107.33 "

Leased : Augusta Southern RR.: Augusta to Tennille, Qa 84.00 "

Total length, of lines operated June 30, 1897 328.83 miles.

Average mileage operated during the fiscal year 272.83 "

2d track, 6.19 m.; sidings (owned, 58.12 m.; leased, 2.95 m.), 61.07 miles. Gauge, 4 ft. 8i in.
Rail (steel, 278.16 m.), 56 to 70 Ibs.

History. — Reorganization in May, 1894, of the South Carolina RR. Co. (See MANUAL
for 1894, p. 163 ; also MANUAL for 1897, p. 150.) The Augusta Southern RR. (see appended
statement), is leased in perpetuity from March 1, 1897. .

Rolling Stock, June 30, 1897. — Locomotives, 42. Cars — passenger, 27 ; combination, 13;
baggage, etc., 10; freight (box, 923; coal, 49; flat, 209; stock, 10; caboose, 21), 1,212; other,
23— total cars, 1,285. Of this equipment, 5 locomotives and 285 cars (2 passenger, 2 baggage,
etc., 2 combination, 259 box and 20 flat), are held under car trust.

Operations, year ending June 30, 1897 (272.83 m.). — Train mileage— passenger, 480,746 ;
freight, 461,993 ; other, 466,456— total, 1,409,195 miles. Passengers carried, 424,687 ; carried
one mile, 13,565,885 ; average mile rate, 2,028 cents. Tons freight moved, 771,748 ; moved
one nvle, 75,597,883 ; average ton-mile rate, 1.166 cents.

156

POORS MANUAL — SOUTH ATLANTIC GROUP.

Earnings— Passenger $275,085 67

Freight 881 ,887 01

Mail and Express 50,240 17

Miscellaneous 4,850 84

Expenses— Conducting Transportation $482,172 07

Maintenance of Equipment . 1 13,768 24

Maintenance Way and Buildings. 117,780 95

General 63.768 51

Total ($4,442.56 per mile) $1,212,063 69 Total ($2,849.72 per mile) S7y7^39~77

Net earnings (35.85 p. c.), $434,573.92; add rents, etc., $4,420.26— total, $438,994.18.
Payments: Interest on bonds, $262,500; on equipment notes, $3,000; taxes, $54,620.14;
rental (A. S. RR.), $6,666.66— total, $326,786.80. Surplus, $112,207.38 ; surplus forward,
$65,644.12— total, $177,851.50.

Statement of operations, etc., for eight fiscal years :

1890

Oct. 31.

1891

Oct. 31.

1892

Oct. 31.

1893

Oct. 31.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Passenger Train Miles
Freight Train Miles

618,425
590,220
408,863
692,422
$
385,679
1,078,053
. 58,007

652,787
557,108
531,034
938,950
$
419,220
1,259,268
55,335

547,248
496,142
358,732
829,599
$
346,748
990,278
60,643

530,409
491,302
293,255
834,883
$
311,570
977,933
61,334

486,073
481,982
269,798
808,699

272,236
906,166
56,925

469,035
447,82f
254,37C
659,32^

$
264,21f
775,61'
49,7£

466,087
407,295
367,156
598,725
$
277,792
742,307
50,978

480,746
4til,993
424,687
771,748
£
275,03(i
881,887
55,091

TODS Freight Moved.

Passenger Earnings

Freight Earnings

Gross Earnings

1,521,739
990,977

1,733,828
1,141,549

1,397,669
985,402

1,350,837
1,022,970

1,2:35,327
1,002,906

1,089,561
728,910

l,071,07(i
717,455

1,212,061
777,4»)

Operating Expenses

Net Earnings

580,762
65.10 p. c.

592,274
65.84 p. c.

412,267
70.50 p. c.

327,867
75.73 p. c.

232,421
81.18 p. c.

360,631
66.90 p. c.

353,621
66.97 p. .c

434,571
64.15 p. c.

Expenses to Earnings

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $10,292,550 55

Stocks of Other Companies Owned.

* Other Investments

Interest on Notes, not due

Cash and Current Assets

Materials and Supplies

Insurance Paid, etc. (chargeable
1897-98)

4,500 00
263,284 20

11,625 00
263,216 14

34,679 79

5,738 82
Total Assets .$10,875,594 50

to

Capital Stock (shares, $100) $5,000,000 00

Funded Debt Outstanding 5,250,000 00

Equipment Notes 78.000 00

Current Liabilities 324,326 31

Accrued Interest on Funded Debt, not

yet payable 45,416 ffi

Profit and Loss 177,851 50

Total Liabilities $10,875,534 50

* Real estate exempt from mtge., $73,695.24; South Carolina Ry. Estate, $99,662.59; Charleston terminal,
$89,926.37— total, $263,284.20.

Funded debt authorized and outstanding consists of 1st mtge. 5 p. c. $1,000 gold bonds, dated May 12,
1894, due May 1, 1919, interest May and Nov., at the company's office, New York, N. Y. Interest and princi-
pal payable in gold. Bonds are coupon, for $1,000 each, and may be registered as to principal only. They are
a first lien upon the property, excepting about 30,000 acres of timber and tillage land, and village lots n t
needed for railroad purposes, which were omitted from the lien of the mortgage for convenience in making
titles when sold. Trustee of bonds: Central Trust Co., New York, N. Y. The old South Carolina 1st consols
received 94 p. c. in the new Ists, 10 p. c. in new stock, and cash for six overdue coupons. The junior
securities were extinguished.

Board of Directors, South Carolina and Georgia EE. Co., elected Nov. 10, 1897.

Charles Parsons. . . New York, N. T.
Walton Ferguson..
William Lummis. .
Clarence S. Day. . .

George Parsons New York, N. Y.

Edwin Parsons New York, N. Y.

Henry Parsons

Geo. A. Wagener. .Charleston, S. C.
E. W. Robertson Columbia, S. C.

Chas. Parsons, Jr..
Jefferson Hogan..
Frank B. Wesson.
Asbnry Hull Augusta, Ga.

CHARLES PARSONS, President 15 Broad St., New York, N. Y.

Charles Parsons, Jr., Vice- President " "

Edwin Parsons, Asst. to the President " " "

Tread. & Sec.— Henry Parsons New York, N. Y. | Auditor— F. A. Healy Charleston, S. C.

PRINCIPAL OFFICE AND ADDRESS 458 King St., Charleston, S. C.

RAILBOAD LEASED BY THE SOUTH CAROLINA AND GEORGIA RR. Co., March 1, 1897.

\ UK us < ii Southern RR.— Augusta to Tennille,
Ga., 84 m.; sidings, 2.95 miles. Rail (steel), 56 Ibs.
Gauge, 4 ft. 8i in. (For history see Manual for 1897.)
On March 1, 1897, this road was transferred under
a perpetual lease to the South Carolina and Georgia
RR. Co., which agrees to pay as rental the interest
on $400,000 of this company's 1st mtge. bonds, and
all net earnings, after paying fixed charges, are to be
dividend: 50 p. c. to A. S. and 50 p. c. to S. C. & Ga.
RR. Co. Locomotives, 5. Cars — passenger, 4; baggage,
2; freight (box, 15; flat, 20), 35; caboose, 5— total, 46.
All of this equipment except 5 caboose cars is held
under car trusts. Gross earnings, eleven months
ending March 1, 1897, $76,022; operating expenses,
$48,060; net earnings, $27,962; other income, $1,534—

total, $29,496. Payments: Interest, $6,827; taxes,
$2,920— total, $9,747. Surplus, $19,749. Financial
Statement, March 31, 1896 (latest rendered) .—Funded
debt, $60,000; bills payable, $263,637; accounts, $.'!7,-
962; profit and loss, $15,707— total, $377,306. Contra:
Cost of road, $354,762; real estate, etc., $12,112; ac-
counts, $8,743; cash, $1,689— total, $377,306. Inteiest
payable in New York, and Augusta, Ga. Cap tal
stock authorized— common, $400,000; preferred, $350,-
000. Preferred stock Is entitled to 7 p. c. non-cumu-
lative dividends. Trustee of bonds: Central Trust
Co., New York, N. Y. (All later information re-
fused.) Jas. U. Jackson. Pros.; P. H. Langdon,
Vice-Pres.; F. W. Scofleld, Sec. & Treas., Augusta,
Ga. General Office, Augusta, Ga.

POOR'S MANUAL OF RAILROADS.

157

WEST VIRGINIA CENTRAL AND PITTSBURG RAILWAY COMPANY.

{For map of this road, see page 159.)

Main Liue of Road.— W.Va. C. Jc. (with B. & O.) to Elkins.W. Va. 84.4 m.

Mineville Branch : Shaw to Mineville, W. Va 2.0 m.

Elk Garden Branch : Harrison to Elk Garden, W. Va 7.0 m.

Davis Branch : Thomas to Davis, W. Va 6.3 m.

Belington Branch : Elkins to Belington, W. Va 17.6 m.

Beverly Branch : Elkins June, to Beverly, W. Va 5.5 m. — 122.8 miles.

Leased : Piedmont & Cumberland By.: W. Va. C. Jc. to Cumberland, Md 28.8 "

Total length of lines operated, June 30, 1897 151.6 miles.

2d track, 4.64 m. ; sidings (owned, 31.27 m. ; leased, 10.34 m.), 41.61 miles. Gauge, 4 ft. 8$ in.
Rail (steel), 56, 60, and 70 Ibs.

History. — Chartered Feb. 23, 1881 ; main line opened throughout on May 1, 1892 ;
branches at different period.". (See MANUAL for 1893, p. 670.) The Piedmont aud Cumber-
land Ry. is leased by this company under terms as shown in the appended statement.

This company owns 29,069 acres of coal lands and 3,175 acres of iron-ore lands, and ha :
mineral rights on 1,743 acres of coal land and 3,664 acres of iron-ore land. It also owns 14
acres of land at the junction of the B. & O. RR., near Piedmont, W. Va., and lands for
depot and terminal purposes at other points on the road.

Rolling1 Stock, June 30, 1897. — Locomotives, 32. Cars — passenger, 9 ; combination
passenger, 7; baggage and mail, 1 ; officers', 1; freight (box, 150; coal hoppers, 306 ; gon-
dolas, 1,433 ; caboose, 14), 1,903 ; service, 18— total, 1,939. Also 87 hand cars.

Operations, year ending June 30, 1897. — Train mileage — passenger, 175,452 ; freight,
309,772; mixed, 22,958 ; other, 190,068— total, 698,250 miles. Passengers carried, 192,111 ;
carried one mile, 3,567,881; average mile rate, 2.792 cents. Tons freight moved, 1,693,949 ;
moved one mile, 96,125,514 ; average ton-mile rate, 0.658 cent.

EARNINGS.
passenger

Main Line
and All Lines.
Branches.

$ $

. 81,045 91 101,556 75

Coal and Coke Freights

245,452 13 380,652 20

Other Freight and Express. . .

... 181,32733 258,49500

Car Mileage, Mail, etc

. . . 85,537 08 83,604 61

Miscellaneous ',

. . . 10,985 51 18,483 80

Total Earnings . . .

. . 604.347 96 842.792 36

EXPENSES.

Main Line

and All Lines.
Branches.

$ $

Conducting Transportation 146,745 82 205,046 48

Maintenance of Equipment 87,65183 132,163 01

Maintenance Way and Buildings. 109,890 55 139v71 1 86

General and Taxes 68,85609 69,74638

Total Expenses 413,144 29 546,667 73

Net Earnings 191,203 67 296,124 63

Net earnings, W., V. C. & P. Ry. (31.64 p. c.), $191,203.67 ; add net mining receipts,
$77,665.40 ; net profit in operating P. & C. Ry., $5,158.73— total income, $274,027.80. Pay-
ments : Interest on bonds, $180,000. Surplus after fixed charges, $94,027.80; surplus for-
ward (.$773,324 76, less dividend No. 9, 1 p. c. paid Feb., 1897, $55,000), $718,324.76— total
surplus, $812,352.56.

General Balance Sheet, June 30, 1897.

Railroad, Telephone, and Telegraph Lines $2,400,366 83

Cost of Rolling Stock 1,293,571 28

Second Track Account 98,381 06

Real Estate and Buildings 6,071,317 21

108,366 29
48,502 91
75,317 85

159,999 75
72,629 71

Capital Stock Authorized $6,000,00000

Funded Debt Outstanding 3,000,00000

Bills Payable 283,820 00

Coupons Payable, July 1, 1897 90,485 00'

Pay Rolls for June, 1897, Bills and Accts. 141,795 33

Profit and Loss 812,352 56;

Materials and Fuel on Hand.

Mine Construction

Current Accounts

Cash on Hand

Improvements and Betterments.

Total Assets $10,328,452 89 Total Liabilities $10,328,452

Of the capital stock as authorized ($6,000,000 in $100 sha.es), $500,000 is in the treasury
of the company, leaving $5,500,000 outstanding.

Funded debt consisted, June 30, 1897, of ($3,600,000 auth.) 1st mtge. 6 p. c. 30-yr. $1,000 gold coup,
bond with privilege of registration, due July 1, 1911, interest payable Jan. and July, at the First National
Bank, New York, N. Y., and at the office of Hambleton & Co., Baltimore, Md. The bonds are secured by a
first and only mtge. on the road-bed and equipment, and also on 37,651 acres of coal, iron, and timber lands.
They are limited in issue to $25,000 per mile of completed road. Trustees: Wm. Pinkney Whyte and the
Metropolitan Trust Co. of New York.

158

POOR'S MANUAL— SOUTH ATLANTIC GROUP.

Capital stock, bonded debt, permanent investment, gross and net revenue, etc., for two
years (1890-91), ending Dec. 31, six months (1892), and five years (1893-97) ending June 30:

YEARS.

Capital
Stock.

Bonded
Debt.

Cost and
Invest-
ments.

Gross

Net

1890 6,000,000 2,500,000 9,035,993

1891 6,000.000 2,694,000 9,463,330

1892 (6 mo). 6,000,000 2,900,000 9,562,504

1893 6,000,000

1894 6,000,000

1895 6,000,000 3,000,000

1896 6,000,000 3,000,000

Miles.
131.00
151.64
151.64
151.64
151.64
151.64
151.64
151.64

Total Interest Taxes,

Tfo^ ** T?.^, Net on Dividends,

Earnings. Earnings. Income Bonds Etc

$

*144,866
*162,120
*114,326
*188,024
•H94.684
$206,114
6204,297
1152,721

$

S

S

$

600,181

230,969

336,753

145,561

716,842

300,122

395,262

154,050

370,632

150,172

206,873

83,816

769,895

303,348

447,902

177,045

699,148

296,373

380.761

180,000

750,567

325,437

408,476

180,000

855,912

353,576

456,183

180,000

842,792

321,583

399,248

180,000

3.000,000 9,730.471
3,000,000 9,779,813
9,822,508
9,922,819

1897 6,000,000 3,000,000 9,984,769

* Including $55,000 dividends paid. t Including dividend No. 7 ($82,500), paid Feb., 1895.

} Including dividend No. 8 ($82,500), paid Jan., 1896. § Including dividend No. 9 ($55,000), paid Feb., 1897.

U Including dividend No. 10 ($27,500), paid Oct., 1897.

46,326
79,092

8,731
82,833

6,077
22,362
71,886
66,527

MnnNG. — The first shipment from the company's mines was made on Oct. 20, 1881
total shipments of coal from all mines on the line of the road from the date mentioned
close of the last fiscal year were as follows :

. The
to the

ELK GARDEN REGION.

UPPEB POTOMAC REGION.

ROARING
CREEK
REGION.

I

&

Year.

si

o

.sj .

A*0 •

>r « <o

P> 0 p

81S

Davis and
Elkins
(Windom.)

Atlantic.

a,;
SJ:

««

«.M

f s
!«

1

P

Thomas.

a

*a

a

a

h m

|S

o§

Junior.

Custer and
Harding.

*1881.

11,372

11,372
257.086
330,017
458,760
401,350
346,929
448,821
563,598
560,345
700,240
823,874
400,136
816,649
748,431
891,127
W2.62'}
1,053,460

1882.
1883.
1884.
1885.
1886.
1887.
1888.
1889.
1890.
1891.
t!892.
11893.
J1894.
J1895.
11896.
$1897.

228,294
261,075
375,590
268,780
211,852
259,354
356,259
353,216
414,547
420,503
183,715
359,195
292,000
392,909
436.477
369,590

28,774
68,942
83,170
65,792
50,686
59,801
30,407
1,737
5,926
2,603
1,812
4,741
10,735
59,269
168.507
178,434

57,213
63,715
107,605
97.285
62,934
63,121
92,192
25,361
42,759
43,472
52,323
13,837

8,434
17,904
18,287
69,297
99,771
111,477
141.142
56,572
97,767
92,757
45,001
.85,590
72,320

1,131
2,772
3,774
10,350
23,320
30,495
55,888
43,120
95,536
117,681
125,781
202,074
252,394

18,671
73,384
88,576
32,356
80,697
50,590
82,158
42,383

696

15,146
31.577
65,296
51,447
49,760
85.5%
47,318

1,290
1,604
612
2,572
7,517
54,979
1.588
7,787

502
4,238
32,727
33,187
30,059
39.839
99,330

5,718
20,410
31,834
36,415
36,467
5,480

363
2,641
5,235
5,926
10.207
25,890

884
7,395
8,495
1.061
152

Totals .

5,194,728

821,336

468,815

721,817

239,932

136,333

866,319

964,516

296,135

26,620

50,262

17,987

9,804,800

* Oct. 20 to Dec. 31, 1881 ; from 1882 to 1891, inclusive, years ending Dec. 31. f Six months ending June
30. t Years ending June 30.

The total shipments of coke from all ovens on the line of the road from July, 1887, when the first
shipment was made, to June 30, 1897, were as follows: From Thomas ovens, 82,810 tons; from Coketon overis,
534,576 tons; from Douglas ovens, 123,386 tons; from Custer ovens, 930 tons; an aggregate of 741,702 tons.

Piedmont and Cumberland Ry.— W. Va.

June., near Piedmont, to Cumberland, Md., 28.85 m.;
Keyser Spur, 0.39 m.— total, 29.24 miles. Chartered
April 8. 1886; road opened Aug. 1, 1887. Leased Feb.,
1894, to the W. Va. C. & P. Ry. Co. till Aug. 1,
1911; rental, 37 p. c. of gross earnings. Total In-
come (37 p. c. of gross) year ending June 30, 1897,
$88.224. Paid interest, $32,500; general expenses
and' taxes. $9,558; new and permanent improve-
ments, $17,584; dividend (5 p. c.), $32,500— total,
$92,142. Deficit. $3.918. Financial Statement. June
30, 1897.-rCapital stock (par, $50), $650,000; funded

debt (1st mtge. 5 p. c. 25-yr. gold bonds, dated Aug,
1, 1886, due Aug. 1, 1911, interest Feb. and Aug.),
$650.000; bills payable, $10,000; coupons, $16.350;
profit and loss, $123.684— total. $1.450,092. Contra:
Cost of road, $1,385.640; depots, etc., $18,362; cash
and cash assets, $46,090; outstanding checks, $58—
total, $1,450,092. Interest on bonds payable at the
office of Hambleton & Co., Baltimore, Md. H. G.
Davis, Pres., Elkins, W. Va.; T. B. Davis, Vice-
Pres., Keyser, W. Va.; C. M. Hendley, Sec. & Treas.,
Baltimore, Sid. General Office, Baltimore, Md.

Board of Directors, Went Virginia Central and Pittsburg Ry. Co., elected Aug. 10, 1897.

H.G.Davis Elkins, W. Va. I S. B. Elkins Elkins, W. Va.

T. B. Davis Keyser, W. Va. | W. W. Taylor Baltimore, Md.

John A. Hambleton. Baltimore, Md.
Arthur P. Gorman Laurel, Md.

R. C. Kerens St. Louis, Mo.

HENRY G. DAVIS, President Elkins, W. Va.

Stephen B. Elkins, Vice-President " "

Secretary— C. M. Hendley Baltimore, Md. Auditor— Geo. D. Woodrow Elkins, W. Va.

General Manager— C. L. Bretz Cumberland, Md. Ass. 6. Man. <fe Pur. Agt.—W. H. Bower

PRINCIPAL OFFICE Elkins, W. Va. New York Office 1 Broadway.

Baltimore Office 10 South St. Philadelphia Office . . . Harrison Building.

159

160 POOR'S MANUAL — SOUTH ATLANTIC GROUP.

ABERDEEN AND BOCKFISH BB.- Aberdeen to Endon, N. C., 12.75m.; Junction to Raeford,
N. C., 10.25m.— total, 23 miles. Gauge, 4 ft. 9 in. Rail (steel), 40 Ibs. Chartered June 22, 1892 ; road opened
to Endon, June 30, 1895 (see MANUAL for 1897). Locomotive, 1. Cars— combination, 1 ; hand, 1.

Operations, year ending June 30, 1897.— Earnings (freight), $13,502. Operating expenses, $5,394. Net
earnings, $8,108. Payments : taxes, $320 ; other, $441— total, $761. Surplus, $7,667 ; surplus forward, $7,770—
total, $15,437.

Financial Statement, June 30, 1897.— Capital stock (auth., $145,000; shares, $50), $75,607. Contra:
Cost of road, etc., $53,804 ; cash and current assets, $5,244 ; materials, etc., $3,225 ; sinking fund, f 12,596 ; other
assets, $738— total, $75,607.

Directors (elected June, 1897).— John Blue, N. S. Blue, N. A. McKeithen, R. N. Page, A. D. McLean, J. A.
Blue, Aberdeen, N. C. OFFICERS : JOHN BLUE, Pres. & Gen. Mgr.; N. S. Blue, Sec. <fe Treas.: A. D. McLean,
Auditor, Aberdeen, N. C. GENERAL OFFICE, Aberdeen, N. C.

ABEBDEEN AND ASHEBOBO BY.— Aberdeen to Asheboro, N. C., 56 m- Biscoe to Troy, N. C.,
7.5 m.— total (.steel ; 40 Ibs.), 63.5 miles. Gauge, 4 ft. 9 in. The Aberdeen and West End RR. Co., chartered in
Feb., 1889, built the road from Aberdeen to Star and the branch to Troy (see MANUAL for 1897, p. 155), while the
extension from Star to Asheboro, 22.75m., completed about Oct. 1, 1896, was built under the charter granted in
April, 1896, to the Asheboro and Montgomery RR. Co. Locomotives, 5. Cars— passenger, 4 ; freight (flat), 53;
other, 3— total, 61.

Operations, year ending June 30, 1897.— Earnings (passenger, $3,227: freight, $42,731; other, $2,469),
$48,42?. Operating expenses, $36,002. Net earnings, $12,425. Payments : Interest on bonds, $3,000 ; on debt,
$2,41)4; taxes, $759; permanent improvements, $53,822— total, $60,075. Deficit, $47,650; surplus forward, $20,-
322 ; net deficit, $27,328.

Financial Statement, June 30, 1897.— Capital stock (auth., $650,000 ; shares, $100), $250,000 ; funded
debt (1st intge. 6 p. c. 20-yr. bonds, due Jan., 1910, interest Jan. and July : auth., $2,000 p. m. track), $50,000 ;
current liabilities, $78,669— total, $378,669. Contra : Cost of road, etc., $250,448 ; cash and current assets, $6,128;
materials, etc. , $1,600— total, $258,176. Interest on bonds payable at the company's office, or at the office of the
trustee, the Baltimore Trust and Deposit Co., Baltimore-, Md.

Directors (elected May, 1897).— A. F. Page, Henry A. Page, J. R. Page, N. A. McKeithen, Frank Page,
Aberdeen, N. C.; R. N. Page, Biscoe, N. C.; Neill Leach, Candor, N. C. OFFICERS : A. F. PAGE, Pres.; Robert
N. Page, Sec. <& Treas.; Frank Page, Auditor, Aberdeen, N. C. GENERAL OFFICE, Aberdeen, N. C.

ALBANY AND NOBTHEBN BY.— Albany to Cordele, Ga., 35 m. ; total track (steel ; 60 Ibs.),
37.75 miles. Gauge, 4 ft. 9 in. Reorganization, Nov. 1, 1895, of the Albany, Florida and Northern Ry. Co., whose
property was sold under foreclosure Feb. 28, 1895. (See MANUAL for 1895.) Formerly leased to the Savannah,
Americus and Momgomery Ry. Co. (now Georgia and Alabama Ry. Co.). Locomotives, 2. Cars— passenger, 2 ;
baggage, etc., 1 ; freight (box, 4 ; flat, 8), 12 — total, 15.

Operations, year eliding June 30, 1897.— Trains run (passenger, 3,890; mixed, 21,910 ; other, 500), 26,300
miles. Passengers carried, 14,578 ; carried one niile, 262,058. Tons moved, 35,226 ; Ion-miles, 763,861. Earnings
(passenger, $8,193 ; freight, $25,718 ; other, $1,516), $35,427. Operating expenses, $33,030. Net earnings, $2,-
398. Payments : Interest on bonds $10,000 ; other interest, $2,045 ; taxes, $2,223— total, $14,268. Deficit,
$11,870 ; deficit forward, $7,934— total, $19,805.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $350,000 ; funded debt (1st mtge. 5 p.
c. 50-yr. $1.000 coup, bonds, dsted Jan. 1, 1896, interest Jan. and July), $400,000 ; car trust notes, $6,298 ; current
accounts, $2,550 ; interest on bonds, $10,000— total, $768,848. Contra : Cost of road, etc., $758,293 ; materials', etc.,
$500 ; accounts, $1,217 ; cash, $488 ; profit and loss, $8,350— total, $768,848. The car trust notes were issued in
Oct., 1890, and are payable monthly. Trustees of bonds: Frank S. Hambleton, Baltimore, Md., and Henry P.
Talmadge, New York, N. Y.

Directors (elected Nov. 1, 1897).— Henry P. Talmadge, New York, N. Y.; Luther S. Bent, Philadelphia,
Pa.; T. Edward Hambleton, Frank S. Hambleton, Baltimore, Md.; S. R. Weston, Morris Mayer, T. M. Carter,
Morris Weslosky, S. B. Brown, Albany, Ga. OFFICERS : T. EDWARD HAMBLETON, Pres., Baltimore, Md.; J. S.
Crews, Treas., And. & Gen. Mgr., Albany, Ga. ; W. F. Clarke, Sec., Americus, Ga. GENERAL OFFICE, Albany,
Ga.

ALEXANDEB AND BICH MOUNTAIN BB.-Alexander June., W. Va., to Rich Mountain,
W. Va., 23 m.; total track (steel ; 35 and 52 Ibs.), 27 miles. Gauge, 4 ft. 8£ in. Chartered June 28, 1892 ; completed
as above during 1896. This is a logging road, operated in connection with the Alexander Lumber Co. Locomo-
tives, 4. Cars (flat, 8 ; logging, 55), 63.

Financial Statement, June 30, 1897.— Capital stock (auth., $150,000 ; shares, $100), $75,000 ; other lia-
bilities, $50,000 ; balance, $40,&50- total, $165,850. Contra: Cost of road, etc.,^$165,000 ; real estate, etc., $350 ;
materials, etc., $500-total, $165,850.

Directors (elected April 7, 1897). —Henry Warden, W. A. Mullen, H. M. Kemp, John Alexander, Alexan-
der, W. Va.; Geo. M. Fleming, Bnckhannon, W. Va. OFFICERS : HKNRT WARDEN, Pres. & Gen. Mgr.: John
Alexander, Vice-Pres.; W. A. Mullen, Sec. <fc Treas., Alexander, W. Va. GENERAL OFFICE, Alexander, W. Va.

ATLANTA, KNOXVILLE AND NOBTHEBN BY.-Marietta, Ga., to Knoxville,Tenn., 205.12
m., 6mwcA,Blue Ridge, Ga., to Murphy, N. C., 25 m.— total, 230.12 miles. Sidings, 11.25 miles. Gauge, 4 ft. 9 in.
Rail— iron (21.25 m.), 33 ; steel (230.12 m.), 60 Ibs. Chartered June 4, 1896, as successor to the Marietta and North
•Georgia Ry. Co., assuming possession of the property on Nov. 1, 1896. (See MANUAL for 1894, p. 176.) Locomo-
tives, 17. Cars— passenger, 13 ; baggage, etc., 4 ; freight (box, 51 ; stock, 9 ; flat, 37 ; coal, 4), 101 ; caboose, 5 —
total, 123. Of the box cars 21 are leased.

Operations, eight months ending June 30, 1897. — Trains run (passenger, 110,439 ; freight, 69,259 ; mixed,
12,134 ; other, 19,373), 211,205 miles. Passengers carried, 54,261 ; carried one mile, 1,356,525. Tons moved, 94,680;
ton-miles, 8,520,200. Earnings (passenger, $39,456 ; freight, $112,205 ; other, $19,463), $171,124. Operating ex-
penses, $135,089. Net earnings, $36,035. Payments : Interest, $753 ; account receiverships, $15,481 ; reorganiza-
tion expenses, $4,408; improvements to property, $75,914 — total, $96,506. Deficit, $60,471 ; surplus forward, $4,895;
net deficit, $55,576.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $3,000,000 ; funded debt (1st mtge. 5
p. c. 50-yr. $1,000 gold bonds, dated Dec. 1, 1896, interest June and Dec., $1,500,000; 2d mtge. income 5 p. c.
50-yr. $1,000 bonds, due 1946. $1,500,000), $3,000,000 ; bills payable, $47,970 ; accounts, $21,499 ; payrolls, $12,152;
taxes for 1897, $5,967— total. $6,087.588. Contra : Cost of property. $6,000,000 ; materials, etc., $10,369 ; accounts,
$12,157 ; cash, $9,487 ; profit and loss, $55,576— total, $6,087,588. Interest on 1st mtge. bonds payable at office,
of the company, New York, N. Y. Trustees of bonds : 1st mtge.. Central Trust Co., New York, N. Y.; 2d mtge.
incomes, Real Estate Trust Co., New York, N. Y.

Directors. —Henry K. Mc.Harg, Walton Ferguson, Stamford, Conn.; Horace Porter, New York, N. Y. ; B.
A. Denmark, Savannah, Ga.; Alex. W. Smith, E. C. Spalding, Atlanta, Ga.; Jos. McWilliams, Marietta, G;i.
OFFICERS : HENRY K. MC-HARG. Pres., Stamford, Conn. ; E. C. Spalding, Vice-Pres., Atlanta, Ga.; H. W. Oliver,
Sec., Treas. & Aud.j Jos. McWilliams, Gen. Mgr., Marietta, Ga. GENERAL OFFICE, Marietta, Ga.

ATLANTIC AND NOBTH CAROLINA BB.— Morehead City to Goldsboro, N. C., 95m.; total
track, 99 miles. Gauge, 4 ft. 9 in. Rail (steel, 95 m.), 50 and 56 Ibs. Chartered in 1853 ; road opened in 1858.

POOR'S MANUAL OF RAILROADS. 161

The State of North Carolina owns $1,266,500 of the capital stock of the company. (See MANUAL for 1888, p. 558.)
Under the system which obtains in voting the stock of this road the State, although the owner of 70 per cent, of
the capital stock, is entitled to only 350 votes, while the private stockholders may cast about TOO votes. (See
MANUAL for 1897, p. 156.) Locomotives, 8. Cars— passenger, 12; parlor, 1; express, 4: freight (box, 58: flat, 45-
coal, 6), 109; other, 3— total, 129.

Operations, year ending June 30, 1897.— Earnings (passenger, $53,639 ; freight, $75,821 ; other, $19,597),
$149,057. Operating expenses, $71,496. Net earnings, $77,561 ; other receipts, $378— total, $77,739. Payments-
Interest on bonds, 519,500 ; taxes, §6,925 ; dividends (Sept. 2, 1896, 2 p. c. ; Feb. 10, 1897, 1 p. c.), $53,916 ; other
payment<S2,015— total, $82,356. Deficit, $4,417.

Financial Statement, June 30. 1897.— Capital stock (auth., $1,800,000 ; shares, $100), $1,797,100 ; funded
debt (1st mtge. 6 p. c. 30-yr. $1,000 bonds, due July 1, 1917, interest Jan. and July, at the National Farmers' and
Planters' Bank, Baltimore, Md.), $325,000; receipts, $177,320; current accounts. $2,703; unpaid dividends. $1,596-
profit and loss, $105,400— total, $2,409,220. Contra ; Cost of road, etc., $2,177,028 ; disbursements, $197,773 ;
accounts, $10,152; cash, $24,266— total, §2,409,220.

Directors (elected Sept. 23, 1897).— For the State : Robert Hancock, W. H. Chadbonrn, E. H. Meadows.
New Bern, N. C.; T. D. Hewitt, Newport, N. C.; W. H. Sawyer, Bayboro", N. C.; D. W. Patrick, Snow Hill. N. C.;
J. E. Person, Pikeville, N. C.; J. F. Mewborn, Kinston, N. C. For the Stockholders : Dempsey Wood, Falling
Creek, N. C.; H. M. Jurney, Beaufort, N. C.; Thomas Daniels, New Bern, N. C. ; J. M. Morehead, Spray, N. C.
OFFICERS: S. L. Dill, Acting Pres. & Supt.; D. M. Stanton, Sec. & Treat.; Jos. W. Watson, Auditor, New
Bern, N. C. GENERAL OFFICE, New Bern, N. C.

ATLANTIC, STJWANNEE RIVER AND QTJLF RY.— Projected : Starke, Fla., to the Suwan-
nee River, 60 miles. Completed, June 30, 1897: Starke to Clark, Fla., 36 m.; log spurs, 4 m.— total, 40 miles.
Gauge, 4 ft. 9 in. Rail— iron, 40 Ibs. ; steel (33 m.), 56 to 60 Ibs. Chartered Feb. 23, 1893; road opened as above
Oct. 1 , 1895. This rond is being built under contract by the Atlantic Lumber Co. The charter provides for a land
grant of 10,000 acres per mile. A total of 200,000 acres have been certified. Of the road as completed, only 25
miles has been delivered to the company; the remainder is still in the hands of the contractors — the Atlantic
Lumber Co. Locomotives, 2. Cars— passenger, 2; freight (box, 2; stock, 2; flat, 5; caboose, 1), 10; other, 51—
total, 63. All the equipment is leased except 5 flat, 1 caooose and 1 other car.

Operations, year ending June 30, 1897.— Trains run— freight, 21,910; mixed, 33,804), 55,714 miles. Passen-
gers carried, 11,977; carried one mile, 139,051. Tons moved, 142,071; ton-miles, 4,863,701. Earnings (passenger,
$5,191; freight, $35,816; other, $978), $41,985. Operating expenses, $30,278. Net earninss, $11,707. Payments:
Interest on bonds, $10,000; other payments, $1,953 — total. $11,953. Deficit, $246; surplus forward, $756; net sur-
plus, $511.

Financial Statement, Jnne 30, 1897.— Capital stock (auth., $1,000,000; shares, $25), $250,000; funded
debt (1st mtge. 5 p. c. 50-yr. $1,000 gold coup, bonds, due Jan. 15, 1945, interest Jan. and July), $200,000; current
accounts, $11,103; accrued interest on bonds, $5.000; profit and loss, $511— total, $466,614. Contra: Cost of road
(25 m.). $454,666; rolling stock, $6,465; materials, etc., $3,255; current accounts, $1,045— total, $466,614. Trustee
of bonds: Guaranty Trust Co., New York, N. Y., at whose office interest is payable.

Directors (elected Feb. 2, 1897).— F. H. Elmore, Bion H. Barnett, R. H. Liggett, Jacksonville, Fla.; J. G.
Alvarez, Geo. Tompsett, Starke, Fla. OFFICERS: BION H. BARNETT, Pres., Jacksonville, Fla.; J.G.Alvarez,
Vice-Pres., Starke, Fla.; Arthur Meigs, Treas. & Gen. Jlfgr.; R. H. Liggett, Sec.j F. H. Elmore, And., Jackson-
ville, Fla. GENERAL OFFICE, Jacksonville, Fla.

BEAVER CREEK RR.— Projected : Davis to Petersburgh, W. Va., 43 miles. Completed June 30, 1897,
Davis to Stony River, 19 miles. Gauge, 4 ft. 8± in. Rail (steel), 60 Ibs. Incorporated in 1893; road built previ-
ously by the Beaver Creek Lumber Co. Locomotives, 8. Cars — freight (flat), 1 ; other, 40 — total, 41.

Financial Statement.— Capital stock (shares, $100), $5,000,000. Cost of road, $120,000. Trustee of
bonds: Germantown Trust Co., Germantown, Pa.

Directors. — B. Gilpin Smith, Jonathan Evans, David Scull, D. C. Wharton Smith, Henry W. Cope, Samuel
Mason, Philadelphia, Pa. OFFICERS : B. GILPIN SMITH, Preg.; Samuel Mason, Sec. & Treas., Philadelphia,
Pa.; J. A. G. Allen, Gen. Mgr., Davis, W. Va. OFFICES, Witherspoon Building, Philadelphia, Pa. and Davis,
W. Va.

STONE GAP AND POWELL'S VALLEY RR.-At Big Stone Gap, Va., 4.5 miles. Rail
(steel), 30 Ibs. Gauge, 4 ft. Sfrm. Chartered Feb. 24, 1890; road opened Nov., 1890. Locomotives, 2. Cars-
passenger, 4; baggage, etc., 1; freight (flat), 3— total, 8.

Operations, year ending June 30, 1897. — Earnings (passenger, $1,759; freight, $584; other, $334), $2,677.
Operating expenses, $4,417. Deficit, $1,740.

Financial Statement, June 30, 1897.— Capital stock, (auth., $500,000; shares, $100), $60,000; accounts,
etc., $7,271; profit and loss, $1,740— total, $69,011. Contra: Cost of road, etc., $15,560; lands, $650; cash and
current assets, $5,128; materials, etc., $100— total, $21,438. The foregoing is taken from the Annual Report of
the Railroad Commissioner of the State of Virginia. The company refused all information. The cost of road
and equipment, June 30, 18%, was reported as $54,151; cost of real estate, etc., $4,313. (See MANUAL for 1897, p.
157.)

Directors (elected May 6, 1897).— R. A. Ayers, H. C. McDowell, Jr., D. B. Wentz, Big Stone Gap, Va.;
J. S. Wentz, Philadelphia, Pa. ; John Leisenring, Leisenring, Pa. OFFICERS : R. A. AYERS, Pres., Big Stone
Gap, Va.; R. P. Barren, Sec. <& Treas.; D. B. Wentz, Auditor, Big Stone Gap, Va. GENERAL OFFICE, Big
Stone Gap, Va.

BIO- STONY RY. —Interior to Big Stony June., Va., 10 miles. Gauge, 4 ft. 8± in. Rail (steel), 56 Ibs.
Chartered under the laws of Virginia; road opened in Nov., 1896. Used to haul lumber for the Interior Lumber
Co., and iron ore for the Big Stony Mining Co., and the stockholders of these two companies own all the securi-
ties of this company. Locomotive, 1.

Financial Statement.— Capital stock (auth., $500,000), paid in, $5,100; 1st mtge. bonds authorized,
$200.000.

Directors.— I. M. Pearson, F. A. Keep, J. J. Anderson, Interior. Va.; Frank Woodman, Charleston, W.
Va.; J. T. Engleby, Roanoke, Va. OFFICERS: I. M. PEARSON, Pres.; F. A. Keep, Vice-Pres.; J. J. Anderson,
Sec., Treas. & Gen. Mgr., Interior, Va. GENERAL OFFICE, Interior, Va.

BLUE RIDGE RR.— Anderson to Walhalla, S. C., 34.02 miles. Gauge, 4 ft. 9 in. Chartered in 1852,
and road opened in 1859. The State of South Carolina supplied the means for constructing the road ; cost about
$2,100,000. This road was formerly controlled by the Richmond and West Point Terminal Co.. but was not in-
cluded in the reorganization which resulted in the formation of the Southern Ry. Co. The road has been in the
hands of a receiver since Dec. 15, 1894.

Operations, year ending June 30, 1897.— Trains run (mixed), 26,860 miles. Passengers carried, 23,887 ;
carried one mile, 406,079. Tons moved, 25,344 ; ton-miles, 430,840. Earnings (passenger, $12,236 : freight, $20,-
579 ; other, $3,194), $36,009. Operating expenses and taxes, $32,025. Net earnings, $3.984. No financial state-
ment obtainable. H. C. BEATTIE, Receiver ; A. H. Wells, Auditor ; W. E. Beattie, Treas., Greenville, S. C. : J.
R. Anderson, Supt., Anderson, S. C.

11

162 POOR'S MANUAL — SOUTH ATLANTIC GEOUP.

BLUE RIDGE AND ATLANTIC BB.— Cornelia to Tallulah Falls, Ga., 30.9 m.; total track (iron ;
40 Ibs.), 21.47 miles. Gauge, 4 ft. 9 in. Chartered Oct. 24, 1887, and purchased the northern section of the North-
eastern RR. of Ga. Default was made in 1893 and the road placed in the hands of a receiver. On March 21, 1897,
a decree was entered, ordering the sale of the road.

Operations.— All information refused. The following is taken from the Report of the Railroad Com-
mission of Georgia, for the year ending June 30, 1897 : Gross earnings, $10,625. Operating expenses, $10,820.
Deficit from operations, $195.

Financial Statement.— Capital stock (shares, $100), $400,000. Funded debt consists of $168,000 ($15,000
p. m. auth.) 1st mtge. 6 p. c. 30-yr. $1,000 gold coup, bonds, due Jan., 1919, interest Jan. and July, at the office of
the Central Trust Co., New York, N. Y.

Directors. —Clarence D. Turney, R. L. Harrison, A. F. Babcock, Harold F. James, New York, N. Y.; E.
Snmmerfleld, Tallnlah Falls, Ga. OFFICERS : W. V. LAUKAINE, Eec., Tallulah Falls, Ga. ; CLABENCE D. TUBNKY,
Pres.; Harold F. James, Sec. & Treas., New York, N. Y. GENERAL OFFICE, Tallulah Falls, Ga.

BOWDEN LITHIA SPRINGS SHOUT LINE BB.-Lithia Springs, Ga., to Austell, 2.5 m.; total
track (30-lb. rail), 2.62 miles. Gauge, 3 ft. Chartered March 25, 1887 ; road opened m 1885. Connects at Austell
with the Southern Ry. The road is owned by the proprietor of the Sweet Water Park Hotel, and is operated as a
private road for the accommodation of the guests of the hotel. Locomotive, 1. Cars— passenger, 2 ; freight, 2—
total, 4. Capital stock (shares, $100) $10,000 ; representing cost of road.

Directors.— Not reported. OFFICERS : E. W. MARSH, Pres.; S. S. Marsh, Vice-Pres., Atlanta, Ga.; J. H.
Louch, Sec., Jlreas. & Gen. Mgr., Lithia Springs, Ga. GENERAL OFFICE, Lithia Springs, Ga.

BBANCHVILLE AND BOWMAN BB.— Branch ville to Bowman, S. C., 11 miles. Gauge, 3ft.
Rail, 30 Ibs. Organized April 11, 1891 ; road completed in 1893. Locomotive (leased),!. Cars— passenger, 1 ;
freight (box, 3 ; flat, 10), 13 ; other. 2— total, 16.

Operations, year ending June 30, 1897.— Tons freight moved, 9,000. Earnings (passenger, $222 ; freight,
$4,174), $4,39li. Operating expenses, $3,082. Net earnings, $1,314. Payments : Interest, $1,440 ; taxes, $466 ;
other. $401— total, $2,307. Deficit, $993.

Financial Statement, June 30, 1897.— Capital stock (auth., $25,000 ; shares, $100), $24,000 ; other liabili-
ties, $11,500-— total, $35,500. Contra : Cont of road, etc., $60,632.

Directors.— Samuel Dibble, B. H. Moss, Sam'l Dibble, Jr., Orangebnrfi-, S. C.: E. T. R. Smoak, Branch-
ville. S. C.; Rhett L. Shuler, Bowm in, S. C. OFFICERS : SAMUEL DIBBLE, Pres.; B. H. Moss. Vice-Pres. & Sec.;
E. C. Dibble, Treas. ;~Snm\i<i] Dibble, Jr., Gen. Mgr., Orangeburg, S. C. GENERAL OFFICE, Orangeburg, S. C.

BBTJTON AND FINEOBA BY.— Projected; Macon, Ga., to Savannah, Ga., 180 miles. Completed,
June 30, 1897 : Brnton, Ga., to a point southeast, 28 miles. Rail (steel), 70 Ibs. Gauge, 4 ft. 8$ in. The Atlantic
Short Line Ry. Co. was chartered Dec. 9, 1892, as successor to the Macon and Atlantic Ry. Co., whose property
was sold under foreclosure Nov. 30, 1892. Road completed as above in 1894. (See MANUAL for 1893. 7 Receiver
appointed April 15, 1895, and road sold under foreclosure Dqc. 17, 1896. The present company was organized by
the purchasers in March, 1897. The road has never been operated. It is now being repaired and put in condition
to operate from Bruton to Pineora. An extension is contemplated from Stillmore to Pineora or some other point
adjacent on the main line of the Central of Ga. Ry.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), authorized and issued, $250.000 ;
funded debt (1st mtge. 5 p. c. 50-yr. $1,000 bonds, due April 1, 1947, interest April and Oct. at Citizens' Bank,
Savannah, Ga.), $300,000 — total stock and bonds outstanding, $550,000. The bonds are secured on the company's
entire railroad and franchises ; amount authorized, $650,000, of which $350,000 are retained by the trustee to be
issued when the road is extended, at the rate of $5,000 per mile of such extension. Trustee of bonds : Citizens'
Bank of Savannah, Savannah, Ga.

Directors (elected Feb. 20, 1897).— Alexander F. Daley, Wrightsville, Ga.; Geo. W. Perkins, Tennille, Ga.;
Mills B. Lane, Henry D. Stevens, John R. Young, Savannah, Ga. OFFICERS : ALEXANDER F. DALEY, Pres.,
Wrightsville, Ga.; John R. Young, Treas.; Mills B. Lane, Sec.; H. A. Dtmn, Aud., Savannah, Ga. GENERAL
OFFICE, Savannah, Ga.

CAIBO AND KANAWHA VALLEY BB.— Cairo to McFarlan, W. Va., 17.5 m.; sidings, 1 mile.
Rail (steel), 20, 25, and 30 Ibs. Gauge, 3 ft. Projected to Grantsville, 40 m. from Cairo. Incorp. Feb. 15, 1890, as
successor to the Rich tie Mineral RR. Co.; road opened as above in 1894. Locomotives, 2. Cars— passenger, 3 ;
freight (box, 1 ; stock, 2 ; flat, 22), 25— total, 28.

Operations, year ending June 30, 1897. — Trains run (mixed), 23,408 miles. Passengers carried, 11,300.
Tons moved, 7,064. Earnings (passenger, $3,737 ; freight, $9,039 ; other, $699), $13,475. Operating expenses, $7,729.
Net earnings, $5,746. Payments : Interest on bonds, $560 ; other payments, $1,930 — total, $2,490.

Financial Statement, June 30, 1895 (latest rendered).— Capital stock ($75,000 anth.), $25,000 ; funded
debt (1st mtge. 7 p. c. bonds of April 1, 1890, due 1900 to 1905, interest April and Oct. at Second National Bank,
Parkersburg, W. Va.), $6,000— total, $31,000. Contra: Cost of property, $92,800 ; real estate, $2,250— total,
$95,050. Trustee of mtge.: Wm. H. Wolf, Parkersbnrg, W. Va. Financial agents in New York : Importers' and
Traders' Bank.

Directors (as constituted Jan. 1. 1897).— H. S. Wilson, W. N. Miller, Harry S. Wilson, Robert Wilson,
Parkersburg, W. Va. ; E. E. Wilson, Cairo, W. Va. OFFICERS: H. S. WILSON, Pres: & Treas., Parkersburfc,
W. Va,: Archie Rutherford, Vice-Pres., Cairo, W. Va.; R. Wilson, Sec. Parkershurg, W. Va.; R. E. L. Jones,
And.; E. E. Wilson, Supt., Cairo, W. Va. GENERAL OFFICE, Parkersburg, W. Va.

CALDWELL AND NORTHERN BB.— Lenoir to Colletsville, N. C., 10.6 m.— total track (steel ;
30 Ibs.), 12.1 miles. Gauge, 3 ft. Chartered March 9, 1891 ; amended Feb. 25, 1893 ; road opened in 1895. Loco-
motive, 1. Cars —passenger, 1 ; freight (flat), 21— total, 22.

Operations, year ending June 30, 1897. — Tons moved, 12,820. Earnings (passengers, $413 ; freight, $5,735 ;
other, $113), $6,261. Operating expenses, $9,175. Deficit from operations, $2,914.

Financial Statement, June 30, 1897.— Capital stock (auth., $1,000,000 ; shares, $100), $80,000 ; accounts,
$3,114— total, $83,114. Contra; Cost of road, etc., $80,200 ; profit and loss, $2,914— total, $83,114.

Directors (elected Oct. 20, 1897).— Edward P. Borden, Wm. S. Harvey, George B. Collier, Philadelphia, Pa.;
Robert C. Ogden, New York, N. Y.; D. E. Brown, Williamsport, Pa. OFFICERS : WILLIAM S. HA'BVEY, Pres.,
Philadelphia, Pa.; D. E. Brown, Vice-Pres.; Williamsport, P.-i.; Geo. W. Lex, Treas. & Sec., Philadelphia, Pa.;
L. C. Watson, Gen. Mgr., Lenoir, N. C. GENERAL OFFICE, 119 So. 4th St., Philadelphia, Pa.

C ABOLINA AND CUMBERLAND O-AP BY.-Aiken to Edgefield, S. C., 24.25 miles. Sidings,
2.25 miles. Gauge, 4 ft. 8J in. Rail (steel), CO Ibs. Successor, Jan. 1, 1897, to the Carolina, Cumberland Gap and
Chicago Ry. Co. (See MANUAL for 1896, p. 190.) The latter company's road was operated under contract by the
South Carolina and Georgia RR. Co. until March 31, 1896, from then till Dec. 31, 1896, by the purchasing com-
mittee of the 1st mortgage bondholders. Locomotives, 2. Cars— passenger, 1 ; baggage, etc., 1; freight (box, 5 ;
flat, 8), 13— total, 15.

Operations, year ending June 30, 1897.— Trains run (passenger, 8,640; freight, 27,700), 36,340 miles.
Passengers carried, 6,700. Tons moved, 96,876. Earnings (passenger, $4,691 ; freight, $21,373 ; other, $1,3^0),
$27,384. Operating expenses, $25,876. Net earnings, $1,508.

POOR'S MANUAL OF RAILROADS. 163

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $340,000 ; funded debt (1st mtge.

road, etc., $550,000 ; accounts, $1,283 ; cash, $2,566— total, $553,848. Income bonds bear 5 p. c. interest, if earned,
and are non-cumulative.

Directors (elected May 24, 1897).— L. V. F. Randolph, H. A. V. Post, J. Alvin Young, J. J. Cahlll, B.Graham,
New York. N. Y. ; Isaac W. Fowler, H. M. Dibble, Aiken, S. C. OFFICERS : L. V. F. RANDOLPH, Pres., New York,
N. Y. ; 1. W. Fowler, Vice-Pres. & Treas., Aiken, S C.; John J. Cahill, Sec., New York, N. Y. GENERAL OFFICE,
Aiken, S. C.

CAROLINA AND NORTHWESTERN RY.— Chester, S. C., to Lenoir, N. C., 109.03 m., of which
9.9 m., from Newton 10 Hickory, is over the Southern Ry., a third rail being laid between those points for the
accomodation of narrow gauge equipment ; leaving length of line owned, 99.4 m.; total track (steel, 34.4C m.),
103.70 miles. Rail (steel; 30 IBs.; iron. 30 and 50 Ibs. Gauge, 3 ft. Locomotives, 7. Cars— passenger, 7 ; combi-
nation, 5 ; baggage, etc., 2 ; freight (box, 66 ; stock, 6 ; flat, 30 ; coal, 8), 110 ; caboose, 4— total, 128. Reorganiza-
tion Feb. 8, 1897, of the Chester and Lenoir RR. Co. (See MANUAL for 1896, page 910.)

Operations, year ending J une 30, 1897.— Passengers carried, 48,916 ; carried one mile, 972,994. Tons moved,
40,525 ; ton-miles, 3,217,707. Earnings (passenger, $28,684 ; freight, $61,854 ; other, $12,902), $103,440. Operating
expenses and taxes, $70,894. Net earnings, $32,546. Paid interest on bonds accrued, $4,085 ; improvements,
$8,983— total, $13,068. Surplus, §19,478 ; deficit forward, $11,286 ; net surplus, $8,192.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $350,000 ; funded debt. 1st mtge. 5 p. c.
30-yr. $500 bonds, due 1927, interest May and Nov., $450,000 ; income bonds, $25,000 ; current liabilities, $22,305 ;
profit and loss. $8,192— total, $830,557. Contra: Cost of road, etc., $30,396 : cash and current assets. $13,822 ;
materials, etc., $2,787— total, $47,005. Of the 1st mtge. bonds of 1927 only $250,000 are actually outstanding, these
being issued to take up $250,000 Chester and Lenoir bonds secured on the line from Newton, N. C., to Chester,
S. C.; $110,000 are set aside to take up $100,000 C. & L. RR. Co. 1st mtge. 7 p. c. 20-yr. bonds, due July 1, 1900,
secured on the line between Newton and Lenoir, N. C. : the remaining $90.000 bonds are held by the bondholders'
committee, for the purpose of building 10 m. of road between Newton and Hickory, making other permanent im-
provements and paying expenses of reorganization. (See MANUAL for 1897, p. 780.)

Directors (elected July 15, 1897).— John L. Agurs, A. G. Brice, Chester, N. C.; Joseph F. Wallace, York-
vine, N. C.; Geo. A. Gray, Gastonia, N. C.; V. A. McBee, Lincolnton, N. C.; J. A. Martin, Hickory, N. C.; P. G.
Moore, Granite Falls, N. C. OFFICERS : G. W. F. HARPER, Free. <fe Treat., Lenoir, N. C.; J. J. McLure, Sec.,
Chester, S. C.; E. F. Reid, Auditor, Lenoir, N. C. GENERAL OFFICE, Lenoir, N. C.

CAROLINA MIDLAND RY.— Allendale to Seivern, S. C., 22 miles. Sidings, 5 miles. Gauge, 4 ft.
81 in. Rail, 56 Ibs. Consolidation, May 11, 1891, of the Blackville, Alston and Newberry RR. Co. and the Barn-
well Ry. Co. ; extension from Baniwell to Allendale, 17 m., opened Nov. 20, 1891 (see MANUAL for 1892). On Jan.
17, 1896, this road was leased, with privilege of purchase, to the Greenwood, Anderson and Western Ry. Co.
which built 10 miles of road from Seivern to Alethea, S. C. (see MANUAL for 1897, p. 162). On Jan. 5, 1897, tem-
porary receivers were appointed for the latter company, and on Feb. 1 following, the receivership was made per-
manent. On Feb. 1, 1897, the Carolina Midland Ry. Co. was also placed under a receivership. A cancellation of the
lease was subsequently effected, and the road reverted to its original owners. The line Suilt by the G. A. & W.
Ry. Co. was never operated, and was sold by order of the Court on Dec. 9, 1897. Locomotives, 3. Cars— pas-
eenger, 4 ; freight (box, 10 • flat, 16), 26— total, 30.

Operations, year ending June 30, 1897.— Trains run (passenger, 4,574 ; mixed, 11,110; other, 3,145), 18,829
•miles. Passengers carried, 5,975 ; carried one mile, 84,964. Tons moved, 4,338 ; ton-miles, 76,178. Earnings
(passenger, $2,575; freight, $7,619; other, $1,108), $11,302; rental, $20,000— total income, $31,302. Operating
expenses, $13,980. Net earnings, $17,322. Payments : Interest, $11,532 ; taxes, $3,080— total, $14,612. Surplus,
$2,710.

Financial Statement, June 30, 1895. -Capital stock ($100 shares), $540,000 ; funded debt ($150,000 B., A.

& N. RR. 1st mtge. 6 p. c. 20-yr. $500 coup, bonds, due Feb. 15, 1908, interest Feb. 15 and Aug. 15, and $570,000
(auth., $720,000) C. M. Ry. 1st mtge. 6 p. r. 40-yr. $1,000 coup, bonds, due Oct. 1, 1931, interest Oct. and April),
$720,000; current accounts, $16,823; Dili--* payable, $50,000— total, $1,326,8;$. Contra: Cost of road, properly,

and investments, $1,309,558; cash and assets, £2,002 ; profit and lose, $15,203-total, $1,326,823. The company
refuses to furnish later information than the foregoing. According to the Report of the Railroad Commissioners
for the State of South Carolina the amount of bonds outstanding June 30, 1897, was $683,000 ; bills payable, $58,-
923 ; current accounts, $4,298. Contra : The cost of road was $1.309,209 ; current accounts, $2,734 ; cash, $74.

The B. A. & N.' bonds are secured by mtge. on 30 m. of road from Blackville to Seivern ; the C. M. bonds on
60 m. from Allendale to Seivern and on ali equipment. Of the C. M. Ry. Co. bonds, $150,000 are in the hands of
trustees to retire a like amount of B. A. & N. RR. bonds. Interest payable at the Bank of Charleston, S. C.
Trustees : C. M. Ry. bonds, F. W. Wagener, E. H. Pringle, Charles Sitschzs, Charleston, 8. C.; B. A. & N. RR.
Ists, F. W. Wagener, Charleston, S. C.; Henry Offerman, New York, N. Y.

Directors.— Geo. A. Wagener, F. W. Wagoner, H. F. Bremer, Charleston, S. C.; Mike Brown, Barnwell,
S. C.; D. H. Sally, Sally's, S. C. OFFICERS : GEO. A. WAGENER, Pres., Charleston, S. C.; Mike Brown, Ylce-
Prec. <& Gen. Mgr., Barnwell, S. C.; P. F. Sullivan, Sec. & Treas., Charleston, S. C.; J. M. Easterling, Auditor,
Barnwell, S. C. GENERAL OFFICE, Charleston, S. C.

CARRABELLE, TALLAHASSEE AND GEORGIA RR.— Projected : Carrabelle, Fla., to
Thomasville, Ga., 100 miles. Completed, Jan. 1, 1897: Carrabelle to Tallahassee, Fla., 50 miles. Rail (steel), 56
Ibs. Gauge, 4 ft. 9 in. Successor, Jan. 5, 1891, to the Augusta, Tallahassee and Gulf RR. Co. (See MANUAL for
1894.) Completed to Tallahassee by present company in Oct., 1893. Operated by the Georgia and Florida Invest-
ment Co., which owns 170,000 acres of timber land along the line of road. Under its land grant the company has
earned 600,000 acres of land, nearly one-fourth of which nas been received. Locomotives, 4. Cars (passenger and
freight), 60. Also 2 logging trains.

Operations, year ending June 30, 18%.— Earnings (passenger, $15,705; freight, $16,230; other, $1,452),
$33,387. Operating expenses, §54,336. Deficit for operations, $20,949. Total deductions, $39,047. Deficit for
year, 859,9!>6.

Financial Statement.— Capital stock authorized, $1,000,000; shares, $100; funded debt (1st mtge. 6 p. c.
£100 and £500 coup, bonds, dated June 2, 1893, due 1914, interest Jan. and July, at Glasgow, Scotland), author-
ized. $1,000,000; outstanding, $500,000. Trustees of bonds: John M. Murray and D. W. Kidston, of Glasgow,
Scotland.

Directors.— William Clark, Robert Gumming, R. B. Symington, New York, N. Y.; Frederick T. Myere,
Tallahassee, Fla. ; C. M. Zeh, Newark, N. J. OFFICERS : WM. CLARK, Pres., 29 Broadway, New York, N. Y. ; W.
A. Simmons, Vice-Pres. & Gen. Counsel; C. M. Zeh, Zd Vice-Pret., Newark, N. J.; Robert Gumming, Treas.;
R. B. Symington, Sec., New York, N. Y. GENERAL OFFICE, 29 Broadway, New York, N. Y.

CARTHAGE RR.— Cameron to Curriersville, N. C., 21 m.; sidings, 0.60 mile. Rail— iron, 56 Ibs.; steel
(12m.), 40 lb*>. Gauge, 4 ft. 9 in. Locomotives, 2; passenger cars, 2. Incorp. April 29, 1886; road opened from
Cameron to Carthage, 10 miles, Aug. 23, 1888; extension (built under the charter of the Carthage and Western
RR.) during 1893. Leased to W. C. Petty, of Manly, N. C., for 97 years from June 1, 1890.

164 POOR'S MANUAL — SOUTH ATLANTIC GROUP.

Operations, year ending June 30, 1897.— Trains run (mixed), 19,344 miles. Tons moved, 23,228. Earnings
(passenger, $2,519; freight, $18,576; other, $997), $22,092. Operating expenses, $11,6?«. Net earnings, $10,414.
Payments: Rentals, $1,440; taxes, $353; permanent improvements, $1,500— total, $3,293. Surplus, $7,121 ; surplus
forward, $13,999— total, $21,120.

Financial Statement, June 30, 1897.— Capital stock — shares, $25— common (auth., $250,000) paid in,
$16,400; preferred (auth., $100,000) paid in, $41,600; other liabilities, etc., $24,000— total, $82,000. Contra: Cost
of road, $74,900; rolling stock, $7,100-total, $82,000.

Directors (elected April 29, 1896).— W. T. Jones, Geo. C. Graves, Jas. D. Mclver, L. P. Tyson, A. H. Me-
Neill, C. J. Shaw, J. C. Black, Carthage, N. C. OFFICERS : J. C. BLACK, Pres.; W. C. Petty, Lessee & Gen. Mgr.,
Carthage, N. C. GENERAL OFFICE, Carthage, N. C.

CASHIE AND CHOWAN RR. AND LUMBER CO.-Howard, N. C., to Swamps. 22 m.; total
track, 29 miles. Gauge, 3 ft. 6 in. Rail (steel), 25 Ibs. Organized Oct. 30, 1883, and is operated chiefly as a log-

f ing road. Locomotives, 2. Cars— passenger, 1; caboose, 1; logging, 32— total, 34. Gross earnings, year ending
une 30, 1897, $12,000. Capital stock authorized and paid up, $100,000. Cost of road, etc., about $48,000; equip-
ment, $20,000— total, $68,000.

Directors.— Greenleaf Johnson, Jr., J. C. Johnson, E. P. Gill, Baltimore, Md.; W. H. Taylor, R. S. Cohn,
Norfolk, Va. OFFICERS : W. H. TAYLOR, Pres., Norfolk, Va.; Greenleaf Johnson, Jr., Vice-Pres.; J. C. Johnson,
Treas , Baltimore, Md.; R. E. Crump, Sec. & Aud., Portsmouth, Va.; J. T. Deal, Gen. Mgr., Norfolk, Va.

CHARLESTON, CLENDENNIN AND SUTTON KR.-Proiected : Charleston to Sutton, W.
Va., 100 miles. Completed, Jan. 1, 1897: Charleston to Clay Court House, W. Va., 50.8 m. ; sidings, 6 miles.
Gauge, 4ft. 8^ in. Rail (steel), 60 Ibs. Chartered in 1891; road completed as above at the close of 1895. Loco-
motives, 2. Cars— passenger, 2; baggage, etc., 1; freight (box, 3; flat, 30; coal, 10), 43— total cars, 46.

Operations, etc.— All information refused.

Financial Statement, Jan. 1, 1897 (latest rendered).— Capital stock (shares, $100) auth., $3,000,000; issued,
$367,300. Funded debt outstanding consists of $1,000,000 1st mtge. 5 p. c. 50-yr. $1,000 gold bonds, due Oct. 1,
1944, interest April and Oct., authorized at rate of $30,000 per mile. Interest on bonds payable at Park Bank,
New York, N. Y., and at the West End Trust and Safe Deposit Co. (trustee), Philadelphia, Pa.

Directors (elected June 26, 1896).— W. S. Drake, Philadelphia, Pa.; C. C. Lewis, A. L. Rnffner, Neil Rob-
inson, J. D. Baines, I. Schwabe, W. F. Goshorn, Charleston, W. Va. ; John O'Connor, Oswego, N. Y.; W. D.
Stratton, New York, N. Y. OFFICERS : W. D. STRATTON, Pres., New York, N. Y.; C. C. Lewis, Vice-Pres.,
Charleston, W. Va.; Pierre W. Briggs, Sec. & Treas., flew York, N. Y.; J. Waimvright, Gen. Mgr., Philadelphia,
Pa. GENERAL OFFICE, Charleston, W. Va.

CHATTAHOOCHEE VALLEY RR.— West Point, Ga., to Riverview, Ala., 10 miles. Gauge, 4 ft.
8$ in. Rail (steel), 56 Ibs. Chartered in 1895 ; road opened as above in Jan., 1897, and will probably be ex-
tended to Columbus, Ga. Connects at West Point, Ga., with the Western Ry. of Ala. and the Atlanta and West
Point Ry. Locomotives, 3. Cars— passenger, 6; freight, 3— total, 9.

FinancialS tatement, Jan. 1, 1897.— Capital stock (shares, $100)— authorized, $1,000,000 ; paid in, $50,-
000. Funded debt consists of $50,000 (auth. ,$100,000) 1st mtge. 6 p. c. 20-yr. bonds, due Dec. 1, 1916, interest June
and Dec., at West Point, Ga. Total stock and bonds, $100,000. Cost of road, etc., $100,000. Estimated cost of
completed road (to Columbus), $450,000. Trustee of bonds : State Savings Bank, Boston, Mass.

Directors.— H. S. Sears, Boston, Mass.; E. F. Lanier, L. Lanier, West Point, Ga.; W. H. Wellington, T.
W. Bennett, A. Hobart, H. S. Parmenter, J. E. Gale, T. B. Sears, Boston, Mass. OFFICERS : L. LANIER, Pres.
& Gen. Mgr., West Point, Ga.; T. W. Bennett, Vice-Pres.; H. S. Sears, Treas., Boston, Mass.; E. F. Lanier,
Sec., West Point, Ga. GENERAL OFFICE, West Point, Ga. ,

CHATTANOOGA AND DURHAM RR.— Chickamauga to Durham, Ga., 17.34 miles. Gauge, 4
ft. 9 in. Rail (ste«l), 60 Ibs. Reorganization, March 30, 1897, of the Chickamauga and Durham RR. Co., whose
property was sold under foreclosure in Oct., 1894 (see MANUAL for 1897). Locomotives, 2. Car (caboose), 1.

Operations, three months ending June 30, 1897.— Trains run (freight), 5,410 miles. Passengers carried,
99 ; carried one mile, 1,717. Tons moved, 22,606. Earnings (passenger, $31 ; freight, $6,340 ; other, $8), $6,379.
Operating expenses, $3,388. Net earnings, $2,991.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $250,000 ; funded debt (1st mtge. 6
p. c. 20-yr. $100 bonds, dated March 31, 1887, interest April 1 and Oct. 1 at the company's office in New York, N.
Y.), $250,000 ; current accounts, $5,526— total , $506,026. Contra ; Cost of road, etc., $501,954 ; accounts, $3,260 ;
profit and loss, $812— total, $506,026. Trustee of bonds : Continental Trust Co., New York, N. Y.

Directors (elected March 20, 1897).— J. W. English, F. G. Lake, J. W. English, Jr., J. K. Ottley, Atlanta,
Ga • P. J. Murphy, Chickamauga, Ga. OFFICERS : J. W . ENGLISH, Pres. & Treas.; F. G. Lake, Sec., Atlanta, Ga. ;
P. J. Murphy, Gen. Mgr.; T. S. Lyon, Aud., Chickamauga, Ga. GENERAL OFFICE, Chickamauga, Ga.

CHATTANOOGA, ROME AND SOUTHERN RR.— Carrollton, Ga., to Chattanooga, Tenn.,
138 m.; sidings, 6.62 miles. - Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs. Reorganization, July, 1897, of the Chattanooga,
Rome and Columbus RR. Co.. w'
of reorganization outlined in the
13, 1897. Locomotives, 9. Cars-
caboose, 6; other, 15 — total, 250.

Operations, year ending June 30, 1897.— Gross earnings, $220,990. Operating expenses, $190,098. Net
earnings, $30,893.

Financial Statement, March 1, 1898.— Capital stock— common, $1,600,000; preferred 5p. c. non-cumula-
tive, $1,600,000— total, $3,200,000. Funded debt, $500,000 1st mtge. 5 p. c. 50-yr. $1,000 gold coupon bonds, with
privilege of registration, due July 1, 1947, interest Jan. and July, at the office of the trustee, the Union Trust Co.,
New York, N. Y. The bonds are secured on the entire property of the company subject to the lien of $150,000
1st mtge. 6 p. c. 30-yr. gold bonds of Jan. 1, 1916, issued by the old Rome and Carrollton RR. Co., and secured on
the line from Rome to Cedartown, Ga., 22 miles. A sufficient amount of the 1st mtge. bonds of 1947 was set aside
to take up these prior liens at or before maturity. Interest on Rome and Carrollton 1st mtge. bonds is in default
since Jan. 1, 1893. In Jan., 1898, suit was brought for the foreclosure of that mortgage. The bondholders are
represented by Wm. Strauss, 30 Broad St., New York, N. Y. Trustee o* R. & C. bonds: Farmers' Loan and
Trust Co., New York, N. Y.

Directors (elected June 30, 1897).— Hugo Sommerfeld, Alfred A. Cook, New York, N. Y.; C. B. Wilburn,
C. S. Pruden. W. M. Darby, Alex. Bonnyman, J. C. O'Dell, Rome, Ga. OFFICERS : C. B. WILBURN, Pres. &
Prof. Mgr., Rome. Ga. ; Hugo Sommerfeld, Treas., New York, N. Y. ; W. E. Huff, Sec.; Rome, Ga. PRINCIPAL
OFFICE, Rome, Ga.

CHESAPEAKE AND WESTERN RR.— Elkton to Bridgewater, Va., 26.07m.; trackage, N. & W.
RR., Elkton Jet. to Elkton, Va.,, 0.33 m.— total, 27 miles. Sidings, 0.56 mile. Gauge, 4 ft. 8£ in. Rail (steel), 80
Ibs. Chartered Jan. 2->, 18D2, as the Chesapeake, Shendun and Western RR. Co.; present name adopted May 14,
1895. Road opened as above April 29, 1896. Projected from Tidewater on Chesapeake Bay, via Elkton, Harrison-
bnrg, Dayton and Bridgewater, Va., to a connection with other railways in West Virginia, about 326 miles. !Sur-
reys completed for about 210 miles of road, and grading for 35 miles. Locomotives, 2. Cars— passenger, 2; com-
bination, 2; freight (box, 20; flat, 10), 30; other, 20— total, 54.

POOR'S MANUAL OF RAILROADS. 165

Derations, year ending June 30, 1897.— Trains run (passenger, 11,477; mixed, 19,620), 30,497 miles. Passen-
fcc.o carried, 20,451; carried one mile, 241,140. Tons moved, 11,557; ton-miles, 155,776. Earnings (passenger, $6,-
534; freight, $8,149 ; other, $3,938), $18,621. Operating expenses, $25,042. Deficit from operations, $6,421. Pay-
ments: Taxes, $335; other payments, f3,162— total. $3,947. Deficit, $9,919 ; deficit forward, $88— total, $10,007.

Financial Statement, June 30, 1897.— Capital Block (common, auth., $533,400; shares, $100), $532,8CO ;
preferred (auth., $133,350; shares, $100), $73,275; funded debt (1st mtge. 5 p. c. 50-yr. $1,000 coup, bonds, due
Aug. 1, 1945, interest Feb. 1 and Aug. 1, at the office of the trustee, Continental Trust Co., New York, N. Y.),
$660,000; current accounts, $14,778; subscribers to capital stock, $44,250; donations, $9,785— total, $1,340.888.
Contra: Cost of road, etc., 81,326,909 ; insurance premium paid, $132; accounts, $1,444; cash, $2,396; profit and
loss, $10,007— total, $1.340,888. The 1st mtge. bonds are authorized at the rate of $25,000 p. m. of standard 80-lb.
steel railroad and equipment.

Directors (elected June 9, 1896).— Fred. W. Jackson, Westchester, N. Y. ; James Clark, Joseph W. Rein-
hart, Edward M. Van Buren, Plainfield, N. J.; Chas. W. Haskins, Edward 8. Rappallo, E. W. Sells, New York,
N. Y.; Thomas H. Bakewell, Calvin Wells, Pittsburgh, Pa.; Wm. M. Habliston. Petersburg, Va.; John A. Car-
ling, Jersey City. N. J.; J. P. Houck, Harrisonbnrg, Va. OFFICERS : JOSEPH W. REINHAKT. Pres., Plainfleld,
N. J.; E. W. Sells, Vice-Pres., New York, N. Y.; Fred. W. Jackson, Treat., Westchester, N, Y.; Chas. W. Has-
kins, Sec. & Compt., New York, N. Y. . GENERAL OFFICE, Harrisonbnrg, Va.

COLLINS AND BEIDSVILLE BB.— Collins to Reidsville, Ga., 6.86 m.; total track (steel; 40 Ibs.),
7.02 miles. Gauge, 4 ft. 8iin. Chartered Aug. 26, 1895; road opened April 20,1896. Locomotive, 1. Cars-
passenger, 1 ; baggage, 1— total, 2.

Operations, year ending June 30, 1897.— Passengers carried, 5,790. Tons moved, 4,758. Earnings (pas-

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $10,000; funded debt (1st mtge. 6 p.
c. 20- yr. $100 and $500 coup, bonds, due Jan. 1, 1916, interest Jan. and July at Savannah. Ga.), $40,000; bills pay-
able and loans, $1,473; accounts, $89; matured interest coupons unpaid, $1,200: accrued interest on bills payable,
$42— total, $52,804. Contra: Cost of road, etc., $50,000; cash, $283; accounts, etc., $280; profit and losi,
$2,241— total, $52,804. • Trustees of bonds : J. J. McDonongh and A. S. Delannoy, Savannah, Ga.

Directors.— R. B. Reppard, Savannah, Ga.; F. T. Lockhart, Augusta, Ga. ; J. E. Hogan, Clyo, Ga.; Albert
A. Reppard, H. J. McGee, Reidsville, Ga. OFFICERS : R. B. REPPARD, Pres.; A. F. K. Mustin, Sec. & Treas.,
Savannah, Ga.; A. A. Reppard, Mar., Reidsville, Ga. GENERAL OFFICE, Savannah, Ga.

COLUMBIA, NEWBEBBY AND LAURENS BB.— Columbia to Laurens, 8. C., 75m.; sidings,
3.6 miles. Gauge, 4 ft. 9 in. Kail (steel), 56 Ibs. Chartered Dec. 26,1885; road completed to Dover Junction,

S.

er, , ; reg, , ; oer, ., ,. perang expenses, ,. e earnngs, ,.

harges : Interest on bonds. $42,360 ; other interest, $10,324 ; taxes. $6,176— total, $58,860. Deficit, $28,990 ; defi-
cit forward, $215,611— totai, $244,601.

Financial Statement, June 30, 1897.— Capital stock ($2,000,000 auth., $25 shares), $500,000 ; funded debt
(1st mtge. 6 p. c. 50-yr. $1,000 gold coup, bonds, due Jan. 1, 1938, interest Jan. and July), $706,000 ; income
bonds, $56,708 ; bills payable, $166,419 ; accounts, $9,658 ; other liabilities, $79,955— total, $1,518,740. Contra :
Cost of property, $1,253,984; other property and assets, $8,346 ; cash, $11,810 ; profit and loss, $244,601— total,
$1,518,740. The 1st mtge. bonds are authorized to the amount of $12,000 p. m., interest payable in New York,
Baltimore and Columbia. Trustee : Safety Deposit and Trust Co., Baltimore, Md.

Directors (elected Oct. 19, 1897).-R. C. Hoffman, H. Walters, Baltimore, Md.; W. G. Elliott, W. A. Reach,
J. R. Konly, Wilmington, N. C.; E. St. John, Portsmouth, Va.; W. T. Martin, R. A. McCreery, W. A. Clark. W.
H. Lyly, Columbia, S. C.; H. C. Moseley, Prosperity, S. C.; G. S. Mower, Newberry, S. C. OFFICERS : W. G.
CHILDS, Pres., Columbia, S. C.; H. C. Moseley, Vice-Pres., Columbia, S. C.; T. H Gibbes, Stc. & Treas.; Chas.
M. Tew, And., Columbia, S. C. GENERAL OFFICE, Columbia, S. C.

CUYLEB AND "WOODBTJBN BB.— Cuyler to Woodburn, Ga., 13.5 miles. Gauge, 4 ft. 81 in.
Rail (steel, 13m.), 30 and 40 Ibs. Road opened as above, Dec. 20, 1894. Extension projected from Woodburn to
Statesboro', Ga., a distance of 20 miles. Receiver appointed Nov. 23, 1895. Road sold under foreclosure on
March 12, 1897, and purchased by A. A. Adams, of Hubert, Ga. Locomotive, 1. Cars— passenger, 1 ; baggage,
etc., 1 ; freight, 1 ; other, 1— total, 4.

Operations, year ending June 30, 1897.— Gross earnings, $v,687. Operating expenses, $5,204. Net earn-
ings, $2,483.

Financial Statement, Jan. 1, 1897 (latest rendered).— Capital stock, $100,000. Funded debt : $72,000 1st
mtge. 6 p. c. 30-yr. bonds, dated 1894, interest Jan. and July. J. D. HARRELL, Kec., Macon, Ga.; Whitfleld Clark,
Supt., Hubert, Ga. GENERAL OFFICE, Hubert, Ga.

DABIEN AND WESTEBN BB — Middletons to Darien, Ga., 82 m.; total track (steel ; 50 Ibs.;, 34
miles. Gauge. 4 ft. 8± in. Chartered May 14, 1894, as successor to the Darien Short Line, sold under foreclosure.
Road completed as above in Jan., 1895. Locomotives, 3. Cars — passenger, 2 ; baggage, etc., 1 ; freight (box, 2 ;
flat, 18), 20— total, 23.

Operations, ending June 80, 1897.— Trains run (passenger), 30,666 miles. Gross earnings, $18,228. Oper-
ating expenses, $15,281. Net earnings, $2,946.

Financial Statement, June 80, 1897.— Capital stock (shares, $100), authorized and paid in, $200,000 ;
funded debt (1st mtge. 5p. c. 20-yr. $1,000 gold coup, bonds, due Dec. 1, 1914, interest June 1 and Dec. 1, at treas-
urer's office. New York, $60,000 ; 2d mtge. income 5 p. c. 20-yr. $1,000 gold coup, bonds, due June 1, 1916, interest,
if earned, June 1 andDec. 1 at 14 Nassau St., New York, $9,000), $69,000— total stock and bonds, $269,000. The
1st mtge. bonds are secured on the entire property and franchises of the company. Trustee : Continental Trust
Co. .New York. The 2d mtge. incomes are limited in issue to $10,000 per mile of road. Trustee: Charles L.
Griffin.

Directors (elected Feb. 13. 1898).— Richard Grnbb, W. A. Wilcox, J. K. Clarke, Jr., F. H. MacFarland, Wm.
H. Strain, Darien, Ga.; Willard H. Brownson, Yonkers, N. Y.; Geo. D. Mackay, Waldo G. Morse, New York, N.
Y. OFFICERS: F. H. MACFARLAND, Pres., Darien, Ga. ; Willard H. Brownson, Vice-Pres.. Yonkera, N. Y.; Waldo
G. Morse, Sec.; Geo. D. Mackay. Treas., New York, N. Y. GENERAL OFFICE, Darien, Ga.

DOVEB AND STATESBOBO' BB.— Projected: Doverto Jessup, Ga., 110 miles. Completed: June
30, 1897 : Dover to Statesboro1, Ga., 10 miles. Rail (steel), 40 Ibs. Gauge, 4 ft. 9 in. Chartered in April, 1889 ;
road opened Nov. 21, 1889. Receiver appointed in Feb., 1893 ; sold under foreclosure Nov. 1, 1893 ; reorganized
under new charter Dec. 9, 1893. Locomotive, 1. Cars— passenger, 1; baggage, etc., 1 ; freight (flat), 2— total, 4.

Operations, year ending June 30, 1897.— All information refused by company. The following is from the
report of the Railroad Commission of Georgia : Earnings, $20,800. Operating expenses, $9,857. Net earnings,
$10,944.

Financial Statement, June 30, 1895(tofe*<! rendered ).— Capital stock (shares, $100) auth., $100,000; funded

166 POOR'S MANUAL — SOUTH ATLANTIC GROUP.

debt (1st mtge. 6 p. c. gold 20-yr. coup, bonds), $60,000. Trustees of bonds : J. H. Alexander and J. W. Dickey,
Augusta, Ga. Interest payable Jan. and July, at the National Bank of Augusta, Ga.

Directors.— F. T. Lockhart, Jas. L. Fleming, L. C. Hayne, P. H. Langdon, F. W. Scofleld, Augusta, Ga.
OFFICERS: JAMES L. FLEMING, Pres., Treas. & Gen. Mgr.; L. C. Hayne, Vice-Pres.; F. T. Lockhart, Sec.
GENERAL OFFICE, Augusta, Ga.

DRY FORK RR.— Hendricks to Armentront, W . Va.,30m.; total track (steel; 60 Ibs.), 30.36 miles.
Gauge, 4 ft. 8J in. Incorporated Dec. 14, 1892 ; road opened Oct. 1, 1894. Connects with the W. Va. C. A. P. Ry.
at Hendricks. It is proposed to extend the road to a connection with the C. & O. Ry., a distance of about 50
miles beyond the present terminus. Locomotives (leased, 2), 3. Cars— passenger, 1 ; baggage, etc., 1 ; other
(leased), 4 -total, 6.

Operations, year ending June 30, 1897.— Trains run (passenger, 16,310 ; freight. 14,276 ; other, 9,041), 39,-
627 miles. Passengers carried, 11,348 ; carried one mile, 169,614. Tons moved, 50,152 ; ton-miles, 1,408,770.
Earnings (passenger, $5,320 ; freight, $37.163 ; other, $1,811), $44,294. Operating expenses, $40,691. Net earn-
ings, $3,603.

Financial Statement.— None rendered.

Directors (elected Jan., 1898).— Robert F. Whitmer, S. E. Slaymaker, John Halfpenny, Philadelphia, Pa.;
Alfred S. Elliott, Martin Lane, Wilmington, Del. OFFICERS : R. F. WHITMER, Pres.; S. E. Slaymaker, Vice-
Pres. t&Sec.; Martin Lane, Treat., Philadelphia, Pa.; F. K. Bretz, Gen. Mgr.; C. W. Mosser, Aud., Hendricks,
W. Va. GENERAL OFFICE, Hendricks, W. Va.

DURHAM AND CHARLOTTE RR.— Glendon to Gulf, N. C., 10 miles. Sidings, 0.25 mile. Gauge,
4 ft. 9 in. Rail (steel), 45 and 56 Ibs. Chartered in 1893. On July 15, 1896, purchased the entire property of the
Glendon and Gulf RR. Co. (See MANUAL for 1896, p. 213.) Locomotives, 2. Cars— passenger, 1 ; baggage, etc.,
1 ; freight (flat), 3 ; other, 2— total, 7.

Operations, year ending June 30, 1897. — Gross earnings, $2,318. Operating expenses, $3,187. Deficit from
operations, $869.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $10,000.

Directors (elected Jan., 1897).— John B. Lennig, Bridesburg, Pa.; J. S. Carr, Wm. Play, Wm. A. Guthrie,
Durham, N. C. OFFICERS: JOHN B. LENNIG, Pres. <fc Treas., Bridesburg, Pa.; E. H. Middleton, Vice-Pres.,
Frankfort, Pa.; Wm. A. Guthrie, Sec., Durham, N. C.; J. Giles Fonshee, And., Glendon, N. C. GENERAL
OFFICE, Glendon, N. C.

EAST SHORE TERMINAL CO.'S RR.— In Charleston, S. C., 3 m.; total track (10m. owned), 11.25
miles. Steel rail, 60 Ibs. Gauge, 4 ft. 8| in. Company owns 14 wharves, 30 warehouses, about 30 acres of land,

4 cotton compresses, etc., on the water front of the city of Charleston, and connects the same with the railroads
entering the city. The business of the company is in the transportation of freight between the railroads and piers,
a general wharfage business, and the compressing and storing of cotton. Road completed as above in 1895. (See
MANUAL for 1895.) Receiver appointed Jan. 15, 1896.

Operations, etc.— Information refused.

Financial Statement.— Capital stock (auth., $5,000,000 ; shares, $100), $1,120,000 ; funded debt 1st mtge.

5 p. c. 25-yr. gold bonds, due Aug. 1, 1915, interest Feb. and Aug., $1,000,000 ; general consol. mtge. 8 p. c. 10-yr.
bonds, due March 1, 1902, interest March 1 and Sept. 1 ; auth., $300,000, issued, $277,000), $1,277,000— total,
$2,397,000. In 1894 four 1st mtge. coupons, Feb., 1894, to Aug., 1895, inclusive, and six consolidated coupons,
Sept., 1893, to March, 18%, inclusive, were funded in 5 p. c. scrip. Default was made on interest due Feb. 1, 1896.

Directors.— Samuel D. Davis, Wm. H. Male, C. C. Cuyler, C. B. Van Nostrand, D. H. Houghtaling, New
York, N. Y.; W. E. Huger, H.A.M. Smith, Charleston, S. C. OFFICERS: WILLIAM E. HUGER, JRec. & Vice-
Pres., Charleston, S. C. : SAMUEL D. DAVIS, Pres.; John L. Nisbet, Sec. & Treas., New York, N. Y. GENERAL
OFFICE, Charleston, S. C.

EAST TENNESSEE AND WESTERN NORTH CAROLINA RR. -Johnson City. Tenn.,
to Cranberry, N. C., 34 m.; total track (40-lb. rail), 40 miles. Gauge, 3 ft. Chartered May 24, 1866 ; road opened
July 3, 1882. Locomotives, 3. Cars— passenger, 4 ; freight (box, 10 ; flat, 64 ; ore, 24), 98— total, 102.

Operations, year ending June 30, 1897.— Trains run (mixed), 29,416 miles. Passengers carried, 15,939 ; car-
ried one mile, 200,603. Tons moved, 21,981 ; ton-miles, 526,928. Earnings (passenger. $8,028; freight. $30,547;
other, $1,682), $40,257. Operating expenses, $35,407. Net earnings, $4,850 ; other receipts, $17— total, $4,867.
Payments: Interest on bonds, $10,000 ; other interest, $522 ; taxes, $2,430— total, $12,952. Deficit, $8,085 ; deficit
forward ($93,960, less excess interest on bonds charged in 1896, $5,000), $89.960— total, $97,046.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $501,900; funded debt (1st mtge. 4p. c.
24-yr. $1,000 coup, bonds, due Dec. 1, 1905, interest May 1 and Nov. 1), $250,000 ; accounts, $113,837— total, $865,-
737. Contra : Cost of road, etc., $764,651 ; cash and accounts, $4,041 ; profit and loss, $97,046— total, $865,737.
Interest on bonds payable by the trustee, the Guarantee Trust and Safe Deposit Co., Philadelphia, Pa.

Directors (elected March 10, 1897).— Frank Firmstone, Easton, Pa.; H. M. Howe, Ario Pardee, Jr., John
S. Wise, Philadelphia, Pa.; R. F. Hoke, Raleigh, N. C.; J. C. H. rdin, Johnson City, Tenn.; George Richards,
Dover, N. J. OFFICERS : FRANK FIRMSTONE, Pres., Easton, Pa.; John S. Wise, Sec. & Treas., Philadelphia,
Pa.; C. H. Nimsom, Gen. Supt.; Wallace Hahn, And. & Purch. Agt., Cranberry, N. C. GENERAL OFFICE,
Cranberry, Mitchell Co., N. C.

EGYPT RY.— Colon to Cumnock,N. C., Smiles. Gauge, 4 ft. 9 in; Rail (steel), 56 Ibs. Chartered June
14, 1890; road opened Oct. 15, 1891. An extension of this company's road, under the name of the Raleigh and
Western Ry. Co. (chartered Sept. 6, 1893), from Cumnock to Asheboro, N. C., a distance of 41 miles, of which the
grading has been completed from Curnnock to Millane, N. C., 21 miles. Locomotives, 2. Cars— passenger, 1 ;
freight (box, 3 ; flat, 2 ; coal, 23), 28 ; other, 3— total, 32.

Operations, year ending June 30, 1897.— Gross earnings, $7,503. Operating expenses, $3,448. Net earn-
ings, $4,056.

Financial Statement, June 30, 1897.— Capital stock, $125,000 ; funded debt (1st mtge. 6 p. c. $1,000 coup,
bonds, due 1920; auth., $120,000), $108,000— total stock and bonds, $233,000. Contra: Cost of road, $226,227;
rolling stock, $25,377— total, $251,604.

Directors.— Samuel A. Henszey, K. K. Waite, C. F. Pendleton? Cumnock, N. C. OFFICERS : SAMUEL A.
HENSZET, Pres. <fc Gen. Mgr.; K. K. Waite, Sec. <fc Actg. Treas., Cnmnock, N. C. GENERAL OFFICE, Cum-
nock, N. C.

FARMVILLE AND PO WHAT AN RR.— Bermuda to Farmville, Va., 88.72 m.; Coalboro to
Winterpock, Va.,3.14 m.; other branches, 1.14 m.— total, 93 m.— total track (steel, 64.59 m.), 103 miles. Gauge,
3ft. Rail, 35 Ibs. Chartered March 3, 1884 : road opened March 3, 1890. (See MANUAL for 1891.) Locomotives,
5. Cars— passenger, 7 ; baggage, etc., 1 ; freight (box, 13 ; flat, 86 ; stock, 1 ; coal, 20 ; caboose, 2), 122 ; clay, 26 —
total, 156. The coal cars are leased.

Operations, year ending June 30, 1897.— Trains run (passenger, 17,000 ; freight, 9,815 ; mixed, 50,769 ;
other, 1,833), 79,417 miles. Passengers carried, 9,473 ; carried one mile, 177,782. Tons moved, 73,737 ; ton-miles,
2,223,951. Earning (passenger, $5,857 ; freight, $53,606 ; other, $9,855), $69,319. Operating expenses, $53,988.
Net earnings, $15,&31 ; other receipts, $2,551— total, $17,882, Payments : Interest on bonds, $19,200 ; other in-
terest, $7,195 ; taxes, $3,848— total, $80,242. Deficit, $12,360 ; deficit forward, $27,627-total, $39,988.

POOR'S MANUAL OF RAILROADS. 167

Financial Statement, June 30, 1897.— Capital stock ($100 shares)— common (anth., $600,000), $460,850 ;
preferred, §500,000 ; funded debt (see below), $820,000 ; bills payable, $67,971 ; accounts, $54,767 ; matured inter-
est coupons unpaid, $12,600 ; accrued bond interest, not yet payable, $3.200 ; miscellaneous, $9— total, $1,919,487.
Contra: Cost of property, $1,806,919 ; cash and accounts, $ 8,502 ; materials, etc., $4,078; profit and loss, $39,-
988— total, $1,919,487. Funded del t consists of $320,000 (auth., 1550.000) Istmtge. 6 p.c. 40-yr. $1 ,000 coup, bonds,
due May 1, 1022, interest May and Nov., and $500,000 (auih., £<20,flOO) 2d mtge. income 6 p. c. 34-yr. $1,000 reg.
bonds, due July 25, 1923. interest, if earned. Feb. and Aug. Preferred stock is entitled to 6 p. c. non-cumulative
dividends. Trustees of bonds : Istmtge., Central Trust Co., New York, N. Y.,1 2d mtge., Mason Young and A.
D. Watkins. Interest payable in New York, N. Y., and Richmond, Va.

Directors.— Franklin Stearns, M. L. Van Doren, J. R. Werth, J. C. Shaffer, Richmond, Va.; A. D. Wat-
kins, Farmville, Va. OFFICERS : N. V. RANDOLPH, Pres.; James R. Werth, Vice-Pres. & Gen. Mgr.; Geo. M.
Wilson, Sec. & Treat.; R. T. Wilson, Auditor, Richmond, Va. GENERAL OFFICE, Richmond, Va.

FLORIDA EAST COAST BY.— Jacksonville, Fla., to Miami, Fla., 365.97m.; Tocoi June, to Tocoi,
Fla., 12m.; San Mateo June, to San Mateo,. Fla., 3.04 m.; East Palatka to Palatka, Fla., 1.81 m.; New Smyrna to
Orange City June., Fla., 28.06 m. ; West Palm Beach to Ocean Pier, 1.29 m.— total, 412.17 miles. Sidings, 40.95 miles.
Rail (steel), 60 Ibs. Gauge, 4 ft. 8| in. Successor, by change of name in 1895, to the Jacksonville, St. Augustine
and Indian River RR. Co. (For history of the latter company, see MANUAL for 1895.) The extension from Palm
Beach to Miami, Fla., a distance of 66.5 miles, was completed during 1896. This road is owned by H. M. Flagler,
New York N. Y. Locomotives, 27. Cars— passenger, 42 ; baggage, etc., 19; freight (box, 300; flat, 119), 419;
caboose, 5 ; other, 22— total. 507.

Operations, financial condition, etc., not reported ; information refused.

Directors.— H. M. Flagler, E. M. Ashley, New York, N. Y.; Andrew Anderson, J. E. Ingraham, St. An-
gustine, Fla.; J. R. Parrott, Jacksonville, Fla. OFFICERS: H. M. FLAGLER, Pres., New York, N. Y.; J. R. Par-
rott, Vice-Pres., Jacksonville, Fla.; W. H. Beardsley, Treas.j J. C. Salter, Sec., New York, N. Y. GENERAL
OFFICE, St. Augustine, Fla. New York Office, 26 Broadway.

FLORIDA MIDLAND UK.— Longwood to Kissimmee, Fla., 44m.; total track (steel ; 40 Ibs.), 46.5
miles. Gauge, 4 ft. 8* in. Successor in Sept., 1896, to the Florida Midland Ry. Co., whose property was sold
under foreclosure on March 4, 1896 (see MANUAL for 1896, p. 211). Purchased by M. E. Bishop, Orlando, Fla., by
whom the road is now operated. No further information obtainable.

FLOVILLA AND INDIAN SPRINGS RY.— Flovilla to Indian Springs, Ga., 3 miles. Gauge,
4 ft. 8± in. Rail (steel), 30 Ibs. Organized April 11, 1897, as successor to the Indian Springs and Flovilla RR.
Co., whose property was sold under foreclosure April 5, 1897. (See MANUAL for 1897, p. 163.) Locomotives, 2.
Cars — passenger, 4 ; freight (flat), 1.

Operations, Financial Statement, etc.— No information furnished.

Directors.— J. R L. Smith, G. B. Elder, R. V. Smith. W. F. Smith, Flovilla, Ga. OFFICERS : J. R. L.
SMITH, Pres.; G. B. Elder, Vice-Pres.; R. V. Smith, Sec.; W. F. Smith, Gen. Mgr., Flovilla, Ga. GENERAL
OFFICE, Flovilla, Ga.

FORT "WHITE AND SOUTHERN RY.— Fort White to Santafe, Fla., 6.5 miles. Gauge, 4 ft. 8f
in. Rail— iron, 35 and 50 Ibs.; steel (4 m.), 40 Ibs. Chartered March 30, 1896, and succeeded by purchase to the
right of the Pittston Hard Rock Phosphate Co. This road is projected to run from Fort White to Trenton, Fla.,
a distance of 25 miles: of which 6.5 miles (as above) were built in 1896. Grading has been completed on 10 miles
additional. Locomotives, 2. Cars— freight (box, 1 ; flat, 1), 2 ; other, 4— total, 6.

Operations, year ending June 30, 1897.— Tons moved, 6,000. Gross earnings (freight), $2,118. Expenses,
$400. Net earnings, $1,718.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), authorized, $100,000. Contra : Cost
of road, etc., $33,000 ; real estate, $4,000 ; materials, etc., $1,000 ; bills receivable, $1,000— total, $39,000. There
is outstanding a mtge. bond for $5,000, issued April 12, 1897, and bearing interest «t 8 p. c. per annum.

Directors.— Thos. W. Pitts. Byron P. Pitts. Fort White, Fla.; A.L. C. Pitts, Gainesville, Fla. OFFICERS :
THOS. W. PITTS, Pres. & Trea*.; A. L. C. Pitts, Vice-Pres., Gainesville, Fla.; Byron P. Pitts, Sec., Fort White,
Fla. GENERAL OFFICE, Fort White, Fla.

GAINESVILLE AND GULF RR.— Gainesville to Fort Drane, Fla.. 27 miles. Sidings, 2 miles.
Gauge, 4 ft. 8} in. Rail (steel), 35 to 65 Ibs. Chartered in 1884 as the Gainesville, Rocky Point and Micanopy Ry. ;
road opened to Irvine, 26 m., in Jan., 1896 ; extended to Fort Drane in June, 1897. Name changed to present title
on July 24, 1895. Locomotives, 2. Cars— passenger, 1; freight (flat, 13; caboose, 1), 14; other, 1— total, 16.
The passenger car is leased.

Operations, y<'ar ending June 30, 1897.— Trains run (passenger, 10,650 ; freight, 31,950), 42,600 miles.
Passengers carried, 8,071 ; carried one mile, 131,012. Tons moved, 13,2T8; ton-miles, 345,228. Earnings (passenger
$2,968; freight, $30,52(>; other, $1,634), $45,999. Operating expenses, $21,375. Net earnings, $24,624. Payments:
Interest on bonds, $2.880 ; other interest, $4,550 ; dividends (10 p. c. paid Jan., 1897), $7,000— total, $14,430.
Surplus, $9,194.

Financial Statement, June 30, 1897.— Capital stock (anth., $1,000,000 ; share", f 100) paid in, $154,000 ;
funded debt (8p. c. 3-yr. $100 gold coup, bonds, issued Sept. 1, 1894, interest March 1 and -Sept. 1, at First National
Bank of Gainesville, Fla., authorized and outstanding), $36,000 ; other liabilities, $720 ; current accounts, §50,532;
profit and loss, $18,167— total, $259,418. Contra: Cost of road, etc., $231,473 ; materials, etc., $500; other prop-
erty and assets, $24,817— total, $259,418. Trustee of bonds : Horatio Davis.

Directors (elected April 5, 1897).— V. J. Herlong, J. M. Graham, J. F. Bunch, S. J. Edwards, Gainesville,
Fla.; T. W. Getzen, Fort White, Fla. OFFICERS : V. J. HERLONG, Pres., Treas. & Gen. Mgr.; J. M. Graham,
1st Vice-Pren.; W. W. Hampton, Zd Vice-Pres.; J. F. Bunch, Sec.; W. A. Sanderson, Aud., Gainesville, Fla.
GENERAL OFFICE, Gainesvflle, Fla.

GEORGETOWN AND "WESTERN RR.— Georgetown, S. C., to Lane's Depot (N. E. RR.), 36 m.;
total track (steel ; 45 and 50 Ibs.), 38 miles. Gauge, 4 ft. 9 in. Georgetown and Lane's RR. was sold under fore-
closure Oct. 5, 1836 : reorganized under present name June 7, 1887. (See MANUAL for 1891.) Locomotives, 4. Cars
—passenger, 2 ; freight (box, 9 ; stock, 34), 43 ; other, 9— total, 54.

Operations, year ending June 30, 1897.— Trains run (passenger, 23,550 ; freight, 5.925 ; mixed, 23,550), 53,-
025 miles. Passengers carried, 15,626 ; carried one mile, 387,306. Tons moved, 24,588; ton-miles, 606,024. Earn-
ings (passenger, $11,133 ; freight, $18,003; other, $2'978), $32,114. Operating expenses, fglJMl. Net earning?,
£10,913 ; other receipts, $26— total, $10,939. Payments : Interest on bonds, $10,000 ; taxes, $1,423— total, $1 1,423.
Deficit, $484.

Financial Statement. June 30, 1897.— Capital stock (shares, $50), $400,000 ; funded debt (1st mtge. 5 p. c.
30 yr. uold coup, bonds due 1917, interest May and Nov., at Treat* .'s office). $200,000 ; bills payable. $2,386 ; other
liabilities, ?18.100— total, $620,486. Contra : Cost of road, etc., $612,054 : materials, etc., $50 ; cash and accounts,
$3,084 ; profit and loss, $5,298— total. $620,486. Contra : Property, §612,054 ; cash and assets, $3,891 ; materials,
etc., $50 ; profit and loss, $6,300— total, $622,295. Trustees of bonds : E. S. Mason, Charles Olney, New York,

168 POOR'S MANUAL — SOUTH ATLANTIC GROUP.

Directors. — Frederick Booss, Charles W. Booss, Henry Grasse, F. J. Gilligan, Leopold Berger, New York,
N.Y.; R. P. Linderman, C. O. Brunner, Bethlehem, Pa.; H. S. Holmes, Charleston, S. C. OFFICERS: FREDERICK
Booss, Pres.; Henry Grasse, Vice.-Pres.; Chas. W. Booss, Sec. & Treas., New York, N. Y.; T. W. Brightman,
Aud., Georgetown, S. C. GENERAL OFFICE, Georgetown, S. C. New York Office, 449 Broadway.

GEORGIA NORTHERN RY.— Pidcock, Ga., to Moultrie, Ga., 31 m.; branches: Manzey to Log
Camps, 8 m. ; Moullrie to Vereens, 7 m.— total, 46 miles. Gauge, 4 ft. 8J in. Rail (steel), 40 and 50 Ibs. Char-
tered Nov. 23, 1894, as successor to the Boston and Albany RR. of Ga., whose property was sold under foreclosure
in 1895. Charter amended authorizing an extension from Moultrie to Albany, Ga., 50 miles. Locomotives, 4.
Cars— passenger, 2 ; baggage, etc., 1; freight, 3 ; other, 43— total, 49.

Operations, year ending June 30, 1897.— Gross earnings, §56,960. Operating expenses, $36,078. Net earn-
ings, $20,882.

Financial Statement, Jan. 1, 1896.— Capital stock authorized and paid in, f 150,000. Funded debt: $150,-
000 1st mtge. bonds, interest May and Nov., at First National Bank, Jersey City, N. J.

Directors (elected Jan. 11, 1898).— Jno. F. Pidcock. Moultrie, Ga.; C. W. Pidcock, E. N. Phelps, Pidcock,
Ga.; J. N. Pidcock, J. N. Pidcock, Jr., White House, N. J. OFFICERS : JNO. F. PIDCOCK, Pres., Moultrie, Ga.;
C. W. Pidcock, Vice-Pres. <& Supt., Pidcock, Ga.; J. N. Pidcock, Vice-Pres. ; J. N. Pidcock, Jr., Sec. & Treas.,
Pidcock, Ga. GENERAL OFFICE, Pidcock, Ga.

GLENN SPRINGS RR.-Glenn Springs to Roebuck, S. C., 10 m. ; trackage, C. & W. C. Ry. : Roebuck
to Spartanburg, S. C., 6 m.- total operated, 16 miles. Gauge, 4 ft. 9 in. Rail— steel (4 m.), 60 Ibs.; iron, 56 Ibs.
Organized Dec., 1893; road opened from Glenn Springs to Becca in Nov., 1894; as above on July 1, 1896. Loco-
motive, 1. Cars— passenger, 1 ; baggage,!. Equipment held under car trust.

Operations, year ending June 30, 1897. —Trains run (mixed), 10,624 miles. Passengers carried, 5,124;
carried one mile, 103,107. Tons moved, 2,112; ton-miles, 21,120. Earnings (passenger, $2,291; freight, $1,968;
other, $500), $4,760. Operating expenses, $4,628. Net earnings, $132. Payments : Interest, $638; taxes, $242—
total, $880. Deficit, $749.

Financial Statement, June 30, 1897.— Capital stock (auth., $10,000; shares, $50), $6,600; funded debt (1st
mtge. 6 p. c. 20-yr. bonds, dated July 1, 1894, interest payable at Glenn Springs, S. C., Jan. and July), $8,500;
equipment trust obligation, $586— total stock and bonds, $15,686. Contra : Cost of road, etc., $34,872. Trustees of
bonds: John B. Cleveland, John E. Bomar.

Directors.— H. S. Simpson, C. W. Zimmerman, Paul Simpson. R. C. Simpson, A. Z. Gates, A. O. Simpson,
L. Z. Cates, Glenn Springs, S. C.; J. F. Cleveland, S. J. Simpson, R. Z. Cates, Spartanburg, S. C.; W. W. Simp-
son, Woodruff, S. C. OFFICERS : H. S. SIMPSON, Pres., Treas. & Gen. Mgr.; A. O. Simpson, Vice-Pres.; C. W.
Zimmerman, Sec., Glenn Springs, S. C. GENERAL OFFICE, Glenn Springs, S. C.

HAMPTON AND BRANCH VILLE RR.— Hampton to Mauldinton, S. C., 20 m.; branch : Maul-
dinton to Cones, 3 m.— total, 23 miles. Rail (steel), 56 and 60 Ibs. Gauge, 4 ft. 8J- in. Organized March 2, 1892 ;
road completed as above during 1895-96. Locomotives, 2. Cars — passenger, 1 ; freight (box, 5 ; flat, 5), 10 ; other,
4— total, 15.

Operations, year ending June 30, 1897.— Earnings (passenger, $88]; freight, $21,500 ; other, $26,400), $47,-
988. Operating expenses, $31,959. Net earnings, $16,029.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $100,000 ; miscellaneous, $11,480 ;
profit and loss, $'/0,510— total, $181,990. Contra: Cost of road, etc., $136,950; real estate, etc., $13,760 ; other
property and assets, $31,080 ; cash, accounts, etc., $3,000— total, $481,990.

Directors.— W. H. Mauldin, W. C. Mauldin, L. C. Mauldin, Hampton, S. C. OFFICERS : WM. H. MAUL-
DIN, Pres. ifc Treas.; W. C. Mauldin, Supt., Hampton, S. C. GENERAL OFFICE, Hampton, S. C.

HAWKINSVILLE AND FLORIDA SOUTHERN fCZ .-Projected : Worth to Hawkinsville,
Ga., 40 m. ; Davisviile to Fitzgerald, Ga., 18 m.— total, 58 miles. Completed, Jan. 1, 1898 : Worth to Ansley, Ga.,
25 m. ; Davisviile to end of track, 10 m.— total, 35 miles. Gauge, 4 ft. 8i in. Rail (steel), 40 Ibs. Chartered May
25, 1896 ; road opein d as above July 1, 1896. Locomotives, 6. Cars — passenger, 1 ; freight, 25 — total, 26.

Financial Statement, Dec. 1, 1896 (latest rendered). — Capital stock (shares, $100) authorized and paid in,
$100,000 ; funded debt (6 p. c. 15-yr. gold bonds, dated Sept. 22, 1896, due 1911, interest Jan. and July at Atlanta,
Ga., authorized and issued, $50,000— total stock and bonds, $150,000. Cost of road, etc., to date, about $150,000.
Estimated cost of completed road, $225,000. Trustee of bonds : American Trust and Banking Co., Atlanta, Ga.

Directors.— J. W. Pope, A. B. Steele, W. B. Lowe, Geo. H. Purvis, B. R. Allen, Atlanta, Ga. OFFICERS :
J. W. POPE, Pres. & Purch. Agt.; A. B. Steele, Vice-Pres.; Geo. H. Purvis, Sec. & Treas.; B. R. Allen, Auditor,
Atlanta, Ga. GENERAL OFFICE, Atlanta, Ga.

HENDERSONVILLE AND BREVARD RR.— Hendersonville to Brevard, N. C., 21 .6 miles. Sid-
ings, 0.50 mile. Gauge, 4ft. 9 in. Rail (steel, 22.1 m.), 56 Ibs. Chartered Jan., 1891; road opened as above
Oct. 25, 1895. Receiver appointed Dec. 26, 1896. Road sold July 5, 1897, by order of the Court and placed in hands
of trustees for creditors. First judgment lien, $65,000 ; 2d judgment lien, $30,000— total, representing cost, $95,-
000. Locomotives, 2. Cars— passenger, 1 ; baggage, etc., 1 ; freight (box, 3 ; flat, 1), 4— total, 6.

Operations, year ending June 30, 1897. — Trains run (passenger, 2,671 : mixed, l^OS)), 18,700 miles.
Passengers carried, 8,165 ; carried one mile, 146,975. Tons moved, 1,749 ; ton-miles, 34.981. Earnings (passen-
ger, $4,409 ; freight, $3,148: other, $1,351), $8,909. Operating expenses, $9,895. Deficit from operations, $986.

Trustees.— T. J. Rickman, W. A. Gash, G. A. Shuford, Hendersonville, N. C. OFFICERS : T. J. RICK-
MAN, Managing Trustee; f. S. Boswell, Supt., Hendersonville, N. C. GENERAL OFFICE, Hendersonville, N. C.

HOLLY RIVER RR.— Palmer June. (W. V. & P. RR.) to Marpleton, W. Va., 15m.; branch: Marple-
ton to Coalburg, 10m.— total, 25 miles. Gauge, 4 ft. 8i in. Rail (steel), 45 li)s. Chartered July 12, 1896 ; road
opened Nov. 1, 1894. Originally built in part by the Holly Company in connection with their mills, and purchased
by the present company in June, 1896, and now opened and operated for general traffic, particularly lumber and
coal. An extension of 10 miles of the main line from Marpleton to Hacker's Valley is under construction and
will be completed in the spring of 1898. It is proposed to extend the road 30 additional miles to a connection
with the Roaring Creek and Charleston RR. on the north, and 10 miles from Palmer June, to Sutton on the south,
to a connection with the Charleston, Clendennin and Sutton RR. Company has now a traffic contract with the
West Va. and Pittsburgh RR. Locomotives, 4. Cars — passenger, 3 ; baggage, 1 ; freight, 13 ; lumber, 13— total
cars, 48.

Financial Statement, Jan. 1, 1898.— Capital stock (auth., $500,000 ; shares, $100) paid in, $100,000. No
bonds. Cost of road, $75,000 ; real e.-tate, etc., $10,000. Voting power attaches to stock after 30 days' ownership.

Directors (elected Dec. 20, 1896).— John T. McGraw, John L. Hechmer, Grafton, W. Va.; C. M. Warner,
Syracuse, N. Y.; Joseph Fuccy, Weston, W. Va. ; Jno. M. Marple, Marpleton, W. Va.; Jas. H. Brewster,
Brewster, W. Va.; Floyd G. Brown, Palmer, W. Va. OFFICERS: JOHN T. McGRAw, Pres., Grafton, W. Va. ;
Chas. M. Warner, 1st Vice-Pres., Syracuse, N. Y.; Jno. M. Marple, 3d Vice-Pres., Marpleton, W. Va.; C. R. Dur-
bin, Treas.; John B. McCoy, Sec. & Aud., Grafton, W. Va,; Geo. A. Hechmer, Mgr., Palmer, W. Va. GENERAL
OFFICE, Palmer, W. Va.

• POOR'S MANUAL OF RAILROADS. 169

JACKSONVILLE AND ATLANTIC RY.-Jacksonville to Pablo Beach, Fla., 16.25 miles.
Gauge, 3 ft. Rail (steel), 35 Ibs. Reorganization of the J. & A. RR. Co. after foreclosure sale, Dec. 5, 1892. (See
MANUAL for 1893.) Locomotives, a. Cars— passenger, 4 ; baggage, etc., 1 ; freight (box, 2 ; flat, 9), 11— total, 16.

Operations, year ending June 30, 1897.— Trains run (mixed) 65,000 miles. Passengers carried, 12,500.
Tons moved, 160,000. Earnings (passenger, $10,500 ; freight, $3,867 ; other, $770), $15,137. Operating expenses,
$17,280. Deficit from operations, $2,143.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock ($100 shares), $100,000 ; funded
debt (J. &. A. RR. 7 p. c. 20-yr. $500 coup, bonds, due 1904, interest Jar. and July), $50,000; accounts, $9,948—
—total, $159.948. Contra : Cost of property, $100,000; permanent improvements and real estate, $1,108; accounts,
$6.600 ; cash, $2,240; RR. accounts, $50,000— total, §159,948.

Directors 'elected Jan., 1898).— B. P. Hazeltine, J. W. Archibald, W. A. Macduff, W. B. Barnett, Jackson-
ville, Fla. OFFICERS : J. W. ARCHIBALD, Pres. & Gen. Mgr.; W. A. Macdnff, Vice-Pres.; B. H. Barnett, Sec. <$•
Treas., Jacksonville, Fla. GENERAL OFFICE, Jacksonville, Fla.

KANAWHA RY.— Fail-field to Acme, W. Va., 9.5 m.; Steven's Mine? to Coalburg, W. Va., 10 m.—

total, 19.5 miles. Gauge, 4 ft. 81 in. Road completed in 1890. Operated under contract by the Chesapeake and

*Ohio Ry. Co. No further information obtainable. OFFICERS : JOHN J. SHONK, Pres., Plymouth, Pa.; Geo. W.

Shonk, Sec. & Treas., Wilkesbarre, Pa.; F. L. Garrison, Supt., Coalburg, W. Va. GENERAL OFFICE, Coal'jnrg,

W. Va.

KANAWHA AND COAL RIVER RY.-Kanawha River to Chilton, W. Va., 14.75 m.; branch:
Black Band to Spring Hill.W. Va., 5.25 m.— total track (steel; 48 and 56 Ibs.), 21 miles. Gauge, 4 ft. 8} in.
Chartered June 24, 1881 ; road opened in March, 1882 ; reorganized Oct. 1, 1888. Locomotives, 2. Cars— combi-
nation, 1 ; freight (flat, 2 ; coal, 100), 102— total, 103.

Operations.—^ information refused.

Financial Statement, Jan. 1. 1896 (latent rendered).— Capital stock (par, $100), $175,000. Funded debt
authorized— $150.000 1st mtge. 6 p. c. $1,000 bonds, dated Jan. 2, 1896, due 1921, interest Jan. and July; none yet
issued. Trustee : Merchants' Trust Co.. Philadelphia. 1'a. Cost of road, etc., $325,000.

Directors (elected Jan., 1897).— J. Wilson Humbird, Robert MacDonald. J. B. G. Roberts, W. A. Johnson,
Cumberland, Md.; W. N. Talley, Spring Hill, W. Va. OFFICERS : J. W. HUMBIRD, Pres.; Robert MacDonald,
Sec. & Treas., Cumberland, Md.; W. N. Talley, Auditor, Spring Hill, W. Va. GENERAL OFFICE, 60 Wall St.,
New York, N. Y. Operating Office, Spring Hill, W. Va.

KELLY CREEK IMPROVEMENT CO.— Cedar Grove to Finley, W. Va., 8.5 miles. Gauge, 4 ft.
8i in. Rail (steel), 58 lb*. Chartered in July, 1894; completed in 1895. It is proposed to build 6 miles additional.
Built as a coal and timber road. Connects at Cedar Grove with the Kanawha and Michigan Ry. Locomotive, 1.
Cars— passenger, 1 ; (freight), 22 ; other, 3— total, 26. Cost of road, etc., $73,000.

Directors.— C. C. Lewis, Geo. S. Couch, John D. Lewis, L. Couch, S. L. Flournoy, C. C. Lewis, Jr.,
Charleston, W. Va. OFFICERS: C. C. LEWIS, Pres., Mammoth, W. Va.; Geo. S. Couch, Sec. & Treas., Charles-
ton, W. Va.; Carl Scholz, Chief Eng., Mammoth, W. Va. GENERAL OFFICE, Charleston, W. Va.

LANCASTER AND CHESTER RR.— Chester to Lancaster, S. C.;28.5 miles. Gauge, 3 ft. Rail,
30 Ibs. Successor, July 1, 1896, to the Cheraw and Chester RR. Co., whose property was sold under foreclosure
on June 1, 1896 (see MANUAL for 1896). Locomotives, 3. Cars— passenger, 7; baggage, etc., 2; freight (box, 20;
stock. 2; flat, 6), 28; caboose, 3— total, 40.

Operations, year ending June 30, 1897.— Earnings, §29,045. Operating expenses, $19.040. Net earnings,
$10,005. Payments: Interest on bonds. $1,750; other interest, $250; dividend (4 p. c. paid Jan. 1, 1897), $4,000;
other payments, $2,000— total, $8,000. Surplus, $2,005.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $50,000: funded debt (1st mtge. 7 p. c.
20-yr. cy. $500 coup, bonds, dated Jan. 1, 1897, interest Jan. and July at Charleston, S. C.; auth., $25,000), §18,000
—total, $68,000. Contra : Cost of road, etc., $'i5.000. Trustees of bonds: W. C. Thomson, Lancaster, S. C.; F.
H. White, Chester, S. C., and J. Q. Davis, Winnsboro, S. C.

Directors.— Leroy Springs, Wm. Ganson, R. C. Hough, W. T. Gregory, L. C. Paysner, J. M. Heath, Lan-
caster, S. C.; W. H. Hardin, Chester, S. C. OFFICERS : LEROY SPRINGS, Pres. & Gen. Mgr., Lancaster, S. C.;
W. H. Hardin, Vice-Pres. & Aud., Chester, S. C.; Wm. Ganson, Treas.; R. C. McManus, Sec., Lancaster, S. C.
GENERAL OFFICE, Chester, S. C.

LAUREL FORK AND SAND HILL RR.— Laurel Fork June, to Volcano, W.Va., 3.5 miles. Rail,
56 Ibs. Gauge, 4 ft. 8J- in. Locomotives, 2. Cars— passenger, 1 ; freight, 3— total, 4. This road was sold at auc-
tion, Jan. 17, 1898, to satisfy judgments for $3,200. It was bid in for the amount of the judgments by Stiles
Brothers, of Volcano, W. Va.

LAWRENCEVILLE BRANCH RR.— Lawrenceville to Suwanee, Ga., 9.61 miles. Rail (steel), 3u
Ibs. Gauge, 3 ft. Chartered Feb. 28, 1P77; completed in Dec., 1881. It connects at Suwanee with the Southern
Ry. Locomotive, 1. Cars— passenger, 1 ; box, 4; flat, 3.

Operations, year ending June 30, 1897. — Gross earnings, $3,522. Operating expenses, $2,086. Net earn-
ings, $1,436.

Financial Statement, June 30, 1894 (latest rendered).— Capital stock (par, $25), $45,000; funded debt, 1st
mtge. 7 p. c. 10-yr. bonds, due July 1, 1890, interest Jan. and July, $30,000; other liabilities, $42,567— total, $117,-
567. Contra : Cost of road, etc., $83,640; profit and loss, $33,927. T. M. PEEBLES, Pres., Lawrenceville, Ga.
GENERAL OFFICE, Lawrenceville, Ga.

LEXING-TON TERMINAL RR.— Lexington to Crawford, Ga., 4 m.; branch to quarry of Blue
Granite Co., 0.5 m.— total, 4.5 m.; total track (steel; 30 lbs.)/5 miles. Gauge, 4 ft. 8$ in. Incorp. in 1888; road
opened Oct. 1, 1889. Locomotive. 1. Cars — passenger, 1; baggage, etc., 1: other, 1 — total, 3.

Operations, year ending June 30, 1897.— Gross earnings, $3,685. Operating expenses, $3,649. Net earn-
ings, $36. No financial statement rendered. No directors. OFFICERS: HAMILTON MCWHORTER, Pres.; Joel
Cloud, Vice-Pres. & Treas., Lexington, Ga. GENERAL OFFICE, Lexington, Ga.

LIVE OAK AND Q-ULF RY.— Projected: Live Oak, Fla.. to a point on the Gulf of Mexico in La-
fayette County, Fla., 70 miles. Completed, Feb. 1, 1898 : Live Oak, Fla., to Peek, 21 miles. Gauge, 4 ft. 9 in.
Rail (steel, 18 m.), 35, 50, and 65 Ibs. Locomotive, 1. Cars— passenger, 1 ; baggage, 1 ; flat, 2— total, 4. Chartered
in 1894. and purchased the roadbed and all the assets (except the franchises) of the Live Oak, Luraville and Dead-
man's Bay RR. Co. Capital stock (shares, $100) authorized and subscribed, $150,000 ; paid in, $100,000.

Directors.— R. L. Anderson, Ocala, Fla.; Charles W. White, Jas. R. White, M. C. Renick, Citra, Fla.; T.
I. Mclntosh, Luraville, Fla. OFFICERS : R. L. ANDERSON. Pres., Ocala, Fla.; Chas. W. White, Vice-Pres., Gen.
Mgr. & Purch. Agt.; Jas. R. White, Sec. & Treas., Citra, Fla.; C. J. McGehee, Supt., Live Oak, Fla. GENERAL
OFFICE, Citra, Fla.

LOUISVILLE AND "WADLEY RR.— Louisville to Wadley, Ga., 10 miles. Gauge, 4 ft. 84 in.
Road opened in Oct. 1879. Connects at Wadley with the Central of Ga. Ry., and all through freight is carried
by that company. The rolling stock is used solely for local business. Locomotive, 1. Cars— passenger, 2 ;
freight (box, 1 ; flat, 1), 2— total, 4.

170 POOR'S MANUAL — SOUTH ATLANTIC GROUP.

Operations, year ending June 30, 1897.— Gross earnings, $11,783. Operating expenses, $11,160. Net earn-
ings, $573. This company paid one 4 p. c. dividend.

Financial Statement.— Capital stock, $25,000 ; funded debt, 1st mtge. 7 p. c. bonds, dated April 1, 1880,
$29,000— total, $54,000. Contra : Cost of road, etc., $58,000.

Directors.-W. L. Phillipps, J. G. Cain, G. W. Warren, S. M. Clark, G. H. Harrel, J. C. Little, F. A. Sin-
gerfield, Louisville, Ga. OFFICERS : J. C. LITTLE, Pres. <fe Gen. Mgr.; S. M. Clark, Treat.; G. W. Warren, Sec.,
Louisville, Ga. GENERAL OFFICE, Louisville, Ga.

MACON AND BIRMINGHAM ~KY.— Projected: Macon, Ga., to Birmingham, Ala., 230 miles.
Completed, June 30, 1897 : Sofkee, Ga., to La Grange, Ga., 97 m. ; trackage, Macon to Sofkee, Ga., 8m.— total
operated, 105 miles. Sidings, etc., 1.40 miles. Gauge, 4 ft. Si in. Rail (steel), 70 Ibs. Chartered May 26, 1896,
as successor to the Macon and Birmingham ER. Co., whose property was sold under foreclosure on Dec. 27, 1895.
(See MANUAL for 1895.) Locomotives, 4. Freight cars (box, 125 ; flat. 67), 192.

Operations, year ending June 30, 1897. — Gross earnings, $61,970. Operating expenses, $83,057. Deficit
from operations, $21,087.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock, auth., $500,000 ; shares, $100 each.
Funded debt authorized consists of $500,000 1st mtge. 5 p. c. 50-yr. $1,000 gold coup, bonds, due July 1, 1946, in-
terest Jan. and July at the office of the trustee, Old Colony Trust Co., Boston, Mass. All are outstanding.

Directors (elected May 26, 1896).— F. M. Edwards, Boston, Mass.: L. F. Garrard, G. Y. Tignor. Tol. Y.
Crawford, Columbus, Ga.; Julian R. Lane. Macon. Ga. OFFICERS : F. M. EDWARDS, Pres., Boston, Mass.; T.
Y. Crawford, Vice-Pres., Columbus, Ga.; 8. Gleason, Treas.; B. C. Parsons, Sec., Boston, Mass.; Julian R. Lane,
Gen. Mgr., Macon, Ga. GENERAL OFFICE, Macon, Ga.

MACON, DTJBLIN AND SAVANNAH BB.— Macon to Dublin, Ga., 54 m.; total track (steel;
56 Ibs.), 55 miles. Gauge, 4 ft. 8| in. Chartered Aug. 6, 1885 ; road completed as above in 1891. Built by the
Illinois and Georgia Improvement Co., of Chicago, 111. Surveys completed for extension to Savannah, 113 miles
from Dublin. Locomotives, 2. Cars— passenger, 3 ; baggage, etc., 1 ; freight (box, 14 ; flat, 30), 44 ; caboose, 1
—total, 49.

Operations, year ending June 30, 1897.— Trains run (passenger, 7,156 ; freight, 8,120 ; mixed, 33,642 ;
other, 22,151), 71,009 miles. Passengers carried, 27,402; carried one mile, 751,690. Tons moved, 35,327; ton-
miles, 1,264,429. Earnings (passenger, $17,404 ; freight, $42,352 ; other, $4,523). $64,278. Operating expenses,
§53,609. Net earnings, $10,6t>9 ; other receipts, $86— total, $10,755. Paid taxes, $3,337. Surplus, $7,418 ; surplus
forward, §48,034— total, $55,451.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,280,000 ; bills payable, $30,079 ;
current accounts, $5,408; profit and loss, $55,451— total, $1,370,938. Contra: Cost of road, etc., $1,362,166;
materials, etc., $2,298 ; cash, $3,640 ; current accounts, $2,833— total, $1.370,938.

Directors.— Paul Hough, J. M. Stubbs, Dublin, Ga.; D. G. Hughes, C. G. Smith, Macon, Ga.; D. M.
Hughes, Danville, Ga.; Chas. Ray, Milwaukee, Wis.; G. B. Shaw, Chicago. 111. OFFICERS : G. B. SHAW, Pres.,
Chicago, 111.; D. M. Hughes, Vice-Pres., Danville, Ga.; Jas. T. Wright, Treas. & Gen. Mgr., Macon, Ga.; Hardy
Smith, Sec., Dublin, Ga.' GENERAL OFFICE, Macon, Ga.

MABION AND BYE VALLEY BB.— Marion to Currin Valley, Va., 6.5 miles. Gauge, 4 ft. 8J in.
Rail (steel), 63 Ibs. Chartered Jan. 1, 1892 ; road opened Sept. 1, 1896. Locomotive, 1. Cars (flat), 1.

Financial Statement. — Capital stock (shares, $100), $100,000: funded debt (6 p. c. 20-yr. $500 coup, bonds
due 1912, interest June and Dec.), authorized and issued, $65,000; bills and accounts, $2,300. Contra : Cost of
road, etc., $47,500. Interest on bonds payable at the office of the trustee, Holland Trust Co., New York, N. Y.

Directors.— P. 8. Swain, C. R. Slocum, Chas. T. Darling, Chas. S. Whitney, A. G. Henderson, P. 8.
Swain, Jr., John D. Shelton, New York, N. Y.; B. F. Buchanan W. B. Jackson, Marion, Va. OFFICERS: P. S.
SWAIN, Pres.; C. R. Slocum, Sec. & Treas., 80 Wall St., New York, N. Y. GENERAL OFFICE, Marion, Va.

MILLEN AND SOTJTHWESTEBN BB.-Millento Stillmore, Ga., 32 m.; total track (steel, 16
m.), 36 miles. Rail, 45 and 50 Ibs. Gauge, 4 ft. 8} in. Reorganization, Oct. 28, 1897, of the Millen and Southern
Ry. Co., whose property was sold under foreclosure Oct. 15_, 1897 (see MANUAL for 1897). Locomotives, 3.

Operations, year ending June 30, 1897. — Gross earnings, $28,374. Operating expenses, $28,205. Net earn-
ings, $169.

Financial Statement.— None rendered; information refused.

Directors.— OFFICERS: C. D. BALDWIN, Pres.; Wm. B. Stillwell, Vice-Pres., Savannah, Ga.; J. F. Gray,
Supt., Millen, Ga. GENERAL OFFICE, Millen, Ga.

MOOBE COUNTY BB.— Aberdeen, N. C., to Craigrownie, N. C., 12.5 m.; total track (steel;
13 miles. Gauge, 4 ft. 8£ in. Chartered Feb. 6, 1893; road opened as above in Feb., 1895. Locomotives, 8. Cars, 14.

Operations, year ending June 30, 1897.— Earnings (passenger, $78; freight, $7,279; other, $50), $7,402.
Operating expenses, $5,422. Net earnings, $1,980.

Financial Statement, June 30, 1897.— Capital stock (auth., $1,000,000; shares, $50), $38,950; money on
loan, $4,393; accounts, $13H reserve fund, $3,705; profit and loss, $7,290— total, $54,469. Contra: Cost of road,
etc., $48,482; real estate, etc., $1,866: materials ana fuel, $313; accounts, $2,162; cash, $1,644— total, $54,469.

Directors (elected Nov. 24, 1897).— L. D. Hiazen, St. Johnsbury, Vt.; J. Rowlands, W. B. Eekhout, C. D.
Wainwright, Aberdeen, N. C.; C. J. Brown, Southern Pines, N. C.; Tbos. Carleron, Boston, Mass. OFFICERS :
L. D. HAZEN, Pres., St. Johnsbnry, Vt.; Timothy Bo?t, Glasgow. Scotland; W. B. Eekhont, Treas. <t Gen.
Mgr., Aberdeen, N. C.; Robert McLean, And., Baltimore, Md. GENERAL OFFICE, Aberdeen, N. C.

NEW HANOVEB TBANSIT CO.— Wilmington, N. C., to Carolina Beach, 3 m.; total track (steel),
4 miles. Gauge, 4 ft. 8i in. Chartered May, 1895. Locomotive,!. Cars— passenger, 4; freight (flat), 1 — total, 5.

Operations, year ending Oct. 1, 1897.— Gross earnings, $2,250. Operating expenses, $950. Net earnings,
$1,300. Capital stock (auth., $17,500), $9,300; bills payable, $1,500; accounts, $350— total, representing cost, etc.,
$11,150.

Directors.— John W. Harper, Sonthport, N. C. ; J. C. Stevenson, Daniel O'Connor, Lewis H. Skinner, Alex.
D. Brown, H. C. McQueen, W. L. Smith, Wilmington, N. C. OFFICERS: H. C. MCQUEEN, Pres.; D. O'Connor,
Wce-Pres.; Jas. C. Stevenson, Sec. A Treas.; John W. Harper, Gen.Mqr., Wilmington, N. C. GENERAL OFFICE,
Wilmington, N. C.

NOBFOLK, VIBGUNIA BEACH AND SOTJTHEBN BB. -Norfolk to Virginia Beach, Va.,
17.4 m.; total track (steel), 19.90 miles. Rail, 60 Ibs. Gauge, 4 ft. 8i in. Organized June 13, 1896, as successorto
the Norfolk, Albemarle and Atlantic RR. Co., whose property was sold under foreclosure on April 26, 1896, and
purchased on behalf of the reorganization committee (see MANUAL for 1896). Road changed to the standard on
June 1, 1897. Locomotives (leased), 4. Cars— passenger, 8; combination, 3; parlor, 2; baggage, etc., 3; freight
(box, 7; stock, 1 ; flat, 10), 18— total, 34.

Operations, year ending June 30. 1897.— Trains run (passenger, 44,714; freight, 5,980; mixed, 11,783 ;
other, 23,210), 85,687 miles. Passengers carried, 113,190 ; carried one mile, 1,754,445. Tons moved, 15,922 ; tor-
miles, 222,908. Earnings (passenger, $30,010 ; freight, $21,499 ; other, $2,948), $54,457. Operating expenses,
$40,516. Net earnings, $13,941; other receipts, ?3,195— total, $17,136. Payments: Interest on bonds, $10,417 ;
taxes, $504 ; other payments, $2,904— total, $13,824. Surplus, $3,312 ; surplus forward, $706— total, $4,018.

POOR'S MANUAL OF RAILROADS.

171

Financial Statement, June 30, 1897.-Capital stock (auth., §1,000,000 ; shares, $100), $350,000 ; funded

etc., $3,089 ; accounts, $22,336 ; cash, $13,027— total, $638,452. The bonds are secured by mtge. on the railroad
property, the "Princess Anne " hotel property and improvements, and 1,300 acres of land at Virginia Beach.

Directors.— Alfred Skitt, John Carstensen, E. V. W. Rossiter, Percy R. Todd, Chas. F. Cox, G. R. Turn-
bull, New York, N. Y. ; Win. H. White, Norfolk, Va. OFFICERS : ALFRED SKITT, Pres., New York, N Y •
Wm. H. White, Vice-Pres., Norfolk, Va.; John Carstensen, Sec. & Treas., New York, N. Y. ; B. P. Holland, Gen.
Supt.; Geo. M. Glazier, Attd., Norfolk, Va. GENERAL OFFICE, Norfolk, Va.

NORTHAMPTON AND HERTFORD RR.— Projected .• Gumberry, N. C., to Chowan River 40
miles. Completed, June 30, 1897 : Gunberry to Jackson, N. C., 9 miles. Gauge, 4 ft. 9 in. Organized Oct. 6,
1893, as successor to the Gnmberry and Jackson RR. and Lumber Co.; road opened Jan. 1, 1894. Locomotive, 1.
Car (combination), 1.

Operations, year ending June 30, 1897.— Trains run (mixed), 5,634 miles. Passengers carried, 1,616 ; car-
ried one mile, 14,544. Tons moved, 88,244 ; ton-miles, 794,196. Earnings (passenger, $1.139 ; freight, $13 719 •
other, $1,000), $15,858. Operating expenses, $8,215. Net earnings, $7,643. Paid taxes, $134. Surplus, $7,509 •
deficit forward, $2,878 ; net deficit, $4,631.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $25,000 ; other liabilities, $481 ; profit
and loss, $4,631— total, $30,111, representing cost, etc.

Directors.— J. S. H. Clark, G. H. Clark, Jr., Newark, N. J. ; Phil. Meisel, Jr., Richmond, Va.; F. Kell,
Gumberry, N. C.; Lewis Edwards, Long Branch, N. J.; N. E. Buchanan, Asbnry Park, N. J.; J. A. Burgwyn,
H. W. Lewis, W. W. Peebles, Jackson, N. C. OFFICERS : J. S. H. CLARK, Pres.: Geo. H. Clark, Jr., Vice-Pres
& Aud., Newark, N. J.; Phil. Meisel, Jr., Sec. & Treas., Richmond, Va.; F. Kell, Gen. Mgr., Gumberry, N. C.
GENERAL OFFICE, Gumberry, N. C.

NORTHEASTERN RR. OF G-A.— Athens to Lula, Ga., 39.04 m.; sidings, etc., 5 miles. Gauge, 4ft.
9 in. Rail (steel, 33.44 m.), 45 Ibs. Chartered Oct. 17, 1870 ; road opened Sept. 1, 1876. Sold under foreclosure
Apiil 16, 1895, and purchased by the State of Georgia. (See MANUAL for 1897, pp. 166 and 1299.) In Dec., 1897, a
bill passed the legislature authorizing the governor to sell the road for not less than $287,000, which is sufficient to
discharge the bonded indebtedness incurred by the State in the purchase of the road. Locomotives, 2. Cars-
passenger, 2; baggage, etc., 1 ; freight (box). 1 ; other, 1 — total cars, 5. Gross earnings, year ending June 30, 1897,
$64,996. Operating expenses, $43,706. Net earnings, $21,290. OFFICERS : R. K. Reaves, State Agent ; R. W.
Sizer, Auditor & Treas., Athens, Ga.

OCONEE AND WESTERN RR.— Projected : Grovania to Dublin, Ga., 53 miles. Completed, June
30, 1897 ; Hawkinsville to Dublin, Ga., 40 m.; total track (steel ; 65 Ibs.), 42 miles. Gauge. 4 ft. 8i in. Organized
Oct. 8, 1892, as successor to the Empire and Dublin RR. Co. (See MANUAL for 1892.) Grading completed on line
between Grovania and Hawkinsville, 13 miles. Locomotives, 4. Cars— passenger, 8 ; baggage, etc., 1 ; freight
(box, 3; flat, 31), 34 ; caboose, 1; other, 1— total, 44. Since June 30, 1897, 5 passenger and 1 private car have been
added.

Operations, year ending June 30, 1897.— Earnings (passenger, $8,485 : freight, $26,051 ; other, $2,339),
$36,876. Operating expenses, $33,387. Net earnings, $3,488.

Financial Statement, June 30, 1897.— Capital stock (shares, $100 ; $477,000 auth.), $360,000 ; funded
debt, let mtge. 5 p. c. 30-yr. $1,000 gold coup, and reg. bonds, dated March 1, 18_93, interest March and Sept., at
company's oflice, New York City ($477,000 auth. —$9,000 per mile on 53 m.), issued $360,000 on 40 m. of com-
pleted and equipped road. Trustee of bonds : Mercantile Trust Co., New York, N. Y.

Directors.— H. A. Clare, J. R. K. Smith, W. C. Kiggins, New York, N. Y.; Robt. H. England, Roch-
ester, N. Y.; J. W. Hightower, Empire, Ga.; E. J.Henry, W. C. Parsons, Hawkinsville, Ga. OFFICERS: H.
A. CLARE, Pres., New York, N. Y.; J. W. Hightower, Vice-Pres., Empire, Ga.; E. H. Rogers, Treat.; W. C.
Hermann, Sec., New York, N. Y.; Robt. H. England, Gen. Mgr., Dublin, Ga. GENERAL OFFICE, Dublin, Ga.

(See-MANUAL for 1894.) The line from Richardson to Whitehouse, Ky., 8.50 m., formerly a branch of the C., C. &
C. RR., was organized as a separate corporation under the name of Ohio River and Charleston Ry. Co. of Ken-
tucky (see statement below). Locomotives, 12. Cars— passenger", 8 ; combination, 1 ; baggage, etc., 2 ; freight
(box, 196 ; flat, 77 ; coal, 20 ; stock, 2), 295 ; caboose, 2 ; other, 2— total cars, 310.

Operations, year ending June 30, 1897. — Passengers carried, 63,014 ; carried one mile, 1,487,963. Tons
moved, 88,377 ; ton-miles, 5,269.421. Earnings (passenger, $47,099 ; freight, $180.437 ; other, $23,036), $190,572.
Operating expenses, $161,728. Net earnings, $28,844. Paid interest, $2,043 ; taxes, $12,069— total, $14,112. Sur-
plus, g!4,732 ; surplus forward, $23,371— total, $38,103.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $6,185,500; current liabilities, $87,-
524; profit and loss, $38,103— total, $6,311, 127. Contra: Cost of property, $6,286,124 ; materials, etc., $1,258; cash
and current assets, §23,745— total, $6,311,127. Capital stock authorized (pref., $6,000,000 ; common, $0,000,000),
$15,000,000; issued (pref., $2,474,200 ; common, $3,711,300), $6,ia5,500. The preferred stock is entitled to non-
cnmnlative dividends of 6 p. c. per annum until 6 p. c. shall be paid on common ; thereafter both share alike with-
out discrimination. In July, 1895, bonds at the rate of $15,000 were voted for extensions, but none were issued.
(See MANUAL for 1897, p. 167.)

OHIO RIVER AND CHARLESTON RY. OF
KY.— Richardson to Whitehouse, Ky., 8.5 miles.
Gauge, 4 ft. 8$ In. The Charleston, Cincinnati and
Chicago RR. Co. was reorganized In Nov., 1894, as
the Ohio River and Charleston Ry. Co. (see above).
That portion of the line in Ky. was sold under fore-
closure in March, 1893, and Incorporated under the

Directors (O. R. & C. Ry. Co.).— Geo. H. Earle, Jr., A. B. Loeb, Simon A. Stern, Jno. J. Collier, Philadel"
phia, Pa. ; John Goldthwait, John C. Haynes, R. M. Morse, A. F. Freeman, Boston, Mass.; Job H. Jackson,
Wilmington, Del.; Samuel Hunt, Cincinnati, O.; S. J. Kirkpatrick, Jonesboro', Tenn. OFFICERS : SAMUEL
HUNT, Pres. & Gen. Mgr., Cincinnati, O.; Job H. Jackson, Vice-Pres., Wilmington, Del.; Jno. J. Collier, Sec.
& Treag., Philadelphia, Pa.; H. J. Bruce, Aud., Blacksburg, S. C. GENERAL OFFICES, Cincinnati, O., and Phila-
delphia, Pa.

PENNSBORO' AND HARRISVILLE, RITCHIE CO. RY.-Pennsboro' to Harrisville, W.
Va., 9 m.; total track (steel ; 20 Ibs.), 10.5 miles. Gauge, 3 ft. Organized Feb. 12, 1880, as successor to the Penns-
boro' and Harrisville RR. Co. (See MANUAL for 1890.) Locomotives, 3. Cars— passenger, 2 ; freight (box), 4—
total, 6.

172

POOR'S MANUAL — SOUTH ATLANTIC GROUP.

Operations, year ending Dec. 31, 1897.— Earnings (passenger, $3.443 ; freight, §2,913 ; other, $427), $6,783.
Operating expenses, $4,987. Net earning?, $1,796. Paid interest on bonds, $420; on notes, $35; balance paid
on new engiue, $1,061— total, $1,516. Surplus, $280.

Financial Statement, July 1, 1891 (latest rendered).— Capital stock ($100 shares), $9,900 ; funded debt
(1st mtge. 6 p. c. 20-yr. $500 coup, bonds, dated March 10, 1881, interest March and Sept.), $14,000 ; profit and loss,
8339. Balance, $2,848— total, $27,086. Contra : Cost of road, $23,900 ; cash, $2,848 ; profit and loss, $339. In-
terest payable at Baltimore, Md. Trustees of bonds : T. M. Harris, M. S. Hall, Ritchie, C. H., W. Va.

Directors (elected Feb. 21, 1898).— Jas. E. Tyler, Baltimore, Md.; W. T. Harris, Mrs. Hattie M. Kimball,
Pennsboro', W. Va.; M. H. Tarlton, W. H. Peirpoint, Harrisville, W. Va. OFFICERS : JAMES E. TYLER, Pres. &
Treas., Baltimore, Md.; W. H. Peirpoint, Sec., Harrisville, W. Va.; W. T.Harris, Oen. Mgr., Pennsboro', W. Va.
GENERAL OFFICE, Pennsboro', W. Va.

PENSACOLA, ALABAMA AND TENNESSEE BB.-Millview to Muscogee. Fla., 15 m.; total
track (steel; 56 Ibs.), 15.5 miles. Leased : Pensacola and Perdido RR.< 10.5 miles. Gauge, 4 ft. 9 in. Chartered
Oct. 15, 1892, as the Pensacola Northern RR. Co. ; name changed Nov. 3, 1892. Locomotives, 4. Cars— passenger,
1; freight (flat, 52; lumber, 77), 129— total, 130.

Operations. —All information refused.

Financial Statement.— Capital stock (par, $100) auth., $20,000 p. m. Bonds auth., $20,000 p. m.; none
yet issued. All further information refused.

July 1, 1914, $60,000— total, $185,000. Contra: Cost
of property, $250,365; materials and fuel, $5,650;
cash and assets. $3,693. Interest on bonds payable
at office of the trustee, the Farmers' Loan and Trust
Co. of New York. H. McLaughlin, Pres.; S. R. Dish-
man, Sec. & Treas. General Office, Pensacola, Fla.

PENSACOLA AND PERDIDO RR.— Pensacola
to Mlllvlew, Fla., 8 m.; branch to wharf, 2.5 m.—
total, 10.5 miles. Rail (steel, 4 m.), 35 and 40 Ibs.
Gauge, 4 ft. 9 in. Chartered July 22, 1869; opened
May 1, 1870. Leased to the P., A. & T. RR. Co.
Capital stock, $125,000; funded debt. 1st mtge. 7
p. c. 30-yr. sinking fund ($1,000 yearly) bonds, due

Directors (P., A. & T. RR. Co.).— Oscar G. Murray, Cincinnati, O.; Henry McLanghlin, L. Hilton Green,
C. H. Disnman, S. R. Dishman, Joseph Wilkins, Pensacola, Fla.; J. Waldo, St. Louis, Mo. OFFICERS : HENRY
MCLAUGHLIN, Pres.; L. Hilton Green, Vice-Pres.; S. R. Dishman, Treas.; C. H. Dishman, Sec., Pensacola, Fla.
GENERAL OFFICE, Pensacola, Fla.

POTOMAC, FBEDEBICKSBUBO AND PIEDMONT BB.-Fredericksbnrg to Orange Court
House, Va., 38 miles. Sidings, etc., 2 miles. Gauge, 3 ft. Rail, steel (0.92 m.), 45 to 50 Ibs.; iron, 30 to 64 Ibs.
(For history see MANUAL for 1894.) Locomotives, 2. Cars— passenger, 2; baggage, etc., 1; freight (box, 10; flat,
25), 35— total, 38.

Operations, year ending June 30, 1897.— Trains run (passenger, 707; freight, 192 ; mixed, 23,788; other,
1,749), 26,436 miles. Passengers carried, 6,397 ; carried one mile, 110,113. Tons moved, 13,878; ton-miles, 357,9^3.
Earnings (passenger, $4,158 ; freight, $15,3*8 ; other, $2,431), $21,917. Operating expenses, $14,956. Net earn-
ings, $6,961. Payments: Interest on bonds, §10,431 ; other interest, $1,013 ; taxes, $1,257— total, $12,701. Deficit,
$5,740; surplus forward, $125,981 ; net surplus, $120,241.

Financial Statement, June 30, 1897.— Capital stock (shares, $100; anth., $1,460,000), $460,000; funded
debt, $308,000; judgment, $10,496; current accounts, $90,076; accrued interest not yet due, $1,095 ; prolit and
loss, $120,241— total, $989,909. Contra: Cost of road, etc., $987,893 ; real estate, $200; materials, etc., $523; cash
and accounts, $1,292— total, $989,909.

funded debt consisted June 30, 1897, of $58,000 1st mtge. 6 p. c. 20-yr. $100 and $500 bonds due April 15,
1908, interest April 15 and Oct. 15 ; and $250,000 2d mtge. 6 p. c. 30-yr. $500 and $1.000 bonds, due June li>, 1908,
interest June 10 and Dec. 10. Bonds are in coupon form ; interest payable at Fredericksburg, Va. Trustee :
John L. Marye, Fredericksburg, Va.

Directors (elected May 15, 1896).— L. Harry Richards, Charles- H. Mason, Philadelphia, Pa.; W. H.
Richards, W. H. Richards, Jr., Fredericksburg, Va.; Robert L. Hayes, West Chester, Pa. OFFICERS : L. HARRY
RICHARDS, Pres., Philadelphia. Pa.; S. G. Daniel, Sec. pro (em.; W. H. Richards, Treas., Gen. Mgr. & Aud.,
Fredericksburg, Va. GENERAL OFFICE, Fredericksburg, Va.

POWELLTON AND POCAHONTAS BY.— Mt. Carbon to Powellton, W. Va., 5 m.; Powellton
to Vulcan, 3 m.— total (steel ; 56 Ibs), 8 miles. Gauge, 4 ft. 8± in. Chartered Nov. 30, 1891 : road opened in 1885.
Operates the property under lease, net earnings going to the lessors. Equipment (leased) : Locomotives, 2. Cars
—passenger, 2 ; freight (coal, 30 ; flat, 3), 33 ; other, 2— total, 37.

Operations, year ending June 30, 1897.— Passengers carried, 3.649. Tons moved, 167,655. Earnings (pas-
senger, $912 ; freight, $16,517 ; other, $1,195), $1S,624. Operating expenses, $18,624.

Financial Statement.— Capital stock (shares, $100) authorized, §25,000 ; paid in, $1,300. Contra : Cost
of road, etc., $150,000.

Directors (elected Jan., 1898).— Evan Powell, G. H. Powell, L. E. Rupert, H. P. Devonshire, Philadelphia,
Pa.; D. T. Evans, Powellton, W. Va. OFFICERS : EVAN POWELL, Pres.; D. T. Evans, Sec., Treas. & Supt.; C.
A. Cabell, Aud., Powellton, W. Va. GENERAL OFFICE, Powellton, W. Va.

BOCKBBIDGKE ALUM AND O-OSHEN BE.— Alum Springs Jet. to Alum Springs, Va.. 1.5 m..
Va. Iron and By.: Goshen to Alum Springs Jet., 7m.— total, 8.5 miles. Gauge, 3 ft. 8$ in. Rail (steel, 7 m.).
— Ibs. Organized March 1, 1892. Incorp. in charter Virginia Iron and Ry. Co. for trackage rights, maintenance,
etc. This road, owned by the Victoria Furnace Co.. was leased to Jas. A. Frazier, managing receiver, from Juno
1 to Nov. 1, 1897, for the fixed sum of $480. Locomotive, 1. Cars— passenger", 1 ; freight, 1— total, 2.

Operations, year ending June 30, 1897.— Earnings (passenger, $940; freight, $93 ; other, $231), $1,264.
Operating expenses, $1,002. Net earnings, $262 ; deficit forward, $"1,280 ; net deficit, $1,818.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $10,000 ; funded debt (4 p. c. bonds,
due Jan. 1, 1920, interest Jan. and July), $20,000; current liabilities, $1,818— total, $31,818. Contra: Cost of
road, $30,000 ; profit and loss, $1.818— total, $31,818.

Directors. — James A. Frazier, Rockbridge Alum Springs, Va.: Thos. D. Ransom, Staunton, Va. ; Wm.
McCormick, New York, N. Y. OFFICERS : JAMES A. FHAZIEK, Pres. & Mgr., Rockbridge Alum Springs, Va. ;
W. G. McCormick, Vice-Pres., Chicago, 111. GENERAL OFFICE, Goshen Bridge, Va.

ST. AUG-USTINE AND SOUTH BEACH BY.— St. Augustine to South Beach, Fla , 5 miles-
Rail— steel (2 m.), 24 Ibs.; iron. 30 Ibs. Gauge, 3 ft. Chartered May 27, 1886; road opened in 1889, with small
steam ferry to transport across bay. Passed under the control of the present management on May 1, 1895. The
old securities were cancelled, and an issue made of new 1st 7 p. c. bonds (described below). Atoll bridge, 2,100ft.
long, has been built over the Matanzas River. Locomotive,!. Cars— passenger, 2; freight (flat, 9). 4.

Operations, year ending June 30, 1897.— Gross receipts (including tolls), $U.tt48. Operating expenses:,
$3,230. Net earnings, $6,708. Paid intei-est on bonds, $2,590. Surplus, $4,118, expended in improvements, et< .

Financial Statement, Juno 30, 1897.— Capital stock (par. $100; auth., $5i>,000), $30,000 : funded debt
(1st mtge. 7 p. c. 10-yr. $500 coup, bonds, due Aug. 1, 1905, • 15,000; 2d mtge. 7 p. c. 10- yr. coup, bonds, due Aug. 3,
1905, $22,000), $37,000— total, $67,000. Contra: Cost of road, etc., $24,000; real estate, etc., $8,000; bridge, roadw,
etc., $35,000— total, $67,000. Interest on bonds, Feb. 1 and Aug. 1, at the First National Bank, St. Augustino,
'""" or at company's office. Trustee of bonds: John T. Dismukes, St. Augustine, Fla.

POOR'S MANUAL OF RAILROADS. 173

Directors (elected Jan. 4, 1898).— H. J. Ritchie, Edgar Van Horn, St. Augustine, Fla.; G. H. Bruer, Pen-
nington. N. J. OFFICERS : H. J. RITCHIE, Pres. & Gen. Mgr., St. Augustine, FJa.; G. H. Bruer, Sec., Penning-
ton, N. J. GENERAL OFFICE, St. Augustine, Fla.

ST. JOHN'S AND ATLANTIC BB.— Jacksonville to Mayport, Fla., 24m.; branches, Mayport to
Burnside, 3 m. ; Eggleston to Arlington, 1 m.— total, 28 ra. ; sidings, 2 miles. Gauge, 4 ft. 8} in. Rail (steel), 40
Ibs. Successor, in 1896, to the Jacksonville, Mayport and Pablo Ry. and Navigation Co., whose property was sold
under foreclosure on Sept. 2, 1895. (See MANUAL for 18!!6. p. 2 14.) Locomotives, 4. Cars— passenger, 14 ; bag-
gage, etc., 2 ; freight (box, 2; flat, 7), 9; caboose, 1— total. *. . Also owns 2 ferryboats. No information obtain-
able. T. N. C. STOCKTON, Pres. ; Telfair Stockton, Treas., Jacksonville, Fla. GENERAL OFFICE, Jacksonville, Fla.

SANDEBSVILLE BB.— Sandersville to Tennille, Ga., 4 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8} in.
Chartered Nov., 1893. The company owns the right of way, depot grounds, etc., but leases its rolling stock from
the Central of Ga. Ry. Locomotive,!. Car— passenger, 1.

Operations, year ending June 30, 1897.— Passengers carried-, 6,054. Tons moved, 8,590. Gross earnings,
$7,773. Operating expenses, $6,811. Net earnings, $962. Capital stock, authorized and paid in (shares, $100),
$10,000.

Directors.— Louis Cohen, Morris Cohn, J. N. Gilmore, D. C. Harris, Lake B. Holt, C. G. Rawlings, S. G.
Long, Sandersville, Ga.; Louis Bashinsky, Tennille, Ga. ; G. D. Warthen, W. A. McCarty. OFFICERS: Louis
COHEN, Pres. & Gen. Mgr.; 8. G. Long, Vice-Pres.; D.C.Harris, Treas.; Herman Bashinsky, Sec. & Aucl.,
Sandersville, Ga. GENERAL OFFICE, Sandersville, Ga.

SMITHONIA, DANIELSVILLE AND CABNEBSVILLE BB.- Projected : Smithonia,
Ga., to Carnersville, Ga., 35 miles. Completed : Smithonia to Five Forks, Ga., 5 miles. Gauge, 4 ft. 8i in. Rail
(steel), Solos-. Chartered Nov. 13, 1889. Capital stock authorized, $300,000. No bonds. Road leased to and
operated by James M. Smith, Smithonia, Ga.

Directors.— Not reported. OFFICERS: S. C. O'KELLY, Pres.; David W. Meadow, Vice-Pres., Sec. &
Treas., Danielsville, Ga. ; James M. Smith, Lessee & Gen. Mgr., Smithonia, Ga.

SOUTH ATLANTIC AND OHIO BB.— Bristol, Tenn., to Big Stone Gap, Va., 70.09 m.; sidings,
5.2 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 Ibs. Chartered March 27, 1876; opened May 1, 1890. Receiver ap-
pointed Aug. 8, 1892. Road to be sold under foreclosure April 26, 1898. Locomotives (owned, 3; leased, 6), 9.
Cars— passenger, 9; mail, etc., 2; freight (box, 167; flat, 100; stock, 25), 292— total, 303, of which 250 are leased.

Operations, year ending June 30, 1897.— Earnings (passenger, $22,185; freight, $65,678; other, $8,001),
$95,864. Operating expenses, $97,620. Deficit from operations, $1,756. Deductions: Interest on bonds accrued,
$117,436; taxes, $8,!31— total, $125,567. Deficit, $127,323; deficit forward, $803,857— total, §931,180.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,110,000; funded debt, $1,957,260;
current liabilities, $1,122,744— total, $4,190,004. Contra: Cost of road, etc., $3,137,727; other permanent invest-
ments, $28,565; cash and cash assets, $44,931 ; materials, etc., $9,547; sundries, $10,851 ; receiver's salary, $27,203;
profit and loss, $931,180— total, $4,190,004. Funded debt consists of $1,850,000 (auth., $10,000,000) 1st mtge. 6 p. c.
10-yr. $1,000 bonds, issued Jan. 1, 1887, Dec. 1, 1888, and Jan. 1, 1889, due July 1, 1917; and $107,260 equipment
bonds.

Directors.— W. P. Clyde, George S. Scott, B. S. Clarke, New York, N. Y.; John C. Haskell, J. H. Wood,
Bristol, Tenn.; J. B. Richmond, Gate City, Va. ; D. H. Conklin, Decatur, 111. OFFICERS: JOHN C. HASKELL,
Receiver, Pres. <& Gen. Mgr.; Geo. A. Blackmore, Sec. & Treas.; Hugh W. Taylor, Aud., Bristol, Tenn. GEN-
ERAL OFFICE, Bristol, Tenn.

SOUTH BBUNSWICK BY.— Waynesville to South Brunswick, Ga., 17.5 miles. Gauge, 4 ft. 9 in.
Rail (steel), 60 Ibs. Chartered Aug. 10, 1895, as successor to the South Brunswick Terminal RR. Co., whose prop-
erty was sold under foreclosure Aug. 6, 1895. Road opened as above in 1889. Cars (flat), 10.

Operations.— All information refused.

Financial Statement, Jv.ne 30, 1897.— Capital stock (shares, $100) authorized and paid in, $500,000.
Funded debt— 1st mtge. 5 p. c. 20-yr. $1.000 gold bonds, dated Dec. 16, 1895, due 1916, interest Jan. and July, at
the office of the trustee, Holland Trust Co., New York, N. Y.; authorized and outstanding, $500,000.

Directors.— A. J. Crovatt, Bowling Whitefleld, Geo. M. Monk, A. Emerson Eve, Brunswick, Ga.; Chas.
Siedler, Hiram R. Steele, John B. Kerr, New York, N. Y. OFFICERS: CHARLES SIEDLER, Pres.; Hiram R.
Steele, Sec. & Treas., New York, N. Y. ; A. J. Crovatt, Atly., Brunswick, Ga. GENERAL OFFICE, Brunswick, Ga.

SOUTH GEOBGIA BB.— Heartpine to Quitman, Ga., 28 m.; sidings, 2 miles. Gauge, 4 ft. 8i in.
Rail (steel), 40 Ibs. Chartered March 20, 1896; road opened as above late in 1896. Locomotives, 3. Cars — passen-
ger, 1; baggage, etc., 1; freight (bos), 9 — total, 11. No report of operations received from company.

Financial Statement, Jan. 1, 1897 (latest rendered).— Capital stock subscribed, $65,000; paid in, $60,000.
Funded debt authorized and outstanding consists of $30,000 1st mtge. 8 p. c. ponds, due yearly, 1898-1903, interest
payable annually at Quitman, Ga.— total stock and bonds, $90,000; other liabilities (to stockholders), $8,000. Cost
of road, etc., to date, $98,000. Trustee of bonds: F. J. Spain, Quitman, Ga.

Directors.— J. W. Oglesby, Z. W. Oglesby, F. J. Spain, J. W. Hopson, R. C. Mclntoeh, J. G. McCall,
Quitman, Ga.; J. J. Oglesby, Ladonia, Tex.; J. W. Hitch, Morvin, Ga.; One vacancy. OFFICERS : J. W. OGLESBY,
Pres.;J. W. Hopson, Vice-Pres.; John Tillman, Sec. & Treas.; Z. W. Oglesby, Supt.; J. A. le Conte, Auditor,
Quitman, Ga. GENERAL OFFICE, Quitman, Ga.

STILLMORE AIB LINE BY.— Collins to Swainsboro1, Ga., 33 m. ; total track (steel ; 40 and 56 Ibs.),
36.3 miles. Gauge, 4ft. 8J in. Chartered Nov. 17, 1892 ; road opened in July, 1893. Connection is made at
Collins with the Georgia and Alabama Ry. and the Collins and Riedsville Ry., at Stillmore with the Millwn and
Southern, and at Swainsboro' with the Midville, Swainsboro' and Red Bluff Ry. Owns 4 locomotives and rents
the rest of the equipment.

Operations, year ending June 30, 1897.— Gross earnings, $36,713. Operating expenses, $19,244. Net
earnings, $17.469.

Financial Statement, Dec. 31, 1895 (latest rendered).— Capital stock ($100 shares), $250,000 authorized
and subscribed ; paid up, $175,000. Funded debt consists of $100,000 1st mtge. 10-yr. $1,000 gold 6s of 1903, in-
terest Jan. and July, in Savannah, Ga., and New York, N. Y. Cost of road, etc., as completed, $175,000. Trus-
tee of bonds : Farmers' Loan and Trust Co., New York, N. Y.

Directors.- Geo. M. Brinson, W. T. Comer, Stillmore, Ga.; T. S. Wylly, Jr., J. W. McAlpin, Jr,, W. H.
W. Schley, Savannah, Ga. OFFICERS : GEO. M. BRINSON, Pres. & Supt.; W. T. Comer, Aud. & Gen. Agt., Still-
more, Ga. GENERAL OFFICE, Stillmore, Ga.

SUFFOLK AND CABOLINA BY.— Suffolk, Va., to Montrose, N. C., 39 m.; total track (steel, 44.5
m.), 50 miles. Rail, 30 and 40 Ibs. Gauge, 3 ft. 6 in. Chartered as the Nansemond Land, Lumber and Narrow
Gauge Ry. Co. in 1873. Name changed to existing title Feb. 26, 1874. Locomotives, 4. Cars— passenger, 4; bag-
gage, etc., 1 ; freight (box, 6; flat, 38), 44 ; log trucks, 66— total, 115.

Operations, year ending June 30, 1897.— Trains run (mixed, 38,877; other, 5,900), 44,777 miles. Passengers
carried, 8,451 ; carried one mile, 159,929. Tons moved, 43,276 ; ton-miles, 970,082. Earnings (passenger, $4,300 ;
freight, $37,863 ; other, $6,442), $48,605. Operating expenses, $29,886. Net earnings, $18,710 ; other receipts,
$605— total, $19,316. Payments : Interest on bonds, §8,400; taxes, $1,051; dividends (1 p. c.), $4,000— total, $13,-
451. Surplus, $5,864 ; surplus forward, $56,779— total, $62,643.

174 POOR'S MANUAL — SOUTH ATLANTIC GROUP.

Financial Statement, June 30, 1897.— Capital stock (auth.. $500,000 ; shares, $100), $400,000 ; funded
debt (gen. 1st mtge. 6 p. c. bonds, interest yearly; autb., $150,000), $140,000; bills payable, $4,785; accounts,
$10,225 ; profit and loss, $48,779— total, $603.788. Contra: Cost of road, etc., $503,982; real estate, etc., $44,458 ;
other property, $17,977; materials, $332 ; bills receivable, $9,584; accounts, $22,455 ; cash, $5,001— total, $603,788.
Interest payable at Baltimore, Md.

Directors (elected Oct. 14, 1897).— Wm. H. Bosley, C. H. Tilghman, S. P. Ryland, Douglas H. Thomas,
John M. Denison, Chas. F. Pitt, Jr., Geo. B. Baker, J. H. Cottman, Baltimore, Md. OFFICERS : WM. H. BOSLET,
Pres.; Chas. H. Tilghman, Vice-Pres.; J. H. Cottman, 2tf Vice-Pres.; Wm B. Oliver, Treas.; Jno. S. Gittings,
Sec., Baltimore, Md. ; C. L. Hutchings, Auditor; Geo. L. Barton, Supt., Suffolk, Va. GENERAL OFFICE, Suffolk. \ a.

SULPHUR MINES RE,.— Mineral City to Sulphur Mines, 3.4 m.; total track (steel; 56 Ibs.), 4 miles.
Gauge, 4 ft. 8^ in. Chartered March 7, 1884, and built and owned by the Sulphur Mines Co. of Virginia.

Directors.— S. D. Crenshaw, S. G. Wallace, John H. Montague, W. H. Urquhart, Richmond, Va.; W. G.
Crenshaw, Jr., Baltimore, Md. OFFICERS: S. D. CRENSHAW, Pres. & Treas.; Thos. Armstrong, Sec., Rich-
mond, Va. Sulphur Mines Co.'s office, 7 and 8 Crenshaw Warehouse, Richmond, Va.

SUBBY, SUSSEX AND SOUTHAMPTON BY.— Scotland, Va., to Airfield, Va., 28.10 m.; sid-
ings, 4 miles. Rail (steel), 25 Ibs. Gauge, 3 ft. Chartered May 16, 1886 ; road opened as above durinar the fiscal
year 1893-94. Locomotives, 9. Cars— passenger, 1 ; freight (box, 3 ; flat, 30), 33— total, 34.

Operations, year ending June 30, 1897.— Earnings (passenger, $1,752 ; freight, $63,362 ; other, $105), $t*5,-
219. Operating expenses, $51,856. Net earnings, $13,363. Payments: Interest, $7,600; taxes, $1,272— total,
$8,872. Surplus, $4,491 ; surplus forward, $4,536— total, $9,027.

Financial Statement, June 30, 1897.— Capital stock (shares, $100 ; auth., $500,000), $50,000; current
liabilities, $154,435 ; reserved accounts, $65.976 ; profit and loss, $9,027— total, $279,438. Contra: Cost of road,
$279,225 ; cash and accounts, $213— total. $279,438.

Directors.— R. T. Waters, Francis E. Waters, Baltimore, Md.; John Walter Smith, John P.Moore, Snow
Hill, Md. OFFICERS: R. T. WATERS, Pres. & Gen. Mgr., Baltimore, Md.; J. Walter Smith, Vlce-Pres., Snow
Hill, Md.; F. E. Waters, Sec. & Treas., Baltimore, Md. GENERAL OFFICE, 507 Merchants Bank Building, Balti-
more, Md. Operating Office, Dendron, Va.

SYLVANIA BB.—Sylvania to Rocky Ford, Ga.,15m.; total track (rail, 42 Ibs.), 16.5 miles. Gauge,
4 ft. 9 in. Chartered Jan. 3, 1884 ; road completed in April, 1885. The Central Ry. Co. of Ga. supplied iron and
materials, and holds a mortgage on the road theiefor. Locomotive, 1. Passenger car, 1.

Operations, year ending June 30, 1897.— Gross earnings, $10,108. Operating expenses, $8,837. Net earr-
ings, $1,271. All information as to financial condition, etc., refused.

Directors (elected Jan., 1898).— P. D. Daffln, U. H. McLaws, Savannah, Ga. ; T. W. Oliver, G. W. Waters, S.
W. Mims, L. H. Hilton, C. Frawley, G. M. Oversireet, B. F. Scott, W. L. Mathews, Sylvania, Ga. OFFICERS : L. H.
HILTON, Pres. <& Gen. Mgr.; G. M. Hill, Treas.. Sylvania, Ga.; U. H. McLaws, Sec., Savannah, Ga.; Miss Jessie
Dell, Aud., Sylvania, Ga. GENERAL OFFICE, Sylvania, Ga.

TALBOTTON BB.— Talbotton to Bostwick, Ga., 7 m. ; total track, 7.5 miles. Rail, 45 Ibs. Gauge, 4 ft.
8i in. Chartered Aug. 23, 1872 ; road opened May 4, 1881. Locomotives, 2. Cars— passenger, 2 ; baggage, 1 ;
freight, 1— total, 4.

Operations, year ending June 30, 1897.— Gross earnings, $9,155. Operating expenses, $8,092. Net earn-
ings, $1,063.

Financial Statement, June 30, 1894 (latest rendered). — Capital stock, $34,800 ; funded debt, 6 p. c. 20-yr.
$l,00o coup, bonds, dated 1882, interest Jan. and July, $25,000 ; profit and loss, $4.525— total, $64,325. Contra :
Cost of road, etc., $61,180 ; cash, $3,145— total, $64,325. Trustee of bonds: W. M. Wadley.

Directors.— C. J. Thornton, Columbus, Ga.; S. W. Thornton. W. J. Thornton, A. E. Thornton, A. C.
McCoy, Talbotton, Ga. OFFICERS: C. J. THORNTON, Pres., Columbus, Ga.; S. W. Thornton, Sec., Treas. &
Supt.; W. J. Thornton, Gen. Mgr., Talbotton, Ga. GENERAL OFFICE, Talbotton, Ga.

TAVABES AND GULF BB.— Tarares to Oakland, Fla., 28 m.; Wait's June, to Clermoivt, Fla., 6.5
m.— total, 34.5 miles. Rail (steel), 40 Ibs. Gauge, 4 ft. 8} in. Reorganization in April, 1890, of the Tavares,
Apopka and Gulf RR. Co. (See MANUAL for 1893.) Projected to Puma Rassa via Kissiminee and Fort Thomp-
son. Land grant, 9,226§ acres per mile ; making 507,466 acres on 55 m. to Kissimmee City. Locomotives, 3.
Cars— passenger, 3 ; combination, 2 ; mail and express, 2 ; freight (box, 40 ; flat, 17), 57— total, 64.

Operations.— All information refused.

Financial Statement.— Capital stock, $250,000 ; funded debt, 1st mtge. 5 p. c. 25-yr. $1,000 gold coup,
bonds due July, 1915, interest Jan. and July, $290,000— total, $540,000. Trustee of bonds : Mercantile Trust Co.,
New York, N. Y.

Directors.— Henry H. Jackson, Charles Tremain, New York, N. Y.; D. G. Ambler, James P. Taliaferro,
Jacksonville. Fla. OFFICERS: HENRY H. JACKSON, Pres.; Charles Tremain, Vice-Pres., New York, N. Y. ; D.
G. Ambler, Sec., Jacksonville, Fla.; Augustus Tremain, Aud. A Treas., Orlando, Fla. GENERAL OFFICE,
Orlando, Fla.

TIFTON AND NOBTHEASTEBN BB.— Tifton to Fitzgerald, Ga., 25 miles. Sidings, 0.5 mile
Gauge, 4 ft. 8j in. Rail (steel), 60 Ibs. Chartered Oct. 5, 1891 ; road opened as above May 19, 1896. Locomotives)
2. Cars — passenger, 2 ; combination, 1 ; freight (box), 1 ; other, 1— total, 5.

Operations, year ending June 30, 1897.— Trains run (passenger, 4.700 ; mixed, 31,300), 36,000 miles. Pas-
sengers carried, 22,796 ; carrieol one mile, 292,549. Tons moved, 16,845. Earnings (passenger, $8,684 ; freight,
$14,427 : other, $3,220), $26,332. Operating expenses, $19,397. Net earnings, $6,935. Payments : Interest on
bonds, $3,000 ; other payments, $3,934— total, $6,934.

Financial Statement, June 30, 1897.— Capital stock (auth., $100,000 ; shares, $100), $75,000 ; funded debt
(1st mtge. 6 p. c. 10-yr. bonds, due March 1, 1906, interest March 1 and Sept. 1, in New York. N. Y.), $50,000 ; bills
payable, $18,384; permaneni improvement, $7,680— total, $151,064. Contra: Cost of road, etc., $146,760; ma-
terials, etc., $613 ; other property and assets, $1,317 ; profit and loss, $2,174— total, $151,064. Trustee of bonds :
State Trust Co., New York, N. Y.

Directors.— H. H. Tift, Bessie W. Tift, W. O. Tift, E. H. Tift, Tifton, Ga.; W. W. Bacon, Albany, Ga.
OFFICERS : H. H. TIFT, Pres. & Treas.; W. O. Tift, Vice-Pres.; E. H. Tift, Sec.; E. Jame? Williams, Aud.; F.
G. Boatright, Traf. Mgr., Tifton, Ga. GENERAL OFFICE, Tifton, Ga.

WADLEY AND MOUNT VEBNON BB.— Projected : Wadley to Fitzgerald, Ga. 105 miles.
Completed : Wadley to Ricksville, Ga., 29.1 m.; total track (steel, 24.1 m.), 31.1 miles. Rail— iron, 40 Ibs.; steel,
52 and 56 Ibs. Gauge, 4 ft. 9 in. Chartered April 30, 1890 ; road opened in 1889. (See MANUAL for 1892.) Loco-
motive, 1. Cars— passenger, 2 ; box, 2.

Operations, year ending June 30, 1897.— Gross earnings, $39,944. Operating expenses, §17,106. Net earn-
ings, $22,833.

Financial Statement (latest rendered).— Capital stock ($100 shares), $200,000 ; other liabilities, $32,680—
total, $232,680. Contra : Cost of road, etc., $146,735. Estimated cost of completed road, etc., $375,000.

Directors.— T. J. James, W. O. Donovan, S. B. Perkins, G. D. Tysor, Wadley, Ga. OFFICERS ; T J.
JAMES, Pres.; D. G. Tysor, Gen. Mgr., Sec., Treas. & Aud., Wadley, Ga. GENERAL OFFICE, Wadley, Ga.

POOR'S MANUAL OF RAILROADS. 175

WABBENTON BB.— Warrenton to Warren Plain*, N. C., 3 m. ; total track, 3.12 miles. Gauge, 4 ft. 9
in. Organized April 21, 1876; road opened Nov., 1884. Locomotive, 1. Care— passenger, 1 ; freight (flat), 1—
total, 2.

Operations, year ending June 30, 1897.— Earnings (passenger, $943; freight, $3,026; other, $377), $4,345.
Operating expenses, $2,365. Net earnings, $1,980. Payments: Interest on bonds, $590; other payments, $1,050
—total, $1,040. Surplus, $340.

Financial Statement, June 30, 1897.— Capital stock, $12,300; funded debt, $7,000— total, $19,300.
Contra: Cost of road, etc., $16,750; real estate, etc., about $1,000.

Directors.— Jere. Draper, C. A. Cook, W. B. Boyd, J. G. King, W. J. Norwood, Warrenton, N. C.
OFFICERS: W. J. WHITE, Pres.; 3. M. Gardner, Sec. & Treas.; O. P. Shell, Gen. Mgr., Warrenton, N. C. GEN-
ERAL OFFICE, Warrenton, N. C.

WELLINGTON AND POWELLSVILLE "KB..— Projected : Wellington to Powellsville, N. C.,
25 no.; with branch from Dukesville to Coleraine, 8.5 m — total, 33.50 miles. Completed, Dec. 31, 1897: Welling-
ton to Powellsville, N. C., 22 miles. Sidings, 6 miles. Gauge, 3 ft. Rail (steel), 20 and 30 Ibs. Chartered Oct.,
1893, as successor to the Cashie and Roanoke RR. Co.; rechartered Feb. 13, 1897. Construction is now (Jan.,
1898), nearly completed on a line from Ahoskie to Windsor, N. C., connecting at the former place with the Atlan-
tic Coast Line. Locomotives, 3. Cars— passenger, 1 ; freight (flat), 3; other, 45— total, 49.

Operations, year ending Dec. 31, 1897.— Gross earnings, $29,896. Operating expenses, $29,704. Net earn-
ings, $192.

Financial Statement, Dec. 31, 1897. -Capital stock (auth., $300,000; subscribed, $250,000) paid in, $135,-
, 000. Contra; Cost of road, etc., $127,490; other property and assets, $7,510.

Directors.— Lewis Hahn. New York, N. Y.; W. D. Pruden, J. W. Branning, H. Q. Donnan, C. S. Vann,
Edenton, N. C.; Horton Corwin, Jr., Philadelphia, Pa.; C. E. Branning, Branning, N. C. OFFICERS: J.W.
BRANNING, Pres. & Gen. Mgr., Edenton, N. C.; Horton Corwin, Jr., Sec. &, Treas., Philadelphia, Pa.; C. E.
Branning, Gen. Supt., Branning, N. C. GENERAL OFFICE, Edenton, N. C.

WEST VIBGINIA AND NOBTHEBN BB.— Tnnnelton to Kingwood, W. Va., 10.50 m.; total
track (steel, 10.50 m.), 10.91 miles. Rail, 60 Ibs. Gauge, 4 ft. Si in. Successor, Dy change of name, in 1895, to
the Tunnelton. Kingwood and Fairchance RR. Co. (See MANUAL for 1895.) Locomotive, 1. Cars— passenger, 1 ;
freight, 1; other, 4— total, 6.

Operations.— A U information refused.

Financial Statement, May 15, 1896 (latest rendered).— Capital stock (auth., $150,000; subscribed, $100,-
000) paid in, $76,000. Funded debt authorized and outstanding consists of $50,000 1st mtge. 6 p. c. 10-yr. bonds,
"" due July 1, 1910, interest Jan. and July at the office of the trustee, Bank of Kingwood, Kingwood, W. Va.

Directors. — Geo. C. Sturgiss, R. A. Vance, Morgantown, W. Va.; J. A. Martin, J. W. Parks, Geo. A.
Walls, Kingwood, W. Va. OFFICERS : GEO. C. STTRGISS, Pres., Morgantown, W. Va. ; J. A. Martin, Vice-Pres.,
Sec. & Gen. Mgr.; E. C. Todd, Treas., Kingwood, W. Va. • GENERAL OFFICE, Kingwood, W. Va.

WEST VIBCUNIA AND SOTJTHEBN BY.-Brownstown, W. Va., to Pocahontas, W. Va., 125
miles. Completed, Dec. 31, 1897 : Brownstown to Atherton, W. Va., 7 m. ; sidings, 3 miles. Gauge, 4 ft. 84 in.
Rail (steel), 56 Ibs. Chartered Jan. 1, 1898, and purchased the property and franchises of the West Virginia
. Southern Ky. Co., chartered July 10, 1895 (see MANUAL for 1897). Road opened Feb., 1896. Being built to
develop the coal fields lying between the C. & O. Ry. and the N. & W. RR. Locomotive, 1. Cars— passenger, 1;
freight, 1.

Financial Statement Jan. 1, 1898.— Capital stock authorized, $2,000,000; paid in, $100,000. Cost of
road, etc., to date, $200,000. Estimated cost of completed road, $2,500,000. Financial agent in New York, J. D.
Thompson, 66 Broad way.

Directors.— Jos. Renshaw, R. T. Herndon, C. C. Herndon, B. C. Renshaw, R. G. Quarrier, Charleston, W.
Va. OFFICERS: R. T. HERNDON, Pres.; Jos. Renshaw, Vice-Pres.; B. C. Renshaw, Sec., Charleston, W. Va.
GENERAL OFFICE, Charleston, W. Va.

WHEELING BBIDGE AND TERMINAL BY.-Wheeling, W. Va., to Terminal June. O., 5.27
m.; Wheeling to i Benwood, 3.68 m.; Peninsular to B. &O. Junct., 0.7m.— total, 9.65m.; total track (steel ; 60and
70 Ibs.), 17.37 miles. Gauge, 4 ft. 9 in. Wheeling and Harrisburg RR. and Elm Grove and State Line Ry. con-
solidated March 11, 1884, as Wheeling and Harrisburg Ry. of W. Va. Name changed Sept. 12, 1889. Bridge, etc.,
opened Sept 11, 1890. Supplies bridge and terminal facilities to connecting railroads. The Martins Ferry Ter-
minal Ry., previously operated, was absorbed April 20, 1893. Receiver appointed Sept. 20, 1893. Locomotives, 4.
Cars— passenger, 2; freight (flat), 12— total, 14.

Operations, year ending June 30, 1897.— Trains run (passenger, 7,335; other, 70,400), 77,735 miles. Pas-
sengers carried, 21,498 ; carried one mile, 107,490. Earnings (passenger, $3.203 : freight, $75,513 : other, 82,274),
$80,990. Operating expenses, $60,352. Net earnings, $20,638: other receipts, $12,134— total, $32,772. Paid taxes,
$8,805. Surplus, $23,967 ; surplus forward, $45,682— total, $69,649. Gross earnings, year ending Dec. 31, 1897,
$97,409. Operating expenses, $73,193. Net earnings, $24,216.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $1,500,000 ; funded debt, $3,500,000 ;
overdue and deferred coupons, $1,110,000— total, $6,110,000. Contra: Cost of property, $4,917,508; securities
owned, $69,300; bills receivable, $3,936; accounts, $1,103; cash, $51.079; profit and loss, $69,649; deficit. $997,425
—total, $6,110,000. On Feb. 14, 1898, the receiver had on hand certificates of deposit amountingto $56,400, accrued
interest, §846, and cash to the amount of $6,014, besides uncollected bills amounting to $8,000 due from other rail-
roads, and for rentals, etc.

Funded debt, June 30. 1897 : $2,000,000 1st mtge. 6 p. c. 50-yr. $1,000 coup, bonds, due Dec. 1, 1939. interest
June and Dec., and $1,500,000 2d mtge. 6 p. c. 50-yr. $1,000 coup, bonds, due Oct. 1, 1940, interest March and Sept.
Interest payable in New York and Boston. Trustee : Washington Trust Co., New York, N. Y.

Directors.— C. O. Brewster, J. Kennedy Tod, H. W. Hayden. H. B. Laidlaw, John A. Rutherford, New
York, N. Y.; R. H. Stearns, W. B. Thomas, BoV'c.n, Mass.; N. E. Whitaker, W. A. Wilson, Wheeling, W. Va.
OFFICERS : C. O. BBEWSTKR, Pres. & Sec., 32 Liberty St., New York, N. Y.; John A. Rniherford, Vice-Pres.;
H. W. Hayden, Sec. & Treas., New York, N. Y.; J. E. Taussig, Supt., Wheeling, W. Va. GENERAL OFFICE,
Wheeling, W. Va.

WILMINGTON SEA COAST BB.— Wilmington to Atlanta Station, N. C., 11.81 miles. Rail
(steel), 45 Ibs. Gauge, 4 ft. 9 in. (For history see MANUAL for 1893.) Locomotives, 2. Cars— passenger, 10 ;
freight (box, 1 ; refrigerator, 1), other, 2— total, 14.

Operations, year ending June 30, 1897.— Earnings (passenger, $15,152 ; freight $2,902 ; other, $392), $18,-
446. Operating expenses, $16,454. Net earnings, $1,992. Payments: Interest on bonds, $1,200 ; taxes, $515 —
total, $1,715. Surplus, $277.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $150,000 ; funded debt (6 p. c. 20-yr.
bonds, dated Oct. 1. 1891, interest April and Oct.; auth., $50.000), $20,000 : current liabilities, $32,255 ; accrued
interest, not yet payable, J300— total, $202,555. Contra: Cost of road and equipment, $159,512; lands owned,
$7,473-total, $166,985. Excess of liabilities, $35,570.

Directors.— B. G. Worth, G. R. French, Wm. A. Chadbourn, G. H. Smith, Geo. L. Morton, Oscar Pearsall,
James H. Chadbourn, Jr., Wilmington, N. C. OFFICERS : GEO. R. FRENCH, Pres.; W. P. Toomer, Sec. & Treas.;
R. Oscar Grant, Supt., Wilmington, N. C. GENERAL OFFICE, Wilmington, N. C.

176 POOR'S MANUAL-^GULF AND MISSISSIPPI VALLEY GROUP.

WINIFREDS RB,.— Winifrede June, to Winifrede, W. Vs., 4.54 m.; Winifrede to coal mines, 2.5 m.;
total track (steel ; 56 Ibs.), 9.64 miles. Gauge, 4 ft. 9 in. Chartered in Nov., 1881 ; road opened in 1882. The
Winifrede Coal Co., a distinct corporation, has a capital stock of $600,000 (no bonds or other debt), of which $450,-
000 is paid in, and owns 10,000 acres of coal lands, a portion of which is developed by this road. Locomotives, 3.
Cars —passenger, 1 ; flat, 5 ; coal, 205 — total, 211.

Operations. — All information refused.

Financial Statement, June 30, 1894 (latest rendered).— Capital stock (auth., $200.000), $150,000 ; ac-
counts, $17,592 ; profit and loss, $73,356— total, |240,948. Contra : Cost of road, etc., $215,136 ; other assets, $25,-
812— total, $240,948.

Directors.— Paul Farnum, Charles C. Savage, Wm. Cochran, John P. Logan, Thos. E. Baird, Samuel F.
Houston, R. J. C. Walker, Philadelphia, Pa.; G. K. Richardson, Boston, Mass. One vacancy. OFFICERS:
THOS. E. BAIRD, Pres.; Samnel F. Houston, Vice-Pres.; D. W. Chandler, Sec. & Treas., Philadelphia, Pa.;
R. B. Cassady, Supt., Winifrede, Kanawha Co., W. Va. GENERAL OFFICE, 218 South 4th St., Philadelphia, Pa.

"WINTON RR. AND LUMBER CO.— St. Johns to Winton, N. C., 15 miles. Sidings, 5 miles. Char-
tered March 11, 1889. Operated by the Winton Lumber Co., principally for transporting logs. Gauge,4ft. Rail,
25 Ibs. Locomotives, 3. Cars (flat, 1 ; logging, 40), 41. Gross earnings, year ending June 30, 1897, $17,653 ; op-
erating expenses, $12,883 ; net earnings, $4,770. Capital stock, $30,000. Cost of road, $45,000 ; of equipment,

Directors. — P. D. Camp, R. J. Camp, J. L. Camp, W. N. Camp, Franklin, Va.; George Cawper, Winton,
N. C. OFFICERS: P. D. CAMP, Pres.; R. J. Camp, Treas., Franklin, Va.; G. W. Cawper, Sec., Winton, N. C.
GENERAL OFFICE, Franklin, Va.

WRIGHTS VILLE AND TENNILLE RR.-Tennille to Dublin. Ga., 36 m. ; total track, 37.50 miles.
Rail— iron, 45 Ibs ; steel (37 m.), 50, 56, and 60 Ibs. Gauge, 4 ft. 9 in. Successor to the Wrightsville and Sun-
hill RR. Co., Dec., 1883; consolidated with Dublin and Wrightsville RR. Co., Dec. 1, 1886. Gauge, 4 ft. 9 in.
Locomotives, 3. Cars — passenger, 3 ; combination, 2 ; 1'reight (flat), 19 — total, 24.

Operations, year ending June 30, 1897.— Trains run (passenger, 27,540 ; freight, 42,740). 70,280 miles. Pas-
sengers carried, 48,590 ; carried one mile, 753,906. Tons moved, 85,349 ; ton-miles, 1,860,271. Earnings (passenger,
$19,766 ; freight, $60,285 ; other, $7,116), $87,166. Operating expenses, $52,952. Net earnings, $34,215. Pay-
ments from net earnings not reported.

Financial Statement, July 1, 1897.— Capital stock (shares, $25 : preferred, $70,000 ; common, $50,875),
$125,875 ; dividends unpaid. $5,185 ; bridge fund, $500 ; profit and loss. $125,478— total, $252,038. Contra : Cost
of road, etc., $232,579; real estate, $3,983; cash, $13,851 ; current accounts, $1,534; suspense account, $91 —
total, $i52,033. The Central Ry. Co. of Georgia owns the entire issue of preferred stock. Preferred stock is non-
cumulative and carries preference for dividends up to 6 p. c. Interest on bonds payable at the Southern Bank
of State of Georgia, Savannah, Ga.; trustee, President of the Central Ry. Co. of Georgia.

Directors (elected Jan. 10, 1898).— G. W. PerRins, J. W. Smith, Tennille, Ga. ; C. R. Pringle, R. L. Warthen,
Sandersville, Ga.; A. F. Daley, Wrightsville, Ga.; Chas. Hicks, Jas. M. Finn, Dublin, Ga.; H. M. Comer, J. S.
Wood, Savannah, Ga. OFFICERS : G. W. PERKINS, Pres.& Supt.; D. R. Thomas, Sec. & Treas.; Chas. C. Brown,
Aud., Tennille, Ga. GENERAL OFFICE, Tennille, Ga.

YELLOW RIVER RR.— Crestview, Fla., to Florala, Ala., 27 m.; spur to Yellow River, 4 m.— total,
Similes, Gauge, 4 ft. 8J in. Rail (steel, 32 m.), 30 Ibs. Chartered in Dec.. 1887. Started in May, 1888, as an
incorporated logging road, but was opened for regular freight and passenger traffic in May, 1894. Authoiity has
been applied for to build an extension into Alabama. The road connects at Crestview with the Louisville and
Nashville RR. The L. & N. RR. Co. supplies box and flat cars for the transportation of all freight sent over its
lines by this company and also supplies passenger coaches for special occasions. Locomotives, 2. Cars — pas-
senger. 1 ; freight (flat), 17 : caboose, 1— total cars, 19. Capital stock, $100,000.

Directors.— W. B. Wright, V. H. Wright, J. S. Reese, Pensacola, Fla. OFFICERS : J. S. REESE, Pres.; V.
H. Wright, Vice-Pres.; W. B. Wright, Treas. & Gen. Mgr., Pensacola, Fla.; E. Ewing Reese, Sec.; J. H. Givens,
Supt., Laurel Hill, Fla. GENERAL OFFICE, Laurel Hill,' Fla.

GULF AND MISSISSIPPI VALLEY GROUP— States of Ken-
tucky, Tennessee, Alabama, Mississippi, and Louisiana.

' Railroads associated with others, forming Systems, or those reporting for the calendar year, if not in
alphabetical order following, may be found by referring to the GENERAL INDEX.

LOUISVILLE, HENDERSON AND ST. LOUIS RAILWAY COMPANY.

Main Line of Road. — Henderson, Ky., to West Point, Ky 121.4 m.

For dswlle Branch: Irvington, Kv.,toFordsville and Falls of Rough, Ky. 43.8 m.

Trackage: Illinois Central RR.": Louisville t > West Point, Ky 20.8 m.— 186.0 miles.

Sidings, etc., 15.74 miles. Gauge, 4 ft. 9 in. Rail (stet'l), 56 and 60 Ibs.

History. — Reorganization, May 29, 1896, of the Louisville, St. Louis and Texas Ry. Co.
(See MANUAL for 1896, p. 231.) Grading is partly completed on proposed extension of main
line from West Point to connection with the Louisville and Nashville RR. a distance of 16.7
miles.

Rolling Stock, June 30, 1897. — Locomotives, 18. Cars — passenger, 12 ; baggage and
mail, 6 ; freight (box, 477 ; stock, 50 ; flat, 51 ; coal, 180), 758 ; other, 1— total cars, 777.

Operations, year ending June 30, 1897. — Train mileage— passenger, 219,060 ; freight,
293,280; other, 5,019— total, 517,359. Passengers carried, 169,578 ; carried one mile, 5,294,-

POOR'S MANUAL OF RAILROADS.

177

000; average mile rate, 2.79 cents. Tons freight moved, 414,988 ; moved one mile, 46,240,590 ;
average ton-mile rate, 0.65 cent.

Income Account, thirteen months ending June 30, 1897. — Earnings — passenger,
$147,742.33 ; freight, $302,942.42; mail and express, $32,200.75 ; miscellaneous, $1,907.57—
total, $484,793.07. Expenses— transportation, $219,541.03 ; maintenance of way, etc., $79,-
313.71 ; of equipment, $42,582.98 ; general, $22,121.59— total, $363,559.31. Net earnings,
$121,23:1.76. Payments ; Interest on bonds, $105,000 ; taxes, $13,000— total, $118,000. Sur-
plus, $3,233.76.

General Balance Sheet, June 30, 1897.

Cost of Road .,..»,.. $5,714,780 85

Value of Rolling Stock 379,525 96

Materials and Fuel on Hand 10,774 72

Current Accounts 79,415 00

Cash on Hand 19,075 57

Bills Receivable 8,650 65

Total Assets $6,212,222 75

Common Stock (shares, $100)... $2,000,00000

Preferred Stock (shares, $100) 2,000,000 00

Funded Debt Outstanding 2,100,000 00

Bills Payable 23,725 65

Current Accounts 53,938 52

Accrued Interest and Taxes 31,324 82

Profit and Loss 3,233 76

Total Liabilities $6,212,222 75

Preferred stock is entitled to 5 p. c. non-cumulative dividends, before any dividend can ,be paid on
common stock.

Voting Trust.— All of the preferred and common stock was issued to John J. McCook, Brayton Ives,
and Oscar Fenley, as trustees, to be held by them Tor ten years, or until the trust shall be terminated by an
instrument in writing, signed by each of the trustees. The trustees issued negotiable trustee certificates,
entitled to all dividends declared, and no sale of stock is to be made without the unanimous vote of the
trustees.

Funded debt consisted of 1st mtge. 5 p. c. 50-yr. $500 coupon bonds, dated June 1, 1896, interest pay-
able Jan. and July in New York, N. Y., and in Louisville, Ky. These bonds are secured by mortgage to the
State Trust Co., New York, N. Y., as trustee, on 165.2 miles of road, covering all the property of the com-
pany, including equipment. First coupon payable Jan. 1, 1897. Provision is made for the issue of $400,000
additional bonds (making the total authorized issue, $2,500,000) for the extension of the main line to Louis-
ville, or for such other absolutely necessary 'improvements as may be approved by the board of trustees.

Directors (elected Sept. 7, 1897). — Attilla Cox, Harry Weisiuger, Oscar Fenley, Jno.
Doerhoffer, Louisville, Ky. ; Jno. H. Barret, Henderson, Ky. ; J. D. Powers, Owensboro, Ky. ;
Charles B. Van Nostrand, Edward M. Post, W. L. Trenholm, New York, N. Y.

ATTILLA Cox, President Louisville, Ky.

Harry Weisinger, Vice-President " "

Treasurer— H. V. Sanders Louisville, Ky. I Secretary— Edwin M. Post New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Louisville, Ky.

MOBILE AND OHIO RAILROAD COMPANY.

(For map of this road, see page 179.)

Main Line of Road. — Mobile, Ala. , to Columbus, Ky 472.0 m.

Cairo Extension : South Columbus, Ky., to E. Cairo, Ky 21.0 m. — 493.0 miles.

Columbus Branch : Artesia, Miss., to Columbus, Miss 14.0 m.

Starkmlle Branch : Artesia, Miss., to Starkville, Miss 11.0 m.

Aberdeen Branch : Muldon, Miss., to Aberdeen, Miss 9.0 m. — 34.0

Leased : St. Louis and Cairo RR. : (For mileage, see page 181) 160.6 "

Total length of lines owned and leased June 30, 1897 687.6 miles.

Sidings, etc. (owned, 104.16m.; leased, 43.51m.), 147.67 miles. Gauge, 4 ft. 8J in. Rail
(steel [owned, 527 m. ; leased, 160.6 m.], 687.60 m.), 56 and 60 Ibs.

History. — Chartered Feb. 3, 1848. Land grant acquired under Act of Congress Sept. 20,
1850. Main line opened April 2, 1861. Company reorganized in 1879. Cairo Extension
opened Nov. 1, 1881.

MONTGOMEBY DIVISION. — The construction of this division (referred to in the MANUAL
for 1897, page 174), from Columbus, Miss., to Montgomery, Ala., with two branches to the
Alabama coal fields, is being vigorously prosecuted (the line from Columbus, Miss., to Tus-
caloosa, Ala., 61 miles, was opened to traffic in April, 1898). This Division, when com-
pleted, will add to the property of the Mobile and Ohio RR. Co. about 168 miles of main
line and about 24 miles of branches. To provide means for its construction and equipment
12

178 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.

the entire proceeds of an issue of $4,000,000 5 p. c. 50-yr. gold bonds are held in trust and
are being applied specifically for that purpose, under the immediate direction and control of
the officers of the M. & O. RR. Co. These bonds constitute a first lien upon the division
itself, including the two branches, and upon its equipment.

Rolling Stock, June 30, 1897. — Locomotives, 116. Cars — passenger, 40 ; passenger and
baggage, 9 ; baggage and mail, 10; express, 11 ; business, 6 ; freight (box, 1,158; fruit, 609;
refrigerator, 299 ; flat, 226 ; coal, 274 ; gondola, 786 ; stock, 121 ; caboose, 44), 3,517 ; way,
49 ; construction, 113 — total, 3,755.

Equipment Bonds to the total amount of $1,495,964.40 have been issued from time to time,
secured upon equipment included above. Of these bonds there were outstanding, June 30,
1897, $147,822.72, in three series, as follows : Series K, $5,822.72 ; Series N, $43,000 ; Series
P, $99,000.

In addition to the foregoing the company in Jan., 1898, contracted for 600 box, 100
fruit and 300 gondola cars and 5 engines to be delivered in May, 1898, and to provide there-
for issued at par $450,000 Series Q equipment bonds bearing interest at 5 p. c. and payable
in ten annual installments.

Operations, year ending June 30, 1897. — See tabulated statement on page 180.

Earnings— Passenger $526,579 40

Freight 2,838,92339

Mail 84,889 37

Express 88,358 28

Miscellaneous 329,107 88

Total ($5,625.16 per mile) $3,867,858 32

Expenses— Conducting Transportation $1,413,530 91

Maintenance of Equipment 428,353 40

Maintenance Way & Buildings. 474,673 43

General 157,442 90

Taxes 109,96207

Total ($3,598.02 per mile) $2,583,962 71

Net earnings (33.19 p. c.), $1,283,895.61. Payments : Interest on bonds (1st mtge.
$420,000; 1st mtge. extension, $60,000; gen. mtge., $361,983.33), $841,983.33; interest on
car trusts, etc., $8,974.22 ; rental (St. Louis and Cairo RR.), $209,168.87 ; principal of car
trust, $77,645.44 ; new equipment (net), $126,805— total, $1,264,576.86. Surplus for year,
$19,318.75. Balance, income account, year 1895-96 ($90,591.77, less 1 p. c. interest dividend
on 1st debentures out of net earnings for the year 1895-96, $53,000), $37,591.77 — total income
as per balance sheet, $56,910.52. In Feb., 1898, the first dividend, 1 p. c., was paid on the
capital stock of the company.

Profit and Loss Account, year ending June 30, 1897.— Balance, June 30, 1896, $625,-
021.01 ; interest dividend on debentures held in trust (for sinking fund, $15,545 ; for gen.
mtge., $37,455), $53,000; discount on debentures exchanged for gen. mtge. bonds, $1,000 ;
dividend Gulf City Dry Dock stock, $112 ; land department profit and loss (discount on
debentures purchased, etc.), $10,225.39— total, $689,358.40. Contra : Paid State of Ten-
nessee under protest, Dec., 1889, account taxes now charged off, $5,130.25; paid State
of Tennessee, compromise, Dec., 1896, $37,000 ; sundry adjustment of accounts, $1,832.69 ;
balance, June 30, 1897, $645,395.46— total, $689,358.40.

General Balance Sheet, June 30, 1897.

Cost of Property and Equipment $22,669,054 07

Land Depart't— Lands, Cash, Notes, etc. 335,065 17

Stocks and Bonds in Treasury* 2,979,050 35

Cash 246,044 93

Due from Agents 103,627 13

Cash on Special Deposit in New York... 43,540 00

Bonds on Special Deposit in New York.. 2,685 00

Materials on Hand 131,510 88

Other Railroad and Individual Balances. 188,693 47

Total Assets , $26,699,27100

Capital Stock (shares, $100) $7,680,00000

Funded Debt 17,646,300 00

Car Trusts— K, N, P 147,822 72

Interest Due and Unpaid 46,330

Interest Accrued, not Due 155,433 33

Accounts Payable and Pay Bolls 238,049 69

Other Railroad and Individual Balances. 38,860 61

Rental Due and Unpaid 44,16887

Profit and Loss Account, General 645,395 *6

Income Account 56,910 52

Total Liabilities $26,699,271 00

» Consisting of— company's stock, $4,000; ditto, issue of 1873, $2,359,400; gen. mtge. bonds of 1888, $601,-
500; gen. mtge., F. L. & T. Co., $7,415; other securities, $6,735.35— total, $2,979,050.35.

The authorized share capital ia $10,000,000, of which $5,320,600 is outstanding, $2,350,-
400 issue of 1873 is in the treasury of the company, and $2,320,000 remains unissued.

The right to vote on a majority of the stock (designated " assented " ), is vested in the
Farmers' Loan and Trust Co., as trustee of the gen. mtge., in trust for the benefit and secur-
ity of the debentures, until these are extinguished.

MAP OF THE

MOBILE & OHIO B. R.

AND CONNECTIONS.

179

180

POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GKOUP.

Statement of operations, etc., for eight fiscal years, (including St. L. & C. RR.):

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad Operated
Passenger Train Miles

687.60
795,159
1,588,050
617,215
19,586,735
1,456,543
255,775-055
$
462,314
2,333,020
378,098

687.60
876,009
1,851,685
685,854
20,371,267
1,645,296
306,192,330

s

479,691
2,653,444
426,003

687.60
891,134
1,754,380
648,456
19,985,202
1,605,918
302,096,982

• s

W 462,776
2,554,407
426,577

687.60
875,631
1,674,874
706,896
20,389,924
1,689,794
300,273,075
$
475,462
2,433,219
449,790

687.60
878,143
1,614,368
624,826
20,148.588
1,546.398
286,347,179

442,853
2,387,802
423,036

687.60
932,318
1,696,725
598,194
20,416,878
1,608,632
286,271,309

441,959
2,417,733
410,298

687.60
1,095,997
1,924,385
705,605
25,505,304
1,829,588
340,21 7,C3(
$
542,242
2,623,27f
453,553

687.60
1,091,709
2,229,448
660,439
24,324,571
2,096,006
409,608,065
$
52«,579
2,838,923
502,356

Freight Train Miles

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Passenger Earnings

Freight Earnings

Other Earnings

Gross Earnings

3.173,432
2,102,513

3,559,138
2,343,425

3,443,760
2,357,467

8,358,471
2,259,189

3,253,691
2,036,719

3,269,990
2,154,487

3,619,071
2,325,202

3,867,858
2,583,963

Operating Expenses

Net Earnings

1,070,919

712,925
93,504
172,128

1,215,713

792,850
85,736
191,914

1,086,293

798,520
59,821
185,790

1,099,282

798,080
63,209
183,093

1,216,972

797,587
63,573
176,163

1,115,503

800,767
55,600
177,987

1,293,869

844,037
18,846
196,748
143,645

1,283,896

841,983
8,974
209,169
77,645
126,805
19,319

5,625 16
3,598 02
1,867 22
66.81 p. C.
2.16 C.
0.69 c.

527.00
631.16
116
49
27
3,679
S
7,680,000
17,646,300
147,823

Bond Interest

Other Interest

Lease Rentals . ...

Principal of Car Trusts

New Equipment

Surplus

92,302

4,615 23
3,057 76
1,557 47
66.25 p. C.
2.36 c.
0.91 c.

627.00
614.74
98
41
23
3,041

7,680,000
16,339,230
674,567
475,166
445,596
839,293

145,213

5,176 18
3,408 12
1,76806
65.84 p. c.
2.35 c.
0.87 c.

527.00
617.90
110
41
25
3,514
$
r,680,000
16,231,165
775,487
307,884
546,806
695,227

42,162

5,008 38
3,428 58
1,579 80
68.46 p. c.
2.32 c.
0.84 c.

527.00
620.08
107
41
25
3,621
$
7,680,000
16,283,330
657,832
424,267
510,608
674,520

54,900

4,884 34
3,285 62
1,598 72
67.27 p. c.
2.33 c.
0.81 c.

527.00
626.28
107
51
26
3,688
$
7,680,000
16,223,330
531,568
_ 511,616
0 575,288
521,079

179,649

4,731 95
2,795 56
1,936 39
62.60 p. c.
2.20 c.
0.83 c.

527.00
626.77
105
51
26
4,023
$
7,680,000
17,811,400
555/72
631,688
529,297
521,676

81,149

4,75566
2,962 98
1,792 68
65.82 p. c.
2.16 c.
0.84 c.

527.00
627.45
105
51
25
4,083

7,680,000
17,752,300
369,114

90,592

5,263 34
3,213 56
1,881 72
64.25 p. c.
2.12c.
0.77 C/

527.00
629.70
106
49
27
4,084
$
7,680,000
17,691,300
225,468

Gross Earnings per Mile...
Gross Expenses per Mile. .
Net Earmngsper Mile
Expenses to Earnings
Av. Rate per Pass, per Mil*
Av. Rate per Ton per Mile

Miles of RR. Owned

Miles of Track Owned. . ..

Locomotives

Passenger Cars

Baggage, etc., Cars

Capital Stock

Bonded Debt

Car Trusts

Billi Payable

Accounts Payable

488,664
203,711

533,367
715,613

522,843
702,306

Profit and Loss

Total Liabilities. . .

26,453,852

21,681,777
674,567
501,500
3,030,685
226,764
338,559

26,236,569

21,783,568
775,487
415,304
2,757,050
210,176
294,984

26,230,557

22,001,638
657,832
376,180
2,714,450
166,278
314,179

26,042,881

21,994,469
531,568
359,832
2,708,450
116,612
331,950

27,729,733

21,994,469
555,672
344,601
4,280,420
121,562
433,009

26,493,789

22,183,735
369.114
347,322

2,980,025
138,176
475,417

26,845,747

22,521,231
225,468
351,795
2,980,025
,. 123,985
643,243

26,699,271

22,521,231
147,823
335,065
2,979,050
131,511
584,590

Car Trust

Land Department

Stocks and Bonds

Materials, etc

Total Assets

26,453,852

4,163,400
1,728,900
588,200
872,900

26,236,569

4,031,600
1,777,700
592,000
894,200

26,23(1,551

3,920,500
1,799,600
592,300
894,200

26,042,881

3,860,500
1,799,600
592,300
894,200

27,729,733

3,835,500
1,813,600
597,300
894,200

26,493,789 26.845.747

3,806,600; 3,745,500
1,843,600 1,843,600
597,300 597,300
894,300 894,300

26,699,271

3,703,000
1,844,600
597,800
895,300

Transf . to F. L. & T. Co. :
1st Debentures

2d Debentures

8d Debentures

4th Debentures.

_ Total

7,353,400
1,037,000

7,295,500
1,230,000

7,206,600
1,379,500

7,146,600
1,439,500

7,140,600
1,464,500

7,141,700
1,493,500

7,080,700
«
1,554,500

7,040,700
1,597,000

Held in the Sinking Fund :
1st Debentures

NOTE.— Funded debt in preceding statement is exclusive of debentures transferred to and standing on the
books of the company in the name of the Farmers' Loan and Trust Co.

The funded debt consisted, June 30, 1897, of the following issues":

1st mtge. 6 p. c. bonds, issued May 1, 1879, due in 1927, interest June and Dec ...$7,000,000

1st mtge. extension 6 p. c. 40-yr. bonds, due July 1, 1927, int. quarterly, Jan., April, July, & Oct.. 1,000,000

2d preferred income and sinking fund debentures, 7 p. c., Feb. 1, if earned 5,400

3d preferred income and sinking fund debentures, 7 p. c., Feb. 1, if earned 2,200

4th preferred income and sinking fund debentures, 7 p. c., Feb. 1, if earned 4,700

General mtge. 4 p. c. 50-yr. bonds, due Sept. 1, 1938, interest March and Sept 9,025,085

In addition to the debentures represented in the preceding statement, there were outstanding, July 1,
1897, $3,708,000 1st, $1,844,600 2d, $597,800 3d, and $895,300 4th debentures, making a total of $7,040,700 deben-

POOR'S MANUAL OF RAILROADS — MOBILE AND OHIO RR. CO.

181

tures, transferred to and standing on the books of the company in the name of the Farmers' Loan and Trust
Co., trustee of the general mtge., and $1,597,000 1st debentures held in the sinking fund.

The 1st mtge. ds of 1927 are secured on the main line from Mobile, Ala., to Columbus, Ky., 472 miles.
These are $500 and $1,000 bonds, in coupon form, with privilege of registration; principal payable in gold,
interest in lawful money. The 1st mtge. extension 6s of 1927 are secured an the Kentucky and Tennessee
RR. (Cairo Extension), and are also a first lien on the several branches of the M. & O. RR., 34 m., upon the
transfer and terminal properties in Cairo, 111., and the transfer steamer " W. B. Duncan," and upon the net
income of the road after payment of the expenses of its maintenance and operation and of the interest on
the 1st mtge. bonds. These are $1,000 coupon bonds, with privilege of registration; coupons payable Jan.,
April, July, and Oct. ; principal and interest payable in gold.

The gen. mtge. bonds are in coupon form, with privilege of registration, in denominations of $500 and
$1,000; coupons payable March and Sept. The first coupon was payable March 1, 1889; but no right to enforce
the mortgage security can arise in consequence of failure to pay interest until there shall have been four
successive coupons in default. The bonds are secured on the main line and branches, the K. & T. RR. and
the lands of the company. The interest due March, 1889, was paid in scrip, and that due Sept., 1889, half in
cash and half in scrip; "since March, 1890, all in cash. The total authorized issue is $10,500,000, of which
$9,025,085 are outstanding; $7,415 are held by the Farmers' Loan and Trust Co., to be exchanged for deben-
tures; $601,500 are in the treasury of the company for its general purposes, and $866,000 have been cancelled.

" By the provisions of the general mortgage, the holder of each $500 thereof is entitled to one vote
under the deed of trust of May 15, 1888, at all meetings held for the purpose of directing the Farmers' Loan
and Trust Co. how to vote upon the debentures held by it for the benefit and security of the said general
mortgage bonds, and for this purpose a ' voting register ' has been established at the office of the company
in the city of New York, where such voting power is inscribed in the names of the parties to whom the said
general mortgage bonds may have been originally issued, and where any succeeding holder of the bonds may,
from time to time, have the same inscribed in his own name for voting purposes."

In addition to the several issue of bonds described above there are outstanding $4,000,000 M. & 0. RR.
Co. Montgomery Division 1st mtge. 5 p. c. 50-yr. $1,000 gold coupon bonds, with privilege of registration,
due Feb. 1, 1947, interest payable Feb. and Aug., in the city of New York.

BONDED DEBT, CAR TRUSTS. — A sketch of this company's bonded debt, with special ref-
erence to the general mtge. bonds, and debentures, as also a statement of the car trusts
issued and outstanding from 1882 to 1895, was published in the MANUAL for 1896, p. 235.

Interest payable at the office of the trustee, on all bonds except general mtge. 4s, interest
on which is payable at the Gallatin National Bank, New York, N. Y. Trustee of bonds :
Farmers' Loan and Trust Co., New York, N. Y. Bonds registered at the company's offices
in Mobile, Ala., and New York, N. Y.

Land Department.— Lands in Alabama, 175,665.09 ; in Mississippi, 274,529.04 ; and in
Kentucky, 582.52— total, 450,776.65 acres. Value of lands, $246,976.03. Town lots, etc.
(Alabama, $4,880.32 ; Mississippi, $12,431.39), $17,311.71. Total value, $264,287.74.

Cash balance, June 30, 1896, $2,135.78; land contracts, $102,487.96 ; net proceeds land
sales, rents, timber sales, trespasses, etc., $8,123.61 ; 1st debenture dividends, $15,545 — total,
$128,292.35. Contra: Land contracts cancelled, $28,146.17 ; Istpref. debentures purchased
for account of sinking fund, $29,368.75 ; balance, June 30, 1897 (land contracts, $69,165.93 ;
cash, $1,611.50), $70,777.43— total, $128,292.35.

St. Louis and Cairo RR.— Cairo to East St.
Louis. 111., 151.6 m.; branch, Millstadt June, to High
Prairie, 111., 9 m.— total, 160.6 miles. Sidings, etc.,
43.51 miles. Gauge, 4 ft. 8i in. Rail (steel, 180.12
m.), 60 Ibs. Organized June 14, 1881, and on Feb. 1,
1882, succeeded to the property of the Cairo and St.
Louis RR. Co., which was sold under foreclosure
July 14, 1881. Leased to the Mobile and Ohio RR.
Co. for 45 years from Feb. 1, 1886, the rental being
25 p. c. of 150-640ths of gross receipts of the railroad
from Mobile to East Cairo, and from Cairo to St.
Louis, with its several branches, a minimum of $165,-
000 being guaranteed. (See Manual for 1890. ) A
dividend of one-fifth of 1 p. c. was paid In Feb.,

1896, and two-fifths of 1 p. 0. in Oct., 1896. In
Nov., 1897, two-thirds of 1 p. c. was paid. Finan-
cial Statement, June 30, 1897.— Capital stock, $6,500,-
000; funded debt, $4,000,000; unfunded debt, $80,958;
profit and loss, $53,605— total, $10,634,563. Contra:
Cost of property, $10,500,000; other assets, $134,563
—total, $10,634,563. Funded debt consists of 1st mtge.
4 p. c. 50-yr. $500 and $1,000 gold bonds, due Jan. 1,
1931, interest payable Jan. and July at New York;
guaranteed by lessee. Trustees of bonds: E. L.
Smithers and F. A. Horsey.* F. A. Horsey, Pros. &
Treas., New York, N. Y. ; Paul W. Abt, Sec., East
St. Louis. 111. General Office, 17 and 19 William
St., New York, N. Y.

Board of Directors, Mobile and Ohio RR. Co., elected Feb. 16, 1898.
W. BUTLER DUNCAN, Chairman of the Board New York, N. Y.

James C. CJaike Mobile, Ala.

H. B. Plant New York, N. Y.

Adrian Iselin, Jr..

F. D. Tappen " "

A. H. Stevens New York, N. Y.

C. C. Cuyler

C. Sidney Shepard. "

J. 8. Rogers " "

Thos. E. Jevons. ..New York, N. Y.

E. L. Russell Mobile, Ala.

James H. Fay New York, N. Y.

Jas. H. Masson Mobile. Ala.

E. L. RUSSELL, President , Mobile, Ala.

Richard Carroll, 1st Vice-President and Gen. Manager "

James H. Fay, 2d Vice- President New York, N. Y.

Treasurer and Secretary— Henry Tacon... Mobile, Ala. | General Auditor— R. V. Taylor Mobile, Ala.

PRINCIPAL OFFICE AND ADDRESS Mobile, Ala.

New York Office. . . . . .11 Pine St. I St. Louis Office. . . 3d Nat. Bank Building.

182

POOR'S MANUAL— GULF AND MISSISSIPPI VALLEY GROUP.

WESTERN RAILWAY OF ALABAMA.

Line' of Road.— Selma, Ala., to West Point, Ga 132.01 miles.

Sidings, 23.30 miles. Gauge, 4 ft. 9 in. Rail (steel), 56, 60, 60$, 61£, aud 70 Ibs.

History.— Successor March 15, 1883, to the W. RR. of Ala. (See MANUAL for 1886.)

Rolling Stock, June 30, 1897. — Locomotives, 15. Cars — passenger, 13 ; dining (one-
half interest). 1; baggage, etc., 7 ; freight (box, 262 ; flat, 48 ; coal, 53 ; stock, 10 ; caboose,
3), 376 ; other, 41— total, 438, of which 99 box and 22 coal cars are leased.

Operations, year ending June 33, 1897. — Train mileage — passenger, 263,226; freight,
108,385 ; mixed, 39,808 ; other, 17,667— total, 429,086 miles. Passengers carried, 185,481 ;
carried one mile, 7,707,029; average mile rate, 2.64 cents. Tons freight moved, 408,629 ;
moved one mile, 25,542,497 ; average ton-mile rate, 1.40 cents.

Earnings— Passenger $203,230 43

Freight 356,361 71

Mail and Express 65,539 05

Miscellaneous 11,402 12

Expenses— Conducting Transportation $199,141 84

Maintenance of Equipment 53,877 60

Maintenance Way and Buildings . 95,210 54
General 30,243 77

Total ($4,821 .86 per mile) ................ $636,533 31 Total ($2,867.01 per mile) ............. $378,473 75

Net earnings (40.5 p. c.), $258,059.56 ; add interest and exchange, $3,206.04— total in-
come, $261,265.60. Payments : Interest on bonds, $69,435 ; taxes, $25,518.99 ; dividends
(3 p. c.), $90,000 ; sundries, $39,565.82— total, $224,519.81. Surplus, $36,745.79 ; surplus
forward, $161,443.55— total, $198,189.34.

Capital stock, bonded, debt, revenues, etc., for eight fiscal years, ending June 30 :

1890.
1891.
1892.
1893.
1894.

1896.
1897.

Capital Bonded
Stock. Debt.

$

. .3,000,000
..3,000,000
..3,000,000
..3,000.000
. .3,000,000
..3000.000
..3,000,000
..3,000,000

1 RR. Op- Gross Expfte"r?e8 Net Net Interest
crated. Earnings. T*"" Earnings. Income. Paid.

Balance
( + or-).

1,'543,"000
1,543,000
1.543,000
1,543,000
1,543,000
1.543,000
1,543,000
1,543,000

$

4,'543,000
4,543,000
4,543,000
4,543,000
4,543,000
4.543.000
4,543,000
4,543,000

Miles.
132.01
132.01
132.06
133.10
133.10
133.10
132.01
132.01

566,050
572,220
536,402
409,482
512,022
523.283
579,804
636,533

$

$

*

$

$

1

356,209

209,842

209.842

110,420

+ 99/422

419,978

152,242

158,703

89,927

+40,152

395,586

140,816

141,412

69,435

+ 71,976

378,348

121,133

121,133

69,435

eo.'ooo

-8,302

358,414

153,608

153,608

69,435

60,000

-16,033

369.123

154,160

162.830

69,435

fio.ono

j_ 00 r . 1

391,740

188,064

192,910

69,435

60,000

+ 19,181

403,993

232,540

235,746

69,435

90,000

+36,746

General Balance Sheet, June 30, 1897.

Franchise and Property $4,543,000 00

Real Estate.

New Dining Car and Equipment.

Materials and Fuel on Hand

Current Accounts

Bills Receivable

6,141 91
4,169 07
35,015 93
79,561 47
8,342 93
Cash on Hand 144,622 38

Total Assets.

Capital Stock $3,000,000 00

Funded Debt Outstanding (see below) 1,543,000 00

Interest Accrued not Due 17,358 75

Accounts Payable Vouchers 60,867 45

Current Accounts 1,438 15

Profit and Loss 198,189 34

Total Liabilities $4,820,853

Funded debt consisted, June 30, 1897, of 1st mtge. 4J p. c. 30-yr. $1,000 gold coupon bonds, due Oct. 1,
1918; interest April and Oct., at the office of the Guaranty Trust Co., New York, N. Y., guaranteed by the
Georgia RR. and Banking Co., and the Central of Ga. Ry. Co., by whom the capital stock is jointly owned.
Trustee: Metropolitan Trust Co., New York.

Directors (elected Sept. 7, 1897). — George C. Smith, Atlanta, Ga. ; M. H. Smith, Louig-
ville, Ky.; Jeff. M. Falkner, Montgomery, Ala.; L. Lanier, West Point, Ga.; B. M. Green,
Opelika, Ala.; H. M. Comer, Jno. M. Egan, Savannah, Ga.

GEORGE C. SMITH, Pres. and Gen. Manager Atlanta, Ga.

Secretary & Treasurer— H. M. Abbett Atlanta, Ga. | Auditor — Thomas J. Hunter Atlanta, Ga.

PRINCIPAL OFFICE AND ADDRESS Atlanta, Ga.

ALTAMONT AND MANCHESTER RR.— Altamont to Luceil, Ky., 3.5 m.; total track (steel ; 60
Ibs.), 4 miles. Gauge, 4 ft., 8$ in. Chartered May 24, 1890 ; road completed as above in 1894. Projected from
Altamont to Manchester, Ky., 26 m., to provide an outlet to the coal fields and timber lands of Eastern Kentucky.
Locomotive, 1.

Operations.— All information refused.

Financial Statement.— Capital stock (anth., $200,000), §25,000. Cost of road, etc., $67,500.

Directors.— R. H. Crooke, Richmond, Ky.; W. P. Lincoln, Louisville, Ky.; Win. H. Kinnaird, Lancaster,
Ky.; L. A. Wield, North Jellico, Ky.; W. P. Crooke, Altamont, Ky. OFFICERS: R. H. CROOKE, Pres., Rich-
mond, Ky.: Wm. H. Kinnaird, Treas., Lancaster, Ky.; W. P. Crooke, Sec., Altamont, Ky. GENERAL OFFICE,
Altamout, Ky.

POOR'S MANUAL OF RAILROADS. 183

ASHLAND COAL AND RY.— Ashland to Straight Creek June., Ky.. 22.06 m.; sidings, 8. 19 miles.
The Elizabethtown, Lexington and Big Sandy RR. has a traffic arrangement over 21.3 m. of the road. Road
opened as above in 1881. Known as Lexington and Big Sandy until 1865, and as Lexington and Big Sandy RR.,

(box, , „

Operations, year ending June 30, 1897.— Earnings (passenger, $4,674 ; freight, $63,475 ; other, $!6,098),
$84.247. Operating expenses, $70,027. Net earnings, $14,220 ; other receipts, $43,907— total, $58,127. Payments:
Interest on bonds, §17,080 ; other interest, $12,822 ; dividends (Sept. and Dec., 1896, and March and June, 1897, 1
p. c. each), $59,780.

Financial Statement, June 30, 1897.— Capital stock (shares, $50), $1,494,500; funded debt, 1st mtge. 7 p. c.
20-yr. bonds, due Aug. 1. 1900, interest Feb. and Aug. at Cincinnati, O.), $244,000 ; floating debt, $264,425 ; bal-
ance, §116,279— total, $2,119,204. Contra: Cost of road, etc., $1,528,889 ; materials, etc., $508,996; bills receiv-
able, $49,676 ; accounts, $28,609 ; cash, $30.34— total, §2,119,204. Trustees of bonds : A. C. Campbell, Ashland,
Ky., and John G. Peebles, Portsmouth, O.

Directors. — Jas. M. Bailey, Pittsburgh, Pa.; K. L. Butler, Jno. F. Winslow, Cincinnati, O.; Geo. N. Biggs,
Huntington, W. Va.: John G. Peebles, Portsmouth, O.; John Means, Ashland, Ky. OFFICERS : DOUGLAS PUT-
NAM, Pres., & Gen. Mgr.; Jno. G. Peebles, Vice-Pres., Portsmouth, O.; Robert Peebles, Sec. & Treas., Ashland,
Ky. GENERAL OFFICE, Ashland, Kjf

BEATTYVILLE AND CUMBERLAND GAP RR — Beattyville June, to Beattyville, Ky., 7.7
m.; total track, 9.7 miles. Rail (steel), 56 Ibs. Gauge, 4 ft. 8£ in. Chartered Aug., 1892, as successor to the
Winchester and Beattyville RR. Co.; road opened Jan. 1, 1893. Locomotive, 1. Car— combination, 1.

Operations, year ending June 30, 1897.— Earnings (passenger, $2,115 ; freight, $11,091 ; other, P76), $13,-
582. Operating expenses, §9,205. Net earnings, $4,377.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock (shares, $100), .$160,000: funded
debt authorized, 1st mtge. 6 p. c. 30-yr. bonds, due Sept. 1, 1923, interest March and Sept., $160,000— total, $320.-
000. Contra: Cost of road, $160,000; rolling stock, $10,000; real estate, etc., $1,500; securities owned, $150,000
—total assets, $321,500. Interest on bonds payable at the office of the trustee, Columbia Finance and Trust Co.,
Louisville, Ky.

Directors.— G. W. Gourley, Thos. Pryse, J. G. McGnire, Beattyville, Ky.; Robt. Wallace, Jas. P. Amsden,
Ed. M. Wallace, Versailles, Ky.; A. E. Richards, Louisville, Ky. OFFICERS : ROBERT WALLACE, Pres., Midway,
Ky.; G. W. Gqnrley, Vice-Pres., Beattyville, Ky.; Jas. P. Amsden, Sec. & Treas., Versailles, Ky. GENERAL
OFFICE, Versailles, Ky

BIRMINGHAM AND ATLANTIC RR.-Talladega to Pell City, Ala., 21.5m.; Ragans to Log Pits,
9.3m.— total (steel ; 56 Ibs.), 30.8 miles. Gauge, 4 ft. 8J in. (For history, see MANUAL for 1893.) Locomotives,
4. Cars— combination, 1 ; freight (flat, 20 ; coal, 3), 23 ; caboose, 2 ; coke, 1— total cars, 27.

Operations, year ending June 30, 1897.— Trains run (passenger, 8,420 ; freight, 27,879 ; other, 900), 37,199
miles. Passengers carried, 7,014. Tons moved. 28,958. Earnings (passenger, $3,270 ; freight, $18,602 ; other,

E 1,903), $23.775. Operating expenses, $18,335. Net earnings, $5,440. Charges : Interest on bonds, $24,000 ; other
iterest, $15 ; taxes, $1.559— total, $25,574. Deficit, $20,133 ; deficit forward, $124,928— total, $145,061.

Financial Statement, June 30, 1897.— Capital srock (shares, $100), 81,000,000 ; funded debt, 1st mtge. 6
p. c. 30-yr. $1,000 coup, bonds, due July 1, 1919, interest Jan. and July, $337.000 ; 6 p. c. certificates issued for con-
struction, $63,000 ;. bills payable, P6,197 : accounts, $14,373 ; accrued interest (unpaid), $156,000— total, $1,606.571.
Contra: Cost of property, $1,422,376 : securities owned (ledger valuation), $100: materials, etc., $7,530; bills
and accounts. 830,527 ; cash, $976 ; profit and loss, $145,061— total, $1,606,571. Trustee of bonds : Central Trust
Co., New York, N. Y.

Directors.— John Scott, W. Lieberoth, W. A. Underwood, Carl Thajmann, New York, N. Y.; T. S. Plow-
man, S. J. Bowie, Talladega, Ala. OFFICERS: JOHN SCOTT, Pres.; W. Lieberoth, Sec. <k Treas., New York, N.
Y.; A. S. Vaughan, And., Talladega, Ala. GENERAL OFFICE, Talladega, Ala.

BIRMINGHAM, SELMA AND NEW ORLEANS -RY. -Projected : New Orleans, La., to
Selma, Ala., 240 miles. Completed, June 30, 1897 : Selma to Martins, Ala., 20 m.; sidings, 1 mile. Gauge, 4 ft. 9
in. Rail (steel. 3 m.), 56 Ibs. Incorp. Nov. 16, 1886, and succeeded, by purchase, to the property of the Selma and
New Orleans RR. Co. Locomotives, 3. Cars— passenger, 2 ; freight (box, 4 ; flat, 6), 10— total, 12.

Operations, year ending June 30, 1897.— Trains run (mixed), 13,020 miles. Passengers carried, 11,410 ;
curried one mile, 159,740. Tons moved, 12,946 ; ton-miles, 207.136. Earnings (passenger, $5,811; freight, $17,295;
other, §275), $23,381. Operating expenses, $24,043. Deficit from operations, $662. Paid taxes, $993. Deficit for
year, §1,655.

Financial Statement, June 30, 1897.— Capital stock (auth., $1,000,000; shares, $100), $200,000; other
liabilities, $13,510— total. $213,510. Contra : Cost of road, etc.. §200,000 : profit and loss, $13,510— total, $213,510.

Directors.— A. W. Jones, Wm. P. Armstrong, Norman Webb, Bishop S. Melvin, E. C. Jones, Selma, Ala.;
Jno. T. Graham, Wm. P. Parrish, New York, N. Y. OFFICERS : A. W. JONES, Pres.; B. S. Melvin, Sec.; W. P.
Armstrong, Treas.; Norman Webb, Gen. Supt., Selma, Ala. GENERAL OFFICE, Selma, Ala.

BRISTOL, ELIZABETHTON AND NORTH CAROLINA RY. -Projected: Bristol, Tenn.,

to Asheville, N. C., 89 miles. • Completed : Bristol to Elizabethton, Tenn., 22 miles. Gauge, 4 ft. 3| in. Rail
(steel), 57 Ibs. Locomotives, 2. Cars— passenger, 2. Road built as above in 1892. Receiver appointed in Jan.,
1894.

Operations, Financial Condition, etc.— All information refused. Capital stock (par, $100), $600,000.

Directors.— B. L. Dulaney, S. L. King, W. A. Sparger, Bristol, Tenn.; R. J. Reynolds, Winston, N. C.
OFFICE!^: B. L. DULANEY, Bristol, Tenn., and FRED M.LEONARD, Philadelphia, Pa., Recs.; J. H.Caldwell, Aud.f
J. H. Dingee, Treas., Bristol, Tenn. GENERAL OFFICE, Bristol, Tenn. Philadelphia Office, 119 So. 4th St.

BTJRNSIDE AND CUMBERLAND RIVER RY.-Burnside June, to Bnrnside Landing, Ky.,
1.5 m.; total track (steel; 53 Ibs.), 2.0 miles. Gauge, 4 ft. 8Jin. Chartered May 1, 1890; road opened Dec. 1,
1890. Connects the Cincinnati So. Ry. and the Cumberland River, and also forms a belt railway for the industries
located at Burnside, Ky. Locomotive, 1. Uses cars of the C., N. O. & T. P. Ry. Co.

Operations, year ending June 30, 1897.— Trains run (freight), 1,593 miles. Tonsmoved, 32,500. Earnings
(freight), $6,373. Operating expenses, $5,473. Net earnings, $900. Paid interest on bonds, $900.

Financial Statement, June 30, 1897.— Capital stock (auth., $50,000; shares, $100), $15,000; funded debt
(1st mtge. 6 p. c. 20-yr. §500 coup, bonds, dated Dec. 1, 1890, interest June and Dec., at First National Bank, Som-
erset. Ky.), $15.000— total stock and bonds, §30,000. Cost of road, etc., $18,092. Trustee of bonds: Joseph Cox,
Jr., Cincinnati, O.

Directors.— C. W. Cole, Oliver Kinsey, M. F. Molloy, Cincinnati, O. OFFICERS : C. W. COLE, Pres.,
Treas. & Gen. Mgr.; Oliver Kinsey, Vice-Pres.; M. F. Molloy, Sec. & And., Cincinnati, O. GENERAL OFFICE,
301 and 302 Pike Building, Cincinnati, O.

CHATTANOOGA AND LOOKOUT MOUNTAIN RR. -Chattanooga, Tenn., to top of Lookout
Mountain, 10 miles. Trackage, Chattanooga Union Ry.: Cravens to Mt. June., 3m.; N. C. & St. L. Ky.: Union
Depot to Cravens, 2m.; total operated, 15 m.; sidings, 1 mile. Gauge, 4 ft. 8& in. Rail (steel), 56 Ibs. Char-

184 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.

tered as C. & L. M. Ry. Co. in Feb., 1887; road opened throughout, Jan. 19, 1889. Sold June 22, 1897, and subse-
quently reorganized under the present name. The new company contemplates extending the line on the top of
the mountain to Lula Lake and to Rock City, a distance of 7 miles, and equipping the extension with electric
cars. Locomotives, 2. Cars— passenger, 2; baggage, etc., 1; freight (flat), 8— total, 11. J. T. CRASS, Pres. &
Gen. Mgr., Chattanooga, Tenn.; J. P. Sanborn, Vice-Pres., Newport, R. I.; Wm. A. Bird, Sec. <$? Auditor, Look-
out Mountain, Tenn. GENERAL OFFICE, Chattanooga, Tenn.

CHATTANOOGA SOUTHERN KB.— Ga.-Tonn. State Line to Gadsden, Ala., 86.78m.; Round
Mountain branch, 2.75 m.— total. 89.53 miles. Trackage: Belt Ry. of Chattanooga: Ga.-Tenn. State Line to
Chattanooga, Tenn., 5.18 miles. Total operated, 94.71 miles. Side tracks and spurs, 9.81 miles. Gauge, 4 ft. 8$
in. Rail (steel), 56 Ibs. The property of the Chattanooga Southern Ry. Co. (chartered April, 1890; road opened
as above June, 1891) was sold under foreclosure on Feb. 14, 1895, and purchased by the reorganization committee.
The existing company was organized Jan. 10, 1896, and took possession of the property on May 11, 1896. (See
MANUAL for 1896.) Locomotives, 6. Care— passenger, 4; combination, 2; freight (box, 25; flat, 41; coal, 109),
175; other, 2— total, 184. Of this equipment, 25 box and 35 coal cars are held under car trust and 50 coal cars are
leased.

Operations, year ending Dec. 31, 1897.— Earnings (passenger, $6,043 ; freight, $61,954 ; other, $5,079),
§73,076. Operating expenses, $71,623. Net earnings, $1,453.

Financial Statement, Dec. 81, 1897.— Capital stock (shares, $100X authorized and paid in— common,
$2,250,000; preferred, $750,000; accounts, §10,507; profit and loss, $4,236— total, $3,020.743. Contra: Cost of road,
$3.001,296; materials, etc., $14,522; accounts, $4,925— total, $3,020,743. Funded debt authorized (not yet issued)
consists of $500,000 1st mtge. 5 p. c. gold bonds, and $750,000 income mtge. 5 p. c. non-cumulative bonds. The
1st mtge. bonds are authorized at the rate of $5,000 p. m. ou existing road, and $10,000 p. in. on extensions of
main line.

Directors (elected March 30, 1898).— Henry A. V. Post, Russell Sage,Thos. H. Hubbard, Newman Erb,
Edward C. Osborn, Frank H. Davis, New York, N. Y. ; Henry L. Lamb, Lansingburgh, N. Y. OFFICERS : HENRY
A. V. POST, Pres., New York, N. Y. ; Henry L. Lamb, Vice-Pres., Lansingburgh, N. Y.; Edward C. Osborn, Sec. dk
Treas., Bank of Commerce Bldg., New York, N. Y.; Geo. M. Chapman, Aud., Chattanooga, Tenn. GENERAL
OFFICE, Chattanooga, Tenn.

CHESAPEAKE AND NASHVILLE RY.-Gallatin, Tenn., to Scottsville, Ky.. 35.87 miles.
Gauge, 4 ft. 9 in. Rail (steel), 54 Ibs. (For early history of this company, see MANUAL for 1886.) The project is
for a railroad from Nashville, Tenn., to Danville, Ky., 165 m., and from Glasgow to Elizabethtown, Ky., 40 miles.
(See MANUAL for 1892.) Road sold under foreclosure on Sept. 27, 1892, and purchased by W. A. Weber, by whom
it is operated pending the reorganization of the company. Early in 1898 the Middle and East Tennessee Central
Ry., completed from Gallatin to Hartsville, Tenn., 12 m., was absorbed by this road. (See MANUAL for 1897, p.
184.) Locomotives, 3. Cars— combination, 2; freight (flat), 44; service, 1— total, 47.

Operations, year ending June 30, 1897.— Trains run (passenger, 280; freight, 560; mixed, 21,910; other,
12,206), 34,956 miles. Passengers carried, 11,058; carried one mile, 179.525. Tons moved, 42,231; ton-miles, 987,-
867. Earnings (passenger, $4.805; freight, $31,443; other, $2,283), $38,530. Operating expenses, $32,087. Net
earnings, $6,443. Paid taxes. $3,043. Surplus, $3,400.

(General Balance Sheet, June 30, 1897.— Current accounts (cost), $310,000; other liabilities, $2,885; profit and
loss, $80,915— total, $393,800. Contra: Cost of property, etc., $310,000; bills and accounts, $3,413; profit and
loss, $80,387— total, $393,800.

Financial Statement.— The old securities were extinguished by the foreclosure sale in Sept., 1892. The
reorganization is not yet perfected, and no new securities have been issued. (SeeMANXTAL for 1894.) OFFICERS :
R. TS. FLEMING, Gen. Mqr., Louisville, Ky.; Robert Meek, Supt.; D. B. Anderson, Aud., Gallatin, Tenn. GEN-
ERAL OFFICE, Gallatin, Tenn.

CHICKAWSAHA AND JACKSON RR.— Chicora to Henderson, Miss., 18 m.; total track (steel ;
35 Ibs.), 20 miles. Gauge, 4 ft. Si- in. Chartered Oct. 8, 1892; road opened as above, Jan. 1, 1896. Locomotives,
2. Cars — passenger, 1; baggage, etc., 1; freight (box), 2; other, 18— total, 22.

Operations.— All information refused.

Financial Statement, Dec. 31, 1895 (latest rendered).— Capital stock (anth., $200,000; shares, $100), $100,-
000; open accounts, $1,450— total, $101,450. Contra : Cost of road, etc., $89,737; real estate, $5,000; materials,
etc., $2,947; cash, $1,412; profit and loss, $2,354— total, $101,450.

Directors.— Geo. W. Robinson, E. W. Manahan, F. G. Robinson, J. F. Cameron, E. W'. Robinson, Chicora,
Miss. OFFICERS : GEO. W. ROBINSON, Pres.; E. W. Manahau, Vice-Pres. & Gen. Mgr.; E. W. Robinson, Sec. &
Treas.; C. S. Wood, Aud., Chicora, Miss. GENERAL OFFICE, Chicora, Miss.

COVINGTON, FLEMINGSBURG AND ASHLAND RR.-Johnson June, to Hillsboro', Ky.,
17 miles. Gauge, 3 ft. Rail— iron, 36 Ibs. ; steel, 50 Ibs. Locomotives, 2. Cars— passenger, 2 ; freight (box, 3 ;
flat, 1; coal, 5), 9— total, 11.

Operations, year ending June 30, 1897. — Gross earnings, $12,803. Operating expenses, $10,404. Net earn-
ings, $2,399. Capital stock, $100,000. Bonds, $100,000.

Directors.— W. W. Franklin, Herbert E. Bradley, Columbus, O.; David Willson, Watson Andrews, -Flem-
Jngsburg, Ky.; Henry K. McHarg, New York, N. Y. OFFICERS : W. W. FRANKLIN, Pres., Columbus, O.; Wat-
son Andrews, Vice-Pres. <& Treas.; N. S. Dudley, Sec. & Gen. Mgr., Flemingsburg, Ky. GENERAL OFFICE,
Flemingsburg, Ky.

CUMBERLAND RIVER AND TENNESSEE RR.— Wasioto to Chenoa, Ky., 12.9 m.; total
track (steel; 56 Ibs.), 14.1 miles. Gauge, 4 ft. 8} in. Chartered June 22, 1893: road opened Nov., 1893. Con-
nects with the L. & N. RR. Co. at Wasioto, Ky. Stock principally owned by the Log Mountain Coal, Coke and
Timber Co., of Pineville, Ky. Locomotive, 1. Cars— caooose, 1; other (leased), 5— total, 6.

Operations, year ending June 30, 1897.— Earnings (passenger, $917; freight, $9,502; other, $200), $10,618.
Operating expenses, $6,173. Net earnings, $4,445. Paid taxes, $234. Surplus, $4,211; surplus forward, $836—
total, $5,047.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $300,000; funded debt (1st mtge. 5
p. c. 15-yr. $1,000 coup, bonds, dated July 1, 1908, interest Jan. 1 and July 1, at the office of the trustee, Manhattan
Trust Co., New York), $300,000; profit and loss, $5,047. Contra: Cost of road, etc., $232,569; materials, etc..
$190; other assets, $50. The bonds are held in escrow and no interest is paid on them.

Directors.— H. P. Wyman, Chestoa, Tenn. ; Jno. S. Lawrence, Grand Rapids, Mich. ; Thos. Cairns, Shelton
Evans, W. H. Dunn, Pineville, Ky.; E. L. Perkins,"New York, N. Y.; F. A. Hull, Danbury, Conn. OFFICERS :
H. P. WYMAN, Pres., Chestoa, Tenn.; Jno. S. Lawrence, Vice-Pres., Grand Rapids, Mich.; Thos. Cairns, Sec. <t
• Treas., Pineville, Ky.; F. A. Hull, Gen. Mgr., Danbury, Conn. GENERAL OFFICE, Pineville, Ky.

EAST AND WEST RR.— Main Line : Cartersville, Ga., to Pell City, Ala., 116.7m.: branches— Wood
stock, main line to Ore banks, 3.01 m. ; Tecumseh, Warner's to Tecumseh Furnace, 1.62 m. ; Jacksonville, Tredeeai-
to Jacksonville, Ala., 2.65 m.— total operated, 123.98 miles. Sidings, etc., 10 miles. Gauge, 4 ft. 9 in. Rail-
iron, 56 Ibs.; steel (130.98 m.), 40 to 60^ Ibs. Chartered in Alabama, Jan. 11, 1894; in Georgia, Jan. 15, 1896, as suc-
cessor to the East and West RR. of Alabama. (See MANUAL for 1894.) It is proposed to extend the line to Birm-
ngham, Ala. Locomotives, 12. Cars— passenger, 4; baggage, etc., 3; freight (box, 4; coal, 17; flat, 5), 26— total, 50.

POOR'S MANUAL OF RAILROADS. 185

Operations, year ending Jnne 30, 1897.— Trains run (freight, 30,638; mixed, 122,386; other, 36,310), 189.334.
miles. Passengers carried, 32,933 ; carried one mile, 658,660. Earnings (passenger, $19.588; freight, $73,191
other, $11,857), $104,637. Operating expenses, $95,791. Net earnings, $8,846. Payments: Taxes, $8,523; other
payments, $53,175— total, $61,698. Deficit, $52,852; deficit forward, $7,509— total, $00,361.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $ 1.500,000; bills payable. 864,427; cur-
rent accounts, $8,928— total, $1,573,355. Contra: Cost of road, etc., §1,500,000; accounts, $11,243: cash, $1,750;
profit and loss, $60,362— total, $1,573,355.

In the vicinity of Colvin Mountain, 10 m. north of
Jacksonville, Ala. Operated temporarily under con-

TREDEGAR MINERAL RY.— Jacksonville to
Tredegar Junct., Ala., 4 miles. Gauge, 4 ft. 8i in.
Rail (steel, 1 m.), 50 and 56 Ibs. Organized In Aug.,

tract by the East and West RR. Co. Locomotive, 1;

1891, under the laws of Alabama; road built in 1892 Cars (ore, 2). Financial Statement. — Capital stock
(see Manual for 1893). In Feb.. 1897, a charter was; (shares. $100), $100,000; unfunded debt, $12.062-

granted by the Legislature and the capital stock
increased from $50.000 to $100,000 and authority
given to issue $100,000'lst mtge. 6 p. c. bonds for the
purpose of completing the line to the mineral fields

total, $112,062. Contra: Cost of road, etc., $22.516;
other assets, $1,000— total. $12,062. Joseph W. Burke,
Pres. & Man.; Geo. P. Ide. Sec. & Treas., Jackson-
ville, Ala. General Office, Jacksonville, Ala.

Directors (E. & W. RR. Co.).— Eugene Kelly, Edward Kelly, Thomas H. Kelly. Daniel F. Sullivan, Eugene
K. Austin, John F. Canavan, New York, N. Y.; Charles P. Ball, Cartersville, Ga. OFFICERS : EDWARD KELLY,
Pres.; Eugene Kelly, Vice-Pres.; Eugene K. Austin, Treas.; Thomas H. Kelly, Sec., New York, N. Y.; Charles
P. Ball, Gen. Mgr., Cartersville, Ga. GENERAL OFFICE, Piedmont, Ala.

EASTERN KENTUCKY BB.— Riverton to Webbville, Ky., 36 m.; total track (17.16 m. steel; 56 to
60 Ibs.), 46.38 miles. Gauge, 4 ft. 9 in. Chartered in Jan., 1870. Successor to the Kentucky Improvement Co.
(chartered in Dec., 1866). Road opened throughout, April, 1889. Locomotives, 4. Cars— passenger, 1; baggage,
etc., 3; freight (box, 5; stock, 1; flat, 2; coal, 27), 35— total, 39.

Operations, year ending June 30, 1897. — Trains run (mixed, 39,042; other, 3,894), 42,936 miles. Passengers
carried, 11,469; carried one mile, 141,891. Tons moved, 31,490; ton-miles, 452,495. Earnings (passenger, $4,698;
freight, $25,424; other, $2,314), $32,436. Operating expenses, $27,600. Net earnings, $4,836. Payments: Interest
on debt, $898; taxes, $2,289- total, $3,187. Surplus, $1,649.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock (par, $100; preferred anth., $3,000,-
000; paid in, $1,779,500; common auth., $10,000,000; paid in, $1,697,800), $3,477,300; bills payable, $42,528; accounts,
$17,048; stock scrip, $3,618— total, $3,540,594. Contra: Cost of property, $2,399,895; real estate, etc., $828,806;
stocks and bonds, $10.220; cash, $3,457; other assets, $39,755; profit and loss, $258,361— total, $3,540,494. Funded
debt was retired in 1886, being replaced by preferred stock.

Directors.— Nathaniel Thayer, E. V. R. Thayer, Charles Merriam, H. H. Hnnnewell, T. D. Barroll, E. B.
Townseud, Boston, Mass.; H. W. Bates, Riverton, Ky. OFFICERS : NATHANIEL THAYER, Pres., Boston, Mass.;
H. W. Bates, Vice-Pres. & Gen. Mgr., Riverton, Ky.; E. B. Townsend, Sec. A Treas., Boston, Mass.; W. L.
Wolcott, Aud., Riverton, Ky. GENERAL OFFICE (P. O. Address, Greenup, Ky.), Riverton, Ky.

EAST LOUISIANA KB.— Pearl River to Covington, La., 25 m.; Mandeville Jnnc. to Mandeville, La.,
11.3 m.; trackage, N. O. &N. E. RR.; New Orleans to Pearl River, La., 36.0 m.— total, 72 3 m.; sidings, 5.5 miles.
Gauge, 4 ft. 81 m. Rail (steel), 35 Ibs. Chartered July 7, 1887 ; road completed May 29, 1892. The New Orleans,
Spanish Fort and Lake RR. was purchased by this company Nov. 15, 1895, and by it sold to the New Orleans and
Western RR. Co., July 1, 1897, but the E. L. RR. Co. has trackage rights over same. Projected to Monticello,
Miss., 80 m. from Pearl River. Locomotives, 5. Cars— passenger, 13 ; oaggage, etc., 3 ; freight (box, 11 ; timber,
22), 33 ; caboose, 3— total, 52.

Operations. —All Information refused.

Financial Statement, June 30, 1894 (latest rendered).— Capital stock (auth., $360,000 ; par, $100) paid in,
$332,300 ; accounts, $36,976 ; profit and loss, $25,562— total, $394,838. Contra : Cost of road, etc., $372,699 ; cash
assets, $15,063 ; materials, etc., $1,008— total, $394,838. Provision has been made for an issue of $1,000,000 6 p. c.
25-yr. gold bonds, limited in issue to $10,000 per mile of completed main line.

Directors.— John Poitevent, G. S. Orme, E. Mar-tell i. New Orleans, La.; Jos. A. Favre, Hearlington, Miss.;
A. Poitevent, Florenville, La. OFFICERS: JOHN POITEVENT, Pres. & Gen. Mar.; E. Martelli, Treas., New
Orleans, La.; A. Poitevent, Sec., Florenville, La. GENERAL OFFICE, New Orleans, La.

FBANKFOBT AND CINCINNATI BY.-Frankfort to Paris, Ky., 40m.; total track (steel ; 56
and 60 Ibs.), 42.1 miles. Gauge, 4 ft. 8i in. Chartered Feb. 27, 1897, as successor to the Kentucky Midland Ry. Co.,
whose property was sold under foreclosure on Jan. 4, 189? (see MANUAL for 1897). New company assumed pos-
session March 1, 1897. Locomotives, 3. Cars— passenger, 5; baggage, etc., 1 ; freight (box, 5; stock, 4; flat, 12),
21 ; caboose, 1— total, 28. All this equipment is teased, except 1 passenger and 1 baggage, etc., car, which are held
under car trust.

Operations, year ending June 30, 1897.— Trains ran (passenger, 34,476 ; mixed, 28,496), 62,972 miles. Earn-
ings (passenger, $16,403 ; freight, $33,283 ; other, $3,079), $52,765. Operating expenses, $52,086. Net earnings,
$679.

Financial Statement, June 30, 1897.— Capital stock (auth., $200,000 ; shares, $100), subscribed,
$150,000.

Directors (elected March 1, 1897).— H. P. Mason, C. E. Hoge, B. C. Milan, W. F. Dandridge, Thos. Rod-
man, S. B. Mason, Frankfort, Ky.; John King, Romeville, 111. OFFICERS: H. P. MASON, Pres.; C. E. Hoge,
Treas.; W. F. Dandridge, Sec.; C. Bowles, Aud., Frankfort, Ky. GENERAL OFFICE, Frankfort, Ky.

GADSDEN AND ATTALLA UNION BY.— Gadsden, Ala., to Attalla, Ala.. 6 m.; branch, Gads-
den to Black Creek Falls, 5 m.— total, 11 miles. Sidings and belt line, about 3.5 miles. Gauge, 4 ft. 8i in. Rail
(steel), 45 Ibs. Chartered March 29, 1890 ; road completed in 1891. Locomotives, 6. Cars— passenger, 12.

Operations, year ending June 30, 1897. — Trains run, 53,655 miles. Passengers carried, 53,655 ; carried one
mile. 536,550. Earnings (passenger, $9,551 ; other, $-250), $9,801. Operating expenses, $5,677. Net earnings,
$4,124.

Financial Statement, June 30, 1897.— Capital stock (shares, $100) authorized, $200,000 ; subscribed and
paid in, $150,000; funded debt (1st mtge. 6 p. c. 20-yr. gold bonds, dated Oct. 1, 1890, interest April and Oct. ; auth.,
$200,000), issued and outstanding, $150,000— total stock and bonds, $300,000. Contra : Cost of road, etc., $300,000.
Interest on bonds payable at the office of the trustee, the Union Trust Co., Philadelphia, Pa.

Directors (elected June, 1897).— J. M. Elliott, Jr., Obe Christopher, W. Gilmore, Gadsden, Ala.; C. A.
Lyerly, Chattanooga, Tenn. OFFICERS : J. M. ELLIOTT, JR., Pres. & Gen. Mar., Gadsden, Ala.; C. A. Lyerly,
Vice-Pres., Chattanooga, Tenn.; J. II. Wragg, Sec., Gadsden, Ala. GENERAL OFFICE, Gadsden, Ala.

GULF AND CHICAGO BB.— Middleton, Tenn., to Pontotoc, Miss., 62.5m.; sidings, etc., 2 miles.
Gauge, 3 ft. Rail (steel, 27 m.), 35 Ibs. Organized Aug. 1, 1889 ; purchased at foreclosure sale the Ship Island,
Ripley and Kentucky RR., Middleton, Tenn., to Ripley, Miss., 25 m., and the Northern division of the Gulf and
Ship Island RR., Ripley to Ponfotoc, Miss., 37 miles. (For history of the former company see MANUAL for 1891.)
Locomotives, 5. Cars— passenger, 5 ; baggage, etc., 2 ; freight (box, 15 ; stock, 2; flat, 24), 41; caboose, 1— total,
49. Also 1 pile-driver.

186 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.

Operations, year ending June 30, 1897.— Trains run (mixed, 46,000 ; other, 7,000), 53,000 miles. Pas*
sengers carried, 36,490 ; carried one mile, 364,900. Tons moved, 30,487 ; ton-miles, 407,305. Earnings (passenger,
$9,123; freight, $37,1$; ; other, $3,713), $50,031. Operating expenses, $35,642. Net earnings, $14,379. Payments:
Taxes, $1,651 ; dividends (Nov. and Dec., 1896, 1 p. c. each ; Jan. and March, 1897, i p. c. each), $12,000— total,
$13,651, Surplus, $738.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), authorized and issued, $400,000.
Contra : Cost of road, etc.. $2atf.OOO ; cash, $8,000 ; profit and loss, $9,000.

Directors.— J. W. T. Falkner, Oxford, Miss.; G. G. Carter, L. D. Hines, Will Hines, C. L. Harris, J. V.
Shepherd, J. J. Guy ton, Ripley, Miss.; W. B. McLean, Memphis, Tenn. OFFICERS : JOHN W. T. FALKNER,
Pres., Oxford, Miss.; N. G. Carter, Vice-Pres.; C. L. Harris, Sec., Treas. & Gen. 3fgr., Ripley, Miss. GENERAL
OFFICE, Ripley, Miss.

G-ULF AND SHIP ISLAND RR.— Projected : Jackson, Tenn., to Gulfport, Miss., 380 miles. Com-
pleted: June 30, 1897: Gulfport to Hattiesbnrg, 70.25m.; branch, Gulfport to Handsboro, Miss. ,4. 75m.— total, 75
miles. Sidings, etc., 8.5 miles. Gauge, 4 ft. 8* in. Rail (steel), 5K and 62 Ibs. Chartered Feb. 24, 1882 (see
MANUAL for 1892, p. 1039). A section of 20 miles north from Gulfport, Miss., was operated in 1890, but was sub-
sequently abandoned. Receiver appointed Aug. 16, 1892, and held office until Sept. 15, 1896. During his incum-
bency provision was made for the construction of the line from Gulfport to Hattiesburg_. The completed road
was turned over to the company on Jan. 1, 189V. (See MANUAL for 1897, p. 181.) Equipment, June 30, 1897:
Locomotives, 6. Cars— passenger, 3 ; freight (box, 7 ; flat, 130), 137 ; caboose, 1 ; other, 15— total cnrs, 156, of
which 1 passenger, 100 flat and 1 caboose car were held under car trust. Since the close of the fiscal year, 3 pas-
senger, 1 combination and 100 flat cars, as also a new transfer steamer,' have been added to the above equipment.

OperationB, fix months ending June 30, 1897.— Trains run (passenger, 22,960; freight, 7,800; mixed, 15,600;
other, 6,240), 52,600 miles. Passengers carried, 15,397 ; carried one mile, 390,135. Tons moved, 70,947 ; ton-miles,
2,944,800. Earnings (passenger, $13,752 ; freight, $48,519 ; other, $938), $63,209. Operating expenses, 841,011.
Net earnings, $22,198.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,400,000 ; funded debt (1st. mtge. 5.
p. c. 30-yr. $100 gold coupon bonds, due Jan. 1, 1927, interest Jan. 1 and July at office of the trustee, Manhattan
Trust Co., New York City (auth., $15,000 per mile), $1,050,000 ; car trust notes, $23,056 ; bills payable, $118,799 :
accounts, $22,048 ; other liabilities, $53,079 ; profit and loss, $22,198-total, $2,689,180. Contra: Cost of road, etc.,
$2,615,068 ; transfer steamer "Cape Charles," $7,625 ; other property and assets, $3,087 ; bills receivable, $13,905;
current accounts, $27,754; cash, $11,381 ; due from agents, $10,358— total, $2,689,180.

Directors (elected June 30, 1897).— J. T. Jones, C. R. Collins, T. J. Powers, W. W. Bell, C. V. Merrick, R.
E. Powers, D. H. Jack, Bradford, Pa.; S.S. Bullis, Gulfport, Miss.; E. J. Bowers, Bay St. Louis, Mo. OFFICERS:
J.T.JONES, Pres.; C.P.Collins, Vice-Pres.; W. W. Bell, Treas.; R. E. Powers, Sec., Bradford, Pa.; S. S.
Bullis, Gen. Mgr., Gulfport, Miss. GENERAL OFFICE, Gulfport, Miss.

HARRIMAN AND NORTHEASTERN RR.— Harriman Jet. to Petros, Tenn., 22 m. ; sidings, etc.,
1.5 miles. Gauge, 4 ft. 8} in. Rail (steel), 60 Ibs. Chartered Dec. 4, 1895. as successor to the Harriman Coal and
Iron RR. Co., whose property was sold under foreclosure July 22, 1895. (See MANUAL for 1895.) A temporary
receiver was appointed for this company on May 20, 1897, and the receivership was made permanent on July
20, 1897, when Geo. L. Burke, of Harriman, Tenn., was appointed. Locomotives, 4. Cars— passenger, 2 ; bag-
gage, etc., 1.

Operations.— All information refused.

Financial Statement.— Capital stock (shares, $100) authorized and paid in, $600,000; funded debt (1st
mtge. 6 p. c. $100, $500, and $1,000 gold coup, bonds, dated Dec. 13, 1885, due Jan. 1, 1916, interest Jan. and July
at office of the Central Trust Co., New York City), $300,000— total stock and bonds, $900,000. Cost of road, $300,-
000 ; rolling stock, $25,000 ; real estate, $8,000. The 1st mtge. bonds are redeemable at par, at the company's
option, on or after Jan. 1, 1901. Stock is voted by three trustees appointed jointly by the bondholders and the
stockholders. GEO. L. BURKE, Receiver & Gen. Mgr., Harriman, Tenn.; I. K. FUNK, Pres., New York, N. Y.;
L. B. Goodall, Treas., Sanford, N. Y.; Chas. Pearson, Sec., Arlington, N. J. GENERAL OFFICE, Harriman, Tenn.

HOLSTON VALLEY RY.— Bristol to Big Creek, Tenn., 8.26 m.; branches, 1 m.— total, 15.26 miles.
Gauge, 3 ft. Rail (iron), 30 Ibs. Chartered in Sept., 1892, to build a railroad from Bristol, Tenn.,. to Va. State
Line, near Damascas, about 45 miles. Main line opened as above in July, 1896. This is principally a logging
road, though it does a general freight and passenger business. The stock of the company is said to be owned by
the stockholders of the Morton, Lewis & Willey Lumber Co., of Bristol, Tenn. Locomotives, 3. Cars— combined

passenger, baggage, etc., 1; freight (flat), 6 ; logging, 17— total, 24.
Directors.— Not reported. OFFICERS : C. MORT<

reported. OFFICERS: C. MORTON, Pres.; E. P. Lewis, Vice-Pres.; A. F. Willey, Gen.
Mgr., Bristol, Tenn. GENERAL OFFICE, Bristol, Tenn.

JELLICO, BIRD EYE AND NORTHERN RY.-Halsey, Ky., to Jellico, Tenn., 7.4 m.; sidings,
1.09 miles. Rail (steel), 50 Ibs. Gauge, 4 ft. 8J in. Chartered June 1, 1893 ; road opened June 30, 1893. Built to
transport coal from the Bird Eye-Jellico Coal Co.'s mines at Halsey, Ky., to Jellico, Tenn. Locomotive, 1. Car
—(passenger), 1.

Operations. — All information refused. Gross earnings, year ending June 30, 1897, $2,816.

Financial Statement, June 30, 1896 dates/, rendered).— Capital stock (shares, $-100), $100,000, represent-
ing cost of road, etc. There is a mortgage of £800,000 on the property of the Bird Eye-Jellico Coal Co., which in-
cludes the railway and equipment of this company. This company, therefore, assumes legally a proportionate
amount of that mortgage.

Directors.— E. T. Halsey, Halsey, Ky.; Attilla Cox, W. C. Nones, L. M. Cox, L. W. Botts, Louisville, Ky.;
B. R. Hutchcraft, Winchester, Ky.; J. M. Wilson, T. E. B. Siler, Halsey, Ky. OFFICERS : E. T. HALSEY, Pres.,
Halsey, Ky.; W. C. Nones, llce-Prfs.; L. W. Botts, Sec., Louisville, Ky.; Ben W. Robinson, Gen. Mgr., Halsey,
Ky. GENERAL OFFICE, Halsey, Ky.

KANSAS CITY, W ATKINS AND GULF RY.-Lake Charles to Alexandria, La.. 98.37 m.;
branches— T. & P. June, to T. & P. depot, 1.33 m.; Lake Charles to Drews, 1.5 in.— total, 101.2 miles. Sidings,
9.09 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 and 70 Ibs. Chartered in June, 1887 ; road completed as above in
July, 1892. A contract of five years' duration has been entered into with the Southern Pacific Co. for hauling
gravel for that road. The stipulated minimum is 30 car-loads daily, but the number hauled is from 30 to 90 per
day. Default was made on interest due Jan. 1, 1896. It is reported that 51 p. c. of the bonds and notes have
been deposited with the Girard Life Insurance, Annuity and Trust Co., Philadelphia, under an agreement dated
Oct. 12, 1897, between the president of the railroad company, the bondholders and noteholders, and the trustee,
Girard Life Insurance, Annuity and Trust Co., Philadelphiii, Pa. Foreclosure proceedings were begun in Dec.,
1897, by the trustee of the mtge. Receiver appointed Feb. 12, 1898. Equipment, June 30, 1897.— Locomo-
tives, 7. Cars— passenger. 5 : baggage, etc., 1 : freight (box. 36 ; flat, 141), 180 ; caboose, 2- total cars, 188.

Operations, year ending June33, 1S97.— Trains run (passenger. 02,196; freight, 76,930: other, 15,650), 154,776
miles. Passengers carried, 21,468 : carried one mile, 807,893. Tons moved, 215,643 ; ton-miles, 12,663,242. Ear i-
ings (passenger, $23.139 ; freight, $107,063: other, $11,695), $141,897. Operating expenses, $115,435. Net earnings,
$20,462. Charts: Interest on bonds, $98,336; other interest, $1,047 ; taxes, $9,647 ; other payments, $206— total,
$109,235. Deficit, $82,773 ; deficit forward, $261,835— total, $344,608.

POOR'S MANUAL OF RAILROADS. 187

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,967,400; funded debt (let mtge.

5 p. r. 40-yr. bonds due Jan. 1, 1930, interest Jan. and July), authorized and outstanding, $1,967,400 ; bills and
accounts, §96,316 ; accrued interest on funded debt, $195,933; due J. B. Watkins on account, $106,019— total,
$4,333,068. Contra : Cost of road, $3,727,098 ; rolling stock, $159,077 ; materials, etc., $1,600 ; bills and accounts,
$95,334 ; cash, $5,352 ; profit and loss, $344,608— total, $4,333,068. The bonds are secured by mtge. on the entire
property of the company; they are coup., for $1,000 or £200 each, and are payable in gold. Of the $1,967,400
bonds outstanding 1,000 are $ and 1.007 £ bonds. Interest payable at the company's office, Lawrence, Kan.
Trustee of bonds : Farmers' Loan and Trust Co., New York, N. Y.

Directors. — J. B. Watkins, D. M. Sprankle, Lawrence, Kan.; Alexander Thomson, Thos. T. Taylor, Ed-
win C. Walker, E. B. Miller, Lake Charles, La. OFFICERS : HENRY B. KANE, Rec., Palestine, Tex. ; J. B.
WATKINS, Pres., Lawrence, Kan.; Alexander Thomson, Vice-Pres.; Thos. Saunders, Gen. Mgr.; W. E. Lee, Aud.;
E. B. Miller, Sec., Lake Charles, La.; D. M. Sprankle, Treas., Lawrence, Kan. GENERAL OFFICE, Lake Charles, La.

KENTUCKY NORTHERN RY.— Rodbonrn to Pine Springs, Ky., 16 miles. Gauge, 4 ft. 9 in.
Rail (iron), 30 and 52 Ibs. Chartered in Feb., 1896, and road completed before the close of that year. Locomo-
tives, 3. Cars— passenger, 1 ; freight, 15 ; other, 7— total, 23. Capital stock, $10.000. Cost of road, etc., $68,200.

Directors.— T. f. Reynolds, E. A. Marsh, C. B. Townsend, Rochester, N. Y.; W. W. Reynolds, Rodbourn,
Ky.; W. A. Young, Morehead, Ky. OFFICERS: T. J. REYNOLDS, Pres.; E. A. Marsh, Vice-Pres., Rochester,
N. Y.; J. W.Davis, Sec. <fe Treas.; W. W. Reynolds, Gen. Mgr.; John B. Kelly, Supt.; Morton Lane, Chief Erig.;
C. M. Horr, Parch Afft., Rodbourn, Ky. GENERAL OFFICE, Rodbourn, Ky.

LA FAYETTE RY.— La Fayette to Opelika, Ala., 22 miles. Gauge, 4 ft. 8| in. Rail (steel), 40 Ibs.
Chartered Sept. 19, 1895 ; road opened July 4, 1896. Locomotives (leased), 2. Cars— passenger, 2 ; combination,
1 ; freight (box, 10 ; flat, 4), 14— total, 17.

Operations, year ending June 30, 1897.— Trains run (mixed, 32,120 ; other, 3,030), 35,150 miles. Passengers
carried, 18,404 ; carried one mile, 303,661. Tons moved, 8,934 ; ton-miles, 178,680. Earnings (passenger, $6,073 ;
freight, $18,369 ; other, $1,516), $25,951'. Operating expenses, $14,989. Net earnings, $10,963. Payments : Interest,
$4,495 ; dividends, $4,800 ; other payments, $305— total, $9,600. Surplus, $5,293.

Financial Statement, June 30, 1897.— Capital stock (anth., $50,000; shares, $100), $39,300 ; miscellaneous
obligations, $53,489 ; equipment trust obligations, $5,676 ; loans and bills payable, $63,948 ; wages and salaries,
$277 ; other liabilities, $8,400. Contra : Cost of road, $104,971 ; bills and accounts, $166 ; other cash assets, $40.

Directors.— G. E. Mc.Gehee, Chas. Schuessler, J. C. Griffin, G. E. Burnett, M. W. Allen, L. S. Schuessler,
John H. Tucker, A. J. Driver, W. B. Wood, La Fayette, Ala. OFFICERS : G. E. MCGEHEE, Pres. & Gen. Mgr.;
Chas. Schuessler, Vice-Pres.; R. Wallen, 2d Vice-Pres.; J. C. Griffin, Treas.; L. S. Schuessler, Sec., La Fayette,
Ala. GENERAL OFFICE, La Fayette, Ala.

LEXINGTON AND EASTERN RY.— Lexington to Jackson, Ky., 92.54m.; trackage, Ch. <t. 0. By.,
at Lexington, Ky., 1 m.— total operated, 93.54 m.; sidings, 19.13 miles. Gauge, 4 ft. 9 in. Rail (steel, 92.54m.),
63 Ibs. Chartered Oct. 13, 1894, a? successor to the Kentucky Union Ry. Co., whose property was sold under fore-
closure March 14, 1894. (See MANUAL for 1894.) Equipment, Oct. 31, 1897 : Locomotives, 7. Cars — passenger,

6 ; officers', 1 ; baggage, 2 ; freight (box, 129 ; flat, 126 ; coal, 81 ; caboose, 4), 340 ; gravel and construction, 28—
total cars, 377.

Operations, year ending June 30, 1897.— Trains run (passenger, 75,355 ; freight, 49,415), 124,770 miles.
Passengers carried, 67,751 ; carried one mile, 2,041,903. Tons moved, 125,739 ; ton-miles, 6,136,347. Earnings
(passenger, $43,822 ; freight, $133,943 ; other, $15,236), $193,001. Operating expenses, $133,970. Net earnings,
$59,031. Payments : Interest on bonds, $50,000 ; taxes, etc., $9,031— total, $59,031.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $500,000 ; funded debt (see below),
$2,500,000 ; coup, due July 1, 1897, $25,000 ; accounts and taxes accrued, $18,052 ; pay-rolls, $5,958 ; contingencies,
$8,588 ; car coupler appropriation, $15,600— total, $3,073,199. Contra : Cost of property, $3,000,000 ; construction,
$7,199 ; materials, etc., $6,377 ; accornts, $10,969 ; cash, $48,654— total, $3,073,199. Funded debt outstanding con-
sists of $1,000,000 1st mtge. 5 p. c. 5-yr. $1,000 gold coup, bonds, due Jan. 1, 1900, interest Jan. and July ; and
$1,500,000 general mtge. 5 p. c. 40-yr. rcg. gold bonds, due Feb. 1, 1935, interest Feb. and Aug.— total, $2,500,-
000. Authorized issue of general mtge. bonas, $2,500,000, of which $1,000,000 are reserved to retire the Ists. In-
terest on general mtge. bonds for the first five years is payable only if earned. Trustees — of Ists, Central Trust
Co., New York, N. Y.; of generals, Continental Trust Co., New York, N. Y. Interest on bonds payable at office
of J. Kennedy Tod & Co., 45 Wall St., New York, N. Y.

Directors (elected Oct. 5, 1897).— H. C. McDowell, George Copland, Arthur Cary, E. D. Sayre, Lexington,
Ky. ; A. P. Humphrey, Louisville, Ky. OFFICERS : H. C. McDoWBLL, Pres.; George Copland, Vice-Pres., Treas.
<fe Aud.; J. R. Barr, Gen. Mgr. <t Chief Eng.; Arthur Cary, Sec. & Gen. Solicitor, Lexington, Ky. GENERAL
OFFICE, Lexington, Ky.

LOOKOUT POINT INCLINE CO.— St. Elmo, Tenn., to Natural Biidge, 3 miles. Rail (steel), 25
and 45 Ibs. Gauge, 3 ft. Chartered March, 1898. Successor to Lookout Mountain Incline Ry. Co. (see MANUAL
for 1897). Locomotives, 2. Cars, 6. Capital stock (shares, $100), $200,000. Trustee of bonds : W. M. Lasley,
Chattanooga, Tenn.

Directors.— H. Clay Evans, Washington, D. C.; L. E. Montague, T. G. Montague, C. R. Evans, D. P.Mon-
tague, Chattanooga, Tenn. OFFICERS : H. CLAY EVANS, Pres., Washington, D. C.; L. E. Montague, Mgr.; T.
M. Derickson, Supt., Chattanooga, Tenn. GENERAL OFFICE, Chattanooga, Tenn.

LOUISIANA AND NORTHWEST RR.— Projected : Alexandria, La., to St. L., I. M. & S. RR., in

Arkansas, 225 miles. Completed: Bienville to Homer, La., 36 m.; sidings, 2.05 miles. Gauge, 4ft. 8£ in. Rail
(steel), 56 Ibs. Chartered as Louisiana North and South RR. Co., Nov. 28, 1885 ; road completed Jan. 1, 1890. At
about the same time it was found that the charter of the old company was defective, and a reorganization was
effected under the present title. On Jan. 1, 1895, the road was leased for 50 years to J. D. Beardsley, Gibsland,
La., the lessee to pay interest on the bonds, besides taxes and cost of maintenance. (See MANUAL for 1893.)
Locomotives, 3. Cars— passenger, 2 ; baggage, etc., 2 ; freight (flat), 6 ; caboose, 1— total, 11.

Operations.— All information refused.

Financial Statement, Jan. 1, 1896 (latest rendered).— Capital stock (par, $100 ; auth., 83,000,000) issued,
$700,000 ; funded debt (1st mtge. 5 p. c. 50-yr. $1,000 gold bonds, dated Jan. 1, 1895, interest Jan. 1 and July 1, at
office of Boody, McLellan <fc Co., New York), $125,000— total, $825,000. Trustee of bonds: People's Trust Co.,
Brooklyn, N. Y.

Directors.— John A. Richardson, P. Lowenberg, A. T. Nelson, C. H. Beardsley, Homer, La.: D. A.Boody,
Stewart L. Woodford, C. E. Wallace, New York, N. Y. OFFICERS : D. A. BOODY, Pres., New York, N. Y.; C.
B. Beardsley, Vice-Pres., Homer, La.; Remson Rushmore, Sec., Brooklyn, N. Y.; John A. Richardson, Asst. Sec.,
Homer, La.; J. D. Beardsley, Lessee & Gen. Mgr., Gibsland, La. GENERAL OFFICE, Gibsland, La.

LOUISIANA CENTRAL RR.— Porf Allen to Musson, La., 22 miles. Rail, 52-lb. iron. Gauge, 4 ft.
8} in. (See MAN UAL for 1892 for history.) Locomotive, 1. Cars— passenger, 1; freight (box, 4; flat, 3), 7—
total, 8.

Operations, year ending Dec. 31, 1896.— Trains run (mixed), 4,136 miles. Earnings (passenger, $464;
freight, §4,645), $5,109. Operating expenses, $5.262. Deficit from operations, $152. Miscellaneous receipts, $1,-
882-net income, $729. Paid taxes, $451. Surplus, $1,278 ; surplus forward, $58— total, $1,337.

188 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.

Financial Statement, Dec. 31, 1896.— Capital stock (shares, $100), $50,000; current accounts, $1,941— total,
$51,941. Contra: Cost of road, etc., $50,000 ; cash, $1,337 ; profit and loss, J603— total, $51,941.

Directors.— Isaac E. Gates, New York, N. \.\ Chas. Babbidge, Brooklyn, N. Y.; A. C. Hutcliinson, T.
Fay, New Orleans, La.; J. G. Parkerson, Lafayette, La. OFFICERS: J. G. PARKERSON, Pres., Lafayette, La.;
Isaac E. Gates, Vice- Pres., Sec. & Treas., New York, N. Y.; A. D. Barrow, (ten. 8/ipt., Port Allen, La. GEN-
ERAL OFFICE, Port Allen, La.

LOUISIANA SOUTHERN RR.— New Orleans to Belair, La., 29 m.; Shell Beach Branch: Poy-
dras to Shell Beach, La., 16 m.— total, 45 miles. Sidings, 2 miles. Gauge, 4 ft. 8J in. Rail— iron, 40 Ibs.;
steel (50 m.), 60 Ibs. Organized as successor to the New Orleans and Southern RR. Co., whose property was sold
under foreclosure on Oct. 26, 1896. (See MANUAL for 1896, p. 249.) The lease to the New Orleans and Western
RR. Co. expired on Feb. 1, 1897, whereupon the road was taken possession of by the present company. Locomo-
tives, 5. Cars— passenger, 7 ; baggage, etc., 2; freight (box, 22; stock, 1 ; flat, 23), 46; hand, 6 -total cars, 61.

Operations.— All information refused.

Financial Statement, April 1, 1898.— Capital stock, $300,000. Funded debt outstanding consists of $250,-
000 1st mtge. 5 p. c. $1,000 bonds, interest March and Sept. in New York, N. Y., and London, Eng. Trustee :
Central Trust Co., New York, N. Y. First coupon due Sept. 1, 1898.

Directors.— Not reported. OFFICERS : J. A. KILMAN, Pres., London, Eng.; P.CAMPBELL, Gen. Myr.; II.
McCall, Jr., And., New Orleans,- La. GENERAL OFFICE, New Orleans, La.

LOUISVILLE BRIDGE CO.— Bridge across the Ohio River at Louisville, Ky., 2.80 m. : 2d track, 0.89
m.— total track, 3.69 miles. Rail (steel), 70 Ibs. Gauge, 4 ft. 81 in. Chartered March 10, 1856 ; bridge opened,
1870. Company owns no rolling stock.

Operations, year ending June 30, 1897.— Earnings— passenger, $31,926; freight, $173,947; other, $34,732),
$240,605. Operating expenses, $106,948. Net earnings, $133,657 ; other receipts, $2.700— total, $136.357. Pay-
ments : Taxes, $63,208 ; dividends (8 p. c.), $120,000— total, $183,208. Deficit, $46,851 ; surplus forward, $828,86*;
net surplus ($776,514, plus amount charged back to contracting companies, $40,944), $817,458. The surplus or
deficit, as the case may be, is distri buted monthly among the railroad companies using the bridge.

Financial Statement, June 30, 1897.— Capital stock (auth., $2,000,000 ; shares, $100) paid in, $1,500,000;
bills payable, $300,513 ; current accounts, etc., $1,136 ; wages and salaries, $2,932 ; unpaid dividends, $82,50(' ;
coupons not presented, $245 ; accrued taxes, $27,505 ; profit and loss, $817,458— total, $3,132,289. Contra: Cott
of bridge, etc., $2,134,261 ; real estate, $368,524 ; securities, $62,413 ; cash and current assets, $167,090— total, &:,-
732,289.

Directors (elected March, 1897).— Charles H. Gibson, Jas. B. Speed, Louisville, Ky.; J. T. Brooks, James
McCrea, Pittsburgh, Pa.; one vacancy. OFFICERS: CHARLES H. GIBSON, Pres.; Walter Irwin, Sec. d Am/.,
Louisville, Ky.; T. H. B. McKnight, Treas., Pittsburgh, Pa. GENERAL OFFICE, Louisville, Ky.

MAMMOTH CAVE RR.— Glasgow June, to Mammoth Cave, Ky., 8.75 miles. Gauge, 4 ft. 9 in. Rail
(steel), 50 Ibs. Locomotives, 2. Cars (passenger), 2. Chartered in 1874 ; road opened Nov. 17, 1886. Operated
by. the Louisville and Nashville RR. Co., until a receiver was appointed, Aug. 12, 1895. Sold under foreclosure < 'ii
March 7, 1898, and purchased for $16,000 by the president of the company, J. Hill Eakin, Nashville, Tenn. The
road is still operated by the receiver pending reorganization. Funded debt: $100,000 1st mtge. 6 p. c. 25-yr. $1,000
coup, or registered bonds, dated Sept. 1, 1886, interest March and Sept. J. A. McGoodwin, Jtec., Franklin, Ky.

MANSFIELD RY. AND TRANSPORTATION CO.-Mansfield, La., to T. & P. June., 2 m.;
total track (iron ; 56 Ibs.), 2.10 miles. Gauge, 4 ft. 8i in. Chartered Feb. 16, 1881 ; road opened July, 1882. Lo-
comotive, 1. Cars— passenger, 1 ; baggage, etc., 1.

Operations. — All information refused. Dividends of 8 p. c. were paid in 1897.

Financial Statement.— Capital stock (auth., $15,000 ; shares, $50), $14,500. Contra : Cost of road, etc.,
$2S?.000 ; lands, $1,400.

Directors.— Boling Williams, Marmaduke Ricks, B. F. Jenkins, O. H. P. Sample, W. T. Pegnes, Mans-
field, La. OFFICERS: BOLING WILLIAMS, Pres. & Purch. Agt.; B. F. Jenkins, Vice-Pres.; M. Ricks, Treas.;
O. H. P. Sample, Sec., Mansfield, La. GENERAL OFFICE, Mansfield, La.

MINDEN RR.— Minden to Sibley, La. , 5.25 m. ; sidings, 0.5 mile. Gauge, 4 ft. 8J in . Rail (steel), 40 1 bs.
Chartered in 1884 ; road opened in Nov., 1885. • Locomotives, 2 ; .passenger cars, 2.

Operations. — All information refused.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock, $39,350 ; current liabilities. $5 ;
profit and loss, $26,061— total, $65,416. Contra : Cost of road, $48,916 ; equipment, $8,429 ; stocks owned, $500 ;
cash and current assets, $7,421— total, $65,416.

Directors.— Thos. Crichton, A. Goodwill, J. J. Holmes, F. H. Drake, W. P. Leary, Minden, La.; OFFI-
CERS: THOS. CRICHTON, Pres.; F. H. Drake, Vice-Pres.; W. P. Lcary, Treas.; J. J. Holmes, Sec., Minden, La.
GENERAL OFFICE, Minden, La.

MISSISSIPPI AND LAFOURCHE RY.- Projected : Lauderdale to Lafourche Crossing, La., 39.5
miles. Completed: Nov. 1, 1896. Lauderdale to Belle Alliance, La., 5 miles. Sidings, 0.5 mile. Gauge, 4ft.
8jin. Rail (steel), 56 Ibs. Chartered Feb. 26, 1896 ; road opened as above Nov. 1, 1896. Grading has been com-
pleted for a distance of 10.5 miles from Belle Alliance to Napoleon ville, La. Locomotive, 1 ; other equipment
furnished by the Texas and Pacific Ry. Co. on a mileage basis.

Operations, seven months ending May 31, 1897.— Trains rnn (freight), 4,350 miles. Tons moved, 16,000.
Earnings (freight), $5,186. Operating expenses, $3,366. Net earnings, $1,820. Payments : Dividends, $1,800 ;
other payments, $20— total, $1,820.

Financial Statement.— Capital stock (auth., $500,000; shares, $100), $36,000. No bonded debt. E«ti-
mated cost of completed road, $685,000.

Directors.— R. W. Edwards, E. N. Pugh, C. Kline, R. McCulloh, L. E. Bentley, Donaldsonville, La.
OFFICERS: R. W. EDWARDS, Pres.; E. N. Pngh, Vice-Pres.; C. Kline, Sec. & Treas., Donaldsonville, La. GKN-
ERAL OFFICE, Donaldsonville, La.

MOBILE AND BIRMINGHAM RR.— Mobile to Marion June , Ala., 149.4 m.; trackage. Southern
Ry., Marion June, to Selma, Ala., 13.10 m. ; Louis-c. & Nashv. RR., Union Depot to M. & B. RR. Depot. Mobile,
Ala., 0.50m.— total operated, 163.0m.; total track owned (steel, 149.40m.), 167.20 miles. Rail— iron, 51 Ibs.; steel,
56 and 60 Ibs. Gauge, 4 ft. 9 in. Chartered July 2, 1895, as successor to the Mobile and Birmingham Ry. Co.,
whose property was sold under foreclosure, April 27, 1895. (See MANUAL for 1895.) Locomotives, II. Cars-
passenger, 5 ; baggage, etc., 3 ; officers', 1 ; combination, 1 ; freight (box, 100 ; stock, 8 ; flat, 101 ; coal, 50), 259;
caboose, 6 ; other, 53— total, 328.

Operations, year ending June 30, 1897.— Trains run (passenger, 123,144; freight, 132,341 ; other, 66,0>2),
321 ,487 miles. Passengers curried, 68,384 ; carried one mile, 2,726,189. Tons moved, 206,524 ; ton-miles, 25,1 30,-
365. Earnings (passenger, $70,938 ; freight, $271,384 ; other, $16,059\ $358,380. Operating expenses, $289,'-!82.
Net earnings, $69.098 ; other receipts, $252— total, $69,350. Paid interest on bonds, $54,000. Surplus, $15,3.50 ;
surplus forward, $5.898— total, $21,248.

Financial Statement, June 30, 1897.— Capital stock (shares, $100)— preferred, $900,000 ; common, $900,-
000; funded debt (see below), $1,800,000; bills payable (balance car trust), $12,525 ; accounts, etc., $63,858 ; profit

POOR'S MANUAL OF RAILROADS. 189

and loss, $21,248— total, $3,697,631. Contra : Property, franchises, etc., $3,598,440 ; car trust freight equipment,
f 12,525; bills receivable, $9H6 ; cash, §38.401 ; materials, etc., $17,040; current accounts, etc., $30,259— total,
•8,697,631. Funded debt outstanding consists of $600,000 prior lien 5 p.c . 50-yr. $200 and $1,000 gold coup, bonds,
due July 1,1945, interest Jan. and July (auth., $1,000,000), and $1,200,000 1st mtge. 4 p. c. 50-yr. $200 and$1.000gold
bond;*, due July 1, 1945. The 1st mtge. bonds are subject to the prior lien bonds, and the interest coupons thereon, to
and including July 1, 1899, are payable only to the extent that the net income,, if any, permits, and the interest
shall be non-cumulative, but after that date they become an absolute fixed charge. Trustee of bonds : Prior lien,
Central Trust Co., New York ; mtge. incomes, Mercantile Trust Co., New York, N. Y.

Directors (elected April 6, 1898).— Joseph Price, Richard White, London, Bug.; T. P. Fowler, New
York, N. Y.; D. R. Burgess, J. T. Dumas, Leopold Lowenstein, Mobile, Ala.; Thomas G. Bush, Annisto'n, Ala.
OFFICERS : THOMAS G. BUSH, Pres. & Gen. Mgr., Auniston, Ala.; G. G. Duffee, Treas.; J. W. Spratley, Sec. &
And., Mobile, Ala. GENERAL, OFFICE, Mobile, Ala.

MOBBISTOWN AND CUMBERLAND GAP BB.-Morristown to Corryton, Tenn., 40 m.;
sidings, etc., 4 miles. Gauge, 4 ft. 8i in. Rail (steel), (50 Ibs. Locomotives, 2. Cars— passenger, 3; freight (box,
3; flat, 3), 6— total, 9. Chartered 1890 ; road built m 1891. Receiver appointed Nov. 10, 1892. Unofficially re-
ported sold under foreclosure Feb. 19, 1898, and company reorganized as the Knoxville and Bristol RR. Co. (see
GENERAL INDEX).

Operations.— All information refused.

Financial Statement.— Capital stock, $1,000,000. Funded debt outstanding consists of $1,000,000 1st
mtge. G p. c. 30-yr. $1,000 gold bonds, due Jan. 1, 1921, interest Jan. and July; authorized at rate of $25,000 p. m.
OFFICERS : JAMES T. SHIELDS, JKec.; H. M. Aiken, Gtn. Mgr.; F. P. Tate, Aud. & Treas., Morristown, Tenn.
GENERAL OFFICE, Morristown, Tenn.

MOSS POINT AND PASCAGOTJLA BB.— Moss Point to Pascagonla, Miss., 6 m.— total track
(steel), 7 miles'. Gauge, 4 ft. 9 in. Chartered Aug. 24, 1894: road opened as above, May 1. 1895. Locomotives, 2.
Cars— passensrer, 3; baggage, etc., 1 — total, 4. Other equipment supplied by the L. & N. RR. Co.

Operations, year ending June 30, 1897.— Gross earnings, $7,604. Operating expenses, $5,74B. Net earn-
ings, $1,859.

Financial Statement.— Capital stock (auth., $50,000; shares, $100), $40,000. In the Chancery Court at
Scranton, Miss., a bill was filed in Jan., 1897, to set aside a mtge. for $40,000 executed in favor of the Fanners'
Loan and Trust Co. of New York, on May 1, 1896, the charge being that the mtge. is fraudulent and void.

Directors.— J. W. Stewart, O. Randall, A. S. Denny, M. M\ Watkins, H. N. Dantzler, Jr., I. K. McLeod,
L. N. Dantzler, J. K. McLeod, Moss Point, Miss. OFFICERS: J. W. STEWART, Pres.; O.Randall, Vice-Pres.;
C. H. Wood, Sec. & Treas.; A. P. Cassils, Mgr., Moss Point, Miss. GENERAL OFFICE, Moss Point, Miss.

NASHVILLE AND KNOXVILLE BR.— Lebanon to Monterey, Tenn., 79 m.; branch. Junction
to Carthage, Tenn., 7.8 m.— total, 86.8 miles. Sidings, 3.5 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 Ibs. Char-
tered March 22, 1884; road completed in 1894. (See MANUAL for 1894.) Extension from Monterey to the coal
fields of Overton and Fentress counties is projected. Locomotives, 5. Cars— passenger, 4; baggage, etc., 1 ;
freight (box, 6; flat, 23; coal, 35), 64; other, 1— total, 70.

Operations, year ending June 30, 1897.— Trains run (mixed, 55,650; other, 13,612), 69,262 miles. Passen-
gers carried, 26,689; carried one mile, 800,670. Tons moved, 32,212; ton-miles, 966,360. Earnings (passenger,
$20,361; freight, $58,157; other, $7.430), $85,948. Operating expenses, $50,979. Net earnings, $34,970. Payments:
Interest on bonds, $9,870; other payments, $25,100— total, $34,970.

Financial Statement, June 30, 1897.— Capital stock (auth., $500,000: shares, $100), $372,700; funded
debt, $1,184,000; current accounts, $7,935; bills payable, $251,004; other liabilities, $343,070— total, $2,158,709.
Contra: Cost of road, $1,773,020; rolling stock, $67,430; accounts, $60,983: cash, $13,692; profit and loss, $243,584
—total, $2,158,709. Funded debt consists of 1st mtge. 6 p. c. 30-yr. $1,000 coup, gold bonds, daled May 1, 1888,
interest May and Nov., at office of trustee, Mercantile Trust Co., New York, N. Y.; authorized issue of bonds,
$2,000.000, being at the rate of $20.000 p. m. on the road between Lebanon and the coal fields of Overton and
Fentress counties, and on the Carthage branch, in all about 100 miles of road.

Directors (elected April 28, 1897).— A. J. CrawTord, J. P. Crawford, Terre Haute, Ind.; H. A. Crawford, St.
Louis, Mo.; John L. Crawford, L. S. Hoyt, New Castle, Pa. OFFICERS : A. J. CRAWFORD, Pres., Terre Haute,
Ind.; H. A. Crawford, Vice-Pres., St. Louis, Mo.; J. A. Crawford, Sec. & Treas., New Castle, Pa.; T.W.Stewart,
Supt., Cookville, Tenn. GENERAL OFFICE, Lebanon, Tenn.

NASHVILLE, TELLICO AND CHABLESTON BY.-Athens to Tellico Plains, Tenn., 23
miles. Gauge, 4 ft. 9 in. Rail, 56 Ibs. Successor to the Nashville and Tellico RR. Co. (See MANUAL for 1893.)

Operations.— All information refused. For latest statement see MANUAL for 1896, page 248.

Directors.— Jas. P. McDonald, J. C. Anderson, Athens, Tenn.; Jackson Smith, W. Kenneflck, Wm. P.
Denor, Knoxville, Tenn. OFFICERS : H. J. ENGELSING, Receiver; JAS. P. MCDONALD, Pres., Athens, Tenn.; R.
Z. Roberts, Vice-Pres., Knoxville, Tenn.; O. R. Brigham, Supt., Athens, Tenn. GENERAL OFFICE, Athens, Tenn.

NATCHEZ, BED BIVEB AND TEXAS BB.— Vidalia to Black River, La., 25 m.; total track
(steel; 35 Ibs.), 27 miles. Gauge, 3ft. (For history, see MANUAL for 1892.) The road was sold under foreclosure
on March 13, 1897, and was bid in by the estate of Joseph P. Hale, New York, N. Y. Locomotives, 2. Cars— pas-
senger, 3; baggage, etc., 1; box, 25; flat, 15; caboose, 1— total, 45. All information as to the present status of the
property refused. (See MANUAL for 1897, p. 185.) HUGH POKTER, Pres. & Trent., New York.N. Y.; C. A. Gard-
ner, Vice-Pres. & Gen. Mgr., Vidalia, La. ; Wm. H. Murphy, See., New York, N. Y. GENERAL OFFICE, Vidalia, La.

NATCHITOCHES AND BED BIVEB VALLEY BY.-Cypress to Grand Ecore, La., 16 m.;
sidings, 1 mile. Gauge, 4 <t. 8£ in. Rail (steel), 50 Ibs. Chartered Nov. 8, 1894, as successor to the Natchi-
toches and Red River Valley RR. Co., whose property was sold under foreclosure in Nov., 1894. (See MANUAL
for 1895.) Locomotives, 2. Cars— passenger, 3; freight (box, 3; flat, 6), 9— total, 12.

Operations, year ending June 30, 1897.— Trains run (mixed), 8,940 miles. Earnings (passenger, $6,485;
freight, g!9,975; other, $2,820), $29,280. Operating expenses, $19,667. Net earnings, $9,613. Paid interest on
bonds, $5,760.

Financial Statement, June 30. 1897.— Capital stock (shares, $100), $100,000; funded debt (1st mtge. 6
p. c. 40-yr. bonds, dated Nov. 1, 1894, interest May 1 and Nov. 1, at New Orleans, La.), $96,000— total, $196,000.
Cost of road, etc., $191,475.

Directors.— L. Caspari, Natchitoches, La.; B. Beer, E. B. Kruttschnitt, New Orleans, La.; W. J. Behan,
Whitecastle, La.; L.Chopin, Chopin, La.; Joseph Henry, Derry, La. OFFICERS: L. CASPARI, Pres., Natchi-
toches, La.; W. J. Behan, Vice-Pres., Whitecastle, La.; B. Beer, Treas., New Orleans, La.; A. K. Glover, Aud.
& Supt., Natchitoches, La. GENERAL- OFFICE, Natchitoches, La.

NEW OBLEANS AND NOBTHWESTEBN BY.-Natchez, Miss., to Bastrop, La., 102 miles.
Sidings, 3.75 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Chartered Dec. 27, 1887 ; road completed as above

190 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.

in May, 1894. Receiver appointed Aug. 28, 189*1. (See MANUAL for 1893.) On Feb. 21, 1898, the Court ordered
the transfer of the property to the company, and the latter took possession the following day. Locomotives, 7.
Cars— passenger, 2 ; baggage, etc., 2 ; freight (box, 40 ; flat, 80 ; coal, 10), 130 ; caboose, 1— total, 135.

Operations, year ending June 30, 1897.— Gross earnings, $130,907. Operating expenses, $87,787. Net
earnings, $43,120.

Financial Statement, June 30, 1895 (latest rendered).— Capital stock, (auth., $15.000,000 ; shares, $100),
$4,500,000 ; funded debt, $1,540,000*; receiver's certificates, $446,345 ; interest on receiver's certificates, $10.347 ;
current accounts, $23,556 ; other liabilities, $8,456— total, $6,528,703. Contra: Cost of road. $1,270,247: rolling
stock, $65,605 ; real estate, etc., $5,000 ; bills, accounts and cash, $7,533 ; profit and loss, $5,180,258— total,
$6,528,703. Funded debt consisted, June 30, 1895, of 1st mtge. (auth. $12,000 p. m.) 5 p. c. 50-yr. $1,000 gold coup,
(with registration privilege) and reg. bonds due Jan. 1, 1940, interest Jan. and July. All the 1st mtge. bonds
issued were given as collateral and forfeited. None have been put on the market or sold, and no interest has
been paid on them. Trustee : Central Trust Co., New York, N. i .

On the authority of the treasurer of the company it may be stated that the cost of road as of April 8, 1898,
amounted to $1,732,360.55, and that there were outstanding on the same date $2,000,000 of 1st mtge. bonds and
$500,000 of 2d mtge. collateral trust bonds. These latter were issued to take up receiver's certificates. With
these emendations the foregoing financial statement is reported to be correct as of the date named before.

Directors.— Chas. Hyde, Plainfield, N. J.; Chas. L. Hyde, New York, N. Y.; F. de L. Hyde, Louis K.
Hyde, Titusville, Pa.; E. S. Drake, Port Gibson, Miss.; A. H. Foster, Geo. W. Koontz, A. G. Campbell, Jas. W.
Lambert, Natchez, Miss. OFFICERS: CHARLES HYDE, Pre»., Plainfleld, N. J.; Louis K. Hyde, Vice-Pres. <fc Gen.
Mgr.; F. de L. Hyde, 2d Vice-Pres., Titusville, Pa.; J. M. Barkley, Treat.; J. W. Lambert, Sec., Natchez, Miss.
GENERAL OFFICE, Natchez, Miss.

NEW ORLEANS AND WESTERN RR.— Port Chalmette to Shrewsbury, La., 14m.; Southporl
branch, Shrewsbury to Southport, La., 2m.— total, 16 miles. Sidings, etc., 22 miles. Gauge, 4 ft. 81 in. Rail
(steel), 60 Ibs. Chartered Jan. 17, 1895; road opened Jan. 11, 1896. This company owns extensive terminal
facilities at Port Chalmette, La., on the Mississippi River, including 2.300 acres of land, 2,500 feet of covered
wharf, 80 warehouse?, 5 cotton compresses, grain elevator, water works, etc. Connects with every railroad en-
tering the city of New Orleans, La. The road was placed in the hands of a receiver on Jan. 10, 1898, interest on
bonds being in default since July, 1897. Locomotives (including 2 leased), 6. Cars— passenger, 8 ; freight (fla;,
66 ; box, 30), 96 ; hand, 2 — total, 106. In addition, the company owns and operates four electric motors for service
in terminal yards and on -wharves.

Operations.— All information refused.

Financial Statement, Jan. 1, 1897 (latest rendered).— Capital stock ($100 shares), $6,000,000 ; funded
debt 1st terminal mtge. 5 p. c. $1,000 gold coup, bonds issued July 15, 1895, due July 1, 1946, interest Jan. and
July, $2,000,000— total, $8,000,000. Interest payable at the office of the trustee. State Trust Co.. New York, N. Y.,
or at the company's office, New Orlea_ns, La. There are also outstanding $600,000 of an authorized issue of
$2,000,000 2d mtge. bonds, which were issued in 1897 to fund the floating debt and provide for improvements.

Directors (elected Feb. 9, 1897).— Wm. Mason Smith, Wm. W. Bierce. Edgar H. Farrar, Thos. G. Hardie,
Chas. E. Levy, Oscar L. Putnam, E. Bornemann, Jules Mazerat, Wm. Atkinson, Jno. M. Parker, New Orleans,
La.; W. C. Dotterer, Port Chalmette, La.; Chas. B. VanNostrand, New York, N. Y. OFFICERS : CHAS. B. VAN
NOSTRAND, Eec. & Pres., 36 Wall St., New York, N. Y. ; W. C. Dotterer, Vice-Pres.; G. McD. Nathan, Sec., Treas.
A And., New Orleans, La. GENERAL OFFICE, New Orleans, La.

NEW ORLEANS, FORT JACKSON AND GRAND ISLE RR. -New Orleans to Buras, La.,
59.6 m.; Socola June, to Grand Bayou, La., 1.3 m.— total, 60.9 miles. Spur track, 2 miles. Gauge, 4 ft. 8i in.
Road completed in 1891. It is proposed to build an extension from Buras to Fort Jackson, connection made
at Myrtle Grove with steamer for Grand Isle. Locomotives, 6. Cars— passenger, 10 ; baggage, etc., 4 ; freight,
74— total, 88.

Operations and Financial Statement.— All information refused.

Directors.— Frank T. Howard, A. Baldwin, A. B. Wheeler, A. Socola, C. H. Hyams, Jr., A. H. Morris,
New Orleans, La.; H. C. Warmoth, Magnolia, La. OFFICERS : H. C. WARMOTH, Pres., Lawrence, La.: Albert
Baldwin, Treas.; Jas. Wilkinson, Sec.; Frank L. Place, Aud., New Orleans, La. GENERAL OFFICE, New Orleans, La.

NORTHERN ALABAMA RY.— Sheffield to Parrish, Ala., 95.9 m.; Riverton to Riverton June., Ala.,
11.10 m. ; various branches to mines, 12.01 m.— total, 119.01 miles. Gauge, 4 ft. 9 in. Rail (steel, 113.76 m.), 56 Ibs.
Successor, Dec. 1, 1895, to the Birmingham, Sheffield and Tennessee River Ry. Co., whose property was sold under
foreclosure, Sept. 16, 1895. (See MANUAL for 1895.) Locomotives, 10. Cars— passenger, 2 ; baggage, etc., 2 ; com-
bination, 1 ; freight (box, 81 ; flat, 19 ; other, 250), 350 ; service, 11 ; other, 146— total cars, 514, of which 378 are
leased.

Operations, year ending June 30, 1897.— Trains run (passenger, 53,588 ; freight, 121,701 ; mixed, 7,754 ;
other, 27.473V 210,516 miles. Passengers carried. 22,813 ; carried one mile, 531,805. Tons moved, 368,416 ; ton-
miles, 1,763,694. Earnings (passenger, $16,733 ; freight, $149,357 ; other, $5,541), $171,631. Operating expense!",
$123,261. Net earnings, $48,369. Payments : taxes, $13,943 ; other payments, $6,874— total, $20,817. Surplus,
$27,552 ; surplus forward, $16,831— total, $44,383.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $2,000,000 ; funded debt (1st mtge.
5 p. c. 30-yr. $1,000 coup, bonds, due Jan. 1, 1926, interest Jan. and July ; auth., $3,000,000), $1,700,000 ; equip-
ment trust obligations, $104,378; loans and bills payable, $2,000 : vouchers, accounts, etc., $23,692; profit and
loss, $44,383— total, $3,874,453. Contra : Cost of road, etc., $3,859,742 ; cash, $2,938 ; current accounts, $11,773—
total, $3,874,453. Trustee of bonds : Knickerbocker Trust Co., New York, N. Y.

Directors.— Robert E. Tod, Richard Ontwater, New York, N. Y.; Wm. D. Frismnth, John J. Collier, S. H.
Browne, Jas. G. Leiper, Philadelphia, Pa.; R. T. Simpson, Florence, Ala. OFFICERS: ROBERT E. TOD, Pr«.,
New York, N. Y.; John J. Collier, Sec., Philadelphia, Pa.; Samuel Hunt, Gen. Mgr., Cincinnati, O.; L. Long,
Aud., Sheffield, Ala. GENERAL OFFICE, Sheffield, Ala.

PORTSMOUTH AND TYGART VALLEY RR.— Lawton June, to Brinegar, Ky., 6.25 miles.
Rail (iron), 50 Ibs. Gauge, 4 ft. 8^ in. Road opened May 25, 1893. Locomotive,!.

Operations, year ending June 30, 1897.— Earnings (fi eight), $5,645. Operating expenses, $5,505. Net
earnings, $140 ; surplus forward, $3,562— total, $3,702.

Financial Statement, June 30, 1897.— Capital stock, $100,000 ; bills payable, $30,000 ; accounts, $1,313 ;
profit and loss, $3,702-total, $135,015. Contra: Cost of road, etc., $135,000 ; cash, $15— total, $135,015.

Directors (elected May 4, 1897).— A. T. Johnson, S. P. Adams, Portsmouth, O. ; C. E. Bowen, J. E. Tritsch,
Logan, O.; Thos. Powell, Sciotoville, O. OFFICERS: A. T. JOHNSON, Pres. & Treas., Portsmouth, O.; C. K.
Bowen, Vice-Pres., Logan, O.; S. P. Adams, Sec. & Gen. Mgr., Portsmouth, O. GENERAL OFFICE, Portsmouth/).

ST. LOUIS, AVOYELLES AND SOUTHWESTERN RY.-BunkietoSimmesport, La., 26m. ;
branch, June, main line to Marksville, La., 10 m.— total, 36 m. ; sidings, 6 miles. Gauge, 4 ft. 8£ in. Rail (steel,
26 m.), 45 and 56 Ibs. Organized in Sept., 1894 ; construction begun in 1895 ; road completed March 26, 1896.

POOR'S MANUAL OF RAILROADS. 191

Connects at Bunkie with the Texas and Pacific Ry. Receivers appointed on July 24, 1896. Locomotives, 2.

Receivers' General Balance Sheet, June 30, 1897.— Current liabilities, $7.771 ; receivers' certificates,
$43.500 ; gross earnings, $37,222 ; miscellaneous, $166— total, 888,659. Contra : Cost of road improvements, $42,-
ijiil ; of equipment, §11,856 ; operating expenses, $22,548 ; cash and current assets, $2,025 ; court expenses, $7.000-
taxes and insurance, $2,112 ; rentals, 3M2G— total, $88,659.

Financial Statement, June 30, 189r.— Capital stock (anth., $1,000,000) issued, $720,000; funded debt (1st
mtge. 5 p. c. 30-yr. $1,000 gold coup, bonds, due Aug. 24, 1925, interest April and Oct.), $360,000— total stock and
bonds, $1,080,000. Default was made on interest due Oct. 1, 1896. Trustee of bonds : Royal Trust Co., Chicago,
111., at whose office interest is payable.

Directors (elected Sept. 1, 1897).— W. H. Peterman, H. J. Fitch, Marksville, La. ; E. Dreuil, W. B. Spen-
cer, New Orleans, La.; J. H. Ranger, New York, N. Y. OFFICERS : H. H. YOUREE, Shreveport, La., and W. H.
I'ETERMAN, Marksville, La., Receivers; W. H. PETERMAN, Pres., Marksville, La.; E. Dreuil, Vice-Pref., New
Orleans, La.; E. H. Cochran, Sec., Marksville, La. GENERAL OFFICE, Marksville, La.

SEABOARD RR. OF ALA.— Nannahubba to Tiger, Ala., 26 m.; branch, main line into woods, 5 m.
—total, 31 miles. Gauge, 3 ft. Rail (steel, 26 m.), 35 and 40 Ibs. Chartered Jan. 20, 1890 : road opened in 1891.
(See MANUAL, for 1893.) R.-ceiver iippointed July 6, 1896 ; road sold under foreclosure on May 10. 1897, and pur-
chased by Sanford B. Ladd, Frank Hagerman and James L. Lombard, as trustees of the bondholders. Receiver
discharged June 7, 1897, but continues to operate the road as agent for the purchasers. An extension of five miles
is under construction. Locomotives, 6. Cars— passenger, 3 ; freight (box, 4 ; stock, 2 ; flat, 10), 16 ; other, 78—
total, 97.

Operations, year ending June 30, 1897. — Passengers carried, 1,356 ; carried one mile, 6,784. Earnings
(passenger, $193 ; freight, $16,222 ; other, $131), $16,546. Operating expenses, $14,694. Net earnings, $1,852 ;
other receipts, $1,844— total, $3,696. Paid taxes, $888. Surplus, $2,809.

Balance Sheet, year ending June 30, 1897.— Audited vouchers and accounts, $1,426; balance, $2,967—
total, $4,393. Contra : Cash, $1,752 ; accounts, ?2,641— total, $4,393.

Officers.— S. T. Prince, Mgr. & Agt.for Purchasers, Mobile, Ala.; J. M. Van Deusen, Supt., Fairford, Ala.
GENERAL OFFICE, Mobile, Ala.

TALLASSEE AND MONTGOMERY RY.— Projected : T.illassee to Montgomery, Ala., 35 miles.
Completed, July 30, 1896 ; Tallassee Jet. to Milstead (W. Ry. of Ala.), Smiles. Gauge. 4 ft. 8} in. Rail (steel),
56 Ibs. Chartered Aug. 10, 1895 ; road opened early in 1896. Surveys completed to Montgomery. Being built in
the interest and for the development of the water power at Tallassee, Ala., owned by the Tiillassee Falls Mfg. Co.
Locomotive, 1. Cars— passenger, 1 ; baggage, etc., 1 ; freight (box, 1 ; flat. 1), 2— total, 4.

Financial Statement.— Capital stock (shares, $100) authorized »nd paid in, $75,000. No bonds. Cost of
road, etc., to date, $88,000. Estimated cost of completed road, $100,000. Financial agents in New York, Lehman
Bros.

Directors.— Jno. W. Durr, S. Roman, Jos. Goetter, Wm. H. Micon, Jr., Montgomery. Ala. A. J. Milstead,
F. D. Milstead, W. H. Micou, Tallassee, Ala. OFFICERS : A. J. MILSTEAD, Pres. & Supt., Tallassee, Ala.; Wm.
H. Micou, Jr., Sec.; S. Roman, Treas., Montgomery, Ala.; T. J. Hunter, Aud., Atlanta, Ga. GENERAL OFFICE.
Montgomery, Ala.

TTJSKEGEE RR.—Tuskegee to Chehaw, Ala., 5.5 miles. Gauge, 3 ft. Rail (steel), 56 Ibs. Chartered
Feb. 20, 1800 ; reorganized afier sale in 1871 by the present copartnership, composed of E. T. Varner, Mrs. L. V.
Alexander, and Campbell <fc Wright each owning one-third interest. Locomotives, 2. Cars— passenger, 2 ; bag-
gage, etc., 1 : freight (box, 3; flat, 4), 7— total, 10.

Operations, year ending June 30, 1897.— Trains run (mixed), 16,060 miles. Passengers carried, 9,196 ;
carried one mile, 50,578. Tons moved, 8,254 ; ton-miles, 45,397. Earnings (passenger, $4,598 ; freight, $9,075 ;
other. $4 ill, $14,094. Operating expenses, $13,756. Net earnings, $338. Deductions (net), $1,210. Deficit, $872:
surplus forward, $3,057 ; net surplus, $2,186. A dividend of $1,437 was paid from the earnings of the past fiscal
year.

Financial Statement, June 30, 1897.— Cost of road and equipment, $60,469. Cash assets, $2,186. Contra:
Balance, $2, ISO.

Omoers.— E. T. VARNER, Pres.; W. H. Wright, Sec., Treas. & Gen. Mgr., Tuskegee, Ala. GENERAL
OFFICE, Tnskegee, Ala.

WATATJGA RR.— Projected : Watauga, Tenn., to Watauga Point, 4 m. ; Watanga Point to Plato, Tenn.,
13 m.— total, 17 miles. Completed: At Watauga, Tenn., 1 mile. Gauge, 4 ft. 8± in. Rail (steel), —Ibs. Char-
tered March 26, 1895, as successor after foreclosure sale of the Watauga Valley RR. Co. The road is operated
under contract by the Southern Ry. Co. Capital stock (anth., $100,000 ; shares, $100), $25,000.

Directors.— H. S. Chase, Boston, Mass. ; John W. Hoffman, C. T. Thompson, L. W. Baringer, Philadelphia,
Pa.; J. H.Barr, Chattanooga, Teun. OFFICERS: H. S. CHASK, Pres., Boston, Mass.; Chas. T. Thompson, Sec.,
Philadelphia, Pa. GENERAL OFFICE, 8 Congress Street, Boston, Mass.

WEST VIRGINIA, PINEVILLE AND TENNESSEE RR.-Junc. L. & N. RR., at Pineville,
to Truxton, Ky., 2.86 miles. Gauge, 4 ft. 8J- in. Rail (steel), 64 Ibs. Chartered in June, 1888 ; road opened in
1892. Operated by the L. & N. RR. Co., which supplies equipment.

Operations, year ending June 3 ), 1896.— All information refused.

Financial Statement June 30, 1896 (latest rendered).— Bills payable, $126,291 ; accounts, $10,558 :
profit and lo?s, $914— total, $137,763. Contra: Cost of road, $134,575; accounts, $3,188— total, $137,763. No
securities yet issued ; but the Southern Land Improvement Co. ho'ds the note of the company, due 5 years from
Oct. 5, 1892, without interest, and will, at the proper time, accept stock and bonds in payment.

Directors.— J. D. Blnke, Minneapolis, Minn.; R. Chichester, Pineville, Ky.; J. W. Buchanan, Frank D.
Swope, E. McConn, Maxwell S. Barker, Louisville, Ky.; John G. Taylor, Chicago, III.; L. C. Barnett, Superior,
Wis.; M. E. Trnx, Sparta, 111. OFFICERS : J. W.BUCHANAN, Bee., Pineville, Ky.; J. D. BLAKE, Pres., Minne-
apolis, Minn. GENERAL OFFICE, Pineville, Ky.

192 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

SOUTHWESTERN GROUP— States of Missouri, Arkansas,
Texas, Kansas, Colorado, New Mexico, and Indian Country.

lroads associated with others, forming Systems, or those reporting for the calendar year, if not in
alphabetical order following, may be found by referring to the GENERAL INDEX.

CHOCTAW, OKLAHOMA AND GULF RAILROAD COMPANY.

Main Line of Road.— Wister, I. T., to Fort Reno, O. T ................... 216.10 miles.

Branch : Hartshorne, I. T. , to Qowen, I. T ................................. 3.10 "

Total length of lines operated, June 30, 1897 ............................. 219.20 miles.

Sidings, etc., 31.93 miles. Gauge, 4 ft. 8£ in. Rail (steel), 67 Ibs.

History. — Reorganization, Oct. 3, 1894, of the Choctaw Coal and Ry. Co., whose property
was sold under foreclosure Sept. 8, 1894. Road opened as above Oct. 1, 1895 (see MANUAL
for 1895, p. 230. and MANUAL for 1896, p. 257).

Rolling Stock, Oct. 31, 1897. — Locomotives, 15. Cars — passenger, 6; combination, 4 ;
baggage, etc., 2 ; freight (box, 60 ; stock, 250 ; flat, 25 ; coal, 1,000), 1,335 ; caboose, 5 ; other,
5 — total carp, 1,857.

Operations, year ending June 30, 1897. — Train mileage — passenger, 180,840 ; freight,
166,318 ; other, 73,514— total, 420,672 miles. Passengers carried, 121,950 ; carried one mile,
4,445,855. Tons freight moved, 442,768 ; moved one mile, 23,870,703.

Earnings, etc., year ending Oct. 31, 1897 :

Passenger $128,827 54

Freight 538,749 41

Mail and Express 17,17338

Miscellaneous 28,885 66

Total ($3,255.64 per mile) $713,635 99

Expenses— Conducting Transportation $127,271 96

Maintenance of Equipment 53,175 82

Maintenance Way & Bldgs 127,883 91

General 42,308 29

Total (Jl,599.91 per mile) $350,699

Net earnings (50.86 p. c.), $362,936.01; add telegraph earnings, $2,121.70; miscellaneous,
$3,858.74; coal mines' profits, $24,387.99— total, $393,304.44. Payments : Interest on bonds
(prior liens, $60,000 ; gen. mtge., $149,611.05), $209,611.05 ; on equipment leases, $5,839.26 ;
taxes, $16,362.98 ; other, $13,632.43— total, $245,445.72. Surplus, $147,858.72 ; surplus for-
ward ($60,525.91 ; less amount expended for addition and betterments mines, $57,193.24),
$3,332.67— total, $151,191.39.

General Balance Sheet, Oct. 31, 1897.

Cost of Road and Mines $11,216,019 07

Cost of Rolling Stock 585,228 49

Stocks Owned 41,115 24

Materials and Fuel on Hand 27,407 73

New Machinery and Tools 4,616 34

Telephone Line 1,402 17

Bills Receivable 2,918 85

Current Accounts 94,878 32

Cash on Hand 111,625 71

Due from Cos., RRs., Agents, etc 47,774 54

Total Assets $12,132,986 46

Common Stock (shares, $50)... ,.,,,n.. $3,750,00000

Preferred Stock (shares, $50) ." 3,997,264 55

Funded Debt Outstanding (see below) . . . 4,000,783 21

Land Sales 65,909 89

Current Accounts 56,019 36

Accrued Interest on Bonds 58,84105

Hospital Funds 1,175 21

Pay Rolls and Accrued Taxes 51,801 80

Profit and Loss 151,191 39

Total Liabilities $12,132,986 46

Funded debt (total, $4,000,783.21) outstanding consisted, Oct. 31, 1897, of the following :

Prior lien 6 p. c. 25-yr. $1,000 gold coup, bonds, dated Oct. 3, 1894, interest April 1 and Oct. 1. .$1,000,000 00
Gen. mtge. 5 p. c. 25-yr. $1,000 coup, bds., dated Oct. 3, 1894, int. (from J. 1, 1895), J. 1 & J. 1. 2,995,809 61
Income mtge. 5 p. c. 50-yr. bds., dated Oct. 3, 1894, int. non-cumulative & payable when earned. 4,973 60

The prior lien bonds are secured by mtge. upon the railroad and branches between Wister June, and
Ft. Reno and future extensions, the rolling stock now owned or hereafter to be acquired, and all coal lease-
hold estates; they are redeemable after five years at 105 at the option of the company. Trustee: Finance Co.
of Pennsylvania, Philadelphia, Pa.

The authorized amount of gen. mtge. 'bonds is $5,500,000. The are secured by 2d mtge. upon all the
aforesaid property of the company; $1,000,000 are reserved for retirement of prior lien bonds. The bonds
outstanding under the prior lien and gen. mtges. cannot, at any time, exceed, in the aggregate, $25,000 for
each completed mile of single track exclusive of sidings. In June, 1896, $1,200,000 of these bonds were ex-
changed for new preferred stock (see below). Trustee: Girard Life Insurance, Annuity and Trust Co., Phila-
delphia, Pa.

The authorized amount of income bonds is $1,100,000; they are gold bonds secured by 3d. mtge. upon

POOR'S MANUAL OF RAILROADS. 193

all the property of the company. Tn June, 1896, practically all the income bonds and scrip (total, $1,095,-
026.40) were exchanged for the new issue of preferred stock (see below). The amount outstanding ($4,973.60)
may be converted into preferred stock at the rate of 11 shares of stock for $1,000 bond. Trustee: Finance Co.
of Pennsylvania, Philadelphia, Pa.

In June, 1896, an issue of 80,000 shares of preferred stock, of the par value- of $50, was made to retire
$1,200,000 of the general mortgage bonds and all of the income mortgage bonds (although four of the latter
have not yet been surrendered), and to raise $650,000 in cash with which to pay $308,000 car trusts, to build
an extension of 6 miles to the Kansas City, Pittsburg and Gulf RR. and for betterments, etc. (see MANUAL
for 1897, p. 189). During the past year all the car trust obligations of the company were extinguished.

Preferred stock is entitled to 5 p. c. dividends (cumulative after Nov. 1, 1897)
before any dividend can be paid on common stock. The latter is all held in a voting trust
which expires July 1, 1899. Interest on bonds payable at the company's office, Phila-
delphia, Pa.

Directors (elected Jan. 10, 1898). — Charles Hartshorne, Alan H. Reed, Effingham B.
Morris, G. H. Earle, Jr., Sidney F. Tyler, Edward B. Smith, Edward D. Toland, Spencer M.
Janney, Philadelphia, Pa.; W. A. Wilbur, So. Bethlehem, Pa.

FRANCIS I. GOWEN, President Philadelphia, Pa.

Sec. <£• Treas.—3. Parke Hood Philadelphia. Pa. I General Hqr. — Henry Wood South McAlester, I. T.

Traffic Manager— Jas. F. Holden..So. McAlester, I. T. | Auditor— S. J. Haydon

PRINCIPAL OFFICE AND ADDRESS 420 Walnut St., Philadelphia, Pa.

Operating Office South McAlester, Ind. Ter.

COLORADO MIDLAND RAILWAY COMPANY (THE).

Main Line of Road. — Colorado Springs to New Castle, Col 229.13 miles.

Leadmlle Branch : Arkansas Junction to Leadville, Col 3.84 m.

Aspen Branch : A^pen Junction to Aspen, Col .18.40 m.

Spring Gulf Branch : Cardiff to Spring Gulch. Col 15.00 m.— 37.24 "

Leased Jointly : Rio Grande Junction RR.: Rifle Creek to end of R. G. Jet. Ry. .62.08 "

{n ^ T? a TfTf ^ New Castle to Rifle Creek, Col 13.41 m.
1}. & H. U. HM.. j End R G j Ry to Qrand Jct Col 0 5? m
AT.<fe£lT..Zty..-Un'nDep.toCol.Mid.Ry.T'ks,Col.Sp'gs. 0.45m.— 14.43 "

Total length of all lines operated, Feb. 28, 1898 342.88 miles.

Sidings, etc. (owned), 56.56 miles. Gauge, 4 ft. 8£ to. Rail (steel), 60 and 65 Ibs.

History. — The Colorado Midland Ry. Co. and the Aspen Short Line Ry. Co., were con-
solidated on Dec. 1, 1893, under the name of the Colorado Midland RR. Co., and leased
the Busk Tunnel Ry. which was completed in November, 1893 (see MANUAL for 1897, p. 190).
On Feb. 2, 1894, the then receivers of the Atchison, Topeka and Santa Fe RR. Co., were also
appointed receivers of the Colorado Midland RR. Co., operating the property as such until
May 1, 1895, when a separate receiver was appointed. Road sold under foreclosure of the
first and consolidated mortgages on Sept. 8, 1897, and the company reorganized as The Colo-
rado Midland Ry. Co. (chartered Oct. 11, 1897), in pursuance of the plan of reorganization pub-
lished on page 1292 of the MANUAL for 1897. The new company, which took possession of
the property on Nov. 1, 1897, did not assume the lease of the Busk Tunnel Ry., and is now
operating the original line over Hagerman Pass.

Rolling Stock, Feb. 28, 1898. — Locomotives, 55. Cars — passenger, 25; baggage, etc., 14;
freight (box, 671 ; stock, 25 ; flat, 156 ; coal, 601 ; caboose, 24), 1,477 ; other, 7— total cars,
1,523. Of this equipment, 3 locomotives, 4 baggage, etc., 180 box, 48 flat, 98 coal and 5
caboose cars are held under car trusts.

Operations (Col. Mid. RR. Co.), year ending June 30, 1897. — See tabulated statement
on, p. 194.

Earnings— Passenger $251,260 97

Freight 1,361,970 16

}I ui 1 and Express 47,764 47

Miscellaneous 10,547 72

Total ($4,975.27 per mile) $1 ,671,543 32

Expenses— Conducting Transportation .... $363,441 87

Maintenance Equipment 617,413 18

Maintenance Way & Buildings. 292,449 07

General 62,884 89

Total ($3,977.05 per mile) §1,336,169 01

Net earnings (20.06 p. c.), $335,374.31. Payments : Interest on bonds, $31,403.36 ; ren-
tals, etc., $184,916.19 ; taxes, $102,900— total, $319,219.55. Surplus, $16,154.76; deficit for-
13

194

POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

ward, $1,100,709.84 ; net deficit, $1,084,755.08. Less additions and deductions for the year,
$8,348.77. Net deficit as per balance sheet, $1,076,206.31.

Earnings, Expenses, etc. (Col. Mid. Ry. Co.), seven months ending Jan. 81, 1898. —
Earnings— passenger, $166,136.79; freight, $886,980.53; mail, $12,577.67; express, $21,-
616.83 ; other, $10,362.01— total, $1,097,673.83. Operating expenses— transportation, $233,-
893 ; motive power, $247,848.83 ; maintenance of cars, $155,065.45 ; of way, etc., $163,210.55;
general, $46,657.68— total, $846,175.51. Net earnings, $251,498.32 ; other receipts, $9,459.63
— toial, $260,957.95. Payments : Interest on bonds, $101,434.99 ; taxes, rentals of tracks and
terminal?, $82,144.51— total, $183,579.50. Surplus, $77,378.45.

Statement of operations, etc. (Col. Mid. RR. Co.) for eight years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles RR. Operated (Aver.)
Passenger Train Miles

277.00
248,335

826.94

348,047

850.42
413,539

350.42

488,752

343.51
335,113

843.61
343,415

335.97
426,639

335.97
521,362

Freight Train Miles

579,866

719,291

683,352

769,126

692,334

592,334

646,111

502,662

Total Engine Mileage

828201

1 111 368

1,136,582

1 372 584

2,176,775

1,380,244

Passengers Carried

146,503

147 988

132,180

85 434

186,756

164,691

Passengers Carried IMile

5,857,249

8,245 236

7,973,647

4,413 491

8,818,810

7,644,247

Tons Freight Moved

471,890

478,590

518,870

487,273

707,234

631,618

Tons Freight Moved 1 Mile

42,285,463

61,734,951

67,148,201

62,006 829

86,287,003

78,003,654

Earnings— Passenger
Freight

$ . „
1, 4291336

$
294,232
1,591,926

$

308,843
1,705,352

$
332,242
1,686,974

200,943
1,140,188

$

138,729
1,338,492

270,635
1,570,499

251,261
1,361,970

Mail & Express.
Other

40,331

57,719
24,390

62,747
26,658

71,765
49,025

77,651
44,474

69,968
45,278

45,622
19,624

47,764
10,548

*

Total Earnings

1,724,791

1,968,267

2,103,600

2,140,006

1,468,256

1,592 467

1,906,280

1,671,543

Operating Expenses

1,165,848

1,386,899

1,540,017

1,798,377

1,341,589

1 223510

1,348,213

1,336,169

Net Earnings

568,943

581,867

563,583

341,629

121,667

368,947

558,067

335,374

Payments : Int. on Bonds..
Other Interest.

462,774
5,865

522,300
5,917

596,860
38,247

595,023
55,339

602,387
88,829

598,668
8,845

36,193

31,403

Taxes

78,998

76248

90,607

109,231

115,500

105 750

103 189

102,900

Rentals, etc. . , .

8,800

54,462

76,267

71,401

86,602

146,373

190,053

184,916

Total Payments

556,438

658927

801,980

830,995

893 317

859,637

329385

319,219

Balance ( + or — )

+ 2 506

77 559

238 397

— 489,366

771 650

490 689

+228 682

+ 16,155

Gross Earnings per Mile. . .
Gross Expenses per Mile . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile....
Av. Rate p. Ton p. Mile, , , ,

6,22668
4,20883
2,017 85
67. 59 p. c.
4.16c.
S.96C.

6,02027
4,24206
1,77821
70.46 p. C.
3.57c.
2.58C.

. 6,003 08
* 4,394 78
1,60830
73.21 p. c.
3.87c.
2.54C.

6,10686
5,132 06
97480
84. 04 p. c.

4,259 71
3,90558
85418
91. 68 p. c.

4,608 78
3,561 79
1,041 99
76.88 p. c.
3.14c.
2.16 c.

6,67396
4,012 90
1,661 06
70.78 p. c.
8.07 c.
1.82 c.

4,97527
3,977 05
99822
79. 94 p. c.
3.28 c.
1.74 c.

General Balance Sheet, Jan. 31, 1898.

Cost of Road $14,548,511 25

Cost of Rolling Stock 1,101,146 85

Materials and Fuel on Hand.
Betterments, Improvements, etc.

Bills Receivable

Current Accounts

Cash on Hand...

54,882 75
20,713 41
52,971 86
73,218 98
311,669 51

Common stock (shares, $100) $3,421,300 00

Preferred Stock (shares, $100) 4,729,800 00

Funded Debt Outstanding (see below)... 7,267,000 00

Current Accounts 243,08809

Interest on Bonds, provided for in "Cash

Acct." 77,160 00

Estimated Taxes 64,605 88

Hospital Fund, etc 32,782 li»

Reorganizat'n Committee, Col. Mid. Ry. 250,000 00

Profit and Loss 77,378 45

Total Assets $16,163,114 61 Total Liabilities $16,163,114 61

Funded debt outstanding (total, $7,267,000) Jan. 31, 1898, consisted of the following :

1st mtge. 4 p.c. 50-yr. $1,000 gold coup, and reg. (as to princ. only) b'ds, due July 1, 1947, int. J. & J.$6,983,000

*Equip't Tr. 1st series 7 p. c. 10-yr. $1,000 coup, bonds, due Mar. 1, 1898, int. M. & S. (auth., $500,000) 150,000

Equip't Tr. Series B 6 p. c. 10-yr. $1,000 coup, bonds, due Jan. 1, 1900, int. J. & J. (auth., $500,000).. 134,000

* These bonds were redeemed March 1, 1898.

The authorized issue of 1st mtge. bonds is $10,000,000, of which $6,250,000 (Nos. 1 to 6,250 inclusive) bear
interest in cafh at 2 p. c. for three years ending July 1, 1900, 3 p. c. for two years ending July 1, 1902, and
4 p. c. thereafter; the remainder of interest up to 4 p. c., or to the extent not earned, is payable in scrip
convertible into preferred stock voting trust certificates. The remainder of the issue, $3,750,000 (Nos. 6,251
to 10,000) bear interest at the Kite of -1 p. c., payable in cash. The right is reserved until July 1, 1903, sub-
ject to the approval of the mortgage trustee, to make bonds Nos. fi,501 to 10,000 inclusive prior lien bonds.
A sufficient amount of Ists is reserved to retire the equipment bonds as they mature and to provide for the
purchase of the $108,000 Aspen Short Line 1st mtge. 8 p. c. bonds. Bonds amounting to $1,250,000 originally
set aside for the acquisition of the Busk Tunnel will not be issued at present in consequence of the refusal of
the holders of Busk Tunnel bonds to accept the terms proposed in the plan. The bonds outstanding are

POOR'S MANUAL OF RAILROADS. 195

secured on the entire property of the company, except 3 locomotives, 4 passenger cars and 326 freight cars,
which are covered by the $134,000 equipment trust Series B bonds. Trustee: Central Trust Co., New York,
N. Y. The equipment trust bonds are redeemable at 105; trustees: B. Aymar Sands and Charles Woodruff.
Interest on both issues of bonds payable at the office of the Central Trust Co. ,, New York, N. Y.

Preferred stock is entitled to 4 p. c. non-cumulative annual dividends. Authorized
capital stock — common, $4,000,000 ; preferred, $6,000,000. Both classes of stocks will be
held in a voting trust for six years, and thereafter until the first mortgage bonds issued in
exchange for 1st 6s of the former Col. Midland Ry. Co. shall have received 4 p. c. interest
in cash for three successive years. Voting trustees : Frederic P. Olcott, Henry T. Rogers,
Adrian H. Joline, Win. Lidderdale, and Cecil W. Boyle. Registrar, voting trust certificates,
New York Security and Trust Co., New York ; transfer agent, Central Trust Co., New York.

Directors (as constituted April 15, 1898). — Frederic P. Olcott, B. Aymar Sands, James
N. Jarvie, George Sherman, E. Francis Hyde, James N. Wallace, Chas. A. Otis, New York,
N. Y.; Charles F. Ayer, Boston, Mass. ; Geo. W. Ristine, Henry T. Rogers, Chas. Boettcher,
Denver, Col.

GEORGE W. RISTINE, President Denver, Col.

B. Aymar Sands, Vice-Presideni New York, N. Y.

Sec. & Treag.—Osc. Bunke, 41 Wall St., New York, N. Y. Gen. Supt.—E. H. Bryant Colorado Springs, Col.

Assi. to Pres. & Compt.—L. G. Cannon Denver, Col. Auditor— W. S. Wing Dearer, Col.

PRINCIPAL OFFICE AND ADDKESS Denver, Col.

GALVESTON, HOUSTON AND HENDERSON RAILROAD COMPANY.

Line of Road. — Galveston, Tex., to Houston, Tex 50 miles.

Sidings, etc., 31. 40 miles. Gauge, 4 ft. 8£ in. Rail— iron, 52 Ibs. ; steel (50 m.), 52, 56 and 66 Ibs.

History. — Chartered in 1848 ; road opened in 1854 ; foreclosed Dec. 1, 1871, and reor-
ganized Dec. 16, 1871. Defaulted in 1880 ; receiver appointed in Sept., 1880. Again fore-
closed Aug. 1, 1882, and reorganized Dec. 1, 1882. Leased to the International and Great
Northern RR. Co. for 99 years from Jan. 1, 1883, the lessee to receive all surplus over inter-
est and other fixed charges. In December, 1895, this lease was surrendered, and a new con-
tract made for a period of 40 years, by which the Missouri, Kansas and Texas Ry. Co. and the
International and Great Northern RR. Co. have joint trackage rights over the road. This
contract provides for a fixed annual reuul of $62,000 from each of these companies, or a total
of $124,000. Of this amount, $100,000 is to be paid to the Mercantile Trust Co., trustee
under the G. H. & H. mtge., in two semi-annual installments of $50,000 each, to meet the
yearly interest on the 5 p. c. bonds issued under that mortgage.

Rolling Stock, Dec. 31, 1897. — Locomotives, 11. Cars — passenger, 5 ; baggage, etc., 4;
caboose, 2; other cars, 10— total cars, 21.

Operations, year ending Dec. 31, 1897. — See tabulated statement on p. 196.

Earnings— Passenger $43,239 67

Freight 128,601 65

Mail and Express 9,911 00

Trackage 124,000 00

Miscellaneous 6,851 93

Total ($6,252.09 per mile) $312,604 25

Expenses — Conducting Transportation $76,209 17

Maintenance of Equipment 43,698 71

Maintenance Way and Buildings. 25,735 00

General 3,931 52

Total ($2,991.49 per mile) $149,574 40

Net earnings (52.15 p. c.), $163,029.85. Payments : Interest on bonds, $100,000 ; taxes,
$2,832.57 ; other payments, $29,282.30— total, $132,114.87. Surplus, $30,914.98 ; surplus
forward, $28,222.84— total, $59,137.82.

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $100), $1,000,000 ; funded
debt (1st intge. 5 p. c. 30-yr. $1,000 coup, bonds, due April 1, 1913, interest April and Oct.,
at the office of the trustee, Mercantile Trust Co,, New York City), $2,000,000 ; bond interest,
accrued, $->5,000 ; bond interest, due and unpaid, $200 ; current accounts, $113,986.11; profit
and loss, $59,137.8. '—total, $3,198,323.93. Contra : Cost of road, etc., $3,000,000 ; materials
and fuel, $14,257.07 ; current accounts, $182,188.51 ; cash, $1,878.35— total, $3,198,323.93.

196

POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.

Statement of operations, earnings, etc., for eight years, ending Dec. 31 :

RR. Operated, 50 Miles.

1890

1891

1892

1893

1894

1895

1896

1897

Passenger Train Miles
Freight Train Miles

152,662
49,162

144,418
63,164

135,218
84,065

129,932
76,172

133,479
90,983

134,549
88,969

103,452
18976

67,556
32 800

101,299

105,684

121,600

135,608

144,990

152,595

95 245

78 183

Passenger Miles

3,388,752

3,564,449

4,312,619

4,382,684

4,408,131

4,864,892

2,920 321

2 446505

Freight (tons) Moved

188,758

257,729

504,647

366,638

438,660

501,015

243 096

155 848

Freight (ton) Miles

9,192,525

12,488,055

24,036,786

17,708,289

21,045,603

24,304,932

11 574 305

7 172 006

Passenger Earnings

79,735

$
70,925

s

81,804

$
82,548

9

81,125

$
89,172

S
54789

$
43240

Freight Earnings

277,184

340,492

420,230

364,366

429,902

421,735

124048

128 602

50,307

38,575

38,360

39,146

34,8/1

32,007

139 148

140 7.62

Gross Earnings

407,226

449,992

540,394

486,060

545,898

542,914

317 985

312 604

Operating Expenses

359,658

386,371

390,693

374,264

413,789

435,462

166 411

149 574

Net Earnings

47568

63621

149,701

111 796

132,109

107452

151 574

103 030

Gross Earnings per Mil* . . .
Gross Expenses per Mile . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass. p. Mile.
Av. Rate per Ton p. Mile. .

8,144 52
7,193 16
951 37
38.32 p. c.
2.39 c.
3.02 c.

8,999 83
7,727 42
1,272 41
85.86 p. c.
1.99 c.
2.72 c.

10,80788
7,813 87
2,994 01
72.28 p. c.
1.89C.
1.74 c.

9,721 19
7,48528
2,235 91
77.00 p. C.
1.88 c.
2.06 c.

10,917 95
8,275 78
2,642 17
76.80 p. c.
1.84 c.
2.04 c.

10,858 28
8,70924
2,149 04
80.21 p. c.
1.83 c.
1.74 c.

6.359 69
3,32822
3,031 47
52. 33 p. c.
1.88 c.
1.07 c.

6,252 09
2,991 49
3,260 60
47.85 p. c.
1.79C.
1.77C.

Directors (elected April 5, 1898).— F. P. Olcott, H. C. Rouse, George J. Gould, New
York, N. Y.; R. B. Baer, Jas. A. Baker, Jr., Houston, Tex.; Leroy Trice, N. A. Stedman,
Palestine, Tex.

P. P. OLCOTT, President New York, N. Y.

Leroy Trice, Vice- President Palestine, Tex.

Sec. & Treat.— A. A. Van Alstyne Gal veston, Tex. I Manager— 3. H. Hill Galveston, Tex.

Atst.Sec. <SkAsst.Treas.~ H.B. Henson. New York, N. Y. | Auditor— Gt. H. Moore

PRINCIPAL OFFICE AND ADDBESS Galveston, Tex.

HOUSTON, EAST AND WEST TEXAS RAILWAY COMPANY.

Line of Road'. — Houston, Tex., to Sabine River 192 miles.

Sidings, etc., 16.50 miles. Gauge, 4 ft. 8i in. Rail (steel, 199.25 m.), 35, 40, and 60 Ibs.

History. — Reorganization, May, 1893, of a company of the same name, whose property
was sold under foreclosure Aug. 2, 1892. (See MANUAL for 1893.) Gauge changed to the
standard, July 29, 1894. During the past fiscal year, a reorganization of this company's
finances was effected, without foreclosure, under the terms of a plan, dated Aug. 1, 1896, a
synopsis of which is published in the MANUAL for 1897, page 193.

Rolling Stock, June 30, 1897. — Locomotives, 18. Cars — passenger, 10 ; baggage, etc., 3;
freight (box, 146 ; stock, 1 ; flat, 199 ; coal, 45), 391 ; caboose, 17 ; other, 39— total, 460.

Operations, year ending June 30, 1897. — Train mileage — passenger, 147,721; freight,
276,283— total, 424,004 miles. Tons freight moved, 265,656 ; moved one mile, 51,005,952.

EARNINGS. 1896-97 1895-96

Passenger 189,352 08 $84,871 18

Freight 434,67235 389,15242

Mail and Express 25,612 18 24,475 92

Miscellaneous 25,398 88 27,030 48

Totals $575,035 49

Totals per mile 2,994 97

$525,530 00
2,737 13

EXPENSES. 1896-97 1895-96

Conducting Transportation.... $207,398 15 $199,978 13

Maintenance of Equipment 61,414 41 50,395 34

Maintenance Way and Bldgs... 147,15988 117,92105

General 22,16814 19,26748

Totals. . . . . $438,140 58 $387,562 00

Totals per mile 2,281 98 2,018 55

Net earnings, 1896-97 (23.44 p. c.), $136,894.91. Payments : Interest on bonds (see below),
$106,627.73 ; taxes, $15,033.59 ; other, $603— total, $122,264.52. Surplus, $14,630.39 ;
deficit forward, $71,338.31 ; net deficit, $50,707.92.

The company paid interest on the bonded debt during the past fiscal year amounting to $106,627.73,
that is on all coupons presented for payment. Under the plan of reorganization (see MANUAL for 1897, page
193), the reorganization committee returned to this company cancelled coupons amounting to $43,372.27, thus
providing for and retiring coupons for the entire amount of interest accrued on total issue of bonds ($3,000,-
000) for the year ending June 30, 1897.

POORS MANUAL OF RAILROADS.

197

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $4,920,000 00

Materials on Hand.
Current Accounts. . .

Cash on Hand

Profit and Loss

20,342 16
64,435 44
2,806 85
56,707 92

Total Assets $5,064,292 37

Capital Stock (shares, $100) $1,920,000 00

Funded Debt Outstanding (see below) 3,000,000 CO

Bills Payable.

Current Accounts

Matured Int. on Bonds, not yet payable..
Miscellaneous

58,446 52

64,462 92

20,833 33

549 60

Total Liabilities $5,064,292 37

Funded dtbt, authorized and outstanding, consisted, June 30, 1897, of 1st mtge. 5 p. c. 40-yr. $1,000
gold coupon bonds, with privilege of registration, due May 1, 1933, interest May and Nov. The original issue
of these bonds was $3,840,000, of which $840,000, par value, were surrendered to the trustee for cancellation,
in accordance with plan of reorganization, which is given in the MANUAL for 1897. Trustee: Union Trust Co.,
New York, N. Y., at whose office interest is payable.

Houston and Shreveport Ry.— Shreveport,
La., to Logansport, La., 40 miles. Organized early
in 1884; road completed about Sept., 1885, and the
connection made with the H., E. & W. T. Ry. Jan.
26, 1886. The entire line from Shreveport, La., to
Houston, Tex., 232 m., is operated as one line, but
under different companies in Louisiana and Texas.
(See Manual for 1888.) Originally the Shreveport and
Houston Ry. Co., but in Dec., 1891, name was
changed to the above title. The following statement
of rolling stock, earnings, and finances is repeated
from the Manual for 1892: later information refused:

Locomotives, 2. Cars— passenger, 1; freight (box, 10;
flat, 25), 35. The approximate gross earnings of the
road for 1888 were $60,000. Capital stock, $400,000;
funded debt, 1st mtge. 6 p. c. 30-yr. $1,000 coup.

Board of Directors, Houston, East and West Texas Ry. Co., elected Dee. 7, 1897.

Joel A. Sperry New York, N. Y.

T. W. House Houston, Tex.

C. Lombardi " "

James A. Blair New York, N. Y.

John B. Dennis

E. L. Marsten "

N. S. Meldrum Houston, Tex.

Sam. Allen ... • "

James A. Baker — " "

T. W. HOUSE, President and Treasurer Houston, Tex.

Gen. Manager— N. S. Meldrnm Houston, Tex. | Secretary— James A. Baker, Jr Houston, Ter.

PRINCDPAL OFFICE AND ADDRESS Houston, Tex.

INTERNATIONAL AND GREAT NORTHERN RAILROAD COMPANY.

Ttf , i . • „ , ( Longview, Tex., to Laredo, Tex 496.3 m.

Mam Lines of Road : jPale&8tine( Tex<> to Houston, Tex 150.7 m.— 647.0 miles.

Mineola Branch : Troupe to Mineola, Tex. 44.4 m.

Columbia Branch : Houston to Columbia, Tex 50.0 m.

Huntsville Branch : Phelps to Huntsville, Tex 8.0 m.

Georgetown Branch : Georgetown to Round Rock, Tex 10.0 m.

Henderson Branch : Henderson to Overton, Tex. 16.0 m.— 128.4 "

Trackage Rights : G. H. <fe H. SB.: Galveston to Houston, Tex 50.0 " -

Total length of road operated, Dec. 31, 1897 825.4 miles.

Sidings, etc., 110.01 miles. Gauge, 4 ft. 8± in. Rail— iron (90.95 m.), 52 and 56 Ibs.; steel
(794.46 m.), 52, 56, 58, 70, and 75 Ibs.

History. — Consolidation, Sept. 23, 1873, of the International and the Houston and Great
Northern RR. Cos. Company reorganized, without foreclosure, in 1892. (See MANUAL for
1888, page 770, and MANUAL for 1892, page 746.) At Laredo a connection is made with a
line from the Rio Grande to the City of Mexico.

The Galveston, Houston and Henderson RR. (see p. 195) was leased by this com-
pany for 99 years from Jan. 1, 1883, for interest on its bonds, and any surplus over in-
terest, taxes and expenses. In Dec., 1895, this lease was surrendered, and new contracts
were entered into, securing to the Missouri, Kansas and Texas Ry. Co. and the International
and Great Northern RR. Co. trackage rights over the road. Under the terms of these contracts
the M., K. & T. Ry. Co. and this company agree to pay yearly to the mtge. trustee $100,000
to pay the interest on G. H. & H. RR. bonds, and pay in addition an annual rental of $24.-
000 to be applied to the payment of dividends or to other purposes. This company and the
Missouri, Kansas and Texas Ry. Co. each owns one-half of the capital stock (10,000 shares)
of the G. 11. & 11. Rli. v^o. The cancellation of the lease and the new contracts with the
G. II. & H. RR. Co. practically annul the guarantee of bonds of the G. H. & H. by this
company.

The company's land grant, amounting to about 5,000,000 acres, was purchased by the
New York and Texas Land Co. (See MANUAL for 1893.)
-*. Rolling Stock, Dec. 31, 1897. — Locomotives, 82. Cars — passenger, 40 ; baggage, mail,

198

POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

Earaings— Passenger $698,811 28

Freight 2,724,637 82

Mail and Express 204,740 57

Miscellaneous 29,146 15

and express, 20 ; freight (box, 1,459 ; stock, 122 ; flat, 135 ; coal, 23G), 1,972 ; caboose, 44 ;
other, 88 — total cars, 2,164. Of the box cars, 348 are covered by car trust obligations.
Operations, year ending Dec. 31, 1897. — See tabulated statement below.

Expenses— Conducting Transportation $954,438 43

Maintenance of Equipment ... 1,041,50800
Maintenance Way and B'd'gs . . 579,592 47

General 99,967 83

Total ($4,430.99 per mile) $3,657,335 82 Total ($3,241.47 per mile) $2,675,506 73

Net earnings (26.85 p. c.), $981,829.09 ; add interest and dividends, $686.74 ; interest and
exchange, $3,250.78; unclaimed wages, $442.25; miscellaneous, $1,835.48 — total income,
$988,044.34. Payments : Interest on bonds (1st mtge., $477,240; 2d mtge., gold, $329,186.66 ;
3d mtge., gold, $36,046.66 ; 1st mtge., gold, Colorado Bridge, $13,906.68), $856,380 ; on tem-
porary loans, $21,142.17; new equipment, $28,700.45; taxes (1896, $369.64 ; 1897, $34, 193. 30),
$34,562.94 ; G. H. & H. RR. proportional taxes, 1897, $5,082.27 ; accrued interest on 1st mtge.
bond coup, certificate, $5,197.60 ; trackage rental (G. H. & H. RR.), $62,000 ; miscellaneous,
$10,988— total, $1,023,153.43. Deficit, $35,109.09; surplus forward, $991,199.73 ; net surplus,
$956,090.64.

Statement of operations, capital account, etc., for eight years ending Dec. 31 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad Operated
Passenger Train Miles
Freight Train Miles. . . .

775.40
963,941
1,711,876
597,884
33,192,419
929,897
187,928,412
$
859,257
2,591,956
195,209

775.40
961,207
1,645,196
580,372
32,129,298
891,414
183,223,913

s

892,561
2,532,079
224,002

775.40
972,738
1,597,772
599,840
30,956,067
1,032,157
208-602,269
$
823,361
2,593,468
238,610

775.40
962,613
1,469,187
634,553
32,905,225
1,013,029
179.849,524

858,282
2,506.692
237,003

775.40
958,404
1,280,675
564,658
29,365,752
865,472
148,290,476
$
746,072
2,278,463
220,225

776.61
950,430
1,444,246
521,800
30,533.699
1,012,492
171,129,900
$
746,948
2,332,725
227,984

825.40
1,066,610
1,588,437
522,584
30,598,183
1,008.852
204,702,059
$
741,788
2,549,646
236,743

825.40
1,015,145
1,632,150
504,842
29,488,849
1,114,417
234,431,262
%
698,811
2,724,638
2:53,887

Passenger* Carried

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Passenger Earnings

Freight Earnings

Miscellaneous

Gross Earnings

3,646,422
3,148,245

3,648,642
3,093,550

3,655,439
2,910,625

3,601,977
2,472,009

3,244,760
2,306,849

3,277,657
2,491,960

3,528,177
2,697,482

3,657,336
2,675,507

Operating Expenses

Net Earnings

498,177

4,70263
4,06015
64248
86. 34 p. c.
2.59 c.
1.38 c..

9,755,000
15,008,000

555,092

4,705 49
3,989 62
71587
84.79 p. c.
2.77 c.
1.39c.

9,755,000
15,008,000

744,814

4,714 26
3,753 70
96056
79. 63 p. c.
2.66 c.
1.24 c.

9,755,000
17,630,918
624,259

1,129,968

4,645 81
3,18804
1,45727
68.63 p. c.
2.61 c.
1.39 c.
$
9,755,000
17,947,475
498,969

937,911

4,18463
2,97504
1,20959
71. 09 p. c.
2.54 c.
1.54 C.
$
9,755,000
17,953,910
374,227

785,697

4,22046
3,208 76
1,011 70
76.03 p. c.
2.45 c.
1.35 c.
$
9,755,000
17,980,887
249,485

830,696

4,274 50
3,26809
1,006 41
76. 45 p. c.
2.42 c.
1.25C.
$
9,755,000
17,980,887
124,742

981,829

4,43099
3,241 47
1,18952
73. 15 p. c.
2.37 c.
1.16c.
$
9,755,000
18,178,887

Gross Earnings per Mile .
Gross Expenses per Mile .
Net Earmngsper Mile . . .
Expense* to Earnings. . . .
Av. Rate p. Pass. p. Mile .
Av. Rate p. Ton p. Mile. .

Capital Stock . . .".

Funded Debt

1st M. Bond Coup. Certifs

Car Trust Obligations

177,540
250,456
420,669
343,630
956,091

Interest Due and Accrued. .
Current Accounts

481,916
841,607
446,990
3,719,561

479,023
787,523
449,907
4,163,199

356,571
466,072
48,363
1,133,010

262,914
442,028
2,380
1,108,672

253,075
576,478
2,368
1,130,294

202,890
431,396
2,345
1,082,377

199,664
461,244
293,661
991,200

Other Liabilities

Profit and Loss

Total Liabilities

30,253,074

28,544,348
242,993
721,310
744,523

30,642,652

28,551,296
207.993
1,065,966
817,397

30,014,193

28,753,017
60,500
642,222
558,454

30,017,438

28,689,826
308,278
521,413
497,921

30,045,352

26,669,149
307,767
531,032
537,404

29,704,380

28,669,149
307,132
336,148
391,951

29,806,397

28,669,149
308,997
360,167
468,085

30,082,274

28,909,149
299,362
453,561
420,202

Road and Equipment

Stocks and Bonds

Cash and Other Assets
Current Accounts

Total Assets

30,253,074

30,642,652

80,014,193

30,017,438

30,045,352

29,704,380

29,806,397

30,082,274

General Balance Sheet, Dec. 31, 1897.

Cost of Road and Equipment $28,909,149 03

Stocks and Bonds Owned (see below) 299,361 72

Materials, Fuel, etc., on Hand 148,972 64

Cash on Hand 27,548 46

Current Accounts Collectible 398,05549

Payments Awaiting Adjustment 22,14687

Col. River Bridge, Guaranty Fund 16,000 00

Col. River Bridge, Sinking Fund 34,000 00

Balance of Claim against Bank of Bonner

& Bonner 65,715 07

Sundries , , 25,096 22

Equipment Replaced 136,228 11

Total Assets $30,082,273 61

Capital Stock (shares, $100) $9,755,000 00

Funded Debt Outstanding (see below) . . . 18,178,887 50

Car Trust Obligations 177,540 48

Interest on Bonds, Due and Unpaid 14,992 45

Interest on Bonds, Accrued, not Due 235,463 32

Vouchers and Pay Rolls 323,004 15

Foreign RRs., Fgt., Ticket & Car Service 97,665 27
Bills Payable ($275,000) and Sundries... 343,62980
Balance of Income Account 956,090 64

Total Liabilities $30,082,273 61

POORS MANUAL OF RAILROADS.

199

" Stocks and Bonds Owned " in above balance sheet: Galveston, Houston and Henderson RR. stock,
$.500,000; Union Compress and Warehouse Co. stock, $22,000; Palestine Compress Co. stock,' $25,000; I. & G. N.
1st mtge. bonds, $500; I. & G. N. 3d mtge. bonds, $244,500; ditto scrip, $902.97— total par value, $792,902.97;
ledger valuation, $299,361.72.

Fundid debt ($18,178,887.50) consisted, Dec. 31, 1897, of—

1st mtge. 6 p. c. gold 40-yr. $500 and $1,000 coup, bonds, due Nov. 1, 1919, int. May and Nov $7,954,000 00

2d rr.tge. $500 and ?1,000 coup, gold b'ds, dated June 15, 1881, due Sept. 1, 1909, int. March & Sept. 7,051,000 00
2d mtge. $500 * $1,000 cp. g'd b'ds, dated J. 15, 1881, due S. 1, 1»09, int. M. & S. (in hands of tr'tee) 3,000 00

3d mtge. 4 p. e. bonds, dr.ted March 1, 1892, due Sept.'l, 1921, interest March and Sept 2,948,000 00

3d mtge. fractional bond scrip, dated March 1, 1892, due Sept. 1, 1921, interest March and Sept... 24,887 50
1st mtge. 7 p. c. 40-yr. $1,000 gold Colorado Bridge s. f. bonds, due May 1, 1920, int. May & Nov. 198,000 00

In the reorganization of 1892 the rate of interest on Zd mtge. bonds was reduced (from 6 p. c.) to 4J p. c.
per annum for the 6 years to and including Sept. 1, 1897, and to be at the rate of 5 p. c. per annum there-
after; provided, however, that in case of default continued for the period of 90 days in the payment of any
now unmatured coupons upon the 2d mtge. bonds the original rate of interest (6 p. c.) shall be restored, and
such coupons shall be collectible and enforceable at that rate. The $3,000 Zd mtge. bonds (see bond state-
ment) are in the hands of trustee to retire a like amount of 2d mtge. 8 p. c. income bonds outstanding.

Tha 3d mtge. 4 p. c. bonds, which were incomes until Sept. 1, 3897, now draw interest at 4 p. c.
per annum. The first coupon on these bonds was paid March 1, 1898. Authorized amount, $3,000,000 for $500
and $1,000 each, to be issued as stated in MANUAL for 1892.

The car trust obligations represent the cost of 350 new l>ox «ars built in 1897, including interest on
same for the average period for which the notes run. The notes given in payment for 200 cars run for five
years from Sept. 11, 1897, and for 150 cars for three years from Sept. 13, 1897, payable monthly in equal
amounts. The entire amount of notes, in each case, are held by one individual, and amount monthly to
$1,831.30 and $2,216.86, respectively.

Trustees of bonds: 1st mtge., John S. Kennedy and Samuel Sloan, New York, N. Y. ; 2d mtge.,* Farmers'
Loan and Trust Co., New York, N. Y. ; 3d mtge., Mercantile Trust Co., New York, N. Y. ; Colo. Bridge,
Farmers' Loan and Trust Co., New York, N. Y. Interest payable at 195 Broadway, New York City.

PROPRIETARY RAILROADS OF THE INTERNATIONAL AND GREAT NORTHERN RR. Co.

Georgetown RR.— Georgetown to Round Rock,
Tex., 10 m.; total track, 11 miles. Chartered May
31 1878; opened Dec. 11, 1878. Sold under fore-
closure Aug. 6, 1879. Owned by the I. & G. N. RK.
Co.

Henderson niul Overtoil RR.— Henderson
to Overton, Tex., 16 m.; total track, 16.5 miles.
Chartered April 6, 1874; opened May 8, 1877. Owned
by the I. & G. N. RR. Co.

Board of Directors, I. & G. N. RR. Co. elected April 4, 1898.

George J. Gould Lakewood, N. J.

Edwin Gould Irvin^ton, N. Y.

Howard Gould . . . . Tarrytown, N. Y.

S. H. H. Clark St. Lonis, Mo.

Leroy Trice Palestine, Tex.

A.R.Howard " "

Ira H. Evans Austin, Tex.

R. B. Hawley Galveston, Tex.

F. A. Rice Houston, Tex.

GEORGE J. GOULD, President New York, N. Y.

S. H. H. Clark, 1st Vice-President St. Louis, Mo.

Leroy Trice, 2d Vite-Pres. & Gen. Supt Palestine, Tex.

Sec. A Treas.—A.. R. Howard Palestine. Tex. | Auditor— W. L. Maury Palestine, Tex.

Asst. Sec. & Asst. Treas.—H. B. Henson New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Palestine, Tex.

KANSAS CITY NORTHWESTERN RAILROAD COMPANY.

(Kansas City, Kan., to St. J. & G. I. RR. Con. .117.10 m.

Main Lines of Road : \ Axtell June., Kan., to Virginia, Neb 32.92 m.

(H. B.(nr.Seneca, Kan.),toSt.J.&G.I.RR.Con. 0.02 m.— 150.04 miles.
Ft. Leavenworth Branch : Menager June., Kan., to South Leaven worth, Kan. . 11.61

( St. Joseph & Grand Island RR.: Seneca to Axtell Jc., Kan. 10. 77m.
Trackage :1 Missouri Pac.Ry.: So Leavenw'th to Leavenworth, Kan. 0.92m.

( Atch., Top. & 8. F. Ry; Spur at Soldiers' Home, Kan. . . . 0.79m.— 12.48 "

Total length of lines operated, June 30, 1897 174.13 miles.

Sidings, 23.03 miles. Gauge, 4 ft. 8£ in. Rail (steel, 183.90 m.), 52 and 56 Ibs.

TRACKAGE CONTRACTS.— The tracks of the St. Joseph and Grand Island RR., from Seneca to Axtell June.,
Kan., 10.77 m., are used at a monthly rental of $445.83 and proportion of cost of maintenance. The spur
track of the A., T. & S. F. Ry. at Soldiers' Home is used at a monthly rental of $20.01 and proportion of cost
of maintenance. The cost of using Mo. Pac. tracks at Leavenworth is $10 a month rent, and trackage of 50
cents for every loaded train and 25 cents each for empty trains, besides proportion of expenses of handling
warehouse freight on basis of total freight handled by both companies, and $1 per car on cars sent to ware-
house and team tracks. The Chicago Great Western Ry. Co. uses this company's tracks, yards, and ter-
minals at Kansas City, Kan., and at Leavenworth, and between, at an annual rental (payable monthly) of
$25,000, and interest on permanent improvements, at rate of 2i p. c. per annum (payable monthly) and pro-
portion of maintenance on wjieelage basis.

OTHER CONTRACTS. — Pacific Express Co., contract dated July 2, 1894, conducting ordinary express busi-
ness under their own employees at a minimum rental of $425 per month and guarantee of 50 p. c. of gross
earnings; Mail Routes— (I) From Kansas City, Mo., to Virginia, Neb., 162.05 m., at $94.05 per mile; annual
compensation, $15,240.80; (2") from Menager to Leavenworth, 12.64 m., at $50,45 per mile; annual compensation,
$637.68; Leavenworth Depot and RR. Co.— use of tracks and depot facilities at Leavenworth; rental and
maintenance expenses borne equally by six companies using them.

200 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

History. — Chartered Dec. 30, 1893, to take over the property of the Kansas City, Wyan
dotte and Northwestern RR. Co. (See MANUALS for 1894 and 1895.) On Jan. 1, 1897, the
Kansas City and Beatrice RR. Co., owning the line from Summerfield, Kan., to Virginia,
Neb., 20.65 miles, was merged in this company. The property is controlled in the interest
of the Missouri Pacific Ry. Co.

Rolling Stock, June 30, 1897. — Locomotives, 18. Cars — passenger, 16 ; combination, 3 ;
baggage, etc., 4 ; freight (box, 253 ; stock, 18 ; flat, 30 ; coal, 122 ; caboose, 9), 432 ; officers'
1 ; other, 4— total, 460,

Operations, year ending June 30, 1897. — Train mileage — passenger, 137,649; freight,
157,904 ; switching, 62,485 ; other, 15,276 — total, 373,314 miles. Passenger statistics not
reported. Tons freight moved, 207,373.

Expenses— Conducting Transportation $126,424 08

Maintenance of Equipment 40,846 10

Maintenance Way and Buildings. 105,573 47
General 8,95668

Earnings— Passenger $50,198 73

Freight 227,162 93

Mail and Express 19,695 32

Miscellaneous 63,207 26

Total (12,068.94 per mile) $360,264 29

Total ($1,618.33 per mile) $281,80033

Net earnings (21.78 p. c.), $78,463:96 ; other receipts, $7,342.86— total, $85,806.82. Pay-
ments:. Interest on bonds, $24,250; taxes, $26,466.92; other payments, $46,600.29 — total,
$97,317.21. Deficit, $11,510.39 ; deficit forward, $68,254.04— total, $79,764.43.

General Balance Sheet, June 30, 1897.

Cost of Road $3,994,046 50

Cost of Equipment 450,680 80

Bonds Owned ; 29,887 49

Lands Owned 119 81

Materials and Supplies 9,598 17

Cash and Current Assets 44,51815

Profit and Loss 79,764 43

Total Assets $4,608,615 40

Capital Stock ($100 shares) $3,500,00000

Funded Debt 935,680 80

Audited Vouchers and Accounts 88,028 19

Interest Due and Accrued 72,750 00

Other Liabilities 12,156 41

Total Liabilities $4,608,615 40

Funded Debt. — In July, 1894, the company executed a mortgage to the Mercantile Trust Co. of New
York, trustee, to secure an issue of $3,500,000 1st mtge. 5 p. c. gold bonds, issued in accordance with the
plan of reorganization. It was provided that the proceeds of $900,000 of these bonds (styled Series A pre-
ferred) should be used in paying the purchase price of the property ($650,000) and certain expenses under
the receivership, and the rest of the issue was to be used in betterments. The bonds are in denominations
of $500 and $1,000, in coupon form, with privilege of registration, principal and interest payable in gold.

No information can be obtained from the officers of the company. The returns presented
herein are from the Report of the Board of Railroad Commissioners of Kansas.

Directors (elected March 1, 1898). — George J. Gould, Lakewood, N. J.; Howard Gould,
Tarrytown, N. Y.; C. G. Warner, W. B. Doddridge,, F. W. Irland, St. Louis, Mo.; B. P.
Waggener, W. P. Waggener, C. M. Rathburn, Atchison, Kan.; E. A. Sherrill, Kansas
City, Kan.

GEORGE J. GOTJLD, President Lakewood, N. J.

C. G. Warner, Vice-Pre/>. & Gen. Auditor St. Louis, Mo.

Sec. <& Treas.—A. H. Calef New York, N. Y. | Gen. Manager— W. B. Doddridge St. Louis, Mo.

PRINCIPAL, OFFICE AND ADDRESS Kansas City, Kan.

KANSAS CITY, PITTSBURGH AND GULF RAILROAD COMPANY.

(for map of this road, see page 201.)

Lines of Road Completed and in Operation, Sept. 30, 1897 :

Kas. City, Pitts. & Gulf RR. : Grand View, Mo., to Mena, Ark .............. 356.33 miles.

(Mena, Ark., to Ark. -La. State Line. . .136.88 m.
Texarkana &Ft. Smith Ry.: -(Beaumont, Tex., to Port Arthur, Tex. 20.00 m.

(Br., Wilton to White Cliffs, Ark. . . . 7.04 m.— 163.92 "

v~, ru**, a; srL.ifT* \ Ark.-La. State Line to Beaum't, Tex. 249. 50 m.

Kas. City, Shreve. & GulfRy.; Quincy> La to Lake Ch&r]^ La 23 2Q m._271.70 -

T . j Kas. City Sub. BeltRR.: Kas. City to Belt Jet., Mo ____ 12.00 m.

cage ' \ Kas. City, Osceola & So. Ry.: Belt Jet. to Grandv'w, Mo. 11.62 m.— 23.62 "

Total length of all lines operated, Sept. 30, 1897 ......................... 815.57 miles.

Sidings, etc., — miles. Gauge, 4 ft. 8| in. Rail (steel), 60 Ibs.

L S C \0

PORT ARTHUR ROUTE

/* p Kansas City Pittsburg & Gulf Railroad

Kansas City & Northern Connecting 15. K.
: Omaha, Kansas City & Eastern Railroad

Omaha & St. Louis Railroad

201

202

POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

History. — The Kansas City, Nevada and Fort Smith RR. Co. was chartered Nov. 8,
1887, and built and opened the road from Qrand View, Mo., to Hume, Mo., 57.45m., on Oct. 1,
1891. Name changed to present title Jan. 26, 1893, and road extended 48.92 m. to Pittsburg,
Kan., and opened on June 20, 1893. In 1893 purchased the property of the Kansas City, Fort
Smith and Southern Ry. Co. (see MANUAL for 1893), whose railroad extended from Joplin,
Mo., to Sulphur Springs, Ark., 50.99m., with branch from Splitlog June, to Splitlog, Mo.,
7 m. — total, 57.99 m., and began operating same on May 1, 1893. Afterwards (in 1893) the
gap from Pittsburg, Kan., to Joplin, Mo., 24.98 m., was constructed, and the line extended
south from Sulphur Springs to Siloam Springs, 24 miles. The whole line from Grand
View, Mo., to Siloam Springs, Ark., 206.45 m., was opened for business Sept. 21, 1893.
Extended 24 m. south from Siloam Springs, on Oct. 1, 1895 ; 61 m. to Sallisaw, I. T., cross-
ing of K. & A. V. RR. on Jan. 31, 1896 ; 45 miles to Poteau, I. T. (crossing of St. L. & St. F.
Ry.), May 3, 1896; and 54 miles to Mena, Ark., Aug. 6, 1896. The Texarkana and Port Smith
Ry. (Winthrop to Texarkana, 34 m.) was made part of tliis system in Nov., 1894. (See state-
ment on page 203.) Extensions north from Winthrop opened to Horatio, 9 m., on Feb. 5, 1895;
south from Texarkana, 20 m., on Sept. 8, 1895, and to Ark. -La. State Line, 9m., April
15, 1896. From Port Arthur, Tex., on Sabine Lake, to Beaumont, Tex., 20 m., opened June
1, 1896.

On Sept. 27, 1894, the Kansas City, Shreveport and Gulf Ry. Co. (see statement on page
203), was organized in the interest of this company to build that portion of this system in
Louisiana, 40 m. of which, from Ark. -La. State Line to Shreport, La., were opened April 15,
1896, and 76 m., from Shreveport to Many, La., Oct. 26, 1896. On Sept. 11, 1897, the entire
line from Kansas City, Mo., to Port Arthur, Tex., was opened for traffic.

The Kansas City, Fort Smith and Southern RR. (see above), 50.99 m., was purchased by
deed to this company, and bonds of the K. C. , P. & G. RR. at the rate of $25,000 per mile were
authorized to be issued on Nov. 19, 1897. Bonds to the amount of $4,344,000 on the Tex-
arkana and Ft. Smith Ry., and of $3,299,000 (on K. C., A. & G. RR., Ark. -La. State Line to
Toro, La., 126.2 m. with 16 m. of sidings, etc.) have been issued, and are deposited with the
trustee of the K. C., P. & G. RR. mtge., and a like amount of bonds of that company issued
against them.

On Jan. 24, 1897, this company purchased the narrow gauge railroad of the Calcasieu,
Vernon, and Shreveport RR. Co., consisting of the following lines : Westlake to Lockport,
La., 2 m.; Lockport to Houston River, 5 m. ; Houston River to Edgewood, 8 m., with
branches from Edgewood to Buckstone, 7 m., and from Edgewood to Turpentine Camp, 3 m.
— total, 25 miles. It was full tied for a broad gauge road, and as the roadbed is in good
condition, the company had only to lay additional rails. This has been done and the road
included in the company's mileage.

Rolling1 Stock, Sept. 30, 1897. — Locomotives, 72. Cars — coaches, 19 ; chair, 6 ; com-
bination, 2 ; baggage, etc., 11 ; freight (box, 2,410 ; caboose, 48 ; stock, 40 ; flat, 465 ; furni-
ture, 25 ; coal, 1,350), 4,338 ; business, 3 ; miscellaneous, 26 — total ears, 4,405.

Operations, year ending Sept. 30, 1897. — Train mileage and traffic statistics not reported.

EARNINGS.
Passenger

1896-97 1895-96

. .. $248,93852 $158,80656

EXPENSES.

1896-97 1895-96

$762 920 08 $331 110 01

Freight

. . . 1,525,797 20 515,594 97

150 219 46 74 924 78

Mail and Express

49 627 67 28,781 41

rs 278 040 82 158 530 21

Miscellaneous

44,900 57 53,761 63

General . .

'. 62,234 95 39',685 OS!

Totals

$1,869,263 96 $756,944 57

Totals

$1 253 415 61 $604 250 015

Totals per Mile

2,427 61 1,916 31

Totals per Mile

1,62781 1,52974

Av. Mileage Operated..

. . 770.0 m. 395.0 m.

Av. Mileage Operated . . .

. . 770.0 m. 395.0 m.

Net earnings, 1896-97 (32.94 p. c.), $615,848.65. Paid taxes, $35,159.60. Surplus, $580,-
689.05.

Statement of income account for six months ending Sept. 30. 1897. — Earnings — passen-
ger, $145,068.31 ; freight, $1,048,724.57 : mail and express, $25,570.59 ; -other, $17,909.72—
total, $1,287,273.19. Operating expenses — transportation, $512,160.71 ; maintenance of

POOR'S MANUAL — KANSAS CITY, PITTSBURG AND GULF RR. CO. 203

equipment, $96,498.55; of way, etc., $154,292.92; general, $51,645.11— total, $814,597.29.
Net earning?, $422.675.90. Paid interest on bonds (net), $341,275. Surplus, $81,400.90

General Balance Sheet, Sept. 30, 1897.

Cost of Road and Equipment $40,988,304 64

Permanent Improvements & Betterments 264,055 36

Bills for Collection 293,345 08

Due from Agents and Conductors 55,931 53

Due from U. S. Post Office Dept 7,847 43

Materials and Supplies 66,347 25

Cash 67,3591 86

Balance Current Accounts 88,66610

Interest Fund 344,525 00

Total Assets $42,176,382 25

Capital Stock (shares, $100) $20,925,000 00

Funded Debt Outstanding (see below)... 19,706,000 00

Unpaid Vouchers and Pay Rolls 410,156 20

Unpaid Taxes (estimated proportion

from Jan. 1) 24,615 75

Hospital Fund 4,148 81

Insurance Fund 4,500 00

Balance Current Accounts 28,600 00

Income Account to June 30, 1897 812,037 39

Net Earnings, July 1 to Sept. 30, 1897.. 261,324 10

Total Liabilities $42,176,382 25

Funded debt outstanding Sept. 30, 1897, consisted of 1st mtge. 5 p. c. 30-yr. $1,000 coup, gold bonds,
due April 1, 1923, interest April and Oct., at the company's office, New York, N. Y. ; authorized issue, $25,-
000 per mfle. These bonds are secured by mortgage on the entire line of the company and on all equipment.
They are coupon bonds, but may be registered at option of holder. Interest for the first four years payable
only if earned. On Feb. 9, 1898, there were issued and listed on the New York Stock Exchange $2,122,000
additional of these bonds — $1,332,000 being issued in payment of 53/s miles of road purchased from the Kansas
City, Fort Smith and Southern Ry. Co. (which has been merged into the K. C., P. & G. RR. Co.), extending
from Joplin, Mo., to Sulphur Springs, Ark., and $790,000 being at the rate of $25,000 per mile in payment of
31. (i miles of additional completed road, being issued for double track and yard and terminal tracks, making
the total amount of these bonds issued and outstanding, to that date, $21,828,000. Trustees of bonds: Missouri,
Kansas and Texas Trust Co., Kansas City, Mo., and the State Trust Co., New York, N. Y.

Capital Stock. — On Sept. 8, 1897, there were issued and listed on the New York Stock Exchange $19,-
863,000 of this company's capital stock. On Oct. 27, 1897, $2,507,000 additional stock was listed, of which
$1,175,000 was issued at the rate of $25,000 per mile in payment for 47 miles of additional completed road,
and $1,332,000 in part payment for 53^s miles of road purchased from the Kansas City, Fort Smith and
Southern RR. Co., from Joplin, Mo., to Sulphur Springs, Ark., that company being now merged into the
K. C., P. & G. RR. Co. A further issue of $630,000 stock was listed on Feb. 9, 1898, having been issued and
delivered to the Kansas City Terminal Construction Co., under contract, being at the rate of $25,000 per mile
on 25.2 miles additional completed second and terminal track, making the total amount issued to date, $23,-
000,000 completing the increase authorized by the stockholders on Sept. 9, 1897 (see MANUAL, for 1897).

RAILROADS CONTROLLED AND OPERATED BY THE K. C., P. & G. RR. Co.

Kansas City, Shreveport and Gulf Ry.

—Projected: Ark., La. State Line to Lake Charles,
La., 230.2 miles. Completed: June 30,1897: Ark.-La.
Line to Westlake, La., 219.2 miles. Sidings etc.,
16 miles. Gauge, 4 ft. 8} in. Rail (stee)), 60 Ins.
Chartered Sept. 27, 1894, in the interest of the
Kansas City, Pittsburgh and Gulf RR. Co., to build
the Louisiana portion of that company's system; road
completed as above early in 1897. Operated by the
K. C., P. & G. KR. Co. Locomotives, 3. Cars-
passenger, 5; baggage, etc., 2; freight, 100— total,
107. Capital stock (shares, $100), $8,047,000.
Funded debt, 5 p. c. gold bonds, dated Oct. 1,
1895, due April 1, 1923, interest April and Oct.;
authorized at rate of $25,000 p. m.; issued $3,-
299.000. These bonds are deposited with the trus-
tees of the K. C., P. & G. RR. mtge. and an equal
amount of that company's bonds issued therefor.
Trustee : Missouri, Kansas and Texas Trust Co.,
Kansas City, Mo. Directors.— A. E. Stilwell. E. L.
Martin, J. T. Nolthenius, Kansas City, Mo.; Win. S.
Taylor, Philadelphia, Pa.; S. Levy, Jr., F. S. Ham-
mond, Peter Tregevant. Peter Youree, Henry Flant-
heim, T. Alexander, Shreveport, La. Officers: A. E.
Stilwell, Pres.. Kansas City, Mo.: W. S. Taylor,
Vice-Pres., Philadelphia, Pa.; J. T. Nolthenius, Sec.
& Treas., Kansas City, Mo. General Office, Shreve-
port, La.

Texarkana and Fort Smith Ry. — Main
Lines: Mena, Ark., to La. State Line, 136.88 m.;
Beaumont to Port Arthur, Tex., 20 m.; branch: Wil-

ton, Ark., to White Cliffs, 6.31 m.— total, 163.19 miles.
Sidings, — miles. Gauge, 4 ft. 8J in. Rail (steel),
60 Ibs. Successor, July 9, 1889, to the Texarkana
and Northern Ry. Co. (chartered June 26, 1885; road
opened from Texarkana to Winthrop, Ark.. 34 miles,
in July, 1894). Charter amended in May, 1893,
authorizing line to be built in Texas to the Sabine
Pass, with branch to Galveston. In Nov., 1894, this
company passed under the control of the Kansas
City, Pittsburgh and Gulf Ry. Co. Grading completed
from Benumont to the Sabine River, a distance of 28
miles. Financial Statement, June 30, 1897.— Capital
stock (auth., $1,000,000; shares, $50), $100,000;
funded debt (1st mtge. 5 p. c. 30-yr. $1,000 gold
coup, bonds, with privilege of registration, due April
1, 1923, interest April and Oct.; auth., $25,000 p.
m.), $5,180,000— total, representing cost, etc., $5.-
280,000. All the stock and bonds of this company are
deposited with the trustees of the Kansas City,
Pittsburgh and Gulf RR. mtge. and a like amount of
stocks and bonds of that company issued therefor.
Directors.— W. S. Taylor, Philadelphia, Pa.; A. E.
Stilwell, A. L. Howe, J. T. Nolthenius, Kansas City,
Mo.; F. M. Hammon, Port Arthur, Tex.; W. T. Hud-
gins, Chas. J. Snook, Rush H. Barnes, A. R. Weir,
Texarkana, Tex. Officers: W. S. Taylor, Pres.,
Philadelphia, Pa.; A. E. Stilwell, 1st Vice-Pres.,
Kansas City, Mo.; W. T. Hudgins, 2d Vice-Pres.;
H. S. Wiggins, Treas. & Aud. ; Chas. J. Snook, Sec.
& Gen. Mgr., Texarkana, Tex. General Office, Tex-
arkana, Tex.

Board of Directors, Kansas City, Pittsburg and Gulf RR. Co., elected Oct., 1897.

John LowberWelsh Philadelphia,Pa.
K. T. Stotesbury...

H. M. Howe

Wm. S.Taylor

Norman B. Ream Chicago, 111.

Frank O. Lowden " "

A. Heckscher New York, N. Y.

E. P. Merwin "

J. McD. Trimble Kansas City, Mo.

A. E. STILWELL, President. . . Kansas City, Mo.

E. L. Martin, 1st Vice-President " "

A. E. Stilwell Kansas City, Mo.

E. L. Martin

W. S. Woods " "

Alex. McDonald Cincinnati, O.

Zd Yice-Pres.—K. T. Stotesbury. . .
Sec. A Treas — Wm. S. Taylor

..Philadelphia, Pa.

Auditor— R. J. McCarty Kansas City, Mo.

Gen. Manager— Robert Gillham

PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.

Philadelphia Office 400 Chestnut St. | New York Office 1 Nassau St.

201

POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

LITTLE ROCK AND MEMPHIS RAILROAD COMPANY.

Line of Road. — Little Rock, Ark., to Memphis, Tenn 135 miles.

Sidings, etc., 15.11 miles. Gauge, 4 ft. 8| in. Rail — iron, 56 and 721bs. ; ste»l (95 m.), 56 Ibs.

History. — Organized Sept. 1, 1887, as successor to the Memphis and Little Rock RR.
Co. (See MANUAL for 1893.) Default was made on portion of the interest due Sept., 1892,
and on June 1, 1893, a receiver was appointed. A bondholder's committee, of which F. P.
Olcott, New York, N. Y., is chairman, has been appointed, and Central Trust Co.'s receipts
for $3,145,000 bonds have been listed on the New York Stock Exchange. Foreclosure sale
orderi-d for various d ites, but pos;pjned on each occasion.

Rjlling Stock, June 33, 1897. — Locomotives, 16. Cars — passenger, 11 ; baggage, mail,
etc., 7; freight (box, 146; flat, 60; stock, 14; coal, 40; caboose, 4), 264; other, 14— total
cars, 296, also 1 transfer boat plying between Memphis, Teun. and Hopefield, Ark.

Operations, year ending June 30, 1897. — Earnings — passenger, $76,774.07 ; freight,
$277,107.25 ; mail, $16,517.08 ; express, $5,999.05 ; other, $692— total, $377,089.45. Operat-
ing expenses — maintenance of way, etc., $114,272.01 ; of equipment, $41,967.19 ; transporta-
tion, $151,846.14 ; general and taxes, $67,388.99— total, $375,474.33. Netearuiugs, $1,615.12;
receipts from land department, $4,603.77; interest received, $16.68 — total, $6,234.57. Pay-
ments : Interest on bonds, $1,944 ;_ other interest, $2,700 ; expenses of land department,
$2,288.49— total, $6,932.49. Deficit, $697.92.

Statement of earnings, expenses, etc., for eight fiscal years, ending June 30:

1890

1891

1892

1893

1894

1895

1896

1897

Average miles operated

132.00
$
•333,134

132.00
$

265,201

132.00

1
257,508

132.00
$
122,326

132.00
$

81,850

132.00
1

76,399

132.00

i

81,901

131.15

$
76,774

Freight

311,0fi2

369,048

397,291

250,968

262,855

280,754

254,285

277,107

Mail and Express
Other

35,978
2,361

35t594
2,313

30,877
2,425

25,346
1,590

23,448
965

23,895
958

23,934
974

28,518

692

Total Earnings

582,535

672,156

688,101

400,230

368,824

382,007

361,094

3; 7,089

Operating Expenses & Tax's

431,759

506,424

555,673

404,014

348,285

347,897

347,104

3;5,474

150,776

165,731

132,428

*8,784

20,539

34,110

13,989

1,615

Gross Earnings per Mile —
Operating Exp. per Mile . . .
Net Earningsjjer Mile
Expenses to Earnings

4,413 14
3,270 90
1,142 24
74.11 p. c.

5,09209
2,836 55
1,255 54
75.34 p. c.

5,212 89
4,209 64
1,003 25
80.75 p. c.

3,032 04
3,06071
*28 67
100.94 p.c.

2,794 12
2,638 52
155 60
94.43 p. c.

2,893 99
2,635 58
258 41
91 .Otf p. c.

2,735.56
2,629.58
105.98
96.09 p. c.

2,875.25
2,862.94
12.31
99.56 p. c.

Deficit.

Receivers' General Balance Sheet, June 30, 1897.

Land Contracts, Land Cash, etc $5,275 28

Fuel, Material and Stores 56,871 46

Accounts Receivable 53,257 36

Cash on Hand 11,688 62

Total $127,092 72

Bills Payable $75,125 !>7

Accounts Payable 14,297 H3

Pay Rolls and Vouchers 16,279 <>5

Due Account of Traffic 5,945 !!5

Land Department 14,502 H7

Profit and Loss 942 05

Total, $127,092 72

Company's General Balance Sheet, Jan. 1, 1892 (latest rendered).

Cost of Road, Equipment, etc $6,440,138 92

Reorganization Account 9,381 70

Materials and Fuel on Hand 44,73989

Land Notes 8,986 16

Current Accounts 64,759 10

Cash on Hand 147,374 61

Total Assets $6,715,380 38

Capital Stock (shares, $100) $3,250,000 IX)

Funded Debt Outstanding 3,222,400 DO

Current Accounts 73,716 S5

Reorganization — Suspense Account 13,369 :JO

Land Department 41,789 :>0

Profit and Loss 114,105 13

Total Liabilities $6,715,380 ,'!

Funded debt consists of 1st mtge. 5 p. c. 50-yr. $1,000 gold coup, bonds, dated Sept. 1, 1887, interest
March and Sept., at the office of the trustee, Central Trust Co., New York; total auth. issue, $3,250,000.

Land Department.— Under Acts of Congress of Feb. 9, 1853, and July 28, 1866, there
were gran'ed to the Memphis and Little Rock RR. Co., through the State of Arkansas, 438,646

POOR'S MANUAL OF EAILROADS. 205

i

acres of land. The Mississippi River, opposite Memphis, and Argenta, opposite Little Rock,
are the land-grant termini. On June 30, 1897, there had been . patented 184,657.38 acres.
The cash receipts from the land department during the year amounted to $4,190, and the ex-
penses to $2,382.99, and there are outstanding on account of time sales, $5,275.28. The com-
pany still owns 55,257.90 acres of land. These Itu.cls are covered by the general mtge. secur-
ing the bonds described in the foregoing note.

Directors (elected March 14, 1897).— Rudolph Fink, U. M. Rose, Geo. B. Rose, W. E.
Hemingway, Little Rock, Ark.; J. W. Wynne, J. W. Beck, Forrest City, Ark.; R. K. Dow,
Claremont, N. H.; H. K. Sheldon, Brooklyn, N. Y.; J. H. Smith, H. P. Talmadge, F. C.
Laurence, Jr., New York, N. Y.

RUDOLPH FINK, Receiver, Gen. Mgr. & Purch. Agt Little Rock, Ark.

Treat, for Rec.— John W. Goodwin. .Little Rock, Ark. ] Supt.— James Harrington Memphis, Tenn.

PRINCIPAL OFFICE AND ADDRESS ". . .Little Rock, Ark.

ST. JOSEPH AND GRAND ISLAND RAILWAY COMPANY.

Line of Road. — St. Joseph, Mo. , to Grand Island, Neb 251.06 miles.

Sidings, 30.75 miles. Gauge, 4 ft. 8£ in. Rail (steel, 251.06 m.), 52 and 60 Ibs.

History. — Organized Feb. 23, 1897, as successor to the St. Joseph and Grand Island RR.
Co., whose property was sold under foreclosure Dec. 23, 1896, iu pursuance of a plan of reor-
ganization, an abstract of which was published in the MANUAL for 1896, page 943. The
property was turned over to the new company on March 1, 1897. Previously it was operated
by the Union Pacific receivers.

Rolling Stock, June 30, 1897. — Locomotives, 23. Cars — coaches, 6 ; combination, 5 ;
baggage, 6 ; business, 1 ; freight (box, 467 ; flat, 18 ; stock, 93 ; coal, 39 ; caboose, 12), 629 ;
service, 18— total, 667.

Income Account, for the period Feb. 28 to July 1, 1897. — Earnings — passenger, $40,-
072.91 ; freight, $249,511.22 ; mail and express, $13,464.22; other, $13,180.57— total, $316,-
228.92. Operating expenses — transportation, $115,065.07 ; maintenance of equipment,
$29,820.99 ; roadway and structures, $67,097.22 ; general, $11,297.56— total, $223,280.84.
Net earnings (29.39 p. c.), $92,948.08 ; interest received, $124.77— total net income, $93,072.85.
Payments (for six months, Jan. 1 to June 30, 1897) : Interest on bonds, $35,000 ; taxes, $35,-
752.83— total, $70,752.83. Surplus, $22,320.02. Less net sundry deductions, $18,486.65 ;
net surplus, June 30, 1897, $3,833.37.

The operations for the year ending June 30, 1897, embracing eight months ending Feb.
28, 1897, of the old (railroad) company, and four months ending June 30, 1897, of new (rail-
way) company were aa follows : Train mileage — passenger, 255,814 ; freight, 477,254 — total,
733,068 miles. Passengers carried, 164,335 ; carried one mile, 4,668,529. Tons freight moved,
484,439; moved one mile, 64,423,967. Earnings— passenger, $125,233.02; freight, $733,831.96 ;
mail and express, $40,001.38 ; other, $40,020.87— total, $939,087.23. Operating expenses-
transportation, $365,833.37; maintenance of equipment, $87,626.02; of way and buildings,
$169,220.95 ; general, $35,781.02— total, $658,461.36. Net earnings, $280,625.87.

General Balance Sheet, June 30, 1897.

Cost of Road, Equipment, etc $16,990,103 28

Cash on Hand 67,007 41

Materials and Supplies 77,532 73

Due from U. S. Gov't P. O. Dept 7,230 59

Other Current Assets 55,714 64

Assets not considered Available, but .

held for Distribution 3,245 24

Total Assets $17,200,833

Capital Stock Outstanding (see below). .$13,527,600 00

Funded Debt Outstanding (see below) . . 3,500,000 00

Audited Vouchers and Pay Rolls 89,463 06

1st Mtge. Coupons Due and Unpaid 35,000 00

Accrued Taxes 29,545 44

Other Current Liabilities 15,392 02

Profit and Loss 3,833 37

Total Liabilities $17,200,833

Capital stock outstanding (shares, $100), consists of $4,600,000 common stock, being the
total authorized issue ; $5,497,600 1st preferred 5 p. c. non-cumulative stock ($5,500,000
authorized,, less amount in treasury at par, $2,400), and $3,430,000 2d preferred 4 p. c. non-

206

POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

cumulative stock ($3,500,000 authorized, less amount in treasury at par, $70,000). A dividend
of 2^ p. c. on the first preferred stock was paid Jan. 15, 1898.

Statement of the income and charges for eight years, 1890 to 1897 :

60

'-%*
a u

4>M

h

1890
1891
1892
1893
1894
1895
1896
t!897

Mile-
age
Oper-
ated.

Gross
Earnings.

Working
Expenses.

Taxes.

\

Surplus
Earnings,
Taxes
Deducted.

Miscella-
neous
Income.

Total
Income.

Int.
on
Bonds.

Other
Charges.

Total
Charges.

Deficit.

252.52
251.06
251.06
251.06
251.06
251.06
251.06
251.06

1,094,839 85
846,338 35
1,085,813 04
1,005,698 50
786,982 88
614,078 11
724,169 60
316,228 92

$

753,401 65
619,503 30
669,295 72
667,786 33
596,369 55
503,35733
571,81080
223,28084

$

81,013 67
63,104 05
59,318 51
64.275 88
35;313 71
97,127 30
64,338 56
35,752 83

$

260,42453
163,731 00
357,198 81
273,636 29
145,299 62
13,593 48
88,02024
57,195 25

$

187,113 97
261,104 80
65,612 94
147,650 16
274,700 38

' "5,299 06
12477

$

447,538 50
424,835 80
424,811 75
421,28645
420,00000
13,593 48
93,31930
57,320 02

$

420,000
420,000
420,000
4x>0,000
420,000
420.000
430,000
35,000

$ $

85,3-21 60 505.321 60
133,122 47 553,122 47
49,216 69 469,216 69
113,641 8253:164182
120,785 78 540,785 78
*18, 133 97, 401 ,866 03
11611 420,11611
18,48665! 53,48665
1

$
57,783 10
128,28ti 67
46,404 !)4
112,355 37
120,785 78
388.272 55
32H,796 81
3,63337

* Credit.

t For the period Feb. 28 to July 1, 1897.

Funded debt consists of 1st mtge. 50-yr. $1,000 gold coup, and registered bonds, due Jan. 1, 1947, in-
terest Jan. and July at the rate of 2 p. c. per annum for the first two years, 3 p. c. per annum for the ne>t '
three years, and 4 p. c. per annum thereafter. The authorized amount of the bonds is $5,000,000, of which
$500,000 are reserved for future uses of the company, the issuing of them being restricted to the yearly
amount of not exceeding $100,000; and $1,000,000 can be issued only for new mileage, at not exceeding $6,0(0
per mile. Trustee of bonds: Central Trust Co. of New York. Interest payable in New York.

Voting Trust. — A voting trust will retain control of the common stock for five years for the benefit of
the 1st preferred stock, unless the latter pays full dividends for three consecutive years, after which the con-
trol shall rest with the 1st and 2d preferred stocks, and shall so continue for three years next ensuing, after
which all stocks shall be entitled to a full and equal vote. The power of the voting trustees and vote of
consent in respect to the shares held under the trust shall expire on Jan. 1, 1902, except in the case that
there shall have been paid on the 1st preferred stock a dividend of 5 p. c. in each year for three consecutive
years prior to Jan. 1, 1902, in which event the power of the voting trust shall continue until the expiration
of three years after the expiration of the third year in which such dividends shall have been paid. The vot-
ing trust consists of three trustees: F. P. Olcott, J. Kennedy Tod, New York, N. Y. ; Gordon Abbott, Boston,
Mass.

Directors (elected Oct. 19, 1897).— F. P. Olcott, Wm. L. Bull, Henry Budge, J. Kennedy
Tod, E. McNeill, New York, N. Y. ; Gordon Abbott, Boston, Mass.; F. C. Kern, Henry
M. Robinson, Ulysses G. Life, Hiawatha, Kan.

WILLIAM L. BULL, President 88 Broad St., New York, N. Y.

Henry Budge, Vice-Pres. and Treaturer 28 Broad St., " "

Harry Bronner, Aast. Treasurer " " "

Secretary— W. 8. Wilson New York, N. Y. | Auditor— J. G. Drew St. Joseph, Mo.

PRINCIPAL OFFICE AND ADDRESS St. Joseph, Mo.

RAILROAD OPERATED IN CONNECTION WITH THE ST. J. & G. I. RY. Co. ; OPERATIONS

REPORTED SEPARATELY.

KANSAS CITY AND OMAHA. BY.— Stromsburgh to Fairfleld, Neb., 64.35m.; branches: McCool
June. (" Y " switch) to K. C. & O. June., Fairbury, Neb., 43.67 m. ; Alma June., Fairfield, to Alma, Neb., 85.66 m.
—total, 193.68 miles. Sidings, etc., 12.29 miles. Gangc, 4 ft. 8* in. Rail (steel, 193.68 m.), 52 Ibs. The property
of the Kansas City and Omaha RR. CS. was sold under foreclosure on July 8, 18%, an'd was bid in by the bond-
holders, who organized the present company in Sept., 1896. The receivers surrendered the property to the new-
company on Nov. 1, 1896, and since then it has been operated in connection with the St. Joseph and Grarid
Island Ry. Co. under an operating agreement. (See MANUAL for 1897, p. 814.) Locomotives, 10. Cars— passen-
ger, 4 ; baggage, etc., 4; freight (box, 297 ; flat, 11 ; coal, 34), 342 ; caboose, 6 ; other, 1— total, 357.

Operations, year ending June 30, 1897.— Trains run (passenger, 24,147 ; freight, 25,232 ; mixed, 60,571), 100,-
950 miles. Passengers carried, 18,121; carried one mile, 397,659. Tons moved, 130,602; ton miles, 5,153,557.
Earnings (passenger, $9,070; freight, $120,079; other, $20,413), $149,562. Operating expenses, $95,445. Net
earnings, $.54,117. Payments : Interest on bonds, $75.000 ; taxes, $16,500— total, $91,500. Deficit, $37,3!- 3.

Financial Statement, June 30, 1897.— Capital stock (shares, $100\ $3,000,000 ; funded debt. $2,000,000;
accounts payable, $25,898 ; hospital fund, $361 ; accrued taxes, $16,500 ; interest due unpaid, $50,000 : interest
accrued not due, $25,000— total, $5,117,759. Contra: Cost of road', etc., $5.000.000; material", etc., $815; casi, .
$25,083; special renewal fund, $27,499 ; sundry accounts", $26,979 ; profit and loss, §37,383— total, $5,117,759. As
provided by the reorganization agreement, all the stock and bonds are held by the reorganization committee
pending the complete reorsranization of the company.

Directors.— E. C. Benedict, Isidor Wormser, F. K. Pendleton, Anthony J. Thomas, Thos. B. Williams, :3.
L. Parrish, P. C. Anderson, New York, N. Y. OFFICERS : E. C. BENEDICT, Pres.; F. K. Pendleton, Vtce-Pres.;
P. Channcey Anderson, Treat.; S. L. Parrish, Sec., New York, N. Y.; M. P. Robinson, Jr., Gen. Mgr.; J. G.
Drew, Aud., St. Joseph, Mo. GENERAL OFFICE, St. Joseph, Mo. '™^f*&

POOR'S MANUAL OF RAILROADS. 207

ST. LOUIS SOUTHWESTERN RAILWAY COMPANY.

(For map of this system see page 209.)

Lines of Road Owned :

f Main Line : Bird's Point, Mo., to Texarkana, Tex. . , , , .418.00 m.

ST. Louis New Madrid Branch : Paw Paw, Mo., to New Madrid. . 5.70 m.

SOUTH- J Magnolia Branch : McNeil, Ark., to Magnolia, Ark. . . . 6.40 m.

WESTERN ] Delta Branch : Maiden, Mo., to Delta, Mo 51.40 m.

RT. Co. Little Rock Branch : Altheimer, Ark., to Argenta, Ark. 41.70 m.

[ Shreveport Br.: Lewisville Jc., Ark., to Sbreveport, La.. 59.50 m. — 582.70 miles.

ST. Louis (Main Line : Texarkana, Tex., to Qatesville, Tex 304.60 m.

SOUTH- J Sherman Br.: Mt. Pleasant to Sherman, Tex 109.90 m.

WESTERN RT. 1 FortWorth Br.: Commerce to Ft. Worth, Tex 97.20 m.

Co. OF TEXAS. [Hilltboro Br.: Coreicaua, Tex., to Hillsboro, Tex. . . 40.00 m.— 551.70 "
Tyler Southeastern By. Co. : Tyler, Tex., to Lufkin, Tex ^ 88.60 "

Total length of all lines, St. Louis Southwestern System, June 30, 1897. .1,223.00 miles.
Sidings, etc. (St. L. S. W. Ry., 124.9 m. ; St. L. S. W. Ry. of Texas, 84.9 m.; T. S. E. Ry.,
8.1 m.), 217.9 miles. Gauge, 4 ft. 8£ in. Rail (steel 1,223 m.), 35, 56, and 75 Ibs.

History. — Reorganization of the St. Louis, Arkansas and Texas Ry. Co., whose property
was sold under foreclosure in Oct. 1890. Three distinct companies were formed Jan. 12,
1891 — the St. Louis Southwestern Ry, Co., the St. Louis Southwestern Ry. Co. of Texas, and
the Tyler Southeastern Ry. Co. (See MANUAL for 1892.) During 1895 the gauge of the Tyler
Southeastern Ry. was changed from 8 ft. to the standard.

Extracts from the company's report, 1896-97 :

Magnolia Branch. — The Magnolia, Arkansas, branch of 6.4 miles has been leased to the Louisiana and
Northwestern RR. at a rental of $3,960 per year, payable semi-annually April 1 and Oct. 1. This lease is
effective as soon as the L. & N. RR. shall have completed its track and begun the operation of the same
from the town of Magnolia to a point on the State line between Louisiana and Arkansas, and is to continue
for a period of 20 years from that date. In addition to this a traffic agreement has been made with the
Louisiana and Northwestern RR. that will open up to the St. L. S. W. Ry. about 80 miles of new and un-
developed territory.

Gray's Point Terminal Ry. Co. — The Chicago and Texas RR. will extend its line from its present
Southern terminus at East Cape Girardeau, to a point in Illinois opposite Gray's Point, thus enabling^the
company to exchange business with that line, and through that line with the Mobile and Ohio RR. at
Murphysboro, 111.; the Chicago and Eastern Illinois RR. at Johnston City, 111., and the Illinois Central RR.
at Carbondale and Harrison, 111. In order to accomplish this, the St. L. S. W. Ry. Co. has entered into a
contract with the Gray's Point Terminal Ry. Co. to construct a line of road from Delta, Mo., to Gray's
Point. The Terminal company takes in payment its own 5 p. c. semi-annual interest bearing 50-yr. bonds
at ninety cents on the dollar, both principal and interest to be guaranteed by the St. L. S. W. Ry. Co. ; the
total amount of capital stock of the Terminal company to be assigned to the Southwestern Co. The esti-
mated cash outlay of the Terminal company will be about $260,000, and the total amount of bonds issued
will not exceed $300,000, which will only increase the annual interest charge of the St. L. S. W. Ry. Co. not
to exceed $15,000.

Paragould Southeastern Ry. — An extension of the Paragould Southeastern Ry. is being constructed
from Cardwell, Mo., the present terminus, eastward to Hornersville on Little River, a distance of about 10.5
miles, the cost of which is estimated to be less than $4,000 p. m. This addition to the line will be bonded
for the exact cost of construction and equipment, and stock will be issued equal to the amount of the bonds.
The St. L. S. W. Ry. Co. will furnish second-hand 35-pound rails and fastenings, which have been taken out
of its main line, necessary to lay this new track, and will also furnish some second-hand equipment when
the operation of this extension is commenced; in return for which it will receive in payment bonds and
stocks covering the extension. It is expected that this new extension will be completed and in operation by
Oct. 1, 1897.

•Rolling Stock, June 30, 1897. — Locomotives, 136. Cars — passenger, 52 ; chair, 9 ;
officers', 4; combination, 3 ; baggage, etc., 31 ; freight (box, 2,538 ; stock, 295 ; flat, 773 ;
coal, 501 ; refrigerator, 25 ; furniture, 125), 4,257 ; caboose, 72 ; derrick, 5 ; steam shovel, 2;
cinder, 11 ; ditching plough, 1 ; plow ca-s, 1 ; pile driver, 4 — total, 4,452. Included in the
foregoing equipment are 2 narrow-gauge locomotives.

Operations, year ending June 30, 1897. — See tabulated statement on p. 208.

Earnings— Pascenger $785,018 07

Freight 3,668.481 77

Mail and Express 218,231 84

Miscellaneous 71,814 75

Total ($3,878.62 per mile) $4,743,546 43

Expenses— Conducting Transportation $1,342,236 94

Maintenance of Equipment 1,237,778 £3

Maintenance Way & Buildings. . 1,117,472 22
General 158,40025

Total ($3,152.81 per mile) $3,855,888 21

Net earnings (18.71 p. c.), $887,658.19; add other receipts, $3,584.17— total, $891,242.36.
Payments : Interest on bonds, $800,000 ; taxes, $121,485.44 ; interest and exchange, $17,-
268.31 ; other, $15,676.87— total, $954,430.62. Deficit for year, $63,188.26. Surplus forward,

208

POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

$288,622.57 ; net surplus ($225,434.31, less discount on 1st mtge. certificates sold, $45,887.97;
bad debts charged off, etc., $13,848.15— total, $59,731.12), $165,703.19.

Statement showing mileage operations, etc., for seven fiscal years, ending June 30 :

1891

1892

1893

1894

1895

1896

1B97

Miles Operated

1,222.10

1,222.10

1,223.00

1,223.00

1,223.00

1,223.00

1,223.00

Passenirer Train Mileage
Freight Train Mileage . .
Passengers Carried
Passengers One Mile
Freight (tons) Moved . .
Freight (ton ) Miles

Gross Earnings .

1,195,002
1,894,784
866,434
34,193,120
1.252,978
251,647,375

4,323,655

1,156,760
1,839,486
833,293
33,131,148
1,302,580
270,433,058

4,636,462

1,279,192
2,180,373
842,493
35,019,502
1,506,696
329,183,200

5,116,080

1,298,870
1,858,914
810,801
37,040,490
1,328,377
282.162,773
'$
4,615,144

1,358,605
1,940.257
838,984
36,744,040
1,470,257
309,245,333
S
5,217,174

1,440,748
1,987,431
935,555
40,159,897
1,487,078
312,998,714
$
4,904,490

1,465,147
2,036,992
803,644
33,214,295
1,524,709
325,472.192
$
4,743,546

Operating Expenses ....

4,849,655

3,824,294

4,281,833

3,873,778

3,977,221

4,132,375

3,855,888

Net Earnings

def. 526,000

812,168

&34,247

741,366

1,239,953

772,115

887,658

Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile. .
Expenses to Earnings. . .
Earnings p. Pass p. Mile
Earnings p. Ton p. Mile

3,537 89
3,96830
def. 430 41
112. 17 p. c.
2.50o.
I.31C.

3,793 85
3,12928
66457
82.48 p. c.
2.58C.
1.81 c.

4,18322
3,501 09
68213
83. 69 p. C.
2.51 c.

3,77363
3,167 44
60619
83. 94 p. c.
2.38c.
1.24c.

4,265 88
3,252 02
1,013 86
76. 23 p. c.
2.42c.
1.88 C.

4,010 21
3,378 88
63133
84.26 p. c.
2.35 c.
1.18 C.

3,878 62
3,152 81
72581
81 .29 p. c.
2.36 c.
1.13C.

General Balance Sheet (Entire System), June 30, 1897.

Cost of Road and Equipment
Construction Accounts
Real Estate

.$65,457,514 71
21,530 95
27,327 95
275 250 00

Common Stock (shares, $100) $16,500,00000
Preferred Stock (shares, $100) 20,000,000 00
Funded Debt Outstanding (see below)... 28,000,000 00
Equipment Trust Obligations 294,557 74

Cash '

156,718 03

Deferred Liabilities* 577,290 29

111,988 51

Audited Vouchers and Pay Rolls 645,907 24

3,576 20

Interest on Bonds — Unpresented Coupons 32,600 00

4,650 63

Miscellaneous Accounts 90,376 00

Supplies on Hand...

247,877 48

Profit and Loss... 165,703 19

Total Assets $66,306,434 46

Total Liabilities $66,306,434 46

„ * Consisting of — Notes payable, due at stated dates after July 1, 1897, $377,500; interest on bonds accrued,
not due till Nov. 1, 1897, $133,333.33; taxes accrued, year 1897— not due till 1898, $62,096.30; hospital fund,
$4,360.66— total, $577,290.29.

" Stocks and Bonds Owned." — $25,000 capital stock and $25,000 1st mtge. bonds of the Paragould
Southeastern Ry. Co., cost, $25,000; preferred stock St. L. S. W. Ry. Co., $106,350; common stock St. L. S.
W. Ry. Co., $143,900— total, $275,250.

Funded debt outstanding consisted, June 30, 1897, of —

1st mtge. 4 p. c. 100-yr. gold bond certificates, due Nov. 1, 1989, interest May and Nov $20,000,000

2d mtge. 4 p. c. 100-yr. gold income bond certificates, due Nov. 1, 1989, interest Jan. and July.... 8,000,000

These certificates represent bonds of the constituent companies deposited with the trustees — $9,895,000
ISIB and $4,947,500 incomes, secured on the St. Louis Southwestern Ry. ; $9,445,000 Ists and $4,722,500 in-
comes, on the St. Louis Southwestern Ry. of Texas; $660,000 Ists and $330,000 incomes, on the Tyler South-
eastern Ry. The remainder of the $10,000,000 incomes authorized is held by the trustee to provide for future

Ists

St. Louis Southwestern Ry. Co. of
Texas. — Mileage, rolling stock, operations, etc., are
Included in the main statement. Financial State-
ment, June 30, 1897.— Capital stock ($100 shares),
$2,500,000; funded debt, 1st mtge. 4 p. c. 99-yr.
!?1,000 gold coup, bonds, due Nov. 1, 1989; interest
payable May and Nov., $9,445,000; 2d mtge. income
4 p. c. 99-yr. $1,000 gold reg. bonds, due Nov. 1,
1989. interest payable, if earned, Jan. and July, $4,-
722,500; equipment trust notes. $147,279; deferred
liabilities, $129,165; current liabilities, $209,420; mis-
cellaneous accounts, $300; St. L. S. W. .Ry. Co. gen-
eral account, $2,219.111— total, $19,372,775. Contra:
Cost of property, $17,166.331; cash and cash assets,
$115,230; supplies on hand, $74.536; T. S. E. Ry. Co.
general account, $148,460; profit and loss, $1,868,218
—total, $19,372,775. Directors (elected May, 1898).—
S. W. Fordyce, St. Louis, Mo.; W. W. Seley, Waco,
Tex.; Tom Randolph, Sherman, Tex.; J. A. Edson,
Tyler, Tex.; Edwin Gould, Irvington, N. Y.; Wins-
low S. Pierce, New York, N. Y. ; W. B. Doddridge,
St. Louis, Mo.; Jas. Garitty, Corsicana, Tex.; W. C.
Connor, Dallas, Tex. Officers: S. W. Fordyce, Pres.,
St. Louis, Mo.; Edwin Gould, 1st Vice-Pres., Irving-

ton, N. Y. ; J. A. Edson, 2d Vice-Pres. & Gen. Supt. ;
J. W. Hogan, Treas.; R. D. Cobb, Sec. & Aud.,
Tyler, Tex. General Office, Tyler, Tex.

Tyler Southeastern Ry Co.— Mileage, roll-
ing stock, operations, etc., are included in the main
statement. Financial Statement. June 30, 1897.— Cap-
ital stock ($100 shares), $250,000; 1st mtge. bonds,
$660.000; 2d intge. bonds, $330.000— description of
both issues similar in all respects to corresponding
issues of the St. L. S. W. Ry. in Texas; St. L. S.
W. Ry. Co. general account, $120.790; St. L. S. W.
Ry. Co. of Texas, general account. $148,460; mis-
cellaneous accounts, $5,356— total, $1,514.606. Con-
tra: Cost of road and equipment, $1.246,157; cur-
rent assi-ts, $119; profit and loss, $268,330— total,
$1,514.006. Directors (elected May, 1898) — H. H
Rowland, Tyler, Tex.; Howard Gould, Tarrytown,
N. Y.; W. S. Mallett. Guy Phillips. New York.
N. Y.; T. F. Murchison, Athens, Tex.; J. P. Douglas,
J. A. Edson, Tyler. Tex. Officers: H. H. Rowland,
Pres., Tyler, Tex.; Howard Gould, Vice-Pres., Tarry-
town, N. Y.; J. A. Edson, Gen. Supt.; J.-P. Douglas,
Sec.; J. W. Hogan, Treas.; R. D. Cobb, Aud., Tyler,
Tex. General Office, Tyler, Tex.

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4

MAP OF THE

St. Louis Southwestern R'y.
St. Louis Southwestern R-'y of Texas, .
Tyler Southeastern R'y.

209

210

POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.

Board of Directors, St. Louis Southwestern By. Co., elected Oct. 5, 1897.

3. W. Fordyce St. Louis, Mo.

Edwin Gould Irvington, N. Y.

M. Gerneheim New York, N. Y.

R. M. Galloway.. . .New York, N. Y.
Thos. T. Eckert... "
Winslow S. Pierce. " "

W. B. Doddridge St. Louis, Mo.

Murray Carleton " "

A. L. Wolff

S. W. FORDYCE, President ... St. Louis, Mo.

Edwin Gould, Vice- President Irvington, N. T.

Secretary— George Krbeldimg New York, N. Y.

Treat. & Asst. Sec.—G. K. Warner St. Louis, Mo.

General Auditoi — S. C. Johnson St. Louis, Mo.

General Supt.—J. A. Edson Tyler, Tex.

PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.

UNION PACIFIC, DENVEK AND GULF RAILWAY COMPANY.

Lines Owned:

Standard Gauge.

Cheyenne to Orin Junction, Wyo . . , . . .153.68 m

Jnlesburg to La Salle, Col 151.53

Jersey, Col., to Cut-off Junction (3 rails) 3.08

Denver to Argo Junction, Col 2.49

Argo Junction to Boulder, Col 26.79

Boulder to Boulder Valley Junction, Col 1 .21

Boulder Valley June, to Boulder June., Col. . . 0.16

Loveland to Arkins, Col 8.24

Marshall Junction to Fort Collins, Col 54.82

Louisville to Lafayette, Col 3.28

Louisville to Allen-Bond Wine 3.35

Greeley to Stout, Col 39.46

Denver, West Side Line 4.85

Denver to Bessemer Junction, Col 128.33

Beshoar to Grey Creek, Col 7.84

Trinidad Roll. Mill, Col., to Tex. State Line. .136.78
Manitou Junction to Colorado Springs, Col. . . 9.12

Pranceville Junction to Franceville, Col 4.51

Chicosa Junction to Forbes, Col 4.04

Forbes Junction to Acme, Col 11.87

Pueblo Freight House Track 0.56

Franklin to Berwind, Col 2.88

Trinid.,OoL. toVasq.. N.M. 39.43m.
Catskill, N.M., to Dunn's... 6.43
Sopris June, to Sopris, Col. 0.66

Ludlo w to Hastings, Col 2 . 97

Acme Jc. to Aquilar, Col . . . 2.51
Walsenburgto Acme, Col... 19.93
So.End Y, at Forbes, to Roll-
ing Mills, Trinidad, Col. . . 7.61

—838.35 miles.

Narrow Gauge.

ArgoJc.toGeorget'n, Col... 47.34m.
Georget'n to Graym't, Col... 8.47 "
Forks Cr. to Cen. City, Col.. 11.77"
Golden to Glencoe, Col ..... 8.70"
Boulder toward Sunset, Col. 0.62 "'

Total length of lines owned. 915.25

Lines Operated under Contract and

Trackage Sights.

Gulf Jc. toWalsenb.Jc.,Cpl. 56.04m.
Walsenburg Jc. to end joint
track .................... 3.61

- 58.65

Total length of all lines operated Dec. 31, 1897 973.90 miles.

Sidings, 113 miles. Gauge, 4 ft. 84 in. (897 m. track), and 3 ft. (76.90 m. track). Rail, iron
and steel.

: ••• History. — Consolidation, April 1, 1890, of the Colorado Central RE. Co., the Georgetown,
Breckenridge and Leadville Ry. Co., the Denver and Middle Park RR. Co., the Denver, Mar-
shall and Boulder Ry. Co., the Greeley, Salt Lake and Pacific Ry. Co., the Denver, Texas and
Gulf RR. Co., the Denver, Texas and Fort Worth RR. Co., the Road Cafion RR. Co., the
Chicosa Canon Ry. Co., the Canon de Agua RR. Co., the Colorado Central RR. Co. of Wyoming,
and the Cheyenne and Northern RR. Co. (See MANUAL JOT 1889.)

On Oct. 13, 1893, the property of this company passed into the hands of S. H. H. Clark,
Oliver W. Mink, and E. Ellery Anderson, as receivers. On Nov. 13, 1893, John W. Doane
and Frederic R. Coudert were appointed additional receivers. On Dec. 18, 1893, as the r> suit
of a suit brought by a shareholder, the property was turned over to Frank Trunibull, as suc-
cessor receiver. Two bondholders' committees have been appointed — one representing the
consolidated bonds of 1939, of which Grenville M. Dodge is chairman, and I. T. Granger
is 'secretary (address, 1 Broadway, New York City), and the other representing the Denver,
Texas and Gulf, and Denver, Texas and Fort Worth bonds, composed of Henry B. Ely, R. H.
Thomas, W. B. Dickerman and M. L. Scudder. A majority of the securities represented by
the respective committees has been deposited, but no plan of reorganization had been formu-
lated up to June 15, 1898. In Sept., 1897, the trustees of Union Pacific collateral trust 6s
sold $5,813,000 consols, and $13,251,882 stock of the U. P., D. & G. Ry. Co. to representatives
of the reorganization committee. The eld accounts between this company and the Union
Pacific Ry. Co. have been settled absolutely and the settlement approved by the courts.

Since the close of the fiscal year the Julesburg Division has been sold to the Union
Pacific Ry. Co., title to be given when the receivership of this road terminates. Also, a
(.contract has been made with the Colorado and Northwestern Ry. Co. for facilities and ex-

POOR'S MANUAL — UNION PACIFIC, DENVER AND GULF RY. CO. 211

change of business at Boulder, and one with the Denver and Rio Grande RR. for use of the
line from Pueblo to Walseuburg for a term of years beyond the receivership.

Rolling Stock, Dec. 31, 1897. — Standard Gauge : Locomotives, 92. Cars — passenger,
22; chair, 3; baggage, etc., 17; business, 1; freight (box, 920; stock, 518; furniture, 25;
coal, 931; flat, 125; refrigerator, 20; caboose, 42; fruit, 12), 2,593; other, '18— total cars,
2,654. Narrow Gauge: Locomotives, 9. Cars — passenger, 25; chair, 2; baggage, etc., 6;
business, 1; freight (box, 111; coal, 1*21; flat, 30 ; caboose, 3 ; stock, 9), 274 — total cars, 308.

Operations, year ending Dec. 31, 1897 (973.90 m".). — Train mileage — passenger, 833,908 ;
freight and mixed, 1,435,226 ; other, 73,843 — total, 2,342,977 miles. Traffic operations not
reported :

EXPENSES. 1897 1896

Conducting Transportation. $1,359,206 11 $1,221,973 78

Maintenance of Equipment. 456,80530 399,70506

Maintenance of Way 569.400 32 616,242 12

General 118,39032 99,91356

EARNINGS. 1897 1896

Passenger $633,784 75 $589,202 74

Freight 2,726,43377 2,322,93857

Mail and Express 130,317 11 130,853 14

Miscellaneous 64,04119 58,72162

Total $3,554,576 82

Total per mile 3,649 83

$3,101,716 07
3,184 84

Total $2,503,802 05 $2,337,864 52

Total per mile 2,570 90 2,400 52

Net earnings, 1897 (29.56 p. c.), $1,050,774.77 ; add miscellaneous receipts — dividend on
Denver Union Depot and RR. Co., $10,000 ; interest on bonds owned, $4,550 ; on bank bal-
ances, $9,797.89; other items, $812.59— total income, $1,075,935.25. Payments : Taxes,
$171,351.11 ; interest on Col. Cent. 1st mtge. bonds, $335,160 ; on receiver's certificates, $1,-
759.57 ; improvements, $29,663.51 ; net amount paid account transactions prior to Dec. 18,
1893, $17,191.75 ; other items, $752.21 — total, $555,878.15. Net credit to income account,
$520,057.10.

Statement of earnings, expenses and income account for eight years ending Dec. 31 :

YEARS

1890.
1891.
1892.

Average
Miles
Operated.

927.41
983.34
985.95

Gross
Earnings .

$
3,738,573
3,732,244
4,135,241

Operating
Exp. ana
Taxes.

$

2,928,673
3,075,252
3,375,063

Net
Earnings.

S
809.900
656,992
760,178

Miscel-
laneous
Income.

127,458
545.628
463,329

Total
Income.

937,358

1.202.620
1,223,507

Interest
on
Bonds.

$

821,325
1,202,620
1,219,027

Other

Charges.

$

229.957
26,852
4,480

Total
Charges.

$ -

1,051, '282
1,229,478
1,223,507

Balance
( + or-).

$
-113,924

- 26,851

1893.

1,002.59

3,510,964

3,125,360

830,626

1,216,230

1,217,877

*1,647

1,216,230

1894.
1895.
1896.
1897.

1,000.28
986.98
973.90
973.90

2,847,057
3,091,486
3,101,716
3,554,577

2,<*01,068
2,472,189
2,493,508
2,675,153

44519S9
619,297
608,208
879,424

22,583
24,886
21,393
25,160
* Credit.

468,573
644,183
629,601
904,584

335,160
335,160
335,160
335,160

21,888
52,931
38,169
49,368

357,048
388,091
373,329
384,528

+ 111.525
+ 256,092
+ 256,273
+ 520,057

Income Account, for the whole period of the receivership, Dec. 18, 1893, to Dec. 31, 1897
(including net income for period Oct. 13 to Dec. 18, 1893, under the operations of receivers S.
H. H. Clark, et al.). — Net earnings (gross earnings, $12,707,337.75 ; less operating expenses
and taxes, $10,128,951.15), $2,578,386.30 ; miscellaneous income (credits, $247,697.55 ; debits,
$134,431.62), $113,165.93— net credit to income, $2,691,552.23. Contra : Interest on Colorado
Central 1st mtge. bonds paid, $1,340,640 ; on receiver's certificates paid, $2o,212.41 — total,
$1,365,852.41. Balance to credit of income, Dec. 31, 1897, $1,325,699.82.

Receipts and Disbursements, year ending Dec. 31, 1897. — Cash on hand Dec. 31, 1896,
$279,123.78 ; cash receipts for year, .$5,955,140.78 ; cash disbursements, $5,840,772.05. Bal-
ance on hand, Dec. 31, 1897, $393,492.51.

Receiver's Balance Sheet, Dec. 31, 1897.— Materials and supplies, $283,922.56 ; current
assets (cash, $393,492.51 ; agents and conductors, $129,448.35 ; individuals and companies,
$246,899.29 ; U. S. Government, $22,096.79), $791,936.94; new equipment, $300,616.77;
construction, Trinidad to Walsenburg, $307,956.79 ; surveys north of Walsenbnrg, $4,502.75;
improvements incident to construction, $26,003.96 ; Allen-Bond mine spur, $4,375.05 ; Pueblo
Union Depot & RR. Co. sinking fund, $3,200 ; Pueblo Union Depot & RR. Co. capital stock,
$8,120 ; Denver, Texas & Ft. Worth equipment trust bonds, $2,450 ; lands exchanged with
the Burlington, $9,605.19— total, $1,742,690.01. Contra: Current liabilities (vouchers, $204,-
074.81 ; payrolls, $101,161.34; foreign roads balances, $89,541.73; employees' deposits,
$880.55), $395,658.43; Russell Stone yard, $1,339.33; Lyons Quarry, $25; Sunset Branch
salvage, $11,694.17; Chicosa Canon Branch salvage, $5,076.77 ; rails released not relaid,
$3,196.49— total, $416.990.19. Balance to credit to income, $1,325,699.82.

212

POOR'S MANUAL OF RAILEOADS — SOUTHWESTERN GROUP.

Company's General Balance Sheet, Oct. 12, 1893 (latest rendered} .

Cost of Road and Fixtures $45,152,866 44

Capital Stock Owned by the Company... 3,406,800 00

Stock of Ft. Worth & Denver C'y Ry. Co. 7,766,000 00

Union Pacific Coal Co. Bonds 80,80000

Union Pacific Coal Co. Stock 20,140 00

Stock of Union Depot and RR. Co. and

other Companies (nominal value) 3 00

Company's B'ds Owned by the Company 826,000 00

Bonds of F. W. & D. C. Ry. Co. in Trust 165,000 00

Bonds of Pan-Handle Ry. Co. in Trust... 218,000 00

Colorado Central Bonds 65,000 00

Sundry Assets 24,860 04

Income Account 7,087 31

Total Assets $57,732,556 79

Capital Stock $32,786,982 00

Stocks of ConstituentCos. 1,050,110 90— $33,837,092 90

Funded Debt 22,436,000 00

Floating Debt 1,058,718 77

Interest Accrued, not yet Due 400,745 12

Total Liabilities. $57,732,556 79

Against the floating debt the company holds in its treasury $3,405,800 in its own capital
stock and $944,000 in its consolidated mtge. bonds.

Statement of funded debt, Dec. 31, 1893 (latest rendered) :

CUM.

Out-
standing.

Held in

Trust.

Afloat.

Annual
Charge
on Bonds
Afloat.

Annual
Charge on
Bonds in
Trust.

Consolidated 1st Mtge. 5s of Dec. 1, 1939

$
15,801,000

S

8,164,000

S

7,637,000

$
381,850

$
408,200

Chicosa Cafion Ry Co. 1st 5s of May 1, 1989

2,000

2,000

100

Caflon de Agua RR. Co. 1st 5s of July 1, 1939

2,000

2,000

100

Colorado Central RR. Co. :
First Mt^e 7s of July 1, 1909 .

4,788,000

4,719,000

4,000

280

330,330

Denver, Texas and Fort Worth RR. Co.:
First Mtge 5s of April 1 1937

721,000

721,000

36,050

Equipment Trust 5s of March I, 1899

4,000

4,000

200

Funded Interest 5s of Nov. 1, 1899

86,000

86,000

4,300

Denver, Texas and Gulf RR. Co. :
First mtge 5s of April 1 1937

1,032,000

1,032,000

51,600

Total

22,436,000

12,883,000

9,488,000

474,480

738,530

All overdue coupons of Colorado Central 1st mtge. bonds 'have been paid, except those
due Jan. 1, 1898, which have not yet been paid.

Coupons in default, Dec. 31, 1897: Denver, Texas and Gulf bonds (8 coups.) $206,400; D.,
T. & Ft. W. 1st mtge. bonds (9 coups.), $162,225; D., T. & Ft. W. equipment trust bonds (8
coups. ),$800 ; D., t. & Ft. W. funded interest bonds (9 coups.), $19,350; Chicosa Cafion RR.
bonds (9 coups.), $450; Canon de Agua RR. bonds (9 coups.), $450 ; U. P., D. & G. consoli-
dated mtge. (9 coups.), $3,555,225— total in default, $3,944,900.

The reorganization committee has secured about $2,700,000 of Colorado Central RR. 1st mtge. 7 p. c.
bonds of 1909, formerly owned by or in the interest of the Union Pacific Ry. Co.

The U. P., D. <fe G. Ry. Co. owns $826,000 of its own consol. 1st mtge. bonds, $65,000 Colorado Central
RR. Co. 1st mtge. 7 p. c. bonds, $101,000 of the U. P. Coal Co. 1st mtge. 5 p. c. bonds, and $100,700 of the
capital stock of the U. P. Coal Co. These bonds and stock, excepting the Colorado Central bonds, were
pledged with the U. P. Ry. Co. as collateral for advances made by that company for account of this company,
with the power in the U. P. Ry. Co. to rehypothecate or sell the same, and they have been deposited by
that company with the trustees under the trust indenture of Sept. 4, 1891.

The U. P., D. & G. Ry. Co. owns $3,406,800 of its own stock, $7,766,000 of the $9,375,000 capital stock of
the Fort Worth and Denver City Ry. Co., and $28,400 of the capital stock of the Bakerville and Leadville Toll
Road Co. It also owns $218,000 Pan-Handle Ry. Co. 1st mtge. 5 p. c. bonds, of a total issue of $225,000;
$160,000 Fort Worth and Denver City Ry. Co. equipment trust 5 p. c. bonds, all that are outstanding; and
$5,000 Fort Worth and Denver City Ry. Co. 6 p. c. bonds. The Pan-Handle and the Fort Worth and Denver
City Co.'s bonds thus owned are held "by the trustees of the U. P., D. & G. Ry. Co. consol. mtge. as part se-
curity for the bonds issued thereunder.

The consoJ. mtge. 5 p. c. bonds are payable Dee. 1, 1939. Both principal and interest are expressed to
be paid in United States gold coin. The issue is limited to $25,000 per mile of single track, and $35,000 per
mile of double track (including underlying mtge. bonds), and to further amounts upon pledging with the
trustee of the mtge. certain bonds and securities as provided in the mtge. The retirement of underlying
mtge. bonds in exchange for bonds of this issue is provided for. Bonds may be paid before maturity at 105
and accrued interest, after notice as required by the mtge, but only upon payment of the entire issue. The
prompt payment of interest on the first days of June and Dec. of each year is guaranteed by the Union
Pacific Ry. Co. under a traffic agreement. (See MANUAL for 1893.) The mtge. does net provide for a sinking
fund.

POOR'S MANUAL OF RAILROADS. 213

Directors (elected April 10, 1893.) — Oliver Ames, 3d, Edwiu F. Atkins, Samuel Carr,
F. Gordon Dexter, Jas. G. Harris, Oliver W. Mink, Boston, Mass.; S. H. H. Clark, Omaha,
Neb.; Grenville M. Dodge, Council Bluffs, la.; Morgan Jones, Fort Worth, Tex.

FRANK TRUMBTJLL, Receiver and General Manager Denver, Col.

S. H. H. CLABK, President Omaha, Neb.

Treat. forBeceiver — C. Wheeler Denver, Col. | Secretary — Alex. Millar ,, Boston, Mass.

Auditor— A. D. Parker Denver, Col.

GENERAL OFFICES. . . Denver, Col. ; Boston, Mass.

ARANSAS HARBOR TERMINAL, RY.— Projected: Aransas Pass, Tex., to Mustang Island, 10
miles. Completed, June 30, 1897: Aransas Pass, Tex., to Corpus Christ! Channel, 3.2 miles. Gauge, 4 ft. 8^ in.
Rail (steel), 65 Ibs. Chartered July 13, Ifc92. A drawbridge is to be built at once across the Corpus Christi Chan-
nel, and the road continued to deep water on Harbor and Mustang Islands. The company has 200 acres of land
on Harbor and Mustang Islands, and 85 acres of land in the city of Aransas Pass, Tex., for terminal facilities, and
other valuable franchises.

Financial Statement, June 30, 1897.— Capital stock (anth., $250,000; shares, $100), $10,000; funded debt
(mtsre. 6 p. c. 25-yr. $1,000 coup, gold bonds, dated March 23, 1898, interest April 1 and Oct. 1, auth., $250,000),
$24,000-total stock and bonds, $34,000. Contra: Cost of road, etc., to date, $82,000. Estimated cost of com-
pleted road, $250,000. Trustee of bonds : Maryland Loan and Trust Co., Baltimore, Md.

Directors.— Alex. Brown, W. B. Brooks, Baltimore, Md.; N. J. Bnrrowes, T. B. Wheeler, D. T. McLaran,
C. H. Sawyer, Aransas Pass, Tex.; Thos. H. Franklin, San Antonio, Tex. OFFICERS : W. B. BROOKS, Pres.,
Baltimore, Md.; C. H. Sawyer, Vice-Pres., Gen. Mgr. & Treas.; T. B. Wheeler, Sec., Aransas Pass, Tex. GEN-
ERAL OFFICE, Aransas Pass, Tex.

ARKANSAS AND CHOCTAW RY.— Projected : Ashdown, Ark., to Atoka, I. T., about 150 miles.
Completed, June 30, 1897: Ashdown to Arden, Ark., 9.13 m.; trackage, K. C. P. & G. RR , Texarkana to Ash-
down, Ark., 20 m.— total operated, 29.13 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered Aug. 31, 1895;
road completed as above during the past year. Construction is now (Jan., 1898) in progress on an extension to
the Territory line, a distance of 13 miles, which it is expected to complete early in ihe sprfng. Locomotives, 2.
Cars— caboose, 2 ; log, 121— total, 123.

Operations, year ending June 30, 1897.— Earnings (freight), $38,477. Operating expenses, $21,522. Net
earnings, $10,954, which has been paid as a dividend since the close of the fiscal year.

Financial Statement, June 30, 18D7.— Capital stock (shares, $100; auth. and subscribed, $1,500,000),
$100,000; current accounts, $17,108; profit and loss, $16,954— total , $134,002. Contra : Cost of road, etc., $104.639;
materials, etc., $750; cash and accounts, $28,673 — total, $134,062.

Directors. -R. H. Keith, John Perfy, Kansas City, Mo.; J. H. Bilheimer, J. E. Williams, T. M. Mehaffy,
Little Rock, Ark. OFFICERS : R. H. KEITH, Pres.; John Perry, Vice-Pres.; E. E. Riley, Sec. & Treas.; J. C.
Sherwood, And., Kansas City, Mo. GENERAL OFFICE, Kansas City, Mo.

ARKANSAS MIDLAND RR.— Helena to Clarendon. Ark., 50 m.; Pine City to Brinkley, Ark. ,24m.
—total, 74 m.; sidings, 3 miles. Gauge, 4 ft. 8i in. Rail— iron, 35 and 40 Ibs.; steel (51.64 m.), 56 Ibs. (For his-
tory of this company see MANUAL for 1895.) The line is to_ be extended south to Indian Bay, about 12 miles.
Locomotives. 7. Cars— passenger, 4; baggage, etc., 2; freight (box, 45; flat, 30), 75; caboose, 2; log, 30— total
cars, 113.

15, 181)7), $12.109; other payments, $3,003-total, $31,504.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,625,000; funded debt (1st mtge. 6

&c. 20-yr. $1,000 coup, gold bunds, due July 1, 1911, interest Jan. and July at the office of Henry Talmadge& Co.,
ew York, N. Y.; auth., $516,000), $176,000; bills and accounts, $5,844; profit and loss. $2,190— total, $1,809.034.
<'oi(tra: Costof road, etc., $1,788,421; material, etc., $4.500; cash, $1,811; bills receivable, $10,391; accounts,
§3,912— total, $1,809,034. The authorized amount of bonds is $516,000, or $6,000 p. m. of road, including the pro-
posed extension to Indian Bay. The proceeds of the $133,000 bonds outstanding were used in the purchase of the

B. H. & I. B. RR. and in lay ing a section of the main line with 56-lb. steel rails. The mtge. provides that the
Indian Bay road must also be laid with 56-lb. steel rails before any bonds can be issued on that line. Trustee:
Central Trust Co., of New York.

Directors (elected Jan. 10, 1898).— John J. Hornor, A. H.Johnson, S. H. Hornor, J.B.Johnson, Leon
Berton, P. C. Ewan, Charles Wooten, M. M. Canuth, S. C. Moore, Helena, Ark. OFFICERS : A H. JOHNSON,
Prei.; John J. Hornor, Vice-Prfe. <fe Gen. Mgr.; E. C. Hornor, Treas.; S. H. Hornor, Sec.; G. T. Updegraf, And.,
Helena, Ark. GENERAL OFFICE, Helena, Ark.

ARKANSAS SOUTHERN 'KB..— Projected : El Dorado, Ark., to Sabine Pass, Tex., 289 miles. Com-
pleted, Jan. 1. 1898 : El Dorado to Junction City, Ark., 17m.; branch, Cornie June, to Parnell, Ark., 12m.— total,
29m.; total track 'steel; 35 and 56 Ibs.), 30 miles. Gauge, 4 ft. 8| in. Chartered in Aug., 1892; road completed
as above in the fall of 1894. Branch line is being constructed west towards Magnolia. Arrangements are being
made to extend main line into Louisiana, through to Sabine Pass, Tex. Locomotives, 3. Cars— passenger,
1; logging, 10; caboose, 1.

Operations, year ending Dec. 31, 1897.— Earnings (passenger, $5,086; freight, $57,495; other, $1,772),
$64.353. Operating expenses, $22,280. Net earnings, $42,073. Deductions : Interest on bonds, $3,000; bonds
paid, $10,000; dividends (5 p. c.), $8,000; improvement in rails, $6,248; bills receivable, $5,111; bills and accounts
paid, $5.701— total, $38,060. Cash on hand, $4,013.

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $100), $160,000; funded debt (5 p. c. mtge.
bonds, dated Aug. 5, 1895, due $10,000 yearly Aug. 5,1898-1900, interest Feb. and Aug.), $30,000; bills payable and
accounts, $4,738; surplus account, $8,485— total, $203.223. Contra: Cost of road, etc., §177,663; real estate, etc.,
§6.038; materials, etc., $997; office fixtures, $451 ; bills receivable, $8,341; current accounts. $5,720; cash on hand,
$4,013— total, $203.223. Of the total bonded debt as above $5,000 was paid off on Feb. 2, 1898. Voting power
attaches to stock after 30 days' ownership. Trustee of bonds: Miss. Valley Trust Co., St. Louis, Mo.

Directors.— C. E. Neeley, St. Loms, Mo.; J. W. Brown, W. W. Brown, W. K. Ramsey, Camden, Ark.; C.

C. Henderson, Junction City, Ark.; J. S. Cargile, R. N. Garrett, Cargile, Ark.; R. W. Hnie, J. B. Moore, Arka-
delphia, Ark. OFFICERS : J. W. BROWN, Pres., Camden, Ark.; C. E. Neeley, Vice-Pres., St. Louis, Mo.; W. K.
Ramsey, TVos., Camden, Ark.; C. C. Henderson, Sec. & Gen. Mgr., Junction City, Ark. GENERAL OFFICE,
Junction City, Ark.

POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

BENTONVILLE RY.— Bentonville to Rogers, Ark., 5.25 miles. Rail, 56 Ibs. Gauge, 4 ft. 8J in. Lo-
comotive, 1. Cars— passenger, 1; baggage, 1— total, 2.

Operations, year ending Dec. 31, 1896.— All information refused; for latest statement, see MANUAL^ for
1896, page 269.

Financial Statement, June 30, 1889 (latest rendered).— Capital stock, $13,600; funded debt, $25,000; ac-
counts, $26,229— total, $64,829. On June 30, 1894, there was reported $40,000 capital stock ; clue on indebtedness
loan, $1,727; due from U. S. mail service, $94; due from Wells-Fargo Express Co., $11; due from other roads,
$25. OFFICERS: N. S. HENRT, Pres. <& Gen. Mgr.; D. H. Woods, Vice-Pres. & Treas.; J. C. Knutt, Sec., Ben-
tonville, Ark. GENERAL OFFICE, Bentonville, Ark.

BLACK AND CACHE RIVER RR.— Sedgwick to Promised Land, Ark., 15 miles. Gauge, 3 ft. C
in. Rail (steel), 35 and 60 Ibs. Chartered and road opened in 1882. Locomotives, 2. Cars — passenger, 1 ; bag-
gage, etc., 1 ; freight (box), 1 ; other, 24— total, 27. Cost of road, etc., $50,000.

Directors.— H. A. Culver, J. E. Culver, Sedgwick, Ark.; E. W. Culver, M. C. Culver, E. W. Cnlver, Jr.,
Kansas City, Mo. OFFICERS : E. W. CULVER, Pres.; H. A. Culver, Gen. Mgr., Sedgwick, Ark.; M. C. Culver,
Vice-Pres. & Treas., E. W. Culver, Jr., Sec., Kansas City, Mo. GENERAL OFFICE, Sedgwick, Ark.

CASSVILLE AND WESTERN RY.— Cassville to Exeter, Mo., 5 miles. Gauge, 4 ft. 8$ in. Char-
tered March 14, 1896 ; road completed as above in July, 1896. Extensions are projected from Cassville to Har-
rison, 62 m., and from Exeter to Neosho, about 40 miles. Locomotives, 2. Cars— passenger, 2; freight, 2 — total, 4.
Capital stock, §50,000.

Directors.— ?Tohn M. Bayless, D. L. Mitchell, M. M. Bayless, Cassville, Mo.; T. H. Miller, Aurora, Mo.;
W. E. Clarke, Topeka, Kan. OFFICERS: JOHN M. BAYLESS, Pres. & Mgr., Cassville, Mo.; W. E. Clark, Vice-
Pres., Topeka, Kan.; D. L. Mitchell, Sec.; W. K. Bayless, Treas., Cassville, Mo. GENERAL OFFICE, Cassville,
Mo.

CHERRY VALLEY RR.— Midland to Cherry Valley Mines, Mo., 6 m.; total track (steel, 3m.; 56
Ibs.), 6.5 miles. Gauge, 4 ft. 8£ in. Chartered July 23, 1877 ; road opened July 6, 1878. It is used entirely for
hauling ore from mines of the Maramec Iron Mining Co., to which company it is auxiliary. Locomotives, 3.
Cars— freight (coal), 4.

Operations, year ending June 30, 1897.— Trains run (freight ),_8,280 miles. Tonsmoved, 24,840 ; ton-miles,
149,040. Earnings (freight), $2,914. Operating expenses, $2,914.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $60,000. Contra : Cost of road, $42,-
916; equipment, $12,196— total, $55,115.

Directors.— E. T. Herndon, Patsy, Mo. ; S. L. Croxton, Canal Dover, O. ; J. L. Cochran, Va. ; B. W. Lewis,
T. T. Lewis, St. Louis, Mo. OFFICERS : E. T. HERNDON, Pres. & Uen. Mgr., Patsy, Mo.; S. L. Croxton, Vice-
Pres., Canal Dover, O.; T. T. Lewis, Sec. & Treas., St. Louis, Mo. GENERAL OFFICE, St. Louis, Mo.

CHESTER, PERRYVILLE, STE. GENEVIEVE AND F ARLINGTON RR.-Cleary-
ville to Perryville, Mo., 19.5 miles. Gange, 4 ft. 8f in. Rail (steel), 45 Ibs. Chartered April 19, 1894 ; road opened
Sept. 15, 1894. Locomotives, 2. Cars— passenger, 2 ; freight, 10— total, 12.

Operations. — All information refused.

Financial Statement, Feb. 1, 1895.— Capital stock (shares, $100) authorized, $300,000 ; subscribed, $32,-
000. Funded debt consists of 1st mtge. construction 5 p. c. 20-yr. bonds, dated July 10, 1894, due Aug. 1, 1914,
interest Feb. and Aug.. in New York, N. Y.; authorized, $300,000 ; issued and outstanding, $190,000. Trustee of
bonds : Leon J. Albert, Cape Girardean. Mo.

Directors.— L. B. Houck, E. S. McCarty, E. F. Blomeyer, Leo Doyle, R. G. Ramsey, Cape Girardeau, Mo.
OFFICERS: L. B. HOUCK, Pres., Cape Girardeau, Mo.; J. Tlapek, Vice-Pres. & Gen. Mgr.; E. F. Blomeyer,
Sec., St. Mary's, Mo. GENERAL OFFICE, Cape Girardeau, Mo.

CHICAGO AND ATCHISON BRIDGE CO.— This company owns and operates a railway and
highway toll bridge, 0.35 mile in length, across the Missouri River at Atchison, Kan., used by the Hannibal and
St. Joseph, Kansas City and Council Bluffs, Missouri Pacific, and Atchison. Topeka and Santa Fe Rys. Gauge,
4 ft. 6 in. Rail (steel), 70 Ibs. Receiver appointed in Sept., 1894, and property sold March 4. 1898, for $500,000, and
purchased on behalf of the reorganization committee.

Operations, year ending June 30, 1897.— Earnings (passenger, $9,669 ; freight, $35,013 ; other, $6,474),
$51,156. Operating expenses, $7,747. Net earnings, $43,409 ; other receipts, $1,290— total, $44,649. Paid taxes,
$10,145. Surplus, $34,554.

Financial Statement, June 30, 1897.— Capital stock (anth., §1,200,000 ; shares, $100), $1,191,600 ; funded
debt, $924,750 ; accounts, $1,448 ; scrip, $23 ; past due coupons, $147,538 ; profit and loss, $264,447— total, $2,529,-

9,200 ; accounts, $8,397 ; cash, $82,209— total, $2,529,-

806. Contra : Cost of property, $2,400,000 ; sinking fund, ,,

806. Funded debt outstanding consists of $782.000 (auth., $1,000,000) 1st mtge, 6 p. c. 30-yr. $1.000 gold coup.
bonds, due Jan. 1, 1915, interest Jan. and July ; and $142,750 (auth., $200,000) 2d mtge. 7 p. c. 20-yr. bonds, due
1895, interest June and Dec. Interest on bonds payable at Cleveland, O., and at office of W. & J. O'Brien, 58
Wall St., New York, N. Y. There were issued $1,000,000 Ists and $200,000 2ds, but by action of sinking fund these
amounts have been reduced at> above. Trustee of bonds : H. B. Payne, Cleveland, O.

Directors.— Dan P. Eells, H. B. Payne, Wm. Chisholm, Wm. Edwards, Cleveland, O.; M. J. Cloyes, B. P.
Waggener, N. D. Todd, Atchison, Kan. OFFICERS : DAN P. EELLS, Pres.; Wm. Chisholm, Vice-Pres., Cleveland,
O.; N. D. Todd, Treas. & Sec., Atchison, Kan.; H. P. Eells, Asst. Sec. & Asst. Treas., Cleveland, O. GENERAL
OFFICE, Atchison, Kan.

• COLORADO EASTERN RR.— Denver to Scranton, Col., 16.6 m.; total track (stee,l; 21 Ibs.) 16.9 miles.
Gauge, 3 ft. Reorganization May 21, 1894, of the Colorado Eastern Ry. Co., whose property was sold under fore-
closure on the same date. The Union Pacific Ry. Co. is litigating this company's right to occupy the terminals
in Denver. (See MANUAL for 1892.) In addition to its railroad, the company's property consists of 3,360 acres of
coal lands held in fee simple, 640 acres leased from the State of Colorado, besides valuable terminals, franchises,
etc., in the city of Denver. Locomotive, 1. Cars— passenger, 1 ; freight (flat, 1 ; coal, 9), 10 — total, 11.

Operations.— .4// information refused.

Financial Statement, April 1, 1898.— Capital stock (shares, $100), $1.000,000 ; bills payable, $65,648—
total, $1,065,648.' Contra: Cost of road, $94,598 ; rolling stock, $5,486 ; real estate and buildings, $883,846 ; mine
equipment and mine improvement, $30,677 ; cash and accounts, $2,080 ; other property and assets, $656 ; profit
and Toss, S3S.305— total, $1,065,648. The capital stock was issued in payment of property of the C. E. Ry. Co.,
and for additional real estate in Denver.

Directors (elected Jan., 1898).— H. T. Rogers, Frank W. Popple, Charles B. Rhodes, Albert E. Reynolds,
L. M. Cuthbert, Denver, Col.; Bernard J. Burke, C. M. Wicker, New York, N. Y. OFFICERS : H. T. ROGERS,
Pres., Denver, Col.; C. M. Wicker, Vice-Pres. & Gen. Mgr., New York, N. Y.; C. B. Rhodes, Sec., Denver, Col.;
C. L. Horton, Treas., New York, N. Y.; Robert McDowell, And., Denver, Col. GENERAL OFFICE, Denver, Col.
Colliery, Scranton, Col. New York Office, 15 Wall St.

COLORADO NORTHWESTERN RY .—Projected : Boulder to Ward, Col., 86.5 m.; branches:
Sunset to Eldora, Col., 1« m.; Eldora to Middle Park., Col., 45 m.— total, 90.5 miles. Completed, Jan. 15, 1898 :
Boulder to Sunset, Col., 15 miles. Gauge, 3 ft. Rail (.steel), 56 Ibs. Chartered July 22, 1897, and purchased the

POOR'S MANUAL OF RAILROADS. 215

right?, privileges, and franchises of the Intel-mountain Ry. Co. Grading is completed on the entire line between
Boulder and Ward, and it is expected that the road will be shortly opened for traffic. Locomotives, 3. Cars-
passenger, 2 ; freight, 80 ; other, 2— total, 84.

Financial Statement, Jan. 15, 1898.— Capital stock (shares, $100), authorized and paid in, $500,000 ;
funded debt (1st mtge. 5 p. c. 50-yr. gold bonds, dated Sept. 1, 1897, interest March arid Sept. in New York City),
$500,000— total stock and bonds, $1,000,000. Cost of road, etc., to date, $500,000. Estimated cost of completed
road, $1,000,000. Trustee of bonds : Mercantile Trust Co., New York, N. Y.

Directors.— Edward C. Thompson, Meadville, Pa.; T. S. Wattemeyer, Omaha, Neb. ; James T. Blair,
Greenville, Pa.; Chas. W. Mackey, New York, N. Y.; M. F. Leech, Boulder, Col. OFFICERS : EDWARD C.
THOMPSON, Pres., Meadville, Pa.; Chas. W. Mackey, Vice-Pres. & Sec., New York, N. Y.; Thos. R. Mann., Treas.;
Jas. T. Blair, Gen. Myr., Boulder, Col. GENERAL OFFICE, Boulder, Col.

COLORADO, WYOMING AND QREAT NORTHERN RR.— Projected : Grand Junction,
Col., to Green Kiver City, Wyo. (about), 300 miles. Completed ; Jan. 1 1897 : Grand Junction to Carpenter, Wyo.,
12 miles. Gauge, 4 ft. 84 in. Rail (steel), 00 Ibs. Locomotives, 2. Cars— passenger, 2 ; baggage, 2 ; freight, 50
—total, 54. Chartered Nov. 9, 1894, and acquired by purchase all the property of the Little Book Cliff Ry. (See
MANUAL for 1895.) The new company was organized to broaden the gauge and extend the line to Green River
City, Wyo., on the line of the Union Pacific Ry.

Operations. — All information refused.

Financial Statement, Jan. 1, 1897.— Capital stock authorized (shares, $100), $3,000,000. Funded debt—
1st mtge. 5 p. c. 30-yr. gold bonds, dated May 1, 1895, interest May and Nov., at Philadelphia, Pa.; authorized and
issued $6,000,000 ; outstanding, $500,000. Trustee: Solicitors' Loan and Trust Co., Philadelphia, Pa. Estimated
cost of completed road, $20.000 per mile.

Directors.— W. T. Carpenter, Jas. F. McFarland, Grand. Junction, Col.-; H. C. Woodworth, H. A. Wood-
worth. E. B. Hendrix, Jno. P. Brockway, Denver, Col.; Wm. Hacker, H. A. Peck, Moritz Lippman, Philadelphia,
Pa. OFFICERS: W. T. CARPENTER, Pres., Grand Junction, Col.; H. C. Woodworth, 1st Vice-Pres., Denver, Col.;
Moritz Lippman, 2d Vice-Pres., Philadelphia, Pa.; W. A. Woodworth, Sec. & Treats., Denver, Col. GENERAL
OFFICE, Grand Junction, Col.

CRYSTAL RY.— Crystal City to Silica, Mo., 3.50 m.; sidings, 1.25 m.— total (3.50 m., steel ; 60 Ibs.), 4.75
miles. Gauge, 4 ft. 8^ in. Chartered Nov 27, 1880. as successor to Crystal City RR. Co.; road opened same day.
Locomo:ive, 1. Cars (combination). 2.

Operations, year ending June 30, 1897. — Trains run mixed), 10,955 miles. Passengers carried. ?',954 ;
carried one mile, 23.862. Tons moved, 13,123 ; ton-miles, 45,931. Earnings (passenger, $1.114 ; freight, $8,612),
$9,725. Operating expenses, §6,193. Net earnings, $3,532. Paid taxes, $648. Surplus, $2,884 ; surplus forward,
$ti77— total. §3.561.

Financial Statement, June 30, 1897.— Capita! stock (shares, $100), $30,000 ; profit and log's, $3,561— total,
$33,561. Contra : Cost of road, etc., $30,000 ; accounts, $3.561— toial, $33,561. The stock and some rolling stock
of this company were transferred to the Crystal Plate Glass Co. in full payment of indebtedness to that com-
pany; this debt, including $75,000 bonds, matured Jan. 1, 1895.

Directors.— Carlos S. Greeley, C. B. Burnham, E. T. Allen, Henry Hitchcock, E. A. Hitckcock, St. Louis,
Mo. OFFICERS : E. A. HITCHCOCK, Pres.; C. B. Burnham. Vice-Pres.; C. W. Barnes, Treas.; E. T. Allen, Sec.,
St. Louis, Mo.; Louis Phillippi, Aud., Crystal City, Mo. GENERAL OFFICE, St. Louis, Mo.

CRYSTAL RIVER RY.— Carbondale to Hot Springs, Col., 12 m.; Thompson Creek to Willow Park,
Col.. 0.4 m.— total (steel ; 45 and 57 Ibs.), 18.4 miles. Gauges, 4 ft. 8£ in. and 3 ft. Chartered Aug. 11, 1892, as
successor to the Aspen and Western RR. Co. (See MANUAL for 1893.) Built in connection with the Colorado
Fuel and Iron Oo.'s operations in Coal Basin. It is intended to extend the main line to Crystal, Col., 34 m. from
Carbondale, and to build a branch from Coal Creek to Coal Basin, 12 miles. Construction temporarily suspended;
road not yet in operation. Receiver appointed Oct. 9, 18C6 : sold under a mechanic's lien of $35,289, but the State
Trust Co., trustee, has filed a bill to foreclose a mtge. on the road and to set aside the sale under the lien.

Financial Statement, June 30, 1897,-Capital stock (anth., $1,000,000; shares, §100), $700.700 ; funded
debt (1st mtge. 5 p. c. 50-} r. $1,000 gold bonds, due Feb. 1, 1943, interest Feb. 1 and Aug. 1, at 18 Broadway, New
York City ; auth., $-2,000,000), outstanding. $200,000 ; bills payable. $262,187 ; current accounts, $62,4&S— total,
81.025.370". Contra: Cost of road, $1.223.330; materials, etc., $300; other assets, $1,740— total, $1,225,370.
Trustee : State Trust Co., New York. N. Y.

Directors (elected Aug. 18, 1897).— J. C. Osgood, J. A. Kebler, John L. Jerome, C. H. Toll, D. Sullivan,
Henry R. Wolcott, A. C. Cass, Denver. Col. OFFICERS : J. C. OSGOOD, Pres.; J. A. KEBLER, Rec., Vice-Pres. <&
Gen. Mgr.; Jt>hn L. Jerome, Sec. & Treas., Denver, Col. GENERAL OFFICE, 701 Boston Building, Denver, Col.

DALLAS TERMINAL RY. AND UNION DEPOT CO.-In city of Dallas, Tex., 5 miles.
Gauge, 4 ft.. 8£ in- Rail (steel;. 60 Ibs. Chartered Dec. 10, 1894 ; road opened as above Jan. 1, 1896. Connects all
lines centring in city of Dallas. It is proposed to build a. line from Dallas to Fort Worth, Tex., 31 miles.

Financial Statement, Jan. 1, 1897.— Capital stock (shares, $100), authorized, $500.000 ; subscribed, $50,-
000; paid in, §38.700. Funded debt outstanding consists of $80,000 (auth., $500.000) 6 p. c. bonds, dated July,
1896, due 1925, interest Jan. and July, at the office of the trustee, St. Louis Trust Co., St. Louis, Mo. Cost of road,
etc., to date, $100,000. Estimated cost of completed road, $650,000.

Directors.— W. C. Connor, Alex. Sanger, J. E. Schnider, J. C. O'Connor, B. G'bbs. E. M. Reardon, Dallas,
Tex. OFFICERS : W. C. CONNOR, Free.; Alex. Sanger, Vice-Pres.; E. M. Reardon, Treas.; W. S. Simkins, Sec.,
Dallas, Tex. GENERAL OFFICE, Dallas, Tex.

DARDANELLE AND RUSSELL VILLE RY.— Dardanelle to Russellville, Ark., 5 miles. Gauge,
4ft. 8iin. Rail (steel, 1.5m.), 35 and 40 Ibs. Chartered Feb., 1883 ; road opened Aug. 15, 1883. Locomotives, 2.
Cars (passenger, 1 ; combination, 1), 2.

Operations. — All in formation refused. For latest statement (1894-95) see MANUAL for 1896.

Financial Statement.— Capital stock (anth., $45.000), paid in, £27,300; funded debt, 1st mtge. 7 p. c. 20-yr.
$500 coup. bond>, due June 1, 1903, interest June and Dec., $12,000 ; 2d mtge. 7 p. c. bonds, dated April 1, 1884,
interest April and Oct., $27,300— total stock and bonds, $66,600. Contra : Cost of road, etc., $43,000 ; real estate,
etc., $2.500— total, $45,500. Interest payable at German Bank, Little Rock, Ark. Trustees of bonds : G. W.
Hughes. C. T. Walker, U. M. Rose, Little Rock, Ark.

Directors.— Jas. K. Perry, Thos. Cox, J. M. Parker, W. B. Lemoyne, M. Kaufman, C. B. Cotton, G. H.
Kimball, Darlanelle, Ark. OFFICERS: J. K. PERRY, Pres., Dardanelle, Ark.; W. B. Lemoyne, Soft.: G. H.
Kimball, Sec. <fc Aud.; W. H. Gee, Treas., Durdanelle, Ark. GENERAL OFFICE, Dardanelle, Ark.

DEKALB AND RED RIVER RR.— DeKalb to Maysville, Tex., 11.47m.; total track, 12.72 miles.
Gauge, 4 ft. 8Hn. Rail (steel, 5m.), 36 Ibs. Locomotive,!. Log cars, 16. Chartered Nov. 27, 1891; road opened
as above in 1895. The rail and equipment are leased from the DeKalb Lumber Co.

Operations, year ending June 30, 1897.— Trains run (freight), 8,000 miles. Tons moved, 15,000. Earnings
(freight), §2,250. Operating expenses, $3,096. Deficit from( perations, $846. Paid taxes, §114. Deficit, $960 ;
surplus forward, $1,457 ; net surplus, $497.

Financial Statement.— Capital stock ($50,000 auth.; $100 shares), $10,000, representing cost, etc.

216 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

Directors.— Benj. Whitaker, J. H. Smelser, .T. C. Whitener, Waverly Whitaker. Texarkana, Tex.; P. S.
Ramseur. C. A. Skinner, DeKalb, Tex.; Wm. Peters, Bonham, Tex. OFFICERS: BENJ. WHITAKEB, Pres.,
Texarkana, Tex.; P. S. Ramseur, Vics-Pres.; C. A. Skinner, Sec. & Treas., DeKalb, Tex. GENERAL OFFICE,
DeKalb, Tex.

DENVER, LAKEWOOD AND GOLDEN RR.— Denver to Golden, Col., 13.1m.; BarnumJunc.
to Barnurn, 3 in.; brunch, Ralston June, to Ralston, 8 m.— total, 24.1 miles. Sidings, 2 miles. Gauge, 4 It. 8^ in.
Rail— iron, 48 Ibs.; steel (16.2 m.), 75 Ibs. Chartered in 1890; road completed in 1892. The line from Barnuni
June, to Barnum, 3 miles, and 1 mile of other trackage, are operated exclusively by electricity and 1 mile of the
steam portion is also operated by electricity, leaving 4 miles of electric trackage, the operations of which are not
given below. Receiver appointed July 31, 1890, on the application of the rntge. trustee. Locomotives, 2. Care-
passenger, 3; baggage, etc., 1; freight (box, 9; coal, 20; caboose, 1), 30— other, 1— total, 35.

Operations, year ending June 30, 189".— Trains run (passenger, 36,048; freight, 6,840). 42,888 miles. Pas
scngers carried, 72,064 ; carried one mile, 648,045. Tons moved, 21,853 ; ton-miles, 225,075. Earnings (passenger.
$16,925 ; freight. $12,323 ; other, $1,085), $30,338. Operating expenses, 825,148. Net earnings, $5, 190.

Financial Statement, June 30, 1897.— Funded debt outstanding, $627,000 ; bills payable, $96,904 ; ac-
counts, $12,458; wages, $3,733— total, $740,095. Contra ; Cost of road, etc., $774,819; real estate, $2,500; materials,
etc., §66 ; cash, $1.843— total, $779,228. funded debt consists of 6 p. c. $1,000 coup, bonds, due 1910, interest
May and Nov., at Denver, Col.— $275,000 issued May, 1890; $185,000 in June, 1893, and $167,000 in Nov., 1894. The
authorized amount of bonds is $460.000 on main line from Denver to Golden, and $20,000 p. m. additional for
branches. They are secured by mtge. to the Farmers' Loan and Trust Co., New York, N. Y., trustee of all the
company's property, including 4 miles of electric track. Practically no coupon interest has ever been paid; about
$1.000 being amount actually paid. Capital stock (shares, $100) authorized, $1.000,000. The entire issue of stock
is divided pro rata among bondholders.

Directors.— C. C. Welch, F. W. Loveland; W. F. R. Mills, John Z. Adams, Caldwell Yeaman, Geo. W.
Middleton, Wm. P. Rouse, Samnel New-house, Geo. C. Moore, Denver, Col. OFFICERS: W. W. BORST, Bee. A-
Supt.; SAMUEL NEWHOUSE, Pres.; C. C. WTelch, Vice-Pres.; B. M. Smith-, Aud., Denver, Col. GENERAL OFFICE.
Denver, Col.

DENVER, LONGMONT AND NOLAND RY.-Noland, Col., to Zoe Park, 16.5m.; Noland to
Shady Side, 20.6 m.— total, 37.1 miles. Gauge, 4 ft. 8^ in. Rail (steel), 65 Ibs. Chartered in April, 1893; roat
completed as above in 1897. Projected to run from Denver, Col., to Salt Lake, Utah, 582.2 miles. Locomotives.
2. Cars— passenger, 2 ; combination, 2 ; baggage, etc., 2 ; freight (box, 4 ; flat, 17), 21— total, 27. No further in-
formation obtainable.

Directors.— E. P. Miller, Thos. W. Lipscomb, J. H. Driukwater, Robert F. Le Mond, G. W. Taylor. W.
H. Davis, Denver, Col.; E. R. Perkins, New York, N. Y. OFFICERS : E. P. MILLER, Pres.; Thos W. Lipscomb,
Tice-Pres.; S. A. Osborn Sec., Denver, Col.; E. R. Perkins, Trias., New York, N. Y. GENERAL OFFICE, Tabor
Opera Block, Denver, Col.

EL PASO NORTHERN RY.— El Paso, Tex., to end of track north, 10.08 m.— total track, 10.48miles.
Gauge, 4 ft. 8i in. Rail (steel, 0.4 m.), 60 Ibs. Built by the Kansas City, El Paso and Mexican Ry. Co., and com-
pleted Dec. 1, 1888. Purchased in 1892 in the interest of the Texas and Pacific Ry. Co. and name changed to ex-
isting title. Company reorganized under laws of State of Texas, without change of title, on Sept. 13, 1894.

Operations, year ending June 30, 1897.— Gross earnings, $347. Operating expenses, $229. Net earnings,
$118.

Financial Statement, June 30, 1897.— Capital stock, $20.000 ; balance, $253— total, $20,253. Contra :
Cost of road, $20.000 ; due Texas and Pacific Ry. Co., $253— total, $20.253.

Directors.— L. S. Thome, E. L. Sargant, Dallas, Tex.; C. E. Satterlee, Geo. J. Gould, Edwin Gould, New
York, N. Y.; B. H. Davis, C. R. Morehead, El Paso, Tex. OFFICERS : L S. THORNE, Pres., Dallas, Tex.; C. R.
Morehead, Vice-Pres.; B. F. Darbyshire, Treas., El Paso, Tex.; H. Fenby, Aud., Dallas, Tex. GENERAL OFFICE,
El Paso, Tex.

EUREKA SPRINGS RY.— Seligman, Mo., to Eureka Springs, Ark., 18.5 m.; sidings, 1.75 miles.
Rail (steel, 18.5m.), 50 and 56 Ibs. Gauge, 4 ft. 8} in. Chartered Feb. 27, 1882 ; opened Feb. 1, 1883. Extension
projected from Eureka Springs to Harrison, Ark., 49.25 miles. This company has a traffic contract with the St.
Louis and San Francisco RR. Co., whereby that company furnishes all freight cars for the transportation of
freight delivered to and received from its line at Seligman, Mo. Locomotives, 2. Cars— passenger, 1 ; combina-
tion, 1 ; freight (flat), 6— total, 8.

Operations, year ending June 30. 1897.— Trains run (passenger, 13,505 ; mixed, 13,505), 27,010 miles.
Passengers carried, 19,228 ; carried one mile, 307,650. Tons moved, 18,603 ; ton-miles, 344,156. Earnings (pas-
senger, $18,2iil ; freight, $34,971 ; other, $6,815), $60,047. Operating expenses, $32.634. Net earnings, $27,413;
Payments: Interest on bonds, $30,000 ; taxes, $1,960— total, $31,960. Deficit, $4,547; surplus forward, $45,796;
net surplus, $35,180.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $500,000; funded debt(lst mtge. 6 p. c.
50-yr. $1,000 gold coup, bonds, due Feb. 1, 1933, interest Feb. and Aug., $500,000; 2d mtge. income bp.c. non-cumt-
lative $500 reg. cy. bonds, due Feb. 1, 1943, interest payable in Feb. if earned, $500,000), $1,000,000 ; accounts,
$1,985 ; profit and loss, $35,180— total. $1,537,164. Contra : Cost of property, $1,500,000 ; materials, etc., $4,996 ;
other property and assets, $1,672; bills receivable, $9,059; accounts, $5,218; cash, $16,219— total, $1,537,164,
Trustee of bonds : Mercantile Trust Co., New York, N. Y., at whose office interest is payable.

Directors (elected March 16, 1897) —Powell Clayton, City of Mexico, Mex.; J. B. Obenshain, F. M".
Richardson, George West, W. S. Roberts, Eureka Springs, Ark.; C. H. Smith, B. F. Yoakum, F. W. Shanrte, S;.
Louis, Mo.; P. K. Roots, Little Rock, Ark. OFFICERS: C. H. SMITH, Pres., St. Louis, Mo.; Powell Clayton,
Vice-Pres., City of Mexico, Mex.; P. K. Roots, Treas., Little Rock, Ark.; George West, Mar., Sec. <fe And.,
Eureka Springs, Ark. GENERAL OFFICE, Eureka Springs, Ark.

FLORENCE AND CRIPPLE CREEK RR.— Florence to Cripple Creek, Col., 40.3 m.; branch
Cyanide Jet. to Vesta. Col., 1.5 m.— total, 41.8 miles. Leased: Golden Circle RE.; Victor to Goldfield, Col.,
1.7m.— total operated. 43. 5 miles. Sidings, 7.68 miles. Gauge, 3 ft. Rail (steel), 45 Ibs. Chartered May 10,
1893; road opened Sept. 1, 1894. Locomotives, 12. Oars— passenger, 11 ; baggage, etc., 2 ; freight (coal, 100 ;
caboose, 41, 104 ; other, 2— total, 119. The coal cars are leased.

Operations, year ending June 30. 1897.— Train? run (passenger. 96.968 ; freight, 92,385 ; other, 64,113), 253,-
466 miles. Passengers carried, 239,469 ; carried one mile, 2,349,369. Tons moved, 208,411 ; ton-miles, 7,039,135.
Earnings (passenger, $125,345 ; freight, $426.058 ; other, $15.955), $567.359. Operating expenses, $263,486. Net
earnings, $303,873; other receipts, $34,043— total, $337,916. Payments : Interest on bonds, $60,000 ; taxes, $£,-
910 ; rentals, $11,025 ; other payments, $39,055— total, 8118,989. Surplus, $218,926 ; surplus forward, $204,106-
total, $423,032.

Financial Statement, June 30, 1897.— Capital stock (shares. $100), $1,000,000; funded debt (1st mtge. 6
p. c. 40-yr. $1,000 coup, bonds due Jan. 1, 1934, interest Jan. and July at the office of the trustee, Mercantile
Trust Co., New York, N. Y. ; auth. at rate of $25.000 p. m.), $1,000,000 ; current accounts, $201,371 ; profit ar.d
loss, $423,032— total, $2,624,403. Contra: Cost of road, etc., $2,000,000; materials, etc., $12,293; current ac-
counts, $519,732 ; cash, $92,378— total, $2,624,403.

POOR'S MANUAL OF RAILROADS. 217

Directors (elected May 20, 1897).— Wm. E. Johnson, Eben Smith, Geo. E. Ross-Lewin, D. H. Mpffat, Syl.
T. Smith. Denver, Col. OFFICERS : STL. T. SMITH. Prts.; Eben Smith, Vice-Pres.; Geo. E. Ross-Lewin. See. <fe
Treas.; W. F.Jones, Aud., Denver, Col.; A. C. Ridgway, Supt.. Florence, Col. GENERAL OFFICE. Denver, Col.

OA.LVESTON AND WESTERN RY.— Galveston to Nottingham, Tex., 13.1 m.; total track (steel;
56 Ibs.), 17.2 miles. Gauges— 7.8m., 3 ft.; 5.3 in., 4 ft. 8$ in. Locomotives, 2. Cars— passenger, 7 ; freight (flat),
25; other, 2— total, 34. Chartered Dec. 9, 1884 ; road built in 1889. On May 21, 1895, a traffic agreement was made
with the Galveston, La Porte and Houston Ry. Co., by the terms of winch the latter company was to operate this
company's line, but up to June 30, 1897, opurations under the agreement had not begun.

Operations, year ending Jane 30, 1897.— This road was not operated during the past fiscal year; for latest
statement of operations see MANUAL for 1897, p. 273.

Financial Statement, June 30, 1897.— Capital stock ($500,000 anth.: $100 shares), §317,000 ; bills pay-
able, 820,592 ; accounts, $1,236— total, $338,828. Contra : Cost cf properly, §285,486 ; lands, $19,055 ; accounts,
etc., §9,874 ; profit and loss, $24,413— total, $338,828. The stockholders have authorized an increase of the capital
stock to $2,000,000, and the issue of 5 p. c. 3J-yr. g°'d bonds to the amount of §20,000 per mile of completed road,
to purchase terminal facilities and w.harves at Galveston, Tex.

Directors. — Walter Gresham, J. E. Wallis, W. L. Moody, Julius Runge, D. B. Henderson, H. A. Landes,
H. M. True hart, Geo. Seeliirson, John Reymershoffer, Galveston, Tex. OFFICERS : D. B. HENDERSON, Pres.; J. E.
Wallis, Vice-Pres.; W. L. Moody, Treas.; Wm. Selkirk, Actg. Sec. & Actg. Aud., Galveston, Tex. GENERAL
OFFICE, Galveston, Tex.

GALVESTON, LA PORTE AND HOUSTON RY.— La Porte June, to Galveston, Tex., 52.60m.;
branch, Strang to La Porte, Tex., 3.0 m.— total, 55.60 miles. Trackage ; T. & N. O. RR., La Porte June., to Hous-
ton, Tex., 3.9 m.— total operated, 59.5 miles. Sidings, etc., 9.28 miles. Gauge, 4 ft. 3^ in. Rail (steel), 60 Ibs.
For history, see MANUAL for 1896, p. 2I3. The Houston Belt and Magnolia Park Ry.. operated until April 4,
1896 (see MANUAL for 1897, p. 210) has been abandoned and dismantled. Receivers appointed on Jan. 7, 1896.
Road ordered sold May 3, 1893, but sale postponed to June 7. 1898. Locomotives, 7. Cars— passenger, 9 ; freight
(box, 126 ; flat, 4 ; coal, 50), 180 ; caboose, 2 ; other, 2 — total, 103. Of the box cars. 75 are leased.

Operations, year ending June 30, 1897.— Trains run (passenger, 132,814 ; freight, 41,775 ; other, 2,313). 176,-
902 miles. Earnings (passenger, $36,607 ; freight, $129,412 ; other, $7,486), $173,504. Operating expenses, $205,-
883. Deficit from operations, §32,379. Charges : Interest on debt, $6,710 ; rentals, $9,438 ; taxes, $321 ; other
deductions, $9— total, $16,477. Deficit, $48,857 ; deficit forward, $18.624— total, $67.481.

Receivers' General Balance Sheet, Jnne 30, 1897.— Receivers' certificates, S244.987 ; bills payable, §44,133;
accounts. $116,910 ; sundries, $8,048— total, $414.079. Contra: Cost of road, etc., $297,892; accounts, $8,259;
other property and assets, $40,447 ; profit ai:d loss, $67,481— total, $414,079.

Financial Statement, June 30, 1895 (latest rendered}.— Capital stock, authorized and paid in, $300,000 ;
equipment trust obligations, §14,211 ; bills payable, $388,908; accounts, $23,255 ; miscellaneous, $158,687— total,
§883,061. Contra: Cost of road, $815.035; equipment, $37,760; cash, $6,237; bills, accounts, etc., §7,251 ; profit
and loss, $18,778 -total, $885,061. There is an authorized issue of §1,000,000 1st mtge. 5 p. c. 30-yr. bonds, due
April 1, 1925, but none issued to Feb. 1, 1897.

Directors.— T. W. Ford, M. T. Jones, T. J. Boyles, Houston, Tex.; Isaac Heffron, Walter Gresham, Gal-
veston, Tex.; J. II. Tennant, Oakwood, Tex. OFFICERS : T. W. HOUSE and M. T. JONES, Receivers ; H. J. Sim-
mons, Supt.; C. W. Nelson, Aud., Houston, Tex. GENERAL OFFICE, Houston, Tex.

GrULF, BEAUMONT AND KANSAS CITY RY.— Beaumont to Kirby ville, Tex., 51. 82m.; branchet,
Silsbee Junction to Silsbee, Tex. ,-3.03 m.; Colliers Ferry June, to Colliers Ferry, Tex., 4 m.; Call Jnnct., to Cull,
Tex., 2.32m.— total, 61. 17 miles. Sidings, etc., 4.89 miles. Gauge, 4 fi. 8^ in. Rail (steel), 56 Ibs. Chartered
March 21, 1893; road completed as above May 1, 1895 (see MANUAL for 1895). Locomotives, 6. Cars — passenger,
2; baggage, etc., 1; freight (.box, 8; log, 200; flat, 30), 238; caboose, 2; other, 1— total, 244. Of this equipment, 3
locomotives, 2 passenger, 1 baggage, etc., 6 box, 50 log, 20 flat, 1 caboose, and 1 other car are held under car trust.

Operations, year ending June 30, 1897.— Trains run (passenger, 5,408; freight, 75,120; mixed, 32.552; other,
178), 113,258 miles. Passengers carried, 12,403. Tons moved, 418,284. Earnings (passenger, $8,834; frright,
$97,876; other, $2,919), $109,629. Operating expenses, §58,863. Net earnings, §50,766; other receipts, $6,423—
total, $57,189. Payments: Interest on bonds, $34,421 ; other interest, $2,957; taxes, $3,950— total, $41,328. Sur-
plus, $15,860; deficit forward, $11.709; net surplus, $4,151.

Financial Statement, June 30, 1897.— Capital stock (shares, §100), $500,000; funded di-bt (1st mtge. 6 p.
c. 20-yr. $500 coup, gold bonds, due Aug., 1913, interest Feb. 1 and Aug. 1; auth., $650,000), $592,000; equipment
trust notes (due monthly and quarterly with interest), $19,463; current accounts, $304,046; accrued interest on
bonds not due, $15,795; accrued taxes not due, $1,955; treasury bonds, $708,000; profit and loss, §4,151— total,
$2,145,410. Contra: Cost of road, §1,317.669; equipment, $101,859; securities owned, §708,010; materials, etc.,
§5,988; cash, $11,884— total, $2,145,410. The Ists are issued at the rate of §10,000 p. m. and are secured by mtge.
on the road and equipment. Ten per cent, of the net earnings deposited annually with the trustee as a sinking
fund for their redemption, which maybe invested by the trustee in these bonds at a price not exceeding 120.
There is also authorized an issue of $650,000 2d mtge. 6 p. c. 20-yr. $500 gold bonds, due Aug. 1, 1913, interest Feb.
and Aug., but none issued to Jan. 1, 1898. Interest on bonds payable at the oflice of the trustee, American Loan
and Trust Co., Boston, Mass.

Directors (elected March 16, 1898).— E. E. Pratt, N. D. Silsbee, Boston, Mass. ; John H. Kirbv, Houston, Tex. ;
Wm. Wiess, W. A. Fletcher, W. C. Averill, W. W. Willson, Beaumont, Tex. OFFICERS: E. E. PRATT, Pres.,
Boston, Mass.; John H. Kirby, Vtce-Pres. & Gen. Mgr., Houston, Tex.; W. C. Averill, Treas.; F. A. Helbig,
Sec. <& Aud., Beaumont, Tex. GENERAL OFFICE, Beaumont, Tex. New York Office, 37 Broad St.

GULF AND INTERSTATE RY. OF TEXAS.— Projected: Galveston to Red River, Tex., 380
m. ; branch, Winnie to Beaumont, Tex., 2:> m.— total, 405 iniles. Completed, June 30, 1897: Port Bolivar to Beau-
mont, Tex., 70.35 miles. Sidings, 360 miles. Gauge, 4 ft. 8^ in. Rail (steel, 73 7 m.), 54 Ibs. Originally chartered
May 19, 1894, as the Gulf and Interstate Ry. Co.; charter amended Sept., 1894, and name changed to existing
title. Road completed as above on March 15, 1896. Locomotives, 2. Cars— passenger, 3; freight (box, 5; flat, 20),
25— total, 28.

Operations, year ending June 30, 1897.- Earnings (passenger, §9,598; freight, §13,759), $23,357. Operating
expenses, $27,186. Deficit from operations, $3,828. Paid taxes, §9/2. Deficit for year, §4.800.

Financial Statement, June 30, 1897.— Capital stock '(auth., §500.000 ; shares, $100), $450,000; funded
debt (1st mtge. 5 p. c. 30-yr. gold bonds, due Dec. 17, 1925, interest June and Dec., at Galveston, Tex., auth.,
$1,029,632), $159,500; bills payable, $81,345; accounts, $101.555; matured interest coupons unpaid, $18,875; fran-
chises, grants and donations, $327,128; sundries, $20,580— total, $1,158,983. Contra : Cost of road, etc., §552,204;
real estate, $112,694; Port Bolivar terminals, $450,000; materials, etc., $46; bills receivable, $2,541; accounts,
$36.097; profit and loss, §4,800— total, $1,158,983. Trustee of bonds: The Improvement and Loan Co. of Galves-
ton, Tex.

Directors.— L. P. Featherstone, Nicholas Weekes, G. B. Miller, E. H. Moore, E. S. Flint, E. McCarthy,
Galveston, Tex.; Fox Winnie, Newton, Kan.; H. S. Spangler, P. J. Johnston, Port Bolivar, Tex. OFFICERS :
NICHOLAS WEEKES, Pres. & Gen. Mgr.; G. B. Miller, Vice-Pres., Galveston Tex.; Fox Winnie, 2d Vice-Pres.,
Newton, Kan.; Ed. McCarthy, Treas.; L. P. Featherstone, Sec., Galveston, Tex. GENERAL OFFICE, Galveston,
Tex.

218

POORS MANUAL OF EAILROADS — SOUTHWESTERN GROUP.

HAMILTON AND KINGSTON RR.— Kingston, Mo., to Tom Creek Mines, 7 ra.; leased, Hamilton
Coal Co. RR.; Tom Creek to Main line Jet., 1.5 m.; H. & S. J. RR., from Main line Jet. to Hamilton, Mo., 0.5
m.— total operated, 9 m. ; total track, 9.35 miles. Gauge, 4 ft. 8£ in. Chartered March 2, 1892, as successor to the
Hamilton and Kingston Ry, Co., whose property-was sold under foreclosure March 2, 1892. (See MANUAL for
1893.) Locomotives, 2. Cars— combination, 1; freight (box, 1; flat, 1), 2— total, 3.

Operations, year ending June 30, 1897.— Earnings (passenger, $1,892; freight, $2,017; other, $581), $4,490.
Operating expenses, $4,780. Deficit from operations, $ 290.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $9,600; contract mtge. (6 p. c.),
$20,000; accounts, etc , $28.767— total, $50,367. Contra: Cost of road, etc., $41,661; cash and current asset*,
$1,968; profit and loss, $6,765— total, $50,393.

Directors.— Frank Clark, D. G. McDonald, Hiram Tilley, J. N. Morton, Hamilton, Mo.; S. C. Rogers, J.
H. Bothoff, C. H. McLanghlin, Kingston, Mo.; E. H. Johnson, Poto, Mo. OFFICERS : FRANK CLARK, Pres. &
Gen. Mffr.; S. C. Rogers, Vice- Pres.; J. H. Bothoff, Treas.; John Marens, Sec., Hamilton, Mo. GENERAL
OFFICE, Kingston, Mo.

HANNIBAL UNION DEPOT CO.— Owns terminals at Hannibal, Mo., 0.90 mile. Gauge, 4 ft. 8Jin.
Incorp. June 13, 1881; depot opened May 14, 1882. The station is used jointly by the C., B. & Q.; the St. L., K.
& N. W.; the H. & St. J.; the Wabash; and the M., K. & T. RRs.; and all deficits, interest on bonds, and retire-
ments are provided for by those companies.

Cash Account, year ending June 30, 1897.— Rentals, $21,719; other receipts, $79; balance from 189fi, $1,948
—total, $23,746. Payments: Approved vouchers, $13,798; interest on bonds, $3,600; bonds retired and cancelled,
$4,000; balance on hand, $2.348— total, $23,746.

Financial Statement, June 30, 1897.— Capital stock, $40,000; funded debt, 1st mtge. 6 p. c. 25-yr. bonds,
dated July 1, 1881, interest Jan. and July, $60,000; bonds retired, $4,000; bonds retired, not cancelled, $1,000;
sinking fund, $2,348; unpaid coupons, $1,895; unpaid vouchers, $1,000— total, $110,243. Contra: Cost of depot,
etc., $101,000; deposited to pay bonds and interest, $6,895; bills receivable, $2,021; in hands of treasurer. $327—
total, $110.243. Interest payable at the National Bank of North America, New York, N. Y. Trustees of bonds:
Elihu Root, Amos L. Hopkins, Amos H. Calef.

Directors.— S. E. Crance, J. H. Sturgis, St. Joseph, Mo.; J. D. Besler, Chicago, 111.; H. L. Magee, A. A.'
Allen, St. Louis, Mo.: W. E. Cunningham, Hannibal, Mo. OFFICERS: S. E. CRANCE, Pres.; J. H. Sturgis, Sec. A
Treas., St. Joseph, Mo.; Charles N. Lee, Supt., Hannibal, Mo. GENERAL OFFICE, Hannibal, Mo.

HEARNE AND BRAZOS VALLEY RR.— Junction I. & G. N. RR. near Hearne to Stone Citj,
Tex., 16.42 m.; trackage, L & G. N. BE., I. & G. N. June, to Hearne, Tex«, 2.40 m.— total, 18.82 m.; sidings, 0.76
mile. Gauge, 4 ft. 84 in. Rail (steel), 40 Ibs. Chartered May 18, 1891 ; road buiit in 1892. Locomotive, 1. Cars-
passenger, 2 ; caboose, 1 — total, 3.

Operations, year ending June 30, 1897.— Trains run (passenger, 6,862 ; freight, 20,586), 27,448 miles. Tons
moved. 12,046. Earnings (passenger, $7,033 ; freight, $27,224 ; other, 8858), $35,114. Operating expenses, $20,625.
Net earnings, $14,489. Payments : Interest on debt, $156 ; taxes, $571 ; dividends (10 p. c.), $5,287— total, $6,015.
Surplus, $8,474 ; surplus forward, $53.608— total, $62,083.

Financial Statement, June 30,1897.— Capital stock (shares, $50 ; anth., $100,000), $52,870 ; bills payable,
$4,243 ; profit and loss, $62,083— total, $119,195. Contra; Cost of road, etc., $116,346 ; materials, etc., $1,662 ; cash
and accounts, fl, 187— total, $119,195.

Directors (elected May 4, 1897).— R. J. White, Jas. H. Astin, Edwin Wilson, S. D. Porter, Mumford, Tex.;
H. B. Easterwood, L. W. Carr, H. K. Davis, R. A. Allen, A. F. Wilson, Hoarse, Tex. OFFICERS : R. J. WHITE,
Pres., Mumford, Tex.; L. W. Carr, Vice-Pres.; W. P. Ferguson, Sec. & Treas.; Wm. Kirlicks, Aud., Hearne,
Tex. GENERAL OFFICE, Hearne, Tex.

HOUCK'S MISSOURI AND ARKANSAS RR.-Commerce to Morley, Mo., 13.12 m.; sidings,
0.25 mile. Gauge, 4 ft. 8| in. Rail (steel), —Ibs. Organized April 19, 1893 ; road opened in July, 1893. Projected
to Cape Girardeau, or adjacent thereto, 30 m. from Morley. Locomotive, 1. Cars— passenger, 2 ; freight, 10.

Operations, year ending June 30, 1896 (latest reported).— Gross earnings, $5,110. Operating expenses,
$4,710. Net earnings, $400.

Financial Statement, June 30, 1896.— Capital stock (shares, $100), $135,000 ; funded debt (1st mtge.
bonds), $120,000— total stock and bonds, $255,000. Contra: Cost of road, etc., $256,881. Trustees of bonds :
Leon J. Albert and Jos. T. Anderson. Interest on bonds payable in New York City.

Directors.— Louis Houck, Robert G. Ranney, L. W. Doyle, E. F. Blomeyer, R. F. Giboney, Cape Girardeau,
Mo. OFFICERS : L. B. HOUCK, Pres., Cape Givardeau, Mo.; J. H. Crowder, Vice-Pres., Commerce, Mo.; E. F.
Blomeyer, Sec. & Treas., Cape Girardeau, Mo. GENERAL OFFICE, Cape Girardeau, Mo.

HUTCHINSON AND SOUTHERN RY.-Hutchinson, Kan., to Black well, Okla. Ter., 130 miles.
Sidings, etc., 15 miles. Gauge, 4 ft. 8f in. Rail (steel), 56 and 00 Ibs. Chartered Dec. 21, 1897, and purchased at
foreclosure sale, Jan. 14,1898. Hutchinson and Southern RR., extending from Hutchinson, Kan., to Wakita,Ok)a.
Ter., 92 miles, and the Gulf RR., from Wakita to Medford, Okla. Ter., 12 m.— a total of 104 miles (see MANUAL
for 1897, p. 211). An extension of the Gulf RR. from Medford to Bladkwell, Okla. Ter., a distance of 26 miles,
was completed March 1, 1898, and purchased by the H. <fe. S. Ry. Co., to whom it was turned over on April 1,
1898. Locomotives (owned, 4; leased, 1), 5. Cars— passenger, 3; combination, 2; freight (box, 10; stock, 10; flat,
3), 23: caboose, 1— total, 29.

Operations. — The operation of the old company (H. & S. RR. Co.) for the year ending June 30, 1897, on an
average of 93 m., resulted as follows : Trains run (passenger, 16,982 ; freight, 72,479 ; other, 3,311), 92,772 miles.
Passengers carried, 16,070: carried one mile, 492,536. Tons moved, 57,614 ; ton-miles, 2,377,402. Earnings (pas-
senger, $14,406 ; freight, $59.325 ; other, $9,439), $83,169. Operating expenses, $91,341. Deficit from operations,
$8,172.

Financial Statement, March 15, 1898.— Capital stock (auth., $20,000 p. m.; shares, $100), $2,580,000;
funded debt (1st mtge. 5 p. c. 30- yr. $1,000 gold coup, with privilege of registration bonds, due Jan. 1, 1928, interest
Jan. 1 and July 1 at the office of the trustee, Old Colony Trust Co., Boston, Mass.; auth., $5,000 p. m.), $645,000—
total stock and bonds, $3,225,000. Contra; Cost of road, $3,225,000; rolling stock, $50,000— total, $3,275,0(0,
The bonds are secured by mtsrc on the entire property of the company.

Directors (elected ,lan. 21, 1898).— L. E. Wiilker, W. M. Whitela.v, J. A. S. Graves, Hutchinson, Kan.: W.
A. Bradford, Jr.. R. N. Allen, Boston. Mass. OFFTCEKS : W. A. BRADFORD, -!R., Prcs.; L. E.Walker, Vice-Pr<>,s.
(f- f.'en. Mf/r., Hutchinson, Kan.; R. N Allen. 40 Water St., Sec. & Treas., Boston, Mass.; L. D. Pollock, Ami.,
Hutchinson, Kan. GENERAL OFFICK, Hutchinson, Kan.

KANSAS CITY AND NORTHERN CONNECTING "RR.- Projected : Kansas City to Pattons-
burg, Mo., 80 miles. CoiHjiteted, March 1, 1898: North Kan^a-< City to Smithville, Mo., 17.3 miles. Sidings,
— miles. Gauge, 4 ft. 8} i.i. Rail (steel), 60 Ibs. Organized in May, 1895, and in Jan., 1897, purchased the line
of the Kansas City and Atlantic Ull. Co. as above, but under what terms has not been made public. The road is
being extended to Pattonsburg, Mo., and when completed to that point will be the connecting link between the
Omaha, Kansas City and Eastern and the Kansas City, Pittsburgh and Gulf RRs.

Financial Statement, March 1, 1898.— Capital stock (snares, $— ), authorized, $3,000,000, being at rate of
$35,000 per m. ; issued, $ , Funded debt— 1st mtge. 5 p. c. gold bonds, due 1927, interest Jan. and Ju y,

V

POOR'S MANUAL OF RAILROADS. 219

•

mth., 830,000 per mile, issued, § ; 2d mtge. income 5 p. c. gold bonds, due 192", interest payable when

;arned in New York, anth., $15,000 per mile.

Directors.— Not reported. OFFICERS : A. E. STILWELL, Pres.; F. A. Hornbeck, 1st Vice-Pres.; J. J.
3airnes, 2d }7tce-Pres.; J. McD. Trimble, M Vice-Pres.; C. A. Braley, Sec. & Treas.; Theo. C. Sherwood, Gen.
tfgr.; C. A. Peabody, Aitd., Kansas City, Mo. GENERAL OFFICE, Kansas City, Mo. '

KANSAS CITY, ARKANSAS AND NEW ORLEANS ~KR.-Projected : Missouri State Line
;o Louisiana State Line, 300 miles. Completed, June 30, 1896 : Stuttgart, north to Worthen June., 7 miles.
Sauge, 4 ft. 8| in. Rail (steel), 60 Ibs. Chartered in Oct., 1891, as successor to the Kansas City, Arkansas and
Sew Orleans Ry. Co. (See MANUAL for 1893.) Grading completed for a distance of 45m. south from Hazen,
Vrk. Locomotive, 1. Cars — passenger. 1 ; combination, 1 ; freight (flat, 4 ; box, 6), 10 — total, 12.

Financial Statement.— Capital stock (auth., $6,000,000; shares, $100) issued, $1,000,000. Funded debt
auth., $20,000 p. m. on completed road, including equipment, $6,000,000) issued and outstanding, $540,000 1st mtge.
i p. c. 40-yr. $1.000 gold coup, or reg. bonds, due Nov. 1, 1931, interest in gold May and Nov., in New York, N. Y.,
>r London, Eng. The terms of the mtge. allow the company to issue bonds up to $12,000 p. m. on graded road-
>ed that is ready for the ties and rails. Trustee of bonds : Farmers' Loan and Trust Co., New York, N. Y.

Directors.— M. H. Johnson, Claudius Jones, Little Rock, Ark.; George D. Foster, Stuttgart, Ark.; John
Sims, Hazen, Ark. OFFICERS : The presidency is vacant ; M. H. Johnson, Vice-Pres. & Treas., Little Rock,
K.rk.: F. L. Small, Sec., St. .Louis, Mo.; George D. Foster, Gen. Mgr., Hazen, Ark. GENERAL OFFICE, Little
Sock. Ark.

KANSAS CITY BELT BY.— Argentine, Kan., to Blue River Valley, Mo., 10m.; total track (steel,
12.97 m.), 39.95 miles. Rail, 60 Ibs. Gauge, 4 ft. 8i in. Consolidation March 13, 1886, of the Kansas City Belt
JR. Co. of Missouri and the Kansas City Belt RR. Co. of Kansas. (Se_e MANUAL for 1891.) The property is
iwned one-half by the Kansas City, Topeka and Western RR. Co. (Atchison); three-tenths by the Kansas City,
?ort Scott and Memphis RR. Co., and two-tenths by the Chicago, Milwaukee and St. Paul Ry. Co. Locomotives,
'. Cars— box, 3 ; other, 17— total, 20.

Operations, year ending June 30, 1897. — Trains run (switching), 158,767 miles. Earnings (switching),
^108,879. Operating expenses, $75,653. Net earnings, $33,226 ; other receipts, $107,571— total, $140,797. Pay-
nents: Interest on bonds, $121,500 ; taxes, $8,364 ; dividends (5 p. c.), $5,000— total, $134,864. Surplus, $5,933;
mrplus forward, $88,024— total, $93,957.

Financial Statement, June 30, 1897.— Capital stock ($2,500,000 auth. ; $100 shares), $100,00o ; funded
lebt, 1st mtge. 6 p. c. 30-yr. $1,000 coup, bonds, dated July 1, 1886, interest Jan. and July ($2,500,000 auth.), $2,-
150.000 ; current accounts, $82,521 ; profit and loss, $93,957— total, $2,326,478. Contra : Cost of road, etc., $2,185,-
198 ; materials, etc., $6,219 ; bills and accounts, $93,774 ; betterments, $32,861 ; cash, $7,726— total, $2,326,478.
Frustee of bonds : New England Trust Co., Boston, Mass.

Directors (elected May 10, 1898).— Edward S. Washburn, Wallace Pratt, Kansas City, Mo.; A. J. Earling,
}has. A. Goodnow, Chicago. 111.; J. J. Frey, E. Wilder, H. U. Mudge, Topeka, Kan. OFFICERS : EDWARD S.
,VA*HBURN, Pres.; J. J. Frey, Vlce-Preg.; E. Wilder, Treas., Topeka, Kan.; S. T. Fulton, Sec.; C. C. Ripley,
4.ud., Kansas City, Mo. GENERAL OFFICE, Kansas City, Mo.

KANSAS CITY, OSCEOLA AND SOUTHERN RY.-Knoche June, to Osceola, Mo., 108.0m.;
rackctge, K. C. Suburban Belt RR., Knoche June, to Kansas City, 4m. —total, 112 miles. Sidings, 15 miles. Gauge,
[ ft. 8.} in. Rail (steel), 50, 52, and 60 Ibs. Incorp. April 22. 1891, as successor to the Kansas City and Southern
JR. Co. (See MANUAL for 1893.) Road owned entirely and exclusively by John I. Blair, Blairstown. N. J. Con-
itruction is now (March, 1898) in progress on an extension from Osceola to Bolivar, Mo., about 40 miles. Loco-
uotives, 10. Cars — passe'nger, 4 ; baggage, etc., 2 ; freight (box, 49 ; stock, 35 ; flat, 5 ; coal, 223), 312; caboose,
1; other, 2— total, 324.

Operations, year ending June 3C, 1897.— Trains run (passenger, 156,164 ; freight, 233,542 ; other, 36,550),
26.250 miles. Passengers carried, 33,978 ; carried one mile, 1,019,340. Tons moved, 78,736 ; ton-miles, 3,228,176.
Earnings (passenger, $29,475; freight, $85,695 ; other, $12,135), $127:305. Operating expenses, $147,527. Deficit
r;>m operations, $20,222. Miscellaneous receipts, $14,585. Net deficit, $5,637. Charges : Interest on bonds, $80,-
100 ; other charges, $26,339— total, $106,333. Deficit, $111,976 ; deficit forward, $560,737— total, $672,712.

Financial Statement, June 30, 1897.— Capital stock (shares, $100). $2,000,000 ; funded debt (1st mtge. 4
). c. 50-yr. $1,000 bonds issued Jan. 1, 1892, interest Jan. and July), $2,000,000 ; current liabilities, $672,712— total.
4,672,712. Contra: Cost of road, etc., $4,048,320; other permanent investments, $171,617; other property and
issetx, $5.631 ; cash, $2,597 ; profit and loss, $444,547— total, $4,672,712. Trustees of bonds : Clarence B. Mitchell
md C. Ledyard Blair.

Directors (elected May 12, 1897).— John I. Blair, Blairstown, N. J. ; De Witt C. Blair, Belvidere, N. J. ; Jas.
V.. Blair, New York, N. Y.; Conrad Miller, Nazareth, Pa.; B. S. Josselyn, Clinton, Mo.; W. T. Johnson, Jas. A.
?rost, Kansas City, Mo. OFFICERS : CONRAD MILLER, Pres., Nazareth, Pa. ; John I. Blair, 1st Vice-Pres., Blairs-
own, N. J.; James A. Blair, %d Vice-Pres. & Treas.; Ledyard C. Blair, Sec., New York, N. Y.; B. S. Josselyn,
9en. Mgr., Clinton, Mo. GENERAL OFFICE, Kansas City, Mo.

KANSAS CITY SUBURBAN BELT RR.— Brush Creek, Mo., to State Line, 13.45 m.; spurs, 4.54
n.— total, 17.99 m. : operated: Union Terminal Ry. (, see below), 7.22 m.; Kansas City and Independence Air Line
see below), 6.74 m.— total, 31.95 miles. 2d track, 8.30 m.; sidings, 20.52 miles. Gauge, 4 ft. 8| in. Rail (steel).
•0 to 85 Ibs. Chartered Jan. 8, 1887; road completed in 1892. Consolidated, July 25, 1892, with the Consolidated
[terminal Ry. Co. (See MANUAL for 1893.) The entire capital stocks of the Kansas City and Independence Air
Jine ami the Union Terminal RU. Co. are owned by this company and the interest on their bonded debt, guaran-
eed. The business of the company is to supply switching and terminal facilities to railroads entering Kansas
3ity. At present the property is used by the Kansas City and Independence Air Line, the Kansas City, Osceola
md Southern, the Kansas City, Pittsburg and Gulf and the Chicago Great Western and the Kansas City and
Northern Connecting RR. Cos. Locomotives, 13. Cars— passenger, 16; freight (box, 2; flat, 6; coal, 30), 38;
iump, 4 -total, 58.

Operations, year ending June 30, 1897.— Earnings (passenger, $42,680; freight, $9,972; switching, $159,-
122; rentals, S124.994; other, $1,185), $338.052. Operating expenses,' $204,149. Net earnings, $133,903; other
•eceiplB, $9.998— total, $143,901. Payments: Interest on bonds, $180,000; other interest, $24,781; rentals, $15,000;
axes, £13,777— total. $2a3,558. Deficit for year, $89,657.

Front and Loss Account, year ending June 30, 1897.— Deficit for year, as above, $89,657; bad accounts written
>ff, $40,003; cost of road reduced, $228,000; cost of road reduced by cutting down from par to $1 per share, stocks
;f companies owned and operated by this company, $538,164; balance June 30, 1897, $80,821— total, $976,645.
Uontra: Surplus, June 30, 18146, $211,271; interest charged to interest account prior to June 30, 1896, on 2d mtge.
Jas. City and Independence Air Line bonds owned by the K. C. Suburban Belt RR ; this interest not paid on

>roflt on stocks and bonds during the year, $270: receipts from various sources, $869,900— total, $976,645.
Financial Statement, June 30, 1897.— Capital stock ^shares, $100), $4,750,000; funded debt (see p.

220 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

/

$3,600,000; bills payable, $36,659; current accounts, $62,371; Union Terminal RR. construction fund, $11,050:
accrued interest, $53,958; profit and loss, $80,821— total, $8,584,860. Contra: Cost of road, $8.295,459; securities
owned, $149,500; material.*, etc., $4,660; accounts, $89,622; cash, $45,610— total, $8,584,860. Funded debt, con-
sisted, June 30, 1897, of $1,000,000 K. C. & S. B. RR. 1st mtge. 6 p. c. 30-yr. bonds, due June 1, 1920, intercut June
and Dec., $750,000; Consol. Terminal Ry. 1st mtge. 5 p. c. 30-yr. bonds, due Feb. 1, 1922, interest Feb. and Aug.,
$1,550,000; Union Terminal Ry. 1st mtge. 5 p. c. 30-yr. bonds, due Feb. 1, 1923, interest, Feb. & Aug. (auth.,
$2,000,000) and $300,000 Kas. City and Indep. Air Line 1st mtge. 5 p. c. 30-yr. bonds, due March 1, 1922, interest
March and Sept. All bonds are for $1,000 each, in coupon form, with privilege of registration. Interest on th(
several issues of bonds payable at office of Union Trust Co., Philadelphia, Pa. Trustees of bonds: Missouri
Kansas and Texas Trust Co., Kansas City, Mo., and the Provident Life and Trust Co., Philadelphia, P.a.

RAILROADS OWNED AND OPERATED BY THE KANSAS CITY SUBURBAN BELT RR. Co.

KANSAS CITY AND INDEPENDENCE AIR
LINE. — Air Line June, to Independence, Mo., 5.58m.;
spurs, 1.16 m.— total, 6.74 miles. Gauge, 4 ft. 8J In.
Kail (steel), 65 Ibs. Chartered Jan. 23, 1891; road
opened March 1, 1892. Entire capital stock owned
by the Kansas City Suburban Belt RR. Co., which
guarantees Interest on the bonds of this company.
Financial Statement. — Capital stock (shares, $100),
$500,000; funded debt (described In statement of K.
C. S. B. RR. Co.), $300,000— total stock and bonds,
$800,000. A. E. Stllwell, Pres.; E. L. Martin, 1st
Vlce-Pres.; J. McD. Trimble, 2d Vlce-Pres.; Arthur
C. Robinson, Sec., Kansas City, Mo.; Wm. S. Taylor,
Treas., Philadelphia, Pa. General Office, Kansas
City, Mo.

UNION TERMINAL RY.— Missouri State Line
to Argentine, Kan., 5.18 in.; spurs, 2.04 in.; tola
track (steel; 60 to 85 Ibs.), 10.27 miles. Gauge, 4 ft
8i In. Chartered Dec. 30, 1891; road opened Mnrel
26, 1895. Entire capital stock owned by the K. C
S. B. RR. Co., which guarantees interest on th«
bonds of this company. Financial Statement, Jun<
30, 1897.— Capital stock, $2,000,000; funded dobl
(described in statement of the K. C. S. B. RR. Co.)
$1,550,000— total, representing cost, etc., $3.550,000
Charles A. Braley, Pres.; J. T. Nolthenlus, 1st Vice
Pres., Kansas City, Mo.; F. A. Hornbeck, 2d Vice
Pres.; A. L. Howe, Treas. & Sec.; O. L. Miller
Asst. Sec., Kansas City, Kan, General Office, Kun
sas City, Kan.

Directors, K. C. S. B. RR. Co. (elected July 6, 1897).— E. L. Martin, A. E. Stilwell, C. A. Braley, J. MtD
Trimble, J. T. Nolthenius. J. H. Pickering, A. F. Nathan, Kansas City, Mo.; W. S. Taylor, E. T. Stotesbury
Philadelphia, Pa. OFFICERS : E. L. MARTIN, Pres.; A. E. Stilwell and C. A. Bral<-y, Vice-Presidents ; J. T. :xdl
thenius, Treat. <& Asst. Sec., Kansas City, Mo.; W.S.Taylor, Sec., Philadelphia, Pa. ; Neal S. Doran, And.
Kansas City, Mo. GENERAL OFFICE, Kansas City, Mo.

KANSAS MIDLAND BY.— Wichita to Ellsworth, Kan., 106.77 miles. Sidings, 8.28 miles. Rai
(steel, 106.77 m.), 56 Ibs. Chartered Feb. 8, 1886 ; charter amended Feb. 8, 1887 ; road opened in 1887. Leasec
for 97 years from Jan. 30, 1888, to the St. Louis and San Francisco Ry. Co. at a rental guaranteed to equal bom
interest. The lease was not assumed by the reorganized St. L. <fc S. F. RR. Co., but the road was operated bi
that company for account of the K. M. Ry. for the month of July, 1896, and for account of the receiver frori
Aug. 1, 18% to June 30, 1897. Suit was brought for the foreclosure of the mtge. in August, 1896, and a separat*
receiver was appointed. Decree of foreclosure was entered March 9, 1898. Locomotives, 11. Cars— passenger, 1
baggage, etc., 1 ; freight (box), 44 ; other, 47— total, 93.

Operations, year ending June 30, 1897.— Trains run (passenger, 58,417; freight, 43,106; mixed, 53,738
other, 9,219), 164,480 miles. Passengers carried, 22,846 ; carried one mile, 637.712. Tons moved, 121,828 ; ton
miles, 5,146,214. Earnings (passenger, $16,499; freight, $92,833; other, $14.799), $124,132. Operating expenses
$99,637. Net earnings, $24,495 ; other receipts, $1,163— total, §25,658. Payments : Taxes, $19,511 ; other pay
ments, $120— total, $19,631. Surplus, $6,027.

Financial Statement, June 30, 1897.— Capital stock (anth., $5,000,000 ; shares, $100), $3,004,200 ; fundee
debt (1st mtge. 4 p. c. 50-yr. gold sinking fund $1,000 coup, or rog. bonds, due June 1, 1937, interest June and Dec.
$1,608,000; income 6 p. c. bonds, $1,072,000), $2,680,000; profit and loss, $6,027— total, $5,690,227. Contra,
Cost of road, etc., $5,684,200 ; cash and current assets, $6,027— total, $5,690,227. Trustees of bonds : 1st. mtge.
Mercantile Trust Co., New York, N. Y.; income mtge., Farmers' Loan and Trust Co., New York, N. Y.

Directors.— G. A. Wurdeman, I. A. McGirk, W. R. Smythe, F. H. Bacon, St. Louis, Mo.; C. V. Ferguson
R. E. Torrington, Wichita, Kan.; W. J. Kevins, Winfield, Kan. OFFICERS : A. L. WOLFF, Rec., Wichita, Kan.
E. Wilder, Sec. <fe Treas., Topeka, Kan.; W. P. Homan, Gen. Myr.; C. L. Fontaine, And., Wichita, Kan. GEN
ERAL OFFICE, Wichita, Kan.

KIL.DARE AND LINDEN BY.— Kildare to Linden, Tex., 13.3 m.; total track (9 m. steel), 15.-
miles. Gauge, 3 ft. Locomotive,!. Cars— passenger, 1 ; baggage, etc., 1; freight (box, 1 ; flat, 21), 22— total. 24
Road opened Feb. 1, 1889. Not incorporated.

Financial Statement.— Capital stock, representing cost, $100,000.

Directors.— J. H. Bemis, C. F. Bemis, W. N. Bemis, W. B. Ward, Jefferson, Tex. ; R. M. Gallaway, Kil
dare, Tex.; H. C. Hynson, Texarkana, Tex. OFFICERS : J. H. BEMIS, Pres.; C. F. Bemis, Sec. & Treas., Jeller
son, Tex. GENERAL OFFICE, Jefferson, Tex.

LEAVENWOBTH TEBMINAL BY. AND BBIDO-E.— Stillings, Mo., to Leavenvvorth, Kan.
1.75 miles.' Gauge, 4 ft. 8£ in. Rail (steel), 65 Ibs. Incorp. Feb. 16, 1892 ; bridge, Jan. 1, 1894. This company
leased the right to use its tracks, depot, facilities, etc., to the Kansas City, St. Joseph and Council Bluffs RR. ant
the Chicago, Rock Island and Pacific Ry. Cos. for 30 years from Jan. 2, 1894, at an annual rental of $18.000 f ran
each company, which sum was reduced to $16.000 per annum, beginning Sept. 1, 1895. Also leased similar ri;;hti
to the Chicago Gt. Western Ry. for 30 years from Sept. 1, 1895, at an annual rental of $12,800 for the first year am
$14,300 per annum afterwards. The leases are not exclusive. Operated jointly by the lessor companies.

Financial Statement, June 30, 18J7.— Capital stock ($100 shares), $600,000 ; funded debt (1st mtge. 5 p
c. 30-yr, $1,000 gold coup, bonds, due Jan. 1, 1923, interest Jan. and July at the office of the trustee, Centra
Trust Co., New York, N. Y.), $600,000 ; current liabilities, $33,786— total, $1,233,786. Contra : Cost of road, $1,
200,000 ; cash and current assets, $21,606 ; profit and loss, $12,180— total, $1,233.786.

Directors (elected Jan., 1898).— E. W. Snyder, J. M. Laing, Jno. Kelley, J. W. Crancer, Jno. Wilson, W
N. Todd, Vinton Stillings, C. W. Snyder, W. B. Nickels, Leavenworth, Kan. OFFICERS : E. W. SNYDER, Pres.,
C. W. Snyder, Vice-Pres.; W. B. Nickels, Treas.; Vinton Stillings, Sec., Leavenworth, Kan. GENERAL OFFICE
Leavenworth. Kan.

LEAVENWOBTH, TOPEKA AND SOTTTHWESTEBN BY.-Leavenworth to Mendel
June., Kan., 46.57 m.; trackage : A., T. & S. F. Ry., Meriden to Topeka, Kan., 11.20 m.— total operated, 57.71
miles. Sidings, 3.54 miles. Gauge, 4 ft. 8i in. Rail (steel, 126 m.), 52 Ibs. Chartered June 13, 1879 ; construe
tion completed Oct. 23, 1882 : road opened Nov. 1, 1882. Operated by the Union Pacific Ry. Co. until March 16
1894, when it was abandoned by that company. Receiver appointed April 20, 1894, but did not begin to opcrat*
the road until May 23, 1894. The Union Pacific and the Atchison, Topeka and Santa Fe Ry. Cos. are equal)/ in;
terested in the capital stock of this company, eacli owning $550,900. The bonds are held by the public. In April
1894, a bill of foreclosure was filed. Interest in default since Jan., 1894. Cars— combination, 2 ; freight (box, 1 ;
flat, 16 ; coal, 10), 27— total, 29.

Operations, year ending June 30, 1897,— Trains run (mixed, 36,280 ; other, 31,400), 67,680 miles. Earning!

POOR'S MANUAL OF RAILROADS. 221

Net earnings, $1,-

(passenger, $8,192 ; freight, $16,117 ; other, $17,743), $42,053. Operating expenses, §40,909.
144. Payments: Interest on debt, $1,382; taxes, $3,157— total, $4,539. Deficit, $3,395.

Financial Statement, Dec. 31, 18i>3 (latest rendered). — Capital stock, $1,380,030 ; funded debt gen. mtge.
1 p. c. 30-yr. bonds, due July 1, 1J12, interest Jan. and July, $1,380,000 ; accounts payable, $1,046,350— total, $3,-
306,350. Contra : Cost of road and fixtures, §2,775,820 ; accounts receivable, $2,617 ; investments, $125 ; income
iccounts, $1,027.788— total, §3.806,350. Bonds are guaranteed, principal and interest, by the A., T. & 8. V. and U.
P. Cos., each one-half of the total amount issued. Trustees : American Loan and Trust Co., Boston, Mass.

Directors.— J. O. Brinkerhoff, Kansas City, Mo.; S. H. H. Clark, Omaha, Neb.; Alex. Caldwell, Leaven-
worth, Kan.; H. P. Dillon, A. Fassler, A. S. Johnson, N. H. Loomis, A. L. Williams, Topeka, Kan.; 8. L. Tliorn-
iike, Boston, Mass. OFFICERS : C. T. MCL,ELI.AN, Rec.; Edward Wilder, Treas. for Bee.; C. J. Webb, And. for
Rec., Topeka, Kan. GENERAL OFFICE, Topeka, Kan.

LITTLE BOCK, HOT SPBINQS AND TEXAS BY ', -Projected : Little Rock, Ark., to Wister,
[. T., 155 m. ; sundry branches, 160 m.— total projected, 315 miles. Completed, June 30, 1897, Benton, Ark., to the
Saline River, 4 miles. Gauge, 4 ft. 8| in. Rail (.steel), 60 Ibs. Chartered Dec. 9, 1893 ; road completed as above
in Feb., 1895. Grading is completed for a distance of 31 m., from Benton to Hot Springs, Ark., and surveys are
Bnished from Little Rock to the territory line. Receiver appointed on Feb. 24, 1896; sale of property ordered
tor Julv, 1898. Cars, 5. Capital stock (auth., $7,000,000), subscribed, $1,490,000. Cost of road to date, §500,000.

Directors.— D. C. Rugg, Wm. J. Little, Geo. G. Latta, John J. Sumpter, R. L. Williams, Alf. Whittington,
Ed. Hodgboom, Clias. N. Rix, John G. Lonsdale, Hot Springs, Ark. OFFICERS : JOHN G. LONSDALE, Receiver;
D. ('. RI'GO, J'res.; W. J. Little, Vice-Prff., Hot Springs, Ark. GENERAL OFFICE, Hot Springs, Ark.

MANHATTAN, ALMA AND BTJBLINO-AME BY.-Manhattan, Kan., to Burlingame, Kan.,
56.62 m. ; sidings, etc., 3.45 miles. Gauge, 4 ft. Hi in. Rail (steel, 7.32 m.), 52 and 56 Ibs. Chartered Sept. 3, 1872;
road opened Aug. 1, 1880. The Atchison Co. owns $830,900 of the $1,000,000 stock of this company, and als» its
|6T8,000 1st mtge. 6 p. c. bonds. On Jan. 19, 1895, H. P. Dillon was appointed receiver, and took possession Feb.
1, 1895. Decree of foreclosure was entered Dec. 21, 1897, and the property was sold on April 18, 1898, to A.
Sherwood of St. Louis, Mo., said to represent the "Atchison." Locomotives, 2. Cars— passenger, 2; baggage,
etc., 1— total, 3.

Operations, year ending June 30, 1897.— Trains run (passenger, 504 ; freight, 10,815 ; mixed, 35,168 ; other,
174), -16.061 mil s. Passengers carried, 14,076 ; carried one mile, 292,301. Tons moved, 49,167 ; ton-miles, 1,396.-
611. Earnings (passenger, $8,025 ; freight, §26,281 ; other, $4,022), $38,328. Operating expenses, $54,338. Defi-
cit from operations, $16,010. Miscellaneous receipts, $23. Net deficit, $15,987. Payments : Taxes, $9,258 ; other
payments, $1,491— total, $10,749. Deficit, §26,736 ; deficit forward, $241,022— total, $267,758.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $1,000,000 ; funded debt (1st 6 p. c.80-
yr. $1,000 gold coup, bonds, due July 1, 1910, interest Jan. and July), $678,000 ; bills payable, $232,989 ; current
accounts, $32.063 ; accrued taxes, $4,837— total, $1,947,890. Contra: Cost of road, $1,649,941; equipment, $28,059;
accounts, $2,132; profit and loss, $267,758— total, $1,947,890. Trustees of bonds: S. Lothrop Thorndike and O.
W. Mink, Boston, Mass.

Directors (elected Oct. 29, 1896).— A. F. Walker, J. F. Dillon, E. Ellery Anderson, New York, N. Y.; Ed-
ward P. Ripley, C. M. Higginson, Chicago, 111.; Oliver W. Mink, Boston, Mass.; S. H.H. Clark, Omaha, Neb.; J.
O. Briukerhoff, Kansas City, Mo.; J. J. Frey, C. K. Holliday, Jr., Clifford Histed, A. L. Williams, H. P. Dillon,
Topeka, Kan. OFFICERS : H. P. DILLON, Rec.; E. Wilder, Treas.; I. S. Lauck, Aud., Topeka, Kan. GENERAL
OFFICE, Topeka, Kan.

MANITOU AND PIKE'S PEAK BY.— Manitou to summit of Pike's Peak, Col. 8.9 in.; total track
(steel ; 40 Ibs.), 9.4 miles. Gauge, 4 ft. SJ in. Chartered Nov. 17, 18fc'8 ; road opened June 30, 1891. Op rated
from April to Nov. annually. Locomotives, 4. Cars — passenger, 6 ; freight (flat), 2 — total, 8.

Operations, year ending June 30. 1897. — All information refused.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock (shares, $100), $500,000 : funded
debt (1st mtge. 5 p. c. $1.000 coup, bonds dated Oct. 1, 1891, due Oct. 1, 1909, interest April 1 and Oct. 1, at the office
of R. P. Flower & Co., New York, N. Y.), $500,000— total, $1,000,000. Trustee of bonds : Metropolitan Trust Co.,
New York, N. Y.

Directors.— J. B. Glasser, H. S. Cable, Manitou, Col.; Z. G. Simmons, Kenosha, Wis.; R. R. Cable, Chi-
cago, 111.; E. T. Jeffery, Denver, Col. OFFICERS : H. S. CABLE, Pres., Manitou, Col.; Z. G. Simmons, Vice-Pres.
<t Treas., Kenosha, Wis. ; J. li. Glasser, Kec.; C. W. Sells, Mgr., Manitou, Col. GENERAL OFFICE, Mauitou, Col.

MABSHALL TIMPSON AND SABINE PASS KY.- Projected : Timpson to Carthage, Tex.,
20 miles. Completed, June 30. 1897 : Timpson, Tex., to Russellville, Tex., 8 miles. Gauge, 4 ft. 8j in. Rail (steel),
45 Ibs. Chartered in Aug., 1896 ; road opened as above during 1896. The companV expects to have the extension
to Carthage, Tex., completed by Sept., 1898. It is the intention to extend the line to Marshall, Tex., and then
to build south from Timpson to Port Arthur and to Sabine Pass. Locomotive, 1. Car — passenger, 1 ; freight
(flat), 2— total, 3.

Financial Statement, Jan. 1, 1897.— Capital stock auth. and paid up, $20,000 ; other liabilities, $2,000—
total. 822.000. Cost of road, etc., to date, $44,000. Estimated cost of completed road to Carthage, §150.000.

Directors.— L. F. Limbert, Greenville, O.; T. S. Garrison, C. E. Sanford, J. T. Garrison, W. T. Avery,
Timpson, Tex. ; Sol Burkett, E. E. Russell, Kokomo, Ind. OFFICERS : L. F. LIMBERT, Pres., Greenville, O.;
T. S. Garrison, Vice-Pres.; C. E. Sanford, Sec. & Treas., Timpson, Tex. GENERAL OFFICE, Timp-on, Tex.

MISSISSIPPI BIVEB AND BONNE TEBBE BY.-Riverside to Doe Run, Mo., 47.47 m.-
total track, 56.49 miles. Gauge, 4 ft. 8^ in. Rail (steel, 47.47 m.), 56 Ibs. Chartered June, 1888 ; road opened March
10, 1890. (See MANUAL for 1894.) Locomotives, 8. Cars— passenger, 3 ; baggage, etc., 1 ; freight (box, 20; flat, 2 ;
coal, 35), 57 ; caboose, 3 ; other, 173— total, 237.

Operations, year ending June 30, 1897.— Trains run (passenger, 72,764 ; freight, 70,025 ; other. 78,117),
220,906 miles. Passengers carried, 52,702 ; carried one mile, 594,645. Tons moved, 475,203 ; ton-miles, 11.692,656.
Earnings (passenger, $23,161 ; freight, $216,463 ; other, $6,887), $246,542. Operating expenses, $153,605. Net earn-
ings, $92,907 ; other receipts. $19,38S— total, §112,295. Payments : Interest on bonds, $30,000 ; other interest, $30 ;
other payments, $3.497— total, $23,527. Surplus, $78,769 ; surplus forward, $3,091— total (§81,860, less deductions
for year, $62), $81,798.

Financial Statement, June 30, '1897.— Capital stock (shares, $100), $600,000 ; funded debt (1st mtge.
6 p. c. 5-yr. bonds, due Nov. 1, 1898, interest May and Nov. at Bonne Terre, Mo.), $500,000 ; bills payable, $20,446 ;

herpr_ ,__.__, ,„__,__,

Directors.— f. Wyman Jones, C.' B ~ Parsons' Gust. Sctz, F. P. Graves, Robert Sellors, Bonne Terre, Mo.
OFFICERS: J. WTMAN JONES, Pres.; C. B. Parsons, Vtce-Pres.; Gust. Sets, Treas.; F. P. Graves, Sec.; F. J.
Tfiomure, Aud., Bonne Terre, Mo. GENERAL OFFICE, Bonne Terre, Mo.

MISSOTTBI SOTJTHEBN BB.— Lecper to Ellington, Mo., 29.15 m.; branch, Cottonville to Lone Star,
Mo., a.41 in. -total, 31.56 m.; sidings, 1.54 miles. Gauge, 3 ft. Rail (steel), 40 Ibs. Successor in 1887 to the Mill
Spring, Current River and Barnsville RR. Co. (See MANUAL for 1894.) The extension from Bowers to Elling-

222 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

ton, Mo., a distance of 7.29 miles, was opened for traffic on Dec. 1, 1896. Locomotives, 4. Cars— passenger, 2 ;
freight (box, 2 ; stock, 2; flat, 3), 7; caboose, 2 ; logging, 71— total, 82.

Operations, year ending June 30, 1897.— Trains run (mixed), 26,730 miles. Passengers carried, 1,352; car
ried one mile, 27,040. Tons moved, 31,446; ton-miles, 628,920. Earnings (passenger, $812; freight, $16,303),
$17,114. Operatins; expenses, $25,975. Deficit from operations, $8,861. Payments: Interest on debt, $4,650:
taxes, $618— total, $31,243. Deficit, $14,129; surplus forward, $32,156; net surplus, $18,028.

Financial Statement, June 30, 1897.— Capital stock (shares. $100), $80,000; accounts, $113,747; profil
and loss, $18,028— total, $211, 774. Contra : Cost of road, etc., $209,632; materials, etc., $2,143— total, $211,774.

Directors (elected March, 1898).— P. E. Wilson, Leeper, Mo.; Joseph Durfee, John H. Douglass, John H
Douglass, Jr., St. Louis, Mo.; L. S. Tainter, Menominee, Wis. OFFICERS: JOHN H. DOUGLASS, Pres. & Treas.
St. Louis, Mo.; Peter E. Wilson, Vice-Pres. & Gen. Mgr., Leeper, Mo.; Joseph Durfee, Sec., St. Louis, Mo
GENERAL OFFICE, Leeper, Mo.

PABAGOULD SOUTHEASTERN BY.— Paragould, Ark., to Cardwell, Mo., 11.29 m.; trackage
St. L. S. W. Ry., Paras?ould June, to Union Depot, 0.75 m.— total, June 30, 1897, 12.04 m.; total track ownei
(steel; 35 Ibs.), 11.80 miles. Gauge, 4 ft. 8£ in. Chartered Aug. 9, 1893, and succeeded to the property of tin
Paragould and Buffalo Island RR. Co. (See MANUAL for 1897.) An extension from Cardwell to Hornersville, Mo
a distance of 10.5 miles, was completed and opened for traffic Oct. 25, 1897. Equipment June 30, 1897 : LoC'>
motive, 1. Cars— passenger, 1; freight (box, 2; flat, 1), 3; caboose, 1 — total, 5. Added since, 1 locomotive and 1
passenger car.

Operations, year ending June 30, 1897.— Earnings (passenger, $3,906; freight, $12,794; other, $1,127)
$17,827'. Operating expenses, $10,486. Net earnings, $7,341. Payments: Interest on bonds, $3,000; taxes, etc.
$223— total, $3,223. Surplus, $4,118.

Financial Statement.— Capital stock (shares, $100) authorized and paid in, $50,000; funded debt (6 p. c
$1,000 coup, bonds, issued $25,000 July 1, 1893, and $25,000 Jan, 1, 1895, due July 1, 1913, interest Jan. and July)
$50,000; accounts, etc., $6,047; profit and loss, $4,999— total, $111,046. Contra; Cost of road, etc., $110,415
materials, etc., $163; cash and accounts, $468— total, $111,046. Trustee of bonds: St. Louis Trust Co., St. Louis
Mo., where interest is payable. To provide the means for construction of the extension from Cardwell t<
Hornersville the company issued $50,000 additional 6 p. c. bonds payable same as old bonds.

Directors (elected Nov. 1, 1897).— S. W. Fordyce, St. Louis, Mo.; A. Bertig, W. C. Hasty, Hugh Sullivan
Paragould, Ark.; F. S. Rawlins, Jonesboro, Ark. OFFICERS: W. C. HASTY, Pres. & Gen. Mgr., Paragould, Ark.
S. W^ Fordyce, 1st Vice-Pres., St. Louis, Mo.; A. Bertig, 2d Vice-Pres.; J. F. Cardwell, Treas.; D. Loeb.See.,- F
S. Yantis, And., Paragould, Ark. GENERAL OFFICE, Paragonld, Ark.

PBESCOTT AND NOBTHWESTEBN BE.— Prescott to Haynesville, Ark., 12.42 m.; Haynesvill<
to end of track, 1.53 m.— total, 13.95 m.; total track (steel, 9 m.; 30 Ibs.), 15.78 miles. Gauge, 4 ft. 8i in. Char
tered Oct., 1890 ; reorganized Jan. 2, 1892 ; road opened in Oct., 1890. Locomotive, 1. Cars (logging, 21 ; other
1), 22. Gross earnings year ending June 30, 1896, $14,439 ; operating expenses (including construction of 2 miles
of road),'$13,549 ; net earnings, $890. Capital stock (shares, $100), 580,000.

Directors (elected Jan., 1897).— W. N. Bemis, W. B. Waller, J. C. Young, M. W. Greeson, Rudolph Pasch
Prescott, Ark. OFFICERS : W. N. BEMIS, Pres.; W. B. Waller, Vice-Pres.; Rudolph Pasch, Sec. & Treas., Pres
cott, Ark. GBNKRAL OFFICE, Prescott, Ark.

BIO GRANDE BB.— Brownsville to Point Isabel, Tex., 22.5 miles. Rail (steel, 3.20 m.), 35 Ibs. Gauge
3 ft. 6 in. Locomotives, 3. Cars— passenger, 3 : baggage, etc., 1 ; freight (box, 27 ; stock, 1 ; flat, 24), 52— total
56. Also 2 lighters operating between Point Isabel and Brazos Santiago Harbor, 6 miles. Incorp. Aug. 23, 1870
road opened July 4, 1872.

Operations, year ending June 30, 1897. — Trains run (mixed), 18,850 miles. Passengers carried, 5,400
carried one mile, 121,500. Tons moved, 9,562 ; ton-miles, 215,145. Earnings (passenger, $2,035 ; freight, $32,857 :
other, $11,556), $46.448. Operating expenses, $24,914. Net earnings. $21,534. Payments : Interest, $4,295 ; taxes
$1,204 ; other payments, $18, 480 -total, $23,979. Deficit, $2,445 ; surplus forward, $98,417 ; net surplus, $95,972

Financial Statement, June 30, 1897.— Capital stock ($500,000 auth.; $100 shares), $255,200 ; funded debi
(1st mtge. 6 p. c. 20-yr. $1,000 coup, bonds, due 1915, interest April and Oct.), $75,000 ; 6 p. c. $1,000 reg. promissory
notes, dated 1895, due 1900, interest April and Oct. (auth., $25,000), $5,000; accounts, $1,055; other liabilities
$26,715; profit and loss, $95,972— total, $435,943. Contra: Cost of road, etc., $430,738; materials, etc., $1,000:
cash and accounts, $4,205— total, $435,943. Interest payable at Brownsville, Tex. Trustee of bonds ; Jos<
Celaya, Brownsville, Tex.

Directors (elected July 8, 1897).— A. Celaya, S. Celaya, Thos. Carson, C. Jagon, J. B. Wells, G. Champion
Brownsville_, Tex.; M. H. Cross, Matamoros, Mex. OFFICERS : A. CELAYA, Pres.; Jose Celaya, Treas. <& Gen
Mgr.; F. RivadalU, Sec., Brownsville, Tex. GENERAL OFFICE, Brownsville, Tex.

BIO Q-BANDE AND EAGLE PASS BY.— Laredo to Minera, Tex., 26.89m.; branch, Canne
Junction to Cannel, 0.50 m. — total, 27.39 miles. Sidings, 1 mile. Gauge, 4 ft. 8| in. Rail (steel, 5m.), 56 Ibs
Locomotives, 3. Cars — freight (flat, 1 ; coal, 37), 38 ; caboose, 1 ; other, 1— total, 40. Ten of the coal cars ar<
leased. Reorganization, May 29, 1885, of the Rio Grande and Pecos Ry. Co. (See MANUAL for 1892.) Projected
to Eagle Pass, 135 m. from Laredo.

Operations, year ending June 30, 1897. —Tons moved, 64,775. Earnings (passenger, $1,777; freight, $30,'
112 ; other, $2,014), $53,902. Operating expenses, $33,428. Net earnings, $20,481. Paid taxes, $1,502. Surplus.
$18,979 ; surplus forward ($47,000, less net balance, adjustment of old and uncollectible accounts, 1889 to 1896
$15,593), $31,407— total, $50,386.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $600,000 ; funded debt (1st mtge. 5 p
c. 40-yr. bonds, due Oct., 1929, Interest yearly Oct. 1), $600,000; car lease warrants, $3,078: accounts, $22,008; profil
and loss, $50,386— total, $1,275,472. Contra; Cost of road, etc., $1.224,923 ; materials, etc., $4,934; Coal Co,
scrip, $34 • equipment trust payments, $308 ; sinking fund, $1,875 ; accounts, $21,283 ; cash, $22,116— total, •$!,•
275,472. The 1st mtge. income bonds are a joint indebtedness of this company and the Laredo Coal Co., and were
issued in part payment for property formerly belonging to the Rio Grande and Pecos Ry. Co. Under the mtge,
the company is allowed to expend its net earnings for betterments and necessary improvements. Since 1891 then
has been nothing earned for the bondholders.

Directors (elected March, 1898).— J. J. Haynes, D. H. Randolph, H. L. Warne, A. L. Vidaurri, C. G,
Brewster, C. D. Fraser, Laredo, Tex.; C. B. Wright, Jr., W. T. Wright, F. M. Dick, Philadelphia, Pa. OFFICERS :
C. B. WRIGHT, JR., Pres.. Philadelphia, Pa.; D. H. Randolph, Vice-Pres.; H. L. Warne, Sec. & Aud.; A. L. Vt
daurri, Treas., Laredo, Tex. GENERAL OFFICE, Laredo, Tex.

BIO G-BANDE JUNCTION BY.— Rifle to Grand Junction, Col., 62.08 miles. Gauge, 4 ft.8* in,
Rail (steel) 65 Ibs. Chartered June 26, 1889 ; road opened as above Nov. 16, 1890. Leased to Jan. 1, 1940, to the
Denver and Rio Grande RR. and the Colorado Midland Ry. Cos., the rental to be 30 p. c. of the gross earnings ol
each company over the line, the minimum rental to be equal to the interest on the outstanding bonds of this com-
pany. Principal and interest of bonds guaranteed jointly and severally by lessees of the property. Operations
included in lessees' statements. Income Account, year ending Nov. 30, 1897.— Receipts, $108,799 on account ol
rental. Payments : Interest on bonds, $92,500 ; other payments, $72— total, $92,572. Surplus, $16,227 ; surplus
forward, $90— total, $16,317.

POOR'S MANUAL OF RAILROADS. 223

Financial Statement, Nov. 30, 1897.— Capital stock (shares, $100), $2,000,000; funded debt (1st mtge.
guaranteed 5 p. c. 50-yr. '§1,000 gold coup, bonds due Dec. 1, 1939, interest June and Dec. at office of Maitlahd,
Coppell & Co., New York, N. Y.; auth., $2.000,000), outstanding, $1,850,000: profit and loss, $16,317— total,
$3,86<>.317. Contra: Cost of road. $3,849,300; due by lessees, $16,317 ; cash, $700— total, $3,866,317. The un-
issued bonds (§150,000) are reserved for future requirements. Trustee : Central Trust Co., New York, N. Y.

Directors (elected Oct. 19, 1897).— E. T. Jeffery, Geo. W. Ristine, Henry T. Rogers, Joel P. Vaile, J. W.
Gilluly, E. R. Murphy, L. G. Cannon, Denver, Col. OFFICERS : E. T. JEFFERY, Pres.; Geo. W. Ristine, Vice-
Pref.; E. R. Murphy, Sec.; J. W. Gilluly, Treas.; L. G. Cannon, Aud., Denver, Col. GENERAL OFFICE, Den-
ver, Col.

RIO GRANDE NORTHERN RY.— Chispa to San Carlos, Tex., 26.25 m.; total track (steel ; 60 Ibs.),
27.79 miles. Gauge, 4 ft. 8± in. Chartered Jan. 18, 1892 ; road opened Jan. 1, 1896. This road was built chiefly
for i lie purpose of transporting coal for the coal mines of the San Carlos Coal Co., at San Carlos, Tex., to market
along the line of the Galveston, Harrisburg and San Antonio Ry. A contract has been entered into between this
company and the G. H. & 8. A. Ry. Co., by which the latter company is to furnish equipment for the operation
of the road, and the earnings are to be divided between the two companies in proportion to the amount of capital
invested by each, respectively, in equipment, and in road. This contract went into operation Jan. 1, 1896.

Financial Statement, June 30, 18% (latent rendered).— Capital stock (auth., $500,000 ; shares, $1CO),
$50.000 ; funded debt (1st mtge. 6 p.c. 20-yr. $1,000 g"ld coup, bonds, due March 1, 1914, interest March and Sept),
$360,000 ; due Construction Co., $119,654 ; matured interest coupons unpaid, $26,100; accrued interest on bonds,
not yet payable, $7,200— total, $562,954. Contra: Cost of road, etc., $484,154. Interest on bonds payable at the
office of the trustee, Farmers' Loan and Trust Co., New York, N. Y.

Directors.— S. A. Johnston, C. L. Straub, Jr., H. F. Johnston, Chispa, Tex.; John P. Ober, F. Gwinner,
Allegheny. Pa. ; W. B. Brack, El Paso, Tex.; Charles 8. Murphy, Marfa, Tex. OFFICERS : S. A. JOHNSTON, Pres.
& Gen. Mgr., Chispa, Tex.; John P. Ober, Vice-Pres., Allegheny, Pa.; Charles S. Murphy, Treas, Marfa, Tex.
GENERAL OFFICE, Chispa, Tex.

ROCK PORT, LANGDON AND NORTHERN RY.-Rock Port to Langdon, Mo., 5.60 miles.
Gauge, 4 ft. 8£in. Rail (steel), 56 Ibs. Chartered Dec. 30, 1889 ; road completed Aug. 1, 1890. This company
has a traffic arrangement with the K. C., St. J. & C. B. RR. Co. Locomotive, 1. Cars — passenger, 1 ; freight
(box. 1 ; flat, 1), 2— total, 3.

Operations, year ending June 30, 1897.— Earnings (passenger, $1,802 ; freight, $4,187 ; other, $820), $6.809.
Operating expenses, $5.337. Net earnings, $1,472. Payments : Interest on bonds, $1,350 ; other payment s, $122
—total, §1,472.

Financial Statement, June 30, 1897.— Capital stock (anth., $90,000) paid in, $55,000 ; funded debt (1st
mtge. 6 p. c. 20-yr. $500 coup, bonds due Jan., 1911, interest Jan. and July, at office of the trustee, National Bank
of St. Joseph, St. Joseph, Mo.), $25,000 ; other liabilities, $2,400— total, $82,400. Contra: Cost of road, etc.,
$80,000 ; cash, $413 ; profit and loss, $1,987— $82,400.

Directors. — Conrad Dcatz, George Freshoffer, Wm. T. Buckham, John P. Lewis, Henry Warneke, Rock
Port, Mo. OFFICERS : JOHN P. LEWIS, Pres.; Wm. T. Buckham, Vice-Pres.; Geo. Freshoffer, Treas.; John D.
Dopf, Sec. & Avd.; Henry Warneke, Gen. Mgr., Rock Port, Mo. GENERAL OFFICE, Rock Port, Mo.

ST. JOSEPH TERMINAL RR.— This company, chartered Dec. 5, 1887, owns and operates 9.08 m.
of yard tracks in St. Joseph, Mo. It receives and delivers freight, does switching, repairs rolling stock, etc., for
the Atchison and St. J. & G. I. RR. Cos. Operating expenses are disposed of by direct charge to each company
each month on basis of tonnage handled and labor and material supplied. Locomotives, 2.

Operations, year ending June 30, 1897. — Gross earnings, $270,268. Operating expenses, $245.050. Net
earnings, $25,217. Payments : Interest on bonds, $17,500 ; taxes. $7,719— total, $25,21?.

Financial Statement, June 30. 1897.— Capital stock (shares. $100; auth., $500,000) paid in, $300/00;
funded debt (1st mtge. 5 p. c. 3i)-yr. $1,000 coup, bonds, dated Aug. 1, 1888, interest Feb. and Aug., auth. ; $500,000),
$a=>0.000 ; accounts, $21,567 ; interest accrued not due, $7.292 ; profit and loss, $6,249— total, $685,107. Coi<tra:
Cost of property. $635.058 ; materials, etc., $19,719 ; accounts, $28,170 ; cash, $2,160— total, $685.107. Interest, on
bonds payable at the National Bank of North America, New York, N. Y. Trustee : Boston Safe Deposit and Trust
Co., Boston, Mass.

Directors (elected June 8, 1897).— W. P. Robinson, Jr., T. F. Van Natta, A. C. Hinckley, St. Joseph. Mo.;
J. J. Frey. H. M. Mndge, Topeka, Kan. OFFICERS : J. J. FRET, Pres., St. Joseph, Mo.; W. P. Robinson, Jr.,
Vice-Pret>., St. Joseph. Mo.; E. Wilder, Treas., Topeka, Kan.; J. G. Drew, Sec. & Aud., St. Joseph, Mo. GENERAL
OFFICE, St. Joseph, Mo.

ST. JOSEPH UNION DEPOT CO.— Incorp. March 22, 1880 ; depot opened May 1, 1882. The B. &
M. River in Nebraska, the C., B. & Q., the C.,R. I. & P., the H. <fc St. J., the K. C., St. J. & C. B., the M. P., the
St. J. & G. I., and the Atchison use the station jointly. Each company owns $1,000 stock.

Income Account, year ending June 30, 1897.— Rentals, $15,600. Payments : Interest on bonds, $5,250 ;
other payments. $10,469— total, $15,719. Deficit, $119 ; surplus forward, $121,215 ; net surplus, $121,095.

Financial Statement, June 30, 1897.— Capital stock, $9,000 ; funded debt (1st mlge. 6 p. c. 25-yr. coup,
cy. bonds, due Jan. 1, 1906, interest Jan. and July, at the National Bank of North America, New York, N. Y.),
$84,00u ; unpaid vouchers, $2,843 ; profit and loss, $121,095— total, $216,938. Contra : Cost of property, $190,664 ;
bills receivable. $'9,163 ; profit and loss, $7,112— total, $216,938. All deficits, interest on, and retirement of, bonds
provided for by the companies interested in the depot.

Directors.— J. D. Besler, Chicago, III.; J. J. Frey, M. A. Low, Topeka, Kan.; G. W. Holdrege, Omaha,
Neb.: Howard Elliott, S. E. dance, W. P. Robinson, Jr., St. Joseph, Mo.; A. Kimball, Davenport, la.; W. B.
Doddridge. St. Louis, Mo. OFFICERS : HOWARD ELLIOTT, Pres ; E. C. Browne, Sec. & Treas., St. Joseph, Mo.
GENERAL OFFICE, St. Joseph, Mo.

ST. LOUIS AND HANNIBAL RY.— Hannibal to Gilmore, Mo., 85m.; Rails June, to Perry, Mo.,
18 m.— total, 103 m. ; sidings, 4 miles. Gauge, 4 ft. 8i in. Rail (steel, 103 m.), 56, 60, and 68 Ibs. (For history,
see MANUAL for 1893.) Locomotives, 7. Cars— passenger, 5 ; baggage, etc., 3: freight (box, 85 ; stock, 15 ; flat,
14 ; coal, 12), 126 ; caboose, 3 ; other, 1— total, 138.

Operations, year ending June 30, 1897.— Passengers carried, 60,334 ; carried one mile, 181,004. Tons
moved, 64,247 ; ton-miles, 3,085,315. Earnings (passenger, $39,130 ; freight, $74.121; other, $18,464), $131,715.
Operating expenses, $112,003. Net earnings. $19,712. Charges : Interest on bonds, $26,600 ; taxes, $7,697— total,
$34,297. Deficit, ?14.585 ; deficit forward, $53,438— total, $68,0?2.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $462.000 ; funded debt (1st mtge. 7 p.
c. 50 yr. $1,000 coup, bonds, due 1936, interest Jan. and July [anth., $600,000], $380,000; income 5 p. c. 40-yr.
bonds, due 1933, interest June and Dec., $250.000), $630,000 ; current accounts, $9,736 : other liabilities, $212,100;
profit and loss, §68,022- total, $1.381,858. Contra : Cost of road, etc., $1,094.640 ; materials, etc., $19,148 ; other
property and assets, £212,100 ; bills receivable. $9,07d; cash, $46,899— total, $1,381,858. The 1st mtge. bonds are
secured on 83 miles of road from Oakwood to Gilmore, Mo.

Directors (elected March 9, 1897).— S. S. Palmer, Princeton, N. J.; M. T. Cox, Morristown, N. J.; Jno. I.
Blair, Blairstown, N. J.; D. C. Blair, Belvidere, N. J.; J. A. Jordan, J. C. Thorman, Green Bay, Wis.; W. C.

224 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

Modisett, Hannibal, Mo. OFFICERS : S. 8. PALMER, Pres., New York, N. Y.; J. A. Jordan. Vice-Pres. & Gen.
Mgr., Green Bay, Wis.: M. T. Cox, Sec. & Treas., New York, N. Y. ; J.M. Warland, Aud., Hannibal, Mo. GEN-
ERAL OFFICE, Hannibal, Mo.

ST. LOUIS, CAPE GMRARDEAU AND FORT SMITH RY.-Cape Girardeau to Hunter,
Mo., 94 m.; sidings, 6 miles. Gauge, 4 ft. 8± in. Rail— iron, 50 Ibs.; steel (75 m.), 35 to 72 Ibs. Organized June
3, 1891, as successor, by change of name, to the Cape Girardeau Southwestern RR. Co. (See MANUAL for 1891.)
On March 4, 1893, the president was appointed receiver. A committee of the consol. mtge. bondholders lias been
formed and about $460,000 consols have been deposited with the United States Mortgage and Trust Co., New
York, N. Y. The Brownwood and Northwestern Ry. was operated by this company under lease until Dec. 31, 1896.
(See MANUAL for 1897.) Locomotives, 9. Cars — passenger, 3 ; baggage, etc., 2 ; freight (box, 15 ; flat, 35 ; coal, 15;
caboose, 2), 67 ; other, 6— total cars, 78.

Operations, year ending June 30, 1897. — Trains run (passenger, 70,928 ; freight, 47,850 ; other, 7,000),
131,778 miles. Passengers carried, 35,034 ; carried one mile, 3,293,206. Tons moved, 98,635 ; ton-miles, 9,271,690.
Earnings (passenger. $19,143 ; freight, $86,022 ; other, $6,979), 8113,143. Operating expenses, $122,781. Deficit
from operations, §9,638. Paid taxes, $5,082. Deficit, $14,7:21 ; surplus forward, $23.386 ; net surplus, $8,66J>.

Receiver's General Balance Sheet, June 30, 1897.— St. L., C. G. & F. 8. Ry. Co., property account,
$10,253 ; current liabilities, $57.413 ; profit and loss, $8,737— total, $76,403. Contra : Cost of construction by
receiver, $4,804 ; of rolling stock, $3,794 ; real estate, etc., $10,091; securities owned, $2,250; materials, etc.,
$12,786 ; other property and assets, $34,769 ; sundries, $7,90!)— total, $76,403.

Trial Balance Sheet, Dec. 31, 1892 (latest rendered).— Capital stock (auth., $2,000,000 ; shares, $100),
$1,150,000 ; funded debt, $1,150,000 ; bills payable, $264,100.48 ; accounts, $133,809.58 ; profit and loss, $330,185.59
—total, $3,028,095.05. Contra: Construction, $2,291,682.27 ; equipment, $103,960.75; real estate, $177,220; fnel
and supplies, $13,556 ; accounts, $58,676.63 ; treasury bonds, $384,000. Funded debt consisted June 30, 1897, of :

1st mtge. (C. G. Div., 15 m.) 6 p. c. 20-yr. c. & r. $1,000 g. bds., due 1900, int. Mar. & Sept. (auth., $100,000) $57,000
1st mtge. (L'kv. Div., 11 m.) 6 p. c. 20-yr. c. & r. $100 & $1,000 g. bds., due 1901, int. M. &S. (auth., $80,000) 50,800
1st mtge. (St. F. Ri v. Div., 26 m.) 6 p. c. 20-yr. c. & r. $1,000 g. bds., due 1902, int. M. & S. (auth., $200,000) 1,000
2d mtge. (vvholeline, 52 m.) 6 p. c. 20-yr. c. & r. $100 & $1,000 g. bds., due 1905, int. J. &J. (anth., $250,000) 2,200
Con. mtge. (whole Mne, 94m.) 6 p. c. 20-yr. c. & r. $l,000g. bds., due 1908, int. M. & S. (anth., $1,000,000). . . . 535,000
2d mtge. income 7 p. c. 40-yr. bonds due May, 1910, int. Aug. & Oct. (auth., $150,000) 120,000

The authorized issue of consols is $1,000,000, and they were issued in March, 1888, for the retirement of all
outstanding issues, and to provide means for completing the extension K> Hunter. For the unredeemed bonds,
consols are on deposit with the Mercantile Trust Co., New York. Trustee of bonds : Leo Doyle, Cape Girardeau,
Mo., for divisional bonds ; Mercantile Trust Co., New York, for consols ; and Edward Hidden, St. Louis, Mo.,
for 2d mtge. bonds. In Dec., 1890, it was voted to increase the stock to $2,000,000 and to extend the road from
Hunter to the Arkansas State line. At the same time $850,000 " Arkansas Extension " 6 p. c. 20-yr. bonds, due
Dec., 1910, interest Jan. and July, were authorized ; none issued to June 30, 1897.

Directors.— Louis Houck, S. S. Harris, R. G. Ranney, L. J. Albert, Cape Girardeau, Mo.; D. S. Brown,
St. Louis, Mo. OFFICERS: Louis HOUCK, Pres. & Eec., Cape Girardean, Mp.; D. S. Brown, Vice-Pres., St.
Louis, Mo.; E. F. Blomeyer, Sec. & Aud. ; Leon J. Albert, Treas., Cape Girardeau, Mo. GENERAL OFFICE,
Cape Girardeau, Mo.

ST. LOUIS KANSAS AND SOUTHWESTERN RY.-Cale Junct. to Anthony, Kan., 59.35
m.; sidings, 5 51 miles. Gauge, 4 ft. 8J in. Rail (steel, 59.35 m.), 56 Ibs. Chartered Aug. 27, 1885, under the name
of the Genda Springs, Caldwell and Western RR. Co.; name changed to existing title on Jan. 7, 1886. Leased in
1886, to the St. Louis and San Francisco Ry. Co., for 98 years, rental being 25 p. c. of the gross earnings of the
leased road, with a minimum guarantee of interest on 1st mtge. bonds. Road opened throughout in 1888. The
reorganized company (St. L. & S. F. RR. Co.) refused to assume the lease, but continued to operate the road for
the bondholders to Oct. 17, 1896. On Nov. 28, 1896, a receiver was appointed. Road operated until July 1, 1895,
by F. S. Eaton, lessee.

Operations, from March 17, to June 30, 1897.— Gross earnings, $6,397. Operatingexpenses, $8,168. Deficit
from operations, $1,171. Payments: Trackage rentals, $73; locomotives and cars_$542— total, $615. Deficit, $2,386.

Financial Statement, June 30, 1897.— Capital stock (auth., $5,600,000; shares, $100), $1,180,000; funded
debt (1st mtge. 6 p. c. 30-yr. gold bonds, dated Sept. 1, 1886, interest March and Sept., auth., $15,000 p. m.), $890,-
000; current liabilities, $26,263— total, §2,096,263. Contra: Cost of road, $2,092,001; profit and loss, $2,096,263.
The total amount of the bonds not controlled by the reorganization committee of the St. L. & St. F. Ry. Co., was
$632,000, the tolders of which were offered in exchange $1.800 of common stock trust certificates of the St. L. &
S. F. RR. Co. for each $l,000'bond, in settlement of claims of the bondholders. At the present time (July 1, 1898)
all but a few of these bonds have been so exchanged.

Directors.— G. A. Wurdeman, C. V. Ferguson, F. H. Bacon, W. R. Smythe, I. A. McGirk, St. Louis, Mo.;
W. J. Nevins, J. E. Conklin, Winfield, Kan. ; A. J. Seay, Guthrie, Okla. Ter. ; John J. McCook, New York, N. Y.
OFFICERS: DWIGHT BRAMAN, Sec., New York, N. Y.; Francis S. Eaton, Lessee & Gen. Mgr.; A. N. Brown,
Traffic Mgr. & Aud., Arkansas City, Kan. GENERAL OFFICE, Arkansas City, Kan.

.ST. LOUIS, KANSAS CITY AND COLORADO RR. (THE).-North Line Forest Park, St.

artered

'Aug. 26,"1888, changing

name to "The St. Louis, Kansas City and Colorado RR. Co." Road formerly controlled by the Atchison Co.
(See MANUAL for 1895.) Locomotives, 3. Cars— freight (flat), 51.

Operations, year ending June 30, 1897. — All information refused ; for latest statement (1895-96) see
MANUAL for 1897.

Financial Statement, June 30, 1896 (latest rendered}.— Capital stock (auth., $2,000,000 ; shares, $100),
$1,600,000 : funded debt (1st mtge. 6 p. c. bonds, dated Feb., 1881, due Feb., 1893, interest Feb. and Aug.), $1.381,-
000 ; current accounts, $2,579,461 ; sundry accounts not yet payable, $21,384 ; accrued interest on bonds not yet
payable, $34,525— total, $5,616.371. Contra: Cost of road and property, $3,852,300; other property and assets,
$4,590 ; cash and current assets, $21,761 ; profit and loss, $1,741,092— total, $5,619,743.

Directors.— C. H. Osburn, Fort Scott, Kan.; Daniel Crosby, Guilford Dudley, Topeka, Kan.; John C.
Carpenter, T. C. Jones, Chanute, Kan.; Isaac H. Sturgeon, St. Louis, Mo. OFFICERS: ADIEL E. SHERWOOD,
Rec.; D. B. Robinson, Vice-Pres.; W. W. Mitchell, Mgr. & Treas. for Bee.; Henry Morris, Aud., St. Louis, Me.
GENERAL OFFICE, St. Louis, Mo.

ST. LOUIS, KENNETT AND SOUTHERN RR.— Campbell to Caruthersville, Mo., 43m.; sid-
ings, — mile. Gauge, 4 ft. 8i in. Rail (steel), 40 Ibs. Chartered March 7, 1890; road opened as above in 1895.
Consolidated with the Penniscot RR. Co. on April 13, 1895. On June 5, 1896, the road was placed in the hands of
a receiver, but waa restored to the company, and the receivership vacated, on June 19, 1896. Locomotives, 2.
Cars— baggage, etc., 2; frieght (box, 4; flat, 4), 8— total, 10.

POOR'S MANUAL OF RAILROADS. 225

Operations, year ending June 30, 1896. — All information refused; for latest statement of operations, see
MANUAL for 1896.

Financial Statement, June 30, 1895 (latest rendered}. -Capital stock, $430,000; funded debt (1st mtge. 6
p. c. 30-yr. $1,000 gold bonds, due Feb. 1, 1921, interest Feb. and Aug., at St. Louis. Mo.), $385,000— total, $815,-
000. Contra: Cost of road, $786,000; rolling stock, $8,222; real estate, etc., $755; other assets, $542— total,
$795,519. Trustee of bond«: St. Louis Trust Co., St. Louis, Mo.

Directors.— Louis Houck, E. S. McCarty, Louis B. Honck, Cape Girardeau, Mo.; D. S. Brown, Wm. C.
Brown, St. Lonis, Mo. OFFICERS: Louis HOUCK, Pres.; E. S. McCarty, Vice-Pres.. Cape Girardeau, Mo. ; Theo.
Besel, Sec.; D. B. Pankey, Treas., Kennett, Mo.; Louis B. Houck, Aud., Cape Girardeau, Mo. GENERAL OFFICE,
Cape Girardeau, Mo.

ty,

& G. Ry., 5 miles. Gauge, 4 ft. 8j in. Steel rails. Chartered Jan. 5, 1896. Surveys completed for a distance of
110 miles. Capital stock authorized, $5,000,000.

Directors.— D. Griffin Gunn, D. T. McDonough. D. B. Madden, H. G. Holbrook, E. B. Mundy, J. E. Portis,
D. W. Cronin, S. P. Larsh, S. S. Rains, W. 8. Pendleton, Frederick King, T. M. Phaup, J. B. Gaylord, Tecnmseh,
Okla. OFFICERS: D. GRIFFIN GUNN, Preg.; D. T. McDonough, Vice-Pres. <& Chf. Eng.; E. B. Mundy, Treat.;
J. E. Portis, Sec., Tecumseh. Okla. GENERAL OFFICE, Tecumseh, Okla.

ST. LOUIS TRANSFER RY.— Water Works, Grand Ave., to U. S. Arsenal, St. Louis, Mo., 6.35 m.;
branch, 0.52 m.— total track (steel; 601bs.), 6.87 miles. Gauge, 4 ft. 8} in. Chartered June 19, 1884; road opened
July 1, 1890. Locomotives, 7.

Operations, year ending June 30, 1897.— Gross earnings (switching). $160,846. Operating expenses, $115,-
205. Net earnings, $45,641. Payments: Interest, $20,183; taxes, $5.413; other payments, $5,313— total, $30,909.
Surplus, $14,732; deficit forward, $44,998; net deficit, $30,266.

Financial Statement, June 30, 1897.— Capital stock (shares, $100; auth., $200,000), $199,800; bills pay-
able, §3:i4,495— total, $534,295. Contra : Cost of property. $504,029; profit and loss, $30,266— total. $534,895.

Directors (elected Nov. 10, 1897). -Jno. Scullin, A. C. Church, E. Pengnet, George L. Sands, P. C. Scanlan,
St. Louis, Mo. OFFICERS: JNO. SCULLIN, Pres.; A. C. Church, Vice-Pres.; Henry L. Clark, Sec. & Treas.; Geo.
L. Sands, Mgr.; C. L. Leslie, Aud., St. Louis, Mo. GENERAL OFFICE, St. Louis, Mo.

SAX ANTONIO AND GULF RR.— San Antonio to Stockdale, Tex., 38 miles. Gauge, 4 ft. 81 in.
Rail (steel), 60 Ibs. Chartered March 31, 1897, as successor to the San Antonio and Gulf Shore Ry., whose
property was sold under foreclosure on July 7, 1896, and purchased for $150,000 by Oscar Bergstrom, trustee, to
whom the road was tnrm d over on Dec. 15, 1896 (see MANUAL for 1897, p. 218). Originally projected from San
Antonio to Velasco, Tex., a distance of 200 miles, and grading was completed by the old company to Stockdale,
40 m. from San Antonio. Locomotives, 2. Cars — freight (box, 4; flat, 10), 14; caboose, 2— total, 16.

Operations, from Dec. 16, 1896 to June 30, 1897.— Trains run (passenger, 300; mixed, 9,920), 10,220 miles.
Passengers carried, 2,912; carried one mile, 68,742. Tons moved, 5,405; ton-miles', 151,346. Earnings (passenger,
$1,962; freight, $8,335; other, $707), $11,004. Operating expenses, $8,539. Net earnings, $2,465. Capital stock
issued and outstanding, $32,000. Authority has been granted for an issue of $250,000 bonds.

Directors (elected April 5, 1898).— Geo. W. Brackenridge, E. Stribbling, John A. Fraser, Geo. Dullnig, J.
W. Graves, M. E. Brackenridge, Thos. H. Franklin. Oscar Bergstrom, Cnas. A. Zilker, San Antonio, Tex.
OFFICERS : GEO. W. BRACKENRIDGE, Preg.; Thos. H. Franklin, Vice-Pres.; John A. Fraser, Sec. & Treas.; Geo.
Dullnig, Gen. Mgr., San Antonio, Tex. GENERAL OFFICE, San Antonio, Tex.

SEARCY AND WEST POINT RR.— Searcy to West Point, Ark., 8 miles. Gauge, 4 ft. 8* in. Rail
—iron, 22 Ibs.; steel (5 m.), 35 Ibs. Chartered in 1882. Locomotive*, 2. Cars— passenger, 2; baggage, etc., 1.

Operations, year ending June 30, 1896.— Earnings (passenger, $8,709; freight, $12,004), $20,713. Operating
expenses, $14,907. Net earnings, $5.806. Paid dividends, $5,806. Capital stock (auth. and paid in), $75,000.

Directors (elected Jan., 1898).— W. H. Lightle, J. E. Lightle, E. A. Robbins, J. S. Sanford, Jasper Hicks,
John T. Hicks, W. M. Watkins, T. B. Paschall, Searcy, Ark. OFFICERS: W. H. LIGHTLE, Pres.; E. A. Robbins,
Vice-Pres.; T. B. Paschall, Sec.; J. S. Sanford, Treas.; Jasper Hicks, Gen. Mgr., Searcy, Ark. GENERAL OFFICE,
Searcy, White Co., Ark.

SILVERTON RR.— Projected: Silverton, Col., to Ouray, Col., 26.60 m.; Silverton, Col., to Mineral
Point, Col., 19m.— total, 45.60 miles. Completed, June 30, 1897 : Silverton, Col., to Albany, Col., 18.25 m.; spurs,
3.75 in.— total, 22 miles. Gauge, 3 ft. Rail (steel), 30 Ibs. Chartered July 8, 1887 ; road opened in 1889. Being
built to accommodate the passenger traffic through the mining district and for the carrying of ores from the dif-
ferent mines. Locomotive, 1. Cars — combination, 3 ; freight (box), 26 ; caboose, 1 ; other, 1— total, 31.

Operations, year ending June 30, 1897.— Trains run (mixed), 5,982 miles. Passengers carried, 1,621 ; car-
ried onemile, 19,289. Tons moved, 18,268; ton-miles, 217,389. Earnings (passenger, $2,202; freight, $37.928 ; other,
$5,076), $45,206. Operating expenses, $24,345. Net earnings, $20,861. Payments: Interest on bonds, $25,500;
other interest, $1,626 ; taxes, $2,009— total, $29,135. Deficit, $8,275 ; surplus forward, $62,013— net surplus,
$53,738.

Financial Statement, June 30, 1897. — Capital stock (shares, $100), $350,000; funded debt (1st mtge. 6 p. c.
20-yr. $1,000 gold coup, bonds, dated Oct. 1, 1888, interest April and Oct., at Denver, Col. (auth., $550,000), $425,-
000; bills payable, $28,42? ; current liabilities, $21,616 ; accrued interest, not yet payable, $6,375 ; accrued taxes,
$1,020; profit andloss, $53,738— total, $886.176. Contra: Cost of property, $880,590; materials, etc., $57; accounts,
$3,980 ; cash, $1,549— total, $886,176. Trustees of bonds : William S. Jackson and M. D. Thatcher.

Directors.— Otto Mears, John L. McNeil, Fred. Walsen, J. W. Schofield, Denver, Col.; John C. Welty,
Canton, O.; S. M. Green, Milwaukee, Wis.; Chas. H. Graham, Philadelphia, Pa. OFFICERS : OTTO MEARS, Preg.,
Denver, Col.; Chas. H. Graham, Vice-Pres., Philadelphia, Pa.; John L. McNeil, Mgr. & Treas.; Alex. Anderson,
Sec. <k Supt.; F. P. Thornton, And., Denver, Col. GENERAL OFFICE, Denver, Col.

SILVERTON NORTHERN RR.— Silverton to Eureka, Col., 9 miles. Gauge, 3 ft. Rail (steel), 30
Ibs. Chartered Nov. 4, 1895 ; road completed as above in June, 1896. Locomotive, 1. Cars (box), 10.

Operations, year ending June 30, 1897.— Trains run (mixed), 2,788 miles. Passengers carried, 989 ; carried
one mile, 8,901. Tons moved, 34,649 ; ton-miles, 311,841. Earnings (passenger, $440 ; freight, $17,135), $17,576.
Operating expenses, $9,071. Net earnings, $8,505. Payments : Interest on bonds, $9,000 ; taxes, $186— total,
$9,186. Deficit, $681 ; surplus forward, $829 ; net surplus, $149.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $150,000 ; funded debt (1st mtge. 5p.c.
50-yr. $1,000 gold coup, bonds, due Jan. 1, 1946, interest Jan. and July in Denver, Col.; auth., $300,000), $180,000;
current accounts. $5,705 ; accrued taxes, $140 ; profit and loss, $149— total, $335,993. Contra: Cost of road, etc.,
$332,400 ; cash and current assets, $3,593— total, $335,993. Trustee of bonds : International Trust Co., Den-
ver, Col.

Directors.— Otto Mears, Fred. Walsen, Fred. G. Walsen, Denver, Col.; Alex. Anderson, Silverton, Col.;
Fred.O. Roof, Walsenburg, Col. OFFICERS: FRED WALSEN, Pres.; OttoMeare, Vice-Preg. & Gen. Mgr ; Fred.
G. Walsen, Sec., Denver, Col. ; Alex. Anderson, Treas. & Supt., Silverton, Col. GENERAL OFFICB, Denver, Col.

15

226 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

SOUTHWESTERN ARKANSAS AND INDIAN TERRITORY RR.— Smithton to Pike
City, Ark., 34 miles. Gau<re, 4 ft. 8± in. Rail— iron, 56 Ibs.; steel (33m.), 35 and 60 Ibs. Chartered June 15, 1884;
road opened as above in July, 1896. Receiver appointed in March, 1896. Locomotives, 2. Cars— passenger, 1;
baggage, etc., 1; freight, 9; olher, 19— total, 30.

Operations.— All infoi-matvon refused.

Financial Statement.— Capital stopk, $1,400,000 authorized. There are $100,000 bonds held as collateral
for a debt of about $22.000, and interest forthree years. There are also $200,000 other bonds, the receiver reports,
which were obtained for a consideration of only about $6,000, and for the setting aside of which as worthless suit
has been instituted by the receiver. Decision is expected at any time.

Directors.- James C. Hutchison, New York, N. Y.; J. H. Crawford, S. ~&. McNutt. Arkadelphia, Ark.;
M. A. Smith, Smithton, Ark.; George H. Augustine, St. Louis, Mo. OFFICERS : J. A. WOODSON, Rec., Little
Rock, Ark. ; JAMES C. HUTCHISON, Pres., New York, N. Y.; J. H. Crawford, Sec.; 8. R. McNutt, Treat., Arka-
delphia, Ark. GENERAL OFFICE, Smithton, Ark.

STUTTGART AND ARKANSAS RIVER RR.— Stuttgart to Gillett, Ark.. 41 m.; sidings, etc..
0.50 mile. Gauge, 4 ft. 8i in. Rail (steel), 35 Ibs. Chartered Nov. 5, 1889 ; road completed m 1892. Receiver ap-
pointed June 27, 1893, and discharged in May, 1894, the bondholders having given m for cancellation 25 p. c. of
their bonds and all unpaid coupons to and including Jan. 1, 1897, thus reducing the bonded debt to $375,000.
Receiver again appointed in August, 1895. Default was made on coupon due July 1, 1897. Decree of foreclosure
entered June 11, 1898, ordering the sale of the road Aug. 2, 1898. Locomotives, 2. Cars— passenger, 1 ; baggage,
etc., 1 ; freight (box), 1 ; other, 1— total, 4. ,

Operations, year ending June 30, 1897. —Trains run, 24,960 miles. Passengers carried, 5,399. Tons moved,
10,859. Earnings (passenger, $3,796 ; freight, $10,103 ; other, $2,157), $16,061. Operating expenses, $20,144. Defi-
cit from operations, $4,083. Charges : Interest on debt, $817 ; taxes, $1,249— total, $2,066. Deficit, $6,149.

Financial Statement, Jan. 1, 1898.— Capital stock (shares, $100), $500,000 : funded debt, 1st mtge. 5 p. c.
30-yr. $1,000 gold bonds, due 1921, interest Jan. and July, $375,000. Trustee: Farmers' Loan and Trust Co.,
New York, N. Y.

Directors.— E. T. Leslie, T. H. Leslie, H. G. Leslie, Gillett, Ark.; Geo. E. Barstow, Providence, R. I.; J.
M. Taylor, Pine Bluff, Ark.; C. K. Leslie, DeKalb, Mo.; Ed. Hall, Stuttgart, Ark. OFFICERS : S. W. FORDYCE,
Bee., St. Louis, Mo.; T. H. LESLIE, Pres.; H. G. Leslie, Vice-Pres., Gillett, Ark.; W. C. Fordyce, Treas. foi-
Rec., St. Louis, Mo.; Edward Hall, Sec.; J. B. Hackler, Mgr.for Rec., Stuttgart, Ark. GENERAL OFFICE, Stutt-
gart, Ark.

SUGAR LAND RY.— Sugar Land to Arcola June., Tex., 14.20 m.; total track (steel; 66 Ibs.), 15
miles. Gauge, 4 ft. 8^ in. Organizea Oct. 21, 1893 ; road opened Nov. 1,1893. Locomotive,!. Car (passenger),!.

Operations, year ending June 30, 1897.— Trains run (mixed, 10,224 ; other, 1,565), 11,789 miles. Passengers
cart-ied, 325 ; carried one mile, 3,466. Tons moved, 45,848 ; ton-miles, 505,626. Earnings (passenger, $104 ;
freight, $19,486), $19,590. Operating expenses, $9,820. Net earnings, $9,110.

Financial Statement, June 30, 1897.— Capital stock (shares, $100) authorized and paid in, $142,000 ; profit
and loss, $9,304— total, $151,304. Contra ; Cost of road, $108,740 ; rolling stock, $7,338 ; cash, $35,226— total,
$151,304.

Directors (elected Oct., 1897).— Ed. H. Cunningham, Ed. B. Cunningham, W. T. Bertrand, W. K. Mor-
row, Sugar Land, Tex.; Geo. W. Breckenridge, San Antonio, Tex.; E. W. Sewall, Wm. D. Cleveland, Houston,
Tex. Vacancy. OFFICERS : Ed. H. CUNNINGHAM, Pres. dk Gen. Mgr.; W. K. Morrow, 1st Vice-Pres., Traf. Mgr.
tfc Aud.; E. B. Cunningham, Zd Vice-Pres.; Vacancy, Sec. <k Treas., Sugar Land, Tex. GENERAL OFFICE, Sugar
Land, Tex.

TEXARKANA AND SHREVEPORT RR.-Texarkana to Doddridge, Ark., 29 miles. Gauge, 4
ft. 8J in. Rail (steel, 15 m.), 40 Ibs. Chartered Oct. 29, 1888 ; completed to Lynn, 24 m.. in 1890 ; extended to
Doddridge in 1895. Locomotives, 4. Cars— passenger, 1 ; freight (nut), 5 ; caboose, 1 ; other, 60— total, 67.

Operations, year euding June 30, 1897.— Gross earnings, $45,759. Operating expenses, $23,706. Net
. earnings, $22,052 ; other receipts, $706— total, $22,759. Surplus forward, $31,598— total, $54,357.

Financial Statement. June 30, 1897.— Capital stock, $176,000 ; other liabilities, $58,817 ; profit and loss,
$54,357— total, $289,174. Contra : Cost of road, etc., $234,476 ; accounts and cash. $54,697— total, $289,174.

Directors.— George W. Fouke, Ben Collins, C. E. Haydon, W. L. Haydon, B. T. Estes, Texarkana, Ark.
OFFICERS : GEORGE W. FOUKE, Pres.; Ben Collins, Vice-Pres. <fc Gen. Mgr.; C. E. Haydon, Treas., Texarkana,
Ark. GENERAL OFFICE, Texarkana, Ark.

TEXAS CENTRAL RR.— Ross to Albany, Tex., 176 m.; sidings, etc., 7.50 miles. Gauge, 4 ft. 8t in.
Rail (steel, 77 m.), 56 Ibs. Organized Dec. 16, 1892, to take over the main line of the Texas Central Ry., sold un-
der foreclosure April 22, 1891. The property was transferred to the new company on Jan. 23, 1893. (See MANUAL
for 1892.) The branch from Garrett to Roberts, Tex., is now known as the Texas Midland RR. (See below.)
Locomotive?, 11. Cars— passenger, 9 ; baggage, etc., 3 ; freight (box, 142 ; flat, 60 ; coal, 15), 213 ; caboose, 4 ;
other, 5— total, 238.

Operations, year ending Dec. 31, 1897. —Earnings (passenger, $61,985; freight, $259,532 ; other, $28,016),
$344,532. Operating expenses, $202,649. Net earnings, $141,883. Payments : Interest on bonds, $15,000 ; other
interest, $1,376 ; dividends on preferred stock (3 p. c. paid Jan., 1897), $39,735 ; taxes, $8,443 ; improvements, $69,-
405 ; other payments, $831— total, $134,790. Surplus, $7,093 ; surplus forward, $95,914— total, $103,007.

Financial Statement, Dec. 31, 1897.— Capital stock (common, $2,649,400; preferred, $1,324,500), $3,-
973,900 ; funded debt (see below), $500,000 ; current accounts, $76,403 ; interest due, $3,750 ; profit and loss, $103,-
007— total, $4,657,060. Contra : Cost of road, $4,223,900 ; bonds in treasury, $250,000 ; real estate, $45,040 ; ma-
terials, etc., $5,821 ; cash, $6,862 ; accounts, $53,176 ; steel rails, etc., $72,261— total, $4,657,060. Funded debt
consists of 1st mtge. 6 p. c. 30-yr. gold f 100 bonds, due April 1, 1923, interest April and Oct. (auth., $2,000,000),
issued " to cover existing: liabilities, to improve ihe present property, and to build 90 miles of extension." Inter-
est payable at office of Moran Bros., New York, N. Y. Preferred stock is entitled to 5 p. c. dividend*. Trustee
of bonds : Farmers' Loan and Trust Co., New York, N. Y.

Directors (elected Feb. 9, 1898).— Henry K. McHarg, Walton Ferguson, Stamford, Conn.; Ame'de' D.
Moran, New York, N. Y.; Jesse S. McLendon, C. Hamilton, R. B. Parrott, Ed. Rotan, Waco, Tex. OFFICERS :
HENRY K. MCHARG, Pres., Stamford. Conn.; Chas. Hamilton, Vice-Pres. & Gen. Mgr.; Richard Oliver, Sec.,
Treas. <fe Aud., Waco, Tex.; D. C. Moran, Asst. Sec. & Asst. Treas., New York, N. Y. GENERAL OFFICE,
Waco, Tex.

TEXAS MIDLAND RR.— Main Lines; Ennis to Greenville, Tex., 73.37m.; Commerce to Paris, Tex..
37.61 m.; branch, Midland June, to Garrett, Tex., 1.93 m.— total, 112.91 miles. Trackage ; St. L. S. W. Ry. of
Tex., Greenville to Commerce, Tex., 13.97 m.— total operated, 126.88 miles. Sidings, etc., 20.07 miles. Gauge. 4
ft. 81 in. Rail— iron, 56 ; steel (115.09m.), 70 Ibs. For history, etc., see MANUAL for 1895. The extension from
Roberts to Greenville, 18.64 miles, was opc-ned for traffic on Oct. 1, 1894, and the extension from Commerce nonb.
to Paris, 37.61 miles on Oct. 26, 1896. Locomotives, 13. Cars— passenger, 11 ; baggage, etc., 4; freight (box, 8^) ;
flat, 116 ; coal, 39), 244 ; caboose, 6 ; other, 24— total, 289.

Operations, year ending June 30, 1897.— Trains run (passenger, 151,642 ; freight, 102,043 ; mixed, 9,16-1 ;
other, 28,500), 291,349 miles. Passengers carried, 75,983 ; carried one mile, 1,820,914. Tons moved, 112,558 ; too-'

POOR'S MANUAL OF RAILROADS. 227

miles, 6,555,659. Earnings (passenger, $48,210 ; freight, $238,118 ; other, $8,942), $296,271. Operating expenses,
$253,033. Net earnings, $42,238 ; other receipts, $17,250— total, $59,488. Payments : Interest on bonds, $45,000 ;
taxes, 85,686 ; other payments, $20,887— total, $71,523. Deficit, $12,035 ; deficit forward, $435,721— total, $447,756.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $500,000 ; funded debt, $900,000;
accounts, S39.716 ; matured interest coupons unpaid, including coupons due July 1, 1897, $176,866 ; other liabili-
ties, $1,609.571— total, $3,226,154. Contra: Cost of road, etc., $2,591. 550 ; materials, $140,838; current accounts
$45,06-2 ; cash, $348 ; profit and loss, $447,756— total, $3,226,154. Funded debt consists of $150,000 1st mtge. 5 p.
c. 100-yr. bonds, due in 1093, interest dan. and July ; and $750,000 2d mtge. 5 p. c. 100-yr. bonds, due in 1993, in-
terest Jan. and July. Bonds are in reg. form, for $1,000 each, and secured by mtge. on the main line

Directors (elected May 11, 1897).— E. H. R. Green, Terrell, Tex.; E. H. Green, Wm. J. Ouinlan, G G
Williams, New Yoik, N. Y.; M. B. Lloyd, Fort Worth, Tex.; T. W. House, Houston, Tex.: J. S. Lockwood, San
Antonio, Tex. OFFICERS : E. H. R. GREEN, Pres. & Gen. Mgr., Terrell, Tex. ; M. B. Lloyd, Vice-Pres., Fort Worth
Tex.; T. E. Corley, Treas.; J. B. Tartt, Sec. & Aud., Terrell, Tex. GENERAL OFFICE, Terrell, Tex.

TEXAS, SABINE VALLEY AND NORTHWESTERN •&? .-Projected : Sabine Pass to
Red River, 350 miles. Completed, June 30, 1897 : Longview to Boren, Tex., 40 m.; sidings, 2 miles. Gauge. 4 ft.
8iin. Rail (steel, 20m.), 50 to 56 Ibs. (For history, see MANUAL, for 1895.) Default was made on interest due
July 1, 1893, and a receiver was appointed on Sept. 20, 1893. Road sold under foreclosure March 2, 1897, and pur-
chased by local creditors for $10,000. Receiver discharged June 6, 1897, the purchasers assuming possession. The
complete" organization of the new company has not yet oeen perfected. Locomotives, 3. Cars — passenger 3 • ba"-
gage, etc., 1 ; freight (flat, 21 ; caboose, 1), 22 ; other, 2— total, 28.

Operations, year ending June 30, 1897.— Trains run (passenger, 6.584 ; freight, 21,650 ; other, 1,460),
29,C94 miles. Passengers carried, 7,853 ; carried one mile, 149,872. -Tons moved, 24,529 ; ton-miles, 68,000. Earn-
ings (passenger, $3,627 ; freight, $30,896 ; other, $2,319), $36,843. Operating expenses, $23,869. Net earnings,
$12,974.

Receiver's General Balance Sheet, June 30, 1897.— Receiver's certificates, $8,500; bills payable,
$47,838— total, $56,338. Contra : Materials, etc., $500 ; bills and accounts, $596 : cash, $1,314 ; profit and loss
$53,929— total, $56,a38. OFFICER? : G. M. D. GRIGSBY, Pres. & Gen. Mar.; D. D. Durham, Vlce-Pres.; J. R. Clem-
mons, Sec. <& Treas.; C. L. Taylor, And., Longview, Tex. GENERAL OFFICE, Longview, Tex.

TEXAS SOUTHERN RY.— Marshall to Montvale Springs, Tex., 15.5 m. ; operated : Hope Lumber
Co.'s spur, Montvale Springs to Harlton, Tex., 3.5 m.— total, 19 miles. Sidings, 1 mile. Gauge, 4 ft. 8| In. Rail
(steel), 35 Ibs. Chartered March 12, 1897, as successor to the Paris, Marshall and Sabine Pass Ry. Co. (See MANUAL
for 1897, p. 214.) This company operates under verbal agreement the track of the Hope Lumber Co. from Mont-
vale Springs to Harl ton, Tex., a distance of 3.5 miles, in consideration of keeping the roadbed and bridges in repair.
Locomotive, 1. Cars —passenger, 1 ; freight (flat), 8— total, 9.

Operations, year ending June 30, 1897.— Trains run (mixed), 10,000 miles. Passengers carried, 1,001. Tons
moved, 7,845. Earnings (passenger, $403 ; freight, $8,593 ; other, $830), $9,826. Operating expenses, $9,267.
Net earnings, $559. Paid taxes, $392. Surplus, $167. Capital stock (authorized, $300,000 ; shares, $100) issued,
$15,000.

Directors.— E. Key, E. J. Fry, W. C. Pierce, W. M. Robertson, Chas. Cobb., Jr., Marshall, Tex.; D. H.
Scott, Jno. Martin, Paris, Tex. OFFICERS : D. H. SCOTT, Pres., Paris, Tex. ; E. J. Fry, Vlce-Pres.; W. C. Pierce,
Treas.; Chas. Cobb, Jr., Sec.; J. W. Harle, Gen. Mgr., Marshall, Tex. GKNKRAL OFFICE, Marshall, Tex.

TEXAS TRUNK RR. CO.— Dallas to Cedar, Tex., 51.68 m. ; sidings, etc., 3.42 miles. Gauge, 4 ft. 81
in. Rail (steel, 20.71 m.), 50 and 61i Ibs. (For history, see MANUAL for 1892.) Receiver appointed in Sept., 1891.
Sold under foreclosure on Aug. 6, 1895, and purchased for $250,000 by Edward H. Pardee, New York, N. Y.
Locomotives, 2. Cars— passenger, 2; combination, 1 ; freight (box), 64; caboose, 1; other, 1— total, 69. One
of the locomotives', 1 passenger, 1 combination car, and 50 of the box cars are leased.

Operations, ye-ir ending June 30, 1897.— Trains run (passenger, 4,024 ; freight, 9,362 ; mixed, 31,020 ; other,
7.804), 52,210 miles. Passengers carried, 24,980 ; carried one mile, 444,069. Tons moved, 28,315 ; ton-miles, 444,-
036. Earnings (passenger, $12,541 ; freight, $54,281 ; other, $2,840), $69,663. Operating expenses, $57,630. Net
earnings, $12,033 ; other receipts, $8— total, $12,041. Paid taxes, $3,910. Surplus, $8,132 ; deficit forward,
$25,043 ; net deficit, $16,910.

Receiver's General Balance Shee', June 33. 1897.— Current liabilities, $198,163. Contra: Cost of property,
$165,971 ; materials, $3,545 ; cash, $11,73, ; proiit and loss, $16,910— total, $198,163.

Financial Statement.— Capital Block, $750,000. Funded debt, $1,000,000 1st mtge. 5 p. c. bonds, dated
Aug. 30, 1888, due Oct. 1, 1918, interest April and Oct. Trustee : Central Trust Co., New York, N. Y. OFFICERS :
WM. WHYTE, Bee. & Treas.; Eugene Still, Aud., Dallas, Tex. GENERAL OFFICE, Dallas, Tex.

ULTIMA THULE. ARKADELPHIA AND MISSISSIPPI RY.-Daleville to Washita,
Ark.. 28 miles'. Sidings, 2 miles. Gauge, 4 it. 8fr in. Rail (steel), 35 Ibs. Chartered Dec. 17, 1887 ; road opened
March 15, 1891. Locomotives, 3. Cars — passenger. 2 ; baggage, etc., 1 ; freight (flat), 8 ; other, 24— total, 36.

Operations.— All information refused ; for latest statement see MANUAL for 1897.

Financial Statement, Dec. 31, 1897. — The company reports that there is no stock or bonds issued, but
fails to supply any information as to its financial condition.

Directors.— W. Grayson, O. G. Schulenburg, St. Louis, Mo.; R. W. Huie, J. R. Dale, Arkadelphia, Ark.;
H. R. Asman, Daleville, Ark. OFFICERS: WILLIAM GRAYSON, Pres., St. Louis, Mo. ; H. R. Asman, Pice-Pres.,
Daleville, Ark.; O. G. Schulenburg, Sec. & Treas., St. Louis, Mo.; R. W. Hnie, Gen Mgr., Arkadelphia, Ark.
GENERAL OFFICE, Daleville, Arkl

UNION DEPOT CO. OF KANSAS CITY.— Yard tracks, 2.45 mile's. Rail (steel), 60 Ibs. Gauge,
4 ft. 8i in. Incorp. Nov. 29, 1875 ; opened in April, 1878. Shortly after its incorporation the company made
contracts with the railroads intending to use the property, under which they agreed to pay a fixed rental of $21,-
000 per annum (being 10 p. c. of the original amount of 1st mtge. bonds), in monthly installments, the same to be
applied to the payment of interest and sinking fund charges ; also that they should pay all operating expenses,
and taxes on monthly bills being rendered for the same, but that all miscellaneous revenues of the property should
first he applied to the payment of these expenses.

Financial Statement, July 1, 1897.— Capital stock (shares, $100), $495.000 ; funded debt, 1st mtge. 8 p. c.
22-yr. $1,000 coup, bonds, due July 1, 1899, interest Jan., April, July, and Oct., at National Webster Bank, Boston,.
Mass, (issued $aiO,000), outstanding, $38,000— total stock and bonds, $533,000. Trustees of bonds (surviving) :
Charles F. Adams, and George W. Weld, Boston, Mass.

Directors.— Edward S. Washburn, J. O. Brinkerhoff, Kansas City, Mo.; C. H. Chapel], A. Kimball, Chi-
cago, 111. ; A. A. Allen, W. B. Doddridge, J. Ramsey, Jr , St. Louis, Mo.; Howard Elliott, S. E. Crance, St. Joseph,.
Mo.; J. J.Frey, Topeka, Kan. OFFICERS : EDWARD S. WASHBURN, Pres. ; W. J. Ferry, Sec.; C. C.Ripley, Treas. »
Kansas City, Mo. GENERAL OFFICE, Kansas City, Mo.

UNION DEPOT AND RR. CO. (THE), DENVER.— Incorp. Nov. 24,1879; opened June 1, 1881.
The Union Pacific Ry. Co. owns three-fifths, the Denver and Rio Grande RR. Co. one-fifth, and the Union Pacific,
Denver and Gulf Ry. one-fifth of the Union passenger station at Denver, Col., and pay operating expenses in pro-
portion. All other roads entering the depot pay a fixed rental per month, which, together with express earnings

228 POOE'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.

and office rentals, constitutes the revenue of this company. Owns no rolling stock, motive power, or trackage,
except 5 m. of yard or depot tracks.

Income Account, year ending Dec. 31, 1897.— All information refuged ; for latest statement see MANUAL
for 1897.

Fin
000; audi

$18,063; franchises' and privileges, $400,000; accounts^ etc., $43,355; cash, $21,352— total, $l,llb,011~

Directors.— W. A. Deuel, E. T. Jeffery, Frank Trumbull, E. Dickinson, E. Buckingham. OFFICERS : W.
A. DEUEL, Pres.; E. T. Jeffery, Vice-Pres.; G. E. Ross-Lewin, Treat.; W. P. Kendall, Sec.; P. Touhy, Supt.,
Denver, Col. GENERAL OFFICE, Denver, Col.

VELASCO TERMINAL RY.— Chenango June, to Velasco, Tex., 20 m.- total track (steel; 56 Ibs.),
23.5 miles. Gauge, 4 ft. 81 in. Incorp. July 31, 1891; road opened Feb. 22, 1892. Locomotives, 2. Cars— pas-
senger, 1; caboose (leased), 1— total, 2.

Operations, year ending June 30, 1897.— Trains ran (passenger, 12,560; freight, 12,440), 25,000 miles. Pas-
sengers carried, 14,186; carried one mile, 176,510. Tons moved, 32,094; ton-miles, 524,307. Earnings (passenger,
$4,115; freight, $21,884; other, $2,202), §28,200. Operating expenses, $31,485. Deficit from operations, $3,285.

Financial Statement, June 30, 1897.— Capital stock ($100 shares; auth., $600,000), $343.100; funded debt
(1st mtge. 5 p. c. 50-yr. $100 gold bonds, dated An?. 1, 1893, interest in default, anth., $800,000), outstanding, $400,-
000; other liabilities, $105,067; accrued interest on bonds, not yet payable, $6,667— total, $854,833. Contra: Cost
of property, $747,420; materials, etc., $200; cash and accounts, $1,964; profit and loss, $105,249— total, $854,833.
Trustees of bonds: J. M. Moore and J. H. Shapard.

Directors (elected Feb., 1898).— E. D. Dorchester, W. W. Anderson, J. M. Moore, L. L. Foster, Velasco,
Tex.; C. B. Farwell, Chicago, 111.; H. G. Curtis, J. O. Wetherbee, Boston, Mass. OFFICERS : C. B. FARWELL,
Pres., Chicago, 111.; H. G. Curtis, 1st Vice-Pres., Boston, Mass.; L. L. Foster, Zd Vice-Pres. & Gen. Mgr.; E. D.
Dorchester, See.; J. M. Moore, Treas., Velasco, Tex. GENERAL OFFICE, Velasco, Tex.

WACO AND NORTHWESTERN RR.— Bremond to Ross, Tex., 54.68m.; sidings, etc., 5.09milen.
Gauge, 4ft. Hi in. Rail (steel, 54.68m.). 54 Ibs. Built in 1872 as a division of the Houston and Texas Central RR,
but as it was bonded under a different deed of trust from the main line, it was consequently not included in the
foreclosure sale of that road. (See MANUAL for 1893.) Receiver appointed Dec. 11, 1892. Road sold under fore-
closure on Sept. 3, 1895, and purchased for $1,505,000 by Wilbur F. Boyle, St. Louis, Mo. Locomotives, 5. Cam
— passenger, 4; baggage, etc., 3; freight (box, 30; stock, 8; flat, 35: coal, 6), 79; caboose, 2; other, 3— total, 91.

Operations, year ending June 30, 1897.— Trains run (passenger, 31,476; freight, 31,597: mixed, 31,890;
other, 17,728), 122,191. Passengers carried, 76,534; carried one-mile, 1,751,739. .Tons moved, 128,014; ton-miles,
3,882,665. Earnings (passenger. $49,998; freight, $208,163; other, $13,640), $271,801. Operating expenses, $135,-
796. Net earnings, $136,005; other receipts, $4,4ia-total, $140,414. Paid taxes, betterments, etc., $19,672. Sur-
plus, J£120,742; surplus forward, $506,261— total, $627,004.

Receiver's General Balance Sheet, June SO, 1897.— Current accounts. $23,354; profit and loss, $627,-
004— total, $650,358. Contra : Materials, $5,141 ; accounts, $46,195; cash on hand and on deposit withU. S. Court,
$599,021— total, $650,358. OFFICERS : ALFRED ABEEL, Sec.; John M. Connor, Treas.; T. O. Edwards, Aud.;
P. A. Gorman, Gen. Mgr., Waco, Tex. GENERAL OFFICE, Waco, Tex.

WALDO AND FORT SMITH RR.— Projected : Waldo to Fort Smith, Ark., 200 miles. Completed,
June 30, 1897: Waldo to Rosston, Ark., 20 miles. Gauge, 4 ft. 8i in. Rail (steel), 35 Ibs. Chartered in Oct., 1893;
road opened to Rosston, about Jan. 1, 1896. Locomotives, 2. Cars — passenger, 1 ; baggage, etc., 1 ; freight, 30;
other, 1— total, 33. Capital stock anth. and paid up, $150,000. Cost of road, equipment, etc., $100,000.

Directors.— A. J. Neimeyer, G. H. Rosse, St. Louis, Mo.; C. R. Jones, Oakland, Cal.; S. Wainwright, W.
A. Davenport, Waldo, Ark.; Chas. Neimeyer, Arkadelphia, Ark. OFFICERS: A. J. NEIMEYER, Pres. <& Purch.
Agt.; Geo. H. Rosse, Vice-Pre*., St. Louis, Mo.; S. Wainwright, Treat., Supt. <fc Chf. Eng.; W. A. Davenport,
Sec., Waldo, Ark. GENERAL OFFICE, St. Louis, Mo.

WEATHERFORD, MINERAL WELLS AND NORTHWESTERN RY.— Weatherford
to Mineral Wells, Tex., 23 m. ; total track (steel, 25.25 m.), 26.05 miles. Rail— 5(5 Ibs. Gauge, 4 ft. 8* in. Char-
tered July 26, 1889; road opened Dec. 16, 1890. Locomotives, 2. Cars— passenger, 2; combination, 3; freight
(box, 49; flat, 12; coal, 15), 76; other, 10— total, 90.

Operations, year ending June 30, 1897.— Trains run (mixed, 33,534; other, 811), 34,345 miles. Passengers
carried, 21,441; carried one mile, 403,033. Tons moved, 36,779; ton miles, 696,210. Earnings (passenger, $10,239;
freight, $31,292; other, $4,328), $45,859. Operating expenses, $34,565. Net earnings, $11,293. Payments : Inter-
est on bonds, $30,000; other interest, $1,170; taxes, etc., $1,521; other payments, $2,854— total, $35,544. Deficit,
$24,026; deficit forward, $118,850— total, $142,876.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $500,000; funded debt (1st mtge. 6 p.
c. 30-yr. $1,000 gold coup, bonds, due Sept. 1, 1920, interest March and Sept. 1), $500,000; bills, accounts, etc.,
$21,650; interest (matured coupons unpaid, $194,500; accrued, not yet payable. $10,000), $204,500— total, $1,226,150.
Contra: Cost of property, $1,018,022; materials, etc., $4,041; bills and accounts, $59,712; cash, $1,500; profit and
loss, $142,876— total, $1,226,150. Interest on bonds payable at the office of the trustee, Central Trust Co., New
York, N. Y.

Directors (elected June 8, 1897) — L. M. Fonts, E. R. Standish, W. C. Forbess, P. E. Bock, J. W. Boot,
Weatherford, Tex. ; S. M. Finley, W. A. Bonner, Dallas. Tex. ; W. Hamon, E. P. Fouts, Rock Creek, Tex. OFFI-
CERS: L. M. FOUTS, Pres. & Gen. Mgr., Weatherford, Tex.; S. M. Finley, 1st Vice-Pres., Dallas, Tex.; J. W.
Boot, Zd Vice-Pres., Sec. & Treas.; P. E. Bock, Supt., Weatherford, Tex. GENERAL OFFICE, Weatherford, Tex.

WHITE AND BLACK RIVER VALLEY RY.— Brinkley to Jacksonport, Ark., 58 m.; Coats to
Gregory, Ark., 6m.— total, 64m.; sidings, 6.45 miles. Gauge, 4 ft. 81 in. Rail (steel, 31 m.), 35 to 60 Ibs. Or-
ganized in 1890 as successor to the Batesville and Brinkley RR. Co. (See MANUAL for 1891.) Locomotives, 4.
Cars— passenger, 6 ; ba»gage, etc., 1 ; freight (box, 44 ; flat, 38 ; stock, 1 ; coal, 2), 85 ; other, 3— total, 95.

Operations, year'ending June 30, 1897.— Trains run (passenger, 12,176 ; freight, 516; mixed, 22,964 ; other,
1,257), 66,913 miles' Earnings (passenger, $12,632; freight, $48,311; other, $4,454), $65,397. Operating expenses,
$48,473. Net earnings, $16,924.

Financial Statement, June 30, 1897.— Capital stock (anth., $10,000 p. m. of completed road ; shares,
$100), $323,000 ; funded debt (1st mtge. 6j>. c. 30-year $1,000 coup bonds, due July 1, 1913, interest Jan. and July,
at Little Rock, Ark., and at trustee's office, New York (auth., $10,000 p. m. of completed road), $278,000 ; bills
payable, $48,667 ; current accounts, $2,735 ; coupons due officers of company, $80,723 ; profit and loss, $43,262—
total, $776,387. Contra : Cost of road, etc., $735,198; real estate, etc., $19,950; materials, etc., $7,367; other assets,
$6,396 ; accounts, $4,169 ; cash, $3,307— total, $776,387. Trustee : Farmers' Loan and Trust Co., New York.
Stock and bonds are all held by officers of company.

Directors.— James B. Dent, Riverside, Ark.; E.G.Thompson, A.N.Johnson, W.J.Thompson, Little
Rock, Ark.; M. D. Thompson, Grays, Ark.- Minor Gregory, Gregory, Ark.; Jas. P. Coffin, Batesville, Ark.; W.
L. McDonald, Newport, Ark.; Jas. T. Henderson, Auvergne, Ark. OFFICERS : W. J. THOMPSON, Pres., Trev*.

POOR'S MANUAL OF RAILROADS. 229

A Gen. Mar.; A. N. Johnson, Sec., Little Rock, Ark.; Jno. T. Flynn., Gen. Supt., Newport, Ark. J&ENERAL
OFFICE, tittle Rock, Ark.

WICHITA AND WESTERN RY. (THE).— Wichita, Kan., to Pratt, Kan., 94.76 miles. Siding?, 7.44
miles. Gauge, 4 ft. 8£ in. Rail (steel, 94.76 m.), 34 and 52 Ibs. Consolidation, May 9, 1889, of the Wichita and
Western and the Kingman, Pratt and Western RR. Cos. (See MANUAL for 1898.) Receiver appointed Jan. 14,
1895 ; took possession Feb. 1, 1895. The original length of this company's line was 124.65 miles, extending from
Wichita, Kan., to the west line of Kiowa County, Kan. By order of the Conrt, dated Dec. 8, 1896, 29.89 miles of
track were taken up, leaving 94.76 miles owned on June 30, 1897. Train service was discontinued on Dec. I .
1895, on that portion of the line extending from Cullison to west line of Kiowa County, Kan., 35.61 miles, and
on March 1, 1897, the operation of the line west from Pratt to Cullison, 9.45 miles, was suspended, leaving the
total mileage now in operation, 79.50 miles. Locomotives, 8. Care— passenger, 3: baggage, etc., 1; freight
(coal), 9 -total, 13.

Operations, year ending June 30, 1897. (Average operated, 85.86 miles.)— Trains run (passenger, 54,519 ;
freight, 1,733 ; mixed, 27,088 ; other, 2,267), 85,607 miles. Passengers carried, 17,242 ; carried one mue, 576,898.
Tons moved, 49,528 ; ton-miles, 1,703, 765. Earnings (passenger, $14,704 ; freight, $48,115 ; other, $14,005), $76,-
825. Operating expenses, $62,056. Net earnings, $14,768. Charges : Interest on bonds, $104,820 ; taxes, $15,596;
other charges, $121— total, $120,538. Deficit, $105,770 ; deficit forward, $1,106,436— total, $1,212,206.

Financial Statement, June 30, 1897.— Capital stock (auth., $8,520,000 : shares, $100), $1,035,000 ; funded
debt, $1,747,000 ; bills payable, $385,901 ; current accounts, $31,371 ; accrued taxes, $8,717 ; matured interest
coups, unpaid, including coup, of July 1, 1897, $838,560— total, $4,046,549. Contra: Cost of road, $2,687,903;
equipment, $77,530 ; materials, etc., $2,459 ; other assets, $279 ; bills and accounts, $66,172 ; profit and loss, $1,-
212,206— total, $4,046,549. Funded debt outstanding June 30, 1897, consisted of $791,000 (aufh., $1,123,000) W. &
W. RR. 1st mtge. 6 p. c. 30 yr. $1,000 coup, bonds, due Jan. 1, 1914, interest Jan. and July ; and $956,000 (anth.,
$1,992.000) K. P. & W. RR. Istratge. 6 p. c. 30-yr. $1,000 reg. bonds, due July 1, 1916, interest Jan. and Jnly.
Trustee : Boston Safe Deposit anq Trust Co., Boston, Mass. The Atchison Co. owns $450,000 of the stock, and
all of the bonds outstanding of this company.

Directors (elected Oct. 28, 1897).— Aldace F. Walker, New York, N. Y.; E. P. Ripley, C. M. Higginson,
Chicaso, 111.; J. J. Frey, A. A. Hnrd, Jno. E. Frost, B. T. Lewis, W. Littlefield, A. S. Rankin, I. S. Lauck, C. T.
McLellan, D. L. Lakin, Charles A. Fellows, Topeka, Kan. OFFICERS : JOSEPH H. MCENTIRB, Receiver, Wichita,
Kan.; EDWARD P. RIPLEY, Pres.; Paul Morton, 3d Vice-Pres., Chicago, -111.; E. Wilder, Sec. <fe Treat.; I. S.
Lauck, And., Topeka, Kan. GENERAL OFFICE, Topeka, Kan.

WICHITA VALLEY RY.— Wichita Falls to Seymour, Tex., 51 m. ; sidings, 6 miles. Gauge, 4 ft. 8J
in. Rail (steel), 56 Ibs. Locomotives, 2. Cars— passenger, 2 ; caboose, 1 ; other, 1— total, 4. Chartered Feb. 8,
1890 ; road opened Sept. 1, 1890.

Operations, year ending June 80, 1897.— Trains run (mixed), 35,726 miles. Passengers carried, 6,354 ; car-
ried one mile, 241,536. Tons moved, 23,192 ; ton-miles, 1,070,253. Earnings (passenger, $6,799 ; freight, $35,420 ;
other, $3,182), $45,401. Operating expenses, $21,585. Net earnings, $23,816 ; other receipts, $789— total, $24,604.
Payments- Interest on bonds, $38,450; taxes, $2,334— total, $40,783. Deficit, $16,178 ; deficit forward, $33,490—
total, $49,668.

Financial Statement, June 30, 1897.— Capital stock (auth., $6,000,000; $100 shares), $1,020,000; funded
debt (1st mtge. 5 p. c. 50-yr. $1,000 gold coup, bonds, due July 1, 1940, interest Jan. and July), $1,020,000 ; current
accounts, $112,762— total, $2,152,762. Contra: Cost of road, etc., $1,812,851; company's bonds, $251,000; ma-
terials and fuel, $892 ; accounts and cash, $38,370 ; profit and loss, $49,668— total, $2,152,762. Trustee of bonds :
Mercantile Trust Co., New York, at whose office interest i* payable. Th« bonds may be drawn at 105 after due
notice.

Directors (elected March, 1898).— E. W. Taylor, Morgan Jones, G. P. Meade, W. E. Kaufman, Fort Worth,
Tex.; G. M. Dodge, J. T. Granger, New York, N. Y.; H. Walters, Baltimore, Md.; D. A. Chappell, Trinidad,
Col.; J. A. Kemp, Wichita Falls, Tex. OFFICERS: MORGAN JONES, Pres., Fort Worth, Tex.; D. A. Chappell,
Vtce-Pret., Trinidad, Col.; Geo. Strong, Treat. & And.; G. P. Meade, Sec., Fort Worth, Tex. GENERAL OFFICE,
Wichita Falls, Tex.

WIGGINS FERRY CO.— Chartered Feb. 11, 1853, and operates the Wiggins Car Transfer. Owns
freight yards and 11.72 m. of tracks in St. Louis, Mo. Car transfer started in 1870. Besides the car transfer, the
company operates 6 ferry-boats between St. Louis, Mo., and East St. Louis, 111. Car transfer steamers, 3 ; car
transfer barge, 1 ; tug, 1 ; ferry-boats, 6; ferry wharf boats, 6.

Operations, year ending June 30, 1897.— Gross earnings, $623,774. Operating expenses, $456,892. Net
earnings, $166,882; other receipts, $74,007— total, $240,889. Payments : Dividends (July 15 and Oct. 15, 1896, and
Jan. 15 and April 15, 1897, 2 p. c. each), $80,000; other payments, $32,288- total, $112,288. Surplus, $128,601; sur-
plus forward, $879,880— total, $1,008,481.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), 31,000,000; bills payable, $332,fOO;
accounts, $71,253 ; fund set aside for new ferry-boats, $55,000 ; profit and loss, $1,008.481— total, $2,466,734.
Contra .• Cost of floating stock, $347,001; real estate, etc., $737,784 ; securities owned, $259,293 ; materials, etc.,
$10,032; yards and side tracks, $43,154; bills receivable, $892,874; accounts, $9,744 ; cash, $166.852— total, $2,-
466,734.

Directors (elected Nov. 10, 1897).— John Scullin, Ernest Peugnet, A. C. Church, R. P. Tansey, George A.
Madill, St. Louis, Mo. OFFICERS; JOHN SCULLIN, Pres.; A. C. Church, Vlce-Pres.; Henry L.Clark, Sec. <fe
Treat.; Geo. L. Sands, Mgr.; C. L. Leslie, Aud., St. Louis, Mo. GENERAL OFFICE, St. Louis, Mo.

WILLIAMSVILLE, GREENVILLE AND ST. LOUIS RY.-Williamsville, Mo., to Green-
ville, Mo., and toward Belmont branch, St. L., I. M. & So. Ry., 25 m.: sidings, 2.42 miles. Gauge, 4 ft. 8* in.
Rail (steel), 60 Ibs. Chartered Jan. 25, 1894, and on March 1, 1894, purchased the property of the Williamsville,
Greenville and Northeastern Ry. (See MANUAL for 1895.) Locomotives, 4. Cars— passenger, 1 ; freight (box, 1;
caboose, 1), 2 ; other, 80- total, 83.

Operations year ending June 30, 1897.— Tons moved, 110,765 ; ton-miles, 1,329,180. Earnings (passenger,
$2,331; freight, $47,839 • other, $502), $50,675. Operating expenses, $22,770. Net earnings, $27,905 ; other receipts,
$5,819— total, $33,724. Payments : Interest on bonds, $22,500 ; other interest, $6,503 ; taxes, $536— total, $29,539.
Surplus, $4,185 ; surplus forward, $15,384— total ($19,569 ; deductions for year, $9,023), $10,546.

Financial Statement, June 30, 1897.— Capital stock (auth., $1,500,000 ; shares, $100), $290,000 ; funded
debt (1st mtge. 6 p. c. $1.000 gold coup, bonds, due Jan. 2, 1936, interest Jan. 1 and July 1, auth., $1,500,000), $375,-
000; bills payable, $83,279; accounts, $554; other liabilities, $11,250; profit and loss, $10,546-total, $770,629.
Contra: Cost of road, etc., $683, 727 ; accounts, $86,668 ; cash, J234— total, $770,629. Trustee of bonds : Mississippi
Valley Trust Co., St. Louis, Mo., where interest is payable.

Directors (elected March 25, 1898).— C. C. Rainwater, R. J. Medley, St. Louis, Mo. ; Eli Klotz, Piedmont, Mo. ;
H. N. Holladay, V. M. Mason, C. W. White, Geo. K. Smith, Greenville. Mo. OFFICKRS : C. C. RAINWATER,
Pres., St. Louis, Mo.; H. N. Holladay, Vlce-Pres. & Gen. Mar., Greenville, Mo.; R. J. Medley, Sec., St. Louis,
Mo.; Eli Klotz, Treat.) Piedmont, Mo. GENERAL OFFICE, Greenville, Mo,

230 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

NORTHWESTERN GROUP— States of Iowa, Minnesota, Ne-
braska, North Dakota, South Dakota, Wyoming, and Montana.

t£ST~ Railroads associated with others, forming Systems, or those reporting for the calendar year, if not in
alphabetical order following, may be found by referring to the GENERAL INDEX.

BURLINGTON, CEDAR RAPIDS AND NORTHERN RAILWAY COMPANY.

(For map of this road see page 231.)

Main Line of Road. — Burlington, la., to Albert Lea, Minn 253.21 miles.

Miltcaukee Division : Linn June., la., to Postville, la s 94.13

Decorah Division : Postville June., la., to Decorah, la 23.30

Muscatine Division : Muscatine, la. , to Riverside, la 30.58

Pacific Division : Vinton, la. , to Holland, la 48.12

Iowa Falls Div. : Holland, la., to Watertown, S. D., Sioux Falls and Branches 494.98

Clinton Division : Clinton, la., to Iowa City, la 81.94

Iowa City Division : Iowa City, la., to What Cheer. la 73.02

Waverly Short Line By. : Near Winslow, la. , to Waverly, la 5.68

Davenport, Iowa and Dakota Ry.: Bennett, la., to Davenport, la 31.51

Total length of linfes operated, Dec. 31, 1897 1,136.47 miles.

Total length of lines owned absolutely, Dec. 31, 1897 ". 4"3.59 "

Sidings, etc., 171.53 miles. Gauge, 4 ft. 8£ in. Rail— iron, 50 to 56 Ibs.; steel (1,136.47 m.),
66, 70, and 80 Ibs.

Historj.— Organized Jane 22, 1876, as successor to the B., C. R. & Minn. RR. Co.
Included in the main line are 11.39 m. from Manly June, to Northwood, leased from the Iowa
Central Ry. Co.; also, 12.57m. of the Minneapolis and St. Louis RR., from Iowa line to
Albert Lea, Minn., leased for 999 years on guaranty of $150,000 7 p. c. bonds, due Jnne 1,
1927. When the bonds are paid off, that link becomes the property of this company.

The company nominally leases, but actually owns, the following named railroads, and
guarantees principal and interest of the bonds issued upon them : Iowa City and Western
Ry., Iowa City to What Cheer and Montezuma, la., 73.02 m.; Cedar Rapids, Iowa Falls and
Northwestern Ry., Holland, la., to Worthington, Minn., 182 m. ; Lake Park, Minn., to
Watertown, So. Dak., 163.63 m.; Ellsworth, Minn., to Sioux Falls, So. Dak., 42.49 m.; Dows
to Armstrong, la., 97.68m.; Trosky to Jasper, Minn. , 9.18m. — a total of 494.98m.; Cedar
Rapids and Clinton Ry., Iowa City to Clinton, la., 81.94 m.; Chicago, Decorah and Minnesota
Ry., Postville June, to Decorah, la., 23.30 miles. Total miles leased, including Waverly
Short Line Ry., "702.88 miles. (See MANUAL for 1893.)

Rolling Stock, Dec. 31, 1897. — Locomotives, 132. Cars — passenger, 38 ; chair, 3 ; direc-
tors', 3 ; mail and express, 13 ; combination, 17; baggage, 9; refrigerator, 44 ; way, 72 ; freight
(box, 3,251 ; flat and coal, 550 ; stock, 359 ; fast freight, 2 ; furniture, 447), 4,609— total care,
4,808. Also 496 hand and rubble cars, 25 iron trucks, and velocipede cars, 14 snow-ploughs,
4 Hangers, 2 bridge-bnilding trains, 19 wrecking trains, 27 cinder, and 34 miscellaneous cars.
The following rolling stock is owned by the leased lines : C. R-, I. F. & N. Ry...Co., 23 locomo-
tives, 10 passenger, 10 way, 1,050 box, and 150 flat and coal cars; C. R. & C. Ry. Co., 5
locomotives, 4 passenger, 270 box, and 54 flat and coal cars ; C., D. & M. Ry. Co., 2 locomo-
tives, 80 box, and 16 flat and coal cars.

Operations, year ending Dec. 31, 1897. — See tabulated statement on p. 232.

Earnings— Passenger $873,301 12

Freight 3,210,15068

Mail and Express 203,709 76

Miscellaneous 6,00000

Total ($3,776.75 per mile) $4,292,161 56

Expenses— Conducting Transportation .... $1,247,329 SO
Maintenance of Equipment. . . . 503,784 11
Maint. Way and Buildings. .... 1,042,924 f«
General 118,734 10

Total ($2,562.99 per mile) $2,912,771 57

Net earnings (32.13 p. c.), $1,379,889.59 ; other income, $40,030.75 ; cash assets in 189(>,
$546,694.27—total, $1,966,114.61. Payments: Interest on bonds, $799,400 ; taxes, $136,059.54;
dividends (Nos. 9 and 10, 2 p. c. each), $220,000 ; additions to real estate, $20,781.25; other
expenditures, $472. 25 -total, $1,176,713.04, Balance, surplus, $789,401.57.

231

232

POORS MANUAL OF RAILROADS — NORTHWESTER GROUP.

The company's report presents no regular Profit and Loss Account, the net earnings and
payments therefrom being credited or charged directly to General Balance Sheet.
Statement of operations, etc., for eight years, ending Dec. 31 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles Operated (Average) . .
Passenger Train Miles
Freight Train Miles

1,046.40
1,089,764
1,910,412
585,048
28,537,614
1,447,555
213,417,608
S
716,484
2,430,457
157,042

1,082.00
1,193,941
2,258,607
692,087
31,883,644
1,661,524
255,375,412

798,708
2,928,628
159,003

1,090.45
1,257,341
2,487,600
813.005
35,491,121
1,817,443
292,476.680
$
938,514
3,249,818
166,457

1,134.29

1,276,938
2,304,879
770,533
-38,020,186
1,730,831
275,950,662
$
973,815
3,084,481
166,457

1,134.29
1,264,639
1,784,721
749,371
30,721,098
1.534,364
220,320894
$
831,771
2,737,681
179,377

1,136.29
1,255,539
2,136,678
770,849
34,002,213
1,851,799
291,152,069

874,867
3,439,866
189,599

1,136.47
1,271,715
2,170,413
824,523
34,238,522
1,902,585
297,743766
8
876,147
3,365,928
207,960

1,136.47
1,262,260
1,878,389
826,410
34.299,595
1,890,189
260,510,156
$
873,301
3,210,151
208,710

Passengers Carried

Passenger Miles

Freight (tons) Moved*
Freight (ton) Miles*

Passenger Earnings

Freight Earnings

Miscellaneous Receipts —
Gross Receipts

3,303,983
2,487,835

3,886,339
2,613,643

4,354,789
3,193,141

4,224,753
3,078,435

3,748,829
2,722,217

4,504,332
3,049,960

4,450,030
3,366,732

4,292,162
3,048,882

Operating Expenses
Net Earnings

816,148
775,479

1,272,696

778,056

1,161,648
788,180

1,146,318
810,680

1,026,612
811,280

1,454,372
811,080

1,083,304
807,673

1,243,330
799,400

Interest on Bonds

Surplus Revenue

40,669

3,157 47
2,37753
77994
15.29 p. C.
2.51 C.
1.14C.

5,500,000
14,964,000
369,733
3,223,848
1,320,307

494,640

3,591 81
2,415 56
1,17625
67. 25 p. c.
2.51 c.
1.15c.

5,500,000
15,277,000
553,244
3,223,848
1,818,293

373,468

3,99522
2,92948
1,06574
73.32 p. c.
2.64 c.
1.11 C.
$
5,500,000
15,755,000
403,799
3,223,848
2,195,529

335,638

3,72553
2,714 66
1,01087
72. 86 p. c.
2.56 C.
1.12C.
$
5,500,000
15,805,000
300,454
3,223,848
2,555,454

215,332

3,30584
2,40054
90530
72. 62 p. c.
2.71C.
1.24C.
$
5,500,000
15,805,000
202,369
3,223,848
2,632,257

643,292

3,96508
2,648 91
1,316 17
67.71 p. c.
2.57 c.
1.18 c.
8
5,500,000
15,805,000
284,612
3,223,847
3,158,726

275,631

3,915 66
2,96244
95322
75. 66 p. c.
<s.56 c.
1.13 C.
8
5,500,000
15,805,000
247,655
3,223,847
3,281,129

443,930

3,776 75

2,682 72
1,09403
71.03 p. c.
2.55 c.
1.23C.
8
5,500,000
15,805,000
150.451
3,223,847
3,536,817

Gross Earnings per Mile . .
Gross Expenses per Mile. .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass, per Mile
Av. Rate per Ton per Mile*

Capital Stock

Funded Debt.

Bills and Accounts

Improvement Fund
Income Account

Total

25.377,888
23,727,440
115,592
153,161

777,907

26,352,385
24,177,276
545,444
192,847
780,638

27,078,176
25,270,660
289,455
100,146
788,180

27,384,756
25,586,467
72,895
118,837
810,680
(3) 165,000
172,881
389,039
68,957

27,363,474
25,659,363

87,972.185
25,755,438

28,057,631
25,806,798

28,216,115
26,093,632

Roads and Equipment
Improvements, etc

Other Investments

111,115
811,280
(3) 165,000
153,552
349,681
113,483

147,229
811,080
(3) 165,000
210,889
725,272
157,277

831,164
807,673
(4) 220,000
317,565
561,191
113,240

93,321
799,400
(4) 220,000
359,384
424,668
225,710

Interest Paid

Dividends Paid

Materials

160,537
299,159
144,092

206,865
310,840
138,475

185,154
311,533
133,048

Accounts and Assets. . .

Cash

Total

•-1,377,888

26,352,385

27,078,176

27,384,756

27,363,474

27,972,185

28,057,631

28,216,115

* Only paying freight is included in the above table.

General Balance Sheet, Dec. 31, 1897.

Cost of Road, etc., Con. Co., Dec. 31, 1897.$16,864,113 81
Cost Leased Lines to Dec. 31, 1897:

Iowa C. & West. Ry.... $693,358 53

C. Rapids and Clinton.. 1,283,615 79

Chic., Decorah & Minn. 383,435 61

C. R., la. Falls & N. W. 6,781,386 08

C. R., I. F. * N. W.

(Forest City) 87,771 80—

Dividends Paid in 1897

Coupon Interest Paid in 1897

Bonds and Stocks Owned, etc

Real Estate

Machinery and Fuel Accounts 359,384 58

Sundry Assets and Accounts 424,668 06

Cash on Hand 225,709 90

Total Assets $28,216,115 14

9,229,517 81

220,000 00

799,400 00

66,591 00

26,729 98

Cap'l St'k (auth., $30,000,000; sh., $100) $5,500,000 00

Funded Debt (see below) 15,805,00000

Vouchers, Pay Rolls, & Other Accounts 150,450 79
Additional Improvements & Equipment. 3,223,847 52

Income:

Net Earn. p. Yr. (as above). $1,243,330 05

Lots Leased and Sold 2,20830

Miscellaneous Receipts 37,82245

Balance Income Account.. 2,253,456 03— 3,536,816 83

NOTE.— The amount of funded debt shown above includes
The bonds outstanding amount to $15,763,000, as shown in the following statement.

Statement of funded debt, Dec. 31, 1897 :

Total Liabilities £28,216,115 14

the company.

DESCRIPTION.

Interest.

Date of Issue.

Date of
Maturity.

Amount.

1st Mto-e., B , C. R & N Ry , Currency

5 p. c , June <fc Dec.

June 1, 1876

June 1, 1906

$6,500,000

1st Mtge., M. & St. L. RR., Gold, Guaranteed
1st Mtge., C. R., I. F. & N. W., Gold, Guaranteed. .
1st Mtge., C. R., I. F. & N. W., Gold, Guaranteed. .
Consolidated Mtge., B., C. R. & N. Ry., Gold

7 p. c , June & Dec.
6 p. c , April & Oct.
5 p. c , April & Oct.
5 p, c , April & Oct.

June 1, 1877
Oct. 1,1880
Oct. 1, 1880
April 1,1884

June I, 1927
Oct. 1,1920
Oct. 1, 1921
April 1,1934

150,000
825.000
1,905,000
6,383,000

POOR'S MANUAL OF RAILROADS. 233

The 5 p. C. 1st mtge. bonds of the B., C. R. & N. Ry. are secured on 369.5 m. of road, including the
main line from Burlington to Plymouth Junction, 219.7 m., the Muscatine Division, the Milwaukee Division,
and 25 m. of the Pacific Division, from Vinton to Traer. Bonds numbered from 1 to 5,000 are $1,000 bonds;
the remainder $500 each. They are coupon bonds, with privilege of registration. Trustee: Farmers' Loan
and Trust Co.. New York, N. Y.

The Minneapolis and St. Louis bonds are secured on 12.57 m. from Albert Lea to Iowa State Line.
They are $500 each, numbered 1,001 to 1,400 inclusive, being part of an original issue of $1,100,000 1st mtge.
bonds of the M. & St. L. RR. ; principal and interest guaranteed by the B., C. R. & N. Ry. Co. Trustee:
Farmers' Loan and Trust Co., New York, N. Y.

The C. R., I. F. d N. W. 6 p. c. bonds are mtge. on 55 m. of road, from Holland to Clarion, la. They
are $1,000 gold bonds, redeemable at 105 and accrued interest. Guaranteed principal and interest by the B.,
C. R. & N. Ry. Co. Trustee: Central Trust Co., New York, N. Y.

The C. R., I. F. d N. W. 5 p. c. bonds are mtge. on 484.35 m., from Holland, la., to Watertown,
S. D., including branches. They are $1,000 gold bonds, and $825,000 (Nos. 1 to 825) are reserved to retire the
6 p. c. bonds noted before. Authorized issue, $4,000,000, being at the rate of $15,000 per mile. Trustee:
Central Trust Co., New York, N. Y.

The B., C. R. d N. consols are issued at the rate of $15,000 per mile of single track and $7,500 addi-
tional per mile of double track, to build new roads, and are secured by 1st mtge. bonds of roads built as
follows: $3,063,000 5s C. R., I. F. & N. \V. (in addition to above $1,905,000); $1,200,000 Cedar Rapids and
Clinton bonds, on 81.6 m.; $348,000 Chicago, Decorah and Minn, bonds, on 23.25 miles. The consols are in-
tended to retire all prior issues. During 1896, $584,000 additional of these bonds were issued in retiring a
like amount of I. C. & W. 1st 7s of 1909 (see MANUAL for 1896). They are $1,000 gold coup, or registered
bonds. Coupon bonds may be registered as to principal or may be exchanged for $5,000 registered certificates.
Trustee of bonds: Central Trust Co., New York, N. Y.

Interest on the several issues of bonds payable at the office of the Central Trust Co.,
New York, N. Y.

Directors. — Term expires in 1899: R. R. Cable, Chicago, 111.; C. P. Squires, Lyman
Cook, Burlington, la.; A. Kimball, F. H. Griggs, Davenport, la. Term expires in 1900:
Geo. W. Cable, Davenport, la.; Thos. Hedge, Burlington, la.; J. Carskadden, Muscatine, la.;
C. J. Ives,- Cedar Rapids, la. Term expires in 1901 ; J. C. Peasley, W. G. Purdy, W. H.
Truesdale, Chicago, 111.; J. W. Blythe, Burlington, la.

Executive Committee : J. W. Blythe, Burlington, la.; J. C. Peaaley, R. R. Cable, W. G.
Purdy, Chicago, 111. ; C. J. Ives, Cedar Rapids, la.

R. R. CABLE, Chairman of the Board Chicago, 111.

C. J. IVES, President Cedar Rapids, la.

Robert Williams, Vice- President & General Supt " " "

Treasurer— K. H. Hollister New York. N. Y. | See. & Asst. Treas.-S. 8. Dorwart. . .Cedar Rapids, I*.

General Auditor— J. C. Broeksmit Cedar Rapids, la.

PRINCIPAL OFFICE AND ADDRESS Cedar Rapids, lr.

Fiscal Agency.in New York City Central Trust Co-

CHICAGO GREAT WESTERN RAILWAY COMPANY.

C Chicago, 111., to St. Paul, Minn., via Oelweiu, la 400.26 miles.

v • TJ v T> A } Oelwein, la., to St. Joseph, Mo., via Des Moines 289.58

Main Lines of Road : 1 Bee Cre^k Mo to BeveFrl;; Mo[ 33.00 «

[Hayfield, Minn., to Manly June., la 47.20

Hampton Branch : Sumner, la., to Hampton, la 63.95 m.

Cedar Falls Branch : Wilson June., la., to Cedar Falls, la 7.48 m.

Mantorville Branch : Eden, Minn., to Mantorville, Minn 7.57 m.

DeKalb Branch : Sycamore to DeKalb, 111 5.81 m.— 84.81

Trackage — For particulars see paragraph below 8 1.66

Total mileage owned, leased and operated, June 30, 1897 929.51 miles.

Average mileage operated during the fiscal year 928.02

2d track, 4.4 m.; sidings, 161.92 miles. Gauge, 4 ft. 8£ in. Kail (steel), 56, 60, and 75 Ibs.

The mileage operated under trackage arrangements on June 30, 1897, was made up of the following
lines and parts of lines: St. Paul and Northern Pacific Ry., Minneapolis to St. Paul, Minn., 10.56 m. ; M. &
St. L. Ry., 0.13 m.,Dunleithand Dubuque Bridge Co., Dubuque, la., to East Dubuque, 111., 0.59 m. ; Illinois
Central RR., East Dubuque to Portage Curve, 111., 13.23 m. ; C. B. & N. RR., Portage Curve to Mken, 111.,
1.85 m.; Chicago Terminal Transfer Ry. (Chicago Terminals), Forest Home to Chicago, 111., 10.18 m. ; Des
M. lines Union Ry., in Des Moines, la., 2.26 m. ; Des Moines and Kansas City Ry., in Des Moines, la., 0.44 m.;
K. C.. St, J. & C. B. Ry., in St. Joseph, Mo., 0.81 m.; St. Joseph Terminal Co., in St. Joseph, Mo., 0.39 m.;
A., T. & S. F. Ry., St. Joseph to Bee Creek, Mo., 7.63 m.; C., R. I. & P. Ry., Beverly to Stillings, Mo.,
::.59 m.; Leavenworth Terminal Ry. and Bridge Co., across the Missouri River at Leavenworth, 1.36 m. ; A.,
T. & S. F. Ry., Leavenworth to Soldiers' Home, 3.73 m. ; K. C., W. & N. W. RR., Soldiers' Home to Kansas
Citv, Mo., -iT.l'l in.— total, 84.CG miles.

234

POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

History. — Chartered Jan. 5, 1892, under the laws of the State of Illinois. Created for
the purpose of reorganizing the Chicago, St. Paul and Kansas City Ry. Co. on a stock basis.
The original authorized capital of the company was as follows : $15,000,000 4 p. c. debenture
stock, interest payable half yearly in gold ; $15,000,000 5 p. c. preferred stock "A," dividend
contingent on earnings, payable half yearly in gold ; $10,000,000 4 p. c. preferred stock " B,"
dividend contingent on earnings, payable in gold ; $30,000,000 common stock. A.n outline of
the plan of reorganization was published in the MANUAL for 1895, which see.

Under this plan the following securities of the Chicago, St. Paul and Kansas City Ry.
Co. had been exchanged to June 30, 1897 :

1st Mtge.
Bonds.

(Jen. Mtge.
Bonds.

Income
Bonds.

Stock.

Total.

Amount exchanged ....

$
18,595,090

$
4,841,000

•
4,734,300

14,541,750

$

42,712,050

Amount not exchanged

359,000

45,008

247,400

351,150

1,002,550

Total

18,954,000

4,886,000

4,981,700

14,892,900

43,714,600

The capital issued by the Chicago Great Western Co., in exchange for securities of the
C., St. P. & K. C. Co., to June 30, 1897, was as follows :

In Exchange for following Securities of
C., St. P. & K. C. Ry. Co.

4 p. c.
Debenture
Stock.

5 p. c.
Preferred
Stock "A."

4 p. c.
Preferred
Stock " B."

Common .
Stock.

Total.

For $18 594 000 First Mtge. Bonds

9,297,500

11,157,000

$

$

20,454,500
4,841.000
2,373,500
11,829,400
5,321,200
1,356,145
2,603,190

2,298,900
454,100

4,841,000 General Mtge. Bonds

4,841,000

1,186,750 Income Bonds, assessment paid . .

2,373,500
11,829,400
5,321,200
1,356,145

11,829,400 Stock, assessment paid

3,547,550 Income B'ds, assessment not paid..

"

2,712,350 Stock, assessment not paid

1,301,615 Cash, assessment paid

2,603,190

Issued to holders of 4 p. c. Debenture and 5 p. c.
Preferred A Stocks who subscribed for 12J p.
c. of their holdings, payable in cash, for new
Debenture Stock at 80, undtr the resolutions
adopted at the extraordinary general meeting of
the holders of these two classes of stock in
London, April 24, 1894

2,298,900
454,100

Issued for redemption of Dividend Warrants issued
in payment, of Dividends on Debenture Stock to
holders of 4 p. c. Debenture Stock and 5 p. c.
Preferred Stock A, who did not elect to make
cash subscriptions of 12J p. c. on their holdings
of 4 p. c. Debenture and 5 p. c. Preferred A
Stocks

Total .

12,050,500

11,157,000

7,444,190

20,880,245

51,581,935

On Jan. 12, 1898, and on June 2, 1898, it was voted to increase the authorized issue of 4
p. c. debenture stock from $15,000,000 to $30,000,000 to provide the means for redeeming "at
the discretion of the finance committee, from time to time, as opportunity offers, at or before
maturity any or all of the liabilities of the company, which are a charge prior to the 4 p. c.
debenture stock ; " also for improvements, betterments, etc.

The branch line from Sycamore to DeKalb, 111., 5.81 m., was built by the DeKalb and
Great Western Ry. Co., and its entire stock is owned by the C. G. W. Ry. Co. (see statement
on p. 236). During the past fiscal year an extension of the branch line from Wasioja to Man-
torville, Minn., a distance of 3.57 miles, was completed and opened for traffic.

Rolling Stock, June 30, 1897. — Locomotives, 147. Cars — passenger, 48 ; suburban, I ;
cembination, 9 ; baggage, etc., 18 ; milk, 4 ; dining, 3 ; official, 1 ; business, 1 ; freight (box,
3,770 ; stock, 450 ; flat, 255 ; coal, 3S3 ; furniture, 240 ; refrigerator, 11 ; caboose, 85), 5,144;
other, 318 — total cars, 5,550. Fifty of the locomotives, 16 of the passenger cars, 7 baggage,
etc., cars, 2,000 box cars, and 240 furniture cars are leased from the Ry. Equipment Co.

POORS MANUAL — CHICAGO GREAT WESTERN RY. CO.

235

Operations, year ending June 30, 1897. — See tabulated statement following.

Expenses

Earnings— Passenger S93S,592 19

Freight 3,549,010 62

Mail 101,287 88

Express 77,700 00

Miscellaneous 14,268 82

Total ($5,043.93 per mile) $4,680,859 51

Net earnings (26.77 p. c.), $1,253,271.65.

Conducting Transportation $4,781,268 67

Maintenance of Equipment 466,997 38

Agencies, Commissions, etc. 179,557 21

Maintenance Way & Buildings.. 676,025 95

General 333,738 65

Total ($3,693.44 per mile) $3,427,587 86

Payments : Interest on priority loan, $141,-

157.50; on debenture stock (cash, $364,541; scrip, $118,411) $482,952; on equipment lease
warrants, $92,222.98 ; on company's proportion as joint owner of bonds issued by other com-
panies (St. Paul Union Depot Co., $2,944.42 ; Minnesota Transfer Ry. Co., $5,600), $8,544.42;
on indebtedness of DeKalb and Great Western Ry. Co., $2,460 ; on sterling and temporary
loans for capital for improvements, $69,594.34 ; taxes, $153,000 ; rentals (see details follow-
ing), $330,979.10— total, $1,280,910.34. Deficit, $27,638.69 ; deficit forward, $208,568.25—
total, $236,206.94.

"Rentals" in the above income account consists of the following: Chicago terminals,
$156,050 ; Des Moines terminals, $10,494.62 ; Dubuque Bridge, $30,000 ; 111. Central RR.
tracks, $21,077.40 ; C., B. & N. RR. tracks, $3,147.84 ; St. P. & North. Pac. RR. tracks, $37,-
486.35 ; St. Joseph to Kansas City, $70,457.89 ; Des Moines and Kansas City Ry. tracks,
$1,485 ; Minn, and St. Louis Ry. tracks, $600 ; Chicago and Northwest. Ry. tracks at DeKalb,
$180— total, $330,979.10.

Statement of operations, etc., for eight years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Av. M. Op'ated.
Pass. Train M..
F'g't Train M..
Pass. Carried...
Pass. Miles —
F'g't(t'ns)Mov'd
F'g't (ton) Miles

844.76
1,358,562
3,107,999
1,217,175
42,081,253
1,483,238
423,789,894

886.90
1,344,110
2,620,241
1,189,713
42,970,824
1,388,638
391,436,813

922.45
1,398,720
2,752,659
1,164,762
45,451,145
1,537,861
459,759,903

922.45
1,445,965
2,908,898
1,161,051
43,506,258
1,588,598
484,357,569

922.45
1,388,331
1,775,801
1,007,277
43,640,424
1,233,523
335,648,771

922.45
1,684,015
1,887,068

Not
j reported.

927.29
1,891,173
1,941,615
{ 1,034,761
J 39,869,80&
1 1,876,579

928.02
2,004,210
2,006,830
966,663
40,885,158
1,469,215

Gross Earnings.
Operating Exp.

$

4,225,664
3,178,885

4,360,851
3,285,340

5,024,740
3,664,677

5,083,014
3,955,175

4,011,710

2,882,897

3,636,099
2,816,749

4,709,821
3,310,243

9

4,680,860
3,427,588

Net Earnings.

Interest Paid . . .
Rent.Tr'ks.,etc.
Debent. Divi'ds

1,046,779

54,589
296,235

1,075,511

92,275
355,292

1,360,063

128,816
477,037

1,127,839

260,400
364,846
(4) 379,080

1,128,813

166,748
454,962
(4) 879,080

819,350

167,520
448,616
(4) 453,776

1,899,578

186,491
436,605s
(4) 470,490

1,253,272

813,979
330,979

(4) 482,952

Taxes

87,000

93,000

100,000

108,000

120,000

120,000

144,000

153,000

Total Paym'ts
Balance ( + or— )

GrossEarn.p.M.
Gross Exp. p.M.
Net Earn. p. M.
Exp. to Earn'gs
Av Ratep.P.-M.
Av Eatep T -M

437,824
+ 608,954

5,002 00
3,763 00
1.239 00
75.22 p. c.
2.02 c.
0.72 c

540,567
+ 534,943

4,916 96
3,704 29
1,212 67
75.34 p. c.
2.20 C.
079c

705,853
+ 654,209

5,447 17
8,972 76
1,474 41
72.93 p. c.
2.19 c.
0 80 c

1,112,336
+ 15,518

5,510 34
4,287 68
1,222 66
77.81 p. C.
2.25 c.
0.77 c.

1,120,785
+ 8,028

4,348 97
3,125 26
1,823 71
71 .86 p. C.
2.03 c.
0.82 c.

1,189,912
-370,5«2

8,941 78
3,053 55
88828
77.47 p. c.

1,237,588
+ 161,994

5,079 12
3,569 80
1,509 32
70.28 p. C.
2.14 c.

1,280,910
- 27,639

5,043 92
3,693 44
1,350 48
73.23 p. c.
2.02 c.

General Balance Sheet, Revenue Accounts, June 30, 1897.

Sundry Suspense Accounts (Balance) $190,353 48

Temporary Loan to Capital Accounts 74,938 23

Current Accounts Receivable 304,55813

Interest Accrued on Securities Owned 1,767 50

Bonds Minnesota Transfer Ry 822 33

Cash on Hand 125,765 83

Materials and Supplies 209,77191

Cash in Suspended Bank 20,95111

Cash in London to Pay Int. on 'Priority

Loan 70,578 75

Cash in London to Pay Div. on 4 p. c..

Deb. Stock 196,66000

Cash and Scrip in London to pay Div.
from Jan. 15, 1893, to Jan. 15, 1807, on
4 p. c. Deb. Stock, yet issuable in ex-
change for 1st Mtge. Bonds 32,310,00

Income Balance, June 30, 1896 236,206 94

Total , $1,464,684 21

Current Accounts Payable $1,092,966 07

Int. on Priority Loan, due July 1, 1897.. 70,578 75

Interest Maturing on Floating Debt 3,128 72

Interest Maturing on Sterling Loan 21,100 67

Dividends due Jan. 15, 1893, to Jan. 15, -
1897, on 4 p. c. Debenture Stock (not
yet issued but issuable in exchange for
1st Mtge. Bonds) 32,810 00

* Dividend payable July 15, 1897 196,660 00

* Dividend payable July 15, 1897, payable
in Debenture Stock at par on 4 p. c.
Deben. Stock issued and issuable under
plan of reorganization in exchange for

1st Mtge. Bonds , 47,940 00

Total $1,464,684 21

* Paid July 15, 1897.

236

POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

Income Account, Supplementary Statement, 10 months ending April 30, 1898. — Gross
earnings, $4,467,664.77. Operating expenses, $3,115,822.44. Net earnings, $1,351,842.33.
Deduct for fixed charges, $1,131,263.92. Surplus, $220,605.41, as against a deficit of $25,-
179.81 for the corresponding period of the previous fiscal year.

General Balance Sheet, Capital Accounts, June 30, 1897.

Cost of Roll'g Stk. Owned. $2,:
Cost of Roll's Stk. Leased. 1,'
Cost of Road, including

585,931 70
r84,638 83— $4,170,570 53

52,009,070 02
66,500 00

9,310 00
79,800 00

9,600 00
1,972 50

52,827 77

111,253 63
568,005 94
50,000 00

59,628 16
116.586 79

881,565 00

Four p. c. Debenture Stock
in Treasury

Dividend Warrants redeem-
able in Deb. Stock in
Treasury

Five p. c. Preferred Stock
"A" in Treasury

Four p. c. Preferred Stock
"B" in Treasury

Common Stock in Treasury
Interest in Chicago Union
Transfer Ry

Stock of DeKalb and Great
Western Ry. Co

Stocks of Other Companies.
Cash in Banks

Cash with Finance Com-
mittee in London

Accounts and Bills Receiv-
able

Sundry holders of 4 p. c.
Debenture Stock and 5 p.
c. Preferred Stock " A "
who did not make a cash
subscription of 12J p. c.
of their holdings of those
stocks and therefore will
receive Debenture Stock
at par until they have so
received 12J p. c. of their
holdings in payment of
Interest and Dividends as
they mature (contra).,..

Total...

...$57.686.690 34

$2,823,150 00

1,127,177 55

100,00000

65,775 00

63 99—12,116,338 99

Five p. c. Sterling Priority
Loan C., St. P. & K. C. By.

Seven p. c. Equipm't Lease
WarrantsC.,St.P.&K.C.Ry.

Six p. c. Equipment Lease
Warrants C. G. W. Ry

Four p. c. Debenture Stock
on which Dividends are
payable in Cash $9,833,00000

Four p. c. Deben. Stock on
which Dividends are pay-
able in Deb. Stk. at par. 2,217,500 00

Dividend Warrants redeem-
able in Debenture Stock.

Scrip redeemable in Deben-
ture Stock at par ,.

Five p. c. Pref. Stock "A"
on which Dividends are
payable in Cash 8,034,40000

Five p. c. Pref. Stock "A"
on which Dividends are
payable in Scrip 3,122,600 00—11,157,000 00

Four p. c. Pref. Stock "B" 7,444,190 OC

Common Stock 20,880,245 00

Sterling Loan due in 1901,

£200.000 969,696 96

Sterling Loan due in 1902,

£92,900 450,424 23— 1,420,121 19

Due on Stk. Chicago Union
Transfer Ry 40,000 00

Current Bills payable 80,964 38

Balance unpaid on subscrip-
tion to Stock of DeKalb
& Great West. Ry. Co.,
payable in 1897 and 1898.

Temporary Loan from Rev-
enue Accounts

Dividend Warrants redeem-
able in Deb, Stk. (contra)

41,000 00—

161,964 88
74,938 23

381,565 00
Total $57,686,690 34

NOTE.— In addition to the amount of stocks shown as outstanding, there is issuable, in exchange for
securities of the C., St. P. & K. C. Ry. Co., which are still outstanding, viz.: 4 p. c. debenture stock,
$179,500; 5 p. c. preferred stock " A," $215,400; 4 p. c. preferred stock " B," $45,000; common stock. $546,675
— total, $986,575, which as issued will be .charged to -cost of the property.

STOCK PREFERENCES.—" On the 15th day of Jan., 1893, and on every 15th day of July and Jan. thereafter,
the company agrees to pay in gold, to the holders of record on the last day of the preceding Dec. and June
of the 4 p. c. debenture stock, 2 p. c. interest for the preceding half-year, making an aggregate of 4 p. c.
per annum. In consideration of this guaranteed interest, the holders of said stock shall not be entitled to
participate further in the earnings of the company; but it is expressly agreed that no dividends shall be
paid upon any subordinate stocks of the company until all accrued interest upon the 4 p. c. debenture stock
shall have been paid or provided for.

" As to the preferred stock A, inasmuch as the financial year runs from July 1 to June 30, and the net
earnings are usually more in the half-year ending Dec. 31 than in the half-year ending June 30, the company
shall, so soon as practicable, make up an accurate statement of its earnings and expenses for each half-year,
and the balance of earnings over expenses shall be considered the net earnings of the company for that half
year. Out of such net earnings in each half-year all prior charges and interest on the debenture stock shall
be paid or provided for. The surplus in the half-year ending Dec. 31, up to an amount sufficient to pay 2J
p. c. dividend in gold on the 5 p. c. preferred stock A, shall be applied for that purpose, and any further
surplus shall be carried forward to the next half-year, the ultimate balance of net earnings in each year
ending June 30, after payment of interest on the debenture stock and 5 p. c. in gold on preferred stock A,
being applicable to dividends upon the 4 p. c. preferred stock B and the common stock of the company.

" In case of liquidation, the net assets of the company shall be applicable to the payment in gold of
the capital of the different classes of stocks or securities in the s^nie order of priority as the interest or
dividends on such stocks or securities are provided to be paid."

Trustee for debenture and preferred "A" stock : Manhattan Trust Co., New York, N. Y.

DeKalb and Great "Western Ry.— Syca-
more to DeKalb, 111., 5.81 miles. Gauge, 4 ft. 8} In.
Rail (steel), 60 Ibs. Chartered March 11, 1895; road
opened Sept. 1, 1895. Capital stock— all owned by
the C. G. W. Ry. Co. (shares, $100) authorized
and subscribed, $100,000; paid in, $79,500; bills pay-

able, $20,500; due Chicago Gt. West. Ry. Co., $11,-
754 — total, representing cost. $111,754. John L.
Pratt, Pres., Sycamore, 111.; E. C. Lott, Vlce-Pres.,
DeKalb, 111.; R. C. Wight, Sec. & Treaa., St. Paul,
Minn. General Office, Chicago, 111.

POOR'S MANUAL OF RAILROADS.

237

Board of Directors, Chicago Great Western By. Co. elected Sept. 9, 1897.

Term Expires Sept., 1898.

A. B. Stickney St. Paul, Minn.

F. Weyerhaeuser. . . .

Arnold Kalman " "

Term Expires Sept., 1899.
H. E. Fletcher... Minneapolis, Minn.
Maurice 8. Wormser.'Nexv York,N.Y.
A. Oppenheim St. 1'uul, Minn.

Term Expires Sept., 1900.

C. W. Benson St. Paul, Minn.

J. W. Lusk "

Samuel C. Stickney.. "

A. B. STICKNEY, President St, Paul, Minn.

Ansel Oppenheim, Vice- President

C. W. Benson, Vice-President " ."

Arnold Kalman, Vice-President.

V.-P. & Aud. Rev. Accts.—Vf. B. Bend. St. Paul, Minn. See. & Aud. Cap. Accts.—Tt. C. Wight.. St. Paul, Minn-
Treasurer— C. O. Kalman " Gen. Manager— Samuel C. Stickney. ... " "

PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.

DULUTH AND IRON RANGE RAILROAD COMPANY.

Main Line of Road. — Duluth, via Two Harbors to Ely, Minn. .113.40 m.

Tower Branch: Tower June., Minn., to Tower, Minn 1.40 m.

Virginia Branch : Allen June, to Virginia, Minn 25.30 m.

Auburn Mine Branch : Mariska to Eveleth 4.94 m.

Fayal Branch : McKinley to Fayal, Minn 8.53 m.

Mine Branches : Main line to Mines and industries 20.63 m.

Trackage : St. P'l & Dul. RR. : Un. Dep. to 5th Av. E. Duluth, Minn. 0.80 m.— 175.00 miles.
2d track, 10.13 m; sidings, etc., 72.09 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 and 80 Ibs.

History. — Chartered Dec. 21, 1874. Received from the State a swamp land grant of 10
sections to the mile on line from Duluth to Tower. (See MANUAL for 1894.) The Fayal
branch was completed and opened in June, 1895. In November, 1897, the authorized amount
of capital stock was increased from $3,000,000 to $10,000,000.

Rolling Stock, June 30, 1897. — Locomotives, 58. Cars — passenger, 12 ; baggage, mail
and express, 2; freight (box, 85 ; flat, 271 ; stock, 2 ; coal, 15; ore, 2,298 ; caboose, 38), 2,709;
other cars, 30 — total cars, 2,753.' Also 2 tugboats.

Operations, year ending June 30, 1897 (average, 174.20 miles). — Train mileage — passen-
ger, 115,382; freight, 533,452; other, 204,728— total, 853,562 miles. Passengers carried, 61,.
228 ; carried one mile, 2,443,324 ; average mile rate, 2.80 cents. Tons freight moved, 2,333,-
350 ; moved one mile, 164,060,195; average ton-mile rate, 1.14 cents.

Earnings— Passenger $68,607 58

Freight 1,874,544 96

Mail and Express 15,392 58

Miscellaneous 5,327 42

Total ($11,273.60 per mile) $1 ,963,872 54 Total ($5,087.74 per mile)

Expenses — Conducting Transportation $330,850 15

Maintenance of Equipment 132,588 25

Maintenance Way and. Buildings. 355,168 91
General 67,677 38

Net earnings (54.86 p. c.), $1,077,587.85 ; add interest, $76,389.25 ; dockage, $4,981.91—
total income, $1,158,959.01. Payments: Interest on bonds, $721,600 ; taxes, $59,393.81;
permanent improvements, $9,540.44— total, $790,534.25. Surplus, $368,424.76 ; surplus for-
ward, $2,351,872.46— total, $2,720,297.22.

Capital stock,

bonded debt, gross and net revenues for eight

fiscal years :

Years.

Capital
Stock.

Bonded
Debt.

Cost RR.
and
Invest-
ments.

RR.
Oper-
ated.

Gross
Earn-
ings.

Ex-
penses
and
Taxes.

Net
Earn-
ings.

Net
In-
come.

Inter-
est on
Bonds.

Total
Pay-
ments.

Sur-
plus
for
Year.

S

$

$

Miles.

s

S

S

ft

S

S

$

1890.. .

500,000

4,531,000

8,847,012

115.75

1,037,699

553,443

484,256

490,399

218,200

293,552

196,847

1891

500,000

4,531,000

8]883,'749

115.60

1,' 039,' 082

534*465

504,617

511,335

218,200

229,'622

281^713

1892

500,000

4,531,000

9,259,988

128J2

11-333^737

595,370

738,367

750,336

218,200

661,181

89,155

1893

500.000

5,209,000

10.648,637

143.03

1,535,167

705,491

829,676

841,102

228,347

450,593

390,509

1894...

500,000

5,758,000

10,994,151

159.38

1 '336*631

570,034

766,597

792,512

273,568

494,202

298*310

1895.

500,000

5,758,000

11,291,944

164.32

1,576,267 „,-,_._

«U2TO

741 Qflfi

747,247

274,960

484,545

262.702

1896

500000

6,332,000

12,176,237

172 85

2,301,455 1,153,7791,147,6761,

17fi 677

310 7P2

968 086

588591

1897....

, 500.000

11.832.000

12.'333.'236

174.20

l'963.'«73 945.'fi79 1.018.194 1.099.565

721.600

731.140

368.425

Financial Statement, June 30, 1897.— Capital stock (auth., $3,000,000 ; shares, $100),
$500,000 ; funded debt (see below), $11,832,000 ; bills payable, $244,000 ; current accounts,
$16,794.15 ; other liabilities, $56, 818. 57 ; accrued interest on funded debt, $218,474.99 ; taxes

238 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

accrued, $25,584.13; tug replacement account, $7,899.05; ore dock replacement account,
$70,132.33 ; fire insurance fund, $14,773.04 ; profit and loss, $2,720,297.22— total, $15,706,-
773.47. Contra: Cost of road, $10,317,657.53; equipment, $2,011,881.38; real estate, etc.,
$3,697.12 ; materials and fuel, $142,600.75 ; swamp land grant account, $70,401.54 ; bills re-
ceivable, $407,712.31 ; current accounts, $1,413,919.57 ; cash and current assets, $1,338,903.27
—total, $15,706,773.47.

Funded debt (total, $11,832,000) consisted June 30, 1897, of the following :

1st mtge. 5 p. c. 50-yr. coup. ($1,000) & reg. ($1,000 & $5,000) cy. bds., due O. 1, 1937, int. A. & O.. $6,332.000
2d mtge. 6 p. c. 20-yr. lawful money $1,000 coup, bonds, due Jan. 1, 1916, interest Jan. 1 & July 1. 5,000,000
1st mtge. 5 p. c. 20-yr. $5,000 reg. land grant bonds, due March 1, 1917, interest yearly 500,000

Of the 1st mtge. bonds, $3,500,000 were issued on the road from Duluth and Tower, and the balance of
them at the rate of $25,000 per mile for additional road, $7,000 per mile for equipment, and $12,000 per mile
for double main track. Thess bonds are secured on the entire property of the company except the swamp
lands. Interest payable at company's office, Mills Building, New York, N. Y. Trustee : Metropolitan Trust
Co., New York. N. Y.

The authorized amount of 2ds is $5,OCO,000, secured by mtge. to the Central Trust Co., New York,
N. Y,. of all the company's property except swamp lands. They were issued for the purpose of retiring the
$3,500,000 income certificates (see MANUAL for 1897, p. 230), for the payment or funding of any outstanding
obligations of the railroad company, and for the improvement and further equipment of the lines of the
company, for the purchase, construction, and improvement of ore and merchandise docks and terminal facili-
ties, and for other corporate purposes. Interest payable at company's office, New York City.

The land grant bonds are secured on the company's swamp lands granted by the State of Minnesota;
authorized amount, $500,000. Interest payable at the company's office, New York City. Trustee Walter F.
Cobb, Chicago, 111.

Directors (one class elected yearly, in June, to serve for three years). — Term expires i.\
1898: Charlemagne Tower, Philadelphia, Pa.; M. J. Carpenter, C. P. Coffin, Chicago, 111.;
D. H. Bacon, Tower, Minn. Term expires in 1899 : D. 0. Mills, H. M. Flagler, New York,
N. Y. ; C. W. Hillard, Chicago, 111. ; Joseph Sellwood, Duluth, Minn. Term expires in 1900 :
H. H. Porter, Marshall Field, J. H. Chandler, Chicago, 111.; Geo. S. Brewster, New York,
N. Y. ; J. L. Greatsinger, Duluth, Minn.

J. L. GREATSINGER, President and General Manager Duluth, Minn.

C. W. Hillard, \st Vice-Pres., Sec. & Treat Chicago, 111.

Zd Vice-Pres.— Joseph Sellwood Dulnth, Minn. | As. Sec. & At. Treas.—\. J. Paterson.New York, N. Y;

Auditor— A. H. Viele Duluth, Minn.

PRINCIPAL OFFICE AND ADDRESS Duluth, Minn.

DULUTH, SUPERIOR AND WESTERN RAILWAY COMPANY.

Line of Road. — New Duluth, Minn., to Deer River, Minn ................. 100.0 miles.

m (N. W. CoalRy.: New Dulnth, Minn., to Belt Li. Jc., Superior, Wis. 12.0 "

Irackage: -J SL paul and ])uiutfi £R ; s\loli Line park to Duluth, Minn. ..... 11.3 "

Total length of lines operated, June 30, 1897 .............................. 123.3 miles.

Sidings, etc., 10. 9 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibe.

History. — Chartered Sept. 15, 1896, and succeeded, Dec. 1, 1896, to the property and
franchises, etc., of the Duluth and Winnipeg RR. Co., sold under foreclosure on July 25,
1896, and purchased on behalf of the reorganization committee for $2,373,719. (See MANUAL
for 1896, p. 303.)

Rolling Stock, June 80, 1897. — Locomotives, 5. Cars — passenger, 6 ; freight (box, 10 ;
flat, 50), 60 ; caboose, 5 — total, 71.

Operations, year ending June 30, 1897. — Train mileage — passenger, 63,937 ; freight,
78,807— total, 142,744. Passengers carried, 26,300; carried one mile, 1,201,007 ; average
mile rate, 2.86 cents. Tons freight moved, 318,978 ; moved one mile, 22,339,968. Earn-
ings—passenger, $42,940 ; freight, $202,926 ; other, $1,828— total, $247,694. Operating
expenses — conducting transportation, $123,642 ; maintenance of equipment, $9,300 ; main-
tenance way and structures, $43.201 ; general expenses, $9,920 — total, $186,063. Net earn-
ings, $61,680 ; other receipts, $421— total, $62,051. Payments : Interest on bonds, $60,000 ;
other interest, $10; taxes, $1,465— total, $61,475. Surplus, $576.

Financial Statement, June 30, 1897. — Capital stock (shares, $100) preferred (auth.,
$1,500,000); paid in, $1,000,000 ; common (auth., $1,500,000) paid in, $1,000,000 ; funded

POOR'S MANUAL OF RAILROADS. 239

debt, $1,500,000; current liabilities, $109,172.52; profit and loss, $575.97— total, $3,609,-
748.49. Contra : Cost of road, $3,500,080.62 ; cash and current assets, $105,463.87 ; materials
and supplies, $4,204 — total, $3,609,748.49. Funded debt consists of 1st mtge. 4 p. c. 100-yr.
$1,000 bonds, due July 1, 1996, interest Jan. and July at Third National Bank, New York,
N. Y. The bonds are secured- by mtge. to the New York Security and Trust Co., New York,
N. Y., trustee of all the property and franchises of the company. The issue of bonds under
this mtge. is in the first instance limited to $2,000,000, but bonds may be issued thereunder,
in the future, for any branches or extensions, at a rate not exceeding $20,000 p. m. of com-
pleted road at any time owned by the new company, in excess of 100 miles. Preferred stock
is entitled to non-cumulative dividends at the rate of 5 p. c. per annum, payable, if earned,
out of the net earnings of the company, after payment of all prior charges, but before pay-
ment of any dividends on common stock. The balances ($500,000 each) of the authorized
issue of both classes of stock shall be issued only for new or additional considerations, as
authorized by law.

Directors (elected June 2, 1897).— William F. Fitch, Marquette, Mich.; Chas. P. Eckels,
Charles Litzky, Geo. C. Hamilton, Minneapolis, Minn.; Robert L. Knebel, S. R. Lewis,
Dulutb, Minn.; Leonard A. Larson, H. E. Huntington, Frank Jones, St. Paul, Minn.

WILLIAM F. FITCH, President and General Manager Marquette, Mich.

D. M. Philbin, Vice-Pre». & Gen. Supt Dulath, Minn.

Treasurer— E. W. Allen Marquette, Mich. ! Secretary— Benj.vWhitely. .44 Wall St.vNew York,-N. Y.

PRINCIPAL OFFICB AND ADDRESS Duluth, Minn.

IOWA CENTRAL RAILWAY COMPANY.

( Albia, la., to Manly Junction, la 178.10 m.

Main Lines of Road : •] Oskaloosa to Mississippi River 95.13 m.

( Missispippi River to Iowa June., Ill 88.66 m. — 361.89 miles.

Montezuma Branch .' G. & M. Junction to Montezuma, la 18.61 m.

State Center Branch : Newburg to State Center, la 26.64 m.

Story City Branch : Minerva Junction to Story City, la 84.51 m.

Belmond Branch : Hampton to Belmond, la 22.20 m.

Newton Branch : New Sharon to Newton, la 27.75 m.

Lynnville Branch : Lynnville Junction to Lynnville, la 2.50 m.

Northwood Branch : Manly Junction to Northwood, la. . . 11.38 m.

Branch to Coal Mines : Carbon Junction to Carbonado, la 2.43 m. — 141.02 "

Leased : Keithsburg Bridge Co.: Tracks at Mississippi River 2.57 "

Trackage : Peoria and Pekin Union My.: Iowa Junction, 111., to Peoria, 111. . 3.50 "

Total length of lines owned and leased, June 30, 1897 508.98 miles.

Sidings, etc. (owned, 89 38 m. ; leased, 0.19 m.; trackage, 1.71 m.), 91.28 miles. Gauge, 4 ft.
8| in. Rail— iron, 56 ; steel (owned, 518.67 m.; leased, 2.76 m.— total, 521.43 m.), 60 and 70
Ibf.

History.— Reorganization in 1888 of the Centra] Iowa Ry. Co. (See MANUAL for 1890.)
The line from Manly June, to Northwood, la., 11.38 m., was leased to the Burlington, Cedar
Rapids and Northern Ry. Co. until May 1, 1896; since then it has been operated jointly by its
ownera (la. C. Ry. Co.) and the B., C. R. & N. Ry. Co.

Rolling Stock, June 30, 1897. — Locomotives, 60. Cars — passenger, 26 ; baggage, mail
and express, 5 ; freight (box, 1,111 ; coal, 616 ; stock, 28 ; furniture, 71), 1,826 ; caboose, 36;
service, 51 — total cars, 1,944. -

Operations, year ending June 30, 1897. — See tabulated statement on p. 240.

Earnings— Passenger $305,549 66

Freight 1,186,59273

Mail and Express 70,555 77

Miscellaneous 1,506 61

Total ($3,073.20 per mile) $1,564,204 77

Expenses — Conducting Transportation $555,110 42

Maintenance of Equipment 133,767 92

Maintenance Way & Structures 321,358 54

General 89,92382

Total ($2,161.49 per mile) $1,100,160 70

Net earnings (29.67 p. c.); $464,044.07; add rental, $.7,787.08— total, $471,831.15. Pay-
ments : Interest on bonds, $317,287.51 ; other interest, $454.79 (credit) ; taxes, $63,482.83 ;

240

POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

rentals, $57,960; improvements (net), $30,053.82— total, $468,329.37. Surplus, $3,501.78;
surplus forward, $530,702.08— total, $534,203.86.

Statement showing operations and income account for seven years ending June 30 :

1891

1892

1893

1894

1895

1896

1897

Miles RB. Operated...
Passenger Train Miles
Freight Train Miles...
Passengers Carried . . .
Passenger Miles

492.94
499,192
1,159,230
467,778
11,445,185

497.60
540,790
1,196,500
603,006
13,043,965

497.60
550,903
1,206,270
572,586
13,072,591

497.60
477,573
948,354
447,576
11,405,862

497.60
466.187
803,066
497,498
11,842,757

499.50
616,090
931,355
523,537
12,976,431

508.98
656,528
779,500
505,282
12,571,764

Freight (tons) Moved.
Freight (ton) Miles....

Gross Earnings

1,131,239
137,277,205
$
1,699,742

1,233,406
145,464,106
$
1,888,260

1,355,569
169,700,739
$
1,942,564

1,293,529
164,614,939
$
1,811,567

1,145,688
128,625,630
$
1,569,220

1,196,873
161,054,087
$
1,839,708

1.123,147
134,719,786

1,564,205

Expenses and Taxes

1,288,855

1,412,770

1,433,559

1,259,200

1,110,787

1,222,322

1,163,644

Net Earnings

410,887

475,490

509,005

552,367

458,433

617,386

400,561

Other Receipts — .

16,100

14,270

14,312

14,426

14,751

14,336

7,787

Available Revenue

426,987

489,760

523,317

566,793

473,184

631,721

408,348

Interest Paid

313,680

331,423

340,125

335,246

829,388

321,403

* 316,833

Rentals, etc

91,630

68,108

106,569

85,369

73,838

131,981

88,014

Dividends, Pref Stock .

(1) 55,364

17

16

17

Balance (+ or — )

+ 21,677

+ 34,865

+ 76,606

+ 146 162

+ 69,962

+ 178,320

+ 3,502

Earnings per Mile

3,448 17

3,794 72

3,903 86

8,640 60

3,153 58

3,683 11

3,073 20

tExpenses per Mile

2,481 80

2,730 50

2,763 20

2,408 74

2,107 76

2,321 23

2,161 49

tNet Earnings per Mile . .
Expenses to Earnings
Aver, per Pass, per Mile.
Ayer. per Ton per Mile...

966 37
75.82 p. c.
2.53 c.
0.99 c.

1,064 22
74.81 p. c.
2.57 c.

1.02 c.

1,140 66
73.79 p. c.
2.53 c.
0.91 c.

1,231 86
69.51 p. c.
2.54 c.
0.88 c.

1,04582
70.79 p. c.
2.47 c.
0.94 c.

1,36188
66.44 p. c.
2.50 C.
0.90 C.

91171
74.39 p. c.
2.39 c.
0.88 c.

* Net amount paid (see income accpunt).
of taxes.

t These averages are based upon operating expenses exclusive

Earnings, etc., Supplementary Statement, 10 months ending April 30, 1898. — Gross earn-
ings, $1,547,521. Operating expenses, $1,040,041. Net earnings, $507,480. Increase over
corresponding period of previous fiscal year : Gross earnings, $249,035 ; operating expenses,
$130,347 ; net earnings, $118,688.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $20,844,499 78

Balance of Stock and Bonds Authorized.

Supplies on Hand

Cash on Hand

Sundry Accounts Collectible

Insurance Paid, Unappropriated.
New Rails. . .

5,692,715 68
134,490 80
43,313 42
75,700 46
1,303 16
11,126 49

Total Assets $26,803,149 79

Capital Stock (shares, $100) and Scrip.. $14,026,801 49

Funded Debt Outstanding (inc. Scrip).. 6,330,482 83
Balance of Stock and Bonds to Credit of

Reorganization Committee 5, 692, 7! 5 68

Sundry Accounts Payable 144,93241

Taxes Accrued not Due 29,64269

Accrued and Matured Interest 44,370 83

Profit and Loss 534,203 86

Total Liabilities $26,803,149 79

Funded debt consists of 1st mtge. 5 p. c. 50-yr. $1,000 gold bonds, due June 1, 1938, interest June and
Dec., at the office of the trustee, the Mercantile Trust Co.; New York, N. Y. The bonds are for $1,000 each,
in coupon form, with principal subject to registration, and are secured on the main line and branches, and
en all real estate and rolling stock. Authorized issue, $7,650,000, at rate of $15,000 p. m. ; outstanding, in-
cluding scrip ($2,482.83), $6,330,482.83.

Capital stock authorized, $11,000,000 common and $7,400,000 preferred, a total of $18,-
400,000, of which there remain in the treasury of the company, $2,519,341.52 common and
$1,728,369.53 preferred— a total of $4,247,716.05. Capital stock issued and outstanding June
30, 1897, consisted of $8,457,425 common stock and scrip and $5,569,376.34 preferred stock
and scrip. In March, 1898, these amounts were increased to $8,480,658.48 common and
$5,671,630.47 preferred. Preferred stock is entitled to 5 p. c. dividends non-cumulative ;
but when dividends on common stock exceed 5 p. c. in any one year, equal dividends shall
be paid on preferred stock.

gold bonds, due June 1, 1925, Interest June and Dec.,
at Central Trust Co., New York), $591,000. Princi-
pal and Interest of bonds guaranteed by the lowii
Central Ry. Co. The sinking fund was abolished by
the agreement of Nov. 10, 1890. Samuel Carr, Pres.,
Boston, Mass.; S. Seaman Jones, Sec. & Treas., 20
Broad St., New York, N. Y. General Office, 2<>
Broad St., New York, N. Y.

Kt-ithHlmrsr Bridge Co. (tracks at Missis-
Blppl River), 2.57 miles. Opened Feb. 26, 1886.
Leased to Central Iowa Ry. Co. In 1886, and lease
tiansferred to the Iowa Central Ry. Co., May 15,
1889. New lease and operating agreement entered
Into with I. C. Ry. Co. Nov. 10, 1890. Rental,
1896-7, $35,460, and necessary expenses of operating
the bridge. Paid Interest on bonds, $35,460. Capital
•tock, $600,000; funded debt (1st mtge. 6 p. c. 40-yr.

POORS MANUAL OF RAILROADS.

241

Board of Directors, Iowa Central Ry. Co., elected Sept. 3, 1897.

Horace J. Morse. . .New York, N. Y.

Russell Sage "

Edward E. Chase..
E. H. Perkins, Jr. .
Root. J. Kimball.. "

Giles E. Taintor. . .New York, N. Y.

Chas. G. Dubois Chicago, 111.

Henry A. Gardner " "

Albert G. Frost " "

Geo. P. Lee " "

Fred. S. Fales Chicago, 111.

Chas. F. Quincy " "

Frederick Merritt " "

Benj. Warren Peoria, 111.

W. E. Strong New York, N. Y.

HORACE J. MORSE, President : New York, N. Y.

Edward E. Chase, Vice-President " "

Sec. & Treat.— Geo. R. Morse New York, N. Y. | General Manager— L. M. Martin Marshalltown, la.

Gen. Auditor— T. I. Wasson Marshalltown, la.

PRINCIPAL OFFICE AND ADDRESS Marshalltown, la.

New York Office 20 Broad Street.

KEOKUK AND WESTERN RAILROAD COMPANY.

Line of Road.— Alexandria, Mo., to Van Wert, la 143.80 m.

Trackage : St. L.,E.& N. W. RR. : Keokuk, la., to Alexandria, Mo. 5.17 m.— 147.97 miles.
Sidings, etc., 21.63 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.

History. — Organized by the purchasers at foreclosure sale (Aug. 19, 1886) of the main
line of the Mo., la. & Neb. RR. (See MANUAL for 1888.) Ou Dec. 5, 1895, this company
purchased for cash the property of the Des Moines and Kansas City Ry. Co. (see subjoined
statement), but the roads were operated separately until April 1, 1898. A merger of the
Des Moines and Kansas City into this road has been effected, and the capital stock of this
company increased from $4,000,000 to $5,000,000 in consequence of such consolidation.

Rolling Stock, Dec. 31, 1897. — Locomotives, 14. Cars — passenger, 7 ; baggage, etc., 3 ;
freight (box, 506 ; stock, 155 ; flat, 12 ; coal, 229), 902 ; caboose, 7 ; other, 24— total, 943.

Operations, year ending Dec. 31, 1897(147.97 m.) — Train mileage — passenger, 194,350 ;
freight and mixed, 143,922 ; other, 86,299— total, 424,571 miles. Passengers carried, 159,613;
carried one mile, 3,565,575 ; average mile rate, 2.528 cents. Tons freight moved, 198,802 ;
moved one mile, 13,682,161 ; average ton-mile rate, 1.889 cents.

Expenses— Conducting Transportation $65,411 03

Earnings— Passenger $90,12655

Freight 258,562 34

Mail and Express 25,511 88

Miscellaneous 43,551 11

Total ($2,823.22 per mile) $417,751 88

Maintenance of Equipment 112,943 09

Maintenance Way and Buildings. 80,277 33
General 41 ,553 12

Total ($2,027.97 per mile) $300,184 57

Net earnings (28 p. c.), $117,567.31. Payments: Interest on bonds, $19,302.50; taxes,
$16,727.63 ; dividends (Oct., 1896, and April, 1897, 1 p. c. each), $80,000 ; equipment, $13,785 ;
betterments, $5,303.78— total, $135,118.91. Deficit, $17,551.60 ; surplus forward, $91,714.26 ;
net surplus, $74,162.66. •

Capital stock, bonded debt, gross and net revenues for eight fiscal years i

Expenses

and
Taxes.

1

247,382
246,682
181,577
288,233
282,341
273,325
251,689
275,339
316,912

* Fiscal years ending Dec. 31 ; all others, years ending June 30.

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $100), $4,000,000 ; notes pay-
able (details below), $400,000 ; bills payable, $755,000 ; current accounts, $13,686.60 ; vouch-
ers and pay rolls, $43.441.66; profit and loss, $74,162.66— total, $5,286,290.92. Contra:
Cost of road, equipment, real estate, etc., $4,275,000 ; Keokuk Union Depot stock and bonds
owned, $4,716 ; stocks, bonds and advances, D. M. & K. C. Ry. Co., $956,137.09 ; materials
and fuel, $20,892.63 ; current accounts, $23,487.11 ; cash, $6,058.09— total, $5,286,290.92.

Notes payable bear 4J p. c. interest and are due Dec. 26, 1898. They were given in purchasing the Des Moines
and Kansas City RR.

16

YBAR

'• Stock.

Funded
Debt.

Cost RR.,
etc.

RR.
Oper-
ated.

Gross
Earn-
ings.

$

S

$

miee.

i

1889*

4,000,000

4,376,538

147.65

356,157

1890

4,000,000

4,375,794

147.65

311,994

1891

4,000,000

226,666

4,373,638

147.65

392,006

1892*

4,000,000

200.000

4,203,000

147.65

407,152

1893

4,000,000

200,000

4,203,000

147.65

358,689

1894

4,000,000

200,000

4,203,660

147.65

343,332

1895*

4,000,000

275,000

4,275,000

147.65

348,759

18%*

4,000,000

500,000

4,275,000

147.65

395,281

1897*

4,000,000

500,000

4,275,000

147.97

417,752

Net

Net

Inter-

Divi- Balance

Earn-

In-

est

dends for Year.

ings.

come.

Paid.

Paid. ( + or— )

$

$

S

8 $

108,775

108,775

21,518

+39,096

65,312

118,190

19,412

+45,695

210,429

210,429

16,103

40,000 +79.853

118.919

130,504

12,710

80,000 + 239

76,348

122,308

12,353

80,000 + 9,066

70,007

109,119

12,000

80,000 + 5,260

97,070

128,935

19,275

80,000 +12,892

120,042

121,242

19,275

80,000 +20,286

100,840

100,840

19,302

80,000 -17,552

242

POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

RAILBOAD OWNED BY THE K. & W. RR. Co. — OPERATIONS REPORTED SEPARATELY.

Des Moines and Kansas City Ry.— Des

Moines, la., to Cainsville, Mo., 112 m.; sidings,
15.23 miles. Gauge, 4 ft. 8J In. Rail (steel, 112
m.), 56 and 60 Ibs. Organizsd Jan. 10, 1888, and
two days later purchased the Des Moines, Osceola
and Southern RR. from the syndicate which had
previously purchased it at foreclosure sale. (See
Manual for 1888.) Purchased Dec. 5, 1895, by the
Keokuk and Western RR. Co. During the past year
the gauge was widened to standard, and since April
1, 1898, this road and the K. & W. RR. have been
operated as one, a consolidation having been effected.
Locomotives, 9. Cars— passenger, 9; baggage, etc.,
1; freight (box, 90; stock, 32; flat and coal, 73), 195;
caboose, 2; other, 3— total, 210.— Operations, year

ending Dec. 31, 1897.— Train mileage— passenger,
117,838; freight and mixed, 77,378; other, 29,035—
total, 224,251 miles. Passengers carried, 79,403;
carried one mile, 2,897,745. Tons freight moved, 53,-
787; moved one mile, 3.012,072. Earnings (passenger,
$62,719; freight. $77,864; other, $22,356), $162,939.
Operating expenses and taxes. $139,796. Surplus,
$23,143; deficit forward. $5,199; net surplus, $17,944
credited to cost of road. Pinmcial Statement. Dec.
31, 1897.— Capital stock (shares, $100), $800,000; bills
payable, $294,966; accounts, $99,997; vouchers and
pay rolls. $60.928— total, $1,255,891. Contra: Cost of
road, $1,204.012; materials, etc., $8,634; current ac-
counts, $18.376; cash, $24,869— total, $1,255,891.

Board of Directors, Keokuk and Western Ry. Co., elected Feb. 2, 1898.

A. C. Goodrich Keokuk, la.

F.T.Hughes '• "

F. M. Drake Centerville, la.

T. DeWitt Cnyler.. Philadelphia, Pa.

G. H. Candee Lowell, Macs.

Benjamin Graham. New York, N. Y.

Benjamin Strong. .New York, N. Y.

Francis Paton " "

W. H.Gebhard... " "

T. DBWiTT CUTLER, President Philadelphia, Pa.

A. C. Goodrich, Vice-President & Gen. Manager Keokuk, la.

Treasurer— C. M. Jesup New York, N. Y. | Secretary— J. F. Elder Keoknk, la.

Auditor— 1. R. Board . Keoknk, la.

PBINCIPAL OFFICE AND ADDRESS Keokuk, la.

MINNEAPOLIS AND ST. LOUIS RAILROAD COMPANY.

Main Line of Road. — Minneapolis, Minn., via Fort Dodge, la,, to Angus, la 261.64 milea.

Pacific Division : Hopkins, Minn. , to Morton, Minn 92.87

Lake Park Branch : Manitou Junction, Minn., to Tonka Bay, Minn 1.45

Kalo Branch : Kalo Junction, la. , to Kalo, la 2.80

White Bear Branch : East Minneapolis to White Bear Junction, Minn 13.09

Trackage : North. Pac. Ry.: St. Paul, Minn., to Minneapolis, Minn 11.15

Total length of lines owned (371.85 m.) and operated (369 91 m.), June 30.'97.. 383.00 miles.
2d track (owned, 7.89 m. ; trackage, 10.81 m.), 18.70m.; sidings, 73.59 miles. Gauge, 4 ft.
8£ in. Rail (steel, 402.93 m.), 50 to 66 Ibs.

History* — Reorganization, after foreclosure sale, Oct. 11, 1894, of the Minneapolis and
St. Louis Ry. Co. (See MANUAL for 1894.) The new company took possession Nov. 1, 1894.

The White Bear Branch (the old Minneapolis and Duluth RR.) is operated under lease
by the St. Paul and Duluth RR. Co. at an annual rental equal to 35 p. c. of gross earnings,
less 8 p. c. for taxes. (See statement for MINNEAPOLIS AND DULUTH RR.) This company
owns a one-eighth interest in the property of the Minnesota Transfer Ry. Co., situated
between St. Paul and Minneapolis, and consisting of stock-yards, depots, etc. Between
Minneapolis and St. Paul the track of the Northern Pacific Ry. is used under lease contract.

This company operates the Wisconsin, Minnesota and Pacific Ry., and the Minneapolis,
New Ulm and Southwestern RR., but accounts are kept separate. (See statements on pages
244 and 245.)

Contracts were entered into with the St. Paul and Duluth RR. Co. and with the receivers
of the Northern Pacific RR. Co., for the use of terminals. The St. Paul and Duluth will use
this company's freight terminals, thus giving the company an additional income, besides re-
duping the cost of maintenance. The contract with the Northern Pacific Railway Co. gives
this company an entrance into St. Paul on terms considerably lower than under the old con-
tract in force at the time of the termination of the late receivership.

Rolling Stock, June 30, 1897. — Locomotives, 72. Cars — passenger, 29 ; combination, 10;
baggage, mail and express, 8 ; business, 2 ; freight (box, 1,600 ; flat, 345 ; stock, 61 ; coal,
192 ; refrigerator, 4 ; furniture, 27), 2,229 ; caboose, 31 ; other cars, 26— total cars, 2,335.
Five of the locomotives are in the service of the Minneapolis Ry. Transfer Co., and their
operations are not included in this statement, and 155 of the freight cars are vacant numbers.
This company supplies rolling stock for the operation of the Wis., Minn. & Pac. RR. receiv-
iuK a rental based on the number of miles tracked,

POOR'S MANUAL — MINNEAPOLIS AND ST. LOUIS RE. CO.

243

Operations, year ending June 30, 1897. — See tabulated statement below.

Earnings— Passenger ..................... $412,084 86

Freight ........................ 1,469,06999

Mail and Express .............. 86,393 33

Miscellaneous ................. 38,95689

Expenses— Conducting Transportation — $640,013 31

Maintenance of Equipment.... 169,2;3 21

Maint. Way and Buildings .... 270,819 71

General ........................ 151,61024

Total ($5,424.30 per mile) .............. $2,006,505 07 Total ($3,059.43 per mile) ............. $1,131,716 47

Net earnings (43.59 p. c.), $874,788.60 ; add interest on investments, $24,383 ; trackage
rentals, etc., $180,851.58— total income, $1,030,023.18. Payments : Interest on bonds, $580,-
540 ; interest and exchange, $2,930.16 ; taxes, $67,411.53 ; trackage and other rentals, $55,-
354.71 ; dividends on stock (1st preferred, $125,000 ; 2d preferred, $120,000), $245,000 ; loss in
operation of Lake Park Hotel, $11,549.79— total, $962,786.19. Surplus, $67,236.99 ; surplus
forward, $105,832.39— total, $173,069.38.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $21,917,211 72

Real Estate 66,492 72

•Securities Owned 628,50000

Cash 99,348 13

Materials and Supplies 150,81770

Minnesota Transfer Ry. Co 3,37233

U. S. Post Office Dept 17,71256

Current Assets 59,09899

Lake Park Hotel 17,859 56

Unadjusted Accounts 19,215 61

Other Property 3,720 90

Total Assets $22,983,350 22

Common Stock (shares, $100) $6,000,000 00

First Preferred Stock (shares, $100) 2,500,000 00

Second Preferred Stock (shares, $100)... 4,000,000 00

Funded Debt Outstanding 10,000,00000

Audited Vouchers and Pay Rolls 128,119 82

Accrued Interest on Bonds, not Due.... 83,185 83

Wisconsin, Minn. & Pac. RR. Co 13,92991

Unpaid Taxes 44,873 73

Unadjusted Accounts 18,784 04

Minn., New Ulm & Southw. RR. Co.... 21,387 51

Profit and Loss 173,069 38

Total Liabilities $22,983,350 22

* Consisting of: 1st consolidated bonds of company in treasury, $282,000; Minneapolis, New Ulm and
Southw. RR. bonds (par, $200,000), $160,000; M., N. U. & Southw. RR. stock (par), $99,500; Minnesota
Transfer Ry. Co. bonds and stock, $77,000; City of New Ulm, Minn, bonds (par), $9,000; Stanfold, Wis.,
town bonds (par), $1,000— total, $628,500.

NOTE. — The following amounts of the capital stock are held in the company's treasury: $278,700 of com-
mon stock, $79,600 of 1st preferred stock and $39,600 of 2d preferred stock.

Capital Stock. — The 1st preferred stock is entitled to dividends of 5 p. c. per annum cumulative, and
is subject to retirement at the pleasure of the company at par and accrued dividends upon due notice, and
is preferred in the payment of such dividends and as to assets in the event of a sale of the corporate prop-
erty. The 2d preferred stock is entitled to non-cumulative dividends of not more than 5 p. c. per annum,
after payment 6f fixed charges and the dividends upon the 1st preferred stock; and the new common stock
to non-cumulative dividends of not more than 5 p. c. per annum, after payment of fixed charges and divi-
dends on the 1st and 2d preferred stock; any net earnings in any year after said payments shall be applied
to pay dividends on the 2d preferred and common stock, without discrimination.

Statement of funded debt outstanding June 30, 1897 :

DATE OF

INTEREST.

Amount

Annual

Issne.

Maturity.

Rate.

When
Payable.

standing.

Charge.

Underlying Bonds, M. <& St. L. Ey. (total,

$4,718,000) :

p. c.

$

S

1st Mtge. Gold (a), Minneapolis to White Bear . .
1st Mtge. Gold (6), Minneapolis toMerriatn June.
1st Mtge. Gold (e), Merriam June, to Albert Lea.

Jan. 1,1877
Jan. 1,1877
Feb. 1, 1877

Jan. 1,1907
Jan. 1,1907
June 1, 1927

7
7
7

May & Nov.
Jan. & July
June <fc Dec.

280,000
455,000
950,000

19,600
31,850
66,500

1st Mtge. Gold (d), la. Ex.— Alb't Lea to Ft.Dodge

June 2, 1879

June 1, 1909

7

June & Dec.

1.015,000

71,050

1st Mtge. Gold («), S. W. Ex.— Ft. Dodge to Angus
1st Mtge. Gold (/), Pac. Ex.— Hopkins to Morton

Dec. 1,1880
April 1, 1881

Dec. 1, 1910
April 1. 1921

7
6

June & Dec.
Apr. & Oct.

636,000
1,382,000

44,520
82,920

M. & St. L. RR.:

Nov. 2, 1894

Nov. 1, 1934

5

May &Nov.

5,282,000

264,100

10,000,000

580,540

The Minneapolis and Duluth bonds (a) were originally guaranteed by the M. & St. L. Ry. Co. and by
the consolidation of May, 1881, became an obligation of that company. The $455,000 7 p. c. bonds of Jan.l,
1877 (6), are issued at the rate of $20,500 per mile. The total issue of 7 p. c. bonds of Feb. 1, 1877 (c), is
$1,100,000, of which $150,000 are assumed by Burlington, Cedar Rapids and Northern RR. The Iowa Exten-
sion bonds (d) are issued at $10,000 per mile. The Southwestern Extension bonds (e) 'are $12,000 per mile.
The Pacific Extension bonds (f) are $15,000 per mile.

The authorized issue of 1st consols, of 1934 is $10,000,000. They are secured by mtge. of all the property
of the company, real and personal, including real estate, franchises, titles, etc., etc., of every description,
now owned or hereafter to be acquired (not including, however, future branches or extensions which may be
constructed or acquired after the date of the mtge.), and shall be subject only to the mtges. securing the
$4,718,000 underlying bond (see table above). A sufficient amount of consols, is reserved for the retirement
of prior liens; $5,000,000 are outstanding and $282,000 are in the treasury of the company. The proceeds of
the bonds outstanding were used for the purpose of " providing in part the moneys required to pay the
purchase price of the property at the foreclosure sale; to retire or acquire outstanding underlying bonds
(other than the $4,718,000 above mentioned), to pay the past due and unpaid interest on underlying bonds
and the expenses of the reorganization, and for such other purposes as may be necessary to enable the com-
mittee to carry out the plan and make it effective." The lines of railway covered by the mtge. are as fol-
lows: Minneapolis, Minn., to Albert Lea, 108 m.; Albert Lea, Minn., to Fort Dodge, la., 101.4 m. ; Fort
Dodge, la., to Angus, la., 51.2 m. ; Hopkins, Minn., to Winthrop, Minn., 62 m.; White Bear Lake June, to

244

POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

Minneapolis, 15 m. — total, 337.6 miles. They are additionally secured on stock ($8,000) and bonds ($95,000)
of the Minnesota Transfer Ry. Co. and one-half interest in the Lake Park Hotel, Hennepin Co., Minn. Bonds
are for $1,000 each, in coup, form, with provision for registration of principal. Interest payable at the office
of the trustee, Central Trust Co., New York. Principal and interest payable " without deduction of any tax
or taxes which the railroad company may be required to pay or retain therefrom under or by reason of any
present or future law." (See MANUAL for 1895; also MANUAL for 1894, page 923, for description of prior liens.)

Statement of operations, earnings, etc., for three years ending June 30, 1897:

1895

1896

1897

1895

1896

1897

Av. Miles Operated
Pass. Train Miles . .
Freight Train Miles
Passengers Carried.
Passenger Mileage.
Tons Moved

369.91
423,842
670,931
489,616
14,482,111
1,116,642
103,801,447

$

338,520

1,378,784
77,905
28,789

369.91
559,047
651,487
548,132
19,217,018
1,194,819
113,009,098

$

405,fi05
1,500,379
86,316
36,000

369.91
621,568
619,304
571,683
20,334,397
1,208,969
114,523,012

$

412,085
1,469,070
86,393
38,957

Net Earn.— Forw'd.
Other Receipts

Total Income. . .
Payments :
Interest

$731,718
106,483

8824,748
144,048

$807,377
155,235

838,202

397,612
60,205
83,333

968,796

580,5-K)
56,476
245,000
7,486

962,612

580,540
55,355
245,000
14,480

Tonnage Mileage . . .

Earnings :
Passenger

Rentals ....

Dividends

Miscellaneous ....

Total Payments.
Balance Surplus
Gross Earn, per M. .
Oper. Ex. per Mile.
Net Earn, per Mile.
Expenses to Earn..
Aver. Rate per Pas-
senger per Mile . .
Av, Rate p. Ton p.M.

541,151
297,051
4,930.92
2,952.83
1,978.09
59.88 p. c.

1.71 c.
1.32 c.

889,501
79,295
5,433.24
3,253.63
,2,229.61
59.34 p. c.

2.78 c.
1.33C.

895,375
67,237
5,424.30
3,241.67
2,182.63
59.76 p. c.

2.02 c.
1.28c.

Freight

Mail and Express.
Miscellaneous

Total Earnings
Oper. Exp. A Taxes.

Net Earnings

1,823,998
1,092,280

2,028,301
1,203,552

2,006,505
1,199,128

731,718

824,748

807,377

Earnings, etc., 10 months ending April 30, 1898.— Gross earnings, $1,884,860.08. Oper-
ating expenses and taxes, $1,121,271.94. Net earnings, $763,588.14; other income, $89,-
822.72— total, $853,410.86.

Directors (elected Oct. 5, 1897).— Edwin Hawley, John E. Searles, F. H. Davis, Wm.
Strauss, Edwin Langdon, P. E. Palmer, New York, N. Y.; C. S. Mellen, St. Paul, Minn.;
Qeo. Crocker, San Francisco, Gal.; F. H. Peavey, Minneapolis, Minn.

EDWIN HAWLEY, President New York, N. Y.

John E. Searles, Vice-President " "

Treasurer— F. H. Davis New York, N. Y.

Secretary — Jos. Gaskell Minneapolis, Minn.

General Manager — L. F. Day Minneapolis, Minn.

Auditor— O. C. Post " "

PHIWCIFAL OFFICE AND ADDRESS Minneapolis, Minn.

RAILROADS OPERATED BT THE MINNEAPOLIS AND ST. LOUIS RR. CO.
WISCONSIN, MINNESOTA AND PACIFIC RR. CO.

Main Line Of Road. — Red Wing, Minn., to Mankato, Minn 93.7 m.

Branch : Morton, Minn., to Watertown June., Minn 122.9 m.

Trackage : B., C. R. & N. By.: Watertown June, to Watertown 1.1 m. — 217.7 miles.

Sidings, 17.76 miles. Gauge, 4 ft. 8| in. Rail (steel), mostly 60 Ibs. per yard.

History.— Reorganization, April 24, 1894, of the Wisconsin, Minnesota and Pacific Ry.
Co., whose property was sold under foreclosure Nov. 16, 1893, and purchased by the United
States Trust Co., New York, N. Y., in the interest of the Chicago, Rock Island and Pacific
Ry. Co. (See MANUAL for 1894.) Operated by the Minneapolis and St. Louis RR. Co., but
accounts kept separately.

Rolling Stock, June 30, 1897.— Cars— baggage, mail and express, 2 ; freight (caboose), 1.
Operations, year ending June 30, 1897.— Train mileage— passenger, 137,112 ; freight,
112,369 ; other, 2,446— total, 251,927 miles. Passengers carried, 86,196 ; carried one mile,
2,128,099. Tons freight moved, 305,544 ; moved one mile, 13,021,985.

Expenses— Conducting Transportation $126,261 96

Maintenance of Equipment 15,196 16

Maintenance Way and Bldgs 97,145 40

General 15,911 44

Total ($1,169.11 per mile) $254,514 96

total, $107,075.80. Paid

Earning!— Passenger $55,792 45

Freight 269,63962

Mailand Express 29,381 15

Miscellaneous 2,41079

Total ($1,640.90 per mile) $357,224 01

Net earnings (28.75 p. c.), $102,709.05 ; add rentals, $4,866.75
taxes, $13,276.53. Surplus, $93,799.27.

Financial Statement., June 80, 1897.— Capital stock ($100 shares), $5,000,000.

Stock all

POOR'S MANUAL OF RAILROADS. 245

held by R. R. Cable, W. H. Truesdale, and A. E. Clarke, as trustees. No cash in the trans-
action. This company has no bonds. The entire property is covered by a mortgage to the
United States Trust Co., to confirm the mortgage given by the Chicago, Rock Island and
Pacific Ry. Co. to secure its collateral and extension bonds.

Directors (elected April 12, 1897).— R. R. Cable, W. H. Truesdale, Chicago, 111.; A. E.
Clarke, Joseph Qaskell, W. F. Booth, Minneapolis, Minn.

R. R. CABLE, President Chicago, 111.

A. E. Clarke, Vice- President Minneapolis, Minn.

Secretary— 1>. B. Arnold Minneapolis, Minn. | Trecuurer— Joseph Gaskell Minneapolis, Miim.

Auditor— O. C. Post Minneapolis, Minn.

PRINCIPAL OFFICE AND ADDEESB Minneapolis, Minn.

MINNEAPOLIS, NEW ULM AND SOUTHWESTERN RR. CO.

Line of Road : Winthrop, Minn., to Cotton wood River, Minn 20.6 miles.

Sidings, 1.28 miles. Gauge, 4 ft. 8| in. Rail (steel), 56 and 60 Ibs.

History. — Organized under the general laws of Minnesota ; road opened from Winthrop
to New Ulm, Minn., 18.73 miles, on July 1, 1896 ; extended to Cottonwood River, 1.87 miles,
during the past fiscal year. Operated under lease by the Minneapolis and St. Louis RR.
Co., but accounts kept separately. Equipment furnished by the Minneapolis and St. Louis
RR. Co.

Operations, year ending June 30, 1897 (18.73 miles). — Train mileage — passenger, 21,741;
freight, 11,580 ; other, 1,693 — total, 35,014 miles. Passengers carried, 18,566 ; carried one
mile, 272,934. Tons freight moved, 25,294 ; moved one mile, 377,425. Earnings (passenger,
$6,815.92 ; freight, $11,989.19; mail and express, $1,796.21; other, $128.10), $20,729.42. Oper-
ating expenses, $29,609.65. Deficit from operations, $8,880.23. Miscellaneous receipts,
$21.75 — net deficit, $8,858.48. Charges : Interest accrued prior to June 30, 1896 (not paid),
$4,166.66 ; interest accrued during year (not paid), $10,000; taxes (paid), $88.51— total, $14,-
255.17. Deficit for year, $23,113.65.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $100,000 ; funded
debt (1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, dated Feb. 1, 1896, interest Feb. and Aug.
in New York City), $200,000 ; accrued interest, not due, $4,166.66— total, $304,166.66.
Contra: Cost of road, $269,665.50 ; current accounts, $11,387.51 ; profit and loss, $23,113.65
— total, $30 1, 166.66. All the securities of this company are owned by the Minneapolis and
St. Louis RR. Co. Trustee of bonds : Central Trust Co., New York, N. Y.

Directors (elected Oct. 5, 1897).— E. A. Campbell, Winthrop, Minn.; John Lind, Wm.
Pfaender, Ferdinand Crone, Otto Schell, New UJm, Minn.

E. A. CAMPBELL, President Winthrop, Minn.

Ferd. Crone, Vice-President New Ulm, Minn.

Treasurer— Wm. Pfaender New Ulm, Minn. | Secretary— John Lind New Ulm, Minn.

PRINCIPAL OFFICE AND ADDRESS New Ulm, Minn.

ST. PAUL AND DULTJTH RAILROAD COMPANY.

Main Line of Road.— St. Paul, Minn., to Duluth, Minn 155.00 m.

Less not operated : Thomson Junct. to Fond du Lac 8.50 m. — 146.50 miles.

Knife Falls Branch : Carlton to Cloquet, Minn 6.50 m.

Qrantsbvrg Branch : Rush City to Grantburg, Minn 17.00 m.

Quarry Branch : Miller to Quarries 5.00 m. — 28.50 "

' Taylor Falls and Lake Superior RR. (see page 248) 20.50 m.

Minneapolis & Duluth RR. (For mileage see page 248). . 12.30 m.
Minn. & St. Louis RR.: East Minneapolis to Minneapolis,

Minn 6.40 m.

Stillwater & St. Paul RR. : White Bear to Stillwater, Minn. 12.50 m.
Duluth Short Line RR.: Thomson, Minn., to West Supe-
rior, Wis 17.75 m.— 69.45 "

Total length of lines operated, June 30, 1897 244.45 miles.

Leased : -

POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

3d track (owned), 16.50 m,; sidings (owned, 108.22 m.; leased, 19.84 m.), 128.06 miles.
Gauge, 4 ft. 8£ in. Rail (steel— owned, 166.58 m.; leased, 61.25 m.— total, 227.83 m.), 56,
68* , 70, and 75 Ibs.

The No. Pac. Ry. Co. has a joint interest in the line from Carlton to Duluth, 23.2 miles.

History. — Reorganization, June 27, 1877, of the Lake Superior and Mississippi RR. Co.
(See MANUAL for 1888.) The tracks of the Minneapolis and St. Louis RR. Co., from E. Min-
neapolis to Minneapolis, Minn., 6.4 miles, are operated under a contract providing an arbitrary
rental, and a wheelage proportion of operating expenses.

Rolling Stock, June 30, 1897. — Locomotives, 64. Cars — passenger, 39 ; combination, 14 ;
sleeping, 7 ; baggage, etc., 10 ; business, 2 ; freight (box, 1,819 ; stock, 15 ; refrigerator, 8 ;
furniture, 14 ; flat, 354; coal, 23 ; milk, 2), 2,235 ; caboose, 19 ; other, 165— total, 2,491.

Operations, year ending June 30, 1897. — See tabulated statement below.

Earnings— Passenger .' $327,860 95

Freight 1,187,223 65

Mail and Express 48,062 15

Miscellaneous . . 957 67

Expenses— Conducting Transportation $636,564 62

Maintenance of Equipment 174,448 81

Maintenance Way and Buildings 254,159 35

General . ,, 82,790 88

Total ($6,398.46 per mile) $1,564,104 42 Total ($4,696.10 per mile) $1,147,963 66

Net earnings (25.96 p. c.), $416,140.76 ; add interest and exchange, $5,750.65 ; dividends
received, $33,181 ; rentals, $20,961.02— total, $476,033.43. Payments : Interest on bonds,
$150,000; taxes, $55,087.16; rentals, $134,558.23; special accounts, $777.55 ; improvements
and betterments, $13,826.99 ; dividends on preferred stock (2£ p. c. each Sept. 1, 1896 and
March 1, 1897), $239,505— total, $593,754.93. Deficit, $117,721.50. Amount transferred from
land and stumpage account to apply on dividends, $119,695.77 — net surplus, $1,974.27.
Balance of railroad income, July 1, 1896, $119,752.50 — total railroad income, as per general
balance sheet, $121,726.77.

Earnings, etc., 9 months ending March 31, 1898. — Gross earnings — passenger, $276,432.52;
freight, $967,344.13 ; mail and express, $36,057.45 ; miscellaneous, $614.57— total, $1,280,-
448.67. Operating expenses — conducting transportation, $470,371.37 ; maintenance of equip-
ment, $134,421.29; maintenance of way, $216,541.80; general, $62,245.46; taxes, $36,119.15
—total, $919,699.07. Net earnings, $360,749.60.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $12,685,222 78

Securities of Owned and Leased Lines. . .

Materials and Fuel on Hand

Central Trust Co. for redemption of T.

F. & L. S. RR. bonds

Stumpage Notes

Accounts Receivable

Bills Receivable

Cash

Land and Town Lot Contracts

Current Accounts and Other Assets

Total Assets $15,374,778 42

" Accounts in Suspense " in above balance sheet consists of $579,324.60 preferred stock cancelled in
accordance with plan of reorganization and $690,776.40 land and stumpage income, expended prior to July 1,
1888, on improvements, construction, and equipment — total, $1,270,101. Referring to this item, the com-
pany's report for 1896-7 says: " Comment has been made on two items heretofore appearing in the balance
sheet under the head of ' Accounts Payable,' viz., ' Preferred Stock cancelled in accordance with plan of re-
organization ' and ' Land and Stumpage Income expended prior to July 1, 1888, on Improvements, Construc-
tion, and Equipment.' In the present report these two items are placed apart, in order that they may be
more clearly understood. They are held in ' suspense ' to show the amount of Preferred Stock cancelled in
accordance with the plan of reorganization, since the present management has been operating the property,
and also the amount of ' Land and Stumpage ' money expended by the prior management for ' Improvements,
Construction, and Equipment,' which should have been used for the retirement of Preferred Stock. These
items can be closed at any time by the proper counter entries."

Funded debt consisted June 30, 1897, of —

1st mtge. (St. P. & D.) 5 p. c. 50-yr. cy. bonds, due Aug. 1, 1931, interest Feb. 1 and Aug. 1 $1,000,000

2d mtge. (St. P. & D.) 5 p. c. 80-yr. cy. bonds, due Oct. 1, 1917, interest April 1 and Oct. 1 2,000,000

Guaranteed, principal and interest ;

1st mtge. (Duluth Short Line Ry.) 6 p. c. 30-yr. cy. bonds, due Sept. 1, 1916, int. March 1 & Sept. 1 $500,000
1st mtge. (Taylor's Falls & L. Sup. RR.) 6 p. c. 30-yr. cy. bds., due J. 1, 1914, int. Jan. 1 & July 1. 210,000

All of the above described bonds are for $1,000 each, in coup, form, with privilege of registration. The
T. F. & L. S. RR. Co. bonds are additionally secured by sinking fund provision, but bonds cannot be drawn
before maturity. Trustee of all mortgages: Central Trust Co., of New York, N. Y. Principal of bonds pay-
able at the office of the trustee; interest at the company's New York office.

1 556,976 29

Preferred Stock and Scrip 4,792,68600

63,219 46
134,130 79

Funded Debt Outstanding (see below).. 3,000,000 00
Guaranteed Bonds Outst'd'g (see below) 710,000 00
Current Liabilities 179,204 09

38,061 00
58,257 68
11,338 75

Deferred Land and Stumpage Income... 438,847 29
Sinking Fund for Redemption T. F. &
L S RR. Bonds 134,130 79

271,163 96
400 786 29

Coupon Interest Accrued and not Due.. 60,466 66
Other Accounts Payable 7,40831

155,621 42

Accounts in Suspense (see below) 1,270,101 00

Balance of Railroad Income 121,72677

$15.374.778 42

Total Liabilities... ...$15,374,77842

POOR'S MANUAL— ST. PAUL AND DULUTH RR. CO.

On April 14, 1898, this company authorized the execution of a mortgage to secure an issue of $5,000,000
1st mtge. consol. bonds at a rate not exceeding 5 p. c. interest, covering all the property with the exception of
the land, the land and stumpage contracts and proceeds thereof. Of the authorized amount $3,000,000 are to
be reserved for retiring at maturity the $1,000,000 1st mtge. 5 p. c. bonds and $2,000,000 2d nrtge. 6 p. c.
bonds described above; $2,000,000 to the extent required, to be used for the retirement of the Stillwater and
St. Paul RR. Co.'s 1st mtge. 7 p. c. bonds, the Taylor Falls and Lake Superior RR. Co.'s 1st mtge. 6 p. c.
bonds and the Duluth Short Line Ry. Co.'s 1st mtge. 6 p. c. bonds. The balance is to be applied to the
following purposes: The restoration to the land and stumpage trust fund of the balance due; the equipment
of freight ears with automatic couplers and air brakes; the completion of the reduction of grades on main
line; and the purchase of new equipment, and betterment of the railroad property.

Capital stock (shares, $100) authorized, $12,000,000— common, $6,000,000, and preferred, $6,000,000. The
preferred stock is entitled to dividends, payable semi-annually, on the first days of March and Sept., equal to
the net income of the company from all sources, but such dividend is limited to 7 p. c. per annum. Thia
dividend is a first charge on the net profits of the road, and it is provided that in the event of a deficiency
of such net profit to pay the stipulated 7 p. c., the net income from stumpage and land sales shall be applied
to the dividend fund. Provision is also made that when not so applied the net income from stumpage and
land sales each year, when equal to at least $10,000, shall be used in the purchase of preferred stock, if said
stock is below par in the market, and to be drawn as in the operation of the sinking fund if above par. In
addition to this provision for its gradual reduction, preferred stock is receivable for lands at par. Common
stock is entitled to dividends from the earnings of the railroad, limited to 6 p. c. in any one year, after the
payment of preferred stock dividends, any surplus then remaining to be applied to purchase of preferred
stock. The power of casting one vote at all meetings of the company is vested in each share ef preferred
stock and in every three shares of commom stock.

Statement of railroad operation, earnings, etc., for eight years ending June 30:

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad Operated.
Passenger Train Miles

247.75
535,605
460,425
847,117
16,579,025
953,748
100,583,706

$
393,530
966,363
50,634

247.75
564,034
450,275
1,200,856
20,633,056
1,007,330
102,807,951
$
512,156
1,054,955
54,828

247.75
577,560
585,476
931,782
20,932,170
1,436,323
144665,404
$
530,426
1,350,800
53,285

247.75
581,875
583,129
748,009
21,455,907
1,544,380
157,199,608

548,352
1,512,041
46,882

247.44
568,075
415,771
558,200
16,790,975
1,036,910
116,458,840

$

422,868
1,046,008
44,518

247.44
546,688
346,033
528,703
15,416,283
1,028,368
108,621,408
$
387,944
990,261
45,102

247.44
555,378
365,154
532,657
15,242,097
1,137,012
127,216,980

369,483
1,109,362
49,018

244.45
565,956
417,371
515,194
14,603,792
1,200,098
148,068,166
$
327,861
1,187,224
49,019

Freight Train Miles

Passengers Carried

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Passenger Earnings

Freight Earnings

Other Earnings

Total Earnings

1,410,527
974,336

1,621,939
1,021,581

1,934,511
1,234,618

3,105,275
1,427,798

1,513,394
1,049,527'

1,423,307
1,004,980

1,587,863
1,224,018

1,564,104
1,147,964

Operating Expenses

Net Earnings.

436,291
22,498

600,358
25,147

699,898
30,401

677,477
67,269

463,867
43,493

418,327
40,858

363,845
78,100

416,140
59,893

Other Receipts .*.

Net Income

458,789
125,226

i50,oeo

134,118
26,912
+ 22,5:33

5,693 55
3,932 33
1,761 02
72. 13 p. C.
8.23 c.
0.96 C.

10,037,118
3,710,080
165,798
212,717

1,047,544
215,306

685,505

143,159
150,000
156,595
31,900
+ 143,850

6,54068
4,123 43
2,423 25
66. 04 p. c.
2.34 c.
1.02c.

10,031,018
3,710,000
229,380
106,805

1,049,879
416,548

736,294

153,804
150,000
347,793
69,394

+ 15,303

8,02458
5,148 65
2,876 93
63.82p, C.
2.32 C.
0.95 C.

9,849,018
3,710,000
234,838
102,980

1,383,494
181,611

744,746

179,838
150,000
355,043
08,826
-8,961

8,49758
5,76307
2,73451
W.82p. c.
2.30 c.
0.96 c.

9,626,218
3,710,000
247,294
132,116

1,646,42.3

172,650

507,360

195,620
150,000
293,405
16,766
- 148,431

6,11620
4,24154
1,874 66
68. 35 p. c.
2.29 c.
0.90 C.

9,402,131
3,710,000
178,265
167,187

1,478,575
139.075

458,565

175,879
150,000
239,475
68,003
- 174,772

5,752 13
4.061 51
1,6906-2
70.61 p. c.
2.27 c.
0.91 C.

9,453,331
3,710,000
182,215
359,899

1,535,629
' 80,'956

441,945

187,326
150,000
239,505
53,523
- 188,40?

6,417 16
4,946 56
1,470 60
77. 09 p. c.
2.18 c.
0.92 c.

9,453,059
3,710,000
228,665
394,578

1,508,237
135,030

476,033

189,645
150,000
239,505
14,605
- 117,722

6,398 46
4,696 10
1,702 36
74. 04 p. C.
2.02 c.
0.80 c.

9,452,894
3,710,000
179,204
438,847
J 202,006
1 1,2:0.101
121,727

Taxes and Rentals

Interest

Dividends

Other Charges

Balance ( + or — )

Gross Earnings per Mile . . .
Operating Expense* p. Mile.
Nitt Earnings per Mile
Expenses to Earnings
Earning* p. Pass. p. Mile . .
Earnings p. Ton p. Mile

Capital Stoek and Scrip. . . .
Funded and Guarant'd Debt
Current Liabilities

Def 'd Laud & Stumpage Inc.
Accounts Payable 1
Suspense Accounts f

Income Account

Total Liabilities ,..
Road and Equipment

15,388,483

12,908,333
1,433,246
63,131
537,997
447,766

15,543,030

12,792,124
1,571,802
48,597
522,416
608,091

15,461,941

12,679,546
1,551,830
50,111
538,904
651,550

15,352,706

12,703,127
1,580,223
81.645
595,229
392,482

15,125,233

12,682,272
1,579,783
80,700
597,591
184,847

15,328,080

12,685,223
1,559,223
55,584
742,176
279,824

15,429,568

12,685,223
1,560.223
85,047
775,365
323,710

15,374,778

12,685,223
1,556,976
63,219
798,196
271,164

Stocks, Bonds, etc

Materials and Supplies
Accounts and Assets

Cash ou Hand

Total Assets

15,388,483

15,543,030

15,461,941

15,352,708

15,125,333

15,323,030

15,429,568

15,374,778

Land Department. — Lands earned: Congressional grant, 992,000 acres; and State (swamp land) grant,
694,400 acres— total, 1,686,400 acres. Lands received: Congressional, 816,083.55; State, 691,085.55— total,
1 1,507,169.10 acres. Unsold June 30, 1896, 1,011,824.40 acres; acquired by cancellation of contracts during the
I year, 1,236.02 acres, and there were sold 32,088.73 acres; leaving unsold June 30, 1897, 980,471.69 acres. Pre-
ferred stock is receivable at par for lands sold.

Land and Stumpage Income Account, year ending June 30, 1897. — Cash receipts from stumpage, $32,-
669.78; from land sales, $6,144.35; from land contracts and land notes, $68,051.31; from town lot sales, $102;

248

POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

from stumpage notes, $19,884.50; from town lot contracts, $246; land and stumpage interest, $13,839.85; for-
feited deposits, $81; from leases, $1,875— total, $142,893.79. Expenses, $38,475.83. Net land receipts, $104,417.96;
surplus forward, $15,277.81 — total, transferred to railroad income (see income account on p. 246), $119,695.77.

Interest on preferred stock payable in New York, N. Y.
Trust Co., New York.

Trustee of bonds : Central

RAILROADS OWNED OK OPERATED BY THE ST. PAUL AND DULUTH RR. Co.

DnlntH Short Line Ry.— Thomson, Minn., to
West End June., Minn., 13.75 m.; West Superior
June., Minn., to West Superior, Wls., 4 m., includ-
ing bridge over St. Louis River. Gauge, 4 ft. 8i in.
Rail (steel), 67 Ibs. Chartered July 1, 1886; road
opened in Sept., 1888. Leased for 09 years from
Sept. 1, 1886, to the St. Paul and Duluth RR. Co.,
rental being interest on bonds. Capital stock ($100
shares), $600,000 (all owned by the St. P. & D. RR.
Co.); funded debt, 1st mtge. 5 p. c. 30-yr. cy. bonds,
due Sept. 1, 1916, Interest March and Sept., $500.000
—total, representing cost, etc., $1,100,000. The bonds
are guaranteed, principal and interest, by the St.
Paul and Duluth RR. Co.; principal payable at the
office of the Central Trust Co., New York, N. Y.
Coupons payable at New York office, 32 Nassau St.
They are for $1,000 each, and are coup., with privi-
lege of registration. Trustee: Central Trust Co.,
New York. R. Somers Hayes, Pres., New York, N.
Y.; A. V. Williams, Sec. & Treas., St. Paul, Minn.
Corporate Office, St. Paul, Minn.

Minneapolis and liulii t h RR.— M.& D. Jet.
to Sec. 13, East Minneapolis, 12.30 miles. The con-
struction of this road was originally authorized under
the charter granted to the Minnesota Western RR.
Co., dated March 3, 1857. By act of Feb. 4. 1870,
that company was empowered to divide into separate
and distinct companies and to adopt different names.
(See Minneapolis and St. Louis RR.) The construc-
tion of this road was begun in April, 1871, and on
Aug. 15 of that year it was opened for business.
On Its completion it was leased to the Lake Superior
and Mississippi RR. Co., but on default of that com-
pany It reverted to the control of its stockholders,
who subsequently leased it to the Minneapolis and
St. Louis Co. In May, 1881, it was merged into the
latter corporation, and shortly thereafter the St.
Paul and Duluth acquired control of it under the
term of a lease by which the rental Is a percentage
of gross earnings on local business— in 1897, $27,-
628.60.

Stillwater and St. Panl RR.— White Bear
to Stillwater, Minn.. 12.50 miles. Chartered Jan. 24,
1867; opened Dec. 9, 1870. Leased to St. Paul and

Duluth RR. 'Co. for 999 years, from Jan. 1, 1871, for
$20,000 a year. Capital stock (owned chiefly by St.
P. & D. RR. Co.), $400,000; funded debt, 1st mtge.
7 p. c. 30-yr. gold bonds, due Dec. 1, 1900, $400,000
—total, representing cost, etc., $800,000. Bonds out-
standing June 30, 1897, $209,500, Interest on which
is paid from annual rental. Trustees of bonds: J. H.
Dlngee and S. Henry Norris, Philadelphia, Pa. In-
terest payable at 32 Nassau St., New York, N. Y.
State land grant, 65,113 acres, all sold. R. Somers
Hayes, Pres.; A. V. Williams, Sec. & Treas., St.
Paul, Minn.

Taylor's Falls and Lake Superior RR.

--Wyoming to Taylor's Falls, Minn., 20.50 m.; total
track, 22 miles. (For complete history of this com-
pany and its relation to the St. Paul and Duluth and
the Minneapolis and St. Louis RR. Cos., see Manual
for 1894.) On Oct. 12, 1880, the line was leased to
the Minneapolis and St. Louis Ry. Co., at 30 p. c. of.
the gross earnings from local business. Later in the;
same year the Duluth Company acquired a half inter-
est in this lease, and on Aug.. 1, 1883, acquired th«
remaining half interest, as well as full title to tho
proportion of the Taylor's Falls stock previously
owned by the Minneapolis Company. Immediately
following that transfer the St. Paul and Duluth pur-
chased and cancelled the $246,000 Minneapolis and
St. Louis bonds, which were secured by a lien on the
road, the Taylor's Falls and Lake Superior RR. Co.
issuing, in order to meet the liability thus Incurred,
to repay the St. P. & D. for its share of construction
expenses, $210,000 1st mtge. 6 p. c. 30-yr. $1,000
coup. cy. bonds, due Jan. 1, 1914, interest payable
from rental, Jan. and July (guaranteed by lessee).
Trustee of bonds: "Central Trust Co., New York.
Capital stock (all owned by the St. P. & D. RR.
Co.), $405,000. The company has a land grant of
seven sections per mile of road— of which unsold,
June 30, 1897, 57,952.77 acres. R. Somers Hayes,
Pres.; A. B. Plough, Vice-Pres.; A. V. Williams,
Treas. & Asst. Sec., St. Paul, Minn.; Geo. W. Sey-
mour, Sec., Taylor's Falls, Minn. General Office.
St. Paul, Minn.

Board of Directors, St. P. & D. RR. Co., elected Oct. 14, 1897.

Term expires in Oct., 1898.

A. H. Stevens .New York, N. T.

G. G. Haven, Jr. . . "
Clarence S. Day... "

Term expires in Oct., 1899.

R. B. Dodson New York, N. Y.

John L. Hiker "

A. B. Plough St. Paul, Minn.

Term expires in Oct., 1900.
R. Somers Hayes. .New York, N. Y.
Thomas Denny ... " "

W. R. Merriam St. Paul, Minn.

R. SOMERS HAYES, President 32 Nassau St., New York, N. Y.

A. B. Plough, Vice- President and General Manager St. Paul, Minn.

Sec. <k Treas.— A. V. Williams St. Paul, Minn.

Asst. Sec. dk Asst. Treas.— F. S. Rollins. New York, N.Y.

Auditor— D. A. McKinlay St. Paul, Minn.

Gen. Solicitors— Hadley & Armstrong. . " •"

PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.

ALBIA AND CENTEBVILLE RY.— Albia to Centervilleja.. 24.44m.; total track (steel, 24.44m.),
27.56 miles. Gauge, 4 ft. 8J in. Rail -iron, 56 ; steel, 60 Ibs. Reorganization, April 1, 1890, of the Centerville,
Moravia and Albia RR. Co. The company owns no equipment. The la. Cent. Ry. Co. runs three trains through
from Oskaloosa ma Albia to Cer.terville and return, supplying everything, including train and engine crews, at a
fixed price per mile.

Operations, year ending June 30, 1897.— Trains rnn (passenger, 27,992 ; freight, 18,100 ; other, 586), 46,678
miles. Passengers carried, 13,881 ; carried one mile, 242,950. Tons moved, 156,588 ; ton-miles, 2,009,425. Earn-
ings (passenger, $7,201 ; freight, $37,029 ; other, $1,709), $45,939. Operating expenses, $83,688. Net earnings,
$12,251 ; other receipts, $432— total, $12,683. Payments : Taxes, $1,270 ; other payments, $51— total, $1,320. Sur-
plus, $11,362 ; surplus forward, $8,469— total, $19,831.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $400,000 ; accounts, $12,475 ; taxea
accrued, $600 ; profit and loss, $19,831— total, $432,906. Contra : Cost of road, $400,000 ; accounts, $5,161 ; cash,
$25,229 ; suspense account, $2,516— total,$432,906.

Directors (elected Sept. 3, 1897).— F. M. Drake, Des Moines, la. ; Russell Sage, C. W. Osborne, E. C. Osboni,
J. J. Slocnm, New York, N. Y. OFFICERS : P. M. DRAKE, Pm., Des Moines, la. : Russell Sage, Vice-Pres. & Treas.,
New York, N. Y.; T. I. Wasson, Sec., Asst. Treas. & And.; L. M. Martin, Gen. Mgr., Marslialltown, la. GBN-
EKAL OFFICE, Marshalltown, la.

POOR'S MANUAL OF RAILROADS. 249

AMES AND COLLEGE BY.— Ames to College, la., 1.98m.; sidings, 0.07 mile. Locomotives, 2. Cars
(passenger, 1 ; other, 1), 2.

Operations, year ending June 30, 1897.— Passengers carried, 64,477. Earnings (passenger, $3,224 ; freight,
$1,366 ; other, $624), $5,214. Operating expenses, $3,224. Net earnings. $1,990.

Fiuancial Statement, June 30, 1896 (latest rendered).— Capital slock, $20,000 ; profit and loss, $4,418.
Contra • Cost of road, $24,321 ; other assets, $97.

Directors. — W. M. Greeley, E. W. Stanton, M. K. Smith, J. L. Budd, M. Stalker, C. F. Curtis, Ames, la.;
Jas. Wilson, Washington, D. C. OFFICERS : W. M. GREELEY, Pres.; E. W. Stanton, Vice-Pres.; M. K. Smith,
Sec., Treas., <fc Gen. Mgr., Ames, la. GENERAL OFFICE, Ames, la.

BLACK HILLS AND FOBT PIERRE BB.— Golden Gate to Piedmont, So. Dak., 37.94 m.,
branches, 2.06 m.— total, 40 m.; sidings, etc., 6.7 miles. Gauge, 3 ft. Rail (steel, 40 m.), 40 Ibs. Chartered June 15
1881 ; road completed in 1891. Locomotives, 5. Cars— passenger, 2 ; baggage, 2 ; freight (box, 16 ; flat, 69 ; coal
30), 115— total, 119.

Operations, year ending June 30, 1897 — Earnings (passenger, $7,832; freight, $137,511; other, $18),
$145,361. Operating expenses and taxes, $117,754. Net earnings, $27,607.

Financial Statement, June 30, 1897.— Capital stock (shares, §100), $500,000 ; current liabilities, $346,-
673 ; profit and loss, $583,179— total, $1,429,858. Contra : Cost of road, etc., $625,069 ; cash and cash assets,
$804,?83-total, $l,429,a52.

Directors.— James B. Haggin, New York, N. Y.; Thomas J. Grier, D. K. Dickinson, Richard Blackstone,
Lead City, So. Dak.; G. C. Moody, Deadwood, So. Dak. OFFICERS : JAMES B. HAGGIN, Pres. <& 7V«os.,New
York, N. Y.; Thomas J. Grier, Sec. & Gen. Mgr.j Richard Blackstone, Supt., Lead City, So. Dak. GENERAL
OFFICE, Lead City, So. Dak.

BOONE VALLEY COAL AND BY.— Fraser to Fraser June., la., 3 miles. Rail (steel), 60 Ibs.
Gauge, 4 ft. 8J in. Chartered Feb. 23, 1893 ; road opened Oct., 1893. Locomotives, 2. Car (caboose), 1. Business
of road is confined to hauling coal of company. Tons moved, year ending June 30, 1897, 122,838.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock (shares, $100) authorized (not
including coal lands and other property) and outstanding— common, $17,500 ; preferred, $17,500— total, $35,000 ;
funded debt, $9,000— total stock and bonds, $44,000. Cost of road, $35,000 ; equipment, $10,000— total, $45,000.

Directors.— J. Hamilton Brown, Boone, la.; Norman D. Fraser, David R. Fraser, Chicago, 111.; S. T. Mes-
ervey, Ft. Dodge, la.; O. M. Carpenter, Fraser, la.; OFFICERS : J. HAMILTON BROWN, Pres., Boone, la.; S.
T. Meservey, Vice-Pres. & Treat., Ft. Dodge, la.; Wm. A. Kelly, Sec.; O. M. Carpenter, Gen. Mgr., Fraser,
la. GENERAL OFFICE, Fraser, la.

BBAINEBD AND NOBTHEBN MINNESOTA BY.— Brainerd to Walker, Minn., 59.13 m.;
branches to logging stations, 45.7 m. — total, 104 83 m. ; total track (steel ; 32 and 45 Ibs.), 111.12 miles. Gauge, 4 ft.
8t in. Organized May 9, 1892 ; main line completed as above, Feb. 25, 1896. Locomotives, 10. Cars — passenger,
2 ; freight (box, 1 ; flat, 23 • log. 376 ; caboose, 5), 405— total, 407. •

Operations, year ending June 30, 1897.— Trains run (passenger, 9,425 ; freight, 96,223), 105,648 miles. Pas-
sengers carried, 12,352 ; carried one mile, 439,113. Tons moved, 330,980 ; ton-miles, 13,116,000. Earnings (pas-
senger, $11,176 ; freight, $155,998 ; other, $3,210), $170,384. Operating expenses, $83,791. Net earnings, $86,593.
Payments : Interest on loans, $25,596 ; taxes, etc., $2,347— total, $27,943. Surplus, $58,650 ; surplus forward,
$57,926— total, $116,577.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $500,000 ; bills payable, 525,440 ;
Minnesota Logging Co., $456,744 ; unpaid vouchers, $6,746 : pay rolls, $3,562 ; profit and loss, $116,576— total,
$1,109,068. Contra: Cost of road, $915,105; equipment, $157,125; materials, etc., $6,962; cash and current
assets, §29,876-total, $1,109,068.

Directors (elected June 8, 1897). -B. F. Nelson, E. P. Welles, E. W. Backus, C. F. Welles, J. E. Carpenter,
A. E. How, C. A. Pillsbnry, Minneapolis, Minn. OFFICES : C. A. PILLSBURY, Pres.; J. E. Carpenter, Vice-Pres.;
E. L. Carpenter, Treas.; Wm. F. Brooks, Sec., Minneapolis, Minn.; E. H. Hoar, Gen. Mgr., Brainerd, Minn.;
C. W. Schneider, And., Minneapolis, Minn. GENERAL OFFICE, Minneapolis, Minn.

CHICAGO, FOBT MADISON AND DES MOINES BY.-Fert Madison to Ottnmwa, la., 71 m.;
sidings, 7.6 miles. Gauge, 4 ft. 8$ in. Rail (steel), 60 Ibs. Locomotives, 3. Cars — passenger, 3 ; freight (box, 18;
stock, 5 ; coal 10), 33 ; caboose, 2— total, 38.

Operations, year ending June 80, 1897.— Trains run (passenger, 47,735; freight, 51,207 ; other, 5,362), 104,-
304 miles. Passengers carried, 27,320- carried one mile, 514,172. Tons moved, 29,732; ton-miles, 1,447,000.
Earnings (passenger, $14,878 ; freight, $48,897 ; other, $10,038), $73,814. Operating expenses. $65.272. " Net earn-
ings, $8,541. Payments: Interest on bonds, ?6,565; taxes, $3,523— total, $10,088. Deficit, $1,222; deficit forward,
$1,547— total, $2,768.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $1,970,200 ; funded debt (1st mtge. 5
p. c. 20-yr. $1,000 coup. cy. bonds, due 1912, interest Jan. 1 and July 1), $1,313,000 ; current accounts, $9,604 ;
taxes accrned, not yet due, $1,573; unpaid coupons, $5,506 ; profit and loss, $2,768— total, $3,302,651. Contra:
Cost of property, $3,283,200 ; materials, etc., $2,901 ; acconntSj $5,377 ; cash, $5,711 ; other property and assets,
$5,462— total, $3,302,651. There is also outstanding inconle scrip to the amount of $133,835, which was issued as
part payment of the interest due July 1, 1894, Jan. 1 and July 1, 1895, Jan. 1 and July 1, 1896, and Jan. 1 and July
1, 1897. Inasmuch as this scrip is payable out of the surplus net earnings after all other expenditures have been
provided for, it is, therefore, a contingent liability, and is not included in above statement. Interest on bonds
payable at the office of the trustee, American Loan and Trust Co., Boston, Mass.

Directors.— D. B. Dewey, E. S. Conway, Jesse A. Baldwin, E. B. Leigh, D. S. Wegg, Chicago, 111.; I. T.
Burr, G. T. W. Braman, Boston, Mass.; E. H. Skinner, Birmingham, la.; Samuel Atlee, Fort Madison, la. OFFI-
1 CERS : E. S. CONWAY, Pres., Chicago, 111.; E. F. Potter, Vice-Pres. & Gen. Mar.; E. H. Skinner, Sec. & Treas.,
i Birmingham, la.; J. P. Irving, And., Fort Madison, la. GENERAL OFFICE, Fort Madison, la.

CHICAGO, IOWA AND DAKOTA BY.— Eldora June., to Alden, la., 26.4 m., sidings, 3.17 miles.
Gauge, 4 ft. 8i in. Rail (steel, 26.4 m.), 50 Ibs. Chartered June, 1882 ; road opened Jan. 1, 1884. Locomotives, 2.
Cars— passenger, 1 ; freight (box, 2 ; stock, 2 ; flat, 9 ; coal, 3), 16 ; other, 2— total, 19.

Operations, year ending June 30, 1897.— Trains run (passenger, 12,870 ; freight, 25,740), 38,610 miles.
Passengers carried, 19,302 ; carried one mile, 270,228. Tons moved, 24,075 ; ton-miles, 288,900. Earnings (pas-
senger, $8,440 ; freight, $23,625 ; other, $1,6%), $32,065. Operating expenses, $21,945. Net earnings, $10,120.

Financial Statement, June 30, 1896(tato< rendered}.— Capital stock (common, $229,000; preferred, $132,-
000), $361,000 ; funded debt, 1st mtge. 4 p. c. 50-yr. $1,000 gold coup, bonds, due Dec. 1, 1932, interest June and
Dec. in New York City (auth., $1,200,000), $264,000; bills payable, $3,000; accounts, $1.309-total, $629,309.
1 Contra : Cost of road, etc., $421,855 ; real estate, etc., $3,500 ; securities owned, $54,000 ; materials, etc., $2,003 ;
i bills and cash, $1,867— total, $483,225. Capital stock authorized (common, $800,000 ; preferred, $400,000), $1,-
200,000. Trustees of bonds : Blair & Co., New York, N. Y.

Directors.— Conrad Miller, Bangor, Pa. ; Clarence B. Mitchell, New York, N. Y. ; H. N. Brockwny, Garner,
la.; J. D. Newcomer, W. L. Porter, H. C. Stuart, Eldora, la.; J. J. Heintzleman, Nazareth, Pa. OFFICERS : CON-
RAD MILLER, Pres., Bangor, Pa.; Clarence B. Mitchell, Vice-Pres., New York, N. Y.; J. D. Newcomer, Treas.,
Eldora, la.; H, N. Brockway, Sec., Garner, la.; H. C. Stuart, Aud., Eldora, la. GENERAL OFFICE, Eldora, la.

250 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

CROOKED CREEK BB. (AND COAL).— Lehigh to Webster City, la., 17.61 m.: Border PlainB to
Judd, la., 4.8 m.— total, 22.41 miles. Sidings, 3.28 miles. Gauge, 4 ft. 8& in. Rail (steel, 17.61 m.), 30 and 56 Ibs.
Incorp. Nov. 8, 1875 ; road opened Nov. 15, 1875. Webster City and Southwestern RR., Border Plains to Webster
City, 13.37 m., purchased in 1892. Locomotives, 2. Freight cars (stock, 2; coal, 30), 32; other, 1— total, 33.

Operations, year ending June 30, 1897.— Earnings (passenger, $719 ; freight, $8,624 ; other, $709) $10,052.
Operating expenses, $13,731. Deficit from operations, $3,679.

Financial Statement, June 30, 1897.— Capital stock (shares, $JOO)— preferred, $9,373; common, $115,000;
profit and loss, $90,743— total, $215,116. Contra: Cost of property, $210,655 : cash, $4,461— total, $215,116.

Directors Telected Sept. 29, 18970-- Walter C. Willson, J. M. Punk, P. E. Willson, John Q. Burnham, C. T.
Burnham, A. K. Hamilton, Henry W. Leman, Webster City, la. OFFICERS : WALTER C. WILLSON, Pres. <& Gen.
Mgr., Webster City. la.; John Q. Bnrnham, Vtce-Pres., Milwaukee, Wis.; J. M. Punk, Sec. & Treat., Webster
City, la.; C. M. Kellogg, And., Lehigh, la. GENERAL OFFICE, Lehigh, la.

DAKOTA, WYOMING- AND MISSOTTBI BIVEB BB.-.tfairt Lines Projected ; Rapid City to
Mystic, S. D., 32 m.; Mystic, S. D., to Skull Creek, Wyom., 50 m.; Rapid City to Chamberlain, S. D., 215 m.—
total, 297 miles. Branches Projected : Pactola to Keystone, 14m.; Big Bend to Hat Mountain, 3 m.— total lines
projected, 314 miles. Completed, Jan. 1, 1898 : Rapid City to Scott's Mill, 8 miles. Gauge, 4 ft. 8} in. Rail
(steel), 65 Ibg. Locomotive, 1. Cars (freight), 20. Chartered Sept., 1891 ; road completed as above in 1895.
Grading completed from Scott's Mill to Mystic, 24 miles.

Financial Statement, April 1, 1898.— Capital stock (shares, $100) authorized, $20,000 p. m.; paid in,
$318,006 ; funded debt (1st mtge. 6 p. c. 20-yr. gold bonds, dated Oct., 1891, interest payable in New York, anth.,
•980,000); issued and outstanding, $160,000 ; other liabilities, $32,000. Cost of road, etc., to date, $468,000.
Estimated cost of completed road, $6,500,000. Trustee of bonds : Metropolitan Trust Co., New York, N. Y.

Directors.— J. H. Mnhlke, G. C. Furst, F. O. Murdock, Chicago, 111.; C. D. Matteson, J. B. Henry, Wm.
T. Coad, Rapid City, So. Dak. OFFICERS: WM. T. GOAD, Pres. & Gen.Mqr., Rapid City, So. Dak.; J. H.Muhlke,
VicfrPres.; G. C. Furst, Treat.; F. O. Murdock, Sec., Chicago, 111.; W. M. Wright, Chief-Eng., Rapid City, So.
Dak. GENERAL OFFICE, Rapid City, So. Dak.

DBS MOINES, NOBTHERN AND WESTEBN BB.-Des Moines to Fonda, la., 111.97 m.;
Clive to Boone, la., 34.80 m.— total, 146.77 m.; trackage— Des Moines Union By.: Terminals at DCS Moines, 2 12
m.— total operated, 148.89 m.; sidings, etc., 11 miles. Gauge, 4 ft. 8^ in. Rail (steel), 56 and 68 Ibs. Reorgani-
zation., March 1, 1895, of the Des Moines, Northern and Western Ry. Co., whose property was sold under fp-e-
closure on Dec. 18, 1894. (See MANUAL for 1895.) Locomotives, 11. Cars— passenger, 13 ; baggage, etc., 3 ; freight
(box, 100 ; flat, 27 ; coal, 53 ; stock, 50), 230 ; caboose, 4 ; other, 1— total, 251.

Operations, year ending June 30, 1897.— Trains run (passenger, 178,259 ; freight, 107,638 ; mixed, 31,300),
317,197 miles. Passengers carried, 154,824 ; carried one mile, 3,880,442. Tons moved, 325,199 ; ton-miles, 13,-
534,405. Earnings (passenger, $92,780 : freight, $303,540 ; other, $23,816), $420,136. Operating expenses, $329,-
279. Net earnings, $90,857 ; other receipts, $1,181— total, $92,038. Payments: Interest on bonds, $116,676 ; other
interest, $487 ; taxes, $13,550— total, $130,663. Deficit, $38,625 ; deficit forward, $1,799— total, $40,424.

Financial Statement, June 30, 1897.— Capital stock (shares, $100; auth., $8,000,000), $4,372,500 ; funded
debt (1st mtge. 4 p. c. 20-yr. $1,000 coup, bonds, due Jan. 1, 1915, interest Jan. and July at the office of the trus-
tee, Metropolitan Trust Co., New York, N. Y., auth., $5,415,000), $2,902,000 ; 7 p. c. equipment trust obligations
(contra), $6,222; loans and bills payable, $13,000 ; accounts, $43,594 ; interest coup, unpaid, $77,140 ; taxes accrued,
not due, $9,379— total, $7,428,835. Contra : Cost of road, etc., $7,310,364 ; equipment trust (contra), $6,222 ; ma-
terials, etc., $24,825 ; accounts, $46,031 ; cash, $969 ; profit and loss, $40,424— total, $7,428,835.

Directors (elected Jan. 6, 1898).— F. M. Hubbell, F. C. Hubbell, H. D. Thompson, A. B. Cnmmins, Des
Moines, la.; C. A. Goodnow, A. J. Earling, Chicago. 111.; P. M. Myers, Milwaukee, Wis. OFFICERS : F. M.
HUBBELL. Pres.; F. C. Hnbbell, 1st Vice-Pres., Supt. <fc Purch. Agt.; II. D. Thompson, Zd Tice-Pres. & Treat.;
Cyrus Kirk, Sec.; W. J. Souder, And., Dee Moines, la. GENERAL OFFICE, Des Moines, la.

DES MOINES UNION BY.— In Des Moines, Ta., 8.7 m. ; total track (steel, 14.7 m.), 17.7 miles. Rail,
66, 60 and 68 Ibs. Gauge, 4 ft. 8* in. Chartered, Jan. 7, 1886 ; road opened, Jan., 1886. Locomotives, 3. A ter-
minal road, operated for the benefit of its owners. Has no income. The roads nsing terminals (W abash KR.,
Chicago Great Western Ry., and Des Moines, Northern and Western RR.) are charged for actual cost of operating
and for interest on bonds. Operating expenses, year ending June 30, 1897, $102,179 ; interest on bonds, $28,450 ;
on debt, $813— total, $131,442.

Financial Statement, June 30, 1897.— Capital stock ($2,000,000 auth. ; $100 shares), paid in, $400,000 ;
funded debt (1st mtge. 5 p. c. 30- yr. $1,000 gold coup, bonds, due Nov. 1, 1917, interest May and Nov., auth., $800,-
000). $569,000 ; bills payable, $43,798 ; current accounts, $16,437— total, $1,029,235. Contra : Cost of property,
$994,000 ; materials, etc., $5,279 ; bills receivable, $29,939 ; cash, $17— total, $1,029,235. Interest on bonds pay-
able at the office of the trnstee. Central Trust Co., New York, N. Y.

Directors (elected Jan. «, 1898).— F. C. Hubbell, F. M. Hubbell, H. D. Thompson, Cyrus Kirk, A. B. Cum-
mins, C. Huttenlocher, Des Moines, la. • Joseph Ramsey, Jr., JH. L. Magee, St. Louis, Mo. OFFICERS : F. O.
HUBBELL, Pres. <fc Purch. Agt.: A. B. Cnmmins, Vice-Pres.: H. D. Thompson, Treas.; F. M. Hnbbell, Sec.; E.
G. Mitchell, Aud., Des Moines, la. GENERAL OFFICE, Des Moines, la.

DT7LUTH, MISS ABE AND NOBTHEBN BY.— Stony Brook to Mountain Iron, Minn., 47.57 m.;
branches to mines, 91.10 m.: trackage, Duluth to Missabe June., 1.90 m.— total operated, 140.57 m.; sidings, 30.04
miles. Gauge, 4 ft. 8j- in. Rail (steel, 166.57 m.), 60 and 80 Ibs. Incorp. Feb. 11, 1891 ; road completed as above
during the year 1894-95 (see MANUAL for 1895). Locomotives, 26. Cars— passenger, 7 ; baggage, mail, etc.. 1 ;
freight (box, 45 ; flat, 219 ; ore, 1,801), 2,065 ; caboose, 17 ; other. 3-total cars, 2,093, of which 849 are leased.

Operations, year ending June 30, 1897.— Passengers carried, 28,556: carried one mile, 1,003,025. Tons
moved, 2,098,657 ; ton-miles, 159,248,169. Earnings— passenger, $29,336 ; freight, $1,544,560 ; other, $12,348— total,
$1,586,245. Operating expenses, $575.840. Net earnings, $1,010,404 ; other receipts, $11,690— total income, $1 ,022,-
095. Payments: Interest on bonds, $286,000; taxes, $31,729 ; other deductions, $588,185— total, $905,914. Sur-
plus, $116,181 ; surplus forward, $9,163— total, $125,344. -jtf

Financial Statement, June 30, 1897.— Capital stock (shares, $100; auth., $5,000,000), $3,512,500 ; funded
debt (see below), $5,463,947 ; current accounts. $183,452 ; sinking fund installments paid, $594,811 ; accretions to
sinking fund, §156,958 ; securities retired and cancelled from income, $437,706 ; profit and loss, $125,315— total,
$9,474,718. Contra : Cost of property, $7,909,585 ; stocks owned, $130,751 ; bonds owned, $100,000 ; cash and
current assets, $517,634; materials, etc, $64,979 ; sinking fund, $751.769— total, $9,474,718. Funded debt ontsti ,nd-
ing consists' of $1,174,000 1st mtgu. ($1,300,000 auth.) 6 p. c. 30-yr. gold bonds, due Jan.], 1922, interest Jan. and
July ; $2,326,000 consol. 1st mtge. (auth., $3.500.000) 6 p. c. 30-yr. $1,000 gold bonds, due Jan. 1, 1923, interest Jan.
and July; $1,900,000 gen. 2d mtge. ($3,500,000 auth.) 4 p. c. 30-yr. bonds, dae Jan. 1, 1924, interest Jan. and
July ; and $63.947 equipment trust obligations. Interest on Ists payable at Metropolitan Trust t!o., New York,
N. Y. : on 2ds at Central Trust Co., New York, N. Y. A sufficient amount ($1,200,000) of the consol. Ists is held
in escrow to retire the Ists. Of tlie $2,326,000 outstanding consol. Ists, $1,000 is owned by the company. In
March, 1898 a mtge. was executed to secure an issue of $5,000,000 5 p. c. $1,000 gold bonds due 1918/ Of thi»
amount $3,500,000 are to retire a like amount of gen. 2d mtge. bonds of Jan. 1, 1924, and the balance is for the cor-
porate purposes of the company.

V

POOR'S MANUAL OF RAILROADS. 251

Directors (elected Feli. 8, 1898).— Fred T. Gates, New York, N. Y.; A. D. Thomson, Alex. McDongall,
Wm. J. Olcott, Joseph B. Cotton, 8. R. Payne, Geo. D. Swift, Duluth, Minn. OFFICERS : F. T. GATES,
Pref., 26 Broadway, New York, N. Y.; Wm. J. Olcott, 1st Vice-Pres.; S. R. Payne, Sec.; E. 8. Kempton, Treas.;
3. B. Hauson, Aud., Duluth, Minn. GENERAL OFFICE, Dulnth, Minn.

DULUTH, MISSISSIPPI RIVER AND NORTHERN HR.-Main Lines : Mississippi to
Kelly Lake, Minn., 31.80 m.; Kelly Lake to Hibbing, Minn., 3.76 m. ; branch, Agnew June, to Mahoning, 0.94 m.
—total, 36.5 miles. Sidings, 5.73 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs. Chartered March 16, 1892 ; road
opened July 1, 1895. Locomotives, 7. Cars— passenger, 2 ; freight (box, 2 ; flat, 30), 32 ; caboose, 2 ; other, 3 —
total cars, 38.

Surplus, $5,3:9 ; deficit forward, $7,408; net deficit, $2,079.

Financial Statement, June 30, 1897.— Capital stock (anth., $25,000 ; shares, $100), $4,800; funded debt
(1st mt"e. 5 p. c. $1.000 gold coup, bonds, issued May 27, 1895, due Jan. 1, 1924, interest Jan. 1 and July 1, at the
Chemical National Bank, New York, N.Y. ; auth., $2,250,000), 8728,000 ; accounts, $5,092— total, $737,892. Contra :
Cost, of road, etc., $727,631 ; materials, etc., $72; accounts, $4,241 ; cash, $3,868; profit and loss, $2,079— total,
$737,892. The 1st mtge. bonds are secured by mtge. of the entire property or the company now owned or which
may hereafter be acquired. Trustee : Central Trust Co., New York, N. Y.

Directors (elected Jan. 18, 1898).— A. W. Wright, Alma, Mich.; Charles H. Davis, Willis T. Knowlton, Gil-
bert M. Stark, Edwin P. Stone, Saginaw, Mich. OFFICERS: A. W. WRIGHT, Pres., Alma, Mich.; Charles H.
Davis, Vice-Pres.; Willis T. Knowlton, Sec. <& Treas., Saginaw, Mich. ; John F. Killorin, Gen. Mgr., Swan River,
Minn. GENERAL OFFICES, Saginaw, W. 8., Mich, and Swan River, Mum.

DULTJTH, RED WINO- AND SOUTHERN RR.-Red Wing to Zumbrota, Minn., 25m.; Clay
Banks to Clay Pits, 2m.; Red Wing to Sewer Pipe Works, 1 m.— total, 28 m. ; sidings, 2 miles. Gauge, 4 ft. 8i in.
Rail (steel) 60 Ibs. Incorp. Oct. 26, 1886; road opened May 13, 1889. Locomotives, 3. Cars— passenger, 1; bag-
gage, etc., 1; freight (box, 10; clay, 33), 43— total, 45.

Operations, year ending June 30, 1897.— Trains ran (passenger, 16,650; freight, 32,040), 48,690 miles. Pas-
sengers carried, 29,857; carriea one mile, 597,140. Tons moved, 71,418; ton-miles, 1,214,106. Earnings (passen-
ger, $17,111; freight, $46,229; other, $2,468), $65,808. Operating expenses, $44,792. Net earnings, $21,016. Pay-
ments: Interest on debt, $15,548; taxes, $1,371; other payments, $228— total, $17,145. Surplus, $3,870; surplus
forward, $35,487— total, $39,357.

Financial Statement. June 30, 1897.— Capital stock (shares, $100) authorized— common, $10,000,000;
preferred, $5,000,000— total, $15,000,000. Funded debt outstanding consists of $500,000 (auth., $20,000 p. m,) 1st
mtge. 5 p. c. 40-yr. $1,000 gold coup, bonds, due July 1, 1928, interest Jan. and July, at the office of the trustee,
Central Trust Co., New York, N. Y.

Directors (elected Nov. 10, 1897).— T. B. Sheldon, L. F. Hubbard. S. B. Foot, G. H. Crary, Wm. Danforth,
Red Wing, Minn.; W. C. Rice, Zumbrota, Minn.: M. J. Toher, W. H. Twiford, Owatonna, Minn.; W. A. Morin,
Albert Lea, Minn.; A. T. Stebbins, Rochester, Minn.; C. R. Morse, H. O. Powell, River Falls, Wis.; J. W. Park,
Balsam Lake, Wis.; C. N. McLaughlin, Winona, Minn. OFFICERS: T. B. SHELDON, Pres.; S. B. Foot. Vice-
Pres.; G. H. Crary, Sec. & Treas.j L. F. Hubbard, Gen. Mgr.; G. C. Davis, Aud., Red Wing, Minn. GENBKAL
OFFICE, Red Wing, Minn.

DULUTH TRANSFER RY.— Duluth to New Dulnth, Minn., 12m.; branch in Duluth, 2 m.— total,
14 m.; sidings, 10 miles. Gauge, 4 ft. 8i in. Rail (steel), 60, 63, and 66 Ibs. Chartered May 31, 1890: built in 1892.
(See MANUAL for 1893.) In March, 1898, this company had in operation 25 miles of track, including tracks 60
located a? to furnish switching facilities throughout the entire water and river front, and to the principal indus-
tries of Duluth and vicinity. It has direct connection, and does transfer and freight business with the following
named railroads: Chicago, St. Paul, Minneapolis and Omaha Ry., Northern Pacific Ry., Duluth. Superior and West-
ern Ry., Dnluth, Missabe and Northern Ry., Great Northern Ry. and St. Paul and Duluth RR. An extension of this
system to Superior, Wis., is projected under the title of the Duluth Superior Belt By. Co. Default was made on
interest due Jan. 1, 1896, and a receiver was appointed on Sept. 28, 1896. A decree of foreclosure was entered in
Dec., 1896; npset price, $500,000. A bondholders' committee has been appointed but no plan of reorganization
had been proposed up to April 1, 1898. Locomotives. 3. Flat freight cars, 20.

Financial Statement, Jan. 1, 1897.— Capital stock ($100 shares) authorized and outstanding, $2,000,000;
funded debt (1st mtge. 6 p. c. 30-yr. $1,000 gold bonds, due Jan. 1, 1921, interest Jan. and July at the office of the
trustee, Metropolitan Trust Co., New York, N. Y.. anth., $2,000,000), outstanding, $1,180,000— total stock and
bonds, $3,180,000. The mtge. provides for bonds at the rate of $50,000 p. m. between Ironton and Lake Avenue,
Duluth, $20,000 p. m. for additional single track, $13,200 p. m. for double track, and $750,000 for depot grounds,
depots at Duluth and West Duluth, wharves, freight houses, etc.

Directors.— O. H. Simonds, J. L. Wash burn, J. A. Modica, Duluth, Minn.; John A. Willard, Mankato,
Minn.; Thomas S. Krutz, T. G. Hillhouse, C. C. Cuyler, New York, N. Y. OFFICERS: JOHN ELIOT BOWLES, Rec.,
35 Wall St., New York, N. Y.; Presidency, vacant; Thomas S. Krutz, 1st Vice-Pres., New York, N. Y.; J. A.
Willard, Zd Vice-Pres., Mankato, Minn.; R. P. Gogin, Acting Aud.; P. A. Mitchell, Gen. Supt., Duinth, Minn.
GENERAL OFFICE. Duluth, Minn.

ELLISTON AND SOUTHERN RR.— Projected: Elliston, Mont., to Peerless Mine, 15 miles. Com-
pleted, Dec. 31, 1897: near Elliston, 6 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Chartered Feb. 25, 1896, and
acquired the right and title to 6 m. of track built in 1892 for transporting mining timber and wood to the main line
of the Northern Pacific Ry. The road is intended to supply a connection between the Red Mountain mining dis-
trict and the Blackfoot River. There are ten mines along the line of the proposed road. The company owns 1
locomotive; the N; P. Ry. Co. supplies the necessary cars. Capital stock auth., $100,000; subscribed and paid
up, $20,000. Contra : Cost of road, etc., exclusive of metal leased from the N. P. Ry. Co., $20,000.

Directors.— W. B. Edgar, W. H. Cameron, Elliston, Mont.; C. Hedges, Geo. F. Cope, F. L. Sizer, Helena,
Mont. OFFICERS: W. B. EDGAR, Pres., Elliston, Mont.; C. Hedges, Vice-Pres.; Geo. F. Cope, Treas., Helena,
Mont.; W. H. Cameron, Sec., Elliston, Mont. GENERAL OFFICE, Elliston, Mont.

GREAT FALLS AND CANADA RY.— Great Falls, Mont., to Sweet Grass at International Line,
134.37 miles. Sidings, 5.53 miles. Gauge, 3 ft. Rail (steel), 35 Ibs. Chartered Oct. 2, 1889; road completed Oct.
1, 1890. Connects at Sweet Grass with the Alberta Ry. and Coal Co's. line, and at Shelby June, and Great Falls
with the G. N. Ry. Locomotives, 7. Cars— passenger, 2; baggage, etc., 1; freight (box, 10; coal, 149), 159;
caboose, 4; other, 4— total, 170.

Operations, year ending June 30, 1897.— Trains run (mixed), 94,288 miles. Passengers carried, 5,617; car-
ried one mile, 403,121. Tons moved, 45,710; ton-miles, 5,866,847. Earnings (passenger, $16,606; freight, $67,819;
other, $5,103), $89.528. Operating expenses, $72,936. Net earnings, $16,592. Sundry payments, $7,254. Surplus,
$9,339; deficit forward. $40,311; net deficit, $30,973.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $2,000,000; funded debt (1st mtge. 6
p. c. $100 coupon bonds, dated Nov. 5, 1889, due Jan. 1, 1920, interest Jan. and July, at Great Falls, Mont.) author-

252 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

Ized and outstanding, $2,000,000; current accounts, $10,655; other liabilities, $575,951— total, $4,586,007. Contra :
Cost of road, $3,908,833; equipment, $152,254; materials, etc., $12,731; other property and assets, $470,842; cash,
$7,739; materials, etc., $12,731; other property and assets, $470,842; current accounts, $3,246; profit and loss,
$30,973— total, $4,586,607. Trustee of bonds : Farmers' Loan and Trust Co., New York.

Directors (elected Nov. 10, 1897).— Elliott T. Gait, T. E. Collins, W. D. Barclay, Great Falls, Mont; C. A.
Magrath, Lethbridge, N. W. T.; John Gait, Winnipeg, Man. OFFICERS: E. T. GALT, Pres.; T. E. Collins, Vice-
Prfs.; W. D. Barclay, Sec., Treas. & Mgr.; J. E. Lethbridge, And., Great Falls, Mont. GENERAL OFFICE, Great
Falls, Mont.

IOWA NORTHERN RY.— Colfax to Valeria, la., 5.93 m.; Jule June, to Black Crook, 1 m.— total,
6.93 m.; total track (steel, 5.93 m.), 60 Ibs. Gauge, 4 ft. 8^ in. Organized Feb. 7, 1882; road opened Sept., 1882.
Locomotive, 1. Cars— passenger, 1; freight (coal), 1— total, 2. This equipment is leased.

Operations, year ending June 30, 1897.— Trains run (mixed), 11,261 miles. Passengers carried, 17,590; car-
ried one mile, 58,633. Tons moved, 133,557; ton-miles, 534,228. Earnings (passenger, $1,757; freight, $13,356),
$15.113. Operating expenses, $11,854. Net earnings, $3,258. Payments : Interest on bonds, $3,000; taxes, $725—
total, $3,725. Deficit, $467; surplus forward, $141; net deficit, $325.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $90,000; funded debt (1st mtge. 6 p. c.
bonds, dated May 1, 1882, due May 1, 1902, interest May and Nov.), $50,000; current accounts, $325; profit and
loss, $466— total, $140,475. Contra: Cost of road, $140,000; materials, etc., $150; profit and loss, $325— total,
$140,475.

Directors (elected June, 1896). — F. H. Griggs, J. S. Wylie, Davenport, la.; D. Ryan, Newton, la.; George
A. Goodrich, Colfax, la.; Robert Ryan, Lincoln, Neb. OFFICERS: J. 8. WYLIE, Pres., Davenport, la.; D. Ryan,
Vlce-Pres., Newton, la.; Geo. A. Goodrich, Sec., Treas. & Gen. Supt., Colfax, la. GENERAL OFFICE, Colfax, la.

KEOKUK AND HAMILTON BRIDGE CO.— Consolidation of the Hancock County and the
Eeokuk and Hamilton Miss. River Br. Cos. Owns a bridge at Keokuk, la. The bridge is used for railroad pur-
poses by the Toledo, Peoria and Western and the Wabash RR. Cos.,_ and is also used by wagons and foot passen-
gers. For particulars regarding the contract of Jan. 19, 1869, by which the Pittsburgh, Chicago and St. Louis Ry.
Co. and the Pennsylvania RR. Co. agree to pay one-fourth of any deficiency of net revenue in meeting interest
charges, see MANUALS for 1889 and 1893.

financial Statement.— Capital stock, $1,000,000; funded debt, $1,000,000 1st mtge. 8 p. c. bonds, due
April 1, 1899, interest April and Oct., at company's office. Trustees of bonds: Samuel D. Davis (survivor).

Directors. — Andrew Carnegie, Joseph J. Asch, James F. Secor, David Paton, Theodore F. Hicks, Matthias
Nicoll, Theodore Oilman, W. 8. Oilman, New York, N. Y.; Henry E. Smith, Philadelphia, Pa. OFFICERS:
ANDREW CARNEGIE, Pres.; Theodore Oilman, Sec. <fc Treas., 62 Cedar St., New York, N. Y. GENERAL OFFICE,
62 Cedar St., New York, N. Y.

MASON CITY AND FORT DODGE RR. -Mason City to Lehigh, la., 88.1 m.; Carbon June, to
Coalville, la., 3.9 m.— total, 92 m.; sidings, 7.99 miles. Gauge, 4 ft. 8j in. Rail— steel (99.02 m.), 56 and 60 Ibs.;
iron, 40 Ibs. Organized May 23, 1881 ; road opened Nov. 20, 1886. Locomotives, 6. Cars— passenger, 3 ; bag-
gage, etc., 4 ; freight (box, 37 ; stock, 5 ; coal, 155), 197 ; other, 2— total, 206.

Operations, year ending June 30, 1897.— Trains run (passenger, 54,314 ; freight, 63,098), 117,412 miles.
Passengers carried, 54,258 ; carried one mile, 1,150,464. Tons moved, 143,448 ; ton-miles, 4,245,349. Earnings
(passenger, $32,785 ; freight, $124,394 ; other, $6,710), $163,889. Operating expenses, $93,899. Net earnings,
$69,990; other receipts, $120— total, $70,110. Payments: Interest on bonds, $82,800; taxes, $7,466; other
payments, $600— total, $90,866. Deficit, $20,756 ; deficit forward, $638,055— total, $658,811.

Financial Statement, June 30, 1897.— Capital stock authorized (shares, $100), $5,000,000 ; issued, $920,-
000 : funded debt (1st mtge. 6 p. c. 40-yr. cy. $1,000 coupon bonds, due July 1, 1926, interest Jan. and July, in New
York City), $1,380,000 ; current accounts, $18,935 ; unpaid coupons on 1st mtge. bonds, $910,800— total, $3,229,'35.
Contra : Cost of road, etc., $2,464,019 ; materials, etc, $19,022 ; bills and accounts, $81,697 ; cash, $6,187 ; profit
and loss, $658,811— total, $3,229,735. Trustee of bonds : Central Trust Co., New York, N. Y.

Directors (elected May 18, 1897).— James J. Hill, D. C. Shepard, James N. Hill, M. C. Healion, St. Paul,
Minn.; Hamilton Browne, Boone, la. OFFICERS : M. C. HEALION, Pres., St. Paul, Minn.; 8. T. Meservey, Sec.
<t Treas.; O. B. Grant, Supt. & Asst. Treas.; David McCay, Aud., Fort Dodge, la. GENERAL OFFICE, Fort
Dodge, la.

MINNEAPOLIS EASTERN RY.— At Minneapolis, Minn., 2.94 miles. Rail (steel), 60 Ibs. Gauge,
4 ft. 8i in. Chartered in 1878 ; road opened June 1, 1879. Owned jointly by the C.. M. <fc St. P. and the C., St. P.,
M. & O. Ry. Cos. The road is used merely for switching business, and its stock is held by the companies named.
Locomotives, 2.

Operations, year ending June 30, 1897.— Earnings, $61,393. Expenses, $36,278. Net earnings, $25,115.
Payments : Interest on bonds, $10,500 ; taxes, $1,721— total, $12,221. Surplus, $12,895 ; deficit forward, $31,443 ;
net deficit, $18,549.

Financial Statement, June 30, 1897.— Capital stock (shares, $100; auth., $1,000,000), $30,000; funded
debt (1st mtge. 7 p. c. 30-yr. $1,000 cy. bonds, due Jan. 1, 1909, interest Jan. and July), $150,000 ; current account*.
$3,100 ; coupons unpaid, $106,400— total, $289,500. Contra : Cost of road, etc., $263,619 ; materials and fuel, $720 :
other property and assets, $5,479 ; cash, $1,133 ; profit and loss, $18,549— total, $289,500.

Directors (elected Jnne 14, 1897).— Ros we) I Miller, Chicago, 111. ; W. A. Scott, J. A. Chandler,Thos. Wilson,
J. T. Clark, L. K. Luse, St. Paul, Minn.; H. R. Williams, W. H. Norris, J. S. Pillsbury, Minneapolis, Minn.
OFFICERS : JOHN S. PILLSBURY, Pres., Minneapolis, Minn.; Roswell Miller, Vtce-Pres., Chicago, 111.; H. R. Will-
iams, Sec. <k Treas., Minneapolis, Minn.; L. A. Robinson, Aud., St. Paul, Minn. GENERAL OFFICE, Minne-
apolis, Minn.

MINNESOTA BELT LINE RY. AND TRANSFER CO.-Belt Line at Minneapolis and St.
Paul, Minn., 14 miles. Gauge, 4 ft. 8^ in. Rail (steel), 60 Ibs. Chartered in 1889 ; road completed in 1893.
Principal business is the hauling of live stock to the Minneapolis stock-yards, also packing-house and rolling-mill
products. Freight connections with all railroads at Minnesota Transfer, Minneapolis, and St. Paul.

Financial Statement. — Capital stock (all owned by the Minneapolis Stock- Yards and Packing Co.)—
shares, $100 ; auth., $1,000,000 ; issued, $190,000. The company states : " No bonds are on the market, but are
hypothecated by the Stock- Yards Co. as collateral for a loan." Trustee of bonds : Minneapolis Trust Co., Min-
neapolis, Minn.

Directors.— Not reported. OFFICERS : R. B. LANQDON, Pres.; George A. Brackett, Vlce-Pre*.; Jos. Roby,
Sec., Treas., Mgr. & Trans Agt., Minneapolis, Minn. GENERAL OFFICE, 501 N. Y. Life Bldg., Minneapolis, Minn.

MINNESOTA TRANSFER RY.— At St. Paul, Minn., about 27 miles. This company was chartered
on March 10, 1883, to facilitate the transfers of freight between the owners. These now are the St. Paul, Minne-
apolis and Manitoba, the Northern Pacific, the Chicago, Milwaukee and St. Paul, the Chicago, St. Paul, Minne-
apolis and Omaha, the Minneapolis and St. Louis, the Chicago Great Western, the Wisconsin Central, and the
Chicago, Burlington and Northern RRs. All through freight coming over any of the lines named, and destined
for another, goes to this general transfer, the companies having an agreement for that purpose. Stock yard
facilities also form a part of the equipment.

POOR'S MANUAL OF RAILROADS. 253

Financial Statement, June 30, 1897. -Capital stock ($300,000 auth. ; $100 shares) subscribed and paid up,
$.",6.0>0 ; funded debt (1st mtge. 5 p. c. 30-yr. bonds, due Aug. 1, 1916, interest Feb. 1 and Aug. 1), $896,000 ; other
liabilities, $6,578. (iO— total, representing cost of road and equipment, $958,578.60. Interest on bonds payable in
St. Paul, Minn. Trustee : The St. Paul Trust Co., St. Paul, Minn.

Directors.— W. J. Underwood, W. A. Scott, J. R. Hastings, J. W. Kendrick, S. C. Stickney, W. P. CIouL'h, St.
Paul, Minn.; L. F. Day, Minneapolis, Minn.; H. P. Whitcomb, Milwaukee, Wis. OFFICERS : J. R. HASTINGS,
Pre*.; W. P. dough, Vice-Pres.; H. P. Upham, Trea*.; L. A. Robinson, Sec.; W. H. Norris, Solicitor; Robert
Dudgeon, Siipt., St. Paul, Minn. GENERAL OFFICE, St. Paul, Minn.

OMAHA BBIDO-E AND TERMINAL RY. CO.— Length of tracks operated June 30, 1897. 23.17
miles. Double track steel railway bridge spanning the Missouri River between Nebraska and Iowa, together with
aline of railway between Omaha and East Omaha, Neb., and Council Bluffs, la. Also a large mileage of terminals
and side tracks. The company was chartered in 1890, and the bridge and railway opened for traffic in Dec., 1893;
but it had not been turned over to the Terminal Co. by the construction company on May 17, 1898. It has con-
nections, and does a transfer business with all lines of railroad reaching Omaha and Council Bluffs. The company
owns exclusive franchises over the territory of East Omaha, and has in contemplation many additions and im-
provements". The authorized capital stock is $7,500,000. In Dec., 1893, the company executed a mtge. in favor of
the Provident Life and Trust Co., Philadelphia, Pa., as trustee, to secure the issue or $5,000,000 of bonds, the pro-
cerds to be used as needed in completing the terminal plant as future needs may require. Neither the bonds nor
stock of this company have been delivered, and no settlement has been made with the construction company,
although it is expected that one will be reached in the near future. Meanwhile the operation of the property is
carried on by the construction company ; and the Terminal Co. " has really nothing to report."

Directors.— Not reported. OFFICERS : JOHN LOWBER WELSH, Pres., Philadelphia, Pa.; Arthur S. Potter,
Vice- Pres. & Gen. Mgr.; John R. Webster, Sec. & Asst. Gen. Mgr.; Henry W. Yates, Trtas., Omaha, Neb.;
J. A. L. Waddell, Chf. Eng., Kansas City, Mo. GENERAL OFFICE, Board of Trade Building, Omaha, Neb.

RAILWAY TRANSFER CO. OF MINNEAPOLIS.— At Minneapolis, Minn., 8.S5 miles.
Gauge, 4 ft. 8} in. Rail (steel), 60 Ibs. The property of this company is owned by the M. & St. L. RR. Co., and
does a switching business with all railroads entering Minneapolis, and the flour mills and other industries in that
city. Locomotives, 5.

Operations, year ending June 30, 1897.— Earnings (switching), $113,853. Expenses, $64,117. Net earnings,
$49,736. Paid rentals, $15,440. Surplus, $34,296.

Directors (elected June, 1897).— L. P. Day, A. E. Clarke, W. F. Booth, T. E. Clarke, Jos. Gaskell, Minne-
apolis, Minn. OFFICERS : A. E. CLARKE, Pres.; L. F. Day, Vlce-Pres. <t Gen. Mgr.; J. A. Moynihan, Svpt.,
Minneapolis, Minn. GENERAL OFFICE, Minneapolis, Minn.

ST. PAUL UNION DEPOT CO.— In St. Paul, Minn., 5.63 miles. The company uses 1,500 ft. of the
St. Paul,M. & M. Ry., under trackage rights. Gauge, 4 ft. 8} in. Rail (steel), 75 and 80 Ibs. In6orp. March 5,
1879 ; opened Aug. 22, 1881. All railroads (except the M. & St. L. RR.) entering St. Paul use this depot. Loco-
motives, 2. Baggage trucks. 20 ; push car, 1— total cars, 21.

Income Account, year ending June 30, 1897. — Wheelage (on passenger cars, $116,460; on freight cars,
$9,7% ; other, $1,060), $127,316. Operating expenses, $108.252. Net earnings, $19,065 ; other receipts, $24,435—
total, $43,500. Payments : Interest on bonds, $22,500 ; dividends (Nov. 1, 1896, and May 1, 1897, 3 p. c. each),
$21,000— total, $43,500.

Financial Statement, June 30, 1897.— Capital stock ($500,000 auth.; $100 shares), $350,000 ; funded debt
(1st mtge. 6 p. c. 50-yr. $1,000 cy. coup, bonds, due 1930, auth. and outstanding, $250,000 ; consol. mtge. 5 p. c. 50-yr.
$1 000 coup, bonds, due 1944 [auth , $250,OOOJ. outstanding, $150,000), $400,000 ; bills payable. $4,000 ; accounts,
$7.250— total, $761,250. Contra : Cost of property, $743,377 ; accounts, $2,903 : cash, $10,970— total, $761,250. In-
terest on bonds payable May and Nov., at ihe office of the trustee, Central Trust Co., of New York, and at First
National Bank, St. Paul, Minn.

Directors (elected May 12, 1897).— A. B. Plough, W. P. Clough, J. W. Kendrick, J. R. Hastings, S. C.
Stickney, W. A. Scott, St. Paul, Minn.; W. G. Collins, Chicago, 111.; P. D. Underwood, Minneapolis, Minn.
OFFICERS : W. A. SCOTT, Pres.; J. W. Kendrick, }*ice-Pres.; H. P. Upham, Treas.; A. S. Morton, Sec., St. Paul,
Minn. GENERAL OWICE, St. Paul, Minn.

SIOUX CITY AND NORTHERN RR.— Sioux City, la., to Garretson, S. Dak., 96 m.; leased, S.
C. T. Ry., in Sioux City, la., 1.28m.— total operated, 97.S8 m.; sidings, 13.47 miles. Gauge, 4ft. 8| in. Rail
(steel), 60 Ibs. Chartered Sept. i6, 1887; road opened March 17,1890. At Garretson connection is made with
ihe Great Northern, with which there is a traffic contract for 30 years. Default having been made in interest pay-
ment, receivers were appointed in Oct., 1893. Petition for sale of this road was filed by the mtge. trustee in July,
1894. Locomotives, 11. Care— baggage, etc., 9 ; freight (box, 219 ; stock, 98 ; refrigerator, 50 ; flat, 77 ; coal, 23),
467 ; caboose, 5 ; other, 2— total, 483.

debt (1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, due Jan. 1,1920, interest Jan. and July), $1,920.000; current
accounts, $33.778; unpaid coupons, 1st mtge. bonds, $336,000; franchises exchanged for stock in Terminal
Co , Sioux City, $1,000.000— total, $4,729.778. Contra: Cost of road, etc., and equity in Terminal Co., Sioux
City $4,380.371 • materials, etc., $31.592: accounts, $180.983; cash, $21,185; profit and loss, $115,647— total,
$4.729,778. The bonds are authorized at the rate of $20,000 p. m. of main track between Sioux City and Garret-
son, and $16,000 p. m. branch lines. Interest payable at the office of the trustee, the Manhattan Trust Co., New
York, N. Y.

SIOUX CITY TERMINAL RY. AND WARE-
HOUSE CO.— In Sioux City, la., 1,28 m.; total track
(steel; 60 Ibs.), 13.05 miles. Chartered Sept. 16,
1889. Property consists of 60 acres of land, tracks,
switches, and buildings thereon. Leased for 100
years, from Dec. 14, 1889, to the Sioux City and
Northern RR. Co., at an annual rental of $90,000.

$1,000,000; bonded debt (1st mtge., $1,250,000; 2J
mtge., $750,000), $2,000,000; due ami unpaid interest,
$93,750; interest, $67,500; unpaid taxes (est.), $25.-
000; liens, $96,000. Cost of road, etc., $2,203.102.
Warwick Hough. Rec., St. Louis, Mo.; D. L. Plumor,
Pres., Wansau, Wis.; T. A. Stoddart, ec. & Treas..
St. Louis, Mo. General Ofllce, Sioux City, la.

Receiver appointed Oct. 10, 1893. Capital stock,

Directors (S. C. & N. RR., elected June 16, 18971.— W. P. Clongh, J. P. Stevens, St. Paul, Minn.; F. C.
Hills, W. P. Mauley, A. P. Call, G. W. Oakley, P. A. Seaman, S. J. Beals, H. S. Baker, Sionx City, la. OFFICERS:
WARWICK HOUGH, St. Louis, Mo., and SAMUEL J. BEALS, Sionx City, la., Receivers ; G. W. Oakley, Treag-for
Jiffs ; Jno. K. Lee, And. for Rec1*, Sionx City, la. SAMUEL J. BEALS, Pres. ; Craig L. Wright, 1 'ice-Pres. ; H. S.
Baker, Sec. & Treas., Sioux City, la. GENERAL OFFICE, Sioux City, la.

SIOUX CITY, O'NEILL AND WESTERN RR.— Covington to O'Neill, Neb. ,129.16 miles. Sid-
ings, 8.C3 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered Oct. 27, 1891, as successor to the Pacific Short

254 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.

Line (see MANUAL for 1893). New company took possession Jan. 1, 1892. Receiver appointed Nov. 1, 1893. Sale
of this road under foreclosure was ordered in Jan., 1895. Locomotives, 6. Cars— passenger, 4 ; combination, 3 :
freight (box, 250 ; flat, 98), 348 ; caboose, 2— total cars, 356.

Operations, year ending June 30, 1897.— Trains run (passenger, 83,734 ; freight, 62,215 ; other, 4,143), 150,-
092 miles. Passengers carried, 18,465 ; carried one mile, 771,120. Tons moved, 64,816 ; ton-miles, 4,076,344. Earn-
ings (passenger, $18,291 ; freight, $111.733; other, $17,487), $147,511. Operating expenses, $124,904. Net earn-
ings, $22,607. Charges : Interest on bonds, $117,000 ; taxes, $17,687 ; other payments, $773— total, $135,460.
Deficit, $112,853 ; deficit forward, $383,112— total, $495,964.

Financial Statement, June 30, 1897.— Capital stock (shares, $100) authorized and issued, $3,600,000 ;
funded debt (1st mtge. 5 p. c. $1,000 gold bonds, dated Dec. 7, 1891, due Oct. 1, 1921, interest April and Oct., at
the office of the trustee), $2,340,000 ; current liabilities, $626,975— total, $6,566,975. Contra : Cost of road, etc.,
$5.963.556 ; cash and current assets, $92,091 ; materials, etc., $15,194 ; profit and loss, $495,964— total, $6,566,975.
The bonds are secured by mtge. to the Manhattan Trust Co., New York, N. Y., trustee, of the entire road, its
equipment and terminals. Interest on 1st mtge. bonds is in default since April, 1893.

Directors (elected May 12, 1897).— D. L. Plumer, Wansau, Wis.: John Ellis, Kewaunee, 111.; William Eev-
nolds, Marblehead, Mass.; Jos. C. Head, Latrobe, Pa.; E. H. Hubbard, P. L. Eaton, Sioux City, la.; T. A. Stod-
dart, St. Louis, Mo. OFFICERS : F. C. HILLS, Receiver, Gen. Mgr. & Purch. Agt., Sioux City, la. CORPORATE
OFFICERS: Jos. C. HEAD, Pres., Latrobe, Pa.; John Ellis. Vice-Pres., Kewaunee, 111.; G. W. Oakley, Sec. A
Treat., Sioux City, la. GENERAL OFFICE, South Sioux City, Neb.

SIOUX FALLS TERMINAL RR.— Sioux Falls to South Sioux Falls, S. D., 7.01 m.; total track
(steel ; 601bs.), 9.01 miles. Gauge, 4 ft. 8i in. Organized as South Sioux Falls Ry. & R. T. Co.; name changed
and road opened in 1890. The road crosses all the railroads entering Sioux Falls, thus forming a belt line around
that city, and extending through the counties of Minnehaha and Lincoln. A part of it is used by the Northern
RR. Co. by permission, without any lease or definite tenure. Capital stock, $300,000.

Directors.— Richard F. Pettigrew, Samuel L. Tate, C. G. Ferguson, D. P. Beech, L. T. Dunning, Sioux
Falls, S. D. OFFICERS : R. F. PETTIGREW, Pres., Sioux Falls, S. D. ; C. F. Manderson, Vice-Pres., Omaha, Neb. ;
8. L. Tate, Vice-Pres., Treas. & Gen. Mgr.; C. G. Ferguson, Sec.: D. P. Beech, Aud., Sioux Falls, S. D. GEN-
ERAL OFFICE, Sioux Falls, S. D.

SOUTH ST. PAUL BELT RR.— St. Paul Park to South St. Paul, Minn., 3.58 m. owned ; 5.90 m.
operated. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs. Chartered Oct. 15, 1889 ; road opened May 1, 1895.

Operations, year ending June 30, 1897.— Gross earnings, $3,054. Operating expenses, $4,990. Deficit.
$1,936.

Financial Statement, Feb. 1, 1896 (latest rendered).— Capital stock (shares, $100) authorized, $250,000 ;
paid in, $230,000. Cost of road, etc., $430,000. Funded debt issued and outstanding consists of $200,000 1st mtge. 6 p.
c. 30-yr. bonds, dated Aug. 1, 1894, interest Feb. and Aug. at the office of the trustee, Security Trust Co., St. Paul,
Minn.; authorized issue, $400,000.

Directors.— J. H. Sawyer, Hugh Ferguson, T. M. Nelson, Pittsburgh, Pa.; J. C. Munn, M. D. Flower, J.
C. Michael, St. Paul, Minn.; W. W. Curtis, Chicago, 111. OFFICERS : T. M. NELSON, Pres., Pittsburgh, Pa.; W.
W. Curtis, Vice-Pres. & Chf.Eng., Chicago, 111.; M. D. Flower, Sec., St. Paul, Minn. GENERAL OFFICE, South
St. Paul, Minn.

TABOR AND NORTHERN RY.— Tabor to Malvern, la., 8.79 m.; 2d track, 1 mile. Gauge, 4 ft. 8fc
in. Rail (steel, 4 m.), 35 and 45 Ibs. Locomotives, 2. Cars— passenger, 2; baggage, etc., 1 ; freight (flat), 1 —
total, 4. Of the equipment, 1 locomotive and 1 passenger car are held under car trust.

Operations, year ending June 30, 1897.— Trains run (mixed), 12,482 miles. Passengers carried, 7,992 ; car-
ried one mile, 70,249. Tons moved, 10,667; ton-miles, 93,335. Earnings (passenger, $2,398; freight, $6,836; other,
$1,015), $10,249. Operating expenses, $8,958. Net earnings, $1,291. Total deductions, $3,568. Deficit, $2,277.

Financial Statement, June 30, 1897.— Capital stock ($50 shares ; auth., $120,000), $23,050 ; funded debt
(1st mtge. 6 p. c. 10-yr. $100 and $500 coup, bonds, due Jan. 1, 1900, interest Jan. and July, at Tabor, la.), $40,000;
current liabilities, $31 ,586 —total, $95,235. Contra : Cost of road, etc., $91,146; cash, etc., $2,840; profit and loss,
$1^80— total, $95,233. Trustee of bonds : The State Bank of Tabor, la.

Directors.— Wm. M. Brooks, Auburndale, Mass.; C. A. Barnes, J. M. Barbour, A. T. West, H. T. Woods,
John Barbour, Tabor, la.; J. E. Todd, Vermillion, S. D. OFFICERS : WILLIAM M. BROOKS, Pres., Auburndale,
Mass.; R. C. Hughes, Vice-Pres.; C. A. Barnes, Sec.; J. M. Barbour, Treas., Tabor, la. GENERAL OFFICE,
Tabor, la.

WINONA AND WESTERN RY.— Projected.- Winona, Minn., to Omaha, Neb. (about) 380 miles.
Completed, June 30, 1897 : Winona, Minn., to Osage, la., 113.2 m.; sidings, 13.06miles. Gauge, 4 ft. 8} in. Rail
(steel), 60 Ibs. Organized Nov. 1, 1894, and purchased the property of the Winona and Southwestern Ry. Co.
(See MANUAL for 1895.) At Winona the company uses 1.25 m. of track together with depot and terminal facilities,
of the C., B. <fc N. RR. Locomotives, 7. Cars— passenger, 4 ; baggage, etc., 2 ; freight (box, 200 ; flat, 84 ; coal,
10 ; caboose, 4), 298— total, 304.

Operations, year ending June 80, 1897.— Passengers carried, 37,847 ; carried' one mile, 878,344. Earnings
(passenger, $24,282 ; freight, $102,439 ; other, $15,876), $142,597. Operating expenses, $129,332. Net earnings,
$13,264. Payments : Taxes, $4,800 ; other payments, $17,839— total, $22,639. Deficit, $9,374.

Financial Statement, June 30, 1897.— Capital stock ^shares, $100 ; auth., $2,000,000), $100,000; funded
debt (1st mtge. 5 p. c. 50-yr. $1,000 coup, bonds, due Jan. 1, 1945, interest Jan. and July at the company's agency
in New York City), authorized and issued, $1,150,000; current liabilities, $26,927 ; accrued raxes, not yet due,
$2,654— total, $1,279,581. Contra: Cost of property, $1,250,000 ; materials, etc., $6,548; cash and current assets,
$8,463; profit and loss, $14,570— total, $1,279,581. First coup, and 1st mtge. bonds matured Jan. 1, 1897.

Directors (elected June 1,1898). — H. W. Lamberton, M. G. Norton, V. Simpson, E. S. Youmans, Charles
Horton, William H. Laird, C. H. Lamberton, S. W. Hamilton, J. R. Mitchell, Winona, Minn. OFFICERS : H. W.
LAMBERTON, Pres.; V. Simpson, Vice-Pres.; Thomas Simpson, Sec.; Matthew G. Norton, Treas., Winona, Minn.
GENERAL OFFICE, Winona, Minn.

WINONA BRIDGE RY. CO.— Winona, Minn., to Buffalo, Wis., 1.03 miles. Gauge, 4 ft. 8* in.
Rail (steel), 60 Ibs. Incorp. July 10, 1890 ; opened Sept. 1, 1891. Connects the Winona and Western RR. with
the Green Bay and Western Ry., and the Chic., Burl. & No. RR., and is leased by those companies for 30 years,
the lessees to pay $100 per month (over and above tolls) for maintenance, repairs, etc., and under severally exe-
cuted contracts, to pass all traffic over the bridge.

Income Account, year ending June 30, 1897.— Earnings (passenger, $4,518 ; freight, $15,832), $20,351.
Operating expenses, $7.833. Net income, $12,517. Payments : Interest on bonds, $19,200 ; taxes, $434 ; other'
payments, $480— total, $20,114. Deficit, $7,596 ; deficit forward, $12,932— total, $20,529.

Financial Statement, June 30, 1897.- -Capital stock ($100 shares), $400,000 ; funded debt (1st mtge. 5 p.
c. 25-yr. $1,000 gold bonds, due Sept. 1, 1915, interest March and Sept., at office of J. Walker & Son, New York,
N. Y.1, $384,000 ; profit and loss, $20,529— total, $804,529. Contra: Gout of property, $784,000 ; profit and loss,
$20,529— total, $804,529. The bonds are in coup, form, but principal may be registered. They are secured on the
entire property of the company. It is provided that after March 1, 1898, all surplus over fixed charges and 5 p. c.
on stock shall be applied to a sinking fund for the redemption of bonds; drawings to be made by lot, provided tin; '

POOR'S MANUAL OF RAILROADS.

bonds cannot be purchased for less than 110 and accrued interest. Trustee : Farmers' Loan and Trust Co., of
New York.

Directors (elected June 2, 1897).— S. W. Champion, Green Bay, Wis.;_MarkT. Cos., New York, N. Y.;
George B. "
V. ~
H.

YANKTON AND WESTERN BB.— Ynnkton, S. Dak., to Pierson, 5.2 miles. Gauge, 4 ft. 8} in.
Rail (steel), 56 Ibs. Successor in 1893 to the Sioux Falle.Yankton and Southwestern Ry. Co. (See MANUAL for
1893.) Operated by the C., M. & St. P. and C. & N. W. Ry. Cos., which supply rolling stock. No further infor-
mation obtainable.

PACIFIC GROUP.— -States of California, Oregon, Washington,
Nevada, Arizona, Utah, and Idaho.

ty Railroads associated with others, forming Systems, or those reporting for the calendar year, if not in
alphabetical order following, may be found by referring to the GENERAL INDEX.

NORTH PACIFIC COAST RAILROAD COMPANY.

Main Line. — San Francisco to Cazadero, Cal. (ferry, 6 in.; RR., 80.75 m.). . .86.75 miles.

San Rafael Branch. : Junction, Cal. , to San Rafael, Cal 2.00 m.

Mitt Valley Branch : Mill Valley Jane, to Mill Valley 1.75 m.— 8.75 "

Leased : San Rafael and San Quentin £B.; San Quentin to San Rafael 3.50 "

Total length of lines (ferry, 6 m. ; railroad, 88 m.) 94.00 miles.

Sidings, etc., 12 miles. Gauge, 8 ft. Rail (steel, 46.75 m.), 85 to 56 Ibs.

History. — Chartered Dec. 16, 1871 ; road opened to Duncan's, May 15, 1877. Purchased
the Northwestern and the San Francisco, Tamalpais and Bolinas RRs. in 1892. Leased San
Rafael and San Quentin RR. for 43 years, March 11, 1875, and assumed that company's bonds,
which have since been paid ftff. In connection with its railroad lines the company operates
steam ferries from San Francisco to Sausalito, 6 m., and to San Quentin, 11.5 miles.

Rolling Stock, June 30, 1897. — Locomotives, 12. Cars — passenger, 33; baggage, etc.,
17 ; freight (box, 43; stock, 12; flat, 284), 339; caboose, 2— total, 391. Also 2 ferry steamers.

Operations, year ending June 30, 1897. — Train mileage— passenger, 234,344; freight,
65,185 ; other, 2,321— total, 301,850 miles. Passengers carried, 1,289,327; carried one mile,
16,256,029 ; average mile rate, 1.297 cents. Tons freight moved, 62,282 ; moved one mile,
3,426,203 ; average ton-mile rate, 4.493 cents. Earnings — passenger, $210,771.55 ; freight,
$109,019.05; mail, $7,350.93; express, $12,116.32; other, $8,871.83— total, $348,120.68. Ex-
penses — transportation, $153,305.69; maintenance of equipment, $18,245.14; of way, etc.,
-$40,543.99; general, $17,130.81— total, $229,225.63. Net earnings, $118,904.05. Payments :
Interest on bonds, $80,800; taxes, $11,015.66; other payments, $1,591.06— total, $93,406.72.
Surplus, $25,497.33; deficit forward, $8,543.38— net surplus ($16,953.95; less paid to sinking
fund, $7,471.06), $9,482.89.

General Balance Sheet, June 80, 1897.

Cost of Road and Equipment $3,035,829 52 I Capital Stock (shares, $100) $1,500,00000

Materials and Fuel on Hand 2,988 22 Funded Debt Outstanding (see below)... 1,498,000 00

Current Accounts 11,530 57 Sinking Fund 25,000 00

Cash o» Hand 35,876 89 Pay Rolls 12,266 99

Vouchers , 12,205 40

Current Accounts 28,809 92

Profit and Loss 9,482 89

Total Liabilities '. .$3,085,765 20

Total Assets. .,. $3,085,765 20

Funded debt outstanding, June 30, 1897, consisted of the following:

1st ratge. 6 p. c. 20-yr. $1,000 coup, bonds, due Nov. 1, 1901, interest May 1 and Nov. 1. $590,000.

General mtg-e. 5 p. c. 20-yr. $1,000 coup, bonds, due July 1, 1912, interest Jan. 1 and July 1 908,000

The general mtge. bonds were issued for the purpose of retiring prior liens, for exten-
sions, new steamers, etc.; authorized amount, $1,500,000. During the fiscal year, 1895-96,
$1,379,500 of the capital stock was surrendered to the company, so as to reduce the value of
the property on account of depreciation and also to close up the old profit and loss account.

256

POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.

Interest on bonds payable at company's office, San Francisco, Cal. Trustees of bonds:
Bonds of 1901, W. Steel, W. Powell, and Thomas Bell, San Francisco, Cal. ; general intge.
bonds, California Safe Deposit and Trust Co., San Francisco, Cal.

Capital stock, bonded debt, gross and net revenue for eight fiscal years:

CostRR. RRs. Gross Expenses Net Interest Total Balance
& Invest Oper- Earn-
rnents. ated.
$ Miles.

Years.

Stock.

Debt.
$

ings.

$

and
Taxes.

$

Earn-
ings.
$

1890 SjSOOiOOO 1,240,000 3,148,950 94.00 393,822 323,514 70.308 67,990

1891... ...8,500,000 1,240,000 3,193,516 94.00 418,416 306,820 111,596 67,990

1892 2,500,000 1,490,000 3,275,657 94.00 420,942 324,977 95,965

1893*".!". ...... 2,9bo',000 M90,000 8.295I971 94.00 418,625 303,602 115,022 80,470

1894* 2,709,500 1,600,000 3,502,712 94.00 383,195 298,894 84,301 80,970

1895* 2,879,500 1,498,000 3,631,478 94.00 376,492 290.534

1896* ,...1,500,000 1,498,000 3,035,370 94.00 353,365 280,452

85.958 82,672
72,913 80,800

on Pay- for Year.
Bonds, nients. ( + or — ).

9

- 278
+ 41,105

- 78,188
+ 28,099

82,223 + 2,079

84,189 + 1,769

81,456 - 8,543

83,391 + 25,498

I

70,586
70,491

74,170 174,153
86,923

1897* 1,500,000 1,498,000 3,035,370 34.00 348,130 ' 240,241 107,889 80,800

* Fiscal year ending June 30; all other years ending Dec. 31.

San Rafael and San Qnentin RR.— San I March 11, 1875, to N. P. C. RR. Co.; rental, $1 per
Rafael to San Quentin, Cal., 3.50 miles. Chartered annum. Capital stock, $48,820.
Feb. 25, 1869; road opened in March, 1871. Leased '

Board of Directors, North Pacific Coast RR. Co., elected Aug. 20, 1897.

C. De Guigne San Francisco, Cal. A. H. Small San Francisco, Cal.

James B. Stetson. San Francisco, Cal.
A.Borel.

Jno. C. Coleman. " " C. R. Winslow..

A. H. Paysan San Francisco, Cal.

JAMES B. STETSON, Pres. & Gen. Manager San Francisco, Cal.

Jno. C. Coleman, Vice- President " "

Treasurer-A.. Borel San Francisco, Cal. | Sec. & Aud.—V. B. Latham San Francisco, Cal.

PRINCIPAL OFFICE AND ADDRESS 14 Sansome St., San Francisco, Cal.

OBEGON EAILEOAD AND NAVIGATION COMPANY (THE).

(East Portland, Ore., to Huntington, Ore 402.03 m.

Main Lines of Road : \ Portland, Ore., to E. Line, Willamette Bridge

( Track 0.22 m.— 403.25 milea

Heppner Jane.' to Heppner, Ore 45.40 m.

Umatilla, Ore., to Walla Walla, Wash 57.67 m.

Pendleton, Ore., to Spokane via Farmington,

Wash 250.55m.

Bolles to Dayton, Wash 13.36 m.

Starbuck to Pomeroy, Wash .' , 30.00 m.

Connel, Wash., to La Crosse, Wash 53.12 m.

Colfax, Wash., to Moscow, Idaho 28.56 m.

( Albina to Albina June., Ore 2.13 m.

Leased : North. Pac. Term. Co. ] E. Line, Willamette Bridge Track

( to E. Portland, Ore 0.41m.— 2.54

Winona to Seltice, Wash . . . .47.84 m.
Tekos,Wash., to Mullan, Ida. 87.10 m.

Wallace to Burke, Idaho. . . . 6.67 m.

La Grande to Elgin, Ore 20.89 m.

Walla Walla to Dixie and

Dudley, Wash 13.40 m.

Lower Cascades to Upper Cas- ..... -

cades (not operated) 8.00 m. — boO. 56

Total length of lines owned and leased (operated, 1,059.35 m.) June 30, 1897. 1,065.35 miles.
Sidings (owned, 117.59 m. ; leased, 14.04 m.), 131.63 miles. Gauges— 1,043.41 m. 4 ft. 8i in ;
19.40 m., 3 ft. Rail— iron, 56 Ibs.; steel (owned, 907.15 m. ; leased, 12.18 m.), 31, 56, 60 and
70 Ibs.

In addition to its lines of railroad the company operates steamship lines as follows :
Ocean Division— Portland, Ore., to San Francisco, Cal., 660 m.; River Division — Lower
Columbia River route, Portland to Astoria, Ore., 98 m. ; Willamette River route, Portland to
Dayton and Eugene, Ore., 177m.; Snake River route, Riparia, Wash., to Lewiston, Idaho,
78 m.— total water lines, 1,013 miles. Total rail and water lines, 2,078.35 miles.

History. — Incorporated July 16, 1896, under the laws of Oregon, to acquire the railway,
franchises and other property of the Oregon Ry. and Navigation Co., sold under foreclosure
in July, 1896, in pursuance of the plan of reorganization published on page 1514 of the
MANUAL for 1896. For history of the old company see MANUAL for 1896, page 326, and
previous issues. The new company assumed possession on August 17, 1896. The Oregon
Short Line RR. Co. owns a majority ($16,281,400) of the common stock of this company. A
controlling interest in the preferred stock is held by the Northern Pacific, Great Northern
and Union Pacific Cos.

Rolling Stock, June 30, 1897.— Locomotives, 110. Cars— passenger, 26 ; observation, 1 ;
combination, 8; special, 3; baggage, etc., 25; freight (box, 1,940; flat, 294 ; coal, 136;

POOR'S MANUAL — OREGON RR. AND NAVIGATION CO. (THE).

257

stock, 259; box and stock, 3; furniture, 193; refrigerator, 4), 2,829; caboose, 49 ; outfit,
100 ; construction-dump, 39 — total cars, 3,080.

Floating Equipment. — Steamships, 3 ; steam schooners, 2 ; river steamers, 16 ; tugs, 2 ;
barges, 4; wharf-boats, 4 — total, 31.

Operations. — 1. RAIL LINES : Statement showing earnings and expenses, rail lines, for
years ending June 30, 1897 and 1896.

EARNINGS. 1896-97 1895-96 i EXPENSES. 1896-97 1895-96

Passenger $758,058 51 $720,721 96 i Conducting Transportation . . .$1,236,465 61 $1,311,998 00

Freight 3,109,705 59

Mail 181,374 08

Express 64,19379

Miscellaneous 17,048 39

2,771,571 63
179,344 32
62,570 10
18,735 80

Maintenance of Equipment . .
Maintenance Way andBldgs.
General and Taxes

. 321,311 98
. 561,002 49
. 257,491 79

465,38680
796,235 88
280,976 72

Totals

$2 399 756 80 i

2,831,11247
921.831 34

$3,752,943 81

Net Earnings . .

. l!73o!62356

Totals » $4,130,380 36

2. WATER LINES : Statement showing earnings and expenses, water lines, for the years
ending June 30, 18Q7 and 1896.

EARNINGS. 1896-97 1895-96

Passenger $134,734 98 $127,581 55

Freight 378,94611 400,57579

Mail 10,48114 8,41963

Express 1,75953 1,80965

Miscellaneous 21,62276 37,77738

EXPENSES.

Conducting Transportation

Maintenance of Equipment

Maintenance of Buildings

General and Taxes

1896-97 1895-96

$446,344 25 $544,789 27
45,108 51 181,981 03
8,869 81 16,151 24
42,664 79 42,452 08

Totals $548,987 36 $785,373 62

Net earnings 4,55716 209,20962

Totals $547,544 52 $576,164 00

Income Account} for the period Aug. 18, 1896, to June 30, 1897. — Earnings — passenger,
$644,064.19; freight, $2,788,617.84 ; mail, $157,742.49; express, $54,316.13; other, $13,-
966.46— total, $3,658,707.11. Operating expenses— transportation, $1,076,691.29 ; mainte-
nance of equipment, $280,474.32 ; of way, etc., $442,205.38 ; general, $113,844.51— total, $1,-
913,215.50. Net earnings (47.70 p. c.), $1,745,491.61 ; add interest and dividends, $33,404.76;
net earnings, steamer lines, $7,566.69 ; rentals leased property, $11,657.68 — total income,
$1,798,120.74. Payments : Interest on bonds (consol. mtge., $538,337.87 ; O. Ry. & N. Co.
1st mtge., $242,182.17), $780,520.04 ; taxes, $145,292.61 ; 1st mtge. sinking fund, $120,637.39;
depreciation water equipment, $35,666.67 ; improvement account, $42,347.23 ; dividends on
preferred stock (1 p. c. paid July 1, 1897), $110,000— total, $1,234,463.94. Surplus for period,
$563,656.80.

Dividends of 1 p. c. each have been paid on the preferred stock in July and Oct., 1897,
and in Jan. and April, 1898. In June, 1898, a dividend of 2 p. c. was declared on the preferred
stock and one of 1 p. c. on the common stock, the former payable July 1, 1898, and the latter,
July 2, 1898.

Statement of operations, of earnings, etc., rail lines, for six years ending June 30 :

1892

1893

1894

1895

1896

1897

Miles Railroad Operated

1,059.33

1,059.35

1,059.35

1,059.35

1,059.35

1,059.35

Passenger Train Miles

890,198

899,790

596,793

546,218

635,178

682,044

Freight Train Miles

1,334,882

1,194,058

985,287

1,216,415

949,912

1,034,811

Passengers Carried

385,415

403,144

237,764

186,618

246,103

249,375

Passenger Mileage

39,146,051

37,022,784

25,211,885

20,487,832

23,400,539

34,788,843

Tons Freight Moved

802,533

776,973

638,750

855,897

736,886

862,400

Tons Moved One Mile

186,423,479

189,764,166

146,015,528

194,594,407

164,958,980

189,836,475

Earnings — Passsenfer

$

1,200,693

$
1,149,562

$

692,188

$

639,430

$
720,722

$

758,059

Freight

3,528,564

3,248,870

2,269,422

3,435,490

2,771,572

3,109,706

Mail and Express ....

243,444

248,556

223,298

239,138

341,914

245,568

Miscellaneous

89,813

79,839

55,785

15,801

18,736

17,048

Total Earnings

5,062,514

4,726,828

3,240,695

4,329,858

3,752,944

4,130,380

Operating Expenses

3,689,525

3,360,399

2,865,695

*2,755,000

*2,669,017

*2,245,094

Net Earnings ....

1,372,988

1,366,429

374.999

1,574.858

1,083,927

1,884,686

Gross Earnings per Mile

4,778.97

4,462.09

3,059.19

4.087!35

3,542.75

3,899.42

Operating Expenses per Mile

3,482.88

3,172.19

2,705.19

2,600.69

2,519.53

2,119.91

Net Earnings per Mile

1,296.09

1,289.90

354.00

1,486.66

1,023.22

1,779.51

Expenses to Earnings
Average Rate per Pass, per Mile
Average Rate per Ton per Mile

72.88 p. c.
3.067 c.
1.89 c.

71. 10 p. C.
3.105 c.
1.71 C.

88.43 p. c.
2.745 c.
1.55 c.

63.63 p. C.
3.121 c.
1.77 C.

71.12 p. c.
3.080 C.
1.68 C.

54.37 p. c.
3.058 C.
1.64 c.

* Betterments and extraordinary repairs included in operating expenses above, as follows: In 1895, $126,-
675; 1896. $334.621.

17

258

POOE'S MANUAL OF RAILROADS — PACIFIC GROUP.

Earnings, etc., 10 months ending April 30, 1898. — Grot-s earnings, $5,267,260, an increase
of $1,636,216 over those for the corresponding period of the previous fiscal year. Operating
expenses, $2,925,221, being an increase of $828,553 over 1897. Net earnings, $2,343,039, an
increase of $807,663, as compared with those for the corresponding period of 1897.

General Balance Sheet, June 30, 1897.

Cost of Property (includ. Steamer Line

Equipment) $49,310,903 82

Stocks and Bonds Owned 5,306,910 00

Materials and Supplies 271,136 28

Cash in Banks, etc 431,736 12

Cash with N. Y. Security & Tr. Co. Im-
provement and Betterment Account

(.contra) 440,020 75

No. Pac. Term. Co. of Ore. Sinking

Fund Account 42,734 69

Cash with Trust Cos. for Interest, Divi-
dend, and Sinking Fund Accounts 362,938 22

O. RR. & N. Co.'s Consols, received for
Ists of Old Co., retired through Sink-
ing Fund, etc 475,000 00

Insurance Paid in Advance 9,937 07

Accounts Collectible 433,617 88

Total Assets $57,084,934 83

Common Stock (shares, $100) $24,000,00000

Preferred Stock (shares, $100) 11,000,000 00

Funded Debt Outstanding (see below).. 20,060,000 00
Called Bonds Outst'g (O. Ry. & N. Ists) 14,000 00
O. Ry. & N. Co. 1st Mtge. Sinking Fund 107,620 59

Interest on Bonds, Due and Accrued 213,720 60.

Improvement and Betterment Account

(.contra) 440,020 75

Dividend No. 1 on Preferred Stock..'.... 109,985 00

Vouchers and Pay Rolls, etc 359,773 41

Apparent Liabilities:

O. Ry. & N. Co. Stock-
holders $124,348 60

O. Ry. & N. Co. Coll.
Trust Bondholders 700 00

$125,048 60

Less Preferred and Common
Stock held in Treasury to

meet same 125,048 60

Current Liabilities 216,157 68

Profit and Loss 563,666 80

Total Liabilities $57,084,934 83

" Stocks and Bonds Owned " in above balance sheet consists of Bonds: Columbia and Palouse RR. 1st
mtge. bonds, $2,829,000; Willamette Transportation and Locks Co. 1st mtge. bonds, $307,000— total, $3,136,000.
Stocks: Cascade RR. Co., $150,000; Columbia and Palouse RR., $1,000,000; Mill Creek Flume and Manu-
facturing Co., $200,000; Walla Walla and Columbia River Co., $700,000; O. RR. & Nav. Co. (preferred, $119,-
980; common, $500; preferred stock scrip, $430), $120,910— total stocks, $2,170,910. Total stocks and bonds
owned, as per balance sheet, $5,306,910.

Funded debt outstanding, June 30, 1897, consisted of the following :

Istmtge. (O.Ry.&Nav.Co.) 6p.c.30-yr.$l,000 g'd coup. sink, fund b'ds, due Ju\yl,1909,int.Jan.l& July 1. $4,451,000
Consol. mtge. (O. RR. & N. Co.), 4 p. c. 50-yr. $1,000 coup, b'ds, due Jan. 1, 1946, int. J. 1 & D. 1.15,609,000

The 1st mtge. bonds are secured by mtge. on about 640.17 miles of the main line of the former Oregon
Ry. & Nav. Co., $100,000 of the capital stock of the Walla Walla & Col. Riv. RR. Co., $300,000 capital stock
of the Cascades RR., $307,000 bonds of the Willamette Transportation and Locks Co., and the ships and
rolling stock of the company. Of the consols, $5,390,000 were reserved for the retirement of these bonds (on
the basis of not exceeding $1,100 4 p. c. bonds for every $1,000 of 1st mtge. 6 p. c. bonds). These bonds are
retired through the operation of a sinking fund of 1 p. c. per annum on the original amount of $6,000,000.
The amount of these bonds outstanding at the time of the reorganization was $4,900,000. Since then, $2,709,-
000 of these bonds have been exchanged for consolidated mtge. 4 p. c. bonds of the O. RR. & N. Co. ; $586,000'
were retired through the operation of the sinking fund, and $18,000 were cancelled by sale of property, leaving
amount outstanding April 1, 1898, $1,587,000. Under the plan of reorganization, the company is authorized
to coyer the amount required for the sinking fund by disposal of the $5,390,000 new consols, reserved as above
explained. Interest payable at the office of the New York Security and Trust Co., New York, N. Y. Trustee:
Farmers' Loan and Trust Co., New York, N. Y.

The consolidated mtge. bonds are secured by mtge., dated Aug. 17, 1896, to the New York Security and
Trust Co., trustee, of the entire present and future property of the company, subject only to the lien of
$4,900,000 O. Ry. & N. Co.'s 6 p. c. 1st mtge. bonds, not disturbed by reorganization. Authorized amount,
$24,500,000, of which $12,583,000 were issued in exchange for O. Ry. & N. Co.'s consol. gold 5s and $2,591,000
for old collateral trust bonds. Under the reorganization plan, $5,390,000 were reserved to retire the 1st mtge.
6s and $1,106,000 for betterments and acquisition of terminals, at the rate of not more than $250,000 pur
annum, subject to the approval of two-thirds of the board of directors. Total to be used under plan, $21,-
670,000. The remainder ($2,830,000) is reserved, but may be issued for new construction at the rate of not
over $20,000 p. m. of constructed road. These bonds are to bearer, but may be registered with the trustee
as to principal. No sinking fund is provided. Interest payable in New York, N. Y., and Berlin, Germany —
at the latter place at the fixed rate of four marks, twenty pfennig per dollar. The bonds are further secured
by deposit with the trustee of the following bonds and stocks: Columbia and Palouse RR. Co. 1st mtge.
bonds, $2,829,000; Columbia and Palouse RR. Co. stock, $1,000,000; Walla Walla and Columbia River RR. Co.
stock, $600,000; Mill Creek Flume and Mfg. Co. stock, $200,000— total, $4,629,000. Since the close of the fiscal
year, $95,000 additional of these bonds have been issued for exchange of old mtge. bonds through sinking fund,
and $2,979,900 for funding old mtge. bonds, making total outstanding, April 1, 1898, $18,683,900.

VOTING TRUST. — The preferred stock of the company, except fifteen shares of $100 each,
and all of the common stock, are deposited with and held by the Central Trust Co., New
York, under a voting trust agreement till May 1, 1906, unless the trust be terminated before
then by the consent of holders of two-thirds of each class of certificates, or unless dividends
equal to 20 p. c. of tlie par value of the preferred stock shall have been paid or guaranteed.
This trust insures the right to preferred stock certificates to nominate ten directors and to
the common stock to nominate five directors.

Preferred stock is entitled in each calendar year to receive dividends, if declared, to the

POOR'S MANUAL OF RAILROADS.

259

amount of 4 p. c. per annum, non-cumulative, before any dividend shall be paid upon the
common stock. Common stock shall then be entitled to all further dividends declared up to
4 p. c. per annum, after which all dividends declared shall b« distributed pro rata to the pre-
ferred and common stock. In case of liquidation of the corporation, the holders of the pre-
ferred stock shall be entitled to receive the par amount of their stock out of the assets, in
priority to the common stock.

DIVIDENDS. — Since its organization the company has paid dividends on its preferred
stock as follows : July 1 and Oct. 1, 1897, and Jan. 1 and April 1, 1898.

RAILROADS OPERATED BY THE OREGON RR. AND NAVIGATION Co.

Mill Creek Flume and Manufacturing

Co.— Walla Walla to Dudley and Dlxey, Wash., 13.4
miles. Chartered Feb. 24, 1880. Mileage Included in
the lines of the O. RR. & N. Co.. which see. Capital
stock, $200,000. M. C. Moore, Pres.; C. B. Upton.
Sec., Walla Walla, Wash. General Office, Portland,
Ore.

Walla Walla and Columbia River RR.

— Wallula June, to Walla Walla, Wash., 30.18 m.;
Blue Mountain to a point near Milton, Ore., t>.84 m.
—total, 35.52 miles. These lines are Included in the
mileage of the Ore. RR. 4 Nay. Co., which see.
Chartered April 15, 1868. Capital stock, $700,000.
J. G. Paine, Pres. ; C. B. Upton, Sec., Walla Walla.
Wash. General Office, Portland, Ore.

Cascades RR.— Lower Cascades to Upper Cas-
cades, Wash., 6 miles. Mileage included in the lines
of the O. RR. & N. Co., which see. Chartered Jan.
31, 1859; road opened Oct. 13, 1862. Capital stock.
$300,000. S. B. Jones, Vice-Pres.; W. W. Cotton,
Asst. Sec., Portland, Ore. General Office, Portland,
Ore.

Columbia and PalouHellR.— Connell, Wash.,
to Moscow, Id., 117.32 m.; Colfax to Farmington,
Wash., 27.48 m.— total, 144.8 miles. These lines are
included in the mileage of the O. RR. & N. Co.,
which see. Chartered June 24, 1882. Capital stock,
$1,000,000; funded debt (1st mtge. 6 p. c. bonds, due
Oct. 1, 1923, interest April 1 and Oct. 1), $2,829,000
—total stock and bonds, $3,829,000. W. W. Cotton,
Vice-Pres.; C. B. Upton, Asst. Sec., Portland, Ore.
General Office, Portland, Ore.

Board of Directors, The Oregon RR. & Nav. Co., elected Sept. 2, 1897.
ALFRED S. HEIDELBACH, Chairman of the Board N«w York, N. Y.

A. S. Heidelbach. .New York, N. Y.

A. L. Mohler Portland, Ore.

H. W. Corbett "

W. M. Ladd "

Miles C. Moore. Walla Walla, Wash.

W. B. Aver Portland, Ore.

A. L. Mills " "

Wm. Mackintosh "

W. W. Cotton " "

Wm. L. Bull New York, N. Y.

Edward D. Adams. New York, N. Y.
Charles H. Coiter. . " "

W. G. Oakman "

Samuel Carr " "

Henry Failing Portland, Ore.

A. L. Mohler, President and @en. Manager Portland, Ore.

Sec. & Gen. Atty.—W. W. Cotton Portland, Ore. I Asst. Treat.— George E. Withington — .Portland, Oit.

Treasurer — A. Marcns New York, N. Y. I Gen. Auditor— E. S. Benson " "

Asst. Sec.— Howard C. Tracy 15 Wall St., New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Portland, Ore.

RIO GRANDE WESTERN RAILWAY COMPANY (THE).

Main Line of Road. — Ogden, Utah, to Crevasse, Col 810.20 m.

Leased: D. & R. G. RR.: Crevasse to Grand Junction, Col 18.20 m.— 828.40 miles.

Bingham Branch : Biugham Junction to Biugham, Utah 14.15 m.

Wasatch Branch : Bingnam Junction to Wasatch, Utah 10.06 m.

Pleasant Valley Branch : Pleasant Valley June., Utah, to coal mines 19.80 m.

San Pete Branch. : Thistle to Manti, Utah . . .- 61.63 m.

Spurs: Lake Park, 1.50 ; Diamond Quarry, 1.40 ; Jennings Quarry,

2.73; Lawrence Quarry, 0.45 6.08 m.— 111.22 "

Joint Ownership with Ore. S. L. RR. Co. : \ ?nion Stock Yards.'Spur. 1 .08 m.

| Copper Plant Spur 0.87m. — 1.95

Owned • •$ Sevier Ry. : Manti to Belknap, Utah 61.96 m.

' ( Tintic Range Ry.: Springv. to Silver Cy., Utah, and spurs 46.71 m. — 108.67 "

Total length of lines operated June 30, 1897 .550.24 miles.

Sidings, etc. (owned, 77.17m.; leased, 7.38 m.), 84.55 miles. Gauge, 4ft. 8* in. Rail (steel),
55 Ibs.

In addition to the above mileage, the company owns narrow-gauge tramways from Wa-
«itch to Alta, 7.8 m., and from Bingham to Mines, 3.50 m. (total, 11.80 m.), making total
i length of lines owned and operated, June 30, 1897, 561.54 miles.

History. — Consolidation, June, 1889, of the (reorganized) Denver and Rio Grande West-
;rn and the Denver and State Line Ry. Cos. (See MANUAL for 1889.) The company owns
ill the securities of the leased lines. (See MANUAL for 1893.) An extension of the Sevier
*y. from Saliua to Belknap, Utah, a distance of 35.96 miles, was completed in Oct., 1896 (see
MANUAL for 1897, p. 250).

260

POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.

The property of the Utah Central Ry. Co. (see statement on p. 262) was sold under fore-
closure on May 8, 1897, and purchased on behalf of the bondholders for $277,000. An
agreement was entered into between this company and the purchasers of the Utah Central
which provided that in consideration of the transfer of the entire capital stock of the new
corporation to be formed, the R. Q. W. Ry. Co. would guarantee the principal and 4 p. c. in-
terest on $550,000 of a total issue of $650,000 bonds of the new company, the remaining
$100,000 to go into the treasury for future improvements and betterments to the purchased
property. In pursuance of which agreement this company assumed possession as of Jan. 1,
1898, under lease.

The estimated net return to the system from the operation of the Tintic Range and the Sevier Ry.
branches is for the year ending June 30, 1897, $263,917. This i» 85 p. c. more than enough to cover the 5
p. c. interest on the $2,850,000 1st mtge. bonds of these branches, and is a gain for the Tintic Range of 49
p. c., and a falling off for the Sevier of 4i p. c., as compared with last year, which had already shown gaina
of 42 p. c. and 29 p. c. respectively over the year 1895.

Rolling Stock, June 30, 1897. — Locomotives, 75. Cars — passenger, 28 ; combination, 7;
baggage, etc., 17 ; officers', 3 ; freight (box, 170 ; stock, 189 ; flat, 139 ; coal, 297 ; fruit, 71;
caboose, 21), 887; other, 18 — total cars, 960. The company also owns 2 narrow gauge engines.
Since June 80, 1897, there have been added 4 locomotives and 4 chair cars.

Operations, year ending June 30, 1897. — See tabulated statement on p. 261.

Earnings— Passenger $525,409 69

Freight 1,795,923 69

Mail and Express I 1/(- 1r.ft OR

Miscellaneous \ 147'1<0 *

Total ($4,51 7.35 per mile) $2,468,504 24

Expenses— Conducting Transportation

$857,703 73
172,147 1?

Maintenance of Equipment

Maintenance Way and Bldgs. . . 389,286 33

General and Contingent 185,407 13

Total ($2,936.30 per mile) .$1,604,544 41

Net earnings (35.00 p. c.), $863,959.83 ; add receipts from, interest, $818.48— total, $864,-
778.31. Payments : Interest on bonds, $608,000 ; rentals leased lines (net), $14,400 ; taxes
and insurance, $105,345.20; local pool, $5,662.45— total, $733,407.65. Surplus, $131,370.66;
surplus forward, $295,517.72— total, $426,888.38. Deduct : Dividend No. 12, paid in pre-
ferred stock, Aug. 16, 1897, $250,000 ; new equipment, betterments and claims in suit, $125,-
000; sundry items prior to July 1, 1896, $3,180.33— total, $378,180.33. Balance to credit of
profit and loss, June 30, 1897, $48,708.05.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $28,603,900 00

Expended for Preliminary Survey (Provo

Canon) 11,939 79

Expended for Betterm'ts on Line Leased
from the D. & R. G. RR. Co 8,000 23

Cost of Bovino Stock Yards, near Grand

Junction 6,746 71

Bonds and Capital Stock of the Tintic
Range Ry. Co. in the Treasury (at
cost) 2,700,142 31

Bonds and Capital Stock of the Sevier
Ry. Co., representing 61.96 m., in
the Treasury:
Part, at cost, in Pref. Stock

issued to provide the cost.$396,100 00
* Balance, at cost, in cash
advanced from Current
Funds of the Company. . . 280,424 16— 676,524 16

Capital Stock of the Western Express
Co. in the Treasury (par value, $1,-
000,000) at nominal value 20,00000

Other Securities in the Treasury 62 50

R. G. W. Ry. Co. 1st Trust Mtge. Bonds

(4 p. c.) in the Treasury (at par) 800,000 00

Preferred Capital Stock, R. G. W. Ry.
Co., held for Dividend No. 12 (pay-
able Aug. 16, 1897) 250,000 00

Cash on Hand $54,411 30

Cash deposited with the State
Trust Co., Trustee, to pay
Interest on Bonds, due July
1, 1897 304,000 00— 358,411 30

Due from Agents and in Transit 71,462 19

Due from Individuals and Cos 34,049 05

Due from U. S. Government 17,079 64

Materials and Supplies on Hand 154,777 98

Total Assets .$33,713,095 76

* This item is separately entered, as Current Cash

ing suitable capital provision.

Capital Stock:

Common Stock, including $2,500,000 —
issued in exch. for a like amount
of Bonds and Capital Stock of the

Tintic Range Ry. Co $10,000,00000

Pref. Capital Stock, including amount
issued to purchase the Bonds and
Capital Stock of the Sevier Ry. Co.

(auth. issue, $7,500,000) 6,500,00000

First Trust Mtge. 4 p. c. Bonds:

Amount Sold $15,200,00000

Amount in Treasury 800,000 00—16.000,000 00

Vouchers 238,429 21

Pay Rolls (paid in July). 86,152 46
Pay Checks and Un-
claimed Wages 21,96938— 346,55105

Due to Individuals and Companies 13,016 01

Due to Foreign Roads for Traffic Bal'ces 8,032 91

Interest on Bonds to July 1, 1897 312,434 .50

Dividend No. 12 (payable Aug. 16, 1897,

in Preferred Capital Stock) 250,000 00

Unpaid Taxes to July 1, 1897 (not Due

until Nov. 1, 1897) 51,00000

Equipment Destroyed, etc 45,814 31

Depreciation of Equipment 60,155 68

Insurance and Other Funds 77,38325

Balance at Credit of Profit and Loss, or
Surplus, on June SO, 1897 48,708 05

Total Liabilities $33,713,095 76

Funds have been advanced in payment of same, peud-

POOR'S MANUAL — RIO GRANDE WESTERN RY. CO. (THE).

261

For terms of plan of reorganization, showing under what conditions the stock and bonds
were issued, see MANUAL, for 1891, page 904.

Statement of operations, capital accounts, etc., for eight years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of RR. Operated (Av.)
Revenue Pass. Train Miles.
Revenue Fr. Train Miles. . .
Total Train Miles. .

387.00
513,987
541,862
1,055,849
175,699
22,931,191
382,502
51,488,010
1
471,010
1,067,202
84,022

407.00
571,955
611,825
1,183.780
229,603
29,050,793
569,209
81,812,208
1
638, VT6
1,596,015
111,340

481.16
668,255
728,951
1,397,206
275,850
33,579,531
632,288
106560,227

700,004
1,819,880
124,040

514.00
709,045
648,158
1,357,203
293,489
33,098,354
667,451
100,894,099
$
660,884
1,710,716
124,862

519.10
652,501
650,857
1,303,358
213,540
30,275,934
635,561
103,998,521
I
521,992
1,461,510
117,817

519.61
686,419
671,818
1,358,237
219,813
21,747,214
678,539
116.633,943
$
443,047
1,612,932
133,712

518.12
714,131
654,221
1,368,352
261,814
37,542,589
736,621
124809,535

555,193
1,769,829
141,336

546.45
738,749
649,651
1,388,400
262,114
24.831,737
727,611
123,360,048
$
525,409
1,795,924
147,171

Passengers Carried

Passenger Miles

Freight (tons) Moved. .. .

Freight (ton) Miles

Passenger Earnings

Freight Earnings
Miscellaneous

Gross Earnings

1,622,234
1,105,517

2,346,131
1,450,078

2,643,924
1,668,335

2,496,462
1,603,146

2,101,319
1,377,013

2,189,691
1,446,243

2,457,358
1,499,897

2,468.504
1,604,544

Gross Expenses

Net Earnings. ,

516,717
30,968

896,053
2,262

975,589
18,074

893,316
23,734

724,306
23,608

743,448
48,654

957,962
850

863,960
818

Other Receipts

Total Income

547,685
393,500

898,315

535,500
(5) 255,369
14,400
41,532
744
+ 50,770

5,764 45
3,56285
2,20160
61. 81 p. C.
2.20 c.
1.95 c.

428.40
74
35
17
1,156

7,500,000
6,250,000
14,000,000
19,998
290,216
405,390

993,663

560,000
(5) 312,399
31,512
65,092
5,608
+ 19,052

5,49490
3,46732
2,02758
63. 10 p. C.
2.08 c.
1.71 C.

494.11
74
36
17
727

$

10,000,000
6,250,000
16,000.000
34,929
289,003
403,492
400,000
10,997
206,455

917,050

584,027
(5) 312,416
36.531
70,582

747,914
617,050

792,102
608,000

958,812
608,000

864,778
608,000

Payments : Interest

Dividends

Lease Rentals . .
Taxes andlnsu.
Other Pay'nts. .
Balance ( + or — ). . . .

8,763
26,998
2,381
+ 116,043

4,20685
2,849 76
1,35709
68. 15 p. c.
2.05 c.
2.07 c.

367.50
67
24
14
1,073

7,500,000
4,736,000
13,175,000
12,000
276,652
487,979

38,008
77,223
6,283
+ 9,350

4,04800
2,652 69
1,395 31
65. 53 p. c.
1.72 c.
1.40C.

512.71
77
36
17
718
I
10,000,000
6,250,000
16,000,000
34,989
312.433
325,794

63,055
76,355
4,431
+ 40,261

4,214 10
2,78332
1,43078
66. 05 p. c.
2.04 c.
1.38 c.

512.71
77
36
17

718

10,000,000
6,250,000
16,000,000
35,000
312,693
343,263

*14,400
88,303
6,671
+ 241,438

4,742 84
2,893 92
1,84892
61 .02 p. c.
2.02 c.
1.41 c.

511.22
77
35
17

718
$

10,000,000
6,250,000
16,000,000
45,000
314,693
293.132

* 14,400
105,345
5,662
+ 131,371

4,517 35
2,93630
1,581 05
65 p. c.
2.12 c.
1.46 C.

543.34
77
35
17
908
S

10,000,000
6,500,000
16,000,000
51,000
312,435
367,600

-86,506

4,856 93
3,11895
1,73798
64.22 p. c.
1.99 C.
1.69C.

511.07
77
36
17

724

10,000,000
6,250,000
16,000,000
32,500
299,567
447,190
826,000
14,409
86,152

Gross Earn, per M

Gross Expenses per M
Net Earnings per Mile
Expenses to Earnings
Ave. Rate per Pass, per M..
Ave. Rate p. Ton p. M

Miles of RR. Owned
Locomotives. .

Passenger Cars

Baggage, Mail, etc.. Cars. . .
Freight and Other Cars

Common Stock

Preferred Stock

Funded Debt.

Taxes Accrued

Interest Ace. and Due

Current Accounts

Bills Payable

Other Liabilities....

86,766
24,160

90,351
63,948

119,248
295,518

433,353
48,708

Profit and Lose. .

257,885

238,239

Total Liabilities

26,445,516
25,551,636

28,703,843
27,750,000

33,594,876

27,834,455
4,828,241
246,231
186,631
499,318

33,955,818

28,008,014
4,893,213
171,233
138,364
436,420
164,046
144,528

33,034,142

28,452,269
3,694,311
148,315
109,089
323,030
168,592
138,536

33,095,255

28,502,406
3,693,290
147,909
122,154
318,997
173,042
137,457

33,317,591

28,654,096
3,693,494
168,816
270,290
357,454
173,440

33,713,096

28,630,587
4,446,729
154,778
122,591
358,411

Cost of Road and Eq't
Securities in Treasury

Materials on Hand.

377,406
182,816
333,658

219,721
187,744
546,378

Accounts Receivable. . .

Cash

T. R. Ry. Co. for Bett's. .

Steel Rails on Hand

Total Assets. .

26,445,516

28,703,843

33,594,876

33,955,818

33,034,142

33,095,255

33,317,591

33,713,096

•Net.

Income Account, Supplementary Statement, 10 months ending April 30, 1898, compared
with corresponding period of the previous fiscal year. — Gross earnings, 1898, $2,769,485.20 ;
1897, $2,011,532.05. Operating expenses, 1898, $1,710,307.08 ; 1897, $1,344,358.12. Net
earnings, 1898, $1,059,178.12; 1897, $667,173.93. Fixed charges, taxes, etc., 1898, $620,-
139.15 ; 1897, $621,105.01. Surplus, 1898, $439,038.97 ; 1897, $46,068.92.

Funded debt consisted June 30, 1897, of ($16,000,000 auth.) 1st trust mtge. 4 p. c. 50-yr. gold bonds,
due July 1, 1939, interest Jan. and July, at the office of the State Trust Co., New York City. These bonds are
secured by mtge. to the Central Trust Co., trustee, of 434 m. of road owned, including 11.30 m. of tramway,
ut not on the Sevier Ry. and Tintic Range Ry. securities, both of which are held in the treasury as avail-
able assets. In case of default in interest on bonds, the bondholders will have the power to appoint a major-
ity of the Board of Directors.

262

POORS MANUAL OF RAILROADS — PACIFIC GROUP.

The preferred stock is entitled to dividends up to 5 p. c. per annum, non-cumulative, before the common
stock shall be entitled to any dividends. After the payment in any one year of 5 p. c. on both the preferred
and common stock, both classes of stock to share on an equal footing in the distribution of any further
dividends for that year.

Dividends. — Dividends on the preferred stock have been paid as follows: Feb., 1891, 2|
p. c. preferred stock ; May, 1891, to Aug., 1893, both inclusive, l£p. c. quarterly ; Aug., 1897,
4 p. c. in preferred stock; Nor., 1897, f p. c. and Feb., 1898, Ij p. c., of which 1 p. c. was an
extra dividend and May 1, 1898, I p. c.

RAILROADS LEASED BY THE Rio GRANDE WESTERN RY. Co.

Sevier Ry.— Manti to Belknap, Utah, 61.96 miles.
Chartered In May, 1891, to build a railroad from
Manti to Marysvale and Parowan, with branches,
about 200 miles. Road opened to Salina, 25.7 m.
on July 1, 1891; extended to Richfield, 17.3 m. on
July 1, 1896, and to Belknap, 19.6 m. from Rich-
field, NOT. 1, 1896. Operated under lease from date
of opening by the Rio Grande Western Ry. Co.
Capital stock— common, $929,400; preferred, $619,600;
1st mtge. bonds, $1,549,000— total, $3,098,000, all
owned by the lessee. David C. Dodge, Pres., Denver,
Col.; Wm. F. Colton, Sec. & Treas., Salt Lake City,
Utah. General OfBce, Salt Lake City, Utah.

Tlntic Range Ry.— Springville to Silver City,
Utah, and spurs, 46.71 miles. Rail (steel), 57 Ibs.
Chartered May 11 and July 29, 1891; main line
opened Jan. 1, 1892. Leased April 1, 1892, to the
Rio Grande Western Ry. Co. Capital stock (par,
$100)— common, $780,600; preferred, $520,400; 1st
mtge. bonds (5 p. c., due April 1, 1922), $1,301,000—
total, $2,602,000, all owned by the lessee. David C.
Dodge, Pres., Denver, Col.; Wm. F. Colton, Sec. &
Treas., Salt Lake City, Utah. General Office, Salt
Lake City, Utah.

Board of Directors, The Rio Grande Western Ry. Co., elected Oct. 25, 1897.

William J. Palmer. Col. Springs, Col.
Geo.Foster Peabody.New York,N.Y.
David C. Dodge Denver, Col.

Barthold Schlesinger.. Boston, Mass.

Edwin Packard Brooklyn, N. Y.

Charles J. Canda.. .New York, N. Y.

Spencer Trask New York, N. Y.

Geo. Barclay Moffat "

James C. Parrish.Tuxedo Park, N.Y.

WILLIAM J. PALMER, President New York, N. T.

George Foster Peabody, 1st Vice- President " "

David C. Dodge, 3d Vice-President and General Manager Denver, Col.

Sec. d, Treat.— C. W. Drake.ll B'way, New York, N. Y. | Auditor— Theron Geddes Salt Lake City, Utah.

PRINCIPAL OFFICE AND ADDRESS Salt Lake City, Utah.

RAILROAD LEASED BY THE Rio GRANDE WESTERN RY. Co., SINCE CLOSE OF FISCAL YEAR.

TJTAH CENTRAL RY.-Salt Lake to Park City, Utah, 32.62 miles. Gauge, 3 ft. Rail (steel), 40 Ibs.
Chartered April 8, 1890, and succeeded to the rights, franchises, etc., of the Utah Western and the Salt Lake and
Eastern Ry. Cos. An extension to the Colorado State line, 176 m., is projected and grading is completed on
17.5 m. of it, near Park City. Receivers appointed Nov. 27, 1893. Road sold under foreclosure May 8, 1897, and
purchased on behalf of the bondholders for $277,000, who reorganized it as the Utah Central RR. (chartered Dec.
29, 1897). Under an agreement between the purchasers and the R. G. W. Ry. Co., whereby on consideration of
the transfer to the latter company of the entire capital stock of the new company, the R. G. W. Ry. Co. wonld
guarantee the principal and 4 p. c. interest on $550,000 bonds (of a total of $650,000), that company assumed opera-
tion of the property on Jan. 1, 1898, underlease. Locomotives, 6. Cars— passenger, 8; baggage, etc., 1; freight
(box, 19; flat, 27; coal, 84), 130; caboose, 3; other, 4— total, 146.

Operations, year ending June 80, 1897. — Trains run (passenger, 1,316; freight, 1,966; mixed, 22,519; other,
21,190), 46,991 mile*. Passengers carried, 23,526; carried one mile, 699.354. Tons moved, 14,591 ; ton-miles, 314,-
336. Earnings (passenger, $32,385; freight, $34,100; other, $4,511), $70,997. Operating expenses, $50,687. Net
earnings, $20,309. Payments: Taxes, $2,313; other payments, $6,791— total, $9,104. Surplus, $11,205; deficit
forward, $12,493; net deficit, $1 ,289.

Financial Statement, April 1, 1898 (Reorganized Company— Utah Central RR.).— Capital stock, $250,000;
funded debt (1st mtge. 4 p. c. 30-yr. bonds, due Jan. 1, 1918, interest April and Oct., anth., $650,000), $550,000 —
total, $800,000. The stock is all owned and the bonds are guaranteed by the R. G. W. Ry. Co. W. G. SHARP,
Pres. ; Theron Geddes, Sec.;Wm,F. Colton, Treas., Salt Lake City, Utah. GENERAL OFFICE, Salt Lake City, Utah.

SAN FRANCISCO AND NORTH PACIFIC RAILWAY COMPANY.

(For map of this line see page 263.)

Main Line of Road.— Point Tiburon, Cal., to Ukiah, Cal 106.00 m.

Donahue Branch : Donahue to Junction with Main Line . 5.56 m.

Guernevitte Branch : Fulton to Guerneville and Bohemia, Cal 20.88 m.

Sebastopol Branch : Santa Rosa to Sebastopol, Cal 6.25 m.

Sonoma Valley Branch : Ignacio to Glen Ellen, Cal 26.63 m. — 165.32 miles.

Sidings, 29.33 miles. Gauge, 4 ft. 8* in. Rail (steel, 121.61 m.), 30, 50, 56, and 70 Ibs.

In addition to its railroad lines, as above, this company operates the ferry from Ssin
Francisco to Point Tiburon, 6.5 m., making total length railroad and ferry operated, 171.82 in.

History. — Consolidation in March, 1889, of the San Francisco and North Pacific, the
Sonoma Valley, the Marin and Napa, the Cloverdale and Ukiah, and the San Francisco and
San Rafael RR. COB. (See MANUAL for 1890.)

yi Salmon ifreek
Springvtfe

MAP OF THE

SAN FRANCISCO

AND

NORTH PACIFIC RY.

Germantown

R or

S /^Gridleyl /V^

263

264

POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.

Rolling Stock, June 30, 1897. — Locomotives, 17. Cars— coaches, 41 ; excursion, 7 ;
baggage, etc., 6; palace, 1 ; freight (box, 135 ; flat, 261 ; stock, 13 ; caboose, 2), 411 ; other,
88 — total, 554. Also 3 steamers and 1 floating pile-driver.

Operations, year ending June 30, 1897. — See tabulated statement below.

Earnings— Passenger $359,983 43

Freight 326,751 02

Mail and Express 35,383 11

Miscellaneous 15,077 03

Expenses— Conducting Transportation $180,209 55

Maintenance of Equipment 125,181 08

Maintenance Way & Buildings . . 87,186 58
General 69,52569

Total ($4,458.59 per mile) $737,094 59 Total ($2,795.20 per mile) $462,102 90

Net earnings (37.31 p. c.), $274,991.69. Payments : Interest on bonds, $204,915 ; sinking
fund, $25,000; taxes; $34.866.54; dividends (| p. c.), $30,000— total, $294,781.54. Deficit,
$19,789.85; surplus forward, $164,297.70; net surplus, $144,507.85.

Statement of mileage, equipment, operations, etc., for seven years ending June 30 :

1891

1892

1893

1894

1895

1896

1897

Miles of RR. Operated..
Miles of Track Owned..
Mile* of Steel Rail

162.25
186.78
106.20
18

164.65
190.47
111.82
17

165.32
191.83
114.35
18

165.32
193.66
115.92
18

165.32
194.03
118.39
17

165.32-
194.42
120,04
17

165.32
194.65 •
121.61
17

Passenger Cars

51

49

49

49

48

48

48

Baggage, etc., Cars
Freight and Other Cars.
Passenger Train Miles..
Frght and Mxd Tr. Mis.
Passengers Carried
Passenger Miles

4
468
234,184
121,279
804,148
19,835,773

4
476
233,213
126,411
921,357
21,412,789

5

464
242,059
119,903
935,814
20,617,722

5

484
243,123
118,527
871,078
19,647,385

5

493
247,410
123,119
866,979
18,239,658

5
502
254,272

128.547
894,502
18,379,425

6

500
261,779
1I7.3J6
891,195
18,600 457

Freight (tons) Moved. . .
Freight (ton) Miles

Passenger Earnings
Freight Earnings

192,472
8,299,391
$
416,479
362,835

194,966
8,960,724
$
433,090
899,259

182,804
8,185,169
$
431,501
389,874

168,803
7,203,417
$
408,283
350,686

189,067
8,676,813

384,103
393,164

180,583
8,167,879
$
373,279
367,257

169,525
7,499,347
$
359,983
326,751

Miscellaneous

53,333

54,123

54,902

49,368

49,434

50,422

50 361

Gross Transp. Earnings.
Operating Expenses —

832,647
517,852

886,472
548,815

876,27?
553,006

808,337
512,303

826,701
511,149

790,958

520,878

737,095
462,103

Net Earnings

314,795

337,657

323,271

296,034

315,552

270,080

274,992

Payments: Int.on Bonds
Sinking Fund

206,633
25,000

205,413
25,000

210,270
25,000

208,463
25,000

206,140
25,000

205,550
25,000

204,915
25,000

Taxes ...

26,610

26,237

26,256

*40,486

30,624

37 500

34 867

Dividends on Stock

(J) 80,000

(1) 60000

(J) 30000

Balance (+ or — )

Gross Earn, per Mile. . .
Gross Exp. per Mile
Net Earn, per Mile
Expenses to Earnings. .
Av. Rate per Pass. p. M.
Av. Rate per Ton p. M..

+ 56,552

5,131 88
3,191 70
1,940 18
62. 20 p. C.
2.09 C.
4.37 c.

+ 81,007

5,463 62
3,382 53
2,081 09
61. 91 p. c.
2.02 c.
4.45 C.

-1-61,745

5,300 49
3,84506
1,955 43
63. 10 p. c
2.09 c.
4.76 c.

+ 22,085

4,889 52
3,098 85
1,790 67
63.38 p. c.
2.08 c.
4.86 c.

+ 23,788

5,000 61
3,091 87
1,908 74
61. 83 p. c.
2.10 c.
4.53 c.

-57,970

4,784 40
3,150 73
1,633 67
65.87 p. c.
2.03 c.
4.01 c.

-19,790

4,458 59
2,795 20
1,663 39
62.69 p. C.
1.93 c.
4.35 c.

* Includes $9,848 settlement old claims, subscription, etc.

Income Account, Supplementary Statement, 10 months ending April 30, 1898. — Gross
earnings, $699,073.45. Operating expenses, $441,190.14. Net earnings, $257,883.31. De-
duct for interest and sinking fund charges, $190,041.68. Surplus, $67,841.63.

General Balance Sheet, June 30, 1897.

Cost of Consolidated Roads $10,437,09631

41,971 71
25,024 00
19,691 98
3,313 28
5,293 64
23,747 37

Capital Stock ($100 shares) $6,000,00000

Funded Debt Outstanding 4,085,000 00

Sinking Fund Paid (1st Mtge. Bonds)... 205,000 00

Sundry Creditors

Creditors an Pay Rolls

Profit and Loss

102,542 3!)

19,088 o;>

144,507 85

Materials, etc., on Hand.

Mercantile Tr. Co. (for Redem. of B'ds)

Sundry Debtors

Station Agents and Conductors

Remittances in Transit

Cash in Hand and in Bank

Total Assets $10,556,138 29 Total Liabilities $10,556,138 2!)

Funded debt consisted, June 30, 1897, of 1st mtge. 5 p. c. 30-yr. $1,000 bonds, due Jan.
1, 1919, interest payable Jan. and July, at 46 Wall St., New York City, at San Francisco, Cal.,
or at Frankfort-on-the-Main. The bonds are in coup, form, with privilege of registration.
There is a sinking fund of $25,000 per annum for purchase of the bonds in the market at
not exceeding 110 and interest. . Trustee : Mercantile Trust Co., New York, N. Y.

POOR'S MANUAL OF RAILROADS. 265

Directors (elected Jan. 18, 1898).— Arthur W. Foster, Philip N. Lilienthal, Geo. A.
Newhall, Jesse W. Lilienthal, J. B. Stetson, A. H. Payson, San Francisco, Cal.; Andrew
Markham, Santa Rosa, Cal.

ARTHUK W. FOSTER, Pres. and Gen. Manager., San Francisco, Cal.

Andrew Markham, Vice- President '. Santa Rosa, Cal.

Sec. & Controller— Thos. Mellersh. .San Francisco, Cal. | Treasurer— Anglo-Calif ornian Bank, San Francisco, Cal.

PRINCIPAL OFFICE AND ADDBESS Mutual Life Building, San Francisco, Cal.

ARIZONA AND NEW MEXICO RY.— Lordsbnrg, N. M., to Clifton, Ariz., 71 m.; sidings,
miles. Gauge, 3 It. Rail (steel), 35 Ibs. Consolidation, Aug. 1, 1883, of the Clifton and Lordsburg and the <

ALAMEDA AND SAN JOAQUIN RE,.— Stockton to Corral Hollow, Cal., 36 miles. Gauge, 4 ft.
8i in. Rail (Steel), 56 Ibs. Organized May 1, 1895 ; road completed about July 1, 1886. Locomotives, 3. Cars-
freight (flat, 40 ; coal, 20 ; other, 20), 80, of which 20 are leased.

Operations. — All information refused.

Financial Statement, March 31, 1896 (latest rendered).— Capital stock (shares, $100), $500,000 ; profit and
loss, $95— total, $500,095. Contra : Cost of road, etc., '$418,411 ; casu and current assets, §81,684 — total, $500,095.

Directors (elected March 10, 1897).— R. D. Fry, H. A. Williams, J. Dalzell Brown, Jno. Treadwell, B. M.
Bradford, San Francisco, Cal. OFFICERS : R. D. FRY, Pres.; H. A. Williams, Vice-Pres.; B. M. Bradford, Sec.',
J. Dalzell Brown, Treas., San Francisco, Cal. GENERAL OFFICE, 328 Montgomery St., San Francisco, Cal.

ARCATA AND MAD RIVER RR.— Arcata Wharf to Korbel, Cal., 14 m.; Korbel to Mad River,
4.5m.— total, 18.5 m.; sidings, 3.75 miles. Gauge, 3 ft. 9J in. Rail— steel (16.75 m.), 35 and 40 Ibs.; iron, 30 Ibs.
Organized Dec. 29, 1881 ; road opened as above in 1893. Between Eureka and Arcata Wharf, a distance of 4.5 m.,
a ferryboat is rim. Locomotives, 4. Cars— passenger, 2 ; freight (box, 3 ; flat, 160), 163 ; service, 22— total, 187.

Operations, year ending Jtine 30, 1897.— Trains run (mixed\ 24,087. Passengers carried, 16,741. Tons
moved, 7,101. Earnings (passenger, $9,328 ; freight, $19,258 ; other, $1,506), $30,092. Operating expenses, $72,-
158. Deficit from operations, $42,066. Miscellaneous income, $11,479— net deficit, $30,587. Payments : Interest,
$896 : taxes, $2,082- total, $2,978. Deficit for year, $33,566.

Financial Statement, June 30, 1897.— Capital stock (shares, $20), $187,740 ; loans and bills payable, $28,-
540 ; accounts, $810— total, $217,090. Contra : Cost of road, etc., $185,055 ; real estate, $18,040 ; cash and current
assets. $45 ; other assets, 84,672— total, $207,812.

Directors.— F. Korbel, A. Korbel, J. Korbel, Anna Korbel. Therese Korbel, San Francisco, Cal. OFFICERS :
F. KORBEL, Pre*.: J. Korbel, Sec. & Treas., San Francisco, Cal.; V. Zarnba, -Sitpt., Arcata, Cal. GENERAL
OFFICE, 723 Bryant St., San Francisco, Cal.

2.60

-«, lie Clif-
ton and Southern Pacific RRs. Built by the Arizona Copper Co. for the purpose of hauling coke, supplies, and
copper from its mines. (See MANUAL for 1884.) Locomotives, 4. Cars— combination, 2 ; freight (box, 10 ; flat,
14 ; coal, 29), 53 ; other, 4— total, 59.

Operations, year ending June 30, 1897.— Gross earnings (passenger, $30,895 ; freight, $270,099 ; other, $-?3,-
536), $31 5. 1 30. Operating expenses, £92,279. Net earnings, $222,851.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock, $1,500,000 ; funded debt (1st mtge.
6 p. c. 7-yr. gold bonds, due May 1, 1896, interest May and Nov.), $1,294,533 ; accounts, $6,421 ; accrued interest,
8ie.!U-> ; profit and loss, $115,790— total, $2,929,689. Contra : Cost of road, etc., $1,5S3,586 ; materials, etc., $34,-
186: accounts and cash, $11,483— total, $1,629,255. The bonds are guaranteed by the Arizona Copper Co., Ltd.,
and are subject to redemption at par out of a sinking fund accumulated by that company.

Directors.— James Colquhoun, M. J. Egan, J. G. Hopkins, J. D. A. Smith, L. Fraissinet, Clifton, Ariz.;
Jos. A. Leahy, Benj . Titus, Lordsburg, N. M.; E. A. Cutter, Fort Thomas, Ariz.; Geo. Thomson, Elizabeth, N. J.
OFFICERS : JAS. COLQUHOUN, Pres. <t Gen. Supt.; J. G. Hopkins, Sec. & Treas., Clifton, Ariz. GENERAL OFFICE,
Clifton. Ariz.

ARIZONA AND SOUTHEASTERN RR.— Benson to Bisbee, A. T., 55.3 m. ; total track (steel ;
40 Ibs.), 57 miles. Gauge, 4 ft. 8^ in. Completed as above in 1895 (see MANUAL for 1895). Locomotives, 3. Cars
—combination,2 ; freight (box, 1 ; flat, 8), 9— total, 11.

Operations, year ending June 30, 1897.— Earnings (passenger, $22,298 ; freight. $270,699 ; other, $3,135),
$295,132. Operating expenses, $143,040. Net earnings, $152,092. Paid dividends, $100,000 ; other, $8,477—
total, $108,477. Surplus for year, $43.615.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock, $400,000 ; current liabilities, $18.142;
profit and loss, $318,685— total, $736,827. Contra: Cost of road, etc., $628,329 ; cash assets, $104.367; materials,
$4,l:il— total, $736,827.

Directors.— Not reported. OFFICERS : JAS. DOUGLASS, Pres.; Jos. Van Vleck, Vice-Pres. & Treas.; Geo.
Notoian, Sec., New York, N. Y.; Benj. Williams, Gen. Supt., Bisbee, A. T. GENERAL OFFICE, 99 John St., New
York. N. Y.

ASTORIA AND COLUMBIA RIVER RR.— Young's Bay, Astoria to Seaside, Ore., 18.3 m.;

Astoi-ia to Goble, Ore., 60.2 m.; branch, Warrenton to Flavel, Ore., 2.5 m.— total, 81.0 miles. Sidings, 7 m>les.
Gauge, 4 ft. 8i in. Rail (steel), 40 to 75 Ibs. Chartered in April, 1895. Road built in 1896 from Young's Buy to
Astoria Depot, 2.80 m., and branch from Warrenton to Flavel, 2.50 miles. During the past year purchased the Sea-
shore RR., extending from Young'sJBay Bridge to Seaside, 15.5 miles. Work completed early in 1S98) on exten-
sion from Astoria to Goble, Ore. Locomotive,!. Cars— passenger, 5 ; baggage, etc., 1 ; freight, 21— total, 27.

Financial Statement, Jan. 1, 1898.— Capital stock (shares, $100). $2,000,000. Cost of road, etc., $2,< 00,000.

Directors.— A. B. Hammond, Missoula, Mont.; C. W. Fulton. Astoria, Ore.; Charles F. Beebe, Portland,
Ore. OFFICERS: A. B. HAMMOND, Pres.; T. H. Curtis, Treas.; R. E. Eddy, Sec., Astoria, Ore. GENERAL
OFFICE, Astoria, Ore.

BELLIN(>HAM BAY AND BRITISH COLUMBIA RR.-New Whatcom to Snmas, Wash.,
23.15m.; sundry branches, 1.53m.— total, 24.68 miles. Sidings, 3.15 miles. Gauge, 4 ft. 8i in. Rail (steel). 50,
56 and 60 Ibs. Chartered May 3, 1;S83. Locomotives, 4. Cars — passenger, 4; freight (box, 15; stock,!; flat, 25),
41; caboose,!; log trucks, 13— total, 59.

Operations, year ending June SO. 1897.— Trains run (passenger, 17,020 ; mixed, 16,882), 33,902 miles. Pas-
sengers carried, 19,760; carried one mile, 379,853. Ton s moved, 36,741 ; ton-miles, 700.334. Earnings (passenger,
$12,99S: freight. $21,457: other, $6,135), $40.590. Operating expenses, $38,729. Net earnings, $1,861.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), authorized and paid in, $1,000,000.
Funded debt authorized— $000,000 6 p. c. 50-yr. mtge. bonds, due 1941. These bonds are executed but not sold,
and are secured ou the entire railroad, right of way, equipment, etc., belonging to the company.

266 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.

Directors (elected Jan., 1898).— P. B. Cornwall, A. Hayward, S. P. Smith, Lloyd Tevis, A. W. Rose, Geo.
Haacke, San Francisco, Cal.; D. O. Mills, New York, N. Y. OFFICERS : P. B. CORNWALL, Pres.; S. P. Smith,
Vlce-Pres.; A. W. Rose, Sec., San Francisco, C^l.; C.L.Anderson, Supt., New Whatcom, Wash. GENERAL
OFFICE, San Francisco, Cal.

BELLINGHAM BAY AND EASTERN RR.— New Whatcom to Lake Whatcom, Wa?h,, 2.4 m. ;
Woodlawn to Mannings, Wash., 3.8 m.— total, 6.2 miles. Trackage : F. & N. W. RR., Kentucky Jet. to What-
com Jet., 3.14 m.— total operated, 9.34 miles. • Sidings, 1.25 miles. Gauge, 4 ft. 8i in. Rail (steel), 40 and 56 Ibs.
Chartered Dec. 17, 1891. Road from New Whatcom to Lake Whatcom, 2.4 m., opened June 8, 1892; Wood-
lawn to Mannings, 3.8 m., Aug. 1, 1896. Locomotives, 2. Cars— freight (gondola, 5 ; coal, 29_), 84 ; caboose, 1 ;
logging, 20— total, 55. Also 1 steamer and 2 barges.

Operations, year ending June 30, 1897.— Trains run (freight), 22,364 miles. Tons moved, 43.184 ; ton-'
miles, 403,339. Earnings (freight), $34,386. Operating expenses, $24,802. Net earnings, $9,584; surplus forward,
$14,967— total, $24,550.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $100,000; bills payable, $124,828 ;
current accounts, $18.073; profit and loss, $24,550— total, $267,451. Centra : Cost of road, etc., $174,932; ma-
terials, etc., $485; bills receivable, $86,870 -current accounts, $4,434; cash, $7:30— total, $267.451.

Directors (elected June 25, 1897). — Peter Larson, John T. Murphy, Helena, Mont.; J. J. Donovan, J. A.
Kirkpatrick, J. H. Bloedel, New Whatcom, Wash. OFFICERS: PETER LARSON, Pres., Helena, Mont.; J. J.
Donovan, Vice-Pres., Treas. & Gen. Supt.; J. A. Kirkpatrick, Sec. & And., New Whatcom, Wash. GENERAL
OFFICE, New Whatcom, Wash.

BTJCKSPORT AND ELK RIVER RR.— Bucksport to Falks Mill, Cal., 8 miles. Gauge, 4 ft. 8* in.
Rail (steel), 50 Ibs. Chartered July 25, 1884 ; road opened as above Jan. 1, 1886. Logging road. Locomotives, 2.
Cars (logging), 30.

Operations, year ending June 30, 1897.— Gross earnings, $5,104. Operating expenses, $6,817. Deficit
from operations, $1,713. Payments : Dividends, $5,000 ; abandonment of roads and decrease in inventory, "$42,-
568— total, $47,568. Deficit, $49,280; surplus forward, $58,466 ; net surplus, $9,186.

Financial Statement, June 30, 1897.— Capital stock (auth., $500,000; shares, $100), $230,000; profit and
loss, $9,186— total, $239,186. Contra: Cost of road, etc., $221,520; real estate, §2,690; materials, etc., $326; ex-
tension of present road, $5,784; cash and current assets, $7.687; sundries, $1,179— total, $239,186.

Directors (elected Jan., 1898).— Wm. Carson. Josiah Bell, A. H. Connick, J. M. Carson, N. Bullock,
Eureka, Cal. OFFICERS: WILLIAM CARSON, Pres.; J. M. Carson, Treas.; Josiah Bell, Sec. & Gen, Mgr., Eureka,
Cal. GENERAL OFFICE, Eureka, Cal.

CALIFORNIA AND NEVADA RR. -Oakland, Cal., to Bryants, Cal., 23 m.; sidings, 2 miles.
Gauge, 3ft. Rail (steel), 40 Ibs. Projected from Oakland, Cal., eastward to Bodie. (See MANUAL for 1892.)
Receiver appointed in May, 1896. Locomotives, 2. Cars— passenger, 3 ; baggage, etc., 1 ; freight (flat), 8— total
cars, 12.

Operations, year ending June 30, 1897.— All information refused; for latest statement see MANUAL for
1896. C. K. KING, Sec. & Gen. Mgr., Oakland, Cal. GENERAL OFFICE, 902 Broadway, Oakland, Cal.

CALIFORNIA EASTERN RY.— Projected : Blake, Csi., to Goode Springs, Nev., 80 miles. Com-
pleted, June 30, 1897; Blake (formerly Goff), on the A. & P. Ry., Cal., to Manvel, Cal., 29.44 miles. Sidings, etc.,
0.5 mile. Gauge, 4 ft. 8J in. Rail (steel), 52 Ibs. Organized Jan. 20, 1896, under the laws of Colorado, as suc-
cessor to the Nevada Southern Ry. Co., whose property was sold under foreclosure on Oct. 16, 1895. (See MANUAL
for 1895.) The company proposes to extend the road to Goode Springs, Nev. Locomotive,!. Car (passenger), 1.
Other equipment is rented as needed.

Operations, year ending June 30, 1897.— Trains run (mixed), 9,060 miles. Passengers carried, 540. Tons
moved, 1,093. Earnings (passenger, $1,348; freight, $4,448; other, $2,750), $8,546. Operating expenses, $7,918.
Net earnings, $628.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $588,800 ; funded debt (1st mtge.
5 p. c. 25-yr. $1,000 bonds, due July 1, 1921, interest Jan. 1 and Julyl in New York, N. Y.), $441,600; profit
and loss, $628— total, $1,031,028. Contra: Cost of road, etc., $329,842; company's securities owned (contra),
$1,030,400; cash, $638— total, $1,360,871. The 1st mtge. bonds bear interest from July 1, 1898. Trusiee of bonds:
International Trust Co., Denver, Col.

Directors (elected Jan. 20, 1898).— R. W. Woodbury, W. N. Byers, Earl B. Coe, E. M. Cranston, Denver,
Co).; Henry C. Dillon, I. B. Newton, Los Angeles, Cal.; D. G. Scofleld, San Francisco, Cal. OFFICERS : R. W.
WOODBURY, Pres., Denver, Col.; D. G. Scofleld, Vice-Pres., Sun Francisco, Cal.; F. S. Woodbury, Sec., Denver,
Col.; I. B. Newton, Treas.; R. S. Seibert, Gen. Mgr., Los Angeles, Cal. GENERAL OFFICE, Denver, Col.

CARSON AND COLORADO RY.— Mound House, Nev., to Keeler, Cal., 293 m.; Junction to Can-
delaria, Nev., 7 m.— total, 300 miles. Sidings, 28.91 miles. Gauge, 3 ft. Rail (steel), 35 Ibs. Chartered Feb. 27,
1892, and on Aug. 2, 1892, purchased the property of the Carson and Colorado RR. Co., Carson and Colorado RR.
Co., 2d Division, and the Carson and Colorado RR. Co., 3d Division. (See MANUAL for 1893.) Locomotives_, S.
Cars— passenger, 4 ; baggage, etc., 4 ; freight (box, 53 ; flat, 77 ; stock, 13 ; refrigerator, 1 ; other, 23), 167 ; service,
8— total, 183.

Operations, year ending June 30, 1897.— Trains run (freight, 3,140 ; mixed, 137,165 ; other, 4,068), 144,373
miles. Passengers carried, 7,699 ; carried one mile, 515,626. Tons moved, 15,056 ; ton-mile.8, 1,985,594. Earnings
(passenger, $30,503; freight, $84,603; other, $15.990), $131,096. Operating expenses, $99,129. Net earnings,
$31,967. Paid taxes, $20,293. Surplus, $11,674.

Financial Statement, June 30, 1897.— Capital stock ($6,300,000 : shares, $100), $4,380,000 : funded debt
(1st mtge. 4 p. c. $1,000 coup, bonds dated July, 1892, due 1941, interest Jan. and July, at the company's agency
in New York City), $2,000,000; current accounts, $55,713; profit and loss, $11,674— total, $6,447,387. Contra : Cost
of road, etc., $6,380,000 ; materials, etc., $10,619 ; cash and current assets, $56,768— total, $6,447,387. Trustee of
bonds: Metropolitan Trust Co., New York, N. Y.

Directors.— D. O. Mills, New York, N. Y.; George Whittell, W. S. Wood, James M. Allen, S. P. Smith,
John W. C. Maxwell, H. H. Taylor, D. A. Bender, San Francisco, Cal. ; H. M. Yerington, Carson, Nev. ; OFFICERS :
H. M. YERINGTON, Pres. d- Gen. Supt., Carson, Nev.; George Whittel, Vlce-Pres., San Francisco, Cal. ; E. B.
Yerington, Act. Sec., Carson City, Nev.; Bank of California, Treas., Virginia City, Nev. GENERAL OFFICE,
Carson, Nev.

CENTRAL ARIZONA RY.— Flagstaff to Fulton, A. T., 36 miles. Rail, 56 Ibs. Gauge, 4 ft. 8* in.
Successor to the Arizona Mineral Belt RR. ; sold under foreclosure Dec. 4, 1888. (See MANUAL for 1888.) Since
the foreclosure the road has lain dormant except in so much as it has been operated for short distances as a leg-
ging road by the Arizona Lumber and Timber Co., which has been paying the taxes, etc., for 12 m. of the line near
Flagstaff. Recently the rails, etc., of the lower 25 m. of the road were sold to the Santa F6, Prescott and Phanix
RR^Co. OFFICERS : D. M. RIORDAN, Pres.; T. A. Riordan, Vice-Pres. & Gen. Mgr.; F. W. Sisson, Treat.; 'Ml.
J. Riordan, Sec., Flagstaff, A. T. GENERAL OFFICE, Flagstaff, A. T.

COLUMBIA RY. AND NAVIGATION CO.— Projected: Crate's Point to Columbus, Wasa.,/
22 m., with branches from Columbus, Wash., to Malheur Lake, Ore., 160 m., and from Crate's Point to White

POOR'S MANUAL OF RAILROADS. 267

Salmon Vy., Wash., 24 m.— total projected, 203 miles. Completed, Jan. 1, 1898 ; Columbus, westward, 3 miles.
Gauge, 4 ft. 8^ in. Rail (steel), 56 Ibs. Original charter, Dec. 9, 1888 ; amended, Jan. 28, 1890. Constructive
operations suspended. The road will connect the navigable waters of the upper Columbia and Snake Rivers in
Washington, Oregon and Idaho with thu lower Columbia River and tide-water.

Financial Statement, Jan. 1, 1895 (latest rendered).— Capital stock (shares, $100) authorized and sub-
scribed, $2,000,000 ; paid i'i, $495,000 ; funded debt (1st mtge. 6 p. c. 46-yr. gold bonds, due June 1, 1931, interest
June 1 and Dec. 1 at office of the trustee, State Trust Co., New York, N. Y.; authorized, $1,000,000) issued, $300,-
000 ; other liabilities. §57,000. Cost of road, etc., $495,000.

Directors.— Paul F. Mohr, Victor K. McElheney, Francis P. Lowry, New York, N. Y.; David "K. Stevens.
W. D. Tyler, Tacoma, Wash. OFFICERS : PAUL F. MOHR, Pres., New York, N. Y. ; David K. Stevens, Vice-Pres., X
Tacoma, Wash.; Francis P. Lowry, Sec.; Victor K. McElheney, As»t. Sec., New York, N. Y. GENERAL OFFICE.
Tacoma, Wash. New York Office, 44 Broadway.

COL. USA AND LAKE RR.— Colusa to Sites, Cal., 22 m.; sidings, 2 milei. Gauge, 3 ft. Rail (steel),
35 Ibs. Consolidation, Nov. 27, 1886, of the Colusa and the Colusa and Lake RR. Cos. (See MANUAL for 1890.)
Locomotives, 3. Cars— passenger, 3 ; baggage, etc., 2 ; freight (box, 4; flat, 20), 24 — total, 29.

Operations, year ending June 30, 1897.— Train run (mixed), 21,200 miles. Passengers carried, 8,724. Tons
moved, 12,434. Earnings (passenger, |7,970 ; freight, $9,392 ; other, $1,420), $18,781. Operating expenses, $13,308.
Net earnings, $5,473 ; other receipts, $632— total, $6,105. Payments: Interest on bonds, $3,960; other interest,
$281 ; taxes, $637— total, $4,878. Surplus, $1,238 ; surplus forward, $23,115— total, $24,343.

Financial Statement, June 30, 1897.— Capital stock ($100 shares; auth., $400,000), $100,500 ; funded debt,
fi p. c. 20-yr. $1,000 coup, trust bonds, dated April 1, 1887, interest April and Oct., at Bank of California, San Fran-
cisco, Cal. (auth., $70,000), $66,000; accounts, $3,227; profit and loss, $24,343— total, representing cost, etc.,
$194,069. Trustee of bonds : Jerome B. Lincoln.

Directors (elected Dec. 6, 1897).— W. P. Harrington, E. W. Jones, E. A. Harrington, J. W. Goad, George
Hager, Colusa, Cal.; John Boggs, Princeton, Cal.; J. H. Roberts, Sacramento, Cal.; P. Peterson, John Sites,
Sites, Cal. OFFICERS : W. P. HARRINGTON, Pres.; E. W. Jones, Vice-Pres.; Colusa Co. Bank, Treas.; T. Har-
rington, Sec.; E. A. Harrington, Gen. Supt., Colnsa, Cal. GENERAL OFFICE, Colusa, Cal.

COOS BAY, ROSEBURG AND EASTERN RR. AND NAVIGATION CO. -Projected:
Marshfield, Ore., to Roseburg, Ore., 88.1 miles. Completed, June 30, 1897: Marshfleld to Myrtle Point, Ore., 25.86
m ; and spur from Beaver Hill June, to Beaver Hill, 1.89 m.— total, 27.75 miles. Sidings, 3.71 miles. Gauge, 4
ft. 8£ in. Rail (steel), 65 Ibs. Chartered in June, 1890; road opened to Myrtle Point in Aug., 1893; spur com-
pleted Aug. 22, 1894. Extension from Myrtle Point to Roseburg, 62.5 m., was permanently located in Sept., 1893.
Locomotives, 2. Cars— passenger, 2; freight (box, 2; flat, 28; logging, 12; coal, 20), 62— total, 64. Road still in
contractor's hands.

Operations.— Not reported; road not yet turned over to the company by the contractor.

Financial Statement, June 30, 1897.— Capital stock (shares, 8100) authorized and issued, $2,000,000;
funded debt (1st mtge. 6 p. c. 30-yr. $1,000 gold coup, bonds, due April 1, 1921, interest April and Oct.; auth.,
32.000.000), outstanding, $625,000; matured interest coupons unpaid, incl. coupons due July 1, 1897, $155,340;
accrued interest not yet payable, $6,250— total, $2,786,590. Contra ; Cost of road, $625,000; capital slock (nominal
i-isue owned and controlled by corporation and its promoters, $2,000,000; profit and loss, $161,590 — total, $2,786,590.
Trustee of bonds: Farmers' Loan and Trust Co., New York, N. Y.

Directors (elected Aug. 16, 1897).— T. R. Sheridan, Rosebnrg, Ore.; J. W. Bennett, R. A. Graham, F. N.
McLean, J. B. Hassett, O. J. Seeley, F. J. Denevue, Marshfleld, Ore. OFFICERS : T. R. SHERIDAN, Pret., Rose-
bnrg, Ore.; J. W. Bennett, Vice-Pres.; J. B. Hassett, Sec., Treat. & Aud.; R.A.Graham, Gen. Mgr., Marshfleld,
Ore. GENERAL OFFICE, Marshfield, Ore.

CORONADO RR.— Coronado to San Diego, Cal., 20.26 m.; Coronado to Hotel del Coronado, 1.44 m.;
branches, 5.50 m.— total, 27.20 m.; total track (steel; 4E Ibs.), 32.80 miles. Gauge, 4 ft. 8j in. Chartered April 7,
1886. and road completed as above, Dec. 31, 1888. Locomotives, 9. Cars— passenger, 18 ; baggage, etc., 2; freight,
43— total, 63.

Operations, year ending June 30, 1897.— Trains run (passenger, 45,625; freight, 10,589; mixed, 8,495), 64,709
miles. Passengers carried, 217,502. Tons moved, 20,716. Earnings (passenger, $9.081; freight, $13,657; other,
$6,151), $28.889. Operating expenses, $20,460. Net earnings, $8,429. Payments: Interest on debt, $2,188; taxes,
$996— total, $3,184. Surplus, §5,245; surplus forward, $320,538— total, $325,783.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $500,000; current accounts, $121,545;
profit and loss, J325.783— total, $947,318. Contra: Cost of road, etc., $852,933; materials, etc., $9.266; cash and
accounts, $85,119— total, $947,818.

Directors (elected Feb., 1898).— John D. Spreckels, San Francisco, Cal.; H. S. Babcock, C. T. Hinde, E.
Breitenstein, Coronado, Cal.; J. A. Flint, San Diego, Cal. OFFICERS : E. 8. BABCOCK, Pret., Coronado, Cal.;
John D. Spreckels, Vice-Pres., San Francisco, Cal.; E. Breitenstein, Sec. <fc Treas., Coronado, Cal. GENERAL
. OFFICE, Coronado, Cal.

CORVALLIS AND EASTERN RR.— Yaqnina to Idahna, Ore., 142 miles. Sidings, 13 miles.
: Gauge. 4 ft. 8£ in. Rail— irou. 36 Ibs.; steel (150 m.), 50 and 56 Ibs. This company operates a line of steamboats
on the Willamette River, between Portland and Corvallis, in connection with its railroad lines. Incorp. in Dec.,
1897, to build a line from Yaquina Bay to the Snake River in Malheur County, Ore., with a branch from near
Prineville through Lake County into California. Purchased the property of the Oregon Central and Eastern RR.,
owning the completed road from Yaquina to Idahua, Ore., 142 miles (see MANUAL for 1897, p. 263). Locomotives,
12. Cars— passenger, 7; baggage, etc., 4; freight (box, 224; flat, 74), 298; caboose, 1; other, 2-total, 312.

Operations, year ending June 30, 1897 (O. C. & E. RR.).— Trains run (passenger, 12,948; freight, 4,980;
mixed, 15,756; other, 5,120), 38,804 miles. Passengers carried, 28,415; carried one mile, 947,979. Tons moved,
41,990; ton-miles, 1,982,966. Earnings (passenger, $26,241; freight, $43,766; other, $12,346), $82,353. Operating
expenses, $65,599. Net earnings, $16,754. Paid taxes, $3,730. Surplus, $13,024; surplus forward, $5,858— total,
$18,881 .

Financial Statement.— Capital stock (shares, $— ), $2,500.000.

Directors.— Not reported. OFFICERS: J. K. WEATHERFORD, Pret., Corvallis, Ore.; J. R. Wyatt, Sec.,
Albany, Ore.; Edwin Stone, Mgr.; H. Trinwith, Aud.; C. Sullivan, Supt., Corvallis, Ore. GENERAL OFFICE,
Corvallis, Ore.

EEL RIVER AND EUREKA RR.— Eureka to Burnells, Cal., 25 m.; sidings, 5 miles. Gauge, 4 ft.
3j in. Kail (steel), 50 Ibs. Chartered Nov. 14, 1882; road opened throughout July 16, 1885. Locomotives, 3.
Cars— passenger, 7; baggage, etc., 2; freight (box, 10; stock, 2; flat, 26), 38— total, 47.

Operations, year ending June 30, 1897.— Trains run (mixed), 53,100 miles. Passengers carried, 34,222; car-
,ried one mile. 0-33.107. Tons moved, 77,905; ton-miles, 1,324,385. Earnings (passenger, $24,246; freight, $58,300;
;other. $9.202), $91,749. Operating expenses, $48,971. Net earnings, $42,778. Payments: Interest on bonds,
525,410: taxes, $4.471— total, $29,881. Surplus, $12,897; deficit forward. $-219,332; net deficit, $206,435.

Financial Statement. June 30, 1897.— Capital stock (anth., $1,200,000; $100 shares) paid in, $480,000;
'funded debt. $478,000 (auth., $600,000) 1st mtge. 6 p^c. 20-yr. $1,000 coup, bonds, dated Oct. 1, 1883, and 5 p. c.
bonds, dated Oct. 1, 1894, interest April 1 and Oct. 1, at Eureka, Cal.; other liabilities, $10,943— total, $968,943.

268 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.

Contra : Cost of road, etc., $732,973; materials, etc., $3,501; current accounts, $26,034; profit and loss, $206,430 —
total, $968,943. Trustee of bonds: Union Trust Co., of San Francisco, Cal.

Directors.— John M. Vance, William Carson, C. L. Rose, J. N. Gillett, J. M. Carson, Eureka, Cal.; John
Dolbeer, San Francisco, Cal.; E. P. Vance, Salmon Creek, Cal. OFFICERS: JOHN M. VANCE, Pres. & Gtn. Mgr.;
William Carson, Vice-Pres.j Humboldt County Bank, Treas.; T. R. Lever, Sec., Eureka, Cal. GENERAL OFFICE,
Eureka, Cal.

EUREKA AND PALISADE RR.— Palisade to Eureka, Nev., 84 m. ; sidings, 2.5 miles. Gauge, 3 ft.
Rail (steel, 70 m.), 35 Ibs. Chartered March, 1874; road opened Sept., 1876. Locomotives, 5. Care— passenger,
2; baggage, etc., 2; freight (box, 21; flat, 84; coal, 9), 114; other, 1; total, 119.

Operations, year ending June 30, 1897.— Trams run (mixed, 26,292 ; other, 180), 26,472 miles. Passengers
carried, 854 ; carried one mile, 67,444. Tons moved, 11,308 ; ton-miles, 927,407. Earnings (passenger, $5,457 ;
freight, $40,680 ; other, $12,918), $59,056. Operating expenses, $34,665. Net earnings, $24.391 ; other receipts,
$10,987— total, $35,378. Charges: Interest on bonds, $70,000; taxes, $5,855— total, $75,855. Deficit, $40,477; deficit
forward, $112,002— total, $152,479.

Financial Statement, June 30, 1897.— Capital stock (auth., $2,000,000; shares, $100) paid in, $1,000,000;
funded debt (1st mtge. 7 p. c. 30-yr. $1,000 coup, bonds, due Jan. 1, 1907, interest Jan. 1 and July 1), $1,000,000;
bills payable, $1,815; matured interest coupons unpaid to July 1, 1897, inclusive, $315,000 ; current accounts,
$2,766— total, $2,319,581. Contra: Cost of road, etc., $1,968,964; securities owned, $100,000; materials, etc.,
$5,605; otherproperty and assets, $31,500 ; bills receivable, $11,700: cash, $49,333; profit and loss, $152,479— total,
$2,319,581. Trustee of bonds : Bank of California, San Francisco, Cal., where interest is payable. The coupon
due July 1, 1892, were paid in May, 18%; all subsequent coupons are in default.

Directors (elected July 19, 1897). — M. L. Reqna, S. Prentiss Smith, San Francisco, Cal.; H. M. Yerington
D. L. Bliss, Carson City, Nev.; J. W. Eckley. Virginia City, Nev.; G. D. Abbott, Eureka, Nev. OFFICERS: M. L.
REO.ITA, Pres., San Francisco, Cal.; Nat. Bank of D. O. Mills & Co., Treas., Sacramento, Cal.; G.D.Abbott, Sec.
Eureka, Cal. GENERAL OFFICE, Eureka, Nev.

EVERETT AND MONTE CRISTO RY.— Everett June, to Snohomish, Wash., 11.5m.; Hartford
June, to Monte Cristo. Wash., 42.39 m.; trackage. S., L. S. <k E. RR., Snohomish to Hartford June., 8.2 m.— total
operated, 62.09 m.; sidings, 4.54 miles. Gauge, 4ft. 8J in. Rail (steel), 56 and 60 Ibs. Chartered March 17, 1£«
opened from Everett to Snohomish, April 1, 1S92 ; to Monte Cristo, Sept. 1, 1893. Portion of this company'
road extending from about 3 miles east of Granite Falls to Monte Cristo, 30 miles, having been recently wash<3<
out by the floods, will be abandoned; but the road from Granite Falls to Everett, about 30 miles, the compan
will continue to operate. Locomotives, 4. Cars —passenger, 3; baggage, etc. 2; freight (box, 15; flat, 50; coal
35), 100; caboose, 3— total, 108.

Operations, year ending June 30, 1897. — Gross earnings (passenger, $13,928; freight, $78,723; other, $9,988)
$102,633. Operating expenses, $87,259. Net earnings, $15,374.

Directors.— J. B. Crocker. Francis H. Brownell, W. C. Butler, Everett, Wash.; F. T. Gates, Gardrer Colby
New York, N. Y. OFFICERS: F. T. GATES, Pres., New York, N. Y.; J. B. Crocker, Vice-Pres.; Francis H
Brownell, Sec.; S. N. Baird, Treas., Everett, Wash.; E. V. Gary, Asst. Sec., New York, N. Y. GENERAL OFFICB
Everett, Wash.

GIL A VALLEY, GLOBE AND NORTHERN RY. -Projected: Bowie to Globe, A. T., 126m.
branch, San Carlos to Deer Creek Coal Mines, 18 m.— total, 144 miles. Completed Dec. 31, 1897; Bowie to Geron
imo, A. T., 68 miles. Gauge, 4 ft. 8j in. Rail (steel), 50 Ibs. Chartered in Jan., 1894; road opened 48 in. in 1894
and extended to Geronimo on the boundary line of the San Carlos Indian Reservation, in 1895. Constructioi
is in progress between Geronimo and Globe, A. T., and it i# expected that the road will be completed to Globe,
A., T., by the jatter part of Sept., 1898. When completed this road will be controlled by the Southern Pacific
Co. Locomotives. 4. Passenger cars, 4.

Financial Statement, May 30, 18
debt issued and outstanding, 1st mtge. 5 j

York, N. Y., ($2,000,000 auth.), $870.000 — tuuti, »s,v/<u,uuu. V/UBIUI ruuu, etc., 10 naif. JI.HAMVK. jjiauumieu cusi
of completed road, $2,000,000. Trustee of bonds : Metropolitan Trust Co., New York, N. Y. Financial Agent :
Chemical National Bank, New York, N. Y.

Directors.— William Garland, A. C. Laird, F. W. Burnett, Los Angeles, Cal.; E. A. Cutter, Bonita, A. T.;
B. Jones, Geronimo, A. T. OFFICERS : WILLIAM GARLAND, Pres., Los Angeles, Cal.; E. A. Cutter, Vice-Pres. A
Chf. Eng., Bonita, A. T.; A. C. Laird, Sec. & Treas., Los Angeles, Cal.; B. Jones, Supt., Geronimo, A. T.
GENERAL OFFICE, Los Angeles, Cal.

ILWACO RY. AND, NAVIGATION CO.— Ilwaco to Nahcotta, Wash., 16 m.; total track (steel ; 35
Ibs.), 17 miles. Gauge, 3 ft. Chartered Aug. 16, 1888 ; road opened May 29, 1889. Locomotives, 2. Cars— pas-
senger, 4 ; baggage, etc., 3 ; freight (box, 4 ; flat, 5), 9— total, 16. Also 2 propellers and 1 side-wheel steamboat.

Operations, year ending June 30, 1897.— Trains run (passenger, 4,480 ; freight, 2,100; mixed, 8,960), 15,540
miles. Passengers carried, 20,069 ; carried one mile, 100,345. Tons moved, 3,808 ; ton-miles, 45,696. Earnings
(passenger, $7,024 ; freight, $9.521, other, $1,864), $18,410. Operating expenses, $12,712. Net earnings, $5,6!« ;
other receipts, $9,101— total, $14,799. Payments : Interest on notes, $7,039 ; other interest, $6,500 ; taxes, $1,564
—total, $15,103. Deficit, $304 ; deficit forward, $19,096— total, $10,399.

Financial Statement, June 30, 1897.— Capital stock (auth., $125,000 ; shares, $50), $117,400 ; note pay-
able on demand (secured by mtge. on all the company's property), $65,000 ; current accounts, $62,985 ; interest on
funded debt, $1,029— total, $246,414. Contra ; Cost of road, etc., $174,475 ; materials, etc., $2,500 ; other prop-
erty and assets, $49,476 : cash and current assets, $9,564 ; profit and loss, $10,399— total, $246,414.

Directors (elected May 4, 1897). — L. A. Loomis, Ilwaco, Wash.; Jacob Kamm. H. S. Gile, Portland, Ore.;
R. H. Espey, Oysterville, Wash.; L. H. Rhoades, Bay Center, Wash. OFFICERS : L. A. LOOMIS, Pres. & Gen.
Mgr., Ilwaco, Wash.; H. S. Gile, Vice-Pres., Portland, Ore.; J. R. Goulter, Sec. & Treas., Ilwaco, Wash. GEH-
ERAL OFFICE, Ilwaco, Wash.

INDEPENDENCE AND MONMOUTH RY.— Independence to Monmouth, Ore., 2.5 miles.
Gauge, 4 ft. 8i in. Rail (sti-el), 40 Ibs. Chartered in March, 1890 ; road opened Aug. 24, 1890. Locomotive, L
Cars— passenger, 1 ; freight (flat), 1— total, 2.

Operations, year ending June 30, 1897.— Passengers carried, 28,379. Earnings (passenger), $1,708. Operat-
ing expenses, $1 ,078. Net earnings, $630.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock (shares, $50) authorized,- $100, MO.
Contra : Cost of road, etc., $22,703 ; real estate, $1,000 ; materials and fuel, $800— total, $24,503.

Directors (elected Dec. 31, 1896).— B. F. Smith, Lewisville, Ore.; A. Nelson, F. A. Patterson, D. W. Scan,
Independence, Ore.; F. S. Powell, Monmouth, Ore. OFFICERS : A. NELSON, Pres ; D. W. Sears, &<:., Independ-
ence, Ore.; B. F. Smith, Treas., Lewisville, Ore. GENERAL OFFICE, Independence, Ore.

LAKE TAHOE RR.— Summit, Nev., to Lake Tahoe, 10 miles. Rail (steel), 35 Ibs. Gauge, 8 ft. A
private road owned by the Carson and Tahoe Lumber and FInmingCo. and used exclusively for hauling wood and
timber. Road opened Aug. 1, 1875. Locomotives, 3. Cars (freight), 45. Cost, etc., $293.000. OFFICERS : D. L.
BLISS, Pres. & Gen. Mgr.; George F. Ford, Sec., Carson City, Nev. ; Agency Bank of California, Treas,, Virginia
City, Nev. GENERAL OFFICE, Carson City, Nev.

POOR'S MANUAL OF RAILROADS. 269

LOS ANGELES AND REDONDO RY.— Redondo to Los Angeles, Cal. ,17.7m. ; sidings, 6.61 mile*.
Gauge, 3 ft. Rail (steel), 24 and 48 Ibs. Chartered as the Redondo Ry. Co. on April I, 1889 ; road opened Jan. 1,
1890. Name changed to existing title on April 20, 18%. Locomotives, 6. Cars— passenger, 22 ; freight (box, 16 ;
flat, 33), 49 ; other, 6- total, 77.

Operations, year ending June 30, 1897.— Trains run (p-issenger, 41,470 ; freight, 14,217), 55,687 mile?.
Passengers carried, 63,993; carried one mile, 767,916. Tons ivu>ved, 14,818; ton-miles, 257,833. Earnings (pas-
senger, $13,542 ; freight, $16,685 ; other, $11,588), $41,814. Operating expenses, $43,129. Deficit from operations,
$1,315. Miscellaneous receipts, $2,193— net income, $878. Payments : Interest on debt, $81 ; taxes, $1,639—
total, $1,720. Deficit, $842 ; surplus forward, $3,766 ; net surplus. $8,924.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $558,700 ; bills and accounts, $62,583 ;
other liabilities, $2,536 ; profit and loss, $8,924— total, $632,743. Contra: Cost of road, etc., $363,545 ; real estate,
$52,578 ; securities owned, $2,100 ; materials, etc., $6,114 ; other property and assets, $163,984 ; bills and ac-
counts, $39,847 ; cash, $4,575— total, $632,743.

Directors. — L. T. Garnsey, W. P. Botsford, Los Angeles, Cal.; Percy T. Morgan, San Francisco, Cal.; J.
C. Ainsworth, Portland, Ore.; H. B. Ainsworth, Redondo Beach, Cal. OFFICERS : L. T. GARNSEY, Pres., Los
Angeles, Cal.; Percy T. Morgan, Vlce-Pres., San Francisco, Cal.; H. B. Ainsworth, Sec., Treas. & Aud., Redondo
Beach, Cal. GENERAL OFFICE, Redondo Beach, Cal.

LOS ANGELES TERMINAL RY.— East Pan Pedro to Altadena, Cal., 43.1 m.; Glendale June, to
Verdugo Park, Cal., 7.1 m.— total, 50.2m.; sidings, etc., 9.05 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Con-
solidation, Jan. 2, 1891, of the Los Angeles and Glendale, and the Los Angeles, Pasadena and Glendale RR. Cos.
'with the Los Angeles Terminal Ry. Co. (See MANUAL for 1893 ) Locomotives, 8. Cars— passenger, 19 ; baggage,
etc., 1 ; freight (box, 34 ; stock, 1 ; flat, 72 ; coal, 39 ; caboose, 2), 148 ; other, 2— total, 170.

Operations, year ending June 30, 1897.— Trains run (passenger, 90,377 ; freight, 13,342 ; mixed, 42,188 ;
other. 23,111), 169,018 miles. Passengers carried, 161,997 ; carried one mile, 2,822,834. Tons moved, 57,881 ; ton-
miles, 1,066,843. Earnings (passenger, $34,750; freight, $43,309 ; other, $1,784), $79,843. Operating expenses,
$96,134. Deficit from operations, $16,291. Payments: Interest, $493 ; taxes, $9,720— total, $10,213. Deficit,
$26,504; surplus forward, $30.205— net surplus, $3,701. Deductions during the year, account depreciation and
bad accounts, $4,653. Net deficit, June 30, 1897. $953.

Financial Statement, June 30, 1897. — Capital stock (shares, §100), $3,000,000 ; funded debt outstanding,
(see below), $1,500,000; bills and accounts, $34,214; due on construction, $86,289— total, $4,620.503. Contra:
Cost of road, etc., $4,580,401 ; materials, etc., $7,810 ; bills, $1,435 ; accounts, $26,564 ; cash, $3,340 ; profit and loss,
$953— total, $4,620,503. Funded debt consists of l*t mtge. 5 p. c. 40-yr. $1,000 coup, gold bonds, dated July 1, 1891,
interest Jan. and July, in St. Louis, Mo., and New York, N. Y. They are secured by mtge. on the lines from
San Pedro to Pasadena and from Glendale June, to Verdugo, a total of 43.7 miles. Also upon all equipment and
60 acres of terminal lands in Los Angeles and 40 acres of water front and terminals at East San Pedro. Trustee
of bonds : St. Louis Trust Co., St. Louis, Mo.

Directors (elected Feb., 1898).— George B. Leighton, St. Louis, Mo.; Charles Forman, W. C. Patterson, T.

E. Gibbon, S. B. Hynes, Los Angeles, Cal. OFFICERS : GEORGE B. LEIGHTON, Pres., St. Louis, Mo.; T. E.
Gibbon, \1ce-Pres.; F. K. Rule, Sec., Treas., & And.; S. B. Hynes, Gen. Mgr., Los Angeles, Cal. GENERAL
OFFICB, Los Angeles, Cal.

MARICOPA AND PH(ENIX AND SALT RIVER VALLEY RR.-Maricopa to Phoenix,
A. T., 34.5 m.; Tempe to Mesa City, A. T., 7.5 m.— total, 42 miles. Sidings, 2.79 miles. Gauge, 4 ft. 8| in. Rail
(steel), 40 and 56 Ibs. Consolidation, Dec. 23, 1895, of the Maricopa and Phoenix RR. and the Phoenix, Tempe and
Mesa Ry. Cos. (See MANUAL for 1895.) The road from Tempe to Mesa City was opened Dec. 10, 1895. Loco-
motives, 3. Cars— passenger, 2 ; combination, 2 ; freight (box, 9 ; flat, 8), 17— total, 21. Also 45 stock cars leased.

Operations, year ending June 30, 1897.— All information refused ; for latest statement (1894-95) see MANUAL
for 1896.

Financial Statement, Jan. 1, 1898.— Capital stock (shares, $100), $1,000,000. Funded debt consists of
$860,000 1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, due Dec. 23, 1925, interest May and Nov., at the office of the
trustee, Fanners' Loan and Trust Co., New York, N. Y.

Directors (elected Jan. 18, 1898).— N. K. Masten, Francis Cutting, Sidney M. Smith, F. I. Kendall, C. E.
Graham, San Francisco, Cal.; S. Oberfelder, H. E. Kemp, Phoenix, Ariz. OFFICERS: N. K. MASTEN, Pres. & Treas.;
Francis Cutting, Vlce-Pres.; F. I. Kendall, Sec., Treas. & Purch. Agt., San Francisco, Cal.; H. S. Creighton,
And., Phoenix, A. T. GENERAL OFFICE, Phoenix, A. T. Transfer Office, Crocker Building, San Francisco, Cal.

MILL VALLEY AND MT. TAMALPAIS SCENIC RY.-Mill Valley to Mt.Tamalpais, Cal.,
8.19 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Chartered Jan. 16, 1890; road opened Aug. 27, 1896. The ob-
ject of this road is to enable excursionists to reach the summit of Mt. Tamalpais. The road is operated with
geared locomotives. Locohiotives, 2. Cars — passenger, 7; freight, 2 — total, 9.

Operations, ten months ending June 30, 1897.— Passengers carried, 23,796. Earnings (passenger, $13,338;
freight, $38), $13.376. Operating expenses, $10,225. Net earnings, $3,151 ; other receipts, $1,028— total, $4,168.

Financial Statement, June 30, 1897.— Capital stock ($200,000 auth.; $100 shares) paid up, $116,100: bills
and accounts, $51,561; profit and loss, $4,168— total, $171,829. Contra: Cost of road, etc., $154,560; real estate,
$7,255; materials, etc., $2,715; hotel, etc., $6,005; cash, $1,294— total, $171,829. Voting power attaches to stock
after 10 days' ownership.

Directors (elected Jan., 1898).— Wm. C. B. DeFremery, Chas. E. Green, E. P. Gray, David McKay, Chas.

F. Runyon, San Francisco, Cal.; S. B. Gushing, H. F. Woods, San Rafael. Cal. OFFICERS: S. B. GUSHING,
Pres., San Rafael, Cal.; David McKay, Vlce-Pres.; Bank of California, Treas., San Francisco, Cal.; L. L. Janes,
Sec., Mill Valley, Cal. GENERAL OFFICE, Mill Valley, Cal.

NATCHES PASS RR.— Projected: Buckley, Wash., to Columbia River, 110 miles. Completed, Jan. 1,
1898: Buckley, Wash., east, 4 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Chartered July 16, 1896, and suc-
ceeded to the property, rights and franchises of the White and Columbia Rivers RR. Co., which was chartered in
May, 1893, but completed no railroad. The road as above was opened in Aug., 1896. The road is being built
chiefly for logging purposes, but it is also intended to reach the wneat fields of Eastern Washington and the Gold
Hill mining district near the summit of the Cascade Mountains. (See MANUAL for 1897.) Locomotive, 1. Cars
(freight), 3. Capital stock ($100 shares) autb. and paid up, $15,000. Cost of road, etc., to date, $14,750.

Directors.— Wm. Fettig, Jas. McNeely, Thos. McNeely, C. W. Joynt, Buckley, Wash. OFFICERS : WM.
FETTIG, Pres.; C. W. Joynt, Vlce-Pres. & Gen. Mgr.; Thos. McNeely, Treas.; Jas. McNeely, Sec., Buckley,
Wash. GENERAL OFFICE, Buckley, Wash.

NATIONAL CITY AND OTAY RY.— San Diego, to Tia Juana, Cal., 18.66 m.; Sweetwater June,
to La Presa, Cal., 7.80 m.— total, 26.46 m. ; sidings, 1.83 miles. Gauge, 4 ft. 8* in. Rail (steel), 40 Ibs. Consoli-
dation, Oct. 12, 1888, of the National City and Otay and the Otay Ry. Cos. Road built in 1887-88. Locomotives,
6. Gars— passenger, 8; baggnge, etc., 2; freight (flat, 25; box, 10), 35— total, 45.

Operations, year ending June 30, 1897.— Trains run (passenger, 32,606; mixed, 14,117), 40,723 miles. Pas-
sengers carried, 107,519. Earnings (passenger, $15,723; freight, $12,726; other, $1,073), $29,522. Operating ex-
penses, $26,127. Net earnings, $3,395.

Financial Statement, June 30, 1894 (latest rendered).— Stock subscriptions, $474,261; accounts, $4,174;

270 POOR'S MANUAL or RAILROADS — PACIFIC GROUP.

subsidy, $28,643— total, $507,078. Contra: Cost of road, etc.. $443,080; materials, etc., $4,667; accounts and
notes, $26,340; cash, $360; income account, $3Ji,631— total, $507,078. Capita! stock authorized ($100 shares), $1,300,-
000; issued and outstanding, $200,000. Funded debt consists of $451,000 1st mtge. 6 p. c. 45-yr. $1,000 gold coup,
bonds (with provision for registration of principal), due Dec. 1, 1933, interest June and Dec., in gold, at the office
of the trustee, the Boston Safe Deposit and Trust Co. The bonds are a first lien on all the property of the com-
pany, and are authorized at the rate of $15,000 p. m. of completed road. Sinking fund is provided through which
the bonds may be drawn, upon 30 days' notice, at 110 and accrued interest, in May of each year.

Directors (elected May 18, 1890.— B. P. Cheney, Charles W. Shat tuck, Walter L. Frost, Boston, Mass.:
John E. Boal, Russell C. Allen, W. C. Kimball, E. A. Hornback, National City, Cal. OFFICERS: B. P. CHENEY,
Pres., Boston, Mass.; John E. Boal, Vice-Pres., National City, Cal.; Charles D. Lanning, Treas. & Assf.. Sec.,
Boston, Mass. ; E. A. Hornback, Sec. A Asst. Treas., National City, Cal. GENERAL OFFICE, 95 Milk St., Boston,
Mass. Operating Office, National City, CaL

NEVADA-CALIFORNIA-OREG-ON RY.— Projected : Reno., Nev., northerly through California
to eastward of Goose Lake, thence into Oregon, 220 miles. Completed, June 30, 1897 : Reno, Nev., to Amedee,
Cal., 79m.; sidings, 4.4 m.— total, 83.4 miles. Gauge, 3 ft. Rail (steel, 52.5 m.), 30, 35 and 40 Ibs. For early
history see MANUAL for 1894. Formerly a private road owned by Moran Bros., New York, N. Y., but on Jan. 1,
1893, purchased by the present company, organized March 31, 1888. Locomotives, 4. Care— passenger, 2; bag-
gage, etc., 3; freight (box, 11 ; flat, 6 ; stock, 20), 37; other, 20— total, 62.

Operations, year ending June 30, 1897.— Trains run (mixed, 52,603; other, 12,119), 64,722 miles. Passen-
gers carried, 4,843; carried one mile, 270,452. Tons moved, 18,563; ton-miles, 1,140,966. E-irnings (passenger.
$12,150; freight, $43,261; other, $8.769), $64,180. Operating expenses, $45,876. Net earnings, $18,304. Pay-
ments: Taxes, $4,109; other payments, $1,423— total, $5,532. Surplus, $12,771; surplus forward, §47,148— total,
$59,919.

General Balance Sheet, June 30, 1897.— Special liability, $29,957 ; current accounts, $10,349; profit and
loss, $59,919; profit and loss, book account, $8,148— total, $108.373. Contra: Cost of road, etc., $78,597: real
estate, etc., $4,894; materials, etc., $17,200; accounts, $5,661; cash, $1,021— total, $108,373. Capital stock (shares,
$100), $2,200,000. No bonds.

Directors.— D. Comyn Moran, New York, N. Y. ; Erasmus Gest, Robert L. Fulton, A. H. Manning, Rene,
Nev.; Amadee D. Moran, New York, N. Y. OFFICERS: D. COMYN MORAN, Pres., New York, N. Y.: Erasmus
Gest, Vice-Pres. & Mgr., Reno, Nev.; Amadee D. Moran, Treas., New York, N. Y.; Frank R. Lewis, Sec., Reno,
Nev. GENERAL OFFICE, Reno, Nev.

NEVADA CENTRAL RR.— Battle Mountain, Nev., to Austin, Nev., 93.3 m.: sidings, etc., 2 miles.
Gauge, 3ft. Rail (iron), 85 IDS. Reorganization of Nevada Central Ry., chartered Ang. 27, 187'9. (See MANUAL
for 1893.) Locomotives, 3. Cars— combination, 3 ; freight (box. 14 ; stock, 6 ; flat, 32), 52 ; hand, 7— total, 62.

Operations, year ending June 30, 1897.— Trains run (mixed), 30,142 miles. Passengers carried, 907. Tons .
moved, 4,990. Earnings (passenger, $5,309; freight, $31,994; other, $2,573), $39,875. Operating expenses, $30,136.
Net earnings, $9,739. Payments: Interest on debt, $4,954; accrued interest on debt to June 30, 1894, $9,911;
taxes, $7,200; other payments, $3,901— total, $25,966. Deficit, $16,227; deficit forward, $64,866— total, $81,093.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $750,000; funded debt (5 p. c. non-
cumulative income gold bonds, due Jnly 2, 1938, interest Jan. and July, in New York, N. Y., out of net earnings
only), $750,000; bills payable, $2,524; notes payable, $89,197; due agents, $50— total, $1,591,772. ' Contra: Cost of
road, $1,500,000; materials, etc., $3,950; cash, $5,592; accounts, $1,138; profit and lose, $81,093— total, $1,591,772.
Trustee of bonds: Central Trust Co., New York, N. Y.

Directors (elected Oct. 12, 1897).-- John Sherman Hoyt, J. G. Phelps Stokes, J. W. McCulloch, New York,
N. Y.; P. T. Farnsworth, F. E. Jones.O. A. Mnrdock, G. A. Land, Austin, Nev. OFFICERS: J. G. PHELPS
STORKS, Pres.; John Sherman Hoyt, Vice-Pres., New York, N. Y.; O. A. Murdock, Treas.; G. A. Land, Sec.; J.
F. Mitchell, Gen. Mqr., Austin, Nev. GENERAL OFFICE, Austin, Nev.

NEVADA COUNTY NARROW GAUGE RR.-Colfax to Nevada City, Cal., 22.50 m.; sidings, 4
miles. Gauge, 3 ft. Rail (steel, 16 m.), 35 Ibs. Chartered April 4, 1874 ; road opened May 24, 1876. Locomotives,
3. Cars— passenger, 5 ; freight (box, 21 ; flat, 28), 49 ; other. 4— total, 58.

Operations, year ending June 30, 1897.— Trains run (passenger, 8.946 : freight, 400 ; mixed, 54,610 ;
other, 1,680), 65,63(5 miles. Passengers carried, 44.175 ; carried one mile, 508,639. Tons moved, 26,847 ; ton-
miles, 521,773. Earnings (passenger, $36,420 ; freight, $63,446; other, $4,975), $104.842. Operating expenses, .;'82.-
711. Net earnings, $22,051. Payments: Interest on bonds, $17,500; other interest, $852; taxes, $2,835-total,
$21,186. Surplus, $864; surplus forward, $30,522— total, $131,386.

Financial Statement, June 30, 1897.— Capital stock (auth , $400,000; shares, $100), $250.200; funded
debt (1st mtge. 7 p. c. $1,000 coup, bonds, dated Jan. 2, 1896, due various amounts from 1900 to 1924, incl., inter-
est Jan. and July) authorized and issued, $250,000 ; bills and accounts, $15,584 ; accrued interest on bonds, $8,-
750 ; profit and loss, $131,386— total, $655,920. Contra : Cost of property, $631,292 ; materials, etc., 813,456 ; cur-
rent accounts, $11,172— total, $655,920. Trustee of bonds : Wells, Fargo & Co.'s Bank, San Francisco, Cal., where
Interest is payable.

Directors (elected April 6, 1898).— John F. Kidder, George Fletcher, Edward H. Brown, Jno. H. Caughlm,
Peter Johnston, Grass Valley, Cal.; Frank G. Beatty, Berkeley, Cal.; C. P. Loughridge, Nevada City, Cal. OFFI-
CERS: JOHN F. KIDDER, Pres. A Gen. Mgr.; Peter Johnston, Vtce-Pres.; George Fletcher, Sec. & And.; Ed. H.
Brown, Treat. <& Gen. Supt., Grass Valley, Cal. GENERAL OFFICE, Grass Valley, Cal.

OGDEN AND HOT SPRINGS RY.— Ogden to Hot Springs, Utah, 7.5 m.; total track (steel; 30
Ibs.), 8 miles. Gauge, 4 ft. 8i in. Chartered Jan. 28, 1890 ; road built same year. Reported sold at sheriff's sale
on July 10, 1895, ana purchased for $24,957, by W. A. Paxton, Omaha, Neb. Locomotives, 2. Cars— passenger, 3.

Operations, year ending June 30, 1896 (latest reported}.— Earnings (passenger), $2,420. Operating ex-
penses, $2,235. Net earnings, $185. No information obtainable as to financial condition, etc.

Directors. — Not reported. OFFICERS : W. A. PAXTON, Pres., Omaha, Neb.; Guy R. Doane, Gen. Mgr.t
Hot Springs, Utah. GENERAL OFFICE, Hot Springs, Utah.

FAJARO VALLEY RR.— Watsonville to Salinas, Cal., 23.7 m.; total track (steel ; 45 Ibs.), 25.7miles.
Gauge, 3 ft. Organized Dec. 31, 1889 ; road opened in 1895. This company has a contract with the Pacific Court
SS. Co., whereby that company receives 75 p. c. and the Pajaro Valley RR. Co. 25 p. c. of the freight receipts for
transportation of sugar from Watsonville to San Francisco, Cal. Locomotives, 3. Cars— passenger, 1 ; freight
(box, 16 ; flat, 15 ; other, 126), 157— total, 158.

Operations, year ending June 30, 1897.— Earnings (passenger, $938; freight, $61,339 : other, $205), $02,-
481. Operating expenses, $34,430. Net earnings, $27,847 ; other receipts, $205— total, $28,052. Payments: Taxes,
$2,338 ; dividends (5 p. c.), $15,000— total, $17,338. Surplus, $10,713.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $300,000 ; profit and loss, $71,30<-«
total, $371,307. Contra: Cost of road, etc., $335,523 : cash and current assets, $35,784— total, $3C1.307.

Directors (elected Jan., 1898).— Glaus Spreckels, John D. Spreckels, Jno. L. Koster, Samuel Sussman,San
Francisco, Cal.; W. C. Waters, Watsonville, Cal. OFFICERS: GLAUS SPRECKELS, Pres.: John D. Spreckels,
Vice-Pres. ; E. H. Sheldon, Sec., San Francisco, Cal.; W. C. Waters, Gen. Supt., Watsonville, Cal. GENERAL
OFFICE, 827 Market St., San Francibco, Cal.

POOR'S MANUAL OF RAILROADS. 271

ROGUE RIVER VALLEY RY.— Medford to Jacksonville, Ore., 6 m.; total track (steel, 6m.; 26
Ibs.), 6.25 miles. Gauge, 4 ft. 8} in. Chartered Feb. 4, 1891 ; road opened Feb. 12, 1891. Locomotives, 2. Cars
—passenger, 1 ; freight (box, 1 ; flat, 1), 2 ; other, 2— total, 5.

Operations, year ending June 30, 1897.— All information refused ; for latest statement (1895-96), see
MANUAL for 1897.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock ($100 shares), $100,000. Contra:
Cost of property, $113,789 ; materials, etc., S607. No bonds.

Directors.— Wm. Honeyman, E. J. De Hart, W. A. Buchanan, T. D. Honeyman, J. D. Honeyman, Port-
land, Ore. OFFICERS : W. HONEYMAN, Pres.; E. J. De Hart, Vice-Pres. & Gen. Mgr.; W. A. Buchanan, See. &
Treas., Portland, Ore. GENERAL. OFFICE, Portland, Ore. Operating Office, Jacksonville, Ore.

SALT LAKE AND LOS ANGELES RY.— Salt Lake to Saltair Beach, Utah, 15 m.; sidings, 2
miles. Gauge, 4 ft. 8} in. Rail (steel), 60 !be. Chartered Sept. 25, 1891 ; road opened in Feb., 1892. Agreements
have been recently entered into between this company and the Oregon Short Line RR. Co. providing that the
Utah and Nevada branch of that company's line, extending from Salt Lake City to Terminus, 37.32 m., and the prop-
erty at Garfleld Beach, be taken possession of by this company. In return the S. L. & L. A. Ry. Co. gives $300.-
000 1st mtge. bond_s, agrees to broaden the gauge to the standard, and to extend the road from Terminus south to
Ophir, about 10 miles. Locomotives, 2. Cars— passenger, 16 ; freight (flat), 2— total, 18.

Operations, year ending June 30, 1897.— Trains run (passenger, 18,800 ; freight, 8,000 ; other, 10,600), 32,400
miles. Passengers carried, 86,755 ; carried one mile, 2,602,650. Tons moved, 6,470 ; ton-miles, 194,100. Earnings
(passenger, $31,863 ; freight, $3,101), $34,964. Operating expenses, $29,331. Net earnings, $5,633. Payments :
Interest on bonds, $18,000 ; taxes, $2,179— total, $20,179. Deficit, $14,546 ; deficit forward, $1,600— total, $16,147.

Financial Statement, June 30, 1897.— Capital stock ($100 shares), $300,000 ; funded debt (let mtge. 6 p. c.
20-yr. $100 coup, bonds, dated Jan. 1, 1893, interest Jan. 1 and July l,at Salt Lake City, Utah), $300,000 ; Mils and
accounts, $1,550 ; interest, $37,225 ; cash due bank, $1,004 ; profit and loss, $16,147— total, $655,926. Contra': Cost
of road, etc., $415,213 ; materials, etc., $2,000 ; due on account of stock, $150,000 ; bills and accounts, $50,325 ;
interest on bills receivable, $9,069— total, $626,607. Trustee of bonds : State Trust Co., New York, N. Y.

Directors (elected Jan. 11, 1897).— Geo. Q. Cannon, Jos. F. Smith, Wilford Woodruff, James Jack, N. W.
Clayton, gait Lake City, Utah. OFFICERS : GEO. Q. CANNON, Pres. ; Jos. F. Smith, Vice-Pres. ; Isaac A. Clayton,
Sec. & Treas.; N. W, Clayton, Gen. Mgr., Salt Lake City, Utah. GENERAL. OFFICE, Salt Lake City, Utah.

SALT LAKE AND MERCT7R RR.— Fairfield to Mercur, Utah, 12 m.; switches and spurs, 2.33
miles. Gauge, 4 ft. 8± in. Rail (steel), 40 Ibs. Chartered Aug. 17, 1894; road opened Jan. 20, 1895. Locomotives,
3. Care— passenger, 2 ; freight, 9— tetal, 11. Capital stock (shares, $5), $300,000.

Operations, year ending June 30, 1897. — All information refused.

Directors.— E. H. Airis, J. G. Jacobs, John Dern, H. W. Brown, H. G. McMillan, Salt Lake City, Utah.
OFFICERS : E. H. AIRIS, Pres. <fe Treas.; John Dern, Vice-Pres.; J. G. Jacobs, Gen. Mgr.; J. J. Stewart, Sec.,
Salt Lake City, Utah. GENERAL. OFFICE : Salt Lake City, Utah.

SALT LAKE AND OGDEN RY.— Salt Lake City to Farmington and Lagoon, Utah, 16 m.; branch,
Stockdale to Simpkins, Utah, 2 m.— total, 18 miles. Sidings, 2.5 miles. Gauge, 4 ft. 8j in. Rail (steel), 30 and
40 Ibs. Incorp. March 17, 1896, and on Oct. 29, 1896, assumed possession of the property of the Great Salt Lake
and Hot Springs Ry. Co. sold under foreclosuree on Oct. 26 preceding. The purchase price was $70,000 subject to
other mtges. and prior liens, which made the valne about $150,000 additional. It is intended to extend the road to
Ogden, Utah, in the near future. Locomotives, 7. Cars— passenger, 81; baggage, etc., 2; freight (coal), 40 —
total, 73.

Financial Statement, June 30, 1897.— Capital stock (auth., $800,000 ; shares, $100), paid in, $4,000.

Directors (elected Oct. 19, 1897).— C. K. Bannister, Ogden, Utah; Simon Bamberger, Ed. W. Duncan, E. B.
Critchlow, Salt Lake City. Utah; David Stoker, Bountiful, Utah. OFFICERS : S. BAMBERGEK, Pres. <fe Gen. Mgr.,
Salt Lake City, Utah; C. K. Bannister, Vice-Pres., Ogden, Utah; Ed. W. Duncan, Treas.; Jos. Oberndorfer, Sec.;
J. S. Critchlow, And., Salt Lake City, Utah. GENERAL. OFFICE, Salt Lake City, Utah.

SAN DIEO-O AND PHCENIX RR. (CAL.).- Projected : San Diego, Cal., to Arizona State Line,
175 miles. Completed, Jan. 1, 1898: San Diego, Cal., to South Otay, Cal., 13 miles. Gauge, 4 ft. 8i in. Steel rail;
weight not reported. Chartered April 13, 1893 ; road completed as above in 1895. Grading completed for 2 m.
additional from South Otay to Daneri, Cal. An extension is projected from Ynma to Phoenix, Ariz., 165 m.;
total projected, 340 miles.

Financial Statement.— Capital stock (subscribed, $400,000 ; in treasury, $3,600,000), $4,000,000. AU
further information refused.

Directors.— Wm. H. Carlson, H. L. Titus, Chas. O. Bell, A. Roberts, F. H. Dixon, San Diego, Cal. OFFICERS:
WM. H. CARLSON, Pres.; H. L. Titus, Vice-Pres.; F. H. Dixon, Sec., San Diego, Cal. GENERAL OFFICE, San
Diego, Cal.

SAN DIEGO, CTJYAMACA AND EASTERN RY.— San Diego, to Foster, Cal., 25.37 m.; sid-
ings, 2.08 miles. Gauge, 4 ft. 8} in. Rail— iron, 30 Ibs. ; steel (26.62 m.), 52 and 56 Ibs. Chartered March 6, 1888 ;
road opened to Lakeside, April 1, 1889; to Foster, Feb. 13, 1890. Extension projected to Ramona, Cal. Locomo-
tives. 2. Cars— passenger, 5 ; freight (box, 8 ; flat, 23 ; coal, 3), 34 — total, 39. The company owns 1 locomotive
and 4 passenger cars; other equipment held under car trust.

Operations, year ending June 30, 1897.— Trains run (passenger, 6,255; freight, 1,576; mixed, 31,926; other,
407), 40, 164 miles. Passengers carried, 38,032; carried one mile, 626,151. Tons moved, 28,051 ; ton-miles, 526,379.
Earnings (passenger, $13,584 ; freight, $26,273 ; other, $1,350), $41,207. Operating expenses, $30,588. Net earn-
ings, $10,618. Charges : Interest on bonds, $33,000; other interest, $77; taxes, $2,545; other payments, $9— total,
$35,631. Deficit, $25,013; deficit forward, $262,822— total, $287,835.

Financial Statement, June 30, 1897.— Capital stock (shares, f 100 ; anth., $7,000,000) issued, $769,000 ;
funded debt (1st mtge. 6 p. c. 30-yr. $500 and $1,000 coupon bonds, due July 1, 1918, interest Jan. and July at San
Diego, Cal.), $550,000; bills payable (including car trust obligations), 84,690 ; enrrent accounts, $2,839 ; coupons
unpaid, $297,000— total, $1,623,529. Contra: Cost of road, etc., $1,328,403; materials, etc., $138; securities owned,
$200; bills and accounts, etc., $1,758 ; cash, $5,194; profit and loss. S2;S7,835— total, $1,623,529. The bonds are
secured by mtge. on 22 m. of road, San Diego, to Lakeside, Cal. Trustee of bonds : Mercantile Trust Co., New
York, N.Y.

Directors (elected Feb., 1898).— Waldo S. Waterman, Levi Chase. A. J. O'Conor, E. C. Hickman, Heber
Ingle, San Diego, Cal. ; J. E. Fishburn, George J. Leovy, Los Angeles, Cal. OFFICERS: HEBER INGLE, Pres.;
Levi Chase, Vice-Pres.; Waldo S. Waterman, Gen. Mar., Sec. <t Treas.; A. H. Kayser, Aud., San Diego, Cal.
GENERAL OFFICE, San Diego, Cal.

SAN DIEGO, PACIFIC BEACH AND LA JOLLA RY.— San Diego to La Jolla, Cal., 13:54
m. ; total track (steel, 30 to 40 Ibs.), 14.2 miles. Gauge, 4 ft. 8J in. Incorp. April, 1894. Includes the tracks of the
San Diego, Old Town and Pacific Beach Ry., of which this road is an extension. Although the companies were
never consolidated, the two roads ara operated as one line, the stock in both belonging to the same persons, ex-
cept that held by directors. Locomotives (motor engines), 2. Cars — passenger, 6 ; combination, 2; freight (box,
1; flat, 6), 7— total, 15.

272 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.

Operations, year ending June 30, 1897.— Trains ran (mixed), 32,890 miles. Passengers carried, 47,982; car-
ried one mile, 449,136. Tons moved, 1,486; ton-miles, 14,458. Earnings (passenger, $7,649; freight, $2,154; other,
$458), $10,262. Operating expenses, $15,216. Deficit from operations, $4,954. Miscellaneous receipts, $221— net
income, $4,733. Payments : Taxes, $663; other payments, $93— total, |756. Deficit, $5,489.

Financial Statement, June 30, 1897.— Capital stock (shares, $100 ; auth., $275,000), $182,288; bills pay-
able, $14,610 ; current accounts, $3,439— total, $200,337. Contra : Cost of road, etc., $189,703 ; cash and current
assets, $10,234; materials, etc., §400— total, $200,337.

Directors (elected Aug. 3, 1897).— Herbert Dabney, R. P. Dabney, G. B. Grow, Simon Levi, E. J. Louis,
San Diego, Cal. OFFICERS : R. P. DABNEY, Pres.; G. B. Grow, Vice-Pres. ; Herbert Dabney, See. & Gen. Mgr.,
San Diego, Cal. GENERAL OFFICE, San Diego, Cal.

SAN FRANCISCO AND SAN JOAQUIN RY. (THE). -Projected : Stockton to Bakersfield
and Stockton to San Francisco, Cal., 375 miles. Completed, June 30, 1897 : Stockton to Fresno, Cal., 123.44 m.;
Fresno to end of track (Hanford route), 46.37 m.; Calma June, to end of track (Visalia route), 18.79 m.— total,
188.60 miles. Sidings, 21.52 miles. Gauge, 4 ft. 81 in. Rail (steel), 62Hbs. Chartered Feb. 26, 1895. Construc-
tion begun in 1895, and at the close of that year 26.1 m. from Stockton to the Stanislaus River were completed ;
extended to Fresno during 1896, and to Hanford on June 2, 1897. Since the close of the fiscal year the entire line
to Bakersfield was opened for traffic. Locomotives, 10. Cars— passenger, 9 ; combination, 3 ; freight (box, 100 ;
stock, 100 ; flat, 250), 450 ; caboose, 8 ; other, 86— total, 556.

Operations, year ending June 30, 1897 (average, 123.44 m.).— Trains run (passenger, 53,973 ; freight, 58,687 :
mixed, 5,252 ; other, 38,283), 146,195 miles. Passengers carried, 16,768 ; carried one mile, 1,196,856. Tons moved,
111,120 ; ton-miles, 9,629,281. Earnings (passenger, $30,379 ; freight, $178,494 ; other, $261), $209,133. Operating
expenses, $153,102. Net earnings, $56,031.

Financial Statement, June 30, 1897.— Capital stock (anth., $6,000.000 ; share, $100), $2,439,800 ; bills
payable, $1,000,000 ; current accounts, $108,024 ; miscellaneous, $11,109 : profit and loss, $56,031— total, $3 614,964.
Contra: Cost of road, etc., $3,223,800 ; materials, etc.. $30,851 ; cash on hand and due from agents and banks,
$360,314— total, $3,614,964. Since the close of the fiscal year, an issue has been made or $6,000,000 1st mtge 5 p. c.
44-yr. $1,000 gold coup, bonds, due Oct. 1, 1940. interest April and Oct. in New York, N. Y., and San Francisco,
Cal. A sinking fund is provided of 1 p. c. of net profits per annum from Jan. 1, 1916, to 1921 ; 2 p. c. to 1926 ; 3
p. c. to 1931 ; 4 p. c. to 1936, and 5 p. c. to 1940. Bonds may be drawn at 110. Trustee : Mercantile Trust Co.,
New York, N. T,

Directors.— Clans Spreckels, Robert Watt, A. H. Payson, Chas. Holbrook, J. D. Spreckels, J. B. Stetson,
Leon Sloss, Thos. Magee, Isaac Upham, Alvinza Hayward, J. A. Hooper, San Francisco, Cal. OFFICERS > CLATJS
SPRECKELS, Pres.; Robt. Watt, 1st Vice-Pres.; A. H. Payson, 2d Vice-Pres.; Alexander Mackie, Sec. &Aud.;
Bank of California, Treat.; W. B. Storey, Jr., Actg. Supt., San Francisco, Cal. GENERAL OFFICE, San Fran-
cisco, Cal.

SAN FRANCISCO BELT RR.-At San Francisco, Cal., 3.86 miles. Built in 1892. Operated by the
Board of State Harbor Commissioners. No further information obtainable.

SAN PETE VALLEY BY.— Nephi to Morrison, Utah, 51 m.; sidings, 1.25 miles. Gauge, 4 ft. 8* in.
Rail (steel, 25.25 m.), 35 Ibs. Chartered in 1873 ; road completed as above in the fall of 1894. Company reorganized
in 1893. (See MANUAL for 1894.) The gauge was widened to the standard in July, 1896. Locomotives, 4. Cars —
passenger, 1 ; baggage, etc., 1 : freight (box, 20 ; stock, 6 ; flat, 20 ; coal, 10), 56— total, 58.

Operations, year ending June 30, 1897.— Earnings (passenger, $7,992 ; freight, $13,133), $21,125. Operating
expenses, $21,161. Deficit from operations, $36.

Financial Statement, Jan. 1, 1897. — Capital stock (shares, $100), authorized and paid in, $510,000.
Funded debt— 1st mtge. 4 p. c. $1,000 gold coup, and registered bonds, dated Jan. 1, 1894. due 1923, interest Jan.
and July, authorized and outstanding, $510,000 ; 2d mtge. 4 p. c. $1,000 coup, and reg. bonds, dated June 1, 1895,
due 1921, interest Jan. and July, $250,000— total, $760,000. Total stock and bonds, "§1,270,000. The proceeds of
the 2d mtge. bonds were used in changing the gauge to the standard width. Trustee : Farmers1 Loan and Trust
Co., New York, N. Y.

Directors.— Theodore Bruback, T. C. Bailey, Jacob B. Blair, George Cnllins, Salt Lake City, Utah ; H. S.
Kerr. Manti, Utah; Charles Morrison, London, Eng. OFFICERS : THEODORE BRUBACK, Pres. & Gen. ifgr.;
JacobB. Blair, Vice-Pres. ; S. T. Pearson, Sec., Treat. & Aud., Salt Lake City, Utah ; H. S. Kerr, Gen. Supt.,
Manti, Utah. GENERAL OFFICE, Salt Lake City, Utah.

SANTA ANA AND NEWPORT RY.— Santa Ana to Newport, Cal., 12.10 m.; total track (steel ;
56 Ibs.), 13. 65 miles. Gauge, 4 ft. 8$ in. Organized Nov. 7, 1892 ; road opened in 1894. This company has agree-
ments with the Pacific Coast SS. Co. and the Southern California Ry. for interchange of business. Locomotives,
3. Cars— passenger, 5 ; freight (box, 2 ; flat, 10), 12 ; other, 6— total, 23.

Operations, year ending June 30, 1897.— Passengers carried, 11.330 ; carried one mile, 136,775. Tons moved,
56,503 ; ton-miles, 673,547. Earnings (passenger, «2.539 ; freight, $29,815 ; other, $15,622), $47,976. Operating ex-
penses, $27,582. Net earnings, $20,394. Payments : Interest on bonds, $15,000 ; taxes, $683— total, $15,683. Sur-
plus, $4,711 ; surplus forward ($35,245, less dividend declared July 18, 1896, $35,000), $245— total, $4,956.

Financial Statement, June 30, 1897.— Capital stock (shares, $100 ; anth., $500,000), $20,000 ; funded debt
(1st mtge. 6 p. c. 20-yr. $100 coup, bonds due Jan. 1, 1913 ; interest Jan. and July at Santa Ana, Cal.), $250,000 ;
current liabilities, $33,530 ; profit and loss, $4,956— total, $308,486. Contra: Cost of road, etc., $285,115 ; cash
and current assets, $22,918 ; materials and supplies, $453— total, $308,486. Trustee of bonds : State Loan and
Trust Co., Los Angeles, Cal.

Directors (elected Jan. 15, 1898).— James McFadden, Robert McFadden, W. H. Spurgeon, M. M. Crook-
shank, E. M. Smiley, Santa Ana, Cal. OFFICERS : JAMES MCFADDEN, Pres. & Gen. Mgr.; Robert McFadden,
Vice-Pres.; Frank Chilton, Treas.; E. M. Smiley, Set. & Aud., Santa Ana, Cal. GENERAL OFFICE, Santa
Ana, Cal.

SANTA F*3, PRESCOTT AND PHCENIX RY.-Ash Fork to Phrenix, Ariz., 197.6 m.; sidings
and spurs, 18.81 miles. Gauge, 4 ft. 8| in. Rail (steel), 57 and 61 Ibs. Chartered May 27, 1891 ; road opened from
Ash Fork to Prescott. 60 m., on April 25, 1893; extension from Prescott to Phrenix, 137.6 m. on March 13, 1895.
This company, by virtue of a special act of the 16th Legislative Assembly of the Territory of Arizona, the pro-
visions of which have been complied with, is exempt from taxation for the term of twenty years, and in addition
has a 30-yr. contract with the Atchison, Topeka and Santa Fe system, which provides for the payment of an arbi-
trary 5 p. c. of the gross earnings of the entire system of railroads, upon all business interchanged with them, to
the trustees of the 1st mtge. bonds, to be applied to payment of interest. Locomotives, 10. Cars— passenger, d;
baggage, etc., 6; freight (box, 25; flat. 33; coal, 16; caboose, 6), 80; other, 12— total cars, 104. All the foregoing
equipment (except 10 locomotives, and 10 other cars) is held under car trusts.

Operations, year ending June 30, 1897.— Trains run (passenger, 151,878; freight, 186,947; other, 48.880),
387,705 miles. Passengers carried, 29,546; carried one mile, 2,812.905. Tons moved. 135,464; ton-miles, 11, 182,050.
Earnings (passenger, $113,975; freight. $456,260; other, $36,006), $606,241. Operating expenses, £313.063. Not
earnings, $293,177; other receipts, §49,947— total, $343,124. Payments: Interest on bonds, $338.111 ; other pay-
ments, $210— total, $338,321. Surplus, $4,803; surplus forward, $8,397— total, $13,200.

Financial Statement, June 30, 1897.— Capital stock (shares, $100; auth., $40,000 p. m.), $7,904,003;

POOR'S MANUAL OF RAILROADS. 273

funded debt (see below), $7,904,000; bills payable, $329,728.10; accounts, $120,532; interest on 1st mtge. bonds,
due Sept. 1, 1897, £82.333; coupons not presented for payment, $32,523; matured coupons, 2d mtse. bonds (pay-
ment deferred under agreement), $51,870; profit and loss, $13.200— total, $16,438,185. Contra : Cost of road, etc.,
S15.817,0&2; material?, etc., $36,006; bills receivable, $500,706; accounts, $59,965; insurance paid not accrued,
$4,311; cash, $20,106— total, $16,438,185. Funded debt consisted, June 30, 1897, of $4,940,000 1st mtge. 5 p. c. 50-yr.
$1,000 gold coup, bonds, due Sept. 1, 1942, interest March 1 and Sept. 1, at the office of the trustee, Mercantile
Trust Co., New York, N. Y. (auth., $25,000 p. m.); and $2,!)64,000 2d mtge. 50-yr. $1,000 gold coup, bonds, due
July 1, 1943, interest (2 to 4 p. c. for the first four years and 5 p. c. thereafter) payable Jan. 1 and July 1, at the
office of the trustee, Central Trust Co., New York, N. Y. (auth., $15,000 p. m.). After payment of the interest
(amounting to $247,000 per annum) on the 1st mtge. bonds, the surplus earnings may be used for improvements,
betterments, etc., as per agreement with the 2d mtge. bondholders, under the terms of which almost all of these
bonds are deposited with the trustee, which issued against them its certificates of beneficial interest.

Directors (elected Nov. 17, 189p.—F. M. Murphy, W. C. Bashford, Prescott, Ariz.; D. M. Ferry, C. C.
Bowen, Simon J. Murphy, Detroit, Mich.; N. K. Fairbank. Jay Morton, G. W. Kretzinger, Chicago, 111.; Robt.
McCurdy, Youngstown, O. OFFICERS: F. M. MURPHY, Pres. & Gen. Mgr., Prescott, Ariz.; D. M. Ferry, Vice-
Pres.; C. C. Bowen, Sec. & Treat., Detroit, Mich.; F. J. Sarmiento, Asst. Sec., Asst. Treas. <& Ated., Chicago, 111.
GENERAL OFFICE, Prescott, Ariz:; Chicago Office, 1032 Monadnock Block.

SEATTLE WAREHOUSE AND TERMINAL CO.— Seattle to West Seattle, Wash., 3.92 miles.
Gauge, 4 ft. 8J in. Kail (steel), 60 Ibs. Organized for the purpose of transporting grain across Elliott Bay to the
company's warehouse at West Seattle, Wash. Locomotive,!. Car— passenger, 1. Cost of road, $123,160. No
further information. OFFICERS: THOS. R. SHEPARD, Pres.; G. B. Nicoll, Sec.. Treas. <fe Gen. Mgr., Seattle,
Wash. GENERAL OFFICE, Seattle, Wash.

SHELTON SOUTHWESTERN RR.— Projected : Shelton, Wash., to Gray's Harbor, 45 miles.
Completed; Shelton, Wash., to end of track, 12 miles. Gauge, 4 ft. 8| in. Rail (steel), 40 Ibs. Successor, Sept.
1, 1892, to the Mason Co. Central RR. Co. (See MANUAL for 1892.) It is intended to connect with the Puget
Sound and Gray's Harbor and the Port Townsend RRs. Receiver appointed April 4, 1894. Locomotives, 2.
Cars (logging), 30.

Operations.— All information refused.

Financial Statement. — Capital stock (shares, $100), authorized and paid in, $200,000; funded debt (1st
mtge. 8 p. c. 5-yr. $500 and $1,000 gold coup, bonds, dated Sept. 15, 1892, interest March and Sept.), $125,000.

Directors.— Allen C. Mason, John Snyder, Edmund Rice, Edwin E. Crowell, Henry S.Tremper. OFFI-
CERS : E. C. CROWELL, Bee.; JOHN SNYDER, Pres.; A. J. Hayward, Vlce-Pres.; F. M. Harshberger, Treas.,
Tacoma, Wash.; Edwin E. Crowell, Sec. & Aud., Shelton, Wash. GENERAL OFFICE, Shelton, Wash.

SIERRA VALLEYS RY.— Plumas to Clairrille, Cal., 30.7 miles. Sidings, etc.. 1.3 miles. Gauge, 3
ft. Rail (steel), 35 Ibs. Chartered Jan. 5, 1895. Road opened June 1, 1895. Locomotives, 2. Cars— passenger,
1; freight (box, 5; flat, 21), 26; work, 4— total, 31.

Operations, year ending June 30, 1897.— All information refused; for latest statement (1895-96) see MANUAL
for 1897.

Financial Statement, June 30, 1896 (latest rendered).— Capital stock (shares, $100), $945,000; funded
debt (no details), $265,000 ; accounts, $59,442— total, $1,269,442. Contra: Cost of road, etc., $1,251,206 ; profit
and loss, $2,076 -total, $1,269,442.

Directors.— Henry A. Bowen, Charles R. Bowen, Wm. S. Kittle, Fletcher F. Ryer, Herbert B. Blanding,
San Francisco, Cal. OFFICER : HENRY A. BOWEN, Pres. & Gfen. Mgr.; Charles R. Bowen, Vice-Pres. & Treas.;
Wm. S. Kittle, Sec., San Francisco, Cal. GENERAL OFFICE, San Francisco, Cal.

SIERRA RY. OF CALIFORNIA.— Proofed : Oakdale, Stanislaus County, to Angels, Calaveras
County, Cal., with branches to Knight's Ferry and La Grange, in Stanislaus County, and to Conlterville in Mari-
posa County, a total length of 124 miles. Completed, Jan. 1, 1898, Oakdale to Jamestown, Cal., 41 miles. Gauge,
4 ft. 8i in. Rail (steel), — Ibs. Chartered in Feb., 1897 ; road opened as above, Oct. 10, 1897. Locomotives, 3.
Cars— passenger, 2; freight, 10.

Financial Statement.— Capital stock, auth.. $5.000,000; funded debt, $15,000 per mile of 1st mtge. 6 p. c.
gold bonds, and $15,000 per mile of 2d mtge. income bonds.

Directors.— A. Poniatowski, Henry J. Crocker, S. D. Freshman, S. Sussman, Maurice Casey, F. W.
Pierce, Hall McAllister. OFFICERS : A. PONIATOWSKI, Pres., San Francisco, Cal.; Henry J. Crocker, Vice-Pres.;
S. D. Freshman, Treas.; John Bonner, Sec., Jamestown, Cal. GENERAL OFFICE, Jamestown, Cal.

SPOKANE FALLS AND NORTHERN RY.— Spokane, Wash., to International Boundary Line,
140.6 miles. Sidings, 9 miles. Gauge, 4 ft. 8$ in. Rail (steel), 56 Ibs. Chartered April 4, 1888; opened through-
out, June 26, 1893. At Fort Sheppard this line connects with the Nelson and Fort Sheppard Ry. (see MANUAL
for 1896). The Columbia and Red Mountain Ry., extending from Northport to Rossland, in the Trail Creek mines,
a distance of 17 miles, was built during 1896 in the interest of this company. Locomotives, 11. Cars— passenger,
baggage, etc., 14; freight (box, 67; flat, 140; stock, 4), 211; caboose, 4— total, 229.

Operations, year ending June 30, 1897.— Trains run (passenger, 88,266 ; freight, 97,384; other, 10,760), 196,-
410 miles. Passengers carried, 65,367 ; carried one mile, 5,196,042. Tons moved, 150,671 ; ton-miles, 13,295,076.
Earnings (passenger, $251,894 ; freight, $296,988 ; other, $23,124), $572,006. Operating expenses, $272,619. Net
earnings, $299,387. Gross earnings, year ending Dec. 31, 1897, $596,910. Operating expenses, $269,869. Net
earnings, $327,041.

Financial Statement, March 1, 1898.— Capital stock (auth., $20,000 p. m.; shares, $100), $2,812,000;
funded debt (1st mtge. 6 p. c. $1,000 gold coup, bonds, with privilege of registration, dated 1889, due July 1, 1939,
interest Jan. and July), anth. and outstanding, $2,812,000; other indebtedness, $260,000 ; debentures bearing 6 p.
c. interest, of the par value of $100 each, issued on account of scrip heretofore issued to the bondholders, $281,200
—total, $6,165,200. Cost of road, etc., $5,750,000; supplies on hand, $75,000: terminal grounds in the city of Spo-
kane, §300,000; cash and bills receivable, $40,200— total, $6,165,200. Mortgage covers entire property. Trustee :
Manhattan Trust Co., New York, N. Y. The debentures are dated July 1,1897, and fall dne in five equal annual
instalments, beginning on Jan. 1, 1899. The scrip into which the overdue coupons were funded, as shown in the
MANUAL for 1897, has all been surrendered and cancelled, and the company has no liabilities except as shown
above. Interest on the bonds and debentures is payable at the Chase National Bank, New York, N. Y.

Directors.— William Duryea, J. K. O. Sherwood, Chester W. Chapin, New York, N. Y.; D. C. Corbin, A.
A. Newberry, Austin Corbin (2d), Albert Allen, George H. Martin, Frank George, Spokane, Wash. OFFICERS :
D. C. CORBIN, Pres., Spokane, Wash.; J. K. O. Sherwood, Sec. & Treas., New York, N. Y.; George H. Martin,
Aud.; Austin Corbin, 2d, Gen. Mgr., Spokane, Wash. GENERAL OFFICE, Spokane, Wash.

Locc
total, 185.

Operations, year ending June 30, 1897.— Earnings (passenger, $11,016; freight, $36,116; other, $3,021),.
$50,153. Operating expenses, $46,672. Net earnings, $3,481. Paid interest on. bonds, $9,000. Deficit, $5,519.

18

274 POOR'S MANUAL OF RAILROADS— PACIFIC GROUP.

Cost of road, $286,986; equipment, $23,050; profit and loss, §216— total, $310,251. Financial agents: American Ex-
change National Bank, New York City, N. Y. Trustee of bonds : Utah Loan and Trust Co., Ogden, Utah.

Directors (elected Jan., 1898).— David Eccles, Thos. D. Dee, Ogden, Utah; C. W. Nibley, F. M. Shurtliff,
Baker City, Ore.; William Eccles, Hood River, Ore. OFFICERS: DAVID ECCLES, Pre*., Ogden, Utah; C. W.
Nibley, Vice-Pres. • Joseph A. West, Sec.; H. H. Spencer, Treas., Baker City, Ore.; Thos. D. Dee, And., Ogden,
Utah. GENERAL OFFICE, Baker City, Ore.

TACOMA AND COLUMBIA RIVER RY.— Projected : Tacoma, Wash., to The Dalles, Ore., 145
miles. Completed, April 1, 1898: Tacoma to Terminus, Wash., 13.5 m.; trackage, N. P. RR., 5 m.— total
operated, 18.5 miles. Gauge, 4 ft. 8} in. Rail (steel), 56 Ibs.

History. — Chartered in 1895. Part of this company's line was formerly the Tacoma, Lake Park and
Columbia River Ry., whose property was sold under foreclosure in Sept., 1896. The T. & C. R. Ry. Co. also pur-
chased the grade, depots and terminals of the Tacoma and Lake City RR. and Navigation Co., exteiidin2;a distance
of 14 miles, from Fair Grounds, in north end of Tacoma, to American Lake, which it is proposed to extend to the
deep water terminals at Steilacoom on the Narrows, this necessitating an extension or only 2 miles. On Oct. 8,
1808, the City Council of Tacoma passed an ordinance granting to the Tacoma and Columbia River Ry. extensive
terminals along the deep water front of said city. In ad iition to the 14 miles of roadbed purchased from T. <fc
L. C. RR. & Nav. Co., the T. & C. R. Ry. Co. ha» about 6 miles t fits own main line completed from the end of
completed road south, making a total of 20 miles of new line ready for rails. The company owns about 36 acres of
terminal on deep water at Steilacoom, about 3.000 ft. front on water. Locomotives, 3. Cars— passenger, 4 ; bag-
gage, etc., 2— total, 6. Eight more passenger cars have been contracted for.

Financial Statement, April 1, 1898.— Capital stock (shares, $100), $3,000,000, authorized and subscribed.
Funded debt outstanding consists of $250,000 1st mtge. 5 p. c. 40-yr. $1,000 gold bonds, due Sept. 1, 1937, interest
March and Sept. at Continental Trust Co. The authorized amount of 1st mtge. bonds is $3,000,000, of which
$250,000 have been issued on the 21.5 miles completed road as shown above; $250,000 are to be used for deep
water connection, and the remainder ($2,500.000) is reserved for extensions at the rate of $20,000 per mile.
Trustee : Continental Trust Co., New York, N. Y.

Directors.— Not reported. OFFICERS : W. BAILEY, Pres. & Gen. Mgr.; Geo. N. Morton, Vice-Pres.;
Franklin Everhart, Sec.; F. H. Gorman, Treas.; Wm. Bailey. Jr., Aud. & Asst. Sec., 40 Wall St., New York,
N. Y. GENERAL OFFICE, Tacoma, Wash.

UNITED VERDE AND PACIFIC RY.— Jerome June, to Jerome, A. T., 26 miles. Sidings, 2
miles. Gauge, 3 ft. Hail (steel), 45 Ibs. Chartered March 20, 1894 ; road opened Dec. 31, 1894. Locomotives, 3.
Cars— passenger, 2 ; freight (box, 4 ; flat, 10 ; stock, 12 ; coal, 10), 36 ; tank, 2 ; other, 3— total, 43.

Operations, year ending June 30, 1897.— Trains run (mixed), 27,520 miles. Passengers carried, 6,424 ; car-
ried one mile, 163,235. Tons moved, 54,140; ton-miles, 1,389,601. Earnings (passenger, $10.225; freight, $122,-
736; other, $1,993), $134,953. Operating expenses, $58,754. Net earnings, $76,199: other receipts, $2,213— total.
$78,412. Payments : Interest on bonds, $18,000 : improvements, $1,841— total, $19,841. Surplus, $58,572 ; sur-
plus forward, $20,181— total, $78,753.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $300,000 ; funded debt (1st mtge. 6 p.
c. $1,000 gold coup, bonds, issued 1896, due 1920, interest Jan. 1 and July 1) authorized and outstanding, $300,000 ;
current accounts, $6,898 ; profit and loss, $78,753— total, $685,651. Contra; Cost of road, etc.. $600.000 ; materials,
etc., $886 ; cash, $84,765— total, $685.651. Interest on bonds payable at the ofQce of the trustee, State Trust Co.,
New York, N. Y.

Directors.— Wm. A. Clark, C. W. Clark. J. A,Macdonald, New York, N. Y.; J. L. Giroux, H. J. Allen,
Jerome, Ariz. OFFICERS : WM. A. CLARK, Pres.; Jas. A. Macdonald, Vice-Pres. & Treas.; Chas. W. Clark, Sec.,
New York, N. Y.; J. L. Giroux, Gen. Mgr., Jerome, Ariz. GENERAL OFFICE, 43 Cedar St., New York, N. Y.

VIRO-INIA AND TRUCKEE RR.— Reno to Virginia, Nev., 52.20 m.; sidings, etc., 25.94 miles.
Gauge, 4 ft. 81 in. Rail (steel), 56 Ibs. Chartered Feb. 11, 1869 ; road opened Jan. 1, 1870. Locomotives, 14. Cars
—passenger, 10 ; baggage and express, 4 ; freight (box, 7 ; ore, 115 ; flat, 196), 818 ; tank, 1— total, 3^3.

Operations, year ending June 30, 1897 — Gross earnings (passenger, $63,342; freight, $118,610; other, $600),
$182,642. Operating expense?, $155,847. Net earnings, $26,795. Payments, $11,062. Surplus, $15,733.

Financial Statement. June 30, 1896 (latest rendered).— Capital stock, $5,000,000 ; accounts, $59,172 ;
profit and loss, $25.824— total, $5,084,996. Contra: Cost of road, etc., $4,435,278 : real estate, etc., $206,798 ; ma-
terials, etc., $158,493 ; accounts, $32,144 ; cash, $70,956 ; suspense stock. $181,326— total, $5,084,996.

Directors.— D. O. Mills, New York. N. Y.; H. M. Yerington, D. L. Bliss, Geo. T. Mills, Carson, Nev. ; F.
G. Newlands, Reno, Nev. ; W. E. Sharon, W. E. F. Deal, J. Newlands, Jr., J. W. Eckley, Virginia, Nev. OFFICERS:
D. O. MILLS, Pres., New York, N. Y.; H. M. Yerington, Vice-Pres. <fc Gen. Supt., Carson, Nev.; Agency Bank of
California, Treas.; E. B. Yerington, Sec., Carson, Nev. GENERAL OFFICE, Carson, Nev.

VISALIA AND TULARE RR.— Visalia to Tulare, Cal., 1J.5 miles'. Gauge, 4 ft. 81 in. Rail (steel i,
30 Ibs. Incorp. Nov. 4, 1887 ; road opened Oct. 22, 1888. Locomotives, 2. Cars (passenger), 3. The Southern
Pacific Co. furnishes freight cars as needed.

Operations, year ending JuneSO, 1897.— Trains run (passenger), 25,185 miles. Passengers carried, 11,647.
Tons moved, 2,102. Earnings (passenger, $6,841; freight, $l,83i ; other, $112), $8,785. Operating expense?,
$6,529. Net earnings, $2,256. Payments : Interest on bonds, $3,500 ; other interest, $1,320 ; taxes, $448— total,
$5,268. Deficit, $3,012; deficit forward, $16,007— toial, $19,019.

Financial Statement, June 30, 1897.— Capital stock (auth., $100,000 ; $100 shares), $60,000 ; funded debt
(1st mtge. 7 p. c. 10-yr. $100 coup, bonds, due Jan. 10, 1898, interest Jan. and July at Visalia, Cal. ; anth., $100,-
000), $50,000 ; current accounts, $26,691— total, $136,691. Contra: Cost of property, $112,205 ; real estate, etc.,
$4,214 ; bills, $258 ; accounts, $995 ; profit and loss, $19,019— total, $136,691. Trustee of bonds : Jasper Harre.l,
Visalia, Cal.

Directors (elected June 7, 1897).— Jasper Harrell, A. J. Barrel], G. A. Botsford, F. R. Kellenberg, Chas. T.
Lindsey, Geo. D. Smith, Visalia, Cal.; T. H. Thompson, Tulare, Cal. OFFICERS : JASPER HARRELL, Pres.: A. J.
Harrell, Vice-Pres. tfc Gen. Mgr.; The Producers' Bank, Treas.; Geo. D. Smith, Visalia, Cal. GENERAL OFFICE,
Visalia, Cal.

VISALIA RR.— Visalia to Goshen, Cal., 7.33 m.; sidings, 1 mile. Gauge, 4 ft. 81 in. Rail, 50 Ibs. In-
corp. May 21, 1874 ; road opened Sept., 1874. Locomotives, 3. Cars— passenger, 1 ; baggage, 1— total, 2.

Operations, year ending June 30, 1897.— All information refused ; for latest statement (1895-96), fee
MANUAL for 1897.

Financial Statement, June 30. 1896 (latest rendered).— Capital stock (shares. $100), $100,000 ; profit and
loss, $4,048-total, $104,048. Contra: Cost of road, $167,617 ; stocks owned, $100,000; lands owned, $9,110;
materials, etc., $400 : profit and loss. $4.048— total, $284.765.

Directors. -R. E. Hyde, E. Jacob, L. C. Hyd«s, S. Mitchell, Visalia, Cal.; Solomon Sweet, San Francisco,
Cal. OFFICERS : R. E. HYDE, Pres. • S. Sweet, Vux-Pres. , San Francisco. Cal.; E- Jacob, Treas.; Julius Levy,
Sec., Visalia, Cal. GENERAL OFFICE, Visalia, Cal.

POOR'S MANUAL — ATCHISON, TOPEKA AND SANTA FE RY. CO. (THE). 275

RAILROAD SYSTEMS IN THE UNITED STATES.

COMPRISING LINES OF RAILWAY RUNNING THROUGH SEVERAL STATES OR GROUPS OF
STATES AND OPERATED IN ASSOCIATION WITH EACH OTHER.

£5^~ Railroads reporting for the calendar year, or those operated independent of or without association with
other lines than those directly leased by them, if not in alphabetical order following, may be found by referring
to the GENERAL INDEX.

THE ATCHISON, TOPEKA AND SANTA FE RAILWAY COMPANY.

f Chicago, 111., to Denver, Col 1,219.84 miles.

nr«- T- « *i> ^.J Newton, Kan., to Galveston, Tex 751.59 "

Mam Lines of Road : j La Junta Col ^ to El Paso Tex 603 74 „

[ Southern California Lines (see p. 276) 498.74 "

Other divisions and branches of the system - 3,416.58 "

Total length of lines, Atchison Ry. System, June 30, 1897 6,479.49 miles.

3d track, 16.02 miles ; sidings, 1,162.86 miles. Gauge, 4 ft. 8£ in. Rail (steel, 6,355.35 miles),
56 to 75 Ibs.

Statement in detail of the lines comprised in the Atchison Railway System, the operations
of which are included in the statistics for the year ending June 30, 1897 (for changes effective
July 1, 1897, see p. 276) :

LEASED AND CONSOLIDATED LINES :

Atch., Top. and Santa Fe RR. (Original) : MILES.

Atchison to West. Boundary of Kan 470.58

Chicago, Santa Fe and Cal. Ry. (515.27m.) :

Chicago, 111., to Kansas City, Mo 456.96

Ancona to Pekin, LI. (inc. 5.91 1.1. leased) 58.31

St. Joseph, St. Louis and Sta. Fe Ry. (97.56 m.) :
Lexington Jc. , Mo. , to St. Joseph and Winthrop,

Mo. (opp. Atchison, Kan.) 95.97

Lake Contrary (Mo.) Branch 1 .59

Kansas City, Topeka and Western RR. :
Kansas City, Mo., to Topeka, Kan 66.04

Leavenworth North, and South. Ry.:
Wilder to Cummings June., Kan 46.19

Kan. Cy., Emporia and South. Ry.:
Emporia to Moline, Kan 84.38

Florence, Eldorado and Walnut Vy. RR. :
Florence to Winfleld, Kan 72.73

Marion and McPherson Ry.:
Florence to Ellin wood, Kan 98.84

Wichita and Southwestern, Ry. (121.96 m.) :

Newton to Arkansas River, Kan 79.41

Mulvane to Caldwell, Kan., incl. Wellington
extension > 42.55

Southern Kansas Ry. Lines (840.51 m.) :

Lawrence Jc. to North Ottawa, Kan 26.24

North Ottawa to Emporia, Kan 56.42

Burlington Jc. to Burlington, Kan 41.69

Chanute to Pittsburgh, Kan 61 .08

Cherryvale to Coffeyville, Kan 18.09

Arkansas City, Kan., to Purcell, Ind. Ter 154.49

Wellington to Hunnewell, Kan 18.41

Attica to Medicine Lodge, Kan 21 .26

Hollid»y, Kan., to Ind. Ter. and Texas State
Line 442.83

Chicago, Kansas and Western RR. (908.23m.):

Osage City to Quenemo, Kan 20.41

Gladstone, Kan., to Superior, Neb. (2.53

m. leased) 165.41

Abilene to Salina, Kan 22.55

Manchester to Barnard, Kan 43.08—231 .04

Ellinor to Bazar, Kan 10.01

Little River to Holyrood. Kan 30.27

Augusta to Mulvane, Kan 20.80

Mulvane to E. Line of Clark Co., Kan 138.04

Hutchinson to Kinsley, Kan 84.43

Great Bend to Scott, Kan 120.39

Larned to Jetmore, Kan 46.80

Burlington to Gridley, Kan , 11.05

MILES.

Colony to Yates Centre, Kan.,,, 25.27

Chann te to Longton, Kan 44 . 54

Benedict to Madison June., Kan 41 .11

Independence to Cedarvale, Kan 55.83

E. Line of Clark Co. to Englewood, Kan 28.24

PueUo and Ark. Valley RR. (294.16 m.):

Kansas State Line to South Pueblo, Col 150.23

South Pueblo to Canon City. Col 40.27

Branches to Coal Mines, Col 7.08

La Junta, Col., to N. M. State Line 96.58

Denver and Santa Fe Ry.:
South Pueblo to Denver, Col., including Den-
ver Circle Ry 126.03

New Hex. and Southern Pac. RR. (372.27 m.) :

N. M. State Line to San Marcial, N. M 353. 97

Lamy to Santa Fe\ N. M 18.30

Rio Grande, Mexico and Pacific RR. (186.08 m.) :

San Marcial to Deming, N. M 129.04

Rincon, N. M., to Texas State Line 57.04

Silver City, Deming and Pacific RR.:
Deming to Silver City, N. M 48.30

New Mexican RR. (58.47 m.) :

Socorro to Magdalena, N. M 30.96

Nutt to Lake Valley, N. M 13.31

Las Vegas to Hot Springs, N. M 8.27

Dillon June, to Blossburg, N. M 5 . 93

Silver City and Northern RR.:
Whitewater to San Jose, N. M 14.60

Total A., T. & S. F. Ry 4,422.20

Rio GBAND'E AND EL PASO RR. :
Texas State Line to El Paso, Tex 20. 15

SOUTHERN KANSAS RY. or TEXAS :
Texas State Line to Panhandle City, Tex 100.41

GULP, COLORADO AND SANTA F6 RY. (1,087 . 60 m.) :

Galveston, Tex., to Pnrcell, Ind. Ter 517 .69

Alvin to Houston, Tex 25.66

Somerville to Conroe, Tex 73.59

Conroe to end of track 29.60

Temple to San Angelo, Tex 227.04

Coleman Jc., to Coleman, Tex 6.26

Cleburne to Dallas, Tex 53.33

Dallas Y to Paris, Tex 100.90

Ladonia to Honey Grove, Tex 11.80

Cleburne to Weatherford, Tex 41 .73

SONORA RAILWAY :
Nogalesto Guaymas, Mez 262.61

276 POOK'S MANUAL OF RAILROADS — RAILROAD " SYSTEMS.

NEW MEXICO AND ARIZONA RR. : MILES.
Benson, Ariz., to Nogales (on Mexican Bound-
ary) 87.78

SOUTHERN CALIFORNIA RY. (498.74 m.):

Barstowto National City, Cal 210.60

San Bernardino to Los Angeles, Cal 61 . 87

Los Angeles to Los Angeles June., Cal 83.10

East Riverside to Orange, Cal 40.70

Ferris tosSan Jacinto, Cal 19.40

Escondido June. toEscondido, Cal 21.20

San Bernardino to Mentone, Cal 12.50

Highland June, to Mentone, Cal 12 . 88

Ballona June, to Santa Monica June., Cal 12.51

MILES.

Inglewood to Redondo Beach, Cal. 10.80

Santa Monica June, to Santa Monica, Cal 5. 42

Elsinore to Alberhil, Cal 7.76

RECAPITULATION :

The Atchison, Topeka and Santa Fe Ry 4,542.76

Gulf, Colorado and Santa Fe Ry 1,087.60

Southern California Ry 498.74

New Mexico and Arizona RR 87.78

Sonora Ry 262.61

Grand total, Atchison System 6,479.49

NOTE. — It will be observed that, in the recapitulation of mileage, the length of the Rio Grande and El
Paso RR. and of the Southern Kansas Ry. of Texas are included in the mileage shown for the Atchison,
Topeka and Santa Fe Ry. This is in accordance with the recapitulation of mileage shown in the report of the
Atchison, Topeka and Santa Fe Ry. Co., and also agrees with the classification of the lines embraced in the
system made in previous issues of the MANUAL. The lines named are operated directly by the corporations
owning them, but for convenience their statistics are consolidated with those of the Atchison, Topeka and
Santa Fe Ry. Co.

History. — Chartered Dec. 12, 1895, under the laws of Kansas, as successor to the Atchi-
son, Topeka and Santa Fe RR. Co., whose property was sold under foreclosure on Dec. 10,
1895, in pursuance of the plan of reorganization outlined in the MANUAL for 1895, page 934.
See also MANUAL for 1896, page 352, and MANUAL for 1897, page 269.

In the MANUAL for 1897, on page 272, it was stated that this company had purchased the
entire issue of 1st mtge. bonds secured on the Western Div. of the Atlantic and Pacific RR.
This mtge. was foreclosed and the property sold on May 3, 1897, the Santa Fe Pacific RR. Co.
being organized on June 16, 1897, to take over and operate the property. The new company
took possession on July 1, 1897. The road is now operated as part of the Atchison System.

As stated in the MANUAL for 1897, p. 1284, an arrangement has been made with the South-
ern Pacific Company, for the permanent exchange of the lines of the New Mexico and Arizona
RR. and Sonora Ry., owned by this company, for the Mojave Division of the Santa F£ Pacific
RR. (240.06 miles), owned by the Southern Pacific, and operated since 1884 by the Atlantic
and Pacific RR. under lease from the Southern Pacific. Agreements looking to the consum-
mation of this exchange are in preparation.

On Julyl, 1897, the operation of the Sonora and the New Mexico and Arizona was turned
over to the Southern Pacific Company, and that of the Santa Fe Pacific RR., including the
Mojave Division, was taken up by the Atchison, Topeka and Santa Fe Ry. Co. Other changes
made during the year increased the length of the Atchison, Topeka and Santa Fe Ry. lines
12.13 miles and lessened that of the Southern California Ry. lines 10.72 miles. The follow-
ing is the System mileage as operated June 30, 1898 :

The Atchison, Topeka and Santa Fe Ry . . . 4,554.89 miles.

Gulf, Colorado and Santa Fe Ry 1,087.60 "

Santa F6 Pacific RR 805.86 "

Southern California Ry 488.02 "

Total 6,936.37 miles.

The length of the Santa F£ Pacific RR. as operated is 818.55 miles, but 12.69 miles are
deducted, being included in the mileage of the Atchison, Topeka and Santa F6* Ry. The
company began to operate the Silver City and Northern RR., under a lease, about May 1,
1897, and has since purchased it outright. (See MANUAL for 1897, p. 218.) The section of
that line from San Jose to Hanover has been abandoned, and one of 5 miles constructed, from
San Jose to Santa Rita.

Union Passenger Depot, Galveston.— \ new passenger station, large enough to accommodate all the
lines terminating at Galveston, has been constructed by a separate corporation, named " The Union Passenger
Depot Co. of Galveston," all of the stock and bonds of which are owned by the Atchison, Topeka and Santa
Fe Ry. Co. This construction was made necessary by reason of the termination of the right to use the depot
building heretofore occupied by the Gulf Company, and the necessity for increased facilities.

Coal Properties. — The company has leased its interest in the mines of the Raton Coal and Coke Co. at
Blossburg, N. M., to the Maxwell Land Grant Co., which is equal owner with this company. The Cerrillos mines
in New Mexico are now the only coal mines operated by an auxiliary coal company. The results from leasing
the Kansas and Colorado coal properties have been satisfactory in view of trade conditions existing during
the year, though low market prices, with small tonnage demand, have caused a shrinkage in net earnings
from the various coal properties owned by the company. At Cerrillos the working out of the White Ash vein
and the opening of a new mine in what is known as the Cook & White vein reduced materially the tonnage
and earnings for the year.

Rolling Stock (all lines), June 30, 1897. — Locomotives, 953. Passenger cars — coaches
(first class, 220; second class, 63), 283 ; chair, 72; coach and baggage, 42 ; coach, mail, and

POOR'S MANUAL — ATCHISON, TOPEKA AND SANTA FE RY. CO. (THE). 277

baggage, 28; baggage, mail and express, 69; baggage, 66; express, 13; mail, 17; official, 13;
pay, 1; dining, 13; parlor, 5 — total, 622. Freight cars — box, 10,880; combination, 165; stock,
3,141; coal, 7,592; flat, 2,036; caboose, 465; fruit (freight), 550; refrigerator, 790; furniture,
1,117; beer, 40 — total, 26,776. Miscellaneous cars— derrick, 11; pile-driver, 18; steam
shovel, 5 ; boarding, 14; water, 35 ; oil tank, 34 ; snow-plough (rotary), 3; tool, 6; paint, 2;
ballast, 414; weed burner, 1; frontier station, 1 — total, 544. Grand total, 27,942 cars.
Operations, year ending June 30, 1897:

A..T.&S.F.
Ry.

N. M. & A.
RR.

G.,C.&S.F.
Ry.

So. Cal.

Ry.

Sonora

Ry.

Entire
System.

Miles RR. Operated ... ....

4,534.71
5,386,779
10,876,162
1,147,171

87.78
60,379
33,845

1,059.97
1,372,356
3,311,959
128,775
965,746

498.74
703,704
347,311
95,374
230,792

262.61
110,839
63,962
76,585
134,815

6,443.81
7,634,057
14,633,239
1,447,905

4,874,551

Train Mileage — Passenger *. . . . .

Freight

Mixed

Other

3,472,458

70,740

Total

20,882,570
2,172,467
174,827,792
5,956,452
1,636,291,563

3,958,557 28
16,526,656 06
756,196 40
753,456 80
964,80679

164,964
11,531
699,037
48,876
3,666,861

39.821 93
124,546 17
6,58453
4,191 96

8,58015

5,778,836
710,360
38,051,340
1,637,767
366,540,451
I
815,607 46
3,989,722 58
112,41950
118,424 04
74,33697

1,377,181
557,194
24,368,056
469,881
44,659,040
$
660,311 46
1,164.993 32
64,29492
43,884 96
32,12352

386,201
85,416
5,106,201
94,349
11,325,353
$
99,99018
261,768 64

28,589,752
3,536,968
243,052.426
8,207,325
2,062,483,268

5,574,288 31
22,067,686 77
939,495 35
931,052 70
1,108,706 97

Passengers Carried

Passenger Mileage

Freight (tons) Moved

Freight (ton) Miles

Earnings — Passenger

Freight

Mail

Express

11,09494
28,85954

Other

Total Earnings

22,959,673 33
8,323,566 98
2,719,925 60
4,592,825 10
752,861 72

183,724 74
71,797 12
6,64963
52,237 70
7,981 63

5,110,51055
2,667,494 29
517,291 28
968,900 23
211,968 32

1,965,608 18
843,52741
166,524 09
571,402 67
97,813 85

401,713 30
130,400 46
33,49422
97,55745
32,96906

30,621,230 10
12,036,786 26
3,443.884 82
6,282.923 15
1,103,594 58

Expenses — Transportation

Equipment
Maint Way etc ....

General ....

Total Expenses

16,389,17940
6,570,493 93
5,063 10
3,614 16
1,44894
71 .38 p. c.
2.264 c.
1.010 c.

138,66608
45,05866
2,093 01
1,579 70
51331
75.47 p. C.
5.697 c.
3.397 C.

4,365,654 12
744,856 43
4,821 37
4,118 66
70271
85.42 p. c.
2.143 c.
1.088 c.

1,679,268 02
286,340 16
3,941 15
3,36702
57413
85.43 p. c.
2.710 c.
2.609 c.

294,421 19
107,292 11
1,52969
1,121 13
40856
73.29 p. c.
1.958 c.
2.311 c.

22,867,188 81
7,754,041 29
4,752 04
3,548 76
1,20328
74.68 p. c.
2.293 c.
1.070 c.

Net Earnings

Gross Earnings per Mile

Gross Expenses per Mile

Net Earnings per Mile . . .

Expenses to Earnings
Aver. Rate per Pass, per Mile
Aver. Rate per Ton ner Mile

Gross Earnings $30,621,230 10

Operating Expenses 22,867,188 81

Net Earnings $7,754,041 29

Income from Investments 125,701 14

Interest, Discount and Exchange 74,655 01

Partial Repayment of Advances to Sub-
sidiary Cos. written off June 30, 1896. 54,142 94

Income Account, year ending June 30, 1897.

Rents of Tracks and Terminals $282,021 21

Rental Mojave Div., A. & P. (proport'n) 232,429 89

Taxes 1,363,532 61

Interest on Bonds 4,608,858 03

Assessments Paid on St. L. & S. F. Ry.

Co. Bonds, etc 13,21425

Adv. to Subsidiary Cos. written off 14,472 43

Land Department Expenses 5,27086

Sundry Items Chargeable to Operating

Accounts in Readjustment 36,295 50

Balance, Surplus, for year 1,452,445 60

Total Credits $8,008,540 38 Total Debits $8,008,540 38

Profit and Loss Account, year ending June 30, 1897. — Balance of income account,
$1,452,445.60 ; balance forward from June 30, 1896, $141,720.18 ; sundry adjustments apply-
ing to period Jan. 1 to June 30, 1896, $9,060.82 — total, being surplus as per general balance
sheet, $1,603,226.60. Out of this surplus, interest at the rate of 3 p. c. has been declared
payable on Nov. 1, 1897, to holders of adjustment mtge. bonds.

Income, etc., Supplementary Comparative Statement for 10 months ending April 30, 1898,
and 1897 :

1898

Gross Earnings $32,924,129 52

Operating Expenses 23,697,693 48

Net Earnings 9,226,436 04

Taxes and Rentals 1,423,035 39

Available Income 7,803,400 65

Average length of lines operated in 1898, 6,933.53 m.; in 1897, 6,982.15 miles. This
mileage includes the length of the Atlantic and Pacific (now Santa Fe Pacific) for both
periods, but not the lengths of the Sonora Ry. and the New Mexico and Arizona RR.

1897

$28,111,99389

20,708,674 06

7,403,319 83

1.729,81330

5,673,506 53

INCREASE.

$4,812,1*5 63

3,989,019 42

1,823,116 21

'2,'l29,894'i2

DECREASE.

306,77791

278

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Comparative statement of traffic, operations, etc., Atchison System, for seven fiscal years:

YRS. ENDING JUNK 30.

1891

1892

1893

1894

1895

1896

1897

Average Miles Operated
Pass. Train Mileage...
Freight Train Mileage.
Mixed Train Mileage. . .
Total Train Mileage...

Passengers Carried ....
Passengers One Mile . .
Tons Freight Moved. . .
Tons Freight One Mile

Passenger Earnings: . . .
Freight Earnings

7,111.61
8,655,049
14,659,227
1,938,721
30,707,208

4,467,298
307,587,940
7,780,223
1,844,663,240

7,248,694
23,329,649
3,085,373

7,474.81
8,934,249
16,484,640
2,012,731
32,959,992

4,819,310
316,887,656
9,280,635
2,184,192,759
$
7,686,848
27,508,736
3,346,215

7,480.65
9,631,543
17,902,771
2,001,748
35,567,987

5,371,554
385,268,617
10,030,460
2,418,315,576
$
8,720,831
28,791,449
3,804,266

7,474.83
9,123,019
15,940,029
2,067,107
32,412,151

4,801,348
373,306,872
8,631,896
2,029,060,542
$
7,823,465
22,167.154
3,808,806

6,481.49
7,796,324
13,921,686
1,642,101
27,978,106

4,174,030
257,387,432
7,648,636
1,673,407,050
$
5,896,765
19,561,659
3.356,429

6,429.78
8,218.585
13,398,398
1,565,752
27,996,366

4.175,500

282,532,458
7,718,598
1,748,478,650
$
6,269,683
19,626,994
3,102,920

6,443.81
7,634,057
14,633,239
1,447,905
28,589,752

3,536,968
243,052,4-06
8,207,325

2,062,483,268
$
5,574,288
22,067,687
2,979,255

Other Earnings ........

Total Earnings
Operating Expenses

Net Earnings

33,663,716
24,043,169

38,541,789
26,750,951

41,316,546
28,605,799

33,799,426
25,556,102

28,814,853
22,313,589

28,999,597
22,071,275

30,621,230
22,867,189

9,620,547

4,733 63
3,380 68
1,352 95

71 .42 p.c.
2.357C.

1.265C.

11,790,838

5,156 22
3,578 81
1,577 41

69.41 p. c.
2.426c.
1.259C.

12,710,747

5,523 12
3,82397
1,699 15

69. 23 p.c.
2.264c.
1.191c.

8,243,324

4,521 "6
3,418 95
1,102 81

75.61 p. c.
2.096 C.
1.092C.

6,501,264

4,44571
3,442 66
1,00305

77.44 p. c.
2.291C.
1.168C.

6,928,322

4,506 34
3,429 72
1,076 62

76.11 p. c.
2.211 c.
1.122 c.

7,754,041

4,752 04
3,548 76
1,203 28

74.68 p. c.
2.293 c.
1.070 c.

Gross Earnings per M. .
Gross Expenses per M.
Net Earnings per M . . . .

Expenses to Earnings .
Aver. Rate p. Pass. p. M
Aver. Rate p. Ton p. M.

General Balance Sheet, A., T. & 8. Fe Ry. Co.— System, June 30, 1897.

(Including The Atchison, Topeka and Santa F6 Ry. Co., Gulf, Colorado and Santa Fe Ry. Co., Southern
California Ry. Co., Sonora Ry. Co. Ltd., and New Mexico and Arizona RR. Co.)
Railroad Franchises & Other Property.. $386,498,855 09

Preferred Stock in Special Trust 17,286,470 00

Fund for Redemp. Eq. Tr. B'ds, Ser. A. 342,757 55

Additions since June 30, 1896 1,458,622 59

Sundry Securities on Hand 3,305,902 30

Union Trust Co. of New York, Trustee. 100,572 50

Material and Supplies 1,160,965 19

Accounts Receivable 2,458,674 03

Cash 2,682,391 91

Prior Accounts in Liquidation 107,944 92

Capital Stock— Common $102,000,000 00

Capital Stock— Preferred 131,486,000 00

Funded Debt— Gen. Mtge. 4 p. c. Bds.. 110,420,500 00

Adjustment Mtge. Bonds 51,728,00000

Guarantee Fund Notes 8,605,00000

Chic. & St. Louii Ry. Mtge. Bonds... 1,500,000 00

Equipment Trust, Series A 1,250,00000

Sundry Unassented Bonds 693,250 00

Interest on Bonds Accrued 1,330,456 50

Rolling Stock Replacement Fund 513,291 98

Accounts Payable 3,013,683 10

Taxes Accrued 695,249 32

Prior Accounts in Liquidation:

Bills, Accounts, etc $118,28069

Other Liabilities 446,217 89— 564,498 58

Profit and Loss 1,603,226 60

Total Assets $415,403,156 08 Total Liabilities $415,403,156 08.

The common stock was issued under the terms of the plan of reorganization, to holders
of reorganization receipts for old capital stock. The authorized amount of preferred stock is
the amount shown in the general balance sheet, $131,486,000. Under the terms of the plan
of reorganization, $20,000,000 of preferred stock was reserved for the acquisition of the St.
Louis and San Francisco Ry., the Atlantic and Pacific RR. and the Colorado Midland Ry. (see
MANUAL for 1897, p. 271). To acquire the 1st mtge. bonds of the Atlantic and Pacific RR.,
Western Division, $9,200,000 of this amount was issued in March, 1897.

Preferred stock is entitled to 5 p. c. non-cumulative dividends out of the net profits, and
to the par amount of it out of assets in case of dissolution or liquidation of the company, in
priority to common stock. It is provided that no mortgages other than the general and ad-
justment mortgages shall be executed by the company, nor shall the amount of preferred
stock be increased, without the consent of a majority of the whole amount of preferred stock
outstanding, given at a meeting called for that purpose, and the corsent of the holders of a
majority of such part of the common stock as shall be represented at puch a meeting.

" Railroad, Franchises and Other Property." — Amount June 30, 1896 (see MANUAL for
1897, p. 271), $371,669,326.78; add purchase price of A. & P. RR. (gen. mtge. bonds, $8,400,-
000 ; preferred stock, $9,200,000 ; cash, $530,000), $18,130,000 ; net cash payments (receiver's
notes paid and other cash payments, $1,279,882.31 ; less cash and cash assets received, $582,-
465.22), $747,417.09 ; improvements and equipment expenditures, 6 months ending June 30,

POOR'S MANUAL — ATCHISON, TOPEKA AND SANTA FE RY. CO. (THE). 279

1896, $434,935.99; Cerrillos Coal Co.'s 1st mtge.bonds, $500,000; Galveston Station, $178,161.06;
real estate, Galveston, $50,000 ; discounton gen. mtge. bonds, $765,831.36; Wichitaand West-
ern Ry. Co. securities acquired, $39,500— total, $392,515,172.28. Deductions: Joint Execu-
tive Reorganization Committee, increase over estimated valuation June 30, 1896 (cash,
$116,600; securities, $232,070.25 ; preferred stock, now stated at par value, $5,036,470),
$5,385,140.25; received from sale of securities under Article V. of gen. mtge., $198,991.86 ;
sundry adjustments for period prior to Jan. 1, 1896, $135,515.22 ; N. Y. Security and Trust
Co., balance transferred to separate account, $296,669.86— total deductions, $6,016,317.19.
Balance, being cost of property as per balance sheet, $386,498,855.09.
Securities in Treasury, June 30, 1897 :

Pueblo Union Depot and RR. Co. Capital Stock..,
County Bonds (Hamilton Co. Ks.)

Par Estimated

Value. • Value.

$8,00000 $8,00000

, 10,20000 10,20000

U. S. of Mexico Interior Consolidated Debt 3 p. c. Bonds 1,159,800 00 313,146 00

California and Eastern Ry. Co. 1st Mtge. Bonds 6,653 02 3,326 51

Pasadena and Pacific Ry. Co. 1st Mtge. Bonds 8,000 00 5,600 00

The Kansas City Belt Ry. Co. 1st Mtge Bonds 25,000 00 25,000 00

Central Trust Co. Certificates of Deposit for Colorado Midland RR. Co. Consol-
idated Mortgage Bonds 373,000 00 20,613 75

State Trust Co. Certificates for A. & P. RR. Co. Guaranteed Trust 4 p. c. Bonds. 50,000 00 2,500 00

A., T. & S. F. Ry. Co. Preferred Stock 24,400 00 7,320 00

General Mortgage 4 p. c. Bonds 3,306,013 40 2,719,196 04

Adjustment Bonds 382,000 00 191,000 00

Total $3,305,902 30

The amount of gen. mtge. 4 p. c. bonds as above includes $101,000 of bonds deposited with the New York
Security and Trust Co., trustee, under agreement of Aug. 28, 1896. In June, 1897, a contract was made for
the sale of $3,000,000 from the gen. mtge. bonds then owned by the company; on June 30th one-half of said
amount remained to be delivered under said contract, the proceeds of which are not included in the cash on
hand at that date shown in the balance sheet. The estimated value of the securities remaining after the
completion of this transaction was $2,072,152.30.

Statement showing the stocks owned by the company and pledged as security for funded debt (49,980
shares of A., T. & S. F. RR. in Chicago, and 149,980 shares of C., S. F. & Cal. are deposited with the Boston
Safe Deposit and Trust Co. as collateral security for the guarantee fund notes; 9,995 shares of Cerillos Coal RR.
Co. and 2,250 shares of the Wichita and Western Ry. Co. under other indentures. The rest of the shares shown
in the statement, except a small number of shares of each company held by directors, are deposited with the
Union Trust Co. of New York, trustee under the gen. mtge. indenture. The aggregate par value of 1,408,-
892^ shares so held by the Union Trust Co. is $80,631,463) :

Total
Shares.

Par
Value.

Total
Shares.

Par

Value.

A., T. & S. F. Ry. Co. (Preferred).
Atch., Top. & Santa Fe in Chicago
Atch. Union Depot & RR. . . .

n*

50,000
18
304
991
2,157
47,363
150,000
400
400
8,500
25,000
10,000
2,000
15,000
7,200
16
45,500
250
35,000
5,957
500
6,416
5,509
125
2,466
13,463
10,000
4,186}
146
240
93.020
36,820
950
14,558
3,000
1,000

*
8,180
5,000,000
18,000
30,400
99,100
215,700
4,736,300
15.000,000
40,000
40,000
425,000
2,500,000
1,000.000
200.000
1,500,000
720,000
1,600
4,550,000
25,000
3,500,000
595,700
50.000
641,600
550,900
12,500
246,600
1,346,300
1,000,000
418,650
14,600
24,000
9,302,000
3,682,000
95,000
1,455,800
300,000
100,000

Prescott & Arizona Cent. RR. Co.
The Peck Water Works Co

349

372
56,162
69,380
2,000
5,000
2,500
12
4*
6
7,080
50,603
6,045
3,009
52,480
9,700
30,468
67,520
4,500
16,000
10
1,500
2,500
158ft
1,135
2,043
1,625
550
900
600,000
4,500
18,244
2,000
5,000

34,900
37,200
5,616,200
6,938,000
200,000
500,000
250,000
1,205
450
600
708,000
5,060,322
604,500
300,900
5,248,000
970,00*
3,046,800
6,752,000
450,000
1,600,000
1,000
150,000
250,000
15,890
113,500
204,300
162,500
55,000
90,000
600.000
450,000
1,824,000
200,000
50,000

The Pneblo <fc Ark. Valley RR. Co.
The Rio Gr'de, Mex. & Pac. RR.Co.
Rio Grande & El Paso RR. Co. ...
Raton Coal & Coke Co

The Atchison City Elevator Co ...
Ariz. South. RR. Co. (Subscrip'n).
Aztec Laud & Cattle Co

The Chic., Kan. & West.RR. Co..
Chicago, Sante Fe & Cal. Ry Co..
Chi. Union Transfer Co. (Preferred)
Cbi. Union Transfer Co. (Common)
The Vanon City Coal Co

Rio Grande Land Co

Rush Center Town Co

The Santa Anna Vv. Irrigation Co.
The San Antonio Water Co

Silver City, Deming & Pac. RR. Co.
The Southern Kansas Ry. Co
The Southern Kan. Ry. Co. of Tex.
The So. Kan. & Panhandle RR. Co.
Sonora Ry . Co., Limited
St. Jos., St. Louis & S. Fe Ry. Co.
Southern Cal. Ry. Co., Preferred.
Southern Cal. Ry. Co., Common .
The Sibley Bridge Co

Cerrillos Coal RR. Co

The Cerrillos Coal & Iron Co
C'Ucrokee & Pittsb. Ccal & M. Co.
The Denver & Santa Fe Ry. Co. .
Flor., Eldorado & W. V. RR. Co. .
Forest Park & Central RR. Co. ...
Gnlf, Colorado & Santa Fe Ry. Co.
The Hunnewell Town Co
Kansas City, Top. & West. RR. Co.
Kansas City, Emporia & So.Ry. Co.
The Kansas City Belt Ry. Co
Leavenworth, North. & So. Ry. Co.
Leavenworth, Top. & S. W. Ry. Co.
The Leavenworth Dep. & RR. Co.
The Las Vegas Hot Springs Co ...
Marion and McPherson Ry. Co —
The Miss. R. RR. & Toll Bridge Co
Manh'n, Alma & Bnrl'ame Ry. Co
M-irine Rv. & Dry Dock Co
Mineral Belt Const. & Impr. Co. . .
The New Me*. & So. Pac. RR. Co. .
New Mexico & Arizona RR Co.. .
The New Mexico Town Co

The St. L., Kan. City & Col. RR.Co.
St. Joseph Union Depot Co

i St. Joseph Terminal RR. Co

Santa Fe Town & Land Co

St. L. & S. F. RR. Co., 1.4 Pref'd. .
St. L. & S. F. RR. Co., 2d Pref'd. . .
,St. L. & S. F. RR. Co., Common . .
The Trinidad Coal & CoakingCo. .
The Topeko Iron Co

Union Depot Co. (Kan. City, Mo). . .
The Vulcan Fuel Co

The Wichita & Western Ry. Co. . .
Wichita & South Western Ry. Co. .
Western Union Beef Co. . . .

World's Columbian Exposition
Total

[The New Mexico RR. Co

1 Pacific Land & Improvement Co..

1,621,893/5

101.930,597

280

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement of bonds owned by the company and pledged as security for tb® funded debt :

Pledged with Union
Trust Co., Trustee
under General Mort-
gage.

Othewise Pledged.

C <D +^»

.22 o

"rt * ^

*K

^"3
5 J

"Ml

uo

III!

PH

Otherwise Pledged.

A., T. & S. F. Rv. Gen. Mtge. 4s

$
1,000

$

Kan. City, Top. & West. RR. 6s
Kan. City, Top. & W. RR. 2d Mtge. 6s.
Kingman, Pratt & W. RR. 1st Mtge. 6s
Town of La Junta W. d>. 1st Mtge. 6s.
Leav., Top. & So. Ry. Gen. Mtge. 4s.. .
Leav. Nor. & South. RR. 1st Mtge. 6s.
Leav. Nor. & South. RR. 2d Mtge. 6s.
Manhattan, Alma & B. Ry. 1st Mtge. 6s
Marion & McPherson RR. 1st Mtge. 7s
Marion & McPherson Ry. 3d Mtge. 6s.
Marion & McP. Ext. RR. 1st Mtge. 6s
Miss. R. RR. & Toll B. Co. 1st Mtge. 6s
New Mex. & Ariz. RR. 1st Mtge. 6s. ..
New Mex. & Ariz. RR. 2d Mtge. 6s . .
New Mex. & So. Pac. RR. 1st Mtge. 7s
New Mex. & S... Pac. RR. 2d Mtge. 6s
New Mexican RR 1st Mt^e. 6s

$
1,523,800
795,000
1,253,000
36,000
689,000
646,000
508,000
339,000
713,000
385,000
130,000

$

A., T. & S. F. RR. 1st Mtge. Ts
A., T. & S. F. RR. Guar. Fund Notes.
A., T. & S. F. RR. in Chi., 1st Mtge. 5s
Atch. Union Depot RR 2d Mtge. 5s. . .
Atlantic & Pacific RR. Guar. Trust 4s.
Atlantic & Pacific RR. 3d Mtge. 6s . .

7,041,000
1 ,395,000
7,000,000
9,000
3,000
2,800,000

2,597,000
331,500

Atlantic & Pac. RR. W. Div. Income..
At. & Pac. RR. ^d Mtge. 6 p. c. Coups.
Atlantic & Pacific RR. 1st Mtge. 6s ..
Arizona Min. Bolt RR. Interim Bonds.
Arizona Mineral Bull RR. 1st Mtge. 6s
Aztec L. & Cat. Co. (Ltd.) 1st Mtge. 6s
Beach Hot. * S. Imp. Co. 1st Mtge. 6s
Cerrillos Coal RR. 1st Mtge. 6s
California Central Ry. 1st Mtge. 6s ...
California Southern RR. 1st Mtge. 6s. .
Calif ot-nia Southern RR. Income 6s. ..
The Chi., Kan. & W. RR. 1st Mtge. 5s.
The Chi., Kan. & W. RR. Income 6s. .
Chi., Santa F6 & Cnl. Ry. 1*4 Mtge. 5s.
C.,S.F.& C. Ry.,Pekin Div.. 1st >ltge.6s
Coxvley, Sum. & Ft. S. RR. 1st Mtge. 7s

504,500
168,000
16.000,000
30,000
1,000
100,000
10,000

'6,457',666
2,056,000
3,442,220
13,282,800
6,639,700
14.721,000
733,000
798,000
10,000
3,106,000
1.000
313,000
142,000
775,000
200
12,695,000
8,464,000
195,000
1,109,000
533,000
144,000
100,000
2,940,000
350,000
25,000
591,000

650, 561

748,666

2,313,000
950,000
5,610,000
3,692,000
1,070,000
500,000
3,715,000
2,270,000
270,000

Ottawa & Burlington RR. 1st Mtge. 6s.
The Pueb. & Ark. V. RR. 1st Mtge. 7s
The Pueb. & Ark. V. RR.2d Mtge. 6s.
Redondo Beach Ry. 1st Mtge. 6s

Rio Arriba County, N. M. Funding 6s.
Rio Grande & El Paso RR. 1st Mtge. 6s
Rio Gr., Mex. & Pac. RR. 1st Mtge. 6s
St. Jos., St. L. & S. Fe Ry. 1st Mtge. 6s
St. Louis, K. C. & Col. RR. 1st Mtsre. 6s
Sonora Ry. Co., Ltd., 1st Mtge. 7s....
The So. Kan. Ry. Income 6s
The So. Kan. Ry .Gir. Ex^ 1st Mtge. 6s
The So. Kan. Rv., H.& W.,lst Mtge. 6s
The So. K. Ry.,' Gulf Div., 1st Mtge. 5s
The So. K. Ry., K.C.&E.,2d Mtge. 6s.
The So. K. Ry. Co. of Tex., 1st Mtg. 5s.
So. Kan. & Western RR. 1st Mtge. 7s
Sumner County RR. 1st Mtge. 7s
Sil.City, D. & P. RR. 1st Mtge. 6s ...
The Sibley Bridge Co 1st Mtge. 6s ...

200
500,000
4,650,000
1,915,000
1,381,000
5,248,000
1,479,950
135,000
1,378,000
4,335,880
301,000
1,583,070
1,576,000
185,000
708,000

Colorado Midland RR. Cons. Mtge. 4s.
The Den. & Santa Fe Ry. 1st Mtge. 6s
Dona Ana Co., N. M..Fdg. Bds.,Sr.A,(is
Devlin Coal Co. 1st Mtge. 6s
Elk & Chatauqua RR. 1st Mtge. 7s. ...
Florence, E. & W. V. RR. 1st Mtge. 7s
Grant County, N. M., Funding 6s
Gulf, Col. & Santa Fe Ry. 1st Mtge. Is
Gulf, Col. & Santa Fe Rv. 2d Mtge. 6s
Harvey County RR. 1st Mtge. 6s
Kansas City & Emp;re RR. 1st Mtge. 6s
Kansas City, Empire & So. 1st Mtge. 7s
Kan. C. E. & So. Ry . 2d Mtge. 6s
K.C.,E.&S.Ry.,HowardExt.lstMtge.6s
Kan. City, Law. & So. RR. 1st Mtge. 6s
Kansas City & Olathe RR. 1st Mtge. 6s
Kansas City Belt Ry. 1st Mtge. 6s
Kansas Southern Rv. 1st, Mtge. (is

850,666

TheTrin. C. & C. Co. 1st Mtge. 6s...
Wich. & S. W. RR 1st Mtge. 7s

100,000
412,000

Wich. & S. W. Ry. 2d Mtge. 6s
The Wich. & W. RR. Ist-Mtge. 6a . . .

265,000
813,000

Kan. City Northwes'n RR. 1st Mtge. 5s
Kan. City, Top. & W. RR. 1st Mtge. 7s
Kan. City, Top. & W. RR. Income 7s. .

2,000
854,000
200,000

Total

170,206520

5,17«,BOO

Statement of bonded debt (A., T. & S. F. Ry. Co.) outstanding on June 30, 1897 :

DESCRIPTION or MOBTGAOE.

Date
of

IMs.

When
Payable.

AMOUNT OP BONDS.

• INTEREST.

Author-
ized.

Out-
standing.

Rate.

Annual
Interest

When
Payable.

General 4 p. c. Gold Bonds. . .

1895
1895
1888
1885
1892

Oct. 1,1995
July 1, 1995
Nov. 1, 1898
Mar. 1, 1915
$250,OOQp.a.

$
165,490,500
71,728,000
10,000,000
1,500,000
2,500,000

$
110,420,500
51,728,000
8,605,000
1,500,000
1,250,000

693,250

p. c.

S*

*ff-

6
6
50.

Var.

$

4,416,820

Apr. & Oct.

Adjustment Mtge. Bonds

Guarantee Fund Notes

516,300
90,000
62,500

31,450

May & Nov.
Mar. & Sept.
Jan. & July.

Chicago & St. Louis Ry. 1st Mtge., $1,000
Equipment Trust Bonds, Series A

Non-assenting Bonds under Plan of Re-
organization of Oct. 15, 1889. . . .

174,196,750

5,117,070

The annual fixed interest charges payable on bonda outstanding July 1, 1897, not including treasury
assets, are as follows: Guarantee fund notes, $8.605,000 at 6 p. c., $516,300; C. & St. L. Ry. 1st mtge., $1,500,- -
000 at 6 p. c., $90,000; miscellaneous unassented bonds, $693,250 at various rates, $31,450; equipment trout

POOR'S MANUAL — ATCHISON, TOPEKA AND SANTA FE RY. CO. (THE). 281

Series A, $942,500 at 5 p. c., $47,125; gen. mtge., $108,490,730 at 4 p. c., $4,339,630— total fixed charges for
year, $5.024,505.

The gen. mtge. authorizes an issue of bonds which can never exceed $165,490,500, including all gen. mtge.
bonds and $17,000,000 prior lien bonds referred to hereafter. The bonds are for $500 and $1,000 each, in
coupon form, with power of registration as to principal, and may be converted into full registered bonds of
$1,000 and $5,000 each. Of the amount authorized, $68,500,000 were reserved— $18,500,000 to take up
underlying bonds and obligations; $30,000,000 for new construction and betterments and for additional rolling
stock not more than $3,000,000 of these bonds to be issued in any one year; and not more than $750,-
000 yearly of that amount for construction of branches and extensions; and $20,000,000 for the same pur-
poses for which the $20,000,000 of preferred stock were reserved. (See MANUAL for 1897, p. 272.) During
the past fiscal year $12,567,000 of the gen. mtge. bonds were issued, for the following purposes: Purchase of
A. & P. RR. Co. 1st mtge. bonds, $8,400,000; to capitalize sundry expenditures (equipment obligations paid,
$1,265,707.50; cash paid on A. & P. purchase, $644,376.90; improvements in 1896, $1,260,529), $3,170,613.40; to
take up outstanding obligations (guarantee fund notes, $493,000; Sonora Ry. bonds, $3,000), $496,000; advance
under gen. mtge. for improvements subsequent to Dec. 31, 1896, $500,000; fractional balances, $386.60.

The Atchison, Topeka and Santa Fe Ry. Co. holds the title to the railroad covered by the guarantee fund
notes, being the original Atchison road, 470.58 miles long, and it also holds all or nearly all the bonds and
Bhares of stock of the various companies in which the title to the other lines and branches is vested. The
gen. mtge. covers, either by direct mtge. or by collateral trust, the entire system, together with all the
equipment and terminals owned by the company, and future acquisitions, subject only to the guarantee fund
notes (see below), the liens on equipment, the Chicago and St. Louis Ry. bonds, and the unassented bonds.

Prior Lien Bonds. — In order to make additional provision for funding or paying the guarantee fund
notes, equipment bonds, and car trust obligations, and- to set apart a fund to insure against contingencies,
provision was made in the gen. mtge. for an issue of not exceeding $17,000,000 of 30-yr. 4 p. c. gold bonds,
secured by a lien prior to the lien securing the gen. mtge. bonds and covering the same property, and re-
deemable by lot on any coupon day at 103 p. c. and accrued interest, after at least three months' previous
notice of redemption. Of these prior lien bonds $12,000,000 can be issued only at par to take up the guaran-
tee fund notes, equipment trust bonds, and car trust obligations, for which $15,500,000 gen. mtge. bonds are
reserved; and in case of the issue of prior lien bonds for this purpose, $1,250 of such reserved gen. mtge.
bonds must be set apart for the redemption of each $1,000 of such prior lien bonds issued. The remaining
$5,000,000 prior lien bonds may be issued for necessary purposes of the company, but only prior to Dec. 1,
1900; and in case of the issuing of any such prior lien bonds, there will be reserved from the $30,000,000 gen.
mtge. bonds set apart for improvements, etc., $1,250 in bonds for each $1,000 of prior lien bonds so issued.

The gen. mtge. requires the company to issue and sell the gen. mtge. bonds reserved to pay or redeem
prior lien bonds, and to apply the proceeds to the redemption of such bonds whenever at least $100,000 par
value »f the gen. mtge. bonds so reserved can be sold at 90 p. c. and accrued interest.

The Adjustment Mtge. bonds are secured by second mtge., dated Dec. 12, 1895, to the Central Trust Co.
of New York, as trustee, and covering the same property as the gen. mtge., but subject thereto. Interest is
payable on the 1st of Nov., if earned. (In Nov., 1897, 3 p. c. was paid.) The interest is non-cumulative up to
July 1, 1900, when it becomes cumulative at the rate of 4 p. c. per annum. Principal and interest are pay-
able in gold in New York. The bonds are in coupon form, for $500 or $1,000 each. They may be registered
as to principal, or converted into full registered bonds of $1,000 each. In the mtge. securing these bonds
provision is made for the issue of $20,000,000 of bonds, in addition to the $51,728,000 outstanding, after the
$30,000,000 of gen. mtge. bonds reserved for improvements, etc., shall have been issued and used; but such
additional adjustment mtge. bonds can be issued only with the consent of the holders of a majority of all
adjustment bonds outstanding. Such additional adjustment bonds are reserved under carefully guarded re-
strictions so that they can be used only for improvements in the same manner as the $30,000,000 gen. mtge.
bonds, and so that they can be issued at a rate not exceeding $2,000,000 per annum, of- which amount $500,000
per annum must be for the construction of branches and extensions. The $51,728,000 of these bonds outstand-
ing, together with $96,990,500 of gen. mtge. bonds, were issued under the terms of the plan of reorganization,
to holders of old gen. mtge. bonds of 1889.

Guarantee Fund notes were authorized to the amount of $10,000,000, for the purpose of supplying the
company with needed working capital and protecting its liabilities, and $7,000,000 of them were subscribed
for by stockholders in Oct., 1888. These $7,000,000 notes were issued Nov. 1, 1888, and an additional $2,000,000
during the year ending June 30, 1891, the entire amount to mature Nov. 1, 1S91. But they were extended to
Nov. 1, 1893, holders receiving 1 p. c. bonus; and in 1893 they were further extended for 5 years, holders
receiving a bonus of 5 p. c., and principal and interest being made payable in gold. The notes are secured
by 1st mtge. on the original Atchison road, 470.58 miles, and by deposit of stock of the Chicago, Santa Fe
and California Ry. and terminal companies to an aggregate par value of more than $15,000,000. In Feb.,
1898, holders of these notes were offered the privilege of refunding them into 4 p. c. gen. mtge. gold bonds
of 1995, and $5,450,000 of them had been refunded to May 1, 1898. The remainder will be paid off at maturity
on Nov. 1, 1898, if not previously converted.

The equipment trust series A bonds are redeemable $250,000 yearly, the entire issue to be finally retired
on Jan. 1, 1902. A sufficient amount of new gen. mtge. bonds is reserved to take up these as they mature.
Interest is payable July and Jan. on all outstanding bonds until final maturity. The bonds are in denomina-
tions of $500 and $1,000.

All coupons are payable at the office of the company, 59 Cedar St., New York. Registrars of bonJs —
gen. mtge., Union Trust Co. of New York; adjustment mtge., Central Trust Co. of New York.

PROPRIETARY LINES OP THE ATCHISON, TOPEKA AND SANTA F6 RY. Co., THE EQUIP-
MENT, OPERATIONS, AND FINANCIAL ACCOUNTS OF WHICH ARE INCLUDED IN THOSE
OF THE CONSOLIDATED SYSTEM ON PAGES 276 AND 277 :

Gulf, Colorado and Santa Fe Ry.— Length
of lines (see mileage statement on p. 275), 1,087.60
miles. Rail (steel), 60 Ibs. Chartered May 28. 1873.
(See Manual for 1891, p. 23.) On May 1, 1897, the
Texas, Louisiana and Eastern RR., from Conroe,
Tex., to end of track, 29.6 miles, was purchased by
the "Atchison" and merged Into this railway. Stock
and bonds are all owned by the A., T. & S. F. Ry.

Co., and are deposited with the trustee under the
gen. mtge. of 1895. Aldace F. Walker, Chairman of
the Board. New York; E. P. Ripley, Pres.. Chicago;
A. C. Torbert. Sec. & Treas., Galveston, Tex. Gen-
eral Office, Galveston, Tex.

Southern California RR.— Length of lines
(see mileage statement on p. 276), 498.74 miles.
Consolidation, Nov. 7, 1889, of the Cal. Central Ry.,

282

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Cal. Southern RR., and the Redondo Beach RR. The
San Bernardino and Eastern and the Santa Fe and
Santa Monica Ry. Cos. were subsequently absorbed.
(See Manual for 1897, p. 275.) Capital stock— com-
mon, $6,752,000; preferred, $6,072,000; funded debt
(Cal.. So. RR. 1st mtge. 6s, $2,056,000; Cal. So.
RR. income 6s, $3,500,740; Cal. Cent. Ry. • 1st
mtge. 6s, $6,457,000; Red. Beach RR. Co., $270,000),
$12,283,740. The entire amount of the common
stock and of the Cal. So. Ry., Cal. Cent. Ry. and
Redondo Beach RR. 1st mtge. bonds, besides $3,046,-

800 of the preferred stock and $3,442,22« of the Cal.
So. Ry. income bonds are deposited with the trus-
tee under the gen. mtge. of the "Atchison" Com-
pany. For security of the bonds and other informa-
tion relating to stock and bonds, see Manual for 1896,
page 360. Aldace F. Walker, Chairman of the Board,
New York, N. Y. ; E. P. Ripley, Pres., Chicago, 111.;
Godfrey Holterhoff, Jr., Sec. & Treas., Los Angeles,
Cal.; L. C. Deming, Asst. Sec., New York, N. Y.
General Office, Los Angeles, Cal. Operating Office,
Los Angeles, Cal.

PROPRIETARY LINE OPERATED SINCE JTJLY 1, 1897, BY THE ATCHISON, TOPEKA AND

SANTA FE RY. Co.

Santa F£ Pacific RR.— Albuquerque, N. M..
to a point near The Needles, Cal. (including trackage
over 12.69 m. of the "Atchisoc," from Albuquerque
to Isleta June., N.M.), 576.18 m.; Mojave Div. South-
ern Pacific RR., near The Needles to Mojave, Cal.,
242.37 m.— total, 818.55 m. ; total track (steel, 818.55
m.), 904.07 miles. Rail, 56, 60 and 66 Ibs. Organ-
ized, June 16, 1897, according to act of Congress ap-
proved March 3, 1897, to take over and operate the
Western Division of the Atlantic and Pacific RR.
As stated in the Manual for 1896, p. 257, the 1st
mtge. 6 p. c. bonds secured on both the Central and
Western Divisions of the Atlantic and Pacific RR.
were deposited in trust with the Mercantile Trust
Co. of New York as security for an equal amount
($18,794,000) of guarantee trust 4 p. c. 50-yr. gold
bonds issued in 1887. These 4 p. c. bonds were
guaranteed, severally but not jointly, by the Atchi-
son, Topeka and Santa F6 RR. Co. and the St. Louis
and San Francisco Ry. Co. Default was made in the
payment of interest on them in Jan., 1894, and a
few months later a committee was formed to protect
the interests of the bondholders. On April 22, 1895,
the collateral securing the bonds (being the $18,794.-
000 1st mtge. 6 p. c. bonds referred to before) were
sold by auction for the sum of $1,900,000, the pur-

chaser being the chairman of the committee acting
in the interest of such of the holders of guarantee
trust bonds as had assented to the agreement for
mutual protection. In Jan., 1897, the $16,000,000 1st
mtge. bonds secured on the Western Division were
sold to the Atchison, Topeka and Santa F6 Ry. Co.
(see Manual for 1897, p. 275), and on May 3, 1897.
the mortgage was foreclosed and the property of the
division sold, the sale being confirmed on the follow-
ing day. (See page 276.) For information concerning
the Central Division of the Atlantic and Pacific RR..
see General Index for St. Louis and San Francisco
RR. Co. Rolling stock, June 30, 1897.— Locomotives.
101. Cars— passenger, 19; baggage, mail and express.
12; freight (box, 139; stock, 138; -flat, 368; coal,
1,102; caboose, 55), 1,802; other (8 leased), 82— total,
1,915. The capital stock of the Santa F6 Pacific RR.
Co. is $4,000,000, and the company has issued $16,-
000,000 of bonds, all of which securities are owned
by the Atchison, Topeka and Santa F6 Ry. Co. and
have been placed under that company's gen. mtge.
Aldace F. Walker, Chairman of the Board, New
York, N. Y. ; E. P. Ripley, Pres., Chicago, 111.;
Godfrey Halterhoff. Jr.. Treas., Los Angeles, Cal.; L.
C. Deming, Sec., New York, N. Y.

RAILROAD LEASED BY THE ATCHISON, TOPEKA AND SANTA FE RY. Co.

Silver City and Northern RR.— White-
water to San Jose, N. M., 14.6 m.; total track (steel;
40 Ibs.), 15.6 miles. Chartered Feb. 25, 1891; opened
from Whitewater to Hanover. N. M., 18.1 m., Oct.
1, 1891. Leased in March, 1897, to the Atchison,
Topeka and Santa F£ Ry. Co.. and operated by that
company since May, 1897. The section from San
Jose to Hanover, 3.5 m., has been abandoned. Loco-
motives, 2. Cars — combination, 1 ; caboose, 1. Fi-
nancial Statement, Jan. 1, 1897.— Capital stock

(shares, $100) authorized and paid in, $200,000;
funded debt (1st mtge. 5 p. c. 25-yr. $1,000 bonds,
due Nov. 15, 1920, interest May 15 and Nov. 15),
$180,000— total stock and bonds, $380,000. All pre-
vious Issues of bonds have been retired. Interest on
bonds payable at the office of the trustee, Knicker-
bocker Trust Co., New York, N. Y. C. Lawrence
Perkins, Pres. ; T. G. Condon, Vice-Pres. & Gen.
Mgr.; G. D. James, Sec. & Treas., New York, N. Y.
General Office, Hanover, N. M.

Board of Directors, The A., T. & S. F. Ry. Co., elected Dec. 9, 1897.
ALDACE F. WALKEK, Chairman of Board, 59 Cedar St., New York, N. Y.

Term expires Dec., 1898.

Aldace F. Walker New York, N. Y.

Edward P. Ripley Chicago, 111.

William Rotch Boston, Mass.

Cyrus K. Holliday Topeka, Kan.

Term expire* Dec., 1899.

H. RiemanDuval New York, N. Y.

Thorna? P. Fowler " "

Victor Morawetz " "

Charles S. Qleed Topeka, Kan.

Term expires Dec., 1900.

Edward J. Berwind New York, N. Y.

R. Somers Hayes "

George A. Nickerson, Boston, Mans.

Thomas A. Osborn Topeka, Kan.

Term expires Dec., 1901.

Edward N. Gibbs New York, N. Y.

George G. Haven "

Benjamin P. Cheney Boston, Mass.

EDWARD P. RIPLEY, President Chicago, III.

E. D. McKenna, 1st Vicc-President " "

Paul Morton, 2d Vice -President " "

Secretary and Treasurer— E. Wilder Topeka, Kan.

Asst. Secretary— I.. C. Deming New York. N. Y.

Asst. Treasurer— H.. W. Gardiner New York, N. Y.

Comptroller — John P. Whitehead "

General Auditor— 13.. C. Whitehead Chicago, 111.

PRINCIPAL OFFICE AND ADDRESS Topeka, Kan.

New York Office 59 Cedar St. | Chicago Office 77 Jackson St.

POORS MANUAL — ATLANTIC COAST LINE CO.

283

ATLANTIC COAST LINE COMPANY.

This company was organized May 29, 1889, under the laws of Connecticut. It owns or
controls a connected series of railroads extending from Richmond, Va., and Norfolk, Va., to
Wilmington, N\ C., Charleston, S. C., and Columbia, S. C., with numerous branches and ex-
tensions in the States named, the whole forming a system 1,494.17 miles in length, which is
operated under the name of the Atlantic Coast Line. The following statement shows the
termini and length of each of these railroads as of June 30, 1897:
Richmondand Petersburg BR.: Richmond, Va., to Petersburg, Va. 33.00 m.

James River Branch : Clopton to James River, Va ........... 4.50 m. — 27.50 miles.

Petersburg RR.: Petersburg, Va., to Weldon, N. C., and branch ............... 66.19 "

Norfolk and Carolina RR.: Tarboro', N. C., to Pinner's Point, Va. 100.49 m.

Sundry Branches (details on page 288) ....................... 10.84 m.— 111.33 "

Wilmington and WeldonRR.: Wilmington, N.C., to Weldon, N.C. 161.40 m.

Wilson and FayettevUle Branch : Contentnea, if.O. , to S. C. State

Line ........ .................................. . ...... 116.20 m.

Tarboro' Branch : Rocky Mount, N. C., to Plymouth, N. C ____ 67.71 m.

Scotland Neck Branch : Pender to Kinston, N. C .............. 85.82 m.

Washington Branch : Parmele to Washington, N. C .......... 25.39 m.

Nashville Branch ; Rocky Mount to Spring Hope, N. C ........ 19.20 m.

Clinton Branch : Warsaw to Clinton, S. C .................... 13.43 m,

Midland Branch : Goldsboro. N. C.. to Smithfield. N. C ....... 21.50 m.

Sundry Spurs ............................ .................. 10.20 m.— 520.85 "

WUm., Col. & Aug. RR.: Wilmington, N. C., to Columbia, S. C. 191.70 m.

W. & C. Branch : Conway, S. C., to Hub., N. C ............ . . 50.00 m.

Spurs to Mills and Factories ............................... 4.82m.— 246.52 "'

Florence RR.: N. C. State Line to Pee Dee Junction, S. C ..... 24.63 m.

Latta Branch : Latta to Clio, S. C. (incl. spurs, 0.90 m.) ...... 20.68 m.—

Northeastern RR.: Florence, S. C., to Charleston, S. C. (incl. spurs, 1.4 m.) ____

Cheraw and Darlington RR.: Florence to Wadesboro, S. C ...... 64.36 in.

Floyds to Hartsville, S. C ................................... 10.00 m.

Darlington to Gibson, S. C. (incl. spurs, 1.88 m.) ............. 38.52m.— 112.78

Manchester and Augusta RR.: Sumter, S. C., to Denmark, S. C. 64.31 m.

Darlington Branch : Sumter to Darlington, S. C ............. 37.64 m.

Pregnall's Branch : Creston to Pregnall's, S. C ............... 40.81 m.

Lucknow Branch : Elliott's to Lucknow, S. C ................ 16.48 m.

Ferguson Branch: Eutawville to Ferguson, S. C. (incl. spurs) 8.18 m. — 167.42

mi ^cr DD I Wilson's Mills to Summerton, S.C. 20.82m.

Wilson and SummertonRR. : , '

45.31
103.10

Merriam

«,

30 10 m _ go 93

Central RR. of 8. C.: Lanes to Sumter, S. C. (incl. spurs, 1.51 m.) ............. 41.71 "

Total length of lines, Atlantic Coast Line System, June 30, 1897 ........ 1,493.63 miles.

Added since June 30, 1897 (see p. 284), lines aggregating .................... 433.62 "

Total length of lines controlled, July 1, 1898 ......................... 1,927.25 miles.

A. — Mileage, capital account, and equipment, all lines, June 30, 1897 :

RAILROADS.

MILEAGE.

LIABILITIES.

Cost of
RR. and
Equip-
ment.

Engines.

CARS.

Total
RR.

Total
Track.

Steel
Rails.

Stock.

Bonds.

Total.

I

s>s

fl«

i

i

Central RR. of So. Car
Cheraw and Darlington . . .
Florence

M.

41.71
112.78
45.31
167.42
111.33
103.10
66.19
2J.50
246.52
520. a5
50.92

M.

43.68
119.91
50.03
181.33
134.83
124.07
75.63
38.65
272.38
597.96
51.44

M.

40.20
100.96
41.30
181.33
134.83
101.70
75.63
38.65
212.38
504.97

S

170,000
400,000
500,000
693,200
1,500,000
900,000
1,284,300
1,000,000
960,000
3,000,000
50,000

300,000
616,000
546,000
1,533,000
1.720,000
1,836,000
1,694,000
640,500
1.800,000
7,380,000
125,000

$

470,000
1,016,000
1,046,000
2,226,200
3,220,000
5,736.000
2,978,300
1,640,500
2,760.000
10,380,000
175,000

$

470,000
1,112,059
1,041,398
2,228,045
3,269.177
2,612,164
3,341,250
1,913,269
2,912,027
10,802,242
175,000

4
3
9
17
27
15
11
27
56
1

170

1
1
3
7
13
6
6
22
M
1

'"2

i

'"9

5
4

7
23

41

348
121
640
441
406
142
571
1,709

Manchester and Angnsta. .
Norfolk and Carolina
Northeastern

Petersburg

Richmond and Petersburg.
Wilm., Col. and Augusta..
Wilmington and Weldon. .
Wilson and Summerton. .

Totals, System

51

4,419

1,493.63

1,689.91

1,431.95

10,457,500

18,190,500

28,648,000

29,876,631

102

284

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

The interest of the Atlantic Coast Line Co. in the stock and bonds of these railroads is
shown in the General Balance Sheet on p. 285.

B. — Traffic operations and gross earnings, year ending June 30, 1897 :

RAILROADS.

Road
Worked.

TRAIN SERVICE.

PASS. TRAFFIC.

FREIGHT TRAFFIC.

GROSS EARNINGS.

Passen-
ger.

Freig't.

Passen-
gers.

Mileage.

Tons.

Ton-
Miles.

Passen-
ger.

Freight.

All
Sources

Central RR. ofS.C.
Cheraw & Darling'n
Florence

M.

41.71
112.78
45.31
167.42
111.33
103.10
66.19
27.50
246.52
520.85
50.92

M.

30,943
59,296
50,187
91,077
139,341
244,066
149,975
129,366
292,819
645,439
9,17?

M.

40,816
58,033
61,978
108,120
206,660
160,781
159,559
61,238
335.578
611,604
28,635

No.

42,047
44,694
65,901
«6,326
80,576
134,268
87,850
235,095
211,020
415,469

M.

1,106,674
810,852
1,275,315
l,70r,406
2,717,624
7,249,357
4,718,991
5,230,201
6,626,440
17,304,451

No.

150,747
75,092
266,013
168,432
465,296
308,103
541,465
538,973
471,769
858,340

M.

4,782,949
2,095,915
6,177,736
8,068,197
33.893.318
22,314,303
32,019,309
11,935,753
26,147,776
68,199,471

18,909
22,733
36,575
41,814
70,714
148,027
118,993
116,332
135,017
424,773
2,854

7u,971
114,965
114,698
142,076
389,378
313,742
383,980
195,057
511,394
1,235.290
27,012

94,833
147,426
175,069
202,523
558,054
532,528
559,292
391.213
697.258
1,854,006
35,523

Manches. & Aug'sta
Norfolk & Carolina
Northeastern

Petersburg.

Rich. & Petersburg.
Wilm., Col. & Aug.
Wilm'g'n & Weldon
Wilson & Sum'rton

Totals, System...

1,493.63

1,841,686

1,833,008

1,383,246

48,747,311

&844.230

215,634,727

1,136,741

3,498,562

5,247,725

C. — Net revenue and payments therefrom, year ending June 30, 1897 :

RAILROADS.

NET REVENUE.

PAYMENTS FROM AVAILABLE REVENUE.

Surplus
or
Deficit.

Net
Earnings .

Other
Re-
ceipts.

Total Av.
Revenue.

Interest
on
Bonds.

Total
Inter-
est.

Dividends.

Other
Ch'ges.

Total
Payments

Central RR. of So. Car.
Cheraw & Darlington. . .
Florence .%
Manchester & Augusta..
Norfolk & Carolina
Northeastern

35,649
52,869
97,066
62,469
205,283
188,763
261,038
158,736
193,954
765,165
16,159

$

$

35,649
54,057
97,066
63,352
206,939
222,770
269,517
163,296
225,498
820,198
16,159

$

«

$

p.C.

'3

12f

$

31,000
4,370
5,028
14,160
13,757
26,453
17,479

31,000
47,170
95,978
69,560
190,212
217,893
201.780
104,175
231,878
679,586
10,957

9

a. 4,649
f. 6,88'
s. 1,088
d. 6,208
K. 16,727
s. 4,877
*. 67,737
*. 59,121
d. 6,380
*.140.612
«. 5,202

1,188

" "883'
1,656
34,007
8,479
4,560
31,544
55,033

30,800
27,300
55,400
86,000
137,440
94,400
34,175
118,560
440,637
5,000

30,800
27,300
55,400
86,455
137,440
94,400
34,175
124,742
440,637
5,000

12,666

63,650

90,000
54,000
89,901
70,000
57,600
195,000
4,500

6
6

7
7
6
6i
9

Petersburg
Richmond & Petersburg
Wiml., Col. & Augusta.
Wilmington & Weldon.
Wilson & Summortoii..

Totals, System

49,536
43,949
1,457

2,037,151

137,350

2,174,501

1,023,712

1.036,349

636,651

207,189

1,880,189

s.294,312

Since the close of the fiscal year the following have been added to the properties controlled
by the company : Petersburg and Western RR. (formerly Petersburg and Asylum RR.), ex-'
tending from Petersburg, Va., to a connection with the Norfolk and Western Ry., 3.15 m.;
Wilmington and New Bern Ry. (formerly Wilmington, New Bern and Norfolk RR.), ex-
tending from Wilmington to New Bern, N. C., 87.25 m.; Charleston and Western Carolina Ry.
and its leased property, the Augusta Terminal Ry., the two owning about 343 miles of rail-
road. The Petersburg and Western RR. is now a branch of the Petersburg RR., and the
Wilmington and New Bern Ry. a branch of the Wilmington and Weldon RR. For informa-
tion concerning the Charleston and Western Carolina Ry., see page 296.

Operations, Atlantic Coast Line Co., year ending June 30, 1897. — No statement furnished.
On April 1, 1897, a dividend of 1J p. c., and on Oct. 1, 1897, one of 2 p. c. were paid on
$5,000,000 of capital stock. The company reports that the net earnings for the current
fiscal year will be sufficient to pay 5 p. c. interest on the certificates of indebtedness and
4 p. c. dividends on the capital stock.

POOR'S MANUAL — ATLANTIC COAST LINE CO.

285

General Balance Sheet, June 30, 1897.

ASSETS.

Stock, Richmond and Petersburg RR. Co., 6,871 shares at $100 $687,100 $687,100 00

Common Stock, Petersburg RR. Co., 6,155 shares at $100 615,500 615,500 00

Stock, Richmond, Fredericksburg and Potomac RR. Co., 6,758 shares at $100... 675,800 685.887 50

Stock, Cheraw and Darlington RR. Co., 6,754 shares at $50 337,700 335,459 00

Stock, Northeastern RR. Co., 16,819 shares at $50 840,950 840,950 00

Stock, Wilmington, Columbia and Augusta RR. Co., 32 shares at $100 3,200 3,750 00

Stock, Manchester and Augusta RR. Co., 6,432 shares at $100 643,200 257,280 00

Stock, Florence RR. Co., 5,000 shares at $100 500,000 500.000 00

Stock, Wilmington Ry. Bridge Co., 100 shares at $100 10,000 50,000 00

Stock, Norfolk and Carolina RR. Co., 9,975 shares at $100 997,500 997,500 00

Stock, Wilson and Summerton RR. Co., 250 shares at $100 25.000 25,000 00

Stock, Wilmington and Weldon RR. Co., 20,000 shares at $100 2,000,000 2,200,000 00

Stock, Pullman- Atlantic Coast Line Sleeping Car Association 67,082 67,082 00

$7,403,032 $7,265,508 50

Stocks of Other Companies, 507 shares; par value, $40,700 26,494 50

First Mtge. Bonds of Railroad Companies in the Atlantic Coast Line System 2,206,000 00

Bonds of Other Railroads and of Cities , 518,441 14

Bills Receivable , 244,433 50

Advances to Railroad and Other Companies 291,503 81

Real Estate and Building in Washington, D. C 135.000 00

Investments of Deposits for Renewal of Rails 27,498 20

Steel Rails Owned— Rented out to Firms and Individuals 18.619 64

Land 473 16

Cash on Deposit • 274,166 36

Total Assets $11,008,138 81

LIABILITIES.

Capital Stock— 50,000 shares at $100 $5,000,000 00

Certificates of Indebtedness 5,000,000 00

Insurance Fund 13,889 85

Deposits by Railroad Companies for Renewal of Rails 27,709 80

Profit and Loss 966,539 16

Total Liabilities $11,008,138 81

The certificates of indebtedness are authorized to the amount of $6,000,000, by resolu-
tion adopted at a regular meeting of the company, held Feb. 20, 1897. The $5,000,000 out-
standing were issued for the purpese of reducing the capital stock from $10,000,000 to the
present amount, while the remaining $1,000,000 are reserved for the general purposes of the
company. The certificates are irredeemable, save that they rank as a claim against the com-
pany in preference to its capital stock only. Interest is payable semi-annually, the first pay-
ment of 2| p. c. being made on Dec. 1, 1897. The rate is not to exceed 2£ p. c. semi-annually,
to be paid only if earned in each half year and to be non-cumulative; such interest to take
precedence of dividends on the stock only. The certificates are issued in denominations of
$100 and multiples thereof. They are in registered form, but are transferable on the books
of the company when an assignment is endorsed thereon.

It is provided that no mortgage can be made on the company's property without the con-
sent of at least two-thirds in amount of the certificates then outstanding, given at the meet-
ing of the stockholders at which such mortgage may be authorized, certificate holders to have
the right of casting one vote for every $100 of certificates held by them. It is also provided
that in case of any such mortgage being au'horized the holders of the certificates of indebt-
edness are to have the option of exchanging the-e at par in lots of $1,000 or multiples thereof
for the bonds or other evidences of indebtedness secured by such mortgage, it being required,
however, that the company shall be notified within sixty days after the date of the meeting
at which the mortgage may be authorized, of any desire to make such an exchange.

Board of Directors, Atlantic Coast Line Co., elected Feb., 1898.

Henry Walters Wilmington, N. C. | B. F. Newcomer Baltimore, Md. | W. G. Elliott . Wilmington, N. C.

A. Brandegee New London, Conn. | Michael Jenkins Baltimore, Md.

HENRY WALTERS, President. . » Wilmington, N. C.

B. F. Newcomer, Vice- President and Treasurer Baltimore, Md.

Secretary— W. G. Elliott Wilmington, N. C. | Assf. Treasurer— A.. Brandegee New London, Conn.

Asst. Secretary— Goodvrin Stoddard. ..Bridgeport, Conn.

PRINCIPAL OFFICE AND ADDRESS Bishop's Block, 371 Main St., Bridgeport, Conn;

286 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

ATLANTIC COAST LINE.— CENTRAL RR. OF SOUTH CAROLINA.

Line of Road.— Lanes, S. C., to Sumter, S. C 40.2 m.

Spars to Mills and Factories 1.51 m. — 41.71 miles.

Sidings, etc., 1.97 miles. Gauge, 4 ft. 9 in. Rail (steel, 40.2 m.), 56 Iba.

History.— Chartered March 8, 1881 ; road opeued April 1, 1882. Leased to the North-
eastern and the Wilmington, Columbia and Augusta RR. Cos., and operated on joint account.
Rental, $30,000 a year and $1,000 for organization expenses. From this rental are paid in-
terest on bonds and dividends of 7ia0 p. c. on the stock. Dividends payable Jan., April, July
and Oct., at Charleston, S. C. Rolling stock is supplied by the Northeastern RR. Co.

Operations, year ending June 30, 1897. — Train mileage — passenger, 30,948 ; freight,
40,816 ; other, 2,029 — total, 73,788 miles. Passengers carried, 42,047 ; carried one m.le,
1,106,674; average mile rate, 1.709 cents. Tons freight moved, 150,747 ; moved one mile,
4,782,949 ; average ton-mile rate, 1.484 cents. Earnings — passenger, $18,908.55 ; freight,
$70,970.75 ; mail, $3,666.78; express, $744.23 ; other, $542.49— total, $94,832.80. Expenses
— transportation, $39,186.92 ; maintenance of way, etc., $13,680.17 ; general and taxes,
$6,317.06— total, $59,184.15. Net earnings, $35,648.65. Paid lease rental, $31,000. Surplus,
$4,648.64.

Financial Statement, June 30, 1897 (Lessor).— Capital stock (par, $50), $170,000 ; funded
debt (1st mtge. 6 p. c. 40-yr. $1,000 gold coupon bonds, due July 1, 1921, interest Jan. and
July at office of Cuyler, Morgan & Co., New York), $300,000— total,, $470,000.

Directors.— S. S. Solomons, H. H. De Leon, L. L. Cohen, T. G. Main, Charleston, S. C.;
Morris K. Jesup, New York, N. Y.

S. S. SOLOMONS, President Charleston, S. C.

J. S. Cohen, Secretary and Treasurer " "

PRINCIPAL OFFICE AND ADDBESS 24 Broad Street, Charleston, S. C.

ATLANTIC COAST LINE — CHERAW AND DARLINGTON RR. CO.

f Florence, S. C., to Wadesboro. N. C 64.26 m.

T itiaa nf ttnfld • J Hartsville to Floyd's, S. C 10.00 m.

Lines of Road . ^ Darlington, S. C., to Gibson, N. C 36.64 m.

[ Spurs to Mines and Factories 1.88 m. — 112.78 miles.

Sidings, etc., 7.13 miles. Gauge, 4 ft. 9 in. Rail (steel, 100.96 m.), 45 and 56 Ibs.

History. — Chartered Dec. 19, 1849 ; road opened from Florence to Cheraw, 40 m., Nov.
29, 1853. The company purchased the Cheraw and Salisbury RR., from Cheraw to Wades-
boro, N. C. , Nov. 30, 1892 ; the Hartsville RR. , from Hartsville to Floyd's, S. C., Feb. 27, 1895,
and Division "A" of the Charleston and Northern RR., from Darlington, S. C., to Gibson, N.
C., on March 1, 1895. (See MANUAL for 1896, page 363.)

Rolling Stock, June 30, 1897. — Locomotives, 4. Cars — passenger, 3 ; combination, 4 ;
freight (box, 20; flat, 16 ; caboose, 5), 41— total cars, 48.

Operations, year ending June 30, 1897. — Train mileage — passenger, 52,841 ; freight,
45,123 ; mixed, 19,365 ; other, 3,316— total, 120,645 miles. Passengers carried, 44,694 ; car-
ried one mile, 810,852 ; average rate per mile, 2.803 cents. Tons freight moved, 75,092 ;
moved one mile, 2,095,915 ; average ton-mile rate, 5.483 cents. Earnings — passenger, $22,-
733.35; freight, $114,965.02 ; mail, $7,054.57 ; express, $733.51 ; other, $1,939.88— total
($1,307.20 p. m.), $147,426.33. Operating expenses— transportation, $46,022.28 ; equipment.
$7,737.21 ; maintenance of way, $33,778.29 ; general, $7,Cl9. 60— total ($838.42 per mile),
$94,557.38. Net earnings (36.54 p. c.), $52,868.95; other receipts, $1,188.10— total, $54,-
057.05. Payments: Interest on bonds, $30,800 ; dividends (3 p. c.), $12,000 ; taxes, $4,370. 14
—total, $47,170.14. Surplus, $6,886.91 ; surplus forward, $138,775.33— total, $145,662.24.
Dividends are payable yearly, on Dec. 1, at Cheraw, S. C.

Financial Statement, June 30, 1897.— Capital stock (par, $50), $400,000 ; funded debt
$616,000; current liabilities, $28,966.26; profit and loss, $145,662.24— total, $1,190,628.50.
Contra : Cost of property, $1,112.058.88 ; cash and current assets, $78,569.62— total, $1,190,-
628.50.

POOR'S MANUAL— ATLANTIC COAST LINE SYSTEM. . 287

Funded debt, June 30, 1897, consisted of $366,000 1st mtge. 5 p. c. 50-yr. coupon bonds, due April 1,
1938, interest April and Oct.; and $250,000 Charleston & Nor., Div. "A," 1st mtge. 5 p. c. 20-yr. $1,000
coupon bonds, due March 1, 1915, interest March and Sept., secured on line Darlington to Gibson. Trustee
of bonds: Safe Deposit and Trust Co., Baltimore, Md., at whose office interest is payable.

Directors (elected Nov. 24, 1897). — B. F. Newcomer, MichaelJenkins, Waldo Newcomer,
Baltimore, Md.; J. C. Marshall, Wadesboro, N.C.; H. D. Malloy, Cheraw, S. C.; J.J.Lucas,
Society Hill, S. C.; W. C. Coker, Darlington, S. C.; W. A. Oarrington, Society Hill, S. C.;
W. G. Elliott, J. F. Divine, Wilmington, N. C.

C. S. GADSDEN, President Charleston, S. C.

H. Walters, Vice-President Wilmington, N C.

Secretary & Treas.—C. C. Olney Charleston, S. C. | Gen. Manager— J. R. Kenley Wilmington, N. C.

PRINCIPAL OFFICE AND ADDRESS Charleston, S. C.

ATLANTIC COAST LINE— FLORENCE RR. CO.

Main Line of Road.— Pee Dee, S. C., to No. Carolina State Line. 24. 63 m.

Latta Branch : Latta, S. C., to Clio, S. C 19.78 m.

Spurs to Mines and Factories 0.90 m. — 45.31 miles.

Sidings, 4.72 miles. Gauge, 4 ft. 9 in. Rail (steel, 41.30 m.), 56 and 70 Ibs.

History. — Chartered Feb. 4, 1882 ; main line opened Oct. 23, 1883 ; Latta branch opened
May 31, 1892 ; extension from Dunbar to Clio, 3.16 m., on Sept. 4, 1895. This road was built
in the interest of the Atlantic Coast Line, which subscribed to and owns all of the outstand-
ing capital stock, and has advanced further sums toward the completion of the road.

Rolling Stock, June 30, 1897. — Locomotives, 3. Cars — passenger, 1 ; express, 2 ; freight
(box), 348— total, 351.

Operations, year ending June 30, 1897. — Train mileage — passenger, 41,961 ; freight, 45,-
526 ; mixed, 24,678 ; other, 1,488— total, 113,653 miles. Passengers carried, 65,901 ; carried
one mile, 1,275,315 ; average mile rate, 2.868 cents. Tons freight moved, 266,013 ; ton-miles,
6,177,736 ; average ton-mile rate, 1.857 cents. Earnings — passenger, $36,574.98 ; freight,
$114,698.10; mail and express, $15,924.90 ; other, $7,870. 70 ($3.863.79 permile)— total, $175,-
068.68. Operating expenses ($1,721.52 per mile), $78,002.01. Net earnings (55.44 p. c.), $97,-
066.67. Payments : Interest, $27,300 ; dividend (10 p. c.), $63,650.08 ; taxes, $5,027.34— total,
$91,977.42. Surplus, $1,089.25 ; surplus forward, $76,703.58— total, $77,792.83. Dividends
are payable yearly, on Dec. 1, at Wilmington, N. C.

Financial Statement, June 30, 1897.— Capital stock (par, $100), $500,000 ; funded debt
(1st mtge. 50-yr. 5 p. c. $1,000 gold coupon bonds, due in 1942, interest Jan. and July, at
trustee's office), $546,000 ; current liabilities, $23,402.54 ; profit and loss, $77,792.83— total,
$1,147,195.37. Contra : Cost of road, $814,398.41 ; rolling stock, $227,000 ; cash and current
assets, $105,796.96— total, $1,147,195.37. Trustee of bonds: Safe Deposit and Trust Co.,
Baltimore, Md. Under a traffic contract entered into Dec. 8, 1893, this company, jointly with
six others controlled by the Atlantic Coast Line Co., guarantees interest on the main line
bonds of the Manchester and Augusta RR. (see page 288).

Directors (elected Nov. 24, 1897).— W. G. Elliott, H. Walters, Wilmington, N. C.; B.
F. Newcomer, Michael Jenkins, Baltimore, Md.; W. A. Riach, Wilmington, N. C. ; J. T.
Barren, Columbia, S. C.

W. G. ELLIOTT, President Wilmington, N. C.

H. Walters, Vice- President

Sec. <t Treas.—S. F. Post, Jr Wilmington, N. C. | Gen. Manager— J. K. Kenly Wilmington, N. C.

PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.

ATLANTIC COAST LINE — MANCHESTER AND' AUGUSTA RR. CO.

Main Line of Road. — Sumter to Denmark, S. C .64.31 m.

Darlington Branch : Sumter to Darlington, S. C 37.64 m.

Pregnall't Branch : Creston to Pregnall's, S. C 40.81 m.

Lucknow Branch : Elliott's to Lucknow, S. C 16.48 m.

Ferguson Branch : Eutawville to Ferguson, S. C 6.16 m.

Spurs to Mills and Factories 2.02 m.— 167.42 miles.

Sidings, etc., 13.91 miles. Gauge, 4 ft. 9 in. Rail (steel), 56, GO and 70 Ibs.

288 POOR'S MANUAL OF RAILROADS— RAILROAD " SYSTEMS."

History. — Chartered Nov. 20, 1886 ; main line opened as above on Aug. 1, 1894. (See
MANUAL for 1895, page 309.) On March 1, 1895, Division fl B " of the Charleston and Northern
RR. (Darlington and Ferguson Branches and 34.6 m. of Pregnall's Branch, from Elloree to
Pregnall's ; in all 78.4 m.) was purchased, and $423,000 of its bonds assumed, and in Nov.,
1895, the South and North Carolina RR., from Elliott's to Lucknow, was purchased. (See
MANUAL for 1896, page 370.) The extension of the Pregnall's Branch from Elloree to Cres-
ton, 6.21 m., was opened Sept. 9, 1895.

Rolling Stock, June 30, 1897. — Locomotives, 9. Cars — passenger, 2 ; combination, 1 ;
express, 1 ; freight (box, 99 ; flat, 22), 121— total cars, 125.

Operations, year ending June 30, 1897. — Train mileage — passenger, 74,592 ; freight,
75,151 ; mixed, 49,454 ; other, 5,433— total, 204,630 miles. Passengers carried, 66,326 ; car-
ried one mile, 1,707,406 ; average mile rate, 2.45 cents. Tons freight moved, 168,432 ; moved
one mile, 8,068,197. Average ton-mile rate, 1.76 cents. Earnings — passenger, $41,814.28 ;
freight, $142,074.61 ; mail and express, $17,715.97 ; other, $918.20— total ($1,209.67 per mile),
$202,523.06. Operating expenses ($836. 54 per mile), $140,054.15. Net earnings (30.84 p. c.),
$62,468.91 ; other receipts, $882.64— total, $63,351.55. Payments : Interest on bonds, $55,-
400 ; on C. & N. RR. bonds, $17,000 ; taxes, $14,160.22— total, $86,560.22. Deficit, $23,208.67;
deficit forward, $97,934.87 — total, $121,143.54. Less advances to pay Sept., 1896, and March,
1897, coupons of C. & N. RR. bonds (W., C. & A. RR., $12,560 ; N. E. RR., $4,440), $17,003;
coupon guarantee fund, $35,481.30— total, $52,481.30. Net deficit, June 30, 1897, $68,662.21.

Financial Statement, June SO, 1897.— Capital stock (par, $100), $693,200 ; funded debt
(1st intge. 5 p. c. 50-yr. $1,000 gold coupon bonds, due Jan. 1, 1943, interest Jan. and July,
$1,108,000; C. & N. Div. "B" 1st mtge. 5 p. c. 20-yr. $1,000 gold coupon bonds, due 1915,
interest March and Sept., $425, 000), $1,533,000; current liabilities, $128,982.22— total, $2,355,-
182.22. Contra: Cost of property, $2,228,045.28 ; cash and current assets, $58,474.70; profit
and loss, $68,662.24— total, $2,355,182.22.

The 1st mtge. lands are secured on the main line* the Lucknow Branch, and the extension of the Preg-
nall's Branch. They are limited in issue to $15,000 p. m. and $200,000 for terminals. Under a joint traffic
contract, the Richmond, Fredericksburg and Potomac, the Richmond and Petersburg, the Petersburg, the
Norfolk and Carolina, the Wilmington and Weldon, the Wilmington, Columbia and Augusta, and the Florence
RR. Cos., set apart monthly 20 p. c. of gress receipts from traffic with this railroad to make up any deficiency
in interest on M. & A. RR. bonds. The Atlantic Coast Line guarantees principal and interest of these bonds,
such guarantee being subject to the traffic agreement as above.

The Charleston and Northern Div. bonds are secured on the 78.7 m. purchased at foreclosure sale from
the Charleston, Sumter and Northern RR. Co., and are guaranteed by the M. & A. RR. Co. They are addi-
tionally secured by the guarantee of the Northeastern RR. Co. on $111,000 of them and by that of the Wil-
mington, Columbia and Augusta RR. Co. on $314,000. Trustee of bonds: Safe Deposit and Trust Co., Balti-
more, Md.

Directors (elected Nov. 24, 1897).— W. G. Elliott, H. Walters, W. A. Riach, Wilming-
ton, N. C.; B. F. Newcomer, Michael Jenkins, Baltimore, Md.; J. T. Barron, Columbia, N. C.

W. G. ELLIOTT, President Wilmington, N. C.

H. Walters, Vice-President " "

8tc. <t Treat.— Jas. P. Post, Jr Wilmington, N. C. | Gen. Man.—J. R. Kenly Wilmington, N. C.

PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.

ATLANTIC COAST LINE.— NORFOLK AND CAROLINA RR. CO.

Main Line of Road.— Pinner's Point, Va., to Tarboro', N. C 100.49 m.

Pig Point Branch : Bruce to Pig Point and Belleville, Va 6.53 m.

Bennett's Pasture Branch : Driver to Bennett's Pasture, Va 1.55 m.

Portsmouth Branch : S. & R. RR. Junction to Armisteads, Va 1.13 m.

Spurs to Mills and Factories 1.63 m.— 111.33 miles. I

Sidings, etc., 23.50 miles. Gauge, 4 ft. 9 in. Rail (steel), 45, 56 and 70 Ibs.

History. — Chartered Feb. 14, 1889, as successor to the Chowan and Southern RR. Co.
road opened throughout, April 1, 1890. (See MANUAL for 1891, page 804.) Under acontr
dated Jan. 1, 1896, the Southern Ry. Co. uses this company's line from Tarboro' to Pinner's:
Point, and terminals at Pinner's Point.

Rolling Stock, June 30, 1897. — Locomotives, 17. Cars — passenger, 4; combination,

POOR'S MANUAL — ATLANTIC COAST LINE SYSTEM.

289

freight (box, 181 ; flat, 113 ; cabopse,-19 ; logging, 327), 640; other cars, 15— total cars, 662.
The company also owns one tug-boat, one passenger barge and seven freight barges.

Operations, year ending June 30, 1897. — Train mileage — passenger, 139,341 ; freight,
206,660 ; other, 76,941— total, 422,942 miles. Passengers carried, 80,576 ; carried one mile,
2,717,624; average mile-rate, 2.60 cents. Tons freight moved, 465,296; moved one mile,
33,893,318; average ton-mile rate, 1.15 cents. Earnings — passenger, $70,714.17 ; freight,
$389,378.22; mail, $6,480.96; express, $3,580.16; other, $87,900.72— total, $558,054.23. Oper-
.ating expenses — transportation, $185,581.89 ; maintenance of equipment, $53, 432.18 ; main-
tenance of way, etc., $88,377.81 ; general, $25,379.40— total, $352,771.28. Net earnings,
$205,282.95; other receipts, $1,655.97— total, $206,938.92. Payments : Interest on bonds,
$86,000; on debt, $454.72; dividends (6 p. c.), $90,000; taxes, $13,757.38— total, $190,212.10.
Surplus, $16,726.82; surplus forward, $94,413.62— total, $111,140.44. Dividends are payable
yearly at the office of the treasurer.

Capital stock, bonded debt, gross and net revenues, etc., for seven fiscal years:

1891

Capital
Stock.

S

...1,500,000

Bonded
Debt.

8
1,320,000

Cost and
Invest-
ments.

S

2,868,505

RR.
Oper-
ated.
Miles.
109.70

Gross
Earn-
ings.

281,495

Net
Earn-
ings. '

44,349

Total
Net (
ievenue.

48,221

Interest
Charges.

S
33,000

Divi-
dends.

S

Total
Pay-
ments.

$

33.000

Balance
(+or-).

$

+ 15,221

1892^

! 1^500,000

1,320,000

2,917,638

109.70

306.650

65,032

69.007

71,222

71,222

-2,215

1893.

.1,500,000

1,320,000

2,917,038

109.70

3ti4.0-.2S

73,140

74,^29

71,881

71,881

+ 2,748

1894!

! 1,500, 000

1,320.000

2,936.094

109.70

357,802

68,122

69,151

71,881

71,881

-2,730

1895

'l 500 000

1 330 000

2,997254

109.70

392,332

106.552

108 54fi

72 'ISO

72,980

+ 33,566

1896'.

!l,500.000

1,620,000

3,259,197

111.26

492.412

174.982

176.233

80.309

45.000

125,309

+ 50,924

1897.

.1,500,000

1,720,000

3,269,177

111.33

558,054

191,526

193,182

86,455

90,000

176,455

+ 16,727

Financial Statement, June 30, 1897.— Capital stock (par, $100), $1,500,000; funded debt
(1st mtge. 5 p. c. 50-yr. $1,000 coupon bonds, with provision for registration, due April 1,
1935, interest April and Oct., authorized at rate of $12,000 p. m., but not to exceed $1,500,-
000 ; outstanding, $1,320,000 ; 2d mtge. 5 p. c. 50-yr. $1,000 coupon bonds, due Jan. 1, 1946,
interest Jan. and July, $400,000), $1,720,000 ; current accounts, $94,277.72; profit and loss,
$111,140.44— total, $3,425,418.16. Contra: Cost of road and equipment, $3,269,177.25 ; cash
and current assets, $156,240.91— total, $3,425,418.16.

Trustee of bonds: Central Trust Co., New York, N. Y., at whose office coupons are payable. The 2d
mtge. bonds were issued to meet the cost of additions and improvements, including the cost of replacing the
terminals leased to the Southern Ry. Co., and to pay off the floating debt.

Under a traffic contract, made Dec. 8, 1893, this company, jointly with others controlled by the Atlantic
Coast Line, guarantees interest on the main line bonds of the Manchester and Augusta RR. Co. (See pagu 288.)

Directors (elected Nov. 21, 1897). — B. F. Newcomer, H. Walters, Michael Jenkins, Balti-
more, Md. ; Samuel Spencer, New York, N. Y.; Waldo Newcomer, Baltimore, Md.; C. W.
Grandy, Norfolk, Va.

W. Q. ELLIOTT, President Wilmington, N. C.

H. Walters, Vice- President " "

Secretary & Treasurer— C. G. Elliott Norfolk, Va. I Gen. Auditor— W. A. Riach Wilmington, N. C.

General Manager — G. M . Serpell " | Asst. Auditor — Spencer Le Grand Norfolk, Va.

PRINCIPAL OFFICE AND ADDRESS Norfolk, Va.

ATLANTIC COAST LINE.— NORTHEASTERN RR. CO.

Line of Road.— Charleston, S. C., to Florence, S. C 101.70 m.

Spurs to Mills and Factories 1.40 m. — 103.10 miles.

Sidings, etc., 20.97 miles. Gauge, 4 ft. 9 iu. Rail (steel, 101.70 m.), 56 and 70 Ibs.

History.— Chartered Dec. 16, 1851; road opened Nov. 10, 1856. The Central RR. Co. of
S. C. (which see) is leased jointly by this company and the Wilmington, Columbia and Au-
gusta RR. Co. Controlled by the Atlantic Coast Line, and road operated as part of the main
line of that system.

Rolling Stock, June 30, 1897. — Locomotives, 27. Cars — passenger, 10 ; combination, 3 ;
baggage, express and postal, 9; freight (box, 247; flat, 166; stock, 5; caboose, 23), 441; other
cars, 4— total, 467.

Operations, year ending June 30, 1897. — Train mileage — passenger, 244,066 ; freight,
160,781 ; other, 92,466— total, 497,313 miles. Passengers carried, 134,268 ; carried one mile,
19

290

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

7,249,357 ; average mile rate, 2.04 cents. Tons freight moved, 308,103 ; moved one mile,
22,314,303; average ton-mile rate, 1.406 cents.

Earnings— Passenger $148,027 33

Freight 313,741 96

Mail and Express 59,359 77

Miscellaneous 11,399 33

Expenses— Conducting Transportation $201,918 98

Maintenance of Equipment 44,620 77

Maintenance Way, etc 77,944 48

General and Taxes 45,733 56

Total ($5,165.16 per mile) $532,528 39 Total ($3,590.86 per mile) $370,217 79

Net earnings (30.48 p. c.), $162,310.60 ; interest, dividends, and rents, $31,632.89; Cen-
tral RR. (one-half income), $2,324.33 ; other receipts, $50— total income, $196,317.81. Paid
interest on bonds, $133,000; on C. & N. RR. bonds, $4,440; dividends Nos. 23 and 24 (6 p. c.),
$.-)4, 000— total, $191,440. Surplus, $4,877.81 ; surplus forward, $197,459.38— total, $202,-
337.19. Less old account closed to profit and loss, $387.86 ; depreciation in value A. C. L.
sleeping cars, $3,486; premium on $8,000 South Carolina State bonds purchased, $740 — total,
$4,613.86. Net surplus, June 30, 1897, $197,723.33. Dividends are payable Jan. and July
at Charleston, S. C.

Capital stock, bonded debt, gross and net revenues, etc. , for eight fiscal years !

1890...

Capital
Stock.

$

900,000

Bonded
Debt.

9

1,836,025

Cost and
Invest-
ments.

2,766;364

RR.
Oper-
ated.
Milet.
102.00

Gross
Earn-
ings.

$
676,062

Net
Earn-
ings.

$
217,332

Total

Net ,
Kev.

$

259,209

Interest
Charges.

$
133,000

Divi-
dends
Paid.

$

54,000

Total
Pay-
ments, i

$
237,000

Balance

>or-)

9
+ 22,20!)

1891

. . . . 900,000

1,836,025

2,707,478

102.00

734.643

298,346

335,575

133,000

54,000

252,349

+ &3, 22ii

1892

900,000

1,836,025

2,713,599

102.00

659,257

158,845

194,289

133,000

54,000

187,000

+ 7,289

1893

900,000

1.836,025

2,581, 139

102.00

620,307

168,402

205,545

133,000

54,000

190,877

+ 14,668

1894

. . . . 900,000

1,836,025

2,581,139

102.00

562,263

133,425

169,580

133,000

54,000

190,914

-21,334

1895

.... 900,000

1,836,000

2,700,869

101.70

525,402

107,607

142,309

133,000

27,000

164,086

-21,777

1896

900,000

1,836,000

2,753,579

103.10

543,864

203,780

226,839

133,000

27,000

195,682

+ 31,157

1897 ..

,. 900,000

1,836,000

2,758.093

103.10

532,528

162,311

196,318

137,440

54,000

191,440

+ 4,878

General Balance Sheet, June 30, 1897.

Cost of Road, Equipment, etc $2,612,164 17

Stocks and Bonds Owned 145,929 00

Current Accounts 136,485 91

Cash on Hand 86,299 49

Consol. Mtge. Bonds in Treasury 37,000 00

Total Assets '. $3,017,878 57

Common Stock (par, $50) $900,00000

Funded Debt Outstanding (see below) . . . 1,836,000 00

Current Liabilities 84,155 24

Profit and Loss 197,723 33

Total Liabilities $3,017,878 57

Funded debt ($1,836,000) outstanding, June 30, 1897, consisted of—

1st mtge. 8 p. c. 30-yr. $500 coupon bonds, due Sept. 1, 1899, interest March and Sept $820,000 00

2d mtge. 8 p. c. 30-yr. $500 coupon bonds, due Sept. 1, 1899, interest March and Sept 322,000 00

Consol. mtge. 6 p. c. 50-yr. $1,000 gold coupon bonds, due Jan. 1, 1933, interest Jan. and July 694.000 00

The company guarantees the bonds of the Ashley River RR. (see GENERAL INDEX), and also $111,000 Divi-
sion " B " and $125,000 Division " C " 4 p. c. bonds of the Charleston and Northern RR. Co. These latter
are among the bonds assumed by the Wilson and Summerton and Manchester and Augusta Cos. The guarantee
by this company is given as additional security.

Of the consol. mtge. bonds ($1,836,000 auth.), $1,142,000 are deposited with the Metropolitan Trust Co.,
New York, to retire 1st and 2d mtge. bonds. Interest on 1st and 2d mtge. bonds payable at the company's
office, Charleston, S. C. ; on the consols, at the office of Cuyler, Morgan & Co., New York, N. Y.

Stocks and Bonds Owned. — Cheraw and Darlington RR. stock, $100; Columbia, Newberry and Laurens
Ry. stock, $5,001; A. C. L. Sleeping Car Assn., $42,828; South Carolina State bonds, 4J p. c., $8,000; Cheraw
and Darlington RR. bonds, $90,000— total, $145,929.

Directors (elected Nov. 21, 1897). — B. F. Newcomer, Michael Jenkins, Baltimore, Md. ;
H. Walters, Wilmington, N. C.; H. B. Plant, New York, N. Y.; C. O. Witte, Charleston,
S. C. ; W. G. Elliott, Wilmington, N. C.

C. S. GADSDEN, President Charleston, S. *C.

H. Walters, Vice- President Wilmington, N. C.

Sec. & Treas.— C. C. Olney Charleston, S. C. | Gen. Manager— J. R. Kenly Wilmington, N. 0.

PRINCIPAL OFFICE AND ADDRESS Charleston, S. Cl

ATLANTIC COAST LINE.— PETERSBURG RR. CO.

Main Line of Road.— Petersburg^ Va., to Weldon, N. C 60.44 m.

Branch : Connecting near Petersburg with R. & P. RR 5.75 m.— 66.19 miles.

Sidings, 8.89 miles. Gauge, 4 ft, 9 in. Rail (steel), 56 and 70 Ibs.

History.— Chartered Feb. 16, 1830 ; road opened in 1833. The branch was opened April
24, 1895. Included in the main line are 2 m. of the Seaboard and Roanoke RR., between
Garysburg June, and the railroad shed at Weldon, used at a monthly rental of $469.34, arid

POOR'S MANUAL — ATLANTIC COAST LINE SYSTEM.

291

one-half cost of maintenance, etc. Controlled by the Atlantic Coast Line, and operated as
part of the main line of that system.

Rolling Stock, June 30, 1897. — Locomotives, 15. Cars — passenger, 6; baggage, etc., 5;
freight (box, 325 ; flat, 77 ; stock, 4), 406 ; caboose, 14 ; gravel, 9 — total cars, 440.

Operations, year ending June 30, 1897. — Train mileage — passenger, 149,975 ; freight,
159,559 ; switching, 29,270 ; work, 18,396— total, 357,200 miles. Passengers carried, 87,850;
carried one mile, 4,718,991; average mile rate, 2.52 cents. Tons freight moved, 541,465;
moved one mile, 32,019,309; average ton-mile rate, 1.20 cents.

Earnings— Passenger $118,99292

Freight 383,98001

Mail and Express 54,37951

Miscellaneous 1,939 21

Expenses— Conducting Transportation $185,589 83

Main tenance of Equipment 49,848 78

Maintenance Way ana Buildings. 47,389 87
General and Taxes 31,077 24

Total ($8,381 .41 per mile) $559,291 65 Total ($4,704.11 per mile) $313,905 72

Net earnings (44.05 p. c.), $245,385.93 ; add other receipts, $8,478.94— total, $253,864.87.
Payments : Interest on bonds, $94,400 ; dividends (7 p. c. on preferred, $22,645 ; 7 p. c. on
common stock, $67,256), $89,901 ; other charges, $1,827— total. $186,128. Surplus, $67,-
736.87 ; surplus forward, $357,933.84— total, $425,670.71. Dividends are payable Jan. and
July at Richmond, Va.

General .Balance Sheet, June 30, 1897.

Cost of Road and Equipment $3,109,381 66 Common Stock (par, $100) $960,800 00

Atlantic Coast Line Sleeping Car Trust.. 22,446 00 Preferred Stock (par, $100) 323,500 00

Other Permanent Investments 231,868 48 Funded Debt 1,694,000 00

Due by Agents 3,20501 Accounts and Vouchers 25,80459

Cash on Hand 180,474 54 Dividends and Coupons Unpaid 73,359 00

Wages and Salaries 10,447 88

Due to Railroads and Others 33,793 51

Profit and Loss 425,670 71

.$3,547,375 69

Total Assets $3,547,375 69 Total Liabilities.

Funded debt outstanding June 30, 1897 :

1st mtge. 8 p. c. coupon and registered bonds, issued 1861, due Jan. 1, 1898, interest Jan. and July.. $26,000

Class A, 5 p. c. 45-yr. bonds, due July, 1926, interest Jan. and July 868,000

Class B, 6 p. c. 45-yr. bonds, due Oct., 1926, interest April and Oct 800,000

The 1st mtge. bonds were paid off at maturity, Jan. 1, 1898. The authorized issue of Class A bonds is
$1,000,000, and sufficient of them are held in the treasury for retirement of the Ists. Interest on A and B
bonds payable at Richmond, Va., or New York, N. Y.

Under a traffic contract, entered into Dec. 8, 1893, this company and six others controlled by the Atlan-
tic Coast Line jointly guarantee interest on the main line bonds of the Manchester and Augusta RR. (see
page 288).

Capital stock, bonded debt, gross and net revenues, etc., for eight fiscal years :

Capital
Stock.

Bonded
Debt.

Cost and
Invest-
ments.

RR.
Oper-
ated.

Gross
Earn-
ings.

Net
Earn-
ings. 1

Total
Net
Revenue.

Interest
Charges.

Divi-
dends
Paid.

Total

P»y-(

ments.v

Balance
+ or — ).

$

$

8

Miles.

$

S

$

$

$

S

S

1890

1,323,500

1,698,000

3.122,153

61.00

498,917

163,818

169,560

104,036

9,705

113,741

+55,819

1891

1,323,500

1,667,000

3,122,153

60.44

527,644

182,344

189,775

97,841

38,529

136,369

+ 53*406

1892

1,284,300

1,642,000

3,082,953

60.44

532,672

223,906

223,906

96,817

67,353

164,170

+59,736

1893

... 1,284,300

1,618,000

3,086,838

60.44

548,030

200,686

202.401

93,570

77,058

170,628

+31,773

1894

1,284,300

1,593,000

3,086,838

60.44

507,999

152,982

156.040

91,610

70,637

162,247

— 6 207

1895

1,284,300

1.743,000

3,307,758

66.18

512,986

187,436

200,337

96,400

77,058

173,912

+ 26,425

1896

... 1,284,300

1,718,000

3,316,649

66.73

588,763

244,526

247,144

96,400

89,901

186,301

+ 60,843

1897

1,284,300

1.694,000

3.363,696

66.73

559,291

245,386

253.8G5

94,430

89,901

186,128

+ 67,737

Petersburg- and "Western RR.— Peters-
burg, Va., to June. N. & W. RR., 3.15 miles. Rail
(steel), 50 Ibs. Gauge, 4 ft. 8J In. Chartered as
Petersburg and Asylum RR. Co., Jan. 24, 1888;
opened Nov. 7. 1888. Receiver appointed Feb. 7,
1894. Road sold In Sept., 1896, to the Petersburg
RR. Co., and name subsequently changed to P. & W.
RR. Operated as a branch of the Petersburg RR.,

but operations not Included In the accounts of that
road prior to June 30, 1897. Locomotive, 1. Cars —
passenger, 2; flat, 1— total, 3. Operations, year end-
Ing June 30, 1897.— Earnings (passenger, $1,342 ;
freight, $1,368), $2,728. Operating expenses and
taxes, $3,503. Deficit, $775. (See Manual for 1897,
page 167, for Petersburg and Asylum RR.)

Board of Directors, Petersburg RR. Co., elected Nov. 15, 1897.

B. F. Newcomer . . . .Baltimore, Md. | Michael Jenkins Baltimore, Md. | Henry Walters . . .Wilmington, N. C.

D. W. Lassiter Petersburg. Va. | Fred. R. Scott Richmond, Va.

WARREN G. ELLIOTT, President Wilmington, N. C.

H. Walters, Vice- President " "

Secretary & Treasurer — W. R. Jones.. .Richmond, Va. I General Auditor — W. A. Riach Wilmington, N. C.

General Manager — J . R. Kenly Wilmington, N. C. | Asst. Auditor — R. A. Williams Richmond, Va.

PRINCIPAL OFFICE AND ADDRESS ,,,,,,,,,,,. Richmond, Va.

292

POOR'S MANUAL OP RAILROADS— RAILROAD "SYSTEMS.'

ATLANTIC COAST LINE.— RICHMOND AND PETERSBURG RR. CO.

Main Line of Road. — Richmond, Va., to Petersburg, Va 23.00 m.

James River Branch: Clopton, Va., to James River, Va 4.50 m. — 27.50 miles.

Sidings, etc., 11.15 miles. Gauge, 4 ft. 9 in. Rail (steel), 70 Ibs.

History. — Chartered March 14, 1886 ; main line completed Sept. 17, 1838 ; branch Hue,
Feb. 2, 1891. Controlled by the Atlantic Coast Line, and operated as part of the main line
of that system.

Rolling Stock, June 30, 1897. — Locomotives.il. Cars — passenger, 5 ; combination, 1;
baggage, mail and express, 4 ; freight (box, 117 ; flat, 14 ; stock, 4 ; caboose, 7), 142; other,
1— total, 153.

Operations, year ending June 30, 1897. — Train mileage — passenger, 129,366 ; freight,
61,238; other, 135,015— total, 325,619 miles. Passengers carried, 235,095; carried, one mile,
5,230,201. Tons freight moved, 538,973; moved one mile, 11,935,753.

Earnings— Passenger $116,332 42

Freight 195,05667

Mail and Express 85,159 86

Miscellaneous 54,663 68

Total ($14,225.91 per mile) $391,212 63

Expenses— Conducting Transportation $151,566 09

Maintenance of Equipment 33.850 04

Maintenance Way and Buildings 34,418 30

General 12,642 36

Total ($8,453.70 per mile) $232,476 79

Net earnings (40.58 p. c.), $158,735.84; add rents and interest, $4,560.40— total, $163,-
296.24. Paid interest on bonds, $34,175 ; dividends (Jan. and July, 3£ p. c. each), $70,000—
total, $104,175. Surplus, $59,121.24 ; surplus forward, $320,468.94— total, $379,590.18. De-
duct for depreciation in value of A. C. L. sleeping cars, $630. Net surplus, June 30, 1897,
$378,960.18. Dividends are payable Jan. and July at Richmond, Va.

Capital stock,

bonded debt, gross and net revenues,

Capital
Stock.

Bonded
Debt.

Cost and
Invest-

RR.
Oper-

Gross
Earn-

Net
Earn- '

ments.

ated.

ings.

ings.

$

$

$

ffilet.

|

1

1890

1,000,000

400,000

1,773,337

22.50

325,304

100,822

1891

1,000000

680,000

1,830,3%

27 50

325,269

70,420

1892.

1,000,000

• 680,000

1,880,268

27.50

369,478

126,328

1893.

1,000,000

680,000

1,885,208

27.50

401,435

146,869

1894

1,000,000

678,000

1,906,295

27.50

366,708

119,585

1895.

1,000,000

659,500

1.906,485

27.50

374,925

123,363

1896

1,000,000

640,500

1,907,085

27 50

408403

155 926

1897 ,

,,, 1,000,000

640,500

1,913,309

27.50

391,213

158,736

etc., for eight fiscal years'.

Divi- Total
dends Pay-
Paid, ments.

70,000 98,238

70,000 107,969

70,000 106,600

70,000 106,600

65,000 102,435

65,000 100,878

70,000 104,745

70,000 104,175

Npt°Rpv Interel*t

enn* T Charges

117,989 28,238

93,123 37,969

135,348 36,601)

152,141 36,600

125,679 36,540

128,306 35,878

161,713 34,745

163,296 34,175

Balance

*

+ 19,751
-14,846
+28,748
+45,541
+ 23.244
+ 27.428
+ 56,968
+ 59,121

General Balance Sheet, June 30, 1897.

Cost of Road and Property $1,913,268 91

A. C. L. Sleeping Car Trust 7,740 00

Due by Agents 26,069 00

Due by Railroads and Others 163,168 23

Cash on Hand 133,669 19

Total Assets / $2,243,915 33

Capital Stock (par, $100) $1,000,000 00

Funded Debt Outstanding 640,500 00

Due to Railroads and Others 160,087 05

Unpaid Wages 11,165 27

Accounts Payable 7,284 83

Unpaid Dividends and Coupons 35,918 00

Rails Renewal 10,000 00

Profit and Loss 378,960 18

Total Liabilities $2,243,915 33

Funded debt ($640,500) consisted June 30, 1897, of—

Consolidated mtge. 7 p. c. 40-yr. $500, etc., bonds, due May 1, 1915, interest May and Nov $24,500

Consolidated mtge. 6 p. c. 40-yr. $500, etc., bonds, due May 1, 1915, interest May and Nov 316,000

Consolidated mtge. 4i p. c. 50-yr. $1,000 gold bonds, due April 1, 1940, interest April and Got 300,000

The authorized amount of consol. 4J p. c. bonds is $1,000,000, of which $400,000 are reserved to retire the
bonds of 1915. The consols of 1915 are secured on the main line; the consols of 1940 are a first lien on the
branch and second lien on the main line. Interest on consols of 1915 payable at the company's office, Rich-
mond, Va; interest on consols of 1940, at the office of Brown Brothers, New York, N. Y.

Under a traffic contract, entered into Dec. 8, 1893, this company jointly with six others controlled by the
Atlantic Coast Line, guarantees interest on the main line bonds of the Manchester and Augusta RR. (see
p. 288).

Directors (elected Nov. 21, 1897).— B. F. Newcomer, H. Walters, Michael Jenkins, Bal-
timore, Md. ; D. W. Lassiter, Petersburg, Va. ; Warren G. Elliott, Wilmington, N. C.

FREDERICK R. SCOTT, President Richmond, Va.

Vice-President— H. Walters Wilmington, N. C. | Sec. & Treas.—Vf. R. Jones Richmond, Va.

PRINCIPAL AND STOCK TRANSFER OFFICE Richmond, Va.

POOR'S MANUAL — ATLANTIC COAST LINE SYSTEM.

293

ATLANTIC COAST LINE.— WILMINGTON, COLUMBIA AND AUGUSTA RR. CO.

Main Line of Road.— Wilmington, N. C., to Columbia, S. C. . .191.70 m.
Wilmington and Conway Branch : Con way, S. C., to Rub, N. C. . . . 50.00 m.

Spurs to Mills and Factories 4.82 m. — 246.52 miles.

Sidings, etc., 25.86 miles. Gauge, 4 ft. 9 in. Rail (steel, 212.38 m.), 56 and 70 Ibs.

History. — Reorganization, Feb. 11, 1880, of a company of the same name, whose road was
sold under foreclosure in Oct., 1879. (See MANUAL, for 1884, page 422.) Leased for 99 years
from June 1, 1885, to the Wilmington and Weldon RR. Co., the rental being interest on bonds
and 6 p. c. dividends on stock. The Central RR. of South Carolina is operated under lease
for joint account of this company and the Northeastern (S. C.) RR. Co., at an annual rental
of $31,000. On Jan. 1, 1896, the company took possession of, and began to operate as a
branch, the Wilmington and Conway RR., which had been purchased by the company and
its 1st mtge. bond assumed.

Rolling Stock, June 30, 1897. —Locomotives, 27. Cars — passenger, 14; combination, 8;
postal, 2 ; baggage and express, 5; freight (box, 341 ; flat, 182 ; stock, 4 ; caboose, 44), 571 ;
wreck, 6 — total cars, 606.

Operations, year ending June 30, 1897. — Trains run (passenger, 234,288; freight, 218,515;
mixed, 31,300; other, 175,594), 659,697 miles. Passengers carried, 211,020; carried one mile,
6,626,440 ; average mile rate, 2.037 cents. Tons freight moved, 471,769 ; moved one mile,
26,147,776; average ton-mile rate, 1.956 cents.

Expenses— Conducting Transportation $255,614 66

Maintenance of Equipment 91,286 89

Maintenance Way and Buildings 129,652 77
Miscellaneous 26,749 37

Earnings— Passenger $135,016 80

Freight 511,394 35

Mail and Express 40,969 50

Miscellaneous 9,877 32

Total ($2,828.40 per mile) -. . $697,257 97

Total ($2,041.67 per mile).

Net earnings (27.83 p. c.), $193,954.28 ; interest, dividends, and rents, $24,417.43 ; one-
half net earnings Central RR. of S. C., $2,324.33; Wilmington Ry. Bridge, one-half net earn-
ings, $4,801.79— total, $225,497.83. Payments: Interest on bonds, $104,000; on C. & N. RR.
bonds, $12,560 ; on bills payable, $8,181.60 ; dividends (6 p. c.), $57,600 ; taxes, $27,217.12 ;
other, $22,319.56— total, $231,378.28. Deficit, $6,380.45; surplus forward, $124,712.79; net
surplus, $118,332.34. Dividends are payable Jan. 10 and July 10 at Wilmington, N. C.

Capital stock, bonded debt, gross and net revenues, etc., for eight years ending June 30:

1890...

Capital
Stock.

S

960,000

Bonded
Debt.

1,600,000

Cost and
Invest-
ments.

$

2,698,944

RR.
Oper-
ated.

Miles.
192.00

Gross
Earn-
ings.

944,476

Net
Earn-
ing!.

296 336

jjgt Interest

S $

329 515 96 000

Divi-
dends
Paid.

57 600

Total
Pay-
ments.

328 861

Balance
( + or—).

$

+ 654

1891....

960,000

1 600,000

2.698,944

192.00

979,443

337,973

371,237 96,000

57 600

371 237

1892....

960,000

1,600,000

2,703 645

192 00

846 287

199 719

285 723 96 000

57 600

221 032

+4701

1893....

960,000

1,600,000

2,690,299

191.70

722,876

121 135

183 937 96 000

57 600

197 283

13 346

1894....

960,000

1,600,000

2,685,713

192.00

607,526

171,883

194458 96,000

57,600

194,458

1895....
1896

960,000
960,000

1,600,000
1,800 000

2,826,774
3 022 524

192.00
221 52

550.940
637241

165,750
185 835

194.172 102,762
218 404 114 462

57,600
57 600

181,469
224 105

+ 12,703
5 701

1897...

. 960,000

1,800,000

3,014.692

240.52

697.258

193.9*4

225.498 124,742

57,600

231,878

- 6,380

General Balance Sheet, June 30, 1897.

Construction and Property $2,902,761 47 ! Capital Stock (par, $100) $960,000 00

Land Account 9,265 65 "

Stocks, Bonds, and Other Investments 102,665 22

Due by Agents, Railroads and Others. . . 162,917 80
Cash on Hand and on Deposit 29,994 60

Total Assets $3,207,604 74

Funded Debt (see below) 1,800,00000

Bills Payable 136,360 00

Current Liabilities 192,912 40

Profit and Loss 118,332 34

Total Liabilities $3,207,604 74

Funded debt consisted, June 30, 1897, of $1,600,000 1st mtge. 6 p. c. $1,000 gold coupon bonds, dated
Dec., 1879, due June 1, 1910, interest June 1 and Dec. 1; and $200,000 Wilm. & Con. RR. 1st mtge. 4 p. c.
50-yr. $1,000 gold bonds, due Jan. 1, 1946, interest Jan. and July. Interest is payable at the National Bank
of the Republic, New York, N. Y., and at Safe Deposit and Trust Co., Baltimore, Md. The 1st mtge. 6s are
secured on the main line of road and on all property and rights appertaining thereto. The Wilm. & Conway
bonds are secured on the property purchased from the W. & C. RR. Co. and by guarantee of the W., C. & A.
RR. Co. The company also guarantees, by endorsement, principal and interest of $314,000 Division " B " 4
p. c. bonds of the Charleston and Northern RR. Co., the entire issue of which, $425,000 m amount, is assumed
by the Manchester and Augusta RR. Co. ; and jointly, with six other companies, guarantees interest on the
main line bonds of the Manchester and Augusta RR. (see p. 288).

Directors (elected Nov. 22, 1897).— W. G. Elliott, H. Walters, Wilmington, N. C.; B.
F. Newcomer, Michael Jenkins, Waldo Newcomer, Baltimore, Md.; H. B. Plant, New York,

294

POCK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

N. Y. ; J. T. Barren, Columbia, S. C. ; H. B. Short, Lake Wacca-jaaw, N. C.; C. S. Gadsden,

Charleston, S. C. ; Thos. Wilson, Camp Ridge, S. C.

W. G. ELLIOTT, President Wilmington, N. C.

H. Walters, V ice-President " "

James F. Post, Jr., Secretary and Treasurer.. . " "

PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.

ATLANTIC COAST LINE.— WILMINGTON AND WELDON RR. CO.

Main Line of Road.— Wilmington to Weldon, N. C 161.40 m.

Tarboro' Branch: Rocky Mount to Plymouth, N. C 67.71 m.

Scotland Neck Branch : Halifax to Kinston,"N. C 85.82 m.

Midland Branch : Goldsboro' to Smithfield, N. C 21.50 in.

Wilson and Fayetteville Branch : Wilson, N. C., to S. C. State Line.116.20 m.

Nashville Branch : Rocky Mount to Spring Hope, N. C 19.20 m.

Clinton Branch : Warsaw to Clinton, N. C 13.43 m.

Washington Branch : A. & R. June, to Washington, N. C 25.39 m.

Spurs to Mills and Factories 10.20 m. — 520.85 miles.

Sidings, 77.11 miles. Gauge, 4 ft. 9 in. Rail (steel, 504.97 m.), 56 and 70 Ibs.

History. — Organized in Feb., 1855, as successor to the Wilmington and Raleigh RR. Co.
(See MANUAL for 1889, p. 647, and also MANUAL for 1892, p. 646.) The Albermarle and
Raleigh RR. Co. was consolidated with this company during 1894 (see MANUAL for 1895, p.
316). The Southern Ry. Co. uses 54.88 m. of this company's line, between Selma and Tar-
boro', N. C., under a contract wbich went into effect Jan. 1, 1896.

On Dec. 1, 1897, this company absorbed by consolidation the Wilmington and New
Bern RR., extending from Wilmington to New Bern, N. C., 87.25 miles, and that line is now
known as the New Bern Branch of this railroad. The road was acquired by the Wilmington
and Weldon subject to a mortgage securing $500,000 of 1st mtge. 4 p. c. 50-yr. $1,000 gold
bonds, due Aug. 1, 1947, interest Feb. and Aug. See appended statement, page 295.

Rolling Stock, June 30, 1897. — Locomotives, 56. Cars — passenger, 28 ; combination, 8 ;
officers', 3 ; paymaster's, 1 ; baggage and express, 17 ; mail, 6 ; freight (box, 1,024; flat,
465 ; stock, 10; log, 139 ; caboose, 71), 1,709 ; other, 13— total cars, 1,785.

Operations, year ending June 30, 1897. — Train mileage — passenger, 631,256 ; freight,
583,238 ; mixed, 42,549 ; other, 211,079— total, 1,468,122 miles. Passengers carried, 415,469;
carried one mile, 17,304,451 ; average mile rate, 2.45 cents. Tons freight moved, 858,340 ;
moved one mile, 68,199,471 ; average ton-mile rate, 1.81 cents.

Earnings— Passenger $424,772 80

Freight 1,235,289 60

Mail and Express 161,112 81

Miscellaneous 32,83050

Expenses— Conducting Transportation $494,717 33

Maintenance of Equipment 248,787 02

Maintenance Way & Buildings. 291,143 75

General 54,192 88

. Total ($3,559.58 per mile) $1,854,005 71 Total ($2,090.51 per mile) .

Net earnings (41. 27 p. c.), $765,164.73; add interest balances, rent, etc., $52,886.37; profit
from operating hotels, $2,147.35 — total, $820,198.45. Payments : Interest on bonds, spe-
cial trust certificates and new equipment notes, $265,636.88 ; on certificates of indebtedness,
$175,000; dividends (6£ p. c.), $195,000; taxes, $43,949.13— total, $679,586.01. Surplus,
$140,612.44 ; surplus forward, $467,453.76— total, $608,066.20. Deduct for discount on 933
gen. 1st mtge. bonds sold, $16,900 ; depreciation in value of land sold, $615 ; Styron Trans-
portation Co.'s account closed to profit and loss, $6,500.25 — total, $24,015.25. Net surplus,
June 30, 1897, $584,050.95. Dividends are payable Jan. and July at Wilmington, N. C., and
at Baltimore, Md.

Capital stock, bonded debt, income, etc., for eight years ending June 30 :
Cost and RR.
Invest- Oper-

Capital
Stock.

Bonded
Debt.

ments.

1890 2,500,000

1891 2,500,000

1892 3,000,000

1893 3,000,000

1894 3,000,000

1895 3,000,000

1896 3,000,000

ated.

$ $ Miles.

7,207,149 10,280,380 654.44

7,253,149 9,943,505 725.48

7,266,000 9,908,668 883.19

7,266,000 10,203,789 458.23

7,766,000 10,717,298 510.68

7,616,000 10,716,154 510.<M

7,616,00010,793,892 510.68

Gross
Earn-
ings.

$
1,350,853
1,535,714
1,452,012
1,568,296
1,637,752
l.i'25.07fl
1,803,196

I OKA ,u\i-

Net Total Tr,fo
Earn- Net Rev- }£?™s*
ings. enue. v

S S- $

669,716 789,392 441,948
680,0361,174,900 439,549
649,128 787,617 541,366
672,639 697,502 435,820
689,225 689,225 445,820
653,522 685.809 451,637
735,990 778,776 447,700

Divi-
dends
Paid.

S
200,000
200,0001
200,000
210,000
90,000
90,000
180,000

^ r»t nriA

Total
Pay-
ments.

S

641,948
,120,986
741.366
772, 61 5
579,116

67l',016

u~n K.Q&

Balance

$
+ 147,444
+53,9:.4

-75';i'->3
+ 110,H)9
+ 100,476
+ 107.7BO

, 1 All . 1 ->

1897 3,000,000 7,380,00010,802,242 610.68 1,854,006 765,165 840,198 440,'637 195,000 679,586 +140,61;*

POOR'S MANUAL — ATLANTIC COAST LINE SYSTEM.

295

General Balance Sheet, June 30, 1897.

Road, Equipment, etc. (520.85 m.) $10,802,242 32

8.326 79
29,694 44
252,969 36
95,335 00
286,487 67

Bills Receivable.

Due by Agents

Due by Other Companies, etc...
Cash Deposited to Pay Coupons.
Cash on Hand

Capital Stock (par, $100) $3,000,000 00

Certificates of Indebtedness (see below). 2,500,000 00

Funded Debt 4,500,000 00

Special Trust Certificates 380,00000

Current Liabilities 511,004 63

Profit and Loss 584,050 95

Total Assets $11,475,055 58 Total Liabilities. $11,475,055 58

The funded debt, June 30, 1897, consisted of —

General 1st mtge. 5 p. c. 50-yr. $1,000 gold coup, and reg. bonds, due July 1, 1935, int. Jan. & July. $3,062,000
General 1st mtge. 4 p. c. 50-yr. $1,000 gold coup, and reg. bonds, due July 1, 1935, int. Jan. & July. 938,000
1st mtge. (A. & R. RR.) 4 p. c. 50-yr. bonds, due 1944, interest Jan. and July 500,000

In addition to the funded debt, as shown in the preceding statement, this company guarantees jointly
with the Carolina Central RR. Co. (each one half) principal and intert-st on $315,000 7 p. c. bonds of the
Wilmington Ry. Bridge Co. ; and, jointly with six other companies, guarantees interest on the main line
bonds of the Manchester and Augusta RR. (see page 288).

The 5 p. c. gen. 1st mtge. bonds were issued in exchange for sterling bonds, which matured Ma^ 1, 1886; the
4 p. c. gen. 1st mtge. bonds were issued to retire $936,000 bonds which matured May 1, 1897. The bonds of
the Albemarle and Raleigh RR. — 1st mtge. 4s^ of 1944— are secured on the Tarboro' Branch. The certificates
of indebtedness were issued in 1887, in the sKape of a scrip dividend. They are irredeemable, and draw in-
terest up to 7 p. c. (currency), if earned, payable April and Oct., in Baltimore, Md. The special trust cer-
tificates bear 6 p. c. interest, payable May and Nov., in currency.

Interest payable at the National Bank of the Republic, New York, and at the Safe Deposit and Trust Co.
of Baltimore, Md., except interest on the 4s of 1944. which is payable in Wilmington, N. C. Trustee of
general 1st mtge. bonds: Safe Deposit and Trust Co., Baltimore, Md.

A\ il in in K ton and Newbern Ry.— Wilming-
ton to Newbern, N. C., 87.25 m.; total track (steel;
56 Ibs.), 90.49 miles. Gauge, 4 ft. 9 in. The com-
pany also operated the Wilmington Street Ry. Co.'s
freight line, 1.25 m., making the total operated,
88.50 miles. The company also operated a steamer
on New River in connection with the railroad. Loco-
motives, 5. Cars— passenger, 8; baggage, etc., 3;
freight (box. 23; stock, 1; flat, 40), 64— total cars,
75. Operations, year ending June 30, 189T. — Trains
run (passenger, 64,684; freight, 27,441), 92,125 miles.
Passengers carried, 24.403; one mile, 1.045,027. Tons
moved, 24,761; ton-miles, 1,341,281. Earnings (pas-
senger, $21,910; freight, $37.254; other. $5,127), $64,-
291. Operating expenses, $70.870. Deficit, $6,579.
Paid Interest on bonds, $40,729; other charges, $4,-
673— total, $45,402. Deficit, $51,981. The Wilmington,
Newbern and Norfolk RR. Co. was successor to the
Wilmington, Onslow and East Carolina Ry. Co., by
change of name in 1894. (See Manual for 1895, p. 203.)

Directors (elected Nov. 23, 1897).— B. F. Newcomer, H. Walters, J. P. McCay, Michael
Jenkins, Baltimore, Md.; H. B. Plant, New York, N. Y. : A. J. DeRosset, J. "W. Norwood,
Wilmington, N. C.; E. B. Borden, Goldsboro', N. C.; George Howard, Tarboro', N. C.; W.
H. Willard, Raleigh, N. C.

W. G. ELLIOTT, President Wilmington, N. C.

H. Walters, Vice- President

Sec. <& Treat.— James F. Post, Jr. . .Wilmington, N. C. \ General Auditor— W. A. Riach Wilmington, N. C.

PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.

Default having been made on interest due Feb. 1, 1897.
the property was placed in the hands of a receiver
on March 15, 1897. On June 30, 1897. there were
outstanding $1,200,000 capital stock an<l$l, 150,000 1st
mtge. 5 p. c. bonds, besides which there were $194,-
959 of other liabilities, including unpaid interest,
etc. Cost of road and equipment amounted to $2,-
396,897, and all other assets to $8,190. The road
was sold under foreclosure July 15, 1897, and was
bid in for $400,000 by a representative of the Atlan-
tic Coast Line Co. The Wilmington and New Bern
RR. Co. was organized by the purchasers and took
possesion of the property on Aug. 1, 1897. On Dec.
1, 1897, the property was acquired by the Wilming-
ton and Weldon RR. Co. subject to a mortgage se-
curing $500,000 of 1st mtge. 4 p. c. 50-yr. $1,000
gold bonds, due Aug. 1, 1947, interest Feb. and Aug.
The road is now the New Bern Branch of the Wil-
mington and Weldon RR.

f ATLANTIC COAST LINE SYSTEM.— WILSON AND SUMMERTON RR. CO.
, ( Wilson's Mills to Summerton, S. C 20.82 m.

Lines of Road : j Merriam to Sumter, S. C 30.10 m.— 50.92 miles.

Sidings, 0.52 mile. Gauge, 4 ft. 9 in. Iron rails ; weight not reported.

History. — Chartered July 30, 1889; road from Wilson's Mills to Summerton, S. C.,
opened in 1892. On March 1, 1895, Division "C" of the Charleston and Northern RR., ex-
tending from Merriam to Sumter, S. C., 30.10m., was acquired by this company and the
bonds outstanding thereon to the amount of $125,000 assumed. This company owns 1 loco-
motive and 1 passenger coach.

Operations, year ending June 30, 1897.— Trains run (freight, 10,280 ; mixed, 27,532),
37,812 miles. No record of passenger and freight traffic. Earnings — passenger, $2,853.53 ;
freight, $27,011.72 ; mail and express, $1,915.27 ; other, $3,742.76— total, $35,523.28. Oper-
ating expenses, $19,363.70. Net earnings, $16,159.58. Paid interest on C. & N. RR. bonds,
$5,000; dividend (9 p. c.), $4,500; taxes, $1,456.71— total, $10,956.71. Surplus, $5,502.87;
surplus forward, $4,502.76 — total, $9,705.63. Dividends are payable yearly, Dec. 1, at Wil-

296

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

mington, N. C. (See GENERAL INDEX for statement of dividends paid by steam railroad
companies.)

Financial Statement, June 30, 1897.— Capital stock, $50,000 ; funded debt, C. & N. Div.
"C" 1st mtge. 5 p. c. 20-yr. $1,000 coup, bonds, due 1915, interest March and Sept., $125,-
000 ; due RRs. and others, $1,318.73 ; profit and loss, $9,705.63— total, $186,024.36. Contra :
Cost of property, $175,000 ; cash and current assets, $11,024.86— total, $186,024.36. The C.
& N. RR. Div. "C" bonds are additionally guaranteed by the Northeastern RR. Co.

Directors (elected Nov., 1897).— Thos. Wilson, Camp Ridge, S. C.; W. G. Elliott, H.
Walters; J. F. Divine, Wilmington, N. C.; J. F. Rhame, Manning, S. C.; B. M. Badger,
Summerton, S. C.

THOS. WILSON, President Camp Ridge, S. C.

Treat. & Sec.—J&mee F. Post, Jr. . .Wilmington, N. C. | Auditor— W. A. Riach Wilmington, N. C.

PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.

CHARLESTON AND WESTERN CAROLINA RAILWAY COMPANY.

nr«- T- « F T?«« . jPort Royal, S. C., to Augusta, Ga 112.12 in.

ltt • | Augusta, Ga., to Spartanburg, S. C. . . .133.68 m.— 245 80 miles.

Savannah Valley Branch : McCormick to Anderson, S. C 57.67 "

Greenville and Laurens Branch : Laurens to Greenville, S. C 36.51 "

Total length of lines, all owned and operated June 30, 1897 839.98 miles.

Sidings, etc., 34.44 miles. Gauge, 4 ft. 9 in. Rail (steel, 846.01 m.), 56 to 65 Ibs.

History. — Consolidation, in Sept., 1896, of the Port Royal and Augusta, and the Port
Royal and Western Carolina Ry. Cos. (see MANUAL for 1897, p. 824). In March, 1897, the
Augusta Terminal Ry. Co. was organized in order to enable the company to acquire terminal
facilities in Augusta, add to its equipment, and make improvements to its railroad and prop-
erty, and it was leased in perpetuity, April 1, 1897, its bonds being guaranteed by way of
rental. (See appended statement.) In Dec., 1897, a controlling interest in this company was
acquired by the Atlantic Coast Line Company.

Rolling Stock, June 30, 1897. — Locomotives, 39. Cars — passenger, 16; baggage, etc.,
14 ; freight (box, 340 ; flat, 136 ; coal, 50 ; caboose, 14), 540 ; other cars, 29— total cars, 599.

Operations, year ending June 30, 1897. — Train mileage — passenger, 194,964 ; freight,
244,265 ; mixed, 89,165 ; other, 145,526— total, 673,920 miles. Passengers carried, 157,128 ;
carried one mile, 3,860,811 ; average mile rate, 2.66 cents. Tons freight moved, 415,143 ;
moved one mile, 31,432,475 ; average ton-mile rate, 1.55 cents.

Earnings— Passenger $103,329 63

Freight 489,617 47

Mail and Express 21,333 13

Miscellaneous 21,437 25

Expenses— Conducting Transportation $263,158 97'

Maintenance of Equipment 36,223 60

Maintenance Way & Buildings... 103,886 20
General 24,436 37

Total ($1,869.86 per mile) $635,717 48 Total ($1,258.02 per mile) $427,705 14

Net earnings (32.72 p. c.), $208,012.34. Payments: Interest on bonds, $110,999.99;
taxes, $25,139.52 ; other payments, $47,145.95— total, $183,285.46. Surplus, $24,726.88.

General Balance Sheet, June 30, 1897.

Cost Of Property. , $6,295,295 36

Securities Owned 50,000 00

Materials and Fuel on Hand 22,632 13

Leasehold Estate 550,000 00

Bills Rec'vable ($1,616.57) & Other Assets 20,205 15
Cash and Accounts 156,732 52

Capital Stock ($100 shares) $1,200,000 00

Funded Debt Outstanding (see below) .... 5,100,000 00

Leasehold Estate 600,000 00

Current Accounts 89,834 05

Other Liabilities 80,304 23

Profit and Loss 24,726 88

Total Assets $7,094,865 16 Total Liabilities $7,094,865 16

Funded debt outstanding June 30, 1897, consisted of $2,720,000 1st mtge. 5 p. c. 50-yr.
$1,000 gold coupon bonds, due Oct. 1, 1946, interest April and Oct., and $2,380,000 2d mtge.
income non-cumulative 5 p. c. 50-yr. $1,000 bonds, due Oct. 1, 1946, interest April and Oct.
Interest on 1st mtge. bonds payable at the Chase National Bank, New York, N. Y. The Iste
are secured by mtge. to the Central Trust Co., New York, N. Y., trustee, and are limited

POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.

297

in issue to $8,000 per mile of main track, aggregating 339.98 miles, as shown above, together
with all extensions, branches and railroads hereafter constructed, purchased or owned, and
all equipment, leaseholds, income and franchises now owned or hereafter acquired. Trustee
of income mtge. : Guaranty Trust Co., New York, N. Y.

V iiKiisf :i Terminal Ry.— Hawk's Gully on C.
& W. C. Ry. to Augusta, Ga., 4 miles. Gauge, 4 ft. 9
In. Rail (steel), 70 Ibs. Chartered March 19, 1897;
opened Sept. 1, 1897. The company was organized In
the Interest of the Charleston and Western Carolina
Ry. Co. to furnish the latter with the means of ac-
quiring terminal facilities In the city of Augusta, of
adding to its equipment 15 locomotives, 18 ears for
bagsagp, mail and passenger service, 10 cabooses and
375 freight cars (50 coal, 75 flat and 250 box) and of
making important betterments to its property, these
to include five new steel bridges, one of them to
cross the Savannah River, besides the enlargement of
yards and rebuilding of wharves and warehouses at
Port Royal, S. C. The property was leased in per-
petuity, April 1, 1897, to the Charleston and Western

Carolina Ry. Co. at a rent not to exceed $36,000 per
annum besides all taxes and expense of maintaining
corporate existence. Financial Statement, June 30,
1897.— Capital stock ($100 shares), $200,000; funded
debt (1st mtge. 6 p. c. 50-yr. $1,000 gold coupon
bonds, due April 1, 1947, interest April and Oct., at
Chase National Bank, New York), $600,000 — total
$800,000. Contra: Cost of road, $600,000; rolling
stock (3 locomotives and 25 box freight cars), $125,-
000; real estate and buildings, $75,000— total, $800,-
000. The Charleston and Western Carolina Ry. Co.
owns the entire capital stock and guarantees the
bonds, both as to principal and interest. W. J.
Craig, Pres.; E. W. Mills, Sec. & Treas., Augusta,
Ga. General Office, Augusta, Ga.

Board of Directors, C. & W. C. Ry. Co., as constituted March 1, 1898.

J. A. Brock Anderson, S. C.

Avery Patton Laurens, S. C.

J. P. Doughty Augusta, Ga.

JOHN B. CLEVELAND, President Spartanburg, S. C.

H. Walters, Vice-President .Baltimore, Md.

John B. Cleveland, Spartanburg, S.C.

H. Walters Baltimore, Md.

B. F. Newcomer "

W. G. Elliott Wilmington, N. C.

J. O. C. Fleming Laurens, S. C.

D. A. P. Jordan ... Greenwood, S. C.

Treasurer — Jas. F. Post, Jr Wilmington, N. C.

Secretary— John J. Nelligan Baltimore, Md.

Traffic Mgr.—f. M. Emerson Wilmington, N. C.

Auditor— W. A. Eiach " "

PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.

Baltimore Office . .13 South Street.

BALTIMORE AND OHIO RAILROAD COMPANY.

(For map of this system see page 299.)

Main Line of Road.— Baltimore, Md., to Wheeling, W. Va. . .379.80 m.

Parkersburg Bridge : Parkersburg, W. Ya. , to Belpre, 0 1.40 m.

Benwood Bridge : Benwood, W. Va., to Bellaire, 0 1.10 m.— 382.30 miles.

Branches Owned : Curtis Bay. 5.3 m. ; Washington, 31 m.; Metropoli-
tan, 42.8 m.; Frederick, 3.5 m.; Philadelphia, 52.6 m. ; Locust
Point, 5.6 m. ; Sea Wall, 1.5 m. ; South Baltimore, 2 m. ; Patuxent,
1.30 m. ; Sparrow's Point, 1.60 m. ; Camden Cut-off, 1.5 m. ; High-

landtown, 0.9 m. ; total 149.60

Railroads Owned by Proprietary Companies 933.21 "

Somerset & Cambria RR. 45.10 m.
O. & B. Sh. Line, E. Div. 9.30 m.
Mt. P. & Broad Ford RR. 9.70 m.

Washington County RR 24.20m.

South Branch RR 16.00 m.

Parkersburg Brand) RR '. . . . 103.30 m.

Baltimore jind Philadelphia RR 55.10 m.

Wheel., Pitt. & Bait. RR. 65.80 m.

Fairm't, M. & Pitts. RR.. 57.60m.
B. & O. & Chicago liR. . .264.90 m.

Schuylkil] River East Side RR 11 .00 m.

Lancaster, Cecil and Southern RR 4.00 m.

Grafton and Belington RR ,42.00 m. ! C., W. & Musk. Vy. RR. . 36.26 m.

Metropolitan Southern RR 2.25 m. \ Baltimore & N. Y. RR. . . 5.30 m.

Pittsburgh and Connellsville RR 148.80 m. WTinch. & Strasburg RR. . 20.38 m.

Berlin RR 8.00 m.

Railroads Operated under Lease 268.58

Fayette County RR. . . . . 11 .80 m. I Bellaire & St. Cl'ville RR. 6.53 m.

Alexandria Branch 12.50m. i S'd'ky., M. & N'w'kRR..111.26m.

Winchester and Potomac RR 32.00 m. Col. & Cine. Midland RR. 69.80 m.

Confluence and Oakland RR 19.70 m.

Railronds Operated under Contract, etc 267.82

N., S. & Straitsville RR.. 46.70 m.

Central Ohio RR. as reorganized 137.30 m.

Baltimore Belt RR. . . . 7. 16 m.

Akron & Chic. June. RR. 76.66 m.

Lines Operated under Trackage Rights :

Cumberland & Pennsylvania RR. : Cumberland to Mt. Savage, Md. 3.50 m.

Cliic., Rocklsl. & Pac. RR.: R. I. Connection to Brainerd June., 111. 6.27m.

Chic. & No. Pac. RR. : Forest Hill to Grand Central Station, Chic. 11.20 m.

Clev., Cine., Chic. & St. Louis RR,: I. B. & W. Jc. to Columbus*, O. 1.40 m.— 22.37 "

Total length of lines owned, leased and operated, June 30, 1897 2,023.88 miles.

298

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement showing the mileage of tracks owned, leased, .and operated, and the length of
same laid with steel rails, June 30, 1897 :

LINK
REPRESENTED BY
CAPITAL STOCK.

Pro-
prietary
Lines.

Leased
Lines.

Lines
Oper-
ated
under
Con-
tract,
etc.

Track-
age
Rights.

Total
Mileage
Oper-
ated.

RAILS.

Main
Line.

Branches.

Iron.

Steel.

Single Track

M.

382.30
287.26
36 80

M.

\. 149.60
110.61

M.

933.21
131.18
2.10

M.

268.58

M.

267.82
55.79
1.48

M.

22.37
17.47

M.

2,023.88
602.31
40.38

M.

20.94
18.37

M.

2,002.94
583.94
40.38
7.96
674.62

Second Track ....

Third Track

Fourth Track

5 72

1.80

0.44

7.96

Yard Track and Sidings
Total

261.87

62.75

363.42

72.56

106.61

867.21

192.59

973.95

322.96

1,431.71

341.14

432.14

39.84

3,541.74

231.90

3,309.84

NOTE. — The mileage of the Berkeley Springs and Potomac RR., Bay Ridge and Annapolis RR. and Salis-
bury RR., a total of 22.15 m. of line or 33.14 m. of track, is not included ii- the preceding statement, those
lines not being part of the B. & O. RR. system, but treated as separate and distinct roads. In the statement
on p. 302, the mileage of all lines operated is shown.

Gauge, 4 ft. 8i in. Rail— iron, 60 to 80 Iba.; steel, 67 to 85 Ibs.

History. — Chartered in Maryland, Feb. 28, 1827 ; in Virginia, March 8, 1827. Construc-
tion commenced July 4, 1828, and line from Baltimore to Ellicott's Mills, 15 m., opened May
24, 1830. Horse power was used until Aug. 30, 1830, when a locomotive was substituted.
The line was put in operation to Harper's Ferry in 1834, to Cumberland in Nov., 1842, and to
Wheeling on Jan. 1, 1853. A statement showing the date of opening each section of the road
was published in the MANUAL for 1896, p. 376. The branches were completed and opened
in the following order : Frederick, in 1831 ; Locust Point, 1846 ; Camden Cut-off, 1868 ;
Metropolitan, 1873 ; Curtis Bay, 1883 ; Sea Wall, 1884 ; Philadelphia, 1886 ; South Bal-
timore and Patuient, 1888 ; Sparrow's Point and Highlandtown, 1889.

The Washington Branch was opened Aug. 25, 1834, and the Parkersburg Branch (under
the name of Northwestern Virginia RR.) May 1, 1857. The Central Ohio RR. was leased in
Nov., 1866, and the Sandusky, Mansfield, and Newark RR. in Feb., 1869, extending the sys-
tem to Columbus, 0., and to Sandusky, on Lake Erie. The bridge crossing the Ohio River
at Ben wood, connecting these Ohio lines with the main stem, was opened in Jan., 1871. In
July, 1871, the Parkersburg Bridge was completed and the through line opened to Cincinnati,
Louisville and St. Louis. The line was opened to Chicago in Nov. , 1874. The Pittsburgh
and Connellsville RR., giving the company a line to Pittsburgh, was leased Jan. 1, 1876.

The line from Baltimore to Philadelphia was opened Sept. 19, 1886, and the Schuylkill
River East Side RR., affording connection at Philadelphia with the Philadelphia and Reading,
on Dec. 7, 1886. On Dec. 15, 1886, the " Blue Line " was opened between New York, Wash-
ington and the Southwest, the Central RR. of New Jersey tracks being used between Jersey
City and Bound Brook, then those of the Philadelphia and Reading to Philadelphia, and the
tracks of the Baltimore and Ohio and its controlled lines to Baltimore, Washington, Cincin-
nati, Louisville, and St. Louis.

A controlling interest in the Staten Island Rapid Transit RR. property was acquired in
1885 ; also extensive terminal property on Staten Island and in New Jersey. Between 1885
and 1890 the Arthur Kill Bridge and railroad lines connecting therewith were constructed.
In 1890 the company secured a direct line from Pittsburgh to the heart of the lumber and
mining district of West Virginia, by leasing the West Virginia and Pittsburgh and the
Monongahela River RRs. ; and by acquiring a controlling interest 'in the Pittsburgh and Wes-
tern Ry. Co., and completing the Akron and Chicago Junction RR. , in the following year, a
new and more direct line from Pittsburgh to Chicago was secured and direct connection made
with the Valley Ry..of Ohio (now Cleveland Terminal and Valley RR.), a controlling interest,
in which had been acquired in 1890. At the same time the company got additional outlets ot
Lake Erie, at Cleveland and Fairport, and entrance to the coal and oil fields of western Penn-
sylvania and Ohio. In Nov., 1893, a control 'ing interest was acquired in the Baltimore and
Ohio Southwestern Ry. Co. (see GENERAL INDEX).

299

300 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

A review of the financial operations of the Baltimore and Ohio RR. Co., covering the
period from Sept. 30, 1884, to June 30, 1895, was published in the MANUAL for 1896, p. 37G.
The company being unable to meet its obligations maturing March 1, 1896, receivers wer-e
appointed on that date for all lines owned, controlled, or operated by it, except the Baltimore
and Ohio Southwestern Ry., the Valley RR. of Virginia, the Staten Island Rapid Transit RR.,
the West Virginia and Pittsburg RR. and the Cleveland Terminal and Valley RR. Concern-
ing these lines, see GENERAL INDEX for separate statements.

Two committees on reorganization have been appointed. One of these, with headquarters
in New York, represents security holders in New York and in England. Louis Fitzgerald ia
chairman of this committee, and Horace Doming its secretary. The other committee, of which
Alexander Shaw and John M. Nelson, both of Baltimore, are respectively chairman and
secretary, represents exclusively Baltimorean interests.

Besides these committees there is one consisting of Messrs. J. P. Morgan & Co., Brown
Bros. & Co., and Baring, Magoun & Co., and their correspondents in London, appointed in
Nov., 1897, to protect the interests of holders of the consol. mtge. bonds of 1888. Depositary
for these bonds, office of J. P. Morgan & Co., New York.

Defaults were made on several important loans early in the receivership, but the arrears
on some of them were subsequently made good. The following are still in default: Newark,
Somerset and Straitsville bonds, coupons May 1, 1896, and subsequent ; Washington City and
Point Lookout (Alexandria Branch) bonds, coupons of June 1, 1896, and subsequent ; Colum-
bus and Cincinnati Midland 1st mtge. bonds, coupons of Jan. 1, 1897, and subsequent (those
due July 1, 1896, with interest thereon, were paid Oct. 1, 1897); Columbus and Cincinnati
Midland preferred stock, dividends of July 1, 1896, and subsequent, ; Pittsburgh and Con-
nellsville consol mtge. sterling loan, and Sandusky, Mansfield and Newark 1st mtge. loan,
coupons of July 1, 1897, and subsequent ; B. & O. RR. loan of 1877-1927, B. & O. & C. bonds
as collateral, coupons of Dec. 1, 1897 (those due June 1, \897, paid Oct. 1, 1897), and of June
1, 1898 ; B. & 0. RR. loan of 1883-1933, Bait. & Phila. bonds as collateral, coupons of Oct. 1,
1897 and April 1, 1898 ; B. & 0. RR. loan of 1885-1925, P. & C. RR. consol. 2d mtge. bonds
as collateral, coupons of Aug. 1, 1897, and Feb. 1, 1898; B. & O. RR. Terminal loan of 1894,
coupons of Dec. 1, 1897, and of June 1, 1898 (those due June 1, 1897, paid Oct. 1, 1897);
Baltimore Belt RR. bonds, interest due Nov. 1, 1897, and of May 1, 1898. Sterling 6 p. c. loan
of 1872-1902, interest due March 1, 1898 ; loan of 1879, Parkersburgh Branch 1st mtge. 6 p. c.
bonds as security, and West Virginia and Pittsburgh 1st mtge. & p. c. bonds, interest due April
1, 1898 ; sterling sinking fund loan of 1874-1910, interest due June 1, 1898. Interest due
May 1, 1896, on Akron and Chicago Junction bonds was paid Oct. 1, 1896; that due Nov. 1,
1896, and subsequently has been purchased by Vermilye & Co., of New York, as have also
the July, 1897, and Jan., 1898, coupons of Pittsburgh and Connellsville 1st mtge. 7 p. c.
bonds. The interest due Aug. 1, 1897, and Feb. 1, 1898, on such of the bonds of the B. & 0.
RR. loan of 1885-1925 as have been deposited under the bondholders' agreement, has been
purchased by Speyer & Co. of New York.

In Sept., 1897, application was made for foreclosure of the B. & 0. RR. loan of 1885, and
of the mtge. securing the Pittsburgh and Connellsville 2d consols which are deposited as
security for the loan of 1885. Suits have been brought for the appointment of separate
receivers for the Pittsburgh and Connellsville RR. and for the Washington Branch of the
B. & 0. RR.

On May 31, 1898, suit in foreclosure proceedings was brought by the trustees (substituted)
under the Baltimore and Ohio and Chicago mtge., the appointment of a receiver for the
Chicago Division being asked for at the same time.

EXTRACTS FROM THE REPORT FOR YEAR ENDING JUNE 30, 1897.

Construction and Betterments.— The aggregate expenditures for the twelve mcnths have been $1.81)5,-
496.80; for the twelve months ending June 30, 1896, they were $509,127.11, an increase for the twelve months
ending in 1897 of $1,386,369.69. This sum of $1,895, 496.80 has been charged to the different investment ac-
counts to which the expenditures appertained. It is distributed as follows: Lines cast of Baltimore, $127,-
276.95; main stem and branches (including Parkersburg Branch), $879,007.79; Pittsburgh Division (including
W., P. & B. RR.), $789,871.92; Trans-Ohio Division, $99,340.14— total, $1,895,496.80. The expenditures were

POOR'S MANUAL — BALTIMORE AND OHIO RR, CO.

301

provided for as follows: From Terminal mtge. funds, $808,695.87; from receivers' certificates (series 1, $31,-
878.29; series 2, $69,730.46; series 3, $117,295.24; special, $17,000), $235,903.99; by recoupment from Central
Ohio RR. C., $38,707.69; and the balance of $812,189.25 from other assets of the company.

There is a trust fund in bank, derived from sale of Terminal Mortgage Bonds, which can be used only for
making certain improvements. The receivers have concentrated the expenditures out of this fund substan-
tially at two points— the Pittsburgh-Glenwood Terminals and the shops, round house, yard, etc., at Cumber-
land. The entire expenditure out of this fund during the past year was $823,279.87, of which amount $808,-
695.87 represents current construction.

Sinking Funds. — The cash appropriations to the sinking funds of the sterling loan due in 1927, and the
P. & C. consol. mtge. loan due in 1926, now aggregate $1,739,196, no additions having been made during the
fiscal year. The investments for the appropriations and increments of the main line sinking funds, in pursu-
ance of the agreement to that effect, have been made in the consol. mtge. 5 p. c. 100-yr. bonds of this com-
pany. These investments in the hands of the trustees of the main line sinking funds now amount to $9,936,-
212; viz., $6,147,000 consol. mtge. 5 p. c. 100-yr. bonds of the company, $3,365,228 of other interest-bearing
bonds, and $423,984 of cancelled bonds of the 1902 and 1910 loans. .

Rolling Equipment. — The equipment in service June 30, 1896, exclusive of car trust equipment and
equipment of leased lines, was 477 steam locomotives, 4 spare tenders, 86 baggage and mail cars, 341 passenger
cars, 340 refrigerator cars, 5 dining cars, 15,284 freight and road cars, and 51 express cars, costing $12,158,«
640.04. There has been charged to this account during the fiscal year $295,614.41, being the cost of 4 electric
motors, 11 passenger, 4 dining and 157 freight cars, and $88,342.09 for betterments to locomotives and cars;

cars Difference charged to profit and loss, $4,486,601.03. The amount of reduction, viz., $1,374,310.14, is
accounted for as follows: Salvage, $192,293.61; recovered from insurance, $2,963.52; recovered from foreign
roads, $23,224.06; charged to profit and loss (see Profit and Loss Account, page 310), $1,155,828.95.

A revaluation has been made of all the company's equipment, including that covered by car trusts and
as shown in the Profit and Loss Account the valuation of the rolling stock on the company's books has been
reduced $6,304,578.75, and that of the marine equipment $314,162. The value now on the books is regarded
as a fair statement of the worth of the equipment, and for the fiscal year ending June 30, 1898, the receivers
have adopted the policy of requiring that all cars and engines covered by car trust agreements, when de-
stroyed, shall be at once rebuilt, and the cost charged to maintenance of equipment. All other equipment
not covered by car trusts, some" of which is old and not standard, when put out of service from time to time,
is to be replaced with equipment of equal value, to be built or purchased, and the cost thereof charged to
maintenance of equipment.

Wheelage Trust Contracts. — Under contract there has been purchased since Feb., 1891, 2,300 freight
cars at a cost of $1,166,980, payable through their mileage earnings. There has been paid to June 30, 1897,
$568,461.41, leaving a balance of $598,518.59. The contract covering 150 care of the Consolidation Coal Com*
pany, amounting to $83,250, has been complied with, and payment made for full amount. These cars are now
the property of the company.

Contingent Liabilities. — The direct obligations of the company are shown in the general balance sheet,
but there are endorsements of the company for the Pittsburg and Western Ry. Co. and its affiliated lines, to
the amount of $2,226,000; for the Staten Island Rapid Transit RR. Co., $50,000; and for the matter of the
Fairport Docks, $60,000. For the first two endorsements the company holds securities of the Pittsburg and
Western Ry. Co. and its affiliated lines and the Staten Island Rapid Transit RR. Co., and for the last endorse-
ment holds $100,000 of the stock of the Pennsylvania and Lake Erie Dock Co.

Rolling Stock. — Statement of engines and cars in service June 30, 1897, on all lines of
the Baltimore and Ohio system :

NAME.

Electric
Motors.

01

J-a
»!

Coaches.

Combination.

fci

"3
5

Express.

Express
Refrigerator. •

Mail and Bag-
gage.

Officers, Pay
and Postal.

Freight and
Serrice.

Baltimore and Ohio RR

4

415

263

62

9

49

11

80

17

13 588

Baltimore and Ohio and Chicago RR

281

Pittsburgh and Connellsville RR

32

33

4

3

1,643

Central Ohio RR

2

3

1

3

2

38

Sandusky, Mansfield and Newark RR

4

1

2

1

19

Newark, Somerset and Straitsville RR

2

Baltimore and Philadelphia RR

3

2

3

Columbus and Cincinnati Midland RR

12

10

2

4

200

Pittsburgh Southern RR

1

Cleveland, Wooster and Musk. Valley RR

1

1

1

Totals

4

465

317

71

9

51

11

92

20

15,772

CJLK TRUSTS.
Baltimore and Ohio Car Trust No. 1.. .

96

29

3

4

3,135

Baltimore and Ohio Equip. Trust " A ".

84

25

4

6

342

Baltimore and Ohio Equip. Trust " B "

42

10

3

5

2,936

Baltimore and Ohio Equipment Co

176

3

1

4

4

5,645

Akron and Chicago Junction RR

1,000

Wheelage Car Trusts. .

2,150

Totals

398

67

8

3

13

10

15,208

Grand Totals

4

863

384

79

" 9

51

14

105

30

30,980

302

POORS MANUAL OF EAILROADS— RAILROAD "SYSTEMS.

Statement showing length of railroad and other track on all lines of the Baltimore and
Ohio system on June 30, 1897 :

NAME or LINE OB BRANCH.

TERMINI OF ROAD.

Length
of
Line.

OTHER TR'KS.

Total
Track.

From

To

2d,3d,
& 4th
tr'ks.

Sidings,
etc.

Main Stem and Branches :
Main Line

Baltimore, Md
Parkersburg. W. Va.
Benwood W Va. . . .

Wheeling W. Va
Belpre, O
Bellaire, O

M.

379.80
1.40
1.10

- M.

329.78

M.

261.87

M.

971.45
1.40
1.10
26.01
5.75
3.11
2.43
1.48
3.00
74.49
14.36
77.57
6.14
36. Gl
23.8$
16>6
143 > 3
29. 3*
6>2
2.S5
44.40
5.^6

Parkersburg Bridge

Locust Point Branch
. Curl is Bay Brunch

Mt. Clare, Md
Curtis Bay Jc., Md..

Locust Point. Md. . .
Curtis Bay, Md . .
Al.&Va.Fer.Co.,Md.
Clifford, Md . . . .

5.60
5.30
1.50
2.00

5.60

14.81
0.45
1.61
0.43
0.18

Sea Wall Branch
South Baltimore Branch

Crisp, Md
Carroll, Md

Patuxent Branch
Cumden Cut-Off

Savage, Md
Carroll, Md

Savage Factory, Md.
Camden Jc., Md

1.30
1.50

"i!so

Washington Branch

Relay Station, Md. . .
Alexandria Jc., Md. .
Washington, D. C...
Frederick Jc., Md. . .

Washington, D. C...
Shepherd. D.C...

31. CO
12.50

31.00

12.49
1.86
13.36
2.64
4.61
3.50
0.86
38.98
5.14
0.87

Alexandria Branch.

Metropolitan Branch

Washington Jc., Md.
Frederick, Md
Winchester, Va
Strasburg, Va
Romney, W. Va
Parkersbnrg, W. Va.
Hagerstown, Md
B'keleySprV.W.Va.
Potomac River, Md

42.80
3.50
32.00
20.38
16.00
103.30
24.20
5.95
2.25

21.41
"i!55

Frederick Branch

Winchester and Potomac Railroad . . .
Winchester and Strasburg Railroad . .
South Branch Railroad
Parkersburg Branch. .

Harper's F'y ,W. Va.
Winchester, Va
Green Spring, W. Va.
Grafton, W. Va. ...
We vert on. Md

Washington County Railroad

Berkeley Springs and Potomac RR. . .
Metropolitan Southern RR

Hancock, W. Vn
Met. So. Jc., Md . . . .

Grafton and Belington Division

Grafton, W. Va
Short Line Jc., Md..

Canton, Md

Belinston, W. Va...
Bay Ridge, Md

42.00
4.50

2.40
1.26
367.32

Bay Ridge and Annapolis RR

Philadelphia Division:
Philadelphia Branch

Md.&Del.StateLine
Colgate Creek, Md

739.88

390.84

1,498.04

52.60
1.60

51.10

16.78

120.48
1.60
0.90
97.58
17.27
2.40
3.02
2.80
29.62
1.10
10.80
0.80
0.50
0.50
4.20
18.02

Sparrow's Point Branch

Sp'row'sP'tJc.,Md.
Hi'landt'n Jc.,Md...
Md.&Del.StaleLine.
West Junction, Del . .
Fairview, Pa
W. &N. Jc.. Del....
W. Yard. Wilm., Del.

Hi<*hlandtown Branch

Highlandtown, Md. i 0.90

Baltimore and Philadelphia RR
Landenberg Branch

P. &R. Jc.,Pa
Landenberg, Pa.

36.80
14.30

36.80

23.98
2.97

Crnm Creek Branch
Market Street Branch
South Wilmington Branch

Leiper's Pa.
Mkt St., Wi!m., Del.
Com.St., Wilm., Del.

2.40
3.02
2.80

Schuylkill River East Side RR

P. & R. Jc.. Pa

Park Jc.,Phila., Pa.
Pt. Breeze, Phil., Pa.
Reed Str., Phil., Pa.
SnyderAv.,Phil.,Pa.
Stock Y'ds, Phil.,Pa.
Salt Works.Phil.,Pa.

3.80
0.40
5.40
0.40
0.50
0.50

7.40
0.70
5.40
0.40

18.42

Point Breeze Branch
Delaware Branch

Jacks'nSt..Phil.,Pa.
East Side, Phil., Pa..
Morris St., Phil., Pa.
Stk.Yd.Jc.,Phil.,Pa.
Swans'n St., Phil., Pa
Childs, Md

Snydpr Avenue Branch

Stock Yard Branch

Oregon Avenue Extension

Lancaster, Cecil and Southern RR . . .

Providence Mill.Md.

4.00

0.20
1.78

Baltimore Belt RR

Hamb'gSt.,B'lt.,Md.
Pittsburgh, Pa

Belt Line Jc., Md. . .

Cumberland, Md...
Cora Mines. Pa.. .

7.16

9.08

Pittsburgh Division:
Pittsburgh and Connellsville RR
Hickman Run Branch

136.58

110.88

64.13

311.59

150.20
2.10

59.70

89.86
0.04
6.13
2 46
0.27
0.95
9.23
3.31
6.37
3.61
15.08

299.76
2.14
14.73
4.46
1.37
8.95
54.33
12. til
18.17
13.31
71 .68
1.00
97.22
21.55

Hic'm'm Run Jc., Pa.

Salisbury RR '.

Salisbury Jc.. Pa West Salisbury, Pa..
Grassy Run Jc., Pa. . Co-oper'e Mines, Pa.
Hocking Jc., Pa Hamilton No. 1, Pa.
Garrett, Pa Berlin. Pa

8.60
2.00
1 .10

8.00

Grassy Run Extension

Hocking Extension

Berlin RR

Somerset and Cambria RR
Ohio and Bait. Short Line, East Div. .

Rockwood. Pa
O. & B. S. L. Jc., Pa.

Johnstown, Pa
Leisenring, Pa
Uniontown. Pa
Mt. Pleasant, Pa
F.M. &P.Jc.,W.Va.
RedStone, Pa

45.10
9.30
11.80
9.70
56.60
1.00

Fayette County RR

Gibson Jc., Pa

Mt. Pleasant and Broadford RR

Broadford, Pa

Fairmont, Morgan, and Pitts. RR
Red Stone Branch

Uniontown, Pa
Red Stone Jc., Pa. . .
Glen wood, Pa.

Wheeling, Pittsburg and Bait. RR. . . .
Confluence and Oakland RR

Wheeling, W. Va. . .
Manor Lands, Md. . .

65.80
19.70

31.42
1.85

Confluence, Pa

New York Division : Bait. & N. Y.RR.
Total Mileage East of Ohio River.
Trans- Ohio Division :
Central Ohio Division (C. O. RR.). . . .

Cranford, N. J

Arthur Kill Bridge. .

391.00

59.70

170.58

621.28

5.30

4.62

9.93

1,272.76561.42

606.65 2,440.83

Bellaire, O

Columbus, O

137.30
6.53
116.25
43 86

33.00

80.64
1.42
45.30
9.52
2.30
11.15

"ii3!47

250. 94
7.S5
161.55
53.38
5.14
80.95
1.40
396. 93
0.03
12.54
4.44
22.49
104. IS

o.ri

39.5)

St. Clairsville Division
Lake Erie Division (S. M. & N. RR.).
Straitsville Division (N. S. & S. RR.).
Rock Run Branch

St. Clairsville Jc., O.
Newark, O
Newark, O

St. Clairsville, O....
Sandusky, O
Shawnee, O. ...

Shawnee, O

C.H C.&ICo.'sMin's

2.84

Midland Division (C. & C. M. RR.). . .
Midland Div., C.C.C.&St L. Trackage

I.E. &W.Jc.,(Col.,O.
Columbus, O
Chicago Jc., O..

Midland City, O
I.B.£W.Jc.,Col.,O.
Parkside, 111

69.80
1.40
262.60
0.08
6.27
2.22

'20.'91

Chicago Division (B. & O. & C.RRs.).
Chicago Div. Branch

R-Isl'd Jc.,Ch'go,Ill

Conn, with R. I., Chi.
BrainerdJc.,Chi.,Ill.
Forest Hill, Chi. ,111.

Trackage, C. R. I. & P. Ry
Chicago Div. Branch

Conn, with R.I., Chi.
BrainerdJc.,Chi.,Ill.

6.27
2 22

Trackage, C. & N. P. RR.

Forest Hill, Chi., 111.
Chicago Jc., O
Akron, O
Lodi,O

G'nd Cen.S.,Chi.,Ill.
Akron, O
Con.V.Ry.Akron.O.
Millersburg, O

11.20
76.13
0.53
36.26

11.20
15.63

Akron Division (A. & C. J. RR)
Loop Line
Wooster Branch (C., W. &M. V. RR).
Total Mileage West of Ohio River.
Total Mileage of System . . .

12.37
' 3"24

773.27

89.23 279.41

1,141.91

.. 2,046.031650.65 880.06 3,5b2. 74

POOR'S MANUAL — BALTIMORE AND OHIO RE. CO.

303

Statement showing the length of all lines at the close of each fiscal year from 1865 to

1897

Year.

1865...
1866..
1867...
1868. . .
1869

Miles.
. .523.20
. .660.50
. .716.70
..718.20
. .834.45

Year.
1870.
1871.
1872.
1873.
J874..

Miles.
...854.83
...889.33
...936.03
.1,027.83
.1,311.33

Year.
1875.
1876.

1877.
1878.
1879.

Miles.
.1,311.33
.1,485.13
.1,485.13
.1,485.13
1,485.13

Year.
1880.
1881.
1882.
1883.
1884.

Miles.
.1,538.23
.1,538.23
.1,538.23
.1,596.13
.1,620.29

Year.
1885.
1886.
1887.
1888.
1889.

Miles. Year.
.1,640.91 1890.
.1,757.61 1891.
.1,757.61 1892.
.1,775.46 1893.
.1,784.09 1894.

Miles.
.1,879.39
.1,975.47
.2,037.08
.2,065.43
.2.065.43

Year. Miles.
1895.. 2,094. 65
1896.. 2,095 .03
1897.. 2,046.03

The earnings and expenses of the Berkeley Springs and Potomac RR., the Bay Ridge and
Annapolis RR., the Salisbury RR., the Metropolitan Southern RR., and the Schuylkill River

_ East Side RR. not being included in the following statement, the length of those lines is
deducted from the mileage on which the averages per mile are based. The three first named
roads are simply operated by the B. & O. RR. Co. as agent for their owners. The Metro-
politan Southern RR. is not in operation, being incomplete. The Schuylkiil River East

. Side RR. is operated by the B. & 0. RR. Co., but the general results of such operation only
are shown in the accounts of that company. The Strasburg and Harrisonburg branch of the
Virginia Midland Ry., 49 miles in length, having been operated dnring the first five months
of the fiscal year, the average length of it for that period, 20.42 miles, is included in the
mileage on which the averages are based.

Income Account, year ending June 30, 1897 (average, 2,031.05 miles).

Earnings— Passenger $5,059,001 92

Freight 18,336,851 87

Mail and Express 1,338,026 24

Miscellaneous " 848,242 28

Total ($12,644.75 per mile) $25,582,12231

Expenses— Conducting Transportation... $10,463,294 02
Maintenance of Equipment. .. 3,521,843 20
Maint. Way and Structures... 4,133,761 32

General Expenses 1,893,196 27

Total ($9,853.08 per mile) $20,012,093 81

Net earnings (21.77 p. c.), $5,570,028.50 ; deduct net earnings of Washington Branch,
$16,754.84; net revenue, $5,553,273.66. Add interest, $26,245.32; dividends, $134,682.58;
house rents, $22,229.72; Western Union Telegraph annuity, $60,000; sterling main line sink-
ing funds, $143,163.24; Schuylkill River East Side earnings, $311,330.59; miscellaneous
receipts, $43,065.04— total, $1,040,716.49. Total revenue, $6,593,990.15. Charges : Interest
on bonds, $5,346,674.26; rentals, $1,499,622.76; general interest, discount on loans, and pre-
miums on exchange, $355,434.20; taxes, $524,668.62; ground rents, $44,711.43 — total, $7,771,-
111.27. Balance, deficit, $1,177,121.12.

Statement of net earnings and income, fixed charges, on the several lines of the system,
together with the profit or loss, and the construction account upon each for the fiscal year
ending June 30, 1897 :

Net Earnings
and Income.

Charges, includ-
ing Rentals,
Taxes and interest
on Loans and Dis-
counts.

Profit or Loss.

Construction.

Main Line and Branches (see p. 302)

3,583,611 21
536,676 22
504,88567
dtf. 35,82672
69,604 62
61,00440
90,60798
80,879 78
def. 16,912 46
* 599,200 84
91,22222
def. 11,680 10
311,330 59

$

3,677,003 34
657,096 48
1,300,781 30
4,791 72
204,330 60
132,646 56
472,569 07
232,89544
43,68697
709,641 67
109,917 76
75036
225,00000

$
L. 93,392 13
L. 120,420 26
L. 795.895 63
L. 40,61844
L. 134,725 98
L. 71,642 16
L. 381,961 09
L. 152,015 66
L. 60,599 43
L. 110,44083
L. 18,69551
L. 12,430 46
P. 86,330 59

$
954,938 30
4,00800
772,279 53
17,5923!)
7,815 03

Philadelphia Division (see p. 302)... ....

Pittsburg Division (see p. 302)

Wheeling, Pittsburg and Baltimore RR. Co
Parkersburg Branch RR

Columbus & Cincin. Midland RR. (Midland Div).
Central Ohio RR. (Central Ohio Division)

38,707 69
19,958 14
48450
38,98711
66103
42700
38,082 13

Sandusky, Mansfield and Newark RR. (L. E. Div).
Newark, Somerset & Straitsv. RR. (Straitsv. Div).
Bait, and Ohio and Chic. RR. Cos. (Chicago Div). .
Akron and Chicago Junction RR. (Akron Division)
Cleveland, Wooster and Muskingum Valley RR.
Schuylkill River East Side RR

Miscellaneous Income $1,040,716 49

5,864,604 25
729,385 90

7,771,111 27

L. 1,906,50702
P. 729,385 90

1,893,940 85

Less— Schuylkill River E. S. RR. as
above 311,330.59

Totals ".
Washington Branch

6,593,990 15
16,754 84

'17,821*94'

L. 1,177,121 12
L. 1,067 10

1,55595

Aggregate Entire System ,

6,610,744 99

7,788,938 21

L. 1,178,188 22

1,895,49680

Subject to future adjustment of excess allowance in earnings account Chicago Terminals.

304

POOK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

SUMMARY. • x.

Aggregate Earnings of Entire System as above $6,610,744 99

Charges of Entire System as above 7,788,933 21

Deficit. . $1,178,188 23

Less— Deficit Washington Branch .

1,067 10

Deficit as per General Income Account $1,177,121 12

NOTE. — In the preceding statement the main line and branches embrace the Winchester and Potomac,
the Winchester and Strasburg, and the Harrisonburg Branch (5 mos. to Nov. 30, 1896) ; tke South Branch ; the
Fairmount, Morgantown and Pittsburgh; the Confluence and Oakland; the Grafton and Belington ; the Washing-
ton County; the Baltimore and New York; the Baltimore Belt; the Lancaster, Cecil and Southern. The Phila-
delphia Division embraces the Baltimore and Philadelphia RR., and the Philadelphia Branch. The Pittsburgh
Division embraces the Pittsburgh and Connellsville; the Somerset and Cambria; the Hickman Run; the
Mount Pleasant and Broadford; the Fayette County; the Berlin; the Ohio and Baltimore Short Line (Eastern
Division).

No proportion of the amount charged off to profit and loss for depreciation of equipment, including that
part out of service, $1,155,828.95 (see Profit and Loss Account, page 310), has been included in the above table
as charged against lints or divisions named.

No charge has bf-on made against the following lines for use of Baltimore and Ohio equipment: No
charge for cars— Baltimore and Ohio RR., Confluence and Oakland RR., Akron Division; no charge for engines
— Grafton and Belington RR., Berlin RR. ; no charge for cars or engines — Philadelphia Division, South Branch
RR., Parkersburg Branch RR., Central Ohio Division, Lake Erie Division, Straitsville Division, Chicago Divi-
sion, Midland Division. Repairs of Baltimore and Ohio equipment, however, were distributed over the main
stem, including the Parkersburg Branch, and over the Central Ohio Division, the Lake Erie Division, tht
Straitsville Division, the Chicago Division, the Midland Division and the Akron Division, on the basis of the
proportion of the engine and car mileage of such equipment on the lines named.

For detailed statement of dividend payments, see MANUAL for 1895, page 328. The pre
ferred stock dividend of July 1, 1896, was passed, and an action was brought by holders of
1st preferred stock to compel payment of their dividend and to establish a claim to a prior
lien on the property. The suit was dismissed in July, 1897.

Abstract of income accounts, 1892 (9 mos.) to 1897, inclusive:

1892

June 30.
(9 mos.)

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Gross Earnings

18,927,574
13,866,578

$
26,214,807
19,041,982

9

22,502,662
15,560,689

$
22,817,182
15,801,044

23,944,781
17,583,4-20

$
25,582,122
20,012,094

Operating Expenses

Net Earnings from Operations. . .
Deduct Net Earnings from Wash. Br.

Net Income

5,060,996
119,764

7,172,825
213,537

6,941,973
205,001

7,016,138
174,410

6,361,361
99,926

5,570,028

16,754

4,941,232

49,451
444,576
17,656
45,000
190,544
199,622
613,254

6,959,288

42,628
1,002,252
26,982
60,000
314,629
331,119
473,768

6,736,973

354,429
545,489
25,444
60,000
313,961
291,762
391,772

6,841, 729

193.807
481,045
24,812
60,000
275,079
240,152
352.701

6,261,435

35,267
461,837
22,931
60,000
179,001
292,140
17,749

5,553,274

26,245
434,683
22,230
60,000
143,163
311,331
43,065

Cash received from Interest on Bonds
Cash reed. & Decl'd Div. on Stocks.. .
Prom House Rents

W. U. Tel. Co. Account Annuity
Sterling Main Line Sinking Funds. . .
Schnylkill River East Side Earnings. .
Miscellaneous

Available Revenue

6,501,335

1,654,539
392,040
884,170
135,000
290,400
168,750
821,940
25,963
207,014
330,562
(1J) 312,429
(3) 90,000
(3) 60,000

9,210,666

2,203,288
522,720
1,178,893
IKi.OOO
387,200
225,000
1,273,037
43,145
256,813
427,129
(20 624, 923
(6) 180,000
(6) 120,000

8,719,830

2,174,638
522,720
1,178,895
180,000
387,200
225,000
1,157.350
43,481
196,243
457,054
(2i) 624,935
(6) 180,000
(6) 120,000

8,469,324

2,473,505
522,720
1,178,893
180,000
387,200
225,000
1,188,460
43,450
114,986
445,429

7,330,360

2,373,198
522,720
1,178.893
180,000
387,200
225,000
1,530,463
43,706
280,550
481,125

6,593,990

2,676,611
612,72(1
1,265,14&
180,000
387,200
225,000
1,499,623
44,711
355,434
524,66(1

Interest paid on B. & O. Loans . ..„.
Interest on Phil. Div. Loans

Interest on Pittsb'g Div. Loans
Loan of 1879 forac. of Parkersb.Br.RR
Loan of 1877 on ac. of B.& O. & C. RR.
Schuylkill River East Side RR. 6s
Rentals Leased Lines

Ground Rents

General Int., Disc., and Exchange . . .

Dividends on Common Stock

Dividends on 1st Preferred Stock
Dividends on 2d Preferred Stock. . . .

Total Payments

(6) 180,000
(6) 120,000

(3) 90,000
(3) 60,000

5,732,807
1,128,528

7,622,148
1,588,518

7,447,516
1,272,314

7,059,643
1,409,681

7,352.855
def. 22,495

7,771,111
flte/1,177,12:1.

Balance, Surplus

Earnings, etc. , 10 months ending April 30, 1898.— Gross earnings, $22,718,835. Operating-
expenses, $16,634,685. Net earnings, $6,084,150. As compared with those for the corre
sponding period of the previous fiscal year these figures show increases of $1,372,841 in gross-)
earnings, $52,243 in operating expenses, and $1,320,598 in net earnings.

POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.

305

Operations of lines east of the Ohio River for year ending June 30, 1897 :

Main Line
and
Branches.*

Philadel-
phia
Division.t

Pittsburgh
Division.^

Wheeling,
Pitts. &
Balto. Div.

Parkers-
bnrgh
Branch.

Washing-
ton
Branch.

Total East
of Ohio
River.

Miles of RR. Operated. .
Eng. Mileage— Past-eng'r
Freight..
Car Mileage- Passenger.
Load Fgt.
Erap. Fgt.

707.06
3,109,812
10,433,335
13,079,561
111,474,498
66,446,057
3,770,290
96,595,181
16,168,553
l',798,393,258
$
1,698,744 98
9,754,031 71
348,380 44
331,66387
748,156 54

114.42
1,176,631
1,429,890
5,241,784
17,716,094
7,717,824
1,625,449
40,249,064
5,951 ,503
236,645,697
1
649,263 99
1.098,45694
32,166 85
37,953 79
23,952 65

236.20
1,094,333
2,767,008
4,211,526
24,115,389
12,171,051
1,848,082
35,017,474
7,802,924
368,920,467
$
654,176 94
2,231,587 46
48,380 90
31,698 63
16,417 59

65.80
210,383
721,917
782,775
4,135,179
2,871,357
327,987
8,749,263
1,808,361
65,300,297
$ •
177,250 17
445,248 15
10,979 88
3,68605
7,043 58

103.30
409,146
990,805
1,850,241
8,882,088
3,431,469
309,826
10,083,454
1,468,381
111,297,725

s

200,205 86
461,201 32
67,604 83
15.249 97
3,375 58

31.00
817,742
209,929
2,852,512
902,440
326,886
1,736,231
32,844,594
460,544
10,624,412
$
475.161 70
140;498 62
9,11380
18,960 56
Dr. 52 79

1,257.78
6,818,047
16,552,889
28,018,394
167,2*5,688
92,964,644
9,617,865
223,539,030
33,660,266
2,591,181,856

S

3,860,803 64
14,121,08420
516,620 70
429,212 87
798,893 15

Pass. Carried one Mile..
Tons Freight Moved
Tons Fgt. Moved one M.

Earnings— Passenger . . .
Freight

Mail

Express
Other

12,870,977 54

4,568,125 05
1,849,476 22
l,850,r,1582
1,019,24924

1,841,79422

744,994 27
109,653 99
326,998 97
123,470 82

2,972,261 52

1,380,33608
319,734 73
568,957 51
198,347 53

644,207 83

354,85401
81,23824
206,458 03
37,48427

753,697 56

299,606 53
136,281 94
198,747 79
49,456 68

643,68189

380,93334
10,215 54
195,185 97
40,593 20

19,726,620 56

7,728,849 23
2,506,600 66
3,346.864 09
1,468,600 74

Exp.— Transportation. . .
Maint. of Equip.
Maint. of Way...
General ....

Total Expenses

9,287,366 33
3,583,611 21

18,203 51
13,135 19
5,06832
72.16 p. C.
1.76c.
0.54 c.

1,305,11800
636,676 22

16,096 79
11,40633
4,690 46
70.86 p. c.
1.61 c.
0.46 c.

2,467,375 85
504,885 67

12,583 66
10,446 13
2,13753
83.01 p. c.
1.87C.
0.60 c.

680,03455
D. 35,826 72

9,790 39
10,334 87
Def. 544 48
105.56 p. c.
2.03 c.
0.68 c.

684,092 94
69,604 62

7,29620
6,622 39
67381
90.76 p. c.
8.04 c.
0.41 c.

626,92705
16,754 84

20,763 93
20.22345
54048
97.39 p. c.
1.45 c.
1.32 c.

15,050,914 72
4,675,705 84

15,68368
11,96625
3,717 43
76.29 p. C.
1.65 c.
0.54 c.

Net Earnings

Gross Earnings per M. . .
Gross Expenses per M . .
Net Earnings per Mile..
Expenses to Earnings. . .
Aver. Rate p. Pass. p. M.
Aver. Rate p. Ton p. M.

* Including the following roads: Winchester and Potomac; Winchester and Strasburg, and the Harrison-
burg Branch (5 mos.); the South Branch; the Fairmont, Morgantown and Pittsburgh; the Confluence and
Oakland; the Grafton and Belington; the Washington County; the Baltimore and New York; the Baltimore
Belt, and the Lancaster, Cecil and Southern RRs.

t Embracing the Baltimore and Philadelphia RR. and the Philadelphia Branch.

t Embracing the following roads: Pittsburgh and Connellsville; the Somerset and Cambria; the Hickman
Run; the Mount Pleasant and Broadford; the Fayette County; the Berlin; the Ohio and Baltimore Short Line
(Eastern Division).

Operations of lines west of the Ohio River, year ending June 30, 1897 :

Central
Ohio
Division.

Lake
Erie
Division.

Straits
ville
Division.

Chicago
Division.

Midland
Division.

Akron
Division.

Total
West of
Ohio River.

Miles of RR Operated

143.83
562,814
1,790,969
2,596,988
17,836,720
9,103,922
453,871
18,180,059
2,523,307
.214,632,965
$
343,873 71
784,493 61
39,827 63
36,665 33
21,667 85

116.25
331,129
1,082,719
1,462,116
13,051,000
8,206,911
269,156
8,717,03J
2,114,799
172,402,158
$
160,787 04
659,394 43
31,279 68
27,555 03
2,14063

46.70
58,875
178,365
119,460
1,189,208
1,068,336
29,225
440,201
481,809
20,367,965
$
10,449 84
108,136 18
2,363 52
317 98
425 57

282.37
1,073,581
2,210,111
5,555,995
32.423,006
17,290,115
465,118
27,856,384
2,360,402
412,887,295
$
492,364 83
2,110,922 62
120,167 20
77,588 22
19,760 35

71.20
218,208
221,091
884,673
2,011,714
903,602
192,215
5,978,165
410,724
23,554,682
S
115,358 29
216,744 32
14,206 69
9,619 90
4.955 85

112.92
237,209
304^36
917,195
5,070,474
2,375,785
105,648
4,908,400
955,294
64,048,839
$
75,364 57
336,07651
20,85329
11,74220
89888

773.27
2,481,817
5,787,791
11,536,427
71,582.122
38,848,671
1,515,233
66,080,245
8,846,335
907,893,904
$
1,198,198 28
4,215,767 67
228,698 01
163,488 66
49,349 13

Engine Mileage— Passenger. . .
Freight
Car Mileage — Passenger

Loaded Freight.
Empty Freight..

Passengers Carried one Mile..
Tons Freight Moved

Tons Freight Moved One Mile.
Earnings Passenger

Freight

Mail .

Miscellaneous
Total Earnings

1,226,528 13

602,846 42
291,391 80
159,727 37
81,954 56

881,156 81

432,040 93
176,550 51
126,275 46
65,41013

121,693 09

63,423 49
20,954 80
45,211 27
9,015 99

2,820,803 22

1,294,363 45
425,873 00
314,560 86
186,805 07

360,88505

133,941 07
43,418 05
74,962 11
47,559 42

444,435 45

207,82943
57,053 38
66,160 16
33,85036

5,855,501 75

2,734,444 79
1,015,241 54
786,897 23
424,595 53

Expenses — Transportation
Maint. of Equip..
Maint. of Way

Total Expenses
Net Earnings

1,135,920 15
90,607 98
8,527 62
7,897 66
629 96
92.61 p. c.
1.89c.
0.37 c.

800,27703
80,879 78
7,579 84
6,884 10
69574
90. 82 p. c.
1.84 c.
0.38 c.

138,605 55
D. 16,912 46
2,605 85
2,968 00
Dff. 362 15
113.89 p. c.
2.37 c.
0.53 c.

2,221,602 38
599,200 84
9,989 74
7,867 70
2,122 04
78.76 p. c.
1.77c.
0.51 c.

299,880 65
61,004 40
5,068 61
4,21181
85680
83.09 p. c.
1.93c.
0.92 c.

364,893 33
79,54S 12
3,935 84
3,231 43
70441
82. 10 p. c.
1.54 c.
0.52 c.

4,961,179 09
894,322 66
7,572 39
6,415 84
1,156 55
84. 73 p. c.
1.81 c.
0.46 c.

Gross Earnings per M ile
Gross Expenses per Mile
Net Earnings per Mile

(Expenses to Earnings
j^ver. Rate per Pass, per Mile.
^ver. Rate per Ton per Mile. .

306

POOR'S MANUAL OF EAILROADS — RAILROAD "SYSTEMS.'

Statement showing the operations, earnings, etc., on the lines east and on those west of
the Ohio River, and the aggregate for the entire system, for seven fiscal years:

1891

Sept. 30.

1892 1 QOQ

June 30. T™?£n
(9 mos.) Jnne 80<

1894

June 30.

1895

Jnne 30.

1896

June 30.

1897

June SO,

Eaetern System :
Miles of RR. Operated. . .
Pass. Engine Mileage —
Freight Engine Mileage .

1,213.00
6,152,262
9,715,623
11,052,089
242,997.890
23,947,667
1,867.229,238
$
4,452,101
13,121,818
361.096
458,271
691,051

1,242.80 1,261.58
5,462,283 7,496,821
18,115,443: 15,685.093
6,215,867 12,318,789
173,194,989; 293.600.662
20,914,813 25,796,725
1,461,750,708 1,917,515,788
S s
3,144,179 4,875.311
9,978.571 13,284,449
281,428 371.267
371,2*3 488,492
578,026 737,228

1,278.78
6,972,805
13,009.998
10,531.384
265,654,507
21,294,500
1,645,950,708
$
4.250.307
11,043,858
489.087
500,490
737,471

1,285.98
6,770,308
13,685,746
9,699,649
220,888.356
25,256.348
1,812.643.574
S
3,846,496
11,984,614
497.170
446.117
813,992

1,286.36
7,102,824
14,531,491

10,027.248
229,833,523
29,800,833
2,020,615,541
S
4,011,597
12,683,915
517,653
446,174
413,910

1,257.78
6.818,047
16,552.884
9.617.8R6
223,539.030
33.660.21)6
2,591,181.856
S
3.860,804
14.1-.2U84
.M6.627
42^.218
798.398

Passengers One Mile —
Freight (tons) Moved . .
Freight (ton) Miles

Passenger Earnings
Freight Earnings

Mail Earnings

Express Earnings

Other Earnings

Total Earnings

18,984,387
12,426,799
6,557,538

15,65073
10,24468
5,40605
65.47 p. C.
1.83c.
0.70 c.

660.36
2,270,541
3,476,48f.
1,584,492
84,392,845
7,134,301
715,736,124
8
1,522,441
3,691,202
132,446
151,793
48,176

14,353.487
9,986,079
4,367,408

11,53817
8,02739
3,510 78
69.57 p. c.
l.Slc.
0.69 c.

739.61
2,000,659
3,957,692
1,136,822
64,211,553
5,700,307
578,189,239

1,181,129
3,121,871
102,978
125,417
42,693

19,756,747
13,661,797
6,094,950

15,655 11
10.825 51
4.82960
69.15 p. c.
1.66 c.
0.69 c.

755.75
2,735,812
5,277,356
1,817,819
104.237.502
7.860,514
759,155,962
S
1,742,619
4.277,547
215,612
171,139
51,144

17,021,213
11,320.057
5,701,156

13,308 22
8.85071
4,457 51
66.52 p. c.
1.59c.
0.67 c.

755.75
2.805,778
4,131,421
2,071,923
151,866.466
5,483.793
501,910,144
$
2,180,751
2,87-2.618
210,534
174.481
43,065

17,588,389
11,543,372
6,045,017

13,676 82
8,976 18
4,70064
65.63 p. c.
1.74c.
0.66 c.

758.11
2,449.402
4,420.435
1,389,634
65,165,218
6,792,023
643,971,256

8

1,202,601
3,606,448
209.433
165.621
44,690

18,073,249
12,877,583
5,195,666

14.049 92
10,010 87
4,03905
71.25 p. c.
1.75 c.
0.63 c.

773.27
2,534,448
5,034.856
1,524,652
68,000.989
8,192,673
815,623,242
S
1,304,346
4,134,757
209,652
167,193
55,583

19,726. C21
15,050.315
4,675, TO*

15.68-? 09,
11.961 »,
3.7K 48
76.29 p. c~3
1.65c.
0.54 c.

773.87
2,481.817
5,787.791

1.515.238
66,080.045
8,846.385
907.893.SI04
'$
1,198.198
-1. 215.768
008.5! 18
1153.489
49.349

Operating Expenses
Net Earnings ........

Gross Earnings p. M
Gross Expenses p. M. . .
Net Earnings per Mile. . .
Expenses to Earnings
Aver. Rate per Pass. p. M.
Aver. Rale p. Ton p. M. .
Western System:
Miles of RR. Operated. . .
Pass. Engine Mileage —
Freight Engine Mileage.
Passengers Carried
Passengers One Mile. . . .
Freight (tons) Moved. . .
Freight (ton) Miles

Passensrer Earnings
Freight Earnings

Mail Earnings

Express Earnings

Other Earnings

Total Earnings
Operating Expenses

5,546,058
4,651,434
894,624

8,39854
7,04379
1,35475
83.87 p. C.
1.84 c.
0.51 C.

1,902.01
8,422.803
13,192,109
9,993,583
327.317.779
14,858,972
2,582.876,389

8

5,974,542
16,813,020
493,546
610,064
639,227

4,574,088
3,880,499
693,589

6,18446
5,24668
93778
84.84 p. c.
1.84 c.
0.54 c.

1,983.31
7,462,942
16,073.135
7.352.689
235.866.555
11,621,410
2,027.787,942
8
4,325,308
13,100,441
384,406
496,700
620,719

6,458,061
5,380,185
1,077,876

8.545 23
7,11900
1,42623
83.31 p. c.
1.67C.
0.56 c.

2.052.93
10,232,0*3
20,962.449
10,956.156
397,838.164
16,.356.405
2.676,671,750
S
6,617,929
17,561,997
586,879
659,631
788,370

5.481.449
4,240,631
1,240,818

7.252 99
5,611 16
1,641 83
77.36 p. c.
1.44 c.
0.57 c.

2,065.43
9,778,583
17,141.419
9,626.928
417,*20.973
13.457,175
2,147.860.852
S
6,431,058
13,916,476
699,620
674,971
780,537

5.228.793
4,257,672
971,121

6.897 14
5,616 16
1,28098
81.43 p. c.
1.85 c.
0.56 c.

2,073.49
9,219,710
18,106,181
8,207,608
286,053.574
16,080.423
0,456,614,830
S
5,049,097
15,591,062
706,603
611.738
858,682

5,871,532
4,705,837
1,165,695

7,593 12
6,085 63
1,507 49
80.15 p. C.
1.92c.
0.51 c.

2,089.08
9,637,272
19,566,347
8,567,194
297,834.512
17,861,927
2,836,2:38,783
8
5,315,943
16,818,672
727,305
613,368
469,493

5.855.508
4.961.179
894.328

7,57289
6,415 84
1,15656
84.73 p. C..
1.81 c.
0.46 c.

2,031.06
9,299,864
2-2,340.tiT5
3,344.078
;«9,619,878
18,716,656
%499.075,7flO
$
5,05<.',W8
18,336 ,868
74^.3*
59-2,701
848,248

Net Earnings

Gross Earnings p. M
Gross Expenses p. M
Net Earnings per Mile. . .
Expenses to Earnings
Aver. Rate p. Pass. p. M.
Aver. Rate p. Ton p. M. .
Entire System:
Miles of RR. Operated . .
Pass. Engine Mileage . . .
Freight Engine Mileage..
Passengers Carried

Passengers One Mile
Freight (tonst Moved
Freight (ton) 'Miles

Passenger Earnings. . . .

Freight Earnings

Mail Earnings

Express Earnings

Other Earnings

Tolal Earnings

24,530,395
17,078.234
7,452,161

12.897 09
8,97904
3,918 05
69.62 p. c.
1.81 C.
0.65 c.

18,927,574
13,866,578
5,060,996

9,54343
6,991 63
2,55180
73.26 p. c.
1.82 c.
9.64 c.

26,214,806
19,041.981
7,172,825

12,769 02
9,275 14
3,49388
72.64 p. c.
1.65 c.
0.65 c.

22,o02,(!62
15,560.689
6,941,973

10,894 90
7,53387
3,361 03
69.15 p. c.
1.53 c.
0.64 c.

22,817,182
15,801,044
7,016,138

11,00424
7,620 56
3,383 68
69.26 p. C.
1.7iic.
0.63 c.

23,944,781
17,583,420
6,361,361

11,461 88
8,416 82
3,045 06
73.43 p. c.
1.77c.
0.59 c.

25,582,188
20,011i,flW
5,570,0»

12,6-1475
9,a">308
2.7111 «7
78.23 F- C-
1.750.
0.52 o. '

Operating Expenses
Net Earnings

Gross Earnings p. M
Gross Expenses p. M
Net Earnings per Mile.
Expenses to Earnings . . .
Aver. Rate per Pass, p M
Aver. Rate p. Ton p. M. .

NOTE.— It will he observed that the number of passenge
system are less than the sum of those moved over the Eastei
tables. This is due to the elimination from the total of dupl
another.

•s and of to
•n and West
ications ran.

is of freight moved over the entire
em systems, as shown in preceding
>ed bv transfers from one system to

POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.

307

11,616,00000
11,988,00000

6,147,00000— 29,751,00000

3,000,000 00
7,744,000 00
10,000,00000— 20,744,00000

General Balance Sheet, June 30, 1897.
Cr.

Capital Stock— 1st Preferred, $3,000,003 ; 2d Preferred, $2,000,000 $5,000,000 00— $5,000,000 00

Common, $24,997,700 $24,997,700 00

Scrip, $2,300 2,30000—25,000,00000— 30,000,00000

Ground Kent Lien?— Capitalized at 6 p. c. — Main Stem 673,798 33

Philadelphia Branch 16,916 67

Belt Line 13,00000

Md. Construction Co 76,073 67— 779,782 67

Real Estate Mtges.— Main Stem 5,000 00

Maryland Construction Co . 95,00000— 100,00000

Bonded Debt Secured by Mtge. Lien Main Line :

Loan 1853, due 1880, extended at 4 p. c., Jan. and July $361,500 00

Less bonds in treasury cancelled • 2,500 00— 359,000 00

Loan 1853, due 1935, extended at 4 p. c., April and Oct 2,500,000 00

Less paid and cancelled $790,500 00

Less bonds in treasury cancelled 49.000,00— 839,500 00— 1,660,500 00

Loan 1875, due 1900, purch. of City's interest in P. & C. RR 1,000,000 CO

Less 20 annual payments to July 1, of $40,000 each ; 5 annual

payments yet to be made, 6p.c 800,000 00— 200,000 00

Loan 1872, due 1902, £2,000,000 sterling at $4.84, March and Sept. 6 p. c 9,680,000 00

Loan 1874, due 1910, £2,000,000 sterling at $4.84, May and Nov., 6 p. c 9,680,000 00— 21,579,500 00

Bonded Debt Secured by Mtge. Lien and Collateral :

"« " Loan 1883, due 1933, £2,400,000 s. at $4.84, Apr. & Oct., Phila. Br., 4| p. c. .

"tf" Loan 1887, due 1988, Consol. Mtge., Aug. and Feb., Main Stem, 5 p. c ...

"d " Loan 1887, dne 1988, Consol. Mtge., Aug. and Feb., Main Stem, 5 p. c.

coupons payable in new bonds

Bonded Debt Secured by Collateral :

" a" Loan 1879, due 1919, Parkersbnrg Branch Loan, April and Oct., 6 p. c. ..
"ft" Loan 1877, due 1927, £1,600 s. at &.84 (B. &O. AC.), June and Dec., 5 p. c.
" c " Loan 1885, due 1925, on acc't Pitts. & Connelsville, Feb. & Aug , 5 p. c. . .

Other Bonded Indebtedness :

"/•" Loan 1894 (terminals'), due 1934, Dec. and June. 4} p. c 8,500,000 00

Baltimore Belt 1st Mtge. Bonds, due 1990, May and Nov., 5 p. c 6,000,000 00— 14,500,000 00

Receivers' Certificates :

Series I, dne 1899, June and Dec., 6 p. c 5,000,00000

Series II. dne 1899, June and Die., 5 p. c 932,000 00

Series III, due 1900, Jan. and July, 5 p. c 650,00000

Special, account purchase of Car Floats, due 1900 17,000 00— 6,599,000 00

Car Trust Bonds and Lease Warrants. (See page 313) 6,348,31581

Bonds Assumed by the Baltimore and Ohio RR. :

Northwestern Virginia RR. Co., 6 p. c 132,000 00

Bal., Wash. & Alex. Br. of the Wash. City & Point Lookout RR. Co., 6 p. c. . 540,000 00— 672,000 00

Due to the Sinking Funds— In 5 p. c. Consolidated Bonds 810 02

In cash 138,12625— 138,93627

Miscellaneous Liabilities :

Dividends and Coupon Interest uncalled for 11,319 20

Due 19 the Baltimore and Ohio Employes' Relief Department 760,037 68

Washington Branch, including annuity 688,88405

Due to other Roads on General Account 1,240,181 80

Tariff Balances due to Connecting Lines 135,739 65

Accrued interest on Funded Debt and Loans to June 30, 1897 2,026,363 84

Accrued Rentals to June 30, 1897 745,053 10

Accrued Taxes to June 30, 1897 284,98890

Special Loans and Bills Payable— Bills Payable and Loans 6,471,424 13

Baltimore Belt RR. notes 1,290,000 00— 6,761,424 13

Pay Rolls for June, payable in July 941,019 15

Accounts Payable— Company, $60,121.42 ; Receivers, $1,771,993.15 1,832,114 57

Individuals and Companies 1 ,083,134 37

Unclaimed Wages ; 22,843 54

Wages Attached 8,943 (56

Profit and Loss 2,110,277 46

Total Liabilities $149,864,84985

Dr.

Cost of Railroad and Branches, second, third and fourth tracks, comprising 801 59
miles of standard gauge single track, 295.35 miles of siding track, and includ-
ing telegraph wires and equipments, owned by the company, and value of
annuity retained under Western Union contract, depots, stations, ware-
houses, shops, fixed machinery in same, Canton Ferry, wharves in Baltimore,

Philadelphia and New York $37,264,79097

Bridge over Ohio River at Benwood, W. Va 1,038,818 36

Bridge over Ohio River at Parkersburg, W. Va 1,353,423 68— $39,651,03301

(Continued on page 308.)

308

POORS MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Equipment— Baltimore and Ohio : Marine $666,076 69

Engines and Cars 6,681,686 87— $7,247,762 06

Car Trusts ' 10,108,590 92— $17,356,352 98

Electric Plant— Baltimore Belt RR. . . 182,878 39

Power House and Lighting Plant 373,730 25— 556,608 64

Real Estate— B. & O. : Cost to the Company 4,736,721 76

Maryland Construction Co 991,380 86— 5,728,102 62

Cost of other Roads Owned by the Baltimore and Ohio RR. Co. :
Baltimore and Ohio and Chicago RR.—
" b " Represented by bonds held by Trustees. . .$7,744,000 00

" b " Represented by stock held by Trustees 1,445,000 00

"ft" Repres'd by stock held by B. & O. RR. Co. 58,450 00— $9,247,450 00

Ohio and Baltimore Short Line RR f 294,527 45

Bal.. Wash. & Alex. Br. of the Wash. City & Point Lookout RR 540,000 00

Philadelphia Branch RR 7,248,655 06

Baltimore Belt Line RR 6,352,824 65— 14,436,007 16

Cancelled Miscellaneous B.&O. Cons'
Sinking Funds : Bonds of Issue. Bonds. dated 5 p. c.

On account Ster. Loan, due 1902 $378,48800 $2,429,50000 $3,247,00000— 6,054,98800

On account Ster. Loan, due 1910 45,49600 93J,72800 2,900,00000— 3,881,22400

$423,98400 $3,365,22800 ?6,147,000 00

On account Ster. Loan, due 1927 1,054,152 00

On acct. Bal., Wash. & Alex. Br. of the Wash. City & Point Look. RR. Co. . 79,000 00— 11,069,364 00

Uninvested Increment and Appropriations of Sinking Funds— In Bonds 810 02

In Cash 138,12625— 138,93627

Bonds, Stocks and Properties Held by Trustees as Security for Bonded Debt :

' o," Parkersburg Branch RR. 1 st Mtge. Bonds 3,090,000 00

' b " Baltimore and Ohio and Chicago RR. 1st Mtge. Bonds 7,744,000 00

' 6 " Baltimore and Ohio and Chicago RR. Stock 1,445,000 00

' c " Pittsburg and Connellsville RR. 2d Consol. Mtge. Bonds 10,000,000 00

' d " Wheeling, Pittsbnrg and Bal. RR. 1st Mtee. ($5,000.000) Bonds 3,003,186 52

' d " Baltimore and Philadelphia RR. Co. 1st Mtge. (£1,000,000 Bonds) 4,840,000 00

' e " Washington Branch Stock 1,028,000 00

'/" Terminals (Loan 1894) :

Terminal Properties $8,107,617 53 1 R >wi rvm nn <w wi 17R 12

Cash with Depositaries 392,382471 «.500,000 - 39,560,17658

ARscettane&us Assets :

Bonds and Stocks of other Incorporations 13,166,163 70

Advances for Construc'n and Permanent Imp. on Lines leased and operated. 903,041 31

Due from other Railroads in General Account ; 759,302 83

Traffic Balances due from Connecting Lines 734,697 05

Unearned Interest, Milton Car Works 56,337 67

Bills and Accounts Receivable 1 ,338,861 04

Materials on Hand (Supplies, Fuel, etc1.) 1,392,916 86

Due from Agents, Current Freight and Passenger Balances 1,817,432 37

Cash in Hands of Officers and Agents 41,93851

Cash in Hands of Foreign and Dom. Agents to pay Coupons due July 1 19,385 16

Cash in Hands of Treasurer :

General Treasury 417,173 11

Receivers' Certificates, Series 1 42,38348

Receivers' Certificates, Series II 125,397 80

Receivers' Certificates, Series III 553,227 76— 1,138,182 15

Total Assets ; $149,864,849 85

[NOTE.— The letters "a," "6," " c," " tf," "«," and "/," on both sides of the balance sheet, show the rela-
tions between the several items to which they are prefixed.]

BONDS FOB WHICH THE COMPANY is GUARANTOR, PRINCIPAL AND INTEREST.

The Bonds for which this Company is guarantor are as follow :

1st mtge. 4^ p. c. bonds of the Baltimore and Ohio Southwestern RR. Co $11,000,000

1st mtge, 4i p. c. bonds of the Baltimore and Ohio Southwestern Ry. Co., being the Company formed by
the consolidation of the Baltimore and Ohio Southwestern RR. Co., and the Ohio and Mississippi

Ry. Co. under above title 12,000,000

1st mtge. 5 p. c. bonds of the Schuylkill River East Side RR. Co 4,500,000

2d mtge. 5 p. c. bonds of the Staten Island Rapid Transit RR. Co 2,500,000

1st mtge. 6 p. c. bonds of the Valley RR. Co. of Virginia (held in sinking funds) 527,000

1st mtge. 6 p. c. bonds of the Winchester and Potomac RR. Co 147,250

The annual interest on these bonds is $8,835, and is paid out of the rental.

Consol. mtge. 6 p. c. Sterling bonds of Pittsburgh and Connellsville RR. Co. (£1,373,600) 6,648.224

1st mtge. 5 p. c. oondsi of the Baltimore and New York Ry. Co 350.000

1st mtge. 5 p. c. bond-s of the Monongahela River RR. Co 700,000

1st mtge. 4 p. c. bonds of the Cleveland Terminal and Valley RR. Co 6,000,000

Columbus and Cincinnati Midland

1st mtge. 4£ p. c. bonds of the Columbus and Cincinnati Midland RR. Co. amounting to 2,000,000

have been guaranteed by the Central Ohio RR. Co. as reorganized, and the Baltimore and Ohio
RR. Co has covenanted that the C. O. RR. Co. will comply with its guarantee.

POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.

309

INTEREST FOR WHICH THE COMPANY is GUARANTOR.

Semi-annual dividends of 1 J p. c., from and after Jan. 1, 1895, upon the 3 p. c. preferred stock of the

Columbus and Cincinnati Midland RR. Co., amounting to $1,000,000

On July 9, 1884. the Pittsburgh and Western Ry. Co. became the lessee of the Pittsburgh, Clevelund
and Toledo RR., and bound itself to pay from the earnings of the P. & W. and P., C. & T. Cos.

the annual sum of $144,000 in equal monthly installments, being the interest at 6 p. c. upon 2,400,000

of the 1st mtge. bonds of the P., C. & T. RR. Co. The Baltimore and Ohio RR. Co., by a contract

The P.

E. c. bonds of the P. , C. & T. RR. Co. , of which $2,400,000 are reserved to retire the said 1 i?t mtge.
onds, making an additional issue of 1,600,000

The Baltimore and Ohio RR. Co. has guaranteed the faithful performance of the P. A W. Ry.
Co. 's guaranty.

Interest upon the 1st mtge. 5 p. c. bonds of the West Virginia and Pittsburgh RR. Co., amounting to. 4,000,000"
Interest upon the 1st mtge. 5 p. c. bonds of the Baltimore" Belt RR. Co. amounting to 6,000,000

Abstract of property and capital account for eight fiscal years :

1890

Sept. 30.

1891

Sept. 30.

1892

June 30.

1893

June 30.

1894

Jnne 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles of Railroad Owned. . .
Mileage All Lines Owned. . .
Steam Engines

467.80
1,886.13
826

467.80
1,965.66

848

467.80
1,999.40
860

467.80
2,052.93
8%

459.30
2,065.43
909

459.30
2,094.65
890

459.30
2,095.03
857

459.30
2,046.03
863
4
31,652

25,000.000
5,000,000
779,783
100,000
100,193,816
6,761,424
9,780,614
138,936
2,110,277

Electric Motors. .

Cars

26,641
$
14,793,566
5,000,000
689,042

27,635
$
14,792,566
5,000,000
689,042

27,579

25,007,886
5,000,000
689,042

28,273
$
25,007,886
5,000,000
687,376

27,575

$
25,000,000
5,000,000
687,376

27,320
$
25,000,000
5,000.000
687,376

27,124

9

25,000,000
5,000,000
687,376

Common Stock

Preferred Stock

Ground Rent Liens

Real Estate M tges

Funded Debt & Debentures
Loans and Bills Payable . . .
Current Accounts and Dues
Due Sinking Funds

73,458,000
4,044,418
7,111,388
594,657
25,939,440

74,247,000
3,438,970
7,079,498
170,602
27,124,061

74,545,000
3,361,530
7,859,433
76,352
24,177,726

75,036,000
3,726,789
8,690,383
87,716
24,578,513

84,021,000
4,119,655
8,954,834
96,842
24,733,726

80,564,000
4,019,441
9,397,748
107,157
85,292,085

84,797,000
4,895.811
8.912,226
232,433
23,787,443

Profit and Loss

Total Liabilities

131,629,511

37,270,894
13,518,060
2,386,229
4,706,259

132,541,940

37,414,023
13,289,136
2,386,229
4,706,860

140,116,969

37,425,510
13,577,416
2,386,242
4,706,135

142,814,663

37,849,318
13.;i74,388
2,386,242
4,716,083

152,613,433

37,146,226

12,886,705
2,886,242
4,356,624

150,067,807

37,197,227
12,711,561
2.386,242
4,356,761

153.262,289

37,217,443
12,158,640
2,386.242
4,332,853

149,864,850

37,264,791
7,247,762
2,386,242
5,728,103
556,609
10,108,591
52,726,350
15,339,048
1,550,338
11,208,300
1,817,432
1.392,917
1,338,861
1,199,506

Main Stem and Branches .
Equipment

Ohio River Bridges
R«-al Estate

Electric Plant

Car Trust Equipment
Stocks and Bonds ....

2,618,977
44,395,362
10,750,516
1,518,028
9,934,281
1,122,947
1,587,548
912,391
908,019

2,741,681
42,240,934
11,939,090
2,068,838
10,656,218
1,345,796
1,293,788
1,271,428
1,271,428

3,051,038
44.836,285
12,706,199
2,906,592
11,178,496
1,215,243
1,318,287
1,387,975
3,421,551

3,457,221
45,111,950
14,954,861
3,486,035
12,026,460
1,621.333
1,250,747
1,387,295
1,192,730

3,860,063
56,365,358
12,137,095
2,534,7*3
12,886,090
977,059
906,525
2,515,241
3,655,472

4,277,581

56,958, SSI
12,615,564
2,818,611
9,S09.337
1,185,154
978.420
2,610,375
2,162,089

4,638,504
57,116,416
12,093,074
4,206,817
10,542,797
1.910,769
1,418,840
2,869,907
2.369,987

Cost Other R'ds, Adv., etc. .
Current Dues

Sinking Funds

Uncollected Revenue
Supplies and Materials
Bills and Acc'ts Receivable.
Cash on Hand, etc

Total Assets

131,629,511

579,500
1,709,500
3.872,000
14C,000
9,680,000
9,680,000
12,747,000
540,000
400,000
11.616,000
1,750,000

132.541,940

579,500
1,709,500
3,872,000
140,000
9,680,000
9,680,000
13,826,000
540,000
368,000
11,616,000
1,500,000

140,116,969

579,500
1,709,500
3,872,000
140,000
9,680,000
9,680,000
14,374,000
540,000
360,000
11,616,000
1,250,000

142,814,663

579,500
1,709,500
3,872,000
140,000
9,680,000
9,680,000
15,155.000
540,000
320,000
11,616,000
1,000,000

152,613,433

579,500
1,709,500
3,872,000
140,000
9,680,000
9,680,000
15,930,000
540,000
280,000
11,616,000
750,000
8,500,000

150,067,807

361,500
1,709,500

153,262,289

361,500
1,709,500

149864,850

359,000
1,660,500

Bonds in Detail.
Loan of 1880 Extended
Loan of 1885 Extended . . .
Sterling Loan of 1895
Mortgage (N. W. Va.). . . .
Sterling Loan of 1902 ....
Sterling Loan of 1910 . ...
Conool. Mtge. B'ds of 1988 .
Alex.Br. (W.C. & P.L.RR.)
B'dtoBal. (P. & C. RR.)...
Loan of 1893 (B. & P. RR.).
Car Trust Bonds (see p.313).
Loan 1894 (Terminals)

140,000
9,680,000
9,680,000
16.853,000
540,000
240,000
11,616,000
500,000
8,500,000

140,000
9,680,000
9,680,000
17,376,000
540,000
200,000
11,616,000
250,000
8,500,000

132,000
9.680,000
9,680,000
18,135,000
540,000
200,000
11,616,000
6,348,316
8,500,000
6,000,000
6,599,000

Baltimore Belt Loan

Receivers' Certificates

4,000,000

Total

52,714,000

7,744,000
3,000,000
10,000,000

53,503,000

7,744,000
3,000,000
10,000,000

53,801,000

7,744,000
3,000,000
10,000,000

54,292,000

7,744,000
3,000,000
10,000,000

63,277,000

7,744,000
3,000,000
10,000,000

59,820,000

7,744,000
3,000,000
10,000,000

64,053.000

7,744,000
3,000,000
10,000,000

79,449,816

7,744,000
3,000,000
10,000,000

B'ds 1877-1927, sec. by B'ds
of B. & O. & C. RR. Cos.
B'da 1879-1919, sec. by B'ds
of Parkersb. Br. RR. Co.
B'ds 1885-1925, sec. by B'ds
Pitts. &Conlsvl.RR. Co..

NOTE.— The bonded debt as above agrees with that shown in the general balance sheet. It differs from
the statement of funded debt shown on page 312 in that it includes the bonds of the Baltimore Belt RR. and
of the Alexandria Branch of the Washington City and Point Lookout RR. besides $2,698,315.81 of equipment
trusts, etc., and does not include the bonda of the Pittsburgh and Connellsville RR.

310

POOR'S MANTTAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement of operations, main stem and branches, including the Washington Branch and
the Parkersburg Branch, and of the earnings of the entire system by divisions, for eigut
fiscal years:

1890

Sept. 30.

1891

Sept. 30.

1892

June 80.

(9 mos.)

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

JuneoO.

Miles of Railroad

790 60

79903

801 28

84528

85878

85998

86994

841.36

.Engine Miles

11,787,461

11,447,952

12,571,302

16,321,671

14,015,778

13,760,240

14,490,989

15,970,769

Passenger Earnings

$
3,348,786

$
3,594,408

$
2,579,751

$
3,849,495

$
3,481,308

8

3,182,688

8
3,285,651

S
3,161,087

Tonnage Earnings

9,877,504

9,956,888

7,588,606

9,903,438

8,614,283

8,979,882

9,329,957

11,107,^80

Gross Earnings'

13,236,290

13,551,296

10,168,357

13,752,933

12,095,591

12,162,570

12,615,609

14.268,357

Operating Expenses

8,548,631

8,586,222

6,943,655

9,300,574

7,607,798

7,678,336

8,561,610

10,598,386

Net Traffic Earnings

4677659

4,965,074

3,224,702

4452359

4,487,793

4,484234

3 963 999

3,269,971

Gross Earnings per Mile. . .
Gross Expenses per Mile. .
Net Earnings per Mile
Expenses to Earnings .....
Gross Earn'gs p. Engine M.
Oper. Exp'ses p. Engine M.
Net Earnings p. Engine M.

16,729 43
10,812 84
5,916 59
64.64 p. c.
112.20 c.
72.53 c.
39.68 C.

16,960 32
10,746 21
6,214 11
63.36 p. c.
1 18.37 c.
75.00 c.
43.37 c.

12,674 32
8,654 90
4,019 42
68.29 p. c.
80.89 c.
55.23 c.
25.66 c.

16,275 66
11,065 77
5,209 89
67.63 p. c.
84.26 c.
56.98 c.
27.28 c.

14,081 11
8,856 57
5,224 54
62.89 p. c.
86.29 c.
54.28 c.
32.01 c.

14,842 52
8,928 29
5,914 23
63.14 p. c.
88.39 c.
55.80 c.
- 32.59 c.

14,500 70
9,944 38
4,556 32
68.58 p. c.
87.06 C.
59.70 C.
27.36 c.

16,958 68
12,59 85
4,361 83
74.28 p. c.
89.15 c.
66.3(5 c.
22.99 c.

Earnings,etc. ,by Divisions :
Miles Operated

1,845.39

1,902.01

1,983.31

2,053.93

2,065.43

2,073.49

2,089.08

2,031.05

Main Stem and Branches . .
Washington Branch

$
11,950,505
502,594

$
12,031,582
7-^6,419

$

9,034,047
519.K62

S

12,155,766
769,388

$
10,685,629
753,401

8

10,806,387
624,812

$
11,249,986
623,406

$
12,870,978
643,682

Parkersburg' Branch

773 191

793,295

614,648

827,779

656,561

731,421

742,217

753,698

Philadelphia Division
Pittsburgh Division

1,696,841
3,069,055

1,899,638
2,880,391

1,441,005
2,263,067

2,139,325
3,209,092

1,833,842
2,609,333

1,776,317
3,015,727

1,679,134
3,105,872

1,841.794
2,472,262

Wheel. ,Pitte. & Bait. Div. .
Chicago Division

755,790
2,603,445

653,012
2,556,815

431,058
2,269,954

655,396
3,288,086

489,447
2,870,547

633,775
2.500,745

672,635
2,862,625

1)44,208
2,820,803

Central Ohio Division
Lake Erie Division .

1,408,214
1,211,170

1,365,564
1,106,819

1,037,764
748 698

1,326,854
946,262

1,069,428
706,093

1,096,602
714,171

1,199,105
845,680

1,226,528
881,156

New'k,Som.& Straitsv.RR.
Midland Division

178,584
262,707

145,026
344,458

109,920
246,310

148,544
372,526

99,623
347,300

123,572
399,910

143,104
376,559

121 ,693
360,885

Akron Division

27,376

161,441

375,789

388,458

393,793

444,459

444,435

Gross Earnings

24 412,096

24,530,395

18,927,574

26,214,807

22,502,662

22,817,182

23.944,781

25,582,122

Working Expenses

16,966,870

17,078,233

13,866,577

19,041,982

15,560,689

15,801,044

17,583,420

20,012,094

Net Earnings .

7,445,226

7,452,162

5,060,99T

7.172,825

6,941,973

7,016,138

6,361,361

5,570,028

Expenses to Earnings

69.51 p. c.

69.62 p. c.

69.29 p. c.

72.64 p. c.

69. 15 p. c.

69.25 p. c.

73.43 p. c.

78.23 p. c.

Profit and Loss Account, year ending June 30, 1897. — Debits : Rolling stock put out of
service ($1,874,310.14; less salvage, $218,481.19), $1,155,828.95; car trust equipment des-
troyed and not replaced, $110,121.62 ; cost of equipment to replace car trust equipment des-
troyed, $82,442.99 ; depreciation of equipment (rolling stock, $6,304,578.75 ; marine equip-
ment, $314,162), $6,618,740.75 ; reduction in book value of bonds owned, $495,666.13 ; in
value of stocks owned, $4,825,554.32 ; advances to leased and subordinate lines charged off —
for construction expenditures. $2,089,555.95 ; for various purposes, $1,524,340.32 ; bills re-
ceivable charged off, $582,090.51 ; interest during construction, Baltimore Belt RR., charged
off, $1,674,917.62 ; obsolete material and uncollectible accounts charged off, $53,538.76 ; pur-
chase of Lancaster, Oxford and Southern RR., $101,872.54 ; reversal of entry to credit of
profit and loss, Dec., 1894, exchange of property, Baltimore Belt RR., $146,171.06; settle-
ment of claims, prior to receivership, $517,469.88 ; loss in operating steamer Columbia, $11,-
422.43 ; adjustment of sundry accounts, pertaining to previous years, $486,664.33 ; interest
on consol. mtge. bonds in main line sinking fund, the coupons of which are payable in con-
sols., $281,200; income account, deficit for the year, $1,177,121.12; balance, surplus, June
30, 1897, $2,110,277.46— total, $24,044,996.64.

Credits: Surplus June 30, 1896, $23,737,442.84 ; increment from sinking funds, account
main line and Baltimore and Ohio and Chicago Cos. ($450,717.04 ; less credit income account,
$143,163.24), $307,553.80— total, $24,044,996.64.

The particulars as to " rolling stock put out of service" are shown in the remarks on
"Rolling Equipment," on page 301.

POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.

311

Statement of interest charges, taxes, rents, etc., year ending June 30, 1897 :

Loan of 1853, $361,500 for 6 months and $359,000 for 6 months at 4 p. c. per annum

Loan of 1853, $1,709,500 for 9 months and $1,660,500 for 3 months at 4 p. c. per annum . .

Bond for purchase of interest of Cy. of Bait, in P. & C. RR. Co., $200,000 net

Loan of 1873, $9,080,000 at 6 p. c. per annum

Loan of 1874, $9,680,000 at 6 p. c. per annum.

Bonds of No. Western Virginia RR. Co., due 1885, extended, $140.000 for 9 mos! arid

$14.410 00

67,89000

12,000 00

580,800 00

580,800 00

$132,000 for 3 mos. at 6 p. c. per annum 8,280 00

B. & O. Consol. Mtge. $11,988,000 at 5 p. c. per annum -599,400 00

Baltimore & N. Y. Ry. Co. bonds, $350,000 at 5 p. c. per annum 17,500 00

B. & O. Car Tr. bonds, $250,000, for 6 mos. at 4| p. c., and $250,000 extended, for 6 mos.

at 5 p. c. per annum '. ... 11,87600

Equip. Loan, Series A, $300,000 for 9 mos. iind $200,000 for 3 mos. at 5 p. c. per annum. 13,750 00
$100,000 due April 1, 1896, extended, at 6 p. c. per annum (9 mos.), $4,500; $100,000 due
April 1, 18%, extended, at 5 p. c. per annum from April 1, 1897 (3 mos.), $1,250; and
$100,000 due April 1, 1897, extended, at 5 p. c. per annum (3 mos.), $1,250 ; charged
to " General Interest and Discount."

Equip. Loan, Series B, $1,000,000 for 4 mos. and $800,000 for 8 mos. at 5 p. c. per annum 43,333 33
$200,000 due Nov. 1, 1896, extended at 6 p. c. per annum (8 mos.), $8,000 ; charged to
"General Interest and Discount."

Loan of 1894 (Terminal), $8,500,000 at 4$ p. c. per annum $382,500

Less, proportion chargeable to Philadelphia Div. for rental and ter-
minal properties $90,000

Less, proportion chargeable to Pittsburg Div. for rental and terminal

properties 70,000 $160,000 J

- 222,500 00

Bonds of B. & O. Equipment Co., 83.400.000 at 6 p. c. per annum 204,000 00

Receivers' Certificates, Series I, $5,000,000 at 6 p. c. per annum 800,000 00

Receivers' Certificates, Special, account Car Floats, New York Harbor, $8,000 from May

8, 1897, and $17,000 from June 21, 1897, at 5 p. c. per annum 72 49

$2,676,610 82

Loan of 1883, $11,616,000 at 4£ p. c. p. an., of Pbila. Br. and Bait. & Phila. RR. Co $522,720 00

Proportion of Terminal Loan chargeable to Phila. Div. for Rental on Terminal
Properties 90,000 00

612,720 00

PAYMENTS ON ACCOUNT OP PITTSBURGH AND CONNELLSVILLE RR. Co.

'Interest on $4,000,000 7 p. c. 1st Mtge. Bonds $280,000 00

Interest on £1,373,600 6 p. c. Consol. Mtge. Bonds 398,893 44

Bonds of 1885, $10,000.000 at 5 p. c. per annum, secured by $10,000,000 2d Consol. Mtge.

bonds of the Pittsh. & Connellsv. RR. Co 500,000 00

Proportion of Terminal Loan chargeable to Pittsb. Div. for Rent, on Term. Properties 70,000 00
Receivers' Certificates, Series 3, account Pittsb. & Connellsv. RR. Co., $650,000 at5p. c.

per annum (6 mos.) 16,25000

1,265,143 44

Loan of 1879, $3,000,000 at 6 p. c. p. annum for account of the Parkersb. Branch RR. Co. 180,000 00

Loan of 1877. $7,744,000 at 5 p. c. p. annum on account of the B. & O. & Chic. RR. Cos. 387,200 00

Schu ylkill River East Side RR. Co. bonds, $4,500,000 at 5 p. c. per annum 235,000 00

RENTALS.

Central Ohio RR. Co. (Central Ohio Div.), 35 p. c. of gross earnings $429,284 83

Sandusky, Mansfield and Newark RR. Co. (Lake Erie Division) 201,850 00

Newark, Somerset and Straitsville RR. Co. (Straitsville Division) 36,507 93

Winchester and Potomac RR. Co 27,000 00

Akron and Chicago Junction RR. Co 100,00000

Winchester and Strasburg RR. Co 2,984 00

Columbus and Cincinnati Midland RR. Co 120,000 00

Strasburg and Harrisonbnrg RR. Co. (5 mos.) 37,187 50

Confluence nnd Oakland RR. Co 6,166 67

Bait.. Wash. & Alexandria Branch of the Wash. City and Point Lookout RR. Co 36,000 00

Baltimore Belt RR. Co 300,000 00

Chicago Terminals 202,641 83

1,499,622 76

General In) erest, Discount on Loans, and Premiums on Exchange 355,484 20

TAXES.

MainStem . $182,25240

Baltimore and Ohio and Chicago RR. Cos „ 119,799 84

Other Companies . 222,616 38

524,668 62

GroundRents 44,71143

Total $7,771,111 27

* Interest extended until July 1, 1898 ; basis 4 p. c. cash and 3 p. c. extended. Amount extended, $120,000 ;
amount paid, §102,380 ;• amount unpresented for payment, $57,620.

Receivers' Certificates, Series 2, authorized issue, $956,000 ; outstanding, $932,000, not included in above
table. Seven months' interest, 827.183.33 less received from Maryland Construction Co., rents, etc., applicable to
payment of above interest, $11,116.90.

312 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement of funded debt in detail, June 30, 1897 :

DESCRIPTION OP BONDS, ETC.

DATE op

Issue.

Matu-
rity.

ANNUAL INTER.

Rate. Payable.

Amount
Outstand-
ing.

, cy.

Loan of 1853-1880, maturing at will, cy. . .

Loan of 1853-1885, gold

Bond of City of Baltimore of 1900, cy

Sterling Sinking F«nd Loan of 1872, gold
Sterling Sinking Fund Loan of 1874, gold

Loan of 1877, gold

Loan of 1879, cy

Northwestern Virginia RR. Co.,
Loan of 1883, gold

I Secured by §10,000,000 second consoli-
Loan of 1885-< dated mtge. bonds of Pitt. & Con. RR.

( Co., held by trustee, gold

Consolidated Mortgage Bonds, gold

Car Trust Bonds, gold; due 1897, but extended

Pittsburgh and Connellsville RR.— 1st Mtge. Bonds. .
Consolidated Mtge. Bonds, Pittsburgh and Connells-
ville RR., £1,373,600 Sterling at $4.84 gold

Loan of 1894 (Terminal), gold

Receivers' Certificates, Series 1, gold

Receivers' Certificates, Series 2, acct. Md. Const. Co.

Receivers' Certificates, Series 3, acct. P. & C. RR

Receivers' Certificates (special, acct. car floats)

Bonds of B. & O. Equipment Co

1853
1853
1875
1872
1874
1877
1879

-1885
1888

•1876

1894
1896
1896
1897
1897
1896

1935
1900
1902
1910
1927
1919
1902
1933

1925

1988
1900
1898

1926
1934

1900
1900
1899

4

J. &J.
A. &0.

J. &J.
M. &S.
M. &N.
J. &D.
A. &O.
J. &J.
A. &O.

F. & A.

F. &A.
J. & J.
J. & J.

J. & J.

J. & D.

J. &D.

J. &D.

J. & J.

J. & J.

359,000
1,660,500

200,000
9,680,000
9,680,000
7,744,000
3,000,000

132,000
11,616,060

10,000,000

11,988,000

250,000

4,000,000

6,648.224

8,500,000

5,000,000

932,000

650,000

17,000

3,400,000

Consol. Mtge. Bonds in Sinking Funds— Coup. Pay-
able in Consol. Mtge. Bonds

95,456,724
6,147,000

Total Issue

101,603,724

The Sinking Funds for account of above loans are as folloivs;

Cancelled
Bonds
of Issue.

Miscella-
neous
Bonds.

B. & O.

Consol.
5 per cent.

Totals.

Loan of 1872...

S

378,488

$
2,429,500

9

3,247,000

$
6,054,988

Loan of 1874

45,496

935,728

2,900,000

3,881,224

Loan of 1877

1,054,152

1,054,152

Pittsb'h & Connellsville Consol. Loan of 1875

80,344

604,700

685,044

Totals.

1 558 480

3 969,928

6,147,000

11,675,408

Net bonded indebtedness entire system

Cash received from Main Line Sinking Funds

Cash received from Md. Const. Co., rents, etc.. applicable to payment of interest on
Receivers' Certificates No. 2. . . »

89,928,316

Net Cash Outlay for Interest on Funded Debt for year ending June 30, 1897.

NOTE.— The interest on the securities in the Sinking Funds of the Sterling Loans of 1872 and 1874 is
turned into the company's treasury for general purposes and is shown on page 303 as " Cash received from
Sterling Main Line Sinking Funds." The interest on the face of the loans has to be paid in full, and is
therefore so charged. For the increments on securities in Sinking Funds of Loans of 1872 and 1874, and the
annual appropriations, B. & O. consol. mtge. bonds are issued as provided in the $29,600,000 mtge. of Dec. ]9,
1887.

The loan of 1853-1880 was extended when it became due, and is now redeemable at the option of the
company. The loan of 1853-1885 was extended at 4 p. c. to Oct. 1, 1935. Original amount, $2,500,000; paid
and cancelled, $839,500; balance outstanding, $1,660,500.

The bond to the city of Baltimore was given in purchase of the city's interest in the Pittsburgh and
Connellsville Rlt. Original amount, $1,000,000; reduced to $200,000 by 20 annual payments of $40,000 each on
July 1. 1876 to 1895, inclusive.

The sterling sinking fund bonds of 1872-1902 are of £200 each, secured on main stem, 379.80 m., and
branch from Washington to Point of Rocks, 42 miles. They are redeemable by action of an annual sinking
fund of £24,000, which is to be applied semi-annually to purchase of these bonds, if below par, but if above
par the fund may be invested in other securities. Trustees: George C. Jenkins, James Bond, Baltimore, Mel.;
George F. Crane, New York. Trustee of the sinking fund: Baring Bros. & Co., London, E. C. Interest due
March 1, 1898, was not paid at maturity.

The sterling sinking fund bonds of 1874-1910 are of £200 each, and in other respects are similar to and
secured in same manner "as the bonds of 1872-1902, with the additional security of a mortgage on all appur-/
tenances and equipments of the company, and with the exception that the sinking fund is £18,000 per annum.

POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.

313

applied semi-annually. Trustees of mtge. : William Keyser, Wm. F. Burns. Trustee of sinking fund: J. S.
Morgan & Co., London, E. C. Interest due May 1, 1898, was not paid at maturity.

The 4i p. c. sterling loan of 1933 is a direct obligation of the company, and is especially secured by a
pledge of all the 1st mtge. bonds of the Baltimore and Philadelphia RR., amounting to £1,000,000, and by a
1st mtge. on the Philadelphia Branch. The bonda are for £200 each, coupon and registered (convertible at
will), are free of all taxes, and mature April 1, 1933. The Baltimore and Ohio RR. Co. is under obligation
that no mortgage shall hereafter be placed upon its main line that will impair or take precedence of this.
Interest due Oct. 1, 1897, and April 1, 1898, was not paid when due.

Principal and interest is payable in London by Baring Bros. & Co. on sterling bonds of 1872-1902; of
1874-1910, by J. S. Morgan & Co. ; on 4|s by Brown, Shipley & Co. The sterling bonds are free of all taxes.

The $7,744,000 ( £1,600,000) 5 p. c. sterling bonds, 1877-1927, are redeemable by action of sinking fund
of £7,500 per annum, and are secured by deposit in trust of an equal amount of mtge. bonds of the B. & O.
& C. RR. Cos., of the same date, bearing 6 p. c. interest, and of 28,900 shares ($1,445,000) of capital stock of
said companies. Interest due June 1, 1897, was paid in Oct., 1897; that due Dec. 1, 1897, and June 1, 1898, is
in default. Foreclosure suit was brought by the trustees under the B. & O. & C. mtge., on May 31, 1898.

The $3,000,000 (j p. C. bonds, 1879-1919, are secured by deposit of an equal amount of mtge. bonds of
Parkersburg Br. RR. Co. of same date, bearing 6 p. c. interest. Interest due April 1, 1898, was not paid at
maturity. Bondholders have been asked to deposit their securities with J. P. Morgan & Co., under an agree-
ment for the protection of their interests.

The $10,000,000 5 /(. c. $1,000 gold bonds, 1885-1925, are secured by pledge of an equal amount of Pitts-
burgh and Connellsville 5 p. c. 2d consol. mtge. bonds held by trustees. These bonds, so pledged, are secured
by mtge. on the entire line of the Pittsburgh and Connellsville RR. Co. and on its leased line, the Fayette
County RR. ; on certain stocks and bonds of branch lines, and on terminal and other properties. The P. & C.
RR. Co. undertakes that no mortgage or other lien shall be created that shall impair or take precedence of
the mortgage securing these bonds. Principal and interest payable, in gold, in New York. Trustee: Union
Trust Co., New York. Interest due Aug. 1, 1897, and Feb. 1, 1898, was not paid by the receivers, but the
coupons of bonds deposited under the bondholders' agreement were purchased by Speyer & Co., of New York.

The car trust bonds, the last of ten series of such bonds, were issued under date of Jan. 1, 1887, and
matured Jan. 1, 1897. They originally bore interest at 4J p. c. per annum. They have been extended for
three years and the rate of interest increased to 5 p. c. per annum. The bonda are a direct obligation of the
company, and are additionally secured by mortgage on the rolling stock acquired through the car trust. The
entire original lien will hold till the payment of the last bond. The bonds are for $1,000 each, and are
coupon, with privilege of registration. Interest payable at the office of the trustee, Mercantile Trust and
Deposit Co., Baltimore, Md. For further information, see statement of car trust bonds and lease warrants
below.

The consols are $1,000 gold coupon bonds, with privilege of registration, interest payable, tax free, at
the office of the Union Trust Co., New York, N. Y., Feb. and Aug., and the principal Feb. 1, 1988. The
amount authorized is $29,600,000; the unissued balance ia held to retire the balance of the main line mortgage
indebtedness not provided for by the existing sinking funds. The mortgage covers the main line and
branches between Baltimore and Wheeling (exclusive of the Washington Branch), the two Ohio River bridges,
tin company's Washington Branch stock, and the entire amount of Wheeling, Pittsburgh and Baltimore RR.
Co.'s 1st mtge. bonds. Trustee: Mercantile Trust and Deposit Co., Baltimore, Md. (See page 301.)

The terminal mtge. bonds of 1894 are secured on certain lands and terminal properties used by the com-
pany in Baltimore, Cumberland and Brunswick, Md. ; Benwood, W. Va. ; Philadelphia and Pittsburgh, Pa.
They are additionally secured by deposit of certain stocks and bonds of the Metropolitan Southern, Schuylkill
River East Side, Washington and Western Maryland, and Georgetown Barge Dock Elevator and Ry. Co.,
amounting to $4,773,250. They are dated June 1, 1894, mature June 1, 1934, interest Jan. and July, at office
of Brown Bros. & Co., New York, N. Y. The mortgage provides for an additional issue of $6,500,000 of these
bonds. Trustee: Mercantile Trust Co., New York, N. Y. Interest due June 1, 1897, was paid in Oct., 1897;
that due Dec. 1, 1897, and June 1, 1898, is in default.

Receivers' Certificates, Series 1, were authorized in May, 1896, to provide working capital and for the
restoration of rolling stock and equipment. They are redeemable in gold on or after June 1, 1897, on 30 days'
nttice. Series 2 certificates were authorized Nov. 20, 1896, for the purposes shown in the MANUAL for 1897,
page 300. They are dated Dec. 1, 1896, and are redeemable on any interest day. These certificates are a first
lien on the property and assets of the Maryland Construction Co. Series 3 certificates are dated Jan. 1, 1897,
and due Jan. 1, 1900, but redeemable on Jan. 1, 1898, or any interest day thereafter. These are primarily an
obligation of the receivers and also a first and preferred lien upon all interest of the Baltimore and Ohio in
the Pittsburgh and Connellsville RR. Co., and secondly a lien on the Pittsburgh and Connellsville RR., itself,
in priority to the 1st consol mtge. of 1875 and the 2d consol. mtge. of 1885.

The bonds of the li. rf O. Equipment Co. are payable July 1, 1898 to 1900. They are $1,000 gold coupon
bonds, with privilege of registration. Principal and interest guaranteed by the B. & O. RR. Co. and the
receivers. For further information, see statement of car trust bonds and lease warrants following.

" Car Trust Bonds and Lease Warrants." — Engine and Car Equipment of Baltimore and
Ohio RR. Co. and Car Trusts, Showing Car Trust Obligations :

Loco-
mo-
tives.

Pass.
Cars.

Freight
Cars.

Value at
June 30, 1897.

Total of
Trusts.

Paid to
June 30, 1897.

Balance Dne
June 30, 1897.

Baltimore and Ohio RK. Co

419

491

13,588

$
6,681,685 37

$

$

$

Car Trusts

B. & O. Car Trust No. 1

96

36

3,135

1 826 68688

2500,00000

2 250,00000

250 00000

B. & O. Equip. Asso., Series "A"
B. & O. Equip. Asso., Series "B"

B. & O. Equip. Co

84
42

176

35
12

12

342
2,936

5 645

899,339 29
1,276,992 75

4 507 842 00

1,000,00000
2,000,000 00
1 3,400,000 00

600,00000
1,000,00000

'- 144 940 95

400,00000
1,000,000 00
j 3,400,00000

Wheelage Car Trusts

2 150

1 083 730 00

f 382,138 17
1 083 73000

485 211 41

I 237,197 23
598 518 51

Fairport Line

1,000

514,000 00

514,000 00

51,40000

462,600 00

10,108,590 92

Totals

817

592

28,796

16 790 276 28

10,879,868 17

4,531 552 36

6 348 315 81

Since the close of the fiscal year there have been issued $680,000 of 5 p. c. receivers' certificates and
2,345,550 of 5 p. c. equipment lease warrants; the former to be applied to the purchase of steel rails, the
latter to be used in providing additional rolling stock. All the equipment for which these warrants were
issued is in service.

314

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

The receivers' certificates are issued under an order of Court, dated July 10, 1897, and are payable in
three years from date, but they may be redeemed, at the option of the receivers or of the Court, one year
after date or on any interest day thereafter.

The equipment lease warrants are issued by the B. & O. RR. Co., under an order of Court, dated July 23,
1897. They are in five series, as follows:

Series 1, for $250,000, to the Michigan Peninsular Car Co., for 500 coal cars. These are numbered from 1 to 25,
No. 1 being for $34,000 and the others for $9,000 each. The warrants are dated July 18,
1897, and payable, No. 1 at the end of one year from date and the rest quarterly there-
alter, in numerical order.- Interest payable quarterly.

Series 2, for $280,000, to the Baldwin Locomotive Works, for 25 locomotives. These are numbered from 1 to 5,
for $56,000 each. They are dated July 24, 1897,. and payable one on the corresponding
day of each year thereafter. They are redeemable, at the option of the company, one
year after date or on any interest day thereafter. Interest payable half-yearly.

Series 3, for $1,557,000, to the Pullman Palace Car Co., for 3,000 box cars. These are numbered from 1 to 10,
ior $155,700 each. They are dated July 30, 1897, and payable one on the corresponding
day of each year thereafter. They are redeemable, at the option of the company, one
year after date or on any interest day thereafter. Interest payable half-yearly. '

Series 4, for $169,050, to the Pittsburgh Locomotive Works, for 15 locomotives. These are numbered from 1 to
15, for $11,270 each. They are dated Aug. 3, 1897, and payable one on the corresponding
day of each year thereafter, but they may be all redeemed, at the option of the com-
pany, one year after date or on any interest day thereafter. Interest payable half-yearly.

Series 5, for $89,500, to the South Baltimore Car Works, in part for 250 coal cara costing $127,000, the Car Co.
accepting 500 old condemned cara for the balance of the cost price. The warrants run for
ten years in the same form and under the same contract of lease as in the case of Series 3,
to the Pullman Co.

Bonds and stocks of other incorporations owned by the Baltimore and Ohio RR. Co.,
Jnne 30, 1897 :.

STOCKS.
Akron & Chi. June. RR., com. .
Akron Union Passenger Depot.
Bal., Ches. & At. RR., pref ...
Bal Dry Dock Co

Shares.
16,500
500
171
650
2,500
3,500
1,169
2,000
50
73
400,000
99,5:53
„ 990
2,068
30
60
5
7,537

125

Par Value.
$1,650,00000
50,00000
8,55000
65,00000
121,00000
350,00000
58,450 00
200,00000
2,50000
7,300 00
10.00000
4,876,650 00
49,500 00
103,400 00
1,50000
6,00000
50000
376,850 00
1000
12,50000
10,000 00
2,87500
40,00000
40,00000
953,750 00
4,594,800 00
100,000 00
200,00000
2,000,000 00
3,810,000 00
10,100 00
300,000 00
5,50000
3,000,000 00
150,000 00
250,00000
20,000 00
6,000 CO
6,00000
25,000 00
50000
50,000 00
50,000 00
2,40000
191,85000
705,550 00
5,680,650 00
45,950 00
50.00000
2,50(100
1,00000
1,505,00000

1,813,71400

6,515,000 00
5,50000
290,000 00
2,50000

STOCKS.
Salisbury RR., preferred

Shares.
52
251
4,756
45,000
3,595

Par Value .
$2,600 00
12,550 00
237,800 00
2,250,000 00
179,750 00
50000
1,50000
100,00000
1.00000
255,000 00
430,76000
1,00000
2,00000

100,500 00
469,800 00
200,00000
680,00000
1,020,00000
10,000 00
769,280 00
100,000 00
4,090,000 00
29,250 00
200,00000
1,250,000 00
5,500.000 00
25000
525,400 00

Salisbury RR., common

Sanrlusky, Mans. & New. RR. .
Schuylkill River East Side RR.
Sharpsville RR. Co

Bait. Exp. & Import Co.,- Lt'd.
Baltimore and New York Ry. .
Bait. & Ohio and Chicago RR. .
Bait. & Ohio Copnecting RR. . .
Baltimore & Ohio Eqnipm't Co.
B. & O. Southwest'n Ry., pref.
B. & O. Southwest'n Ry., com.
Baltimore & Philadelphia RR.
Bay Ridge & Annapolis RR.. .
Bay Ridge Improvement Co. . .
Berlin RR

Snow Fork & H. Vy. RR., inet. .

Somerset & Cambria RR

30

1,000
20
2,550
8,900
40
40

1,005
4,698
2,000
6,800
10,200
100
38,464
2,000
40,900
585
2,000
12,500
110,000
50
5,254

South Branch RR

Standard Coupe" Co. of Bait
Staten Island Rap. Transit Co.
Steamship Line, Bar. in Furn..
Syracuse Water Power Co
The Terminal Land

Tradesmen's S., G. & E. Co. of
Philadelphia

Berlin & Lovettsville Bridge Co.
Brown Manufacturing Co

Treasury Stock

Union Stock Yard Co

Central Ohio RR., common . . .
Central Ohio RR., pref., script.
Cherry Run & Pot. Valley KR.
Ches. & Ohio Canal Trans. Co.
Chi. B'd of Trade, Cer. of Mem.
Chi. Tin. Trans. & Ry., pref. . . .
Chi. tin. Trans. & Ry., com
Clev. Term. & Valley Ry., pref.
Clev. Term. & Valley Ry., com.
Clev., W. & M. Vy. RR., pref..
Clev., W. & M. Vy. RR., com. .
Columbus & Cin. Midland RR.

United States Express Co

Valley RR. Co. of Virginia. . . .
Valley & Elk RR

Washington County RR
Wash. & West. Maryland RR. .
Western Union Telegraph Co..
Western Maryland RR

2

400
400
9,537/ift
91,886
1,000
2,000
20,000
38,100
101
3,000
55
(10,000
3.000
2.500
400
240
60
250
10

'"506
48
3,837
14.111
113,613
919
500

West Vir. & Pitts. RR., pref..
West Vir. & Pitts. RR., com..
Wheel., Pitts. & Bait. RR
Wilmington Agr. & Ind. Ass'n.
Winchester <fc Strasburg RR. . .

Total Stocks

CnmbTd Steel & Tin Plate Co.
Eastern Ohio RR

$68,894,288 75

1 338,80000

77,00000
80,00000
2,00000
50,00000
140,000 00
4,110 00
6,00000

[ 657,500 00

500.00000
435,00000
24.COO 00
200.000 00
240,000 00
3,000,000 00
750,000 00
2,336.000 00
178.000 00
228.000 00
36,000 00 ,

BONDS.
Bait. E.& I.Co., Lt'd-Deb.Bds.-j
Bait. & New York Ry . .

210

48
4
77
80
2
50
140

Fairmont. Morgan. & Pitts. RR.
Fairport Warehouse & Elev. Co.
Graf ton & Belington RR
Glenwood RR .

Hancock Bridge Co

B.& O. S.-W.Ry.,1st Con.Mtge.
B.& O.S.-W.Ry.lst Inc.,Sr."B."
BayR. & Anpls. RR., 1st Mtge.
Bay R. Imp. Co., 1st Mtge. Inc.
Bay R. Imp. Co., 1st Lien Cert.
Cairo & K. Vy. RR., 1st Mtge.

Ches. & O. Canal Bonds of 1844 1

Ches. & O. Canal Bonds of 1878
C. & O. C. Co. True., Cert, of In.
Clev. Ter. & Vy. RR., 1st Mtge.
C., W. & M. Vy. RR., 1st Mtge.
C. & C. M. RR, Debrn. Bonds.
Fairmont, Morg. & Pitts. RR..
Graf ton <fc Bel. RR.. 1st Mtge. .
Staten Island Rap. Trans. RR..
South Branch RR., 1st Mtge. . .
Vnlley RR. of Virginia ....

London Co. & Fred. Edge. Co. .
Manor Mining & Manuf'g Co .
Maryland Investment Co

Metropolitan South. RR., inst.
Monongahela River RR

12
651
13

500
435
24
200
240
3,000
750
2,336
178
223
36

Mt, Pleasant & Broadford RR.
New., Som. & Strnit. RR., pref.
New., Som. & Strait. RR., com.
Farkersburg Br. RR., preferred.
I'arUersburg Br. RR., common .
Penn. & Lake Erie Dock Co. . .

Philadelphia Bourse ...

20
30,100
86,273T7FBn I
"cp.$2('tt 1
. 130,300
110
5,800
25

Pittsburg, Clev. & Toledo RR.
Pittsbnrg & Connellsv'le RR. -j ,

Pit.tsbnrg & West. Ry., com...
Pt. P., Buck. & Tygart Vy. RR.
Ohio & Bait. Short Line RR...
Real Est. & Imn. Co. of B. Citv

Wash. City & Pt. Lookout RR.
Total Bonds...

$9.277.410 00

POOR'S MANUAL — BALTIMORE AND OHIO SYSTEM?

315

SUMMARY.

Par Value of Stocks $68,894,288 75

Par Value of Bonds 9,277,410 00

$78,171,698 75
Vaiue as per General Balance Sheet $13,166,163 70

RAILROADS OWKED OR LEASED BY THE BALTIMORE AND OHIO RR. Co.

Akron and Chicago J-unction RR.— Chi-
cago June, to Akron June., O., 76.66 m.— total track
(steel; 67 IDS.), 104.66 miles. Gauge, 4 ft. 8} In.
Chartered Feb. 17, 1890; opened Aug. 1, 1891. This
line connects the Chicago Division of the B. & O.
ER. Co. with the Pittsburgh and Western and Valley
Rys. at Akron. Leased for 999 years, from July 1,
1890, to the B. & O. & C. RR. Co.; rental, $2 per
loaded freight car up to $50,000 a year and $1 for
each loaded freight car in excess of $50,000 yearly.
Rental guaranteed by the B. & O. RR. Co. Rental,
year ending June 30, 1897, $100,000. Payments: In-
terest on bonds, $75,000; expenses, etc., $1,137—
total, $76,137. Surplus, $23,863. Financial State-
ment, June 30, 1897.— Capital stock ($100 shares),
$2,250,000; funded debt (1st mtge. 5 p. c. 40-yr.
gold bonds, due Nov. 1, 1930, interest May and Nov.
In New York), $1,500,000; unfunded debt, $22,073;
accrued interest not yet payable, $12,500; income
balance, $135,753— total, representing cost, etc., $3,-
920,326. The bonds are for $1,000 each. In coupon
form, with provision for registration of principal;
Issued at the rate of $20,000 per mile, covering nil
property, both real and personal, now owned or here-
after acquired. Interest guaranteed uncondition-
ally by the B. & O. and the B. & O. & C. RR.
Cos. Interest due May 1, 1896, was paid In Oct.,
1896; coupons due Nov. 1, 1896, May and Nov., 1897,
and May, 1898, were purchased by Vermilye & Co.
The B. & O. RR. Co. owns $1,650,000 of the common
capital stock. Thomas M. King, Pres., Baltimore,
Md.; James Bartol, Sec., Cleveland, O.; W. H.
IJanis, Treas.. Baltimore, Md. Corporate Office,
Akron, O.

Baltimore and New Yorlt Ry.— Cranford,
N. J., to Arthur Kill Bridge, 5.3 m.; total track
(steel; 67 Ibs.), 9.92 miles. Gauge, 4 ft. 84 in.
Chartered Nov. 19, 1888; road built In 1889. Oper-
ated by the B. & O. RR. Co.; operations Included in
returns of main stem and branches. Locomotives, 3.
Cars, 2. Financial Statement, June 30, 1897. — Capi-
tal stock ($100 shares; $500.000 auth.) paid In, $350,-
000; funded debt (1st mtge. 5 p. c. 50-yr. $1,000 coup,
and reg. gold bonds, due May 1, 1939, Interest May
and Nov.), $350,000— total, representing cost, etc.,
$700.000. Interest on bonds guaranteed by the B. &
O. RR. Co., and payable at Baltimore, Md. Trustee:
Mercantile Trust and Deposit Co., Baltimore, Md.
The B. & O. RR. Co. owns the entire capital stock
and $77.000 of the bonds. J. Frank Emmons, Pres.,
New York, N. Y. ; W. H. Ijams, Treas., Baltimore,
Md.; Corra N. Williams, Sec., Newark, N. J. Gen-
eral Office, Foot of Whitehall Street, New York,
N. Y. Corporate Office, Newark, N. J.

Baltimore and Ohio and Chicago RR.—
(Chicago Division, B. & O. RR. System.)— Length of
road owned, 264.90 m.; trackage, 17.47 m. — total,
282.37 miles. (See mileage statement of B. &. O.
RR.) Gauge, 4 ft. 8J in. Rail (steel, 397.84 m.),
67 Ihs. Chartered March 13, 1872, as the Bait.,
Pitts. & Chic. Ry. Co.; roqd opened Nov., 1874.
Built and owned by the B. & O. RR. Co. In Nov.,
1876, the present name was adopted. Income Ac-
count, yoar ending June 30, 1897.— Earnings, $2,820,-
803. Expenses. $2.221,602. Net income, $599,201.
Paid interest, $464.640; taxes, $119,800; other deduc-
tions, $202.642— total, $787,082. Deficit, $187,881.
Financial Statement. June 30, 1897.— Capital stock
(par, $50), $1,503.450; funded debt, 1st mtge., ster-
ling, 6 p. c. coupon 40-yr. bonds, interest June and
Dec., due June 1, 1927 (£1,600.000), $7.744,000; cur-
rent liabilities. $11.176,244— total, $20,423,694. Con-
tra: Cost of road, etc., $15.127,990; profit and loss,
$5,295.704— total. $20.423,694. The B. & O. RR.
Co. holds 30,069 shares (being the total issue) of
this company's stock. The bonds are secured by a
first mtge. on the entire line (264.90 m.), and also by
27,000 shares (par. $50) of stock of the B. & O. & C.
RR. Co. of Ohio and Indiana, and 1,900 shares (par,
$60) of the stock of the B. & O. & C. RR. of Illinois.
The bonds issued under this mtge.. together with
-» ! "ii shares of stock, were placed in the hands of
trustees, as security for an issue of $7,744,000 of 5
p. <•. bonds of the B. & O. RR. Co. In addition to
these sums, the B. & O. RR. Co, has advanced to

this company $10,560,540. Trustees of bonds: C. H.
Coster, J. Wllcox Brown and James Bond. Interest
on B. & O. loan of 1877 having been in default since
Dec. 1, 1897, the trustees under this company's
mtge. brought suit in foreclosure proceedings on
May 31, 1898, asking for the appointment of a
separate receiver for this road, at the same time.
Orland Smith, Pres., Baltimore, Md.; G. A. Richard-
son, Sec. & Treas., Chicago, 111. GeneTal Office,
Chicago, 111.

Baltimore and Philadelphia RR.— Length
of lines owned, 59.32 m.; total track (steel, 10J.54
m.), 123.07 miles. (See mileage statement of B. & O.
RR.) Gauge, 4 ft. 8i in. Rail, 67 and 85 Ibs.
Consol. in 1883 of the Del. West. RR. Co. and the
Bait. & Phila. Ry. Co. (See Manual for 1891.) This
road forms a part of the Phila. Div. of the B. & O.
It is operated by the B. & O., but without a lease.
Income, year ending June 30, 1897, $817,209; ex-
penses and taxes, $665,518; net income, $151,691.
Paid Interest, $217,800. Deficit, $66,109. Financial
Statement, June 30, 1897.— Capital stock ($3,150 to
be retired; par, $50), $5,000,000; funded debt, 1st
mtge. 4J p. c. 50-yr. bonds, due 1993, interest April
and Oct., at office of the Treasurer B. & O. RR. Co.,
Baltimore, Md. (£1,000,000), $4.840,000; current lia-
bilities, $2,706,474— total, $12.546,474. Contra: Cost
of road, $9.840,000; rolling stock. $20.954; profit and
loss, $2,685,520— total, $12.546,474. The B. & O.
RR. Co. owns all but $23,350 of the capital stock.
The bonds are pledged as security for the B. &
O. RR. Cos. 4J p. c. sterling loan of 1883-1933.
Trustees of bonds: Wm. F. Burns, John Gregg, T.
Harrison Garrett. Officers: Thomas M. King, Pres.;
J. B. Washington, Vice-Pres., Pittsburgh, Pa.; W.
H. Ijams, Treas., Baltimore, Md.; J. C. Farra. Sec.,
Wilmington, Del. Corporate Offices, Philadelphia,
Pa., and Wilmington. Del.

Baltimore Belt RR.— Hamburg St., Balti-
more, by tunnel and surface line through and around
Baltimore, to Belt Line Junction, Md., 7.16 m.;
total track, 18.02 miles. Chartered Dec. 14, 1888;
road opened Aug. 1, 1895. Leased for 999 years
from Jan. 6, 1890, to the B. & O. RR. Co., the
rental consisting of fixed amounts for freight and
mileage pro-rates for passengers. The B. & O.
agrees to make good any deficiency in the rev-
enues of this road to meet the interest on the $6,-
000,000 of 1st mtge. bonds, and is entitled to re-
payment of its advances from future net earnings.
Capital stock (par, $50; common, $3,500,000; pre-
ferred, $2,500,000), $6,000,000; funded debt (1st
mtge. 5 p. c. 100-yr. $1,000 gold coupon bonds, due
Nov. 1, 1990, interest May and Nov., at office of
Brown Bros. & Co., New York, or Alex. Brown &
Sons, Baltimore, $6,000,000; 2d mtge. 4J p. c. 50-yr.
gold bonds, dated April 1, 1894, interest April and
Oct., $2,500,000), $8,500,000— total, $14,500,000. In-
terest due Nov. 1, 1897, and May 1, 1898, on 1st
mtge. bonds Is in default. Deposits under a protec-
tive agreement have been called for by Brown Bros,
of New York and their Baltimore and London cor-
respondents. The 2d mtge. bonds are held by the
B. & O. RR. Co., as collateral for advances. Trustee
of bonds: Mercantile Trust and Deposit Co., Balti-
more, Md. Principal of bonds may be registered at
the United States Trust Co., New York. William
Gilmore, Pres.; W. H. Ijams. Treas.; E. J. Silkman,
Sec., Baltimore, Md. Corporate Office, Baltimore,
Md.

Berlin RR.— Berlin Station, Pa., to Garrett,
Pa., 8 m.; sidings, 0.95 mile. Gauge, 4 ft. 8J in.
Rail (steel. 1.94 m.), 60 Ibs. Chartered and opened
in Jan., 1876, as Buffalo Valley RR. ; reorganized
July 7, 1879. Operated by the B. & O. RR. Co.;
operations included in the returns of the Pittsburgh
Division. In 1896-97, operation resulted in a deficit
of $9.448. Capital stock (par, $50). $50,000; un-
funded debt, $88,920— total, $138,920. Contra: Cost
of road, $50,425: profit and loss, $88,495— total, $138,-
920. The B. & O. RR. Co. owns $1.500 of the capital
stock. J. B. Washington, Pres., Pittsburgh, Pa.: W.
H. Ijams. Treas., Baltimore. Md.; A. W. Black,
Sec., Pittsburgh, Pa. Corporate Office, Pittsburgh,
Pa.

316

"POOR'S MANUAL JDF^ RAILROADS— RAILROAD'." SYSTEMS."

Central Ohio RR. (Central Ohio Dlv. B. & O.
System).— Length of lines, 143.83 miles; total track
(steel. 176.83 in.), 258.89 miles. (See mileage state-
ment of B. & O. RH.) Gauge, 4 ft. 8J in. Rail,
67 and 70 Ibs. Chartered Feb. 8, 1847; opened in
1845; reorganized Nov. 1, 1865. Leased to the B. &
O. RR. Co. until Dec., 1926, lease subject to per-
petual renewal thereafter, in terms of 20 years, at
the option of the B. & O., the rental being 35 p. c.
of gross earnings. The section from Newark to
Columbus, 33 m., is owned jointly by the C. O. RR.
Co. and the P., C., C. & St. L. Ry. Co. (See Manual
for 1891.) The Bellaire and St. Clairsville RR. was
purchased on Nov. 12, 1888, and the gauge of it sub-
sequently broadened to the standard, the entire cost
of the branch to this company amounting to about
$25,000. That line also is leased to the B. & O. RR.
Co., the rental being $1,500 per annum. Rental,
year ending June 30, 1897, $429,285; other receipts,
$1,573— total, $430,858. Expenses, $24,732; construc-
tion, $38,708— total, $63,440. Net income, $367,418.
Payments: Interest, $112,500; dividends (Jan. and
July, 3 p. c. each), $171,594— total, $284,094. Sur-
plus, $83,324. Financial Statement, June 30, 1897.
—Capital stock ($50 shares), $2,859,900; funded debt,
$2,500,000; interest accrued, not due, $37,500; profit
and loss, $2,781,421— total, $8,178,821. Contra: Cost
of road, etc., $7,159,720; other assets, $1,019,101—
total, $8,178,821. Funded debt: consol. 1st mtge. 4J
p. c. $1.000 gold coup, bonds, dated July 21, 1886;
mature Sept. 1, 1930, interest March and Sept. In-
terest payable by the trustee, Mercantile Trust and
Deposit Co., Baltimore, Md., or at the office of the
Union Trust Co., New York, N. Y. Coupons due
March 1, 1896, on consol. mtge. bonds were pur-
chased, but on June 9, 1896, they were paid by the
lessee; subsequent coupons were paid when due.
The B. & O. RR. Co. owns $376,850 of common stock
and $10 of preferred stock scrip. At the annual
meeting, held April 27, 1898, Messrs. D. C. List,
Wm. A. Fisher, A. B. Crane, Geo. C. Jenkins and
Jas. Sloan, Jr., were appointed as a committee to
report on reorganization. James H. Collins, Pres.,
Columbus, O.; W. H. Ijams, Treas., Baltimore, Md.;
P. C. Sneed, Sec., Columbus, O. Corporate Office,
Columbus, O.

Cleveland, Wooster and Muskingrnm
Valley RR.— Lodi to Millersburg, O., 36.26 in.;
total track (steel, 36.26 m.), 39.5O miles. Gauge, 4
ft. 8J in. Road completed from Lodi to Wooster in
1891; extended to Millersburg in 1894. Operated by
the Baltimore and Ohio RR. Co.; operations included
in the returns of the Akron Division. In 1896-97,
gross earnings, $19,131; expenses and taxes. $31,-
661; net earnings, $12,430. Financial Statement,
June 30, 1897.— Capital stock (par, $100; auth. and
subscribed: common, $200,000; preferred, $100,000),
$300,000; funded debt, 1st mtge. 5 p. c. 40-yr. bonds,
due 1931, $200,000; other liabilities, $256,784; ac-
crued interest, not due, $1,667— total, $758,451.
Contra: Cost of property, $630,890; profit and loss,
$127,561— total, $758,451. Stock and bonds all owned
by the B. & O. RR. Co. Thos. M. King, Pres., Pitts-
burgh, Pa.; James Bartol. Sec., Cleveland, O.; W.
H. Ijams, Treas., Baltimore, Md. General Office,
Cleveland, O.

Columbus and Cincinnati Midland RR.
—Columbus, O., to Midland City, O., 69.8 m.; total
track (steel; 60 Ibs.), 80.95 miles. Chartered as
Columbus and Cincinnati RR. Co., April 12, 1882;
name changed Nov. 6, 1882; road opened Nov. 17,
1884. Leased for 999 years, from Jan. 1, 1890, to
the Central Ohio RR. Co., and lease assigned to the
B. & O. RR. Co. Operated by the latter as its
Midland Division. Rental, 4J p. c. per annum on
$2,000,000 of bonds, and 3 p. c. per annum, com-
mencing- with Jan. 1, 1895, on $1,000,000 of pre-
ferred non-voting stock. Total income, year end-
ing June 30, 1897, $360.885. Expenses and taxes,
$312,587. Net income, $48,358. Paid interest. $120,-
000. Deficit, $71,642. Financial Statement, June 30,
1897.— Capital stock— common, $2,000,000; preferred,
$1,000,000; funded debt ($2,000,000 1st mtge. 4J p. c.
cy. bonds, due Jan. 1, 1933, interest Jan. and July;
$240,000 5-yr. 4} p. c. debentures, due Jan. 1, 1895,
interest Jan. and July), $2,240.000— total. $5,240,000.
Contra: Cost of road, etc., $4.216,364; unfunded debt,
$1,000,000; profit and loss, $23,636— total, $5,240,000.
The preferred stock was issued to the B. & O. RR.
Co. in consideration of the guarantee under the
lease, and was afterwards exchanged for the common
stock at the rate of one share for two. The entire
common stock is therefore held by the B. & O. RR.
Co. That company also holds the entire issue of de-
bentures. The 1st mtge. bonds were originally 6 p. c.,
Issued in 1884, to fall due Jan. 1, 1914, but the date

has been extended to Jan. 1, 1939, and the interest
reduced to 4$ p. c. per annum. Trustee of bonds:
1st mtge., Farmers' Loan and Trust Co., New York,
N. Y. ; debentures, B. & O. RR., Treas., Baltimore.
Md. Interest on 1st mtge. bonds payable at office of
the trustee. Interest due July 1, 1896, was paid in
Oct., 1897; interest due Jan. 1, 1897, and subse-
quently, together with dividends from July, 1896,
are in default. Bondholders' committee consists of:
Chas. S. Hinchman, Chairman; Geo. Stevenson, Sec-
retary, 138 South 3d St., Philadelphia; Harry F.
West, Edward B. Smith and Charles Parrott. Oili-
cers: Orland Smith, Pres., W. H. Ijams, Treas
Baltimore, Md. ; S. P. Peabody, See., Columbus, O.
Corporate Office, Baltimore, Md.

Confluence and Oakland RR.— Length of
line, 19.70 m.; total track (steel; 60 Ibs), 21.55 miles.
Chartered April 2, 1890; built in 1889. Leased to thj
B. & O. RR. Co. for 999 years, from May 1, 1890, the
rental being interest on $200,000 1st mtge. bonds. The
B. & O. will receive at par $20,000 of these bonds per
annum, in payment of freight accruing to it on in-
terchanged traffic, and the bonds so received are to
be cancelled. Rental, year ending June 30, 18i>7
$6,000. Paid interest, $6,000. Capital stock, $200,-
000; funded debt, 1st mtge. 5 p. c. cy. bonds, dated
May 1, 1890, due Nov. 1, 1914, interest May and
Nov., $120.000— total, $320,000. Contra: Cost of
road, $232,535; profit and loss, $87,465— total, $320,-
000. Interest payable at Philadelphia, Pa. Thomas
M. King, Pres., Philadelphia, Pa.; W. H. Ijans,
Treas., Baltimore, Md.; B. Washington, Sec., Pitts-
burgh, Pa. Corporate Office, Pittsburgh, Pa.

Fairmont, Morgrantowii and Pitts-
burgh RR.— Length of line, 57.60 m.; total track
(steel, 65.51 m.), 72.68 miles. Gauge, 4 ft. 8J in. Rail,
64 Ibs. Operated by the B. & O. RR. Co. ; operations
Included in returns of main stem and branches. Con-
solidation Aug. 10, 1893, of the Fairmont, Morgan-
town and Pittsburgh and the State Line RR. Cos. (See
Manual for 1894.) Road completed and opened as
above, April 2, 1894. Rental, year ending June 30,
1897, $197.651; expenses and taxes, $156,415; net
income, $41,236. Paid interest on bonds, $135 000
Deficit, $93.764. Capital stock, $3,000,000; funded
debt (1st mtge. 4} p. c. 100-yr. bonds, due Sept. 1,
1993, interest April and Sept.), $3,000,000; unfunded
debt, $498,539— total. $6,498,539. Contra: Cost of
road, etc., $2,423,465; profit and loss, $4,075.074—
total, $6,498,539. The stock and bonds aro all owned
by the B. & O. RR. Co. Thomas M. King, Pres.,
Philadelphia, Pa.; J. B. Washington, Sec. & Treas.,
Pittsburgh, Pa. Corporate Office, Pittsburgh, Pa.

Lancaster, Cecil and Southern RR.—
Childs to Providence Mill, Md., 4 m.; sidings, 02
mile. Gauge, 4 ft. 81 in. Chartered in 1892; com-
pleted same year. Operated by the B. & O. RR.
Co; earnings, etc., included in returns of main sten
and branches. Corporate Office, Baltimore, Md.

Metropolitan Southern RR.— Metropolitan
So. June., Md., to Potomac River, Md., 2.25 miles.
Gauge, 4 ft. 8J in. Chartered in 1892; completed in
same year. Owned by the B. & O. RH. Co., but not
operated, being unfinished. Corporate Office, Balti-
more, Md.

Newark, Somerset and Straitsville RR.
(Straitsville Div., B. & O. RR. System).— Length of
line, 46.70 m.; total track (steel, 46.70 m.), 5852
miles. Gauge, 4 ft. 8| in. Rail, 67 Ibs. Organ-
nized April 3, 1867; opened Jan. 1, 1872. Leaded
from date of completion till Nov. 1, 1929, to (he
Sandusky, Mansfield and Newark RR. Co., the lense
being subject to perpetual renewal thereafter. Oper-
ated by the B. & O. RR. Co.; rental, 30 p. c. of
gross earnings, with the minimum rental not li;aa
than $40,000 per annum, which is equal to interest
on the company's bonds. For any advances to pay
this minimum, the B. & O. RR. Co. is entitled
to reimbursements from the receipts of any subse-
quent year. Rental, year ending June 30, 1897 $.'!6,-
508; other receipts, $382— total, $36,890. Expenses,
$358. Net income, $36,532. Financial Statement,
June 30, 1897. — Capital stock (par, $50; common,
$795,600; preferred, $230,900), $1,026,500; funded
debt, 1st mtge. 5 p. c. gold bonds, dated Nov., 1SOO,
due Nov. 1, 1929, interest May and Nov., at Balti-
more. Md., $800.000; unfunded debt, $690,889— totnl,
$2,517,389. Contra: Cost of road, $2,203.178; profit
and loss, $314,212— total, $2,517,389. The B. & O.
RR. Co. owns $191,850 of the preferred and $705,550
of the comon stock. Interest duo May 1, 1896. ;ind
subsequently is in default. David Lee, Pres., Zai es-
ville, O.; P. C. Sneed, Soc. & Treas., Newark, O.
Corporate Office, Newark, O.

Ohio and Raltimore Short Line Ry.—
Length of line, 9.30 m.; total track (steel, 10.61 u.),

POOR'S MANUAL— BALTIMORE AND OHIO SYSTEM.

317

12.61 miles. Rail. 60 Ibs. Chartered to build ft
rtmil from O. & B. Short Line June, to Washington,
Pa 46 miles. Road opened In 1885. Operated In
connection with the Pittsburgh Div. of the B. & O.
Sysit'Ui. Income, year ending June 30, 1897, $19,-
078; expenses and taxes, $27,085; deficit. $8,007.
Paid interest, $25.000. Total deficit, $33,007. Cap-
ital stock (par, $50), $290,000; funded debt. 1st
mtge. East. Div. 5 p. c. 14-yr. cy. bonds, due Feb. 1,
1925, interest Feb. and Aug., $500,000; unfunded
debt, $1.200,117— total, $1,990.117. Contra: Cost of
road, $1,545,229; profit and loss, $444,888— total, $1.-
990.117. J. B. Washington, Pres. ; A. W. Black,
Sec , Pittsburgh, Pa.; W. H. Ijams, Treas., Balti-
more, Md. Corporate Office, Pittsburgh, Pa.

Parkersburgr Branch RR.— Length of line,
103.30 m.; total track (steel; 70 and 85 Ibs.), 143.83
miles. Chartered as Northwestern Virginia Feb. 14,
1851; opened May 1, 1857. It was mainly built by
the B. & O. RR. Co., which company operates and
maintains it, under an arangement to take its rev-
enues and apply the same — 1st, to the payment of
operating expenses, and the balance to the annual
interest .upon its bonds, which interest amounts to
$1SU,000. When the net earnings are not equal to
this amount, the deficiency Is advanced by the B. &
O. RR. Co., and constitutes a debt against the Par-
kersburg Branch RR. In 1896-97, net earnings, $69,-
605 Interest on bonds, $180,000; taxes, $24.331—
total, $204,331. Deficit, $134,726. Financial State-
ment, "June 30, 1896.— Capital stock— common. $951,-
295; preferred, $5,680,685; funded debt, 1st mtge. 6
p. c. 40-yr. bonds, due April 1, 1919, interest April
and Oct., at Baltimore, Md.. $3.000,000; unfunded
debt, $1,776,214— total, $11,408,194. The bonds are
held by trustees to secure an equal amount of B. &
O. bonds. The entire issue of preferred stock and
$45,950 of common are held by the B. & O. RR Co.
Orland Smith, Pres.; E. H. Bankard, Treas., Balti-
more, Md.; W. W. Van Winkle, Sec., Parkersburg,
W. Yii. Corporate Office, Parkersburg, W. Va.

Pittsburgh and Connellsville RR.— Pitts-
burgh, Pa., to Mt. Savage June., Md., 146.70 m.;
Hickman Run June., Pa., to Cora Mines, 2.10 m.—
total, 148.80 m.; 2d track, 59.70 m.; sidings, 89.90
miles. Rail (steel, 266.42 m.), 60 to 70 Ibs. From
Mt. Savage June, to Cumberland, Md., 3.5 m., the
tracks of the Cumberland and Pennsylvania RR. are
used under contract, making the total length of the
main line as shown in the mileage statement of
the B. & O. RR., 150.20 miles. Chartered April 2.
1837; charter amended April 18, 1853, extending the
ropd to Cumberland, Md. ; opened throughout In
April, 1870. Leased for 50 years (renewable in
perpetuity at the option of the lessee), from Jan. 1,
1876, to the B. & O. RR. Co., any surplus net In-
come over interest and sinking fund charges to go to
lessor. The aggregate interest on the bonded debt of
this company, including the $10,000,000 bonds of the

i.v

$2,825,205; other receipts. $17.913— total, $2,843.

.'in.* i, Atrzv, juitttrai uau. anu UU1V, o — .

consol. mtge. 6 p. c. 50-yr. gold bonds, due Jan l'
1926. interest Jan. and July. $6.648.224; 2d consol.

Manual for 1897, p. 304. They are secured by a
mtge., dated Jan. 31, 1886, Union Trust Co. of New
York, trustee, covering all the property of the Pitts-
burgh and Connellsville RR., the securities purchased
as above, and the terminal property at Pittsburgh,
purchased by the B. & O. RR. Co. for the use of
the Pittsburgh Division. These bonds are deposited
as security for the B. & O. RR. loan of 1885. Interest
on the Ists is payable at Baltimore; on extended Ists
at the New York agency; on consols, at London, and
on construction bonds at Pittsburgh. Interest due
July 1, 1897, and Jan. 1, 1898. on both the 1st mtge.
7 p. c. bonds and the 1st consols was not paid at
maturity. The 1st mtge. coupons have been pur-
chased by Vermilye & Co. of New York. In Sept.,
1897, suit was brought for the foreclosure of the
consol. mtge. and the appointment of a receiver.
Orland Smith, Pres., Cincinnati, O.; J. B. Washing-
ton, Sec., Treas. & Auditor, Pittsburgh, Pa. Prin-
cipal Office, Pittsburgh, Pa.

RAILROADS LEASED BY THE PITTSBURGH AND CON-
,s Ki.i.-y II.I.K RR. Co

FAYETTE COUNTY RR.-Length of line, 11.80
m.; total track, 18.17 miles. Gauge, 4 ft. 8i In.
Rail, 43 to 56 Ibs. Leased to P. & C. RR. Co. for
99 years, from Nov. 1, 1864; annual rental, $9,000.
Dividends quarterly, commencing Jan. 10, at the
First National Bank, Unlontown, Pa., 2 p. c. each,
$8.592. Capital stock (par. $50), $107,400. Cost of
road, etc., $130,000. E. B. Dawson, Pres.: J. V.
Thompson, Sec. & Treas., Unlontown, Pa. Corporate
Office, Unlontown, Pa.

MOUNT PLEASANT AND BROAD FORD RR.
—Length of line, 9.7 m.; total track, 13.31 miles.
Rail (steel. 11.76 in.), 60 Ibs. Chartered May 16,
1870. Leased to and operated by the P. & C. RR.
Co. Income, year ending June 30, 1897. $6.966; ex-
penses and taxes, $864; net Income, $6.102. Capital
stock, $150,500; profit and loss, $701,883— total,
$852,383. Cost of road. $203,983; other assets, etc.,
$648,400— total, $852.383. J. B. Washington, Pres.;

A. W. Black, Sec. & Treas., Pittsburgh, Pa. Cor-
porate Office, Pittsburgh, Pa.

Siimlii.sk \ , 11 a ii. stic lil and Newark RR.

(Lake Erie Division, B. & O. System).— Length of
line, 116.25 m.; total track (steel, 116.25 m.),
161.55 miles. (See mileage statement of B. &

0. RR.) Gauge, 4 ft. 81 in. Rail. 64 Ibs. Con-
solidation, July 25, 1856, of the Monroevllle and
Sandusky City, the Mansfield and New Haven, the
Columbus and Lake Erie, and the Huron and Oxford
RR. Cos. (See Manual for 1891.) Entire line com-
pleted in 1856. Leased Feb. 13, 1869, to Central
Ohio RR. Co. for 17 years and 5 months, from July

1, 1869, at an annual rental of $174,350, and 15 p. c.
on a portion of the traffic, the B. & O. RR. Co.
guaranteeing rental. The lease has been amended
and extended for two additional terms, ending Dec.
1, 1926, and is subject to perpetual renewal there-
after, in terms of 20 years, the annual rental being
$201,850. Rental, year ending June 30. 1897, $90,-
834. Expenses. $7,807. Net income, $83.027. Paid
interest on bonds. $80,500. Surplus, $2.527. Finan-
cial Statement. June 30, 1897.— Capital stock (par,
$50), $1,080,600; funded debt. 1st mtge. 7 p. c. 40-
yr. cy. bonds, due July, 1909 (auth., $2,325.000),
$2.300,000; interest unpaid, $80,500; profit and loss,
$2.527— total, $3,463,627. Cost of road, etc., $3,382,-
600. Interest on bonds payable at office of the
trustee. Union Trust Co., New York, N. Y. Interest
due July 1, 1896, was paid with interest thereon in
Dec., 1896; interest due Jan. 1, 1897, was paid with
Interest thereon in Dec., 1897; interest due July 1,
1897, and subsequently is in default. On Nov. 30,
1897, the president and the treasurer were appointed
receivers. The B. & O. RR. Co. owns $237,800 of
the capital stock, and $474,000 of the bonds— in sink-
ing funds. John Gardiner, Pres. & Receiver. Nor-
walk, O.; Jay O. Moss, Treas. & Receiver; Aug. L.
Moss, Sec., Sandusky, O. Corporate Office, San-
dusky, O.

Somerset and Cambria RR. — Length of
line 45.10 m.; total track (steel. 50.93 m.). 54.33
miles. Rail, 60 Ibs. Organized Jan. 27, 1879. as
successor to the Somerset and Mineral Point RR.
Co., whose road was sold under foreclosure Jan.
8, 1879. (See Manual for 1891.) Operated by the

B. & O. RR. Co., in connection with its Pitts-
burgh Division. Income, year ending June 30, 1897,
$121,954. Expenses and taxes, $102,720. Net Income,
$19.234. Paid interest, $30.688. Surplus, $11.454.
Capital stock (par, $50). $1,000,000; funded debt, 1st
mtge. 6 p. c. 20-yr. cy. bonds, due Jan. 1, 1899,
Interest Jan. and July, $75,000; traffic 5 p, c, cy.

318

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

bonds, due July 1, 1900 (principal and interest pay-
able in freight), $97,000; 2d mtge. 5 p. c. 40-yr. cy.
bonds, due Feb. 1, 1925, interest Feb. and Aug.,
$500,000— total, $1,672,000. Contra: Cost of road,
etc., $1,342,364; other assets, $305,188; profit and
loss, $24,448— total, $1,672,000. J. B. Washington,
Pres.; A. W. Black, Sec., Pittsburgh, Pa.; W. H.
Ijams, Treas., Baltimore, Md. Corporate Office,
Pittsburgh, Pa.

South Branch RR.— Length of line, 16 in.;
total track (steel; 64 Ibs.), 16.86 miles. Chartered
Feb. 23, 1871; opened Sept. 1, 1884. The road is
operated by the B. & O. RR. Co. but without a
lease. Its operations are included in the returns of
main stem and branches. In 1896-97 there was a
deficit In meeting working expenses of $6,888; add
taxes, $1,997— total, $8,885. Financial Statement,
June 30, 1897.— Capital stock, $130,700; funded debt,
1st mtge. 8 p. c. 30-yr. coup. $1,000 cy. bonds, due
May 1, 1903, interest May and Nov., $200,000; cur-
rent liabilities, $48,830— total, $379,530. Contra :
Cost of road, $331,072; profit and loss, $48,458— total,
$379,530. The B. & O. RR. Co. owns $100,000 of the
stock and $178,000 of the bonds of this company.
John K. Cowen, Pres.; W. H. Ijams, Treas.; George
M. Shriver, Sec., Baltimore, Md. Corporate Office,
Baltimore, Md.

\\ iiMli i UK-ton Branch RR. — Length of line,
31 m.; total track (steel), 74.49 miles. Built under
the charter of the Bait. & Wash. RR. Co., granted
In Maryland, March 3, 1833; opened Aug. 25, 1835.
Of the capital, nearly two-thirds ($1,028,000) is held
by B. & O. Co., and one-third by the State of Mary-
land; only $72,000 held by individuals. Net earnings,
year ending June 30, 1897, $16,755; surplus from pre-
vious years, $757,055— total, $773,810. Contra: Divi-
dend (5 p. c., paid Nov. 1, 1896), $82,600; interest on
annuity, $1,000; taxes, $12,055; interest on real
estate mtge., $3,211; construction, $1,556; other
charges, $4,604— total, $104,926. Balance, June 30,
1897, $668,884. Full dividends 10 p. c. per annum,
were paid through a long term of years; the pay-
ments due May 1, 1897, and subsequently were
passed. Application has been made for a separate
receiver for this road. Financial Statement, June 30,
1897.— Capital stock. $1,650,000; profit and loss,
$859,277— total, $2,509,277. Contra: Construction,
equipment, etc., $1.840,393; other assets, $668,884—
total, $2,509,277. John K. Cowen, Pres.; W. H.
Ijams, Treas., Baltimore, Md. Corporate Office,
Baltimore, Md.

Washington City and Point Lookout
RR. (Alexandria Branch).— Length of line, 12.50 m.;
total track, 14.36 miles. Chartered in 1871 to con-
struct a road from Washington City to Point Look-
out, Md., 80 m.; portion now in operation opened in
1873, and leased in perpetuity to B. & O. RR. Co. The
line (Alexandria Branch of the B. & O.) was built by
this company, but was deeded to the B. & O. on Nov.
18, 1874. Rental, $36,000 per annum, of which $32,400
Is applied to the payment of interest on $540,000 6 p.
c. bonds of this company, and the balance, $3,600, is
annually appropriated to extinguish the issue of these
bonds at maturity on June 1, 1913. Capital stock
authorized, $2,540,000; paid in, $1,000,000; funded
debt, 1st mtge. 6 p. c. sinking fund guaranteed gold
bonds, due June 1, 1913, Interest June and Dec., at
Baltimore, Md., $540,000— total, $1,540,000. Esti-
mated cost of road to date ($64,000 per mile), $800,-
000; sinking fund, $79,000. Interest due June 1,

1896, and subsequently is in default.
Washington Connty RR.— Length of line,

24.20 m.; total track, 29.34 miles. Chartered May
30, 1850; opened in Dec., 1867. Leased to B. & O.
RR. Co. for 10 years, from Jan. 1, 1868. Lease not
renewed; road, since Jan. 1, 1878, operated by B.
& O. RR. Co. at cost. Income, year ending June 30,

1897, $50,834. Expenses, $50,587. Net earnings,
$247. Capital stock, $982,680, of which the B. &
O. RR. Co. owns 38,464 shares, representing at par,
$766,290. Charles K. Lord, Pres.; F. M. Hilde-
brandt, Sec., Baltimore, Md. Corporate Office, Balti-
more, Md.

Wheeling?, Pittsburgh and Baltimore
RR.— Length of line, 65.80 m. ; total track, 97.22
miles. Rail (steel, 79.27 m.), 60 Ibs. Successor to
the Hempfleld RR. Co., whose road was sold under
foreclosure May 1, 1870. On Aug. 5. 1887, the Balti-
more and Ohio Short Line was consolidated with this
company. Operated by the B. & O. RR. Co. Deficit
in operation, year ending June 30, 1897, $35,827; add
taxes, $5,051. Interest on bonds, $275,000. Defi-
cit, $315,878. Capital stock (par, $50), $5,500,000;
funded debt (1st mtge. [Northern Div.] 5 p. c. cy.
bonds, due Feb. 19, 1925, Interest Feb. and Aug.,
$500,000; 1st mtge. 5 p. c. 5Q-yr, cy, bonds, due

Aug., 1937, interest Feb. and Aug., $5,000,000),
$5,500,000— total, $11,000,000. Contra: Cost of road,
$7,198,973; cash and current assets, $1,331,070; profit
and loss, $2,469,957— total, $11,000,000. The North-
ern Division Ists are secured on the line from Glen-
wood to Whitehall, 5 m.; the consols on the entire
line owned, 61.8 m., but subject to the lien of the
Northern Division Ists. J. B. Washington, Pres., A.
W. Black, Sec., Pittsburgh, Pa.; W. H. Ijams,
Treas., Baltimore, Md. Corporate Office, Pittsburgh,
Pa.

"Winchester and Potomac RR.— Length
of line, 32 m.; total track (steel, 28.75 m.), 36.61
miles. Rail, 60 to 72 Ibs. Chartered April 8,
1831; road opened in 1836. Leased to B. & O.
RR. Co., for 20 years (renewable forever), from
July 1, 1867, and operated as part of the Valley Line;
rental, $27,000— applied to interest on bonds :i:nl
dividends on stock. Capital stock, $180,000; bomifd
debt (1st mtge. refunded and reissued 6 p. c. 30- \ r.
cy. bonds, due July 1, 1897, $147,250; 2d mtge. 5 \< <•.
cy. bonds, dated Dec. 27, 1882, due July, 1913, $85.-
000), $232,500— total, $412,500. Interest payable Jim.
and July, at Baltimore, Md. William H. Baker,
Pres.; Wm. M. Atkinson, Treas. & Sec., Winchester,
Va. Corporate Office, Winchester, Va.

"Winchester and Strasburg RR.— Length
of line, 20.38 m.; total track, 23.88 miles. Char-
tered in 1860; road opened in 1870. Leased for 17
years from July 1, 1870, to B. & O. RR. Co., and
operated as part of the Valley Line. Lease atnend-
ed and extended for 20 years, from July 1, 1877,
renewable forever thereafter. Capital stock (p.-ir,
$100), $600.000, of which 746 shares are held by in-
dividuals, and on which the B. & O. RR. Co. guaran-
tees dividends of 4 p. c. per annum. The remaining
5,254 shares are held by the B. & O. RR. Co. John
K. Cowen, Pres.; W. H. Ijams, Sec. & Treas., Balti-
more, Md. Corporate Office, Winchester, Va.

RAILROADS OPERATED BY THE B. & O. RR. Co. BUT
OPERATIONS NOT INCLUDED IN THE STATEMENT
ON PAGE 303.

Bay Ridge and Annapolis RR.— Bay Ridge
to Bay Ridge June., Md., 4.5 m. ; total track (steel,
4.5 m.), 5.76 miles. Gauge, 4 ft. 8J in. Rail, 70
Ibs. Chartered Feb. 10, 1886; road opened Aug. 1,
1886. Leased May 1, 1895, to the B. & O. RR. Co.
Operated by the B. & O. RR. Co. for account of the
owners. Operations, year ending June 30, 1897.— No
record of train mileage. Passengers carried, 85.124;
carried one mile, 383,058. Gross earnings (pas-
senger), $2,964. Operating expenses, $3,589. Deficit
from operations, $625. Accrued interest on bonds
(not paid), $3,000; taxes, $208— total, $3,208. Deficit
for year, $3,833; deficit forward, $39,021— total, $42,-
854. Financial Statement, June 30, 1897.— Capital
stock (par, $50), $5O,000; funded debt (1st mtge. 6
p. c. 15-yr. $1,000 coupon bonds, due April 1, 1901,
interest April and Oct.), $50,000; other liabilities,
$55,465— total, $155,465. Contra: Cost of road, $55,-
728; current assets, $56,883; profit and loss, $42,854
— total, $155,465. Interest on bonds payable at the
office of the trustee, Union Trust Co., Philadelphia,
Pa. Directors: C. K. Lord, H. L. Bond, Jr., A.
Faure, G. D. Penniman, G. M. Shriver, G. H.
Slaughter, Baltimore, Md. ; J. Wirt Randall, Anna-
polis, Md. Officers: C. K. Lord, Pres., Baltimore,
Md.; J. Wirt Randall, Vlce-Pres., Annapolis, Md.;
C. W. Woolford, Sec.; W. H. Ijams, Treas.; G. W.
Booth, Auditor, Baltimore, Md. General Office, Bal-
timore, Md.

Berkeley Springs and Potomac RR. —
Hancock to Berkeley Springs, W. Va., 5.95 m.; total
track (steel; 6.63 m.), 6.82 miles. Chartered Jan. 3,
1888; road opened same year. Built by the B. & O.
RR. Co., under an agreement whereby the B. & O.
received in payment for its expenditure $60,000 bonds
secured on the road. Operated by the B. & O. RR.
Co. for account of the owners. Operations, year end-
ing June 30, 1897.— Trains (mixed) run, 13,392 miles.
Passengers carried, 10,267; carried one mile, 61.796.
Tons freight moved, 14,758; ton-miles, 88,548. Earn-
ings (passenger, $1,701; freight, $3.286; other, $335),
$5.322. Operating expenses, $14,030.24; taxes. $(>51
—total, $14,681. Deficit, $9,359; deficit forward,
$52,498— total, $61,857. Capital stock (auth., $40,-
000; par, $25), $30,650; unfunded debt, $120.21:'—
total, $150,862. Contra: Cost of road, etc., $89.0o5;
profit and loss, $61,857— total, $150,862. Directo-s:
G. F. Weber, H. W. Disher, R. Hunter. Jacob Ho-n,
Peter Herring, T. H. B. Dawson, J. H. Buzzard, D.
P. Wright, Geo. W. Havermab, Berkeley Springs,
W. Va.; Samuel Whisner, Great Cacapon, W. Va/
Officers: T. H, B. Dawson, Pres.; J. H. Buzzard,

POOE'S MANUAL — BALTIMORE AND OHIO SYSTEM.

319

Vice-Pres., Berkeley Springs, W. Va.; Samuel Whis-
ner, Sec. & Treas., Great Cacapon, W. Va.

Salisbury RR.— Length of lines, 11.70 m. ; total
track (steel, 14.46 m.), 20.56 miles. Rail, 59 Ibs.
Chartered May 8, 1875; completed in 1878. Operated
by the B. & O. KK. Co. as agent for the owners.
Operations, year ending June 30, 1897. — Train mile-
age not reported. Passengers carried, 1,761; carried
one mile, 13,946. Tons freight moved. 519.207 ;
moved one mile, 3,190,499. Gross receipts, $28,036.
Expenses, $11,053. Net income, $9,906. Paid in-
terest, $10.500; dividends, $7,077— total, $17,577.
Deficit, $594. Capital stock (par, $50)— preferred,
$13,700; common, $104,250; scrip, $37; funded debt
(1st mtge. 7 p. c. 20-yr. $100, $500, and $1,000 coup,
cy. bonds, due Jan. 1, 1898. interest Jan. and July),
$150,000; unfunded debt, $18; profit and loss, $22.197
— totul, $290,202. Contra: Cost of road, etc., $277,-
722; other assets, $12,480— total. $290,202. Voting
power attaches to stock after sixty days' ownership.
Interest payable at the Citizens' National Bank,
Pittsburgh, Pa. Trustee of bonds: George A. Berry,
Pittsburgh, Pa. Directors: Willis L. King, C. B.
Clark, T. S. Clark, F. J. Torrance, J. B. Haines,
Pittsburgh. Pa.; W. J. Chapman, Baltimore. Md.;
C. R. Hubbard, Wheeling, W. Va.; Chas. F. Foster,
( hioago. 111. Officers: J. B. Washington, Pres.; A.
W. Black, Sec., Pittsburgh, Pa.; W. H. Ijams,
Treas., Baltimore, Md. Corporate Office, Pitts-
burgh, Pa.

S«-hn> lliill Klver East Side RR.— Length
of line, 11 m.; total track (steel, 36.56 m.). 43.32
miles. Rail— iron, 64; steel, 78 and 85 Ibs. Gauge,
4 ft. 8} in. Consolidation, May 19, 1886, of a com-
pany of the same name, chartered July 14, 1883,
with the Phila., Newtown & Chester RR. Co. Road
opened Dec. 15, 1886. (See Manual for 1890, p. 320.)
Operated by the B.'& O. RR. Co., but traflic opera-
tions and earnings not included in that company's
report. This company receives an arbitrary as ren-
tal, from which is paid interest on bonds. Income
Account, year ending June 30, 1897: Rental, $356,-
490. Paid interest on bonds, $225,000; construction,
$31,600; taxes, $45.159— total. $301,759. Surplus,
$54,731; surplus forward, $291.754— total, $346.485.
Financial Statement, June 30, 1897.— Capital stock,
$4,500,000; funded debt, 1st mtge. 5 p. c. 50-yr.
$1,000 coup, gold bonds, due Dec. 1, 1935, inter-
est June and Dec., at Solicitor's Loan and Trust
Co., Philadelphia, Pa., $4,500,000; profit and loss,
$346,485— total, $9,346,485. Contra: Cost of road,
$9,000,000; other assets, $346,485— total, $9.346,485.
The bonds are guaranteed by the B. & O. RR. Co.
Trustee: Penn. Co. for Insurance on Lives and Grant-
ing Annuities, Philadelphia, Pa. Thomas M. King,
Pres. ; Theo. Frothingham. Sec. & Asst. Treas.,
Philadelphia, Pa.; W. H. Ijams, Treas., Baltimore,
Md. Corporate Office, 2400 Chestnut St., Philadel-
phia, Pa.

Board of Directors, B. & O, RE. Co., elected Nov. 15, 1897.

William F. Frick.
Jas. L. McLane...
Geo. C. Jenkins..
Alexander Shaw . .

. .Baltimore, Md.

Eugene Delano New York, N. Y.

Edward R. Baccn. " " "

Wm. A. Read " " "

Howland Davig " " •'

On part of Stockholders :

Geo. A. Von Lingen. Baltimore, Md.

Maurice Gregg " "

Wm. H. Blackford...
Louis Fitzgerald. . .New York, N. Y.
On part of State of Maryland (Wash. Br.):
H. Crawford Black Baltimore, Md. | John V. L. Findlay Frederick, Md.

Receivers and Officers, B. & 0. RR. Co.
JOHN K. COWEN,
OSCAR G. MDBRAY,
JOHN K. COWEN, President "

Treasurer— W. H. Ijams Baltimore, Md. I Comptroller— H. D. Bnlkley Baltimore, Md.

Secretary— C. W. Woolford " •« | General Auditor— Geo. W. Booth

PRINCIPAL OFFICE AND ADDRESS Central Building, Baltimore, Md.

> Receivers Baltimore, Md.

BALTIMORE AND OHIO SYSTEM.— CLEVELAND TERMINAL AND

VALLEY RR. CO.

Main Line of Road. — Cleveland, 0., to Valley Junction, 0 75.31 m.

Newburgh Branch, 2.8t>; Tod Branch, 4.80; other 'branches, 3.56 11.22 m.— 86.53 miles.

2d track, 1.90m.; sidings, 61.78 miles. Gauge, 4 ft. 8| in. Rail — iron, 56 and 60; stei-1
(97.12 m.), 07 Ibs.

History. — Incorporated Oct. 3, 1895. Acquired the assets of the Valley Ry. Co. at fore-
closure sale on Sept. 10, 1895, and began to operate the road Oct. 6, 1895.

Rolling Stock, June 30, 1897. — Locomotives, 30. Cars — passenger, 10 ; excursion, 11 ;
combination, 2 ; baggage, mail and express, 3; milk, 1; freiglit (box, 2 ; coal, 963 ; flat, 41;
caboose, 12), 1,018; other, 4— total, 1,049.

Operations, year ending June 30, 1897. — Train mileage — passenger, 210,936; freight,
205,095; other, 94,583 — total, 510,614 miles. No record of passenger and freight traffic.

Earnings— Passenger §149,512 08

Freight 606,918 75

Mail and Express 18,536 59

Miscellaneous 14,94412

Expenses — Conducting Transportation $321,568 61

Maii'tenance of Equipment 80,170 90

Maintenance Way and Structures. 105,973 79
General 29,457 85

Total ($9,128.76 per mile) $789,91 1 54 Tola! ($6,207.92 per mile) $537,171 15

Net earnings (31.99 p. c.), $252,740.39; other receipts, $7,415.44— total, $260,155.83. Paid
interest on bonds, $220,000; taxes, $22,643.65— total, $242,643.65. Surplus, $17,512.18; sur-
plus forward, $'?8,357.01— total, $45,869.19.

320 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Financial Statement, June 30, 1897. — Capital stock— common (par, $50), $4,615,300 ;
preferred (par, $100), $2,060, 750— total, $6,676,050; funded debt (1st mtge. 4 p. c. 100-yr.
$1,000 gold coupon bonds, due Nov. 1, 1995, interest May 1 and Nov. 1; auih., $6,000,000),
$5,500,000; bills payable, $20,000; current accounts, $105,067.63; interest accrued, $36,-
666.66 ; unpaid coupons, $4,120; improvements at Cleveland, special account, $30,542.96 ;
profit and loss, $45,869.19— total, $12,418,316.44. Contra : Cost of property, $12,059,165.30;
stocks owned, $500; materials and fuel, $37,183.05; bills receivable, $12.764.35; Mercantile
Trust Co., trustee, improvement fund, $152,100 ; current accounts, $130,47'2.53 ; cash, $56,-
131.51 — total, $12,418,316.44. Both principal and interest of bonds guaranteed, by endorse-
ment, by the Baltimore and Ohio RR. Co. Interest payable at the company's agency in New
York. Trustee of bonds: Mercantile Trust Co., New York. Stock must be owned 30 days
to entitle holder to vote.

Directors (as constituted Oct. 19, 1897). — Thomas M. King, Baltimore, Md.; James May
Duane, Philadelphia, Pa.; Calvary Morris, J. H. McBride, G. A. Garretson, S. T. Everett,
F. H. Goff, James Bartol, Cleveland, O.; L. V. Bockius Canton, O.

THOMAS M. KING, President Baltimore, Md.

S. T. Everett, Vice- President Cleveland, O.

Treasurer— F. E. Rittmann Cleveland, O. | Sec. & Auditor— James Bartol Cleveland, O .

PRINCIPAL OFFICE AND ADDBESS Cleveland, O.

BALTIMORE AND OHIO SYSTEM.— MONONGAHELA RIVER RR.

Line of Road.— Fairmont to Clarksburg, W. Va 31.20 miles.

Sidings, 13.04 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.

History.— Chartered Sept. 28, 1888 ; road opened Aug. 4, 1890.

Rolling' Stock, Dec. 31, 1897. — Locomotives, 8. Cars — passenger, 3; baggage, etc., 2;
freight (box, 5 ; flat, 5 ; coal, 1,308), 1,318— total, 1,323.

In addition to the equipment shown above the company leased from the Southern Iron Car Line 100 flat bot-
toingondola coal cars on May 30, 1896 ; all of which were received within ninety days after date of contract. The
Jf. R. RR. Go. also leased from the same company (under the name of the Express Coal Line) 250 hopper bottom
gondola coal cars on Dec. 24, 1897. These cars to be delivered as soon as ready. A consolidation of these two
leases was made, giving the M. R. RR. the operation of the entire 350 cars on a rental basis of $3.60 per month,
per car, as a guaranteed minimum. The further agreement being that, of any monthly excess mileage earnings
made by these cars over and above $3.60 per month— calculating earnings at sis-tenths of one cent per mile—
six-sevenths of such excess earnings shall oe paid by the lessee to the lessor.

Operations, year ending Dec. 31, 1897. — Train mileage and passenger traffic not reported.
Tons freight moved, 935,978. Earnings— passenger, $31,933; freight, $122,800.02; mail,
$2,134.16 ; express, $995.03 ; other, $34,668.76— total, $192,530.97. Operating expenses-
transportation, $33,188.54; motive power and cars, $30,930.43; maintenance of way, $29,-
350.42 ; general, $18,043.36— total, $111,512.75. Net earnings, $81,018.22. Paid interest on
bonds, $35,000 ; taxes, $4,144.58— total, $39,144.58. Surplus, $41,873.64 ; surplus forward,
$369,739.17— total, $411,612.81.

Financial Statement, Dec. 31, 1897.— Capital stock ($100 shares), $1,300,000; funded
debt (1st mtge. 5 p. c. 30-yr. $1,000 gold coup, bonds, due Feb. 1. 1919, interest Feb. and
Aug., at the office of the trustee, Central Trust Co., New York, N. Y.; $700,000 ; 1st mtge.
coal 5 p. c. 50-yr. $1,000 gold coup, bonds, due Dec. 1, 1945, interest June and Dec., $1,500,-
000), $2,200,000 ; car trust notes (principal, $135,814.30 ; interest, $19,973.62), $155,787.92 ;
accounts payable, $203,128.65 ; profit and loss, $411,612.81— total, $4,270,529.38. Contra :
Construction and equipment, $2,068,221.44 ; real estate, $1,170,932.84 ; car trust assets, $398,-
893.83 ; accounts receivable, $259,615.36 ; treasury stock (256 shares M. R. RR. Co., stock),
$25,600 ; treasury bonds (M. R. RR. 1st mtge. coal bond*), $336,625 ; cash on hand, $10,640.91
— total, $4,270,529.38. Principal of bonds may be registered. Principal and interest of tbe
1st mtge. 5s of 1919 are guaranteed by the Baltimore and Ohio RR. Co., by endorsement on
each bond.

Directors. — J. N. Camden, B. D. Spilman, Sprigg D. Camden, Parkersburg, W. Va.;

POOR'S MANUAL — BALTIMORE AND OHIO SYSTEM. 321

.la-. Moan, Jr., Baltimore, Md.; J. E. Sands, Fairmont, W. Va. ; C. W. Harkness, Daniel S.
Lamont, New York, N. Y. ; J. A. Fickinger, Monongah, W. Va. ; A. P. Gorman, Laurel, Md.

J. N. CAMDEN, President Paikersburg, W. Va.

J. A. Fickinger, Vice-Pres. & Gen. Man Monongah, W. Va.

Treasurer — J. E. Sands Fairmont, W. Va. | Secretary— S. D. Camden Parkersburg, W. Va.

Gen. Superintendent— Hugh G. Bowles Monongah, W. Va.

GENERAL OFFICE Monongah, W. Va.

BALTIMORE! AND OHIO SYSTEM.— PITTSBURGH AND WESTERN RY. CO.

C Allegheny to No. Sewickley, Pa. (g., 4 ft. 8£ in.) 46.10 m.
Rock Point to New Castle, Pa. (g., 4 ft. 8| in.). . 11.00 m.

Main Line^ :K Callery June, to Butler, Pa. (g., 4 ft. 8£ in.) 13.90 m.

Butler to Kane, Pa. (g., 3ft.) 111.99m.

[Kane June, to Mount Jewett, Pa. (g., 3 ft.) 11.07 m.— 194.06 miles.

Duck Run Branch : Frisco, Pa., to Cowthers, Pa. (g. , 4 ft. 8£ in.). . 5.80 m.
Clarion Branch, : Clarion Junction, Pa., to Clarion, Pa. (g., 3 ft.). . . 6.20 m.— 12.00

(P., C. & T. RR.: N. C. Jc., Pa., to A. Jc., O.(g.,4 ft. 8£ in.). 77.10 m.
Leased : \ P., P. & F. RR. : Niles, O. , to Fairport, O. (g., 4 ft. 8£ in.). 53.00 m.

(Ellwood Short Line : At Ellwood, Pa. (g., 4 ft. 8£ in.) 3.10 m.— 133.20

Total length of lines owned (206.06 m.) and operated, June 30, 1897 .339.27 miles.

2d track (owned 33.20 m.; leased, 3.10 m.), 36.30 m. ; sidings (owned — u. g., 43.10 m ; s. g.,
51.16 m. ; leased, 57.88 m.), 152. 14 miles. Total track— owned (n. g., 172.36m.; s. g., 161.16
m.), 333.52m.; leased, 194.19 m. — total, 527.71 miles. Rail (steel), narrow gauge, 40 Ibs.;
standard, 60 and 70 Ibs.

At Allegheny the company owns terminal yards extending from near Pine Creek to Jack's
Run, a distance of about 7 m., covering almost the entire river frontage of Allegheny City.

History. — Reorganization, June 26, 1887, of the Pittsburgh and Western RR. Co., whose
road was sold under foreclosure June 8,^ 1887. (See MANUAL for 1887, p. 301.) In 1891 the
B. & 0. RR. Co. purchased a controlling interest in the stock of this company. For terms of
leases see subjoined statements. On March 2, 1896, the president was appointed receiver,
and on April 16, 1896, the. court appointed W. R. Blair special master in the receivership.
Two issues of receiver's certificates have been made, the first for $500,000, of which $393,300
were outstanding on June 30, 1897, and about $466,278 on April 1, 1898, and the second for
$400,000, authorized and issued since June 30, 1897. The first series certificates are subject
in lien to the 1st mtge. 4 p. c. bonds of 1917; the 2d series certificates carry a lien prior to
the 1st mtge. 4 p. c. bonds of 1917, but not prior to the old divisional 1st mtge. bonds.

In April, 1898, the receiver issued $550,000 car trust certificates for the acquisition of 4
locomotives, 250 box cars, 450 steel cars, 1 accommodation car and 2 passenger coaches.

In May, 1898, the receiver, under authority of the Court, purchased the Ellwood Short
Line RR., statement for which see.

Rolling Stock, June 30, 1897.— P. & W. Ry.: Standard— Locomotives, 71. Cars — pas-
senger, 12 ; baggage, etc., 7; freight (box, 193; stock, 3; flat, 92; coal, 3,071; coke, 154; side
dump, 17), 3,530; caboose, 32; other, 12— total, 3,593. Narrow— Locomotives, 16.' Cars-
passenger, 12; baggage, etc., 7; pay, 1; freight (box, 103; flat, 81; coal, 258; side dump, 3),
445; caboose, 9; other, 4 — total, 478. Total all lines — Locomotives, 112. Cars — passenger,
|35; baggage, etc., 20; oflicers' and pay, 2; freight (box, 555; stock, 3; flat, 189; coal, 4,520;
side dump, 70; coke, 196), 5,533; caboose, 44; other, 19 — total, 5,653. (For details of equip-
ment of the leased lines see appended statements.)

Operations, year ending June 30, 1897 (P. & W. proper).— Traffic statistics not reported.

Expenses— Conducting Transportation $580,412 25

Maintenance of Equipment 212,152 75

Maintenance Way and Buildings 167,497 64

General 76,78056

Earnings— Passenger $361,1

Freight 1,238,766 69

Mail and Express 46,213 77

Rentals 16,57525

Total ($8,072.22 per mile) r $1,663,363 69

Total ($5,031.75 per mile) 81,036,843 16

Net earnings (37.67 p. c.), $626,520.56 ; add dividend Foxburg Bridge st'>rk, $3,000—
otal, $629,520.53. Payments : Interest on bonds, $515,190; on debt, $216,109.56 ; taxes,
520,400— total, $757,699.56. Deficit, $128,179,03.
21

822

POOR'S MANUAL OF RAILROADS — RAILROAD " SYSTEMS.'

Statement of mileage, operations, and general balances for eight fiscal years :

1890

June 30.

1891

June 30.

1892

June 30.

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles »f Railroad Operated.
Miles of Railroad Owned . . .
Miles of Track Owned ... .
Miles of Steel Rail Owned..

Passenger .Earnings

374.40
213.90
291.22
213.90
$
330,639

382.90
213.90
291.67
213.90

$

362,447

352.30
210.60
327.46
327.46

378,634

352.30
210.60
326.16
32*5.16

333,372

352.00
210.30
325.85
325.85

371,061

343.50
210.30
327.00
327.00

345,100

343.50
210.30
327.40
327.40

373,797

339.27
206.06
S33.52
333.52
$
361,808

Freight Earnings

1,051,445

1,016,833

1,096,432

1,104,837

920,358

1,247,595

1,381,562

1,238,767

Muil and Express Earnings.
Miscellaneous

37,264
12,928

40,881
16,712

*
13,814

33,830
10,743

40,330
12,232

43.471
41,449

44,627
16,791

46,214
16,575

Gross Transp. Earnings
Gi oss Expenses

1,432,276
774,767

1,436,873
983,455

1,488,880
1,179,920

1,482,782
1,192,675

1,343,981
927,912

1,677,615
1,102,152

1,816,777
1,202,432

1,663,364
1,036,843

Net Earnings

657,509

453,418

308,960

290,107

416,069

575,463

614,345

626,521

Other Income t

3,000

3,000

16,276

3,000

3,000

Total Revenue

660,509

456,418

808,960

306,383

416,070

575,463

617,345

629,521

Interest ..

414,010

455,647

546,565

618,500

670,667

668,053

680,370

731,300

Taxes

19,043

23,970

36,616

24,000

26,000

29,400

26,400

26,400

Surplus or Deficit

8. 527,456

D. 23,199

Z».274.221

D.336,117

D.280,598

D. 121,990

D. 89,425

D. 128,179

Preferred Stock

5,000,000

5,000,000

5,000,000

5,000,000

5,000,000

5,000,000

5,000,000

5,000,000

Common Stock

7,000,000

7,000,000

7,000,000

7,980,000

8,500,000

8,500,000

8,500,000

8,500,i)00

Funded Debt

9,650,000

9,900,000

11,620,000

12,140,000

13,800,000

13,800,000

13,800,000

13,800,iWO

Real Estate Mortgages
Lease Warrants (Car.Trnsts)
Accounts and Bills Payable.
Interest Accrued

188,500
1,136,046
1,275,451
196,940

188,500
1,116,654
1,729,410
198,353

315,375

999,698
1,654,861
209,905

322,375
889.397
2,758,236
256,172

322,375
810,021
3,046,052
269,564

312,376

657.688
3,496.867
272,882

312,375
524.649
3,070,694
330,665

311,1575
431,105
3,069,46ft
500,316

9,021

8,256

24,398

30 530

503,187

471 988

99,319

Receivers' Certificates

288,l66

393,300

Total Liabilities

24,950,124

25,612,905

26,899,158

29,346,180

31,757,033

32,048,068

31,850,881

32,036,095

Cost of Road & Equipment.
Stk., Bds. & Invest. Owned.
Advances to Other Comp. . .
Jud'mt Ac't P C & T RK Co

23,224,032
401,000
670,902
13,656

23,724,732
145,965
868,304
14,677

24,729,145
445,965
982,815
14,677

25,175,088
1,435,965
1,719,662
14,677

25,183,332
3,615,965
1,739,699

25,179,678
3,630,721
1,747,990

25,277,553
3,686,399
1,044,947

25,310,537
3,685,747
1,062,744

Materials and Supplies
Accounts & Bills Receivable
Cash on Hand

70,634
I 569,900

86,400
472,887

128,835
597,721

107,433
643,396

97,244
548,953

101,398
j 450,410
•1 224,550

125,460
543,323
205,53!

115,526
463,851
231,014

Profit and Loss

249,959

571,840

713,321

967,668

1,166,676

Total Assets

24,950,124

25,612,905

26,899,158

29,346,180

31,757,033

32,048,068

31,850,881

32,036,095

* Not reported separately. t Dividends on stocks owned, etc.
General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $25,310,536 61

Stocks and Bonds Owned 3,672,264 73

Real Estate Mortgages Owned 3,481 90

Real Estate (farm near Wildwood) 10,000 00

Advances to Subsidiary Lines 1,062,743 55

Materials and Supplies 115,52619

Ins. Premiums and Interest Paid in Adv. 28,128 38

Accounts Receivable, Bills and Cash 361,936 22

In Hands of Coupon Agents 195,875 00

Agents' Balances 97,717 49

Miscellaneous 11,208 98

Profit and Loss 1,166,675 82

Total Assets $32,036,094 87

Capital Stock (par, $50) $13,500,00000

Funded Debt (see below) :

Outst'ding June 30, 1896.$13,500,000 00

1st mtge. 4s held byTrus. 300,000 00

Real Estate Mtge 311,375 00—14,111,375 00

Car Trust Warrants 431,105 14

Interest Accrued and Unpaid 500,316 08

Taxes Accrued 30,529 60

Bills Payable 2,128,080 33

Vouchers, Pay Rolls 576,763 73

Accounts Payable 364,624 99

Receivers' Certificates 393,300 00

Total Liabilities $32,036,094 87

Funded debt outstanding June 30, 1897, was as follows :

1st mtge. 4 p. c. 30-yr. gold bonds, due July 1, 1917, interest Jan. and July .' $10,000,000

Consol. and 2d mtge. 5 p. c. 50-yr. $1,000 coup, gold bonds, due May 1, 1941, interest May and Nov. 3,500,'XX)
1st mtge. (P., N. C. ft L. E. RR.) 7 p. c. 20-yr. coup. cy. bonds, due June 1, 1898, int. June & Dec. 219,000
1st mtge. (old P. & W. RR.) 6 p. c. 20-yr. coup. cy. bonds, due Oct. 15, 1900, int. April 15 & Oct. 15. 81,000
Real estate mortgages, 6 p. c 311,375

The 1st mtge. 4 p. c. gold lands are for $1,000 each, in coupon form, with privilege of registration of piin-
cipal, and are secured by a mortgage bearing date of July 1, 1887, made to the Mercantile Trust Co., as
trustee, covering the entire property of the company now owned or which may be acquired hereafter. They
are further secured by deposit with the trustee of $375,000 of the capital stock and $150,000 bonds of :he
Trumbull and Mahoning RR. (being part of the $500,000 stock and $250,000 bonds owned by the P. & \V. Hy.
Co. as shown elsewhere), same having been issued in payment for lands at Youngstown, deeded to the T. & M,
RR. Co. by the P. & \V. Ry. Co. Only $9,700,000 of the bonds are actually outstanding, $300,000 be ng
reserved to take up the old divisional 1st mtge. bonds.

The 2d mtge. bonds are a first lien on large and valuable terminals in Youngstown and on a double-

POOR'S MANUAL — BALTIMORE AND OHIO SYSTEM.

323

rack road under construction to avoid delay caused by the numerous grade crossings in and about Youngs-
awn. This new line crosses the Mahoning River at Hazel ton, O., and follows the south bank of the river for
2 m., recrossing the river at Niles, O. The bonds are further secured by deposit with the Mercantile Trust
•o., the trustee, of all the common and two-thirds of the preferred stock of the Pittsburgh, Painesville and
'airport Ry. Co., besides being a second lien on the property covered by the first mortgage. The authorized
mount is $3,500,000, of which no more than $2,140,000 have been sold, the remaining $1,360,000 being pledged
g security for loans. Interest on outstanding bonds is in default since May 1, 1896. A committee consisting
I John T. Terrj', Duinont Clark and F. S. Smithers has been appointed to protect the interests of the
ondholders.

Arrangements have been made for extending the $219,000 P., N. C. & L. E. RR. 1st mtge. 7 p. c. bonds,
latured June 1, 1898, to June 1, 1917, interest being reduced to 4 p. c. and made payable in gold.

The company guarantees, principal and interest, $100,000 Foxburg Bridge 1st mtge. 6 p. c. cy. bonds,
ue 1002, interest March and Sept. Foxburg Bridge is a combination bridge, located at Foxburg, Pa.; it
pans the Allegheny River, and is used in connection with the line of the P. & W. Ry. Co., which owns one-
alf of the stock ($50,000). It is, however, controlled by an independent corporation.

Interest on bonds payable in Pittsburg, Pa., and at the office of J. P. Morgan & Co., New York. Bonds
nay be registered at the office of J. P. Morgan & Co., New York, N. Y. Trustees of bonds: 1st mtge.,
'.,"\. C. & L. E. RR. 7s, Henry Whalen and D. R. Halstead; 1st mtge. P. & W. RR. 6s, original trustees
eceased, new trustees net reported; 1st mtge. 49 and consol. 2d mtge. 5s, Mercantile Trust Co., New York,

r. Y.

The car trust warrants cover 51 locomotives and 2,350 coal cars. The total amount issued by the com-
any was $1,403,0<;».57. Of these $1,323,690 were issued in 1889, 1890 and 1891, and the balance— $57,002.40 in
&/A and $22,377.17 in 1S95. Of the warrants issued in 1889-1891 there were outstanding on Dec. 31, 1896, $407,-
33.20, and these were payable in installments aggregating $11,791.95 per month. The monthly payments hav-
ng proved burdensome to the receiver arrangements were made for extending the time on payments due Jan.
, 1897, and thereafter by refunding 90 p. c. of the warrants aa they mature monthly into receiver's consol.
ar trust warrants of $1,000 each (fractions to be paid in cash), these consol. warrants to bear interest at
i p. c. per annum, payable semi-annually, and to mature in varying amounts yearly from 1897 to 1906. Up
o June 30, 1897, there had been issued $63,000 of these refunding warrants, that amount being included in
he $431,105.14 shown ir. the balance sheet. The warrants are made by the receiver in favor of the Finance
1o. of Pennsylvania.

Stocks and Bonds Owned (see General Balance Sheet) consists of: Foxburg Bridge Co. stock, $50,000;
>ittsburgh and North* rn RR. stock, $150,000 valued at $20,964.73; Allegheny and Lawrence RR. stock, $1,300,-
00 valued at $470,000; P., P. & F. RR. common stock, $800,000 valued at $383,606.56; P., P. & F. RR. pre-
erred stock, $219,300 valued at $170,193.44; Trumbull and Mahoning RR. stock, $250>XK); Oliver Iron and
iteel Co. stock, $22,500; Trumbull and Mahoning RR. bonds, $500,000 valued at $125,000— total stock and
K>nds of other companies, $3,291,800 valued at $1,492,264.73. Besides these there were securities of the com-
•anv unsold as follows: $520,000 common stock, $300,000 1st mtge. 4 p. c. bonds held by the trustee and
a,360,000 5 p. c. consol. (2d mtge.) bonds unsold; a total of $2,180,000.

Statement showing gross earnings, expenses, etc., of the Pittsburgh and Western Ry.
3o. and its leased lines for eight fiscal years :

1890

1891

1892

1893

1894

1895

1896

1897

amines : P. & W. Ry. . .
P.,C. &T. RR...
•P., P. &F. RR...

Total Earnings

1,432,276
481,416
276,626

1,436,872
460,084
288,973

$

1,488,880
585,163
328,522

$

1,482,782
787,750
315,653

i

1,343,981
680,002
294,695

S

1,677,615
820,096
870,181

$

1,816,778
897,228
377,296

$

1,663,364
755,231
349,912

2,190,318

774,767
367,495
192,136

2,185,929

983,454
3J1,938
255,862

2,402,565

1,179,920
469,058
291,261

2,586,185

1,192,675
562,959
303,277

2,318,678

927,912
489,277
245,623

2,867,892

1,102,152
543,165
305,912

3,091,302

1,202,432
600,906
309,789

2,768,507

1,036,843
495,255
283,324

cpenses : P. & W. Ry
P., C. &T. RR..
P., P. &P.RR..

1 Total Expenses

1,334,398

657,509
113,920
84,490

1,631,254

453,418
68,146
33,111

1,940,239

308,960
116,105
37,261

2,058,911

< 290,107
224,791
12,376

1,662,812

416,069
190,725
49,072

1,951,229

575,463
276,931
64,269

2,113,079

*617,346
296,320
67,557

1,815,422

*629,521
259,976
66,587

litEarnings: P. & W. Ry...
P.,C.&T.RR.
P..P.&F.RR.

1 Total Net Earnings

S, & Taxes: P. & W. Ry. . .
P.,C. &T.RR.
P., P. &F. RR.

fl Total Interest and Taxes
lance: P. & W. Ry.

855,919

433,053
156,246
61,506

554,675

479,617
156,616
67,730

462,326

583,181
155,328
69,978

527,274

642,500
154,820
71,071

655,866

696,667
157,070
74,301

916,663

697,453
158,250
75,050

981,223

706,771
163,200
76,000

956,064

757,700
166,959
77,712

650,805

8. 224,456
D. 42,326
S. 22,984

703,963

D. 26,199
D. 88,470
D. 34,619

808,487

D. 274,221
D. 39,223
D. 32,717

868,391

D. 352.393
S. 69,971
D. 58,695

928,038

D. 280,598
S. 33,655
D. 25,229

980,753

D. 121,990
S. 118,681
D. 10,781

945,971

D. 89,425
8. 133,120
D. 8,443

1,002,371

D. 128,179
S. 93,017
D. 11,125

P., C. &T. RR....
P., P. &F.RR.....

1 Total Surplus or Deficit.

S. 205,114

D. 149,288

D. 346,161

D. 341,117

D, 272,172

D. 14,090

S, 35,252

D. 46,287

* Includes " other receipts " — $3,000 dividend on Foxburg Bridge stock.

RAILROADS OWNED, LEASED, OR OPERATED BY THE P. & W. RY. Co.

riA-li. Cleveland and Toledo RR.

of line, 77.1 m.; total track (60-lb. steel),

liles. Organized June 5, 1882; road opened

1, 1884. In 1882 a one-quarter interest in

ompany was acquired by the Pittsburgh and

Ry. Co., and on July 15, 1884, the road

was leased to that company for 99 years, on guar-
antee of bond Interest. Subsequently the guarantee
was assumed by the Baltimore and Ohio RR. Co.,
In consideration of the P. & W. Co. transferring
to it 15,000 shares of this company's stock, and
agreeing to pay into the Central Trust Co. $12,-

324

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

000 monthly on account of rental, default to entail
a forfeiture of lease, etc., to the B. & O. RK.
Co. Locomotives, 17. Cars — passenger, 14; combina-
tion, 3; baggage, etc., 2; officers', etc., 2; freight
(box, 120; flat, 100; coal, 500), 720; caboose, 8— total,
749. Income, year ending June 30, 1897, $755,231.34;
expenses, $495,254.90; net, $259,976.44. Payments:
Interest on bonds, $144,000; other, $87,292.91— total,
$231,292.91. Surplus, $28,683.53. Financial Statement,
June 30, 1897.— Capital stock (par, $50), $3,000,000;
funded debt (1st mtge. 6 p. c. 40-yr. gold $1,000 bonds,
dated Oct. 1, 1882, Interest April and Oct., $2,400,-
000; 1st consol. mtge. 4J p. c. 50-yr. $1,000 gold
bonds, due Aug. 1, 1945, Interest Feb. and Aug.,
$1,600,000), $4,000,000; unfunded debt, $606,382—
total, $7,606,382. Contra: Cost of road, etc., $5,687,-
459; cash and current assets, $1,918,923— total, $7,-
606,382. Trustee of bonds: Central Trust Co., New
York, where Interest Is payable. The authorized
amount of consols, is $4,000,000. Orland Smith,
Pres., Cincinnati, O.; J. B. Washington, Sec., Treas.
& Aud., Pittsburgh, Pa. General Office, Youngs-
town, O.

Pittsburgh, Painesville and Fairport
RR.— Fairport, O., to Niles, O., 53 m.; total track
(steel; 60 Ibs.), 89.98 miles. Successor (June, 1886)
to the Painesville and Youngstown Ry. Co., whose
property was sold under foreclosure June 3, 1886,
and purchased for account of the stockholders. The
road from Fairport to Niles was broadened to stand-
ard gauge, and leased to the P. & W. RR. Co.,
Oct. 1, 1886, the lease providing for the payment of
the interest on the 1st mtge. bonds. The rest of the
line Is leased to the Trumbull and Mahoning RR.
Co., statement for which see. Locomotives, 8. Cars,
867. Rental (net earnings), year ending June 30,
1897, $66,588. Payments: Interest on bonds, $62,-
500; on real estate mtges., $300; taxes, etc., $14.912
—total, $77,712. Deficit, $11.124; add Items charged
off, $6.984— total, $18,108. Financial Statement, June
30, 1897.— Capital stock— common, $800.000; pre-
ferred, $250,000; funded debt (1st mtge. 5 p. c. 30-
yr. $1,000 gold coup, bonds, due 1916, interest Jan.
and July, $1,000,000; terminal mtge. 5 p. c. $1,000
coup. cy. bonds, dated 1889, due July, 1916, interest
Jan. and July, $250,000), $1,250,000; current ac-
counts, $673,472— total, $2.973,472. Contra: Cost of
road, $2,799,318; profit and loss, $174,154. Interest
on bonds payable at the office of the trustee, the
Mercantile Trust Co., New York. Interest on bonds
Is guaranteed by the lessee. Thos. M. King, Pres.,
Allegheny, Pa.; Jos. Chapman, Sec., Painesville, O. ;

W. H. Duffell, Treas., Allegheny, Pa. General Offlc«,
Allegheny, Pa.

RAILROADS CONTROLLED BY THE P. & W. RY. Co., BUT
OPERATIONS NOT INCLUDED IN THK REPORT or
THAT COMPANY.

Ellwood Short Line RR.— North Sewlckley
to Rock Point, Pa. (double track), 3.1 m.; total
track (steel; 60 Ibs.), 6.7 miles. Gauge, 4 ft. 8J in.
Organized April 25, 1890; road opened Aug. 15, 1891.
Leased to the Pittsburgh and Western Ry. Co. for
30 years from Aug. 10, 1891. Purchased by Thomas
M. King, Receiver of the Pittsburgh and Western
Ry., on May 6, 1898. Capital stock (par, $100), $300,-
000. Funded debt, 5 p. c. gold bonds, due 1920, Inter-
est Feb. and Aug., $300,000. The Pittsburgh and
Western Ry. Co. owns the entire capital stock and
assumes the mortgage debt. No unfunded debt.
Thos. M. King, Pres.; T. J. Crump, Sec.; W. H.
Duffell, Treas.; J. L. Kirk, Auditor, Allegheny, Pa.
General Office, Allegheny, Pa.

Pittsburgh and Northern RR.— Bennett,
Pa., to Brookfleld, Pa., 3.3 m.; total track, 3.4 miles.
Gauge, 3 ft. Rail, 28, 30, and 47 Ibs. Incorp. May,
1881, and about 1887 leased the Evergreen Ry., after
having completed about 1 m. of its own road. (See
Manual for 1888, p. 163, for Evergreen Ry.) The
business is exclusively local, and stock is owned by
the P. & W. Ry. Co. Capital stock, $150,000; cur-
rent liabilities, $58,078— total, $208,078. Contra: Cost
of road, $150,000; profit and loss, $58,078— total,
$208,078. Henry W. Oliver, Pres.; T. J. Crump,
Sec.; W. H. Duffell, Treas., Allegheny, Pa.

Triiniliiill and Mahoningr RR.— Projected:
Hazelton to Niles, O., 15 m.; completed, 11.38 m.,
of which 5.4 m. standard and 5.98 m. narrow gauge.
Sidings, etc., 1.12 miles. Leased: Pittsburgh,
Painesville and Fairport RR., from Niles to Youngs-
town, O., 9.5 miles. Chartered in 1887 and the
road built in that and succeeding years. The sec-
tion of the P., P. & F. RR, from Niles to Youngs-
town is leased in perpetuity and the rental commuted
in advance. (See statement for P., P. & F. RR.)
The company owns 40 acres of terminal property In
Youugstown, O. Capital stock, $500,000; funded
debt, 1st mtge. 5 p. c. 30-yr. $1,000 bonds, due Oct.
15, 1917, Interest 15th of April and Oct. (auth., $500,-
000), $350,000. Substantially all of the securities are
owned by the P. & W. Ry. Co., and that company
has made advances of about $560,000 to this road.
No further information obtainable.

Board of Directors, Pittsburgh and Western Ry. Co., elected Oct. 19, 1897.

A. M. Byers Allegheny, Pa. I C. L. Fitzhugh Allegheny, -Pa. I Henry W. Oliver Allegheny, P».

John W. Chalfant " " | John McCleave Pittsburgh, Pa. | Orland Smith Baltimore, Md.

Aubrey Pearre Baltimore, Md. | James Sloan, Jr Baltimore, Md.

THOMAS S. KING, President and Receiver Allegheny, Pa.

Orland Smith, Vice- President Baltimore, Md.

Secretary — Thomas J. Crump Allegheny, Pa. I Comptroller — H. D. Bulkley Baltimore, Md.

Treatwer—W. H. Dnffell •' | Auditor— J. L. Kirk Allegheny, Pa.

PRINCIPAL OFFICE AND ADDRESS Allegheny, Pa.

BALTIMORE AND OHIO SYSTEM.— SHARPSVILLE RR. CO.

Line of Road. — Sharpsville, Pa., to Wilmington June 17.00 m.

Sharon Branch : At Sharpsville, Pa 0.75 m.— 17.75 miles.

Sidings, etc., 3.25 miles. Gauge, 4 ft. 8| in. Rail— iron, 56; steel (9 m.), 60 Ibs.

History.— Chartered March 6, 1876 ; road opened in 1877. Toward the close of 1884 the
Baltimore and Ohio RR. Co. purchased a controlling interest in this company. The road was
placed in the hands of a receiver on Jan. 20, 1897. During the past year the Neshannock
Branch, 1.06 m., and the Furnace Branch, 0.92 m., were abandoned.

Rolling Stock, June 30, 1897. — Locomotives, 2. Combination car, 1.

Operations, year ending June 30, 1897. — Trains run (mixed), 21,284 miles. Passengers
carried, 5,877 ; carried one mile, 38,200. Tons freight moved, 18,362 ; moved one mile,
260,765. Earnings— passenger, $2,086.29; freight, $3,799.88; mail and express, $902.32;
other, $1,248.25— total, $8,037.24. Operating expenses, $17,185.59. Deficit, $9,148.35;
sundry payments, $4,996.46— total, $14,077.81.

Financial Statement, June 30, 1897.-— Capital stock (par, $50), $350,000 ; current liabill-

POOR'S MANUAL — BALTIMORE AND OHIO SYSTEM.

325

ties, $158,460.23— total, $508,460.23. Contra: Cost of road, $422,590.24; equipment, $26,-
856.19 ; cash and current assets, $1,848.47 ; other assets, $423.62 ; profit and loss, $56,741.71
—total, $508,460.23. Voting power attached to stock after 60 days' ownership.

Directors (as constituted Jan. 10, 1898). — J. B. Washington (ex-offlcio), J. W. Renner,
E. B. Taylor, W. L. Washington, Wm. Gibson, Pittsburgh, Pa.; C. D. Kenny, Baltimore,
Md.; J. J. Pierce, Sharpsville, Pa.

G. M. MclLVAiN, Receiver Sharpsville, Pa.

J. V. PATTON, President Pittsburgh, Pa.

J.B.Washington, Vice- President and Treasurer " "

Secretary— V? . L. Washington Pittsburgh, Pa. | Auditor— S. K. Harris Pittsburgh, Pa.

PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.

BALTIMORE AND OHIO SYSTEM.— STATEN ISLAND RAPID TRANSIT RR. CO.

Line of Road.— Elizabethport, N. J., to South Beach, N. Y 11.00 m.

Leased : Staten Island Ry.: Clifton, N. Y., to Tottenville, N. Y 12.70 m.— 23.70 miles.

2d track (owned, 8.70 m. ; leased, 10.10 m.), 18.80 miles. Sidings (owned, 16.50 m. ; leased,
2.30 m.), 18.80 miles. Gauge, 4 ft. 8* in. Rail (steel, 54.56 m.), 56 to 67 Ibs.

History. — Chartered April 14, 1880 ; road opened as above in 1893 (see MANUAL for 1895).
On Nov. 1, 1894, this company, with associates, organized the New York Harbor and Staten
Island Ferry Co., to operate the ferries between the city of New York and Staten Island.
Subsequently the name of that company was changed to The Rapid Transit Ferry Co. This
company owns one-balf interest in the ferry company. The company leases the Staten
Island Ry., including ferry between Tottenville and Perth Amboy (see appended statement).

Controlled by the Baltimore and Ohio RR. Co., which owns a majority of the stock and
guarantees principal and interest of the 2d mtge. bonds (see also page 299).

Rolling Stock, June 30, 1897.— Locomotives, 18. Cars— passenger, 88 ; freight (box, 7 ;
flat, 8), 15 — total, 103. Of this equipment 5 locomotives and 20 cars (13 passenger, 3 box and
4 flat) are leased. The company also leases 5 ferry-boats.

Operations, year ending June 30, 1897.— Train mileage— passenger, 473,427 ; freight,
58,042 ; mixed, 1,390 ; other, 71,670— total, 599,529 miles. Passengers carried, 6,266,7:30 ;
carried one mile, 40,871,613; average mile-rate, 1.35 cents. Tons freight moved, 901,273;
moved one mile, 6,308,911 ; average ton-mile rate, 3.66 cents. Earnings — passenger, $330,-
246.72 ; freight, $225,300.55 ; mail, $2,037.18 ; express, $8,118.58 ; ferries, etc., $77,448.27—
total ($27,137.19 p. m.), $643,151.80. Operating expenses— transportation, $267,583.36 ;
motive power, $43,486.57 ; maintenance of way, etc., $52,863.99 ; general, $28,389.83— total
($16,553.73 p. m.), $392,323.75. Net earnings (39 p. c.), $250,827.55 ; other receipts, $5,164.61
—total, $255,992.16. Payments : Interest on bonds, $185,000 ; on debt, $35,228.81 ; rental
(Staten Island Ry.), $82,100 ; taxes, $26,119.33— total, $328,448.14. Deficit, $72,455.98.

Statement of earnings, expenses, and fixed charges for seven fiscal years :

1891 1892 1893 1894 1895

Gross receipts 1,086,59769 1,046,63184 1,054,03157 1,031,37324 875,34251

Operating expenses .... 685,578 15 692,391 08 716,064 53 664,731 56 489,258 71

Net earnings 840,019 54 354,240 76 337,967 04 366,641 68 386,083 80

Interest, Rent's & Taxes 301,09601 301,43158 294,55458 309,52691 326,93614

Balance, Surplus... 88,92363 52,80918 43,41246 67,01477 59,14766

General Balance Sheet, June 30, 1897.

1896

764,455 65
416,543 48
347,912 17
321,467 13

1897

$

648,315 91
392,323 75
255,992 16
328,448 14

26,445 04*/.72,455 98

Road and Properties $8,475,312 46

Rolling Stock and Floating Equipment... 314,209 36

Materials and Fuel on Hand 33,292 57

Stocks, Bonds, etc 572,253 05

Due from Agents and Others 80,201 28

Cash 54.212 88

Current Accounts 377,822 20

Bills Receivable 5,160 47

Profit and Loss 106,592 62

Capital Stock (par, $100) $500,00000

Funded Debt Outstanding (see below) 8,000,000 00

Bills Payable 782,470 19

Current Accounts 363,251 86

Interest and Rentals Due and Accrued 77,722 00

Audited Vouchers and Pay Rolls 133,612 84

Land Mortgages 162,000 00

Total Liabilities $10,019,056 89

Total Assets $10,019,056

Funded debt consisted, June 30, 1897, of $1,000,000 1st mtge. 6 p. c. 30-yr. $1,000 coup, gold bonds, due
Oct. 1, 1913, interest April and Oct. ; $2,500,000 2d mtge. 5 p. c. 40-yr. gold bonds, due Jan. 1, 1926, interest

326

POOR'S MANUAL OF BAILRO ADS— RAILROAD "SYSTEMS.'

Jan. and July; $4,500,000 income gold bonds, dated Nov. 21, 1885, due Nov. 21, 1945, interest subject to future
earnings in excess of all other charges and rentals.

The Baltimore and Ohio owns 51 p. c. of the stock, and guarantees principal and interest of the 2d
intge. bonds.

Interest payable at company's office. Trustees of bonds : 1st mtge., U. S. Trust Co.,
New York, N. Y. ; 2d mtge., Charles Wehrhane, New York, N. Y.; income bonds, J. K.
Cowen, Baltimore, Md.

Staten Island Ry.— Tottenville, N. Y., to
Clifton, N.Y., 12.70 m.; 2d track.'lO.lO miles. Gauge,
4 ft. 8j in. Rail (steel), 56 Ibs. Organized In April,
1873, as successor to the S. I. RR. Co., whose prop-
erty was sold under foreclosure In Sept., 1872. Leased
for 99 years, from July 31, 1884, to the S. I. R. T.
RR. Co., the rental being $22,500 for interest on
bonds, $56,000 annual dividends on stock, and $3,600
for organization expenses, the interest and dividends
being paid direct to the bondholders and stockholders
by the lessee. The company owns 5 locomotives. 20
cars, and 5 ferry-boats. Financial Statement, June
30, 1897.— Capital stock (par, $75), $1,050,000; funded
debt, $500,000; profit and loss, $917— total, $1,550,917;
Contra: Cost of road and equipment, $1,549.784; cash
and other assets. $1,133— total, $1,550.917. Funded

debt, 1st mtge. \\ p. c. 50-yr. gold bonds, due June
1, 1943, interest (June and Dec., at lessee's office)
and" principal payable in New York, N. Y. These
bonds are guaranteed, principal and interest, by the
Staten Island Rapid Transit UR. Co. Authorized
amount of bonds, $1,000,000. The other $500,000 of
bonds will not be Issued until funds are required for
additional property and facilities. These bonds are
secured by mtge. on the entire property, water front-
age, franchises, etc., and on five ferry-boats. Trus-
tee of bonds: Mercantile Trust Co., New York, N. Y.
J. Frank Emmons, Pres. ; J. M. Fitzgerald, Vice-
Pres. ; Edward Curry, Sec. & Treas., New York, N. Y.
General Office, New Brighton, N. Y. New York
Office, foot of Whitehall St.

Board of Directors, Staten Island Rapid Transit Co., elected April 26, 1898.

J. F. Emmons New York, N. Y.

A. B. Boardman...
James M. Davis...
J. Van Smith

O. S. Wood Rose Bank, N. Y.

C. K. Lord New York, N. Y.

Jno. K. Cowen Baltimore, Md.

W. G. Atkinson " "i«

Orland Smith New York, N. Y.

L. De Jonge, Jr Stapleton, N. Y.

H. L. Horton New York, N. Y.

Thomas M. King Allegheny, Pa.

Jas. Mosher New York, N. Y.

J. FBANK EMMONS, President 66 Broadway, New York, N. Y.

Thomas M. King, Vice-President Allegheny, Pa.

Secretary— S. P. Kretzer New York, N. Y. | Treasurer— Edward Curry New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Foot of Whitehall St., New York, N. Y.

BALTIMORE AND OHIO SYSTEM — VALLEY RR. CO.

Line of Road. — Harrisonburg, Va., to Lexington, Va (incl. 1 m. trackage) 62 miles.

Sidings, etcM 7 miles. Gauge, 4 ft. 8| .in. Rail (steel, 49.86 m.), 60, 64, and 67 Ibs.

History.— Chartered Feb. 28, 1866; road completed to Lexington, Va., in 1883. (See
MANUAL for 1893, p. 650.) Company owns 3 locomotives ; rest of equipment supplied by the
B. & 0. RR. Co.

Operations, year ending June 30, 1897. — Train mileage — passenger, 49,222 ; freight,
40,048; other, 10,922— total, 100,192 miles. Passenger and freight traffic not reported.
Earnings— passenger, $35,073.38 ; freight, $48,129.05 ; mail, $6,426.32 ; express, $2,332.52—
total, $91,961.27. Receipts from rents, $720.97 ; interest, $366.05. Gross income, $93,048.29.
Operating expenses, $92,077.05 ; taxes, $2,647.85-total, $94,724.90. Deficit, $1,676.61.

Financial Statement, June 30, 1897.— Capital stock (auth., $3,200,000 ; par $100) paid in,
$2,743,374.55 ; funded debt (1st mtge. 6 p. c. 40-yr. $1,000 coupon bonds, due Oct. 1, 1921,
interest April and Oct.; auth., $1,000,000), $750,000 ; accrued interest, $67,500 ; current ac-
counts, $163,934.61— total, $3,724,809.16. Contra: Cost of road, $3,349,068.93; equipment,
$20,553.73 ; real estate, etc., $4,123.93 ; bonds owned, $25,000 ; materials and fuel, $7,333.68 ;
cash and current assets, $25,452.21 ; profit and loss, $293,276.68— total, $3,724,809.16.

The B. & O. RR. Co. owns the entire $750,000 of bonds outstanding ; $527,000 of these,
both principal and interest, guaranteed by endorsement by the B. <fc 0. RR. Co., are held in
the sinking funds of the company, while the remaining $223,000 are held as treasury assets.
Interest payable in Baltimore at the company's agency, and in New York at the Mercantile
Trust Co.

Directors (elected Oct. 13, 1897).— J. J. Allen, Waskey's Mills, Va. ; W. A. Anderson,
Lexington, Va. ; R. W. Burke, Staunton, Va. ; Charles T. Crane, Osmun Latrobe, Thos. J.
Shryock, Charles W. Slagle, Baltimore, Md.

JOHN K. COWEN, President Baltimore, Md.

Treasurer— W. H. Ijams ...Baltimore, Md. | Secretary— August Faure Baltimore, Md.

Oen. Manager— W. M. Greene " " \Auditor-G. W. Booth

PRINCIPAL OFFICE AND ADDRESS Staunton, Va.

POORS MANUAL — BALTIMORE AND OHIO SYSTEM.

327

BALTIMORE AND OHIO SYSTEM.— WEST VIRGINIA AND PITTSBURGH RR. CO.

Main Line of Road. — Clarksb. to Camden-on-Gauley, W. Va. . .101.99 m.
Branches : Flatwoods to Sutton, 5.55 m. ; Western to Pickens, 50.44 m. 55.99 m. — 157.98 miles.

m v ( B, & 0. RR.: M'>nongahela June, to Clarksburg ....... 1.00 m.

rage . | M R RR , w Va & p JuQc and M Junc .......... Q ^ m _ j 4Q „

Total length of lines operated, June 30, 1897 ............................. 159.38 miles.

Sidings, etc., 16.50 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.

History. — Consolidation, Feb. 6, 1890, of the Clarksburg, Weston and Midland and the
Buckannon River RR. Cos. (See MANUALS for 1893 and 1894.) Leased to the Baltimore
and Ohio RR. Co., for 999 years from Jan. 1, 1890, but operations reported separately. The
lessee turns over to this company 62^ p. c. of revenue for operating expenses, and applies
the remaining 37^ p. c. to payment of bond interest. Any deficiency in meeting interest is
advanced by the lessee, and such advances are carried forward as a charge against future
net earnings. The rental is subject to revision every fifteen years. Default was made in in-
terest due April 1, 1898, and on April 25, 1898, receivers were appointed who took possession
May 1,1898.

Rolling Stock, June 30, 1897. — Locomotives, 17. Cars — passenger, 15 ; baggage, etc.,
2; freight (box, 400; gondola, 99; caboose, 6; logging, 31), 536; private, 1— total, 554.
Of the box cars, 350 are covered by equipment mtge.

Operations, year ending June 30, 1897. — Train mileage — passenger, 139,400 ; freight,
131,494— total, 270,894 miles. Passengers carried, 110,273 ; carried one mile, 2,434,597;
average mile rate, 3.34 cents. Tons freight moved, 208,583 ; moved one mile, 13,133,795 ;
average ton-mile rate, 1.93 cents.

Earnings— Passenger $82,707 01

Freight 255,542 49

Mail and Express 27,864 89

Miscellaneous , 18,973 45

Total ($2,412 .40 per mile) ............... $384,487 84

Expenses— Conducting Transportation ...... $84,253 63

Maintenance of Equipment ...... 24,448 24

Roadway and Buildings ......... 71,076 67

General ......................... 16,132 19

Total ($1,229.21 per mile) .............. $195,910 73

Net earnings (49.05 p. c.), $188,577.11 ; receipts from investments in timber lands, $48,-
391.09 ; increment from sinking fund, $560 — total, $237,528.20. Payments : Interest on
bonds, $202,730.70 ; on debt, $15,416.19 ; taxes, $13,024.50 ; accounts charged off, $278.36
—total, $231,449.75. Surplus, $6,078.45 ; surplus forward, $71,531.60— total, $77,610.05.

General Balance Sheet, June 30, 1897.

Cost of Narrow Gauge RR. and Equip't.. $475,028 51

Cost of Standard Gauge RR. and Equip't. 6,552,179 06

Real Estate: Caperton Lands 375,50847

Stocks Owned 416,536 50

Materials and Fuel on Hand 11,696 32

Sinking Fund (B'ds, $5,000; cash, $1,625) 6,625 00

Unearned Insurance Premiums 740 03

Bills Receivable 6,251 62

Current Accounts 42,370 72

Cash on Hand 7,451 46

Total Assets $7,894,387

Common Stock Paid in (shares, $100) $2,500,000 00

Preferred Stock Paid in (shares, $100) 900,000 00

Funded Debt Outstanding (see below)... 4,034,860 00
Bills Payable 265,833 57

Taxes and Interest Accrued.

Fractional Shares of Constituent Cos

Accrued Interest on Bonds

Audited Vouchers, etc

Profit and Loss

35,340 86
363 82
51,523 60
28,855 79
77,610 05

Total Liabilities $7,894,387

Preferred stock is entitled to dividends up to 5 p. c. non-cumulative before payment of
any dividends on common stock.

Capital stock, bonded debt, gross and net revenues, etc., for seven fiscal years:

v-_ Capital
Yre- Stock.

Bonded
Debt.

Cost and
Invest-
ments.

RR.
Oper-
ated.

Gross
Earn-
ings.

Exp. &
Taxes.

Net
Earn-

ings.

Total
Available
Revenue

Inter-
est
Paid.

Other
Pay-
ments.

Total
Pay- ,
ments. (

Balance
+ or — ).

I

$

$

Miles.

$

S

S

$

$

$

$

$

1891. .3,400,000

4,000,000

1,872,370

110.60

128,659

65,196

63,463

68,493

73,185

229

73,414

-9,921

1892. .3,400,000

4,000,000

1,004,692

110.60

287.762

133,850

153,912

154,960

113,493

1,794

115,287

+ 39,673

1893. .3,400,000

4,000,000

1,250,632

159.38

402,717

201,196

201.521

201,521

189,437

15,222

204,659

-3,138

1894. .3,400,000

4,000,000

1.666,851

159.38

387.949

193,103

194,846

194,964

206,914

11,127

218,041

-23,077

1895. .3,400,000

4,000,000

7.828,530

159.38

3fi2.473

173,678

188,795

220,657

•->2s,7r<3

10,748

239,524

-18,867

1896. .3,400,000

4,000,000

7.836,211

159.38

400,443

195,823

204,620

295,341

222,194

7,262

229,456

+ 65,885

1897. .3,400,000

4,000,000

7,830,949

159.38

384,488

195,911

188,577

237,528

218,147

13,303

231,450

+ 6,078

Funded debt comists of $4,000,000 1st mtge. 5 p. c. 100-yr. $1,000 gold coupon bonds, due April 1, 1990,
interest April 1 and Oct. 1; and $34,860 (auth., $139,440) equipment mtge. 6 p. c. $5.810 coupon notes, dated
Oct. 15, 1892, payable quarterly, interest Jan. 15, April 15, July 15 and Oct. 15. The 1st mtge. bonds are
secured on the entire road and equipment of the company, and also upon 134,842 acres of timber, coal and
mineral lands in West Virginia. The equipment mtge. no'tes are secured on 350 box cars. Interest on bonds

328

POORS MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

is guaranteed by the B. & O. RR. Co. There is provision for a sinking fund after April 1, 1895. Bonds pay-
able, principal and interest, by Farmers' Loan and Trust Co., New York; equipment notes, by Mercantile
Trust and Safe Deposit Co., Baltimore. Trustee of bonds: Mercantile Trust and Safe Deposit Co., Baltimore.
Default was made April 1, 1898, on 1st mtge. bond interest. Brown, Shipley & Co., of London, and Brown
Bros. & Co., New York, ask for deposits of bonds.

Stocks Owned. — Capital stock of The Gauley Co., $414,200; 5 p. c. non-cumulative preferred capital
stock in treasury (cost), $2,336.50— total, $416,536.50.

Directors (elected Sept. 14, 1897).— J. N. Camden, T. B. Camden, Parkersburg, W. Va.;
E. R. Bacon, New York, N. Y. ; C. K. Lord, Aubrey Pearre, Baltimore, Md. ; Q. A. Newlon,
Buckbannon, W. Va. ; A. A. Lewis, A. H. Kunst, Weston, W. Va.; H. Crawford Black,
Baltimore, Md.

JOHNSON N. CAMDEN, President and Receiver Parkersburg, W. Va.

Clarence Gary, Receiver New York, N. Y.

A. H. Kunst, Vice- President and General Manager Weston, W. Va.

Sec. & rraw.-M. W. Harrison Weston, W. Va. | Auditor— Owen Kraft Weston, W. Va.

PRINCIPAL OFFICE AND ADDRESS Weston, W. Va.

PITTSBURGH JUNCTION RAILROAD COMPANY.

[CONNECTING LINK BETWEEN PITTS. Div. B. & O. RR. AND PITTS. & WEST RT.]

Line of Road.— Laugh lin Sta. (B. & O. RR.) to Willow Grove (P. & W. RR.) 4.47 miles.
RiverDivision : 43d St. to 9th St., Pitts., Pa. (except between 20th and 16th Sts.) 2.40 "

Total length of lines operated 6.87 miles.

2d track, 4.47 m.; sidings, 10.68 miles. Gauge, 4 ft. 8£ in. Rail (steel), 67 and 85 Ibs.

History.— Consolidation, Dec. 21, 1881, of the Pittsburgh Local RR. Co. and the Pitts-
burgh June. RR. Co. Road opened as above, Sept. 1, 1884. Used as a connecting link
between the B. & 0. RR. and Pittsburgh and Western Ry.

Under a contract dated April 27, 1882, the Baltimora and Ohio RR. Co. (as lessee of the Pittsburgh and*
Connellsville RR.) and the Pittsburgh and Western Ry. Co. agree to pay to this company jointly on through
freight cars, and individually on others, $2 for each loaded freight car delivered to or received from the
Pittsburgh June. RR., the payments to be reduced to $1.50 per car after the earnings amount in any year to
$270,000, and to $1 per car after they reach $300,000 a year ; but should they fall below $240,000 in any year,
the charge on cars shall be increased so as to meet the deficit, both parties contributing equally for that
purpose, and any advances so made, together with interest, to be charged against this -company.

Equipment, June 30, 1897. — Locomotives, 9. River barges, 2.

Operations, year ending June 30, 1897. — Train mileage and traffic not reported. Earn-
ings—passenger, $3,666.88; mail, $1,095.40; freight, $348,006.65— total, $352,768.93. Ex-
penses— transportation, $95,902.57; maintenance of equipment, $6,955.62; maintenance of
way, etc., $21,774.46; general, $19,145.93— total, $143,778.58. Net earnings, $208,990.35.
Paid interest on bonds, $101,400; other interest, $6,165.48 ; taxes, $19,257.98 ; dividends on
preferred stock (7 p. c.), $33,600; on common stock (1£ P- c., March, 1897). $21,900— total,
$182,323.46. Surplus, $26,666.89; surplus forward, $55,691.67— total, $82,358.56. Deduct,
dividends on common stock (1£ P- c. Sept., 1896, from earnings 6 mos. ending June 30, 1896),
$21,900; accounts charged off, $292.29— total, $22,193.29. Surplus, JuneSO, 1897, $60,166.27.
In Sept., 1897, a dividend of 1| p. c. ($21,900) was paid on the common stock, making 3 p. c.
paid on common stock from the earnings of the fiscal year ending June 30, 1897.

Capital stock, bonded debt, gross and net revenues, etc., for eight fiscal years :

Yrs.

Capital
Stock.

Bonded
Debt.

Cost of
lioad &
Equip' t.

ER.
Oper-
ated.

Gross
Earn-
ings.

Expenses Net
and Earn-
Taxes. ings.

Total Inter-
Available est
Revenue. Paid.

Divi-
dends
Paid.

Total Balance,
menu's. SurPlu8'

S

$

$

Miles.

X

S

9

$

$

$

$ $

1890.

.1,440,000

1,440,000

3,134,000

6.55

218,461

59,845

158,616

159,786

88,143

33,600

145,657 14,139

1891.

.1,440,000

1,440,000

3,195,599

6.55

215,105

90,965

124,140

125,507

89,541

33,600

127,561 d.2,054

1892.

.1,440,000

1,440,000

3,283,831

6.87

287,114

111,465

175,649

175,649

90,409

33,600

128,959 46,690

1893.

.1,140.000

1,440,000

3,438,106

6.87

301,696

109,393

192,393

192,393

95,105

33,600

128,705 63,688

1894.

.1,!>40,000

1,440,000

3,481,398

6.87

270,620

107,341

163,279

163.279

98,315

33,600

131,915 31,364

1S05.

.1,940,000

1,690,000

3.604,191

6.87

347,807

351,097

196,710

196,710

100,852

92,000

192,852 3,858

1896.

.1.040,000

1,740,000

3,636,782

6.87

373,220

189,454

183,766

183,766

105,709

83,700

190,409 tZ.6,643

1897.

.1,940,000

1,740,000

3,634,582

6.87

852,769

163,037

19,9732

199,732

107,565

77,400

185,257 14,475

Financial Statement, June 30, 1897.— Capital stock, $50 shares— (common, $1,460,000;
preferred, $480,000), $1,940,000; funded debt (1st mtgc-. 6 p. c. 40-yr. $1,000 gold coupon
bonds, with privilege of registration of principal, due July 1, 1922, interest Jan. and July,
$1,440,000 ; 2d mtge. 5 p. c. 28-yr. $1,000 gold coupon bonds, with privilege of registration

POOE'S MANUAL — BALTIMORE AND OHIO SOUTHWESTERN RY. CO. 329

of principal, due July 1, 1922, interest Jan. and July; authorized, $500,000; issued, $300,000),
$1,740,000; bills payable, $78,000; mtge. payable, $14,689.28; accounts, $39,669.67; interest,
rentals, and taxes accrued, $51,444.06 ; profit and loss, $60,166.27— total, $3,923,969.28.
Contra : Cost of road, $3,546,529.60; rolling stock, $88,052.03 ; stock owned (P. June. Ter.
Co.), $200,000; materials, etc., $4,424.15; current accounts, $39,858.80; cash on hand, $45,-
104.70— total, $3,923,969.28.

This company also guarantees principal and interest of $500,000 Pittsburgh Terminal June. 5 p. c. gold
coup, bonds, due Oct. 1, 1907, interest April and Oct. These bonds are a first lien on 36 acres of land on the
Allegheny River, in Pittsburgh, Pa., purchased to provide terminal facilities for the Pittsburgh June. RR. Co.

Preferred stock is guaranteed 7 p. c. cumulative after payment of coupons, and shares equally with com-
mon in any dividend over 7 p. c. on both classes. Interest payable at National City Bank, New York, and
Tradesmen's National Bank, Pittsburgh, Pa. Trustee of bonds: Mercantile Trust Co., New York, N. Y.

Directors (elected Oct. 18, 1897).— John W. Chalfant, C. H. Spang, Allegheny City, Pa. ;
H. W. Oliver, Jacob Painter, Jr., Reuben Miller, William Metcalf, John Z. Speer, Alex.
Bradley, A. E. W. Painter, C. L. Fitzhugh, Pittsburgh, Pa. ; John W. Garrett, William F.
Frick, Baltimore, Md.

THOMAS M. KINO, President Pittsburgh, Pa.

C. L. Fitzhugh, Vice- President

Secretary and Auditor— Jas. A. Smith.... Pittsburgh, Pa. | Treasurer— Robert Wardrop Pittsburgh, Pa.

PRINCIPAL OFFICE AND ADDRESS. . 507 Tradesmen's Building, Pittsburgh, Pa.

BALTIMORE AND OHIO SOUTHWESTERN RAILWAY COMPANY.

Main Line of Road. — Belpre, 0., to East St. Louis, 111 532.34 miles.

Marietta Branch : Belpre to Marietta, 0 11.09 m.

Portsmouth Branch : Hamden to Portsmouth, 0 55.43 m.

Hillsboro' Branch : Blanchester to Hillsboro', 0 21.43 m,

T^>,;.m;n0 n»™ 7, ^ North Vernon to Jeffersonville, Ind 53.31 m.

L/ouisvMe ±srancn . -J -m . . -^ • A1U ~ ,a

I Watson to ]Sew Albany, Ind 7.46 m.

Bedford Branch : Rivervale to Bedford 11.40 m.

Springfield Division : Beardstown to Shawneetown, 111 228.25 m. — 388.37 "

Trackage : C., C., G. & St. L. By., Cen. Union Dep. to I. & C. Transfer, Gin., O. 1.20 "

Total length of all lines operated. June 30, 1897 921.91 miles.

2d track, 15.2 m.; sidings, 284.71 miles. Gauge, 4 ft. 8£ in. Rail (steel, 935.91 m.), 60, 67,
and 75 Ibs.

History.— Consolidation, Nov. 1, 1893, of the B. & O. S. W. RR. Co. and the Ohio and
Mississippi Ry. Co. (See MANUAL for 1894, p. 338.) Controlled by the B. & O. RR. Co.
through ownership of the entire common stock, giving that company a two-thirds vote. The
C., C., C. & St. L. Ry. Co. uses this company's Louisville Branch, from North Vernoii to Jef-
fersonville, Ind., under contract, at a rental of $27,500 per annum and proportion of cost of
maintenance and operation determined on a wheelage basis.

Negotiations for the acquisition of the terminals at Marietta, commenced in 1896, have
been concluded on satisfactory terms. The terminals were purchased by the Marietta Ry.
Co., which at once leased them in perpetuity to this company. (See p. 331.) After deduct-
ing the rentals received from other companies using the property, this company secures the
ownership and perpetual use of these necessary terminals at a very moderate cost.

Rolling Stock, June 30, 1897. — Locomotives, 218. Cars — passenger, 139; baggage, mail
and express, 55 ; freight (box, 3,810 ; stock, 245 ; flat, 388 ; coal, 2,194), 6,637 ; caboose, 102 ;
other, 103— total cars, 7,036. Of this equipment, 2 locomotives and 1,382 cars (500 box, 100
stock, 240 flat and 542 coal) are covered by equipment liens.

Operations, year ending June 30, 1897.— See tabulated statement on p. 331.

Earnings— Passenger $1,495,408 10

Freight 3,916,385 83

Mail and Express 601,478 00

Miscellaneous 126,727 89

Total ($0,660.08 per mile) §6,139,999 82

Expenses—Conducting Transportation $2,437,886 85

Maintenance Equipment 531,406 79

Maint. Way and Buildings 634,057 06

General 653,953 56

Total ($4,617.92 per mile) .$4,257,304 26

Net earnings (30. 66 p. c.), $1,882,695.56; add dividends on Central Union Depot stock,
$2,250— total, $1,884,945.56. Payments: Interest on bonds, $1,783,326.67; on equipm.-nt
certificates, $8,610; rental of terminal property, $60,000; taxes and assessments, $294,258.93;
interest balance, $8,096.32— total, $2,154,291.92. Deficit, $269,346.36.

330

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

General Balance Sheet, June 30, 1897.

Cost of Road and Appurtenances $77,694,181 26

Construction 925,960 93

Equipment Owned 2,490,017 58

Equipment Leased 403,19652

Securities of Other Companies 949,77500

1st Income Mtge. Bonds in Treasury 361,000 00

Real Estate 15,705 25

Cash with Fiscal Agents 661,57938

Cash on Hand 266,343 30

Due from Individuals and Companies1. . . . 271,246 52

Agents' Current Balances 181,95032

United States Government 165,166 17

Traffic Balances due from Other Roads.. 120,538 90

Advances- to Freight Lines, etc 19,437 45

Expenses of Flood, 1897 98,04236

Bills Receivable 300 00

Miscellaneous 15,882 65

Materials and Supplies 367,73753

Profit and Loss 221,438 35

Total Assets < $85,229,499 47

Capital Stock— Preferred (par, $100). .. .$20,000,000 00

Capital Stock— Common (par, $25) 10,000,000 00

Funded Debt Outstanding 51,843,815 00

Equipment Trust Certificates (O. & M.). 121,000 00

Bills Payable 140,000 00

Syndicate Loan 675,000 00

Equipment Notes 125,288 19

Unpaid Wages, June Pay Roll, etc 235,538 38

Coupon Interest Payable July 1, 1897 616,110,00

Audited • Vouchers Payable 784,265 30

Traffic Balances due to Other Roads 71,500 65

Agents' Drafts for Charges Outstanding. 40,554 04
Interest on Income Bonds Uncalled for.. 22,490 90

Past Due Coupons Unpaid 20,14750

Due Individuals and Companies 10,012 00

Equipment Trust Certificates called in.. 1,000 00

Miscellaneous 1,131 50

Accrued Interest not Due 174,73585

Accrued Taxes not Due 186,618 73

Accrued Rentals, Real Estate 4,07757

Terminal Contract (Unfinished Work)... 6,213 86

Marietta Railway Guarantee 150,000 00

Total Liabilities $85,229,499 47

" Marietta Railway Guarantee " is not a liability, but merely an offset to a like amount included in
the assets item " Securities of Other Companies." It represents the face value of the stock and bonds
received by this company for guaranteeing the bonds of the Marietta Ry. Co.

" The net nnfun-led'debt ($1,019,502.25) represents collateral loans of $800,288.19 on account of additions
and improvements to the property, and the deficit in earnings for the fiscal year. The bonds in the treasury
of the company are ampl} sufficient to liquidate the above debt."

Statement of funded debt and equipment trust certificates, June 30, 1897 :

DESCRIPTION OF BONDS.

Date of—

Interest.

Amount

Interest
from July 1 ,
1896,toJune
30, 1897.

Issue.

Maturity.

Rate.

Payable.

1st Consol. Mtge. Gold Bonds

1893
1889
1870
1868
1868
1871
1875
1883
1C89
1693
1893

July 1,1993
Jan. 1, 1990
Jan. 1,1900
Jan. 1,1898
Jan. 1,1898
April 1,1911
Nov. 1,1905
June 1, 1932
Nov. 1,1919
July 1,2043
July 1,2043

p. c.

41 g.
41 g.

7
6
7
7
5
5
5
5

Jan. and July
Jan. and July
Jan. and July
Jan. and July
Jan. and July
April and Oct.
May and Nov.
JuneandDec.
May and Nov.
Nov. 1
Dec. 1

9
10,355,815
10,667,000
333,000
6,385,000
83,000
2,952,000
1,993.000
319,000
*6,000
8,750,000
10,000,000

9

465,930 00
480,015 00
23,310 00
. 446.950 00
4,980 00
206,040 00
139,510 00
15,991 67

B. & O. 8. W. RR. let Mtge. Gold Bonds. . .
Gin. & Bait. 1 st Mtge. Cy. Bonds

O. & M. Ry. 1st Consol. Mtge. Cy. Bonds..
O. & M. Ry. 1st Consol. Mtge. Stg. Gold Bds.
O. & M. Ry. 2d Consol. Mtge. Cy. Bonds. . .
O. & M. Ry. 1st Mtge. Spgfld. Div. Cy. Bds
O. & M. Ry. 1st Gen. Mtge. Bonds :

Cin. & Bedf. Ry. 1st Mtge. Gold Bonds ....
1st Income Mtge. Gold Bonds, Series A
1st Income Mtge. Gold Bonds, Series B. . . .
Total Funded Debt ... .

51,843,815
51.000
30,000
40,000

1,200,000

1,783,320 67
3,810 00
2,100 00
2,700 00

60,000 00

O. &M. Ry. Equip. Trust Certs., "A"....
O. & M. Ry. Equip. Trust Certs., "B ". ..
O. & M. Ry. Equip. Trust Certs., " C " . . .
Rental B. & O. S. W. Terminal Co. prop- )
erty,being interest on its 1st mtge. bonds j
Total Fixed Charge. . .

1889
1890
1891

1888-1899
1891-1900
1892-1901

6
6
6

5

April and Oct.
Jan. and July
Jan. and July

May and Nov.

1.851.936 67

* No interest charged on these bonds as they are held in the treasury of the company.

Equipment trust certificates of the Ohio & Miss. Ry. Co. amounting to $70,000, and lease warrants of the
same company to the amount of $12,923.53 were paid "and retired during the year. There being no further
payments to be made on account of lease warrants, the equipment covered thereby — 20 locomotives valued at
$186,900 — has become the absolute property of this company.

The 1st consol. mtge. bonds of 1993 are for $1,000 each, in coupon form, with privilege of registration
as to principal, and convertible into registered certificates of $1,000 and $5,000 each. Amount authorized,
$37,500,000; of which reserved for the redemption or exchange of the 1st mtge. bonds of the B. & O. S. W.
RR. Co., maturing Jan. 1, 1990, $11,000,000; reserved for the redemption or exchange of B. & O. S. W. Ter-
minal Co. 1st mtge. bonds, maturing May 1, 1942 ($1,200,000 outstanding), $1,500,000; reserved for the redemp-
tion or exchange of outstanding mtge. bonds of the O. & M. Ry. Co., Cin. & Bed. Ry., N. A. & E. Ry. Co.,
and proportion of 1st income bonds of the B. & O. S. W. RR.'Co., $] 7,231,000 — total reserved for retirement
or exchange of prior liens, etc., $29,731,000; residue for improvements, betterments, equipment, and other
purposes, $7,769,000— total provided, $37,500,000. The Baltimore and Ohio RR. Co.'s guarantee is engraved
on each of the bonds, and reads as follows: " For value received, the Baltimore and Ohio RR. Co. hereby
guarantee, unconditionally, the punctual payment of the principal and interest of the within bond at the
time and in the manner therein specified, and covenants in default of payment of any part thereof by the
obligor, to pay the said principal and interest of the within bond, as the same shall become due, upon de-
mand of the holder thereof." A power is reserved in this mortgage under proper restrictions contained
therein, for the increase of bonds for constructing additional tracks, equipment and terminal facilities, as
por terms stated therein, bearing interest at 4 p. c., maturing when those now issued mature, and principal
and interest to be guaianteed by the Baltimore and Ohio RR. Co. Trustees: Farmers' Loan and Trust Co.,
New York, and W. H. H. Miller, of Indiana. (See MANUAL for 1896, p. 406.)

The O. c£ M. Ry. 1st and Zd consol. mtge. bonds are for $1,000 each, in coupon form, with privilege of
registration as to principal, and are secured on the line from Cincinnati to East St. Louis, 339.46 m., and

POOR'S MANUAL — BALTIMORE AND OHIO SOUTHWESTERN SYSTEM. 331

iranch from North Vernon to Jeffersonville, 53.31 m.— total, 392.77 miles. The 1st consol. mtge. bonds
Maturing Jan. 1, 3S9S, have been extended for 50 years from Jan. 1, 1897, at 4 p. c. interest, the company
agreeing to pay the difference between 7 p. c. and 4 p. c. for the period ending Jan. 1, 1898. Principal and
interest of the extended bonds will be paid in gold, free of all taxes. (See MANUAL for 1897, p. 1285.) Trus-
tee: Fanners' Loan and Trust Co., New York.

The Springfield Div. bonds are for $1,000 each, in coupon form, with privilege of registration as to
principal, and are secured on the line from Beardstown to Shawneetown, 111., 228.25 miles. Trustee: Farmers'
Loan and Trust Co., New York. Total amount of Springfield Div. bonds, $3,000,000, of which $991,000 are
leposited with the TJuion Trust Co., of New York, as additional security for the O. & M. 1st gen. mtge. bonds.

The O. d If. Kij. 1st gen. mtge. bonds are $1,000 each, in coupon form. Amount authorized, $16,000,000,
jf which $11,835,000 are reserved to retire prior lien bonds, secured on main line and branches of O. & M. Ry.,
316.25 miles. Trustees: Cyrus C. Hines, Indianapolis, Ind., and Union Trust Co., N. Y. During the past
Bscal year $9,000 of these bonds were retired by exchange for first consol. mtge. bonds of 1993.

The 1st mtge. C. & B. Ry. bonds are for $1,000 gold each, in coupon form, and are secured on Bedford
Branch.

The 1st income mtge. 5 p. c. gold coupon bonds (with privilege of registration as to principal), Series
« A " and " B," are dated Nov. 2, 1893, principal due July, 2043. The interest in non-cumulative, and is pay-
able, if earned and declared, on " A " bonds, Nov. 1, on " B " bonds, Dec. 1, in each year, at the Farmers'
[joan and Trust Co. of New York. Series '' A " ranks in principal and interest in priority to the Series " B "
ixmds. The manner of ascertaining and declaring net earnings applicable to payment of interest as above,
is set forth on pages 32 and 33 of the mtge. deed; and it is provided that the interest, when payable, is to
t>e declared on or before Oct. 1 in each year. These bonds are convertible, under certain conditions set forth
in the mtge. deed, into similar bonds bearing interest at 4 p. c., payable semi-annually. Trustees: Farmers'
boan and Trust Co. of New York, and W. H. H. Miller, of Indiana.

Interest on bonds payable at the Farmers' Loan and Trust Co., of New York; on equipment certificates,
it the office of Baring, Magoun & Co., New York.

Statement of miles operated, and operations for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Kiles RR. Operated ....
•assenger Train Miles. .
freight Train Miles
lixed Train Miles

910.51
2,559,532

3,021,784 J

2,560,693
97,191,583
3,513,325
471,699,428

$

2,042,085
3,908,216
447,901
112,561

916.53
2,576,779
2,597,842
91,156
2,827,073
106,594,852
3,597,193
412,847,959

S

2,072,336
3,779,300
469.521
114,488

917.95
2,542,948
2,920,139
90,694
2,820,185
101,408,987
4,200,40?
501,049,555
$
2,063,969
4,244,247
452,596
116,334

917.95
2,630,063
2,685,725
79,190
2,799,737
109.506,090
4,450,408
501,360,644

2,052,249
4,301,382
503,202
91,765

921.91
2,527,230
2,542,006
114,489
2,408,478
86,182,367
3,573,126
488,398,625

9

1,745,787
3,902,046
514,017
98,348

921.91
2,630,279
2,869,2M
129,796
2,450,453
84,335,155
3,6"i 8,036
518,448,274
$
1,645,076
4,064,194
514,280
99,468

921.91
3,005,448
3.007,266
95,778
2,583,312
97,892,290
3,900,641
589,682,872
$
1,724,903
4,029,326
584,138
120,028

921.91

2,990,275
2,867,154
95,986
2,164,804
79,367,827
3,515,360
622,274,676
$
1,495,408
3,916,386
601,478
126,728

•assengers Carried . ...
'as?enger Miles

freight (tons) Moved. . .
freight (ton) Milee

Passenger Earnings
freight Earnings

(tail and Express

discellaneous

}ross Earnings

6,510,763
4,268,653

6,435,645
4,303,983

6,877,146
4,692,712

6,958,598
4,555,812

6,260,198
3,964,003

6,323,036
4,017,104

6,458,395

4,288,325

6,140,000
4,257,304

Iross Expenses

let Earnings

2,242,110

7,105.07
4,688.20
2,416.87
65.56 p. C.
2.10c.
0.83C.

2,131,662

7,021.86
4,695.95
2,325.91
66.88 p. c.
1.94c.
0.92c.

2,184,434

7,491.85
5,101.27
2,390.58
68.24 p. c.
2.03C.
0.85C.

2,402,786

7,580.58
4,963.02
2,617.56
65.47 p. c.
1.87c.
0.86c.

2,296,195

6,790.64
4,299.77
2,490.87
63.32 p. c.
2.03 c.
O.SOc.

2,305,932

6,868.62
4,357.37
2,501.25
63.53 p. c.
1.95c.
0.78C.

2,170,070

7,005.45
4,651.56
2,353.89
66.40 p.c.
1.76c.
0.68c.

1,882,696

6,660.08
4,617.92
2,042.16
69.34 p. c.
1.88 c.
0.63 c.

tross Earnings p. Mile. .
Irosg Expenses p. Mile,
fet Earnings per Mile. .
ixpenees to Earnings ..
.T. Rate p. Pass. p. Mile,
v. Rate p. Ton p. Mile.

Income, Supplementary Statement, six months ending Dec. 31, 1897. — Gross earnings,
3,488,998. Operating expenses, $2,350,975. Net earnings, $1,138,023. Deduct charges,
1,091,455. Balance, net income, $46,568.

Baltimore and Ohio Southwestern Tor-
linal Co.— Incorp. under laws of New Jersey,
wns 6 miles of track In Cincinnati and Chlllicothe,
., 26 acres of real estate in Cincinnati, 20.50 acres
nd near Ivorydale June., 23.66 acres in Chillieothe,
., terminals, etc. Leased July 14, 1892, for 99 years
> th» Baltimore and Ohio Southwestern RR. Co.
IQW tl:e B. & O. S. Ry. Co.). Under the terms of
Ue lease the B. & O. Sw. RR. Co. guaranteed the
•incipul and interest of 1st mtge. bonds. The B. &
. Sw. Ry. Co. assumed all the obligations of the B. &
. Sw. KR. Co., and Is now operating the Terminal
p.'s properties under lease. Rental: Interest and
xes and $5,000 per annum In addition. The entire
pitul stock (except such as is necessary to qualify
e directors) is held by the B. & O. Sw. Ry. Co.
linancial Statement, Dee. 31, 1896.— Capital stock,
100,000; funded debt (1st mtge. 5 p. c. 50-yr. gold
.-up. l>onds, due May 1. 1942. int. May & Nov.),
1,200,000; bills payable. $152,741; 1st mtge. coupons.
110,050; interest on bonds accrued. $10.000; profit
'id loss. $12,644— total, '$1.505.435. Contra: Real
tate, $1.283,710; securities of other companies,
1 02,741; bills receivable, $70,000; cash, $38,984; B.
0. S\v. Ry. rent account. $10,000— total, $1,505,435.
I- the authorized amount ($1,500,000) of Ists, $1,-

200,000 are issued and outstanding, and the balance
($300,000) is in the treasury. Under the consolidation
agreement of the B. & O. Sw. Ry. Co. $1,5OO,OOO of
its 1st consol. 44s are authorized to be issued to
retire this company's Ists at maturity. Bonds have
privilege of registration as to principal. W. W. Pea-
body, Pres., Cincinnati, O. ; Edward R. Bacon, Vice-
Pres.; Edward Bruce, Sec.; John H. Davis, Treas.,
New York, N. Y. General Office, Newark, N. J.
New York Office, 2 Wall St. Fiscal agent and trus-
tee of bonds: Farmers' Loan and Trust Co., New
York, N. Y.

Marietta Ry.— Chartered Oct. 15, 1896; com-
menced business Oct. 16, 1896. This company owns
terminal tracks and buildings in Marietta, O., which
are leased to the B. & O. S. W. Ry. Co., for 99
years from Oct. 31, 1896, the lease being renewable
forever. The consideration for the lease is the guar-
antee by the B. & O. S. W. Ry. Co. of this com-
pany's 1st mtge. bonds, both as to principal and in-
terest, the guarantee being endorsed on each bond.
Income, 8i months ending June 30, 1897: Rental
under guarantee, $3,386.66; other receipts. $363.86—
total, $3,750.52. Expenses and taxes, $270.70; in-
terest on bonds, $3,386.66— total, $3,657.36. Surplus,
$93.16. Financial Statement, June 30, 1897.— Capi-

332

POOE'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

tal stock, $175,000; funded debt (1st mtge. 4 p. c.
100-yr. $1,000 gold bonds, due Nov. 1, 1996, int. M. &
N.), $127,000; unfunded debt, representing expendi-
tures for which bonds have not yet been issued,
$3,660; accrued interest »n bonds, $847; profit and
loss, $93— total, $306,600. Contra: Cost of property,
$302,803; real estate, $2,950; B. & O. S. W. Ry.
rent account, $847— total, $306,600. The total issue
of bonds is $175,000, of which $102,000 were used in

paving for the property; $25,000 were delivered to
the B. & O. S. W. Ry. Co., togethar with $125,000
of the capital stock, in consideration of the guar-
antee, and the remaining $48,000 are reserved in the
treasury, for the purchase of additional property and
for further needs of the company. Interest payable
at the Farmers' Loan and Trust Co., New York. W.
W. Peabody, Jr., Pres.; Win. E. Jones, Treas.; J.
G. Walber, Sec., Cincinnati, O.

Board of Directors, Baltimore and Ohio Southwestern Ry. Co., elected Nov. 18, 1897.

Edward R. Bacon. .New York, N. Y.

Wm. L. Bull "

Edward R. Bell. ... "
Edgar T. Welles... "
John H. Davis " "

W. Mortens New York, N. Y.

Henry W. Poor.... " "

Jas. Sloan, Jr Baltimore, Md.

Alexander Shaw "

W. W. Peabody Cincinnati, O.

Lowe Emerson Cincinnati, O

F. H. Alms

Frank W. Tracy Springfield, 111.

Augustus B. Ewing. . .St. Louis, Mo.
Francis Pavy London, Eng.

EDWARO R. BACOK, President 2 Wall St., New York, N. Y.

W. W. Peabody, Vice- President and General Manager.. .Cincinnati, 0.

Treasurer— William E. Jones Cincinnati, O. | Secretary— Edward Bruce. .2 Wall St., New York, N. Y.

Auditor— E. S. Thomas Cincinnati, O.

PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.

New York Office 2 Wall St.

( Farmers' Loan and Trust Co New York, N. Y.

Fiscal Agents: j Brown Shipley & Co London, Eng.

BOSTON AND MAINE RAILROAD.

( Boston, Mass., to Portland, Maine 115.31 miles.

Main Lines of Road: \ Boston, Mass., to New Hampshire State Line. . . . 41.45 "
(Con way June., Me., to North Conway, N. H 73.87 "

Saugus Branch : Everett to Lynn, Mass 9.55 m.

Lawrence Branch : Salem to North Andover, Mass 19.89 m.

South Beading Branch : Peabody to Wakefield, Mass 8.12 m.

Gloucester Branch : Beverly to Rockport, Mass 16.94 m.

Essex Branch : Wenham to Essex, Mass 6.00 m.

Dover and Winnipiseogee Branch : Dover to Alton Bay. N. H 29.00 m.

Wolfeborough Branch : Sanbornville to Wolfeborough, N. H 12.03 m.

Other Branches: Medford, 2; Methuen, 3.75 ; Somersworth, 2.75;
Orchard Beach, 3.27; East Boston, 3.47 ; Charlestown, 1.09 ;
Swampscott, 3.96; Marblehead, 3.52; Asbury Grove, 1.06; Sal-
isbury, 3.79 ; Chelsea Beach, 3.34; Newburyport City, 1.97; West
Amesbury, 4.45 .' ." 38.42 m.— 139.95 "

Leased lines (as per statement on page 335) 1,347.65 *f|

Total length of all lines operated (owned, 370.08 m.), June 30, 1897 1,717.73 miles.

2d track (owned, 149.46 m.; leased, 159.78 m.), 309.24 m.; 3d track (owned), 0.83 m.; sidings
(owned, 233.26 m. ; leased, 582.30 m.), 815.56 miles. Total track (owned, 753.63 m.; leased,
2,089.73 in.), 2,843.36 miles. Gauge, 4 ft, 8£ in. Rail (steel— owned, 677.56 m.; leased, 1,-
887.88 m.— total, 2,565.44 in.), 60 to 79 Ibs.

History. — Consolidation May 9, 1890, of the Boston and Maine, the Eastern, and the
Portsmouth, Great Falls and Conway RR. Cos. (See MANUAL for 1897, page 318.)

Rolling Stock, June 30, 1897.— Locomotives (owned, 328 ; leased, 332), 660. Cars :

Passenger Train

Cars (1,221).

Owned.

Leased.

Freight Train

Cars (12,326),

= 8-wh., 10,21 7i

Owned.

Leased.

Other Cars

(277).

Owned,

Leased.

Passenger

Parlor. : ,

Directors' and Pay,

Baggage

Mail

Express

Milk

AirBr. Instruction

*403
9
1

*53

13

1

15
1

Total.

725

496

8-wh. Box

4-wh. Box

8-wh. Stock

8-wh. Coal

4-wh. S. Bd. Coal

8-wh. Caboose

4-wh. Caboose —
8-wh. Platform . . .
4-wh. Coal Dump.
6-wh. Platf. stone.
8-wh. Refrigerator
8-wh. Logging

Total

Total =8 wheel.

1,914
84
61
710
366
129
30

1,306

136

3

30

2,661

Pile Driver.

Derrick

Tool.

125
"96"

2,995
1,600

Boarding

Flanger

Other Cars

Snow-ploughs.

10

47

u

52

20

4

41

SO

4,769
4,460}

7,557
5,757

Total.

232

45

* Includes 10 passenger and 4 baggage cars, 30.5 p. c. of which is owned by Boston and Lowell RR.
37.S3 p. c. by the Concord and Montreal RR., and 31.67 p. c. by Canadian Pacific Ry. Co.

POOR'S MANUAL — BOSTON AND MAINE RR.

333

Operations, year ending June 30, 1897. — See tabulated statement below.

Earnings— Passenger $8,538,278 22

Freight 9,975,43691

Mail 323,57248

Express 614,451 58

Extra Baggage and Storage... 104,94938

Total ($11,385.19 per mile) $19,556,687 37

Net earnings (30.41 p. c.) $5,947,581 32

Rents of Tenements, Land, etc 340.102 91

Income from Investments 237,743 00

Miscellaneous Income 113,555 27

Expenses — Conducting Transportation... $5,531,14827

Motive Power : 3,704,365 4?

Maintenance of Cars 1,363,441 12

Maint. Way and Buildings. .-. . 2,412,876 43

General 597&i4 76

Total ($7,922.73 per mile) $13,609,106 05

Taxes $988,34792

Interest on Bonds and on Mtges 1,104,72595

Lease Rental* 3,208,012 19

Sinking Funds (net) 68,601 25

Dividends on Preferred Stock (Paid) 188,988 00

Dividends on Common Stock (Paid) 1,045,014 00

Available Revenue $6,638,98250 Total Payments $6,603,68931

Surplus for year, $35,293.19 ; surplus forward, $1,677,157.54— total, $1,712,450.73.

Dividends Paid: On preferred stock, Sept. 1, 1896, and March 1, 1897, 3 p. c. each; on common stock,
Oct. 1, 1896; Jan. 1, April 1 and July 1, 1897, li p. c. each. For dividends paid since the organization of the
company see previous editions of the MANUAL, particularly that for 1888.

Statement of operations, capital account, etc., for eight fiscal years:

1890

Sept. 30.

1891

Sept. 30.

1892

Sept. 30.

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles Oper. (aver.)..
Pas. Train Miles —
Freight Train Miles.
Passengers Carried. .
Passengers One Mile
Tonnage Moved
Tons One Mile

Gross Earnings
Gross Ex. & Taxes.

Net Earnings. ......

1,210.03

5,824,270
3,936,142
30,322,923
408,494,403
6,835,003
482,248,285

15,531,191
10,567,214

1,210.03
6,253,426
4,184,324
31,426,735
413,412,055
6,764,244
426,909,177

$

15,679,996
10,728,684

1,210.54
6,414,902
4,302,860
33,659.934
440,024,660
7,442,125
492,641,979
$
16,606,603
11,387,876

1,253.47
6,926,620
4,605,340
36,247,601
469,323,316
8,065,167
519,236,621
$
17,801,122
12,434,499

1,292.65

6,880,536
4,200,367
33,384,862
447,534,671
7,389,273
469,522,048
$
16,615,152
11,682,598

1,292.46
6,577,839
4,274,488
32,380.241
444,496,640
8,381,322
535,671,845

S

17,600,068
12,619,101

1,716.76
8,113,257
5,490,492
35.132.992
507,608,954
10,247,029
676,082,534

21,145,055
15,529,647

1,717.73

8,143.335
5,389,361
32,658,341
483,987,417
9,892,705
688,011,072
$
20,248,088
14,597,454

4,963,977
2,576,381
831,302
(9i)947,720
(3) 04,491
+ 514,083

12,835 38
8,73302
4,10236
68.04 p: c.
1.799C.
1.647 c.
315.70
613.79
454.94
452
824
10,445
$
16,297,744
17,393,920
2,550,000
5,410,107
2,215,781

4,951,312
2,018,090
1,231,682
(901,202,148
(6) 188,982
+ 372,510

12,958 35
8,866 46
4,091 89
68.42 p. c.
1.818 c.
1.642 c.
315.70
628.66
454.94
481
877
10,306

18,654,654
17,076,694
3,029,000
5,348,683
2,176,191

5,218,727
2,012,567
1,237,360
(8)1,289,144
(6) 188,988
+ 490,668

13,718 34
9,407 27
4,311 07
68.59 p. c.
1.807C.
1.507 C.
360.58
[710.78
454.94
495
914
10,122
$
21,755,125
16,962,975
2,179,800
4.845,128
2,365,007

5,366,623
2,167,414
1,182,063
(8)1,391,168
(6) 188,988
+ 436,990

14,201 47
9,920 06
4,281 41
69.85 p. c.
1.803 c.
1.538 c.
365.5S
732.17
587.97
558
999
10,993

$

21,888,225
17,835,225
3,832,300
5,547,243
2,060,681

4,932,554
2,311,370
1,280,674
«H)1, 132,044
(6) 188,988
+ 19,478

12,853 56
9,037 71
3,815 85
70.31 p. c.
1.764 c.
1.546 c.
370.00
751.78
630.10
570
1,014
10,704
$
21,889,000
21,741,780
847,300
5,403,697
1,601,701

4,880,967
2,396.246
1,178,440
(6)1,045,005
(6) 188,988
+ 72,288

13,540 12
9,763 63
3,776 49
72.11 p. c.
1.745 c.
1.545 C.
369.81
753.83
632.88
566
1,028
10,331
$
21,889,000
21,655,280
594,800
5,999,853
1,616,002

5,615,408
3,110,910
1,169,029
(6)1,045,014
(6) 188,988
+ 71,467

12,316 84
9,045 90
3,27094
73.44 p. c.
1.793c.
1.530 c.
369.81
764.70
647.13
665
1,201
12,909

21,889,000
21,565,780
597,800
7,865,106
M77,157

5,650,634
3,208,012
1,173,327
(6)1,045,014
(6) 188,988
+ 35,293

11,787 70
8,498 17
3,28953
72.09 p. c.
1.764 c.
1.450C.
370.08
753.63
677.56
660
1,221
12,603
9
21,889,000
21,477,280
597,800
7,337,053
1,712,451

Lease Rentals

Int. & Sink. Fund. .
Dividends, Com. . . .
Dividends, Pref
Balance (+ or — )...

Grofs Earn, per M. .
Gross Ex. perM —
Net Earn. perM
Expenses to Earn..
Av. Rate p. P. p. M.
Av. Rate p. T. p. M.
Miles of RR. Owned
M. of Track Owned.
M. of Steel R'l Own.
Locomotives

Passen., etc., Care. .
Freight, etc., Cars. .

Capital Stock

Funded Debt

Notes Payable —
Other Liabilities....
[Surplus

Total Liabilities.
Railroads

43,867,552

27.876,355
4,377,694
5,384,330
1,386,191
3.593,169
1,249,813

46,276,222

28,305,810
4,377,694
6,271,613
1,828,518
4,542,376
950,711

48,108,035

29,454,188
4,377,694
6,671,282
1,645,996
4,564,789
1,394,086

51,163,674

30,421,816
4,387,694
7,133,013
2,189,274
6,549,324
482,553

51,483,478

32,554,440
4,583,150
6,385,295
1,517,498
4,851,522
1,591,573

51,754,935

31,856,655
4,583,150
6,380,944
1,577,457
5,038,619
2,318,110

53,594,843

32,269,161
4,583,150
6.882,398
2,230,284
5,961,334
1,668,516

53,013,584

32,294,885
4,583,150
7,063,437
1,767,086
5,851,387
1,453,639

Equipments. ...

1 Dtner Investments. .
inp. and Materials..
Dtner Assets

2ash

Total Assets. . . .

43,867,552

46,276,222

48,108,035

51,163,674

51,483,478

51,754,935

53,594,843

53,013,584

Supplementary comparative statement of earnings, expenses, etc., for nine months ending
March 31, 1898 and 1897 :

1897-8. 189_6-7. INC. OB DEC. 1897-8. 1896-7. INC. OB DEC.

,3ro8g Earn... 14,955,029 09
pper. Exp.... 10,383,251 49

(let Earn 4,571.77760

)ther Income. 422,572 43

14,652,017 02 7. 303,012 07

10,147,453 32 7. 235,798 17

4,504,56370 7. 67,21390

402,26685 7. 20,30558

Net Income. . . .4,994,350 03

Int., Rentals | . n(!, OSn „

and Taxes.. f4>0(>l,850 ,2

Surplus 932,49931

4,906,83055 7. 87,51948

3,952,335 96 I. 109,514 76

954,494 59 D. 21,995 28

334

POORS MANUAL OF EAILROADS — RAILROAD "SYSTEMS.

General Balance Sheet, June 30, 1897.

Cost of Road $32,294,884 74

Cost of Equipment 4,583,149 91

Stocks, Bonds, and Other Investments... 7,063,436 98

Materials and Supplies 1,767,08642

Due from Companies and Individuals. . . . 1,841,446 92

Cash 1,453,638 84

Due from Agents and Conductors 752,733 84

Trustees of Sinking Funds 705,822 76

Current Traffic Balances 217,686 87

Bills Receivable 865,720 01

Improvement Accounts of Leased Roads. 711,658 68

Central Massachusetts RR. Construction. 257,955 01

Elimination of Grade Cross'gs in Process 430,157 67

Other Assets 68,205 29

Total Assets $53,013,583 94

Capital Stock ($100 shares; see below). .$21,889,000 00

Funded Debt Outstanding 21,477,280 21

Charleston Land Mortgage Notes. ....... 597,800 00

Suspense Account 760,388 53

Taxes, Rentals, and Interest Accrued 875,162 00

Sinking Funds 705,822 76

Injury Fund 150,000 00

Sundry Lease Accounts 1,162,40538

Rents of Leased Roads due July 1 957,813 16

Current Bills 850,930 80

Current Traffic Balances 561,046 ?.6

Unpaid Wages 346,993 26

Companies and Individuals 110,42538

Interest and Dividends Unpaid 185,084 12

C. & M. RR. Improvement Fund 670,981 25

Profit and Loss 1,712,450 73

Total Liabilities $53,013,583 94

Stocks, Bonds, and Other Investments ($7,063,436.98).

Slocks ($5,161,296.27): Shares. Valuation.

Maine Central RR 25,160 $4,516,00000

Boston and Maine RR 13,214 1.585,755 91

Portland and Rochester RR 4,821 482,050 00

York Harb. & Beach RR. (par $50). 4,971 248,550 00

Portland and Ogdensburg RR 3,95s!4, 146,238 80

Franklin and Tilton RR 1,250 125,03000

25,00000

15.00000
4,375 00
39000

4,303 56
4.10400

250

Portland Union Ry. Station Co

Portland, Mt. Desert and Machias

S. B. Co. (par, $50).

Portland, Saco and Portsm. RR

Portsmouth and Dover RR

St. Johnsb. and L. Champ. RR.

(par, $50) 809

Newburyport RR 1,368

300
86

a

Shares.
471
15

Danvers RR

Eastern RR. in N. H

St. John's Bridge and Ry. Ext. Co.

(par, $50) 240

Concord and Claremont (N. H.) RR. 30
Bonds ($7*3,464.951 : Pur.

Newburyport RR $300,000

Danvers RR 125,000

St. Johnsb. and L. Champ. RR 260,000

Central Massachusetts RR 100,000

Other Investments ($1,118,675.76):
Steamer " Mt. Washington," and Wharves

Elevator at Richford, Vt

Real Estate...

Valuation.

$2,345 00

90000

68400

600 IX)

Valuation

$298,464 95

125,000 00

260,000 00

100,000 00

Cost. .

$73,455 32

52,201 43

992,950 01

During the past year $105,816.25 was paid into the Eastern RR. Co.'s sinking fund, and the trustees of
that company purchased therewith, and cancelled, its 6 p. c. mtge. certificates of indebtedness to the par
value of $88,500. and this company's funded debt, reduced by the latter amount, now stands at $21,477,280.21.
The further sum of $51,285 was paid out of the year's earnings to the trustees of the sinking fund for the
redemption of Boston snd Maine RR. improvement bonds, and the total of that fund now stands at $704,930.61.

Statement of funded debt outstanding June 30, 1897:

DESCRIPTION op BONDS.

DATE.

INTEREST.

Amount
Outstanding.

Annual
Interest.

Issue.

Maturity.

Rate.

Payable.

Plain Gold Bonds, $1,000,

1894
1892
1885
1887
1887
1876
1876
1877
1877

Jan. 1, 1944
Aug. 1, 1942
Feb. 2,1905
Feb. 1, 1907
Feb. 1, 1937
Sept. 1, 1906
Sept. 1, 1906
June 1, 1937
Dec. 1, 1892

p. c.
4ig.
4
4
4
4
6g.

eg.

4*
4*

Jan. & July
Feb. & Aug.
Feb. & Aug. 2
Feb. & Aug.
Feb. & Aug.
March <fc Sept.
March & Sept.
June & Dec.
June & Dec.

$
6,000,000 00
2,500,000 00
1,000,000 00
500,00000
1.919,00000
7,001,00021
1,557,28000
998,00000
2,00000

$
270,000 (10
100,000 00
40,00000
20,00000
76,760 00
420,945 00
93.436 80
44,910 00
9000

Plain Cy. Bonds, Coup. & Reg., $1,000, etc. . .
Improve. Sink. Fund Cy. Bonds, $1,000
Improve. Sink. Fnnd Cy. Bonds, $1,000
Improve. Sink. Fund Cy. Bonds, $1,000
E. RR., U. S. Gold Cert, and Scrip, $500, etc.
E. RR., Stg. Gold Cert. (£320,000), £100, £200
P., G. F. & C. RR. 1st M. Cp. Bds., $500, etc.
P., G. F. & C. RR. 1st M. Cp. Bds., $500, etc.

Total

$21,477,280 21

$1,066,141 ,'»

In Oct., 1897, there were purchased and cancelled $84,000 E. RR. U. S. gold cert, and $973.30 E. RR. st;;.
gold cert.— total, $84,973.30, leaving total funded debt, March 1, 1898, $21,392,306.91.

Under the sinking fund provisions of the three improvement loans, 14 p. c. per annum in cash upon the
amount of the bonds outstanding is paid in yearly to the Boston Safe Deposit and Trust Co., trustee of the
sinking fund. The income of this fund is invested in bonds or other securities, as requested by the Bost< n .
and Maine RR. Trustees: E. RR. 6s, W. P. Phillips, C. R. Codman, C. U. Cotting; P., G. F. & C. RR. i\a
cf 1937, G. E. B. Jackson, Frank Jones, E. W. Hooper.

The Charleston land mtge. notes, which appear among the liabilities in the balance sheet,
bear interest at the rate of 4 p. c. per annum, payable Jan. 1 and Julyl, and mature on Sept.
1, 1906. (See MANUAL for 1895.)

POOR S MANUAL — BOSTON AND MAINE BE. CO.

335

The company guarantees $1,328,000 1st mtge. 5 p. c. bonds of the St. Johnsbury and
Lake Champlain RR. Co. and the interest on $113,500 Portland and Rochester 4 p. c. bonds
of 1907, and on $274,000 Manchester and Lawrence 4 p. c. bonds of 1922, besides guarantee-
ing jointly with the Maine Central RR. Co. $300,000 Portland Union Ry. Station Co. bonds.

General Balance Sheet, March 31, 1898.

Cost of Road $32,320,269 74

Cost of Equipment 4,583,149 91

Stocks and Bonds of Other Companies.. 4,458,005 31

Stock in Boston and Maine RR 1,585,755 91

Lands and Buildings 1,068,661 39

Other Permanent Property 125,716 75

Cash 812,583 29

Bills Receivable 648,017 74

Due from Agents 1,002,076 62

Due from Solvent Cos. and Individuals. . 2,244,722 33
Elimination of Grade Crossings in

Process 536,010 99

Trustees Sinking Funds 753,8^-175

Materials and Supplies 1,738,88) 29

Other Assets 326,572 45

Operating Expenses 10,383,251 49

Interest Accrued (nine months) 816,41302

Taxes Accrued (nine months) 768,756 79

Rentals Accrued (nine months) 2,476,68091

Dividends Accrued (nine months) 972,098 50

Total Assets $67,331,621 01

Capital Stock, Common $18,739,200 00

Capital Stock, Preferred 3, 149,800 00

Funded Debt 21,392,306 91

Real Estate Mortgages 597,800 00

Loans and Notes Payable 350,000 00

Audited Vouchers and Accounts 831,197 47

Wages and Salaries 331,822 38

Due Other Companies (Net Traffic Bal.). 432,756 01

Dividends Uncalled for 23,863 75

Accrued Interest Unpaid 215,44047

Taxes Unpaid 202,038 21

Rentals Unpaid 893,276 45

Due Companies and Individuals 58,19498

Improvement Fund, C. & M. RR 291,584 68

Transportation Earnings 14,955,02909

Other Income 422,572 43

Sundry Lease Accounts 1,162,405 38

Injury Fund 126,17094

Suspense Account 756,358 63

Funds for Redemption of Bonds 756,881 75

Profit and Loss Balance (Surplus).'. 1,642,921 48

Total Liabilities $67,331,621 01

Statement of leased lines on June 30, 1897, showing their terminal points, mileage, dates
and terms of leases, and annual rental charges :

NAME OF ROAD.

TERMINAL POINTS.

Length
of Road.

Date of
Lease.

Term of
Lease.

Annual
Rental.

From

To

avers RR

Wakefield Jc., Mass..
Bradford ....

Danvers, Mass
Newb'p't &DT.,Mass.
LowellJc., Mass

Miles.
9.26
26.98
8.73,
4.50
16.08
10.88
50.76
96.95
14.50
110.30
38.26
3.02
98.77
13.16
15.50
10.50
29.59
94.48
82 91

May 30, 1853
Feb.21, 1860
Dec. 1,1874
May 15, 1883
Oct. 1, 1878
Feb. 1,1874
May 4, 1871
A pi ill, 1887

These 1
leased b
and Low
and wer<
this (B.
pnnynnc
of its lea
&L. RR

Ian. 1,1886
(•Jan.1,1890

Sept. 1, 1887
Jan. 1,1893
April 1, 1895
1
These 1
owned,!
trolled
covd an
I.'R. Co
ncqtiiret
ton and
the term
of the (
Montren

J

Years.
100
100
99
99
60yrs.2mos.
50
Perpetuity.
99

i n e s< were
f the Boston
ell RR. Co.,
acquired bv
& M.) corn-
ier the terms
se of the B.

50
99 -j

50
99
91

i n e s were
Based or con-
>y the Con-
d Montreal
, and were
by the Bos-
\Iaii. e under
s of its lease
Concord and
1RR.

(See Co.'s
| statements.
52,50000
2,925 00
22,500 00
46,140 00
90,000 00
For terms un-
der which the
B. & L. RR.
and its aux-
iliary lines
are leased,
gee state-
ments for
the several
companies.
250,000 00
See statement
for Northern
RR. Co.
112,960 00
See page 339.
For terms un-
der which the
Concord and
Montreal
RR. and its
auxiliary
lines are op-
erated by the
B. & M. RR.
Co.seetheap-
pended state-
ments for the
several com-
panies.

wburyport RR

well and Andover RR. . . .
nneb'k & Kenneb'kp'tRR.
stern RR. in N. H
rtsmouth and Dover RR. .
ll'd,Saco & P'rtsm'th RR.
»ton & Lowell RR. & Brs.
Taehua & Lowell RR
!t. & Passumpsic Rvs. RR.
[assawippl Valley Ry
(rand Trunk (trackage). . .
Central Massachusetts RR.
tony Brook RR

Lowell, Mass
In Kenneb'kport, Me.
N. H. State Line. . .
Portsmouth, N. H....
Maine State Line
See below.....

Maine State Line. . .
Dover, N. H
1'ortland, Me

Lowell, Mass
White River Jc.,Vt..
Vermont Line

Nashua, N. H
Canada- Vt. Line
Lennoxville, P. Q. . . .

Lennoxville, P. Q
No.Camb'geJc.,Mass.
No. Chelmsfd, Mass.
Nashua, N. H
Wilton, N. H
Keene, N. H

Sherbrooke, P. Q ....
Northampton, Mass. .
Ayer, Mass . . .

Filton RR
'eteroorough RR

Wilton, N.H
Greenfield, N. H
Greenfield, N. H

[anchester & Keene RR .

ircester, Nas. &R'ch'rRR.
rthernRR. & Brs

Worcester, Mass

Rochester, N. H

See page 340.-

'eterb'gh & Hillsboro' RU.
'. &C. (N. H.)RR. &Br..
nchester & Lawrence RR.
inecticut River RR
icord &Montr'l RR.& Brs.
Tash., Acton & Boston RR.
f.Y.,N.H & H RR (tr'kVe)

Peterborough, N. H . .
See page 340

Hillsboro' Br., N. H..

18.51
70 90

Manchester, N. H
Springfield. Mass
See page 338
Nashua, N.H

Massachusetts Line . .
Keene, N. H., & Brs .

North Acton, Mass. . .
Concord June., Mass.
Henniker, N. H
Alton Bay, N. H
Belmont, N. H

22.39
79.83
3W.25
20.12
4.21
21.50
17.28
4 17
33.6'.)
. 12.S4
4.9->
5.19
3 '.87
17.41
4.4<>
2293

North Acton, Mass. . .
Manchester, N.H
Lakeport, N.H
Belmont Jc., N.H...

lanch. & No. Weare RR . .
iake Shore RR

'ilton & Belmont RR . . .
Fhitef 'd & Jeff. RR. & Brs.
Tofile & Franc. Notch RR.
'ranklin & Tilton RR. . . .
few Boston RR
'oncord & Portsmouth RR.
uncoos Valley RR .. ..

See page 339

Profile House, N. H..
Tilton, N. II
Parkers, N. H
Manchester, N. II
Snncook N H

Bethlehem, N II...
Frank'in Jc., N. II...
Xew Boston, N. H . . .
Portsm'h.N.H.,&Spr.
Pirtsfield N H

nncook Valley Extension,
'emigewasset Valley RR . .

Tot. length of leased lines

Pittsfleld, N. H
Plymouth, N. H

Centre Barnsfead
Lincoln, N. II

1,347.65

336

POORS MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Statement showing the amounts of stock and bonds outstanding on the leased lines, the
amount of interest accrued on the bonds during the year ending June 30, 1897, and the
amount paid as rental by the Boston and Mftine RR. for the same period :

NAME OF ROAD.

Capital

Stock.

Bonded
Debt.

Total.

Interest Ac-
crued for
Year.

Rental for

Year.

Boston and Lowell RR , , , . ,

$
6 529 400

S
8,221 900

$

14 751 300

$
344,864

S

746569

Central Massachusetts RR

7 421 592

2,100,000

9,521,592

105,000

160,284

Connecticut and Passumpsic Rivers RR

2,500,000

1,900,000

4,400,000

76,000

200,500

Massawippi Valley Ry.

800,000

800,000

38,000

Nashua and Lowell RR

800000

100,000

900 000

5,000

73,000

Stony Brook RR

300000

300 000

21,500

Wilton RR

240 000

240000

20,400

Peterborough RR

» 385,000

385,000

15,700

Concord and Montreal RR

7,197,600

5,500,000

12,697,600

230,000

733,640

Concord and Portsmouth RR ...

350000

350,000

25,000

Whitefleld and Jefferson RR

789,300

789,300

Manchester and North Weare RR ....

256,600

256000

Petuigewasset Valley RR

541,500

541,500

32,790

Suncook Valley RR. ..

341.700

341,700

14,700

Suncook Valley Extension RR

77 000

77,000

Nashua. Acton and Boston RR .... ....

500,000

500,000

1,000,000

none paid

Lake Shore RR

329 800

329800

Profile and Franconia Notch RR

200000

200,000

New Boston RR

84,000

84,000

2,800

Tilton and Belmont RR

47 200

47200

Franklin and Tilton'RR . .

250,000

250,000

Connecticut River RR

2.580,000

2,290,000

4,870,000

91,600

351,600

Worcester, Nashua and Rochester RR

3,099,800

1,776,000

4,875,800

71,040

250,000

Northern RR. ... .

3,068,400

3,068,400

185,420

Concord and Claremont (N. H.) RR. ...

412,400

500,000

912,400

22,500

Peterborough and Hillsborough RR

45,000

165,000

210,000

4,500

Manchester and Lawrence RR

1,000,000

274,000

1,274,000

10,960

112,960

Portland, Saco and Portsmouth RR

1,500,000

1,500,000

90.000

Lowell and Andover RR

625,000

625,000

52,500

Portsmouth and Dover RR . . .

769,000

769,000

46,140

Eastern RR. in New Hampshire

738,750

738,750

22,500

Kennebunk and Kennebunkport RR

65,000

65,000

2,925

Danvers RR

58.300

125,000

183,300

none paid

Newburyport RR

200,900

300,000

500,900

none paid

Totals

44,103,248

23,751,900

67,855,142

961,464

8,198,928

There were also paid during the past year $9,084.58 as rentals of sundry tracks.

i
RAILROADS OWNED OR LEASED BY THE BOSTON AND MAINE RR.

Boston and Lowell RR.— Boston, Mass., to
Lowell, Mass., 26.75 m.; branches — Mystic, 2.25 m.;
Lexington and Arlington, 8.11 m.; Woburn, 6.20 m.;
Stoneharn, 2.50 m. ; Lawrence, 3.21 m. ; Bedford and
Billerica, 7.63 m. ; Salem and Lowell, 16.80 m. ;
Lowell and Lawrence, 12.42 m.; Middlesex Centr.il
RR., Lexington to Concord, 11.08 m.— total. 96.95 m. ;
total operated (including one-half of Manchester and
Keene RR., 14.80 m.), 111.75 m.; double track (main
line, 26.75 m.; branches, 15.16 m.), 41.91 m.; sidings,
etc., 105.42 m.— total track (steel, 215.08 m.). 244. 2S
miles. Gauge, 4 ft. 84 in. Rail, 60 to 72 Ibs. (For
history see Manuals for 1886 and 1888.) Leased in
April, 1887, to the Boston and Maine RR. for 99
years; rental, 7 p. c. on stock for first ten years, and
8 p. c. thereafter, together with interest on bonds.
Under an agreement entered into on June 29. 1895,
with the Boston and Maine and the Concord and
Montreal RRs. it was provided that in the event of
the termination of the lease of this road to the B. &
M. RR. then this company shall become entitled to
the remaining term of the lease of the Concord and
Montreal (statement for which see) ; and this com-
pany at the same time waived any agreement con-
tained in the lease of June 22, 1887, providing that
the lease of the C. & M. should be made to this
company. Income Account, year ending June 30,
1897.— Rental, $846.569. Payments: Maintenance of
organization, etc., $7.000; interest on bonds, $349,-
864; dividends (Jan., 3i p. c. ; July, 4 p. c.), $489,705
—total, "

General Balance Sheet, June 30, 1897.

Cr.

Capital Stock (par, $100) $6,529,400 00

Funded Debt 8,324,900 00

Unpaid Dividends 261,253 00

Interest Accrued 61,778 52

Interest Due 42,125 00

Sinking Fund. . 12,360 77

Profit and Loss 1,423,163 01

Total Liabilities $16,654,981 20

Dr.

Cost of Road $11,754,325 56

Equipment 833.583 84

Cash 317.983 25

Bonds and Investments 2.895,000 00

Due from Other Companies 457.672 18

Sinking Fund 12,360 77

Stocks Owned 384,055 50

Total Assets $16,654,981 IO

The funded debt consisted. June 30, 1897, of—
$3,000 B. & L. 20-yr. 6s, due July 1, 1896. int. J. & -I. f

620,000 B.& L. 20-yr. 5s, due July 1, 1899, int. J. & .1.

250,000 B.& L. 20-yr. 4Js, due May l,1903,int.M. & N.

500,000 B.& L. 20-yr. 4s, due Sept. 1. 1905, int. M.& S.

500,000 B.& L. 20-yr. 4s. due Mar. 1, 1915, lnt.M.& 8. /

226,900 S. & L. 6s, due Oct. 1, 1898, Int. A. & O.

POOR'S MANUAL — BOSTON AND MAINE SYSTEM.

337

*200 000 L. & L. 6s, due Oct. 1, 1897, int. A. & O.
^00 000 N.& L. 20-yr.6s, due July 1, 1900, int. J. & J.

500,000 B. & L.20-yr. 4s, due Nov. 1, 1906, int. M. &N.
2000000 B.& L. 20-yr. 4s, due June 1, 1907, int. J.&D.

325000 B. & L. 20-yr. 4s, due July 1, 1907, int. J. & J.

350000 B. & L. 20-yr. 4s, due April 1, 1909, int.A.& O.
1000000 B. & L. 40-yr. 4s,due April l,1932,int. A.& O.
I'ooo'oOO B. & L. 20-yr. 4s, due Feb. 1, 1913, int. F. & A.

750,000 B. & L. 20-yr. 4s, due July 1, 1916, int. J. & J.

The bonds are in coupon form, with right of regis-
tration, and subject to successive registrations or
transfers to bearer at the option of the holder. The
several issues are payable in currency. Only two are
secured by mortgage — the Salem and Lowell and the
Lowell and Lawrence— these being a first lien on the
two branches designated by those names. Since
the close of the fiscal year $200,000 4 p. c. 20-yr.
bonds have been issued to replace the L. & L. RR.
6s matured Oct. 1, 1897. Authority has been voted
for an issue of $214,000 of similar bonds to retire
the 6 p. c. S. & L. RR. bonds maturing Oct. 1,
1898, the remaining $12,900 of S. & L. bonds to be
paid from sinking fund. Trustees: L. & L. bonds,
John F. Kimball, Wilton, N. H.; C. E. A. Bartlett,
Ctelmsford, Mass.; S. & L. bonds, Wm. A. Richard-
son, Washington, D. C. Interest payable at office of

RAILROADS LEASED TO THE BOSTON AND LOWELL RR.
CORPORATION AND LEASE ASSIGNED TO THE BOSTON
AND MAINE RR.

CENTRAL MASSACHUSETTS RR.— Cambridge,
Mass., to Northampton, Mass., 98.77 m. ; total track
(steel, 117.93 m.; 60-lb. rail), 122.83 miles. Organ-
ized, Nov. 10, 1883, as successor to the Mass. Central
RR. Co. Leased to the Boston and Lowell RR. Corp.
for 99 years, from Oct. 1, 1886, at 20 p. c. of gross
earnings up to $1,000,000, and 25 p. c. over that
amount, less interest on $2,000,000 5 p. c. bonds of
this company owned by the Boston and Lowell. (For
terras of plan of reorganization, etc., see Manual for
1890.) Rental, year ending June 30, 1897, $167,795;
other receipts, $408— total, $168,203. Payments: Ex-
penses, $15,512; interest on bonds, $105,000; divi-
dends on preferred stock (Jan., 1897, li p. c.). $59,119
—total, $179,631. Deficit, $11,428. Financial State-
ment, June 30, 1897.— Capital stock— common, $3,-
471.100; preferred, $3,941.900; preferred stock, scrip,
$8.592.33; funded debt (1st mtge. 5 p. c. 20-yr. cy.
bonds, dated Oct. 1. 1886, interest payable in Bos-
ton, April 1 and Oct. 1, $2,000,000; coupon bonds
dated April 1, 1895, due Oct. 1, 1906, int. 5 p. c.,
April and Oct., $100,000), $2,100,000; contingent
fund, $3,372; income balance, $13,488— total, $9,538,-
452. Contra: Cost of property, $9,521,592; other as-
sets, $16,86O— total, $9,538,452. Preferred stock has
entire control of the affairs of the company till two
semi-annual dividends of 4 p. c. each shall have been
earned in any one year. Samuel N. Aldrich, Pres.;
Henry Hornblower, Sec. & Treas., Boston, Mass.
Corporate Office, Boston, Mass.

CONNECTICUT AND PASSUMPSIC RIVERS
RR.— White River June., Vt., to Canada Line, 110.30
m.; Massawippi Valley Ry. (leased), Canada Line to
Lennoxville, Que., and branch, 37.15 m.— total,
147.45 m.; sidings, etc., 47.80 miles. Rail (steel,
189.39 m.), 56 to 75 Ibs. Chartered Nov. 10, 1835;
entire line opened Oct. 14, 1863. Leased for 99 years,
from Jan. 1, 1887, to the Boston and Lowell RR.
Corp., the yearly rental to equal interest on bonds
and dividends of 5 p. c. for first ten years and 6 p c
thereafter. The Massawippi Valley Ry. leased for 999
years, from July 1, 1870, continues this line into
Canada to a junction with the Grand Trunk Ry.
Income, year ending June 30, 1897 (rental, $204 -
'000; other, $60), $204.060. Expenses and taxes,
53,223. Net income, $200.837. Paid interest on
bonds, $76,000; dividends (Feb. and Aug 24 p c
each). $125,000— total, $201,000. Deficit, $163. Capi-
tal stock (par, $100), $2,50Q.OOO; funded debt, 1st
mtge. 4 p. c. 50-yr. $1,000 bonds, due April 1, 1943,

it. A. & O., $1,900,000; unfunded debt, $78,639; in-
come balance. $236,966— total, $4,715,605. Contra :
Cost of road, $3,516,525; stocks, etc., $763,600; other
assets $4.'{5.480-total, $4,715,605. This company
lolds $400,000 capital stock of the Massawippi Valley
• Co., issued to the company under an agreement

lade some years ago, by which this company was to
Jay for and take up the bonds of the M. V. Ry Co

•r a like amount at their maturity in 1889. This

ompany controls the M. V. Ry. Co., and the Boston

a lowell pays the same dividend on the $400.000

M. V. Ry. stock as on the stock of the C. & P. R. Ry.

22

Co. The $400,000 M. V. stock is held by the trustee
of the C. & P. R. Ry. 4 p, c. bonds as additional
security for the mtge. Interest payable at the Bos-
ton Safe Deposit and Trust Co. Amos Barnes, Pres.;
Alden Speare, Vice-Pres., Boston, Mass.; James H.
Williams, Treas.. Bellows Falls, Vt.; Henry C.
Cleveland, Sec., Coventry, Vt. Corporate Office, 95
Milk St., Boston, Mass.

MANCHESTER AND gEENE RR.— Keene, N.
H., to Greenfield, N. H., "29.59 miles. Chartered
June 22, 1864; road opened Nov. 29, 1878. The entire
bond issue was purchased in "1882 by the Boston and
Lowell and the Concord RR. Cos., each one-half.
The road is operated by the' Boston and Maine for
joint account of itself and the Concord and Montreal
RR. (See Manual for 1891.)"

MASSAWIPPI VALLEY RY.— Province Line to
Lennoxville, Que., 34.75 m. ; Stanstead Branch: Stan-
stead June, to Stanstead Plain, 3.51 m.— total owned,
38.26 miles. Trackage: Grand Trunk Ry., Lennoxville
to Sherbrooke, Que., 3 m. — total opera ted, 41. 26 miles.
Sidings, etc., 6.66 miles. Rail (steel), 50 and 60 Ibs.
Chartered 1862; road opened 1870. In the fall of
1896 the branch was extended and a change made
In the location of the old terminus, resulting in a
net addition of 1.11 m. to the length of the road.
Leased for 999 years, from July 1, 1870, to the
Connecticut and Passumpsic Rivers RR. Co., the
lessees to pay interest on bonds, and dividends Iden-
tical with those "paid to its own stockholders, be-
sides all expenses, etc. After Jan. 1, 1897, the semi-
annual dividend was increased to 3 p. c.; the rate
was 2J p. c. ' previously. Dividends payable Feb.
1 and Aug. 1. The bonds were retired in 1889 by ex-
change for an equal amount ($400,000) of stock. Capi-
tal stock, $800,000, representing cost of road, Will-
iam White, Pres., Sherbrooke, P. Q.; Austin T.
Foster, Vice-Pres.; J. G. Foster, Sec., Derby Line,
Vt.; J. H. Williams, Treas., Bellows Falls, Vt.
General Office, Rock Island, Quebec, Can.

NASHUA AND LOWELL RR.— Lowell, Mass.,
to Nashua, N. H., 14.60 m.; 2d track, 14.50 m. ;
sidings, 10.54 m.— total track (steel), 39.54 miles.
Consol. (1838) of the Lowell and Nashua and the
Nashua and Lowell RR. Cos. Road completed and
opened, Dec. 23, 1838. Leased for 99 years, from
Oct. 1, 1880, to the Boston and Lowell RR. Co., and
lease assumed by the Boston and Maine, the rental
to the latter being increased from $66,000 to $73,000
per annum— equalling 9 p. c. on stock and $1,000 for
corporate expenses. All other charges, including in-
terest on bonds, are assumed by lessees. (See Manual
for 1891.) Income Account, year ending June 30,
1897: Rental, $73,000; add interest, $5,000; other
receipts, $2,027— total, $80,026. Payments: Interest
on bonds, $5,000 ; organization expenses, $2,148 ;
dividends (9 p. c.), $72,000— total, $79,148. Surplus,
$878; surplus forward, $148,477— total, $149,355.
Financial Statement, June 30, 1897.— Capital stock
(par, $100), $800,000; funded debt, $100,000; ac-
counts, $1,643; profit and loss, $149,355— total, $1,-
050,998. Contra: Cost of road, $684,242; equipment,
$218,243; note of Boston and Lowell RR. Co., $100.-
000; cash, $8,207; current accounts, $40,306— total,
$1,050,998. Funded debt consists of 5 p. c. 20-yr.
gold bonds, due July 1, 1900, interest Jan. and July.
Interest payable at the office of the company,
Nashua, N. H., and also at Boston, Mass. Francis
A. Brooks, Pres., 31 Milk St., Boston, Mass.; W. W.
Bailey, Treas. ; Walter A. Levering, Clerk, Nashua,
N. H. General Office, Nashua, N. H.

PETERBOROUGH RR.— Wilton to Greenfield,
N. H., 10.50 m.; total track (steel, 11.56 m.), 12.11
miles. Chartered July 7, 1866; road opened Jan. 1,
1874. On April 1, 1893, leased to Boston and Lowell
RR. Co. for 93 years, at 4 p. c. on capital stock,
taxes, and $300 per year for organization expenses.
Rental, year ending June 30, 1897, $15,700 ; other
receipts $69— total, $15,769. Expenses, $179. Net
income, $15,590. Paid dividends (4 p. c.), $15,400.
Balance, surplus, $190. Capital stock, $385,000; un-
funded debt, $396; income balance, $213,333— total,
$598,729. Contra: Cost of road, $595,194; sundry
assets, $3,535— total, $598,729. Virgil C. Oilman,
Pres.; Gilman C. Shattuck, Treas.; Harry W. Rams-
dell, Sec. General Office, Nashua, N. H.

STONY BROOK RR.— North Cnelmsford, Mass.,
to Ay er Junction, Mass., 13.16 m.; total track, 17.69
miles. Chartered March 26, 1845; road opened July
1, 1848. Leased in 1884 to the Boston and Lowell
RR. Co., at 61 p. c. on stock till 1890, and 7 p. c.
for 99 years thereafter. Rental, year ending June
30, 1897, $21,500. Paid dividends (Jan. and July,
1897, 3J p. c. each), $21,000. Capital stock (par,
.«100), $300,000; profit and loss, $288— total. $300 2S8
Contra: Cost of road, $276,601; land in Mass., $21,-

338

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

402; cash and cash assets, $2,105— total, $300,288.
George F. Richardson, Pres. ; Jacob Rogers, Treas. ;
Frank E. Dunbar, Clerk, Lowell, Mass. General
Office, Lowell, Mass.

WILTON RR.— Nashua, N. H., to Wilton, N.
H., 15.50 m.; total track. 20.72 miles. Chartered
Dec. 28, 1844; road opened June 10, 1851. Leased to
Boston anu Lowell RR. Co. for 99 years, and assigned
to Boston and Maine. Rental, $20,400. Payments:
Dividends (April and Oct., each 4i p. c.), $20,400.
Capital stock (auth., $250,000), $240,000. Cost of
road. $228,353; depots and buildings, $14,247. Solo-
mon Spalding, Pres.; William E. Spalding, Treas.,
Nashua, N. H.; David Whiting, Clerk, Wilton, N. H.
General Office, Nashua, N. H.

Concord and Montreal RJR..— Nashua to
Groveton Junction, N. H., 180.71 m. ; Hooksett
Branch, Hooksett to Bow Junction, N. H., 7.59 m.;
Mt. Washington Branch, Wing Road to Base Station,
N. H., 20.17 m.; Hedding Camp Ground Branch, East
Epping to Hedding Camp Ground, 0.78 m.— total,
209.25 miles. 2d track, 34.57 m.; sidings, 128.52
miles. Rail (steel, 314.91 m.), 56 to 100 Ibs.
Consolidation, Sept. 19. 1889, of the Boston,
Concord and Montreal RR. and the Concord RR.
Corporation. The constituent companies retain a
nominal corporate existence so as not to impair the
validity of certain leases amd contracts which cannot
legally pass to the new corporation; and so long as
they continue corporations the Concord and Montreal
RR. is obligated to pay to the Concord RR. Corpora-
tion $500 a year, and to the Boston, Concord and
Montreal RR. $300 a year, for organization expenses.
(See Manual for 1891.) The capital stocks of the
Suncook Valley Extension, the Lake Shore, the Man-
chester and North Weare Extension, the Whitefield
and Jefferson Extension (except 250 shares), the Til-
ton and Belmont, and the Profile and Franconia
Notch RR. Cos. are all owned by the C. & M. RR.,
and their accounts are included in this statement.
On June 29, 1895, the property of this company was
leased to the Boston and Maine RR. Co., for 91
years, from April 1, 1895, the lessee assuming all
liabilities of this company, and agreeing to pay as
rental dividends of 7 p. c. per annum upon its capital
stock, payments to be made quarterly, beginning Oct.
1, 1895. The lease farther provides, that in the event
of the termination of the lease of the Boston and
Lowell RR. to the Boston and Maine RR., the former
shall become entitled to the remaining term of the
lease of the Concord and Montreal RR. (see state-
ment for the Boston and Lowell RR.). Payments
made by lessee during the year ending June 30. 1897.
—Dividends (Oct., 1896; Jan., April & July, 1897 1}
p. c. each), $503,641.25; interest on bonds (on 4 p. c.
bonds, $200,000; on 6 p. c. bonds, $30,000), $230.000;
lease rentals (Concord and Portsmouth RR., $25.000;
Suncook Valley RR., $14,70Q'; Pemigewasset Valley
RR., $32,790; New Boston RR., $2,800), $75,290—
total, $808,931.25.

General Balance Sheet, J»ne 30, 1897.
Cr.

Capital Stock $7.197,600 00

Funded Debt. . '. tf,000.500 00

Dividends and Coupons Unpaid 1,525 00

B. & M., Acct. Man: & Law RR. Suit. . . 650,881 94

B. & M. Lessee, Acct. C. & M. RR 4.264 24

B., C. & M.. Organization Expenses 147 00

Profit and Loss 92,012 35

Total Liabilities $13,946,930 53

Dr.

Construction « $9,424,946 23

Securities Owned 2,453,941 57

Other Permanent Investments 799,88373

Trustees C. & M. RR. 4 p. c. Bonds. . . . 500,000 00
B. & M., Lessee, C. & M. Imp. Aect .. 670.981 25

B. & M. RR., Lease Account 20,215 20

Amer. Casualty Ins. & Sec. Co., Claim. 39,431 98

Pemigewasset Valley RR 1 ,980 64

Profile and Franconia Notch RR 34,656 82

Cash on Hand 893 11

Total Assets $13,946,930 53

At the time of the lease to the B. & M. RR. an
Increase of the capital stock by 12,000 shares was
authorized to provide for improvements. During the
past year 11,853 shares of this stock was issued at
par; also, $198,384 wns received from the snle of
1.194 shares owned by the corporation; making a
total of $1:383.684 received from sales of stock.
This fund was turned ovyr to the lessee to be ex-

pended on improvements to this company's property;
$712,702.75 of it had been disbursed on June 30,
1897, leaving a balance of $670,981.25 in the fund.

"Securities Owned" in the balance sheet consists
of the following: Lake Shore RR., 3,298 shares,
$334,541.20 ; Whitefield and Jefferson RR., 7,643
shares, $789.300; Tilton and Belmont RR., 472
shares, $48,964.79; Pemigewasset Valley RR., 381
shares, $38,100; Prolile and Franconia Notch RR.,
2,000 shares, $298,221. 35; Franklin and Tilton RR.,
1,250 shares, $125,000; Suncook Valley RR., 630 3.5
shares, $63,060; Suncook Valley Extension, 770
shares, $77,000; Mt. Washington RR., 1,099 shares,
$109,900; Fabyan Hotel Co., 1,660 shares. $84,189.05;
New Boston RR.. 240 shares, $24,000; other securi-
ties (3,000 shares Ogdeusburg and Lake Champlain
RR., 1,750 shares Lake Champlain and St. Lawrence
Jet. RR., 640 shares Montreal and Atlantic Ry., -307
shares Winnipiseogoe Steamboat Co., 52 shares
Wells River Bridge Co.. 200 shares Woods ville Aque-
duct Co., 2 shares Winnipesaukee Gas and Electric
Light Co., 34§ shares Pemigewasset Bridge Co., 8
shares Moosilauke Mountain Road, 20 bonds Woods-
ville Aqueduct Co. and $75,000 notes Southeastern
RR. Co.). $205,065.18; Manchester and North Weare
RR.. 2,566 shares, $256,600— total, $2,453,941.57.

"Other Permanent Investments" in the balance
sheet consists of — Nashua, Acton and Boston Rll.,
$299.131.21; Manchester and Keene RR., $308,011.. '13;
Whitefield and Jefferson RR., $2,314.49; Pemigewas-
set Valley Stage Line (4 interest), $1,733.35; Pemige-
wasset House. $23,942.54; Winnipiseogee Steamboat
Co., $37,849.25; Rindge's Wharf, Portsmouth, $51,-
807.72; Mt. Washington Turnpike Co., $162.54; Sun-
cook Valley RR. $26,203.73; Fabyan Hotel Co.,
$49,027.57— total, $799,883.73.

Capital stock is divided into four classes — Class 1,
$800,000, having preference for dividends up to 6
p. c. over Class 4, $5,397,600; Class 2, $540,000, hav-
ing preference for dividends up to 6 p. c. over Class
3, $459,600. Dividends on Classes 1 and 4 are pay-
able from net earnings; on 2 and 3, from savings in
interest under refunding plan. (See Manual for 1896.)
All classes now receive 7 p. c. per annum, under
lease to B. & M. RR.

Funded debt, June 30, 1897: $500 old 6 p. c. bonds,
B., C. & M. RR.; $500,000 B.. C. & M. improvement
intge. 6 p. c. 30-yr. cy. bonds, due July 1, 1911,
interest Jan. and July; and $6.500,000 C. & M. RR.
4 p. c. $1,000 coup, or registered cy. bonds, due June
1, 1920, interest June and Dec. Interest on B., C.
& M. bonds payable at Faneuil Hall Bank; on C. &
M. bonds at Boston Safe Deposit and Trust Co.,
Boston, Mass. The trustee (Boston Safe Deposit and
Trust Co.) holds sufficient ($500,000) of the consols
of 1890 to retire prior lien bonds. Since the close of
the fiscal year $650,000 of 4 p. c. debenture bonds
have been issued to reimburse the B. & M. RR. fo
money paid upon the claim of the Manchester am
Lawrence RR. The bonds are for $1,000 each, in
coupon form, with right of registration as to prin
cipal; dated June 1, 1897, due June 1, 1920, Interest
June and Dec., at the treasurer's office, or at the
Boston Safe Deposit and Trust Co., Boston, Mass
Interest guaranteed by the B. & M. RR. as provided
in the lease. Benj. A. Kimball, Pres.; John F
Webster, Treas. ; Frank S. Streeter, Clerk. Cor-
porate Office, Concord, N. H.

LINES LEASED OB OWNED BY CONCORD AND MONTREAL
RR. Co. AND OPERATED BY THE BOSTON AND MAINE
RR. UNDER THE LEASE or JUNE 29, 1895.

CONCORD AND PORTSMOUTH RR.— Ports-
mouth to Manchester, N. H.. 40.40 m. ; total track
(steel, 43.81 m.), 54.25 miles. (For history, see
Manual for 1888.) Leased in 1861 for 99 years to
the Concord RR. Co.. at 7 p. c. on $350.000 stock
and $500 for organization. John J. Pickering, Pres.,
Portsmoutn, N. H.; W. Byron Stearns. Treas., Man-
chester, N. H. ; Wallace Hackett, Clerk, Portsmouth,
N. H. Corporate Office, Manchester, N. H.

FRANKLIN AND TILTON RR.— Tilton to
Franklin Junct., N. H., 5 miles. Incorp. Aujr. 4,
1887; amended, July 30, 1889; road opened Jure 1
1892. Leased Oct. 8, 1895. to the Concord and
Montreal RR. Co., for 91 years from April 1, :896,
at an annual rental of $1. Lease assigned to the
Boston and Maine RR. Financial Statement, June
30, 1897.— Capital stock, $250,000; income balunce,
$4.223— total. $254.223. Contra: Cost of road, etc.,
$250,000; other assets. S4.223. Benj. A. Kimball,
Pres., Concord. N. H.; Frank Proctor, Treas.; ]
ward G. Leach. Sec.. Franklin Falls, N. H. Gene
Office, FrankJln Falls, N. H.

POOR'S MANUAL — BOSTON AND MAINE SYSTEM.

339

MANCHESTER AND NORTH WEARE RR.—
Manchester to Henniker, N. H., 24.50 m. ; total track
(steel, 24.93 m.), 28.27 miles. Chartered June 28,
1858, and purchased at trustee's sale the above road,
which was formerly a part of the Merrimack and
Connecticut Rivers RR. (See Manual for 1891.) The
road is owned by the Concord RR. Co., which has
operated and controlled it since the organization of
the existing corporation. Operated by the B. & M.
KR. under the lease of the C. & M. RR. During
the year 1893 the line from North Weare to Hen-
niker, 5.74 m., was rebuilt. Capital stock, repre-
senting cost of road, etc., $256,600. Benj. A. Kim-
ball, Pres. ; John F. Webster, Treas., Concord, N. H.;
Edwin F. Jones, Clerk,. Manchester, N. H. Cor-
porate Office, Manchester, N. H.

NASHUA, ACTON AND BOSTON RR.— Nashua,
N. H., to Acton, Mass., 20.12 m.; total track (steel,
20.36 m.), 24.21 miles. Chartered April 10, 1871;
opened July 1, 1873. Controlled by the Concord and
Montreal RR. Co. Operated by the B. & M. RR.
under the lease of the C. & M. RR. (See Manual
for 1896, p. 417.) Financial Statement, June 30,
1897.— Capital stock, $500,000; funded debt, 1st mtge.
6 p. c. 20-yr. bonds, due Oct. 1, 1894, interest April
and Oct.. at the office of Fitchburg RR. Co.,
Boston, $500,000; unfunded debt — coupons and notes
payable, $709,983— total, $1,709,983. Contra: Cost of
road, $1,057,031; cash and cash assets, $6,257; profit
and loss, $646.694. Benj. A. Kimball, Pres.; John
F. Webster, Treas. & Clerk, Concord, N. H. Cor-
porate Office, Concord, N. H.

NEW BOSTON RR.— Parker's Station, In Goffs-
town, N. H., to New Boston, N. H., 5.19 m.; total
track (steel. 5.37 m.), 5.98 miles. Gauge, 4 ft. 8i In.
Rail, 56 and 60 Ibs. Chartered Feb. 19, 1891 ; opened
June 26, 1893. Leased June 21, 1893, for 99 years,
to the Concord and Montreal RR. Co.; annual rental,
4 p. c. on $70,000 capital sto,ck; dividends, Jan. and
July, by check from C. & M. RR. Operated by the
B. & M. RR. under the lease of the C. & M. RR.
Financial Statement, June 30, 1897.— Capital stock,
$84,000, representing cost, etc. George A. Wason,
Pres., New Boston N. H.; John F. Webster, Treas.;
Edward H. Wason, Clerk, Nashua, N. H. General
Office. Concord, N. H.

PEMIGEWASSET VALLEY RR.— North Wood-
stock to Lincoln, N. H., 22.93 m.; total track (steel.
23.67 m.), 30.64 miles. Gauge, 4 't. 8} in. Rail, 56
Ibs. Chartered July 9, 1874; road opened March 1,
1883. Leased till Feb. 1, 1982, to the C. & M. RR.
Co. (See Manual for 1890, page 12.) Rental, 6 p. c.
on stock and $300 for organization expenses. Oper-
ated by the B. & M. RR. under the lease of the C. &
M. RR. Surveys made for an extension from Wood-
stock to Flume House, about 3 m., but no construction
work done. Financial Statement. June 30, 1897. —
Capital stock (auth., $2,000,000), $541,500; profit and
loss, $305— total, $541,805. Contra: Cost of road, etc.,
$541,262; other assets, $543— total, $541,805. BonJ.
A. Kimball, Pres., Concord, N. H., John F. Web-
ster, Treas.; Geo. H. Adams, Clerk, Plymouth, N. H.
Principal Office, Concord, N. H.

SUNCOOK VALLEY RR.— Suncook to Pittsfield,
17.41 m.; sidings, 3.43 miles. Rail (steel, 17.41 m.),
67 Ibs. Chartered July 1, 1863; road opened In 1869.
Leased Jan., 1870, for 42 years, at 6 p. c. on $240,-
000 stock and $300 for organization. During the fiscal
year 1889-90, the Suncook Valley Extension, from
Pittsfield to Centre Barnstead, 4.46 m., was built
and purchased by the Concord and Montreal RR. Co.
Income, year ending Jun« 30, 1897, $14,700. Organi-
zation expenses, $316; dividends (6 p. c.), $14,400—
total, $14,716. Deficit, $16. Capital stock, $341,700;
contribution, $8,696; income balance. $402— total,
$350,798. Contra: Cost of road, etc., $348,199; cash,
$2,599— total, $350,798. Hiram A. Tuttle, Pres.,
Pittsfield, N. H.; Walter M. Parker, Treas.; N. P.
Hunt. Clerk, Manchester, N. H. Corporate Office,
Manchester, N. H.

TILTON AND BELMONT RR.— Belmont June,
to Belmont, N. H., 4.17 miles. Chartered Sept. 7,
1883, and road built in 1889. Owned and operated by
the Concord and Montreal RR. Co. Capital stock,
$47,200. B. A. Kimball, Pres.; H. M. Cavis, Clerk
and Treas., Concord, N. H. Corporate Office, Con-
cord, N. H.

WHITEFIELD AND JEFFERSON RR.— White-
field to Berlin, 33.69 m.; sidings, spurs, etc., 10.75
miles. Rail (steel, 39.97 m..), 50 and 56 Ibs. Chartered
July 11, 1878; road opened in July, 1879, and Jun«,
1893. Stock all owned (except 250 shares) by the
Concord and Montreal RR. Co. Operated by the B. &
M. RR. under the lease of the C. & M. RR. Capital
stock ($100 shares), $785,600; income balance, $121—
total, $785,721. Contra: Cost of road, etc., $785,600;

cash, $121. Nathan R. Perkins, Pres.; John F.
Webster, Treas. and Clerk, Concord, N. H. General
Office, Concord, N. H.

Connecticut River RR.— Springfield, Mass.,
to Keene, N. H., 74 m.; branches — Chicopee to
Chlcopee Falls, 2.35 m. ; Mount Tom to Easthauipton,
3.50 m.— total, 79.85 m. ; 2d track, 36 m. ; sidings,
55.43 m.— total track (steel, 167.36 m.), 171.28 miles.
Gauge, 4 ft. 8* in. Rail, 56 to 72 Ibs. Consolidation,
Feb. 9, 1890, of the Connecticut River and the Ashue-
lot RR. Cos. (See Manual for 1890, page 22.) Leased
to the Boston and Maine RR., Jan. 1, 1893, for 99
years; rental, 10 p. c. per annum ($258,000), payable
J. & J., on company's stock, and 4 p. c. per annum
on $1,290,000 scrip, which was issued about the time
of lease in the nature of a stock dividend. The scrip
is redeemable In 10 years, in cash or bonds, at option
of lessor. Lessee pays all taxes, operating expenses,
etc., but lessor shall issue Its bonds or stock to
meet cost of permanent improvements. Financial
Statement, June 30, 1897.— Capital stock (par, $100),
$2,580,000; funded debt, $2,290,000; coupons unpaid,
$26,665; accounts payable, $1,205— total, $4,897,870.
Contra: Cost of property, $3,491,255; stocks and in-
vestments, $601.563; cash, $27.870; accounts, $484.-
493 ; profit and loss, $292.689— total, $4,897,870.
Funded debt consists of $1.290,000 4 p. c. 10-yr.
bond scrip, Issued Jan. 1, 1893, interest Jan. and
July; and $1,000,000 4 p. c. 50-yr. gold bonds, Issued
Sept. 1, 1893, to pay off floating debt, Interest March
and Sept. Interest payable at Springfield. Mass.
William Whiting, Pres.; Geo. E. Frink, Treas. &
Clerk. Corporate Office, Springfield, Mass.

Danvers RR.— Wakefield June, to Danvers,
Mass., 9.26 m.; total track (steel; 60 to 75 Ibs.),
11.07 miles. Chartered March 15, 1852; road opened
May 10, 1854; leased May 30, 1853, for 100 years, to
Boston and Maine RR., the lessee guaranteeing
6 p. c. on $125,000 bonds, now owned by itself. No
account of the interest is made In the books of either
company. Capital stock (par, $100), $67,500; funded
debt (coup. 6 p. c. bonds, issued March 1, 1855, due
March 1, 1875), $125,000; unfunded debt, $25,000;
profit and loss, $22,178 — total, representing cost of
road, etc., $239.678. Lucius Tuttle, Pres.; Amos
Blanchard, Treas.; Win. J. Hobbs, Aud. ; Sigourney
Butler, Clerk, Boston, Mass. Corporate Office, Bos-
ton, Mass.

Eastern RR. In Xevr Hampshire.— Ports-
mouth, N. H., to Seabrook, N. H. (Mass. Line), 16.08
m.; 2d track, 5.94 m.; sidings, 9.31 miles. Rail
(steel, 28.03 m.). 56 to 63 Ibs. Chartered June 18,
1836; road opened Nov. 9, 1840. Leased to the B. &
M. RR. for 60 years and 2 months, from Oct. 1, 1878,
at a rental of $22,500 per annum, being 3 p. c. on the
present share capital. (See Manual for 1891.) Capi-
tal stock (par, $100) authorized. $750,000; issued,
$738,750. Cost of road, $780,535. Moody Currier,
Pres., Manchester, N. H.; Samuel C. Eastman,
Treas.; Harry M. Cavis, Clerk (pro tern.), Concord,
N. H. General Office, Concord, N. H.

Kennebnnk and Kennebnnkport RR.
—In Kennebunk, Me., from Boston and Maine RR. to
Kennebunk River, 4.50 m. ; sidings, 0.90 mile. Or-
ganized Aug. 16, 1882; road opened June 18, 1883.
Leased from completion, for 99 years, to the Boston
and Maine RR. Rental, 4} p. c. annual dividends on
$65,000 capital stock, which represents the total cost
of road and real estate. Edward P. Burnham, Pres.,
Saco, Me.; Joseph A. Titcomb, Treas.; W. L. Dana,
Clerk, Kennebunk, Me. General Office, Kennebunk-
port, Me.

Lowell and Andover RR.— Lowell to Lowell
June., 8.73 m.; branches in Lowell, 1.37 m.— total,
10.10 m.; 2d track, 8.73 m.; sidings, 4.99 miles. Rail
(steel, 21.72 m.). 72 Ibs. Chartered Feb. 5, 1873;
road opened In Dec., 1874; leased for 99 years, from
Dec. 1, 1874, at an annual rental of $52,500. Rental
year ending June 30, 1897, $52,500; other income, $2
— total, $52,502. Paid expenses and taxes, $146;
dividends (8 p. c.). $50.000— total, $50,146. Surplus.
$2,356. Capital stock (par, $100). $625,000; profit and
loss, $145,922— total, $770,922. Contra: Cost of road,
$767,050; other assets, $3,872— total, $770,922.
Frederick Ayer, Pres.; Austin K. Chadwick, Sec. &
Treas., Lowell, Mass. Corporate Office, Lowell, Mass.

Manchester and Lawrence RR.— Man-
chester. N. H., to Massachusetts line, 22.39 m. ;
sidings, etc., 8.91 miles. Rail (steel. 27.86 m.), 60
to 75 Ibs. Locomotive, 1. Cars — passenger and bag-
gage, 5; freight, 55— total, 6O. Chartered June 30,
1847; road opened Nov. 13, 1849. Leased for 50 years,
from June 1, 1887, to the Boston and Maine RR.,
yearly rental being interest on l>onds, 10 p. c. divi-
dends on stock, and $2,000 for organization expenses.
Financial Statement, March 31, 1898.— Capital stock

340

POOR'S MANUAL OP RAILROADS — RAILROAD "SYSTEMS.'

(par, $100), $1,000,000; funded debt, real estate 4
p. c. 30-yr. cy., not mtge., bonds, due Jan. 1, 1922,
Interest Jan. and July, $274,000; interest, $54,261.24;
diTidends unpaid, $6,714.50; for dividend payable in
May, $50,000; organization, $2,405.56; Income and
expense, $133,265.09— total, $1,520,646.39. Contra:
Construction, $1,000,000; telegraph, $4,770.35; real
estate, $274,298.53; taxes, $8,797.50; cash and other
assets, $210,440.01; stocks owned, $22,340; cash,
$58,395.05— total, $1,520,646.39. The bonds were is-
sued to pay for land at Manchester, to be used for
terminal purposes. Interest is guaranteed by the
lessee, and payable at its Treasurer's office. Charles
A. Sinclair, Pres., Portsmouth, N. H.; Henry
Chandler, Treas., Manchester, N. H. General Office,
Manchester, N. H.

Newburyport RR.— Bradford to Newburyport,
and Georgetown to Danvers, 26.98 m.— total track,
31.10 miles. Rail (steel, 29.27 m.), 60 and 75 Ibs.
Consol., Feb. 22, 1855, of the Newburyport and the
Danvers and Georgetown RRs.; the former opened In

1851, the latter in 1854. Leased to the B. & M. RR.
for 100 years from Feb. 21, 1860, the rental being 6
p. c. on $300,000 bonds, all of which are owned by the
lessee. Capital stock, $220,340; funded debt. $300,-
000; profit and loss, $77,046— total, representing cost
of road, $597,386. The outstanding 6 p. c. mtge.
bonds, all of which are owned by the lessee, and for
which the liability of this company at the termina-
tion of the lease Is, as per contract, $300,000, are as
follows: $3,900 dated Nov. 15, 1849, due Nov. 15,

1852, interest M. & N.; $30,200 dated Oct. 16, 1851,
due Oct. 16, 1854, interest A. & O.; $113,100 dated
Dec. 15, 1852, due Dec. 15, 1857, interest J. & D. ;
$298,600 dated March 1, 1855, due March 1. 1870,
interest M. & S.— total, $445,800. Lucius Tuttle,
Pres.; A. Blanchard, Treas.; Wm. J. Hobbs, Audi-
tor; Sigourney Butler, Clerk, Boston, Mass. General
Office, Boston, Mass.

Newport and Rlchford RR.— Newport, Vt.,
to Canada Line, 22 m.; total track, 24 miles. Rail
(steel), 60 and 72 Ibs. Formerly the Missisquoi and
Clyde RR., which was sold in 1880, and reorganized
under present name. The road is mainly owned by
the C. & P. Rs. RR. Co., which Issued In payment
for It $350,000 5 p. c. 30-yr. $1,000 bonds, due 1911,
secured by a mortgage on the property. Trustees of
bonds: Warren K. Blodgett, Francis A. Peters.
Interest payable Jan. and July, at office of Treasurer
of C. & P. R. RR. in Boston. Capital stock (par,
$50), $350,000. Cost of road, $700,000. Operated by
the Canadian Pacific Ry. Co., through its lease of
the Southeastern Ry. Amos Barnes, Pres., Boston,
Mass. ; H. E. Folsom, Treas. & Clerk, Lyndonville, Vt.

Northern RR.— Concord, N. H., to White
River June., Vt., 69.50 miles. Bristol Branch-
Franklin (19 m. N. W. Concord) to Bristol, N. H.,
13.41 m.— total, 82.91 m.; sidings, etc., 32.93 miles.
Gauge, 4 ft. 8i in. Rail (steel. 101.99 m.), 65, 72, and
80 Ibs. Chartered Dec. 27,1844; road opened Nov. 29,
1847. The Franklin and Bristol RR. was acquired by
consolidation Jan. 31, 1849. (For Interest in Concord
and Claremont and Peterborough and Hillsborough
RRs., see appended statements. See also Manual
for 1890.) Leased for 99 years from Jan. 1, 1890,
to the Boston and Lowell RR. Co., and lease as-
signed to the Boston and Maine RR. ; rental, 5 p. c.
on stock for 7J years and <5 p. c. thereafter. Income
Account, year ending April 30, 1898. — Received from
Boston and Maine RR., as per contract, $181,433;
Income of contingent fund, $2,470; balance drawn
from contingent fund, $95,556— total, $279,459. Pay-
ments: Expenses, $3,303; dividends (9 p. c.), $276.-
156— total, $279.459. Amount of contingent fund.
May 1, 1897, $105.014; drawn as above, $95,556;
amount of fund May 1, 1898, $9,458. Financial
Statement, April 30, 1898.— Capital stock (par, $100),
$3,068.400; unclaimed dividends, $2.862; contingent
fund, $9,458— total, $3,080,720. Contra: Cost of road.
$3.068.400; cost 35 shares common and 35 shares
preferred stock. No. Pac. RR., $2,135; cash, $10,042;
bills receivable, $143— total, $3,080,720. Alvah W.
Sulloway, Pres., Franklin, N. H.; George U. Crocker,
Treas., Boston, Mass.; Henry W. Stevens, Sec.,
Concord, N. H. General Office, 19 Milk Street, Bos-
ton, Mass.

PROPRIETARY LINES OP THE NORTHERN RR. Co.

CONCORD AND CLAREMONT (N. H.) RR.—
Concord, N. H., to Claremont June., N. H., 66.3 m.
Hillsborough Branch: Contoocookville to Hillsborough
Bridge, 14.6 m.— total. 70.90 m.; sidings, etc., 14.52
toiles. Rail (steel. 73.85 m.). 62 Ibs. Consolidation
(Oct. 31. 1873) of the Merrimac and Connecticut
Elvers, the Sugar River and the Contoocook River

RRs. Controlled by the Northern RR. Co., which
owns its capital stock substantially, and also owns
$254.245.72 of its floating debt. Operated since Jan.
1, 1888, by the Boston and Maine RR. Locomotive,
1. Cars— pasenger, 2; baggage, etc., 3; freight, 63—
total, 68. Rental, year ending June 30, 1897, $22,-
600. Interest on bonds accrued, $22,500. Financial
Statement, June 30, 1897.— Capital stock, $412,400;
funded debt (1st mtge. 4i p. c. 20-yr. $1,000 gold
bonds, due Jan. 1, 1914, interest Jan. and July),
$500,000; unfunded debt, $254,246— total, $1,166,646.
Contra: Cost of road, $1,131,206; profit and loss,
$35,439— total, $1,166,646. Trustees of bonds: Lucius
Tuttle, Samuel C. Lawrence, and Josiah H. Benton,
Jr. Officers: Alvah W. Sulloway, Pres., Franklin,
N. H.; George U. Crocker, Treas., Boston, Mass.;
F. N. Parsons, Sec,, Franklin, N. H. Principal
Office, Concord, N. H.

PETERBOROUGH AND HILLSBOROUGH RR.
—Peterborough, N. H., to Hillsborough Bridge, N. H.,
18.51 m.; sidings, etc., 2.64 miles. Rail, 60 Ibs.
Chartered July 7, 1869; road completed July 5, 1878.
Operated under contract since Jan. 1, 1888, by the
Boston and Maine RR., for $4,500 per annum. In-
terest on 1st mtge. bonds guaranteed under the lease
of the Northern RR. Co. to the B. & M. RR. No
interest paid on 2d mtge. bonds, the entire issue
being owned by the Northern RR. Co. Financial
Statement, June 30, 1897.— Capital stock, $45,000;
funded debt (1st mtge. 4i p. c. 20-yr. bonds, due
July 1, 1917, interest Jan. and July, $100,000; 2d
mtge. 6} p. c. 30-yr. bonds, due April 30, 1897, In-
terest May and Nov., $65,000), $165,000; gratuity,
$8.626; coupons accrued and unpaid, $112,181— total,
$330,807. Contra: Construction, $209,298; Northern
RR., $925; profit and loss, $120,584— total, $330,807.
The old 1st mtge. bonds were paid off July 1, 1897,
and the present 1st mtge. bonds issued in place
of them. The stock and the 2d mtge. bonds are
owned by the Northern RR. Co. Alvah W. Sullo-
way, Pres. ; Walter D. Hardy, Clerk, Franklin
N. H. ; George U. Crocker, Treas., Boston, Mass.
General Office, 19 Milk St., Boston, Mass.

Portland. Saco and Portsmouth RR.—
N. H. State Line to Portland, Me., 50.76 m.; total
track (steel; 60 to 80 Ibs.), 69.84 miles. Chartered
in 1837; road opened Nov. 21, 1842. Leased in per-
petuity to the B. & M. RR. Co., at 6 p. c. per annum
on the share capital. Paid dividends in 1897 (Jan.
15 and July 15, each 3 p. c.), $90,000. Capital stock,
representing cost of road, etc., $1,600,000. Samuel
0. Lawrence, Pres., Medford, Mass.; Lucius Tuttle,
Vice-Pres.; Amos Blanchard, Treas., Boston, Mass.;
F. R. Barrett, Clerk, Portland, Me. General Office,
Boston, Mass.

Portsmouth and Dover RR.— Portsmouth,
N. H., to Dover, N. H., 10.88 m.; sidings, etc., 2.09
miles. Chartered July 7, 1866; road opened Feb. 1,
1874; leased on Its completion to the Eastern RR. In
New Hampshire, and guaranteed by the B. & M.
RR. for 50 years at an annual rental of 6 p. c. on
$769,000 capital stock. Frank Jones, Pres.; A. F.
Howard, Treas.; Calvin Page, Clerk. Corporate
Office, Portsmouth, N. H.

Worcester, Nashua and Rochester RR.
— Worcester, Mass., to Rochester, N. H., 94.48 m. ;
2d track, 18.13 m.; sidings, 44.75 miles. Rail (steel,
143.80 m.), 58 to 60 Ibs. Consolidation, Dec. 1, 1883,
of the Worcester and Nashua and the Nashua and
Rochester RR. Cos. (See Manual for 1885.) Leased
to the Boston and Maine RR., Oct. 30, 1885, for 50
years, from Jan. 1, 1886, at an annual rental of
$250.000 (and all taxes), payable Jan. and July.
Rental, year ending June 30, 1897. $250,000. Ex-
penses, $2,493; interest on bonds, $71.040; on debt,
$8.5O6; dividends (Jan.. 2} p. c.; July. 2J p. c.),
$153,220— total. $232.766. Surplus, $14,741. Capital
stock (par, $100). $3.099.800: funded debt, $1,776.000;
unfunded debt, $160,000; matured coupons, $3,140 —
total, $5,038,940. Contra: Cost of road and equip-
ment, $4,553,921 ; stocks and other investments,
$35,300; cash, $14,332; profit and loss, $435,387—
total, $5,038,940.

The funded debt consisted, June 30, 1897, of—
$150,000 1st 20-yr. cy. 4s, due Jan. 1, 1906, int. J. & J.

735,000 1st 40-yr. cy. 4s, due Jan. 1, 1930, Int. J. & J.

511,000 1st 20-yr. cy. 4s, due Jan. 1, 1913, int. J. & J.

380,000 1st 40-yr. cy. 4s, due 1934, int. Apr. & Oct.
Interest is payable at the Globe National Bank,
Boston, Mass. Trustees of bonds: Stephen Salisbury,
J. Edwin Smith, Edward L. Davis. Worcester. Mass.;
Charles Holman, Nashua, N. H. Elijah B. Stoddard,
Pres.; T. W. Hammond, Treas.; Edward D. Stoddard.
Clerk & Asst. Treas. Corporate Office, Worcester,
Mass.

POOR'S MANUAL— BOSTON" AND MAINE SYSTEM. 341

Board of Directors, Boston and Maine RR., elected Oct. 13, 1897.

LewisC. Ledyard New York, N. Y.

Henry M. Whitney. . .Brookline, Mass.
Henry F. Dimock. . .New York, N. Y.
William Whiting Holyoke, Mass.

Lucius Tattle Boston, Mass.

Samuel C. Lawrence.Medford.Mass.

Joseph S. Kicker Portland, Me.

Richard Olney Boston, Mass.

A. W. Sulloway . . . .Franklin, N. H.

Joseph H. White.. Brookline, Mass.
Walter Hunnewell. Wellesley,Mass.
Henry R. Reed Boston, Mass.

John A. Hall.. Springfield, Mass. | Two Vacancies.

Lucius TUTTLE, President Boston, Mass.

1st V.-P. & Gen. Mar. — T. A. Mackinnon. Boston, Mass. I Treasurer— Amos Blan chard Boston, Mass.

2d V.-P. & Gfen. Tr. Mgr.—W. F. Berry. " " | General Auditor— William J. Hobbs "

Clerk— Sigourney Butler Boston, Mass.

PRINCIPAL OFFICE AND ADDRESS Causeway Street, Boston, Mass.

BOSTON AND MAINE SYSTEM.— SULLIVAN COUNTY RR.

Line of Road.— Bellows Falls, Vt., to Windsor, Vt 26 miles.

3d track, 8.68 m. ; sidings, 8.04 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 to 72 Ibs.

History.— Chartered July 10, 1846 ; opened Feb. 5, 1849. Controlled by the Vermont
Valley RR. Co. of 1871 through ownership of entire capital stock ; operated by the Boston
and Maine RR., as agent. (See MANUAL for 1896, page 418.) The track of|the C. V. RR.,
between Connecticut River Bridge and Windsor, 1 m., is used under contract.

Rolling Stock, June 30, 1897.— Locomotives, 9.

Operations, year ending June 30, 1897. — Train mileage — passenger, 74,166; freight,
144,633 ; other, 61,088— total, 279,887 miles. Passengers carried, 165,417 ; carried one mile,
3,341,548 ; average mile rate, 2.358 cents. Tons freight moved, 760,351 ; moved one mile,
19,076,514 ; average ton-mile rate, 0.795 cent.

Earnings— Passenger. ... 178,79448

Freight 151,716 76

Mail and Express 12,354 94

Miscellaneous 1,373 22

Total ($9,393.82 per mile) |244,239 40

Expenses— Conducting Transportation. ..... $63,741 76

Maintenance of Equipment 68,466 31

Roadway and Buildings 36,757 21

General 4.402 44

Total ($6,667.99 per mile) $173,367 72

Net earnings (29.02 p. c.), $70,871.68 ; add rent receipts, $581.57— total, $71,453.25.
Payments : Interest on bonds, $14,280 ; track rentals, $5,600.04 ; dividends on stock (8 p. c.),
$40,000 ; taxes, $11,530.52— total, $71,410.56. Surplus, $42.69 ; surplus forward, $130,922.55

—total, $130,965.24.

General Balance Sheet, June 30, 1897.

Cost of Road $888,05537

Cost of Rolling Stock 98,175 10

Mill Brook Bridge 11,68870

Boston and Maine RR 22,766 74

Total Assets $1,020,685 91

Capital Stock (par, $100)., .............. $500,000 00

Funded Debt 357,00000

Vermont Valley RR. Co. of 1871 21,150 67

Appropriation for Windsor Bridge 8,000 00

Accrued Interest not yet Due 3,570 00

Profit and Loss 130,965 24

Total Liabilities $1,020,685 91

Funded debt consists of ($400,000 auth.) 1st mtge. 4 p. c. $1,000 coupon bonds, issued March 31, 1894,
due April 1, 1924, interest April 1 and Oct. 1, at office of trustee, Boston Safe Deposit and Trust Co., Boston,

Mass.

Directors (elected May 27, 1897).— J. H. Albin, N. E. Martin, Concord, N. H. ; J. H.
Williams, Bellows Falls, Vt. ; C. J. Amidon, Hinsdale, N. H. ; Geo. H. Stowell, Claremont,
N. H.; Geo. W. Abbott, Penacook, N. H.; Geo. E. Anderson, Nashua, N. H.

JOHN H. ALBIN, President Concord, N. H.

Treasurer— TX. E. Martin Concord, N. H. I General Auditor— Wm. J. Hobbs Boston, Mass.

Asst. Treas.—Amos Blanchard Boston, Mass. | Clerk— E.. A. Albin Concord, N. H.

OPERATING OFFICE Boston, Mass.

Corporate Office Concord, N. H.

BOSTON AND MAINE SYSTEM.— VERMONT VALLEY RR. CO. OF 1871.

Line of Road.— Bellows Falls, Vt., to Brattleboro', Vt 24 miles.

Sidings, etc., 5.68 miles. Gauge, 4 ft. 8* in. Rail (steel, 29.68 m.), 56 to 72 Ibs.

History.— Vermont Valley RR. Co. chartered Nov. 8, 1848, and road opened in 1851.
Came into possession of the present company on April 5, 1877. Controlled in the interest ot
the Connecticut River RR. Co., and operated by the Boston and Maine RR., as agent. (See
MANUAL for 1896, p. 419.) This company controls the Sullivan County RR. (See preceding
statement ; also MANUAL for 1891, p. 560.)

342 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Rolling Stock, June 30, 1897. — Locomotives, 8. Cars — passenger, 4; baggage, etc., 1 ;
freight (box, 17 ; flat, 2), 19 ; caboose, 3 ; tool, 1 ; derrick, 1 ; snow-plough, 1 — total, 30.

Operations, year ending June 30, 1897. — Train mileage — passenger, 68,160 ; freight,
78,591 ; other, 35,985— total, 182,736 miles. Passengers carried, 148,341 ; carried one mile,
3,065,256 ; average mile rate, 2.348 cents. Tons freight moved, 521,240 ; moved one mile,
12,337,991 ; average ton-mile rate, 0.930 cent.

Earnings— Passenger $71,985 25

Freight 114,785 95

Mail and Express 11,612 04

Miscellaneous 1,038 90

Total ($8,309.26 per mile) $199,422 14

Expenses— Conducting Transportation. ..... $44,808 71

Maintenance of Equipment 62,378 98

Roadway and Buildings 21,731 4o

General 4,00010

Total ($5,538.68 per mile) $132,928 30

Net earnings (33.34 p. c.), $66,493.84 ; add rents of lands, etc., $1,743.55 ; dividends on
S. C. RR. Co. stock, $40,000— total, $108,237.39. Payments : Interest on bonds, $40,000 ;
sundry track rentals, $2,499.92 ; dividends (Jan. 1 and July 1, 3 p. c. each), $60,000 ; taxes,
$5,066.29— total, $107,566.21. Surplus, $671.18; surplus forward, $99,336.19— total, $100,
007.37.

General Balance Sheet, June 30, 1897.

Cost of Road and Real Estate $981,561 47

Cost of Rolling Stock 96,080 27

St'k of Sullivan Co. RR. Co., 5,000 shares 800,000 00

Boston and Maine RR 43,214 96

Sullivan Co. RR. Co 21,150 67

Total Assets $1,942,007 37

Common Stock ($50 shares) ,,,,,,$1,000,00000

Funded Debt 800,000 00

Dividend No. 36, due July 1, 1897 30,000 00

Appropriation for Equipment 12,00000

Profit and Loss 100.007 37

Total Liabilities $1,942,007 37

Funded debt consists of 1st mtge. 5 p. c. 30-yr. $1,000 coupon bonds, dated Oct. 1, 1880, interest April
and Oct., at office of trustee, Boston Safe Deposit and Trust Co., Boston, Mass. The bonds were issued for
the purchase of the Sullivan County RR., and are additionally secured by deposit with the trustees of the
capital stock of that company. The dividend declared on this stock pays the interest on the bonds.

Directors (elected Oct. 6, 1897).— Hugh Henry, Chester, Vt. ; James H. Williams, Bel-
lows Falls, Vt.; H. E. Folsom, Lyndonville, Vt.; John H. Albin, Concord, N. H.; H. B. Viall,
Keene, N. H.; C. J. Amidon, Hinsdale, N. H.; Wm. A. Lord, Montpelier, Vt.

JAKES H. WILLIAMS, President Bellows Falls, Vt.

Cltrk <t Treas.— John H. Williams. . .Bellows Falls, Vt.
Astt. Treas. — Amos Blanchard Boston, Mass.

Gen. Auditor— Wm. J. Hobbs Boston, Mass.

Gen. Truffle Man.--Wm. F. Berry "

OPKKATING OFFICE Boston, Mass.

Corporate Office Bellows Falls, Vt.

BOSTON AND MAINE SYSTEM.— YORK HARBOR AND BEACH RR. CO.

Line of Road. — Kittery to York Beach, Me 11.27 miles'

Sidings, 1.10 miles. Gauge, 4 ft. 8£ in. Rail (steel, 11.52 m.), 60 Ibs.

History. — Organized in 1886 ; opened Aug. 8, 1887. The equipment 5s hired from the
Boston and Maine RR. The road was not operated from Jan. 1 to April 1, 1898.

Operations, year ending June 30, 1897. — Train mileage — passenger, 18,852 ; freight, 6,-
284 ; other, 2,669— total, 27,805 miles. Passengers carried, 89,772 ; carried one mile, 706,256.
Tons freight moved, 10,992 ; moved one mile, 88,960. Earnings — passenger, $25,871.11 ;
freight, $8,952.02 ; mail and express, $1,502.89 ; other, $130.68— total, $36,456.70. Operat-
ing expenses, $25,688.88. Net earnings, $10,767.82 ; other receipts, $1,088.97— total, $11,-
856.79. Paid dividends (4 p. c., Jan. 1, 1897), $12,000; taxes, $521.49— total, $12,521.49. Defi-
cit, $664.70. Surplus forward, $22,720.02 ; net surplus, $22,055.32.

Financial Statement, June 30, 1897.— Capital stock (par, $50), $300,000 ; unpaid divi-
dends, $8; surplus, $22,055.32— total, $322,063.32. Contra: Cost of road, $300,000; bills
receivable, $20,000 ; accounts, $901.58 ; cash, $1,161.74— total, $322,063.32. The Boston and
Maine RR. owns $248,550 of the capital stock.

Directors (elected Oct. 27, 1897).— Frank Jones, Portsmouth, N. H. ; Jos. S. Ricker,
Deering, Me.; S. C. Lawrence, Medford, Mass.; J. E. Staples, H. E. Evans, York Village, Me.;
E. S. Marshall, York Harbor, Me.; Lucius Tattle, Boston, Mass.

Lucius TUTTLE, President Boston, Mass.

Treasurer— Amos Blanchard Boston. Mass. | Clerk— S. W. Junkins York Corner, Me.

Auditor--Wm. J. Hobbs Boston, Mass.

PBINCIPAL OFFICE Boston, Mass.

POOR'S MANUAL — CENTRAL OF GEORGIA RY. CO. 343

CENTRAL OF GEORGIA RAILWAY COMPANY.

(For map of this system see page 345.)
Main Line of Road.— Savannah, Ga., to Atlanta, Ga 294. 73 miles.

Branches and Feeders owned :

Gordon. Ga., to Covington, Ga 81.89 m.

Griffin. Ga., to Carrollton, Ga 59.57m

Jnnc. near Macon to Athens, Ga 101.78 m.

Americus, Ga., to Columbus, Ga 62.34 m.

Columbus, Ga., to Birmingham, Ala 156.34 m.

Eufaula to Montgomery, Ala 79-65 m.

Enfanla to Ozark, Ala 60.00 m.

Meldrim, Ga., to Lyons, Ga. 58.09 m.

Savannah, Ga., to Tybee, Ga. 17.70 m.
Co'bus to Greenv., Ga. (n. g.) 49.51 m.
Co'bus, Ga., to Searight, Ala.122.01 m.
Opelika.Ala., to Ro'oke,Ala. 36.12 m. — 885.00

Leased \ Southwestern Hit. (see statement on page 34?) 332.61 m.

Line*: "j Augusta and Savannah RR.: Augusta, Ga., to Millen, Ga. 53.21 m. — 385.82
Operated : Upson County MS.: Baruesville, Ga., to Thomaston, Ga , . . . 16.25

Total length of lines (owned, 1,179.73 miles), June 30, 1897 1,581.80 miles.

2d track, 2.73m.; sidings (owned, 194.51m.; leased, 66.36m.; operated, 0.49 m.), 26 1.36 miles.
Gauges, 4ft. 9 in. and (Greenville Branch, 49.51 m.) 3 ft. Rail— iron, 30 to 56 Ibs. ; steel
(owned, 1,082.01 m. ; leased, 380.21 m. ; operated, 0.62 m.), 40 to 75 Ibs.

Tlie branch from Meldrim to Lyons, Ga., 58.09m., was leased in perpetuity, April 1,
1896, to the Georgia and Alabama Ry. Co., for a rental of $43,500 per annum; deducting which
leaves mileage operated in the system, 1,523.71.

History. — Chartered Oct. 17, 1895, and succeeded to the properties of the Central RR. and
Banking Co. of Ga., the Savannah and Atlantic Ry. Co., the Macon and Northern Ry. Co.,
the Savannah and Western RR. Co., the Montgomery and Eufaula Ry. Co. and the Mobile
and Girard RR. Co. (See MANUAL for 1896, page 420.) On Jan. 1, 1897, the Middle Georgia
and Atlantic Ry., from Milledgeville to Covington, Ga., 64.57 m., including what was formerly
known as the Eatonton Branch RR., from Milledgeville to Eatonton, 21 m., was purchased.

Rolling Stock, June 30, 1897. — Locomotives (s. g., 207 ; n. g., 3), 210. Cars — passenger,
120 ; sleeping, 12 ; chair, 2 ; combination, 21 ; baggage, mail and express, 51 ; -officers', 6 ;
freight (box, 655 ; ventilated box, 2,106 ; flat, 1,128 ; stock, 45 ; coal, 998), 4,932 ; caboose,
104 ; work and service, 125 — total cars, 5,373.

Operations, year ending June 30, 1897. — See comparative statement on page 346.

Earnings— Passenger $1,139,152 30

Freight 3,521,867 30

Mail and Express 234,351 69

Miscellaneous 385,324 67

Total ($3,540.72 per mile) $5,280,695 96

Expenses— Conducting Transportation $1,741,786 15

Maintenance of Equipment 488,312 66

Maint. Way and Structures 810,709 40

General and Taxes ($180,968.61) 411,754 19

Total ($2,314.95 per mile) $3,452,562 40

Net earnings (34.62 p. c.), $1,828,133.56 ; add income from investments, including steam-
ships, $286,307.45 ; rental of Lyons Branch, $43,500— to'al, $2,157,941.01. Payments : In-
terest on bonds, $1,523,900 ; annuity city of Macon, $3,333.32 ; rentals, $310,700 ; miscellane-
ras interest, $4,043.97— total, $1,841,977.29. Surplus for year, $315,963.72 ; surplus for-
ward, $60,853.56 — total, $376,817.28. Deductions : Interest on 1st preference income bonds
p. c., paid Oct. 1, 1896), $60,000 ; balance paid in liquidation of sundry receivers' and pur-
jhasers' accounts, $71,163.85 ; paid for taxes accrued prior to Jan. 1, 1896, $146,278.53 — total,
$77,442.38. Balance to credit, June 30, 1897, $99,374.90.

General Balance Sheet, June 30, 1897.

post of Roadway and Property $42,116,663 82

post of Equipment 3,522,349 28

nrestments (see below) 5,326,77907

JSquipment Lease, Acct. M. G. & A. Ry. 8,389 73

Jeferred Assets 15,123 49

/ash on Hand and in Transit 207,518 07

hie from Agents and Others 622,213 05

Total Assets $51,819,036 51

Capital Stock $5,000,000 00

Funded Debt 45,801,000 00

Deferred Liabilities 38,509 29

Bills Payable 7,414 18

Interest and Rentals Accrued, not Due.. 328,033 32

Taxes Accrued, not Due 90,667 84

Interest and Rentals Due and Unpaid. . . 74,690 19

Vouchers, Pay Rolls, etc., etc 323,754 17

Current Accounts and Balances 55,592 62

Profit and Loss 99,374 90

Total Liabilities $51,819,036 51

Investments: Stocks pledged under collateral trust bonds, $3,040,400; under censol. mtge. bonds, $1,181,-
under lease of Georgia RR., $119,800; stocks unpledged, $9,916; bonds pledged under consol. mtge. bonds,
500; bonds unpledged, $544,251; certificates of indebtedness unpledged, $15; bank assets, $25,934.70; Mont-
iery and Eufaula sinking fund, $79,500.77; leased rails, $19,874.86; materials and supplies, $253,095.74—
1, $5.326,779.07.

344

POOR'S MANUAL OP RAILROADS— RAILROAD "SYSTEMS."

The item " Equipment Lease, M. G. & A. Ry.," represents equipment notes of the Middle Georgia and
Atlantic Ry. assumed by this company at the time of the purchase. The notes mature monthly until Aug. 4,
1900.

Statement of operations, property, and capital account for two fiscal years :

1896

1897

1896

1897

Miles Railroad Operated

1,454 55

1,491 42

Net Earnings

$

1,663,421

1,838,134

Train Mileage — Passenger

1,499,566

1,494,679

Other Receipts

Accrued

329,807

Freight

1 685 451

1 709 834

Mixed

349,416

'325,'662

Available Revenue

months

2,157,941

Work

103,176

121,688

Interest and Annuity

only on

1,531,277

these items,

310 700

Total

3,637,609

3,651,803

Income Bond Interest

hence no

60000

Surplus

comparisons

255,964

Engine Mileage

4,448,138

4,479,102

are made.

Passengers Carried
Passenger Mileage

1,584.093
53,916,910

1,549,468
48 618,929

Miles Railroad Owned
Miles Track Owned

1,115.16
1,306.54

1,179.73
1,376 97

Freight (tons) Moved*

2,060,253

1,875,260

Miles Steel Rail Operated

1,040.09

1,082.01

Freight (ton) Miles *

320,674,584

292,186,403

Locomotives

211

210

$

Passenger Train Cars

212

212

Earnings — Passenger

1,282,139

1,139,152

Freight and Other Cars

5,034

5,161

Freight*. . .

3,689,017

3,521,867

$

s

Other

457,926

619,677

Capital Stock

5,000,000

5,000,0)0

45220 000

45 801 0*K)

Total .

5429,082

5,280,696

Deferred Liabilities

56,026

38,509

Expenses and Taxes

3,765,661

3,452,562

Current Liabilities

1,168,119

880,1. 'A

60,853

99 375

1 663 421

1 828 134

Gross Earnings per Mile ....

3,732 48

3,540 72

Total Liabilities'

51,504,998

51,819,036

Gross Expenses per Mile

2,588 88

2,314 95

Net Earnings per Mile

1,143 60

1 225 77

Cost of Road

41,611,4%

42,116,664

Expenses to Earnings ...

69 36 p. c.

65.38 p. c.

Cost of Equipment

3,513,999

3,522,349

Aver. Rate per Pass, per Mile . .

2 378 c

2343 c

Investments

5,352,846

5,326,779

Aver. Rate per Ton per Mile

1.150 C.

1.205 C.

Equipment Lease

8,390

Deferred Assets

52,481

15,128

Cash and Current Assets

974,176

829,731

Total Assets

51,504 998

51 819 036

* Totals for year ending June 30, 1896, include company freight interchanged between divisions, which
cannot be eliminated for proper comparisons, for the reason that a record thereof was not preserved.

Income Account, Supplementary statement for 10 months ending April 30, 1898, compared
with corresponding period of fiscal year ending in 1897 :

1898

1897

INC. OB
DEC.

1898

1897

INC. OB
DEC.

Miles RR. Op'd.
Earnings-
Passenger
Freight.

1,523.71
$
1,123,42721
3,354,544 37

1,484.97
$
1,160,435 01
3 143 783 46

S

D. 37,00780
7 210 7fiO 91

Net Earnings . .
Other Income..
Total Inc . .

$

1,703,216 71
57,731 70
1,760,948 41

s

1,695,018 38
95,437 80
1,790,456 18

$

7. 8,198 33
Z>. 37,706 10
D 29507 77

Other

335,971 37

312 391 37

/ 23,58000 !

Int. on Fd. Debt

1,280,666 66

1,267,766 66

7 12,900 00

-Total Earn.

4,813,942 95

4,616,609 84

/. 197,333 11

Rentals

322,916 66

258,916 64

7. 64,000 02

Operating Exp.
Taxes

2,965,260 45
145,465 79

2,771,62285
149,968 61

7. 193,637 60
D 4,50282

An. City Macon
Other Charges. .

4,16668
2,376 43

2,50000
4,04397

I. 1,66668
D. 1,66754

Total Exp..
Net Earnings. . .

3,110,72624
1,703,21671

2,921,591 46
1,695,018 38

7. 189,134 78
7. 8,19833

Total Pmts.
Net Surplus

1,610,126 43
150,821 98

1,533,227 27
257,228 91

7. 76.899 16
7U 06,406 93

The ratio of operating expenses to earnings was 61.60 p. c. in the 1898 period, 60.04 p. c. in the 1897 period,
rating expenses and taxes were 64.62 p. c. of earnings in the 1898 period and 63.28 p. c. in the 1897 period.

Stocks.

List of securities owned by the Central of

Total Pledged Un-

Owned. in Trusts, pledged.

$ $ S

Atlanta & W. Pt 188,500 188,500

Agr. &Mech. Assn.of Ga.. 1,000

Ocean SS. Co. of Sav 2,000,000 1,995,000

Sav. Cotton Exch 400

Sav. Bd. of Trade 100

Upson County RR 34,941 34,941

Western Ry. of Ala 1,500,000 1,500,000

Wr. & Ten. RR. pref 70,000 70,000

Wr. & Ten. RR. com 250

Southwestern RR 147,500

Memphis Cotton Exch 100

N. E. & Sav. SS. Co 500,000

Sav. & Ogeechee Canal 160,000

1,000

5,000

400

100

250
144,000

499,500
160,000

3,500
100
500

Totals 4,602,791 4,592,191 10,600

Georgia Ry. Co., June 30, 1897.

T.^ . Total Pledged Un- I

aonats. Owned, in Trusts, pledged.

$ S $

SylvaniaRR 33,000 10,000 23,000

Lonisv. & Wadley RR 29,000 25,000 4,000

TalbottonRR 25,000 25,000 ...':

C. of Ga. Ry., Mid. Ga. &

Atl. Div 65,000 65,COO

C. of Ga. Ry., 3d Pref . Inc.. 40,000 40,(00

Char. & Weal. Car. Ry., Inc.1,589,000 1,589,000 $

Totals 1,781,000 1,649,000 132,100

Grand Totals 6,383,791 6,241,191 142,000

346

346

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

The company also owned, and held unpledged, one certificate of indebtedness of the
Central RR. and Banking Co. of Georgia, the value of which was not stated. Of the securi-
ties in trusts as shown, $119,800 stock of the Southwestern RR. was pledged under the
lease of the Georgia RR., and the others as security for the collateral trust and the consol.
mtge. bond.

Statement of funded debt, June 30, 1897 :

DESCRIPTION OF
SECURITIES.

a«

Coup,
or
Reg.

DATE OK

INTEREST.

Amount
Author-
ized.

Amount
Out-
standing.

Fixed
Annual
Charge.

gs
ec

Issue.

Maturity.

Rate.

When
Payable.

Central of Qa. By.:
1st Mtge. Gold

i

1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000

C. &R.
Coup.
C. &R.
Coup.
Coup.
C. &R.
Coup.
NotCoup.
Not Coup.
NotCoup.

1896
1895
1895
1897
1896
1895
1887
1895
1895
1895

Nov.l, 1945.
Jan. 1, 1946.
Jan. 1, 1946.
Jan. 1, 1947.
Jan. 1, 1926.
Nov. 1,1945.
May 1, 1937.
Nov. 1, 1945.
Nov. 1, 1945.
Nov. 1, 1945.

Y-

5
5
5
5
5

hll

1 00 0 (

( £1 )

Feb. & Aug.
Jan. & Juiy.
Jan. & July.
Jan. & July.
June & Dec.
May <fe Nov.

7.000,000
1,000,000
840,000
581,000
1«8,000
18,500,000

7,000,000
1,000,000
840,000
413,000
168,000
16,500,000

$

350,000
50,000
42,000
28.650
8,4(10
825,0(10
244,0(0

Mobile Div. 1st Mtge. . .
M.&N.D. 1st M. Gold.
M. Ga. & A. Div. 1st M.
E. Br. RR. IstM. Gold.
Consold. Mtge. Gold . . .
Collateral Trust, Gold..

May & Nov.
Oct. 1.
Oct. 1.
Oct. 1.

4,880,000
4,000,000
7,000,000
4,000,000

4,880,000
4,000,000
7,000,000
4,000,000

2d Pref I r comes

3d Pref. Incomes

Totals.

47,969,000
1,000,000

45,801,000

1,000,000
1,022,900
5,191,100

1,540,OM)

50,000
51,145
259,555

Guar. Securities :
Ocean SS. 1st M. Gold..
Aug. & Sav. RR. Stock.
Southwest'n RR. Stock.

1,000
100
100

Coup.

1890

July 1,1920.

5
5

5

Jan. & July.
Jan. & July.
Jan. & July.

NOTE. — There is also a fixed charge of $5,000 annuity to the city of Macon, Ga. Adding this sum to the
amounts shown in the pieceding statement, and deducting the $50,000 interest on Ocean Steamship bonds,
which is payable by that company, leaves annual fixed charges of $1,855,750 against the earnings of the
Central of Georgia system.

The 1st mtge. bonds are secured by lien on the main line of railroad from Savannah to Atlanta, Ga.,
and the Milledgeville branch, 312.05 m. in all, together with all equipment and appurtenances, and by 2d
lien on the Ocean Steamship shares which are pledged under the collateral trust mtge. Trustee: Guaranty •
Trust Co. New York, N. Y.

The Mobile Division bonds are secured by a first lien on the old Mobile and Girard RR., extending
from Columbus, Ga., to Searight, Ala., 122.01 miles. They are a direct obligation of the Central of Ga. Ry.
Co.. and were issued under the recent reorganization of that company. Trustee: Guaranty Trust Co., New
York, N. Y.

The Macon and Northern Division bonds are a first lien on the road from Macon to Athens, Ga., 104.2
m., the old Macon and Northern Ry. They are a direct obligation of the Central of Ga. Ry. Co. Trustee:
Maryland Trust Co.. Baltimore. Md.

The Middle (ieoigia and Atlantic Division bonds were issued in connection with the purchase of the
Middle Georgia and Atlantic Ry., being provided for at the rate of $9,000 per mile of that line, or a total of
$581,000. Of this amount, $1,000 per mile, or a total of $65,000 of the bonds, are retained in the treasury of
the company to cover necessary repairs and improvements to the property, while a further amount of $168,000
of the bonds are reserved by the trustee, the Guaranty Trust Co. of New York, to be exchanged upon the
request of the company for the prior mtge. bonds outstanding on the Eatonton Branch RR. The bonds out-
standing are secured by 1st mtge. on the section of the Gordon-Covington Branch extending from Eatonton
to Covingtcn, 43.57 m., and will be further secured on the Eatonton Branch section, Eatonton to Milledge-
ville, 21 m., upon the retirement of the bonds outstanding thereon. Interest on the Eatonton Branch bonds
is payable June 1 and Dec. 1, at Savannah, Ga. The trustee under that mtge. is the Savannah Banking and
Trust Co., Savannah, Ga. (See MANUAL for 1897, page 332.) The M. G. <fc A. Div. bonds are payable, principal
and interest, in legal tender currency at the office or agency of the company in New York. ' The bonds are
in coupon form, but may be registered as to principal at the Guaranty Trust Co., New York.

The total amount of bonds authorized under the consol. mtge. is $18,500,000, of which $2,000,000 can b*
issued only for betterments and equipment for the property covered by the mtge., not more than $500,000 M
be issued in any fiscal year. The bonds are secured by 1st mtge. on the Savannah and Western system, 482 m.;
on the Montgomery and Eufaula RR., 80 m.; and on the Savannah and Atlantic RR., 18 m., and by a 2d mt<je.-
on the main line (Savannah to Atlanta, and Milledgeville branch), 312 m. ; on the Mobile and Girard RH.,
122 m., and the Macon and Northern Ry., 102 m. — total of 1,110 miles. In addition they are secured by
deposit in trust of $43,100 stock of the Atlanta and West Point RR., $34,911 stock of the Upson County Rll.,
$70,000 p'-efcrred and $250 common stock of the Wrightsville and Tennille RR., $24,200 stock of the South-
western BR., $499,500 stock of the New England and Savannah SS. Co., $160,000 stock of the Savannah and
Opeechee Canal, $10,000 bonds of the Sylvania RR., $25,000 bonds of the Louisville and Wadley RR., and.
$25,000 bond? of the Talbotton RR. They are also a 3d lien on the $1,995,000 stock of the Ocean SS. Co.,
deposited under the collateral trust deed and a 2d lion on the other stocks pledged under that deed. Finally,
the bonds are secured by a consol. mtge. on the entire property of the company, now owned or which may lie
acquired hereafter. (See MANUAL for 1896, page 425.) Principal and interest payable in gold. Trustee: Mer-
cantile Trust Co., New York, N. Y.

The preference income bonds, in the order of their priority, cover the Savannah and Western, Colum'>i»
and Rome, and Savannah and Atlantic RRs. , and their equipment, property, etc. They arc also a third 1 en
on thp main line and a second lien on all leaseholds, securities, and equities of properties acquired by the C
Ry. of Ga. These bonds are non-cumulative, and bear interest up to 5 p. c. in arty fiscal year.. Interest is
payable only out of net earnings as declared. A dividend of 1J p. c. was paid on 1st preference incomes on
Oct. 1, 1896, and one of 2| p. c. on Oct. 1, 1897. Trustees— 1st preference, Metropolitan Trust Co., N. Y.; 2d
preference, Central Trust Co., New York, N. Y, ; 3d preference, Manhattan Trust Co., New York, N. Y.

POORS MANUAL — CENTRAL RR. CO. OF NEW JERSEY.

347

The collateral trust bonds are an issue of $4,880,000 gold 5 p. c. 50-yr. $1,000 coup, bonds, with pro-
vision for registration of principal, due May 1, 1937. These bonds are a direct obligation of the company,
and are additionally secured by deposit in trust of the following securities: $145,400 stock of Atlanta and
West Point, $1,995,000 stock of Ocean SS. Co. of Savannah, $1,500,000 stock of the Western Ry. of Ala., and
$1,589,000 income bonds of Charleston and Western Carolina Ry. The company has the right to redeem
the bonds at 110 and accrued interest at any time upon six months' notice. Trustee: Central Trust Co., New
York, N. Y.

The Ocean S8. 1st mtge. bonds were left undisturbed under the recent plan of reorganization of the
Central RR. and Banking Co. of Ga. They are guaranteed by the Central Ry. Co. of Ga. Trustee: Central
Trust Co., New York, N. Y.

Interest on bonds of the Central of Georgia is payable at the Guaranty Trust Co., New York, N. Y. ; on
Ocean SS. bonds, at the New York Security and Trust Co.

OCEAN STEAMSHIP LINES. — The Ocean Steamship Co. controls the New England and
Savannah Steamship Co., and operates 8 steamships plying between Savannah and New
York and between Savannah and Boston. The Ocean Steamship Co. owns 347 acres of termi-
nal property in Savannah, covering 6,471 feet of water front, with extensive docks, ware-
houses, sheds and cotton compresses ; also valuable dock property at Hoboken, N. J. The
Savannah terminal property is being improved so that 1,400 feet of additional water front
will be obtained. Capital stock 0. SS. Co., $2,000,000 ; N. E. & S. SS. Co., $500,000. All
of the shares of both companies are owned by the Central of Ga. Ry. Co. and a large number
of them are pledged under the collateral trust or consol. mtge. deeds, as shown in the re-
marks descriptive of those mtges. and in the preceding list of securities owned. Bonds of
the Ocean SS. Co., $1,000,000, are described in the bonded debt statement on p. 846.

RAILROADS LEASED BY THE CENTRAL OF GEORGIA RY. Co.

Augusta and Savannah RR.— Millen to
Augusta, Ga., 53.21 m. ; sidings, etc., 14.64 miles.
Rail (steel), 56 and 63J Ibs. Chartered in 1838 as
Burke County RR. ; opened In 1854. Leased, Oct. 24,
1895, to the Central of Ga. Ry. Co. for 101 years, at
an annual rental of $51,145, being 5 p. c. on capital
stock of $1,022,900. Jos. D. Weed, Pres.; H. H.
Hull, Sec. & Treas., Savannah, Ga. Corporate Office,
Savannah, Ga.

Southwestern RR.— Macon, Ga., to Eufaula,
Ala., 143.6 m., with branches from Fort Valley to
Perry, 12.50 m.; Fort Valley, Ga., to Columbus, Ga.,

71 m.; Cuthbert to Fort Gaines, Ga., 20.50 m.;
Smithville, Ga., to Columbia, Ala., 85.01 m.— total.
332.61 m.; sidings, 51.74 miles. Rail (steel, 327
m.), 56, 63i and 65 Ibs. Consolidation, Nov. 1,
1868, of the Southwestern, chartered Dec. 27, 1845,
and the Bluscogee, chartered Dec. 27, 1847. (See
Manual for 1895.) Leased Oct. 17, 1895, for 101
years, from Jan. 1, 1896; rental, 5 p. c. on the
capital stock, besides all organization expenses.
Capital stock, $5,191,100, representing cost of road,
etc. B. A. Denmark, Pres.; John M. Walker, Sec.
& Treas., Macon, Ga. General Office, Macon, Ga.

RAILROAD CONTROLLED THROUGH STOCK OWNERSHIP.

Upson County RR.— Barnesville, Ga., to
Thomaston, Ga., 16.25 m. ; sidings, etc., 0.49 mile.
Rail (steel, 0.62 m.), 35 to 56 Ibs. Chartered as
Thomaston and Barnesville RR. Co. Dec. 23, 1839;
road opened in 1856. Sold at sheriff's sale, and re-
organized under present title Dec. 6, 1860. Destroyed

at the close of the war, and rebuilt in 1870. Con-
trolled by the Central of Ga. Ry. Co., which owns
$34.941 ($30 shares) out of a total issue of $40,005
capital stock. There is no bonded or other debt on
the road. E. A. Flewellen, Pres.; G. A. Weaver,
Sec., Thomaston, Ga.

Board of Directors, Central of Georgia Ry. Co., elected Oct. 12, 1897.

J. F. Hanson Macon, Ga.

S. R. Jaques " "

Patrick Walsh Augusta, Ga.

G. J. Mills Savannah, Ga.

Joseph Hull " "

H. M. COMER, President Savannah, Ga.

John M. Egan, Vice-President " "

H. M. Comer Savannah, Ga.

J. M. Egan "

E. P. Howell Atlanta, Ga.

U. B. Harrold Americus, Ga.

O. Gunby Jordan Columtus, Ga.

A. Vetsburg Savannah, Ga.

G. G. Haven New York, N. Y.

Charles Steele "

Samuel Spencer. . . "

A. R. Lawton Savannah, Ga.

Secretary— Edward Workman Savannah, Ga.

Treasurer— T. M. Cunningham

Auditor— R. A. Dnnn Savannah, Ga.

General Supt.— Tbeo. D. KJine.

PRINCIPAL OFFICE AND ADDRESS Savannah, Ga.

CENTRAL RAILROAD COMPANY OF NEW JERSEY.

Main Line of Road.— Jersey City, N. J., to Phillipsburg, N. J. . 72.30 m.
Cent. RR. branches and leased lines (pee mileage statement on p. 348). 117.98 m. — 190.28 miles.

Freehold and Atlantic Highlands RR. (see page 348) 24.47 "

New Jersey Southern RR. and branches (see page 348) 182.85 "

New York and Long Branch RR. (see page 348) 38. 04 "

Lehigh and Smquehanna RR. and branches (see page 348) 210.52 "

Lehigh and Lackawanna RR, and branches (see page 348) 37.43 "

Total length of lines operated Dec. 31, 1897 683.59 miles.

Gauge, 4 ft. 8£ in. Rail— iron, 50 to 70 Ibs.; steel (1,322.39 m.), 56 to 80 Ibs.

348 POOR'S MANUAL or RAILROADS — RAILROAD "SYSTEMS."

Statement showing mileage of all railroads operated on Dec. 31, 1897 :

DIVISIONS.

L'gth
of
Line.

2d

Tr'ck.

Total
Tr'ck.

*

DIVISIONS.

L'gth
of
Line.

2d
Tr'ck.

Total
Tr'ck.

*

Central BR. of N. J. Div.
MAIN LINK.
Jersey City to Phillipsburg

M.
72.30

6.22
0.55
0.91
1.68

M.
72.30
6.22

M.
337.06

19.79
1.62
1.09
5.51
2.03
5.22
28.98
1.11
2.52
2.85
2.60
14.98
19.33
3.67
19.85
15.00
1.46
8.78

1.63
17.64
7.92
8.61

7.99
16.51
7.02

Freehold and Atlantic Div.

Freehold to Atlantic Highlands
Atlantic Highlands to Stone Church

Total, Freehold and Atlantic Div.

New York and Long Branch Div.
Perth Amboy to Bay Head

M.

22.72
1.75

M.

M.

31.74
2.63

BRANCHES.
Communipaw to Newark

24.47

34.37

38.04

38.04

105.85

Lafayette to Grifflng Iron Works. . .
West Side Ave. to Danforth Ave. . .
Brills to Passaic River

Albert Street to Mapes' Works
Centreville to Constable's Hook
Elizabethport to Perth Amboy
Maurer to S. I. T. C. Lumber Co....
Carteret to Staten Island Sound —
Liebig's to Port ReadingRR

1.23
1.95
12.13
0.44
1.82
1.25

"l2!i3

Lehigh and Susquehanna Div.
Phillipsburg to Union June

105.33
2.69
0.22
0.36
9.66
4.37

92.05
2.69

"9"66
2.06

285.64
9.83
0.3.1
0.4rt
19.3'J
12.51

Perth Amboy to RaritanBrick Wks.
Elizabethport to Brills

1.75
5.51
3.02
1.69

5.51

Spur to Iowa Barb Wire Works
Spur to Lehigh Iron and Steel
Union June, to Minooka June
Minooka June, to Scranton

Elizabeth to Elizabethport Docks.. .
Great Isl'd Jet, to N. J. Jockey Club.

High Bridge to German Valley

11.53

Total

122.63

0.26
0.50
0.82
0.96

0.56

106.46

328.12

0.26
0.79
2.29
1.33

0.84
13.97
12.38
4.11
0.31
39.45
2.63
5.78
3.42
6.67
31.33
5.20
17.31
2.55

3.35

BRANCHES.

Bethlehem June, to So. Bethlehem.
Main Line June, to Quarries
'Northampton to Hokendauqua. . .
Main Line to Allen Cement Works.
Northampton to Standard Cement
Co 's Works ...

Chester Furnace to Hacklebarney
Mine

1.42

13.64

Hopatcong June, to Nolan's Point..
tBroadway, Elizabethp., to Carteret

LEASED.

Dover and Rockaway RR. . .
Ogden Mine RR

5.56
5.99

5.12
9 86

Drifton June, to Drifton
Upper Lehigh June, to Upper Lehigh
Pond Creek June, to Sandy Run. . .
Pond Creek June, to Zehner

10.50
9.35
2.62
0.26

4.20

Total, Central RR. Div

190.28

96.16

560.77

Ashley to Collieries

17.04

New Jersey Southern Dim.
\ Atlantic Highlands to Highland

4.66
6.19
0.34

4.01
5.94

10.80
14.32
0.48
1.98
71.32
8.09
55.63
1.33
26.42
12.21
9.62
15.85

Leemme Station to Nanticoke
Miner's Mills to Port Blanchard ...

5. or

3.07

Solomon's Gap to Ashley.

3.20
16.66
5.20

2.49
7.43

Highland Beach to Long Branch
Highland Beach to Government Line

Nesquehoning June, to Tamanend..

Silverbrook to Andenried

7.60

Long Branch to Atsion

1.55
59.22
7.57
46.82
1.03
22.43
9.08
9 25

1.06

Franklin June, to Buttonwood
Total, L. & S. Proper

Lehigh and Lackawanna SB.

Bethlehem to Wind Gap
Bangor to Lake Poponommg...

2.25

Manchester to Toms River
Atsion to Bay Side
Greenwich to Cohansey Creek
Bridgeton June, to Long Reach
Eatont'n to Port Monmouth Shore..
Atsion to Atco

210.52

25.39
12.04

116.38

478.75

28.35
14. HO

521. !K)

Toms River to Barnegat
Total, N. J. Sonthern Div

14.71

182.85

11.01

228.05

247.95

116.38

* Including 3d and 4th tracks, sidings, etc.
t Including Bay way and Tremley Spurs.

J Includes tracks on Atlantic Highlands pier.
§ Trackage rights.

RECAPITULATION OF TRACKAGE IN DETAIL.

DIVISIONS.

Length of
Line.

2d
Track.

3d
Track.

4th
Track.

Sidings.

Total
Track.

Steel
Rails.

Iron
Rails.

Central RR. of N. J. Div. . .
New Jersey Southern Div . .

M.
190.28
182.85

M.

96.16
11.01

M.
30.33

M.

29.73

M.

214.27
34.19

M.

560.77
228.05

M.

607.04
192.70

M.

53.73
35.35

Freehold and Atlantic Div..

24.47

9.90

34.37

30.82

3.5£

N. Y. & Long Branch Div. .

38.04

38.04

29.77

105. 85

82.25

23.6('

Lehigh & Susquehanna Div.

247.95

116.38

3.17

154.40

521.90

509.58

12. 32

Grand Totals

683 59

261 59

33 50

29 73

442 53

1,450.94

1,322.39

128. 5fi

POOR'S MANUAL— CENTRAL RR. CO. OF NEW JERSEY.

349

History. — Consolidation, Feb. 22, 1849, of the Elizabeth and Somerville and the Somer-
ville and Easton RR. Cos. (See MANUAL for 1888.)

This company owns the entire stock of the New York and Long Branch, the New Jersey
Southern and the Freehold and Atlantic Highlands RR. Cos., and the bonds of the latter are
included in its debt. A majority of the stock and of the 1st consol. bonds of the Lehigh and
Wilkesbarre Coal Co., are also held by this company.

Rolling Stock, Dec. 31, 1897.— Locomotives, 438. Cars— passenger (1st class, 350 ; 2d
class, 17), 367; combination smoking, 77 ; smoking, 11 ; baggage and mail, 13 ; baggage, 32 ;
express, 7 ; freight (refrigerator, 34 ; box, 2,365 ; stock, 27; oil tank, 30 ; gondola, 7,895 ;
flat, 306 ; lime, 22 ; caboose, 152 ; ore, 67 ; hopper coal, 202 ; coal, 16,327 ; stone and ore,
171), 27,598 ; other, 433— total, 28,538.

Floating Equipment. — Steamboats, 3 ; ferryboats, 7 ; tug-boats, 9 ; car floats, 18 ; sea-
going coal barges, 12.

Operations, year ending Dec. 31, 1897. — See tabulated statement below.

Earnings— Passenger....; $2,670,548 87

Merchand i se Freight 4,231 ,008 39

Anthracite Coal 5,261 ,282 14

Trackage 43,998 55

Mail and Express 291,359 15

Miscellaneous 98,495 32

N. Y. & L. B. RR 469,96418

Seagoing Tugs and Bargee . . . 146,115 61

Total ($19,328.50 per mile) $13,212,772 21

Expenses— Conducting Transportation $2,740,814 56

Motive Power 2,145,507 77

Maintenance of Cars 892,086 33

Maintenance of Way 971,296 64

General and Taxes 844,782 03

N. Y. & L. B. RR 418,818 80

Seagoing Tugs and Barges .... 156,364 87

Total (|1 1 ,949.66 per mile) $8,168,671 00

Net earnings (38.18 p. c.), $5,044,101.21 ; add income from investments, $516,907.50 ;
premium on sales of bonds, etc., $183,231.82— total income, $5,742,240.53. Charges: Inter-
est on bonded and other debt, $3,027,755.27 ; lease rentals, $1,627,868.17; dividends (March,
June, Sept., and Dec., 1 p. c. each), $899,880— total, $5,555,503.44. Surplus' for year, $186,-
737.09; surplus forward, $5,186,915.28— total, $5,373,652.37.

Statement of operations, etc., for eight fiscal years :

1890

1891

1892

1893

1894

1895

1896

1897

Passenger Train Miles.. .
Freight Train Miles

3,430,248
2,307,125
2,317,078

3,553,621
2,492,234
2,439,794

3,687,404

2,580,478
2,219,603

3,650,627
2,547,208
2,400,726

3,678,390
2.346,938
1,905,666

3,665,892
2,441,585
2,163,727

3,786,231
2,512,453
2,042,457

3,799,339
2,551,335
1,875,030

Total Train Mileage.
Passengers Carried

8,054,451

13,716,832
180,288,585
6,401,801
342,040,924
7,463,528
654,865,379
$
3,095,814
3,955,710
6,725,696
220,170
129,173

8,485,649

14,827,506
182,033,9(59
6,627,358
361,247,639
7,512,544

8,487,485

15,688,068
200,530,680
5,675,789
369,044,974
5,219,035

8,598,561

15,465,963

197,467,297
5,428,171
363,429,218
5,569,732

7,930,994

13,0(3,375
180,813,052
4,935,742
325,562,723
4,707,949
536,220,994
1
2,988,137
3,715,291
5,302,154
258,184
396,175

8,271,204

12,933,677
183,214,897
5,784,510
372,467,095
5,121,797
597,188,350

$

3,029,697
4,103,668
5,762,181
266,587
405,941

8,341,141

12,857,281
181,552,257
6,053,480
394,952,435
4,829,247
560,845,166
$
2,946,446
4,077,446
5,408,929
281,911
402,618

8,225,704

12,856,248
183,015,796
6,742,620
435,178,662
4,894,890
543,909,164

2,925,185
4,351,019
5,389,243
294,822
352,503

Freight 'tons) Moved. . . .
Freight (ton) Miles
Tons Coal (Anthracite)..
Tons Coal One Mile. ...

Earnings— Passenger. . . .
Mer. Freight.
Anth. Coal...
Mail and Ex..
Other

688,193,670
$
2,911,003
3,995,209
7,004,145
231,772
511,558

585,786,593
$
3,425,042
4,269,186
6,583,979
236,108
201,923

640,433,628
$
3,331,296
4,005,565
6,820,106
243,867
567,123

Total Earnings
Operating Ex. and Taxes

14,126,563
8,161,275

14,658,687
8,526,168

14,716,236
8,821,009

14,967,957
9,117,052

12,659,941
8,438,305

13,568,024
8,295,054

13,117,350
8,318,568

13,212,772
8,168,671

5,965,288
1,160,046

6,127,519
897,276

5,895,227
984,529

5,850,905
1,023,534

4,221,636
1,141,397

5,272,970
1,201,575

4,798,782
1,268,560

5,044,101
698,139

7,125,334

2,798,148
1,819,815

7,024,795

2,739,579
1,897,770
1,455,431

6,879,756

2,709,928
1,839,442
1,572,725

6,874,439

2,839,279
1,896,370
1,574,143

5,363,033

2,873,589
1,557,357
1,574,790

6,474,545

2,955,166
1,691,091
1,124,850

6,067,342

3,030,029
1,641,048
1,124,850

5,742,240

3,027,755

1,627,868
899,880

Rentals

Dividendi

Total Payments

4,617,963
+2,507,370

57. 77 p. c.
1.72C.
1.16c.
1.03c.

6,092,780
+ 932,015

58. 18 p. c.
1.73C.
1.14c.
1.02c.

6,122,095
+ 757,660

59. 94 p. c.
1.71C.
1.16c.
1.12c.

6,309,792
+ 564,647

60.91 p.c.
1.69C.
l.lOc.
1.06C.

6,005,736
— 648,703

66. 65 p.c.
1.65c.
1.14c.
0.99c.

5,771,108
+ 703,438

61. 14 p.c.
1.65c.
l.lOc.
0.97c.

5,795,927
+ 271,416

63.42 p. c.
1.62c.
1.03c.
0.96c.

5,555, 503
+ 186,737

61 .82 p.c.
1.59C.
0.99c.
0.97C.

Expenses to Earnings. . .
A. Rate p. Pass. p. Mile.
A. Ratep.Tonp. M. (Me.
A. R. p. T. p. M. (A. C.).

360

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

Statement of capital account for eight years, 1890 to 1897 :

1890

1891

1892

1893

1894

1895

1896

1897

Capital Stock . .

18,629,800
10,000
11,000
2,310,000
3,836,000
197,000
411,000
1,167,000
605,000
1,500,000
10,136,000
24,824,000
189,414
239,000
1,262,754
979,849
1,293,293
617,194
2,800,000
2,600,442

22,412,000
10,000
4,000
2,310,000
3,836,000
197,000
411,000
1,167,000
550,000
1,500,000
11,475,000
23,485,000
232.822
103,000
1,313,321
965,538
1,451,123
598,478

' 3',532,457

$

22.468,000
10,000
3,000
2,310,000
3,836,000
197,000
411,000
1,167,000
494,000

$

22,497,000
10,000
3,000
2,310,000
3,836,000
197,000
411,000
1,167,000
465,000

$

22,497,000
10,000

S

22,497.000
10,000

32,497,000
10,000

$
22,497,000

Adj't B'ds (called for pmt.).
First Mortgage Bonds, 1890.
L.C.&Nav.Gotd Bonds,1897.
Consol. Bonds, 1899
L. B. & S. S. Bonds, 1899.. .
N. J. Southern Bonds, 1899.
Bonds (Consol. Mt^e.), 1902.
Conv. Debenture B'ds, 1908.
N. Y. & L. B. Bonds, 1931 .
Gen. Mtge. Keg. Bonds,1987.
Gen. Mtg. Coup.Bond»,1987.
Real Estate Bonds & Mtge.
Car Trusts

2,310,666

3,836,000
197,000
411,000
1,167,000
465,000

2.310.000
3,836,000
197,000
411,000
1,167,000
465,000

2,310,000
3,836,000
197,000
411,000
1,167,000
465,000

3,836,000
197,000
411.000
1,167.COO
465,100

12,465,000
23,995,000
218,522

12,890,000
25,570,000
207,100

13,274,000
26,686,000
307,100

13,466,666
28,108,000
807,100

13,604,000
28,000,000
307,100

13,69T.t.OO
30,228,100
307,1,0

Current Cash Liabilities. . . .
Interest and Rentals Due. . .
Other In. & Ac. Ch. in.Taxee
Contingent Fund

1,555,968
997,913
1,550,847
622,279
1,300,000
4,290,117

1,262,665
1,031,067
1,636,499
471,478
400,000
4,854,764

1,005",824
1,033.351
1,672,416
485,291
800,000
4,212,062

1,167,256
1,108,218
1,641,394
462,629

1,319,114
1,112,030
1,723,152
462,858

1,227,861
1,113,925
1,540,278
522,975

Temporary Loans ;
Profit and Loss

4,915,499

5,186,915

5,373,652

Total Liabilities

73,618,146

32,760,661
10,500
10,509
10,138
315,469
72,890
130

75,553,739

33,708,401
10,500
10,509

77,891,646

31,477,304
10,500
10,509

79,219,573

31,817,991
10,500
10,509

80,369,044

81,941,143
10,500
10,509

82,099,096

32,202,440
10,500
10,509

82,608,169

1

36,344,634

14,330,578
7,679,495
15,596,879
201,368
3,543,088
4,633,741
278,386

82,582,791

1

•36,508,588

14,296,168
7,658,479
15,353,409
488,419
3,510.651
4,507,987
259,090

RR.& Appnr.inc.Pur.Lines.
Dwelling-houses in Penn. . .
Ber<*eii Point Wharf ;

Con. Wf. & At. H'd Docks.
Dock?, New York City
E. & N. Y. F. Co.'s Lands. .
Mariners' Harbor Property.
Telegraph Line

315,469
72,890
130

315,469
72,890
130

367,994
72,890
130

546,225

72,890
130

562,839
72,420

Summit Hill RR. in Penn..
R. E., etc., Ac. forRR. Pur.
R. E. (N. Y. C. & elsewhere).
Cost of Eq.Less Dep.C'd Oft.
Stocks of Other Cos.Owned.
Bonds of Other Cos. Owned.
Cash on Hand

7,509
1,091,331
1,443,217
12,885,655
6,185,726
13,638,556
714,417
1,526,034
2,394,870
550,534

7,509
1,253,940
1,912,971
12,863,888
5,689,238
14,096.714
913,685
1,553,425
2,579.250
565,220

7,509
1,264,226
1,899,124
14,021,962
7,703,734
14,501,344
495,784
3,211,673
2,276,262
623,226

7,509
1,177,982
1,885,282
14,377,876
7,731,163
14,621,784
559,013
2,685,359
3,248,391
645,200

7,509
1,179,495
1,891,592
14,165,386
7,731,513
14,832,308
886,514
1,985,093
4,743,717
364,521

7,509
1,176,833
1,879,508
14,093,950
7,732,513
15,302,899
913.836
3.265,089
4,545,404
322,847

Ac.Due fromAgts.,Cos.&In.
B'JsRec.&O'erD'tsdue Co.
Materials and Supplies

Total Assets

73,618,146

75.553,739

77,891,646

79,219,573

80,369,044

82,099,096

82,608,169

82,582,791

Statement of funded debt and accrued charges for interest and rental during 1897 :

DESCRIPTION.

INDEBTEDNESS.

Date,

Interest.

Outstanding
Dec. 31, 1897.

Accrued
Chargesforl897.

Bonds.
*Lehigh C. & Nav. Gold Loan ($2,310,000)

$

$

132.825 00
268,520 00
13,790 00
24,66000
81,69000
27,90000

2,080,200 00
15,355 00

249,350 00
75,000 00
7,933 30

50,531 97

Consolidated Mtge., Currency

July 1, 1899
Dec. 1, 1899
July 15, 1899
Nov. 1, 1902
May 1, 1908

July 1, 1987 1
Sundry Dates.

July 1, 1921

Dec. 1, 1931
Sept. 1, 1941

7p.c.J.A.J.&O.
7 p. c. J. & D.
6 p. c. J. & J.
7 p. c. M. & N.
6 p. c. M. & N.
5p.c.J.A.J.&O.
5 p. c. J. & J.
5 p, c, J, & J.

5 p. c. J. & J.

5 p. c. J. & D.
5 p. c. M. & S.

3,'836,"000 00
197,000 00
411,000 00
1,167,000 00
465,00000

j- 43,924,00000
307,10000

Long Branch and Sea Shore 1st Mtge., Cy
New Jersey Southern Mtge. Currency

Bonds (secured by Consolidated Mtge.), Cy . . .
Convertible Debentures", Currency
Ton Mt<r<> Oold ' Registered, 813,496,000 I
Gen. Mtge., Gold ^ Co{> 28,108,000 \ • '

Real Estate Bonds and Mtges

Guaranteed by C. RR. of N. J.
American Dock and Improvement Co. 1
($4,987,000) 1st Mtge. Bonds, Cy. . j
N. Y. & L. B. 1st 5s, §1,500000 Gold

N. Y. & L. B. Gen. 5s, $192,000, Gold*

Interest and Discount.
Temporary Loans, etc .. .

Total Funded Debt and Interest

50,307,100 00

3,027,755 27

* Retired Dec. 15, 1897.

POOR S MANUAL — CENTRAL RR. CO. OF NEW JERSEY SYSTEM.

351

Rentals.

Dover and Rockaway RR .1.,,- in $11,00000

OsdenMineRR 23,000 00

Lehi-'h and Susqnehanna RR I,484,(o7 37

Lehigh and Lackawanna RR 18,000 00

HiberniaMineRR 12.50000

Wilkesbarre and Scranton RR 66,1 10 80

Allentown Terminal RR 13,500 (-0

Total Lease Rentals .-. .$1,627,868 17

Toial Accrued Charges for 1897 4,655,623 44

The general mtge. botids were issued under the plan of reorganization; authorized amount, $50,000,000;
coupon bonds, $1,000 each, exchangeable for registered bonds of $1,000, $5,000, $10,000, and $50,000 each. Dur-
ing the past year there were issued $2,320,000 additional of these general mtge. coupon bonds (Nos. 35,190 to
37,500 incl.) and the registered certificates into which the same are convertible, the proceeds of which were
used in payment of prior obligations as provided in the mtge. ; viz. : $2,310,000 Lehigh Coal and Nav. Co. 6
p. c. bonds, due Dec. 15, 1897, and $10,000 adjustment bonds called for payment. Trustee: Central Trust Co.,
New York. (See MANUAL for 1888, page 127, and MANUAL for 1887, page 1025.) The unissued balance of $6,-
076,000, the trustee holds to cover the following: Consols of 1899, $3,836,000; L. B. &S. S. bonds, 1899, $197,000;
N. J. So. bonds, 1899, $411,000; bonds (under consol. mtge.), 1902, $1,167,000; debenture bonds, 1908, $465,000—
076,000, the trustee holds to cover the following: Consols of 1899, $3,836,000; L. B. & S. S. bonds, 1899, $197,000;
into stock at any time until Jan. 1, 1907.

General Balance Sheet, Dec. 31, 1897.

Capital Stock ($30,000,000 auth.) $22,497,000 00

Funded Debt Outstanding 50,307,100 00

Current Cash Liabilities, for Wages, ( 1 337 860 50

Supplies, etc J

Interest and Rentals Due 1,113,92475

Other Indebtedness and Accrued Charges. 1,540,277 84

Contingent Fund 522,97505

ProtttaudLoss 5,373,65287

Railroad and Appurtenances, including I g36 508 537 53

Other Property and Real Estate f

Cost of Equipment, less Depreciation. . . . 14,296,167 55

Stocks of Other Companies Owned 7,658,479 45

Bonds of Other Companies Owned 15,35:5,408 74

CashonHand 483,41900

Due from Companies. Individuals, etc 3,510,651 1 <

Bills Receivable and Other Debts 4,507,986 58

Materials and Supplies 259,09049

Total Assets ,$82,582,79051 Total Liabilities §82,582,79051

Interest on registered bonds payable at the treasurer's office, 143 Liberty St., New York,
N. Y. ; on coupon bonds, at Liberty National Bank, New York, N. Y.

RAILROADS LEASED OR CONTROLLED BY THE CENTRAL RR. Co. OP NEW JERSEY.

pendent management, but earnings are not kept
separate. Rental, 1897, $230,600, as follows: Inter-
est, $84,600; dividends, 7 p. c., $140,000; other
charges, $6,000. Financial Statement, Dec. 31, 1897.
—Capital stock, $2,000,000; funded debt (1st mtge.
5 p. c. 50-yr. gold bonds, due Dec. 1, 1931, interest
June and Dec., $1,500,000; general mtge. 5 p. c. 50-
yr. $1,000 gold bonds, due Sept. 1. 1941, interest
March and Sept., $192,000), $1,692,000— total, repre-
senting cost, etc., $3,692,000. The 1st mtge. bonds
are subject to call at 110 and accrued Interest, at any
time after June 1, 1899 (or on that date), on three
months' notice. The authorized amount of general
mtge. bonds is $2,500,000. A sufficient sum is
reserved for the retirement of the 1st mtge. bonds.
Trustee: Central Trust Co., New York, N. Y. Inter-
est payable at the Liberty National Bank, New York.
George F. Baker, Pres.; Samuel Knox. Sec.; J. W.
Watson, Treas., 143 Liberty St., New York City.
Corporate Office, Jersey City, N. J.

LEHIQH AND SUSQUEHANNA DIVISION.
Leliigrh and Snsqnehanna RR. (The
Lehigh Coal and Navigation Co.)— For Mileage and
termini of ttie several lines of railroad owned, by
this company (aggregating 163.56 m.), see page 348.
The company also leases the Nesquehoning Valley
RR., 16.66 m.; Tresckow RR.. 7.60 m.; Wilkesbarre
and Scranton Ry., 4.37 m.— total, 28.63 miles. Total
owned and leased. 192.19 miles. The company also
operates, jointly with the D. & H. Canal Co., the
Union RR., from Union June, to Minooka June.. 9.66
m. ; 2d track. 9.C6 miles. Gauge, 4 ft. 8} in. Rail
(steel), 60, 62J. and 65 Ibs. These roads are the
property of the Lehigh Coal and Navigation Co.,
chartered Feb. 13. 1822. (See Manual for 1893.)
The railroad was leased for 999 years, from March
31, 1871, to the C. RR. Co. of N. J., at an annual
rental of 331 p. c. of the gross receipts. On June
28, 1887, a new agreement was made by which the
lessee acknowledged the obligation imposed by the
contracts of March 31, 1871, and May 29, 1883, and
further agreed to deposit an equal amount of Its
new general mtge. bonds for the better security of
the $2,310,000 gold loan of this company guaranteed
by the Central, which bonds were paid off at ma-
turity, Dec. 15, 1887. The Central Co. further agreed
to lease the Wilkesbarre and Scranton Ry. at an
annual rental of 6 p. c. ou its cost, free of all

Dover and Rockaway RR.— Port Oram, N.
J., to Rockaway, N. J., 5.12 m. ; total track (steel,
6.79 m.), 7.99 miles. Chartered March 8, 1880.
Opened in 1881 as a continuation of High Bridge RR.
Leased to C. RR. Co. of N. J., for 99» years; rental-
Interest on bonds, $2,100; dividends (A. & O., 3 p. c.
each, .in New York), $8.400; organization expenses,
$500— total, $11,000. Financial Statement, Dec. 31,
1897.— Capital stock, $140,000; mtge. 6 p. c. 25-yr.
cy. Iwnds, due Jan. 1, 1906, interest yearly, $35,000—
total, representing cost, etc., $175,000. George
Richards, Pres., Dover, N. J.; J. W. Watson, Treas.;
Samuel Knox, See., New York, N. Y. Corporate
Office, Dover, N. J.

Ililx ruin Mine RR.— Rockaway (M. & E.
RR.), N. J., to Hibernia Mine, N. J., 4.20 m.; sid-
ings, 2.82 miles. Gauge, 4 ft. 8J in. Rail (steel,
3.66 m.), 50 Ibs. Incorp. March 18, 1863. Leased
Oct. 1. 1890, to the C. RR. Co. of N. J., at an
annual rental of 0 p. c. on its capital stock. Capital
stock, $200,000. Cost of road, $193,241. George
Richards, Pres., Dover, N. J.; J. Wesley Pullman,
Sec. & Treas., Philadelphia, Pa. Corporate Office,
Dover, N. J.

Ogdeii Mine RR. — Nolan's Point to Ogden
Mine, N. J., 9.86 m.; sidings, 6.65 miles. Steel rail,
12.02 miles. Chartered Feb. 19, 1864. Leased Nov.
4, 1881, to the C. RR. Co. of N. J., for 999 years
from Jan. 1, 1882; rental. 5 p. c. on the stock (J. &
J.. in Philadelphia), $22.500. and $500 for organiza-
tion expenses. Capital stock, $450,000; Income bal-
ance, $29— total. $450.029. Cost of road, etc., $450,-
000; investments, $1,700; other assets, $177. George
Richards. Pres., Dover. N. J.; John L. Wilson, Treas.
& Sec., 608 Chestnut St., Philadelphia, Pa.

NEW YORK AND LONG BRANCH DIVISION.

New York; and Long1 Branch RR.— Perth

Aruboy to Bay Head, N. J., 38.04 m.; 2d track, 38.04
im.; sidings, 29.77 miles. Steel rails, 82.25 miles.
Consolidation, Dec. 21, 1881, of the New York and
Long Branch, the New Egypt and Farmingdale, the
Long Branch and Sea Girt, the N. Y. and Long
Branch Extension, and the Long Branch and Barne-

ft Buy RRs. On Jan. 2, 1888, the C. RR. Co. of N.
and the Penn. RR. Co. took a joint lease of this
! road for 99 years; rental, interest on bonds, 7 p. c.
on stook, and $6,000 for organization. Dividends
are paid monthly. The road is operated under inde-

852

POOR'S MANUAL OF EAILROADS — RAILROAD "SYSTEMS.'

cbarges. (For statements of income account, general
balance sheet, etc., see General Index.)

Allentown Terminal RR.— East Allentown
to Main Line (G. RR. of N. J.), 3.27 m.;
2d track, 2.69 m.; sidings, 4.45 miles. Organized
Aug. 17, 1888; opened March 17, 1890. Leased for
999 years to the P. & R. & C. RR. Co. of N. J. by
assignment from L. C. & N. Co., at a rental equal to
Interest on bonds and 5 p. c. on stock (payable J. &
D., in Philadelphia.) Financial Statement, Dec. 31,
1897.— Capital stock (shares, $50), $450,000; funded
debt, 1st mtge. 4 p. c. 30-yr. $1,000 gold bonds, due
July 1, 1919, interest Jan. and July, at Philadelphia,
Pa., $450,000; current liabilities, $133,083; accrued
interest on bonds, etc., $9,120— total, $1,042,203.
Contra: Cost of road, $1,028,312; cash and current
assets, $13,891— total, $1,042,203. Bonds guaranteed,
principal and interest, by the Phila. and Reading and
Li-high Coal and Nav. Cos. Interest payable in Phila-
delphia. Trustee: Central Trust Co., New York, N.
Y. Lewis A. Riley, Pres.; S. Shepherd, Sec. &
Treas., Philadelphia, Pa. Corporate Office, 108 South
Fourth St., Philadelphia, Pa.

Necuiuehoniiig; Valley RR.— Nesquehoning
June, to Tamanend, Pa., 16.66 m. ; Hauto and Lans-
ford, 1.12 m.— total, 17.78 m.; 2d track, 7.93 m. ;
sidings, 6.67 miles. Opened in 1870. Leased Nov.
4, 1868, to Lehigh Coal and Navigation Co. for 999
years. The main line of the road is included in the
lease of the L. & S. RR., made March 31, 1871, to
the C. RR. Go. of N. J., and is now operated by that
company. Rental under the lease was 10 p. c. on the
capital stock, the lessee having the right to commute
the rental by the purchase (at par and accrued inter-
est) of the share capital of the lessor company. On
the 24th of June, 1879, when about to exercise this
right, a supplementary agreement was entered into
whereby the lessee agreed to suspend such option
until Sept. 1, 1884, the rental during that period
being reduced to 7 p. c. On Feb. 29, 1884, a second
agreement was made by which the lessee's option
was further suspended for a period of 20 years from
Sept. 1, 1S84, the rental during that time to be
guaranteed at the rate of 5 p. c. per annum, free of
all taxes. Rent and taxes, 1897, $79,090. Capital
stock, $1,418,600. Cost of road, etc., $1,420,311. L.
A. Riley, Pres.; C. F. Howell, Sec.; C. A. Ross,
Treas., Philadelphia, Pa. Corporate Office, 108 South
Fourth St., Philadelphia, Pa.

Tresckow RR.— Silverbrook to Audenried, Pa.,
7.56 m. ; sidings, 8.87 miles. Incorporated May 26,
1870; opened in 1872. Leased to Lehigh Coal and
Navigation Co., and included in the lease of the L.
& S. RR., made March 31, 1871, to the C. RR. Co. of
N. J., and is now operated by that company. Capi-
tal stock (par, $50), $130,000 paid in; floating debt,
$153,402— total, representing cost, etc., $283,402. L.
A. Riley, Pres.; S. Shepherd, Sec. & Treas., Phila-
delphia, Pa. Corporate Office, 108 So. Fourth St.,
Philadelphia, Pa.

Willcesbarre and Scranton Ry.— Scran-
ton to Minooka June., Pa., 4.85 m.; 2d track, 1.59 m.;
sidings, 6 miles. Gauge, 4 ft. 8i in. Rail (steel), 70
Ibs. Chartered Sept. 8, 1886, to build a railroad from
Scranton to Pittston; opened as above May 1, 1888.
Leased from date of opening to the Lehigh Coal and
Navigation Co. for 5 p. c. dividends on stock and

interest on bonds. The lease was on the same day
assigned to the C. RR. Co. of N. J., at a rental equal
to 6 p. c. on the cost of the road. Financial State-
ment.—Capital stock (shares, $50), $500,000; funded
debt, 1st mtge. 4i p. c. 50-yr. cy. bonds, dated May
1, 1888, interest May and Nov., $500,000— total, $1,-
000,000. Contra: Cost of road, $1,085,181. Interest
payable at 108 South Fourth Street, Philadelphia,
Pa. Trustee of bonds: Fidelity Insurance Trust and
Safe Deposit Co., Philadelphia, Pa. L. A. Riley,
Pres.; S. Shepherd, Sec. & Treas., Philadelphia, Pa.
Corporate Office, 108 So. Fourth St., Philadelphia,
Pa.

Lehlgrh and I,m-kav\ iiiina RR.— Bethle-
hem, Pa., to Wind Gap, Pa., 25.40 m.; operated:
Wind Gap and Delaware RR. (see below), 9.71 m.;
trackage (P. P. & B. Ry.), 2 m.— total, 37.11 m.;
sidings, etc., 5.26 miles. Gauge, 4 ft. 8i in. Rail-
iron, 57 Ibs.; steel (39.32 m.), 60 Ibs. Organized May
1, 1861. Road opened in 1867; leased to Lehigh Coal
and Navigation Co. for 99 years, from Jan. 23, 1867.
Operated by the C. RR. of N. J., in connection with
the Lehigh and Susquehanna RR., from Jan. 1, 1893,
for 21 p. c. of gross receipts. Rolling stock supplied
by Central RR. Co. of N. J. Financial Statement,
June 30, 1897.— Capital stock ($50 shares) authorized,
$1,000,000; issued, $370,500; funded debt (1st mtge.
7 p. c. 30-yr. cy. bonds, due Dec. 1, 1907, $100,000;
2d mtge. 7 p. c. 30-yr. bonds, due Dec. 10, 1907,
$500,000), $600,000— total, representing cost, etc.,
$970,500. Interest payable at the office of Fidelity
Trust Co., Philadelphia, Pa. L. A. Riley, Pres.; S.
Shepherd, Sec. & Treas.; C. F. Howell, Auditor.
Philadelphia, Pa. General Office, 108 South Fourtb
St., Philadelphia, Pa.

WIND GAP AND DELAWARE RR.— Bangor,
Pa., to Saylorsburg, Pa., 9.71 miles. Chartered Nov.
24, 1880; completed in 1888. Gauge, 4 ft. 81 in.
Rail, 60 Ibs. Operated in connection with Lehigh and
Lackawanna RR. Capital stock paid in, $50,000; par,
$50. L. A. Riley, Pres.; S. Shepherd, Sec. & Treas.,
Philadelphia, Pa. Corporate Office, 108 So. Fourth
Street, Philadelphia Pa.

Mauch < lunik. Summit Hill and
Switchback -RR.— Mauch Chunk, Pa., to Summit
Hill, Pa., 9 miles. This gravity road was built in
1826 for the transportation of coal from Summit
Hill to the Lehigh River at Mauch Chunk. The
empty cars were hauled back by mules, brought
down in a car for that purpose with the coal. For
the return of the empty cars there were built in 1844
two inclined planes— Mt. Pisgah, 2,322 ft. long and
900 ft. rise above Mauch Chunk, and Mt. Jefferson,
2,070 ft. long and 462 ft. rise — making an entire
circuit of 18 miles. It was abandoned for transpor-
tation of coal in 1870, and has been operated since
exclusively as a pleasure road. It is leased from the
owners, the C. RR. of N. J., by T. L. and H. J.
Mumford, of Mauch Chunk, and is operated from
May 15 to Nov. 1, each year. Equipment: 18 8-wheel
passenger cars, 7 4-wheel passenger cars, 4 8-wheel
coal cars, 1 8-wheel flat car, 1 8-wheel water car, and
3 4-wheel workmen's trucks. Earnings, year ending
Dec. 31, 1897, $18,696; expenses and taxes, $13,782;
net earnings, $4,914. T. L. Mumford, Mgr., Mauch
Chunk, Pa.

George P. Baker. . .New York, N. Y.

Harris C. Fahnestock "

James A. Garland. . . " "

J. Rogers Maxwell. Brooklyn, N. T.

Samuel Sloan New York, N. Y.

Frederick G. Bourne "

Board of Directors, Central RR. Co. of New Jersey, elected May 6, 1898.

Henry Graves Orange,N. J.

Charles Lanier New York, N. Y.

Henry W. Maxwell... Brooklyn, N. Y.

J. ROGERS MAXWELL, President New York, N. Y.

George P. Baker, 1st Viet- President " "

S. M. Williams, 2d Vice-Prtsident and Controller "

Secretary— Samuel Knoz New York, N. Y. | Treasurer— 5 . W. Watson New York, N. Y.

PBINCIPAIJ OFFICE AND ADDRESS 143 Liberty Street. New York, N. Y.

CENTRAL VERMONT RAILROAD COMPANY.

Main Line of Road.— Windsor, Vt., to Rouse's Point, N. Y 158.4 m.

( Montpelier Junction to Montpelier, Vt 1.4 m.

Branches : •< Essex Junction to Burlington, Vt 8.0 m.

( Swanton Junct., Vt., to Province Line, P. Q 11.0 m. — 178.8 miles.

Montpelier and White River RR. : Montpelier to Williamstown, Vt 13.5

Leased Lines : (For details see paragraph following) 318.2 "

Total length of lines operated, June 30, 1897 510.5 miles. /

POOR'S MANUAL— CENTRAL VERMONT RR. CO.

353

2d track, 5.2 m.; sidings, etc., 136 miles. Gauges, 4 ft. 8£ iu., and (36 miles) 3 ft. Rail
(steel, 525.6 miles), 56, 60, 72 and 75 Ibs.

Leased lines are as follows: Burlington and Lamoille Valley Ry., 26 m.; Missigquoi
Valley RR., 28 m.; Montreal and Vermont Junction Ry., 23.6 m.; Stanstead, Shefford and
Chambly RR. 43 m. ; J.'ontreal and Province Line RR., 40.6 m. ; New London Northern RR.,
121 m.; Brattleboro' and Whitehall RR., 36 m.— total, 318.2 miles.

In passing from Windsor to Brattleboro' this company uses the tracks of the Sullivan
County RR. from Windsor to Bellows Falls, and of the Vermont Valley RR. from Bellows
Falls to Brattleboro'.

History. — Consolidation, Dec. 9, 1891, of the Central Vermont, Vermont and Canada,
and Montpelier and White River RR. Cos. (See MANUAL for 1887, p. 25, and MANUAL for
1891, p. 97.)

On March 23, 1896, E. C. Smith and Chas. M. Hays were appointed receivers in a suit in
equity brought by the Grand Trunk Ry. Co. of Canada. On April 1, 1896, default was made
on interest due under the lease of the Ogdensburg and Lake Champlain RR., and shortly
afterwards default was made in the rental due to the Rutland RR. Co. The latter road was
surrendered to its owners on May 7, 1896. The Ogdensburg and Lake Champlain RR., was
turned over to a separate receiver on March 21, 1897.

Suits in foreclosure proceedings have been brought under both of the Consolidated RR.
Co. of Vermont mortgages. No plan of reorganization had been agreed upon at the time of
sending this part of the MANUAL to press. For later information see SUPPLEMENT.

Rolling Stock, June 30, 1897. — Locomotives, 139. Cars — passenger, 66 ; baggage, ex-
press, and postal, 54 ; freight (box, 752 ; flat, 678 ; stock, 39 ; eoal, 858), 1,827 ; caboose, 58 ;
other cars, 86 — total, 2,091. Contributed to fast freight lines, 1,910 cars additional.

Operations, year ending June 30, 1897. — See eight-year tabulated statement below.

Expenses— Conducting Transportation $1,829,403 23

Maintenance of Equipment 436,584 86

Maintenance of Way 577,738 02

General 153,428 35

Earnings— Passenger $997,422 66

Freight 2,460,659 05

Mail and Express 155,472 43

Miscellaneous 88,73936

Total ($7,252.29 per mile) $3,702,293 50 Total" ($5,871. 02 per mile) $2,997,154 46

Net earnings (19.05 p. c.), $705,139.04. Payments : Taxes, $105,946.84 ; rentals leased
lines, $379,605.75— total, $485,552.59. Surplus, $219,586.45.

Statement of operations, etc., for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles Railroad Operated....
Passenger Train Miles
Freight Train Miles

628.60
1,561,188
3,800,761
2,071,061
51,324,438
3,288.221
412,248888

$

1,335,311
3,224,574
165,759
18,550

731.70
1,671,586
2,527,876
2,197,820
57,118,399
3,046,724
378,822,070
$
1,346,381
3,017,113
164,596
13,270

802.70
1,866,046
2,911,368
2,317,657
60,991,946
3,244,386
409,832,891
S
1,450,040
3,251,682
164,817
*98,749

802.70
1,926,723
2,843,742
2,606,379
65,276,972
3,119,978
393,008,142
$
1,505,324
3,212,320
173,908
*192,114

772.3
1,761,972
2,579,059
2,411,084
66,646,898
2,902,065
362,955,961
$
1,465,087
2,951,519
204,053
111,503

772.3
1,622,105
2,423,140
2,358,921
58,890,540
3,105,873
367,011,248

1,330,278
2,942,706
202,829
121,017

637.0
1,666,846
2,395,198
2,512,428
62,130,639
3,223,597
380,218,212
$
1,371,648
2,991,505
197,045
122,745

510.50
1,291,189
1,946,943
1,836,554
44,751,078
2,996,374
324,614,730

997,423
2,460,659
155,472
88,739

Passengers Carried

Passengers Carried 1 Mile..
Freight Moved, Tons
Freight Moved 1 M.,Tons..

Passenger Earnings

Freight Earnings

Mail and Express Earnings.
Miscellaneous Earnings

Total Traffic Earnings..

4,744,194
3,211,954

4,541,359
3,141,954

4,665,288
3,300,392

5,083,666
3,494,875

4,732,162
3,189,955

4,596,830
3,076,634

4,682,943
3,208,927

3,702.293
2,997,154

1,532,239

7,547.24
5,109.69
2,437.55
67.71 p. C.
2.60 c.
0.81 C.

1,399,405

7,189.11
4,978.81
2,215.30
69.19 p. C.
2.35 C.
0.79 c.

1,664,896

6,183.42
4,110.08
2.073.34
69.45 p. C.
2.38 c.
0.79 c.

1,588,791

6,333.29
4,353.89
1,979.31
68.74 p. c.
2.30 c.
0.81 c.

1,542,207

6,002.38
4,130.46
1.871.92
67.41 p. c.
2.11 c.
0.81 c.

1,520,196

5,811.21
3,983.73
1.827.48
66.93 p. c.
2.26 c.
0.80 C.

1,474,016

7,351.56
5,037.56
2.314.00
68.52 p. c.
2 21 C.
0.79 c.

705,139

7,252.29
5,871.02
1,381.27
80.95 p. c.
2.23 c.
0.76 c.

Gross Earnings per Mile. . . .
Gross Expenses per Mile . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Passenger p. M.
A.V. Rate p. Ton p. Mile. . . .

* Includes net earnings from Sound and Lake steamers.

Financial Statement, Consolidated RR. Co. of Vermont.— Common stock, $300,000 ; pre-
ferred stock, $750,000 ; capital stock Central Vermont RR., $1,000,000 ; funded debt (1st con-
23

354

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

sol. mtge., Consolidated KR. of Vermont, 5 p. c. 30-yr. $100, $500 and $1,000 currency bonds,
due July 1, 1913, interest payable Jan. and July at the office of the American Loan and Trust
Co., Boston, Mass.), $7,000,000— total, $9,050,000. Interest due Jan. 1, 1897, on the 5 p. c.
bonds of 1913 is in default. Trustees of bonds : W. T. Averill and Stuyvesant Fish.

In 1892 an issue of $15,000,000 1st consol. 4 p. c. $1,000 coupon and registered gold bonds
was authorized by the Central Vermont RR. Co., to mature Jan. 1, 1943, interest payable Jan.
and July at the office of the trustee, American Loan and Trust Co., Boston, Mass. Of these
$7,700,000 were reserved to retire the bonds of 1913, $1,488,000 to retire certain temporary
bonds, $2,500,000 to pay off the floating debt, and the balance for permanent improvements
upon the entire property (see MANUAL for 1897, p. 339). There have been issued, $3,000,000
of the bonds, of which $2,896,000 are outstanding as collateral for loans and $104,000 are held
in the company's treasury.

In Jan., 1893, there were issued 500 $1,000 gold equipment 6 p. c. bonds, interest Jan.
1 and July 1, principal due in 1903. Twenty-five of these bonds, designated by lot, are drawn
for payment and cancelled on Dec. 31, each year. There are now $375,000 of these bonds out-
standing.

The following statement showing the assets and liabilities of the company on March 19,
1896, was filed by the receivers on July 22, 1896, in obedience to an order of court. Liatili-
ties : Central Vermont stock, $1,000,000 ; equipment bonds, $425,000; guaranteed bonds, O.
& L. C. RR. Co., $318,000 ; floating debt, $2,267,581 ; American Express Co., $350,000 ; con-
sol. coupons, $324,051 ; due persons and companies, $386,844; due railroads, $540,651 ; profit
and loss, $100,297— total, $5,712,427. Assets : Construction and equipment, $1,866,912 ;
trust equiprneat, $471,631 ; real estate, $128,087 ; Montpelier and Wells River Ry. extension,
$191,422; stocks and bonds, $1,939,010; sundry dues, $543,340; materials, $271,722; cash
011 Laud and in transit, $301,298— total, $5,712,427.

RAILROADS LEASED BY THE CENTRAL VERMONT RR. Co.

Burlington and Lamoille Valley RR.—

Essex June, to Cambridge June., Vt., 26 m.; sidings,
etc., 2 miles. Gauge, 4 ft^~ 8J in. Rail (steel, 23
m.), 56 Ibs. Successor to the Burlington and Lamoille
RR. Co. (See Manual for 1893.) ' Leased during the
fiscal year, 1888-89, to the C. V. RR. Co.. for 99
years, at annual rental of |20,200. Dividends (paid
May and Nov., 2i p. c. each)., $20,000; expenses, $200.
Capital stock. $400,000. No bonds. David B. Kan-
lett, Pres., St. Albans, Vt.; Levy H. Bixby, Treas.
& Transfer Agt., Montpelier, Vt. ; George T. Childs,
Clerk, St. Albans, Vt. Corporate Office, Montpelier,
Vt.

MiMsisauoi Valley RR.— St. Albans to Rich-
ford, Vt., 28 m.; sidings, 3 miles. Rail (steel, 28
m.), 66 Ibs. Organized in Dec., 1886, as successor to
the Missisquoi RR. Co. (See Manual for 1891.)
Leased to the C. V. RR. Co., July 1, 1888, at an
annual rental of 4 p. c. on capital. Regular pay-
ments for rental have been in default since the
Central Vermont was put into the hands of receivers.
The road continues to be operated by these receivers,
who are required by the court to pay over to this
company the net earnings of the road as they accrue
from time to time. These were sufficient during the
year 1897 to pay three dividends on the capital stock
— 1 p. c. in Jan., 1 p. c. in Nov., and i of 1 p. c. in
Dec. No dividends were paid in 1898 up to the llth
of May. Capital stock, $500,000. W. Tracy Smith,
Pres.; F. S. Stranahan, Vice-Pres. ; F. Walworth
Smith, Sec., Tr«as. & Transfer Agt., St. Albans, Vt.
Corporate Office, St. Albans, Vt.

Montreal and Vermont Junction Ry.—
Vermont State Line to June, with 8. S. & C. Ry.,
near St. Johns, Que., 23.6 m.; sidings, 2 miles. Rail
(steel), 60 lb«. Operated by the C. V. RR. Co., in
whose acounts all operations are included. Finan-
cial statement and names of officers not reported.
Corporate Office, St. Johns, Que.

Montreal and Province Line Ry. — St.
Lambert to Farnham, Que., 32 m.; Marieville to
St. Cesaire, Que., 8.6 m.— total, 40.6 miles. Sidings,
1.4 miles. Gauge, 4 ft. 8} in. Rail (steel, 32 m.),
38 and 56 Ibs. Successor to the Montreal, Portland
and Boston RR. Co., whose property was sold under
foreclosure March 2, 1896. (See Manual for 1897,
p. 339.) Share capital, $1,000.000; government (P.
Q.) bonus, $231,122; municipal aid, $25,000— total,

Cor-

$1,256,122. No further particulars obtainable,
porate Office, Montreal, Que.

New London Northern RR.— New London.
Conn., to Brattleboro', Vt., 121 m.; sidings, 39.02
miles. Gauge, 4 ft. 8} in. Rail (steel, 121 m.).
57, 58, and 60 Ibs. Reorganization after foreclosure
sale in 1859 of the New London, Willimantic and
Palmer RR. Co. (See Manual for 1888.) The lease
to the trustees of the Central Vermont RR. Co. ex-
pired Dec. 1, 1891, and a new one was made for 99
years from that date to the Consolidated RR. Co. of
Vermont, and was assigned to the Central Vermont
RR. Co. The lessee assumes all responsibilities, and
pays as rental $211,000 a year In monthly install-
ments. The lease includes the entire road, as above,
and the Brattleboro' and Whitehall RR.. from Brat-
tleboro' to South Londonderry, 36 miles. Rental,
year ending June 30, 1897, $211,000; other receipts,
$760— total, $211,760. Expenses and taxes, $6,787^
interest on bonds, $68,120; dividends, Nos. 114 to 1171
(July and Oct., 1896; Jan. and April, 1897, 2J u. C.
each), $135,000— total, $209,917. Surplus, $1,343;
surplus forward, $491,771— total, $493,614. FinaueiaU
Statement, June 30, 1897.— Capital stock (auth., $2.-]
000,000; par, $100), $1,500,000; funded debt (sec be-]
low), $1,500,000; accounts, $3,340; profit and low,
$493,614— total, $3,496,955. Contra: Cost of roadl
and equipment, $3.259,496; bonds, B. & W. RR..
$150,000; steamboat property, $5.000; cash and cnr-l
rent assets, $82,459— total, $3,496,955. Funded debt]
consists of consol. 30-yr. $1,000 currency bond.l, ofl
which $8^2,000 are 5 p. c. and $688,000 4 p. c.;|
all due July 1, 1910, interest payable Jan. and!
July, at the Bank of North America, New York, N.
Y. Bonds are coupon, but may be registered ts tol
principal. The 5 per cents, were issued for the!
purchase of the Brattleboro' Extension, and to proJ
vide means for the construction of the Brattlexno'
and Whitehall RR., completed Nov. 18, 1880, and
leased to the Central Vermont RR. Co. The 4 per
cents, were issued to retire the 1st and 2d mtge
bonds. Trustee of bonds: State Treasurer ^of Connec-
ticut. Robert Colt, Pres. & Treas.; J. A. Southard,
Sec., New London, Conn. General Office, New Lon-
don, Conn.

BRATTLEBORO' AXD WHITEHALL F:R.-
Brattleboro' to South Londonderry, Vt., 36 m. ; a(d-
ings, 4 miles. Gauge, 3 ft. Rail (steel, 17 m. I, M

POOR'S MANUAL — CHESAPEAKE AND OHIO RY. CO.

355

and 40 Ibs. Reorganization in 1876 of the West River
RR. Co.; opened Nov. 3, 1880. Leased in Feb., 1680,
for 99 years to the New London Northern RR. Co.
Operated since Jan. 1, 1883, by the C. V. RR. Co.
Annual rental, $12,000. Locomotives, 3; passenger
cars, 5; freight cars, 102. Financial Statement,
June 30, 1895.— Capital stock, $200.000; funded debt
(1st mtge. 6 p. c. 20-yr. bonds, due 1900, interest
payable in Boston, Mass., or New York, N. Y.),
$150,000— total, representing cost, etc., $350,000.

C. F. Thompson, Pres.; J. L. Martin, Sec.; C. II.
Thompson, Treas., Brattleboro', Vt. Corporate
Office, St. Albans, Vt.

StiiiiNti-uil. Slieflford ami ChamMy RR.—
St. Johns to Waterloo, Que., 43 in.; sidings, etc., 2
miles. Rail (steel, 31 m.), 00 Ibs. Chartered In
1853; opened in 1858-1861. Leased to C. V. RR. Co.;
annual rental equal to interest on $800,000 bonds.
G. G. Stevens, Pres.; John P. Noyes, Sec. & Treas.,
Waterloo, Que.

Board of Directors, Central Vermont RR. Co. , elected Nov. 22, 1895.

Edward C. Smith St. Albans, Vt.

D.D.Ranlett "

C. M. EUys Montreal, Que.

P. S. Stranahau St. Albans, Vt.

John Bell Belleville, Ont.

Robert Coit New London, Conn.

Bradley B. Smalley.. Burlington, Vt.
W. Seward Webb. . . .Shelbume, Vt.

Charles Percy Montreal, Que.

Two vacancies.

EDWARD C. SMITH, President, ) „ . 0. A1. v.

CHARLES M. HAYS, \ ****** «*• Alhans» Vt-

General Supt.—F. W. Baldwin St. Albans, Vt. I Treas. for Receivers— T>. D. Ranlett St. Albans, Vt.

Clerk— Geo. T. Childs " | Auditor for Receivers— M. M. Reynolds. "

PRINCIPAL OFFICE AND ADDRESS St. Albans, Vt.

CHESAPEAKE AND OHIO RAILWAY COMPANY.

Main Line of Road. — Fortress Monroe, Va., to Cincinnati, 0 664.10 miles.

James River Division : Richmond to Clifton Forge, Va., via Lynchburg. 231.80

Big Sandy Division : Ashland to Peach Orchard, Ky 48.20

Lexington Division : Denton to Lexington, Ky 102.70

Kentucky and South Atlantic Branch : Mt. Sterling to Rothwell, Ky 19.50

Sundry Branches and Extensions (including 20:8 m. leased, see below) 158.50

Buckingham RR. : Bremo to Arvonia, Va 20.80

Leased : Virginia Midland Ry.: Gordonsville to Orange, Va 9.00

( Virginia Midland Ry. : Orange, Va., to Alexandria, Va. 77.80

Trackage ; •< Washington Southern RR.: Alexandria, Va., to Washington, D. C. 6.70

( Ashland C. & I. tty.: Ashland to Denton, Ky 21.30

Total length of lines operated (owned, 1,184 m.), June 30, 1897 1,860.40 miles.

2d track, 93.1 m.; sidings, 471.7 miles. Gauge, 4 ft. 9 in. Rail (steel), 50 to 100 Ibs.

Statement of mileage as operated by divisions :
Peninsula Division ;

Portress Monroe to Richmond, Va 84.0 m.

Huntington Division :

W.Clifton Porge,V*.,to Ashland,Ky. 241.4

Warm Springs Valtey Branch 24.7

Hawk's Nest Branch 3.4

South Side Branch 12.8

Loup Creek Branch 9.8

Keeney 's Creek Branch 7.8

Cabin Creek Branch 14.6

Qauley Branch 14.3— 338.6m.

Cincinnati Division :

Ashland, Ky., to Cincinnati, O 145.6

Kinniconnick Branch (accounts kept
separately) 19.8— 165.4m.

Big Sandy Division :

Ashland to Peach Orchard, Ky 48.2 m.

Lexington Division :

Ashland to Lexington, Ky. (leased,

21.3 m.) 124.0

Ken. & So. Atl. Branch (n. g.) 19.5—143.5 m.

History. — Reorganization without foreclosure, Oct. 1, 1888, of a company of the same
name, whose property had been in the hands of a receiver since Oct. 28, 1887. (See MANUAL
for 1888, page 603 ; also MANUAL for 1891, page 104.) The Kinniconnick branch, 19.8 m., is
operated for account of the Kinniconnick and Freestone RR. Co., and accounts are kept sepa-
rately. The lease of the Virginia Midland Ry. from Gordonsville to Orange dates from March
1, 1891, and the trackage arrangement for the use of the rest of the Washington Division (for
through traffic only) from April 1, 1891.

This company owns the Louisville and Jeffersonville Bridge property jointly with the
C., C., C. & St. L. Ry. Co. (statement for which see), and has trackage rights over the Louis-
ville and Nashville RR. from Lexington to Louisville, Ky., 84 miles, completing a connection

Richmond Division :

Richmond to W. Clifton Forge, Va..l93.1

Mineral City Branch 4.0—197.1 m.

Washington Division :

Gordonsville to Washington (incl. 84.5 m.
trackage) 93.50m.

James River Division :

Richmond to Clifton Forge, Va 231.8

Craig Valley Branch, Va 26.4

Lexington Branch (leased, 1 m.) 21.1

Buckingham Branch 20.8—300.1 m.

356

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.1

With the bridge. The company has operated this line since April 1, 1896, but its earnings
and expenses have been kept separately. (See MANUAL for 1897, page 341.)

CONTRACTS, AGREEMENTS, ETC. — The company has contracts and agreements with other companies as fol-
lows: With Adams Express Co., from whom it receives 40 p. c. of earnings, same to be not less than $75,000
per annum; with Pullman's Palace Car Co., by which the latter maintains its own cars and retains all earn-
ings under $7,500 per annum, the C. & O. Ry. Co. paying all running expenses except salaries; with Southern
Ry. Co., lease for 99 years and one month from March 1, 1891, of the line from Gordonsville to Orange, Va.,
9 m., for $6,000 per annum; with the same company, for 99 years from April 1, 1891, for use of tracks from
Orange to Alexandria, 77.8 m., the C. & O. to pay its proportion, based upon car and engine wheelage, of
$125,000 (being interest at 5 p. c. upon valuation of said 77.8 m. of road and appurtenances), provided that
proportion shall not in any year be less than $31,250, and of the further payment of its proportion upon the
same basis of cost of maintenance of said 77.8 m. and salaries of employees; with the Washington Southern
Ry. Co., securing right to run trains for 25 years from June 13, 1891, from Alexandria to Long Bridge, in
consideration of payment of its proportion upon car and engine wheelage, of cost of maintenance and salaries
of employees, and interest at 5 p. c. upon $250,000, valuation of track; with Baltimore and Potomac RR. Co.,
securing right to run trains from south end of Long Bridge to Depot in Washington, for 10 years from June
30, 1891, in consideration of payment of proportion, based upon car and engine wheelage, of cost of mainte-
nance of track and wages of employees; with Western Union Telegraph Co., owning lines on the Chesapeake
and Ohio RR., and giving this company 25 p. c. of receipts from all commercial business done at C. & O.
stations, and telegraphing to the extent of $14,500 per annum free, the Chesapeake and Ohio hauling freight
free for the telegraph company to the extent of $1,200, each company maintaining its own lines; with
Ashland Coal and Iron Ry. Co., leasing to C. & O. Ry. Co. its road and appurtenances from Ashland to
Denton, 21.2 m., for $21,000 per annum.

Rolling Stock, June 30, 1897. — Locomotives, 355. Cars — passenger, 114 ; combination,
32 ; dining, 6 ; parlor, 6 ; business and pay, 4 ; baggage, mail, and express, 49 ; air-brake
instruction, 1 ; freight (box, 5,302 ; stock, 541 ; flat, 682 ; coal and coke [100 leased], 6,774 ;
miscellaneous, 509), 13,808 — total cars, 14,020. Floating Equipment. — Passenger steamer, 1;
tugs, 3 ; car floats, 3 ; barges, 3 ; and 3 Ohio Eiver ferry-boats. In addition to this equip-
ment the company operated and maintained op the Cabin Creek Branch 2 locomotives and 65
freight cars belonging to the Kanawha Ry. Since the close of the fiscal year 1,500 box cars
have been added to foregoing equipment.

Operations, year ending June 30, 1897. — See tabulated statement on p. 358.

Earnings— Passenger $1,857,897 85

Freight . ; 8,389,373 95

Express 113,324 78

Mail 266,63449

Miscellaneous 80,951 74

Total (18,392.65 per mile) $10,708,182 81

Expenses— Conducting Transportation $3,048,176 27

Maintenance of Equipment 1,477,26$ 91

Maintenance of Way 1,366,185 42

General Expenses 796,223 51

N.N.& N. Ter. & C.& C. Bridge. 598,915 07

Total ($5,711.00 per mile) $7,286,769 18

Net earnings (31.95 p. c.), $3,421,413.63 ; other receipts, $79,325.81— total, $3,500,739.44.
Payments : Interest on bonds, $3,134,137.23 ; other interest, $64,060.46— total, $3,198,197.69.
Surplus, $302,541.75 ; surplus forward, 4685,033.63— total, $987,575.38. Deduct cost of open-
ing Louisville Line, $129,195.64 ; annual pro rata proportions of discount on 4£ p. c. bonds,
$7,094.55 ; sundry accounts written off, $28,345.23— total, $164,635.42. Balance to credit,
June 30, 1897, $822,939.96.

General Balance Sheet, June 30, 1897.

Road and Equipment. .$123,737,692 67
Cost of G. & N. R. RR. 400,000 00
Sundry Constr'n Accts. 107,182 05
Disc., 4i p.c. B'ds Sold 666,888 34— $124,911,763 06

Materials and Supplies 315,094 66

Other Invested Assets 2,980,699 23

Deposit to Pay Coupons 270,982 00

Due by Coal Agencies 121,891 69

Current Accounts and Balances 914,335 16

Bills Receivable 34,155 41

Cash on Hand 71,116 88

Total Assets $129,620,038 09

$25,400 00

First Preferred Stock $13,000,000

Less Deposited in Trust 12,974,600—

Second Preferred Stock 12,000,000

Less Deposited in Trust 12,973,500— 26,500 00

Common Stock 60,497,500 00

Funded Debt 65,158,379 21

Bills Payable, due July 1, 1898 500,000 00

Unpaid Coupons, incl. July 1, 1897 272,634 50

Accrued Interest on Funded Debt 683,614 80

Vouchers & Pay Rolls (incl. June, 1897) 1,180,198 20

Sundry Accounts.

Profit and Loss

452,871 42
822,939 96

Total Liabilities .$129,620,038 09

Cost of road and equipment includes franchises and ownership in Maysville and Big Sandy RR. Co.,
Covington and Cincinnati Bridge Co., Elizabethtown, Lexington and Big Sandy RR. Co., Ohio and Big Sandy
RR. Co., and Kentucky and South Atlantic Ry. Co.

A pro rata proportion of the $666,888.34 discount on 4J p. c. bonds sold, shown among permanent in-
vestments in the balance sheet, is chargeable annually to profit and loss until the maturity of the bonds.
This amount thus written off for the past fiscal year was $7,094.55, as shown in profit and loss account.

" Other invested assets " consists of: Cost of C. & O. SS. Co. securities, $706,332.57; cost of sundry secu-
rities in treasury, $842,577.64; C. & O. Ry. 4i p. c. bonds in treasury, $1,074,000; Richmond improvements,
$141,641.89; Norfolk Terminal property, $194,718.37; Kinniconnick and Freestone RR., $21,428.76— total.
$2,980,699.23.

POOR'S MANUAL — CHESAPEAKE AND OHIO RY. CO. 357

The Purchase Money Funding bonds have been retired since the close of the fiscal year and a like
amount of consol. 1st mtge. bonds issued in place of them.

The 1st mtge. gold bonds of 1908 (series A and B) are secured on the main line (Richmond to Hunting-
ton) and franchises of the old C. & O. Ry. Co. The bonds of series A are limited to $2,000,000, and were
issued to provide means for the extension of the road from Richmond to Newport News and to provide ter-
minal facilities at the latter point. They were issued under the same mortgages as series B bonds, have
equal security with that issue, and, in addition, are specially secured by a lien, in common with the $2,-
000,000 6s of 1911, on the Newport News Extension and the Newport News terminal facilities. They are for
$1,000 each, in coupon form, with privilege of registration. Trustee: Central Trust Co., New York, N. Y.

The Peninsula Extension bonds are secured on the line from Newport News to Richmond, 75.10 miles.
They are $1,000 coupon bonds, with provision of registration of principal. They were issued to provide
means for the extension of the road from Richmond to Newport News. Trustees: John Hillhouse and E. St.
John. RR. covered, 75.10 m. ; average per mile, $26,631.15.

The Terminal bonds are scecured on the extension from Newport News to terminals, 7.8 m. ; average
per mile, $18,205.10. They are $500 and $1,000 bonds, in coupon form, with provision for registration of
principal. Trustees: J. P. Lloyd and F. H. Davis.

The 1st consol. mtge. bonds were issued under the provisions of the plan of reorganization, and cover
the entire old line of the company, and also (by deposit with trustee of the stocks and bonds issued by the
companies owning them and belonging to the C. & O. Ry. Co.) the extension from Ashland to Covington and
the bridge across the Ohio River from Covington to Cincinnati. A sufficient amount of the bonds is reserved
for the retirement of the before described divisional liens. Since the close of the fiscal year $2,287,000 of
these bonds have been issued to replace an equal amount of purchase money funding bonds retired and can-
celled. Total amount outstanding April 1, 1898, $25,858,000. The coupon bonds are for $1,000 each, and may
be registered as to principal, or may be exchanged for full registered bonds of $500, $1,000 and $10,000 each.
Trustee of mortgage and registrar of transfers of registered bonds: Central Trust Co., New York. RR. cov-
ered, 658.59 m. ; average per mile, $35,790.10.

The R. d A. Div. bonds are secured in the order of their priority on the line from Richmond to Clifton
Forge, Va., with branch from Balcony Falls to Lexington, together 253.32 miles. The bonds are for $1,000
each in coupon form, with privilege of registration of principal; principal and interest payable in gold.
Trustees: Central Trust Co. of New York, and Henry T. Wickham, of Richmond.

The 1st and 2d consol. mtge. bonds on Richmond and Allegheny Ry. Division (now called James River
Division) were issued as part of the purchase price of the R. & A. Ry. and property. RR. covered (each),
2S3.32 m.; average per mile, 1st consol., $19,737.88; 1st and 2d consol., $3,947.57.

The Craig Valley Branch bonds were issued for the Craig Valley Extension, from Bessemer to Craig
City. They are $1,000 gold coupon bonds, with provision for registration of principal. Trustees: Central
Trust Co. of New York, N. Y., and Decatur Axtell, Richmond, Va. RR. covered, 26.06 m. ; average per mile,
$24,942.44.

The Warm Springs Branch bonds are secured on the line from Covington to Hot Springs, Va., 24.78
miles. They are for $1,000 gold each, in coupon form, and are convertible into registered bonds. Trustee:
Central Trust Co. of New York. RR. covered, 24.78 m. ; average per mile, $16,142.05.

The Buckingham RR. 1st mtge. bonds have been retired since the close of the fiscal year, by exchange
for an equal amount of C. & O. Ry. Co. gen, mtge. bonds.

The Elizabethtown, Lexington and Big Sandy bonds are secured by an absolute 1st mtge. on the
Lexington Division, from Denton to Lexington, Ky., 102.31 m., and from Big Sandy River to A. C. & I.
Junction, together 109.72 miles. The bonds are for $1,000 each, in coupon form, with privilege of registra-
tion; principal and interest payable in gold. They were originally 6 p. c. bonds, but interest was reduced
to 5 p. c. in consideration of the C. & O. Ry. Co. guaranteeing the payment of principal and interest. The
guarantee is endorsed on each bond, and in addition the following is printed across the face, and across the
back: " The rate of interest on this bond has been reduced to 5 p. c. per annum- from July 1, 1892.-" The
original amount was $3,500,000 but $218,000 have been retired by sinking fund, and $275,000 are owned by the
C. & O. Ry. Co. and deposited as security for the gen. mtge. bonds. A sufficient amount of the latter is
reserved for the retirement of the outstanding E., L. & B. S. RR. bonds. Trustees: Philo C. Calhoun and
William K. Kitchen. RR. covered, 109.72 m. ; average per mile, $27,406.12.

The gen. mtge. bonds were issued under the terms of a mtge. executed Feb. 23, 1892, to the Central
Trust Co. of New York and Henry T. Wickham, as trustees. The bonds are for $1,000 each, in coupon form,
but may be registered as to principal at the agency of the company in New York, or may be exchanged for
full registered bonds of $1,000 and $10,000 each at the office of the Central Trust Co. of New York. The
amount of the mtge. is $70,000,000 (subject to an additional amount for double tracking, as explained here-
after), the bonds to be issued only for the following purposes: $1,500,000 for general purposes of the company;
$32,691,000 for retirement of prior liens; $12,667,000 in exchange for first and second preferred stock, as ex-
plained elsewhere; and $23,142,000 at the rate of not exceeding $2,000,000 in any calendar year, for improve-
ments, additions, etc. In addition to this amount of $70,000,000, a further amount of bonds having equal
pro ratu security under the mtge., may be issued from time to time to provide for the actual cost of double
tracking the road (not to exceed an average of $25,000 p. m. of double track) ; but not over $1,500,000 shall
be issued for this purpose in any one year, and no section of double track shall be less than 3 m., unless it
is to connect two other sections. This gen. mtge. is a lien (subject to the existing liens, all of which are
provided for in it except the R. & A. Div. bonds) on all the lines of railway of the C. & O. Ry. Co. ; also
the company's leasehold and trackage rights for reaching Washington; also on all property of any description
hereafter acquired by use of the bonds. (Since June 30, 1897, the lien of this mtge. has been extended to
cover the Buckingham RR. which has been acquired by issue of $270,000 of these bonds.) In the case of addi-
tional lines of railway so acquired the mtge. is to be a first lien, or if any prior liens be outstanding, a like
amount of these bonds (out of the $70,000,000) is to be reserved. The bonds are additionally secured by de-
posit with the Central Trust Co. of the following securities owned by the C. & O. Ry. Co. : All of the stock
and bonds of the Kentucky and South Atlantic ; all but 210 shares of stock and all bonds of the Ohio and Big
Sandy; all of the stock, $275,000 1st mtge. bonds, $550,000 2d mtge. bonds, and $489,000 debenture bonds of
the Eli^abethtown, Lexington and Big Sandy; all of the bonds of the Kinniconnick and Freestone RR. Co.,

; and £10,000 of the capital stock of the C. & O. SS. Co.

The terms of exchange of preferred stock were: For first preferred, two- thirds in new general mtfje.
bonds and one-third in common stock; and for second preferred, one-third in new general mtge. bonds and
two-thirds in common stock. The conversion is practically completed. The converted shares are deposited

i in trust and held alive for the present.

Interest on all bonds payable at the office of J. P. Morgan & Co., New York,

358

POORS MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

Statement of operations, etc., for seven fiscal years, ending June 30 :

1891

1892

1893

1894

1895

1896

1897

Miles Operated (Aver.).
Passenger Train Miles.
Freight Train Miles. . . .
Total Train Mileage..
Passengers Carried
Passengers One Mile . . .
Freight (tons) Moved. . .
Freight (ton) Miles

Earnings— Passenger. . .
Freight
Other

*934.00
1.999,103
4,313,391
8,544,898
1,692,072
81,908,164
4,166,102
1,135,943,311

1,765,299
5,963,516
398,2%

*993.00
2,197,890
4,809,891
9,243,075
1,982,482
87,702,539
4,558,864
1,292,169,476

1,913,187
6,694,953
396,459

•1,192.50

2,608,922
5,227,072
10,434,526
2,466,299
118,505,564
5,498,881
1,479,487,919
$
2,356,975
7,565,511
414,324

*1,287.10
2.468,230
4,616,301
9,135,703
1,893,215
105,639,391
4 794 071
l,387,89i;879
$
2,011,978
6,630,201
401,929

^1,275.9

2,491,287
5,467,616
10,410,483
1,813,379
93,268,067
5,671,200
1,720,788,501

1,847,148
7,304,816
445,067

*1,275.9

2,508,916
5,649,444
10,566,277
1,957,954
99,864.173
6,544,835
1,836,024,472
$
1,949,789
7,810,598
460,744

*1,275.9
2,551,097
5,684,832
10,478,142
1,798,122
93.813,906
6,491,297
2,000,094,742

s

1,857,898
8,389.374
460,911

Total Earnings
Expenses and Taxes. . . .

Net Earnings

8,127,111
6,083,519

9,004,599
6,731,731

10,336,810
7,132,761

9,044,108
6,027,128

9,596,031
6,464,528

10,221,131
6,963,153

10,708,183
7,286,769

2,048,592
18,521

2,272,868

3,204,049
23,680

3,016,980
13,366

3,131,503
11,445

3,257,978
23,548

3,421,414
79,325

Other Receipt*

Available Revenue

Int. & other Payments-
Balance, Surplus.

2,062,113

1,842,303
+ 219,811

8,70140
6,513 40
2,18800
74. 65 p. c.
2.15C.
0.52c.

13,000,000
12,000,000
46,000,000
37,026,826
1,333,190
474,802
906,497
1,053,464

2,272,868

1,881,548
+ 391.319

9,06806
6,779 19
2,28889
74.76 p. c.
2.18c.
0.52C.

$

1,852,100
2,135,000
58,407,400
54,201,588
1,132,126
523,084
2,014,363
1,181,187
193,125

3,227,729

2,800,718
+ 427,012

8,66818
5,98135
2,68683
69.01 p. c.
1.89c.
0.51 c.

876,200
295,600
60,233,600
60,717,588
909,871
845,705
640,742
1,694,863
620,137

3,080,346

3,016,287
+ 14,060

7,076 21
4,715 69
2,360 52
66. 64 p. c.
1.91c.
0.48c.

45,700
57,600
60,469,100
63,472,963
718,849
928,147
1,952,598
1,172,080
634,197

3,142,948
3,124,242
+ 18,706

7,52099
5,06664
2,45435
67.37 p. c.
1.98c.
0.43c.

36,100
46,600
60,479,700
64,192,379
543,900
950,541
175,000
1,485,362
652,904

3,281,526

3,134,185
+ 147,341

8,010 92
5,457 44
2,553 48
68. 13 p. c.
1.95C.
0.43c.
1
32,500
28,900
60,493,000
65,040,679
691,267
961,332
125,000
1,187,583
685,034

3,500,739
3,198,197
+ 302,542

8,39265
5,711 00
2,681 65
68.05 p. c.
1.98c.
0.42c.

25,400
26,500
60,497,500
65,046,679
111,700
956,249
500,000
1,633,070
822,940

Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile .
Expenses to Earnings..
Av. Rate per Pass. p.M.
Av. Rate per Ton p. M .

First Preferred Stock . .
Second Preferred Stock
Common Stock

Funded Debt

Equipm. & Car Trust. . .
Unpaid and Acer. Int..
Bills Payable

Current Liabilities
Profit and Loss

Total

111,794,779

109,337,888
362,551
306,702
1,252,173
263,418
82,143
189,904

121,639,973

118,968,868
338,796
408,942
1,278,007
413,688
231,672

126,234,306

122,521,132
318,532
1,381,725
1,707,795
225,930
139,192

129,451,234

123,786,014
259,464
3,686,078
1,350,567
271,001
98,110

128,562,486

124,755,329
223,109
1.964,495
1,285,785
277,330
56,438

129,245,295

124,920,298
229,990
2,736.137
1,001,082
276,263
81,525

129,620,038

124,911,763
315,095
2,980,699
1,070,382
270,982
71,117

Permanent Investments
Materials and Supplies.
Other Investments
Accounts, Balances, etc.
Special Cash Deposits..
Cash on Hand

Profit and Loss

Total

111,794,779

121,639,973

126,234,306

129,451,234

128,562,486

129,245,295

129,620,038

* Also, 84.5 m. between Orange and Washington, operated under trackage agreement during a part of
1891 and throughout the other years.

Statement of funded debt outstanding, June 30, 1897 :

DESCRIPTION OF BONDS.

Date
Issued.

Interest.

Principal
Due.

Amount
Outstand-
ing.

Purchase Money Funding, Gold

July 1, 1878

6 p. c., Jan. & July.

July 1, 1898

§2,287,000 00

* iri /-. i j ( Series A . . . . )

j 2,000,000 00

1st Mtge. Gold \ gerieg £ —A g^p ; }•
1st Mtge. Gold, Peninsula Extension

July 1, 1878
Jan 1 1881

6 p. c., April & Oct.
6 p c April & Oct

July 1, 1908
Jan. 1 1911

| 13,479 17
2,000,000 Of

1st Mtge. Gold, Terminal

June 1, 1882

6 p. c., June & Dec.

June 1, 1922

142,000 00

1st Mtge. R. & A. Div., Gold

Jan. 1, 1890

4 p. c., Jan. & July.

Jan. 1, 1989

6,000,000 00

2dMtge. R. & A. Div., Gold

June 1, 1890

4 p. c., Jan. & July.

Jan. 1, 1989

1,000,000 00

1st Consolidated Mtge.»Gold

Jan. 1, 1889

5 p. c., May & Nov.

May 1, 1939

23,571,000 00

1st Mtge. Craig Valley Branch, Gold

May 29, 1890

5 p. c., Jan. & July.

July 1. 1940

650,000 00

Isl Mtge. Warm Springs Branch, Gold

1890

5 p. c., Mar. & Sept.

Mar. 1, 1941

400,000 00

New River Bridge Co. Bonds, Guaranteed, Gold
Greenbrier and New River RR., Cy

1888
1892

6 p. c. May & Nov.
5 p. c. Feb. & Aug.

May 1,1898
Aug. 1, 1942

170,000 00
370,000 00

Buckingham RR. 1st Mtge., Gold

1892

5 p. c. Mar. & Sept.

Sept.l, 1942

269,000 00

Manchester City Bonds
Manchester Improvement Bonds

Various.
1881

8 p. c. M. &N.,J.&D.
5 p. c. Feb. & Aug.

1896 to 1904
1911

45,200 0(1
36.000 01

1st Mtge. E. L. & B. S. RR., Gnar. Gold
Equipment Trust Notes, 2d Series

Mar. 1, 1872

5 p. c. Mar. & Sept.
6 p. c., Various.

Mar. 1, 1922
Various.

3,007.000 00
111,700 M

General Mtge. Bonds, Gold

1892

4^ p. c., Mar. <fe Sept.

Mar. 1, 1992

23,086,000 0<)

POOR'S MANUAL — CHESAPEAKE AND OHIO SYSTEM.

359

Statement of stocks and bonds owned June 30, 1897 :

STOCKS OWNED.
„„„ Total par Valua-
Name- Value. tion.
S $
Chosap & Ohio Grain Elevator Co. 50,00000 5,00000

BONDS OWNED.

„„„ Total par Valaa-
Name- Value. tion.
9 $
Buckingham RR 58,50000 58,50000

Henrico RR. <fe Coal Co *3,000 00

Chesap. & O. Grain Elevator Co 22,824 12

Kinnicor.nick & Freestone RR. 88,50000 99136

Henrico RR. & Coal Co 138,00000 100

Virginia Navigation Co 7,250 00 7,250 00

Richm'd Stan 'd Spike & Iron Co. 10,000 00 10,000 00

Richmond Chamber of Commerce. 1,000 00 1,000 00

Virginia Iron & Ry. Co 48,000 00 48,000 00

Buckingham RR , 100 00 136 83

Kinniconnick & Freestone RR. . 100.000 00 100,000 00

Hampton Roads Hotel Co 25,500 00 255 00

Virginia Hot Springs Co 433,316 33 433,316 33

Rockbridge Co. ... 600 00 1 00

Chesapeake and Ohio Bonds. . . .1,074,000 00 1,074,000 00

Mav«villp and Bi<r Sandy RR. Co. . 2,090 00 1,045 00
C & O SS Co Securities 616,45467

Greenbrier & New River RR. Co. 31,000 00 31,000 00
Hampton Roads Hotel Co 31,000 00 31,000 00

Virginia Iron and Ry. Co *1,800100

Ches. & Ohio SS. Co., Ltd 1,95000

Total. . $632,133 86

Total... ...81,810,59145

* Included in bonds.

The fixed charges for the fiscal year 1897-98, including interest on the 4^ p. c. bonds now
in the treasury, will be as follows :

$170,000 New River. Bridge 6s $10,200

81,200 Manchester Bonds, 8s and 5s 5,416

3,007,000 E. L. & B. S. Guar. 5s 150,350

23,086,000 General Mortgage 4Js 1,038,870

269,000 Buckingham Branch 5s 13,450

370,000 Greenbrier and New River 5s.... 18,500

$2,287,000 Purchase Money 6s, 1898 $137,220

2,000,000 Bonds of 1908, 6s 120,000

2,000,000 Bonds of 1911, 6s 120,000

142,000 Bonds of 1922, 6s 8,520

23,571,000 First Consolidated 5s 1,178,556

6,000,000 Rich. & Allegheny Divis., Isrts, 4s. 240,000
1,000,000 " " " " 2ds, 4s. 40,000

650,000 Craig Valley Branch 5s 32,500

400,000 Warm Springs Valley Branch 5s. . . 20,000 Total Charges $3,133,576

The company is also liable as guarantor of mortgages on the Norfolk Terminal properties, amounting
to $401,232.78, and the C. & O. Grain Elevator Co. 1st mtge., $830,000. The Elevator Company is operated
separately from the railway company, and during the past few years the guarantee has entailed only a small
loss on the latter.

AUXILIARY PROPERTIES.

Chesapeake and Ohio Grain Elevator

Co. — Owns elevator at Newport News. Chartered
July 12, 1882. Operated at cost by C. & O. Ry. Co.
Capital stock, $500,000, of which C. & O. owns $480,-
000. Bonded debt, $10,000 old 6 p. c. 21-yr. $1,000
coup, bonds, due Oct. 1, 1903, interest April and Oct.,
at New York (trustees, Alex. E. Orr and Alfred M.
Hoyt); $820,000 4 p. c. 1st mtge. 50-yr. $1,000 coup.
gold bonds, due Oct. 1, 1938, interest April and Oct.,
at New York (trustee, Central Trust Oo., New York),
principal and Interest guaranteed by C. & O. Ry. Co. ;
$450,500 4 p. c. income mtge. 100-yr. $1,000 coup.
bonds, due Oct. 1, 1988, interest Oct. 1, if earned.
Trustees: E. Thalmann, Henry W. O. Edge, and
Decatur Axtell. M. E. Ingalls, Pres.. Cincinnati, O.
Coviiinlon and Cincinnati Elevated
RR. and Transfer ami Bridge Co.— Coving-
ton, Ky., to Cincinnati, O., 2.1 m., embracing bridge
across Ohio River and extensive terminals In Cin-
cinnati and Covington. Locomotives, 4. Consolida-
tion, Feb. 2, 1886, of a company of the same name,
of Kentucky, and the Ohio and Kentucky Bridge Co.,
of Ohio. Opened Jan. 3, 1889. (See Manual for
1891.) Operated at cost by C. & O. Ry. Co., which
owns all the stock and bonds, viz., $3,500,000 5 p. c.
50-yr. $1,000 coup, bonds, due Oct. 1, 1937, Interest
April and Oct., at New York, and ?1, 500.000 stock.
Cost of road and equipment, $3,514,583. Gross earn-
ings, year ending June 30, 1897, $56,695. Expenses
and taxes, $38,582. Net earnings $18,113. Paid in-
terest on bonds, $175,000. Trustee of bonds: Metro-
politan Trust Co., New York. M. E. Ingalls, Pres.;
C. H. Coster, 1st Vice-Pres.; D. Axtell, 2d Vlce-
Pres. ; J. C. Davle, Sec.; L. E. Osborn, Treas.,

Cincinnati, O. General Office, Cincinnati, O.
EllzabethtOTvn, Lexington and

Big

Sandy RR.— Big Sandy River, Ky., to Lexington,
Ky., 124 m. (Including 21.3 m. of trackage); 2d track.
7 m. ; sidings, 33 miles. Chartered 1869 as successor
to Lexington and Big Sandy RR., Western Division,
and by subsequent acts. Leased to the C. & O. Ry.
Co. till Feb. 1, 2136; operated at cost. Capital sro«k,
$3,517,700; funded debt, 1st mtge. 5 p. c. 30-yr. gold
bonds, due 1902, Interest March and Sept. at New
York, N. Y. (auth., $5,000,000), $3,007,000; unfunded
debt, $618,245— total, $7,142,245. Contra: Cost if
road, etc., $7,829.629. The C. & O. Ry. owns all the
2d mtge. bonds, all the debentures, practically all the
stork, and $275,000 of the 1st mtge. 5s. M. E.
Ingalls. Pres., Cincinnati, O.; D. Axtell, Vice-Pres.,
Richmond, Va.; J. C. Davie, Sec. & Treas., Cin-
cinnati, O.

Greenbrier and New River RR. Co.—
Thurmond, W. Va., to Butchers' Branch, 12.8 miles.
Chartered Aug. 3, 1881. Capital stock, $100,000;

funded debt (see C. & O. bond statement), $339,000—
total, $439,000. Trustee of bonds: Central Trust Co.,
New York, N. Y. The capital stock is all owned by
C. & O. Ry. Co. M. E. Ingalls, Pres., Cincinnati, O.
Kentucky and South Atlantic RR.— Mt.
Sterling to Rothwell, Ky., 19.50 m.; sidings. 0.48
mile. Gauge, 4 ft. 9 In. Rail (steel, 19.49 m.),
50 and 62 Ibs. Chartered as Mt. Sterling RR. Co.,
Feb. 13, 1874; opened in Aug., 1876. Name changed

in Feb., 1881. (See Manual for 1892, p. 314.) Stock
and bonds all owned by the C. & O. Ry. Co. (See
Manual for 1897, p. 345.) Capital stock (par, $100),
$150,000; funded debt (1st mtge. 5 p. c. bonds, dated
April 30, 1892, interest March and Sept., in New
York, N. Y.), $110,000; unfunded debt, $18,158— total,
$278,158. Cost of road, $268.099. Decatur Axtell,
Pres., Richmond, Va.; J. C. Davie, Sec. & Treas.,
Cincinnati, O. General Office, Cincinnati. O.

K i it n i<-oii ii 1<-U and Freestone RR.— Stone
City, Ky., to Quarries, 19.8 miles. Earnings, year
ending June 30, 1897, $12,846. Expenses and taxes,
$16,095. Deficit, $3,249. Capital stock, $88.800;
funded debt (1st mtge. 6s), $100,000; unfunded debt,
$27,429— total, $216.229. Cost of road, etc., $97,076.
Stock and bonds all owned by C. & O. Ry. Co. Oper-
ated for account of the Klnniconicfc and Freestone
RR. Co. fcL E. Ingalls, Pres.; Decatur Axtell, Vice-
Pres.; J. C. Davle, Treas. & Sec. General Office,
Cincinnati, O.

Maysville and Big Sandy RR.— Ashland to
Covington, Ky., 142.5 m.; 2d track, 3.6 m.; sidings.
55.90 miles. Rail (steel), 75 Ibs. Chartered Dec. 18,
1850, and by subsequent acts." Road opened Jan. 3,
1889. Operated at cost by C. & O. Ry., which owns
$5,000,000 stock and all the bonds. Locomotives, 20.
Cars, 1,618. Capital stock, $7,500,000; funded de.bt,
1st mtge. 5 p. c. 50-yr. $1,000 coup, bonds, due Feb.
1, 1938, interest Feb. and Aug., in New York, $7,-
500,000; unfunded debt (advances by C. & O. Ry.
Co.), $2,107,799— total. $17,107,799. Contra: Cost of
road, etc., $15,836,863. Trustee of bonds: Union
Trust. Co., New York, N. Y. M. E. Ingalls, Pres.;
C. H. Coster, 1st Vice-Pres.; D. Axtell, 2d Vice-
Pres.; J. C. Davie, Sec. & Trens., Cincinnati, O.
General Office, Cincinnati. O.

Ohio and Big Sandy RR — Ashland to Rich-
ardson, Ky., 48.20 m.; sidings, 12 miles. Rail (steel,
48.2 m.), 50, 56, and 62 Ibs. Successor in 1891 to
the Chatterol RR. Co. (See Manual for 1898.)
Capital stock (all owned by the C. & O. Ry. Co.),
$994.000; due C. & O. Ry. Co. for advances and in-
terest, $821,678— total, $1,815,678. Contra: Cost of
road, etc., $1,684.657. M. E. Ingalls, Pres.; D. Ax-
tell, Vice-Pres.; J. C. Davie. Sec. & Treas., Cincin-
nati, O. General Office, Cincinnati, O.

360

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

M. E. Ingalls Cincinnati, O.

W. P. Anderson "

Decatnr Axtell Richmond, Va.

C. H. Coster New York, N. T.

Chauncey M. Depew, "
Samuel Spencer "

Board of Directors, Chesapeake and Ohio Ry. Co., elected Oct. 19, 1897.

H. T. Wickham Richmond, Va.

Geo. T. Bliss New York, N. Y.

Chas. D. Dickey, Jr. "

MELVILLE E. INGALLS, President Cincinnati, O.

George T. Bliss, 1st Vice- President New Fork, N. Y.

Decatur Axtell, 2d Vice-President Richmond, Va.

Treasurer— C. E. Potts Richmond, Va. General Manager— G. W. Stevens. Richmond

Secretary— C. E. Wellford " Comptroller— L. F. Sullivan

PRINCIPAL OFFICE AND ADDRESS (Operating Department) Richmond, Va.

Executive Office _. Cincinnati, O.

CHICAGO AND ALTON RAILROAD COMPANY.

Main Line of Road.— Joliet, 111., to East St. Louis, 111 243.50 miles.

Coal City Branch : Joliet to Mazonia 24.48 m.

Wathington. Branch : Dwight to Washington and Lacon 79.75 m.

Louisiana Branch : Roodhouse, 111., to Quincy, June 87.80 m.

Jacksonville Division : Bloomington to Wann 158.00 m. — 300.03 "

Le sed \ ^°^et ana Chicago RR. (see statement on p. 363) 37.20 m.

" \ Louisiana & Missouri Riv. RR. (see statement on p. 363). .100.99 m.
' ( Kansas City, St. L. & Chic. RR. (see statement on p. 363). .161.82 m.— 300.01 "

Total length of lines operated, Dec. 31, 1897.. . 843.54 miles.

2d track (owned, 67.31 u:.; leased, 42.62 m.), 109.93 m. ; sidings (owned, 139.12m.; leased,
93.94m.), 233.06 miles. Gauge, 4 ft. 8£ in. Rail (steel— owned, 738.61 m.; leased, 428.85 m.
—total, 1,167.46 miles), 60, 70 and 80 Ibs.

Statement of mileage in the several divisions of the system, Dec. 31, 1897 :

LINES op RAILROAD.

First
Track.

Second
Track.

Side
Tracks.

Total
Track.

Steel
Rails.

Iron
Rails.

M.

280 70

M.

108 09

M.

126 45

M.

515 24

M.

509 98

M.

5 26

Coal City Line

24 48

12.96

37 44

32 42

5 02

Dwight to Washington and Lacon
Roodhouse to Kansas City

79.75
250.42

' i!84

6.87
63.49

86.62
315.75

83.71
311 72

2.91
4 03

Bloomington to Wann, via Jacksonville, God- 1

158.00

19.68

177.68

177.62

0.06

Mexico to Cedar City

50.19

3.61

53.80

52.01

1 79

Total Miles of All Track

843.54

109.93

233.06

1,186.53

1,167.46

19.07

History. — Organized Feb. 16, 1861, and in 1862 purchased at foreclosure sale the St.
Louis, Alton and Chicago RR. The Coal City Branch, built by the Chicago and Illinois River
RR. Co., was purchased in 1879. The St. Louis, Jacksonville and Chicago RR. Co. was
absorbed April 14, 1884. (See MANUAL for 1884, p. 664.) On April 29, 1895, this company
purchased the property of the Mississippi River Bridge Co. , formerly leased, and now owns
that property subject to the $521,000 6 p. c. sinking fund mtge. bonds of the Bridge Co. (see
p. 362).

Under a contract which went into effect Sept. 29, 1895, this company runs trains daily
between Chicago and Peoria — over this road between Chicago and Washington, 143.4 m., and.
over the Toledo, Peoria and Western RR. between Washington and Peoria, 12 miles.

Rolling Stock (owned), Dec. 31, 1897. — Locomotives, 240. Cars — passenger, 98; bag
gage, mail and express, 42; freight (box, 4,072; stock, 1,399; flat and coal, 2,060), 7,531;
caboose, 112 ; other, 23— total, 7,806.

Operations, year ending Dec. 31, 1897. — See tabulated statement on p. 362.

Expenses— Conducting Transportation $1,594,156 27

MotivePower 1,287,141 IS

Maintenance of Way. . , 936.373 Ot

Earnings— Passenger $1*961,397 59

Freight 4,309,680 70

Mail and Express 396,573 09

Miscellaneous .... 5,953 91

Total ($7,911.42 per mile) '...$6,673,605 29

Net earnings (37.76 p. c.) $2,519,928.39 ;
miscellaneous, $9,752.88— total, $2,753,411.27.

Maintenance of Cars 336,006 3r-

Total ($4,924.10 per mile) $4,153,676 9C

add interest, $220,530 ; dividends, $3,200 ;
Payments : Interest on bonds, $604,135.27;

dividends (March, 2 p. c.; June, Sept. & Dec., If p. c. each), $1,611,718.50 ; rentals (J. & C.
RR., $105,750; K. C., St. L. & C. RR., $334,026), $439,776; Wiggin's Ferry Co., final settle-
ment of old claims, $20,394.50 ; sinking fund gold bonds redeemed and cancelled (8) $9,030 ;

POORS MANUAL — CHICAGO AND ALTON RR. CO.

36J

premium-! on scrip, $45.50 ; additional property, $36,488.26— total, $2,721,588.03. Surplus,
$31,823.24 ; surplus from 1896, $3,173,877.81— total, $3,205,701.05.

Cost of Road and Equipment $20,268,702 60

Cost of Road, Godfrey to Wann 316,361 42

Cost of Road, Louisiana Branch 1,389,537 92

Cost of Road, Western Division 1,116,724 91

Cost of Road, Coal City Branch 690,416 34

Cost of Joliet and Chicago RR 2,000,000 00

Cost of Mississippi Bridge 1,000,000 00

Cost of St. L., J. & C. RR 5,074,200 00

La. & Mo. R. RR. Co. 1st Mtge. Assumed 1,346,000 00
La. & Mo. R. RR. Co. 2d Mtge. Assumed 300,000 00
La. & Mo. R. RR. Co. Guaranteed Pre-
ferred Stock Assumed 329,000 00

Machinery and Tools 322,983 97

Stocks and Bonds Owned 4,240,652 74

Lands Owned 56,445 50

Cash 327,950 68

Bills Receivable 5,994 02

U. S. Trust Co., Applicable for Redemp-
tion of Sinking Fund Gold Bonds 528,971 04

Due from Agents 146,880 46

Due from Solvent Cos. and Individuals. . 115,079 06

Materials and Supplies 298,26823

K. C., St. L. & C. RR. Construction 9,313 11

Illinois Trust and Savings Bank, Trustee 1,500 00

Total Assets $39,884,982 00

General Balance Sheet, Dec. 31, 1897.

Common Stock

Preferred Stock.

Common Stock Scrip

Joliet and Chicago Stock, Guaranteed...
Mississippi Bridge Co. Stock, Guaranteed
La. & Mo. R. RR. Co. Preferred Stock,,

Guaranteed

Funded Debt (see below)

Sinking Fund B'ds, Redeemed and Can.
Sink. Fund G'd B'ds, Redeemed and Can.
Joliet & Chi. Bonds, Redeemed and Can
Miss. Riv. Bridge B'ds, Redeemed & Can.
St.L., J. & C. RR. Co.'s 1st Mtge. Bonds.

Louisiana & Mo. River RR. 1st Mtge

Audited Vouchers and Accounts

Wages and Salaries

Net Traffic Balances due other Companies

Unclaimed Dividends

Matured Interest and Coupons, Unpaid..
Mississippi River Bridge Co. Sink. Fund.

Rentals Accrued, not yet » Due

New Common Stock, Unissued

Income Account

18,751,100 00

3,479,500 00

37 50

1,500,000 00
300,000 00

329,000 00

7,206,850 00

600,000 00

1,278,000 00

500,000 00

188,000 00

134,803 00

100 00

210,392 25

288,222 81

112,631 56

732 70

115 30

1,600 00

74,695 83

1,500 00

3,205,701 05

Total Liabilities.

The preferred stock is entitled to preference for dividends up to 7 p. c. after payment of
interest and of sinking-fund contribution, and to share pro rata with the common stock in
any dividend exceeding 7 p. c. on the entire stock. Following are the dividends paid on
capital stock, both classes, since the organization of the company :

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

1863

Aug. 25

2*

1872 Mar. 6

5

1880

Mar. 1

3

1886

Mar. 1

2

1890

Mar.

2

1894

Mar.

2

1864jAng. 20 6

Sept. 2

5

Sept. 4 3j

June 1

2

June

2

June

2

1865|Feb. 25 1 5

1873

Mar. 6

5

1881

Mar. 1 4

Sept. 1

2

Sept.

2

Sept.

2

Bept. 1 3

Sept. 5

5

Sept. 1

4

Dec. 1

1

Dec.

2

Dec.

2

1860 Mar. 1

5J

1874 M ar. 10

5

1882

Mar. 1

4

1887

Mar. 1

2

1891

Mar.

3

1895

Mar.

2

Sept. 1

5

Sept. 1

5

Sept. 1

4

June 1

2

June

2

June

2

1867

Mar. 4

5

1875 Mar. 3

5

1883

Mar. 1

4

Sept. 1

2

Sept.

2

Sept.

2

Sept. 2

5

Sept. 1

4

Sept. 1

4

Dec. 1

2

Dec.

2

Dec.

2

1868

Mar. 2

5

1876

Mar. 1

4

1884

Mar. 1

4

1HSH

Mar.

2

1892

Mar.

2

1896

Mar.

o

Sept. 1

5

Sept. 12

4

June. 2

o

June

2

June

2

June

2

1869

Mar. 1

5

1877

Mar. 1

4

Sept. 1

2

Sept.

2

Sept.

2

Sept.

2

Sept. 1

5

Sept. 4

3*

Dec. 1

2

i

Dec.

2

Dec.

2

Dec.

2

1870 Mar. 1

5

1878

Mar. 4

«i

1885

Mar. 2

2

1889

Mar.

2

1893

Mar.

2

1897

Mar.

2

(Sept. 1 5

Sept. 4

3i

June 2' 2

June

2

June

2

Jnne

If

1871 Mar. 6

5

1879

Mar. 4

3

Sept. 11 2

Sept.

2

Sept.

2

Sept.

Sept. 4

5

Sept. 1

8

Dec. 1

2

Dec.

2

Dec.

2

Dec.

12

The dividend paid March 1, 1898, was at the rate of \\ p. c. on both preferred and com-
mon stock. Dividends payable at Treasurer's office, Chicago, 111., aiid at office of Cuyler,
Morgan & Co., New York, N. Y.

Statement of funded debt, Dec. 31, 1897 :

DESCRIPTION.

Length
of
Road.

DATE OF BONDS.

INTEREST.

Amount
Out-
standing.

Issued.

Maturity.

When
Payable.

Rate.

St. L., J. & C. RR. 2d Mtge. Bds., Cy., Assumed
La. & Mo. R. RR. HtMtge. Cy. Bonds, Acsumed
La. & Mo. R. RR. 2d Mtge. Cy. Bonds, Assumed
Sinking Fund C. & A. RR. Gold Bonds. . .

M.

37
101
101
162
322
1

1868
1870
1877
1878
1873
1872

July 1,. 1838.
Aug. 1, 1900.
Nov. 1, 1900.
May 1, 1903.
July 1, 1903.
Oct. 1, 1912.

Jan. & July.
Feb. & Aug.
May & Nov.
May & Nov.
Jan. & July.
Apr. & Oct.

p.c.

7
7
7
6
6
6

$
230,000
l,7«o,000
300,000
1,722.000
4,37!»,850
51-2,000

Consolidated C. & A. RR. Sterling Gold Bonds.
Miss. Riv. Bdg. Co. 1st Msre. S. F. Old. Bd.*., As'd

The consol. 6 p. C. sterling bonds (authorized £1,600,000, or $8,000,000) are secured on main line and
Washington Branch, 323.30 miles. They are coupon bonds of £200 each, and are redeemable in 1903. Prin-
i ipal and interest, free of all taxes, payable in London by J. S. Morgan & Co. Trustee: United States Trust
Co.. New York.

The L. d M. R. 1st mtye. and 2d mtgc. bonds are payable, principal and interest, by the C. & A.
RR. Co.

362

POORS MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

The sinking fund C p t. bonds of 1878 ($3,000,000 originally) are coupon bonds of $1,000 each, with
provision for registration. A sinking fund of $120,000 half-yearly, less the semi-annual interest on the bonds
then outstanding, is payable to the United States Trust Co., trustee, on May 1 and Nov. 1, each year, begin-
ning May 1, 1890, to be applied to the purchase of these bonds, if they can be obtained at not exceeding 105
and interest. They are not secured by a mortgage, but will be should the mortgage indebtedness on lines
owned ever be increased above $8,000,000. Seven p. c. bonds of the Kansas City, St. Louis and Chicago RR.
Co. (in aid of the construction of whose lines these bends were issued) to the amount of $3,000,000 are
deposited with the United States Trust Co. as additional security. Interest payable at the office of Cuyler,
Morgan & Co., New York, N. Y.

The Mississippi River Bridge Go's bonds (authoriaed, $700,000) are guaranteed principal and interest
by the C. & A. RR. Co., which purchased the property of the Miss. River Bridge Co. (formerly leased) on
April 29, 1895, and now owns it subject to these bonds. The interest and sinking fund amount to $50,000 per
annum. All of the stock ($300,000) and $146,000 of the bonds are held by the C. & A. RR. Co. as an invest-
ment. Interest payable at the office of Cuyler, Morgan & Co., New York, N. Y.

Perpetual dividends are guaranteed (7 p. c.) on $1,500,000 Joliet and Chicago stock; ditto (7 p. c.) on
$329,000 Louisiana and Missouri River guaranteed preferred stock; annual dividends (6 p. c.) on $1,750,000
K. C., St. L. & C. preferred stock, and annual dividends contingent upon gross earnings, but not to exceed
7 p. c., on $271,800 K. C., St. L. & C. common stock.

" Stocks and Bonds Owned," Dec. 31, 1897, consisted of the following: Bonds— K. C., St. L. & C. RR.
Co. 1st mtge., $3,000,000; Miss. Riv. Bridge Co. 1st mtge., $146,000; Pawnee RR. 1st mtge., $25,000— total,
$3,171,000. Stocks— K. C., St. L. & C. RR. Co., common, $157,600; Miss. Riv. Bridge Co., common, $300,000;
Kan. City Union Depot Co., $45,000; St. Louis Music Hall Assn., $5,000; La. & Mo. Riv. RR. Co., common,
$267,681.04, and preferred, $294,371.70— total, $1,069,652.74.

Statement of operations and capital account for eight years :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of RR. Owned
Miles of Track Owned.. .
Miles of Steel Rail Owned

648.86
713.46
686.57
228
117
40
7,648
848.68
2,115,668
3,368,917
1,866,348
117,016,312
3,399.705
519,689,191
$
2,098,760
4,588,225
378,769

542.35
715.55
692.61
228
121
40
7,660
843.40
2,071,114
3,588,994
1,952,465
112,463,560
3,501,327
547,472,045

2,206,842
4,998,115
385,924

542.35
736.56
713.85
234
114
40
7,660
843.40
2,234,398
3,578,707
2,228,572
132,036,917
3,516,151
555,280,873

2,351,242
4,983,596
395,773

542.20
744.33
725.36
240
98
40
7,643
843.35
2,2-6,610
3,137,424
2,181,747
157,984,435
3,128,533
483,203,506

2,900,820
4,273,117
392,703

542.20
745.41

542.20
762.50

542.20
764.10

543.53
749.96
738.61
240
98
42
7,643
843.54
2,389,161
3,232.082
1,979,868
1 )2,276,383
3,107,245
565,002,703

s

1,961,397
4,309,681
402,527

240
98
40
7,643
843.35
2,194,329
2,635,305
1,979,933
98,610,298
2,774,228
423,166,852

2,043,912
3,881,544
366,780

240
98
40
7,643
843.35
2,307,139
2,911,380
2,169,169
110,447,175
3,244,279
494,914,270

2,184,155

4,289,909
378,422

240
98
40
7,643
843.35
2,412,864
3,155,687
2,191,044
104,642,482
3,246,689
531,022,122
$
2,116,243
4,338,900
385,141

Passenger Cars

Baggage, Mail, etc., Cars.
Freight (=8-wheel) Cars.
Miles of RR. Operated . .
Passenger Train Miles...
Freight Train Miles

Freight (tons) Moved
Freight (ton) Miles

Passenger Earnings
Freight Earnings

Miscellaneous, . ,

Traffic Earnings
Operating Exp. & Taxes.

Net Traffic Earnings
Bal. Previous Year, etc..

Available Revenue

7,065,753
4,382,001

7,590,881
4,458,750

7,730,611
4,807,799

7.566,640
4,655,889

6,292,236
3,628,687

6,802,486
3,982,993

6,840,284
4,038,547

6,673,606
4,153,677

2,683,752
2,989,388

3,132,131

2,696,077

2,922,812
3,225,359

2,910,751
3,159,091

2,663,549
3,544,150

• 2,819,493
3,364,866

2,801,737
3,390,802

2,519,928
3,407,361

5,673,141
652,411
816,161
189,227
(8) 1,407,560
184,271
2,423,510

8,377 70
5,195 64
8,182 06
62.02 p. c.
1.79 c.
0.88 c.

14,115,000
3,479,500
13,129,950
1,800,000
851,000
600,000
580,000
1,500
873,467
2,423,509

5,828,208
674,722
810,387
88,742
(8) 1.407,560
200,220
2,646,576

9,00033
5,28664
3,713 69
58.74 p. C.
1.96 c.
0.91 c.

14,115,000
3,479,500
13,042,850
1,800,000
925,000
600,000
. 593,100
1,500
1,085,058
2,646,576

6,148,171
674,053
804,108
169,986
(8) 1,407,560
238,841
2,853,622

9,166 01
5,70050
3,465 51
62.19 p. C.
1.78 c.
0.90 c.

16,300,125
3,479,500
10,502,850
1,800,000
1,068,000
600,000
607,100
1,500
843,672
2,853,622

6,069,842
653,892
632,037
57,343
(8) 1,582,386
217,833
2,926,351

8,971 59
5,52038
3,451,21
61. 53 p. c.
1.84 c.
0.88 c.

16,801,062
3,479,500
10,438,850
1,800,000
1,118,000
600,000
621,100
1,500
766,253
2,926.,351

6,207,699
632,987
527,504
168,226
(8) 1,729,424
26,218
3,123,340

7,46100
4,30871
3,15829
57.67 p. c.
2-.07C.
0.92 c.

18,751,637
3,479,500
9,110,850
2,129,000
1,147,000
600,000
771,903
1,500
543,929
3,123,340

6,184.359
422,772
579,619
24,481
(8) 1.778.448
222,494
3,156,545

8,06602
4,72282
3,34320
58.55 p. c.
1.93 c.
0.87 c.

18,751,462
3,479,500
9,073,850
2,129,000
1,168,000
600,000
787,903
1,500
627,366
3,156,545

6,192,539
430,475
605,379
119,316
(8) 1,778,448
85,043
3,173,878

8,11085
4,788 70
3,32215
59.04 p. c.
2.02 c.
0.82 c.

18,751,462
3,479,500
8,954-850
2,129;000
1,270,000
600,000
804,903
1,500
528,989
3,173,878

5.927,280
439,776
604,185
9,030
1,611,719
56,!)28
3,205,701

7,911 42
4,924 10
2,98738
62.24 p. c.
1.92c.
0.76c.

18,751,138
3,479,500
8,928,850
2,129.000
1,278,000
600.000
822.903
1,500
688.390
3,205.701

Lease Rentals

Interest

Sinking Fund

Dividends

Other Disbursements. . . .'
Balance — Surplus

Gross Earnings per Mile.
Gross Expenses per M. . .
Net Earningsper Mile. . .
Expenses to Earnings . . .
Aver. Rate p. Pass. p. M.
Aver. Rate p. Ton p. M. .

Common Stock

Preferred Stock

Funded Debt

Guaranteed Stocks
G'dS'kF'dBds. Red'd..
Sink. F'd Bds. Cancelled
Other Bonds Cancelled..

Accounts and Liabilities.
Income Balance

Total Liabilities

Road and Equipment.. . .
Construction Bran's, etc..
Stock?, Bds., Trusts, etc..
Materials, Supplies, etc. .
Cash and Current Assets.

Total Assets

37,853,927

20,268,703
6.513,041
8,939,219
711,453
1,421,511

38,288,584

20,268,703
6,513,041
9,1&5,916
601,741
1,769,184

38,056,369

20,268,703
6,513,040
9,052,836
712,026
1,509,763

38,052,616

80,268,703
6,530,240
9,035,836
662,002
1,555,835

39,658,659

20,268,703
11,507,087
6,280,184
605,109
907,576

39,775,186

211,268,703
11,597,087
6,286,355
581,472
1,052,856

39,694,082

20,268,703
11,596,554
6,2*5.083
594,737
949,005

39,884.988

20,268.708
11,596.554
6,273.598
621.258
1,124.876

37,853,927

38,288,584

38,056,369

38,052,616

39,658,659

39,775,126

39,694,082

30,884.988

POOE'S MANUAL— CHICAGO AND EASTERN ILLINOIS RR. CO.

363

RAILROADS LEASED BY THE CHICAGO AHD ALTON RR. Co.

Joliet and Chicago RR.— Joliet to Chicago,
111. (double), 37.20 miles. Forms part of the C. &
A.'s Chicago-St. Louis through Hue. Organized Feb.
15. 1855; opened July 4, 1850. Leased in perpetuity.
Jan. 1, 1864, to the C. & A. Co.; annual rental, 7
p. c. on stock, and $1,800 organization expenses.
Capital stock (par, $100), $1,500,000. Cost of road,
etc., $2.000,000. T. B. Blaekstone, Pres.; H. E. R.
Wood, Sec. & Treas., Chicago, 111. Corporate Office,
303 Monadnock Building, Chicago, 111.

Kansas City, St. Louis and Chicagro

RR.— Mexico to Kansas City, Mo., 161.82 miles.
Rail (steel), 70 Ibs. Organized In 1877. Road opened
throughout on May 1, 1879. Leased to C. & A. RR.
Co., in perpetuity, Nov. 1, 1879. Rental, 35 p. c. of
gross earnings, less assessments and taxes. If 35
p. c. is in excess of the amount required to pay
interest on bonds, 6 p. c. on preferred stock, and 7
p. c. on common stock, after deducting taxes, etc.,
all excess must go to the C. & A. RR. Co. Rental,
year ending Dec. 31, 1897, $317,090. being interest on
bonds. $210,000; dividends on preferred stock (Feb..
May, Aug., and Nov., li p. c. each), $105,000; organ-
ization expenses, $2,090. Capital stock (par, $100)—
common. 7 p. c. $271,800; preferred, 6 p. c., $1,-
750,000: funded debt, 1st mtge. 7 p. c. 25-yr. bonds,
payable May 1, 1903, $3,000,000— total, representing
<ost, etc., $5.021,800. The bonds are deposited with
the IT. S. Trust Co., as security for an Issue of a
like amount of 6 p. c. bonds of the C. & A. RR. Co.
of the same date. J. J. Mitchell, Pres.; H. W.

Phelps, Treas. & Sec., St. Louis, Mo. Corporate
Office, 511 Olive St., St. Louis, Mo.
Louisiana and Missouri River RR. —

Louisiana to Cedar City, Mo., 100.99 miles. Char-
tered March 24, 1868; road opened Oct. 29, 1871.
Leased in perpetuity, Aug. 1, 1870, at a rental of 35
p. c. of gross earnings after deducting taxes and
assessments. On Nov. 13, 1894, the lease was modi-
fied, whereby the lessee agrees to pay the coupons of
the 1st and 2d mtge. bonds as they accrue, and the
principal when due; 7 p. c. dividends on the $329,-
000 guaranteed preferred stock, and to discharge the
floating debt, no further amount to be paid for the
future use of the property. Each shareholder of the
L. & M. R. RR. Co. has a right to sell his stock to
the lessee at $29.50 per share for preferred stock, and
$10 per share for common. Common stock, $2,312,-
700; preferred stock, $1,010,000; preferred 7 p. c.
stock, guaranteed by C. & A. RR. Co. (interest Feb.
and Aug.), $329,000; funded debt, 1st mtge. 7 p. c.
30-yr. cy. bonds, due Aug. 1, 1900, $1.785,000; 2d
mtge. 7 p. c. 23-yr. cy. bonds, due Nov. 1, 1900,
interest May and Nov., $300,000— total, $5,736.700.
All of the common and preferred stock is now held
by the C. & A. RR. Co., except 457 shares of com-
mon and 262 shares of preferred. Interest on bonds
and on guaranteed preferred stock payable at the
office of Cuyler, Morgan & Co.. New York. N. Y.
Trustee of bonds: United States Trust Co., New
York. N. Y. John J. Mitchell, Pres.. St. Louis, Mo.;
H. E. R. Wood. Sec. & Treas., Chicago, 111. Cor-
porate Office, 216 N. Broadway, St. Louis, Mo.

Board of Directors, Chicago and Alton RR. Co.

Term expires in April, 1898.

T. B. Blaekstone Chicago, 111.

Morris K. Jesup New York, N. Y.

Chas. H. Cbappell Chicago, 111.

Term expires in April, 1899.
John A. Stewart. . .New York, N. Y.

Albert A. Sprague Chicago, 111.

Marshall Field " "

Term expires in April, 1900.

A. C. Bartlett Chicago, 111.

John J. Mitchell St. Louis, Mo.

Wm. N. Blackstone. . .Norwich, Ct.

T. B. BLACKSTONE, President , Chicago, III.

Chas. H. Chappell, Vice-Pres. & Gen. Manager " "

Sec. & Treas.— 'B.. E. K. Wood Chicago, 111. | Auditor— Chauncey Kelsey Chicago, 111.

PRINCIPAL OFFICE AND ADDRESS Chicago, 111.

CHICAGO AND EASTERN ILLINOIS RAILROAD COMPANY.

(For map of this system see page 365.)

( Dolton, 111., to Danville, 111 107.21 m.

Main Lines Owned: -JMomence Junction, 111., to Brazil, Ind 130.09 m.

( Danville June, to Marion, 111 . . 213.82 m.— 451.12 miles.

Wellington Branch : Cissna Junction, 111., to Cissna Park, 111 11.36 m.

Sidell Branch : Rossville Junction, 111., to Sidell Junction, 111 34.29 m.

Spurs : Glenburn, 2.65 m.; Mission Field, 2.62 m.; Spiller, 0.52 m.;

Marion, 1.46 m 7.25 m.

Coal Branches: Otter Creek, 1.53 m.; Coxville, 1.16 m.; Mecca,

2.57 m. ; Westville, 2.18 m.; Coal Bluff-Casey, 6.63 m 14.07 m.

La Crosse Branch : Percy Junction, Ind., to La Crosse, Ind 45.89 m. — 112.86 "

Leased ( Ev.. T. H. & C. Ry.: Danville Jc., 111., to Otter C'k Jc., Ind. 48.58 m.
Lines: [ Indiana Block Coal RR. : Otter Creek Jc. to Brazil. Ind. . . . 12.62 m.— 61.20 "
Trackage ( Chicago and West. Indiana RR.: Chicago to Dolton, 111. . 16.99 m.
Rights : \ Ev. & T. II. RR. : Otter Creek Jc. to Terre Haute, Ind. . . 6.10 m. —23.09

Total length of lines operated June 30, 1897 648.27 miles.

3d track. 106.06 m.; sidings, 231.62 miles. Gauge, 4 ft. &J- in. Rail (steel), 52, 65 and 80 Ibs.

History.— Consolidation, June 7, 1894, of the (first) Chicago and Eastern Illinois RR. Co.
and the Chicago and Indiana Coal Ry. Co. (See MANUAL for 1895, p. 380.) An extension
from Shelbyville to Altamont, 111., 24.44 m., was completed Dec. 19, 1896; and the Chicago,
Paducah and Memphis RR., from Altamont to Marion, 111., and branches, 100.08 in., was pur-
chased on Feb. 23, 1897. (See MANUAL for 1897, p. 349.) The company is a one-fifth owner
in the Chicago and Western Indiana RR. (See GENERAL INDEX.)

Rolling Stock, June 30, 1897. — Locomotives, 142. Cars — passenger, 99 ; baggage, mail
and express, 19; freight (box, 2,624; flat, 322; stock, 220; coal, 5,734; refrigerator, 4; furni-
ture, 50; caboose, 56), 9,010; pay, 1; official, 2; other cars, 100— total, 9,231.

364

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Operations, year ending June 30, 1897. — See tabulated statement below.

Earn ings- Passenger $677,262 15

Freight 3,115,11609

Mail and Express 116,32756

Miscellaneous 18,904 43

Expenses — Conducting Transportation $1,345,877 31

Maintenance of Equipment 430,575 99

Roadway and Structures 326,352 22

General and Taxes 321,110 18

Total ($6,658.99 per mile) $3,927,610 23 Total ($4,109.58 per mile) $2,423,915 70

Net earnings (38.29 p. c.), $1,503,694.53; add otber receipts, $157,711.73— total, $1,661,-
406.26. Payments: Interest, $1,002,552.65; rentals of leased lines, $241,156.11; dividends(6
p. c. on preferred stock), $.'89,842— total, $1,533,550.76. Surplus, $127,855.50; surplus for-
ward, $1,529,593.56— total, $1,657,449.06.

Statement of operations and income account for eigbt fiscal years :

1890 1891

1892

1893

1894

1895

1896

1897

Miles RR. Op. (Average).
Passenger Train Miles
Freight Train Miles

435.75
644,759
1,208,196
2,414,183
33.334,883
2,887,445
360,245,767
$
559,486
2,163,639
188,597

438.67
708,801
1,463,350
2,819,271
37,978,520
3,538,574
468,812,032

630,647
2,755,382
181,167

467.00
763,386
1,544,149
3,473,225
46,294,057
3,712,879
472,270,694

731,075
2,893,753
150,718

479.79
928,117
1,644,326
4,126,487
54,145,770
4,406,553
580,633,105
$
872,890
3,417,503
156,566

499.16
979,482
1,231,434
4,267,087
70,039,978
3,223.579
420484,239
$
1,069,133
2,663,734
127,248

521.57
854,410
1,565,277
3,495,694
43,281,664
3,782,896
488,538,083

687,209
2,876,234
104,426

521.57
953,721
1,596,908
3.605,421
47,361,516
4,437,290
583,808.792
$
727,414
3,154,642
132,568

589.82
1,050.545
1,695,546
3,005,456
44,280,>>93
4,582.'>68
63 2,388.145
$
677,268
3.115:116
IS,'). 232

Passengers Carried

Passenger Mileage
Freight (tons) Moved

Freight (ton) Miles

Earnings — Passenger

Freight

Other

Total Earnings

2,911,722
1,731,369

3,567,196
1,946,501

3,775,546
2,503,523

4,446,959
2,990,315

3,860,115
2,409,710

3,667,869
2,508,370

4,014,623

2,433,888

3,927.610
2,423.916

Expenses and Taxes

Net Earnings.

1,180,353
31,992

1,620,695
39,584

1,272,023
68,964

1,456,644
66,742

1,450,405
125,687

1,159,499
169,653

1,580,735
154,644

1.503.694
157,718

Other Receipts

Total Net Income

1,212,345

771,514
200,061
(3) 133,956
1,105,531
106,814

6,68209
3,973 31
2,708 78
59.46 p. c.
1.G8C.
0.60 c.

1,660,279

769,905

204,227
(6) 275,949
1,250,081
410,198

8,131 84
4,43728
3,694 56
54.57 p. c.
1.66C.
0.59 c.

1,340,987

837,340
210,655
(6) 283,986
1,331,881
9,006

8,08468
5,36086
2,72382
66.31 p. c.
1.58 c.
0.61 C.

1,523,386

913,016
221,071
(6} 283,986
1,418,073
105,313

9,26855
6,23255
3,036 00
67.24 p. c.
1.61 c.
0.59 c.

1,576,092

942,788
238,756
(6) 286,914
1,468,458
107,634

7,73323
5,329 28
2,40395
62.43 p. C.
1.53 c.
0.63 c.

1,329,152

962,901
234,959

(6) 289,842
1,487,702
def.158,550

7,03236
4,80927
2,22209
68.39 p. c.
1.59c.
0.59 c.

1,735,379

968,995
234,478
(6) 289,842
1,493,315
242,064

7,697 19
4,66646
3,03073
60.63 p. c.
1.54 C.
0.54 c.

1,661,406

1,002,553
241,156
(6) 289,842
1,533.551
127,855

6,65899
4,109 58
2,549 41
61.71 p. C.
1.53 c.
0.51 c.

Charges — Interest

Lease Rentals.. .
Preferred Div's..
Total Payments

Balance, Surplus

Gross Earnings per Mile. .
Gross Expenses per Mile .
Net Earnings per Mile.. .
Expenses to Earnings. . . .
Aver. Rate p. Pass. p. M. .
Aver. Rate p. Ton p. M. .

Income, etc., supplementary comparative statement, 10 months ending April 30, 1898

and 1897:

INCREASE.
$249,390 06
140,259 47:
109,139 59
54056]
109,671 15
89,8W 29
19,713 86

1898 1897

Gross Earnings $3,566,609 25 $3,317,219 19

Operating Expenses 2,000,005 18 1,859,745 71

Net Earnings 1,566,604 07 1,457,473 48

Other Income 131,82745 130,78689

Total Net Income 1,697,931 52 1,588,260 37

Interest, Rentals and Taxes 1,272,844 84 1,182,947 55

Surplus 425,086 68 405,312 82

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $30,548,563 54

Chicago Terminal and Other Investments 1,620,929 55

Stock of Other Companies 1,132,934 04

Materials and Supplies 133,14417

Sinking Funds 570,709 61

Bills and Accounts Receivable 300,933 12

229,903 12

82,00000

Cash.

Other Available Caah Assets.

Total Assets $34,619,117 15

Common Stock $6,197,8(10 M

Preferred Stock (6 p. c. non-cum.). 4,830,700 001

Funded debt (see below) 20,434,00000

C., P. & M. RR. Car Trust Notes (incl.

Int.) 480,1<>9 4£

Dividends and Interest Unpaid 358,5')3 83

Rental and Taxes Accrued, not Due 72,001 83

Pay Rolls, Vouchers, and Accounts 366,336 Ti

Bills Payable 170,0)0 0

Equipment Replacement Account 51,710 7C

Miscellaneous Liabilities

Balance of Income Account 1,657,4 19 j

Total Liabilities $34,619,11712

" Dividends and Interest Unpaid " consists of: Dividends uncalled for (including dividend due July 1
1897), $72,970.50, interest on funded debt due and uncalled for, $29,804; interest accrued, not due, $255,81'.. 33-
total, $358,593.83.

Preferred stock ($10,000,000 authorized) is entitled to dividends up to 6 p. c. per annum non-cumulative^
all dividends in excess of said 6 p. c. to be paid upon the common stock. The first dividend on the eorimor
sto^k, 2i p. c., was paid July 1, 1898. Regular quarterly dividends of 1* p. c. each have been paid 0:1 thi
preferred stock since the organization of the present company.

CHICAGO

ttto

EASTERN ILLINOIS

Rhllrnad System.

.Seduced Scale.

^^;- JO-lf; I ^--rNeogA CMCzd-'^ i Li1:: J v. ^ >i>r V

^^-^^pp H rii:s^^

^^M^^^^^^V^

irk'er Citj

jDe Korea

Proridencfl

Falb of .Roujh •

,fordvill

\J lUmmoth C;
MAP OF THE

CHICAGO

AND

EASTEEtf ILLINOIS

RAILROAD SYSTEM

366 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement of funded debt (consolidated accounts), June 30, 1897:

DATE or BONDS.

INTEREST.

AMOUNT OP BONDS.

leened.

Maturity.

When
Payable.

Rate.

Authorized.

Out-
standing.

C. & E. I. RR. Co. 1st Mtge. Cy. Bonds.. .
D. &. G. C. RR. Co. l8t Mtge. Cy. Bonds.
C. & B. I. Exten. 1st Mtge. Cy. Bonds
1st Consol Mtge Gold Bonds

Sept. 1, 1877
May 1,1880
Dec. 1,1881
June 2, 1884
Feb. 1,1887
Nov. 1,1887
Nov. 1,1887
Jan. 1,1886

Dec. 1, 1907
May 1,1920
Dec. 1, 1931
Oct. 1,1934
Feb. 1, 1912
Nov. 1, 1937
Nov. 1, 1937
Jan. 1,1936

June and Dec.
May and Nov.
June and Dec.
April and Oct.
Feb. and Aug.
May and Nov.
May and Nov.
Jan. and July

P.C,

6
6
6
6
5
5
5

3,000,000
250,000
250,000
6,000,000

1

2,989,000
119,000
103,000
2,788,000
42,000
8,971,000
796,000
4,626,000

Sinking Fund Coll. Trust Gold Bonds. . . .
Gen. Consol. 1st Mtge. Cy. Bonds, Conp..
Gen. Con. 1st Mtge. Bonds,Cy. Registered.
C. & I. C. Co. Ry. 1st Mtge. Cy. Bonds. ...

See below.

See below.

The 1st mtge. C. & E. I. bonds are secured by 1st lien on the main line from Dolton to Danville, 111.,
107.21 miles. They are coupon bonds, with privilege of registration, and are issued in denominations of $100,
$500, and $1,000. Provision was made for the accumulation, after 1885, of a sinking fund of $20,000 a year
for the redemption of these bonds; total accumulations to June 30, 1897, $296,466.12. Trustee: Central Trust
Co., New York. Interest payable at Fouth National Bank, New York, N. Y., or Globe National Bank, Boston,
Mass.

The Danville and Grape Creek bonds are a 1st lien on 7 m. qf road, from Danville to Westville, 111.
They are for $1,000 each, in coupon form, with privilege of registration. Interest payable at the Globi
National Bank, Boston, Mass.

The C. <& E. I. Ext. bonds are a 1st lien. on the line from Grape Creek to Sidell's Grove, 111., 15. t
miles. They are for $1,000 each, in coupon form, with privilege of registration. Interest payable at Fourth
National Bank, New York, N. Y.

The 1st consol. mtge. bonds are a lien on all the property of whatever description owned by the com-
pany prior to consolidation with the Strawn and Indiana State Line and the Chicago, Danville and St. Louis
RR. Cos., Nov. 12, 1887. The trustee holds an amount of these bonds sufficient for the retirement of prior
liens. They are $1,000 bonds, in coupon form, with privilege of registration; principal and interest payable
in gold. Trustee: Central Trust Co., New York. Interest payable at the Central Trust Co., New York, or
Globe National Bank, Boston, Mass.

The collateral trust bonds are for $1,000 each, in coupon form, with privilege of registration. Interest
payable at the Central Trust Co., New York.

The gen. consol. and 1st mtge. bonds are a lien on all the property acquired by the company since the
consolidation of Nov. 12, 1887, and are also a lien on all the company's property, of whatever name or nature,
subject, however, to prior liens, for the retirement of which a sufficient amount of these is reserved in trust.
They are limited in issue to $18,000 p. m. of single track, $8,000 p. m. additional for double track, and $7,000
p. m. for equipment, the issue under the last-mentioned provision, however, not to exceed the actual cost of
equipment. They are $1,000 coupon bonds, with provision for conversion into registered bonds. In July,
1897, the total issue of these bonds was limited to $30,000,000 and an amount of them was set aside sufficient
to retire the 1st mtge. bonds of the C. & I. Coal Ry. Co. Trustee Central Trust Co. New York.

The 1st mtge. bonds of the Chicago and Indiana Coal Ry. Co. are secured on the line from Brazil, Ind.,
to La Crosse, Ind., the link from Percy June., Ind., to Illinois State Line, and the 9.67 m. of coal branches;
a total of 174.30 miles. They are coupon bonds for $1,000 each, and are limited in issue to $18,000 per mile
of single track road and $7,000 per mile for equipment , with provision for a further issue of $8,000 per mile
for double track. Trustees: Metropolitan Trust Co., New York, N. Y., and R. B. F. Peirce, Crawfordsville,
Ind. Interest payable at the office of the Metropolitan Trust Co., New York, N. Y.

RAILROADS LEASED BY THE CHICAGO AND EASTEKN ILLINOIS RR. Co.

lOvnusvill*-, Terre Haute and Chicago

Ry.— Length of line (steel rail), 48.58 miles. Char-
tered June 2, 1869; opened Dec. 13, 1871. Leased to
the C. & E. 111. RR. Co., for 999 years from May 1,
1880; rental, $75,000 per annum. The Interest on
income bonds, $9,000 Is also payable by the lessee,
making the annual payment $84,000. Financial
Statement June 30, 1897.— Common stock, $482,950;
preferred, $99,000; funded debt 1st mtge. 6 p. c.
30-yr. gold bonds, due May 1, 1900, int. M. & N..
$775,000; 1st and 2d mtge. 6 p. c. gold bonds, dated
April 1, 1873, due Jan. 1, 1900, int. J. & J., $325,000;
income 6 p. c. cy. bonds, dated Aug. 9. 1881, due
May 1, 1920, int. M. & N., $150,000; unfunded debt,
$41,790; income balance, $70,747— total, $1,944,487.
Contra: Cost of road, etc., $1,824,893; sinking funds,
$72,760; other assets, $46,834. The 1st mtge. bonds
are secured on the line from Otter Creek Junction to
the State Line, 43.10 miles. The 1st and 2d mtge.
bonds are a 1st lien on the line from Danville to the
State Line, and a 2d lien on the rest of the road.
Interest on all bonds payable at the office of the
Farmers' Loan and Trust Co., trustee, New York. In-

Indiana Block Coal RR.— Length of line,
12.62 miles. Chartered April 17, 1878; road opened
Jan. 1, 1879. Leased April 30, 1880, to the C. & B.
111. RR. Co.; rental, $12,500 a year; other receipts,
1896-97; interest on bonds in sinking fund, $3,518—
total, $16,018. Expenses, $500; interest on bonds,
$10,500; surplus. $5,018. Financial Statement.— Capi-
tal stock, $75,000; 1st mtge. 7 p. c. 30-yr. sinking^
fund cy. bonds, due July 1, 1908, int. J. & J.. $150.-
000; accounts, $51; income, $53.656— total, $278,707.
Contra: Cost of road, etc., $225,000; sinking fund,
$51,166; other assets, $2,541. Amount annually ap-
plicable to the purchase of bonds for sinking fund,
$1.500. Interest payable at Farmers' Loan and Trust
Co., trustee. New York, N. Y. Interest on bonds is
guaranteed by the lessee. C. W. Hillard, Pres. &
Treas.; H. A. Rubfdge, Sec. General Office, Chicafjo,

Board of Directors, C. & E. 111. RR. Co., as constituted June 1, 1898.

Term expires 1899.

C. W. Hillard Chicago, 111.

R. M. Hoe New York, N. Y.

J. G. English Danville, 111.

R. P. Flower New York, N. Y.

Term expires 1900.

H. H. Porter Chicago, 111.

A. R. Flower New York, N. Y.

Henry Seibert "

M. J. Carpenter Chicago, 111.

Term expires 1901.

Geo. H. Ball Boston, Mass.

O. S. Lyford Chicago, [11.

Geo. S. Brewster. .New York, N. Y,,

POOR'S MANUAL — CHICAGO AND NORTHWESTERN RY. CO.

367

Executive Committee; H. H. Porter, Chairman; M. J. Carpenter, R. P. Flower, Henry
Seibert, C. W. Hillard.

H. H. PORTER, Chairman of Board . .Chicago, 111.

M. J. CARPENTER, President .- -. " "

0. S. Lyford, Vice-President

C. W. Hillard, 2d Vice- President and Treasurer " "

Secretary and Auditor — H. A. Rubidge . . . Chicago, 111. | Astt. Treasurer— A.. R. Flower New York, N. Y.

PRINCIPAL OFFICE AND ADDKESB 355 Dearborn St., Chicago, 111.

CHICAGO AND NORTHWESTERN RAILWAY COMPANY.

Main Line of Road. — Chicago, 111., to East Omaha, la 492.00 m.

Other Divisions and Branches Owned (details shown in mileage

statement) 3,290.29 m.— 3,782.29 miles.

( Winona and St. Peter RR. (details shown in mile-
age statement) 448.48 m.
Dakota Central Ry. (details shown in mileage state-
ment— Dakota Division) 723.93 m.
Princeton and Western Ry. : Necedah June, to Ne-

L cedah, Wis 16.06 m.— 1,188.47 "

Leased : St. Paul Eastern Grand Trunk Ry. : Clintonville to

Oconto, Wis., and Branches . 60.02 "

Total length of lines operated May 31, 1897 5,030.78 miles.

2d track, 442.82 m. ; sidings, 1,658.43 miles. (The mileage of sidings includes 57.4 m. of spur
tracks on the Ashland Division that are leased to manufacturing companies.) Gauge, 4 ft.
8} in. Rail in main and 2d track (steel, 5,191.49 m.), 72, 80 and 90 Ibs.

Statement of mileage, as operated by divisions, May 31, 1897.

PENINSULA DIVISION (464.44 miles) : Miles.

Green Bay. Wi?., to Republic, Mich 302.64

dowry to Michigamme, Mich 10.44

WISCONSIN DIVISION (556.85 miles): Miles.

Chicago, 111., to Green Bay, Wis. (via Janesv.).242.20

Appleton, Wis., to Water Power 3.63

Chicago Cut-off (connecting line) 5 .20

Chicago, 111., to Milwaukee, Wis 85.00

Milwaukee, Wie., to Fond du Lac June., Wis. . 62.63

Mayfairto North Evanston, III 7.69

Kenosha, Wi?., to Rockford, 111 72.10

Sheboygan, Wis., to Princeton, Wia 78.40

GALENA DIVISION (405.76 miles) :
Chicago, III., to Miss. Riv., opp. Clinton, la. . . .137.00

Chicago, 111., to Freeport, 111 121.00

Elgin, 111., to Williams Bay, Wis 51 .04

St. Charles 111., to Aurora, HI 11.80

Cortland, 111., to Sycamore, 111 4.64

Belvidere to Spring Valley, 111 75.78

Chicago South Br. Track June, to River 4.50

IOWA DIVISION (618.43 miles) :

E. Bank of Miss. Riv. to Mo. Riv., opp. Omaha. 354. 00
Clinton, la., to Slate Quarry, beyond Anamosa. 73.57

Dee Moines, la., to jc. with No. la. Div 57.34

Boone, la., to Coal Banks .-.. 3.25

Cedar Rapids Cut-off 5.%

Stanwood, la., to Tipton, la 8.50

Carroll, la., to Kirkman, la 34.81

Junction near Manning to Audubon, la 17.00

Belle Plaine to Coal Mines, la 64.00

NORTHERN IOWA DIVISION (545.91 miles) :

Tama, la., to Elmore, Minn 164.56

Eagle Grove, la., to Dakota Line. 145.20

Jewell Jc., la., to June, with Des Moines Line. . 1 .75

Jewell Junction, la., to Carnarvon, la 73 . 68

Maple River Junction, to Onawa, la 80.85

Wall Lake, la., to Moville, la 79.87

MADISON DIVISION (509.27 miles) :

Belvidere, 111., to Winona. Minn 227.00

Medary to La Crosse, Wis 3 .96

Galena, II!., to Woodman, Wis 76.84

Ipswich ^p Platteville, Wis 4.00

Lancaster Junction to Lancaster, Wis 12.04

Milwaukee, Wis.. to Morifort, Wis 140.88

Trempealeau, Wis., to Galesville, Wis 6.71

Necedah June, to Necedau, Wis 16.06

Afton, Wis., to Janesville, Wis 6.10

Evansville to Janesville, Wis 15.68

Wabik to Champion, Mich 1 .23

Powers to W:itersmeet, Mich 104.33

Stager to Amasa, Mich 24.10

Narenta to Metropolitan, Mich 34.86

Branches and Extensions to Iron Mines 86.84

WINONA AND ST. PETER RR. Div. (448.48m.) :

Winona, Minn., to Watertown, S. D 322.98

Plainview Jc. to Plainview, Minn 15.01

Chatfleld Jc. to Chatfield, Minn 11 .46

Rochester to Zumbrota, Minn 24.48

Mankato Jc. to Mankatq, Minn 3.75

Sleepy Eye to Redwood Falls, Minn 24.40

Tracy, Minn., to S. D. State Line 46.40

DAKOTA DIVISION (723.93 miles) :

Minnesota State Line to Pierre, S. D 209.11

James Valley Jc. to Oakes, N. D 131.95

Watertown to Gettysburg, S. D 146.25

Sioux Valley Jc. to Watertown, S. D 43.83

Iroquois, S. D., to Iowa State Line, near Hawar-

den 125.49

Doland to Groton. S. D 38.84

Centreville to Yankton, S. D 28.46

ASHLAND DIVISION (757.71 miles) :
Lake Shore June, to Ashland. Wie , via Waters-
meet 386.13

Monico Junction to Hurley, Wie> 88.11

Two Rivers Junction to Two Rivers, Wis 6.35

Hortonville to Oshkosh, Wis 23.10

Eland Junction to Marshfleld, Wis 63.87

North of Antigo to East Bryant Switch, Wis. . . 7.27

Pratt Junction to Harrison. Wis 17.85

Parrish Junction to Parrish, Wis 4.54

Watersmeet to Choate, Mich 22.82

Interior Junction to Interior, Mich 1 .61

Craigsmere to Bobbins 3.47

Hurley to End of Track 19.27

Potato River Jc. to End of Track 2.60

Extension through Section 34 1.34

Branches and Extensions to Iron Mines 34 .22

Spurs to Industrial Establishments 21.44

Clintonville to Oconto, Wis. (Leaned) 56.00

Spurs to Industrial Establishment (Leased} 4.02—60.02
Total length of lines May 31, 1897 .5,030.78

368 POOK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

CONTRACTS AND AGREEMENTS. — The company has contracts and agreements with other railroad companies,
as follows: With the Chicago, Burlington and Quincy, securing to that company the joint use of the bridge
over the Mississippi River at Clinton, la., at an annual rental of $20,000; with the company just named and
the Chicago, Rock Island and Pacific, giving them joint use with this company, of certain sidings in Council
Bluffs, la.; with the Union Pacific Ry. Co., agreement of Oct. 18, 1889, for the establishment of a joint
through line over the lines of both parties, to be in force for 10 years from Nov. 1, 1889; with the Chicago,
St. Paul, Minneapolis and Omaha, providing for joint running arrangements between Chicago and St. Paul,
and division of earnings upon a pro rata per mile; and with the Duluth, Red Wing- and Southern, by which
that company acquires the joint use of certain tracks and buildings in Zumbrota, Minn.

History. — Organized in 1859 as successor to the Chicago, St. Paul and Fond du Lac RR.
Co., which had 176.80 miles of railroad in operation. The rest of the mileage was built
chiefly through medium of proprietary companies, all the stocks and bonds of which were
owned by the Chicago and Northwestern, and all except three of which have been absorbed by
that company. (See MANUAL, for 1885, p. 656.) The Milwaukee, Lake Shore and Western
Ry. Co. was absorbed Sept. 1, 1893. (See MANUAL for 1894, p. 1344.)

The company owns the entire share capital of the Fremont, Elkhorn and Missouri Valley
RR. Co., and a majority interest in the Sioux City and Pacific RR. Co., and Chicago, St. Paul,
Minneapolis and Omaha Ry. Co.

Rolling Stock, May 31, 1897. — Locomotives, 1,010. Cars — 1st claps passenger, 479 ; 2d
class, 44 ; parlor, 22 ; dining, 9 ; chair, 26 ; buffet, 4 ; combination, 79 ; baggage and express.
150 ; mail, 35 ; officers', 5 ; boarding, 26 ; caboose, 546 ; milk, 41; freight (box, 19,623; gon-
dola, 3,250 ; flat, 3,645 ; stock, 2,881 ; refrigerator, 646 ; iron ore, 4,351), 34,397 ; other cars
49— total cars, 35,911.

Operations, year ending May 31, 1897. — See tabulated statement on page 369.

Earnings— Passenger $6,963,578 31

Freight 22,236,612 19

Mail and Express 1,445,874 97

Other Sources 331,178 01

Total ($6,157.54 per mile) $30,977,243

Expenses— Conducting Transportation. ..$11,001,471 22
Maintenance of Equipment. . . 3,033,187 90

Roadway and Structures 4,143,017 39

General aad Taxes 1,761,144 55

Total ($3,963.37 per mile) $19,938,821 06

Net earnings (35.63 p. c.), $11,038,422.42 ; income from investments, $336,790 ; dividends
on " Omaha" stock (preferred, $376,600; common, $186,400), $563,000; interest and exchange,
balance, $64,521.87— total, $12,002,734.29. Payments : Interest on bonds, $7,115,700.95 ; sink-
ing fund accounts (Madison Extension gold bonds, $23,000 ; Menominee Extension gold
bonds, $20,000 ; North Western Union Ry. gold bonds, $15,000 ; C. & N. W. Ry. sinking fund
bonds of 1879, $138,412.50), $196,412.50 ; dividends on preferred stock (Oct. 5, 1896 ; Jan. 6,
April 6, July 6, 1897 ; If p. c. each), $1,564,955 ; on common stock (Jan. 6 and July 6, 1897 ;
2£p."c. each), $1,953,695— total, $10,830,763.45. Surplus, $1,171,970.84 ; surplus forward,
$2,851,532.76— total, $4,023,503.60.

General Balance Sheet, May 31, 1897 (4,970.76 miles).

Cost of Property $171,855,854 99

Farmers' L. & T. Co., Tru9.$4,698,590 37
Central Trust Co., Trustee. 134,460 00
Union Trust Co., Trustee.. 3,161,000 00— 7,994,050 37

F. E. & M. V. Bonds in Trust 13,235,000 00

Land Grant Investments 41,76000

Cost of F. E. & M. V. Stock 1,981,500 00

M. L. S. & W. Bonds on Hand 8,447,000 00

Stock C., St. P., M. & O. Ry. Co 10,000,00000

C. & N. W. Stock in Hands of Treasurer 2,337,402 61

C. & N. W. Bonds on Hand 135,843 75

Cost Sec. & Adv. Var. Cos. (net bal'ce) 762,738 46

Materials on Hand 2,165,97385

Sundry Current Accounts 1,581,066 78

Bills Receivable 158,250 90

Cash 2,225,467 35

Total Assets $222,921,909 06

Common Stock and Scrip .«.,.•. $41,416,865 97

Preferred Stock and Scrip 22,367,454 56

Funded Debt— See Bond Statement 131,387,500 03

* Purchase Account 8,407,00000

Sinking Fund Payments and Accretions 7,994,050 37

Supplies, Materials, and May Accounts. 576,602 98

Coupons and Old Dividends 132,708 02

Interest Accrued and Accruing 1,855,025 13

Dividends Payable July 6, 1897 1,368,383 75

Current Pay Rolls, Payable in June 1,082,398 06

Due Other Companies 215,981 65

Land Income 2,078,271 32

Railroad Income Account 4,023,503 fO

Income Account, Consolidat'n Coal Co. 15,163 70

Total Liabilities $222,921,909 06

* Bonds on hand from purchase of M., L. S. & W. Ry. ; M., L. S. & W. Ry., Marshfleld Ext. 1st mtg<!.
bonds, $200,000; M., L. S. & W. Ry., ext. and improv. sinking fund mtge. bonds, $207,000; M., L. S. & W.
Ry., general mtge. bonds, $8,000,000— total, $8,407,000.

1

Capital stock was increased $28,000 during the year ; this increase being $14,000 of pro-
ferred stock and $14,000 of common stock, issued for the conversion of $28,000 of 1st mtgo.
7 p. c. bonds of the Peninsula RR. of Michigan.

Of the capital stock as shown in the balance sheet, $2,333,608.05 common stock and scrip,
and $3,794.56 preferred stock and scrip, are owned by the company, leaving outstanding
$39,083,257.92 common stock and $22,363,660 preferred stock.

POORS MANUAL — CHICAGO AND NORTHWESTERN RY. CO.

369

Preferred t>tock is first entitled to dividend up to 7 p. c. ; common stock then to same
rate ; preferred then to additional dividend up to 3 p. c. (in all 10 p. c.) ; common stock then
entitled to additional dividend up to same rate ; both share alike in any further dividends.

Statement of property, operations and capital account for seven fiscal years :

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad

4,27307
4,25455
5,58130
3,098 69
846
405
145
26,356
7,323,359
14.600,545
13,184,829
309,212,070
13,616.872
1,950,037,071
$
6,700,351
19,829.341
1,263,982

4,27307
4,273 07
5,774 31
4,13350
858
467
157
27,952
7,784,620
15,954,454
15,018,223
336,878,416
15,337,758
2,246,302,541
$
7,298,880
22,788,422
1,334,970

4,273 07
4,273 07
5,89306
4,21797
898
596
163
29,634
8,392,180
16,924,241
17,191,075
382,76-2.047
16,123.ti79
2,290,757,296
$
7,956,440
23,377,715
1,375,592

5,03078
4,841 35
6,94183
5,00155
1,010
658
180
35,315
9,667,227
16,063,562
17,082,400
474,140,833
12,949.382
1,989,355,696
S
9.226,467
21,284,920
1,474,786

5,030 78
5,03078
6,94203
5,120 13
1,010
658
180
35,425
9,459,187
14,662,063
15,117,298
340,377,973
13,822,906
1,713,655,944

7,044,691
19,484,415
1,579,268

5,030 78
5,030 78
7,037 73
5,12898
1,010
662
185
35,064
9,703,643
16,809,353
15,241,910
361,600,670
17,082,389
2,372,365,483
$
7,408,827
24,354;622
1,725,312

5,030 78
5,030 78
7,132 03
5,191 49
1,010
663
185
35,063
9,996,172
15,571,268
13,821,065
341,108.883
15,225,138
2,254,027.285
S
6,963,578
22,236,612
1,777,053

Average Miles Operated.
Miles of Track

Miles of Steel Rail

Locomotives

Passenger Cars

Baggage, etc. , Cars
Freight and Other Cars.
Passenger Train Miles. .
Freight Train Miles. . . .
Passengers Carried
Passenger Miles

Freight (tons) Moved. . .
Freight (ton) Miles

Passenger Earnings
Freight Earnings

Other Earnings

Gross Earnings

27,793,675
18,291,006

31,422,272

20,336,438

32,709,747
22,293,153

31,986,182
20,907,929

28,108,374
18,511,728

33,488,761
21,448,971

30,977,243
19,938,821

Expenses and Taxes

Net Traffic Earnings. . . .
Other Receipts

9,502,669
259,585

11,085,834
317,736

10,416.594
767,635

11,078,253
431,672

9,596,646
652,276

12,039,790
671,638

11,038.422
964,312

Available Revenue

9,762,254
5,880,390
201,301
(7)1,563.310
(6)1,882,194
234.7.%
6,532 69
4.299 16
2i23353
65.81 p. C.
2.17 c.
1.02c.
I
22,335,454
41,384,866
529,885
112,570,500
5,600,101
1,302,195
6,104,825
7,978,369

11,403,570
6,072,960
410,425
(7) 1,563,345
(6)2,112,390
1,244,450
7,35366
4,759 21
2,594 35
64.72 p. C.
2.1Tc.
1.02C.
1
22,336,954
41,384,866
519,510
114,235,500
6,129,761
11,531,557
5,950,149
9,800,004

11,184,229
6,204,319
200,200
(7) 1,563,432
(6)2,343,129
873,149
7,65486
5,217 13
2,437 73
68.15 p. c.
2.06 c.
1.03 c.
S
22,337,454
41,386,866
519,510
117,100,500
6,486,181
11,791,624
6,035,134
10,900,054

11,509,925
6,875,232
327,150
(7) 1,563,450
(6)2,343,144
400,949
6.60687
4,31862
2.28825
65.37 p. C.
1.95C.
1.08 c.

22,338,455
41,387,866
519,510
130,113,500
6,617,106
13,214,344
5,554,326
11,565,325

10,248,922
7,071,185
325,830
(7)1,563.450
(4) 1,562,096
dif. 273,590
5,58728
3,679 69
1,90759
65.86 p. c.
2.07 c.
1.15c.
S
22,338,455
41,387,866
519,510
131,664,500
7,201,571
11,978,267
4,622,142
11,503,745

12,711,428
7,122,356
220,990
(7)1,563,975
(5)1,953082
l,85i;025
6,656 77
4,263 55
2,393 22
64.05 p. C.
2.05 c.
1.04 c.

22,353,455
41,402,866

12,002,734
7,115,701
196,412
(7) 1,564,955
(5) 1,953,695
1,171,971
6,157 54
3,965 37
2,194 17
64.37 p. c.
2.04 c.
1.99c.
$
22,367,455
41,416,866

Interest on Bonds

Sinking Funds

Dividends, Preferred . . .
Dividends, Common
Balance, Surplus. . . .

Gross Earnings per Mile.
Gross Expenses per Mile.
Net Earnings ner Mile. . .
Expenses to Earnings. . .
A.V. Rate per Pass, per M.
A.V. Rate per Ton per M .

Preferred Stock

Common Stock

Bonded Debt

131,528,500
7,590,936
8,447,000
5,335,816
4,671,974

131,387,500
7,994,050
8,407,000
5,232,100
6,116,938

Sinking Funds

3eneral Liabilities
Accounts, Bills, etc
tucome Accounts

Total Liabilities
?O8t of Property

196,806,195
157,193,271
5,600,101
27,554,409
3,026,245
1,751,921
2,680,248

211,889,801
161,107,982
6,129,761
38,091,1:36
2,143,382
1,994,771
2,422,769

216,557,324
165,935.481
6,486,181
37,474,486
1,886,959
1,980,464
2,793,753

231,510,432
180,209,711
6,817,106
38,696,746
1,777,254
1,700,008
2,309,607

231,216,056
180,795,491
7,201,571
37,619,746
1,866,138
1,421,649
2,311,461

221,330,547
170,283,850
7,590,936
36,767,605
2,164,195
1,777,149
2,746,812

222,921,909
171,855,855
7,994,050
36,941,245
2,165,974
1,739,318
2,225,467

iinking Funds

Jeneral Assets

[ Materials, etc

pills, Accounts, etc
'ash

Total Assets

196,806,195

211,889,801

216,557,324

231,510,432

231,216,056

221,330,547

222,921,909

Income Account. — Year ending May 31, 1898 (average 5,070.78 miles). Gross earnings,
35,992,726.97; operating expenses (62.63 p. c.), $22,543,708.17; laxes, $1,097,982.12— total
55.68 p. c.), $23,641,750.29. Net earnings, $12,350,976.68 ; income from investments, $456,-
35— total, $12,807,911.68. Payments : Interest on bonds and genera1 interest, $6,487,-
50.67 ; sinking funds, $197,260 ; anticipated interest on unmatured bonds surrendered for
en. mtge. bonds of 1987, $320,000— total, $7,005,210.67. Balance, net income, $5,802,-
01.01. Deduct for dividends (7 p. c. on preferred stock and 5 p. c. on common stock),
3,519,823.75. Surplus railroad income, $2,282,877.26. During the year gross earnings in-
reased $5,01-5,483.49 ; net receipts increased $991,935.17. Outlays for betterments, etc.,
larged to operating expenses increased as follows : On account of roadway, track, bridges,
'C., $729,291 ; on account of equipment, $1,257,014 — total increase in these charges,
1,986,305.

24

370

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement of the funded debt of C. & N. W. Ry. Co., May 31, 1897 :

DESCRIPTION or BONDS.

Date of Bonds.

Interest.

Amount
Out-
standing.

Annual
Interest.

Iss'd.

Payable.

Rate

Payable.

Chicago <fc N. W. Ry. Co.
General Consolidated Gold . .

1872
1871
1871
1891
1866
1879
1879
1883
1884
1891
1886
1886
1863
1863
1870
1881
1880
1880
1878
1879
1882
1882
1882
1878
1878
1878
1884
1871
1872
1872
1866
1884
1877
1885
1870-1
1887
1881

1881
1892

1884

1885
1889

Dec. 1,1902
June 1, 1911
April 1,1 911
April 1, 1902
Feb. 1, 1915
Oct. 1, 1929
Oct. 1,1929
May 1, 1933
Nov. 1, 1909
Apr. 15, 1921
Ang.15, 1926
Aug.15, 1926
July 1, 1898
Sept. 1, 1898
Oct. 1, 1900
July 1, 1901
Sept. 1, 1905
Nov. 1, 1905
July 1,1906
July 1, 1906
Feb. 1, 1907
Sept. 1, 1907
Nov. 1, 1907
Sept. 1, 1908
Sept. 1, 1908
Oct. 1, 1908
Mar. 1, 1909
Dec. 1, 1916
June 1, 1917
Nov. 1, 1905
May 1,1916
June 1, 1909
July 1, 1897
Mar. 1, 1910
Nov. 1, 1907
Feb. 1, 1907
May 1, 1911

May 1,1921
Oct. 1, 1922

July 1, 1924

Mar. 1, 1925
Feb. 1, 1929

p.c.

7
7
4*
7
6
5
5
5
g

4

4
7
7
8
6
6
6
7
7
7
6
6
7
7
7
5
7
7
6
7
7
7
5
7
5
S

6
5

6

6
5

June 1-Dec. 1
June 1-Dec. 1
April 1-Oct. 1
April 1-Oct. 1
F.,M., A. &N.
April 1-Oct. 1
April 1-Oct. 1
May 1-Nov. 1
May 1 Nov 1

$

12,336,000
2,546,500
2,977,500
1,411,000
12,832,000
6,129,000
7,268,000
9,800,000
5,369,000
9,819,000
13,235,000
4,254,000
1,700,000
68,006
1,350,000
720,000
1,600,000
1,528,000
400,000
160,000
600,000
1,007,000
2,000,000
200,000
100,000
150,000
1,600,000
4,038,500
3,365,000
601,000
2,332,000
769.000
377,500
1,500,000
1,592,000
436,000
500,000

5,000,000
400,000

1,281,000

1,000,000
4,148,000

S

863,520
178,255
208,425
83,495
898,240
367,740
363,400
490,000
268.450
690,950
529,400
170,160
119,000
4,760
108,000
54,200
96,000
91,680
28,0(K)
11,200
42,0>»
60,210
120,030
14,000
7,000
10,500
80,000
282,695
215,550
36,060
163,240
53,830
26,425
75,000
111,440
21,800
30,000

300,000
20,000

76,860

60,000
207,400

Menonrinee Extension Sinking- Fund

Madison Extension' Sinking Fund ....

Iowa Division, 1st Mtge

Consolidated Sinking Fund Currency

Sinking Funds of 1879, 6 p. c

Sinking Funds of 1879, 5 p. c

* Sinking Fund Debenture of 1893

t Debentures

Debentures of 1891

April 15-Oct.ft
Feb. 15-Aug. 15
Feb. 15-Aug. 15
Jan. 1-July 1
March 1-Sept. 1
April 1-Oct. 1
Jan. 1-July 1
March 1-Sept. 1
May 1-Nov. 1
Jan. 1-July 1
Jan. 1-July 1
Feb. 1-Ang. 1
March 1-Sept. 1
May 1-Nov. 1
March 1-Sept. 1
March 1-Sept. 1
April 1-Oct. 1
March 1 Sept 1

t Extension Bonds of 1886

Extension of 1886. 4 p. c

Chicago and Milwaukee Ry., 1st Mtge

Peninsula RR. of Michigan, 1st Mtge.

Iowa Midland Ry., 1st Mtge

Escanaba and Lake Superior Ry.. 1st Mtge

Milwaukee and Madison Ry , 1 st Mtge

Chicago and Tomah RR., 1st Mtge

Menominee River RR., 1st Mtge

Menominee River Extension, 1st Mtge

DesM. & Minneapolis RR., 1st Mtge

Dak. C. Ry. [W. & St. P. Con.], 1st Mtge

Dak. C. Ry. [S. E. Div.], 1st Mtge

Roch. & Northern Minn. Ry., 1st Mtge. . . . .

Plainview RR.. 1st Mtge

Minnesota Valley Ry., 1st Mtge

Ottum C. F. & St. P. Ry 1st Mtge

Win. & St. P. Ry. [Ext. W. D.I, 1st Mtge

June 1-Dec. 1
March 1-Sept. 1
May 1-Nov. 1
May 1-Nov. 1
June 1-Dec. 1
Jan? 1-July 1
March 1-Sept. 1
May 1-Nov. 1
Feb. 1-Aug. 1
May 1-Nov. 1

May 1-Nov. 1
April 1-Oct. 1

Jan. 1-July 1

March 1-Sept. 1
Feb. 1-Aug. 1

Northwestern Union Ry., 1st Mtge

Chi., Mil. &N. W. Ry. Construction

Cedar Rap. & Mo. Riv. RR., 3d Div. 1st Mtge
Cedar Rap. & Mo. Riv. RR., 7 p. c. Mtge

Maple River RR., 1st Mtge

Northern Illinois Ry., 1st Mtge

Win. & St. P. RR., 2d Mtge. [now 1st Mtge.]
M., L., S. & W. Ry., 20-yr. Conv. Deb. of 1907. , .
M., L., S. & W. Ry., Income Bonds

M., L., S. & W. Ry., Con. 1st Mtge

M., L., S. & W. Ry., Marshfleld Ext., 1st Mtge. . . .
M., L. S. & W. Ry., Mich. Div., 1st Mtge

M., L. S. & W. Ry., Ashland Div., 1st Mtge

M., L. S. & W., Ext. A Imp. Sinking Funl Mtge.
Total

128,500,000
175,000
2,712,500

7,458,91

131,387,500

* These bonds, originally $10,000,000 in amount, of which $200,000 have been cancelled, were issued ii
purchase of Chicago, St. Paul, Minneapolis and Omaha Ry. Co. stock. t $1,966,500 of these were issued
for purchase of Fremont, Elkhorn and Missouri Valley RR. stock, t These were issued in exchange for the
1st mtge. bonds of the Fremont, Elkhorn and Missouri Valley and the Wyoming Central Ry. Cos. These
several issues amounting to $25,001,500, deducted from the total amount outstanding ($128,500,000), leuve
$103,498,500 (or $20,821.46 per mile) as the net amount issued to cover the 4,970.76 miles of the Chicago and
Northwestern Ry. St. Paul Eastern Grand Trunk Ry. 1st mtge. 6 p. c. bonds of Jan. 1, 1913, of which $1,-
120,000 are outstanding, are not included in the above table, as the interest only, and not the principal, is
a liability of the C. & N. W. Ry. Co. Interest on all bonds is payable at the company's office in New York.

Since the close of the fiscal year a mortgage has been executed to the United States Trust Co. of Nei
York as trustee, to secure an issue of $165,000,000 of 90-yr. gen. mtge. gold bonds, bearing interest at not
exceeding 5 p. c. per annum and secured by lien upon the entire railroad and equipment of the C. & N. W.
Ry. Co. east of the Missouri River, including the Winona and St. Peter RR. and the Dakota Central Ry.,
when these shall have been absorbed — a total of 4,970.76 miles. The new bonds are in coupon form, for
$1,000 each, with interest payable May 1 and Nov. 1. They can be registered upon the books of the comp>
and re-transferred to bearer. Registered certificates of $1,000, $5,000 and $10,000, bearing quarterly inter
payable on the 1st of Feb., May, Aug. and Nov., can be obtained in exchange for coupon bonds. The p
pose of the new issue is to refund all prior liens amounting in the aggregate to $131,640,000, and provide; :
future enlargement, improvement or extension of the property. Under date of July 9, 1897, $20,000,0(0 o;
these bonds, bearing 34 p. c. interest, were sold under contract for future delivery, $2,000,000 of them to be
paid for in cash and the balance to refund or pay the following prior liens: $1,700,000 Chicago and Milwaukee
1st mtge. bonds, $1,350,000 Iowa Midland 1st mtge. bonds, $720,000 Escanaba and Lake Superior 1st nitge.
bonds, $1,411,000 Iowa Division 1st mtge. bonds and $12,336,000 gen. consol. mtge. bonds; a total of $17,517,-
000. All prior lien bonds acquired in exchange for new gen. mtge. bonds are to be deposited with the tristee
pi th.e latter as additional security.

POOR'S MANUAL — CHICAGO AND NORTHWESTERN RY. CO. 371

The gen. consol. gold "is of 1872-1902 are secured by mtge. lien on 1,669.92 m. of railroad (Chicago, 111.,
to Ishpeming, Mich., including branches to mines; Chicago, 111., to the Missouri River opposite Omaha, Neb.;
Chicago to Freeport, 111.; Chicago, 111., to Fond du Lac, Wis. ; Belvidere, 111., to Winona, Minn.; Elgin, 111.,
to Lake Geneva, Wis.; Kenosha, Wis., to Rockford, 111.; Clinton to Anamosa, la.; Stanwood to Tipton, la.;
Geneva to Batavia, 111. ; Geneva to St. Charles, 111. ; also the South Chicago Branch track and the Montrose
Cut-off track), together with all the equipment, depot grounds, shops, machinery, leaseholds and proceeds
of land grant appertaining to that mileage, subject, however, to prior liens. The bonds are in coupon or
registered form — coupon, $500 and $1,000, and registered, $1,000, $5,000, $10,000. Coupon bonds are exchange-
able into registered certificates. A sinking fund of 1 p. c. per annum began on June 1, 1874, and is applied
to the purchase o* bonds at not above par. The amount of bonds provided for under the mtge. was $48,000,-
000, of which the company reserved $35,349,000 for the retirement of an equal amount of prior lien bonds,
and it was provided that the remaining $12,651,000 should .be issued from time to time as needed for additions
and improvements. Trustee: Union Trust Co., New York. Principal and interest are payable in gold at the
office of the company in New York, and interest on a limited amount either in New York or at the company's
agency in London.

The Menomince Extension bonds of June 1, 1911, are secured by mtge. on the line from Fort Howard,
Wis., to Escanaba, Mich., 114.10 miles. They are gold bonds of $1,000 and $500, etc., each. A sinking fund of
$20,000 per annum is provided. The total amount of bonds is $2,697,000, of which $150,500 ar« held alive in
the sinking fund.

The Madison Extension bonds are secured by mtge. on the line from Madison to Winona Junction,
Wis., 129.10 miles. They are gold bonds for $1,000 and $500, etc., each. A sinking fund of $23,000 per annum
is provided. The total amount of bonds is $3,150,000, of which $172,500 are held alive in the sinking fund.

The Iowa Division bonds were authorized to provide for the payment of an equal amount of 7 p. c.
bonds. The bonds are dated April 1, 1891, and were issued to retire $700,000 Cedar Rapids and Missouri River
1st Division 1st mtge. bonds, matured Aug. 1, 1891; $129,000 Chicago, Iowa and Nebraska 1st mtge. 7 p. c.
bonds, matured Aug. 15, 1892, and $582,000 Cedar Rapids and Missouri River 2d Division 1st mtge., matured
Aug. 1, 1894. The bonds are secured on the line from Wall Lake to Kingsley, la., 71 miles.

The consol. sinking fund currency bond* are secured by a 1st mtge. lien on road and equipment, as
follows: Chicago to Clinton, 137 m. ; Chicago to Freeport, 121 m. ; Elgin to Richmond, 34.54 m. ; Belvidere to
Madison, 68.90 m. ; Chicago to Fort Howard, 245.83 m. ; Escanaba to Negaunee, Mich., and Iron Mines, 108.85
m. ; Rockford to Kenosha, 72.10 m. — total, 788.22 miles. These bonds carry voting power. The amount of
consol. sinking fund bonds now outstanding is $12,832,000. These are $1,000 coupon bonds, with privilege
of registration. Trustee: Farmers' Loan and Trust Co., New York, N. Y.

The sinking fund bonds of 1879-1929 are for $1,000 each, and are in coupon or registered form. Trustee:
Farmers' Loan and Trust Co., New York. The bonds are not mortgage, but are a direct obligation of the
company, and are secured by deposit of an equal amount of 1st mtge. bonds (maturing same date as these
bonds) of roads built or acquired by the company, and secured on 1,041.50 miles of railroad as follows: Tracy,
Minn., to South Dakota State Line, 58.12 m. ; Eyota to Chatfield, Minn., 26.47 m. ; Stanwood to Tiptonf la.,
8.5 m. ; Michigan State Line, near Spread Eagle, to Wisconsin State Line, near Stager, 13.73 m. ; Sheboygan
to Princeton, Wis., 78.40 m. ; Janesville to Afton, Wis., 6.10 m. ; Carroll to Kirkman, la., 34.81 m. ; Manning
to Audubon, la., 17 m. ; Wisconsin State Line to Iron River, Mich., 21 m.; Stager to Crystal Falls, Mich.,
9.10 m. ; branches to Mines, 68.76 m. ; Trempealeau to Galesville, Wis., 6.71 m. ; Sycamore to Cortland, 111.,
4.64 m.; Tama to Elmore, la., 164.56 m. ; Eagle Grove to Hawarden, la., 145.20 m. ; Minnesota State Line near
Elkton to Pierre, S. D., 209.11 m. ; Huron to Columbia, S. D., 97 m.; Brookinga to Watertown, S. D., 43.83 m.,
and Centreville to Yankton, S. D., 28.46 miles. The total authorized issue of the bonds is $15,000,000, or at
a rate not exceeding $15,000 per mil-. On May 31, 1897, there were $13,397,000 outstanding— $6,129,000 6 p. c.
bonds and $7,268,000 5 p. c. bonds. A sinking fund of 1 p. c. per annum is provided, under which $130,000 of
the bonds were called for payment Feb. 1. 1898.

The sinking fund debentures of 1933 were issued to provide means for the purchase of a controlling
interest in the Chicago, St. Paul, Minneapolis and Omaha Ry. Co. The C. & N. W. Ry. Co. guarantees that
no increased mortgage debt, except for improvements, extensions, etc., shall be issued upon the same prop-
erty without providing equal security for these bonds. There is a sinking fund (after May 1, 1888) of $200,-
000 per annum, operative only if bonds can be purchased at not exceeding 105 and interest. The bonds are in
coupon form for $1,000 each, or registered for $1,000, $5,000 and $10,000. The coupon bonds may be registered
as to principal, or may be surrendered and cancelled and an equal amount of full registered bonds issued in
place of them.

The 5 p. c. 25-yr. debenture bonds of 1909 were issued for the purchase of the capital stock of the
Fremont, Elkhorn and Missouri Valley RR. Co., and for construction and equipment. The total amount of
these bonds is $6,000,000, of which $521,000 are held alive in the sinking fund and $110,000 are on hand. They
are $1,000 coupon bonds, but may be registered as to principal, or may be surrendered and cancelled, and
registered bonds in denominations of $1,000, $5,000 and $10,000 issued in place of them. All registered bonds
may be surrendered and cancelled, and other registered bonds issued in their stead. The C. & N. W. Ry. Co.
guarantees that no increased mortgage debt, except for improvements, extensions, etc., shall be issued upon
the same property without providing equal security for these bonds. Trustee: Union Trust Co., New York.
It is provided that in case of default for six months the trustee shall declare the bonds to be due and payable.

The 30-year debentures are authorized to the amount of $10,000,000, of which $181,000 are held alive in
the sinking fund. It is stipulated in the trust agreement that no increased mortgage debt, except for im-
provements, extension, or the like, shall be created without providing for these bonds equal security with
any additional bonds secured on the same property. The bonds are in coupon form, for $1,000 each. They
may be registered as coupon bonds as to principal only, or they may be surrendered and cancelled, and
registered bonds without coupons, in denominations of $1,000, $5,000 and $10,000, issued in place of them;
and any registered bonds may be transferred and cancelled, and other registered bonds issued in their stead.
Trustee: Union Trust Co., New York. It is provided that in case of default for six months the trustee shall
declare the bonds to be due and payable.

The 4 p. c. extension bonds of 1886 are limited in issue to $20,000 per mile, or a total of $20,000,000.
They are a direct obligation of the company, and were issued on pledge of collateral bonds, which are se-
cured by 1st mtges. (maturing same date as this mtge.) on lines from Mapleton to Onawa, la.; Lake City to
Wall Lake, la.; Columbia, S. D., to Oakes, N. D. ; Redfield to Gettysburg, S. D. ; Doland to Groton, S. D. ;
Janesville to Evansville, Wis. ; Kingsley to Moville, la. ; cut-off at Cedar Rapids, la. ; Iron River to Waters-
meet, Mich.; Ishpeming, Mich., to Michigamme, including branch; from Lake Geneva to Williams Bay, Wis.;
Montrose to North Evanston, 111.; and Crystal Falls to Amasa, Mich.; the total mileage being 317.29 m. ; and
also of $10.675,000 F. E. & M. V. consols and $2,560,000 Wy. Central 1st mtge. bonds, both of which are
deposited with the trustee as collateral. The F., E. & M. V. RR. Co. pays the interest upon $13,235,000 of
these bonds, which were used for account of the construction of its road. • The total amount of the bonds is
$18,632,000, of which $1,143,000 are held alive in the sinking fund. The bonds are in roupon or registered
form — coupon, $1,000, and registered, $1,000, $5,000, and $10,000. Coupon bonds are exchangeable into regis-
tered bonds and registered into other registered bonds. Trustee; Union Trust Co., New York.

372

POORS MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

' The Chicago and Milwaukee 1st mtgc. bonds are secured on the line from Chicago, 111., to Milwaukee,
Wis., 85 m., being at the rate of $20,000 per mile. They are for $1,000 each. The bonds will be paid off at
maturity, but holders may refund them at 101 p. c. and accrued interest in new gen. mtge. 3J p. c. gold
bonds of 1987.

The 1st mtge. bonds of the Peninsular RR. of Michigan are convertible, one-half into common and
one-half into preferred stock of the C. & N. W. Ry. Co. They are secured on the line from Escanaba to
Negaunee, Mich., and Iron Mines, 108.85 miles.

The loica Midland Ry. 1st mtge. bonds are secured on the line from Lyons to Anamosa, la., 70.79 m.,
being at the rate of $19,047.48 per mile. They are for $1,000 each.

The Escanaba and Lake Superior 6s of 1901 are $1,000 coupon bonds; principal and interest payable
in New York. They are secured on 36 m. of road, from Escanaba, Mich., to Felch Mountain Iron Mines.
Trustee: James H. Howe. Kenosha, Wis.

The Milwaukee and Madison bonds are secured on 82 m. of railroad, from Milwaukee to Madison, Wis. ;
also by guarantee of the Chicago and Northwestern Ry. Co., which guarantee is executed under seal upon
each bond. They are coupon bonds, for $1,000 each. Trustee: Farmers' Loan and Trust Co., New York.

The Chicago and Tomah RR. bonds are secured on the lines of the Galena and Wisconsin and Chicago
and Tomah RRs. (Galena, 111., to Woodman, Wis.; Montfort, Wis., to Madison, Wis.; Ipswich, Wis., to Plat-
ville, Wis.; and Lancaster June, to Lancaster), in all 151.76 m., together with depots, grounds, and all other
property appertaining to those lines. The bonds are in coupon form for $1,000 each, both principal and
interest being unconditionally guaranteed by the Chicago and Northwestern Ry. Co. Trustee: Farmers'
Loan and Trust Co., New York.

The Menomince River RR. 1st mtge. bonds are secured on the line from junction 22 m. west of Es-
canaba to Quinnesec, Mich., 25 m., being at the rate of $16,000 per mile.

The Mcnominee River RR. Extension 1st mtgc. bonds are secured on the line from Quinnesec, Mich.,
to the Wisconsin State line, 7.30 m., and branches, 2.70 m. — total, 10 m., being at the rate of $16,000 per mile.

The Des Moines and Minneapolis 1st 7s of 1907 are $1,000 coupon bonds; secured on line from Des
Moines to Jewel Junction, la., 58 miles. Trustee: Farmers' Loan and Trust Co., New York.

The Dakota Central Ry. 1st mtge. bonds are secured on the line from Watertown to Redfleld, S. D.,
71 miles. The total amount of bonds is $1,065,000, of which $58,000 are held alive in the sinking fund.

The Dakota Central Ry. (Southeast Div.) 1st mtge. bonds are secured on the line from Iroquois,
S. D., to Hawarden, la., 125.49 m., being at the rate of $15,937.46 per mile.

The Rochester and Northern Minnesota RR. 1st mtge. bcmds are secured on the line from Rochester
to Zumbrota, Minn., 24.48 m., being at the rate of $8,169.93 per mile. These bonds were assumed by the
Winona and St. Peter RR. Co.

The Plainview RR. 1st mtge. bonds are secured on the line from Eyota to Plainview, Minn., 15.01 m.,
being at the rate of $6,662.22 per mile.

The Minnesota Valley Ry. 1st mlge. bonds are secured on the line from Sleepy Eye to Redwood Falls,
Minn., 24.40 m., being at the rate of $6,147.54 per mile.

The Qttumwa,. Cedar Falls and St. Paul 1st 5s of 1909 are secured on 64 m. of road, from Belle Plain
to Muchakinock, la., and also by guarantee of the C. & N. W. Ry. Co. They are $1,000 coupon bonds.
Trustee: Union Trust Co., New York.

The Winona and St? Peter Ry. (Ext. W. D.) 1st mtge. bonds are secured on the line from St. Peter,
Minn., to Watertown, S. D., 183.98 m., being at the rate of $23,051.42 per mile. They are for $100, $500, and
$1,000 each. The total amount of bonds is $4,241,000, of which $202,500 are held alive in the sinking fund.

The Northwestern Union Ry. 1st mtge. bonds are secured on the line from Milwaukee to Fond du Lac,
Wis., 62.63 m. ; also on valuable terminal property in Milwaukee, Wis. Bonds are for $500 and $1,000 each;
issue, $3,365,000, of which $135,000 are live bonds 'in the hands of the trustees of the sinking fund.

The Chicago, Milwaukee and Northwestern Ry. construction bonds are secured by 1st mtge. on the
following lines: Montfort to Madison, Wis.; Ipswich to Platteville, Wis.; and Lancaster Junction to Lancaster,
Wis. ; a total of 151.76 miles. Of this issue $601,000 are outstanding, as above, and $149,000 live bonds are in
the sinking fund, making a total issue of $750,000, being at the rate of $15,010.54 per mile.

The Gedar Rapids and Missouri River RR. 1st mtge. bonds are secured on the line from the Des
Moines River to the Missouri River opposite Omaha, Neb., 149.60 in., being at the rate of $15,588.23 per mile.
They are for $500 and $1.000 each.

The Cedar Rapids and Missouri River RR. 1st 7s of 1884 are secured on the line from Cedar Rapids,
la., to the Des Moines River, 122 m., being at the rate of $6,303.28 per mile.

The Maple River RR. 1st mtge. bonds were retired at maturity, July 1, 1897. They were secured on
the line from Maple River Junction to Mapleton, la., 60 miles.

The Northern Illinois 1st 5s are $1,000 coupon bonds; secured on the line from Belvidere to Spring
Valley, 111., 76 miles. Trustee: Union Trust Co., New York.

The Winona and 8t. Peter 2d (now 1st) mtge. 7s of 1907 are dated Nov. 1, 1867. They are $1,000
coupon bonds, interest payable in New York. These bonds are secured on the line from Winona to St. Peter,
Minn., 139 m., and also by guarantee of the Chicago and Northwestern Ry. Co., the guarantee being endorsed
on each bond.

The Milwaukee, Lake Shore and Western consols are an authorized issue of $5,000,000. At the time
of creation t>f the mortgage $3,000,000 bonds were reserved for retiring sectional mortgage and equipment
bonds, and for other lawful purposes, while the remainder of the bonds have been issued since then on 168.66
m. of new road, at the rate of $12,000 per mile. The authorized issue of the extension and improvement
sinking fund bonds is $5,000,000. The mortgage under which 'these bonds were issued covers the whole
road and branches constructed at the date of issue of the bonds, Feb. 1, 1889, but is subject to prior mort-
gages. The sinking fund commenced on Aug. 1, 1893, and will receive yearly a sum equal to 1 p. c. of the
bonds i^ued, but not less than $25,000; bonds to be purchased if possible at 110, but if not obtainable at that
price the sinking fund to be invested. The bonds are for $1,000 each, in coupon form, with privilege of
registration. Trustee: Central Trust Co., New York, N. Y. Bonds of all classes are for $1,000 each; the
equipment bonds are coupon; the consols., Mich. Div., Ashland Div., and convertible debentures are coupon
with privilege of registration of principal.

The lines of road secured by the M., L. S. & W. consolidated mortgage aggregate 412.86 m., as follows:
Lake Shore Junction to Michigan State Line; Monico Junction north toward Hurley; Hortonville to Oshkosh.
Wis., Eland Junction to Wausau, Wis.; Two Rivers Junction to Two Rivers, Wis.; and Antigo to Mai com.
Wis. The Marshfield Extension Ists cover the line from Wausau to Marshfleld, Wis., 40 m.; the Michigan
Division Ists, from the State line to the Montreal River, 81.89 m.. and the Watersmeet branch, and branches
to mines. The Ashland Division Ists cover the road .from the Montreal River to Ashland, including dock,
etc., 39.62 miles. The various lines covered by the extension and improvement sinking fund mortgagt
aggregate 693.04 miles. The debentures are secured by mortgage of the extension improvement and sinking
fund bonds.

'

POOR'S MANUAL— CHICAGO AND NORTHWESTERN SYSTEM.

373

Statement showing the amount of capital stock, including that owned by the company,
at the close of each fiscal year, and the rates of dividends paid, from 1862 to 1897 inclusive :

g -
£.s

"*.5
£ £

Capital Stock.

Div. Paid.

Fiscal Year
ending in—

Capital Stock.

Div. Paid.

Fiscal Year
ending in—

Capital Stock.

Div. Paid.

Common.

Preferr'd.

C'm

Pref.

Common.

Preferr'd.

C'm
p.c.

Pref.

Com'n.t

Preferr'd.

C'm

Pref.

1862
1863
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873

$

2,953,236
3,731,316
11,990,500
13.160,921
13,174,901

$

p.c.

P. c.

J874
1875

1870
1877
1878
1879
1880
1881
1882
1883

ias4

1885

$

14,993,060
14.994,600
15,011,180
15,103,146
15,109,656
15,109,656
15,109,656
15,115,156
15,117,656
16,851,266
36,382,466
41,374,866

21,484413
21,485,653
21,502,233
21,696,335
21,702,845
21.702,845
21,702,845
22,208,345
22,210.845
22,325,455
22.325,455
22,325,455

p. c.

1886

1887

1889
1890
1891
1892
1893
1894
1895
18%
1897

$

41,374,866
41,374,866
41,374,866
41,374,866
41,384,866
41,384,866
41,386,866
41,386,866
41,387,866
41,387,866
41,402,866
41,416,866

22,325,455
22.325,455
22,325,455
22,325,455
22,335,455
22,335,455
22,336,955
22,337,455
22,338,455
22,338,455
22,353,455
22,367,456

p.c.
6
6
6
6
6
6

6
6
4
5
5

7
7
7
7
7
7
7
7
7
7
7

8,430,500
12,994,720
13.019,056

' 34"
3*
*7
*10
5
12
10
7
7*

'3"

4
6
6
6

7

7

7

7

t

8
8

13.234,496
14,555,676
14,590,162
14,676,629
14,774,005
14,810,980
14,993,020

14,780,125
16.356.287
16.659,097
20,370,293
21,030,313
21,067,663
21,484,063

*10
5
10
10

'si'

* Stock dividends.

t Of common stock the company owned in 1884 and 1885, $10,006,816 ; in 1886, 1887, 1888, and 1889, $10,007,416;
in 1890 and 1891, $10,007,521 ; in 1892, $2,345,165 ; in 1893, $2,331,958 ; in 1894, $2,332,958: in 1895, $2,333,078.

LAND DEPARTMENT. — The following statement shows the acreage held under the several
grants on May 31, 1896, and the changes occurring during the year :

LAND GRANTS.

UNCONVEYED, MAY 31, 1896.

DECREASE

INCREASE

c
1

UNCONVETED MAT 31, 1897.

Acres
Not
Sold.

Acres
Under
Contract.

Total.

Acres
Deeded.

Acres
Can-
celled.

Acres
Not
Sold.

Acres
Under
Contract.

Total.

Minnesota

105,448 80
284,67692
283,08156
25,18464

195,455 63
28,86367
1,710 15
76939

300,90443
313,540 59
284,79171
25,95403

44,34044
3,10275
1,129 81
48889

7,66352
16780

*40

107,401 08
279,696 80
281,974 30
24,85389

149,162 91
30,741 04
1,68760
65125

256,563 99
310,437 84
2*5,661 90
25,50514

Michigan

Wisconsin

Ashland Division

Total

698,391 92

226,79884

925,190 76

49,061 89

7,73132

693,926 07

182,24280

876,168 87

St. PaulE. G. T. Ry...

81,09789

17,274 20

98,371 59

3.20641

. 40.

78,293 84

16,871 34

95,165 18

* Gain of 40 acres by quit claim deed.

The sales from the several grants during the year amounted to 12,237.17 acres, and 337
lots for $141,215.23. There were sold from the Minnesota grant, 5,611.24 acres at an average
price of $10.95 per acre ; from the Michigan grant, 5,147.92 acres at aa average of $4.79 per
acre from the Wisconsin grant, 1,107.26 acres at an average of $5.55 per acre, and from
the Ashland Div. grant, 370.75 acres at an average of $2.88 per acre. The total gross re-
ceipts from sales and from advance and deferred payments, interest, trespass and stumpage
was $383.017.53, exclusive of sundry miscellaneous lands sold, not required by the company,
amounting to $13,872.31, the proceeds from which were credited to construction account.
The net land income, not including miscellaneous land receipts, was $295,608.11 credited to
land income account.

St. Panl Eastern Grand Trunk Ry.

— Oconto, Wis., to Clintonvllle, 56 m. ; sundry spurs
to industries, 4.02 m.— total, 60.02 miles. Gauge, 4
ft. 8j in. Rail (steel, 58.77 m.), 52 to 60 Ibs. Organ-
ized Sept. 5, 1879; leased Oct. 30, 1894 (for 30 p. o.
gross earnings), to the M., L. S. & W. Ry. Co., and
lease assumed by the C. & N. W. Ry. Co. in the con-
solidation of Sept. 1, 1893. (See Manual for 1893, p.
826.) Financial Statement.— Capital stock, $1,100.-
000; funded debt (1st mtge. 6 p. c. 30-yr. $1,000 gold

bonds, due Jan. 1, 1913; interest Jan. and July, at
the office of the lessee, New York, N. Y.), $1,120,000
—total, $2,220,000. The interest only, and not the
principal, of the 1st mtge. bonds Is guaranteed by the
lessee. Marvin Hugbitt, Pres., Chicago, 111.; M. L.
Sykes, Vice-Pres., New York, N. Y.; M. M. Kirkman,
Treas.; J. B. Redneld, Sec., Chicago. 111. General
Offices, 22 Fifth Ave., Chicago, 111., and 52 Wall St.,
New York.

Board of Directors, Chicago and Northwettern By. Co., elected June 1, 1898.

TUl 1899

W. K. Vanderbilt.New York.N. Y.
F. W.Vanderbilt.
H. McK. Twombly " "

Byron L. Smith Chicago, 111.

CyrusH. McCormick.. " "
John I. Blair, Blairstown, N. J.

TUl 1900.

Albert Keep ( Chairman) Chicago, 111.
Channcey M.Depew. New York, N.Y.
Samuel F. Barger... "

James C. Fargo " "

M. I.. Sykes

David P. Kimball Boston. Mass.

TUl 1901.

Marvin Hnghitt Chicago, 111.

N. K. Fairbank

James Stillman New York, N. Y.

Oliver Ames Boston, Mass.

Zenas Crane Dalton, Mass.

374 POOR'S MANUAL OF RAILROADS— RAILROAD " SYSTEMS'."

Executive Committee : Albert Keep (Chairman), Marvin Hughitt, Chauncey M. Depew,
S. F. Barger, H. McK. Twombly, David P. Kiiuball, W. K. Vanderbilt, James C. Fargo.

MARVIN HTJGHITT, President Chicago, 111.

M. L. Sykes, Vice- President and Secretary New York, N. Y.

2d Vice-President— M. M. Kirkman Chicago, 111.

3d Vice- President— H. R. McCullough

General Manager — John M..Whitman

Treasurer & Asst. Sec.—S. O. Howe. . .New York, N. Y.

Auditor & Asst. Sec.— J. B. Redfteld Chicago, 111.

Asst. Treas. & 2d Asst. Sec.—B. R. Williams. New York.

CHICAGO OFFICE No. 22 Fifth Aveuue.

NEW YORK OFFICE. . . .No. 52 Wall Street.

CHICAGO AND NORTHWESTERN SYSTEM.— CHICAGO, ST. PAUL, MINNE-
APOLIS AND OMAHA RY. CO.

Main Line of Road.— Elroy, Wis., to Omaha, Neb 592.89 miles

Other branches, divisions, and extensions (see below) 899.34

Total length of lines operated, Dec. 31, 1897 .1,492.23 miles

2d track, 23.79 m.; sidings, 411.71 miles. Gauge, 4 ft. 8£ in. Rail (steel, 1,414.34m.), 50
to 80 Ibs.

Statement of mileage as operated by divisions :

EASTERN DIVISION.

Elroy, Wis., to St. Paul, Minn 196.47

St. Paul to Minneapolis, Minn 10.10

Stillwater June, to Stillwater, Minn.. 3.30
St. Croix Drawbridge to Stillw. Switch. 4 . 55

Hudson to Ellsworth, Wis 24.82

West Eau Claire to Shaw's Mills< Wia. 2.74

Merillan to Marshfleld Wis 38.67

Menomonie June, to Menomonie, Wis. 3.01
Menomonie June, to Cedar Falls, Wis. 2.01
Fairchild to Mondovi, Wis 37.00—328.67 m.

NORTHERN DIVISION.
North Wis. June, to Bayfleld, Wis.... 178. 24

Ashland June, to Ashland, Wis 4.33

Ashland Shore Line 1 .31

Ban Claire to Spooner, Wis 81 ,51

Superior Junc.,Wis., to Dulnth, Minn. 73.04—338.48 m.

ST. PAUL AND SIOTJX CITY DIVISION.

St. Paul, Minn, to Sioux City, fe 268.96

Minneapolis to Merriam June., Minn. . 27.00

Lake Crystal to Elmore, Minn 43.48

Heron Lake to Pipestone. Minn 55.10

Sioux Falls Jc.,Minn.,toMitchell,S.D. 130.73
Luverne, Minn., to Doon, la 28.00— 553.27 m.

NEBRASKA DIVISION.

Missouri River to Omaha, Neb 123.06

Sioux City Bridge Co.'s Track 3.90

S. C. Union Depot to Bridge Track. . . 0.50

Cobnrn to Newcastle, Neb 26 . 95

Emerson to Norfolk, Neb 46.50

Wakefleld to Hartington, Neb 33.76

Wayne to Bloomfield, Neb 43. 14—277.81 m.

Of the mileage as given, 25.20 m. of the Illinois Central RR. from Le Mars to Sioux City, 27 m. of the
Minneapolis and St. Louis RR., from Minneapolis to Merriam June.; 11.4 m. of the Great Northern Ry., from
East Minneapolis to St. Paul; 1.59 m. of the Northern Pacific Ry. (bridge) near Duluth; and 0.50 m. of the
Sioux City and Pacific RR., from Sioux City Union Depot to bridge track are leased or operated under traffic
contracts. Included in the main line are 5.20 m., from St. Paul to Mendota, which are owned jointly with
the Chicago, Milwaukee and St. Paul Ry. Co.

History. — Consolidation, June 1, 1880, of the Chicago, St. Paul and Minneapolis and the
North Wisconsin Ry. Cos., and subsequently purchased the St. Paul and Sioux City RR.
(See MANUAL for 1888, page 841.) In 1893 the Menomonie and the Sault Ste. Marie and
Southwestern Rys. were absorbed by consolidation. (See MANUAL for 1894, page 387.) On
Aug. 1, 1895, the Superior Short Line Ry. Co. was merged iuto this company and its 1st mtgo.
bonds for $1,500,000 taken in settlement for advances, etc. (See MANUAL for 1896, page 456.)

The company is controlled by the Chicago and Northwestern Ry. Co. through ownership
of stock.

Rolling Stock, Dec. 31, 1897.— Locomotives, 269. Cars— passenger (1st class, 76; 2d
class, 22), 98 ; chair, 3 ; parlor, 6 ; buffet, 1 ; combination, 25 ; baggage and express, 39 ;
mail, 10; mail and express, 20 ; freight (box, 6,231 ; flat, 1,134 ; refrigerator, 85 ; stock, 393;
charcoal, 32 ; gondola, 900 ; caboose, 127), 8,902 ; other, 63— total, 9,167.

Operations, year ending Dec. 31, 1897. — See tabulated statement on page 376.

Earnings- Passenger $1,639,359 06

Freight 6,522,428 24

Mail 213,643 99

Express 158,08676

Miscellaneous 119,275 29

Total ($5,798.57 per mile) $8,652,793 34

Expenses-Maintenance, Way and Struct.. $1,333,933 15

Maintenance of Equipment 771,864 83

Equipment Fund Charges 442,685 96

Conducting Transportation 2,655,405 44

Miscellaneous and Taxes 533,557 88

Total ($3,844.88 per mile) $5,737,446 71

Net earnings (83.69 p. c.), $2,915,346.63. Payments: Net interest on bonds, $1,411,470.09;
rentals, $114,625.54 ; dividends on preferred stock (Aug. 20, 1897, and Feb. 21, 1898, 3| p. c.

POOR'S MANUAL — CHICAGO AND NORTHWESTERN SYSTEM.

375

each), $787,976 ; on common stock (2 p. c. Feb. 21, 1898), $370,994— total, $2,685,065.63.
Surplus, $230,281 ; surplus forward, $2,456,265.10— total, $2,686,546.10.

The expense item " Equipment Fund Charges" consists of a charge of $242,685.96 to
equipment fund for replacements of cars and an appropriation of $200,000 made to equipment
fund for the completion of freight cars building in the company's shops.
General Balance Sheet, Dee. 31, 1897.

Construction and Equipment : $56,403,56923

General Assets and Property 6,688,55557

Materials and Fuel 445,102 98

Bills Receivable 129 16

Current Accounts. 290,699 21

Balance Land Grant Accounts 484,374 42

Cash on Hand 2,132,474 87

Total Assets $66,444,905 44

Capital Stock $34,050,126 62

Funded Debt 24,811,127 25

S. S. L. Ry. Co. B'ds (see history above) 1,500,000 00

Interest Due and Accrued 232,166 34

Dividends Payable Feb. 21, 1898 764,982 00

Taxes for 1897, Payable in 1898 239,886 01

Current Accounts 714,232 40

Equipment Funds 442,685 96

Railroad Income Account 2,686,546 10

Land Income Account 1,003,152 76

Total Liabilities .$66,444,905 44

Capital stock consists of $21,403,293.33 common stock and scrip and $12,646,833.29 pre-
ferred stock and scrip, these amounts including respectively $2,844,106.66 common stock and
scrip and $1,386,921.66 preferred stock and scrip owned by the company. Preferred stock
has prior right to dividends up to 7 p. c. per annum, non-cumulative, and is entitled to an
equal pro rata of any dividends in excess of 7 p. c. on the entire capital stock. Only two
dividends, of 2 p. c. each, have been paid on common stock ; the first on Feb. 20, 1897, and
the second on Feb. 21, 1898. On preferred stock the following dividends have been paid :

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

1881
1882

Jan.
April
July
Oct.
Jan.
April
July
Oct.

1

It

!}

1883
1884

Jan.
April
July
Oct.
Jan.
April
July
Oct.

H
U
If

11

H
it

H

1885

1886
1887
1888

Jan.
April
July
Jan.
July
Jan.
July
Jan.

H
H

9

3
3
3
3

1888
1889

1890
1891
1892

July
Jan.
July
Jan. 20
July 20
Jan. 20
July 20
Jan. 20

3

1
2
2
2
2
2
3

1892
1893

1894
1895
1896

July 20
Jan. 20
July 20
Jan. 30
July 20
Feb. 20
Aug. 20
Feb. 20

3*
3|
3i
3*
3*
3*
3*
3*

1896
1897

1898

Aug. 20
Feb. 20
Aug. 20
Feb. 21

3*
3*
3*
3J

Statement of funded debt, Dec. 81, 1897 :

CHARACTER op BONDS.

Date.

Mature.

INTEREST.

•

Amount
Out-
standing.

Rate
p.c.

Payable.

1st Mortgage Sold C., St. P. & M. Ry
1st Mortgage Currency, North Wisconsin Ry

May 9, 18T8
Jan. 1, 1880
July 1, 1878
July 1, 1879
Jan. 1, 1878
June 1, 1880
Nov. 1, 1890

May 1,1918
Jan. 1, 1930
July 1, 1908
Apr. 1, 1919
Jan. 1,1908
June 1, 1930
Nov. 1, 1915

6
6

8
6
7
6
5

May& Nov.
Jan. & July
Jan. & July
Apr. & Oct.
Jan. & July
June &Dec.
May & Nov.

$3,000,000 00
800,000 00
125,00000
6,070,000 00
334,800 00
14,006,327 25
400,000 00

1st Mortgage Currency, H. & R. F. RR

1st Mortgage Gold, St. P. & S. C. RR

1st Mortgage Currency, St. P., S. & T. F. RR
Con. Mtge. B'ds and Scrip Cy., C., St. P. M. & O. Ry.
1st Mortgage Currency, S. Ste. M. & S. W. Ry

Total . -

$24,736,127 25
75,000 00

Bonds Guaranteed : Minn. East. Ry. 1st Mtge. Cy
Grand Total ....

Jan. 1, 1879

Jan. 1, 1909

7

Jan. & July

$24,811,127 25

The Chicago, St. Paul and Minneapolis 1st mtge. bonds are secured on the line from Elroy, Wis., to
Lake St. Croix, \Vis., 177.62 m., including the bridge over the St. Croix Hiver, and are also a 2d mtge. upon
the West Wisconsin land grant, of which 127,713.71 acres remain unsold. The bonds are in coupon form, but
may be registered at the office of the company, 52 Wall St., New York. Bonds numbered 1 to 2,500 are for
$1,000 each; Nos. 2,501 to 3,500, $500 each. All are gold bonds. Trustee: Walter Edwards.

The North Wisconsin bonds are for $1,000 each, in coupon form, and are secured on the line from Lake
St. Croix to Chandler, 80 m., and upon a land grant, of which 126,665.72 acres remain unsold. Trustee:
Central Trust Co., New York.

The Hudson and River Falls bonds are in coupon form, for $1,000 each, and are secured on the line
I from Hudson to River Falls, Wis., 12.5 miles.

The St. Paul, Stillwater and Taylor's Falls 1st mtge. bonds are in coupon form, for $500 and $1,000
(each. They are secured on the line from St. Paul to Stillwater and Lake St. Croix, about 23 miles. The
$30,000 Depot bonds issued in 1873 by the same company were cancelled during the past fiscal year. They
I were all owned by the C., St. P., M. & O. Ry. Co. and had been kept alive until the mortgage securing them
should be discharged of record.

The St. Paul and Sioux City bonds are secured on 608 m. as follows: Line from St. Paul, Minn., to Le

376

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Mars, la., 246 m. ; Lake Crystal to Elmore, 44 m. ; H»ron Lake to Woodstock, 46 m. ; Worthington to Salem, 98
m. ; Luverne to Doon, 28 m. ; Coburn June, to Ponca, 26 m. ; Covington to Omaha, 115 m. ; South Stillwater to
Lake St. Croix, 5 miles. The bonds are for $1,000 gold each, in coupon form, with provision for registration
at the Central Trust Co., New York, N. Y. Principal payable at the Metropolitan National Bank, New York.
Trustee: Central Trust Co., New York, N. Y.

The consols are issued at the rate of $15,000 per mile, a sufficient amount being reserved to retire all
other issues. They are for $1,000 each, in coupon form, with provision for registration, and are secured on
the endue property of the company, subject to prior liens. Trustee: Central Trust Co., New York, N. Y.

Interest on bonds and dividends on stock payable at the office of the company in the city
of New York.

Operations, capital accounts, etc., for seven years :

1891

1892

1893

1894

1895

1896

1897

1,439.59

1,439.59

1,492.23

1,492.23

1,492.23

1,492.23

1 492 23

Average Miles Operated.
Miles of TracK.

1,433.76
1,854.58

1.439.59
1,877.51

1,485.37
1,885.87

1,492.23
1,898.44

1,492.23
1,909.80

1,492.23
1,923.35

1,492.23
1,927.73

Miles of Steel Rail

1,349.51

1,278.92

1,343.26

1,353.14

1,354.21

1,357.79

1,414.34

Locomotives

846

266

269

269

269

269

269

Passenger Care

115

136

135

136

133

133

133

Baggage, etc., Cars
Freight Cars ....

55
7,900

58

8,852

65

8,892

64

8,892

67

8,892

69

8,902

69

8,902

Passenger Train Miles . .
Freight Train Miles
Passengers Carried

1,864,245
3,340,486
1,635,543
77,858,044

1,943,822
3,691,329
1,892.017
84,811,379

1,916,489
3,536,887
1,738,656
86,021,354

1,734,655
3,126,063
1,505,540
67,219,226

1,776,140
2,972,741
1,544,387
69,425,274

1,790,375
3,365,522
1,522,529

71,277,738

1,839.348
3,470,307

1,478.094
66,776.371

Freight (tons) Moved. . .
Freight (ton) Miles

Passenger Earnings
Freight Earnings
Mail, Express, and Misc.

3,047,500
509,884,886

1,956,988
5,718,381
346,049

3,644,790
604,750,623

2,135,338
6,689,015
372,589

3,198,878
524,073,368
$
2,072,099
5,893,011
363,818

2,903,240
458,563,082
$
1,684,409
5,215,609
397,601

3,141,062
465,645,802

1,721,130
5,354,205
433,429

3,540,793
574,145,415
$
1,695,339
5,983,440
477,414

3,772,489
647,845.804
S
1,639.359
6,522,428
491,006

Total Gross Earn'gs.
Oper. Exp. and Taxes. . .

8,021,312
5,446,114

9,196,942
6,368,296

8,328,928
5,843,532

7,297,619
4,946,184

7,508,764
4,836,652

8,156,193
5,187,084

8,652,798
5,737,447

Net Traffic Earnings . . .
Rentals

2,575,198
89,022

2,823,646
92,673

2,485,396
141,720

2,851,435
109,137

2,672,112
113,048

3,019,159
113 946

2,915,346
114 625

Net Interest on Bonds. .
Dividends

1,346,827
(5) 562,840

1,346,783
(7) 787,976

1,378,599
(7) 787,976

1,412,300
(7) 787,976

1,422,830
(7) 787,976

1,405!353
(t) 1 158 958

1,411^470
1 158 970

Loss Proprietary Roads.

16,972

34,524

Balance, Snrplus

559 537

566 691

177 101

42022

348258

340 901

Gross Earnings p. Mile.
Gross Expenses p. Mile.
Net Earnmgsper Mile. .
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile.

5,594 60
3,798 49
1,796 11
67. 90 p. c.
2.51C.

6,38858
4,42368
1,96490
69. 24 p. C.
2.52 C.

5,60731
3,93406
1,67325
70. 16 p. c.
2.41 c.

4,890 41
3,314 63
1,57578
67. 78 p. c.
2.51 c.

5,031 91
8,24123
1,79068
64.41 p. c.
2.48c.

5,465 77
3,442 52
2,02325
62. 98 p. C.

2.38 c

5,798 57
3,84488
1,95369
66.31 p. C.
2 46 C

Av. Rate p. Ton p. Mile.
Common Stock

1.12c.

$

21,403,293

1.110.

21,403,293

1.12c.
$

21,403,293

1.14c.
$

21,403,293

1.15C.
$
21,403,293

1.04c.
S

21 403 293

l.Olc.

S

Preferred Stock

12,646,833

12,646,833

12,646,833

12,646,833

12,646.833

12'646'833

12 646 833

Funded Debt

23,773,556

24,089,846

24,766,127

24,766,127

* 26,266,127

* 26'266'l27

* 26 236 127

Bonds Guaranteed
Current Accounts
Profit and Loss

475,000
1,463,050
7,664,449

475,000
1,522,579
1,916,451

75,000
1,492,578
2,225,884

75,000
1,261,374
2,497,984

75,000
1,476,475
3,082,945

75,000
1,826,573
3 425 508

75,000
2,398,958'

3 689 699

Total Liabilities....

Construction & Equip ..
Advances, etc

67,426,181

58,941,367
1,600068

62,054,002

53,365,048
1 657 871

62,609,715

54,150,740
1 264090

62,660,611

54,222,526
1 425 837

64,950,678

55,722,391
174 200

65,643,334
56,163,008

66,444,905
56,40:i,569.

Stocks, Bonds, etc
Materials and Fuel
Bills Receivable

4,491,543
618,450
772

4,809,899
595,307

772

5,066,181
789,777
846

5,066,256
752,662
892

6,566,289
539,334
401

6,728,706
640,441
129

6,688,556
44r>,W3t
129

Due from Railroads, etc.

135,932

250,214

351,155

699,592

667,019

775,073i

Cash on Hand

1,773,981

1,489,173

1,OW,867

831,283

1,248,466

1,444,081

2,133,479

Total Assets

67,426,181

62.054,002

62,609,715

62,650,611

64,950,673

65,643,334

66,444,905

* Includes $1,500,000 of 1st mtge. 5 p. c. bonds of the Superior Short Line Ry. Co.
t 7 p. c. on preferred and 2 p. c. on common.

Land Department. — The company acquired a land grant aggregating 1,448,619 acres;
through the Chicago, St. Paul and Minneapolis, the North Wisconsin, and other lines, and
by transfer to it under an Act of the Legislature of Wisconsin, passed in Feb., 1882, of 453,-
000 acres originally granted to the Chicago, Portage and Superior RR. Co. The company
held, at the close of the year, land contracts and bills receivable for lands sold amountin * to .
$84,285.18. There were sold during the year 15,397.30 acres for $39,150.43, an average of
$2.54 an acre; town lot sales, $725.35. On Dec. 31, 1897, there remained undisposed of
from several grants 400,963.88 acres.

POORS MANUAL — CHICAGO AND NORTHWESTERN SYSTEM.

377

Board of Directors, C., St. P., M. & 0. Ry. Co., elected June 1, 1898.

Term expires June, 1899.

Term expires June, 1900

Marvin Hughitt Chicago, 111. Martin L. Sykes. . .New York, N. Y.

Byron L. Smith

Thomas Wilson St. Paul, Minn.

Chauncey M.Depew.New York, N.Y. John M. Whitman Chicago, 111.

David P. Kimball Boston, Mat's. John A. Humbird St. Paul, Minn.

Term expires June, 1901.
Cor. Vanderbilt. . .New York, N. Y-
Wm. K. Vanderbilt. "

Albert Keep Chicago, 111.

H. McK. Twombly.New York, N. Y.

Horace G. Burt Omaha, Neb.

Executive Committee. — Marvin Hughitt, Albert Keep, Chauncey M. Depew, Cornelius Vanderbilt, Wm.
K. Vanderbilt, M. L. Sykes, and David P. Kimball.

MARVIN HUGHITT, President Chicago, III.

M. L. Sykes, Vice- President & Asst. Secretary New York, N. Y.

Secretary— E. E. Woodman Hudson, Wis. I Comptroller— L. A. Robinson St. Paul, Minn.

General Manaaer-W&Her A. Scott St. Paul, Minn. | Treat*. <k2dAsst. Sec — S. O. Howe .. .New York, N. Y.

. Asst. Treas. & 3d Asst. Sec.—H. H. Williams . . . .New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Cor. Fourth and Rosabel Sts., St. Paul, Minn.

New York Office. . . 52 Wall St. | Chicago Office 22 Fifth Ave.

CHICAGO AND NORTHWESTERN SYSTEM.— FREMONT, ELKHORN AND

MISSOURI VALLEY RR.

Main Line of Road.— Omaha, Neb., to Dead wood, S. D 592.08 m.

Extensions and Branches (details below) 717.45 m. — 1,309.53 miles.

Trackage : 8. C. & P. ER., Arlington to Fremont, Neb. (inch in main line) 9.00 "

Sidings, etc., 128.36 miles. Gauge, 4 ft. 8£ in. Rail (1,253.46 m.), 56 Ibs.

Statement of mileage owned by the company, and operated by divisions :

BL>CK HILLS DIVISION.
Long Pine, Neb., to Deadwood, S. D ..342.69
Narrow-Gauge Line above Deadwood,

including Branches to Mines 17.84

Whitewood to Belle Fourche, S.D. ... 21.19
Buffalo Gap to Hot Springs, 8. D.... 14.12
Dakota June, to Casper, W . T 188.48—584.32 m.

SOUTH PLATTE DIVISION.

Omaha to Arlington, Neb 27.76

Fremontto Hastings, Neb 127.26

Linwood, Neb., to Kan. State Line. . . .124.14

Platte River to Lincoln, Neb 45.11

Omaha Stock Yards Line 10.36—334.63 m.

EASTERN DIVISION.

Fremont to Long Pine, Neb 213.63

Jc.n. Scribner toOakd. (via Albion). .113.91

Norfolk June, to Verdigre, Neb 54.04 — 381.58m. Total length of lines owned 1,300.53m.

History. — Chartered Jan. 20, 1869 ; road opened in Aug., 1871. The entire share capi-
tal and a majority of the consols, are owned by the Chicago and Northwestern Ry. Co. This
road and the Sioux City and Pacific RR. are operated independent of the C. & N. W. Ry.,
and are known as the Trans-Missouri River Lines. (See MANUAL for 1893.)

Rolling Stock, May 31, 1897. — Locomotives, 92. Cars — passenger, 35; chair, 6; com-
bination, 14; baggage, mail and express, 9; freight (box, 2,404; flat, 385; gondola, 250; ore,
66; stock, 690; refrigerator, 300; caboose, 54), 4,149; boarding, 8 ; officers', 1; ditching, 1;
pile-driving and wrecking, 3; rotary snow-plough, 1 — total, 4,227.

Operations, year ending May 31, 1897. — Train mileage not reported. Passengers carried,
322,787; carried one mile, 16,630,169; average mile rate, 2.79 cents. Tons freight moved,
907,029; moved one mile, 144,656,265; average ton-mile rate, 1.56 cents. Earnings — passen-
ger, $464,604.45 ; freight, $2,255,415.20 ; mail, express, and miscellaneous, $331,962.50—
total, $3,051,982.15. Operating expenses, $2,068,318.88 ; taxes, $189,824.20— total, $2,258,-
143.08. Net earnings (26.01 p. c.), $793,839.07. Payments : Interest on bonds and interest,
$1,007,401.48 ; rental, S. C. & P. RR., $13,540.32— total, $1,020,941.80. Deficit, $227,102.73;
surplus forward, $1,266,401.13; net surplus, $1,039,298.40.

Capital stock, bonded debt, gross and net revenue, etc., for eight fiscal years :

Interest Total • Balance,
Paid. Payments. Surplus.

$ $ $

930,178 943,723 100,533
990,412 61,202
1,031,477 72,871
1,030,669 120,568
1,028,308 65,545
1,025,029 d. 332,195
1,022,470 d. 128,799
1,020,942 d. 227,103

Yrs.

Stock.

1890.. 1,966,500
1891.. 1,966,500
1892.. 1,981,500
1893.. 1,981 ,500
1894.. 1,981 ,500
18%.. 1,981.500
1896.. 1,981,500
1897.. 1,981 ,500

Bonded Cost and RR. Gross Expenses Net

Debt. Investments. Operated. Earnings. & Taxes. Earnings.
S $ M. $ $ S

19,307,853 1,236.46 3,217,744 2,174,096 1,043,647

20,959,084

24,164,122

24,621,665

24,637,482

24,725,155

24,747,921

16,940,000
18,599,000
21,119,000
21,080,000
21,038,000
20,998.000
20,960,000
20,960.000

1,260.98
1,294.54
1,309.53
1,309.53
1,309.53
1,309.53
1,309.53

3,310,240
3,481,256
3,653,679
3,334,756
2,666,641
2,950,440
3,051,982

2,258,627
2,376,907
2,502,443
2,240,904
1,978.808
2,056,769
2,258,143

1,051,614
1,104,348
1,151,237
1,093,852
692.833
893,671
793,839

976,899
1,017,990
1,017,177
1,014,809
1,011,631
1,008,956
1,007,401

24,753,336

Financial Statement, May 31, 1897.— Capital stock, $1,981,500; funded debt, $20,960,000;

378 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

interest accruing, $77,250; interest unpaid, $5,070; due to C. & N. W. Ry. Co., $690,217.88;
profit and loss, $1,039,298.40— total, representing cost of road, etc., $24,753,336.28.
Funded debt (total, $20,960,000) consisted, May 31, 1897, of—

Consol. mtge. 6 p. c. 50-yr. currency bonds, due Oct. 1, 1933, interest April and Oct $7,725,000

Consol. mtge. 6 p. c. 50-yr. bonds (collateral security with trustee, see below) 10,675,000

Wyoming Central Ry. 1st mtge. bonds (collateral security with trustee, see below) 2,500.000

The consol. mtge. bonds are a first lien on the line from Fremont, Neb., to Deadwood, S. D., 557 m.,
with branches to Hastings, Albion, etc., 613 m. — a total of 1,170 miles. The $7,725,000 of these bonds shown
above are outstanding; the $10.675,000, and the $2,560,000 Wyoming Central bonds, were taken by the Chicago
and Northwestern Ry. Co. and deposited with the Union Trust Co., trustee, as collateral security for an
equal amount of Chicago and Northwestern 4 p. c. bonds, the proceeds of which were used for the construc-
tion of this road. The interest upon the 4s so issued is chargeable to, and reimbursed by, the Fremont,
Elkhorn and Missouri Valley RR. Co., in satisfaction of the interest upon the collateral bonds so deposited
in the trust. Principal and interest of bonds are guaranteed by the Chicago and Northwestern Ry. Co.., and
payable at the office of that company in New York.

Directors, (elected May 20, 1898).— Marvin Hughitt, Albert Keep, M. M. Kirkman, H. G.
Burt, J. B. Redfield, Chicago, 111.; M. L. Sykes, New York, N. Y.; David P. Kimball, Bos-
ton, Mass.

MARVIN HtreniTT, President Chicago, III.

Albert Keep, Vice-President " "

Treasurer— M. M. Kirkman «... Chicago, 111. | Secretary and Auditor— J. B.Redfleld Chicago, 111.

PRINCIPAL OFFICE AND ADDRESS Chicago, 111.

CHICAGO AND NORTHWESTERN SYSTEM.— SIOUX CITY AND PACIFIC

RAILROAD COMPANY.

Main Line of Road.— Missouri Valley, la., to Sioux City, la 75.65 m.

Fremont Branch : California Junction to Fremont, Neb 31.77 m. — 107.42 miles.

Sidings, etc., 30.77 miles. Gauge, 4 ft. 8£ in. Rail (steel, 102.55 m.), 56 and 60 Ibs.

History.— Chartered Aug. 1, 1864 ; road opened throughout Feb. 11, 1869. In 1884 the
Chicago and Northwestern Ry. Co. purchased all but a few shares of the common capital
stock of this company.

Rolling' Stock, May 31, 1897. — Locomotives, 12. Cars — passenger, 5; baggage, etc., 8;
combination, 5 ; officers', 1 ; freight (box, 290 ; stock, 20 ; flat, 46), 356 ; caboose, 12; other, 3
—total, 385.

Operations, year ending May 31, 1897. — Passengers carried, 173,212 ; carried one mile,
6,670,829; average mile rate, 2.55 cents. Tons moved, 349,881; moved one mile, 14,616,571;
average ton-mile rate, 1.21 cents. Earnings — passenger, $174,950.14 ; freight, $176,200.75;
express, $8,985.12; mail, $30,313.44; miscellaneous, $21,944.95— total, $412,304.40. Operat-
ing expenses and taxes (73.46 p. c.), $302,964.88. Net earnings, $109,429.52. Charges
against income: Interest on bonds, $97,680; on U. S. government lien, $97,699.20; guaranteed
on preferred stock (7 p. c.), $11,830— total (less $4,830.23 credit profit and loss), $202,378.97.
Deficit, $92,949.45; deficit forward, $1,758,591.37— total, $1,851,540.82.

Financial Statement, May 81, 1897. — Capital stock (common, $1,899,400; preferred,
$169,000), $2,068,400; funded debt, $3,256,320; accrued interest on government lien, $2,82S,-
944.69 ; interest unpaid and accrued, $42,616.50 ; dividends accrued, $1,971.66 ; accounts,
vouchers, and pay rolls, $56,183.48— total, $8,249,436.33. Contra : Construction, etc., $5,763,-
623.24 ; materials and fuel, $39,186.84 ; cash, $120,772.59 ; due by U. S. government, $431,-
664.20; sundry current dues, $43,648.64; profit and IOPS, $1,851,540.82— total, $8,249,436.33.

The funded debt consisted, May 31, 1897, of—

1st mtge. 30-yr. 6 p. c. $500 and $1,000 bonds, due Jan. 1, 1898, interest Jan. and July $1,628,000

U. S. Subsidy 2d mtge. 30-yr. 6 p. c. bonds, due 1898 and 1899, interesf Jan. and July 1,628,320

Guaranteed dividends of 7 p. c. per annum are paid semi-annual ly, April 1 and Oct. 1.
Interest on bonds payable at National Park Bank, New York.

Directors. — Marvin Hugbitt, Albert Keep, W. H. Stennett, Chicago, 111.; M. L. Sykos,
New York, N. Y.; D. P. Kimball, Boston, Mass.; J. M. Whitman, M. M. Kirkman, J. B.
Redfield, H. G. Burt, Chicago, I1J.

MARVIN HUGHITT, President Chicago, 111.

V.-P., Treas. & Compt.—tS. M. Kirkman. . .Chicago, 111. | Sec. <& Aud.—J. B. Redfield Chicago, 111.

PRINCIPAL OFFICE AND ADDRESS Chicago, 111.

V

POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY RR. CO. 379

CHICAGO, BURLINGTON AND QUINCY RAILROAD COMPANY.

(For map of this system see page 381.)

Main Line of Road. — Chicago, 111., via Pacific June., la., to Denver, Col. 1,025.41 miles.

Brandies and leased (proprietary) lines 4,627.21 "

Used jointly with other companies or leased for a fixed yearly rental 207.23

Railroads controlled through ownership of securities 1,320.27 "

Total length of lines operated in the system, June 30, 1897 7,180.12 miles.

3d track (C., B. & Q. lines, 297.37 in.; controlled lines, 25.97 m.), 323.34 m.; 3d track, 29.70
m. ; 4th track, 5.69 m.; sidings (on C., B. & Q. lines, aggregating 5,859.85 m. of 1st track),
1,202 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 to 75 Ibs.

The lines owned and leased by the C., B. & Q. RR. Co. are operated in two grand divis-
ions; those east of the Missouri River, aggregating 2,346.16 m., under the name of the C.,
B. & Q. RR., and those west of the Missouri River, and whose aggregate length is 3,513.68
m., under the name of the Burlington and Missouri River RR. in Nebraska. (See MANUAL
for 1897, p. 363.)

History. — Chartered Feb. 12, 1849, as the Aurora Branch RR. Co. ; name changed June
22, 1852, to Chicago and Aurora RR. Co., and Feb. 14, 1855, to Chicago, Burlington and
Qnincy RR. Co. The Chicago and Aurora RR. Co. owned the line extending from Turner
Junction by way of Aurora to Mendota, 111., about 59 miles. The line from Mendota to
Salesburg, 111., 80 miles, was built by the Central Military Tract RR. Co.; that from Gales-
burg to Quincy, 111., 100.05 miles, by the Northern Cross RR. Co., and the one from Peoria
to a point on the Mississippi River opposite Burlington, la., 88 miles, by or under the charter
:>f the Peoria and Oquawka RR. Co. The Central Military Tract RR. Co. was consolidated
with the C., B. & Q. RR. Co., on July 9, 1856. The name of the Peoria and Oquawka RR.
Co. was changed Feb. 21, 1861, to Logansport, Peoria and Burlington RR. Co. The road was
jold under foreclosure, Oct. 20, 1862 ; name changed to Peoria and Burlington RR. Co., March
7, 1864 ; consolidated with the C., B. & Q. RR. Co., June 24, 1864. The Northern Cross
RR. Co. was reorganized as the Quincy and Chicago RR. Co., Feb. 10, 1857 ; sold under fore-
;losure April 28, 1864 ; absorbed by the C., B. & Q. RR. Co., July 30, 1865.

Meanwhile, the C., B. & Q. RR. Co. had acquired the franchises and partly finished road
>f the Jacksonville and Savannah RR. Co. (completed from Yates City to Lewiston, III., in
862), and bad constructed the line from Aurora into the city of Chicago, about 30 miles,
vhich had been opened for traffic on May 20, 1864. At the close of the year 1865, therefore,
he company owned about 400 miles of railroad within the State of Illinois, the main line ex-
ending from Chicago by way of Aurora and Galesburg to the Mississippi River (with a river
ransfer connecting with Burlington, la.), and branches extending from Aurora to Turner
unction, from Galesburg to Quincy, from Galesburg to Peoria and from Yates City to Lewis-
on. (See MANUAL for 1888, page 379.)

In 1864 the company decided to aid the Burlington and Missouri River RR. Co. in com-

•leting its road westward, and made a contract with that company for interchange of traffic.

'he line extending from Burlington to East Plattsmouth, la., was opened throughout on

an. 1, 1870. (See MANUAL for 1888, page 380.) Previously, in 1868, the Mississippi River

ridge at Burlington had been completed; also the branch of the Burlington and Missouri

'.iver RR. from Red Oak to Hamburg, la. In connection with the latter, trackage rights

rere secured over the Kansas City, St. Joseph and Council Bluffs RR. from Hamburg, la.,

) East Nebraska City, Mo. Subsequently the B. & M. R. RR. Co. constructed 1.57 miles of

Ijne in Council Bluffs, la., to a connection with the Union Pacific Transfer, and secured

•ackage rights over the Kansas City, St. Joseph and Council Bluffs RR., from Pacific Junc-

on, la., to the line thus constructed, a distance of 16.52 miles, thereby completing a connec-

on between the C., B. & Q. RR. and the Union Pacific Ry. Also, a branch was built by the

I reston Br. of the B. & M. R. RR. Co. from Creston to Hopkins, la., 44.61 miles, and one from

hariton to Leon, la., 36.72 miles, was built by an affiliated corporation, the Burlington and

'•uri RR. Co. Under date of Dec. 31, 1872, the C., B. & Q. RR. Co. took a perpetual

of these lines, this step being preliminary to an absolute consolidation, which was com-

<"<jd July 31, 1875. In consequence of matters connected with the land grant of the B. &

380

POOR'S MANUAL OF RAILROADS— EAILEOAD "SYSTEMS."

M. R. RR. Co., and for other reasons, the organization of that company was continued, and
for that reason the capital stock was not extinguished but was deposited in trust by the C.,
B. & Q. RR. Co.

On July 20, 1880, the C., B. & Q. RR. Co. consolidated with the Burlington and Missouri
River RR. Co. in Nebraska, owning a railroad from Pacific Junction, la., to Kearney, Neb.,
195.29 miles, and on March 1, 1882 with the Republican Valley RR. Co., whose line was
completed from Hastings to Culbertson, Neb., 170.39m.; York to Aurora, Neb., 21.68m.;
Aurora to Central City, Neb., 19.63 m. ; Amboy to Table Rock, Neb., 142.94 m., and Beatrice
to Wymore, Neb., 11.87 m. — total, 366.51 miles. (For terms of consolidation see MANUAL for
1880, page 924.) Subsequent to the consolidation the Republican Valley RR. was extended
from Hasting to Aurora and from Culbertson to the Colorado State line, from whence a sub-
sidiary corporation, the Burlington and Colorado RR. Co., carried the work on to Denver,
Col., to which point the through line was opened on May 29, 1882. A statement showing the
progress of construction on these and other lines of the C., B. & Q. RR. system was published
in the MANUAL for 1888, page 382.

The following statement shows the lines owned absolutely by the C., B. & Q. RR. Co.,
on June 30, 1897 :

NAME OF ORIGINAL COMPANY.

Termini.

Length.

When and How Acquired by
C., B. & Q. RR. Co.

Chic., Bnrl'g'n & Qnincy RR. Co.
Chicago & Aurora RR. Co

Chicago to Aurora, III

M.

30.00
46.89
79.78
47.60
100.05
52.77
30.1!?

12.35

276.86
39.17
1.57
42.75
36.72
195.29
267.16
142.84
11.87
65.20
17.60
41.31
18.51

Bnilt by C.,-B. & O.; op. May20, 1864.
Name changed Feb. 14, 1855.
Consolidation, July 9, 1856.
Consolidation, June 26, 1864.
Consolidation, July 30, 1865.
Consolidation, June 26, 1864.
Road comp. by C., B. & O. ; op. in 1862.
1 Name changed to C. & A. RR. Co.,
| June 22, 1852.

^Consolidation, July 31, 1875.

Consolidation. July 31, 1875.
Consolidation, July 26, 1880.

[Consolidation agreed upon in 1880.
but not completed until March l,
1882.

J

Aurora to Mendota, 111
Mendof a to Galesburg, 111 ... .

Central Military Track RR. Co. . .
Peoria & Oquawka RR. Co

Galesburg to Burlington, 111
Galesburg to Qnincy, 111
Galesburg to Peoria, 111

Northern Cross RR. Co
Peoria <fc Oquawka RR. Co

Jacksonville & Savannah RR. Co.
Aurora Branch RR. Co

Yates City to Lewiston, III. . .
Aurora to Turner Junction, 111 .

Burlington to Pacific June., la.
Red Oak to Hamburg, la ,
Main track inConncnsBlufEgJa.
Creston, la., to Hopkins, Mo. . .
Charton to Leon, la

Burlington & Mo. River RR. Co -|

Creston Br. of B. & M. R. RR. Co.
Burlington & Missouri RR. Co
Burl. & Me. Riv. RR. Co. in Neb.

Republican Valley.RR. Co \

I
Total, Lines Owned

Pacific Jc., la., to Kearney, Neb.
Aurora, Neb., to Col. State Line.
Amboy to Table Rock, Neb
Beatrice to Wymore, Neb
Nemaha to Beatrice, Neb
Nemaha to Salem, Neb

York to Central City, Neb
Aurora to Grand Island, Neb. . .

1,556.42

The following statement shows the amounts of capital stock outstanding of the com-
panies controlled by the C., B. & Q. RR. Co. The aggregate length of these lines is included
in the general statement of mileage on page 379, and their operations are in the statement on
page 383. (See also pages 388 to 391.)

NAME OF ROAD.

Par

Value.

Total
Issued.

Owned
by
C., B. & Q.

Owned
by
Others.

Standard Gauge:
Hannibal & St. Joseph RR. Co., Common

$
100

$

9 168 700

9 162 400

63110

Hannibal & St. Joseph RR. Co., Preferred

100

5083000

5082 500

5m)

Kansas City, St. Joseph & Council Bluffs RR. Co. . .

100

5 263 200

5*263 200

Tarkio Valley RR. Co...

100

391,000

391 000

****** *

Nodaway Valley RR. Co

100

354 000

354 000

St. Loui«. Keokuk & Northwestern RR. Co

100

5,443800

5443800

Chicago, Bnrline^on & Northern RR. Co

100

9,853,000

9,840,000

13 OX)

Chicago, Burlington & Kansas City Ry. Co

100

8,000,000

8,000,000

Total, Standard Gauge

43,556,700

43,536,900

19.800

Narrow Gauge Roads. . . .

100

1 651 495

1 641 695

9 800

Narrow Gauge Roads

25

369,825

361,800

8,025

In 1868 the company began to acquire control of numerous branch lines by advancing
the means for constructing them and in some cases by purchasing them at foreclosure salt s.

381

382

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

These lines are nominally leased but really owned by the C., B. & Q. RR. Co. and are wholly in-
corporated into its system. The following statement shows the order in which they were
added to the system and the terms under which they are controlled.

NAMES OF ROADS.

Termini.

Length.

Date
Opened.

How Controlled by
C., B. & Q. RR. Co.

American Central Ry
Peoria & Hannibal RR

Galva to New Boston, 111
Lewiston to RushviDe, 111 —
Keokuk to Burlington, la
Bnda to Elmwood, 111

M.

50.63
32.66
42.33
44.51
30.41
39.79
6.25
67.25
65.35
32.92

227.54 [
40.44 \
17.13 [

47.98

57.72
46.22
35.02
18.04
27.50
33.16
21.12
35.00
15.79
15.89
16.84
30.09
135.74
2.12
144.95

3.42

73.49
19.54

48.09

174.89
298.32
60.67
45.19
26.53
71.04
20.33
78.23
401.52
59.86
46.54
13.34
31.91
80.78
12.22
5.86
62.94
54.02
40.38
59.61
74.18

j- 144.58

29.01
58.76
3.00
32.67
49.17
78.44
23.50

229.59

7.00
101.74
95.45

April 25, 1869
July 18, 1869
Oct. 27, 1869
Feb. 1, 1870
Jan. 16,1870
Dec. 25, 1870
Jan. 15, 1871
May 1, 1871
July 23, 1872
Nov. 17, 1875
Nov. 21, 1870;
ext.5.71m.in
1876, and 6.59
m. in 1879.

Oct. 15,1872

Sept, 20, 1880
Oct. 1, 1881
Jan. 10, 1880
Jan. 17, 1880
May 6, 1879
Feb. 23, 1879
Dec. 2, 1878
Oct. 19, 1879
Oct. 6, 1880
July 10, 1882
1870
1871
1877 and 1879
Ang. 12, 1888
1872

Oct. 1, 1887

1880
Nov. 27, 1882

Nov. 4, 1878

May 29, 1882
Aug. 7, 1887
Aug. 4, 1884
Dec. 6, 1886
Aug. 4, 1886
Aug. 25, 1884
Aug. 5, 1885
Oct. 12, 1885
Nov. 18, 1889
Nov. 1, 1890
Jan. 28, 1891
July 3,1891
Dec. 11, 1893
Oct. 24, 1887
Oct. 31,1886
1882
May 7, 1888
Oct. 31,1887
Dec. 15, 1887
Oct. 9, 1887
July 8, 1888

Dec. 11, 1887

Dec. 11, 1887
June 1,1888

Lease for 999 years.
Perpetual lease.
Leased in perpetuity.
Lease for 99 years.
Lease for 99 years.
Perpetual lease.
Lease for 999 years.
Perpetual lease.
Perpetual lease.
Perpetual lease.

(Leased Oct. 1, 1876, for
term of charter and re-
newals thereof.

j Leased in perpetuity, Oct.
1 8, 1883.

Leased for term of charter
and renewals thereof.

\ Gauge changed to standard
< and road leased May 1,
1 1885, to C., B. & Q.

! Leased for term of charter
{ and renewals thereof.

j

(Conveyed to C., B. & Q.
by two deeds; one dated
Feb. 23, 1897 and the
other Dec. 31, 1897.

) Leased for term of charter
) and renewals thereof.
Leas. Oct., 1887, in perp't'ty.

Leased for term of charter
and renewals thereof.

j Purch. by C., B. «fc Q. in
I 1882; leased Jan. l,18f 2.

1 Leased for term of charter
i and renewals thereof.
)• On Dec. 31, 1897, these
lines were deeded to t ae
C., B. <fe Q. RR. Co.

Perpet. lease, March 30, 1896.

Keokuk <fc St Paul RR.

Dixon, Peoria & Hannibal RR. .
Carthage & Burlington RR
Quincy & Warsaw RR

Carthase, 111., to Bnrrgton, la.
Carthage to Qnincy, 111
Arpee to Keithsburg, 111
Geneva to Streator, 111

Dixon & Quincy RR

Ot'wa^'w^go&FoxRiv.Vy.RR.
Illinois Grand Trunk Ry

Mendota to E. Clinton, 111. ...
Albia to Knoxville, la

Albia, Knoxv. & DesMoines RR.
St. Louis, Rock I'd <fc Chic. RR. J

Chicago & Rock River RR.

R'k I'd via B'stow to Wann,IH.
Barstow to Sterling June., 111.
Gladstone to Keithsbnrg, 111 . .

Shabbona to Sterling, 111

Leon, Mt. Ayr & S W. Ry -I

Des Moines & Knorville Ry —
Red Oak &r Atlantic Rr

Leon to Grant City, Mo...

Bethany Jc. to Albany, Mo. . .
Des Moines to Knoxville, la. .
Red Oak to Griswold, la
Creeton to Fontanelle, la
Churiton to Indianola, la
Hastings to Sidney, la

Creston & Northern RR.

Chariton,Des M. & Southern RR.
Neb. Cy., Sidney & N. E. RR. . .
Brownville & Nodaway Vy. RR.
Hastings & Avoca RR

Villisca to Burlington Jc.,Mo.
Hastings to Carson, la

Clar'da, Col'ge 8pgs.& S. W. RR.
Omaha & Southwestern RR. . -J

Nebraska Ry j

Clarinda to Northboro, la —
Omaha to Oreapolis, Neb
Crete to Beatrice, Neb

Nemaha to York, Neb

Atchison & Nebraska RR -|
Lincoln <fc Northwestern

Neb. Cy. Bridge Line
Atchison, Kan., to Li'c'ln.Neb.
Rnlo, Neb., to Jc. St. J. & \
Neb. RR j

Lincoln to Columbus, Neb
Sheridan to Paw Paw, III

Albany to St. Joseph, Mo

Wray, Col. Line, to Denver. . .
DeWitt to Col. State Line. . . .
Kenesaw to Oxford, Neb
Fairm't via St'n to Ch'ter.Neb.
Edgar to Superior, Neb

Joliet, Rockford & North'n RR.
St. Joseph & Des Moines RR. .
Burlington & Colorado RR

Nebraska & Colorado RR. . .. J
Chicago, Neb. & Kan. RR

Odell Jc. to Concordia, Neb..
Fontanelle to Cumberland, la.
Repub., Neb., to Ob'lin, Kan.
Gr. I'd, Neb., to Wyo. St. Line
Edgemont to Hill City, S. D. . .
Edgemont to Deadwood, S. D.
Minnekahta to Hot Spgs., S.D.
Englewood to Spearfish, S. D.
Omaha to Schnyler, Neb
Galesbnrg to Rio, 111.

Western Iowa RR

Repub. Vy., Kan. & SW. RR. . .
Grand Isl'd & Wyo. Cent. RR. -

Omaha <fc North Platte RR
Galesburg <fc Rio RR

St. Joseph it- Nebraska RR
Lincoln & Black Hills RR. . . . -|
Oxford & Kansas RR. ."

Napier, Mo. , to Rulo Edge. Jc.
Central City to Ericson, Neb.
Palmer to Arcadia, Neb

Greeley to Bnrwell, Neb
Orleans, Neb., to Kansas Line.
Neb. Line to St. Francis, Kan.
Neb. Line (ic. N. & C. RR.) to
Wyom. Line (jc. C. & B. RR.
Col. Line to Cheyenne, Wyom.
Streator to Walnut, 111

Beaver Vy. RR

Colorado & Wyoming RR j

Cheyenne & Burlington RR. . .
111. Valley & Northern RR

Denver, Utah & Pacific RR. . . j

Repub. Vy. & Wyoming RR. . .
Chicago & Iowa RR . .

Denver to Utah Jc. Col

Burns Jc. to Lyons, Col
Culbertson to Imp'r'l, Neb
Aurora to Forreston, 111
Flagg Center to Rockford, 111.
S. D. Line (jc. G. I. & W. C. )
RR.) to Mont. Line (jc. B. t
H. S.RR i

Aiig! 15*,' i892
May, 1872
Aug., 1875

Ang. 6, 1894

Dec. 1, 1889
Oct. 28,1894
Nov. 18, 1882

Chic., Rockford & Northern Ry.
Grand lu'd & No. Wyom. RR. \

Big Horn Southern RR... -j

Newcastle to Cambria, Wyom.
Wyom. Line to Huntley, 1
Mont. (Jc. N. PjRR.).... f
Van Wert to Shenandoah, la. .

Hnmeston <fe Shenandoah RR..
Total, Br. and Leased Lines .

4,096.20

POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY RR. CO. 383

Since the close of the fiscal year the Grand Island and Wyoming Central RR., Grand
Island and Northern Wyoming RR. and Big Horn Southern RR., whose combined length as
shown in the preceding statement equals 732.85 m., have been merged into the C., B. & Q.
RR., increasing the length of lines owned absolutely to 2,289.27 m. and reducing the length
of branches and leased lines to 3,363.35 miles.

In the following statement are shown the lines and parts of lines leased and operated
jointly with other companies or for which a fixed yearly rental is paid.

NAME OF RAILROAD.

Termini.

a
tt

g

Remarks.

Qnincy to East Louisiana, 111

Miles.
42.36 \

Opened Dec. 22, 1871. Leased in per-

Qnincy, Alt. & St. L. RR. |

Operated Jointly :
Wabash RR

Falls Creek to East Hannibal, 111. .
E. Hannibal, 111., to Hannibal, Mo.

4.00 '|
1.351

petuity, Feb. 1, 1876, to the C., B. &
Q. RR. Co.; rental, $42,000 per an.

Used in connection with

Chicago & Alton RR.

E Louisiana 111 , to Louisiana, Mo

20? f

Q A & St L RR

Pennsylvania Co

At Chicago, 111 '..

1.22

C., B. <fc Q. Main Line

Chicago & Northwest'n Ry

At Clinton, la., and 111

1 06

Illinois Grand Trunk Ry

Quincy Bridge Co

At Qnincy, 111

0.22

Quincy & Warsaw RR

C., C., C. & St L

Alton to East St Louis, 111

22301

St. Clair, Mad. & St. L. Belt.
St. L., Keoknk & Nor. RR.

Alt. to conn. St. L., K. & N.W., Mo.
Conn, as above to St. Louis

2.751
16.81 1

St. L., R. I. & C. RR.

St. L. Merch Br Term Ry

At St Louis, Mo

3.88 J

Keokuk & Western RR

Van Wert to Hnmeston. la

17.08

Humeston & Shen. RR

K. C., St. J. &C. B. RR..

Pacific June, to Council Bluffs, la.

16.52

B. & Mo. River RR., Main Line.

Hamb'g, la., to Neb. Cy. Jet.. Neb.
Neb.Cy.Br.Conn..Ia.,toN.Cy.,Neb.
At Northboro, la. ...

6.97
3.65
1.93

B. & Mo. River RR.
Nebraska Ry.
C., C. S. & 8. W. RR.

Napier to St. Joseph, Mo

37.28

St. Joseph & Nebraska RR.

U. P., Denver & Gulf Ry. . .
Northern Pacific Ry

Utah Jnnc. to Burns June., Col
Huntley to Billings, Mont

11.30
1262

D., W. &. Pacific RR.
Bis: Horn Southern RR

Other Trackage

1.86

Creston Br. B. & M. R. RR.

Total . .

20723

,

Rolling Stock, C., B. & Q. RR., June 30, 1897.— Locomotives, 891. Cars— passenger, 471;
combination, 96 ; dining, 10 ; parlor, 2 ; baggage, mail and express, 173 ; freight (box, 19,-
181 ; stock, 5,370; coal, 4,778 ; flat, 2,149; refrigerator, 436; other, 12), 31,926— total revenue
cars, 32,678. Also 404 caboose, 10 officers' and pay, 2 gravel, 11 derrick and 17 others ; a total
of 444 service cars.

Operations, 6 months ending June 30, 1897 (entire system). — See tabulated statement
on page 384.

Earnings— Passenger $3,282,281 29

Freight 1 1,555,699 82

Mail, Express and Other 2,103,866 98

Total ($2,359.55 per mile) $16,941,848 09

Expenses— Roadways and Buildings .....
Rolling Stock

Details
not

Transportation, etc furnished.

Total ($1,485. 10 per mile) $10,663,15363

Net earnings (37 06 p. c.), $6,278,694.46; add other income and interest, $154,539.80;
net receipts of land departments, B. & M. R. RR. in Neb. and H. & St. J. RR., $21,368.28—
total, $6,454,602.54. Payments : Interest on bonds, $4,128,872.50 ; rent of tracks and depots,
$213,147.36 ; transfers to sinking funds, $396,856.34 ; dividends (March 15 and June 15, 1897,
1 p. c. each), $1,640,056 ; taxes, $1,116,269.82— total, $7,495,202.02. Deficit for six months,
$1,040,599.48.

Income Account, C., B. & Q. RR. Co. June 30, 1897.

Balance, Dec. 31, 1896 $11,511,39240

Gross Earnings $12,653,695 96

Operating Expenses 7,774,237 85— 4,879,458 11

Interest on Securities, Controlled Roads. 351,762 55

Dividends on Stock, Controlled Roads. . . 336,884 80

Other Interest and Income 179,795 02

Net Rec'ts, B.&M.R.RR. inNeb. L'dGrant 19,976 14

Rent of Tracks and Depots $107,611 85

State, County, and City Taxes 1,036,711 13

Int. on Bonds, C., B. & Q. RR., and Brs. 3,367,127-50

Cash Paid to Sinking Funds 396,856 34

Dividends (2 p. c.) 1,640,056 00

Balance, June 30, 1897 10,730,90fr 20

Total $17,279,260 02 Total $17,279,269 02

During its existence the company has paid (to June 30, 1897) a' total of 111 regular cash
dividends, aggregating 300^ p. c., or $106,187,608, besides which the following distributions
of stock have been made : Nov. 15, 1862, $946,900 ; May, 1864, $745,600; Oct. 31, 1865, $1,-

884

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

675,300; Sept. 15, 1867, $2,079,800 ; March 15, 1869, $1,254,390— total stock dividends, $6,-
701,990.

Statement of operations, income and capital accounts, etc., for seven years :

1891
Dec. 31.

1892

Dec. 31.

1893

Dec. 31.

1894
Dec. 31.

1895
Dec. 31.

1896
Dec. 31.

1897

June 30.
6 mos.

Miles of Road, Dec. 31 . .
Average Miles Operated.
Locomotives

5,334.69
5,284.77
750
386
145
27,929
2,948
289.343,493
1,804,977,505
$
6,729,809
18,369,821
2,816,497

5,556.21
5,461.02
862
503
160
30,654
3,008
325,611,118
2,345,442,151
$
7,233,143
22,768,007
3,011,244

5,595.71
5,561.47
875
565
174
30,654
3,114
409,529,533
2,099,080,071
$
8,419,079
19,689,495
2,934,395

5,730.54
5,625.99
875
565
174
30,654
3,115
255,565,171
1,770,40->,607
9
5,595.573
16,135,699
2,935,8fiO

5,730.54
5,730.54
875
565
174
30,654
3,115
258,216,240
1,822.040,436

s

5,655,589
16,135,166
3,083,437

7,180.12
7,180.12
1,137
681
236
39,553
561
324,553,945
2,577,655,320

7,452,301
22,423,211
4,300,944

7,180.12
7,180.12
1,137
681
236
39,553
561

Passenger Cars .

Baggage, etc., Cars
Freight Cars

Other Cars

Passengers One Mile . . .
Tons Freight One Mile.

Passenger Earnings
Freight Earnings

$

3,282,281
11,555,700
2,103,867

Other Earnings

Gross Traffic Earnings. .
Expenses and Taxes. . . .

Net Traffic Earnings
Other Rec't, Lands, etc.

Available Revenue. .

Payments : Int on B'ds.
Rent of Tracks, etc. . .
Sinking Fund

27,916,127
18,549,257

33,002,394
22,469,011

31,042,970
21,224,504

24,667.132
16,284,066

24,874. lifci
16,710,539

34,176,456
22,660,471

16,941,848
11,779,423

9,366,870
1,528,475

10,533,383
1,470,390

9,818,466
1,879,516

8,383.066
2,012,378

8,163,653
1,956,635

11,515,985
390,323

5,162,425
175,908

10,895,345

5,817,266
230,281
764.829
(41)3,246,685
+ 836,->74

5,282 14
3,50979
1,772 35
66.45 p. c.

76,394,905
109,711,200
4,720,281
4,566,966
6,637,623
12,084,705
9,000,000
19,348,659

12,003,772

6,113,738
314,573
765,186
(5)3,819,922
+ 990,353

6,04329
4,114 45
1,92884
68.08 p. c.
$
76,408,500
117,243,350
6,720,281
4,415,650
6,672,733
13,075,058
9,000,000
20,916,484

11,697,981

6,538,911
310,260
765,090
(5)3,960,252
+ 123,467

5,58226
3,816 67
1,765 59
68.37 p. C.

82,004,200
118,742,900
3,819,000
4,199,072
14,715,461
13,198.525
9,000,000
12,932,855

10,395,444

6,492,429
264,971
773,387
(4J)3,895,128
— 1,030,470

4,38449
2,89443
1,49006
66.02 p. c.
$
82,004,200
131,721,400
3,819,000
4,141,071
14,458.395
12,168,055
9,000,000
14,156,981

10,120,288

6,572,627
229,860
760,243
(4)3,230,108
-*732,550

4,341 05
2,91634
1,424 71
67.18 p. C.
$
82,004,200
123,333,900
3,819,000
4,764,702
14,688,278
11,935,693
9.000,000
14,915,412

11,906,308

8,252,778
409,275
777,785
(4) 3,280,111
- 813,641

4,731 26
3,131 83
1,599 43
66. 30 p. c.

82,004,200
126,028.909
2,801,000
4,244,783
14,154,419
11,511,392
9,000,000
16,171,350

5,338,333

4,128,873
213,147
396,856
(2)1,640,056
- 1,040,599

2,35955
1,64056
71899
69.58 p. c.

82,004,200
126,233,900
2,801,000
4,045,298
13,921,731
10,730,906
9,000,000
16,618,811

Dividends

Balance for Yr. ( +• or -)

Gross Earnings p. Mile.
Gross Expenses p. Mile .
Net Earnings per Mile . .
Expenses to Earnings. . .

Capital Stock

Funded Debt...

Cont. Liabilit.'s (Br. Li's)
Bills. Ac'ts & Sund. Bal.
Profit and Loss

Income Account

Renewal Fund

Sinking Funds

Total Liabilities ....

Construction and Equip.
Construction Branches . .
Materials on Hand
•Sundry Trusts

242,354,342

113,809,309
74,008,166
1,000,353
14,577,407
33,961,806
3,180,537
2,816,764

254,452,056

117,240,337
80,291,001
1,356,992
15,257,732
33,314,437
3,681,192
3,310,365

258,612,013

118,%7;975
82,082.050
1,529,713
8,444,542
37,647.680
5,428,274
4,511,779

261,469,102

118,638,307
84,042,379
1,292,711
9,169,632
39,135,970
5,466,197
3,723,906

264,461,185

118,856,412
84,422, 185
1,765,545
9,554,819
39,819.318
5,749,549
4,294,278

265,916,044

j- 205,670,432

1,333,811
10,288,813
38,479.644
6,628,092
3,515,252

265,355,846

205,734,513

1,312,341
10,442,354
38,945,593
6,128.288
2,792,757

Investments, Cost
Current Assets

Cash in Treasury, etc. . .
Total Assets

242,354,342

254,452,056

258,612,013

261,469,102

264,461,185

265,916,044

265,355,846

• Exclusive of $490,188.40, extra dividend on the stock of the Hannibal and St. Joseph RR. Co.

NOTE.— The earnings and expenses of all roads owned or controlled by the C., B. & Q. RR. Co. are in-
cluded above in 1896 and 1897; but the tons and passengers carried one mile do not include those of the
narrow gauge roads, for which no such statistics are kept. For the years previous to 1896 the mileage of
railroads, equipment, operations, etc., of the C., B. & Q. RR. and branches only are given.

Income Supplementary Comparative Statement for 10 months ending April 30, 1898 and
1897:

1898

1897

1898

1897

Earnings —
Passenger

$
6,772,876 16
25,887,721 84
3,395,017 27

$
6,035,391 10
20,114,13897
3,548,461 32

21,482,47963
8,900,000 00

S

17,165,744 38
8,762,018 80

Freight

Other

Total

Total

30,382,479 63
5,673,135 64

25,927,763 IS
3,770,228 21

36,055,615 27

29,697,991 39

POOR'S MANUAL— CHICAGO, BURLINGTON AND QUINCY RR. CO. 385

Statement showing the dates and rates of all dividends paid by the C., B. & Q. RR. Co.,
to and including that of June 15, 1898:

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

I

1855'June 30

*5

1867

Sept. 15

5

1876

Sept. 15

5

1882

Sept. 15

2

1887

Dec. 15

2

1893

June 15

H

Dec. 31

*10

Sept. 15

*20

1877

Mar. 15

5

Dec. 15

2

1888

Mar. 15

2

Sept. 15

U

Dec. 31

5

1868

Mar. 15

5

Sept. 15

4

1883

Mar. 15

2

June 15

1

Dec. 15

1J

1856

June 30

5

Sept. 15

5

1878

Mar. 15

4

Jnne 15

2

Sept. 15

1

1894

Mar. 15

ll

Dec. 31

5

1869

Mar. 15

5

Sept. 15

4

Sept. 15

2

Dec. 15

1

June 15

li

Dec. 31

*10

Mar. 15

MO

1879

Mar. 15

4

Dec. 15

2

1889

Mar. 15

1

Sept. 15

lj

1857

Aug. 1

5

Aug. 15

5

Sept. 15

4

1884

Mar. 15

2

June 15

1

Dec. 15

2

1860'Nov. 15

5

1870

Feb. 15

5

Dec. 15

2

June 15

2

Sept. 15

1

1895

Mar. 15

1

1862 Nov. 15

34

Aug. 15

5

1880

Mar. 15

2

Sept. 15

2

Dec. 15

1

June 15

1

1863 'May 15

3*

1871

Feb. 15

5

May 3

u

Dec. 15

2

1890

Mar. 15

H

Sept. 15

1

May 15

•16*

Aug. 15

5

May 3

*20

1885

Mar. 15

2

June 15

H

Dec. 15

1

Nov. 15

3

1872

Feb. 15

5

June 15

2

June 15

2

Sept. 15

If

1896

Mar. 15j 1

1864 May 25

4

Sept. 16

5

Sept. 15

2

Sept. 15

2

Dec. 15

l|

June 15

1

May 25

*11

1873

Jan. 1

t25

Dec. 15

2

Dec. 15

2

1891

Mar. 15

1

Sept. 15

1

Nov. 15

6

Mar. 15

5

1881

Jan. 1

*66§

1886

Mar. 15

2

Jnne 15

l

Dec. 15

1865

May 15

5

Sept. 15

5

Mar. 15

2

Jnne 15

2

Sept. 15

1

1897

Mar. 15

Oct. 31

•20

1874

Mar. 15

5

June 15

2

ISept. 15

2

Dec. 15

u

lune 15

Nov. 15

5

Sept. 15

5

Sept. 15

2

Dec. 15

2

1892

Mar. 15

Is

Sept. 15

1866

May 15

5

1875

Mar. 15

5

Dec. 15

2

1887

Mar. 15

2

Jnne 15

I

Dec. 15

Nov. 1

5

Sept. 15

5

1882

Mar. 15

2

June 15

2

Sept. 15

1;

1898

Mar. 15

ii

1867

May 15

5

1876

Mar. 15

5

Jane 15

2

Sept. 15

2

1893

Mar. 15

l|

June 15

H

* Stock dividends.

j Paid in bonds.

General Balance Sheet, June 30, 1897.

Debit.

Capital Stock. , , ....... •,...,•,,, ....................................

Funded Debt Outstanding— see bond statement appended ____

Contingent Liabilities for Branch Roads :

Ottawa, Oswego and Fox River Valley RR. 8 p. c. Bonds, payable July 1, 1900. . $1 076 000 00
Atchison and Nebraska RR 7 p. c. Bonds, payable March 1, 1908 ........... 1 125 000 00

Lincola and Northw'n RR. Sinking Fund 7 p. c. Bonds, payable Jan. 1, 1910 600 000 00—

Coup. Interest unpaid (including $1,613,200 due July 1, 1897) ..................... 1 736*364 50

Unpaid Vouchers and Pay Rolls ............................................ ..... l'l07'o95 68

Sundry Current Accounts ........................................... '.!'.'..... '. 1*201 '837 68 _

Profit and Loss ......................................................... .......................

Renewal Fund .................................................................................

Income Account. , .............................................................................

Sinking Funds, showing the total of payments to and accretions of Sinking Funds for—

C., B. & O. 5 p. c. Bonds of 1901 ................................................ $1,751,540 93

C., B. & Q. 4 and 5 p. c. Bonds of 1919 (Iowa Division) ......................... 3,261,727 04

. 4 p. c. Bonds of 1921 ............................................... 927,090 44

. 4 p. c. Bonds of 1922 (Denver Extension) ................. . ......... 1,710,420 30

$82,004,200 00
126,233,900 00

2,801,000 00

4,045,297 86
13,921,730 59

9,000,000 00
10,730,906 20

C., B. &
C., B. &
C., B. &
B. &M.

. 4 p. c. Bonds of 1927 (Nebraska Extension) ......................... 2,738,691 36

. RR. in

Nebraska 6 p.c. Bonds of 1918.. .. ........................ 4,073,77372

. & M. R. RR. in Nebraska 4 p. c. Bonds of 1910 .............................. 1,698,169 28

Republican Valley RR. 6 p. c. Bonds of 1919 ................................. 298,36087

Lincoln and Northwestern RR. 7 p. C. Bonds of 1910 ......................... . 159,037 49— 16,618,811 43

Total Liabilities .............................................................. > ........... $265,355,846 08

Credit.

Construction and Equipment, including cost of Branch Roads, to Dec. 31, 1896. . . .$205,670,432 48

Expended for Construction in the 6 months ending June 30, 1897 ................ 62,449 18

Expended lor Equipment in the 6 months ending June 30, 1897 ..................... 1,631 00— $205,734,512 66

Cost of Investments in Securities of Controlled Roads : Hannibal and St. "Joseph;
Kansas City, St. Joseph and Council Bluffs ; Chicago, Burlington and Kansas
City ; St. Louis, Keokuk and Northwestern ; Hnmeston and Shenandoah ;
Chicago, Burlington and Northern ; and Narrow Gauge Railroads ............................. 35,107,680 02

Sundry Investments ......................................................................... 3,837,913 31

Materials on Hand for future use ............................................................ 1,312,341 45

Trustees of Sinking Funds, showing the cost of uncancelled securities and cash
awaiting investment held in Sinking Funds for—
C., B. &Q. 5 p. c. Bonds of 1901 ............................................... $1,575,501 45

C., B. & Q. 4 p. c. Bonds of 1921 ........................................ 927,090 44

C., B. & Q. 4 p. c. Bonds of 1922 ............................................. 1,710,420 30

B. & M. R. RR in Nebraska 6 p. c. Bonds of 1918 ............................... 4,073,773 72

B. & M. R. RR. in Nebraska 4 p. c. Bonds of 1910 ............................. 1,698,169 28

Republican Valley RR. 6 p. c. Bonds of 1919 ................................. 298,3(5087

Lincoln and Northwestern RR. 7 p. c. Bonds of 1910 ........................... 159,037 49— 10,442,353 55

Current Accounts :

Sundry Available Securities .................................................. 2,534,608 38

Sundry Accounts and Bills Receivable ....................................... 3,593,67975

Cash on Hand ............................................................... 2,792,756 96—

Total Property and Other Assets,
25

8,921,045 09
.$265,355,846 08

386 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Statement of funded debt ($126,233,900), June 50, 1897 :

Bonds, Chicago, Burlington and Quincy KB. Co. ($108,709,900) Issued. Afloat.

Seven p. c. Consolidated Bonds and Scrip due July 1 1903, int. Jan. and July. m^.OQO ^,924,000

Five p.Pc. Bonds, due Oct. 1, 1901, interest A FjUud Oct 2,500,000 8,816,000

2,818,000
9,071,000
4,300,000
7,968,000
26,411,000

onver , , , 15,263,900

(10) C,R&Q.(ChicagoandIa.Div.)5p.c.Bond9,dueFeb.l,1905,int.Feb.nndAug. 2,320,000 2,320,000

Bond* Burlington and Arusouri River RR. Co. in -/V«6rasA;a ($17,843,000) Issued. Outstanding^

m) Consol Mt"e 6p c Bonds, due July 1, 1918, interest Jan. and July .,$12,894,000 $13.418,000

M2) Four p c Bonds, due Jan. 1, 1910, interest Jan. and July 3,347,000 3,347,000

(13) Sinking Fund 6 p. c. Mtge. Bonds (Republican Valley), due July 1, 1919 1,078,000 1,078,000

(1) Consol. m

399.57 m. of road (Ch

tge. $1,000 coupon bonds ($28,913,000) and bond scrip ($11,000) secured by 1st mtge. on
Chicago, 111., to Burlington, la., 204.27 m. ; Peoria to Galesburg, 111.. 52.77 m. ; Galesburg

Clinton, 111., 65.35 m. ; the Dixon, Peoria and Hannibal RR., Buda to Elmwood, 111., 44.51 in.; the
Peoria and Hannibal RR., Lewiston to Rushville, 111., 32.66 m.; the American Central Ry., Galva to New
Boston, 111., 50.63 m. ; the Carthage and Burlington RR., East Burlington to Carthage, 111., 30.41 m. ; the
Guincy and Warsaw RR., Carthage to Quincy, 111., 39.79 m. ; the Dixon and Quincy RR., Arpee to Keiths-
burg, 'ill., 6.25 m.; the Keokuk and St. Paul Ry., Burlington to Keokuk, la., 42.33 m.; a total of 359.91 miles.
Total length of lines upon which these bonds are a 1st mtge., 759.48 miles. The authorized issue of these
bonds is $30,000,000; the bonds unissued ($1,076,000) are reserved for the retirement of an equal amount of
bonds of the Ottawa, Oswego and Fox River Valley RR. Co., secured on 67.25 m. of road, from Geneva to
Streator, 111. The trustees of the mtge. hold an additional $184,000 of the Fox River Valley bonds. (See
page 388.) It was provided in the mtge. that any part of the $30,000,000 bonds might, at the discretion of

(2) These bonds were issued for the purchase of the St. Louis, Rock Island and Chicago RR., extending
from Rock Island via Barstow to Wann., 111., 227.54 m., with branches from Barstow to Sterling June., 111.,
40.44 m. ; and from Gladstone to Keithsburg, 111., 17.13 m. ; a total of 285.11 miles. They are $1,000 coupon
bonds, dated Oct. 2, 1876, redeemable by the action of a sinking fund; principal and interest payable at the
company's office in Boston. These bonds are secured by $2,500,000 St. L., R. I. & C. RR. Co.'s 1st 7s, de-
posited with the trustee. Sinking fund payable April 1 and Oct. 1 is the interest on these 7 p. c. bonds, less
the interest on the then outstanding 5 p. c. bonds of this issue. This, together with the income from the
securities held in the fund, is to be invested in bonds of this issue at a maximum price of par and accrued
interest; bonds so purchased to be cancelled. If such bonds cannot be bought at or under the maximum
price, the company can, at its option, pay a higher price, or invest the fund in other securities, subject to
the approval of the trustee. The St. L., R. I. & C. RR. is leased to the C., B. & Q. RR. Co. for 25 years sub-
ject to renewals. Trustee of mtge. : New England Trust Co. of Boston.

(3) These bonds ($9,000,000) and bond scrip ($157.86) were issued for Hannibal and St. Joseph RR. Co.
stock. They are $1,000 debentures, in coupon form, with privilege of registration. These bonds are not
secured by any mtge. upon the property, nor is there any sinking fund provided.

(4) and (5) These are $1,000 bonds and are in coupon form, with privilege of registration. They are
secured by a 1st mtge. on the following mileage and on 85.69 m. of 2d track in Iowa: Burlington to Pacific
June., la,, 276.86 m. ; Red Oak to Hamburg, la., 39.17 m. ; Chariton to Leon, la., 36.72 m. ; Creston, la., to
Hopkins, Mo., 42.75 m. ; and main track in Council Bluffs, la., 1.57 m. ; a total of 397.07 miles. They also
cover the following lines: Leon, Mt. Ayr and Southwestern RR., Leon, la., via Bethany June., Mo., to Grant
City, Mo., and from Bethany June, to Albany, Mo., 103.94 m. ; Nebraska City, Sidney nnd,Northeaster» RR.,
Hastings to Sidney, la., 21.12 m. ; Brownville and Nodaway RR., Villisca June., la., to Burlington June.,
Mo., 35 m. ; Clarinda College Springs and Southwestern RR., Clarinda to Northboro, la., 17.82 m. ; Red Oak
and Atlantic RR., Red Oak to Griswold, la., 18.04 m. ; Creston and Northern RR., Creston to Fontanelle, la.,
27.50 m. ; Hastings and Avoca RR., Hastings to Carson, la., 15.79 m. ; Chariton, Des Moines and Southern
RR., Chariton to Indianola, Ta., 33.16 m. ; Des Moines and Knoxville RR., Knoxville to Des Moines, la.,
35.02 m. ; St. Joseph and DCS Moines RR., Albany to St. Joseph, Mo., 48.09 m. ; Western Iowa RR., Fontanelle
to Cumberland, la., 20.33 m. ; Albia, Knoxville and Des Moines RR., Albia to Knoxville, la., 32.92 m. ; Humes-
ton and Shenandoah Ry., Van Wert to Shenandoah, la., 95.45 m. ; a total of 504.18 miles. Total length of
lines upon which the bonds are secured, 901.25 miles. Annual sinking fund, of 1J p. c. on bonds issued, to
be applied to purchase of 5 p. c. bonds, at not exceeding 5 p. c. premium and accrued interest, or of 4 p. c.
bonds at not more than par and accrued interest; bonds to be drawn at 105 and at par, respectively, and
cancelled in case of an insufficient offering. All the bonds are dated Oct. 1, 1879, and mature Oct. 1, 1919.
Bonds may be registered at the Bank of Commerce, New York, or at company's office in Boston. Trustees:
Henry Parkman, Francis Bartlett and William J. Ladd.

(0) These bonds were issued in 1881 for the acquirement of the Burlington and Southwestern RR., now
Chicago, Burlington and Kansas City RR. They are $1,000 coupon bonds, dated Sept. 1, 1881, interest March
and Sept., at the National Bank of Commerce, New York. Trustee: the New England Trust Co., Boston,
Mass. Sinking fund payment $43,000 per annum, payable Aug. 1st, is to be invested in bonds of this issue
at a maximum price of par and accrued interest. Bonds to be drawn at maximum price if they cannot be
purchased, and to be held by the trustee uncancelled until maturity. Interest on bonds held in the fund to
be added to the yearly payment, and invested in the same manner. Of the $4,300,000 bonds outstanding,
$1,020,000 are now in the sinking fund.

(7) These bonds are not mortgage, but are a direct obligation of the company, secured by deposit with
the trustee, of an equal amount of 5 p. c. 1st mtge. bonds of the Republican Valley RR., extending from
Beatrice, Neb., to Nemaha City, 65.20 m. ; from Nemaha to Salem, Neb., 17.60 m. ; from Table Rock to
\\ymore, Neb., 39.23 m., and from the westerly line of Red Willow County to westerly line of Nebraska,
(2.60 m. (total, 194.63 m.), and the Burlington and Colorado RR., extending from west line of Nebraska,

($1,565,000) of the bonds secured upon this same mileage being held by the trustee of the B. & M. R. RR.

POOR'S IIAXITAL — CfilCAGO, BURLltfGfON AtfD QUINCY RR. CO. 387

in I.L! . ccr._cl. 0 p. c. mtge.: Aurora to York, Neb., 21.68 m. ; Aurora to Central City, Neb., 19.63 m. ;
Auri.ra to Grand Island, Neb., 18.51 m.; Beatrice via Wymore to Red Cloud, Neb., 115.58 m. ; a total of
175.^0 miles. Sinking fund payment, $79,680 per annum, payable January 1st and July 1st, is to be invested
iii bonds of this issue at a maximum price of par and accrued interest. Bonds to be drawn at maximum
i;rice if they cannot be purchased, and to be held uncancelled by the trustee until maturity. Interest on
bonds held in the fund to be added to the semi-annual payments, and invested in the same manner. Of the
$7,SG8,000 bonds outstanding, $1,787,900 are now in the sinking fund. They are $1,000 coupon bonds, interest
payable at the National Bank of Commerce, New York, and in Boston, Mass. Trustee: New England Trust
Co'., Boston, Mass.

(8) These are $1,000 coupon bonds, dated May 2, 1887, with privilege of registration of principal (but
not of coupons), in sums of $5,000; authorized issue being limited to $20,000 per mile of main track and $10,000
per mile additional for 2d track. Total authorized issue, $45,000,000. The bonds are secured by deposit
aggregating $23,494,200 of 1st mtge. bonds of Nebraska branch roads as follows: Nebraska and Colorado RR.,
De Witt, Neb., via Strang, Blue Hill and Holdredge, to west line of Nebraska, 298.32 m. ; Fairmont, Neb.,
via Strang, to Chester, Neb., 45.19 m. ; Edgar to Superior, Neb., 26.53 m. ; Kenesaw, via Holdredge to Oxford,
Neb., 60.67 m. — (total, 430.71 m.), Omaha and North Platte RR., Omaha, via Ashland, to Schuyler, Neb.,
80.78 m. ; Lincoln and Black Hills RR., Central City to Ericson, Neb., 62.94 m. ; Palmer to Arcadia, Neb.,
54.38 m. ; Greeley Center to Burwell, Neb., 40.38 m. ; (total, 157.34 m.); Colorado and Wyoming RR., from
junction with Nebraska and Colorado RR., on west line of Nebraska, to June, with Cheyenne and Burlington
RR., on the south line of Wyoming,- 144.58 m. ; Cheyenne and Burlington RR., from June, with Colorado and
Wyoming RR., as above, to Cheyenne, Wyo., 29.01 m. ; Oxford and Kansas RR., Orleans, Neb., to a June, with
the Beaver Valley RR., on the south line of Nebraska, 59.61 m. ; Beaver Valley RR., from a June, with the
Oxford and Kansas RR., as above, to St. Francis, Kan., 74.18 m. ; Chicago, Nebraska and Kansas RR., Odell,
Neb., to Concordia, Kan., 71.04 m. ; Republican Valley, Kansas and Southwestern RR., Republican City, Neb.,
to Oberlin, Kan., 78.23 m. ; Republican Valley and Wyoming RR., Culbertspn to Imperial, Neb., 49.17 m.; a
total of 1,174.65 miles. The bonds are also secured by a 1st mtge. on a section of the Republican Valley RR.,
from Hastings to Aurora, Neb., 27.75 m., and of the Grand Island and Wyoming Central RR., from Grand
Island to Alliance, Neb., 269.60 miles. There is a sinking fund of 1 p. c. of the par value of all bonds issued,
payable annually on May 1st, and is to be invested in bonds of this issue at a maximum price of 110 and
accrued interest, the bonds so purchased to be cancelled. If, in any year, sufficient bonds to absorb the fund
cannot be purchased on proposals at or under the maximum price any unexpended remainder of the sinking-
fund payment is to be returned to the general funds of the company, and its obligation to purchase bonds
therewith ceases. Interest payable at the .Bank of Commerce, New York, and also in Boston. Trustee : New
England Trust Co., Boston, Mass.

(9) These bonds are for $100, $500, and $1,000 each, and are dated Sept. 1, 1890. They are convertible at
par into stock at any time up to Nov. 30, 1902, except when the transfer books of the company are closed.
The proceeds were applied to refunding and to new construction. Interest payable March and Sept., in New
York, N. Y., and at the company's office in Boston, Mass.

(10) These bonds are for $1,000 each in coupon form. They are secured under a trust indenture to the
New England Trust Co. of Boston, Mass., trustee, dated Feb. 1, 1895, by a deposit of $2,000,000 Chicago and
Iowa RR. Co. mtge. 8 p. c. bonds and $320,000 Joliet, Rockford and Northern mtge. 7 p. c. bonds— total,
$2,320,000. The Chicago and Iowa RR. extends from Aurora to Forreston, 111., 78.44 m., and from Flagg
Center to Rockford, 111., 23.50 m., and the Joliet, Rockford and Northern from Sheridan to Paw Paw, 111.,
19.54 miles. These roads are owned and controlled by the C., B. & Q. RR. Co., and there are no bonds out-
standing on either of them other than those mentioned above, and which constitute the collateral. Of the
C. & I. bonds mentioned above, $600,000 mature Jan. 1, 1900, and $1,150,000 mature July 1, 1901. The J., R.
& N. bonds for $320,000 mature May 1, 1922. 'Under the terms of the trust indenture provision is made that
the C., B. & Q. RR. Co. may extend said maturing bonds, or substitute and deposit with said trustee other
bonds of the same company to the same amount and secured by the same lien and at the game rate of
interest, or substitute and deposit with the trustee other securities of equivalent value which are satisfactory
to the trustee.

(11) These are $500 and $1,000 bonds, dated 1878; authorized issue, $14,000,000. They are secured by 1st
mtge. on the road from Pacific June., In., to Kearney, Neb., 195.29 miles, and also cover the following
branches: Omaha and Southwestern P.!!., Crr.r.! a to Oreapolis, Neb., 16.84 m., and from Crete to Beatrice,
Neb., 30.09 m. ; (he Nebraska Ry., frc r.i Xcmal.a via Nebraska City and Lincoln to York, Neb., 135.74 m. ;
Republican Valley RR., Hastings to wett Kne of Franklin County, Neb., 76.81 m. ; a total of 454.77 miles. In
addition, the trustee holds $1,565,000 of the 1st mtge. bonds of the Republican Valley RR. Co., secured upon
the mileage described below, the remainder ($540,000) of the bonds secured upon the same mileage being
held by the trustee of the C., B. & Q. Denver Extension mortgage: Aurora to York, Neb., 21.68 m. ; Aurora to
Central City, Neb., 19.63 m. : Aurora to Grand Island, Neb., 18.51 m. ; Beatrice via Wymore to Red Cloud,
Neb., 115.58 m. ; a total of 175.40 miles. Of the $12,894,000 bonds outstanding, $4,073,600 are held uncancelled
in the sinking fund, and the interest thereon is to be invested semi-annually by the trustee in bonds of this
issue, at a maximum price of par and accrued interest; bonds to be drawn if they cannot be purchased, and
whether purchased or drawn to be held uncancelled in the fund. $1,000 bonds from No. 1 to No. 4,400, inclu-
sive, and $600 bonds from No. 1 to No. 1,000 inclusive, amounting in the aggregate to $5,000,000, are exempt
from drawing until July 1, 1908. This fund, with its accumulations, will retire the whole issue at maturity.
Interest is payable at the Bank of Commerce, Boston, Mass.

(12) These are $1,000 coupon bonds; interest payable at the office of the trustee, New England Trust Co.,
Boston, Mass. Sinking fund payment is $66,940 per annum, payable June 1st and December 1st, and is to be
invested in bonds of this issue at a maximum price of par and accrued interest. If bonds cannot be pur-
chased at or below the maximum, the fund is to be invested, at the discretion of the trustee, in other secu-
rities, with the assent of the company. Bonds of this issue purchased for the fund to be held by the trustee
uncancelled, and interest thereon to be added to the semi-annual payments and invested in the same manner.
Of the $3,347,000 bonds of this issue, $1,796,000 are now in the sinking fund, and in addition thereto the
fund holds $35,000 C., B. & Q. Nebraska Extension 4 p. c. bonds of 1927.

(13) These are $1,000 coupon bonds; interest payable at the National Bank of Commerce, Boston, Mass.
They are a 1st mtge. on the road from the west line of Red Willow county to the west line of Franklin
county, Neb., 89.90 miles. Of the $1,078,000 outstanding bonds of this issue, there are now in the sinking
fund $289,800, and the interest thereon is to be invested annually by the trustee in bonds of this issue at a
maximum price of par and accrued interest. Bonds to be drawn if they cannot be purchased, and when so
purchased or drawn to be held uncancelled in the fund. This fund, with its accumulations, will retire the
whole issue at maturity.

Contingent Liabilities for Branch Boads, June 30, 1897 ($2,801,000):

(1) Ott., Osw. & Fox Riv. Vy. RR. 1st mtge. 8 p. c. 20-yr. b'ds, due July 1, 1900, int. Jan. 1 & July l.$l,076,000

(2) Atch. & Neb. RR. 1st mtge. 7 p. c. 20-yr. bonds, due March 1, 1908, int. March 1 and Sept. 1 1,125,000

(3) Lincoln & N. W. RR. 1st mtge. 7 p. c. 30-yr. bonds, due Jan. 1, 1910, int. Jan. 1 and July 1 600,000

388 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

(1) This is a 1st mtge. on the road from Geneva, 111., via Aurora to Streator, 111., 67.25 miles The total
amount of bonds issued was $1,260,000, of which the trustees of the C., B. & Q. consol mtge. of 1903 hold
$184,000. They also hold a sufficient amount of consols, to retire the rest of these bonds at maturity.

(2) This 'is a 1st mtge. on the road from Atchison, Kan., to Lincoln, Neb., 144.95 miles.

(3) This is a 1st mtge. on the road from Lincoln, Neb., to Columbus, Neb., 73.49 miles. Sinking fund
payment is $6,000 per annum, payable on or before Dec. 31, and is to be invested in bonds of this issue at a
maximum price of 110 and accrued interest. Bonds so purchased to be held uncancelled in the fund. If bonds
cannot be purchased at or under the maximum price, the fund is to be invested at the discretion of the trus-
tees. Interest on bonds held in the fund to be added to the annual payment, 'and invested in the same
manner.

The funded debt of this company on Dec. 31, 1896, including contingent liabilities for its
branch roads, was $128,829,900. During the six months ending June 30, 1897, this amount
was increased by the sale of $524,000 consol. mlge. 6 p. c. bonds of the B. & M. R. RR. in
Neb., and was lessened by the purchase for sinking fund, and cancellation, of $319,0000.,
B. & Q., Nebraska Extension, 4s of 1927 ; a net increase of $205,000. Total funded debt,
June 30, 1897, $129,034,900. Outstanding funded debt of controlled roads on June 30, 1897,
being the amount not owned by the C., B. & Q. RR. Co., $24,259,000. Aggregate funded
debt°of the whole system on June 30, 1897, $153,293,900.

The length of the roads specified in the foregoing statements of funded debt, on which bonds are out-
standing, is 5,856 m., leaving in the whole system 1,146 m. of standard gauge and 178 m. of narrow gauge
railroad on which no bonds are outstanding. The 1,146 m. of standard gauge road include the St. Louis,
Keokuk and Northwestern RR., 226 m., with its double track steel bridge over the Missouri River at Belle-
fontaine, Mo., and its terminals in St. Louis; the Chicago, Burlington and Kansas City Ry., 181 m. ; and
from Alliance, Neb., to Billings, Mont,, and from Edgemont, So. Dak., to Deadwood, 621 m., and sundry
short branches.

Land Department. — The Iowa grant, made under the Act of May 15, 1856. and acquired
by a consolidation with the Burlington and Missouri RR., consists of 6 sections per mile.
The Nebraska grant, made under the Act of July 2, 1862, and acquired by a consolidation
with the B. M. RR of Nebraska, consists of 20 sections to the mile of line. The Iowa
lands are all sold and the accounts closed.

The sales in Nebraska during the six months ending June 30, 1897, were 4,201.05 acres
for $33,702.94, an average of $8.02 per acre ; lands reverted, 8,356.77 acres, representing
$28,260.95 ; leaving, as the net result of operations, sales of 344.28 acres for $5,441.99, or
$15.81 per acre. Cash receipts, $30,512.18. Disbursements: Taxes and tax. expenses, $5,659.-
55 ; legal expenses, $1,100.71 ; salaries and office expenses, $2,979.15 ; advertising and com-
missions, $796.63— total, $11,536.04. Surplus paid treasurer, $19,976.14. Assets, June 30,
1897. — Principal, represented by contracts on hand, $267,032.62'; interest, represented by con-
tracts on hand, $38,641.44 ; due from tax delinquents, and other assets, $6,834.52 ; town lots
unsold, $500 ; and 49,356 acres unsold land, estimated at $4 per acre, $197,424— total, $510,-
432.58 ; or less partial payments ($13,707.54), $496,7'.)5.04.

Board of Directors, Chicago, Burlington and Quincy RR. Co., Nov. 3, 1897.

JOHN M. FORBES, Chairman Board of Directors Boston, Mass.

Charles J. Paine Boston, Mass.

John L. Gardner " •'

F. W. Hunnewell...

William Endicott, Jr. .Boston, Mass. Edw. W. Hooper. . Cambridge, Maes.

J. N. A. Griswold..New York City.
James H. Smith. .. " "

Richard Olney

T. J. Coolidge . . .Manchester, Mass.

Charles E. Perkins Burlington, Iowa.

Executive and Finance Committee : F. W. Hunnewell, Chairman; John M. Forbes,
Charles J. Paine, William Endicott, Jr., John L. Gardner.

CHARLES E. PERKINS, President Burlington, la.

\»t Vice-Pres. A Treas.—J&$. C. Peasley. ..Chicago, 111. I General Auditor— Charles I. Sturgis Chicago, 111.

"Zd Vice-President— George B. Harris " " | Sec. & Clerkof Board— Thos. S. Howland, Boston, Mass.

Assistant Treasurer — A. G. Stan wood Boston, Mass.

PRINCIPAL OFFICE AND ADDRESS Chicago, 111.

CHICAGO, BURLINGTON AND QUINCY SYSTEM — Controlled Roads.

(Standard Gauge Lines.)

CHICAGO, BURLINGTON AND KANSAS CITY BB.-Viele to Bloomfleld June., la.,
59.79 m.; Moulton, la., to Carrollton, Mo., 121.77 m.: trackage : C.B. & Q. RR.,Viele to Burlington, la., 25.28m.;
Wabash RR., Moulton toBloomfield June., la., 14.11 m.— total owned (181.56 in.) and operated, 220.95 m.; sidings,
etc. (owned, 11.99 m.; leased, 0.^9 m.), 12.28 miles. Gauge, 4 ft. 8* in. Rail (steel), 56 and 60 IDS. Consolidation,
Aug. 16, 1881, of the Chicago, Burlington and Kansas City Ry. Co. of Iowa and the Kansas City, St. Joseph and
Burlington Ry. Co. of Missouri. Looomotives.il. Carp— passenger, 3: bagsra<*e. etc., 3 : freight (box, 55 : flit
and coal 164), 219 ; other, 9— total, 234. This road is wholly owned by the C., B. & Q. RR. Co., and its operations
are included in the statement on page 383.

POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY SYSTEM. 389

Financial Statement, June 30, 1895 (latest rendered). — Capital stock, $8,000,000 ; current accounts, $21,-
177.96 ; coupons unpaid, $209,100 ; profit and loss, $782,754.96-total, $9,013,032,92. Contra : Cost of road, $8,828,-
181.95 ; rolling stock, $166,857.43 ; current accounts, $6,850.68 ; cash, $11,142.86— total, $9,013,032.92.

Directors.-J. W. Blythe, W. W. Baldwin, H. B. Scott, W. F. McParland, Burlington, la.; J. C. Peasly.
Chicago, 111. OFFICERS : W. W. BALDWIN, Free., Burlington, la.; J. C. Peaely, 1st Vice-Pres. & Treas.; Geo. B.
Harris, 2d Vice-Pres.. Chicago, 111.; H. E. Jarvis, Sec., Burlington, la. ; Howard Elliott, Gen. Mgr., St. Joseph, Mo.
GENERAL OFFICE, St. Joseph, Mo.

CHICAGO, BTTRLINGKTON AND NORTHERN RR.— Oregon, 111., to St. Panl, Minn., 319.05
m.; Pulton, 111., to Savannah, 111., 16.72 m.; East Winona to Winona, Minn., 1.34 m.; East Dubnque, 111., to Du-
bnque, Ia.,0.53 m.; Galena June, to Galena, 111., 3.82 m.; trackage— Great Northern RR., Minneapolis to St.
Paul, Minn., 10.72 m. ; Illinois Central RR., Portage Curve to Wisconsin State Line, 12.78 m. ; various other roads,
5.83 m.— total owned (341.46 m.) and operated, 370.79 miles. 2d track, 6.13 m. ; sidings, etc., 67.42 miles. Gauge, 4
ft. 8i in. Rail (steel), 66 Ibs. Chartered Oct. 21, 1885, and road opened Nov. 1, 1886. It has close traffic relations
with the Chicago, Burlington and Qnincy, and connects the system with the Northwest. In 1890 a controlling
interest in this company was acquired by the C., B. & Q. RR. Co., by the purchase of a majority ($9,068,500) of its
capital stock. Locomotives, 58. Cars— passenger, 29 ; baggage, mail, and express, 5 ; freight (box and stock,
2,750 : flat and coal, 600 ; caboose, 29), 3,379 ; other cars, 7— total, 3,420.

Operations, « months ending June 30, 1897.— Train mileage and traffic operations not reported. Earnings-
passenger, $144,989.95 ; freight, $066,761.50 ; mail, $24,191.87 ; other, $23,517.40— total, $859,460.72 Operating
expenses, $679,064.39. Net earnings, $180,396.33. Payments : Interest on bonds, $340,675 ; interest and ex-
change, $4,865.36 ; trackage rentals, $59,117.53 ; taxes, $59,777.08— total, $464,434.97. Deficit, $284.038.64 ; deficit
forward, $1,741,767.33— total, $2,025,805.97.

General Balance Sheet, June 30, 1897.

Cost of Road $19,364,274 21

Cost of Rolling Stock. 2,241,962 34

177,550 00
123,158 39
137,453 34
96,277 02
586,575 15
Income Account 2,025,805 97

Stocks and Bonds Owned.

Materials and Fuel

Current Accounts and Bills Receivable . .

Cash on Hand

Other Property and Assets.

Total Assets $24,753,056 42

Capital Stock (par, $100) $9,946,500 00

Funded Debt 12,771,500 00

Current Accounts 307,552 22

Bills Payable 1,628,263 19

Profit and Loss 99,241 01

Total Liabilities $24,753,056 42

Authorized amount of stock, $12,000,000, of which $2,053,500 is held by trustees, to be exchanged for bonda
as they are bought and cancelled under contract with the C., B. & Q. and C. & I. RR. Cos.

Funded debt consisted, June 30, 1897, of $8,053,500 1st mtge. 5 p. c. $500 and $1,000 coupon bonds, dated
Dec. 1, 1885, due April 1, 1926, interest April and Oct. ; $908,000 equipment 5 p. c. $1,000 coupon bonds, dated
Feb. 1, 1888, due Feb. 1, 1903, interest Feb. and Aug.; $3,450,000 2d mtge 6 p. c. 30-yr. $1,000 coupon bonds, due
June 1, 1918, interest June and Dec.; and $360,000 of $10,000 and $100,000 funding notes, due April 1, 1926, interest
April and Oct. Interest payable at the Farmers' Loan and Trust Co., New York, and at the agency of the com-
pany in Boston.

The 1st mtge. bonds are secured on the section of the main line from a point near East Dubnqtie to St. Paul,
Minn., 244.85 mT, and are further secured by "deposit with the trustees of all of the 1st mtge. bonds and all of the
capital stock of the C., B. & N. RR. of Illinois, whose line extends from Oregon to Savannah, 111., and from Ful-
ton via Savannah to East Dubnqne, III. (a distance of 103.70 m., less 12.78 m. leased from the Illinois Central RR.
Co., from Portage Curve to East Dubuque, 111.), 90.92 miles. The Chicago, Burlington and Qnincy and the Chi-
cago and Iowa RR. Cos. guarantee for twenty years from 1885 one-half of net earnings derived from traffic over
the road, the amount to be not less than $100,000 per annum and to be devoted to purchase or withdrawal, at 105,
of these bonds, which shall be exchanged at par for stock. The bonds are further subject to redemption at 105
p. c. on any coupon day after April 1, 1896, after six months' previous notice. Trustees : Henry Parkman, J.
Malcolm Forbes and T. J. Coolidge, Jr.

The 2d mtge. bonds are secured on the same property as the 1st mtge. bonds, but are subject in lien to that mtge.
They are alsoa 1st mtge. on the Winona, Dnbnqne, an'd Galena branchesT 5. 69 m. in all, and are further secured
by deposit of the 2d mtge. bonds of the C., B. & N. RR. of Illinois. The bonds were issued to fund the floating
debt, and $2,250,000 were reserved for the debentures, which might be exchanged for them till April 17, 1889.
During the past year $935,000 of these bonds were issned for the purpose of retiring the same amount of debentures,
wb'ch matured on Dec. 1, 1896. Trustee : American Loan and Trust Co., Boston, Mass.

The equipment 7 p. c. bonds were called for payment on Feb. 1, 1893, at 103, but holders were given the privi-
lege of retaining their bonds at the reduced rate of 5 p. c. and the absence of the sinking fund provision. Trus-
tees : F. Peabody, Jr., E. V. R. Thayer, N. H. Stone.

The funding notes were issued to the C., B. & Q. RR. Co. to provide for construction and equipment expen-
ditures only. Besides these equipment notes the C:, B. & Q. RR. Co. owns $493,000 of the equipment bonds and
$1,235,000 of the 2d mtge. bonds.

Directors (elected June 9, 1897).— J. M. Forbes, J. L. Gardner, Charles J. Paine, F. W. Hunnewell, Boston,
Mass.; C. E. Perkins, Burlington, la.; George B. Harris, Chicago, 111.; T. J. Coolidge, Manchester, Mass.
OFFICERS- : GEORGE B. HARRIS, jPres., Chicago, 111.; T. S. Howland, Sec., Boston, Mass.; J. C. Peasley, Treas. ,1
Chicago, III. GENERAL OFFICE, St. Paul, Minn.

HANNIBAL AND ST. JOSEPH RR.— Hannibal, Mo., to St. Joseph, Mo., 206.52 m.; Palmyra
June., Mo., to West Quincy, Mo., 12.65 m.; Cameron Junction, Mo., to Kansas City, Mo., 54.16m.; St. Joseph,
Mo., to Rnshville, Mo., 15.89 m.: trackage— Quincy, 111., to West Quincy, Mo., 2.03 m.; Rushville,Mo., to Atchi-
son, Kan., 6.07 m. ;— total owned (289.22 m.)and operated, 297.32 m.; total track (steel. 363.50 m.), 386 30 miles.
Gauge, 4 ft. 81 in. Rail— steel, 66 Ibs.; iron, 56 Ibs. Chartered Feb. 16, 1847 ; road opened Feb. 15. 1859. The
branches were built under separate charters. The company received a land grant under which 603,906 acres have
been certified— all of which, with the exception of about 20.000 acres, have been sold. The bridge across the Mis-
souri River at Kansas City is owned by this company, and makes a part of the Kansas City nnd Cameron line.
In 1880 a second track was laid between the bridge and Union Depot, and is used jointly with the Chicago and
Alton RR. Co., which pays for the use thereof a rental of $9,500 a year. The Missouri Pacific Ry. Co. uses the
road between St. Joseph and Atchison, together with the terminal facilities at St. Joseph. The Chicago, Rock
Island and Pacific Ry. Co. pays rental for running its trains between Cameron and Kansas City. The C., B. <fc
Q. RR. Co. owns all 'but 63 shares of the common stock and all but 5 shares of the preferred stock of this company.
(See MANUAL for 1896, page 470.)

In consequence of encroachments of the Missouri River on the tracks near Atchison, a re-location of the line
was made necessary during 1896. resulting in the abandonment of 5.55 m. of the Atchison branch, from Winthrop
to Rnshville, Mo., and the rebuilding of the same length of the Kansas City, St. Jo. & C. B. RR. and its use by
this company under a trackage contract. Locomotives, 74. Cars— passenger, 35 ; baggage, mail and express, 14 ;
freight (box and stock, 1,286 ; flat and coal, 542), 1,728 ; caboose, 40— total, 1,817.

390

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

department, Jl,392!l4-^-total, $400,696.61. Payments : Interest on bonds, $341,500 ; rentals, $3,078.36 ; dividends
on stock, $152,490 ; taxes, $l,014.45-total, $398,082.81. Surplus, $2,613.80 ; surplus forward, $1,492,299.62— total,
$1,494,913.42. Since the organization of the company 23 dividends have been paid, 17 on preferred stock and 6 on
common. Preferred stock nas prior right to dividends up to 7 p. c. non-cumulative and is entitled to share pro
rata with common stock in any dividend in excess of 7 p. c. on both classes.
Comparative statement of operations, etc., for eight yeara:

1890

Dec. 31.

1891

Dec. 31.

1892

Dec. 31.

1893

Dec. 31.

1894

Dec. 31.

1895

Dec. 31.

1896

Dec. 31.

1897

June 30,
6mos.

Passenger Earnings

295.24
$
623,848

295.25
653,031

295.25

$
647,088

295.25
729,127

297.30

$

597,905

297.30

8 '
658,341

297.32

I

613,210

297.32

$
271,447

1,658,351

1,590,819

1,822,965

1,698,694

1,507,866

1,357,538

1,364,096

694,490

Miscellaneous

513,803

462,631

518,912

533,696

521,362

484,041

453,729

208,594

Gross Traffic Earnings
Operating Expenses

2,796.002
2,048,771

2,706,481
1,846,773

2,988,965
2,090,022

2,961,517
. 1,821,149

2,627,133

1,545,200

2,499,920
1,501,293

2,431,035
1,577,034

1,174,531

778,709

Net Traffic Earnings

747,231

859,708

898,943

1,140,368

1,081,933

998,627

854,001

395,822

Gross Earnings per Mile. . .
Gross Expenses per Mile . . .
Net Earnings per Mile
Expenses to Earnings

9,470 27
6,939 34
2,53093
73.27 p. c.

9,166 74
6,254 94
2,911 80
68.24 p. c.

10,128 51
7,078 82
3,044 69
69.92 p. c.

10,030 54
6,168 16
3,86-2 38
61. 50 p. c.

8,836 64
5,197 44
3,639 20
38. 82 p. c.

8,408 71
5,049 76
8,35895
60. 09 p. c.

8,176 49
5,304 16
2,872 33
64.87 p. c.

3,95040
2,619 10
1,331 30
66.30 p.C.

General Balance Sheet, June 30, 1897.

Cost of Road ............................ $20,268,773 52

Cost of Equipment ...................... 3,490,090 74

Stocks and Bonds ....................... 109,800 00

Materials and Fuel ...................... 181,107 62

Current Accounts and Bills Receivable.. 495,603 70
Cash .................................... 63,597 43

Total Assets ......................... $24,608,973 01

Capital Stock— Common.. I
. f

_„_ 4.,™ j $9,168,700 00

Capital Stock— Preferred. fpar> :t'lw"< | 5,083,26900

Funded Debt Outstanding ............... 8,050,000 00

Current Accounts and Bills Payable ..... 586,744 50

Income Account or Surplus ............ 1,494,91342

Profit and Loss ......................... 225.346 09

Total Liabilities ......... . ........... $24,608,973 01

Funded debt consists of $8,000,000 consol. 6 p. c. 30-yr. $1,000 cy. bonds, due March 1, 1911, and $50,000 18-yr.
$10,000 funding notes, due March 1, 1911. The bonds are in coupon form, with privilege of registration. Interest
payable March and Sept. in Boston, Mass. Trustee: Farmers' Loan and Trust Co., New York.

Directors (elected March 1, 1898).— C. E. Perkins, W. W. Baldwin, Burlington, la.; C. J. Paine, J. L. Gard-
ner, F. W. Hunnewell, Boston, Mass. ; Howard Elliott, O. M. Spencer, T. F. Van Natta, C. M. Carter, St. Joseph,
Mo. OFFICERS: C. E. PERKINS, Pm., Burlington, la.; J. C. Peasley, 1st Vice-Pres. & Treas., Chicago, 111.;
Geo. B. Harris, 2d Vice-Pres., Chicago, 111.; C. I. Sturgis, Gen. Auditor; Howard Elliott, Gen. Mgr., St. Joseph,
Mo.; T. S. Howland, Sec., Boston, Mass. GENERAL OFFICE, St. Joseph, Mo.

KANSAS CITY, ST. JOSEPH AND COUNCIL BLUFFS BB.-Harlem, Mo., to Council
Bluffs, la., 189.37 m. ; iu Kansas City, Mo., 0.44 m., Amazonia, Mo., to Iowa State Line, 52.30 m. ; Bigelow to Bur-
lington Junction, Mo., 31.54m.; Corning to Iowa State Line, 29.54m.; Armour to Atchison Bridge Switch, 2.96m.;
Nebraska City Junction to Crosby, 3.C5m.; East Leavenworth to Stillings, 1.05m.; leased lines— H. & St.J.RR.,
Kansas City, Mo., to Harlem, Mo., 1.72 m.; Union Pacific By., Council Bluffs, la., to U. P. Transfer, 1.57 m.;
Leavenworth Term. Ry. and Edge. Co., Stillings to Leavenworth, 1.73 m.; trackage— C. efe A. Bridge, East Atchi-
«on to Atchison. 1.07 m.— total owned (310.85 m.1). leased (5.02 m.), and operated, 316.94 miles. Of which, leased
to other companies and not operated by K. C., St. J. & C. B., 7.44 m. ; net mileage operated, June 30, 1897, 309.50
miles. 2d track, 1.44 m. ; sidings, 70.55 miles. Gauge, 4 ft. 8} in. Rail— steel (330.51 m.), 66 Ibs.; iron, 56 Ibs.
This company succeeded, by consolidation and otherwise, to the franchises and property of the Platte County,
the Atchison and St. Joseph, the Weston and Atchison, the Missouri Valley, the St. Joseph and Council Bluffs,
and the Council Bluffs and St. Joseph RR. Cos. In 1880 the leased lines were completed, and the capital stock
and income bonds of this company were bought by the C., B. & Q. RR. Co. in the same year. (See MANUAL for
1888.) Locomotives, 44. Cars— passenger, 26; baggage, mail, etc., 13; freight (box, 775; stock, 97; flat and coal,
166), 1,038; other, 236— total cars. 1,313.

Operations, 6 months ending June 30, 1897.— Earnings— passenger, $225,749.67; freight, $641,979.78; mail,
$42,532.02; express, $10,550.02 ; other, $85,391.89— total, $1,006,203.38.

Operating expenses. $624,894.94. Net
Payments: Interest on bonds, $200,570; rentals,
$385,432.23. Surplus, $1,027.14; surplus forward,

, ,. , ,

earnings, $381,308.44; add interest, $5,150.93— total, $386,459.37.
S19.7<>6.88; dividend No. 15, $157,190.80; taxes, $7,904.55— total,
$1,774,114.47— total, $1,775,141.61.

General Balance Sheet, June 30, 1897.
Cost of Road ............................ $11,847,363 39 Capital Stock (par, $100) ............... $6,029,493 00

Cost of Rolling Stock ................... 1,524,550 06 Funded Debt Outstanding ............... 5,751,000 00

Investments 87,756 99

Materials and Fuel 155,647 21

Current Accounts and Bills Receivable.. 183,598 81

Cash on Hand 199,804 05

Total Assets $13,998,720 51

Current Accounts and Bills Payable , 368,553 56

Profit and Loss 74,532 34

Income Account 1,775,141 61

Total Liabilities $13,998,720 51

Statement of funded debt outstanding June 30, 1897:
it mtge. (K. C., St. J. & C. B.) 7 p. c. 40-yr. coup. cy. bonds, due Jan. 1, 1907, interest Jan. and July. .. $5,000,000

mtge. (Tarkio Valley) 7 p. c. coup. cy. bonds, due June 1, 1920, interest June and Dec 243,000

mtge. (Nodaway Valley) 7 p. c. 40-yr. coup. cy. bonds, due June 1, 1920, interest June and Dec. . . . 218.000

ig note* of $10,000 and $100,000 each, dated Jan. 2, 1893, due Jan. 1, 1907, interest Jan. and July. . 290,000

The first $500,000 of 1st mtge. bonds of 1907 (Nos. 1 to 500) have a preference in case of liquidation. All bonds

em coupon form; the 1st mtge. bonds are for $100, $500, and $1,000 each; all others are f or $1 000 each. Thecom-

•any guarantees the bonds of the Nodaway Valley and the Tarkio Valley RRs., principal and interest, and agrees

to apply $10,000 per annum to the purchase of bonds of the former issue and $11,000 per annum to that of the

•ter, at the minimum price iu either case of par and accrued interest, bonds to be drawn if they cannot be pur-

POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST., PAUL RY, CO. 391

chased, and when so drawn or purchased to be cancelled. These issues are secured respectively on thu Nodaway
Valley (Bigelow to Burlington Junction) and Tarkio Valley (Corning to Iowa State Line) branches. The 1st mtge.
bonds of 1907 are secured on the rest of the railroad. Interest on all bonds is payable in Boston, Mass. The C.,
B. & Q. RR. Co. owns all of the funding notes.

Directors (elected March I, 1898).— C. E. Perkins. W. W. Baldwin, Burlington, la.; J. L. Gardner, C. J.
Paine, F. W. Hnnnewell, Boston, Mass.; Howard Elliott, T. F. Van Natta,C. M. Carter, O. M. Spencer, St Joseph,
Mo. OFPICEKS : C. E. PERKINS, Pres., Burlington, la.; James C. Peasley, 1st Vice-Pres. <fc Treas.; G. B. Harris,
2d Vice-Pres., Chicago, III.; T. S. Howland, Sec., Boston, Mass.; Howard Elliott, Gen. Jfgr., St. Joseph, Mo.
GENERAL OFFICE, St. Joseph, Mo.

ST. LOUIS, KEOKUK AND NORTHWESTERN RR.-Keokuk, la., to West Qnincy, Mo.,
36.66 m.; Moody, Mo., to Hannibal, Mo., 13.25 m.; Hannibal, Mo., to Louisiana, Mo., 25.32 m.; Louisiana, Mo.,
to Franklin Ave., St. Louis, 91.51 m.; Cnrrie June.. Mo., to St. Peters, Mo., 10.55 m.; Keokuk June., la., to
Keokuk, la., 48.01 m.; at West Alton, 0.46 m.; lines operated under trackage contracts (see below) 11.89 m.; total
owned (225.76 m.) and operated, 237.65 miles. 2d track, 23.41 m.; sidings, 68.91 miles. Gauge, 4 ft. 81 in. Rail
(steel, 138.23 m.), 48 and 56 Ibs.

Lines operated under trackage contracts consist of the Q.uincy Bridge Co., and C., B. & Q. RR., from West
Qnincy, Mo., to Quincy, 111., 2.03 m.; H. & St. J. RR., from West Quincy to Moody, Mo., 4.07 m.; Hannibal
Bridtre Co., in Hannibal, 0.42 m.; M., K. & T. Ry., in Hannibal, 0.32 in.; C. & A. RR., in Louisiana, Mo., 0.34
m.; the C., B. & Q. RR., Mt. Pleasant June., la., to Mt. Pleasant, la., 0.68 m.; Keokuk and Hamilton Bridge, in
Keokuk, la., 0.03m.; Terminal RR. Association of St. Louis, in St. Louis, Mo., 4 m.— total, 11.89 miles. Reor-
ganization, under the title of St. Louis, Keoknk and Northwestern Ry. Co., July 1, 1875, of Mississippi Valley
and Western RR., which was sold April 14, 1875. Road opened through, Sept. 11, 1879. Reorganized under
present title Dec. 3, 1887. On June 17, 1889, this company purchased the Mt. Pleasant and Keokuk RR., extend-
ing from Keoknk to Mt. Pleasant, la., a distance of 48.09 miles. On March 4, 1894, the line from Currie June, to
St. Peters, Mo., 48.01 m. was completed and opened for traffic (see MANUAL for 1895). Controlled by C., B. <fc Q.
RR. Co., and operations included in statement on p. 383. Locomotives, 27. Cars— passenger, 15; dining, 1; bag-
gage, etc., 9; freight (box, 289 ; stock, 101; flat and coal, 88), 478; other, 54— total, 557.

General Balance Sheet, June 30, 1894 (latest rendered).

Cost of Road $15,106,330

Rolling Stock 532,903

Stocks Owned 7,800

Other Investments 1,096,969

Cash and Cash Assets 224,234

Total Assets $16,968,236

Capital Stock (par, $100) $5,443,800

Funded Debt Outstanding (see below) 9,850,000

Current Liabilities 1,554,465

Int. Accrued on Funded Debt, not yet pay'e 42,500

Profit and Loss 38,050

Income Account 39,421

Total Liabilities $16,968,236

The funded debt consists of 1st mtge. 6 p. c. 40-yr. cy. bonds, due Feb. 1, 1930, interest Feb. and Aug., in
New York. Trustees : Edward C. Perkins and W. J. Ladd. An increase of the capital stock from $8,000,000 to
$20.000,000 has been authorized.

Directors (elected April, 13%).— W. W. Baldwin, C. E. Perkins, Burlington, la.; John L. Gardner, Chas. J.
Paine, Francis W. Hunnewell, Boston, Mass. OFFICERS : W. W. BALDWIN, Pres., Burlington, la.; J. C. Peasley,
1st Vlce-Pres. & Treas.- George B. Harris, 2d Vice-Pres., Chicago, ID.; W. C. Maxwell, Sec., Keokuk, fa.; C. M.
Carter, Aud., St. Joseph, Mo. GERERAL OFFICE, St. Joseph. Mo.

CHICAGO, BURLINGTON AND QUINCY SYSTEM.— Controlled Roads.

(Namnv Gauge Lines.)

BURLINGTON AND NORTHWESTERN RY.— Mediapolis to Washington, Ta., 38.73. m.; sid-
ings, etc., 3.48 miles. Gauge. 3 ft. Rail (steel. 22.48 m.). 30 and 50 Ib*. Organized March 3, 1875 ; road opened
Jan. 4. 1880. By means of n third rail trains are run over the B. C. R. & N. RR. between Mediapolis and Burling-
ton, 13.77 m. ; making total operated, 52.50 miles. Locomotives, 4. Cars— passenger, 4 ; baggage, etc., 1 ; freight
(box, 97 ; stock, 4 ; flat, 5), 106 ; other, 6— total, 117.

Operations.— This road is controlled by the C., B. & Q. RR. Co. and its earnings are included in the report
for that company.

Financial Statement, June 30, 1897. — None rendered. (See MANUAL for 1896, p. 315.)

BURLINGTON AND WESTERN RR.— Winfleld to Oskaloosa, la., 70.70 m.; trackage : B. & N.
W. RR.: Burlington to Winfleld, la.. 33.5 m.— total, 104.2 m.; sidings, 3 miles. Gauge. 3 ft. Rail (steel, 2.35 m.),
35 and 48 Ibs. Chartered June 7, 1881 ; road opened in Dec., 1883. Formerly operated by the Burlington and
Northwestern RR. Co. Locomotives, 4. Cars— passenger, 3 ; baggage, etc., 2 ; freight (box, 109 ; stock, 22 ; flat,
115), 246 ; other, 4— total, 255.

Operations.— This road is controlled by the C., B. & Q. RR. Co. and its earnings are included in the report
for that oompanv.

Financial Statement, June 30, 1897.— None rendered. (See MANUAL for 1896, p. 316.)

CHICAGO, MILWAUKEE AND ST. PAUL RAILWAY COMPANY.

(For map of this system see page 393.)

Main Line of Road. — Chicago, 111., to Minneapolis, Minn 420.00 miles.

Other divisions and branches, owned absolutely 5,722.64 "

Other lines, owned jointly with other companies 11.19 "

Total length of lines operated, June 30, 1897 6,158.83 miles.

2d and 3d tracks and connections (owned, 235.85 m.; owned jointly, 3.57 m.), 239.42 m.; sid-
ings (owned, 1, 5)69.06 m.; owned jointly, 42.45 in.), 1,411.51 m.; tracks of other companies
used, 62.12m. — total track, 7,866.88 miles. Mnin track laid with steel, 5,426.02 m.; with
iron, 727.81 miles. Gauge, 4 ft. 8£ in. Kail, 56 to 75 Ibs.

392 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

The detailed statement of mileage of the C., M. & St. P. Ry. lines published in the
MANUAL each year from 1881 to 1897, is omitted this year for the^reason that the company
supplied no revised statement, furnishing instead a copy of its Official Time Table for July,
1897, from which the following statement is compiled:

SOUTHERN DISTRICT. Miles.

Chicago and Council Bluffs Division (in 111.) 134.95

Chicago and Council Bluffs Division (in la.) 590.84

Chicago and Mil waukee Division 78.25

Evanston Division 8.69

Kansas City Division 299.54

Racine and Southwestern Division 213.03

Sioux City and Dakota Division 348.87

Chicago Terminals 17.30

MIDDLE DISTRICT.
La Crosse Division 299.56

Mineral Point Division 148.99

Northern Division 225.45

Prairie du Chien Division 219.70

Superior Division 420.61

Miles.

Wisconsin Valley Division 258.02

Milwaukee Terminals 10.08

NORTHERN DISTBICT.

Chippewa Valley Division 83.68

Dubuque Division 335.94

Hastings and Dakota Division 570.88

Iowa and Dakota Division 552.86

Iowa and Minnesota Division 258.85

James River Division 317.04

River Division 162.89

Southern Minnesota Division 534.52

Wabasha Division , 60.21

Total mileage 6,150.75

The difference of 3.08 miles between this length and the total mileage (6,153.83) on June
30, 1897, as shown in the company's report, is explained as follows: A spur track to Nekoosa,
Wis., on the Wisconsin Valley Division, heretofore classed as side track, was extended by
the construction of a loop, and is now operated as main track, an increase of 2.92 miles, mak-
ing the length of the Wisconsin Valley Division, 260.94 miles ; the length of the line from
Sioux City to Manilla, la., Sioux City and Iowa Division, was increased 0.10 mile by remeas-
urement, making the length of the division, 348.97 miles; and through a rearrangement of
the tracks in Canal street, between Kinzie street and Fulton street, Chicago, there was an
increase of 0.06 mile in the length of tracks owned jointly with other companies.

Of the 6,153.83 m. operated June 30, 1897, 1,650.71 m. are in Wisconsin, 317.94 m. in
Illinois, 1,553.47 m. in Iowa, 1,120.09 m. in Minnesota, 118.21 m. in North Dakota, 1,101.06m.
in South Dakota, 140.27 m. in Missouri and 152.08 m. in Michigan.

History. — Organized May 5, 1863, under the name of the Milwaukee and St. Paul Ry. Co.
Name changed under legislative authority Feb. 14, 1874, to Chicago, Milwaukee and St. Paul
Ry. Co. The steady growth of the system is recorded in previous editions of the MANUAL,
particularly those for 1888 and 1892.

Trains run into Kansas City over the Belt Ry. of Missouri, in which this company has a
one-fifth interest. Under a contract made in 1890, to run for 999 years, the company has
equal right to the use of the Union Pacific tracks from Council Bluffs, la., to Omaha, Neb.,
including the bridge over the Missouri River at Omaha and the Union Passenger station
in Omaha.

Rolling1 Stock, June 30, 1897. — Standard Gauge : Locomotives, 823. Cars — passenger,
410 ; sleeping, 53 ; parlor, 16 ; dining, 8 ; baggage, postal, mail, and express, 282 ; freight
(box, 18,273; stock, 2,416; flat, coal, ore, and dump, 5,779; refrigerator, 474), 26,942 ;
caboose, 487 ; wrecking, tool, etc., 73 — total cars, 28,271. Narrow Gauge : Locomotives, 7.
Cars— passenger, 3 ; baggage, mail, and exprese, 6 ; freight (box, 203 ; stock, 59 ; flat, 50),
312 ; caboose, 5 — total cars, 326.

Operations, year ending June 30, 1897.— See tabulated statement on page 394.

Earnings— Passenger $5,717,495 98

Freight 22,104,802 66

Mail, Express, etc 2,664,469 35

Total ($4,955.14 per mile) $30,486,767 99

Expenses — Tranpportation, General, etc .$11,777,745 78
Maintenance of Rolling Stock. 2,464,838 52
Maint. of Way and Buildings. . 4,334,954 78

Total ($3,019.48 per mile) ... . . .$18,577,539 08

Net earnings (39.06 p. c.), $11,909,228.91 ; add other income, $162,823.76— total, $12,072,-
051.67. Payments : Interest on bonds, $7,488,746.85 ; dividend No. 54 (3| p. c. on preferred
stock, and 2 p. c. on common stock, payable April 19, 1897), $1,875,551,72— total, $9,364,298.-
57. Surplus, $2,707,753.10 ; surplus forward, $7,663,868.47— total, $10.371,621.57. Deduct
dividend No. 52 being 3} p. c. on preferred stock, and 2 p. c. on common, paid Oct. 21, 1896,
from net earnings of fiscal year ending June 30, 1896, $1,861,901.72. Balance at credit June
30, 1897, $8,509,719.85. Dividend No. 55, from earnings of the fiscal year ending June 30,
1897, 3±p. c. ($1,016,921.50) on preferred stock and 3 p. c. ($1,380,798) on common stock,
was paid on Oct. 21, 1897, leaving a surplus from the year's business of $310,033.60.

893

394

POOR'S MANUAL OF BAILROADS — RAILROAD "SYSTEMS.'

Statement of op. rat on .«, etc., property and capital account for seven fiscal years :

1891

1892

1893

1894

1895

1896

1897

Av. Miles UR. Op'rat'd
Pass. Train Mileage. ..
Freight Train Mileage.
Total Train Mileage. . .
Passengers Carried
Passenger Mileage. . . .
Freight (tons) Moved . .
Freight (ton) Miles

Passenger Earnings —
Freight Earnings

5,710.00
7,300,932
11,866,637
25,797.862
7,919,2211
262,551,100
10,397,035
1,895,635,111

$

6,277,774
19,011,159
2,214,291

5,721.00
7,405,805
14,172,436
28.257,689
8,026,906
270,817,683
11,568,930
2.265,993,968
$
6,639,137
23,241,421
2,402,951

5,724.00
7,441,245

14,853,528
30,002,974
8,279,158
299,057,356
12,261,705
2,378,470,481
$
7,138,561
24,393,849
2,442,645

6,147.00
7,848,438
12,869,482
26,692,470
7,921,882
337,133,338
10,794,058
2,077,869,479
$
7,311,822
21,550,687
2,465,442

6,159.00
7,549,199
10,911,957
23,690,828
7,235,899
244,225,688
10,475,942
1,765,245,552

5,852,781
18,978,263
2,504,325

6,153.27
7,788,709
13,526,151
2«,901,200
7,427,614
260,821,497
12,210,055
9,381,667,988
$
6,147,679
23,887,930
2,646,220

6,152.55
7,819,919
12,:8r,036
25,516,975
7,154,689
251,110,669
11,554,153
2,193,241,0^0
8
5,717,496
22,104,803
2,664,469

Other Earnings

27,504,224
18,366,500

32,283,508
20,815,004

33,975,055
22,488,108

31,327,951
20,114,333

27,335,369
17,043,753

32,681,829
19,676,808

30,486,768
18,577,539

Expenses ana Taxes. . .

Net Traffic Earnings. . .
Other Receipts

9,137,734
418,425

11,468,504
237,353

11,486,947
122,140

11,213,618
100,684

10,291,616
134,647

13,005,021

64,857

11,909,229
162,823

Available Revenue —
Interest on Bonds, etc.
Dividends, Preferred..
Dividends, Common. . .
Balance Surplus

9,556,149
7,321,469
(7) 1,544,718

11,705,857
7,274,151
(7) 1,648,423
(2) 919,154
1,864,129
5,642 98
3,63835
2,004 63
64.48 p. c.
2.45 c.
l.OSc.

5,716.74
7,015.07
4,870.00
798
084
26,138
$
24,364,900
46,027,261
129,195,000

11,609,087
7,086,686
(7) 1,800,463
(4) 1,838,308
883,630
5,936 58
3,92942
2,007 16
66.19 p. c.
2.39 C.
1.03 C.

5,719.47
7,135.90
5,248.00
797
738
27,539
S
25,767,900
46,027,261
130,805,500
58,660
9,452,798
6,487,899

11,314,302
7,599,570
(7) 1,816,423
(4) 1,839,699
58,610
5,09640
3,272 18
1,82422
64.21 p. c.
2.17 c.
1.04 C.

6,143.10
7,689.38
5,802.00
835
778
28,249
$
25,973,900
46,027,261
138,801,000
192,689
6,358,868
6,521,040

10,426,263
7,629,377
(7) 1,825,208
(2) 920,445
61,233
4,43803
2,767 14
1,670 89
62.35 p. c.
2.40 c.
1.08 c.

6,164.06
7,722.55
5,891.00
836
776
27,931
8

26,156,900
46,027,261
139,321,000
930,290
6,121,546
5,479,879

13,069,878
7,611,928
(7) 1,872,178
(4) 1,841,090
1,744,682
5,311 18
3,19778
2,11335
60.21 p. P.
2.36 c.
l.OOc.

6,145.19
7.745.88
5,954.63
833
777
27,961
S
26,895,900
46,027,261
139,161,000
1,306,286
6,348,536
7,663,867

12.072,062
7,488, 747
(7) 1,971,928
(5) 2,301,343
310,032
4,955 14
3,019 48
1,935 66
60.94 p. c.
2.28C.
l.Olc.

6,142.64
7,747.55
5,961.58
830
778
27,819
S
29,054,900
46,026,600
137,762,000
1,624,873
6,001,629
8,509,720

689,962
4,816 85
3,216 55
1,60030
66.78 p. c.
2.39 c.
l.OOc.

5,716.68
6,986.56
4,665.00
801
678
25,317
S
22,198,900
46,027,261
129,797,000

Gross Earnings per Mile
Gross Exp'nses p. Mile
Net Earnings per Mile.
Expenses to Earnings..
Av. Rate p. Pass. p. M.
Av. Rate p. Ton p. M..

Miles of RR. Owned...
Miles Track Owned.. . .
Miles Steel Rail

Locomotives

Passenger Train Cars. .
Freight Train Cars

Preferred Stock

Common Stock

Funded Debt

Special Funds *

Current. Accounts, etc. .
Income Account

Total Liabilities

9,902,427
3,094,853

6,426,158
5,869,209

211,020,441

189,624,728
13,034,062

211,882,528

191,544,853
13,420,011

218,600,018

195,223,234
16,002.263
464.430
2,631,666
1,615,581
2,662,814

223,874,758

• 210,440,713
4,971,927
564,907
1,226,568
1,994,056
3,676,586

224,036,876

211,168,037
5,579,509
696,841
1,743,013
2,057,752
2,791,724

227,402,851

211,830,735
5,451,236
1,022,082
1,846,511
1,658,668
5,593,619

228,979,722

212,594,714
6,318,856
1,642,485
1,911,288
1,588,911
4,973,468

Cost of Property

Stocks, Bonds', etc
Other Assets

Materials, etc

2,313,223
2,554,668
3,493,760

2,385,002
489,131
4,043,531

Dues and Accounts
Cash on Hand

Total Assets

211,020,441

211,882,528

218,600,018

223,874,758

224,036,876

227,402,851

228,979,722

h Includes sinking funds, rolling stocks replacement fund and renewal fund.
General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $212,594,714 15

Bonds, Stocks, etc., of Other Companies 881,156 12

Sinking Funds 589,794 89

Sundry Trusts 567,029 98

Insurance Department 10,000 00

Materials and Fuel on Hand 1,911,287 76

Investment Account 475,660 00

Company's Stock Held in Treasury 4,770 00

Mortgage Bonds of Company Unsold 4,344,000 00

Mil. & No. RR. Co. Consols Unsold 1,089,000 00

Sundry Dues and Accounts 1,538,910 50

Cash on Hand 4,973,468 48

Total

Assets $228,979,721 88

Capital Stock— Preferred $29,054,900 00

Capital Stock— Common 46,026,600 00

Funded Debt 137,762,000 00

Pay-Roils and Vouchers 1,524,82061

Sinking Funds.

Due Sundry Companies

Miscellaneous Balances

Interest Accrued, not yet Payable

Interest and Dividends Unclaimed

Rolling Stock Replacement Fund

Renewal Fund.

590,764 89
163.205 45
760,547 60
3,471,847 67
81,208 08
431,532 00
602,575 73
Income Account 8,509,719 85

Total Liabilities $228,979,721

" Investment Account" represents cost of bonds purchased for sinking fund purposes.

The preferred stock is entitled to 7 p. c. dividends, non-cumulative, after payment of
interest on all bonds, the company having the privilege of reserving, as a working capital,
not exceeding $250,000 over the floating debt and the accrued interest on the mtge. bonds.

POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST. PAUL RY. CO. 395

After payment of 7 p. c. on common stock both classes share pro rata in any further profits.
Stock must be owned at the time of closing the books to entitle the holder to vote.

The capital stock was increased during the year by $2,150,000 of preferred stock issued
iu exchange for the same amount of convertible bonds cancelled, and was decreased by writ-
ing off the books fractions of shares of common stock amounting in the aggregate to 6.61
shares, in accordance with a resolution of the Board of Directors. Net increase in ca iial
stock during the year, $2,158,339. The amount of capital stock per mile of road is $12,211.89.
Since the close of the fiscal year the amount of the preferred stock outstanding has been
increased to $31,818,400, the additional shares having been issued in exchange for convert-
ible bonds.

Total funded debt on June 30, 1896, including all liens on purchased roads, amounted to
$139,161,000. It was increased during the year by the issue of $2,684,000 gen. mtge. bonds —
$268,000 for underlying bonds purchased and cancelled by sinking funds, $1,436,000 ex-
changed for underlying bonds, $221,000 for Iowa and Minnesota Division bonds maturing
July 1, 1897, and $759,000 for additions and improvements to the property — and decreased $4,-
083,000 by the conversion of $2,159,000 of bonds into preferred stock, by the purchase of $267,-
000 for sinking fund, by the exchange of $1,436,000 underlying bonds for gen. mtge. bonds
and by the payment of $221,000 Iowa and Minnesota Division 1st mtge. bonds maturing July
1, 1897. Net decrease in funded debt during the year, $1,399,000.

The amount of funded debt per mile of road is $22,406.77 per mile, on which the interest
charge per mile of road is $1,237.86. The total capitalization of the company per mile of
road is $34,618.66.

Statement of funded debt, June 30, 1897 (total, $137,762,000 ; annual interest charge,
$7,599,298) :

Description of Bonds.

Date of Bonds.

Interest.

Amount
Out-
standing.

Annual
Interest.

Issued.

Payable.

Rate.

Payable.

Consolidated Mortgage Bonds

1875
July 1, 1875
July 1, 1884
July 1, 1886
1867
1868
1868
1873
1872
1872
1869
July 1, 1878
1872
Jan. 1, 1880
Jan. 1, 1880
July 1, 1879
July 1,1879
Apr. a, 1880
Jan. 1, 1881
Jan. 1, 1880
July 1, 1880
July 1, 1880
July 1, 1880
July 1, 1881
July 1, 1881
July 1, 1886
Jan. 1, 1879
1883
Jan. 1, 1886
May 1, 1889
June 1, 1880
Feb. 11, 1884

1904
July 1, 1905
July 1, 1914
July 1, 1916
July 1, 1897
1898
1898
1903
1902
1902
1899
July 1, 1908
1902
Jan. 1,1910
Jan. 1, 1910
July 1, 1909
July 1, 1919
Jan. 1, 1910
Jan. 1, 1921
Jan. 1, 1910
July 1,1910
July 1, 1920
July 1, 1920
July 1, 1921
July 1, 1921
July 1, 1926
Jan. 1, 1909
Jan. 1, 1924
Jan. 1, 1916
May 1, 1989
Jnnel, 1910
June 1, 1913

p. c.

7
5
5

7
8
7 3-10
7
7

r.

. 7
7
7
7
5
6
5
6
5
6
5
6
6
5
5
5
7
6
5
4
6
6

Jan. <fc July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Feb. & Aug.
Feb. & Aug.
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. <fe July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. <fc July
Jan. & July
Jan. & July
Jan. & July
June & Dec.
June & Dec.

8
185,000
11,298,000
4,748,000
1,368,000
162,000
2,238,000
766,000
2,891,000
3,313,000
423,500
421,000
3,505,000
89,000
5,680,000
990.000
4,000,000
2,500,000
3,000,000
25,340,000
7.432,000
2,840,000
6,309,000
2,249,000
4,755,000
1,360,000
3,083,000
1,106,500
1,250,000
2,856,000
24,357,000
2,155,000
5,092,000

12,950
790,860
237,400
68,400

Terminal Bonds

Income Sinking Fund Convertible
1st Mtge. Iowa & Minn. Div. Bonds
1st Mtge. Prairie du Chien Div. Bonds. .
2d Mtge. Prairie du Chien Div. Bonds..
1st Mtge. Chicago and Mil. Div. Bonds.
1st Mtge. St. Paul or River Div. Bonds.
1st Mtge. St. P. or Riv. Div. Sterl. B'ds.
1st Mtge. Iowa & Dakota Div. Bonds.. .
1st Mtge. la. & Dak. Div. Ext. Bonds...
1st Mtge. Hastings & Dak. Div. Bonds.
1st Mtge. Hast. & Dak. Div. Ext. B'ds.
1st Mtge. Hast. & Dak. Div. Ext. B'ds.
1st Mtge. Southwestern Div. Bonds
1st Mtge. La Crosse & Dav. Div. Bonds.
1st Mtge. ( hie. & Pacific Div. Bonds. . .
l^t Mtge. Chic. & Pa. West'n Div. Bds.
1st Mtge. Southern Minn. Div. Bonds..
1st Mtge. Mineral Point Div. Bonds
1st Mtge. Dubuque Div. Bonds

179,040
55.918
167,370
231,910
29,645
29,470
245,350
6,230
397,600
49,500
240,000
125,000
180,000
1,267,000
445,920
142,000
378,540
134,940
237,750
68.000
154,150
77,455
75,000
142,800
994.280
129,300
305,520

1st Mtge. Wis. Valley Div. Bonds
1st Mtge. Wis. & Minn. Div. Bonds
1st Mtge. Chic. & Lake Sup. Div. B'ds.
1st Mtge. Chic. & Mo. Riv. Div. Bonds.
Wisconsin Valley RR. Bonds

1st Mtge. Fargo & Southern Ry. Bonds.
1st Mtge. Dak. & Gt. Southern Ry
General Mortgage Bonds

1st Mtge. Milw. & Nor. RR. Bonds
Consol. Mtge. M. & No. RR. Bonds

No bonds can be issued now under any of the above mortgages, except the general mortgage. Voting
power attaches to all registered bonds bearing dates previou9 to 1878.

Of the total amount of bonds outstanding June 30, 1897, as shown in the preceding statement, there
remained unsold in the treasury, or due from trustee, $5,433,000.

Interest accrued on funded debt during the year, including interest on bonds redeemed, amounted to
$7,814,076.85; deduct interest on bonds in the investment account, $325,330; leaving balance as per income

396 POOR'S -MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

account, $7,488,746.85. Interest on bonds paid during the year, including $341,854.68 of interest on bonds
redeemed, amounted to $7,650,208.18.

Paul 7or River), 128.10 'm.;*Ia. & Dak., 126 m. ; Hastings & Dak., 74.20 miles They are also secured on all
property of the company, real and personal, and on the income of^the road. ^ The bonds are for^ $1,000 each m

payable in lawful money of the' II. S., or in gold, July 1, 1905, at the company's office in New York, N. Y.
Trustee: Farmers' Loan" and Trust Co., New York, N. Y.

Terminal Bonds. — Secured on all real estate and improvements in the cities of Chicago and Milwaukee
purchased since the date of the consolidated mortgage of 1875, and all real estate which may hereafter be
purchased, and all buildings and improvements that may be made. The bonds are for $1,000 each, in coupon
form but may be registered as to principal. Interest payable Jan. and July, at the company's office, New
York, N. Y. Principal due July 1, 1914, in gold at the company's office, New York, N. Y. No sinking fund.
Trustee: Farmers' Loan and Trust Co., New York, N. Y.

N. Y. The bonds are convertible into common stock at any time within 60 days after a dividend is payable
on that stock. Under the sinking fund provision a sum equal to 4 p. c. of all the bonds issued of this series
is s*t apart yearly for purchase of bonds at par and accrued interest, any shortage to be made up by drawings
at 105 p. c. and accrued interest, if sufficient bonds are not offered to exhaust the sinking fund. During the
fiscal year, 1896-97, $76,000 of the bonds were retired and cancelled.

Iowa and Minn. Div. Bonds.-— Secured on the road from McGregor, la., to St. Paul and Minneapolis,
220 miles. The bonds matured July 1, 1897; $221,000 of them were retired and cancelled, $1,714,000 were
exchanged for preferred stock, leaving $162,000 to be paid off as presented.

Prairie du Chicn Div. Bonds. — Secured in the order of their priority on the line from Milwaukee to
Prairie du Chien, Wis., 194.4 miles. They are for $1,000 each, in coupon form, but principal may be regis-
tered; due Feb. 1, 1898, interest payable Feb. and Aug., at the company's office, New York, N. Y. Of the 1st
mtge. bonds, $1,436,000 were exchanged during the past fiscal year for gen. mtge. 4 p. c. bonds, under an
agreement by which the holders received in cash the difference in interest equalized on a 4 p. c. basis. A
part of the remaining bonds of this issue have been exchanged in a similar manner since June 30, 1897, and
the balance will be paid when due. The 2d mtge. bonds may be converted into preferred stock at any time
within 10 days after a dividend becomes payable on that stock; $358,000 of them were so converted during
the past fiscal year.

Chicago and Milwaukee Div. Bonds. — Secured on the line from Chicago, 111., to Milwaukee, Wis.,
82.20 m., including franchises, etc., and all lands acquired or to be acquired for depots, etc., and all build-
ings, fixtures, rolling stock, and supplies, now or hereafter acquired therefor. Authorized issue, $2,500,000.
Bonds are for $1,000 each, in coupon form, but principal may be registered. Bonds are not transferable,
unless the transfer is accompanied by a certificate for 10 shares of scrip stock. They are convertible into
preferred stock at par at any time within 10 days after a dividend becomes payable on that stock. $2,000 of
them were so converted during the past fiscal year, and up to May 1, 1898, an additional $246,000 were con-
verted, leaving $2,145,000 of the bonds outstanding. Interest payable Jan. 1 and July 1, at the office or
agency of the company in New York, N. Y. Russell Sage, surviving trustee.

St. Paul (or River) Div. Bonds. — Secured on the line from La Crescent (Bridge Junction) to St. Paul,
128.10 m., together with all franchises, etc., and all real and personal property now owned or which may be
acquired hereafter. Authorized issue, £800,000. Bonds are for £100 each; but two £100 bonds may be
exchanged for one $1,000 bond, payable in U. S. gold coin in New York, N. Y. They are in coupon form,
but principal may be registered. Interest payable Jan. 1 and July 1. Principal and interest of $1,000 bonds
payable at the company's agency in New York; on sterling bonds at the office of Morton, Rose & Co., London,
Eng. Bonds are convertible into preferred stock of the company, at par, at any time within 10 days after a
dividend becomes payable on that stock; $53,000 currency and $7,000 sterling bonds were so converted during
the past fiscal year, and up to May, 1898, an additional $661,000 currency bonds and $35,500 sterling bonds
were converted, leaving $2,652,000 currency bonds and $388,000 sterling bonds outstanding. Trustees: Russell
Sage and Levi P. Morton.

Iowa and Dakota Div. Bonds.— Secured on the line from Calmar to Algona, 126 miles. The bonds are
for $1,000 each, in coupon form, but principal may be registered. They are convertible into preferred stock
of the company at par at any time within 10 days after dividends become payable on that stock; $23,000 of
them were so converted during the past fiscal year, and up to May, 1898, an additional $136,000 were con-
verted, leaving $285,000 of the bonds outstanding. Interest payable Jan. and July, at the company's office,
New York, N. Y. Russell Sage, surviving trustee.

Iowa and Dakota Div. Extension Bonds.— Secured on the line from Algona to Chamberlain, 273.90 m.,
and from Marion June, to Running Water, 62 m., together with all franchises, lands, equipment, etc.
Authorized at the rate of $15,000 per mile. Bonds are for $1,000 each, in coupon form, but principal may be
registered. They are convertible into preferred stock of the company at par at any time within 10 days
after dividends become payable on that stock. Since the close of the fiscal year, $166,000 of the bonds have
been so converted, leaving $3,339,000 outstanding. Interest and principal pa'yable in gold at the company's
office, New York, N. Y. No sinking fund. Trustee of bonds: Farmers' Loan and Trust Co., New York, N. Y.

Hastings and Dakota Div. Bonds.— Secured on the line from Hastings to Glencoe, 74.2 miles. They
are for $1,900 each, and are convertible into preferred stock of the company at any time at par within 10
days after a dividend becomes payable on that stock. Principal and interest payable at the company's office,
New York. Russell Sage, surviving trustee.

Hastings and Dakota Div. Extension Bonds.— Secured on the line from Glencoe to Roscoe, 278 m. ;
Roscoe to Eureka, 26.85 m.; Aberdeen to Edgerly, 64.15 m. ; and Milbank June, to Sisseton, 33 m.— total, 402
m., together with all franchises, real and personal property, lands, equipment, etc., now owned or hereafter
acquired and appertaining to those lines. Amount authorized, $2,560,000 for 128 m. from Glencoe to Big
Stone Lake, Minn., and $15,000 per mile for extensions. Bonds are for $1,000 each, in coupon form, but
principal may be registered. The interest on the first 5,680 bonds of this issue was 7 p. c., but by the supple-
mental mtge. (May 1, 1886) it was provided that the interest of subsequent issues should be 5 p. c. Interest
payable at the company's office in New York. No sinking fund. Trustee: Farmers' Loan and Trust Co., New
York.

POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST. PAUL RY. CO. 397

Southwestern Div. Bonds. — Secured on the lines from Racine to Port Byron June. 190 m., and from
Eagle to Elkhorn, 17 miles. They are for $1,000 each, in coupon form, but principal may be registered.
Interest payable Jan. and July, at the company's office in New York.

La Crosse and Davenport Div. Bonds. — Secured en the line from Davenport to Jackson June., 150.5
m., and from Eldredge June, to Maquoketa, 32.19 miles. Authorized amount, $3,000,000. They are for $1,000
each, in coupon form, but principal may be registered. Inttrest payable at the office of the company in
New York. Trustee: Farmers' Loan and Trust Co., New York, N. Y.

Chicago and Pacific Div. Bonds.— Secured by 1st mtge. on line from Chicago to Kittredge, 116.60 m.,
and on Sabula bridge and approaches, 3.54 m., and by 2d mtge. on line from Kittredge to Savanna, 21.50 miles.
They are for $1,000 each, in coupon form, but principal may be registered. The authorized amount ($3,000,-
000) is outstanding. Interest payable at the office of the company in New York. No sinking fund. Trustee:
Farmers' Loan and Trust Co.. New York, N. Y.

Chicago and Pacific Western Div. Bonds.— Scoured on the following lines: Cedar Rapids to Kansas
City, 293.84 m. ; Marion to Council Bluffs, 261.70 m. ; Sioux City to Manilla, 90.10 m. ; Egan to Woonsocket,
82.76 m. ; Sioux City to Aberdeen, 262.60 m. ; Elk 1'oint to Sioux Falls, 70 m. ; Eden to Rock Valley, 9 m. ;
and Farley to Cedar Rapids, 47 m. ; a total of 1,117 m., being at the rate of $20,000 per mile. They are for
$1,000 each, in coupon form, but may be registered as to principal. Principal and interest payable in gold
at the office of the company in New York. Trustee: Farmers' Loan and Trust Co., New York, N. Y.

Southern Minn. Div. Bonds. — Secured on the line from La Crescent to Sioux Falls, 346.50 m. ; Wells to
Mankato, 38.10 m. ; and from Minneapolis to Benton June., 28.86 m. — total, 413.46 miles. Authorized amount,
$9,000,000, of which $6,124,000 were set aside to retire bonds aggregating $5,423,000, issued by the Southern
Minnesota RR., the Southern Minnesota Extension Ry., and the Central RR. Co. of Minnesota; $462,000 to
be used for the completion of the road from Flandreau to Sioux Falls, and $414,000 for the purchase of equip-
ment for lines covered by this mortgage; $2,000,000 to be applied to the construction and equipment of an
extension from Mankato to Minneapolis, the bonds to be issued at the rate of $15,000 per mile, for sections
of not less than 10 miles. Bonds are for $1,000 each, in coupon form, but principal may be registered. In-
terest payable at the office of the company in New York. No sinking fund. Trustee: Farmers' Loan and
Trust Co., New York, N. Y.

Mineral Point Div. Bonds. — Secured on the lines from Warren to Mineral Point, 33 m. ; Calamine to
Plattville, 18 m. ; Monroe to Shullsburg, 34 m. ; Lone Rock to Richland Centre, 16 m. ; and Viroqua to Sparta,
32 m. — total, 133 miles. Authorized at the rate of $20,OCO per mile of road constructed or purchased free
from incumbrances, but no bonds to be issued on the extension from Mineral Point to Dodgeville. They are
for $1,000 each, in coupon form, but principal may be registered. Interest payable at the office of the com-
pany in New York. No sinking fund. Trustee: Fanners' Loan and Trust Co., New York, N. Y.

Dubuque Div. Bonds. — Secured on the following lines : La Crescent to Clinton, 178 m. ; Caledonia June,
to Preston, 57.50 m. ; Waukon June, to Waukon, 22.80 m. ; Turkey River June, to West Union, 57.20 m. ; and
Bellevue to Cascade, 35.50 m. ; a total of 351 m. ; also on all property, both real and personal, appertaining
to the Dubuque Division, now owned or hereafter acquired. Bonds are for $1,000 each, in coupon form, but
principal may be registered. Interest payable at the office of the company in New York. A sinking fund of
1 p. c. of the whole amount issued is annually provided for the purchase of these bonds at not over 103; or
if they cannot be had at that price, the fund may be applied at option to the purchase of other 6 p. c. 1st
mtge. bonds of the company at not under par. During the past fiscal year $170,000 of the bonds were retired
and cancelled. Trustee: New England Trust Co., Boston, Mass.

Wisconsin Valley Div. Bonds. — Secured by 1st mtge. on the line from Merrill to Minocqua, 54.50 m.,
and 2d on the road from Tomah to Merrill, 107 miles. Bonds are for $1,000 each, in coupon form, but prin-
cipal may be registered. Interest payable at the company's office, New York. Provisions of sinking fund same
as those for the Dubuque Division bonds. During the past fiscal year $21,000 of these bonds were retired
and cancelled. Trustee: New England Trust Co., Boston, Mass.

Wisconsin and Minnesota Div. Bonds. — Secured on the following lines: Wabasha to Zumbrota, 60 m. ;
Hastings to Stillwater, 25.50 m. ; Northfield to Red Wing, 32.50 m. ; Wabasha to Chippewa Falls, 65 m. ; Red
Cedar June, to Cedar Falls, 21 m. ; Minn, to St. Paul and Short Line bridge, 10 m. ; a total of 214 m. ; also
on Read's Landing bridge, and all property, both real and personal, now owned or hereafter to be acquired
on the lines mentioned. They are for $1,000 each, in coupon ferrn, but principal may be registered. Author-
ized at a rate of $20,000 per mile of road constructed or purchased. Principal and interest payable in gold
at the company's office in New York. Trustee: Farmers' Loan and Trust Co., New York, N. Y.

Chicago and Lake Superior Div. Bonds. — Secured on the lines from Janesville to Beloit, 14 m. ;
Rockton to Rockford, 15 m. ; and from Madison to Portgage, 39 m. ; also upon all property, real and personal,
now owned or hereafter acquired and appertaining to those lines. Amount authorized, $1,360,000 on the 68 m.
of road before noted, and $20,000 per mile of road to be constructed, leased or purchased free from mortgages.
They are for $1,000 each, in coupon form, but principal may be registered. Principal and interest payable in
gold at the company's office in New York. No sinking fund. Trustee: Farmers' Loan and Trust Co., New
York, N. Y.

Chicago and Missouri River Div. Bonds.— Secured on the lines from Tripp to Armour, 20.40 m. ;
Roscoe to Bowdle, 15.5 m. ; and Roscoe to Orient, 41.10 m. — total, 77 m. ; as also upon all property, both
real and personal, now owned or hereafter to be acquired and appertaining to those lines, and also upon the
rolling stock. The first issue of these bonds, made in 1886, was for $2,049,000, of which $1,540,000 covered the
railroad and $509,000 rolling stock, purchased and registered and recorded under the mortgage. In 1888 an
additional $1,034,000 covering the cost of more rolling stock was issued. It is specified in the mortgage that
bonds may be also issued for two bridges across and beyond the Missouri River, and their approaches, but
none to exceed $600,000 each. Authorized at the rate of $20,000 per mile of road completed and equipped.
Bonds are for $1,000 each, in coupon form, but principal may be registered. Interest payable at the com-
pany's office in New York. No sinking fund. Trustee: Farmers' Loan and Trust Co. New York, N. Y.

Wisconsin Valley RR. .Bonds.— Secured by 1st mtge. on the line from Tomah to Merrill, 107.27 miles.
They are for $500 and $1,000 each, in coupon form, but principal may be registered. Interest payable in
Boston, Mass. Trustees: H. H. Hunnewell, Francis Bartlett, and N. Thayer, Jr., Boston, Mass.

Fargo Southern Ry. Bonds.— Secured on the line from Ortonville to Fargo, 11V m., as also upon all
property, real and personal, now owned or hereafter acquired for that line. Amount authorized, $1,250,000
on road mentioned, and $20,000 per mile of railway hereafter constructed and equipped. They are coupon
bonds for $1,000 each. Principal and interest payable in gold at the company's office in New York, N. Y.
Trustee: Farmers' Loan and Trust Co., New York, N. Y.

Dakota and Gt. Southern Ry. Bonds. — Secured by 1st mtge. on the line from Madison to Bristol,
102.70 m., and from Andover to Harlem, 56 m., as also on all property, both real and personal, now owned
or hereafter acquired for those lines. They are authorized at the rate of $18,000 per mile of railway con-
structed and 'equipped. They are coupon bonds, for $1,000 each. • No sinking fund. Principal and interest

398

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

payable in gold at the company's office in New York, N. Y. Trustee: Farmers' Loan and Trust Co., New
York, N. Y.

General Mtge. Bonds.— Secured on the entire property of the company, subject to prior liens. The
authorized amount is $150,000,000, of which $121,819,000 were reserved to retire or refund a corresponding
amount of prior liens, dollar for dollar, and $22,181,000 set aside to provide for extensions and branches,
paying any premiums on bonds retired or refunded, double-tracking the road and providing for real estate,
etc. The bonds are for $1,000 each, bear not exceeding 5 p. c. interest, and are in coupon form, with privilege
of registration; principal and interest payable in gold in New York. Trustee: United States Trust Co., New
York, N. Y. During the past fiscal year there were issued $21,000 for Wisconsin Valley Division bonds, can-
celled; $76,000 •for income sinking fund convertible bonds, cancelled; $170,000 for Dubuque Division bonds,
cancelled; $1,436,000 for Prairie du Chien Div. bonds, cancelled; $221,000 for Iowa and Minn. Div. bonds,
cancelled; $1,000 for Milwaukee and St. Paul Ry. bond, cancelled, and $759,000 for expenditures for addi-
tional equipment, real estate and improvements, July 1, 1897; making the total issue during the year,
$2,684,000.

Milwaukee and Northern 1st Mtge. Bonds. — Secured on the main line from North Milwaukee to
Green Bay, and the Appleton and Neenah Branches; in all 127 miles. They are $1,000 coupon bonds, with
privilege of registration. Interest payable at the company's office in New York. Trustees: Allan S. Apgar
and Samuel N. Hoyt, New York, N. Y.

Milwaukee and Northern Consol. Mtge. Bonds.— Secured by a 1st mtge. on the road north from
Green Bay and a 2d mtge. on the road south from that point. They are $1,000 coupon bonds, with privilege
of registration. Authorized amount, $17,000 per mile. Trustees: Allan S. Apgar and Frank S. Bond. New
York, N. Y. The total amount of bonds authorized under this mortgage is $8,000,000, of which $2,155,000 were
reserved to retire the prior issue, $500,000 to extend the road into the city of Milwaukee, $200,000 to build
ore docks, and the remainder (Nos. 2,856 to 8,000) to provide for extensions of the road at the rate of $17,000
per mile.

Income, etc supplementary comparative statement for 10 months ending April 30, 1898

and 1807 :

1898 1897 INCREASE.

Gross Earnings ..' $28,688,156 §25,408,568 $3,279,588

Operating Expenses 17,669,430 15,382,749 2,281.681

Net Earnings 11,018,726 10,025,819 992,907

Total Income 11,154,406 10,161,499 992,907

After deducting fixed charges of $6,240,620 and preferred stock dividends of $1,580,302
there remain balances of $3,334,484 for 1898 and $2,340,577 for 1897.

Statement showing amount of bonds of the several classes outstanding at the close of
each year for eight fiscal years, 1890 to 1897 inclusive:

1890

1891

1892

1893

1894

1895

1896

1897

1st Mtge. 7 p. c. (LaC. Div.)
1st Mtge. Consol. 7 p. c
IstMtg. 7 p. c. (I. & M. Div.)
lstMtg.7p. c. (Min. C. RR.)
1st M. 7 p. c. (I. & Dak. Div.)
1st M. 7 p. c. (I. & Dak. Ex.)
1st M. 7 p. c. (St. P. Div.)..
1st M. 8 p. c. (P. Du C. Div.)
1st M. 7 p. c. (Has. & Dak.).
letM. 7 p. c. (Ch. &Mil.)..
1st M. 6p.c. (So. Wn. Div.).
1st M. 5p.c. (La C. & D. Dv.)
2dM.7.3p. c.(P. DuC. Div )
Mil. & Wn. RR. 7 p. c. Bds.
IstM. 7p.c. (H.&D.Dv.Ex.)
1st M. 6 p. c. (Ch. &Pc. Dv.)
IstM. 6 p. c. (S. Min. Div.).
1st M. 5 p. c. (Minr. Pt. Dv.)
IstM. 6 p. c. (Dubuq.Div.).
let M. 6 p. c.(Wis.Vv.Dv-).
lstM.5p.c.(Ch.&Pc.W.Dv.)
1st M. 5p.c. (W. & Min. Dv.)
lstM.5p.c.(Ch. &L.S. Dv.)
Wis. Vy. RR. 7 p. c. Bds...
Terminal 5 p. c. Bds ....

$

4,980,000
11,486,000
3,198,000
123,000
541,000
3,505,000
3,804,500
3,674,000
89,000
2,393,000
4,000,000
2,500,000
1,241,000
215,000
5,680,000
3,000,000
7,432,000
2,840,000
6,565,000
2,416,000
25,340,000
4,755.000
1,360,000
1,106,500
4,773.000
225,000
50,000

$

4,623,000
11,486,000
3,198,000
123,000
541,000
3,505,000
3,804,500
3,674.000
89,000
2,393,000
4,000,000
2,500,000
1,239,000
215,000
5,680,000
3,000,000
7,432,000
2,840,000
6,565,000
2,391,000
25,340,000
4,755,000
1,360,000
1,106,500
4,773,000
225,000

S

2,535,000
11,299,000
3,126,000
123,000
540,000
3,505,000
3.804,500
3,674,000
89,000
2,393,000
4,000,000
2,500,000
1,235,000

S

28,000
11,299,000
3,012,000
123,000
540,000
3,505,000
3,804,500
3,674,000
89,000
2,393,000
4,000,000
2,500,000
1,233,000

8,000
11,299,000
2,842,000
105,000
540,000
3,505,000
3,804,500
3,674,000
89,000
2,-593,000
4,000.000
2,500.000
1,197,000

$

$

$

11,299,666
2,675,000

11,299,000
2,097,000

11,298,000
162,000

540,666
3,505,000
3,804,500
3,674,000
69,000
2,393,000
4,000,000
2,500,000
1,181,000

444,000
3,505,000
3,796,500
3,674,000
89,000
2,393,000
4.000,000
2,500,000
1,124,000

421,000
?3,505,000
[3,736,500
J2,238,000
89,000
2,391,000
4,000,000
2,500,000
766,000

5,680,000
3,000,000
7,432,000
2,840,000
6,565,000
2,366,000
25,340.000
4,755,000
1,360,000
1,106,500
4,748,000
225,000

5,680,000
3,000,000
7,432,000
2,840,000
6,565,000
2,341,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
225,000

5,680,000
3,000,000
7,432,000
2,840,000
6,565,000
2,316,000
25,340,000
4,755,000
1,360,000
1,106,500
4,'.48,000
1,200

5,680,000
3,000,000
7,432,000
2,840,000
6,565,000
2,291,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000

5,680,666
3,000,000
7,432,000
2,840,000
6,479,000
2,270,000
25,340,000
4.755,000
1,360,000
1,106,500
4,748,000

5,680,000
3,000,000
7,432,000
2,840,000
6,309,000
2,249.000
25,340,000
4.755,000
1,360,000
1,106,500
4,748,000

Real Estate 5 p. c. M. Bds
Real Estate 5j>. c. M. Bds

1st M. 6 p. c. FT & S. R. Bds.
Inc. 6p.c. Fargo & S.R. Bds.
Inc. S. Fund 5 p.c. Con. Eds.

istM.5p.c.(H. &D.DV.EX )

IstM. 5 p.c. (Ch.& M.R.Dv.)
Dak.& Gt. So. Ry.5 p.c.Bds.
Gen. Mtge. 4 p. c. Bonds .
Con.Conv'tM.(C.M.& St.P.)
1st M. Mil. & No. 6 p. c. Bds.
Coneol.Mtg.es, M.&No.RR.

Total

1,250,000
200.000
1,920,000
990,000
3,083,000
2,856,000
8,102,000

1,250,000
200,000
1,840,000
990,000
3,083,000
2,856,000
12,720,000

1,250,000
200,000
1,760,000
990,000
3,083,000
2,856.000
14,629,000
186,000

1,250,000
37,500
1,680,000
990,000
3,083,000
2,856,000
19,130,000
186,000

1,250,COO

1,250,000

1,250,000

1,250,000

1,600,000
990,000
3,083,000
2,856,000
20,488,800
186,000
2,155,000
5,092,000

1,520,000
990,000
3,083,000
2,856.000
21,411,000
186,000
2,155,000
5,092,000

1,444,000
990,000
3,083.000
2,856,000
22,173,000
186,000
2,155,000
5,092,000

1,368,000
990,000
3,083,000
2,856,000
24,857,000
185,000
2,155,000
5.092,000

125*93,000

129.797,000

129,195,000

130,805,500

138,801,000

139,321,000

139,161,000

137,762,000

POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST. PAUL BY. CO. 399

Statement of bonds and stocks owned by the Chicago, Milwaukee and St. Panl Ry. Co.
on June 30, 1897, and the income or interest received therefrom for the past fiscal year:

STOCKS OWNED.

Total
Par
Value.

Rate.

Valua-
tion.

BONDS OWNED.

Total
Par
Value.

Rate.

Valua-
tion.

Railway Stocks.
Kansas City Belt Ry. Co
Minnesota Transfer Ry. Co. . .
Minneapolis Eastern Ry. Co. .
Minneapolis* St.LonisRy.Co.
Chicago Union Trans. Ry. Co.
Milwaukee & North. Ry. Co. .
Elgin, Joliet & East. RR. Co.
Lisbon,Neced'h& L.Su.Ry.Co
Oshkosh & Miss.River Ry. Co.
Chic., Mil. & St. P. Ry. Co. . .

8
20,000
7,000
15,000
2,500
40,000
6,157,850
400,000
25,000
138,900
4,700

p.c.

$
20,00000
7,00000
15,00000
72000
40,00000
30,78925
4,00000
12500
69460
4,70000

Railway Bonds.
Minnesota Transfer Ry. Co. . .
Minneapolis Eastern Ry. Co..
Kansas City Belt Ry. Co
,C.,M. & St. P. Ry. Co

$

112,000
75,000
14,000
4,744,000

p.c.
5

6

112.000
60,000
14,000
4,744,000
1,089,000

JMil. & No. RR. Co

1,089,000

6

Totals

Other Bonds.
City of Ottumwa, la

6,034,000

24,000
1,500
10,000
8,500
5,000
1,000

4

6
.......

6
6

6,019,000

24,000
1,500
100
2,500
2,500
250

Other Stocks.
Braceville Coal Co
Excelsior Coal Co
St. Panl Union Depot Co
Merrill Boom Co

6,810,950

100,000
150,000
43,750
44,240

""<s"

123.028 75

100,00000
150,00000
43,75000
44,24000
69,90000
19,25000
46,666 67
61,00000
10000
10000
50000
20000

Village of Flandreau, S. D. . .
Town of Ortonvllle, Minn
Town of Graceville, Minn
Town of Tarah, Minn

Totals
Grand Totals

47,000

27,850

Tomahawk Land & Boom Co.
St.Paul Wareh'se & Elev'r Co.
Council Bluffs Union Elev.Co.
Mil waukee Land Co
Milw. Industrial Exposition. .
Minn. Industrial Exposition. .
Lake Madison Chautau. Ass'n
Spirit Lake Chautauqua Ass'n
Totals .'

69,900
19,250
46,700
61,000
10,000
2,500
500
200

6,081,000

6,046,850

548,040

535,706 67

Grand Totals

7.358,990

658,73^ 42

The total income received from the above stocks aggregated for the past fiscal year
$4,757.92, and from the bonds, $14,440.41.

Statement of dividends paid by the company from its organization to the close of 1897 :

DATB.

COMMON STOCK.

PREFER'D STOCK.

DATE.

COMMON STOCK.

PREFER'D STOCK.

Rate of
Div'd.

Amount on
Which Paid.

®V

Amount on
Which Paid.

Kate of
DiT'd.

Amount on
Which Paid.

p.c.
31
31
31
3*
31
31
31

1

31
31
31.
31
31

31
3*
3.J
3}
31
31
3J
31
31

Amount on
Which Paid.

1867

p.c.

$

1
*10
7

7
7
7

tr

t7
t7
t!4
3*
3*
31
3*
3*

3}
31
31
3*
3}
31
31
3}
31

3}

$

8,050,892
8,188,272
8.188.272
9,744,268
9,744,268
10,425,103
10,825,719
10,825,779
12,274,483
12,274,483
12,274,483
12,274,483
12,274,483
12,274,483
12,2:9.483
12,270.483
12.279,483
12,279,483
12,279,483
12,279,483
12.404,483
12,404,483
14,401,483
14,401 ,483
15,105,4&3
16,447.483
16,540.933
16,540,983
16,540,983

1885— Apr. 30.
Dec. 31 .
1886— Apr. 30.
Dec. 31.
1887— Apr. 15.
Oct. 14.
1888- Apr. 23.
Oct 22

p'ici

2*
2*

21
21
21

$

30,904,261
30,904,261
30,904,261
30,904.261
30,904,261
38,982,171
38,982,761
39,868,961

$

16,540,983
16,540,983
21,540,900
21,540,900
21,555,900
21,596,900
21,596,900
21,610.900
21,610,900
21,610,900
21,615.900
21,&39,900
21,935,900
22,198,900
22,732,900
24,364,900
25,673.900
25,767,900
25,923,900
25,973,900
25,991,900
26,156,900
26,594,900
26,895,900
27,285,900
29,054,900
31,066,400

1869— Feb. 15

Feb. 15
18rO— Feb. 15
Feb. 15
Dec. 31
1871 Dec. 31

*14
3

*7
*7

5,554,599
7,665.104
7,665,104
10,422,878

1872— Dec. 31

1873 -Dec. 31

1889— Apr. 26

1874— Dec. 31.. ..

Oct. 21

1875— Dec. 31

1890— Apr. 16 .

1876—

Oct. 22

1891— Apr. 12

1877— Oct. 15. ...

Oct. 22
1892— Apr. 19

1878— Jan. 25

Apr. 10

Oct. 20.
1893- Apr. 19.
Oct. 20
1894— Apr. 19.
Oct. 22.
1895— Apr. 19.
Oct. 21,
1896-Apr. 20.
Oct. 21.
1897— Apr. 19.
Oct. 21.
1898— Apr. 19.

2
2
2
2
2
1
1
2
2
2
3

45,957,691
45,957,691
45,957,691
45,957,691
46,027.261
46,027,261
46,027,261
46,027,261
46,027,261
46,027,261
46,027,261
46,026,600

Oct. 15

1879— Apr. 15

Oct. 15...
1880— Apr. 15.
Oct. 15.
1881— Apr. 15.
Oct. 15.
1882— Apr. 15.
Oct. 16.
1883— Apr. 16.
Oct. 16.
1884— Apr. 16. . .
Oct. 16. ..

15,404.261
15,404,261
15,404,261
15,404,261
15,404,261
20,404.261
20,404,261
27,904.281
30,904,261
30,904,261
30,904,261

* Stock dividends, t Paid from an issue of consolidated bonds.

400 POOK'S MANUAL OF KAILROADS— EAILROAD "SYSTEMS."

Board of Directors, elected Sept. 18, 1897.

Philip D. Armour Chicago, 111.

August Belmont.New York, N. Y.

Augi

Frank S. Bond..

Chas. H. Coster..

Charles D. Dickey Jr. New York, N.Y.

Peter Geddes "

Frederick Layton. .Milwaukee, Wis.
Chas. W. Harkness . . New York, N. Y.

Joseph Milbank . . .New York, N. T.

Roswell Miller Chicago, 111.

William Rockefeller. New York, N.Y.
Samuel Spencer "

Alfred Van Santvoord New York, N. \ .

ROSWELL MILLER, President Chicago, III.

Frank S. Bond, Vice- President New York, N. Y.

A. J. Barling, 2d Vice -President Chicago, 111.

Treasurer— F. G. Ranney Chicago, 111.

Secretary— P. M. Myers Milwaukee, Wis.

Asst. Secretary— 3. M. McKinlay New York, N. Y.

General Auditor— W. N. D. Winne Chicago, 111.

PRINCIPAL OFFICE AND ADDRESS Chicago, 111.

Financial Office No. 30 Broad Street, New York, N. Y.

CHICAGO, BOCK ISLAND AND PACIFIC RAILWAY COMPANY.

(For map of this system, see p. 401.)

( Chicago, 111., to Council Bluffs, la 500.20 miles.

, Elwood to Liberal, Kan .439.54

Mam Lines of Road : \ Herington Kan. to Terral, Ind. Ter 349.07 "

[Horton, Kan., to Roswell, Col 568.65 "

Kansas Branch : Davenport, la., to Atchison, Kan 341.24 m.

Leavenworth Branch : Edgerton June., Mo., to Leavenworth, Kan. 20.16 m.

Oskaloosa Branch : Washington to Knoxville, la 79.00 in. — 441.40

Other Branches :

South Englewood to S. Chicago, 111 7.43 m.

Wilton to~Muscatine, la 12.04 m.

Wilton to Lime Kiln, la 6.08 m.

Newton to Monroe, la 17.02 m.

DCS Moines to Indianola and Winterset, la. 47.08 m.

Menlo to Gnthrie Centre, la 14.44m.

Atlantic to Audubon, la 24.41 m.

Atlantic to Griswold, la 14.22 m.

Avoca to Carson, la 17.73 m.

Avoca to Harlan, la 11.88 m.

Mt. Zion to Keosauqua, la. ..... 4.50 m.

Altamont to St. Joseph, Mo 49.35 m.

So. St. Joseph to Rushville, Mo. 15.21 m.
Kansas City, Mo , to Armour-
dale, Kan 2.40 m.

South Omaha to Jansen, Neb — 104.30 m.

Herington to Salina, Kan 49.30 m.

Fairbury to Nelson, Neb 51.54 m.

McFarland to Belleville, Kan. . .103.98 m.

Dodge Citv to Bucklin, Kan 26.64 m. — 578.54

(Peo. & Bur. Vy. RE.: Bureau, 111., to Peoria, 111. . 40.99 m.
Leased Lines : \Keo. & D. Moines RR.: Keokuk to D. Moines, la. .162.20 m.

(Des Moines & Ft. Dodge RR.: (details, see page 405). 143.51 m.— 352.70 "
r Hannibal & St. Joseph RR.: Cameron to Kan. City, Mo. 54 30 m.
(Council Bluffs, la., to So. Omaha,' Neb. . 7.02 m.
Trackage : -I Union Pac.: -JKan. City, Mo., to North Topeka, Kan. . 67.35 m.

( Limou to Denver, Col 89.78 m.

[Denver and Rio Grande : Denver to Pueblo, Col 119.60 in.— 338.05 "

Total length of all lines owned, leased and operated, March 31, 1898 3,568.15 miles.

2d track, 204.94 m.; 3d track, 9.43 m. ; sidings, 709.19 miles. Gauge, 4 ft. 8£ in. Steel
rails (lines owned, 2,792.14 m.; leased lines, 327.66 m.), 3,119.80 miles.

History. — Consolidation of various lines in June, 1880. The St. Joseph and Iowa RR.
and the Kansas City and Topeka Ry. were purchased Jan. 1, 1889, and the Chicago, Kansas
and Nebraska Ry. in April, 1891. (See MANUALS for 1892 and 1896.) /

The work of elevating the track in Chicago was completed during the year from 46th
Street to 59th Street. The expense of this work is shared jointly with the L. S. & M. S. Ry.
Co. Of the work done during the past year this company's proportion of cost was $254,000.49.
The mileage of road in Chicago now covered by track elevation is 3.97 miles, leaving 2.64
miles yet to be elevated, under the requirements of the city ordinance dated July 9, 1894.

The bridge at Rock Island having become too small to accommodate the increased traffic,
both for the railroad and public travel, the National Government, being joint owner with
this company of the old bridge, by act of Congress approved March 2, 1895, authorized the
construction of a new double-deck bridge, large enough to allow the company to double track
the structure. Work was commenced in Nov., 1895, and completed in Dec., 1896. The
bridge is entirely of steel and iron, 1,850 feet long. The company's proportion of the cost of
the new bridge was $305,732.64 ; of which amount $157,500 was charged to repairs of bridges

402 POOR'S MANUAL OF EAILROADS — RAILROAD "SYSTEMS."

and $148,232.64, representing the additional cost due to making a double-track structure, to
construction account.

During the past year track elevation in Chicago was extended a distance of 1.11 miles,
the expense of the work, $375,594.14, being borne by the Lake Shore and Michigan Ry. Co.,
and this company, each one-half ($187,797.07). The length of track now elevated in Chicago
is 5.8 miles.

Under a contract with the Pullman's Palace Car Co., entered into Jan. 1, 1880, this com-
pany owned one-half interest in 41 sleeping cars and 9 tourist cars. That contract having
expired, a new one was entered into Feb. 1, 1898, whereby this company sold to the Pull-
man Co. all interest in the above-mentioned cars ; the amount received being credited to
cost of equipment.

With the Chicago, Rock Island and Texas Ry. Co. this company has financial and traffic
agreements under which it supplies all funds necessary to build and equip the Texas road,
in consideration of receiving all the stock and bonds of the Texas company ; the bonds being
issued at the rate of $15,000 per mile of completed road, with an additional amount for equip-
ment, equal to the cost of same, but not exceeding $5,000 per mile.

Rolling Stock, March 31, 1898. — Locomotives, 564. Cars — passenger (coaches, 299 ;
dining, 9 ; officers', 6), 314 ; baggage, etc. (including 12 postal), 97 ; freight (box, 10,726 ;
stock, 2,356 ; flat and coal, 2,956 ; drovers, caboose, and other cars, 350), 16,388 ; gravel, hand,
and other cars, 1,468— total cars, 18,267.

Operations, year ending March 31, 1898. — See tabulated statement on page 404.

Earnings— Passenger $4,316,817 18

Freight 13,835,995 09

Mail and Express 976,425 72

Rents and Telegraph 419,345 60

Total ($5,047.86 per mile) $19,548,583 59

Expenses — Conducting Transportation... $6,469,553 93
Maintenance of Equipment... 1,710,854 75

Maint. Way and Structures 2,968,740 66

General and Taxes 1,446,816 61

Total ($3,530.11 per mile) $12,595,965 95

Net earnings (35.57 p. c.), $6,952,617.64; add income from loans and investments, $470,-
785.03 ; net land receipts, $9,000— total, $7,432,402.67. Payments : Interest on bonds, $3,-
320,450 ; rentals leased lines (Keokuk and Des "Moines Ry., $137,500 ; Peoria and Bureau
Valley RR., $125,000; Des Moines and Fort Dodge RR., $151,325.13; trackage rentals,
$257,740.36), $671,565.49; rentals and tolls, Missouri River bridges, $117,996.73; dividends
(May and Aug., 1897, J p. c. each ; Nov., 1897, and Feb., 1898, 1 p. c. each), $1,384,674— total,
$5,494,686.22. Surplus for year, $1,937,716.45 ; surplus forward, $2,603,111.38— total, $4,-
540,827.83. Deduct premium on $10,000 5 p. c. extension and collateral bonds purchased for
account of sinking fund, $537.28. Surplus, April 1, 1898, $4,540,290.55.
General Balance Sheet, April \, 1898.

Capital Stock $46,156,000 00

Cost of Road and Equipment, incl. Brs.$103,967,158 64

Cost Track Elevation, Chicago 789,65449

Cost of Railroad Br. at Rock Island 964,128 96

Cap. Stock and B'ds of Connect. Roads. 6,212,292 87

Leans and Other Investments 559,857 55

Advances to C., R. I. & Tex. Ry. Co... 1,956,961 43

C., R. I. & P. Ry. Co. Cap. St'k on Hand 12,100 00
Six p. c. C., R. I. & P. Ry. Co. Mtge.

Bonds on Hand 400,000 00

S. F. 1st Mtge. Ext. * Coll. 5 p. c.

Bonds Purchased for Sinking Fund. . . 328,000 00

Stock of Material, Fuel, etc., on Hand. 690,330 92

Accounts Receivable and P. O. Dues.... 1,142,057 61

Cash and Cash Assets 5,850,48988

Total Assets $122,873,032 35

Funded Debt 57,712,000 00

Chic., & So. W. Ry. Bonds, Guaranteed 5,000,000 00

Addition and Improvement Account... 8,213,000 00

Accounts Payable 1,251,741 80

Profit Balance of Income Account 4,540,290 55

Total Liabilities $122,873.032 35

The fixed amount of capital stock is $50,000,000, of which $46,155,800 was paid up at
the close of the fiscal year. The amount shown in the general balance sheet included $200
of fractional scrip, convertible into stock. Since the close of the fiscal year the reserved stock
has been issued to stockholders in the shape of a dividend, as shown hereafter.

Funded Debt consisted, April 1, 1898, of the following:

1st mtge. 6 p. c. 40-yr. cy. bonds, due July 1, 1917, interest Jan. and Jnly, conp., I «10 ^ -^ J $4,570,000

1st mtge. 6 p. c. 40 yr. cy. bonds, due July 1, 1917, interest Jan. and July, registered, f »»t»W,W»i 7^930,000

ixtengion and coll. 5 p. c. 50-yr. coup. cy. bonds, due July 1, 1934, interest Jan. & July, ) .„ .,,„ ^^ j 35.287,000

Extension and coll. 5 p. c. 50-yr. reg. cy. bonds, due July 1, 1934, interest Jan. & July, ( «MMi«» i 5,425,000

Debenture 5 p. c. 30-yr. cy. bonds, due Sept. 1, 1921, interest March and Sept., coup., I A fjVtnnn\ 4.375,000

Debenture 5p. c. 30 yr. cy. bonds, due Sept. 1, 1921, interest March and Sept., registered, I 4,500,000 ^ 125.000

C. &S. W. astintge. 7 p. c. 30-yr. cy. bonds, due Nov. 1, 1899, interest May and Nov 5,000,000

POOR'S MANUAL — CHICAGO, BOCK ISLAND AND PACIFIC BY. CO. 403

The 1st mtge. bonds are a lien on all lines owned by the company (737 m.), except those covered by .
the extension and collateral and the Chicago and Southwestern bonds (see below). They are $1,000 coupon
bonds, convertible in sums of $5,000 into registered bonds. Interest payable at the New York office of the
company. Trustee: United States Trust Co., New York.

The extension and collateral bonds are authorized at the rate of $15,000 per mile for single track,
$5,000 per mile for equipment, and $7,500 additional per mile for double track. The bonds are redeemable
in numerical order, beginning with the lowest number, after July 1, 1894, at 105 and interest. They are
$1,000 coupon bonds, convertible in sums of $5,000 into registered bonds, at the option of the holder. The
original issue was $40,712,000, but $318,000 have been taken up for account of sinking fund. Of the bonds,
$7,214,000 are secured by equipment; $1,200,000 by terminals at Kansas City, including a bridge over the
Kansas River and about 10 miles of railroad tracks, and the balance by 1st mtge. on 1,853.17 miles of rail-
road, as shown in the MANUAL for 1896, page 485; also upon all extensions or branches hereafter to be built,
and by deposit of $3,228,000 1st mtge. 6 p. c. bonds of the Wisconsin, Minnesota and Pacific Ry. Co., and
$1,365,000 C., R. I. & T. Ry. Co. 6 p. c. bonds. Trustee: United States Trust Co., New York. Interest pay-
able at the company's office in New York.

The debenture bonds are for $1,000 each, in coup, and reg. forms; auth., $10,000,000; interest payable
at the company's office, New York. These bonds were issued to pay for terminals and betterments as needed,
and they are redeemable any coupon day on notice at 105. Trustee: United States Trust Co., New York.

The C., R. I. & P. guarantees the principal and interest of the bonds of the Chicago and Southwestern
Ry., formerly the Iowa Southern and Missouri Northern, and now an integral part of the C., R. I. & P. Ry.
These bonds are secured by a 1st mtge. on the old C. & S. W. RR., from Washington, la., to a point on the
Missouri River, opposite Leavenworth, Kan., 268 miles. They are in coupon form, for $100, $500, or $1,000
each. Interest payable at New York office of C., R. I. & P. Ry. Co. A sufficient amount of the extension
and collateral bonds is reserved to retire these bonds at maturity. Trustee: United States Trust Co., New
York.

Under date of Jan. 1, 1898, the company executed a mortgage to the Central Trust Co.
of New York and George Sherman, as trustees, to secure an issue of $100,000,000 gen. mtge.
gold bonds, to be used in retiring all outstanding bonds of the company and in providing for
additions, betterments, and extensions and for the acquisition of connecting roads. The
bonds are in coupon and registered forms, coupon bonds being for $1,000 each, and registered
bonds for $1,000 and $5,000. Coupon bonds may be registered as to principal only or con-
verted into full registered bonds. The bonds will mature Jan. 1, 1988, and will bear interest
at not exceeding 5 p. c. per annum payable Jan. and July ; principal and interest payable in
gold, free of all present or future taxes. They are secured on tbe entire property and assets
of the company now held or which may be acquired hereafter. In Jan., 1898, a contract was
made for the sale of $52,000,000 of these bonds, bearing interest at 4 p. c. per annum, the
proceeds to be used in retiring the extension and collateral bonds, the debentures and the
Chicago and Southwestern 1st mtge. bonds. The extension and collateral bonds were
called for payment April 30, 1898, and practically all of them have been surrendered. About
$2,500,000 of the debentures have been also surrendered for exchange, and the balance is
called for payment at 105 p. c., Sept. 1, 1898. The Chicago and Southwestern bonds will
mature and be paid off Nov. 1, 1899. Up to June 15, 1898, there had been issued of the new
gen. mtge. bonds $43,110,000.

DIVIDENDS. — Statement showing the dates and rates p. c. of all dividends paid by the
C., R. I. & P. Ry. Co. since its organization :

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

1866

Oct. 10

5

1876

April 27

4

1881

Feb. 1

1*

1885

Aug.

H

1890

Feb. 1

1

1894

Aug. 1

1

1867

April 9

5

Oct. 27

4

May 1

if

Nov.

If

May 1

1

Nov. 1

I

Oct. 19

5

1877

Feb. 1

2

Aug. 1

H

1886

Feb.

If

Aug. 1

1

1895

Feb. 1

1868

Sept. 1

10

May 1

2

Nov. 1

If

May

If

Nov. 1

1

May 1

i

1869

April 10

5

Aug. 1

2

1882

Feb. 1

if

Aug.

If

1891

Feb. 1

1

Aug. 1

i

Oct. 18

8t

Nov. 1

2

May 1

if

NOT.

If

May 1

1

Nov. 1

i

1870

April 9

3i

18V8

Feb. 1

2

Aug. 1

If

1887

Feb.

H

Aug. 1

i

18%

Feb. 1

i

Oct. 17

4

May 1

2

Nov. 1

if

May

If

Nov. 1

*

May 1

1871

April 11

4

Aug. 1

2*

1883

Feb.

1*

Aug.

H

1892

Feb. 1

1

Aug. 1

i

Oct. 20

4

Nov. 1

2*

May

H

Nov.

H

May 1

1

Nov. 1

i

1872

April 22

4

1879 Feb. 1

2*

Aug.

If

1888

Feb.

if

Aug. 1

1

1897

Feb. 1

Oct. 21

4

May 1

2i

Nov.

if

May

H

Nov. 1

1

May 1

*

1873

April 26

4

Aug. 1

2i

1884

Feb.

U

Aug.

H

1893

Feb. 1

1

Aug. 1

Nov. 26

4

Nov. 1

2J

May

1!

Nov.

H

May 1

1

Nov. 1

1

18T4

April «•

4

1880 Feb. 1

2i

Aug.

It

1 889

Feb.

1

Aug. 1

1

1898

Feb. 1

1

Oct. 27

4

jMay . 1

2J

Nov.

If

May

1

Nov. 1

1

May 1

1

1875

April 23

4

Aug. 1

If

1885

Feb.

If

Aug.

1

1894

Feb. 1

1

Oct. 23

4

Nov. 1

If

May

If

Nov.

1

May 1

1

From 1880 to 1885 sums aggregating about $7,000,000, for which no stock or bonds were
issued, were expended out of the current earnings of the company, in extensions and per-

404

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

manent improvements. These sums were carried to Addition and Improvement Account,
and obligations of the company, called addition and improvement bonds, were deposited
with the treasurer, by which the company pledged itself to repay those sums to the stock-
holders, either in stock or in cash at its election. It has now been determined to discharge
these obligations by distribution to stockholders of record July 1, 1898, of the reserved
shares of the capital stock of the company not heretofore issued, and of certain shares held
in the treasury, together amounting to 10 p. c. on each stockholder's holdings, and by the
further payment quarterly on each dividend day beginning Aug. 1, 1898, to stockholders of
record July 1, 1898, and continuing until the obligations are fully paid, of a special divi-
dend, in addition to the regular dividend, of 3^ of 1 p. c. quarterly on the capital stock then
outstanding. This, with the above distribution, will amount to $50,000,000.

Statement of operations and of capital account for seven years ending March 31 :

1892

1893

1894

1895

1896

1897

1898

A.ver. Miles Operated. . .

3,455.82

540

315
87
15,523
6,209,803
9,588,666
19,710,557

5,453,023
218,913,492
6,796,671
1,167,150,260
$
5,216,761
12,289,636
1,305,879

3,528.72

552
370
92
17,377
6,983,399
10,661,686
22,800,255

6,024,272
264,874,980
7,479,297
,264,387,796

s

5,843,146
13,302,196
1,885,768

3,570.83

564
370
92

17,357
6,601,512
10,898,552
22,174,795

5,768,442
329,360,986
7,056,590
1,288,576,685
$
6,538,568
12,852,979
1,690,565

3,571.41

564
370
92
17,369
5,510,097
8,866,103
18,461,128

4,611,127
193,153,346
6,227,105
1,071,763,263
$
4,33P,053
11,206,686
1,876,078

3,571 41

564
370
92
17,781
5,596,064
7,510,857
16,789,017

5,131,406
204,045,426
6,394,520
1,078,846,776

4,445,953
11,159,100
1,754,600

3,571.41

564
361
95
17,836
5,504,629
7,437,841
16,632,587

4,723,218
178,084,817
6,492,168
1,175,517,765
$
4,072,127
11,229,175
1,845,350

3,568.15

564
314
97

17,856
5,588,191
8,387,6.50
18,182,984

4,925,034
196,837,343
7,755,715
1,421,433,866
$
4,316,817
13,835,995
1,395,771

Passenger Cars

Baggage, Mail, etc.,Cars
Freight etc , Care...... .

Passenger Train Miles. .
Freight Train Miles —
Total Engine Miles

Passengers Carried
Passenger Miles
Freight (tons) Moved. . .
Freight (ton) Miles

Passenger Earnings
Freight Earnings

Mail, Express, etc

18,812,276
15,147,057

21,031,110
15,088,688

21,082,112
14,977,479

17,420,817
12,682,261

17,359,653
11,866,594

17,146,652
11,613,827

19,548,584
12,595,966

Expenses and Taxes
Net Earnings

5,655,219

125,000
793,664
2,463,325
350,000
(8) 1,384,674

5,44364
3,804 32
1,63932
69. 89 p. c.
2.30 c.
1.05 c.

(2,725.48 m.)
$
46,156,000
55,352,000
8,213,000
1,552,509
819,172

5.947,422

125,000
735,168
2,688,786
350,000
(4) 1,846,232

5,959 98
4,274 55
1,68543
7 1 .72 p. c.
2.11 c.
1.05C.

(2,879.84 m.)

46,156,000
59,490,000
8,213,000
1,283,645
1,020,993

6,104,633

125,000
725,077
2,849,825
350,000
(4) 1,846,232

5,72272
4,19440
1,52832
73.29 p. C.
1.90C.
l.OOc.

(2,880.70 m.)
$
46,156,000
61,218,000
8,213,000
1,021,690
1,229,492

4,738,555

125,000
727,208
2,968,525
350,000
(3) 1,384,674

4,877 85
3,271 05
1,60680
72.80 p. c.
2.15 c.
1.05c.

(2,880.70m.)

46,156,000
62,712,000
8,213,000
617,529
1,582,039

5,493,059

125,000
659,986
2,972,525
350,000
(2) 923,116

4,860 73
3,042 66
1,818 07
68.36 p. C.
2.09 c.
1.03c.

(2,880. 70m.)
$
46,156,000
62.712,000
8,213,000
594,907
2,082,631

5,533,825

125,000
655,947
2,971,525
350,000
(2) 923,116

4,801 09
3,251 61
1.549 48
67.73 p. C.
2.19 c.
0.96 c.

(2,880. 70m.)
S
46,156,000
62.712,000
8,213,000
536,992
2,603,111

6,952,618

125,000
664,562
2,970,450
350,000
(3) 1,384,674

5,047 86
3,530 11
1,517 75
64.43 p. C.
2.10c.
0.97 c.

(2,877.40 m.)

46,156,000
62,712,000
8,213,000
1,251,742
4,540,290

Rental P. *B.V.RR..
Other Rental?, etc ....

Interest Mtg.& ITeb.Bds.
Int.C. &S.W. Ry. Bds.
Dividends

Gross Earnings p. M. .
Gross Expenses p. M.
Ket Earnings perMile.
Expenses to Earnings.
AT. Rate p. Pass. p. M.
Av. Rate p. Ton p. M..

General Balance*
Capital Stock

Funded Debt.

Improvement Account.
Sundry Account

Profit and Loss

Total Liabilities . . .

Roads and Equipment.
Rock Island Bridge
Stocks, Bonds, etc
Materials and Fuel
Advances

112,092,681

97,940,723
758,526
10,611,306
1,206,137

116,163,638

102,061,597
758,526
10,343,525
1,467,322
308,985
1,223,683

117,832,182

103,152,706
758,526
9,906,385
1,245,230
1,871,450
897,885

119,280,568

103,520,001
815,896
7,368,019
991,369
1,956,962
4,628,321

119,758,538

103,979,862
815,896
7,471,823
871,338
1,956,962
4,662,657

120,221,103

104,492,615
964,129
7,493,486
1,050,053
1,956,961
4,263,859

122,873,032

104,756,813
964,129
7,512.250
690,331
1,956,961
6,992,548

Cash and Accounts
Total Property, etc

1,575,989

112,092,681

116,163,638

117,832,182

119,280,568

119,758,538

120,221,103

122,873,032

* Includes number of miles run by switching trains, 2,8?0,406.

LAND DEPARTMENT. — The company has received under the congressional grants, 550,-
193.51 acres. Total sales to March 31, 1898, equalled 549,281.71 acres. The conveyances to
which the title is undisputed, during the year ending March, 1898, were 288.61 acres for
$4,620.80, an average of $16.01 per acre ; and by quit-claim, 394.50 acres for $46.25 ; total from

POOR'S MANUAL— CHICAGO, ROCK ISLAND AND PACIFIC SYSTEM. 405

sales of land, $4,667.05. Lands unsold April I, 1898, 911.80 acres. The bills receivable
have been decreased by collections during the year, so that they now stand at $20,170.17, or
$9,406.88 less than at last report. The amount of interest and rent collected was $2,358.82.
On land and lots unsold, Jan. 1, 1898, the taxes have amounted to $415.91. Remitted to
Chicago during the year for sales and collections, $9,000.

RAILROADS LEASED, CONTROLLED, OR OPERATED BY C., R. I. & P. RT. Co.

!>«•* Moines and Fort Dodge UK. i

Moines to Fort Dodge, la., 88.51 m.; Tara to Rutb-
ven, la., 55 m.; total, 143.51 m.; total track (steel,
137.83 m.), 162.67 miles. Rail, 56 Ibs. The tracks of
the Illinois Central are used between Tara and Fort
Dodge Junction, 5 miles. Organized Jan., 1874, and
succeeded to that portion of Des Moines Valley RR.,
from Des Moines to Fort Dodge, which was sold
under foreclosure Oct. 17, 1873. The Ruthven Exten-
sion was built in 1882. Leased to the C., R. I. & P.
Ry. Co. on Jan. 1, 1887, for 18 years (covering the
life of its mortgage bonds), at 30 p. c. of gross earn-
ings, guaranteed to equal 4 p. c. on 1st mtge. and
ext. l>onds, and 2J p. c. on 2d series bonds. Dividends
have been paid on preferred stock as follows: Aug.
1, 1893, 2 p. c.; Aug. 1, 1894, 4 p. c.; Aug. 1, 1895,
4 p. c.; Aug. 1, 1896, 6 p. c. ; Aug. 1, 1897, 6 p. c.
Income Account, year ending Dec. 31, 1897.— Rental
from lessee for year, $151,325; income, $4,190— total,
$155.515. Payments: Interest on bonds, $104,880;
dividends on preferred stock (6 p. c.), $45,756; mis-
cellaneous expenditures, $838— total, $151,474. Sur-
plus. $4,041. Capital stock (common, $4.283.000; pre-
ferred, $763,500), $5,046.500; funded debt (1st series
mtge. 4 p. c. 30-yr. coup, bonds, due Jan. 1, 1905,
interest Jan. and July, $1,200,000; 2d series income
mtge. 2J p. c. bonds, due Jan. 1, 1905, Interest Jan.
and July, $1,200,000; Ruthven Extension 4 p. c.
bonds, due 1905. interest Jan. and July, $672.000),
$3.072.000; unfunded debt, $1,000; income balance,
$558,748— total, $8.678,248. Cost of road, etc., $8,-
605.175; D. M. & Ft. D. bonds in treasury. $2,000;
cash, $71,073— total, $8,678.248. Preferred stock is
entitled to dividends up to 7 p. c. and to share with
common stock in any dividend in excess of 7 p. c.
on both classes. Interest payable at 13 William St.,
New York. Trustee of bonds: Fanners' Loan and
Trust Co., New York, N. Y. Charles N. Gilmore,
Pres., Des Moines, la.; W. G. Purdy, Treas., Chicago.
111.; Carroll Wright, Sec., Des Moines, la. General
Office, Des Moines, la.

Keokuk and Des Moines RR.— Keokuk to
Des Moines, la., 162.20 m.; total track (steel, 150 m.),
184.20 miles. Rail, 52, 56, and 60 Ibs. (For history
see Manual for 1891.) Leased to the C., R. I. & P.
Ry. Co. for 45 years, from Oct. 1. 1878, at 25 p. c. of
gross earnings, guaranteed to equal interest on bonds.
Rental, year ending Sept. 30, 1897, $137,500; interest
on cash on deposit, $23— total, $137,523. Paid inter-
est on bonds, $137,500; expenses, etc., $29— total,
$137,529. Deficit, $6. Financial Statement, Sept.
30-, 1897.— Capital stock— common, $2,600,400; pre-
ferred, $1,524,600; funded debt, 1st mtge. 5 p. c.
45-yr. bonds, due Oct. 1, 1923, interest April and
Oct., $2,750,000; coupons unpaid, $1,423— total, $6,-
876,423. Contra: Cost of road, etc., $6.721,112;
other assets, $71,053; profit and loss, $83,658— total,
$6,876,423. The lessee owns 14,879 shares common
and 5,751 shares of preferred stock. Preferred stock
is entitled to dividends up to 8 p. c. per annum, if
earned after payment of interest on not exceeding
$2,750,000 of 5 p. c. bonds, and is entitled to share
pro rata with the other stock of the company "In
any excess of net earnings or Income over 8 p. c. per
annum." W. G. Purdy. Pres., Chicago, 111.; Geo. T.
Boggs, Sec. & Treas., New York, N. Y. General Of-
fice, Chicago, 111. New York Office, 13 William St.

Peoria and Bureau Valley RR. Co.—
Peoria to Bureau Junction, 111., 46.70 m.; total track
(steel, 46.70 m.), 57.40 miles. Incorporated Feb. 12,
1853. Leased in perpetuity, April 14, 1854, to the
C., R. I. & P. Ry. Co.; rental, $125,000 yearly. Pay-
ments, year ending June 30, 1897: Expenses, $1,270;
dividends (Aug. 10, 1896, and Feb. 10, 1897, 4 p. c.
each). $120.000— total, $121,270. Surplus, $3,730.
Capital stock (par. $100). $1,500,000; income balance,
$79.673— total, $1,579.673. Contra : Construction,
($33.500 per mile), $1,566,600; cash, $13,073— total,
$1,579,673. George T. Boggs, Pres.; W. A. Nash,
Treas., New York, N. Y.; J. F. Phillips, Sec., Chi-
cago, 111. General Office, Chicago, 111. New York
Office, 13 William St.

Board of Directors, C., R. I. & P. Ry. Co., elected June 1, 1898.

R. P. Flower New York, N. Y.

G. S. Brewster ... "
H. R. Bishop

Alexander E. Orr .New York, N. Y.
David Dows, Jr. ... "

Ogden Mills

H. H. Porter Chicago, 111.

Marshall Field Chicago, 111.

W. H. Truesdale " "

W. G. Purdy "

R. R. Cable Rock Island, 111.

>p

Henry M. Flagler..

F. H. Griggs Davenport, la.

Executive Committee.— R. R. Cable (Chairman), R. P. Flower, H. R. Bishop, Marshall
Field, W. G. Purdy.

R. R. CABLE, Chairman of the Board Rock Island, 111.

W. G. Purdy, President Chicago, 111.

W. H. Truesdale, 1st Vice-President and Gen. Manager "

H. A. Parker, 2d Vice-President

Asst. Treas. & Asst. Sec.—G. T. Boggs . New York, N. Y.

Asst. Treas.& Asst. Sec.—V. E. Hayne Chicago, 111.

Asst. Treasurer— C. F. Jilson Topeka, Kan.

PRINCIPAL OFFICE AND ADDRESS Chicago, 111.

Treasurer— J. F. Phillips Chicago, 111.

Secretary— George H. Crosby " "

Auditor— S. C. Matthews " "

CHICAGO, ROOK ISLAND AND PACIFIC SYSTEM.— CHICAGO, BOCK ISLAND

AND TEXAS RY. CO.

Line of Road.— Terral (State Line) to Fort Worth, Tex 92 miles.

Sidings, etc., 13.37 miles. Gauge, 4 ft. 8£ iu. Rail (steel), 60 Ibs.

History. — Chartered July 15, 1892. Road opened as above in July, 1893. Controlled by
the Chicago, Rock Island and Pacific Ry. Co. through ownership of stock. The company
owns no rolling stock, the necessary equipment being supplied by the C., R. I. & P. Ry. Co.

Operations, year ending June 30, 1897. — Train mileage— passenger, 118,989 ; freight,

406 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

254,092 ; other, 108,191— total, 481,272 miles. Passengers carried, 40,482 ; carried one mile,
2,008,413. Tons freight moved, 356,487 ; moved one mile, 29,794,383. Earnings— pa ssengo -,
$54,353.30 ; freight, $355,548.89 ; mail and express, $17,179.68 ; other, $936.40— to lal, $4~8,-
018.27. Expenses— transportation, $179,104.28 ; maintenance of equipment, $42,493.67 ;
way and buildings, $101,569.89 ; general, $31,770.58— total, $354,938.42. Net earnings,
$73,079.85. Paid interest on bonds, $81,900 ; on debt, $29,412.74 ; taxes, $8,020.15— total,
$119,332.89. Deficit, $46,253.04 ; surplus forward, $19,636.12 ; net deficit, $26,616.92.

Financial Statement, June 30, 1897.— Capital stock ($3,000,000 auth.; $150,400 sub-
scribed ; $100 shares), $7,520 ; funded debt, $1,365,000 ; bills payable, $490,212.33 ; current
accounts, $75,549.06— total, $1,938,281.39. Contra : Cost of road, $1,843,916.58 ; materials,
etc., $4,381.65 ; bills receivable, $11,023.07 ; current accounts, $28,620.21 ; cash, $23,722.96 ;
profit and loss, $26,616.92— total, $1,938,281.39.

Funded debt consists of 1st mtge. 6 p. c. 40-yr. cy. bonds, dated June, 1893, interest Jan.
and July. The bonds are authorized at the rate of $15,000 per mile for road, with an addi-
tional $5,000 per mile for equipment.

Directors (elected April 12, 1898).— L. G. Hastings, S. B. Hovey, Fort Worth, Tex. ; J.
H. Matthews, Z. T. Lowrie, Bowie, Tex.; J. T. Harris, Ringgold, Tex.; M. A. Low, C. H.
Thompson, Topeka, Kan.

M. A. Low, President Topeka, Kan.

S. B. Hovey, Vice- President and General Superintendent . .Fort Worth, Tex.
Secretary and Treat.— L. G. Hastings. . .Ft. Worth, Tex. | Auditor— M. V. Harris Ft. Worth, Tex.

PRINCIPAL OFFICE AND ADDRESS. Fort Worth, Tex.

CINCINNATI, HAMILTON AND DAYTON RAILWAY COMPANY.

(For map of this system see page 407.)

Main Line of Road.— Cincinnati, 0., to Dayton, O 59.93 miles.

Wdlston Division : Dayton, O., to Dean's, O 175.50 m.

Trackage : Iron RR., Dean's to Ironton, 0 12.50 m.— 188.00 "

Delphos Division : Dayton, O., to Delphos, 0 98.27 "

Leased : Dayton and Michigan RR.: Dayton to Toledo, O 142.10 m.

Home Avenue RR.: Dayton to Soldiers' Home, O 3.50 m.— 145.60 "

f Gin., Ham'n & Indianap. RR.: Ham'n, 0., to Ind's, Ind. 98.90 m.

Pro- Columbut. Findlay & North. RR.: Deshler to Fiudlay, O. 17.60m.

prietary < Bowling Oreen RR.: Tontogany to North Baltimore, O. . 21.00 m.

Lines : Piqua and Troy Branch RR.: Piqua to Troy, 0 8.30 m.

[ Cincinnati and Dayton RR.: Middletown to Hamilton, O. 14.00 m.— 159.80 "

Total length of lines operated June 30, 1897 651.60 miles.

2d track (owned), 27.80 m.; sidings (owned, 91.82 m.; leased, 66.84 m. ; proprietary, 40.28 m.),
198.94 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 and-67 Ibs.

History. — Consolidation, July 8, 1895, of the Cincinnati, Hamilton and Dayton, the Cin-
cinnati, Dayton and Ironton, and the Cincinnati, Dayton and Chicago RR. Cos. For particu-
lars relating to those companies and for terms under which each was taken into the
consolidation, see MANUAL for 1896, pp. 487 et seq.

The authorized capital stock is $16,000,000, of which $8,000,000 is 5 p. c. non-cumulative
preferred and $8,000,000 common stock. Of the former, $1,602,200 is reserved for exchange
for an equal amount of old 4 p. c. preferred stock outstanding, such exchange being at the
option or the holders.

Rolling Stock, June 30, 1897 (entire system). — Locomotives, 174. Cars — passenger, 123:
baggage, mail and express, 21 ; postal, 4 ; freight (box, 4,390 ; stock, 192 ; flat, 631 ; coal,
3,342 ; caboose, 57), 8,612 ; wrecking, 6— total cars, 8,766. Of this equipment, 632 box and
100 stock cars are leased.

Operations, year ending June 30, 1897 (entire system).— Train mileage— passenger, 2,-
118,086 ; freight, 1,702,749 ; other, 1,218,079— total, 5,038,914 miles. Passengers carried,

407

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

2,881,475 ;' carried one mile, 69,322,435 ; average mile rate, 1.81 cents. Tons freight moved,
4,136,385 ; moved one mile, 434,358,141 ; average ton-mile rate, 0.64 cent.

EARNINGS.

1896

1897

Passenger $1,500,507 94 $1,253.304 59

" "— <•"" Of 2,783,741 88
123,805 16
125,485 74
341,014 66

Freight 3,247,899 85

Mail 103,28647

Express 125,057 09

Miscellaneous 170,810 82

EXPENSES.

1896

Transportation $2,192,974 26

Maintenance of Equipment . 547,757 47
Maintenance of Way, etc. . . . 491,672 12

General 146,44721

Taxes 160,994 02

1897

$2,041,798 37
454,44454
415,807 73
136,473 68
180,157 30

Total Expenses $3,539,845 08 $3,228,681 02

Expenses per Mile 5,432 54 4,9'5 01

Total Earnings $5,147,502 17 $4,627,352 03

Earnings per Mile 7,890 88 7, 101 52

Net earnings, 1897 (30.23 p. c.), $1,398,670.41. Payments : Interest on bonds (C., II. &
D. RR., |584,570 ; D. & M. RR., $136,400 ; C., H. & I. RR., $126,000), $846,970; dividends on
preferred stock (C., H. & D. RR., $383,033.40 ; D. & M. RR., $96,900), $479,933.40; dividends
on common stock, D. & M. RR., $84,106.75— total, $1,411,010.15. Deficit, $12,339.74.

Statement showing, by divisions, the gross earnings, expenses, net earnings and pay-
ments therefrom of all lines forming the system for the year ending June 30, 1897 :

DIVISIONS.

Gross
Earnings.

Operating
Expenses
and Taxeg.

Net
Earnings.

Interest
on Bonds.

Dividends
on
Stocks.

Total
Payments.

Balance
+ or —

Cin., Ham. & Dayton Ry.
Dayton & Michigan RR.*
Cin., Ham. & Indp. RR. .
Col., Findlay & Nor. RR.
Bowling Green RR

$
2,465,276 86
1,459,518 94
631,723 74
29,916 34
29,164 70
11,751 45

$
1,595,893 27
969,085 98
593,182 93
•29,450 06
25,30007
15,769 31

$
869,383 59
490,432 96
38,54081
46628
3,864 63
dej. 4,017 86

$
584,570 00
136,400 00
126,000 00

$

383,033 40
181,00675

$

967,603 40
317,406 75
126,00000

$

- 98,21981
+ 173,026 21
- 87,45919
+ 46628
+ 3,864 63
- 4,017 68

Cincinnati & Dayton RR.
Total

4,627,352 03

3,228,681 62 1,398,670 41

846,970 00

564,040 15

1,411,010 15

- 12,33974

* Including Piqua and Troy Branch.
Statement of operations, etc., all lines, for eight fiscal years :

1890

March 31.

1891

Dec. 31.

1892

June 30.

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles RR. Operated

346.83

651.60
1,921,141
1,700,970
4,232.757
81,294,711
5,031.269
332.169,270

t

1,563,030
2,821,692
199,301
74,791

651.60
1,878,384
1,747,093
4,360,985
82,878,892
5,683,477
383,292,730

$
1,584,298
3,127,043
209,580
98,062

651.60
1,964,756
1,928,080
4,440,950
92,205,959
4,722,594
429,551.288
$
1,664,250
3,369,752
239,770
139,141

651.60
1,912,164

1,800,622
3,792,335
85,049,884
4,288.669
392,099,289
$
1,535,684
2,773,804
224,489
560,834

651.60
1,907,516
2,042,219
3,477,343
76,291,249
4,732,790
477,732,386
$
1,419,684
3,252,617
826,579
140,256

651.60
8,098,742
2,021,258
3,546,445
82,076,851
4,231,060
504,346,957

1,500,508
3,247,900
228,343
170,811

651.60
2,118,086
1,702,749
2,881,475
69,322,435
4,136,385
434,358,141
$
1,253,304
2,783,742
249,291
341,015

Passenger Train Miles

Freight Train Miles

Passengers Carried

3,094,867
60,910,453
3,689,314
246,220.310
$
1,230,916
2,113,109
161,589
56,564

Passengers Carried 1 Mile . .
Tons Freight Moved

Tons Moved One Mile
Earnings— Passenger.. . ,

Freight. .

Mail and Express
Miscellaneous. . .

Total Earnings

3,565,179
2,164,263

4,658,814
2,977,172

5,018,983
3,336,536

5,412,912
3,568,632

5,094,812
3,370,408

5,039,136
3,411,150

5,147,562
3,539,845

4,627,352
3,228,682

Gross Expenses and Taxes.
Available Revenue

1,400,916
528,630
236,213
-1- 636,073

10,279.33
6,240.12
4,039.21
60.71 p. c.
2.02 c.
0.86 c.

1,681,641
566,450
444,569
+ 670,622

7,149.81
4,569.72
2,580.09
63.91 p. c.
1.92C.
0.85 C.

1,682,447
647,396
445,089
+ 589,962

7,702.55
5,120.63
2,582.02
66.48 p. c.
1.89 C.
0.82 C.

1,844,280
800,462
445,344
+598,475

8,307.11
5,476.72
2,830.39
65.93 p. c.
1.81 c.
0.78 c.

1,724,404
849,153
445,623

+ 429,628

7,818.92
5,172.50
2,646.42
66.15 p. c.
1.81 c.
0,71 c.

1,627,986
847,200
449,900
+ 330,886

7,733.48
5,235.04
2,498.44
67.69 p. c.
1.86 c.
0.68c.

1,607,717
846,907
482,800
+278,010

7,899.88
5,432.54
2.467.34
68.77 p. c.
1.83 c.
0.64 c.

1,398,670
846,97(1
564,04(1
- 12,340

7,101.SJ
4,955.01
2.146.51
69.77 p. c.
1.81 c.
0.64 c.

Interest, etc

Dividends

Balance

Gross Earnings per Mile
Gross Expenses per Mile
Available Rev. per Mile. . . .
Expenses to Earnings
Aver. Hate per Pass, per M.
Aver. Rate per Ton per M.

Earnings, etc., 6 months ending Dec. 31, 1897 (including Indiana, Decatur and Western
Ry.).— Gross earnings, $2,801,448.27 ; operating expenses and taxes, $1,988,277.02 ; net earn-
ings, $813,171.25. As compared with those for the corresponding period of 1896 these
figures show increases of $205,240.39 in gross earnings, $130,707.54 in expenses and taxes*
and $74,532.85 in net earnings.

POOR'S MANUAL — CINCINNATI, HAMILTON AND DAYTON SYSTEM. 409

General Balance Sheet, June 30, 1897.

Cost of Read and Equip't, June 30, 1896. $19,926,695 07
Additions During Year 1896-97 103,104 71

Total ' $20,029,799 78

Leased and Proprietary Lines 3,143,859 56

Stocks and Bonds Owned 5,489,127 55

Materials and Supplies 170,871 38

Current Traffic Accounts 453,302 34

Cash and Cash Assets 2,158,904 89

Capital Stock — Preferred 4 p. c

Preferred 5 p. c

Common

Funded Debt— Con. Mtge. 5 p. c

Con. Mtge. 6 p. c

Con. Mtge. 7 p. c

2d Mtge. 4i p. c

Gen. Mtge. 5 p. c

C..D.& I. 1st Mtg. 5 p.c,

C.,D. & C. 1st Mtg. 5 p.c.

Accounts and Bills Payable

Vouchers and Pay Rolls i

Interest and Dividends Unpaid ,

Surplus Income ,

Total Assets $31,445,865 50 Total Liabilities

Statement of Bonded Debt and Guaranteed Stocks June 30, 1897 :

$1,602,200 00
6,397,800 00
8,000,000 00
389,000 00
1,340,000 00
996,000 00
2,000,000 00
3,000,000 00
3,500,000 00
1,200,000 00
739,108 28
630,252 35
394,410 38
. 1,257,094 49

.$31,145,865 50

DESCRIPTION.

Date of
Maturity.

Rate.

Interest
Payable.

Amount
Outstand'g.

Annual
Interest.

Cin Ham & Dayton Con Siuk. Fund, Gold

Oct. 1, 1905.
Oct. 1, 1905.
Oct. 1, 1905.
Jan. 1, 1937.
June 1, 1942.
Jan. 1, 1911.

p.c.
7
6
5
4t
5
5
8
3*
7
5

April & Oct.
April & Oct.
April & Oct.
Jan. & July.
June & Dec.
Jan. & July.
J. A. J. &O.
April & Oct.
Jan. & July.
May & Nov.

996,000
1,340,000
389,000
2,000,000
3,000,000
2,728,000
1,211,250
2,401,800
1,800,000
3,500,000

69,720
80,400
19,450
90,000
150,000
136,400
96.900
84,063
126,000
175,000

Cin.^ Ham. & Dayton Con. Sink. Fund, Gold
Cin , Ham. & Dayton 2d Mortgage, Gold

Ciu Ham & Dayton G«n. Mortgage, Gold

Dayton & Michigan Consol. Mortgage

Dayton & Michigan Preferred Stock

Dayton & Michigan Common* Stock

Cin., Ham. & Indianapolis 1st Mortgage

July 1, 1903
May 1, 1941

Cin., Dayton & Ironton RR. 1st Mortgage, Gold —
Total

19,366,050

1,027,933

Under the provisions of the consolidated mortgage, 1 p. c. per annum on the amount outstanding is to
be invested in bonds of this company, same to be cancelled by the trustee and returned to the company.

Interest on C., H. & D. general mtge. bonds payable at" office of Blair & Co., 33 Wall St., New York,
N. Y. ; on all other bonds at the office of Kessler & Co., New York, or at Cincinnati. Trustee of 1st mtge.
bonds: United States Trust Co., New York; of 2d mtge. bonds, Farmers' Loan and Trust Co., New York,
N. Y. ; of general mtge. bonds, Mercantile Trust Co., New Yerk, N. Y. ; and of C., D. & I. 1st mtge. bonds,
Central Trust Co., New York. N. Y.

There are also $1,200,000 Cincinnati, Dayton and Chicago RR. 1st mtge. 5 p. c. 50-yr.
gold bonds (see General Balance Sheet), but these are held in the treasury of the company.
They are due April 1, 1942, interest payable April and Oct. Trustee : Continental Trust Co.,
New York, N. Y.

RAILROADS LEASED BY THE C., H. & D. RY. Co.

Dayton and Michigan RR.— Dayton, O., to
Toledo June., O., 140.71 m.— total track (steel, 185
m.), 207.55 miles. The company uses, in addition,
the track of the L. S. & M. S. Ry. into Toledo, 1.29
m., increasing Its line to 142.10 miles. Chartered
March 1, 1851; opened in 1862; leased May 1, 1863,
to C., H. & D. RR. Co.; lease amended Jan. 23,
1870. Rental, interest on bonds, 8 p. c. on preferred
stock and 3i p. c. on common stock. Gross earnings,
year ending June 30, 1897, $1,459,519; expenses and
taxes. $969,086; net earnings, $490,433. Payments:
Interest on bonds, $136,400; dividends, $181,007—
total, $317,407. Surplus, $173.026, transferred to
lessee. Financial Statement, June 30, 1897.— Capital
stock ($50 shares), common, $2,401,800; preferred,
$1,211.250; funded debt, $2,728,300; C.. H. & D. RR.
Co.. lessee, $1,180,232— total, $7,522.582. Contra :
Construction and equipment, $7,007,196; stocks and

other investments. $492,608; profit and loss, $22,778
—total, $7,522,582. Funded debt, consol. mtge. 5 p.
c. 30-yr. bonds, due Jan. 1, 1911, interest Jan. &
July, $2,728,000; income bonds, $300. Dividends
paid: Common (April and Oct., 1} p. c. each), $84,-
107; preferred (2 p. c. quarterly, Jan., April, July,
and Oct.), $96,900. The consol. mtge. bonds are
guaranteed by the C., H. & D. RR. Co. Thomas J.
Emery, Pres. ; F. H. Short, Sec. & Treas., Cincin-
nati, O.

Home Avenne RR.— Dayton, O., to Soldiers'
Home, 3.50 miles. Leased in perpetuity, July 1,
1897, to the C., H. & D. Ry. Co. The lessee guaran-
tees dividends of from 3 p. c. to 5 p. c. on capital
stock, the rate being based upon earnings. Capital
stock. $100,000. W. P. Callahan, Pres.; 0. J. Bard,
Sec. & Treas., Dayton, O.

RAILROADS CONTROLLED BY THE C., H. & D. RY. Co.

Bowling Green RR.— Tontogany, O., to North
Baltimore, O., 21 m.; sidings, 1.50 m.; total track
(steel), 22.50 miles. Gauge, 4 ft. 8} in. Chartered
April 12, 1874; opened from Tontogany to Bowling
Green in 1877; extended to North Baltimore Dec. 1,
1890, by the purchase of the Toledo, Findlay and
Springfield RR. (15 miles). (For history of the latter
company, see Maminl for 1891.) The capital stock
($40,000) is owned by the C., H. & D. RR. Co.
Gross earnings for tht- year ending June 30, 1897,
$29.165. Expenses, including taxes, $25.300. Net
earnings, $3,865. R. D. Marshall, Prea. ; F. H.
Short. Sec. & Treas.. Cincinnati. O.

Cincinnati and Dayton RR.— Hamilton, O.,
to Middletown, O., 13.38 m.; sidings, 3.60 m.; total
track (steel), 16.98 miles. Gauge, 4 ft. 8i in. Char-
tered in 1887 as the Louisville, Cincinnati and Day-
ton RR. Reorganized Jan. 1, 1889, under the present
name. Capital stock, $1,000,000. 1st mtge. bonds,
$300,000, all owned by the C., H. & D. RR. Co.
Gross earnings, year ending June 30, 1897. $11,751.
Operating expenses and taxes, $15.769. Deficit from
operations, $4,018. R. P. Rifenberick, Pres.; F. H.
Short, Sec. & Treas., Cincinnati, O.

Cincinnati, Hamilton and Indianapo-
lis RR.— Hamilton, O., to Indianapolis, Ind., 98.90

410

POOR'S MANUAL OF KAILKOADS — RAILROAD "SYSTEMS."

m.; total track (steel, 98.9 m.), 121 miles. Char-
tered as Junction RR.— in Indiana, Feb. 18, 1848; in
Ohio, March 8, 1849. Road opened Aug. 9, 1867.
Sold under foreclosure Nov. 26, 1872, and reorganized
under present name. The C., H. & D. RR. Co. owns
nearly the whole of its capital stock ($2,500,000), and
$2,554,000 of its bonds. Annual interest charge on
$1,800,000 1st mtge. 7 p. c. bonds outstanding
(guaranteed by C., H. & D. RR. Co.), $126,000. The
remaining $700,000 1st mtge. bonds are held by trus-
tees for the C., H. & D. Ry. Co., and are not to be
issued. Gross earnings, year ending June 30, 1897,
$631,724. Expenses and taxes, $593,183. Net earn-
ings, $38,541. Paid interest on bonds, $126,000.
Deficit. $87.459. Financial Statement, June 30, 1897.
Capital stock— common, $2,217,758; preferred, $282,-
242; 1st mtge. 7 p. c. 20-yr. bonds, dated Jan. 1,
1882, interest Jan. and July, $2,500,000; gen. mtge.
5 p. c. 50-yr. bonds, dated Jan. 1, 1893, interest
June and Dec., $1,854,000; C. H. & D. RR. Co.,
$1,002,656— total, $7,856,656. Contra: Cost of road
and equipment, $7,790,635; real estate, $66.021—
total, $7,856,656. C. G. Waldo, Pres.; F. H. Short.

Treas.; Geo. R. Balch, Sec., Cincinnati, 0. General
Office, Indianapolis, Ind.

Columbus, Fimllay and Northern Ry.—

Deshler, O., to Findlay, O., 17.64 m.; sidings, 5.10
m.; total track (steel, 17.64 m.), 22.74 miles. Gauge,
4 ft. 8i in. Chartered in 1880, as the McComb,
Deshler and Toledo RR. Co.; during 1887 and 1888
extended to Findlay, O., and reorganized under pres-
ent name. The C., H. & D. UR. Co. owns all of the
capital stock, $300,000. No bonded debt. Gross
earnings, year ending June 30, 1897, $29,916; ex-
penses, including taxes, $29,450; net earnings, $466.
R. D. Marshall, Pres.; F. H. Short, Sec. & Treas.,
Cincinnati, O.

IMii im and Troy Branch RR.— Troy, O., to
Piqua, O., 8.30 m.; sidings, 4.60 m. ; total track
(steel), 12.90 miles. Gauge, 4 ft. 8i in. Chartered
Sept. 30, 1881; road completed Oct. 7, 1887. Capital
stock, $200,000, owned by the C., H. & D. RR. Co:
Operations included in those of the Dayton and Mich-
igan RR. Co. R. D. Marshall, Pres.; F. H. Short,
Sec. & Treas., Cincinnati, O.

Board of Directors, Cincinnati, Hamilton and Dayton Ry. Co.

Term expires Oct., 1899.
M. C. Martin. New Brunswick, N. J.

George W. Davis Toledo, O.

Lawrence Maxwell, Jr.Cincinnati,O.
Geo. R. Balch... " "

Term expires Oct., 1900.

Rush Tiiggart New York, N. Y.

M. D. Woodford Cincinnati, O.

H. F. Shoemaker... New York, N. Y.
P. H. Short Cincinnati, O.

Term expires Oct., 1898.

Fellowes Davis New York, N. Y.

R. C. Schenck Dayton, O.

Wilberforce Sully..New York, N. Y.
J. Howard Taylor. " "

Eugene Zimmerman ...Cincinnati, O.

M. D. WOODFORD, President Cincinnati, O.

Eugene Zimmerman, Vice- President "

Sec. A Treas.— F. H. Short Cincinnati, O. | Auditor— Geo. W. Lishawa Cincinnati, O.

PRINCIPAL OFFICE AND ADDRESS. , , , , Carew Building, Cincinnati, O.

CINCINNATI, HAMILTON AND DAYTON RY. SYSTEMS-INDIANA, DECATUR

AND WESTERN RY. CO.

Line of Road.— Indianapolis, Ind., to Decatur, 111 152.02 m.

Trackage : Indianapolis Union Ry. in Indianapolis, Ind 0.49 m. — 152.51 miles.

Sidings, 26.03 miles. Gauge, 4 ft. 8| in. Rail (steel, 152.02 m.), 56 to 65 Ibs.

History. — Consolidation July 15, 1895, of the Indiana, Decatur, and Western and the
Decatur and Eastern Ry. Cos. Both of those companies were organized May 19, 1894—
the former to take over the Indiana portion of the Indianapolis, Decatur and Western Ry.,
and the latter to take over the Illinois portion of that road, sold under foreclosure on May 10,
1894. (See MANUAL for 1895, p. 882.)

In December, 1895, parties in the interest of the Cincinnati, Hamilton and Dayton Ry.
Co. purchased the entire capital stock of this company, and the road is now operated in con-
nection with the C., H. & D. system.

Rolling Stock, July 1, 1897.— Locomotives, 18. Cars— passenger, 16 ; haggage, mail,
and express, 5; freight (box, 488 ; flat, 64 ; stock, 88 ; coal, 90 ; caboose, 9), 739 ; other, 1—
total cars, 761.

Operations, year ending June 30, 1897.— Train mileage— passenger, 309,437 ; freight,
177,749 ; other, 107,431— total, 594,617 miles. Passengers carried, 172,144 ; carried one mile,
5,558,020 ; average mile rate, 2.16 cents. Tons freight moved, 280,471 ; moved one mile,
26,912,021 ; average ton-mile rate, 1.09 cents.

Earnings-Passenger $j 19,943 31

*y e'ght 293,411 42

Mail and Express 39,51072

Miscellaneous 2,829 56

Expenses— Transportation $187,860 70

Motive Power and Cars 32,83193

Maintenance Way & Buildings. . 66,876 63
General 13,715 13

'otal ($2,987.96 per mile) $455,695 01 Total ($1,971.57 per mile) $300,684 39

Net earnings (34 p. c.), $155,010.62. Paid taxes, $36,000 ; interest on bonds, $91,200 ;
dividend on preferred stock (3 p. c.), $27,360— total, $154,560. Surplus, $450.62.

Financial Statement, June 30, 1897.— Capital (stock ($100 shares)— common, $912,000 ;
preferred, $9T2,000 ; funded debt (1st mtge. 5 p. c. 40-yr. $1,000 gold bonds, due Jan. 1, 1935,
mtere.-t Jan. and July at the office of the Central Trust Co., New York, N. Y.), $1,824,000 ;

POOR'S MANUAL — CLEVELAND, CINCINNATI, CHICAGO & ST. LOUIS KY. CO. 411

bills payable, $30,000 ; audited vouchers, $51,268.34 ; pay rolls, $17,129.26 ; surplus, $2,491.-
28— total, $3,748,888.88. Contra : Cost of road equipment, $3,655,637.76 ; cash and current
assets, $69,050.82; materials and supplies, $24, 200. 30 -total, $3,749,888.88. The bonds are
authorized at the rate of $12,000 p. m. for additional road built or acquired. They are redeem-
able by lot, at 110, at any time on eight weeks' notice. Trustees: Central Trust Co., New
York, N. Y., and Augustus I. Mason, Indianapolis, Ind. Preferred stock is entitled to 5 p. c.
dividend before common stock can participate. Stock may be voted at annual meetings if
owned at the time of closing the books.

Directors. — Term expires Oct., 1898 : Henry F. Shoemaker, Theo. W. Morris, Win. A.
Read, New York, N. Y. Term expires Oct., 1899 : W. C. Outten, Kilburn Harwood, Decatur,
111.; W. M. Baldwin, Chicago, 111. Term expires Oct., 1900 : M. D. Woodford, Cincinnati, O.;
H. S. Greene, Springfield, 111. ; H. B. Balch, Chicago, 111.

M. D. WOODFOBD, President ............................. Cincinnati, O.

H. F. Shoemaker, Vice-President ....................... New York, N. Y.

— P H Short ...Cincinnati, O. I Auditor— Geo. W. Lishawa ............... Cincinnati, O.

- B»lch. ............... " "I Gen. Manager-^. B. F. Peirce ....... Indiantpolis. Ind.

PRINCIPAL AND STOCK TBAKSFER OFFICE ...................... Indianapolis, Ind.

CLEVELAND, CINCINNATI, CHICAGO AND ST. LOUIS EY. CO.

(For map of this system see page 413.)

Lines Owned, Leased, and Operated :

Cleveland Division : Cleveland, O., to Columbus, O 137.75 mile*.

Cincinnati Division : Columbus, O. , to Ludlow Grove, 0 117.87 m.

Dayton Joint Tracks : Through Dayton, O 1.60 m.

B. & 0. Southw'n Bit.: Ludlow Grove to Cincinnati, O. (trackage). 6.15 m.

Delaware Branch : Springfield, O., to Delaware, 0 48.91 m. — 174.53 "

Indianapolis Division : Gallon, O., to Indianapolis, Ind 208.22 "

St. Louis Division : Indianapolis, Ind., to East St. Louis, 111 262.14 m.

,4ft0n, Branch : Waun to Alton, 111 4.20 m.— 266.34 "

Cairo Division : Cairo, 111., to Tilton, 111 258.17 m.

Wabash RR. : Tilton to Danville June., Dl. (trackage) 2.86 m.

Vincennes Branch : St. Francisville, 111., to Vincenues, Ind 9.27 m.— 270.30 "

Chicago Division : Cincinnati, O. , to Lafayette, Ind 174.82 m.

L. E. & Western RR. : Lafayette to Templeton, Ind. (trackage). . 18.44 m.

Templeton, Ind., to Kankakee, 111 56.72 m.

Cin. & So. Ohio River Ry.: Lawrenceb. to Aurora, Ind. (owned). . 3.94 m.

Lawrenceb. Branch : Luwrenceburg June, to Lawrenceburg, Ind. 2.50m.

Col., Hope & Gfreensb. RR: Columbus to Greensburg, Ind. (leased) 26.21 m.

Fairl.,Fkn. & Martinsv. RR.: Fairland to Martinsv., Ind. (leased) 37.84 m.— 320.47 "
Whitewater Division : Hagerstown, Ind., to Harrison, 0 62.77 m.

Harrison Branch RR.: Harrison to Valley June., O. (leased) 7.29 m.— 70.06

Bandusky Division : Sandusky, O., to Springfield, 0 181.07 m.

Findlay Branch : Carey, O., to Findlay, O 15.34 m.— 146.41 "

Michigan Division : Benton Harbor, Mich., to Rushville, Ind 204.40 m.

Vernon, Oreenab. & Rushv. RR.: Rushv. to Vernon, Ind. (leased) 44.63 m.— 249.03 '«

Total length of lines operated as C., C., C. & St. L. Ry., June 30, 1897. . .1,838.11 miles.
2d track, 59.51 m.; sidings, 753.32 miles. Gauge, 4 ft. 8£ in. Rail (steel), 67 to 80 Ibs.

The company controls the operation of the following named lines under terms as stated:

Kankakee & Seneca RR.: Kankakee to Seneca, 111. (joint ownership) 42.08 miles.

Mount Gilead Short Line RR.: Mt. Gilead to Edison, O. (leased) 2.00 "

Peoria & Eastern Ry. (leased and a majority of the stock owned) :

Springfield. O., to PeUi-.. HI .'.. 342.80m.

Peoria & Pekin Union Ry.: Pekin to Peoria, 111. (trackage) 9.20 m.— 352.00

Total length of lines, the operation of which is controlled 396.08

Total mileage, C., C., C. & St. L. Ry. system, June 30, 1897 2,234.19 miles.

The company is also one-fourth owner of the Peoria and Pekin Union Ry., one-seventh
owner in the Terminal RR. Association of St. Louis, two- fifths owner of the Indianapolis
Union Ry., and partial owner of the Dayton and Union RR.

412

POOK'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

The Illinois Central RR. Co. hauls this company's trains from Kankakee into Chicago, a
distance of 56 m., and receives a percentage of the business in payment therefor. Also, the
Illinois Central RR. Co. uses 95 m. of this company's St. Louis Division, from Pana, 111., to
East St. Louis, under a traffic agreement entered into in 1896.

The tracks of the B. & O. Southwestern are used from Worth Vernon to Jeffersonville,
Ind., 53 miles, to make a connection with the Louisville and Jefferson vi lie Bridge for Louis-
ville. The bridge property is owned by this company and the C. & O. Ry. Co., and $3,000,-
000 4 p. c. bonds issued upon it are guaranteed as to interest, one-third by the C. & 0. and
two-thirds by this company. (See MANUAL for 1896, page 495.) The operations, etc., of the
Eankakee and Seneca, the Mount Gilead Short Line and the Peoria and Eastern are not in-
cluded in this statement, but are shown separately in the statements for those compani< s —
which see.

History. — Consolidation, June 27, 1889, of the Cincinnati, Indianapolis, St. Louis and
Chicago, the Cleveland, Columbus, Cincinnati and Indianapolis, and the Indianapolis and St.
Louis Ry. Cos. In 1890 certain leased lines were merged into the system, and the capital
stock of the Cincinnati, Wabash and Michigan Ry. Co. was purchased. The latter was
operated independently until July 1, 1892. (See MANUAL for 1893, page 201.)

Rolling1 Stock, June 30, 1897. — Locomotives, 459. Cars — passenger, 236 ; baggage and
postal, 95; dining and cafe, 10; parlor, pay, and officers', 26; freight (box, 7,988; stock, 637;
coal and flat, 2,817; special, 423; refrigerators, 383; caboose, 205), 12,453— total, 12,820.

Operations, year ending June 30, 1897. — See tabulated statement on page 414.

Expenses— Transportation and Traffic $5,360,825 24

Maintenance of Equipment 1,562,619 60

Maintenance of Way 1 ,705,606 67

Earnings— Passenger $3,665,193 28

Freight 8,254,872 80

Mail 580,275 87

Express 332,17321

Rents 284,59613

Total ($7,136.19 per mile) $13,117,111 29

Net earnings (24.80 p. c.), $3,252,446.96.

General 269,208 96

Miscellaneous and Taxes 966,40386

Total ($5,366.74 per mile) $9,864,664~33

Payments : Interest on bonds, $2,687,048.78 ;

rentals, $196,877.40; dividends on preferred stock, Nos. 29, 30 and 31 (Oct. 1, 1896, Jan. 1 and
April 1, 1897, 1± p. c. each), $375,000— total, $3,258,926.18. Deficit, $6,479.22 ; add pundry
balances charged off, $40,213.52— total, $46,692.74. Surplus from last year, $245,554.41.
Balance to credit June 30, 1897, $198,861.67.

Income Account, supplementary comparative statement, 10 months ending April 30,
1898 and 1897 :

EARNINGS.

1898

1897

EXPENDITURES.

1898

1897

Passenger

$
3 149 275 93

$
3 02925486

Transportation and Traffic

$
4 689 076 30

$

4 477 313 49

Freight

7,774 765 80

6 911 828 44

Maintenance of Equipment

1,722,712 80

1,287,193 52

Mail

498 590 36

482 932 99

1,592,969 63

1 351 199 72

Express

276,763 30

276 80455

General . . .

231,94296

225,212 45

Rents

238 181 45

231,37949

885 Oil 15

821 675 84

Totals.

9,121,71284

8,162,595 02

Interest on Bonds

2,261,46764

2,233,424 42

Rentals

154,09077

154,903 27

Balance of Income

400,30559

381,277 62

Totals

11,937,576 84

10,932,200 33

Totals

11,937,576 84

10,932,200 33

Ratio of operating expenses to gross earnings— in 1898, 76.41 p. c. ; in 1897, 74.66 p. c
General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $86,161,368 27

General Supplies 390,812 73

Stocks and Bonds Owned 3,819,908 64

Other Investments 454,576 17

P. & E. Ry., Loan Account 1,070,333 23

Advances to Branch Lines 3,629,097 38

Station Agents and U. S. Government... 139,450 61

Bills Receivable 13,667 11

Accounts Receivable 259,981 90

Cash on Hand and in Banks 839,740 95

Total Assets .$96,778,936 99

Common Stock (par, $100) $27,987,33500

Preferred Stock (par, $100) 10,000,000 00

C., S. & C. Preferred Stock and Scrip.... 428,997 4>

Funded Debt Outstanding 55,183,880 0)

Bills Payable 3,425 C)

Equipment Notes 375,980 53

BiHs Audited (including June pay rolls). 1,499,998 53

431,256 31
459,754 25
8,948 14
200,000 00

198,861 67

Total Liabilities $96,778,936 l>9

Interest Accrued, not Due

Coupons Unpaid

Dividends Unpaid

American Express Co. Advances
Profit and Loss

413

414 POOR'S MANUAL OP RAILROADS — RAILROAD "SYSTEMS."

Statement showing operations, capital accounts, etc., for seven years, ending June 30 :

1891

1892

1893

1994

1895

1896

1897

Miles RR. Op. (Aver.)....

1,564.48
367
263
95
17,386
4,128,164
5,662,218

1,600.40
378
271
93

17,227
4,196,750
6,083,188

1,850.34
434
323
95
17,610
4,716,840
6,605,072

1,850.34
447
288
92
13,312
4,707,237
5,770,244

1,852.14
455
270
97
13,473
4,843,675
6,057,796

1,838.11
459
270
98
13,105
4,822,276
5,555,359

1,838.11
459
272
95
12,453
4,922,582
5,442,063

Passenger Cars

Baggage, Mail, etc., Cars.
Freight and Other Cars. . .
Passenger Train Miles . . .
Freight Train Miles.

Total Train Miles

13,755.037
4,975,033
162,342,125

7,801,377
1,221,509,961

3,649,504 92
8,337,130 37
630,892 59
271,088 13

10,470,011
5,268,171
172,269,935
8,524,986
1,286,461,846
$
3,824,201 12
9,129,416 99
631,767 64

15,286,847
5,996,312
196,995,813
| 9,027,220
i;331,428,021

4,307,371 23
9,338,787 29
769,993 49
252,903 63

13,684,893
5,355,528
218,148,077
7,803,300
1,211,359,770

4,104,769 24
7,866,966 65
803,07748
259,23590

11,024,573
5,243,814
184,186,073
8,625,073
1,349,581,562

S

3,785,410 30
8,783,929 87
815,316 70
240,37082

10,377,635
5,578,048
204,940,898
8,598,881
1,358,155,342

4,035,326 06
8,576,699 86
847,981 57
244,52725

10,364,6 'r>
4,937,2.V)
186,657,17!)
8,223.34 r
1,343,484,0.6

3,665,193 28
8,254,872 80
912,449 08
284,596 13

Passengers Carried

Passenger Miles

Freight (tons) Moved
Freight (ton) Miles

Passenger Earnings

Mail and Express . . . .

Other Earnings

Gross Earnings

12.888,616 01
9,187,211 51

13,585,385 75
9,838,542 43

14,669,055 64
10,964,786 62

18,034,049 27
9,750,503 87

13,625,027 69
10,254,068 19

18,704,534 74
10,293,703 30

13,117,111 29
9,864,664 33

Expenses and Taxes
Net Earnings

3,701,404 50
328,761 14

3,746,843 32
244,072 47

3,704,269 02

3,283,545 40

3,370,959 50

3,410,831 44

3,252,446 96

Other Receipts.

Total Net Income
Interest on Bonds

4,030,165 64

2,123,30289
*1,318,321 78
476,187 53
10,792 21
S. 101,561 18

8,23827
5,872 37
2,365 90
71.28 p. c.
2.248 c.
0.683 c.

27,247,305 00
10,000,000 00
428,997 45
48,159,98000
2,287,944 44
1,236,521 61
470,000 00
815,437 47
15,378 50

3,990,915 79

3,293,642 13
*1,340,00000
276,532 13

3,704,269 02

2,445,135 26
*1,340,000 00
207,82594

3,283,545 40

2,554,234 90

(5)500,000 00
204,937 00

3,370,959 50

2,642,158 68
(5)500,000 00
202,54690

3,410,831 44

2,639,862 64
(5)500,000 00
204,647 07

3,252,446 96

2,687,048 78
(31)375,00000
196,877 40

Dividends

Rental)'

Interest and Exchange . . .
Surplus or Deficit

S. 80,74153

8,48874
6,14755
2,341 19
72.42 p. c.
2.220 c.
0.710 C.
$
27,978,725 00
10,000,000 00
428,997 45
48,106,38000
403,42500
1,366,202 82
360,00000
762,530 08
420,00000

Z>.288,692 18

7,92776
5,925 82
2,001 94
74.74 p. c.
2.187 c.
0.701 c.

27,978,725 00
10,000,000 00
428,997 45
48.098,380 00
1,922,001 17
2,128,400 48
2,212,841 32
835,702 41
553,137 42

S. 24,37350

7,044 14
5,269 57
1,774 57
74.81 p. c.
1.882C.
0.649 C.
$
27,987,335 00
10,000,00000
428,99745
53,089,380 00
3,425 00
1,976,38032
1,812,848 39
860,13007
130,964 14

S. 26,25392

7,85637
5,53634
1,82003
75.25 p. c.
2.055 C.
0.651 C.
$
27,987,335 00
10,000,000 00
428,997 45
53,056,380 00
3,42500
2,197,445 91
1,132,216 14
895,438 08
131,071 39

S. 66,32173

7,455 78
5,60016
1,85562
75.19 p. c.
1.969 c.
0.631 e.
$
27,987,33500
10,000,00000
428.99745
54,037,38000
791.42500
2,105,556 97
738,301 $2
888,611 72
131,46889
680,00000
245,554 41

D. 6,479 22

7,136 19
5,36674
1,769 45
75.20 p. c.
1.964 c.
0.614 c.
$
27,987,835 00
10,000,000 00
428,99 r 45
55,183,880 00
3.425 00
1,499,998 59
375,980 58
891,01056
8,948 14
200,00000
198,861 67

Gross Earnings per Mile. .
Gross Expenses per Mile.
Net Earning per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile
Aver. Rate p. Ton p. Mile

Common Stock

Preferred Stock...

C., S. & C. Pref. Stock...
Funded Debt

Bills Payable

Bills Audited

Equipment Notes

Interest Unpaid

Dividends' Unpaid

Am. Ex. Co., Adv

Profit and Loss. . . .

735,278 58

816,020 11

454,017 81

461,986 49

171,439 78

Total Liabilities. .

91,396,843 05

78,172,13371
562,652 60
6,433,038 27
635,941 74
235,981 50
3,599,811 84
957,975 33
799,30806

90,642,280 46

80,290,19223
786,852 59
3,697,578 22
300,10302
199,082 61
3,595,820 19
1,001,19818
771,473 42

94,612,203 06

83,486,811 55
777,428 11
3,808,458 17
309,91302
456,475 50
3,601,98820
1,239,54974
931,57877

96,751,446 86

85,409,88044
629,283 18
3,829,790 67
326,68002
784,731 19
3,669,589 48
1,197,17701
904,314 87

96,003,748 75

85,381,784 19
499,748 12
3,767,788 13
369,157 14
893,562 81
3,657,739 14
657,227 87
776,741 35

98,034,631 26

85,660,868 27
898,221 66
4,766,398 92
441,01492
1,007,83323
3,640,91778
1.001,460 31
1,117,916 17

96,778,936 99

86,161,36827
3,819,908 64
390,812 73
454,576 17
1,070,83323
3,629,097 38
413,099 62
839,740 95

Road and Equipment
Materials and Fuel

Stocks and Bonds

Sundry Investments
P. & E. Loan Account
Adv. to Branch Lines
Bills, Accounts, etc..
Cash

Total Assets

91,396,843 05

90,642,280 46

94,612,203 06

96,751,446 86

96,003,748 75

98,034,631 26

96,778,9369!)

* On preferred, 5 p. c. ; on common, 3 p. c.

Dividends. — Preferred stock is entitled to dividends up to 5 p. c. per annum non-cumu-
lative in priority to common stock. Regular quarterly dividends of 1J p. c. have been paid
on the preferred stock since Oct., 1889, with the exception of those payable July, 1896, July
and Oct., 1897, which were passed. Dividends on common stock: In 1890, 3 p. c. and 1 p. c.
extra ; in 1891, 1892 and 1893, 3 p. c. each; none since.

" Stocks and Bonds Owned" include $328,000 1st mtge. bonds and $840,000 2d mtge. bonds
of the Cincinnati, Lafayette and Chicago RR. ; $275,000 Columbus, Hope, and Greensburg
RR. 1st mtge. bonds ; $325,000 Kaukakee and Seneca Ry. 1st mtge. bonds, and $450,000
Vernon, Qreensburg and Rushville RR. 1st mtge. bonds— all of which are deposited under

POOR'S MANUAL— CLEVELAND, CINCINNATI, CHICAGO A ST. LOUIS RY. co. 415

the C., I., St. L. & C. 4 p. c. mtge.; and $526,000 Cincinnati and Springfield Ry. 2d mtge.
bonds, deposited under €., C., C. & St. L. general intge. Other stocks and bonds owned are :
$74,000 gen. mtge. 4s of 1993 ; $230 Spg. & Col. Div. 4 p. c. bonds ; $975,360.67 stock in
branch lines, etc.; and $26,317.97 capital stock account of Fast Freight Lines, etc.

"Other Investments " consist of Muncie Belt Ry., $59,789.62; Dayton Union Ry. ad-
vances, $54,578.38 ; Central Trust Co., trustees' sinking fund under 1st mtge., St. L. Div.,
$330,203.17. Sloane Property, Sandusky, $10,000.

The increase of $62,500 over* last year in the Peoria and Eastern Ry. Loan Account
is accounted for as follows: $50,000 paid on note of $250,000 of P. & E. Ry., secured by
$397,000 of that company's 4 p. c. bonds ; also, interest upon the same, $12,500. This com-
pany is guarantee of note by the P. & E. Ry. Co. for the $200,000 balance, due in Jan., 1898.

"Cash on Hand and in Banks" consists of $370,888.56 of cash in the hands of the
treasurer, $459,754.25 in banks to pay coupons, $8,948.14 to pay dividends and $150 to redeem
bonds.

The equipment notes are payable as follows : $141,680.38 in 1898, $78,099.96 yearly in
1899 and 1900, and $78,100.28 in 1901.

The C., S. & C. preferred stock and scrip shown in the general balance sheet was as-
sumed in purchase by this company.

Statement of funded debt, interest charges, and rentals for the year 1896-97, including
Peoria and Eastern, which is operated separately : •

NAME OF ROAD.

Class of Bonds.

Amount.

Rate
of In-
terest.

Annual
Interest and
Rentals.

C., L, St. L. &C. Ry...

1st Consol. Mtge. of 1880-1920 . . .

710,000

p. c.
6

$

42 fiOO

C.,I.,St. L. &C. Ry

Gen. 1st Mtge. of 1886-1936

7,685,000

4

307,400

B. &I. RR

1st Mtge. of 1864-1899, part due yearly

52 000

7

3 640

C.,C.,C.&I. Rv

1st Mtge. Sinking Fund of 1869-1899 . .

3,000,000

7

210 dOO

C.,C.,C. &I. Ry

1st Consol. Mtge. of 1874-1914

4 138000

289 C60

C., C., C. &I. Ry

Gen. Consol. Mtge of 1884-1934

3 205000

6

192 300

I. & St. L. RR

1st Mtge. of 1869-1919

2000000

7

140 000

I. &St. L. RR

1st Mtge. of 1882-1912

5000(10

6

30000

C., C..C. & St. L. Ry

C., V. &C. Ry. 1st Mtge of 1890-1939

5,000,000

4

200,000

Col., Sp. & Cin. RR

1st Mtge. of 1871-1901

7K (KK)

7

5460

C., C., C. & St. L. Ry

Spring. & Col". Divs. Mtge. of 1890-1940

1,103,730

4

44,140

Cin., Sand. & Clev. RR

1st Consol. Mtge. of 1888-1928

2,571,000

5

128,550

Cin. & Springf. Ry
Cin. & Springf. Ry
Cin.,Laf. & Chic. RR
C., C. C. & St. L. Ry

1st Mtge. of 1871-1901
2d Mtge. of 1872-1902
IstMtse. of 1871-1901
W. W. Val. Div. Mtge. of 1890-1940 . ....

2,000,000
125,000
792,000
650,000

7
7
7
4

140,000
8,750
55,440
26,000

C., C. C. & St. L. Ry

St. L. Div. Col. Tr. Mtge. of 1890-1990

10,000,000

4

400,000

C.,C. C. & St. L. Ry
C., C. C. & St. L. Ry

Mich. Div. Mtge. of 1891-1991
General Mtge. of 1893-1993

4,000,000
7,574,000

4
4

160,000
302,960

C., C. C. & St. L. Ry

Rentals

200,000

Total

55,183,730

2,886,900

Ind., Bloom. & W. Ry. . .

1st Mtge. Pref. of 1879-1900 . ,

1,000,000

7

70,000

O., Ind. & W. Ry

1st Mtge. Pref. of 1888-1938 .... . . .

500,000

5

25,000

Peoria <fc Eastern Ry

1st Consol. Mtge. of 1890-1940

8,103,000

4

324,120

Peoria & Eastern Ry

22,500

Total, P. &E. Ry

9,003,000

441,620

Grand Total

64,786,730

3,328,520

J

Interest on all bonds, except where otherwise specified in the remarks relating to bonds
(pp. 416-17 ), is payable at the office of J. P. Morgan & Co., New York, N. Y. Interest also
payable in Bo.ston, Mass., at National Revere Bank. Preferred stock is entitled to non-
cumulative dividends aggregating 5 p. c. per annum before any dividend can be paid in same
year upon common stock.

Funded debt consisted, June 30, 1897, of :

(1) 1st consol. mtge. (C., I., St. L. & C. Ry.) 6 p. c. 40-yr. cy. b'ds, due May 1, 1920, int. M. & N.. $710,000

(2) Gen. 1st mtge. (C., I., St. L. & C. Ry.) 4 p. c. 50-yr. gold b'ds, due Aug. 1, 1936, int. quarterly 7,685,000

(3) Mtge. (B. & I. RR.) 7 p. c. $1,000 cy. bonds, dated 1864, due 1898-99, interest Jan. and July.. 52,000

(4) 1st mtge. (C., C., C. & I. Ry.) s. f. 7 p. P. 30-yr. cy. bonds, due May 1, 1899, int. May and Nov. 3,000,000

(5) 1st consol mtge. (C., C., C. & I. Ry.) 7 p. c. 40-yr. gold bonds, due June 1, 1914, int. J. & D. 4,138,000

4 1C POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

(6) Gen. consol. mtge. (C., C., C. & I. Ry.) 6 p. c. 50-yr. gold bonds, due Jan. 1, 1934, int. J. & J. $3,205,000

(7) 1st mtge. (I. & St. Louis Jly.)_7 p; c^SO-yr. cy. bonds, due July 1, 1919, interest " A," J. & J. ;

(8)

(9)

(10)

(11)
(12)

mfge. "(C., L. & C.' RR.) 7 p. c. 30-yr. gold bonds, due Sept. 1, laoi, interest Marcn <x sept. vsrz.uuu

(15) Mtee (W W V Div ) 4 p. c. 50-yr. gold bonds, due July 1, 1940, interest Jan. and July 650,000

(16) 1st Coll. Trust Mtge. (St. L. Div.) 4 p. c. 100-yr. bonds, due Not. 1, 1990 interest May & Nov. 10,000,000

(17) Mtee (C W & M Div.) 4 p. c. 100-yr. gold bonds, due July 1, 1991, interest Jan. and July.. 4,000,000

(18) Gen. mtge. (C., C., C. & St. L.) 4 p. c. 100-yr. bonds, due June 1, 1993, interest June and Dec. 7,574,000
Old bonds drawn for redemption and unredeemed 150

(1) The 1st consol mtge. bonds of the Cincinnati, Indianapolis, St. Louis and Chicago are secured
by 1st mtge. on the line from Cincinnati, O., to Lafayette, Ind., 174.80 miles. Trustees: Hervey Bates, Indian-
apolis, Ind., and George T. Bliss. New York.

(2) The gen. 1st mtge. bonds of the C., I., St. L. d C. are secured on the line from Cincinnati, O., to
Lafayette, Ind., 174.80 m., subject to the lien of the first consols for the retirement of which a sufficient
amount of these bonds was deposited in trust. As additional security the company has deposited in trust
the securities of the Yernon, Greensburg and Rushville, the Columbus, Hope and Greensburg, the Cincinnati,
Lafayette and Chicago, the Fairland, Franklin and Martinsville, the Harrison Branch, pnd the Kankakee and
Seneca RRs,, owned by it, and the 100-yr. contract. for the use of the Illinois Central tracks from Kanka-
kee to Chicago. The bonds are in coupon or registered form — coupon $1,000 each, and registered $1,000,
$5,000, or $10,000. Coupon bonds are exchangeable for registered bonds at the office of the Central Trust Co.
Trustees: Central Trust Co. of New York, and Hervey Bates, of Indianapolis.

(3) The Bellefontaine and Indiana bonds are secured on the line from Galion, O., to the Indiana State
Line, 119 miles. The bonds are for*$l,000 each, and are payable part yearly on the 1st of Jan., 18.98 and 1899.

(4) The C., 0., C. d I- 1st mtge. sinking fund bonds are for $1,000 each. They are secured on the
lines from Cleveland to Columbus, 138 m. ; from Delaware to Springfield, 50 m. ; from Indianapolis to Union
City (State Line), 84 m., and (subject to the lien of the B. & I. bonds) from Union City to Galion, O., 119
m. ; a total of 391 miles.

(5) The C., C., C. d I. 1st consols, have the same security, but are subject to the lien of the 1st mtge.
sinking fund bonds of 1899. They are coupon bonds for $1,000 or £200 each, and are payable in London or
New York by the operation of a sinking fund of 1 p. c. applied 'to annual drawings in March. They may be
freed of the sinking fund provision on presentation at the United States Trust Co., New York, or at the
office of J. S. Morgan & Co., London. Interest is payable at the rate of 7 p. c. in " lawful money " in New
York, or 6 p. c. sterling in London, at the option of the holder. Principal is payable in gold. Trustees:
Henry F. Vail and Charles E. Tracy. The principal is payable in gold, but interest is payable, at the option
of the holder, in lawful money in New York at 7 p. c., or in sterling at 6 p. c. in London.

(6) The gen. consol. mtge. bonds of the C., C., C. d I. Ry. are subject in lien to the sinking fund
bonds of 1899, and the 1st consols of 1914 on the 391 m. of road before mentioned. They are coupon or regis-
tered bonds for $1,000 gold each, coupon bonds being exchangeable for registered bonds in sums of $1,000 or
multiples thereof. The authorized issue is $12,000,000, and a sufficient number of the bonds is held in trust
for the retirement of the B. & I. bonds, the sinking fund bonds of 1899, and the consols of 1914. Trustee:
United States Trust Co. of New York.

(7 and 8) The Indianapolis and St. Louis bonds are secured in the order of their priority on the line
from Indianapolis to Terre Haute, Ind., 72 miles. The firsts are in three series — Series A, $667,000, interest
payable Jan. and July ; Series B, $667,000, interest payable March and Sept. ; Series C, $666,000, interest pay-
able May and Nov. The seconds ($2,000,000 auth.), are gold bonds. Both issues are in coupon form, for
$1,000 each. Trustee: United States Trust Co., New York.

(9) The Cairo Division bonds are secured on the line from Cairo to Tilton, 111., 259 m., and branch
from St. Francisville, 111., to Vincennes, Ind., 8 miles. They were issued, as to $3,857,000, dollar for dollar
for the old 5 p. c. bonds of the Cairo and Vincennes. They are for $1,000 gold each, in coupon form, with
privilege of registration. Trustee: Central Trust Co. of New York.

(10) The Springfield Division bonds are secured on the line from Columbus to Springfield, O., 45 miles.
The authorized issue is $1,250,000, and $1,200,000 of them were set aside to retire $1,000,000 7 p. c. bonds and
$89,530 scrip of the Columbus, Springfield and Cincinnati RR. ; only $78,000 of those 7 p. c. bonds are now
outstanding. Nos. 1 to 1,200 are for $1,000 each; Nos. 1,201 to 1,300, $500 each. Trustee: Central Trust Co.
of New York.

(11) The Cincinnati, SandusJ;y and Cleveland consols are secured on the line from Sandusky to
Dayton, O., and the branch from Carey to Findlay, together, 169.76 miles. They are $1,000 coupon bonds,
interest payable in Boston and New York. Principal payable in Boston. Trustee: American Loan and Trust
Co., Boston.

(12 and 13) The Cincinnati and Springfield bonds are secured in the order of their priority on the
line from Ludlow Grove (6.26 m. from Cincinnati) to Dayton, O., 48.05 miles. They are $1,000 coupon bonds.
Interest on the firsts is guaranteed one-half each by the Lake Shore and Michigan Southern Ry. Co. and the
C., C., C. & I. Ry. Co., the guarantee being endorsed on each bond. Trustee: 1st mtge., Union Trust Co.,
New York; 2d mtge., Oscar Townsend, Cleveland, O. Interest on Ists payable at the office of the trustee; on
2ds, at the office of J. P. Morgan & Co., New York, N. Y.

(14) The Cincinnati, Lafayette and Chicago bonds are secured on the line from Templeton, Ind., to
Kankakee, 111., 56.74 miles. They are $1,000 gold coupon bonds.

(15) The White Water Valley Division bonds are secured by purchase money mortgage on the line
from Harrison, O., to Hagerstown, Ind., 62.40 miles. They are $1,000 gold coupon bonds, with provision for
registration of principal. Trustees: Central Trust Co., of New York, and J. Alfred Barnard.

(16) The St. Louis Division 1st collateral trust mtge. bonds are for $1,000 each, coupon or registered
.oupon bonds are exchangeable for registered bonds in sums of $1,000 or multiples thereof. The bonds wen:

the St. L., A. & T. H. RR. Co. in payment for the lines now forming the St. Louis D-'vision, ami
st collateral lien on that division, being secured by deposit in trust of $10,000,000 Cairo, Vin-
cennes and Chicago purchase money mortgage issued in 1890. There are outstanding $9,697,000 of the bonds,
303,000 being held in the sinking fund, interest on them being applied to purchase of bond*
at 106 and interest. All bonds so purchased go to increase the sinking fund. The bonds cannot be compul-
sorily drawn before maturity, and if bonds cannot be bought at the specified price within 60 days, the interest
on the bonds in sinking fund goes to the C., C., C. & St. L. Ry. Co. (See MANUAL for 1895 )

POOR'S MANUAL — CLEVELAND, CINCINNATI, CHICAGO <fe. ST. LOUlS SYSTEM. 417

(17) The Cincinnati, Wabash and Michigan Division bonds were issued under joint mortgage givan
by the C., C., C. & St. L. and the C., W. <fc M. By. Cos., and are secured on the line of the latter company
from Rushville, Ind., to Benton Harbor and St. Joseph, Mich., 203.6 miles. Also upon all property of every
description, including real estate, rolling stock, etc., now owned or hereafter acquired. They are $1,000 gold
coupon bonds, with privilege of registration. Trustee: United States Trust Co., New York, N. Y.

(18) The yen. mtge. gold bonds of 1993 are authorized to the amount of $50,000,000, of which $29,252,000
were reserved for retirement of prior lien bonds outstanding on the various lines (exclusive of those secured
on the Cairo, Peoria and Michigan Divisions and on *hat portion of the St. Louis Division lying west of
Terre Haute), and $15,748,000 were reserved for construction, equipment, and double track, to be issued after
July 1, 1894, at the rate of not exceeding $1,000,000 yearly. During the past year $2,500,000 of these bonds
were sold, at 80 cents on the dollar, and the proceeds applied to the payment of $788,000 of bills payable and
$362,321.24 of equipment notes and to the retirement of $427,000 of prior lien bonds. The bonds are for $1,000
each, in coupon and registered forms, coupon bonds having registration privilege. Trustee: Union Trust Co.,
Indianapolis, Ind.

RAILROADS LEASED OK OWNED BY THE C., C., C. &*ST. L. RY. Co.

Davie, Sec.; P. D. Comstock, Treas. General Office.
Cincinnati, O.

Harrison Branch RR.— Valley June, to Har-
rison, O., 7.70 m.; total track (steel), 8.79 miles.
Built in 1864. Leased In perpetuity to the C., C , C
& St. L. Ry. Co., at a rental of 7 p. c. on $200,000
stock, all owned by the lessee. M. E. Ingalls, Prea ;
E. F. Osborn, Sec. & Treas., Cincinnati, O

Vernon, Greensbnrgr and Rnshville
RR.— Vernon to Rushville, Iftd., 45.10 m.; total
track, 53.41 miles. Rail (steel), 56 Ibi. Chartered
July 10, 1879; opened in July, 1881. Operated by the"
C.,C.,C.& St. L. Ry.Co., which owns all of the bonds
and 70.2 p. c. of the capital stock. Capital stock,
$500,000; funded debt, 1st mtge. 7 p. c. 40-yr. $1.000
coup, bonds, dated May 1, 1880, interest payable at
Cincinnati, $450,000; floating debt (advances by
lessee), $188,703.42— total, $1,138,703.42. Contra:
Cost of road, $950,000; deficit (advanced by C., O.,
C. & St. L. Ry. Co.), $188,703.42. M. E. Ingalls.
Pres.; J. C. Da vie. Sec.; P. D. Comstock, Treas.
General Office, Cincinnati, O.

Columbus, Hope and Greensbnrgr RR.—

Columbus to Greensburg, Ind., 26.5 in.; sidings, 4.35
miles. Rail (steel, 10 m.), 56 Ibs. Construction
commenced in 1882 and completed in 1883. Road
opened May 10, 1884. Capital stock, $250,000; funded
debt, 1st mtge. 6 p. c. 30-yr. bonds, dated Oct. 1,
1882, $275,000; advances by C., C., 6. & St. L. By.
Co., $31,400.57— total, $556,400.57. Contra: Cost «f
road, etc., $525,000; deficit advanced by C., C., C. &
St. L. Ry. Co., $31,400.57. All of tbe bonds and 61.1
p. c. of the stock owned by the lessee. M. E. Ingalls,
Pres.; J. C. Davie, Sec.; F. D. Comstock, Treas.
General Office, Cincinnati, O.

Fairland, Franklin and Martinsville

RR.— Fairland to Martinsville, Ind., 37.50 m.;
total track (steel, 6.50 m.), 41.77 miles. Organized
in 1876 as successor to the Cin. & Mart. RR. Co.,
whose road was sold under foreclosure in that year.
Leased to the C., C., C. & St. L. Ry. Co.; rental,
net earnings. Capital stock (par, $25), $50.000. all
owned by the lessee. M. E. Ingalls, Pres.; J. C.

Board of Directors, C.,C.,C.& St. L. Ry. Co., elected Oct. 27, 1897.

Till Oct., 1898.

Jas. Barnett Cleveland, O.

Alex. McDonald Cincinnati, O.

Geo. A. Farlow Boston, Mass.

Till Oct., 1899.

George T. Bliss New York, N. Y.

James D. Lay ng... " "

H. McK. Twombly. " "

F. W. Vanderbilt. . " "

One Vacancy.

Till Oct., 1900.

C. Vanderbilt New York, N. Y.

W.K. Vanderbilt..

C. M. Depew "

J. P. Morgan " "

M. E. Ingalls Cincinnati, O.

MELVILLE E. INGALLS, President Cincinnati, O.

J. D. Layng, Vice-President New York, N. Y.

Secretary— E. F. Osborn Cincinnati, O. I General Manager— C. E. Schaff . Cincinnati, O.

Treasurer— Charles I'. Cox New York, N. Y. I Auditor— P. A. Hewitt " "

PRINCIPAL OFFICE AND ADDRESS Cincinnati, 0.

CLEVELAND, CINCINNATI, CHICAGO AND ST. LOUIS SYSTEM.— KANKAKEE

AND SENECA RR. CO.

Line of Road. — Kankakee, 111., to Seneca, 111 42.08 miles.

Sidings, 6.54 miles. Gauge, 4 ft. 8i in. Rail (steel, 25.58m.), 56 IDS. per yard.

History.— Chartered Feb. 22d, 1881 ; road opened in Jan., 1882. It connects the C., C.,
C. & St. L. System with the Chicago, Rock Island and Pacific, and is owned jointly by those
companies. Operated by the C., C., C. & St. L. Ry. Co.

Operations, year endiug June 80, 1897. — Train mileage (mixed), 70,639 miles. Passen-
gers carried, 19,385 ; carried one mile, 326,321 ; average mile rate, 2.76 cents. Tons freight
moved, 406,146 ; movled one mile, 11,737,055 ; average ton-mile rate, 0.56 cent. Earnings —
passenger, $8,995.26 ; freight, $65.716.49 ; mail, $1,831.84 ; express, $2,400 ; other, $1,656.25
—total, $80,599.84. Expenses— transportation, $31,755.46 ; rolling stock, $8,454.33 ; main-
tenance of way, $18,200.07 ; general, $2,520.37— total, $60.930.23. Net earnings, $19,669.61.
Payments : Interest on bonds, $39,000 ; taxes, etc., $8,269.52— total, $47,269.52. Deficit,
$27,599.91 ; deficit forward, $558,280.63— total, $585,880.54.

Financial Statement, June 30, 1897.— Capital stock (par, $50), $10,000; funded debt
(1st mtge. 6 p. c. 40-yr. coup. cy. bonds, due July 1, 1922, interest Jan. and July), $650,000 ;
interest unpaid, $585,000 ; deficit, due C., C., C. & St. L. Ry. Co., $23,109.41— total, $1,268,-
109.41. Contra .- Cost of road, $682,228.87 ; profit and loss, $585,880.54— total, $1,268,109.41.

27

418 POOK'S MANUAL OF EAILROADS — RAILROAD "SYSTEMS."

Trustees of bonds : R. R. Cable, Chicago, 111., and M. E. Ingalls, Cincinnati, O. Interest
payable at the office of J. P. Morgan & Co., New York, N. Y.

Directors.— M. E. Ingalls, E. F. Osborn, Cincinnati, O.; R. R. Cable, W. G. Purdy,
Chicago, 111. ; T. P. Bonfield, Kankakee, Dl.

T. P. BONFIELD, President Kankakee, 111.

Secretary- J C Davie . . .Cincinnati, O. | Treasurer— Y. D. Cometock Cincinnati, O.

' 'Auditor— P. A. Hewitt Cincinnati, O.

PRINCIPAL OFFICE AND ADDBESS Cincinnati, O.

CLEVELAND, CINCINNATI, CHICAGO AND ST. LOUIS SYSTEM.— MOUNT

GILEAD SHORT LINE RR.

Line of Road.— Mt. Gilead to Edison, 0 2 miles.

Sidings, 0.53 mile. Gauge, 4 ft. 8* in. Rail (steel, 2 m.), 56 Ibs.

History.— Completed and opened May 3, 1880. Leased to the C., C., C. & St. L. Ry. Co.
for 20 years from April 15, 1880, renewable for one, two, or three like terms, but not to ex-
ceed in the aggregate 99 years, at a rental equal to one-third of net earnings. The road is
owned by the corporation of Mt. Gilead. AH of the bonds ($24,000) issued for its construc-
tion have been paid off. (See MANUAL for 1896.)

Operations, year ending June 30, 1897. — Trains run (mixed), 18,956 miles. Passengers
carried, 19,816 ; carried one mile, 39,632. Tons freight moved, 12,199 ; moved one mile,
24,398. Earnings— passenger, $1,981.63; freight, $1,698.58; other, $605.47— total, $4,285.68.
Operating expenses, $3,608.96. Net earnings, $676.72. Paid taxes, $256.41. Surplus,
$420.31. Deficit in operating up to June 30, 1897, due to C., C., C. & St. L. Ry. Co.,
$15,968.24.

Trustees.— J. H. Pollock, President; N. G. Beebe, Secretary; M. B. Talmadge, R. B.
Levering, W. M. Carlisle, Mt. Gilead, O.

CLEVELAND, CINCINNATI, CHICAGO AND ST. LOUIS SYSTEM.— PEORIA

AND EASTERN RR.

line of Road. — Pekin, 111., to Indianapolis, Ind 202.15 m.

Springfield Division : Springfield, O., to Indianapolis, Ind 139.24 m.— 341.39 miles.

Trackage: Peoria and Pekin Union By.: Pekin to Peoria, 111 9.02 "

Total length of lines operated June 30, 1897 350.41 miles.

Sidings, 104.96 miles. Gauge, 4 ft. 8i in. Rail (steel, 341.39 m.), 67 Ibs.

History. — Reorganization, Feb. 22, 1890, of the Ohio, Indiana and Western Ry. Co.
That company's line extended from Springfield, O., via Indianapolis, Ind., to Pekin, III.,
341.43 miles. The section from Indianapolis, Ind., to Pekin, 111., is the present Peoria and
Eastern Ry. ; the line from Indianapolis, Ind., to Springfield, O., 139.77 m., was conveyed by
the purchasers of the O., I. & W. to the Cleveland, Cincinnati, Chicago and St. Louis Ry.
Co. for the sum of $5,000,000, payable in 50 years, which sum, carrying with it the annual
net income of the property up to $200,000 per annum, was reserved and declared as a pur-
chase-money lien in the conveyance so made. Leased till April 1, 1940, to the C., C., C. &
St. L. Ry. Co. (which guarantees the interest, but not the principal, of the first consols) at
cost ; and it is provided that if the net earnings of the road and the income from the pur-
chase-money lien before mentioned are not sufficient, to provide for the interest on the bonded
debt of the Peoria and Eastern Ry. Co. (other than its income bonds), the lessee shall supply
the deficiency, and look only to future surplus net earnings and income (over and above
interest requirements) for the money so advanced. Operations not included in those of the
lessee.

Rolling Stock, June 30, 1897. — Locomotives, 67. Cars — passenger, 20; baggage and
postal, 14 ; freight (box, 640 ; stock, 2 ; coal and flat, 294 ; caboose, 43), 979 ; service, 166—
total cars, 1,179.

POOR'S MANUAL — DAYTON AND UNION RR. CO. 419

Operations, year ending June 30, 1897. — Train mileage — passenger, 695,641 ; freight,
765,811— total, 1,461,452 miles. Passengers carried, 559,174; carried one mile, 18,468,472;
average mile rate, 2.326 cents. Tons freight moved, 1,221,268; moved one mile, 181,490,217
tons ; average ton-mile rate, 0.604 cent. Earnings — passenger, $429,584.66 ; freight, $1,-
095,741.98 ; mail and express, $103,760.34 ; otber, $2,016.06— total, $1,631,103.04. Operating
expenses, $1.227,633.38. Net earnings, $403,469.66. Payments : Interest on bonds, $419,-
120; taxes, $83,122.82; miscellaneous, $12,500— total, $514,742.82. Deficit, $111,273.16;
deficit forward, $1,257,833.23— total, $1,369,106.39, advanced by the C., C., C. & St. L.
Ry. Co..

Financial Statement, June 30, 1897.— Capital Stock, $10,000,000; funded debt (Istmtge.
I., B. & W. Ry. pref. 7 p. c. $100, $500, and $1,000 coup. cy. bonds, dated April 15, 1879,
due Jan. 1, 1900, interest Jan. and July, $1,000,000; O., I. & W. Ry. 5 p. c. 50-yr. $500 and
$1,000 coup, gold bonds, due April, 1938, interest Jan., April, July, and Oct., $500,000 ; con-
sol. 4 p. c. 50-yr. $1,000 cy. bonds, due April 1, 1940, interest April and Oct., $8,103,000 ; 2d
consol. 4 p. c. 100-yr. $1,000 cy. bonds, due April, 1990, $4,000,000), $13,603,000 ; advances
by C., C., C. & St. L. Ry. Co., $1,369,106.39— total, $24,972,106.39. Contra: Cost of road,
etc., $23,603,000 ; profit and loss, $1,369,106.39— total, $24,972,106.39. Advances by C., 0.,
C. & St. L. Ry. Co. represent deficit in operating and construction accounts to date. The
lessee owns one-half of the capital stock.

The consol. Ists are a first lien on the railway from Indianapolis, Ind., to Pekin, 111., 202.15 m., and are
further secured by an assignment to the trustees of $5,000,000 purchase-money lien on the line between Indian-
apolis, Ind., and Springfield, O., by an agreement dated March 25, 1890, between the Peoria and Eastern and
the C., C., C. & St. L. Ry. Co. and the trustee of the mortgage. It is agreed that in case of default under
either of the first or income mortgages the purchase-money lien, may, at the option of the trustee, at once
become due and payable, and may either be sold as a part of the mortgaged premises or the trustee may pro-
ceed to foreclose the property in respect to which the lien was declared and reserved. Trustees of bonds:
Central Trust Co., New York, and C. W. Fairbanks, Indianapolis, Ind.

Directors.— M. E. Ingalls, Cincinnati, O.; J. C. Tucker, Chicago, 111.; John A. Glover,
Urbana, 111.; E. F. Osborn, Cincinnati, O.; T. P. Bonfield, Kankakee, DL

M. E. INGALLS, President Cincinnati, O.

Secretary— J. C. Davie Cincinnati, O. | Treasurer— TF. D. Comstock Cincinnati, O.

PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.

DAYTON AND UNION RAILROAD COMPANY.

OPERATED BY THE CLEVELAND, CINCINNATI, CHICAGO AND ST. Louis RT. Co.; OWNED JOINTLY BY THE
CLEVELAND, CINCINNATI, CHICAGO AND ST. Louis RY. Co. AKD THE CINCINNATI, HAMILTON AND
DAYTON RY. Co.

Main Line of Road. — Union City, Ind., to Dodson, 0 31.69 m.

Trackage : Dayton and Western RR.: Dodson, O., to Dayton, 0 15.26 m. — 46.95 miles.

Sidings, etc., 4.43 miles. Gauge, 4 ft. 81 in. Rail (steel, 31.69 m.), 56 and 60 Ibs.

History. — Reorganization, Jan. 19, 1863, of the Greenville and Miami RR. Co., whose
road was sold under foreclosure Oct. 30, 1862. (See MANUAL for 1888, page 433.) Right of
way over the Dayton and Western RR. is leased from the Pittsburgh, Cincinnati, Chicago
and St. Louis RR. Co., at an annual rental of $10,000. Operated by the C., C., C. & St. L.
Ry. Co., which, jointly with the Cincinnati, Hamilton and Dayton, owns the capital stock.

Rolling1 Stock, June 30, 1897. — Locomotives, 4. Cars — passenger, 4 ; baggage, etc., 2 ;
freight (box, 37 ; flat, 1), 38 ; other, 2— total cars, 46.

Operations, year ending June 30, 1897. — Train mileage — passenger, 93,914 ; freight,
42,894— total, 136,808 miles. Passengers carried, 118,863 ; carried one mile, 2,528,106.
Ton-i freight moved, 137,835 ; moved one mile, 4,310,962. Earnings — passenger, $60,292.78 ;
freight, $69,251.37 ; mail, $4,315.48; express, $1,670.94; rents, $307.46— total, $135,838.03.
Expenses — transportation, $32,228.31 ; motive power, $10,426.35; maintenance of cars, $3,-
160.08 ; of way and buildings, $19,408.75 ; general, $16,404.96— total, $81,628.45. Net earn-
ings, $54,209.58. Payments: Interest on bonds, $15,881.93; rental, $13,876.05; sinking
fund, $5,000; taxes, $5,44384; other, $9,304.99— total, $49,506.80. Surplus, $4,702.78;
surplus forward, $140,153.57— total, $144,856.35.

420 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Financial Statement, June 30, 1897,-Capital stock (auth., $1,000,000; $100 shares),
$86,300 ; funded debt (1st mtge. sinking fund 7 p. c. 30-yr. $1,000 coupon bonds, dated Dec.
1, 1879, interest June and Dec.), $225,000 ; bonds redeemed, $301,000 ; bond scrip redeemed,
$364.88 ; income bond scrip, $1,080 ; current accounts, $18,265.82 ; profit and loss, $144,-
856.35— total, $778,177.05. Contra: Cost of road and equipment, $623,075.62; materials
and fuel, $14,477.93 f cash on hand, $139,970.03; due from agents, $653.47— total, $778,-
177.05. Trustee of bonds: Central Trust and Safe Deposit Co., Cincinnati, O. Coupons
payable at American Exchange National Bank, New York. The income bonds have been
redeemed.

Directors.— M. D. Woodford, H. P. Shoemaker, J. D. Layng, New York, N. Y.; C. G.
Waldo, J. T. Dye, C. E. Schaff, E. F. Osborn, Eugene Zimmerman, Cincinnati, O.; C. W.
Fairbanks, Indianapolis, Ind.

H. P. SHOEMAKER, President New York, N. Y.

E. F. Osborn, Vice-President and Secretary Cincinnati, O.

Treasurer— F. H. Short Cincinnati, O. | Auditor— P. A. Hewitt Cincinnati. O.

PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.

COLUMBUS, HOCKING VALLEY AND TOLEDO RAILWAY COMPANY.

„ ( Toledo Division : Rockwell to Columbus, O 120.0 miles.

l.ines »i ] Hocking Valley Division : Columbus to Athens, 0 76.0 "

( Ohio River Division : Logan to Pomeroy, 0 83.0

Branches :

Logan to New Straitsville, O 13.0 m.

NeTsonville to Monday Creek Juno., O. . .17.0 m.

Brush Fork June, to New Pittsb'gh, O.3.0 m.

Sand Run June, to Sand Run, O 3.0 m. — 44.00 "

Snow Fork June . to Coalgate, O 8.0 m.

Operated : Wellston and Jackson Belt Ry.: McArtbur Jet. to Jackson, 0 17.5 "

m , ( Tol., Walhonding V. & 0. RR.: Walbridge to Toledo, 0. . 6.0 m.

Lage : } L. S. & M. So. Ry.: Rockwell to Toledo, 0 2.5 m.— 8.5 "

Total length of all lines operated Dec. 31, 1897 349.0 miles.

2d track, 25m.; sidings, 150 miles. Gauge, 4 ft. 8£ in. Rail (steel, 418 m.), 52, 60, 63, 67 Ibs.

History. — Consolidation, Aug. 20, 1881, of the Columbus and Hocking Valley, Columbus
and Toledo, and Ohio and West Virginia RR. Cos. In 1881 purchased for $8,000,000 the
entire capital stock, $1,500,000, of the Hocking Coal and RR. Co., covering 10,000 acres of
coal lands. (See MANUAL for 1888.) The company having became financially embarrassed,
a receiver was appointed on Feb. 25, 1897 on application of the Central Trust Co., New York.
Subsequently, interest having been defaulted on the March, 1897, coupons on the consol. mtge.
bonds, the Central Trust Co., as trustee, filed a suit for foreclosure of the consol. mtge. These
coupons were subsequently purchased by J. P. Morgan & Co. for $25 each ; the same firm
also advanced $20 on the coupons of the same bonds due Sept., 1897 and March, 1898. A ma-
jority of the consols, and general mtge. 6s have been deposited with J. P. Morgan & Co., but
no plan of reorganization had been promulgated up to June 15, 1898. The last coupon paid
on general mtge. 6s was that of Dec., 1896, and on general lien 4s that of Jan., 1897.

Interest on the joint mtge. bonds having been in default since Aug. 1, 1897, the Knicker-
bocker Trust Co., trustee, filed a bill, March 4, 1898, asking for the sale of the road to satisfy its
mortgage, at the same time asking that the joint mtge. be declared superior in lien to the
consol. mtge. and that the latter be declared -void on the ground of ultra vires. The deci-
sion, which was handed down April 25, 1898, denied the Knickerbocker Trust Co. its prayer,
and held that, subject to the divisional mortgage liens, the consol. mtge. bonds have the first
lien, the joint mtge. bonds the second, and the new gen. lien bonds the third, and directed that
a decree of foreclosure be drawn, the terms thereof to be settled by the Court in the event the
parties fail to agree thereon.

Rolling Stock, Dec. 31, 1897.— Locomotives, 94. Cars— passenger, 41 ; parlor, 3 ; bag-
gage, 12 ; freight (box, 1,001 ; flat, 95 ; coal, 6.066; caboose, 40), 7,202 ; service, 27— total
cars, 7,285 ; of the foregoing, 10 locomotives, 4 i7 box, 94 flat and 5,503 coal cars are held
under car trusts. In addition the company operates, under a mileage agreement, 496 box
and 220 coal cars.

POOR'S MANUAL — COLUMBUS, HOCKING VALLEY AND TOLEDO BY. CO. 421

Operations, year ending Dec. 31, 1897. — See tabulated statement below.

Earnings— Passenger $440,136 81

Freight 2,037,333 11

Mail and Express 66,322 57

Miscellaneous 36,674 95

Expenses— Conducting Transportation 914,35425

Maintenance of Equipment 241,414 96

Maintenance Way, etc. 322,667 87

General 83,390 49

Total ($7 ,393.88 per mile) $2,580.467 44 Total ($4,475.15 per mile) $1,561,827 57

Net earnings (39.47 p. c.), $1,018,639.87. Payments : Interest on bonds (C. & H. V. 1st
mtge., $91,065; C. & T. 1st mtge., $140,000; C. & T. 2d mtge., $42,000; O. & W. V. 1st
mtge., $110,880), $383,945 ; on car trust, $77,520.72 ; on receiver's certificates, $9,177.84;
other interest, $18,232.20; taxes, $110,140— total, $599,015.76. Balance, net income,
$419,624.11.

Statement of operations, income account, etc., for eight years ending Dec. 31, 1897 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles RR. Operated (Aver.)
Passenger Train Miles
Freight Train Miles

325.00
652,546
1,689,559
2,960,482
42,289,535
730,641
18,414,864
3,249,560
387,850.191
2,288,973

3,078,900
1,748,553

326.00
643,975
1,782,114
3,168,977
44,258,392
867,326
20,577,218
3.464,577
407.505,847
2,344,656

3,293,925
1,847,999

327.70
641,396
1.604,751
2.968,102
44,730,169
990,845
22,580,913
3,564,052
433,927.390
2,422,915

3,372,586
1,890,444

329.00
601,477
1,077,667
2.327,1)40
40,064,'139
955.750
22,671,930
3,532.476
431-347.341
2,493,125

3,270,362
1,901,432

329.00
674,555
787,480
2,090.002
31,429,534
832,419
19,142,446
3,204,997
354,495,583
2,055,371
$
2,688,700
1,538,897

329.00
701,527
854,623
2,224.362
32,172,617
974,258
23,685,422
3,233,933
369,716,443
2,059,591

$

2,676,421
1,566,766

346.50
784,665
805,973
2,149,499
30,615,174
942,588
27,444,581
3,361,004
361,982,915

349.00
770,451
899,910
2,167,984
33,473,734
808,765
26,506,794
3,685,848
412,231,337
2,183,684
$
2,580,467
1,671,968

Total Train Miles

Passengers Carried

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Coal Included in Freight. . .
Gross Earnings

$

2,505,611
1,529,589

Expenses and Taxes

1,330,347
10,000

1,445,926
10,000

1,482,141
10,000

1,368.930
10,000

1,149,803
10,000

1,109,655
19,606

976,022

908,499

Tot. Available Revenue
Fixed Charges

1,340,347
1,001,910

1,455,926
1,001,945

1,492,141
949,834
(2i) 50,000
55,782

1,378,930
948,676
(5) 100,000
67,266

1,159,803
948,795
(5) 100,000
102,436

1,129,261
923,030
(5) 100,000
115,769

976,022
958,110

*

908.499
383,945

Dividends on Pref. Stock . .
Other Charges

38,205

60,850

105,123

104,931

Total Charges

1,040,115
+ 300,232

9,47323
5,38016
4,09307
56.79 p. c.
2.52 c.
9.64 c.

1,062,795
+ 393,131

10,104 06
5,66877
4,43529
56-10 p. C.
2.40 C.
0.65 c.

1,055,616
+ 436,525

10,291 68
5,768 82
4,52286
56-05 p. c.
2.35 c.
0.62 c.

1,115,942
+ 262,988

9,94031
5,77943
4,16088
58.14 p. c.
2.36 c.
0.60 c.

1,151,231
+ 8,572

8,17233
4,677 49
3,494 84
57.23 p. c.
2.22 C.
0.61 c.

1,038,799
- 9,538

8.135 01
4,76828
3,36673
58.54 p. c.
1.86c.
0.58 c.

1,063,233
- 87,211

7,44609
4,54558
2,90051
61.05 p. c.
1.66 c.
0.54 c.

488,876
+ 419,623

7,393 88
4,790 74
2,603 14
64.79 p. c.
1.66C.
0.49 C.

Balance (+or — )

Gross Earnings per Mile. . . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile
Av. Rate per Ton per Mile.

* Dividends of 2J p. c. each, aggregating $100,000 for the year, were paid in Jan. acd July, from accu-
mulated surplus.

General Balance Sheet, Dec. 31, 1895 (latest rendered).

Construction $15,098,701 15

Equipment 5,473,859 19

Real Estate, Docks, Right of Way, etc 1,550,171 36

Machinery and Tools 84,142 98

Stock— Hocking Coal & RR. Co 8,000,000 00

Stock— Ohio Land & Ry. Co 200,00000

Stock— Wellston & Jackson Belt Ry. Co. . 255,000 00

Bonds (par, $10,500) ... 2,00000

Equipment to be charged to Maintenance.. 704,285 81

Supplies on Hand 72,501 43

Due from Agents 100,429 63

Due from Railroads 89,20994

Due from other Accounts 142,395 73

Deposit with Atlantic Trust Co. in lieu of

court bond 260,000 00

Preferred Stock in Treasury 500,000 00

Bonds in Treasury (joint 6 p. c.) 382,000 00

Deposit in New York to pay coupons 42,079 50

CashonHand 174,71878

Capital Stock— Common ....,,..,.,.. .$11,696,300 00

Capital Stock— Preferred 2,500,000 00

Funded Debt Outstanding (see below) 16,085,000 00

* Car Trust 6 p. c. Bonds of April 1, 1904

(int. Jan., April, June and Oct.) 1,519,00000

BillsPayable 622,20000

Accrued Interest on Bonds 271,337 50

Other Accrued Interest.
Interest Coupons Outstanding.

Unclaimed Dividends ,

Due Agents

Due Railroads

Due Ohio Land & Ry. Co

Due on Other Accounts

Profit and LOBS

6,524 72
51,33750
5250
123

16,505 41

60,737 96

71,493 10

231,09658

Total Assets $33,131,58650 Total Liabilities $33,131,58650

* Subject to redemption for sinking fund by lot.

The preferred stock is entitled to 5 p. c. non-cumulative dividends, and is redeemable, at the option of
the company, at par, at any time.

NOTE. — The company's financial statement will not be forthcoming until the reorganization plan is sub-
mitted, which will make it too late for publication in this edition of the MANUAL. The preceding statement
is repeated from the MANUAL for 1896. For statement of general balances for eight years (1888 to 1895), see
eight -year tabular statement in MANUAL for 1896, page 505.

422

POOR'S MANUAL OF- RAILROADS — RAILROAD "SYSTEMS.

Funded debt outstanding (total, $16,085,000) consisted, Dec. 31, 1895, of the following :

1st mtge. (C. & H. V. RR.) 7 p. c. 30-yr. $500 and $1,000 cy. bonds, due Oct. 1, 1897 (see below)... .$1,401,000

I8t mtte. (C. & Tol. RR.) 7 p. c. 30-yr. $1,000 cy. bonds, due Aug. 1, 1905, int. Feb. and Aug. ...... 2,5* ,000

2d mtge. (C. & Tol. RR.) 7 p. c. 20-yr. $1,000 cy. bonds, due Sept. 1, 1900, mt. March and Sept ...... 600,000

1st mtge. (O. & W. V. RR.) 7 p. c. 30-yr. $1,000 cy. bonds, due May 1, 1910, int. May and Nov ..... 1,584,000

Con nitee (C H V. & T.) 5 p. c. 50-yr. $1,000 gold bonds, due Sept. 1, 1931, int. March and Sept.. 8,000,000
Joint m?ge.(C.,H. V. & T., & H. C. & RR Cos.) 6 p. c. 20-yr. $1,000 gd. bds. of June 1, 1904, int. J. & D. 2,000,000

The G & H V. RR. Ists are secured on the lines from Columbus to Athens, O., 76 m., and 46 m. of
branches. Trustee: Wm. Dennison. On their maturity on Oct. 1, 1897, they were extended until Oct. 1,
1898 or for any such longer period as the property shall be in custody of the Court, interest at 6 p. c. per
annum payable in gold coin April 1 and Oct. 1. The Columbus and Toledo RR. bonds are secured in the
order of their priority on the line from Columbus to Walbridge, O., 124 miles. Trustees: Ists, Samuel M.
Young and Wm. G. Deshler; 2ds, P. W. Huntington and Horace S. Walbridge. The Ohio and West Virginia
RR. bonds on the line from Logan to Pomeroy, O., 83 miles. Trustees: Wm. G. Deshler and P. W. Hunting-

The total issue of car trust bonds was $1,750,000, of which $566,000 had been retired, June 22, 1898, under
the provision of a sinking fund which retires T\, of the issue yearly, the bonds being subject to call at par and
interest. These bonds are secured on the equipment. They were issued ($1,400,000) to provide for the pur-
chase of outstanding car trust lease warrants of the company, and $350,000 for purchase of additional equip-
ment. Coupons paid by the trustee, Atlantic Trust Co., New York, N. Y.

The consols are secured by a first consol. mtge. on the entire railway property of the company, and by a
first mtge. on its coal lands and all other property owned or to be acquired. Principal and interest payable
in gold, free of all taxes. The bonds are for $1,000 each and are coup., with provision for registration of
principal. Authorized issue, $14,500,000; reserved for retirement of an equal amount of prior liens, $6,500,000;
but in 1892, $777,000 consols reserved for same amount of 7s, due Jan. 1, 1892, were cancelled, the 7s having
been retired by the preferred stock. The last coupon paid by the company was that of Sept., 1897, subsequent
coupons having been purchased (see page 420). Trustee: Central Trust Co., New York, N. Y.

The 6 p. c. gold bonds of 1904 were issued conjointly by the C., H. V. & T. Ry. Co., and the Hocking
Coal and RR. Co., and are secured by a gen. mtge. on the properties of both companies. Principal and inter-
est payable in gold at the New York agency. They are coup, bonds, of $1,000 each. Last coupon paid was
that of Dec., 1896. Trustee: Knickerbocker Trust Co., New York, N. Y.

This company also guarantees by endorsement payment of principal and interest of $1,375,000 outstanding
Ohio Land and Ry. Co., purchase money 6 p. c. 20-yr. $1,000 gold bonds, due Jan. 1, 1914, interest Jan. and
July, and of $300,000 1st mtge. bonds of the Wellston and Jackson Belt Ry. Co., described in the appended
statement. The Ohio Land and Ry. Co. bonds are secured on 11,000 acres of coal lands, and are subject to call
for the sinking fund at 110 and accrued interest on Jan. 1, yearly, after Jan. 1, 1896.

Under date of Oct. 1, 1896, the company executed a mtge. to the Guaranty Trust Co., of New York,
trustee, to secure an issue of $30,000,000 gen. lien 4 p. c. $1,000 gold coup, bonds, of which $22,000,000 aie
reserved for the retirement of prior liens. The bonds are dated Oct. 1, 1896, and mature July 1, 1996; interest
payable Jan. and July, principal and interest in gold, in New York. Bonds to the amount of $5,200,000 are
set aside to be used only in improving and adding to the property; $462,000 additional were delivered to the
company for its general purposes; $2,338,000 were offered in exchange for the $1,375,000 Ohio Land and Ry. Co.
purchase money 6 p. c. bonds at the rate of $1,300 for every $1,000 and for the $300,000 Wellston and Jackson
Belt Ry. Co. 1st mtge. 6 p. c. bonds at the rate of $1,400 for every $1,000, and $1,500,406.75 bonds and scrip
were issued in exchange for $1,200,000 Ohio Land and Ry. Co. bonds. The last coupon paid on these bonds was
that of Jan., 1897.

All bonds are in coup, form, with privilege of registration (except the joint mtge. 6s, which have no
such privilege).

Receiver's Certificates. — There are now (May 15, 1898) outstanding $500,000 5 p. c. receiver's certificates,
authorized in July, 1897, the proceeds of which were used to relieve receiver's notes issued to pay for certain
claims, and other purposes.

Wellaton and Jackson Belt Ry.— Me-

Arthur Junction to Jackson, O., 17.5 m.; street tracks
in Wellston, O., 0.9 m.— total, 18.4 miles. Sidings,
5.5 miles. Gauge, 4 ft. 8J in. Rail (steel, 18.4 m.),
60 Ibs. Chartered Jan. 22, 1895; road opened to
Wellston, 7.5 m., Dee. 2, 1895; to Jackson, on March
1, 18SK5. Of this mileage, 8 m. of main track and
1.8 m. of sidings are operated under traffic agree-
ment by the C., H. V. & T. Ry. Co.; the remaining
12.2 m. of track Is operated by the Wellston and
Jackson I?elt Ry. Co., as an electric railway, the C.,
H. V. & T. Ry. Co. having trackage rights over same
between Wellston and Jackson. The W. & J. B. Ry. Co.
owns 5 motor and 5 trail cars. The Columbus, Hock-
ing Valley and Toledo Ry. Co. owns a controlling
interest ($255,000) in the stock, and guarantees prin-
'•ipal H ml Interest of bonds. Operations, year endine
Dec. 31, 1897.— Earnings (passenger, $27,824; other,

$1,349; rental, $3,498), $32,670, Expenses and taxes,
$26,683. Net earnings, $5.987. Charges: Interest on
bonds, $18,000; other, $4,506— total, $22,506. Deficit,
$16,518; deficit forward, $11,510— total, $28,029. Fi-
nancial Statement. Dec. 31, 1897.— Capital stock
(shares, $100), $255,000; funded debt (1st mtge. 6
p. c. 20-yr. $1,000 coupon bonds, due Aug. 1, 1915,
interest Feb. and Aug. at office of State Trust Co.,
New York, N. Y.). $300,000; accrued interest, etc.,
$12,006; unfunded debt, $103,835— total. $670,841.
Contra: Cost of road, etc., $635,557; other assets,
$7,255; income balance, $28,029— total, $670,841. The
bonds are secured on the line from McArthur Junc-
tion to Jackson, 17.5 miles. Trustee: New York
Security and Trust Co., New York, N. Y. C. O.
Hunter, Pres.; W. A. Mills, Vice-Pres.; Wm. N.
Cott, Sec. & Treas. ; F. B. Everett, Aud., Columbus,
O. General Office, Columbus, O.

Term expires March, 1899.
Samuel D. Davis. . .New York, N. Y
Thomas F. Ryan... " "

Chas. B. Alexander " "

Term expires March, 1900.

Calvin S. Brice Lima, O.

P. W. Huntington Columbus, O.

James Kilbourne " "

Board of Directors, Columbus, Hocking Vy. and Toledo Ry., elected March 15, 1898.

Term expires March, 1901.

W. A. Mills Columbus, O.

N. Monsarrat "

James W. Ellsworth Chicago, 111.

N. MONSARRAT, Receiver and Vice- President. Columbus, O.

Samuel D. Davis, Vice- President New York, N. Y.

Charles B. Alexander, Vice- President " "

Secretary and Treasurer— W. N. Cott Columbus, O. | Auditor— F. B. Everett Columbus, O.

PRINCIPAL OFFICE AND ADDRESS Columbus, O.

Financial Agents Samuel D. Davis & Co., New York, N. Y.

POORS MANUAL — DELAWARE AND HUDSON CANAL CO.

423

DELAWARE AND HUDSON CANAL COMPANY.

Lines of Railroad Owned and Leased :

Albany and SusqueJianna System (see page 426) 187.35 m.

Champlain System (see page 427) 151.08 m.

Pennsylvania System (for details, see page 426) 158.70 m.

Saratoga System (for details, see page 428) 191.80 m. — 688.93 miles,

Delaware and Hudson Canal : Honesdale, Pa., to Rondout, N. Y 108.00 "

Gauges, 4 ft. 3 in. and 4 ft. 8£ in. Rail (steel, 910.72 m.), 44, 46, 56, .62, 66, 67, 68, and 80 Ibs.

History. — The Delaware and Hudson Canal Co. was chartered by the New York Legis-
lature, April 23, 1823, to construct a canal and railroad from the coal fields of Pennsylvania
to the Hudson River at Rondout, N. Y. The canal, extending from Honesdale to Rondout,
was completed in Oct., 1828., the State of New York having in 1827 loaned its credit to the
enterprise to the amount of $500,000, and again in 1829 for $200,000. The Gravity Railroad
was completed in 1829. The coal product then amounted to 7,000 tons.

The company is largely engaged in mining and sale of coal. The total output of coal in
1897, was 41,637,863 tons. Coal produced from company's mines, 3,965,638.13 ; transported
for others, 1,681,213.18 — total, 5,646,852.11 tons. The gross receipts of the entire system
during the year equalled, $18,360,051 ; expenses, $13,085,661.67 ; net earnings, $5,274,389.33.
Paid taxes, interest, and rentals, $3,132,968.49. Balance, surplus, $2,141,420.84.

The company operates in the State of New York, under the name of the Northern Rail-
road Department (see pages 426 to 429), the Albany and Susquehanna, the Rensselaer and
Saratoga, and the New York and Canada RRs. with their branches and leased lines. The
Home and Clinton and the Utica, Clinton and Binghamton RRs. are leased by this company,
but were sub-let June 1, 1896, for 35 yeais, to the New York, Ontario and Western Ry. Co.,
at a minimum rental of $70,000 per annum. (See GENERAL INDEX.) The company controls
the Rutland RR. and the Adirondack Ry^., but these are operated separately. (See GEN-
EKAL INDEX.)

The Erie RR. transports a large part of the coal of this company under a contract which
has been in force for a number of years.

Profit and Loss Account, year ending Dec. 31, 1897.

Coal on Hand, Dec. 31, 1896 $1,539,365 57

Mining Coal 5,199,64061

Transportation, Canal, River, -etc

Transportation to Tidewater, via Erie...

Rondout Expenses

Weehawken Expenses

Real Estate Expenses

Salaries, Rent, Miscell. and Law Exp. ...

Taxes

Interest

Balance, Profit for the Year (6.12 p. c.). .

524,774 95

772,195 18

128,637 96

84,289 65

16,537 40

207,433 98

207.627 13

350.000 00

2,141,420 84

Total ................................ $11.171,923 27

Sales of Coal to Dec. 31, 1897 $8,018,905 08

Canal Tolls 51,470 76

Net Earnings from Railroads 1,333,674 23

Miscellaneous Profits, including Insur-
ance, Rentals, Boat Yard Account,

and Interest on Investments 537,971 47

Coal on Hand, Dec. 31, 1897 1,229,901 73

Total ................................ $11.171,923 27

Profit and Loss Statement (Leased RRs. in New York), 1897.

Maintaining RRs .......................... $709,802 24

Maintaining Equipment ................... 736,693 81

Operating Roads .......................... 2,936,235 35

Rentals, Interest, and Dividends .......... 2,575,341 36

Balance to Profit and Loss, D. & H. C. Co. 109,506 97

From Passengers $1,701,939 19

From Freight 5,262,78596

Miscellaneous 102,854 58

Total Debits $7,067,579 73

Total Payments $7,067,579 73

Profit and Lost Account (all RRs. operated) in 1897.

Gross
Earnings.

Operating
Expenses.

Net
Earnings.

Albany and Susquehanna

$

3,667,144 57

s

2,081,563 44

1,585,581 13

Rens^elaer and Saratoga .... . . .

2,446,367 01

1,625,600 36

820,766 65

New York and Canada

954,068 15

675,567 60

278,500 55

Pennsylvania Division »

2,993,587 80

1,769,420 54

1,224,167 26

Interest, Rental, and Dividends

6,152,151 94

3,909,015 59
2,575,341 36

Profit for 1897

1,383 674 23

NOTE.— The difference between the figures in the preceding statements and those given for the roads in
New York (see pages 426 to 428) arises from the fact that the figures here given are for the calendar year,
whereas those for the roads in New York are for the year ending June 30, that being the close of the fiscal
year in that State.

424

POOR'S MANUAL OF RAILROADS — RAILROAD " SYSTEMS."

Statement of profit and loss account and general balances D. & H. C. Co., and of earn-
ings of leased lilies, for eight fiscal years ending 31st of Dec.:

1890

1891

1892

1893

1894

1895

1896

1897

Profit and Loss Account
Sales of Ooal for Year —
Canal Tolls

$

7,875,379
58,183
1,693,226
853,785
330,927

$

7,574,114
55,570
1,125,695
656,299
1,081,822

$

9,854,422
65,025
1,503,593
387,740
856,733

S

10,405,425
52,729
1,375,379
467,529
390,956

S

7,480,509
40,373
1,077,322
697,380
773,137

$

7,187,858
42,336
1,308,193
1,260,279
954,658

S

7,2)6,363
44,515
1,269,085
522,069
1,539,366

$
8,018,905
51,471
1,333,674
537,971
1,229,902

Net Earnings Pa. RR
Miscellaneous Profits
Coal on Hand end of Year

Total Credits .'....

10,801,500

396,098
4,673,519
908,822
554,083
710,745
989,894
2,568,338

10,493,500

330,927
4,966,357
867,331
716,486
697,198
757,149
2,204,049

12,667,613

1,081,839
5,522,716
784.831
849,027
705,623
688,030
3,035,464

12,692,018

856,733
5,574,713
707,583
955,882
694,528
688.030
3,214,549

10,068,721

390,956
4,490,666
647,874
629,331
637,658
603,523
2,218,713

10,753,324

773,138
5,295,312
523,207
828,572
618,701
350,000
2,364,394

10,591,398

977,503
5,454,062
615,822
805,602
623,396
350,000
1,765,013

11,171,923

1,538,365
5,199,641
524,775
772,195
644,526
350,000
2,141,421

Coal on hand beg'ng of Year
Mining Coal ....

Coal Transportation, etc.. .
Canal Freight & Expenses
Tazes & Sundry Expenses
Interest

Balance

Total Debits

10,801,500

6,339,210
8,534,119
11,459,325
3,033,470
1,036,331
1,062,467
210,000
3,997.211
620,765
1,032,596
320,927
1,367,385
658,616
5,575,241
4,943,744
1,068,038

10,493,500

6,339,210
9,345,802
11,520,786
3,057,144
1,084-907
1,087^577
210,000
4,033,030
615,416
1,331,818
1,081,823
410,055
1,045,576
4,672,602
1,293,841
446,385

12,667,513

6,239,211

9,294,805
11,350,107
3,151,749
1,017,351
1,091,334
210,000
4,351,548
777,210
1,490.802
856,733
406,108
1,039,762
4,094,912
1,280,662
451,177

12,692,018

6,139,211
9,755,916
11,582,449
3,116,443
963,936
1,104,498
210,000
4,520,977
841,498
1,399,249
390,956
418,073
1,010,2%
3,903,642
f, 751, 599
525,029

10,068,721

6,139,211
10,001,235
11,607,458
3,228,532
955,589
1,104,498
210,000
4,697,961
' 946,392
1,324,916
773,138
492,545
980,811
3,897,021
1,384,867
194,770

10,753,324

6,139,21!
10,384,841
11,580,777
3,314,098
965,857
1,105,627
210,000
4,752,330
1,020,551
1.258,645
954,658
494,688
927,484
3,088,278
1,266,103
' 245,456

10,591,398

6,139,210
10,433,066
11,539,987
3,431,369
970,603
1.108,188
210,000
3,760,741
1,595,760
1,346,885
1,539,366
506,926
879,302
3,132,205
1,225,593
90,716

11,171,923

5,500,000
10,302,456
11,506,284
3,684,278
755,852
1,108,188
210,000
3,762,259
1,657,112
1,328,905
1,229,902
519,138
755,171
3,161,552
1,172,159
163,517

General Balances.
Canal

Road and Equipment

Real Estate

Mines and Fixtures

Coal Yard, Bargee, etc

Lack, and Susq. RR

Cherry Val., Sharon & A.RR.
New T&ork and Canada RR.
Other Railroads

Supplies on Hand

Coal on Hand

Other Property and Assets .
Advances

Stock, Bonds, etc

Cash on Hand

Bills and Accounts

Total Assets

51,259,445

30,000,000
15,378,000

47,575,966

30,000,000
9,829,000
1,200,000
724,198
5,822,768

47,103,471

30,000,000
9,829,000

47,633,772

30,000,000
9,829,000

47,938,944

35,000,000
5,000,000

47,708,004

35,000,000
5,000,000

47,909,929

35,000,000
5,000,000
1,300,000
609,059
6,000,870

46,816,774

35,800,000
5,000,000
1,100,000
588,430
5,128,344

Capital Stock

Funded Debt

Loans Payable

Miscellaneous Accounts
Profit and Loss

669,889
5,211,556

600,7'27
6,673.744

583,223

7,221,549

715,155
7,233,789

613,711
7,094,893

Total Liabilities .

51,259,445

1,775,884
5,481,690
86,057

47,575,966

1,808,219
5,010,134
91,045

47,103,471

1,901,736
5,210,769
93,841

47,638,772

1,799,758
5,105,389
89,926

47,938,944

1,735,083
4,671,085
97,337

47,706,604

1,754,925
5,063,158
102,911

47,909,929

1,694,052
5,195,981
100,476

46,816,774

1,701,939
5,262,786
102,855

Leased Lines.
Earnings, Passenger

Earnings, Freight. . . .

Earnings, Miscellaneous
Total Earnings

7,343,631

4,625,429
2,300,668

6,909,398

4,617,478
2,413,485

7,206;346

4,495,861
2,482,673

6,995,073

4,538,199
2,445,459

6,503,505

4,253,829
2,473,971

6,920,994

4,461,870
2,487,771

6,990,509

4,483,646
2,525,106

7,067,580

4,382,732
2,575,341

Operating Expenses. . .

Rentals Paid

Total Payments

6,926,097

7,030,963

6,978,534

6,983,658

6,727,800

6,949,641

7,008,752

6,958,073

Loss or Gain, B. & H. C. Co.

6)417,534

(L) 121,565

(6)227,812

(G) 11,415

(L) 224,295

(L) 28,647

L) 18,243

(G)109,507

Funded debt outstanding ($5,000,000) consisted, Dec. 31, 1897, of 1st mtge. coupon and registered (Pa.
Div.) 7 p. c. 40-yr. currency bonds, due li>17, interest March and Sept. The bonds secured upon the Pennsyl-
vania property are $10,000,000 in amount, of which $5,000,000 called " debenture " bonds matured in 1891.
On payment of those bonds the capital stock was increased $5,000,000. The interest formerly paid upon the
retired bonds is now applied to the payment of dividends upon the additional capital stock. The remaining
$5,000,000, maturing in 1917, were originally issued as coupon bonds of $1,000 each, with the privilege of
registration in sums of $5,000. Of these a considerable number have been already converted into registered
bonds. The authorized amount of the 7s of 1917 is $10,000,000. The bonds are secured by mtge. on the real
estate, coal lands, railroads, etc., of the company in the State of Pennsylvania, to the Union Trust Co. of
New York, as trustee. Interest payable at the company's office in New York, N. Y.

During the' past year there was charged off to general profit and loss account, $1,052,-
875.09 from the cost of property, the account reduced being, canal, $689,210.49 ; boats, $213,-
664.60 and equipment, $200,000. There were also charged off a number of smaller items,
aggregating $211,814.19 ; making the total amount charged off, $1,264,689.28.

" Stocks and Bonds Owned '' consists of $450,000 (4,500 shares) stock of the Albany
and Susquehanna RR. Co. ; $800,000 (8,000 shares) stock of the Rensselaer and Saratoga RR.

POOKS MANUAL — DELAWARE AND HUDSON CANAL CO.

425

Co.; $1,500,000 (40,000 shares) stock of the Rutland RR. Co.; mis«ellaneous stocks to the
amount or value of $267,767.24, and bonds valued at $143,785.25.

General Balance Sheet, Dec. 31, 1897.

Canal , $5,500,800 00

Railroads and Equipment 10,302,456 39

Real Estate $5,452,719 21

R.E.North. Coal & Iron Co. 6,043,564 57— 11,506,283 78

Mine Improvements 3,188,634 45

Mine Fixtures and Equipment 495,643 86

Boats, Barges, and Steamboats 579,549 76

Coal Yards and Fixtures 176,302 58

Lackawanna and Susquehanna RR 1,108,188 12

Cherry Valley, Sharon and Albany RR... 210,000 00

New York and Canada RR 3,762,259 15

Schenectady and Mechanicville RR 215,968 14

Construction, Leased Lines 1,441,14356

Telegraph Lines 18,707 74

Supplies on Hand 1,328,904 82

Shop Machinery, Tools, etc 500,43002

Coal on Hand • 1,229,901 73

Stocks and Bonds Owned 3,161,552 49

Advanced Royalties on Coal 755,170 72

Cash on Hand 1,172,158 97

Bills and Ac'ts Receivable. $3, 265, 204 90
Less Dec.PayRolla& Vouch. 3,101,687 44— 163,517 46
Total Assets $46,816,773 74

Capital Stock ,

Bonds: 1917

Int. and Dividends payable Jan. 1, 1898,
Dividends, Interest, and Bonds Unpaid..,

Loans Payable

Surplus

$35,000,000 00

5,000,000 00

476,550 00

111,879 73

1,100,000 00

5,128,344 01

Total Liabilities $46,816,773 74

Dividends. — During the year 1897 the company paid $1,750,000 as dividends on its capi-
tal stock, making a total of $69,581,226 distributed among stockholders from the organiza-
tion of the company to the close of the year 1897. Of this amount $62,937,726 was paid in
cask and $6,643,500 in stock. The following statement shows the dates and rates per cent,
of all dividends paid by the company ; for statement showing the amount of capital stock at
the close of each year from 1826 to 1883 and the amount and rate of dividends paid thereon,
se.! MANUAL for 1884, p. 247.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

l'.<1

1820

June
Dec. 4

1
1

1848

June
Dec.

10

8

1861

Jnne
Dec.

3
31

1873
1874

Ang.
Feb.

5

5

1886

March
June

1,
14

1892

Sept. •
Dec.

Ij
lj

1827

.1 une 4

1

1849

June

8

1862

Jnne

31

Ang.

5

Sept.

1;;

1893

March

Dec. 3

> i

Dec.

8

Dec.

31

1875

Feb.

5

Dec.

ij

June

ijj

1828

June 21

1

1850

June

8

1833

June

5

Aug.

5

1887

March

lj;

Sept.

lj

1833!

Dec. 17

3}

Dec.

6

1864

Feb.

10

1876

Feb.

5

June

1,

Dec.

lj

1833

June 20

3}

1851

June

5

Aug.

10

Aug.

4

Sept.

lj

1894

March

I

Dec. 21

31

Dec.

3

Aug.

*K;<J

1881

Jnne

H

Dec.

lj

June

1J

1839

June 80

3i

1852

June

3

1865

Feb.

10

Sept.

H

1888

March

1,

Sept.

lj

Dec. 21

3i

Dec.

5

Feb.

J14?

Dec.

Jl

Jnne

lj

Dec.

1

1840

Jnne 19

3}

1853

June

5

Aug.

10

1882

March

l|

Sept.

H

1895

March

1

Dec. 22

3*

Dec.

4

1866

Feb.

8

Jnne

if

Dec.

H

Jnne

l]

1841

June

3*

1854

June

5

Aug.

8

Sept.

j|

1889

March

li

Sept.

lj

Dec.

5

Dec.

6

1867

Feb.

8

Bee.

1|

June

i!

Dec.

I

1842

Jnne

5

1855

June

6

Aug.

8

1883

March

Sept.

U

1896

March

M

Dec.

4

Dec.

6

1868

Fi-5.

8

June

ij

Dec.

ii

Jane

i]

1843

June

4

1856

June

*10

Aug.

§26

Sept.

1}

1890

March

i!

Sept.

*4
|]

Dec.

4

Dec.

6

1869

Feb.

5

Dec.

1J

June

«

Dec.

4

1844

Jnne

4

1857

June

6

Aug.

5

1884

March

n

Sept,

ij

1897

March

]

Dec.

4

Dec.

4

1870

Feb.

5

June

if

Dec.

if

June

j

1845

June

*9

1858

June

3i

Aug.

5

Sept.

i

1891

March

ii

Sept.

1

Dec.

5

Dec.

31

1871

Feb.

5

Dec.

ij

Jnne

i?

Dec.

'

1846

June

8

1869

June

8*

Aug.

5

1885

March

i*

Sept.

ij

1898

March

]

Dec.

8

Dec.

31

1872

Fe£

5

June

H

Dec.

il

June

U*

1847

June

10

1860

June -

31

Ang.

5

Sept.

l*

1892

March

if

Dec.

10

Dec.

31

1873

Feb.

5

Dec.

1*

June

i|

25 p. c. stock, 4 p. c. cash. t 4 p. e. stock, 6 p. c. cash. J Stock. § 20 p. c. stock, 6 p. c. eash.

Board of Managers, elected May 10, 1898.

James Roosevelt New Y'k, N. Y.

Robert M.Olyphant.. " "
Jas. W. Alexander .. "
Chauncey M. Depew.

Wm. H. Tillinghast..NewYork, N. Y.

R. Somers Hayes "

A. Van Santvoord... " " "
James R. Taylor Brooklyn, N. Y.

Jas. A. Roosevelt. .New York, N. Y.

A. E. Orr Brooklyn, N. Y.

Horace G. Young. . . .Albany, N. Y.
John Jacob Astor.New York, N. Y.

Frederic Cromwell New York, N. Y.

ROBERT M. OLYPHANT, President New York, N. Y.

Tice-Pres.— James Roosevelt New York, N. Y. I Treasurer— Charles A. Walker New York, N. Y.

ZdVice-Pres.— Horace G. Young Albany, N. Y. I Secretary— Y. Murray Olyphant " " "

426 POOR'S MANUAL OF KAILROADS — RAILROAD "SYSTEMS."

DELAWARE AND HUDSON CANAL CO.'S SYSTEM.— PENNSYLVANIA (RAIL-
ROAD) DIVISION.

Lines of Road :
* Lackawanna & Susquehanna RR.: Nineveh, M.Y., to Jefferson Jc., Pa. (owned) 22.01 miles.

Jefferson RR. : Jefferson June, to Carbondale, Pa. (trackage) 34.60

Valley RR. : Carbondale, Pa., to Scranton, Pa. (owned) 16.77

Northern Goal and Iron Co.: Green Ridge, Pa., to Plymouth, Pa., and Carbon

St. to Lackawanna Ave., Scranton, Pa. (leased) 22.49

Nanticoke RR.: Mill Creek, Pa., to Wilkesbarre, Pa. (trackage) 2.40

Lehigh Valley RR.: Wilkesbarre, Pa., to South Wilkesbarre, Pa. (trackage)... 1.62

L. & B. RR.: Plymouth, Pa., to Bull Run Switch (trackage) 0.78

Gravity RR.: Olyphaut, Pa., to Honesdale, Pa. (owned ; gauge, 4 ft. 3 in.) 56.23

Branches and Spurs : Main Line to Collieries (owned) 1.80

Total length of lines operated Pennsylvania RR. Division 158.70 miles.

2d track, 73.54 m.; 3d track, 10.57 m.; 4th track, 8.03 m. ; sidings and spurs, 119 17 in.—
total track (steel, 312.79 m.), 369.99 miles. Gauges, 4 ft. 3 in. and 4 ft. 8* in. Rail, 46, 62,
67, and 80 Ibs.

Rolling Stock, Dec. 31, 1897.— Locomotives, 101. Cars — passenger, 53 ; baggage, etc.,
22 ; excursion, 36; coal, freight, etc., 4,842 — total cars, 4,952. Of this equipment, 2 loco-
motives, 11 passenger, 5 baggage, 36 excursion, and 4,739 coal, freight and other cars are
used on the Gravity RR.

Operations, year ending Dec. 31," 1897 (Pennsylvania Division, 102.47 miles). — Train
mileage— passenger, 408,226 ; freight and coal, 1,090,845— total, 1,499,071 miles. Passengers
carried, 895,326; carried one mile, 10,665,420. Tons freight, and coal moved, 6,404,443;
moved one mile, 242,503,073. Earnings— passenger, $264,870.52 ; freight and coal, $2,555,-
503.39 ; miscellaneous, $4,490.94— total, $2,824,864.85. Operating expenses — maintenance of
way, $139.725.39 ; of equipment, $126,071.49 ; transportation, $983,869.62 ; general, $18,-
369.51 ; expenses, Gravity RR., $332,661.58— total, $1,600,697.59. Net earnings, $1,224,-
167.26.

DELAWARE AND HUDSON CANAL CO.'S SYSTEM.— SUSQUEHANNA

DIVISION.
Lines of Read Leased and Operated :

Albany and Susquehanna RR. : Albany, N. Y., to Binghamton, N. T. . ,,,.... 142.59 miles.
Cherry V., Sharon & Albany RR.: Cobleskill Jc. to Cherry Val., N. Y. (leased) .21.04 "
Schenectady and Duaneaburgh RR. : Schenectady to Duanesb'h Jc. , N. Y. (leased) 1 3.79 "
Schenectady and Mechanicville RR : East Glenville to Coons, N. Y. (operated).. 9.93 "
Lackawanna & Susqueh. RR.: Nineveh, N. Y., to Jefferson Jc., Pa. (operated)... 22.01 "

Total length of lines (leased, 177.42 m. ; operated, 31.94 m.) .209.36 miles.

2d track, 97.58 in. ; sidings, 99.83 m. Gauge, 4 ft. 8$ in. Rail (steel, 306.94 m.), 56 to 80 Ibs.

The Delaware and Hudson Canal Co. operates in the State of New York three divisions
of railroad, known as the Susquehanna Division, which embraces the Albany and Susque-
hanna RR., with its leased lines, and the Schenectady and Mechanicville and Lackawanna
and Susquehanna lines, built by the Canal Co.; the Champlain Division, embracing the New
York and Canada RR. ; and the Saratoga Division, embracing the Rensselaer and Saratoga
RR., and leased lines. The Utica Division, embracing the Utica, Clinton and Binghamton
and the Rome and Clinton RRs., is leased to the New York, Ontario and Western RR. Co.
The terms under which these several lines are leased or operated are contained in the state-
ments for the respective companies.

Rolling Stock, June 30, 1897.— Locomotives (owned, 29 ; leased, 102), 131. Cars— pas-
senger (owned, 2 ; leased, 33), 35 ; baggage, mail and express (owned, 1 ; leased, 15), 16 ;
freight (box [owned, 567 ; leased, 793], 1,360 ; stock [leased], 103 ; coal [owned, 781 ; leased,
6,444], 7,225; flat [owned, 171 ; leased, 297], 468 ; caboose [owned, 9; leased, 52], 61), 9,217;
service (leased), 5— total cars, 9,273.

* The J™.16.3^ ?nd "Perations °f the Lack. & Susq. RR. are also included in the statement for the Sus-
2?No» v °tvi-slon> for, the rea.son that u i8 so reported to the Board of Railroad Commissioners of the State
of New \ork, in accordance with their requirements.

POOR'S MANUAL — DELAWARE AND HUDSON CANAL CO.'s SYSTEM. 427

Operations, year ending June 30, 1897. — Train mileage — passenger, 660,625; freight,
1,855,611; other, 43,173 — tola], 2,559,40!) miles. Passengers carried, 765, 731 ; carried one mile,
19,861,478 ; average mile rate, 2.091 cents. Tons freight moved, 4,150,823 ; moved one mile,
503,404.098 ; average ton-mile rate, 0.679 cent.

Earnings— Passenger .................... $415,309 03

Freight .......................

Mail

Express and Baggage

Miscellaneous

3,419.858 17
26,000 84
45,243 68
18,11261

Expenses— Conducting Transportation . . .$1,440,647 70

Maintenance of Equipment 425,789 74

Maint. Way and Structures. . . . 365,5!»9 82

General 41,355 98

Taxes 64,31092

Total ($18,745.34 per mile) 83,924,52433 Total ($11,165.95 per mile) $2,337,704 16

Net earnings (40.43 p. c.), $1,586,820.17. Payments : Rentals (Albany and Susquelianna
KK. Co. dividends [7 p. c.], $245,000 ; interest on bonds, $690,000 ; other payments, $11,000
—total, A. & S. RR., $946,000 ; rental, S. &. D. RE. [interest on bonds], $30,000 ; D. & H.
C. Co., $54,203.77 ; rental, C. V., S. & A. RR., $8,099.71), $1,038,303.48. Balance, profit to
the lessee, $548,516.69.

RAILKOADS LEASED OR OWNED BY THE D. & H. CANAL Co.

ized June 10, 18(59; road opened Oct. 1, 1870. Leased
on completion to Albany and Susquehauua RR. Co.
Acquired by Delaware and Hudson* Canal Co. in 1876.
Rental, year ending June 30, 1897, $8,100. Accrued
Interest on bonds, $21,000. Deficit, $12,900; deficit
forward, $135,833— total, $148,733. Financial State-
ment, June 30, 1897.— Capital stock (auth., $500,00^.;
par, $50), $289,100; funded debt (1st nitge. 7 p. c.
cy. bonds, dated June 15, 1869, due June 15, 1809,
interest June and Dec. 15), $300,000; due lessee,
$148,733— total, $737,833. Contra : Cost of road,
$589,100; profit and loss, $148,733— total, $737,833.
William H. Tlllinghabt, Pres.; Charles A. Walker,
Treas.; F. Murray Olyphant, Sec., New York, N. Y.

I.:i<-Ua \\ 11 n mi and SuHtiuehiimia IMJ.
Nineveh, N. Y., to Jefferson June.. Pa., 22.01 m.;
2d track, 1.62 m.; sidings, etc., 10.85 miles. Gauge,
4 ft. 8i in. Rail (steel, 23.63 m.), 62 to 80 Ibs.
Chartered May 9, 1867; road opened Jan., 1872.
This road was built by the Delaware and Hudson
Caunl Co., to connect the Albany and Susquehanna
KR. with Its coal roads in Pennsylvania; cost to
Juno 30, 1897, $1,108,188. Robert M. Olyphant,
Pres.; Chas. A. Walker, Treas.; F. M. Olyphant,
Sec.. New York, N. Y. General Office, New York,
N. Y.

Schenectady and Dnaneitbursh RR.—
Duanesburgh June., N. Y., to Schenectady, N Y ,
13.79 in. ; total track (steel. 13.79 m.), 18.94 miles.
Gauge, 4 ft. 8J in. Rail, 56 to 80 Ibs. Reorganiza-
tion, July 15, 1873. of the Scbenoctady and Susque-
haniia RR. (See Manual for 1891.) Leased to the
Delaware and Hudson Canal Co. for interest ($30,-
000 per annum) on bonds. Financial Statement,
June 30, 1897.— Capital stock (par, $100; auth., $300.-
000), $100,900; funded debt, 1st mtge. 6 p. c. 50-yr.
bonds, due Sept. 1, 1924, interest March 1 and Sept.
1, $500,000; open accounts, $161.557— total, repre-
senting cost of road, $762,457. Horace G. Young,
Pres., Albany, N. Y. ; Daniel Wilson, Treas.; F.
Murray Olyphant, Sec., New York, N. Y. General
Office, New York. N. Y.

Schenectady and Mecliaiifcville RR.
—East Glenvllle to Coons, N. Y., 9.93 m. ; total track
(steel. 9.93 m.), 11.26 miles. Gauge, 4 ft. 8* In.
Rail. 56 to 80 Ibs. Chartered May 9, 1867; "road
opened in Jan., 1882. Built by Delaware and Hudson
Canal Co., at a cost to June 30, 1897. of $215.968.
Operated in connection with the Albany and Susque-
hanna RR. Division. R«bt. M. Olvphant. Pres.; C.
A. Walker, Treas., New York, N. ,Y. General Office.
New York, N. Y.

Albany and Sa.sqaeb.anna RR.— Length of j
line, 142.59 m.; 2d track, 95.96 m.; sidings, etc.,
81.78 m.— total track (steel, 238.55 m.), 320.33 miles.
Gauge, 4 ft. 8J in. Rail— steel. 62 to 80 Ibs.; iron,
56 to 62 Ibs. Chartered April 19, 1851 ; road opened
from Albany to-Schoharie, 35 m., Sept. 16, 1863; to
Binghamton Jan. 14, 1869. Leased to the Delaware
and Hudson Canal Co. Feb. 24, 1870, for the term of
its charter, viz., 150 years from April 19, 1851; ren-
tal, interest on bonds, 7 p. c. on stock, and $1,000
for organization. Income, 1896-97.— Rental, $897,500;
organization, $1,000; sinking fund. $359,993— total,
$1,258,493. Payments: Interest, $652,500; dividends,
J. & J., 3i p. c. each, $245.000; other items, $1,313;
surplus, $356.680. The Cherry Valley, Sharon and
Albany RR., nominally leased to this company, is
owned by the Delaware and Hudsou Canal Co. Fi-
nancial Statement. June 30, 1897. — Capital stock
(par, $100), $;!,500.00d; funded debt, $10,000,000; un-
funded debt, $296,378; profit and loss, $710,228—
total, $14,506.606. Contra: Cost of road and equip-
ment, $14.200.767; stock of other companies, $7.000;
cash, $2,461; other assets, $296.378— total, $14,506.-
606. (See Manual for 1891.) Regular semi-annual
dividends of 3* p. c. each have been paid since July
1, 1871.

Funded debt consisted June 30, 1897, of the fol-
lowing issues:

1st consol. mtge. 7 p. c. 30-yr. $1,000 cy.
bonds, due April 1, 1906, int. April and

Oct $3,000,000

1st consol. rntge. 6 p. c. 30-yr. $1,000 cy.
bonds, due April 1, 1906, int. April and
Oct 7,000,000

The 1st consols are secured by a lien on the entire
road. Of the total authorized Issue ($10.000,000).
$3,450,000 were reserved to retire other classes of
bonds except the Albany City JLoan. Principal and
interest of 7s payable in "lawful money"; principal
of 6s payable in "lawful money," interest in gold.
Fanners' Loan and Trust Co., New York, trustee.
Interest payable by the trustee. Farmers' Loan and
Trust Co.. New York. Robert Olyphant, Pres.. New
York, N. Y.; William E. M. Phelps. Sec. & Treas.,
Albany, N. Y. Corporate Office and Address, Albany,
N. Y. Lessee's Office, 21 Cortlandt St., N. Y.

Cberry Valley, Sharon and Albany
HR.— Cobleskill June, to Cherry Valley, 21.04 m.;
total track, 22.25 miles. Rail— iron, 56 to 62 Ibs.;
steel (21.04 m.), 62 Ibs. Gauge, 4 ft. 8i in. Organ-

DELAWARE AND HUDSON CANAL OO.'S SYSTEM.— CHAMPLAIN DIVISION.

Lines of Road (NEW YORK AND CANADA RR., Leased) :

Main Line.— Whitehall, N. Y., to Rouse's Point, N. Y 112.93 m.

Lake George Branch : Ticonderoga Lauding, N.Y., to Baldwin, N. Y. 4.91 in.
Ausdble Forks Branch : South Junction to Ausable Forks, N. Y. . . . 19.05 m.

Moore's Junction Branch : Chazy June., N. Y., to Province Line 12.78 m.

Ticonderoga Branch : Delano June, to Ticonderaam, N. Y 1.41 m. — 151.08 miles.

Sidings, etc., 39.59 miles. Gauge, 4 ft. 8£ in. Rail (steel, 151.08 m.),56 to 80 Ibs.

428

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Rolling Stock, owned by D. & H. Canal Co.

Operations, year ending June 30, 1897. — Train mileage — passenger, 281,511
369,616 ; other, 13,460— total, 664,587 miles. Passengers carried, 392,487 ; carried
13,690,569 ; average mile rate, 2.245 cents. Tons freight moved, 881,732; moved
70,619,342; average ton-mile rate, 0.810 cent.

Earnings-Passenger 8307,322 20

Freight 572,30669

Mail 26,84840

- Express 18,02671

Miscellaneous 13,38761

Expenses — Conducting Transportation

Maintenance of Equipment

Roadway and Structures

General

Taxes...

; freight
one mile,
one mile,

.$429,00083
. 87,592 99
. 119,01269
. 12,345 22
. 36,101 17

Total ($6,207.91 per mile) $937,891 61 Total ($4,527.75 per mile) $684,052 90

Net earnings (27.06 p. c.), $253,838.71. Paid rentals, $280,703.41. Deficit, $26,864.70.

New York ami Canada RR.— (Lessor's
Statement.)— Whitehall, N. Y., to Rouse's Point. N.
Y., 112.93 m. ; branches as above, 38.15 m.— total
lines owned, 151.08 m.; total track (steel, 151.08
m.), 190.67 miles. Gauge, 4 ft. 8J in. Rail, 56 to
80 Ibs. Organized March 16, 1872; main line opened
Nov. 16, 1875. Lake George branch opened in May,
1875; line between West Chazy and Rouse's Point in
Sept., 1876. Leased from date of organization to the
Delaware and Hudson Canal Co., and operated as its
Champlain Division. Rental, $280,703, being interest
on bonds. Financial Statement, June 30, 1897.— Cap-
ital stock (par, $100; outstanding, $3,991,000), $4,-
000.000; funded debt (1st mtge. 6 p. c. gold 30-yr.
bonds, due May 1, 1904 [£800,000 stg.L $4,000,000;
Debenture 44 p. c. $1.000 gold 8-yr. bonds, due May
1, 1904, $1,000,000), $5,000,000; open accounts. $163,-
303— total, representing cost of road and equipment,
$9,163,303. The stock is almost wholly owned by the

Delaware and Hudson Canal Co., which also guar-
antees the bonds. The 1st mtge. bonds are in coupon
form, and are numbered 1 to 3,000 of £100; 3,001 to
4,500 of £200 and 4,501 to 4,900 of £500. Principal and
interest of 1st mtge. bonds payable in London by
Baring Bros. & Co. Interest on debenture bonds
payable at company's office, New York, N. Y.
Directors New York and Canada RR. Co.— W. H.
Tillinghast, Charles A. Walker, Robert Olyphant,
Robert M. Olyphant, David Willcor, New York,
N. Y. ; Jas. R. Taylor, Brooklyn, N. Y. ; Jas. Roose-
velt, Hyde Park, N. Y.; Horace G. Young, Albany,
N. Y.; Jas. C. Hartt, Montreal, Can.; Reuben A.
Henry, Jersey City, N. J. ; William H. Cooke, White-
hall, V. Y.; F. Murray Olyphant, Englewood, N. J.;
Smith M. Weed, Plattsburg, N. Y. Horace G.
Young, Pres., Albany, N. Y. ; Charles A. Walker,
Sec. & Treas., New York, N. Y. General Office,
Coal and Iron Exchange, New York, N. Y.

DELAWARE! AND HUDSON CANAL OO.'S SYSTEM.— SARATOGA DIVISION.
Lines of Road as Operated:

Main Line. — Albany, N. Y., to Lake Champlain, N. T 79.14 m.

Waterford Branch : Troy to Waterford Junction, N. Y 5.59 m.

Green Island Branch : West Troy to Green Island, N. Y 1.08 m.

Castleton Branch : Whitehall, N. Y., to Castleton, N. Y 13.46 m.

Rutland Branch : Eagle Bridge, N. Y., to Rutland, Vt 62.44 m.

Schenectady Branch : Ballston to Schenectady, N. Y 14.97 m.

Glenn's Falls Branch : Fort Edward to Caldwell, N. Y 15.12 m.— 191.80 miles.

2d track (main line, 72.01 m. ; branches, 6.09 m.), 78.10 in.; sidings (main lines, 50.29 m.;
branches, 59.65 m.), 109.94 m. ; total track (steel, 269.90 m.), 379.84 miles. Gauge, 4 ft. 8i
in. Rail— steel, 62 to 80 Ibs. ; iron, 56 to 62 Ibs.

This division of the Delaware and Hudson Canal Co.'s System comprises the Rensselaer
and Saratoga RR., with its branches and leased lines. (See subjoined statements.)

Rolling Stock, June 30, 1897. — Locomotives (owned, 66 ; leased, 44), 110. Cars — pas
senger (owned, 120; leased, 52), 172; baggage, mail, etc. (owned, 32; leased, 19), 51; freight
(box [owned, 1,028; leased, 471], 1,499 ; flat [owned, 134 ; leased, 232], 366; stock [owned],
11; coal [owned, 2,115 ; leased, 249], 2,364), 4,240 ; caboose (owned, 15 ; leased, 22), 37 ; ser-
vice (owned, 12; leased, 3), 15— total cars, 4,515.

Operations, year ending June 30, 1897.— Train mileage— passenger, 820,580 ; freight,
518,478 ; other, 1,060— total, 1,340,118 miles. Passengers carried, 1,928,271; carried one mile,
32,599,889; average mile rate, 2.234 cents. Tons freight moved, 2,536,103; moved one mile,
110,800,477 ; average ton-mile rate, 1.208 cents.

Earnings— Passenger $728 183 08

Fre i«h t .'.'."!..'.' 1 ,446 >8 1 84

Mail and Express 86,428 12

Miscellaneous 83,676 97

Total ($12,227.68 per mile) $2,345,270 01

Expenses— Conducting Transportation $1,055,673 73

Maintenance of Equipment 213,881 62

Roadway and Structures 228,415 53

General 52,719 53

Total ($8,084.93 per mile) . .$1,550,690 38

Net earnings (33.88 p. c.), $794,579.63 ; add dividends received, $9,545— total, $804.-
124.6:5. Payments: Rentals (R. & S. dividends, $800,000; interest on bonds, $140,OQO; other
payment, $1,000 ; D. & H. C. Co., $18,982.99 ; A. & V. ER., $20,000 ; S. & S. RR., $31,750 ;
R. & W. RR., $15,492), $1,027,224.99 ; taxes, $120,180.11— total, $1147,405.10. Deficit
$343,280.47.

POOR'S MANUAL — DELAWARE AND HUDSON CANAL CO.'S SYSTEM. 429

RAILROADS LEASED OR OWNED BY THE D. & H. CANAL Co.

Albany and Vermont RR.— Albany to
Waterford June., N. Y., 12 miles. Rail (steel), 62
Ibs. Reorganization after foreclosure sale on Oct. 5,
1859, of the Albany, Vermont and Canada RR. Co.
(See Manual for 1891.) Leased in perpetuity to the
Kensselaer and Saratoga RR. Co., June 12, 1860, and
lease assigned to the D. & H. Canal Co. on March 1,
1871. Rental, $20,000 per annum. Payments, year
1896-97: Dividends (Nov. 15, 1896, 2$ p. c. and Way
15, 1897, li p. c.), |24,000; expenses, $1,320— total,
$25,320. Deficit, $5,320. Capital stock, $600,000;
profit and loss, $4,211— total, $604,211. Contra: Cost
of road, etc., $600,000; other assets, $4,211. Geo.
H. Cramer, Pres. ; John H. Neher, Treas. & Sec.
General Office. Troy, N. Y.

Glenn's Falls RR.— Fort Edward to Caldwell,
N. Y., 15.12 m.; total track (steel, 15.12 m.), 18.70
miles. Chartered July 26, 1867. Leased in per-
petuity by the Renseelaer and Saratoga RR. Co.,
and lease assigned to the D. & H. Canal Co. in 1871.
Rental, $1 per annum. Capital stock (all owned by
R. & S. RR. Co.), $96,600; funded debt, $10,000 7 p.
c. 1st mtge. cy. bonds, dated 1869, due 1904, guar-
anteed by lessee, interest payable at D. & H. C. Co.'s
office. New York, N. Y. ; due lessee, $349.831— total,
representing cost of road, $456,431. Geo. H. C"ramer,
Pres.; Johii H. Neher, Sec. & Treas., Troy, N. Y.

Rensselaer and Saratoga RR.— Waterford
June., N. Y., to Ballston, 19.55 m. ; Saratoga to Lake
Champlain, 40.73 m.; branches, Troy to Waterford
June., 5.59 m.; West Troy to Green Island, 1.08 m. ;
Eagle Bridge, N. Y.,to Rutland, Vt., 62. 44 m.; White-
hall, N. Y., to Vt. State Line, 6.83 m.— total, 136.32
miles. Chartered April 14, 1832; road opened March
19, 1836. Consolidated with the Troy, Salem and Rut-
land and the Saratoga and Whitehall RRs. in 1868.
(See Manual for 1881.) Leased in perpetuity, March
1, 1871, to D. & H. C. Co., the lessee assuming
all interest and lease obligations, and guaranteeing
8 p. c. per annum on stock of R. & S. RR. Co. Ren-
tal, year 1896-97, $941,000; other receipts, $2,880—

total, $943,880. Payments: Expenses, $3-,182; inter-
est on bonds, $140,000; dividends (8 p. c.), $800,000—
totr.l. $943,182. Surplus, $698. Financial State-
mcrt. June 30, 1897.-^Capital stock, $10,000,000;
funUt-d debt, 1st mtge. (coup, or registered) 7 p. c.
50-yr. cy. bonds, due May 1, 1921, int. M. & N.,
$2,000,000; surplus, $64,526— total, $12.064.526. 'Con-
tra: Cost of road, $10,917,489; of Glenn's Falls RR.,
$456,431; of Salem and Rutland RR., $150.632; of
Troy Union RR., $125,000; of Champlain Transporta-
tion Co. boats, purchased, $350,448; sundry assets,
$64,526— total, $12,064,526. The bonds are for $1,000
each, in coup, or reg. form, and there is provision for
registration of principal of coup, bonds. Registered
bonds are numbered 1,001 to 2,000; coup. 2,201 to
3,000. Principal and interest payable at the office of
the D. & H. Canal Co., New York. Trustees:
Joseph M. Warren, Troy, N. Y.; John B. Gale,
Williamstown, Mass.; National Bank of Commerce,
N. Y. Geo. H. Cramer, Pres.; John H. Neher, Sec.
& Treas., Troy, N. Y. General Office, Troy, N. Y.

Rutland and Whitehall RR.— New York
State Line to Castleton, Vt., 6.83 m.; total track
(steel, 6.83 m.), 8.68 miles. Leased in perpetuity.
Feb., 1870. to the R. & S. RR. Co. at an annunl
rental of $15,492, being 6 p. c. on the cost of- the rond.
$258,100. Dividends payable Feb., May, Aug., and
Nov., at United National Bank of Troy. N. Y.

Saratoga a ml Schenectady RR.— Saratoga
to Schenectady, N. Y., 21 m. ; total track, 27.59
milps. Chartered Feb. 16, 1831. Leased in per-
petuity, in 1861, to the R. & S. RR. Co., and operated
in connection v.-lth that line by the D. & H. Canal
Co. Rental, 1896-97, $«*1,750; add interest, $200—
total, $31.950. Dividends (Jan. 15 and July 15. 3J
p. c. each), $31,500; expenses, $380— total, $31,880.
Surplus. $70. Capital stock, $450,000; income bal-
ance, $6,250— total, $456,250. Contra: Cost of road,
$450,000; bonds owned, $5,000; other assets, $1.250.
Oeo. n. Cramer, Pres.; John H, Neher, Sec. &
Treas., Troy, N. Y.

DELAWARE AND HUDSON CANAL CO.'S SYSTEM— CONTROLLED LINE.
ADIRONDACK RAILWAY COMPANY.

Line of Road (as Projected). — Saratoga, N.Y., to Ogdensburg, N.Y.(abqut).180.00 miles.

Completed, June 30, 1897: Saratoga Springs to North Creek, N. Y 56.97

Sidings, 7. 75 miles. Gauge, 4 ft. 8£ in. Rail— steel (56.97m.), 62 to 67 Ibs.; iron, 56 to 63 Ibs.

History. — Incorporated July 7, 1882, as successor to the Adirondack Co., whose property
was eold under foreclosure Sept. 28, 1881. (See MANUAL for 1894, page 109.) In 1889 the
Delaware and Hudson Canal Co. purchased a controlling interest in this company.

Rolling Stock, June 30, 1897. — Locomotives, 4. Cars — passenger, 6; baggage, mail and
express, 3; freight (box, 7; flat, 32), 39— total cars, 48.

Operations, year ending June 30, 1897. — Train mileage— passenger, 82,468 ; freight,
56,027 ; other, 3,593— total, 142,088 miles. Passengers carried, 71,645 ; carried one mile,
1,876,764; average mile rate, 2.702 cents. Tons freight moved, 239,409 ; moved one mile,
5,196,499 ; average ton-mile rate, 2.651 cents.

Earnings— Passenger $50,718 47

Freight 137,74812

Mail and Express 8,562 03

Miscellaneous 2,696 46

Total ($3,505.79 per mile) $199,725 08

Expenses— Conducting Transportation $77,60878

Maintenance of Equipment 9,40282

Roadway and Structures 38,563 14

General 6,34036

Total ($2,315.52 per mile) $131,915 10

Net earnings (33.95 p. c.), $67,809.98; add interest received, $7,121.92— total, $74,931.90.
Payments : Interest on bonds, $45,000 ; taxes, $7,146.97— total, $52,146.97. Surplus, $22,-
784.93; deficit forward, $49?.,816.41— net deficit, $471,031.48.

Financial Statement, June 30, 1897.— Capital stock (auth., $4,000,000; shares, $100),
$2,600,000; funded debt (see below), $1,000,000; trustees' certificates for 2d mtge. bonds,
$7,604.67; audited vouchers and pay rolls, $7,023.21— total, $3,614,627.88. Contra : Cost of
road, $2,828,522.67; equipment, $70,908.39; stocks owned, $4,200; cash, $25,812.18; due by
agents, $8,639.12; open accounts, $189,469.38; materials, etc., $16,044.66; profit and loss,
$471,031.48— total, $3,614,627.88.

Funded debt consists of 1st mtge. 4i p. c. 50-yr. $1,000 gold bonds, due March 1, 1942, interest payable
March and Sept. at the company's office, New York, N. Y. They are guaranteed, principal and interest, by
the Delaware and Hudson Canal Co. Authorized amount, $2,000,000, of which $1,000,000 outstanding as

430

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

ab
exc

ove, the remainder to be issued at the rate of $20,000 per mile of completed road owned by the company in
cess of 50 miles. Bonds may be registered as to principal at the office of the Delaware and Hudson Canal

Trustee's certificates for 2d mtge. bonds are author-

Co. Trustee: United States Trust Co., New York, N. Y.
ized to amount of $1,500,000.

Capital stock, bonded debt, gross and net revenue, etc., for eight fiscal years :

Years:

Capital
Stock.

Bonded
Debt.

Cost RR.
& Invest-
ments.

RR.
Oper-
ated.

Gross
Earn-
ings.

Expenses
& Taxes.

net
Earn-
ings.

Available
Revenue.

inter-
est
Paid.

TOUU

Pay-
ments.

Balance
( + or — ).

$

$

$

Miles.

$

$

I

*

$

$

$

1890

,2,600,000

2,831,500

56.89

162,383

139,588

22,795

22,795

+ 22,79«

1891...

,2,600,000

2,866,479

56.95

174,697

IAS. 122

46,275

46,275

+ 46,275

1892

2600,000

2,874,823

56.95

161,786

123,513

38,273

38.273

+ 38,273

1893!..
1894...
1895, , .

.2,600,000
,2,600,000
,2,600,000

1,000,000
1,000,000
1,000,000

2,886,361
2,899,945
2,899,653

56.95
56.95
56.96

175,309
165,234
180,321

129.510
132,250
125,949

45,799
32,984
54,372

49,614
39,792
60,574

42,556
45,000
45,000

42,556
45,000
45,000

+7,058
-5,208
+ 15,574

1896...

.2,6(10,000

1,000,000

2,902,448

56.97

190,245

127,788

62,457

69.661

45,000

45,000

+ 24,661

1897...

.2,6(10,000

1,000,000

2,903,631

56.97

199,725

139,062

60,663

67,785

45,000

45,000

+ 22,785

Directors (elected Oct. 13, 1897).— William W. Durant, New York, N. Y.; Warner
Miller, Herkimer, N. Y.; Robert M. Olyphant, David Willcox, Chester Griswold, James
Roosevelt, New York, N. Y. ; Horace G. Young, Albany, N. Y. ; R. Suydam Grant, Robert
Olyphant, James C Ha'rtt, Charles A. Walker, F. M. Olyphant, Freling H. Smith, New
York, N. Y.

R. SUYDAM GRANT, President New York, N. Y.

Vice- President— Horace G. Young Albany, N. Y. | Sec. & Treat.— Charles A. Walker New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Saratoga Springs, N. Y.

DELAWARE, LACKAWANNA AND WESTERN RAILROAD COMPANY.

Main Line of Road. — Delaware River (N. J. Line) to New York State Line. 114.33 miles.

Bloomsburg Branch : Scranton, Pa., to Northumberland, Pa < 79.66 "

Lines leased in State of New York (including N. Y., Lack. & West, in Penn.). .400.21 "

Lines leased in State of New Jersey 176.25 "

Lines controlled aud operated 129.63 "

Total length of all lines owned, leased, and controlled Jan. 1, 1898 900.08 miles.

Gauge, 4 ft. 8£ in. Rail (steel, 1,983.85 m.), 60 to 80 Ibs.

Statement (A) showing mileage of all lines owned, leased or operated, Dec. 31, 1897 :

Single
Track.

Double
Track.

Length
of RR.

Sidings.

Total
Track.

Steel
Rails.

Iron
Rails.

State of Pennsylvania :
Main Line

Miles.

Miles.

114. as

23.00
6.38

J/ife*.
114.33
79.66
6.38

Miles.
130.80
95.86

Miles.
359.46
198.52
12.76

Miles.
358.01
170.25
12.76

Miles.
1.45

28.27

Bloomsbnrg Division

56.66

New York, Lackawanna and Western in Pa. .

Total Pennsylvania.

56.66

11.65
1 92

143.71
108.06

200.37

119.71
1.92
4.24
14.11
7.41
10.04
18.82

226.66

183.52
3.76
4.03
3.69
1.74
1.67
8.72

570.74

411.29
5.68
11.02
17.80
9.15
11.71
41.52

541.02

344.07
5.26
10.14
14.79
9.15
10.07
40.33

29.72

67.22
0.42
0.88
3.01

State of New Jersey :
Morris and Essex

Morris and Essex Extension

Newark and Bloomfleld

1.49
14.11

2.75

Passaic and Delaware

Passaic and Delaware Extension
Chester

7.41
10.04

1.64
1.19

Warren

4.84

13.98

Total New Jersey.

51.46

124.79

11.11
206.58

176.25

11.11
207.82
8.10
97.41
34.41
34.98

207.13

3.00
148.33
1.07
33.30
7.00
26.10

508.17

25.22
562.73
9.17
130.71
41.41
61.08

433.81

25.22
562.73
9.17
130.71
36.00
50.08

74.36

Stale of New Yoi'k :
Valley

New York, Lackawanna and Western

1.24

8 10

(ireene ....

Utica, Chenango and Susquehanna Valley
Cayiiga and Susquehanna
Oswego and Syracuse

97.41
34.41
34 98

5.41
11.06

Total New York

176.14

217.69

393.83

218.80

830.32

813.85

16.47

Total Owned and Leased

284.26
29 52

486.19

770.45

29.52
80.95
0.98
0.89
6.81
10.48
129.63

652.59

6.32
40.84
1.00
1.22
3.27
1.31
53.96

1,909.23

35.84
153.29
1.98
2.11
10.08
11.79
215.09

1,788.68

32.83
136.57
1.98
1.92
10.08
11.79
195.17

120.55

3.01
16.72

Controlled aial Operated :
Sussex

Syracuse, Binghamton and New York

49.45
0 98

31_.50

Syracuse and Baldwinsville

Hopatcong ....

0 89

0.19

Hanover and Newport

6 81

Lackawanna and Montrose
Total Controlled .

10.48
98.13

31.50

19.92

382.39

517.69

900.08

706.55

2,124.32

1,983.85

140.47

POOR'S MANUAL — DELAWARE, LACKAWANNA AND WESTERN RR CO. 431

History. — Consolidation, April 30, 1853, of the Ligetts Gap and the Delaware and Cobbs
Gap RRs. Road opened throughout on May 27, 1856. Tbe leased and controlled railroads
were acquired at various periods and under terms as shown in the appended statements. See
also MANUAL for 1896, p. 514.

Rolling Stock (all lines owned and leased, 770.45 m.). — Locomotives, 590. Cars — pas-
renger, 451 ; baggage, mail and express, 226 ; freight (box, 11,863 ; flat, 4,551 ; coal, 11,240),
27,654— total, 28,331. Also 554 service cars.

Operations. — Statement (B) showing, for year ending Dec. 81, 1897, traffic operations,
earnings, expenses, etc., of all lines owned, leased and operated :

OWNED AND LEASED ROADS IN

CONTROLLED ROADS.

Total
of all Lines.

Penn.

New York.

N. Jersey.

Total.

Syracuse,
Bing-
hamton
&N. Y.

Sussex.

Total
Controlled

Miles RR. Operated..
Train Mileage :
Passenger

300.37

979,768
2,572,334
4,213,359

393.83

1,503,159
3,062,030
1,637,755

176.25

2,528,010
2,270,949
1,220,573

770.45

5,010,937
7,905,313
7,070,687

80.95

274,127
544,109
80,991

29.52

86,670
63,105
4,921

129.63

373,282
619,699
35,912

900.08

5.384,219
8,525,012
7,106,599

Freight

Coal

Total

7,764,461

1,277,577
36,439.790
9,020,689

529,288,494

s

722,58185
1,518,137 60
3,453,571 72
1,318,67823

6,202,344

1,113,637
38,154,236
5,273,835
802,653,415
$
763,843 80
2,594,494 26
4,250,439 38
709,051 80

6,019,532

9,392,605
147.706,013
4,182,689
284,371,420
S
1,922.557 04
1,216,758 39
2,000,298 46
531,60459

19,986,937

11,299,616
222,300,039
10,798,397
1,616,313,329

3,408,982 69
5,329,390 25
9,704,309 56
2,559,334 62

849,227

273,356
8,200,796
1,570,834
82,818,341
$
193,231 90
223,02796
828,259 33
128,13569

154,696

102,677
1,092,706
121,542
2,471,382
$
35.861 9)
69,770 44
7,24300
17,888 22

1,028,893

406,742
9,604.641
1,840,022
86,102,617
$
241,105 70
296,378 07
344,249 66
148,959 48

21,015,830

11,503.235
881,904,080
10,906.881

1,702,415.946
$

8.650,088 39
5,6-r.,7C-J 32
10,048,r-M) 22
2,708,294 10

Passengers Carried . .
Pass. Carried 1 Mile .
Tons Freight Moved.
Tons Fgt. Moved 1 M.
Trsffic Earnings :
Passenger

Merchandise
Coal

Miscellaneous
Total Earnings. .

Traffic Expenses :
Passenger

7,012,969 40

591,09592
1,776,771 28
1,883,861 99

8,317,829 24

917,002 46
2,395,332 31
996,12936

5,671,21848

1,809,37937
1,608,64761
805,515 41

21,002,017 12

3,317,477 75
5,780,751 20
3,685,506 76

872,65488

173,212 58

296,78527
14,873 65

130,763 57

49,736 80
41,197 51
2,64582

1,030,68691

229,688 25
345.7R5 50
18,11646

22,032,704 03

3,547,166 00
6,126,536 70
3,703,623 22

Merchandise

Coal

Total Expenses..

4,251,729 19

2,761.24021
35,00009
21,21989
13,780 70
60.62 p. C.
1.983c.
0.939 c.

4,308,464 13

4,009,365 11
21,120 35
10,939 90
10,18045
51. 80 p. C.
2.002 c.
0.853 c.

4,223,542 39

1,447,676 09
32,177 13
23,96336
8,213 77
74.47 p. c.
1.302 c.
1.181 c.

12,783,735 71

8,218,281 41
27,259 42
16,592 56
10,66686
60.87 p.C.
1.534C.
0.930c.

484,87150

387,7&3 38
10,780 17
5.98976
4,790 41
55.56 p. c.
2.356 c.
0.666 C.

93,580 13

37,183 44
4.439 66
3,17006
1,259 60
71. 56 p.c.
3.282 c.
3.117 «.

593,590 21

437,096 70
7,950 !J9
4,579 11
3,371 88
57.59 p. c.
2.510 c.
0.744 c.

13,377,325 92

8,655,378 11
24,478 60
14,862 37
9,61623
60.72 p. c.
1.57* e.
0.921 c.

Gross Earnings p. M.
Operating Exp. p. M.
Net Earnings p. M. . .
Exp. to Earnings
Earn. p. Pass. p. M..
Earn. p. Ton p. M...

The rentals were as follows: To the Morris and Essex, 7 p. c. on stock and 7 to 5 and 4 p. c.
on bonds; to the Oswego and Syracuse, 9 p. c. on capital stock and 7 and 5 p. c. on bonds; to
the Utica, Ghenango and Susquehanna Valley, 6 p. c. on capital stock; to the Valley, 5 p. c.
on capital stock and on bonds; to the Greene, 6 p. c. on capital stock and 7 p. c. on bonds; to
the Cayuga and Susquehanna, $54,600 (fixed rental); to the Warren, 7 p. c. on stock and
bonds; to the Chester, 4 p. c. on bonds ; to the Newark and Bloomfield, 6 p. c. on stock ; to
the Passaic and Delaware, 5 p. c. on capital stock; to the New York, Lacka wanna and West-
ern 5 p. c. on capital stock and 4, 5, and 6 p. e. on bonds. Tbe Chester and tbe Newark and
Bloomfield RRs. are leased to the Morris and Essex RR. Co., and the leases assumed by the
D., L. & W. RR. Co. To the M. & E. Extension RR., 4 p. c. on capital stock. To the Pas-
saic and Delaware Extension RR. , 4 p. c. on capital stock.

Following, on page 432, is the income account of the Delaware, Lackawanna and
Western RR. Co. In this account the earnings, etc., of the lines operated, but not leased —
the Syracuse, Binghamton and New York and the Sussex — are not included.

432

POOR'S .MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Income Account, Delaware, Lackawanna and Western RR. Co., year ending Dec. 81, 1897.

Gross Earnings RR. Dept. .$21,002,017 12

Grosl ExpTnsfs RR. Dept.. 13,470,754 92-$7,531,262 20

Pnal Raceiots etc 22,973,38169

Sning Expenses, etc 23;i88;i04 84-df.214,723 16

Total $7,316,539 05

Rental Leased Lines $5,191,549 50

Interest on Bonds 214,690 00

Dividends (20th of Jan., Apr., July &

Oct., If p. c. each) 1,834,000 00

Surplus for Year 76,299 55

Total Payments, etc $7,316,539 05

General Balance Sheet, Dec. 31, 1897.

Construction, Equipment, etc , $33,742,81729

Materials and Supplies 1,734,013 i

Stocte and Bonds (mkt. val., $11,121,830) 9,904,137 00

Coal on Hand (less than mkt. val.) 2,205,70a 24

Advances to Leased Lines 1,102,334 15

Advances on Coal, etc 1,564,703 35

Coal Bills and Accounts Due 1,706,320 98

Sundry Accounts and Loans 630,549 78

Cash on Hand 1,017,62388

Total Assets $53,608,204 91

Capital Stock (par, $50) ,,,,,,,. ..$26,200,000 00

Funded Debt 3,067,000 00

Dividends, Interest, and Rent past Due. . 175,412 47
D.,L. & W. Dividend, payable Jan. 20, '98 458,500 00

Rent Payable after Jan. 1, 1898 1,670,137 62

State Taxes, payable after Jan. 1, 1898... 513,075 65
Dec Pay Rolls, payable after Jan. 1, 1898 906,651 55
Vouch, and Acc'ts, pay. after Jan. 1, '98. 2,955;229 99

Bonds and Mortgages 107,073 90

Sundry Transportation Accounts ». . . 2,241,146 99

Profit and Loss 15,318,976 74

Total Liabilities $1^,608,204 81

Statement (C) of operations, all lines owned and leased, and of capital account, for seven
years ending Dee. 31 :

1891

1892

1893

1894

1895

1896

1897

788.29
1,849.73
1,605.91

4,391,173
7,712,635
7,307,687

788.29
1,868.21
1,643.25

4,561,511
7,908,412
7,976,125

771.56

1,881.74
1,665.86

4,690,167
7,949,334
7,931,177

771.49
1,890.14
1,710.72

4,728,308
7,491,111
7,465,631

771.49
1,899.51
1,731.70

4,826,822
7,549,165
7,550,785

771.49
1,904.80
1,769.71

4,961,314
7,819,735
7,335,067

770.45
1,909.23
1,788.68

5,010,937
7,905,313
7,070,637

Miles of Track

Miles of Steel Rail

Passenger Train Miles. .
Freight Train Miles
Coal Train Miles

Total Train Miles...
Passengers Carried

19,411,495

•11,475,878
223,440,317
11,383,567
1,645,067,104
7,059,722

$ .
3,604,15083
15,854,795 37
2,552,874 79

20,446,048

11,895,187
229,070,892
12,529.911
1,753,886,332
7,603,080

&

3,655,560 33
16,926,368 58
2,824,094 98

20,570,678

12,017,589
238,749,427
12.775,105
1,800,019,662
7,934,885
$
3,820,907 84
17,363,11749
2,983,250 26

19,685,050

11,512,672

227,080,680
10,979,251
1,644,294,569
6,722,007
$
3,550,503 %
15,526,19303
2,735,744 44

19,926,772

11,399,624
222,731,290
11,219,831
1,704,580,526
6,725,464
$
3,486,691 43
16,048,89281
2,738,68579

20,116,116

11,042,926
215,104,994
10,882,886
1,654,314,705
6,477,633
$
3,406,492 01
15,349,104 11
2,647,909 52

19,986,937

11,299,616
222,300,039
10,798,397
1,616,313,329
6,557,112
. $
3,408,983 69
15,033,699 81
2,559,334 62

Freight (tons) Moved. . .
Freight (ton) Miles
CoalT.(mkd. fgt.),gross

Passenger Earnings —
Freight Earnings

Other Receipts

Gross Earnings

22,011,82099
19,837,933 50

23,406,02389
23,820,259 33

24,167,275 59
24,623,697 83

21,812,44143
21,246,420 96

22,274,27003
21,927,63899

21,403,505 64
22,896.382 62

21,002,017 12
22,973,381 69

Earu.fr'mOther Sources
Barn, from All Sources.

Ex. and Taxes RR
New Equip, and Tracks.

41,849,754 49

13,117,884 77
121,47429
20,776,706 07

46,22b,283 22

15,605,979 32
464,539 66
23,175,901 02

48,790,973 42
16,479,728 77

43,058,862 30
14,645,398 35

44,201,909 02
13,834,419 96

44,299,888 26
14,069,136 06

43,975,398 81
13,470,754 92

Mining, etc
Total Expenses
Net Earnings

24,057,843 37

21,363,79695

23,606,589 26

23,499,773 35

23,188,104 84

34,016,065 13

7,833,689 36
256,690 60
5,161,536 17
1,834,00000

27,923 50
16,12fi 28
11,79732
57.75 p. c.
$
26,200,000 00
3,667,000 00
16,16404853

38,246,420 00

7,979,863 22
238,190 00
5,134,216 17
1,834,000 00

29,692 14
18,976 21
.10,71593
63. 90 p. c.

$
26,200,000 00
3, 087,000 00
16,943,505 56

40,537,572 14

8,253,401 28
214,699 00
5,145,799 50
1,834,00000

31,322 61
20,439 87
10,882 74
65.25 p. c.

26,200,000 00
3,067,000 00
18,0*2,417 36

36,009,19530

7,049,667 09
214,690 00
5,197,633 83
1,834,00000

38,273 13
18,076 81
10,198 32
63. 93 p. C.
$
26,200,000 00
3,067,00000
17,805,761 62

37,441,00922

6,760,89980
214,690 00
5.191,54950
1,834,00000

28,871 75
17.114 61
11,757 14
59. 27 p. C.

$
26,200,00000
3,067,00000
17,326,421 92

37,568,909 41

6,730,978 85
214,690 00
5,191,549 50
1,834,000 00

27,743 08
18,236 32
9,56676
62. 18 p. C.
$
26,200,000 00
3,067,000 00
15,237,677 19
1,468,907 87

36,658,859 76

7,316,539 65
214,690 00
5,191,54950
1,834,00000

27,259 42
16,592 56
10,666 86
60.87 p. C.
$
26,200,000 00
3,067,000 00
15,313,976 74
799,99079

Interest

Rentals

Dividends

RR. Earnings per Mile.
RR. Expenses per Mile.
RR. Net Earn'gsp. Mile
RR. Expenses to Earn'gs

Capital Stock

Funded Debt

Profit and Loss

Net Current Accounts. .

Total Liabilities....

Permanent Property..
Stacks and Bonds
Materials and Supplies.
Net Current Accounts. .

Total Prop. & Assets

48,031,048 53

34,884,645 64
8,829,966 00
1.742,22777
« 654,209 12

46,210,505 58

34,804,645 64
9,418,531 00
1,652,546 21
334,782 73

47,269,417 36

34,340,521 80
9,519,688 95
1,663,567 83
1,745,63878

47,072,761 62

33,742,817 29
10,423,038 95
1,658,24338
1,348,662 00

46,593,421 92

33,742,817 29
10,418,038 95
2,231,222 9-1
201,342 77

45,973,585 06

33,742,817 29
10,373,602 00
1,857,165 77

45,380,967 53

33,742,817 29
9,904,137 00
1,734,013 24

46,031,048 53

46,210,505 58

47,269,417 36

47,672,761 62

46,593,431 92

45,973,885 06

45,380,967 53

* Passenger earnings.

f Merchandise earnings.

} Coal earnings.

POOR'S MANUAL — DELAWARE, LACKAWANNA AND WESTERN RR. CO. 433

Statement showing the dates and rates per cent, of all dividends paid by the company
since its organization :

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

1854 Jan. 10

3

1866

Jan. 20

(<f)10

1875

Jan. 20

2i

1884

Jan. 20

2

1889

Jan. 20

If

1894

Jan. 20

If

July 10

3

Jan. 22

5

April 20

24

April 20

2

April 20

If

April 20

If

1855

Jan. 10

3

July 10

5

July 20

24

Jnly 20

2

July 20

If

July 20

If

July 10

3

1867

Jan. 2

5

Oct. 20

2*

Oct. 20

2

Oct. 20

If

Oct. 20

If

1856

Jan. 10

3

July 22

(«) 5

187C

Jan. 20

2*

1885

Jan. 20

9

1890

Jan. 20

If

1896

Jan. 20

If

July 10

(a) 3

1868

Jan. 15

(/)5

April 20

24

April 20

2

April 20

If

April 20

If

1857

Feb. 20

(a) 3

July 20

<ff) 5

July 20

2*

July 20

It

Jnly 20

If

July 20

H

1860

May 15

(6)18

1869

Jan. 20

5

1880

Oct. 20

H

Oct. 20

H

Oct. 20

If

Oct. 20

H

July 2

(e) 6

July 20

5

1881

Jan. 20"

1

1886

Jan. 20

If

1891

Jan. 20

If

1896

Jan. 20

If

1861

July 10

(a) 6

1870

Jan. 30

5

April 20

ij

April 20

If

April 20

If

April 20

If

1862

June 30

6

July 20

5

July 20

1*

July 20

H

July 20

If

July 20

If

Dec. 31

4

Dec. 31

(A) 6

Oct. 20

if

Oct. 20

If

Oct. 20

If

Oct. 20

If

1863

July 7

5

1872

Jan. 20

5

1882

Jan. 20

2

1887

Jan. 20

If

1892!Jan. 20

If

1897

Jan. 20

If

July 20

(rf)10

April.2e

21

April-20

2

April 20

If

lAprilfeO

If

April 20

If

Oct. 31

15

July '20

2t

July 20

2

July 20

If

;Jnly 20

If

Jnly 20

If

1864

Jan. 4

(d)20

1873

July 15

5

Oct. 20

2

Oct. 20

If

Oct. 20

If

Oct. 20

If

July 15

5

1874

Jan. 90

5

1883

Jan. 30

2

1888

Jan. 20

If

1893

Jan. 20

If

1898

Jan. 20

If

Nov. 12

(d)50

April 20

2*

April 20

2

April 20

H

April 20

If

April 20

If

Xov. 14

10

July 20

2i

July 20

2

July 20

If

Jnly 20

If

1865

Jan. 20

5

Oct. 20

21

Oct. 20

2

Oct. 20

If

Oct. 3ft

If

(o) Warren stock. (Z>) Stock scrip, (c) Indorsed on new scrip, (d) Stock, (e) Also, $0.75 per share on
half paid scrip, (f) Also, $1.56i per share OH three-quarter paid scrip, (g) Also, $2.08| per share on full
paid scrip, (h) Morris and Essex -stock.

Statement (D) of length, capital account, cost, earnings, and rental charges of the D., L.
& W. Railroad Department, and leased and operated roads for 1897 :

Name of
Road.

a
$

s

LIABILITIES.

Cost of
Road,
Eqnipm 't,
Mines, etc.

EARNINGS, 18W.

PAYMENTS.

Stock.

Bonds.

Other
Debt.

Total.

Grose.

Net.

Divi-
dends.

Interest.

Del., La. &W
Tot.in Pa.

Lines in N. T.
N.Y.,La.&W.
Cay'ga&Susq
Valley

M.

193.99

26,200,000

8
3,067,000

ft

799,990 79

30,066,991

c
33,742,817

<*

7,012,969

«
2,600,579

8
1,834,000

* '
214,690

193.99

214.20
34.41
11.11
97.41
8.10
84.98

26,200,000

10,000,000
589,110
750,000
4,000,000
200,000
1,320,400

3,067,000
22,000,000

799,99079
68,92156

30,066,991

32,068,922
589,110
1,150,756
4,138,667
409,350
2,438,625

33,742,817

32,068,922
600,000
1,150,756
4,138,667
409,350
2,438,625

7,012,969

t

^8317,829

5,671,219
)

2,600,579
3,773,725

1,156,958

1,834,000

500,000
54,600
37,500
240,000
12,000
118,836

214,690
1,170,000

400,000

200,666

1,106,000

75645
138,667 as
9,34995
12,224 85

20,000

U., C.&S.Vy.
Greene

14,000
64,060

Osw'go & Syr.
Tot. in N. Y.
Lines in N. J.
Morris <fc Es. .
M. & E. Ext..
Chester
New.&Bloom.
Warren

400.21

119.71
1.92
10.04
4.24
18.82
14.11
7.41

16,859,510

15,000,000
221,000
100,534
103,850
1,800,000
111,050
100,000

23,706,000

24,744,000
100,666

229,920 14

411.672 19
142,152 84
27,50478
178,718 81
44.729 19
35,52863
116,760 45

40,795,430

40,155,672
363,153
228,039
282,569
3,194,729
146,579
216,760

40,806,320

40,155,672
363,153
228,039
282,569
3,194,~29
146,579
216,760

962,936

1,050,000
8,840

1,268,060
1,661,430

4,000

6,231
126,000
5,552
4,000

1,350,000

94,500

Passaic&Del.
Pass. & D.Ex

Tot, in N.J.
Tot.O'd & L'd

8., B. & N. Y.
Sussex, ...

176.25

17,436,434

26,194,000

957,06689

44,587,501

44,587,501

1,200,623

1,759,930

770.45

80.95
29.52

60,495,944

2,500,000
1,638,600

52,967,000

1,966,000
236,500

1,986,977 82

115,449,922

4,466,000
1,875,100

119,136,638

4,452,207
1,873,016

21,002,017

885,884
130,764

7,531,262

359,142
32,676

3,997,559
200,000

3,242.680

137,620
16,555

C'd&Op
Total.

110.47

4,138,600

2,202,500

6,341,100

6,325,223

1.016,648

391,818

200,000

154,175

880.92

64,634,544

55,169,500

1,986,977 82

121,791,022

125,461,861

22,018,665

7,923,080

4,197,559

3,396,855

Statement of funded debt, Dec. 31, 1897 :
Consoi. mtge. 7 p. c. 30-yr. coup, bonds, due Sept. 1, 1907 • $3,067,000

The consols are dated Sapt. 1, 1877, mature in 1907, interest payable March and Sept. at the company's
office, in New York, N. Y. Authorized issue, $1»,^H>,000. These bonds are secured on the company's entire
railroad, equipment, depots, buildings, etc. They are $1,000 each. Trustee; Farmers' Loan and Trust Co.
New York, N. Y.

28

434 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

RAILROADS LEASED BY D., L. & W. RR. Co.

fayngra and Susqnehanna RR.— Susque-
hanna River, near Owego, to Ithaca, N. Y., 34.41 in.;
total track (steel, 30 in.). 41.41 miles. Rail, 60
lb«. Originally the Ithaca and Owego RR. Co. (char-
tered Jan. 28, 1828; opened April 1, 1834); reorgan-
ized under existing title April 13, 1843. Leased from
April 21, 1855, at an annual rental of $54,600. Paid
dividends in 1897 (Jan. 4} p. c. and July 4J p. c.),
$53,019.90 ; sundry disbursements, $605.25— total,
$53,625.15. The company owns 6 locomotives, 4
passenger, 2 baggage, 1 caboose cars. Capital stock,
$589,110; income account, $14,753.35— total, $603,-
863.35. Cost of road, $600,000; cash, $3,863.35. M.
Taylor, Pyn«, Pres.; S. S. Palmer, Treas., 52 Wall
Street, New York, N. Y.

Chester RR.— Dover to Chester, N. J., 10.04
m.; sidings, 1.67 miles. Chartered in 1868; opened
in 1872. Leased to Morris and Essex RU. Co. for 4
p. c. on bonds. Capital stock, $100,534.13; funded
debt, 1st mtge. 4 p. c. bonds, $100,000; floating debt,
$27,504.78— total, representing cost, etc., $228,038.91.
Greene RR.— Chenango Forks to Greene, N. Y.,
8.10 m.; total track (steel, 9.17 m.), 9.17 miles.
Rail, 60 and 67 Ibs. Organized Oct. 18, 1869; opened
in 1871. Leased April 26, 1870, at an annual rental
of $26,000, equal to 6 p. c. on its capital stock and
7 p. c. on its bonds. Capital stock, $200,000; funded
debt (1st mtge. 7 p. c. 30-yr. bonds, due Dec. 1, 1902,
Interest June and Dec.), $200,000; other liabilities,
$9,349.95— total, representing cost of road, etc. .$409,-
349.95. Samuel Sloan, Vice-Pres.; Fred'k H. Gib-
bens, Asst. Treas.; F*red F. Chambers, Asst. Sec.,
New York, N. Y.

Morris and K.s.m-x Extension RR. — Junc-
tion with Morris and Essex to city of Paterson, 1.92
m.; sidings, 3.76 miles. Chartered in May, 1889;
opened in Sept., 1889. Operated by the D., L. & W.
RR., as lessees of the Morris and Essex RR., under
an agreement to pay 4 p. c. on its stock, etc. Capital
stock, $221,000. Floating debt, $142,152.84. Total,
representing cost of road, $363,152.84.

Morris and Essex RR.— Hoboken, N. J., to
Phillipsburg, N. J., 85.24 m.; Denville to West End
Tunnel, N. J., 34.47 m.— total, 119.71 miles. 2d
track, 108.06 m.; sidings, 183.52 m. ; total track,
411.29 m.; steel, 344.07 miles. Rail, 68J to 80 Ibs.
Chartered Jan. 29, 1835; opened to Hackettstown, 53
m., in Jan., 1854; to Phillipsburg in 1866. Tunnel
completed in 1876. Leased in 1868 te the D., L. &
W. RR. Co., the lessee assuming all liabilities and
agreeing to pay 7 p. c. per annum on the capital
stock and interest on bonds. Rental, 1897, $2,711,-
430; being interest on bonds, $1,661,430, and divi-
dends on stock (paid Jan. and July, each 3i p. c.),
$1,050,000. Financial Statement, Dec. 31, 1897.—
Capital stock, $15,000,000; funded debt, $24,744,000
—total, $39,744,000. Contra: Construction and equip-
ment, etc., $39,014,484.93; sundry assets, balance,
$20,862.81; profit and loss, $708,652.26— total, $39,-
744,000.

Statement of funded debt in detail, Dec. 31, 1897:
1st mtge. 7 p. c. 50-yr. bonds, due May 1,
1914. int. May and Nov. ($5,000,000

auth.) $5,000,000

Convertible 7 p. c. 30-yr. bonds, due Jan. 1,
1900, int. Jan. and July ($3,000,000

auth.) 281,000

Const, mtge. 7 p. c. 30-yr. bonds, due Oct.
1, 1901, int. April and Oct. ($5,000,000

auth.) 4,991,000

1st consol. guar. mtge. 7 p. c. 40-yr. bonds,
due June -1, 1915, int. June and Dec.

($25,000,000 auth.) 11,677,000

Special real estate bonds, issued and due at

various dates 2,795,000

The consolidated mtge. of 1875 was executed for the
purpose of supplying future requirements of the com-
pany, and for the retirement at maturity of the
various outstanding bonds. All bonds are assumed
and guaranteed by the Del., Lack. & Western RR. Co.
Directors, Morris and Essex RR. Co.— Samuel Sloan,
M. Taylor Pyne, Frederick H. Gibbens, Rosfwell G.
Rolston, Edwin R. Holden, Eugene Higgins, Samuel
Sloan, Jr., H. A. C. Taylor, James Stillman, New
York, N. Y.; Andrew Reasoner, Solomon Griffith,
Hoboken, N. J.; Wm. F. Hallstead, Scranton, Pa.
Samuel Sloan, Pres.; Fred F. Chambers, Sec.; Arthur
D. Chambers, Ti-ons., New York, N. Y. ; Andrew
Reasoner, Supt., HolK>kon, N. J.

Newark and Bloomneld RR.— Newark
Junction to Montolair, N. .7., 4.24 m. ; 2d track 275
m.; sidings, 4.03 m.— total track (steel, 10.14 m.),
11.02 miles. Chartered March 26. 1852; opened July
y., 1856. Leased to Morris and Essex RR. at an

annual rental of 6 p. c. on capital stock. Capital
stock, $103,850; floating debt, $178,718.81— total,
representing eost of road, etc., $282,568.81.

New York, Lackawanna and Westeru
Ry. — Binghamton, N. Y., to International Bridge,
N. Y., 206.99 miles; Cayuga Extension: Owego Sta-
tion to Susquehanna River, 0.5 m.; Buffalo City
Branch (East Buffalo June, to Lake Erie, 5.97 m.;
Abbott Road June., 0.74 m.), 6.71 m.— total, 214.20
m.; 2d track, 212.96 m.; sidings, 148.33 miles. Rail
(steel, 575.49 m.), 60 to 80 Ibs. Chartered Aug. 26,
1880. Road completed in 1882, and opened for
through freight business on the 17th of Sept., 1882.
On the 2d of Oct., 1882, leased to the D., L. & W.
RR. Co. in perpetuity, at an annual rental equalling
interest on bonds and 5 p. c. on stock; lessee also
assuming all outstanding liabilities, including prin-
cipal of bonds, and receiving all assets. Locomotives,
134. Cars— passenger, 31 ; baggage, mail, and express,
46; freight (box, 4,249; flat, i>53; coal, 2,285), 7,487-
total, 7,564. Also 74 service and 59 caboose cars.
Financial Statement, Dec. 31, 1897.— Capital stock,
$10,000,000; funded debt, 1st mtge. 6 p. c. 40-yr.
bonds, due Jan. 1, 1921, interest Jan. and July, $12,-
000,000; construction mtge. 5 p. c. 40-yr. bonds, due
Aug. 1, 1923, interest Feb. and Aug., $5,000,000;
terminal improvement mtge. 4 p. c. 33-yr. bonds, due
1923, interest Nov. and May, $5,000,000; unfunded
debt, $68,921.56 — total, representing cost of road and
equipment, $32,068,921.56. First mtge. 6s are coupon
bonds, with privilege of registration. Samuel Sloan,
Pres.; Fred^k H. Gibbens, Vice-Pres.; Fred F.
Chambers, Sec.; Arthur D. Chambers, Treas., New
York, N. Y.

Oswegro and Syracuse RR.— Syracuse, N.
Y., to Oswego, N. Y., 34.98 m.; total track (steel,
60.02 m.), 61.08 miles. Rail, 6O and 67 Ibs. Char-
tered April 29, 1839; charter amended May 14, 1845;
opened May 14, 1848. Leased Feb. 13, 1869, at an
annual rental equal to 9 p. c. on capital stock, and
5 and 7 p. c. on bonds. Rental in 1897, $182,896.
Payments: Interest on bonds, $64,060; dividends
(Feb. and Aug., 1897, 4i p. c. each), $118,836. The
company owns 14 locomotives, 12 passenger, 4 bag-
gage, etc., 491 box, 99 flat, 4 caboose, and 2
service cars. Capital stock, $1,320,400; funded debt
(1st consol. mtge. guaranteed 7 p. c. bonds, dated
Dec. 28, 1876, due March 1, 1907, Interest March and
Sept., $438,000; guaranteed 5 p. c. 40-yr. construc-
tion mtge. bonds, due 1923, interest May and Nov.,
$668,000), $1,106,000; due lessee, $12,224.85— total,
$2,438,624.85. Contra: Cost of road and equipment,
$2,409,960.55; profit and loss (assumed by lessee),
$28,664.30. Samuel Sloan, Pres.; Fred'k H. Gibbens,
Treas.; Fred F. Chambers, Sec., New York, N. Y.
General Office, Oswego, N. Y.

Passaic and Delaware Extension RR.—
June, with Passaic and Delaware RR. at Bernards-
ville to Gladstone, 7.41 m.; sidings, 1.74 in. — total,
9.15 miles track. Chartered in April, 1890; opened ,
in Sept., 1890. Operated by the D., L. & W. RR. as
lessee of the Passaic and Delaware RR., under an
agreement to pay 4 p. c. on its stock, etc. Capital
stock, $100,000; floating debt, $116,760.45; total,
representing cost of road, $216,760.45.

Passaie and Delaware RR.— Summit, N. J.,
to Bernardsville, N.- J., 14.11 m.; sidings, etc., 3.69
miles. Gauge, 4 ft. 8J in. Rail, 56 Ibs. Organized
Oct. 9, 1878, as successor of the New Jersey West
Line RR. Co., property of which had been for some
time in the hands of mortgage trustees. No report
of operations or financial condition was ever made.
The road was leased, Nov. 1, 1882, to the D., L. &
W. RR. Co., that company agreeing to pay as rental

5 p. c. yearly dividends on the capital stock. Capital
stock, $111,050; due lessee, $35,528.63— total, repre-
senting cost of road, $146,578.63. Samuel Sloan,
Pres., 26 Exchange Place, New York.

Utica, Chenang-o and Snsqnehanna
Valley Ry.— Greene, N. Y., to Utica, N. Y., 75.66
m.; Richfield Springs Branch: Richfield June, to Rich-
field Springs, 21.75 m.— total length, 97.41 m. ; total
track (steel, 130.71 m.), 130.71 miles. Rail, 60 and
75 Ibs. Organized Jan. 11, 1866; opened Oct. 10,
1872. Leased April 9, 1870, at an annual rental of

6 p. c. on capital stock. Dividends paid in 1897, May
1 and Nov. 1, each 3 p. c., $240.000. The company
owns 29 locomotives, 21 passenger. 6 baggage, etc.,
17 caboose, and 4 service cars. Capital stock, $4,-
000,000; due lessee, $138,667.33— total, representing
cost of road, etc., $4,138.667.33. Samuel Sloan,
Pres.; Fred'k H. Gibbens, Treas.; Fred F. Chambers,
Sec., New Yoik, N. Y.

Valley RR.— Pennsylvania State Line to Blng-

POOR'S MANUAL — DELAWARE, LACKAWANKA AND WESTERN SYSTEM. 435

hamton, N. Y., 11.11 m.; 2d track, 11.11 m.; total Delaware River, N. J., 18.82 m.; 2d track, 13.98 m.;
track (steel), 25.22 miles. Rail, 60 to 80 Ibs. Organ- sidings, 8.72 miles. Gauge, 4 ft. 8J in. Rail (steel,
ized March 4. 1869; opened in 1870. Leased April j 40.33 m.), 56 to 80 Ibs. Chartered Feb. 12, 1851;
15, 1869, at an annual rental of 8 p. c. on capital | opened in June, 1856. Leased Oct. 1, 1857, to Dela-

stock. During the year 1882 the dividends were
reduced to 5 p. c. per annum, the lessee also assum-
ing the interest on bonds. Rental in 1897, $57,-
500. Payments: Dividends, Jan. and July, $37,500;
interest, $20,000. The company owns 100 box cars.
Capital stock, $750,000; funded debt (1st mtge. 5
p. c. 30-yr. bonds, due Aug. 1, 1911, interest Feb.
and Aug.), $400,000; due lessee, $756.45— total, repre-
senting cost of road, etc., $1,150.756.45. Samuel
Sloan, Pres.; A. D. Chambers, Treas., New York,
N. Y.
"Warren RR.— New Hampton June., N. J., to

ware, Lnckawanna and Western RR. Co. at an annual
rental equalling 7 p. c. on its stock and bonds. Lease
rental: Interest on bonds, $94,500; dividends (paid
semi-annually, April 15 and Oct. 15), 7 p. c., $126,-
000. Capital stock, $1,800,000; funded debt (2d [now
1st] mtge. 7 p. c. 30-yr. bonds, due Oct. 15, 1900,
$750,000; consol. mtge. 7 p. c. 30-yr. bonds, due
March 1, 1905 to redeem 1st mtge. bonds] $600,000),
$1,350,000; floating debt, $44,729.19— total, represeat-
ing cost of road, etc., $3,194,729.19. John I. Blair,
Pres., Blairstown, N. J.; Fred F. Chambers, Sec.;
Fred'k H. Gibbens, Treas., New York, N. Y.

Board of Managers, D., L. & W. RR. Co., elected Feb. 21, 1898.

John I. Blair Blairstown, N. J.

Fred. W.Vandcrbilt .New York, N. Y.

W. W. Astor "

Eugene Higgins ....

Henry A. C. Taylor. New York, N.Y.
J. Rogers Maxwell. . "
George F. Baker . . .
Frank Work

William Rockefeller.New York.N.T.
Ham.McK.Twombly "

James Stillman

M. Taylor Pyne

Harris C. Fahnestock New York, N. Y. | Rosewell Q. Roleton New York, N. Y.

SAMUEL SLOAN, President New York, N. T.

Vice-President— E. R. Holden New York, N. Y. I Treasurer— Fred'k H. Gibbers New York, N. Y.

2dVice-Pres.&Gen.Mffr.—W.F.HaUBte&(L. Scran ton, Pa. | Sec. & Avd.— Fred. F. Chambers "

GENERAL OFFICE 26 Exchange Place, New York, N. Y.

DELAWARE, LACKA WANNA AND WESTERN SYSTEM.— Controlled Roads.

SYRACUSE, BINGHAMTON AND NEW YORK RR.— Geddes, N. Y., to Binghamton, N.Y.-
80.95 m.; 2d track, 31.50 m.; sidings, 40.84 miles. Gauge, 4 ft. 8* in. Rail (steel, 136.57 m.), 60 to 75 Ibs.

History.— Chartered as Syracuse and Binghamton RR. Co., Aug. 18, 1851, and road opened Oct. 18, 1854.
Reorganized, after foreclosure, April 30, 1857, and since then controlled by Del., Lack, and Western RR. Co.

Rolling: Stock.— Locomotives, 20. Cars— passenger, 9 ; baggage, mail, etc., 2 ; freight (box, 341 ; flat, 59),
400 — total, 411. Also 6 caboose and 7 service cars.

, 544,109 ; coal, 30,991—
age mile rate, 2.356 cents. Tons .

Earnings— Passenger $193,231 90

Freight 223,027 96

Coal 328,259 33

Miscellaneous 128.135 69

Total ($10,780.17 per mile) $872,654

Expenses— Passenger $173,212 58

Freight 296,785 27

Coal 14,873 65

Total ($5,989.76 per mile) $484,871 50

Net earnings (55.56 p. c.), $387,783.38 ; add interest received, $13,229.49- total, $401,012.87. Payments : Inter-
est on bonds, $137,620 ; taxes, $41,870.74 ; dividends (Feb., May, Aug., and Nov., 2 p. c. each), $200,000— total
$379,490.74. Surplus for year, $21,522.13.

Financial Statement, Dec. 31, 1897.— Capital stock, $2.500.000 ; funded debt, $1,966,000— total liabilities
£4.466,000. Contra : Cost of road and equipment, $4,452,207.04. Funded debt consists of $1,966,000 consol. mtge.
7 p. c. 30-yr. $1,000 coup, and reg. bonds, due Oct. 5~ f906, interest April and Oct.

Directors.— Samuel Sloan, New York, N. Y.; Wm. F. Hallstead, Scranton, Pa.; L. P. Child, Lawrence
Turnure, Hugh D. Aiichincloss. Uriel A. Murdoch, Fred'k H. Gibbens, Mosee Taylor Pyne, Daniel 8 Lament E
R. Holden, Benson B. Sloan, Samuel Sloan, Jr., New York, N. Y.; E. F. Holden, Syracuse, N. Y OFFICER* :
SAMUEL SLOAN, Pres.; Fred F. Chambers, Sec.; Frederick H. Gibbens, Treae., New York, N. Y. GENERAI
OFFICE, 26 Exchange Place, New York, N. Y.

SUSSEX RR.— Waterloo, N. J., to Franklin, N. J., 23.21 m.; Branchville Branch, Lafayette to Branch-
vine, N. J., 6.31 m.— total, 29.52m.; sidings, etc., 6.32 miles. Gauge, 4ft. 8H». Rail (steel, 32.88 m.). 52 Ibs.

History.— Chartered Feb. 5, 1853 ; main line opened Dec. fl, 1854. Since Aug., 1881, the main line and
Branchville Branch have been operated by the Delaware, Lackawanna and Western RR. Co. The South Vernon
Branch was sold about the same time to the Lehigh and Hudson River Ry. Co. Separate accounts are kept of the
earnings, expenses, and traffic operations of this line.

Rolling: Stock.— Locomotives, 7. Cars— passenger, 1 ; baggage, mail, and express, 3 ; freight, 59 ; total,
63. Also 3 service cars.

Operations, year ending Dec. 31, 1897.— Train mileage— passenger, 86,670 ; freight, 63,105 ; coal, 4,921—
total, 154,696. Passengers earned, 102,677 ; carried one mile, 1,092,706 ; average mile rate, 3.282 cents. Tons freight
moved, 121,542 ; moved one mile, 2,471,882 ; average ton-mile rate, 3.117 cents. Earnings— passenger, $35,861.91 ;
freight, 869,770.44 ; coal, $7,243 ; miscellaneous, $17,882.22— total, $130,763.57. Expenses and taxes, $98,087.52.
Net earnings, $32.676.05. Paid interest on bonds, $16,555.

Financial Statement, Dec. 31, 1897.— Capital stock, $1,638,600 ; funded debt, 1st mtge. 7 p. c. 30-yr.
bonds, due April 1, 1903, $236,500, interest April 1 and Oct. 1— total, $1,875,100. Contra: Cost of road and equip-
ment, $1,873,016.03.

Directors.— John I. Blair, Samuel Sloan, F. H. Gibbens, S. Griffith, A. Reasoner, A. D. Chambers, M. T.
Pyne, B. A. Hegeman. OFFICERS : ANDREW REASONBR, Pres. <t Supt., Hoboken, N. J.; Fred F. Chambers, Sec.;
Frederick H. Gibbens, Treas., New York, N. Y. GENERAL OFFICE, 26 Exchange Place, New York, N. Y.

DELAWARE, LACKAWANNA AND WESTERN SYSTEM.— Auxiliary Lines.

HANOVER AND NEWPORT RR.— Near Plymouth Station to north of Newport Center, Pa.'
3.41 m.; Auchincloss Branch, 0.63m.; Warrior Run Branch, 2.77 m.— total length, 6.81 m. ; sidings, etc., 3.27
miles. Gauge, 4 ft. 8J in.

History. ^Chartered March 14, 1894. The road is completed to two collieries of the D., L. & W. RR. Co.,
and its only earnings are from rents for the use of its tracks by that company.

436 POOK'S MANUAL OF EAILEOADS — RAILROAD "SYSTEMS."

Operations, year ending Dec. 31, 1897.— Income, $7,127.90. Expenses, $2,616.85. Surplus, $4,511.05.

Financial Statement. Dec. 31, 1897.— Capital stock, $50,000 ; floating debt, $446,319.39 ; profit and loss,
$7,53i.i»-total, $503,851.64. Contra : Cost of road, $453,851.64 ; cash and current assets, $50,000— total, $503,851.64.

Directors.— Win. F. Hallstead, Jas. Archbald, Melvin I. Corbett, Jas. W. Fowler, Wm. H. Storrs, Chas. C.
Rose, Jno. P. Snyder, Scran ton, Pa.; Samuel Sloan, Edwin R. Holden, Fred. H. Gibbens, Samuel Sloan. Jr.,
Arthur D. Chambers, New York, N. Y. OFFICERS : WM. F. HALLSTEAD, Pres., Scranton, Pa. ; Fred F. Chambers,
Stc.; Arthur D. Chambers, Treat., New York, N. Y. GENERAL OFFICE, Scranton, Pa.

LACKA WANNA AND MONTROSE RR.-Alford to Montrose, Pa., 10.48m.; sidings, etc., 1.31
miles. Gauge, 4 ft. 8J- in. Rail (steel), 6S} Ibs.

History.— Chartered Sept. 30, 1889 ; road opened Aug. 24, 1891. Rolling stock supplied by the D., L. & W.
RR. Co.

Operations, year ending Dec. 31, 1897.— Train mileage— passenger, 12,485 ; freight, 12,485— total, 24,970
miles. Passengers carried, 30.709; carried one mile, 311,139. Tons freight moved, 13,319; moved one mile,
141,253. Earnings— passenger, $12,011.89 ; freight, $5,604.59 ; mail, express, and other, $1,927.09— total, $19,543.57.
Operating expenses, including taxes, $12,645.15. Net earnings, $6,898.42.

Financial Statement. Dec. 31, 1897.— Capital stock ($150,000 auth.; $50 shares), $130,860 ; profit and loss,
$17,651.89— total, $148,511.89. Contra : Cost of road, $141,883.83 ; other assets, $6,628.06.

Directors.— W. D. Lusk, W. H. Jessup, Montrose, Pa.; W. R. Storrs, W. H. Storrs, Garret Bogart, J. W.
Fowler. George M. Hallstead, W. G. Parke, H. L. Beach, M. I. Corbett, James Archbald, D. Sayre, Scranton, Pa.
OFFICERS : W. F. HALLSTEAD, Pres., Scranton, Pa.; Frederick H. Gibbens, Treas.; Fred F. Chambers, Sec. &
And., New York, N. Y. GENERAL OFFICE, Montrose, Pa.

DENVER AND RIO GRANDE RAILROAD COMPANY.

Main Line of Road.— Denver, Col. , to Rifle, Col 399.78 m.

Operated jointly : Rio Grande June. Ry.: Rifle to Grand June., Col. 62.08 m. — 461.86 miles.

Other Divisions and Branches Owned (see below) 1,194.59 "

Leased : Rio Grande Gunnison Ry.: Wagon Wheel Gap to Creede, Col 9.59 "

Total length of lines operated, June 30, 1897 1,666.04 miles.

2d track, 33.21 m.; sidings, 332.44 miles. Gauges, 3 ft. and 4 ft. 8} in. Rail (steel, 1,837.94
m.), 30 to 85 Ibs.

History.— Organized July 14, 1886, as successor to the Denver and Rio Grande Ry. Co.,
whose property was sold under foreclosure July 12, 1886. (See MANUAL for 1891, page 691.)
The Rio Grande Junction Ry. (statement for which see) was built jointly by this company
and the Colorado Midland Ry. Co., and is leased, and its bonds guaranteed jointly by the two
companies. In Nov., 1890, a through standard-gauge route was opened between Denver and
Ogdeu over this road, the Rio Grande Junction and the Rio Grande Western Rys.

Statement of mileage as operated by divisions, June 30, 1897 :

First Division.

1st Dist.— Denver to Pueblo, Col 119.60

2d Dist.— Pueblo to Salida, Col 97.40

M Dist.— Pueblo to Trinidad. Col .... 91 33
4th Dt.— Cnchara Jet. to La Veta.Col. 21.60
Branches and Spurt : Manitou, 5.3 ;

Lorn*, 4.57 ; Rouse, 6.19 ; Conchita,

6.94 ; Engleville Coal, 6.2 ; Fort Lo-

fan, 2.51 ; Coal Creek, 2.6 ; Oak C'k,
.10 ; Chandler Creek, 4.6; Fremont,
1.89; Castle Rock Quarry, 4.10; Dong-
laa Quarry, 2.6... 47. 60-377. 53m.

Second Division.

I Salida to Leadville, Col 61 20

1st Dist, ^ Malta to Minturn, Col .... 35*67

( Leadville to L'dville Jc., Co! 3 22

2d Dist.— Minturn to New Castle, Col 71 85

Ri«e Creek Ext.— New Castle to Rifle,

Col. (leased to Rio Grande Jet. Ry.) 13.28
Branches : Blue River, 37.36 ; Aspen,
42.58; Calumet, 6.85; Iron Silver

Mine, 3.40 90 19

•Rio Grande Jet. Ry.: Rifle Creek to
GrandJct 62.08— 137.49m.

Third Division.

1st Diet.— Salida to Gunnison , Col .... 73.80
2d Dist.— Gnnnison to Grand Jet., Col.135.24

3d Dist.— Mears Jet. to Alamosa 73. 3*

Branches and Spurs: Monarch, 16.28;
Crested Butte, 33.10 ; Ruby-Anthra-
cite, 10.76 ; Lake City, 36 ; Onray,
35.76 ; Orient, 8.30 ; Aberdeen, 4.49;

Taylor River, 0.20 144.89

Grand Jet. to Crevasse (leased to R.
G.W. Ry.Co.) 18.00-446.25 m.

Fourth Division.

1st Dist.— Alamosa to Chama, Col. ... 92.71
2d Dist.— Chama to Dnrango. Col .... 107.39
Branches and Spurs : Creede, 69.91 ;

La Veta, 59.2 ; Silverton, 45.7 ; Es-

panola, 91.7 ; Du ran go and Silverton

Spurs, 2 ; Chama Lumber, 3.16 271.67

Espanola to Santa Fe (R. G. & 8. Fe

RR.) 34.00— 506.77m.

Total of all lines 1,666.04m.

NOTE.— Of the above mileage, 18 m. from Grand Jet.
to Crevasse are leased to the Rio Grande Western Ry.
Co. for a term of years, at a fixed annual rental.

The Chicago, Rock Island and Pacific Ry. Co. has joint use of the line of this company's
railroad between Denver and Pueblo, Col., a distance of 119.60 miles.

Total standard gauge (4 ft. 8£ in.) main track mileage of the company is '682.06 m., of
58 m. are three-rail track ; the remainder of the system is of 3 ft. gauge. Trains
to and from the narrow-gauge districts and branches are run from and to Denver by means of
a third rail.

POOR'S MANUAL — DENVER AND RIO GRANDE RR. CO.

437

Rolling Stock, June 30, 1897.— Locomotives (3 ft. gauge, 145 ; 4 ft. 8i in. gauge, 148),

293.

Passenger Train Cars.

Narrow
Gauge.

Stand'd
Gauge.

Totals.

Freight Train Cars.

Narrow
Gauge.

Stand'd
Gauge.

Totals.

Coaches

55

46

101

Box

1,729

1,796

3,525

Chair .

6

6

Plat

716

324

1,040

Emigrant Sleepers. ... . .

11

11

Stock

273

194

467

Baggage

8

lift

Coal

1,333

792

2,125

Express .

14

I16

38

Charcoal

2

2

Combinat'n, Mail, Bag., & Ex.

13

13

26

Refrigerator

50

38

88

Comb'n, Coach, Bag., & Ex. .

12

13

Caboose

40

70

110

Combination Pass., & Bag

5

5

Construction ... . .

101

27

128

Observation

3

3

Water

6

15

21

Provision . . .

1

1

Oil Tank . ..

18

18

Business

10

2

12

Wrecking, Flangers, etc. . . .

28

10

38

Excursion

5

5

Tool

5

5

Fruit

79

79

Totals

138

82

220

Totals

4,296

3,350

7,646

Operations, year ending June 30, 1897. — See tabulated statement on page 438.

Earnings— Passenger $1,247,991 29

Freight 4,894,611 61

Mail, Express <fc Miscellaneous. 802,511 63

Total ($4,168.64 per mile) $6,945,114 53

Expenses— Transportation and General . . .$2,664,308 00

Maintenance of Equipment 378,191 60

Roadway and Structures 1,032,83689

Total (J2.446.12 per mile) $4,075,336 49

Net earnings (41.32 p. c.), $2,869,778.04 ; add other receipts, $51,682.74— total, $2,921,-
460.78. Payments : Interest on funded debt, $1,997,950; taxes, $331,112.76 ; insurance, $20,-
878.71 ; lease rentals, $67,323.43 ; dividends on preferred stock (No. 11, Jan. 15, 1897 ; No.
12, July 15, 1897 ; 1 p. c. each), $473,000— total, $2,890,264.90. Surplus, carried to profit
and loss, $31,195.88. A dividend of 1 p. c. on preferred stock was paid in Jan., 1898 ; and
one of 1| p. c. has been declared payable July 15, 1898.

Profit and Loss Account, June 30, 1897.— Balance from last year, $2,056,417.71 ; income
balance, June 30, 1897, $31,195.88— total, $2,087,613.59. Deduct adjustment during the year
to profit and loss direct (debit, $40,149.68; less credit, $2,334.70; leaving net), $37,814.98.
Balance to credit of profit and loss, June 30, 1897, $2,049,798.61.

The earnings of the company on traffic to and from tha Rio Grande Southern RR. during
the fiscal year were $351,239.78 against $369,864.03 for the year ending June 30, 1896. The
earnings of the Rio Grande Southern RR. for the year were $401,238.59 against $489,284.01
for the preceding fiscal year, a decrease of $87,995.42. (See statement for Rio Grande South-
ern RR. Co., on page 439.)

General Balance Sheet, June 30, 1897.

Cost of Road $101,156,564 49

Cost of Equipment 4,135,141 12

Express Equipment

Real Estate

Materials and Supplies

U. S. Government

Due by Agents and Conductors

Bills Receivable

Individuals and Companies

County and State Warrants. . . .

Securities in Treasury (Cost) 1,920,042 21

Special Renewal Fund (Contra) 439,46624

Sinking Fund, Pueblo Union Depot 5,600 00

Sundries 5,319 10

Cash on Hand 583,956 30

Total Assets $109,025,174 86

50,000 00

25,062 26
317,107 72

42,437 05
210,275 68

25,000 00

106,699 04

2,503 65

Common Stock $38,000,000 00

Preferred Stock 23,650,000 00

Funded Debt 43,136,000 00

Vouchers.

Pay Rolls

Unpaid Coupons

Accrued Interest on Bonds. . . .

Taxes Accrued

Lease Rentals Accrued

Express Money Orders

Traffic Balances

Sundries

Dividends on Preferred Stock.
Renewal Fund (Contra).

140,921 98
317,917 75
609,222 50
108,227 08
183,578 56
8,425 60
23,974 28
99,556 28
21,435 98
236,650 00
439,466 24

Income Account 2,049,798 61

Total

Liabilities $109,025,174 86

Preferred stock is entitled to 5 p. c. non-cumulative dividends. (See MANUAL for 1896.)
Income, etc., supplementary comparative statement for 10 months ending April 30, 1898

and 1897:

1898
Gross Earnings $6,973,954

Operating Expenses 4,195,856

Net Earnings 2,777,098

Proportion Fixed Charges, Taxes, etc 2,026,825

Balance, Net Income 750,273

Dividend, 1 p. c. on preferred stock— 1898 and 1897, $236,500.
773; 1897, $158,400; increase, $355,372.

1897

$5,770,249
3,411,951
2,358,298
1,963,397
394,900

INCREASE.

$1,202,705
783,905
418,800
63,428
355,372

Surplus, 1898, $513,-

438 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Statement of property, operations, and capital account for eight fiscal periods ;

1890

6 months
ending
June 30.

1891

June 30.

1892

June 30.

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles of Railroad Operated.
Average Mileage Operated.
Miles of Railroad Owned. . .
Miles of Track Owned ....
Miles of Steel Rail

•1,677.40
1,497.00
*1,615.32
*1,933.98
*1,343.83

1,677.40
1,579.00
1,615.32
1,974.26
1,734.46

303

247
7,267

1,758,472
2,714,388
4,473,860
673,735
66,135,652
2,093,660
308,529,371
$
1,735,528
6,189,359
926,033

1,686.99
1,640.00
1,615.32
1,956.47
1,734.46

303

248
7,094

1,821,270
2,583,378
4,404,648
583,833
67,005,604
1,904,255
322,935,521
S
1,865,232
6,017,045
948,670

1,681.68
1,646.00
1,610.01
1,955.35
1,337.00

300

244
7,036

1,974,233

2,950,260
4,924,493
686,889
78,853,801
2,488.079
372,972,910
$
1,782,927
6,569,573
965,146

1,679.49
1,654.00
1,625.82
1,974.98
1,349.65

293
247
6,973

1,397,208
2,508,985
3,906,193
438,898
53,896,086
1,739,253
28^931,183
S
1,175,184
4,529,163
771,697

1,666.04
1,657.00
1,594.37
1,954.82
1,445.82

291

227
6,993

1,476,151

2,432,498
3,908,649
513,390
50,008,994
1,992,764
290,349,412
$
1,183,270
4,819,905
913,666

1,666.04
1,663.00
1,594.37
1,957.53
1,515.29

292
221

7,677

1,739,656

2,489,839
4,229,495
635.129
66,854,881
1,966,131
314,297,313

8

1,478,911
5,179,050
893,226

1,666.04
1,666.04
1,594.37
1,960.02
1,837.94

293
220
7,046

1,779,501
2,373,302
4,152,803
534,239

Passenger Trail! Cars

225
6,657

1,783,203
1,108,945
1,892,148

Freight Train Cars

Revenue Pass. Train Miles 7
Revenue Fjfht. Train Miles.
Total Revenue Train Miles .
Passengers Carried

Passenger Miles
Freight (tons) Moved

872,063
124,929,884
$
797,363
2,655,935
437,555

1,731,694

Freight (ton) Miles
Passenger Earnings

$
1,247,991
4,894,612
802,511

Freight Earnings
Miscellaneous

Gross Traffic Earnings
Gross Expenses and Taxes.

Net Earnings .... ....

3,890,853
2,360,143

8,850,920
5,796,866

8,830,946
5,471,885

9,317,646
5,606,421

6,476,044
4,286,881

6,916,841
4,306,363

7,551,187
4,676,885

6,945,114
4,406,449

1,530,710
j 15,342

3,054,054
18,447

3,359,061

3,711,225
54,575

2,189,163
10,300

2,610,478
14,600

2,874,802
57,335

2,538,665
51,683

Other Receipts

Available Revenue
Payments : Interest. .......

1,546,052

859,593
(21)650,375

3,072,501

1,987,882
(21)591,250

3,359,061
2,070,456

3,765,800

1,989,306
(2) 473,000
67,668
38,766
267,752
S. 929,308

5,66078
3,20904
2,451 74
56.69 p. C.
2.26 c.
_1.76c.

$
38,000,000
23,650,000
42,867,500

2,199,463
2,001,183

2,625,078
1,999,088

2,931,637

1,997,950
(2) 473,000
70,351
3,695
168,249
S. 218,392

4,540 70
2,812 32
1,728 38
61.94 p. c.
2.21 c.
1.06c.

8

38,000,000
23,650,000
43,136,000

2,590,348

1,997,950
(2) 473,000
6r,323

Dividends on Pref. Stock.
Lease Rentals

65,346

66,291
11,430
32,898
5. 87,661

3,915 38
2,401 78
1,513 60
61.34 p. C.
2.18 C.
1.58C.

S

38,000,000
23,650,000
43,136,000
150,000

68,822
1,874
27,105
S. 528,690

4,174 32
2,598 89
1,575 43
62.26 p. C.
2.32 c.
1.06 c.

38,000,000
23,650,000
43,136,000

Other Charges
Surplus or Deficit for Year.

tGross Earnings per Mile.. .
tExpense.* & Taxes per Mile
tNet Earnings) per Mile
tEx. and Taxes to Earnings
Av. Rate per Pass, per Mile
Av. Rate per Ton per Mile.

Common Stock

140,374
D. 104,290;

2,599 00
1,577 00
1,02200
00.66 p. C.
2.67 c.
2.10.C.

/ *

(38,000,000

23,650,000
41,047,500

386,636
S. 106,733

5,605 39
3,489 74
. 2,11565
62.26 p. c.
2.62 c.
2.01 c.

S

38,000,000
23,650,000
42,867,500
1,542,549
183,196
2,390,263
80,362
1,728,886

309,147
S. 914,112

5,384 72
3,12292
2,251 80
58.00 p. c.
2.78 C.
1.86 C.

" S

38,000,000
23,650,000
42,867,500
856,952
307,459
1,824,053
38,417
2,726,639

S. 31,196

4,168 64
2.644 86
1,5~'3 78
63.45 p. c.

$
38,000,000
23,650,000
43,136,000

Preferred stock

Funded Debt ....

Bills and Loans Payable

Renewal Fund

60,000
2,643,643
13,357
1,890,597

447,483
1,835,945
32,928
2,655,306

' 437,647
1,507,631
78,383
2,623,054

451,575
1,338,719
94,010
2,130,194

437,517
1,616,002
46 722
2,056,'418

439,466

1,728,474
21,436
2,049,799

Current Accounts

Other Liabilities

Income Account

Total Liabilities..

1107,305,097

98,309,742
4,398,960
41,737
145,448
901,321
58,812

110,442,756

100,983,453
5,741,934
28,907
578,344
880,139
50,000
1,600

110,271,020

100,929,313
6,079,540
48,811
852,220
504,836
50,000
2,400
277,459
708,834
390,050
427,557

109,489,162

101,013,810
5,156,438
48,811
1,203,218
482,327
50,000
2,400
397,483
595,729
35,000
503,948

109,582,665

101,148,532
5,129,253
48,811
1,506,137
369,497
50,000
3,200
437,647
471,610
34,800
383,178

108,800,498

101,154,216
4,125,071
45,811
1,673,550
304,379
50,000
4,000
451,575
452,434
33,000
506,462

108,942,659

101,156,564
4,135,141
25,062
l,729,t;86
394,397
50,000
4,800
437,517
458,S56
25,000
525,336

109,025,175

101,156,564
4,135,141
25,062
1,SSO,042
317,108
50,000
5,600
439,466
367,236
25,000
583,956

Cost of Road

Equipment

Real Estate and Other Inv. .
Securities in Treasury.

Materials and Supplies. .
Express Property

Sink. F'd, Pueblo U'n Dep.
Special Renewal Fund

Accounts and Other Assets.
Bills Receivable

770,662
1,558,287
1,120,128

1,018,073
400,287
760,019

Cash

Total Assets

107,305,097

110,442,756

110,371,020

109,489,162

109,582,665

108,800,498

108,942,659

109,025,175

* On Dec. 81, 1890. t These figures are based on the gross earnings, expenses, and net earnings appearing
in tniK table.

The funded debt outstanding ($43,136,000) consisted June 30, 1897, of—

1st mtge. (main line) 30-yr. 7 p. c. $500 and $1,000 coup, gold b'ds, due Nov. 1, 1900, int. M. & N. $6,382,500

:st consol. mtge. 50-yr. 4 p. c. $500 and $1,000 coup, gold bonds, due Nov. 1, 1936, int. Jan. & July. 28,650,000

cement mtge. 40-yr. 5 p. c. $500 coup, and reg. gold bonds, due June 1, 1928, int. June & Dec. 8,103,500

»^e flr,8i rniOf- is secured on the line from Denver to Alamosa and El Moro, 294 miles. The bonds are

for $500 and $1,000 (1 to 6,258 for $1,000; 1 to 249 for $500), and are dated April 13, 1871. Principal payable

in New York or London; interest in New York, London, or Amsterdam; principal and interest in gold, free

POOR'S MANUAL — DENVER AND RIO GRANDE SYSTEM. 439

of all taxes. These bonds will be retired on or before maturity (Nov. 1, 1900), by an issue of an equal
amount of consol. mtge. bonds of 1936, bearing 4J p. c. interest, which have been sold, and are to be delivered
as the 7 p. c. bonds are surrendered to the company. Upon the retirement of the 7 p. c. bonds, the consol.
mtge. bonds, both the 4s and 4£s, will become an absolute 1st mtge. on the entire property of the company.

The consolidated mtge. bonds are secured on the entire property, subject, however, to the lien of the
1st mtge. on the line from Denver to Alamosa and El Moro, 294 miles. The authorized amount is $42,000,000,
of which $6,382,500 are reserved to retire the Ists, and $6,900,000 to acquire the property of the Denver and
Rio Grande Western Ry., or to construct a line to Ogden. There are $67,500 of the balance remaining un-
issued. The bonds to be issued for the Ists may bear interest at a rate not exceeding1 7 p. c. Denominations
—$41,000,000 in $1,000, and $1,000,000 in $500 bonds. Interest and principal payable in gold in New York.
Bonds are in coupon form, with privilege of registration, either as to principal alone, or, upon surrender of
coupons, as to principal and interest. Trustee: United States Trust Co., New York.

The improvement mtge. is subject to the lien of the consolidated mtge. The bonds were issued to pro-
vide means for laying third rail, and for other improvements. Authorized at the rate of $5,000 per mile on
constructed road. " Interest and principal payable in gold in New York. These bonds are in coup, form, with
privilege of registration, either as to principal only, or, upon surrender of coupons, as to both principal and
interest. Trustee: United States Trust Co., New York.

Securities Oivned by the Company, June 30, 1897. — In general fund there are 1,340 Rio
Grande Southern Ry. $1,000 1st mtge. bonds, valued on the books at $879,100 ; 1 Rio Grande
Gunnison Ry. 6 p. c. bond of the par valne of $100,000, valued on the books at $87,000 :
3,750 $100 shares Rio Grande and Santa Fe RR. Co., valued at $217,500 ; 512 Rio Grande
Southern RR. Co. $1,000 1st mtge. bonds and 22,556 shares of the par value of $100 each of
the capital stock of the same company, acquired under the agreement of Feb. 27, 1895, the
block being valued on the books at $559,461.21 ; 81 1-5 shares, $100 each, of Pueblo Union
Depot and RR. Co. capital stock, $8,120 ; and other securities of the par value of $1,206,150,
costing $168,861 ; total par value, $5,796,870, and total book value, $1,920,042.21. In special
renewal fund there are 266 Rio Grande Southern Ry. 5 p. c. $1,000 bonds, costing $172,900 ;
505 Denver and Rio Grande improvement 5 p. c. $500 bonds, costing $214,571.17 ; 56 Denver
and Rio Grande RR. 1st consol. 4 p. c. $1,000 bonds, and two $500 bonds of the same issue,
the lot costing $48,206.25 ; 1 Rio Grande Southern RR. Co's note amounting to $1,360.83, and
$2,427.99 in cash to be invested — a total par value of $579,288.82, and a total book value of
$439,466.24. The aggregate of securities in both funds equals $6,376,158.82 in par value and
$2,359,508.45 book value.

Rio Grande Gunnison Ry.— Length of line
(steel, 1.95 m.), 9.59 miles. Leased to the Denver
and Rio Grande RR. Co., Dec. 31, 1891, the lease
being terminable on 60 days' notice; annual rental.
$6,000, being interest on bonds. Capital stock, $500;
funded debt (1st mtge. 6 p. c. gold bonds, dated Dec.

1, 1891, payable on demand; Int. J. & D.), $100,000;
unfunded debt, $3,560— total, $104.060. Contra: Cost
of road, $100,000; other assets, $4,060. Trustee of
bonds: Edward T. Jeffery. Interest payable at
Denver, Col. Edward T. Jeffery, Pres. ; Joseph W.
Gilluly, Treas. ; John B. Andrews, Sec., Denver, Col.

Board of Directors, Denver and Rio Grande RR, Co., elected Oct. 19, 1897.
GEORGE COPPELL, Chairman Board of Directors New York, N. Y.

George Coppell New York, N. Y.

Richard T. Wilson. . "

John Lowber Welsh, Philadelphia, Pa.

Chas. C. Beaman. .New York, N. Y.

William Mertens.. "

Edward T. Jeffery Denver, Col.

E. O. Wolcott Denver, Col.

Arthu r Coppel 1 . . . . New York, N . Y.
J. Edw. Simmons. " "

EDWARD T. JEFFERY, President and General Manager Denver, Col.

Treasurer— Joseph W. Gillaly Denver, Col. I Comptroller— Stephen Little New York, N. Y.

Secretary— William Wagner New York, N. Y. | Auditor— Edward R. Murphy Denver, Col.

GENERAL OFFICES Equitable Building, 17th and Stout Streets, Denver, Col.

New York Office, 47 William St, | London Agts., Jno. K, Gilliat & Co., 4 Crosby Sq.

DENVER AND BIO GRANDE SYSTEM.— RIO GRANDE SOUTHERN RR.

Main Line of Road. — Ridgway to Durango, Col 162.6 m.

Tetturide Branch: Vance Junction to Pandora, Col 9.8 m.

Sundry branches to mines 8.0 m. — 180.4 miles.

Sidings, 19.98 miles. Gauge, 3 ft. Rail (steel), 30, 40, 45, and 57 Ibs.

Historj. — Chartered Oct. 30, 1889 ; road opened Feb. 1, 1892. Receiver appointed Aug. 1,
1893. Company reorganized, and the property returned to the stockholders on Dec. 1, 1895.
(See MANUAL for 1897, page 416.) The company is controlled by the Denver and Rio Grande
RR. Co., through ownership of a majority ($2,25o,600) of the capital stock, which has been
pleacd in trust in accordance with the agreement of Feb. 27, 1895. (See MANUAL for 1896.)

Rolling Stock, June 30, 1897. — Locomotives, 35. Cars — passenger, 12 ; baggage, etc., 3;
freight (box, 428 ; flat, 102 ; stock, 60 ; coal, 205 ; caboose, 5), 800 ; other, 26— total, 841.

Operations, year ending June 30, 1897. — Earnings (passenger, $74,053 76 ; freight,
$292,383.21 ; mail, express and other, $34,801.62), $401,238.59. Expenses, $229,789.17. Net

440 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

earnings (42.73 p. c.), $171,449.42 ; add interest »n deposits, $2,989.14— total, $174,438.56.
Payments : Interest on bonds at 3 p. c., $135,300; insurance, $1,687.59 ; taxes, $33,980.26
—total, $170,967.85. Surplus, $3,470.71, carried to eredit of profit and loss.

Financial Statement, June 30, 1897.— Capital stock (auth., $5,000,000 at the rate of $25,-
000 p. m. ; $100 shares), $4,510,000 ; funded debt (1st mtge. 3-4 p. c. 50-yr. $1,000 gold coup,
bonds, with provision for registration of principal, due July 1, 1940, interest Jan. and July),
$4,510,000 ; bills payable under contract with D. & R. G. RR. Co. (contra), $191,166 10 ; cur-
rent accounts, $35,078.91 ; accrued taxes, $35,971.86 ; accrued interest, $67,680 ; equipment
renewal fund, $12,723.27; hospital fund, $2,810.89; profit and loss, $87,238.03— total, $9,-
452,699.06. Contra : Cost of road and equipment, $9,020,000 ; D. & R. G. RR. under contract
(contingent, $63,966.10 ; collateral securities at cost, $127,200), $191,166.10 (tee bills payable
contra) ; materials and supplies, $51,708.21 ; current accounts, $17,776.80 ; bills receivable,
$50,000 ; 1st mtge. bonds in treasury, at cost, $650 ; cash, $121,397.95— total, $9,452,699.06.

The authorized issue of 1st mtge. bonds is $5,000,000, being at the rate of $25,000 per mile. The original
rate of interest was 5 p. c. per annum, but by the agreement with the Denver and Rio Grande the interest
was reduced to 3 p. c. per annum to and including Jan. 1, 1888, and thereafter 4 p. c. per annum till matur-
ity. Trustee: Central Trust Co., New York, tf. Y. Interest on bonds payable at the office of Maitland,
Coppell & Co., New York, N. Y.

Directors (elected Oct. 18, 1897). — George Coppell, Arthur Coppell, R. T. Wilson, New
York, N. Y. ; Clarence Buckingham, Chicago, 111. ; Otto Hears, S. N. Wood, E. T. Jeffery,
Denver, Col.

E. T. JEFFERY, President Denver, Col.

George Coppell, Vice-President New York, N. Y.

Treasurer— J. W. Giiluly Denver, Col. | Secretary— J. B. Andrews Denver, Col.

Auditor— Cooper Anderson '. Denver, Col.

PRINCIPAL OFFICE AND ADDRESS , Denver, Col.

ERIE RAILROAD COMPANY.

Main Line of Road. — Piermont to Dunkirk, N. Y 446.64 miles.

WeehawkenBr.: Bergen Tun'l. J. C., to Jc. with N. J. Jc. RR. tracks 0.43 m.

Newburgh Short Cut : Arden June, to Vail's Gate June., N. Y 12.64 m.

Newburgh Branch : Greycourt to Newburgh, N. Y 18 . 73 m.

Buffalo Division : Hornellsville to Buffalo, N. Y 92. 16 m.

Niagara Falls Branch: East Buffalo to Suspension Bridge, N. Y. 24.01 m.
International Bridge Br. : Internat'al Jc. to Internafal B'dge, Jf. Y. 4 . 50 m.

Lockport Branch : Tonawanda to Lockport, N. Y 15 . 12 m.

Attica Section : Painted Post, via Avon, to Attica, N. Y 109.01 m.

Southwestern Division : Buffalo Creek RR. Jc. to Jamestown, N. Y. 66 36 m.

Edgerton Branch : Erie Breaker to Edgerton Breaker, Pa 2.50 m.— 345.46 "

' Long Dock Co.' s Bit 2.56m.

Newark and Hudson RR 5.62 m.

Paterson, Newark and New York RR 11.33 m.

Bergen County RR 9.82m.

Arlington RR 1 . 16 m.

Railroads whose
entire stocks are
owned by the '
Erie RR. Co. :

Bergen and Dundee RR 2.45 m.

Jefferson RR ... 44.69 m.

Moosic Mountain and Carbondale JKR . . 4.21 m.

Erie and Black Rock RR 1.14 m.

Conesus Lake RR 1 61 m.

N. Y., L. E. & W. Ooal and RR. Oo.'s RM. 50.65 m.

Nypano RR 429.59 m.

. Chicago and Erie RR 249.57 m.— 814.40 •*

Total length of lines owned in fee (792.10 m.) or entire stock owned . . 1,606.50 miles.

f New York and Greenwood Lake Ry 51 .66 m.

_, . New Jersey and New York RR 36.87 m.

Majority Of stock I Middletown and Crawford RR 10 22 m.

owned: \ElmiraStateLintRR 6.51m.

Tioga RR 58. 15 m.

I Buffalo, Bradford and Pittsburgh RR 37.01 m.— 200.42 "

Ceased lines : For particulars see statement on pa?e 441 ... 275.98 "

Operated : Northern RR. of N. J., Bergen June., N. J., to Nyack, N. Y. . . 26.05 "

:kage rights : For particulars see statement on page 441. 53 . 86 "

Total length of lines owned, leased, and operated, June 30, 1897.. . 2,162^81 miles.

Gauge, 4 ft. 8* in. Rail (steel), 68 to 80 Ibs.

POORS MANUAL — ERIE RR, CO.

441

Statement showing mileage of tracks in the Erie RR. System, June 30, 1897 :

First
Track.

Second
Track.

Sidings.

Total
Track.

Lines Owned Absolutely

M.

792.11

M.

414 66

M.

459 21

M.

1 665 98

Entire Stock Owned

814.39

77.16

420 10

1,311 65

Majority of Stock Owned

200.42

14 04

68 23

282 69

Leased Lines .

275.98

94 42

180 51

550 91

Operated Under Agreement

26.05

21 54

6 33

53.92

Trackage Rights

53.86

S3 00

54 53

131 39

Totals

2,162.81

644 82

1 188 91

3 996 54

LEASED LINES AND LUTES OPEKATED UNDEK TRACKAGE CONTKACTS.
The following statement shows the leased lines of the Brie RR. Co. on June 80, 1897,
their terminal points and mileage, the rates and terms of the leases, and the annual rental
charge ; also the lines operated under trackage agreements and the amounts payable annually
in respect tkereof :

TKHMIKAI, POINTS.

Length.

Date of
Lease.

Term of

I. >•.-;-••.

Annual
Rental
Charge.

From

To

Paterson & Hudson River RR.
Patereon & Ramapo RR
Union RR. .

J. C. (Bridge Cr.)..
Paterson, N. J
State Line, N. Y.

Paterson, N. J
State Line, N.Y...
Suffern, N.Y
Goshen, N. Y

Miles.

(-28.68-J

10.43
11.64
15.61
18.40
17.70
10.22
6.51
51.66
129.87
2.09
16.34
16.73
8.49

3.02
2.09
27.76

Sept. 9, 1852
Sept. 9, 1852
Sept. 10,1852
Jan. 1, 1873
Jan. 1, 1872
June23,1886
July 1, 1871
Jan. 1, 1872
Jan. 30, 1882
Aug. 11,1876
May 1, 1896
Jnlyl, 1880
Jan. 1, 1886
Apr. 30,1882
July 18, 1887
May 1, 1883

Perpetuity

50 years
25 "
Perpetuity

99 years
999 '
999 '
82J '
96J '
100 '
99 '
99 '

48,40000
26,50000
3,50000
16,00000
19,035 00
50,00000
34,01800
5,78500
10,50000
6,314 00
75,00000
525,96? 38
4,00000
37,101 00
15,03750

Montgomery & Erie RR
Goehen & Deckertown RR. . .
Hawley Br., Pa. Coal Co.'s RR.
Roch. & Genesee Valley RR.
Avon, Gen. & Mt. Morris RR.
Middletown & Crawford RR.
Elmira State Line RR. .

Montgomery, N. Y.
Goshen, N. Y
Lacka waxen, Pa...
Avon, N. Y

Pine Island, N.Y. .
West Hawley, Pa . .
Rochester, N.Y
Mt. Morris, N.Y...

Avon, N. Y . . .

Crawford Jc., N. Y.
State Line Jc.,N.Y.
See page 451

Pine Bush. N.Y...
Pa. State Line

N. Y. & Greenwood Lake Ry.
Clev. & Mahoniug Val. RR. . .
Westermnn RR

See page 4fc2

Sharon, Pa

Pa. State Line

Sharon Ry

See page 452

New Cattle & Shen. Val. RR.
Younggtown & Ans'town RR.
Trackage Rights:
New Jersey Junction RR
Northern Central Ry

West Middlesex, Pa.
See page 453

New Castle, Pa

Jc. Weehawken Br.
Southport Jc.,N.Y.
Johnsonburg, Pa. . .
Miner's Creek, N.Y.
Ind. ,111. State Line.

D.&H.D1ks,Weeh'n

State Line Jc., N.Y.
Brockwayville, Pa. .

6,00100

Philadelphia & Erie Ry
Garnerville RR

Garn. Print Works.
Chicago, 111

1.00
19.99

nil.

198,097 86

Chicago & Western Ind. RR.
Total Leased Lines

Nov. 1, 1880

999 years.

275.98

785,277 88
91,814 00
204.09886

Controlled and Leased. . .

68.39

Trackage Rights...

53.86

In the preceding statement the Middletown and Crawford, the Elmira State Line and the New York and
(Irocmvood Lake are included among leased lines, while in the mileage statement on page 440 they are shown
among the railroads a majority of whose stock is owned. This is done so as to show in one place the railroads
which will be sooner or later consolidated into the Erie, and in the other details of rentals for which the
company is liable. In the totals above the different classes of roads are separated.

History. — Organized Nov. 13, 1895, as successor to the New York, Lake Erie and We,st-
ern RR., whose property was sold under foreclosure on Nov. 6, 1895. A historical sketch
showing the development of the system was published in the MANUAL for 1897, p. 420 etseq.
It is intended to gradually absorb the separate corporations and have the absolute title to the
entire system vested ultimately in the Erie RR. Co. (See MANUAL for 1897, pp. 419 and 420.)

In Jan., 1898, persons acting in the interest of this company acquired a controlling share
in the capital stock of the New York, Susquehanna and Western RR. Co., and in March,
1898, the capital stock of this company was increased by an amount sufficient to pay for the
stock thus purchased and provide for further acquisitions (see p. 444).

GENERAL REMARKS.

Negotiations with the officials of Jersey City for the separation of the grades of the streets of that city
and the tracks of the company, so as to avoid all crossings at grade, werw concluded last winter (1896-97),
and a contract was executed by the two parties on April 28, 1897. This contract embraces, besides the elimi-
nation of all grade crossings between the east end of the Tunnel and the Hudson River, a distance of 1.25
miles, provisions for the construction of two or more additional tracks over or through Bergen Hill, above

412

POORS MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

and adjacent to the present two tracks in the tunnel, also lying within the boundaries of Jersey City,
the contract, this company is obliged to begin the work on or before Nov. 1 1897, and to flmsh the

Under

, same,

as far as the streets east of the tunnel are concerned, on or before Jan. 1, 1900. A company, called the
Pdihorn Creek KR Co., was organized to execute that part of the agreement relating to the work to be
done between the east end of the tunnel and Penhorn Creek, which latter is the western boundary of Jersey

lty The work of abolishing the grade crossings of certain streets, with the tracks of the Erie Railroad at
Buffalo, under contract with that city, was begun in May 1897.

Since the close of the year, a controlling interest in the Northern RR. Co. of New Jersey has been pur-
chased, thus placing under the direct control of the Erie RR. Co. all roads using its Jersey City terminal.
Rolling Stock, June 30, 1897.— Locomotives, 997. Cars as follows:

Passenger 50'

Baggage and Passenger 118

Baggage 80

Baggage and Mail 22

Postal 12

Express 83

Emigrant 26

Dining 6

Cafe.. 4

Milk 37

Business and Pay 9

Total Passenger Train Cars... 904

Box

Flat.

...18,134
1,678

Stock 1,020

Coal and Ore Side Dumps 145

Gondola 19,492

Refrigerator 400

Butter, Cheese and Produce. . . 1,033
Wagon, Furniture and Special. 52

Caboose .

Tool, Derrick and Steam Hoist. 74

Snow-plough 9

Steam Shovels 3

Scale Test 1

Pile-driver 2

Grain Transfer 2

Poling 3

Cinder . 19

Total Service Cars 582

Total Freight Train Cars. . . .41,954

Total number of cars, 43,440. Of the 42,536 freight and service cars, 24,139 are owned
and 18,397 are subject to car trusts. The aggregate capacity of the freight equipment is
955,131 tons. Of the 997 locomotives owned at the close of the fiscal year, 68.20 p. c. were in
good condition, 13.14 p. c. fair, 3.42 p. c. bad, and 15.24 p. c. in shop or held for repairs,
mo.-t of these last being light engines turned over by the receivers.

Floating Equipment. — In New York Harbor: 8 ferry-boats, 11 tugs, 2 steam barges, 3
steam hoists, 18 open barges, 13 covered barges, and 22 car floats. The fleet of the Union
Steamboat Co. operating on the Great Lakes, consists of 2 wooden and 6 steel steamers, the
combined carrying capacity of which is 21,500 tons.

Operations, years ending June 30, 1897, and 1896 (entire system):

1897

1896

1897

1896

Miles RR. Operated

2,124.94

8,068,248
14,264.296
366,316

2,098.11

8,198,971
15,942.392
274,801

Passenger Earnings

5,742,807 35
16,609,449 14
6,867,134 68
1,039,16034
1,238,47941

$

6,049,754 37
16,766,498 65
6,660,446 87
969,303 30
1,199,483 83

Train Mileage:
Passenger

Freight Earnings

Coal Earnings ....

Freight

Mail and Express

Work

Rents and Other

Total

Gross Earnings .

22,698,860
28,321,181

14,763.343

370,038,876

20,122.086
10,566,780
9,555,306
3,939,679.175
2.658,587.494
1,281,091,681

1.552C.
0.596 c.
0.625 c.
0.536 c.

24,416,164
30,542,489

15,333,568
385,074,051

21,785,922
11,641,128
10,144,794
4,009,162,138
2,683,186,295
1,325,975,843

1.571 c.
0.584 c.
0.625 c.
0.502 c.

31,497,03092

14,294,818 40
4,387,392 49
3,089,60851
1,560,423 18

31,645,487 02

14,633,307 26
4,476,119 69
3,314,922 48
1,295,05406

Engine Mileage

Passengers Carried

Maintenance Equipment
Roadway and Structures

Passenger Mileage

Freight (tons) Moved

23,332,242 58

8,164,78834
14,82257
10,98020
3,842 37
74.08 p. C.

23,719,403 49

7,926,083 53
15,082X3
11,30511
3,777 72
74.95 p. c.

General Freight

Coal

Freight (ton) Mileage

Gross Earnings per Mile
Gross Expenses per Mile

General Freight. .

Coal

Average Rate p. Pass. p. Mile.
Average Rate p. Ton p. Mile. .
Coal Rate

Expenses to Earnings.

General Freight Rate

NOTE.— The operations, earnings, etc., as shown in the preceding statement, cover the entire system
(excepting the New Jersey and New York RR. and the coal companies), including the Union Steamboat Line,
union Dry Dock, dining cars and restaurants. The earnings of the coal companies for the seven months
ending June 30, 1896, $134,312.17, and included in the item " Interest and Dividends Received " in the
income account following. The results of the operation of the coal companies for the year ending June 30,
1897, are not included in this statement, the accounts thereof not having been closed when these were made
up.

Income Account (Entire System), year ending June 30, 1897.

Gross Earnings $31.497,030 92

Expenses and Taxes 23,332,242 58

Net Earnings $8,164,788 34

Interest, on Securities:

Interest and Dividends Received 309,898 70

Interest and Discounts 3,61460

Total $8,478,301 64

Accrued Interest on Bonds $6,533,615 67

Accrued Rentals of Leased Lines 1,311,365 19

Accrued Interest on Equipment 261,100(2

Accrued Interest on Mortgages 20,201 89

Balance, to Credit of Profit and Loss 352,018 87

Total $8,478,301 64

POOR'S MANUAL — ERIE RR. CO. 443

General Balance Sheet, June 30, 1897.

Capital Stock, Common (shares, $100) $100,000,000 OC

Capital Stock, F'rst Preferred (shares, $100) 30,000,000 00

Capit il Stock, Second Preferred (shares, $100) 16,000,000 00— $146,000,000 00

Funded Debt (see detailed statement on page 446) 137,184,100 00

Redeemer! Bonds Held for Exchange 520,000 00

Construction Notes, Account N. Y.,L. E. &W. Coal and RR 109,00000

Mortgages on Real Estate 439,700 00

Equipment Trust Outstanding 5,870,954 89

Equipment Contract 307,250 00

Total Capital Funded Debt and Mortgage Debt $289,831,004 89

Interest and Rentals Accrued not Due 997,558 84

Taxes Accrued not Due (Estimated) 300,000 00

Contingent Special Tax 100,00000

Due to Subsidiary Companies 74,854 28

Reserve Funds— Maintenance 33,978 48

New York and Greenwood Lake Construction Accounts 148,087 21

Current Liabilities :

Interest and Rentals Due and Unpaid, including amounts due July 1, 1897 $1,531,587 78

June Pay-rolls (including Unclaimed Wages, $16,126.54) 1,198,015 85

Audited Vouchers and Accounts 1,559,734 74

Due Connecting Lines 279,664 71— 4,568,993 08

Profit and Loss :

Balance at Credit June 30, 1896 151,70943

Surplus Income, year ending June 30, 1897 352,01887— 503,72830

Total Liabilities $2)6,558,205 08

PER CONTBA.

Cost of Road and Equipment as Reorganized : Erie R-R. and Leased Lines $215,738,427 38

Securities Pledged under First Consolidated Mortgage Deed 63,555,000 00

Securities to be Pledged under First Consolidated Mortgage Deed 1,318,926 00

Securities Pledged under Chicago and Erie First Mortgage Deed 1,240,000 00— $281,852,353 32

Additions since Dec. 1, 1895, under Reorganization Plan— Construction 840,622 79

New Equipment 2,407,533 79— 3,248,156 51

Total $285,100,509 83

Construction Funds on Deposit with Financial Agents 1,092,576 53

New Equipment— Special Account 540,362 82

Miscellaneous Securities in Treasury— Held for Construction Purposes $2,315,955 22

Held for General Purposes 749,56429— 3,065,51951

Chicago and Western Indiana Sinking Fund 433,395 88

Materials and Supplies 995,870 69

Total Plant and Invested Assets $891,228,235 27

Special English Tax Deposit 100,000 00

Line Traffic Association and Agency Funds 34,406 00

Insurance Paid not Accrued 10,12752

Cash on Deposit for Unexpended Balance of Special Fund for N. Y. & G. L. Construction 148,087 21

Current A f gets :

Cash in Treasury and on Deposit $2,245,32494

Cash in Transit from Agents and Conductors 1,197,771 62

Due from Agents and Conductors 548,161 91

Due from United States Government 115,522 51

Due from Companies and Individuals 730,56810 — 5,037,34908

Total Property and Assets $296,558,205 08

Capital Stock. — The 1st preferred stock is entitled to 4 p. c. non-cumulative dividends,
payable out of net earnings before any payments can be made on either second preferred or
common stock. The 2d preferred stock is entitled to 4 p. c. non-cumulative dividends before
any payment can be made on common stock. All classes of stock (except 100 shares of
common) are deposited with J. P. Morgan, Louis Fitzgerald, and Sir Charles Tennant, as
voting trustees, to be held by them and their successors, jointly, for five years, and for such
further period as may elapse before the 1st preferred stock shall have received 4 p. c. cash
dividends in one year, although the voting trustees may, in their discretion, deliver the stock
at any earlier date. It is provided that no additional mtge. can be put upon the property,
nor the amount of either class of preferred stock be increased, without the consent of a
majority of the whole amount of each class of preferred stock and of such amount of common
stock as shall be represented at any meetings of stockholders which may be called for the
purpose of voting on these questions, the holders of each class of stock voting separately.
The company reserves the right to redeem at any time either or both classes of its preferred
stock at par in cash, if allowed by law.

444

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

In March, 1898, the capital stock was increased by 130,000 shares of 1st preferred stock
and 130,000 shares of common stock, and these shares were offered in exchange for the capi-
tal stock of the New York, Susquehanna and Western RR. Co. on the basis of nine-tenths
of a share of Erie first preferred stock for each share of New York, Susquehanna and West-
ern preferred stock and one share of Erie common stock for each share of New York, Sus-
quehanna and Western common stock, the deliveries to be made not later than June 1, 1898.

Securities pledged and to be pledged under the Is* Consol. Mtge. Deed, as shown in the
general balance sheet, amount to $64,873,926. These securities are shown in detail in the

following statement :

STOCKS.

Total
Amount.

Jefferson RR. Co. . . , . . 2,095,450

Buffalo, Bradford & Pitteb. RR. Co. 2,286,400

Bergen Couuty RR. Co 200,000

Newark & Hudson RR. Co 250,000

Middletown & Crawford RR. Co. . . 122,200
Paterson, Newark & N. Y. RR. Co. 250,000

Bergen <fc Dundee RR. Co 40,000

Long Dock Co 800,000

N. Y., L. E. & W. Docks & Imp. Co. 604,000

Buffalo Creek RR. Co 250,000

Chicago & Erie RR. Co 100,000

Pavoma Ferry Co 100,000

Hillside Coal and Iron Co 1,000,000

N. W. Mining & Exchange Co 500,000

Blossburg Coal Co 1,000,000

Tioga RR., preferred 189,700

Tioga RR., common 391,200

Elmira State Line RR. Co 90,200

Arnot & Pine Creek RR. Co 255,000

Conesus Lake RR. Co 18,750

Amount
Pledged.

2,095,450

2,189,900

200,000

250,000

8»,000
250,000

40,000
800,000
604,000
125,000
100,000
100,000
1,000,000
500,000
1,000,000
189,700
390,900

61,000
255,000

18,750

STOCKS.

Total Amount
Amount. Pledged.

Nypano RR 20,000,000 19,999,100

Miscellaneous 1,318,926

Total Stocks 31,567,726

BONDS.

Buffalo, Bradford & Pitteb. RR. . . . 580,000 185,000

Middletown & Crawford RR 66,000 57,200

Newark* Hudson RR 250,000 250,000

Paterson, Newark & N. Y. RR . . . . 500,000 499,000

N Y., L. E. & W. Docks & Imp. Co. 4,000,000 604,000

N Y , L. E. & W. Coal & RR. Co. 3,000,000 l,900,00«t

Susp. Bridsre & Erie Jc. RR 1,000,000 35,000

Chicago & Erie RR 10,000,000 9,776,000

Nypano RR 20,000,000 20,000,000

Total Bonds 39,396,000 33,306,200

Total Stocks and Bonds 64,873,926

Securities Pledged under Chicago and Erie 1st Mtge. Deed: Chicago and Western Indiana RR. stock
(10,000 shares), $1,000,000; Belt Ry. Co. of Chicago stock (2,400 shares), $240,000— total, $1,240,000.

Details of interest, rentals, etc., year ending June 30, 1897 :

N. Y. & E. 1st mtge. bonds, $2,482,000, at 7 p. c. for 10 mos. and 4 p. c. for 2 mos $161,330 00

N. Y. A E. 2d mtge. bonds, $2,149,000, at 5 p. c 107,450 00

N. Y. A E. 3d mtge. bonds, $4,617,000, at 4* p. c 207,76500

N. Y. & E. 4th mtge. bonds, $2,926,000, at 5 p. c 146,300 00

N. Y. A E. 5th mtge. bonds, $709,500, at 4 p. c 28,380 00

Buffalo Branch mtge. bonds, $182,600, at 4 p. c 7,304 00

E. Ry. Co. Istconsol. mtge. bonds, $16,891,000, at 7 p.c 1,182,37000

N. Y., L. E. & W. 1st consol. funded coup., $3,699,500, at 7 p. c 258,965 00

Newburgh&N. Y. RR. Co. bonds, $250,000, at 5 p. c 12,50000

E. RR. Co. prior lien bonds, $30,000,000 at 4 p. c 1,200,000 00

E. RR. Co. general lien bonds, $31,032,000 at 3 p. c ' 930,960 00

Buff. &S. W. RR. Co. 1st mtge. bonds, $1,500,000, at 6 p. c 90,00000

E. RR. Co., B. & S. W. Div. 2d Hen bonds, $1,000,000, at 5 p. c 50,000 00

Lockport & Buff. RR. Co. bonds, $140,000, at 7 p. c 9.800 00

Buff., N. Y. & E. RR. bonds, $2,380,000, at 7 p. c 166,600 00

Susp. Bridge & Erie June. RR. bonds, $965,000, at 7 p. c 67,550 00

Honesdale Branch bonds, $204,000, at 4j p. c 9,180 00

Honesdale Branch bonds, $96,000, at 6 p. c 5,76000

Jefferson Branch bonds, $2,800,000, at 5 p c ... 140,000 00

Benren County RR. bonds, $200,000, at 6 p. c . 12,000 00

N. Y., L. E. &W. D. &. I. Co. bonds, $3,396.000, at 6 p. c 203,76000

N. Y.,L. E. & W. C. & RR. Co.'s bonds, $1,100,000, at 6 p. c 66,00000

Long Dock Co.'s bonds, $7,500,000, at 6 p. c . . 450,000 00

Tioga RR. Co. 1st mtge. bonds, $239,500, at 5 p.c 11,97500

Tjoga RR. Co. Ext. Mtge. bonds, $265,000, at 7 p. c. . . 18,550 00

Tioga RR. Co. 3d rail bonds, $125,000 for 4 mos , at 7 p. c 2,91667

Elmira State Line RR. bonds, $160,000, at 7 p. c 11,200 00

N. Y., P. <fe O. prior lien bonds, $8,000,000, at 4| p. c 360,00000

Chic. & Erie 1st mtge. bonds, $12,000,000, at 5 p. c... 600,00000

Chic. & All. Ry. Term., bonds, $300,l'00, at 5 p. c 15,000 00— $6,533,615 67

Accrued Rentals : Union RR.. $3,500 ; Paterson & Ramapo RR *$26,500 ; Paterson & Hudson RR.,
$48,400 ; Montgomery & Erie RR, $16,000 ; Qoshen & Deckertown RR., $19,035 ; Hawley
Branch (Pa. Coal Cos. RR.) $50,000 ; Rochester & Genesee Valley RR., $34,012 ; Middletown
& Crawford RR., $10,500 ; Elmira State Line RR., $6,314 ; New Jersey Junction RR., $6,001 ;
Avon, Geneseo & Mt. Morris RR., $5,725; Sharon Ry., $37,101; Westerman RR., $4,000;
New Castle & Shenango Valley RR., $15,037.50 ; Cleveland & Mahoning Valley Ry., $525,280.49;
New York & Greenwood Lake Ry., $61,591.53 ; Chicago & Western Indiana RR., $198,097.86. . . 1,067,095 38

Proportions due leased lines worked on a percentage of earnings . . 244,26981

Accrued interest on Equipment : Car Trust of New York, $128,919.68 ; Northern RR. of N. J., $522.-

1 ; A. S. Hewitt, trustee, $450 ; Wyoming Car Trust, $750 ; Wickes' Refrigerator Car Co., $5,-

; London Equipment Trust of 1888, $24,570.88 : N. Y., Pa. & Ohio RR. Equipment Trust of

890. $48,545.30 ; Del. & Hudson Canal Co., exclusive Car Trust of 1896, $12,600 ; Pennsylvania

Coal Co., $31,507.40 ; Michigan Peninsular Car Co., $7,851.95 261,100 02

POOR'S MANUAL— ERIE RR. CO.

445

1. Statement showing the mileage of railroads owned, the amount of stock and debt out-
standing, the length of lines operated, and the passenger and freight traffic operations,
yearly since 1878 :

RR.
Owned.

Stock and
Bonds.

Aver.
RR. Op-
erated.

PASSENGER TRAFFIC.

FREIGHT TRAFFIC.

Passengers.

Movement.

Rate.

Tons.

Movement.

Rate.

Cts.
0.9^3
0.718
0.836
0.805
0.749
0.780
0.685
0.628
0.636
0.6H2
0.669
0.649
0.636
0.579
0.610
0.637
0.596
0.589
0.584
0.596

1878 .

M.

526
536
526
526
526
526
526
526
527
529
540
540
540
540
540
540
540
540
792
792

9

152,072,604
93,827,301
150,420,745
151,740,966
155,342,238
160,552,537
160,601,385
160,637,385
163,951,485
164,061,465
164,083,145
163,691,045
163,697,825
163,615,985
163,607,485
164,007,485
164,017,725
164,017,725
283,704,100
283,184,100

M.

928.09
928.09
952.49
979.73
1,029.03
1,295.89
1,601.89
1,601.89
1,609.43
1,609.83
1,612.54
1,632.05
1,637.79
1,696.59
1,698.63
1,700.75
1,700.73
1,700.03
2,098.11
2,124.94.

No.
4,896,327
4,894,527
5,491,431
6,744,158
6,783,195
6,934,724
6,734,045
7,209,054
7,727,051
8.398,404
10,122,24?
11,833,791
13,256,671
13,756,292
13,874,637
14,121,546
13,070,530
12,969,412
15,333,568
14,763,343

M.

140,326,749
149,115,718
180,460,204
200,483,790
225,130,883
247.147,117
235,105,058
250,635,115
256,137,487
254,840,459
289,201,722
313,531.726
335,828,080
867,600,602
365,063,104
388,438,194
348,103,452
323,331,487
385,074.051
370,028,876

Cts.
2.189
2.091
2.041
2.016
1.947
1.968
2.188
1.756
1.899
1.942
1.815
1.629
1.659
1.616
1.567
1.572
1.514
1.571
1.571
1.552

No.

6,150,468
8,212,641
8,715.892
11,066,823
11,895,238
13,610,623
16.219,598
14,959,970
18,668,239
19,865,749
21,312,859
21,585,818
24,127,160
24,911,699
26,071,151
34,130,136
21,215,209
20,307,802
21,785,922
30,122,086

M.

1,924,763,718
1,569,222,417
1.721,112,095
1,984,394,855
1,954,389,710
2,306,946,892
2,498,888,976
2,381,778,928
2,882,311,126
3,022,039,249
3,062.805,395
3.165.241,5:17
3,519,487,477
3,fr40,633.8!4
3,990,385,674
3,551,861,083
3,144,407,277
3,169,588,873
4,009,162,138
3,939,679,175

1879

1880

1881

1882

1883

1884

1885

1886

1887

1888

1889

1890

1891

1892

1893

1894

1895

18'.K>

1987

NOTE. — The coal and other supplies transported for company's use in 1897 amounted to 2,254,584 tons,
increasing the aggregate tonnage to 22,376,670.

2. Statement showing earning, expenses, net earnings, etc., yearly since 1878 :

GROSS TRAFFIC EARNINGS.

tin

AVERAGE PER MILK OF RR.

Yc&r

Expenses

Net
Traffic

Expen's
to

Pass-
enger.

Freight.

Other.

Total.

and
Taxes.

Earnings.

Grosi
Earnings.

Expenses
<fc Taxes.

Net
Earnings.

Earn'gs.

$

$

$

$

$

}

$

9

S

p. c.

1878.
1879. .
1880. .

3,070,121
3,118,944
3,682,951

11,914,490
12,233,481
14,391,115

660,367
589,598
619,043

15,644,978
15,942,023
18,693,109

10,635,864
11,174,699
11,643,925

5,009,114
4,767,324
7,049,183

16.709 36
17,17890
19,625 31

11,35946
12,041 70
12,224 59

5,34990
R, 137 20
7,40072

67.98
70.09
62.29

1S81

4,041.267

15,979,576

694,762

20,715,605 13,256,230

7,459,375

21,14420

13,530 50

7,613 70

63.99

1832. .

4,384,510

14,642,128

949.136

19,975,774

13,088,094

6,887,680

19,476 78

12,770 90

6,705 88

65.50

1883. .

4,632,229

17,213,621

2.089,129

23,934,979

15,444,583

8,490,396

18,396 38

11,91812

6,478 26

64.53

1884

5,146,090

17,123,521

1,258,803

23,528,474

16,358,078

7,170,396

14,687 95

10,211 74

4,476 21

69.52

1885

4,400,951

14,951,709

1,202,955

20,555,615

14,347,517

6,208,098

12,83209

8,956 62

3,875 47

69.79

1886. .
1887. .

4,480,890
5,195,841

18,347,487
20,150,744

1,283,225
1,221,274

24,471,602
26,567,859

16,388,638
17,390,673

8,082,964
9,177,186

15,276 70
16,503 52

10,230 81
10,802 81

5,045 89
5,700 71

66.97
66.26

1888. .
1889. .

5,247,853
5,301,378

20,502,732

20.552,260

1,467,405
1,550,768

27,217,990
27,004,406

18,003.469
17,854,425

9,214,521
9,149,981

16,87895 11,16466
16,546 20 10,939 26

5,714 29
5,60694

66.15
66.12

1890. .

5,569,508 ' 22,373,309

1,126,026

29,068.935

19,505,9511 9,562,984

17,811 32

11,951 81

5,859 51

67.10

1894. .
1892. .

5,940,112

5,721,332

22,859,640
24,332,052

1,290,948
1,208,400

30,090,700
31,261,784

20,243,936
21,466,783

9,846,764
9,795,001

17,735 98
18,404 12

11,93212
12,637 70

5,80386
5,76642

67.28
68.67

1893. .

6,107,799

22,619,496

1,265,865

29,993,100

20,147,778

9,845,382

17,635 25

11,84641

5,788 84

67.18

1894. .

5,269,236

18,741,724

1,193,469

25,204,429

17,921,309

7,283,120

14,819 77

10,537 42

4.28235

71.10

1895. .

5,081.307

19,009,238

1.702,291

25,792,836

18.810,712

6.982,124

15,131 28

11,03267

4,09861

72.98

1896. .

6,049,754

23,426.946

2,168,787

31,645,487

23,719,403

7,926,084

15,08283

11,30511

3,77772

74.95

1897. .

5,742,807

23,476,584

2,277,640

31,497,081

23,332,243

8,164,788

14,822 57

10,98020

3,84237

74.08

NOTE. — In the preceding statements the statistics previous to 1895 are for fiscal years ending Sept. 30;
in 1895, 189C and 1897 they are for the years ending June 30.

Earnings, etc., supplementary comparative statement for 9 months ending March 31,

1898 aud 1897.

1898 1897 INCREASE.

Gross Earnings $25,576,784 $23,454,789 $2,121,995

Workin" Expenses... 19,082,842 17,383,257 1,699,585

Net Earnings 6,493,942 6,071,532 422,410

Balance SJieet, March 31, 1898.— Assets : Cost of road, etc., $272,503,491; stocks and
bonds, $3,074,046 ; stocks and bonds held in trust, $819,926 ; supplies on hand, $1,022,312 ;
accrued interest, $39,559; due by agents, $1,581,627; open accounts, $1,177,182; cash on
hand, $1,228,248 ; traffic association deposits, $6,781 ; on deposit with financial agents for
construction account, $816,762 ; on deposit with financial agents for car trust requirements,

446

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

$111,977 ; bills receivable, $30,987 ; insurance paid, not accrued, $22,535 ; reserve fund,
$83,695— total, $282,509,131. Liabilities : Capital stock— common, $100,000,000 ; preferred,
$46,000,000 ; funded debt, $129,463,486 ; construction obligations, $99,000 ; interest on
funded, debt due and accrued, $1,269,461 ; accrued taxes not due, $242,995 ; due wages and
supplies, $2,758,816 ; open accounts, $249,202 ; real estate mortgages, $469,200 ; redeemed
bonds held for exchange, $660,000 ; rentals of leased lines accrued, $93,769 ; interest on
equipment acrued, $36,699 ; accrued interest on mortgages, $5,962 ; accrued rentals of build-
ings and piers, $12,709 ; subsidiary companies, $55,455 ; profit and loss surplus, $1,092,374
—total, $282,509,131.

Statement of funded debt, June 30, 1897 :

DATE OF

INTEREST.

Amount
Out-
standing.

Amount
Interest
Charge.

Issue.

Maturity.

Rate.

When
Payable.

Where Payable.

E.BE. Co. ($100,923,600):

p. c.

$

$

N. Y. & E. RR. IstMtge.

1897

May 1,1947

4 cy.

May & Nov.

2,482,000

99,280

N. Y. & E. RR. 2d Mtge.

1879

Sept. 1, 1919

5 gold

Mar. & Sept.

2,149,000

107,450

N. Y. & E. RR. Sd Mtge.
N. Y. & E. RR. 4th Mtge.

1883
1880

Mar. 1, 1923
Oct. 1, 1920

4} gold
5 gold

Mar. & Sept.
April & Oct.

New York

4,617,000
2,926,000

207,765
146,300

N. Y. & E. RR. 5th Mtge.
Buffalo Branch Mtge

1358
1861

June 1, 1928
July 1, 1931

4 gold
4 gold

June & Dec.
Jan. & July

OfflC6, •

21 Cortlandt St.

709,500
182,600

28,380
7,304

E. Ry. Co. 1st Con. Mtge.

1870

Sept. 1, 1920

7 gold

Mar. & Sept.

16,891,000

1,182,370

N.Y.,L.E.&W.l8tC.Mtg

1878

Sept. 1, 1930

7 gold

Mar. & Sept.

3.699,500

258,965

E.JRR. Prior Lien Bond.

1895

Jan. 1, 1996

4 gold

Jan. & July

N. Y. and London.

30,000,000

1,200,000

E. RR. Gen. Lien Bond. .

1895

Jan. 1, 1996

note

Jan. & July

31,032 000

930,960

Newb. &N. Y. IstMtge.

1868

Jan. 1, 1929

5 gold

Jan. & July

} (

250,000

12,500

Lockpt. & Buff. IstMtge.

1877

Oct. 1,1897

7 cy.

April & Oct.

New York

140,000

9,800

Buff., N.Y.&E. Bonds.

1876

June 1, 1916

7 cy.

June & Dec.

Office,

2,380,000

166,600

Susp. Br. & E. Jc. Bonds.

1870

July 1, 1900

7 cy.

Jan. & July

I 21 Cortlandt St.

965,000

. 67,550

Buff.&S.W.lst M.Bonds.

1877

July 1, 1908

6 gold

Jan. & July

J

1,500,000

90,000

E.RR.S. W. Div. 2d Lien.

1895

July 1, 1908

5 gold

Jan. & July

New York, N. Y.

1,000,000

50,000

Lea. Lines, ($33,960.500):

Long Dock Co., 1st Mtge.

1885

Oct. 1,1935

6 gold

April & Oct.

J. P. Mor.&Co.,N.Y.

7,500,000

450,000

Honesdale Br. Bonds

1867

July 1, 1927

4*cy.

Jan. & July

Fid. Tr. Co., Phila.

204,000

9,180

Honesdale Br. Bonds

1867

July 1, 1927

6 cy.

Jan. & July

Fid.Tr. Co., Phila.

96,000

5,760

Jeff. Branch RR. Bonds.

1889

Jan. 1, 1909

5 gold

April & Oct.

IX' n\v Vm»t

2,800,000

140,000

Bergen County RR. 1st M.

1881

Apr. 1, 1911 6 cy.

April & Oct.

1NCW loiiv
nffift* J

200,000

12,000

N.Y..L. E.&W.D. &I.
N.Y.L. E. &W.C.&RR.

1883
1882

July 1,19136 cy.
May 1, 1922 6 cy.

Jan. & July
May & Nov.

uince,
21 Cortlandt St. i

3,396,000
1,100,000

203,760
66,000

TiogaRR. 1st Mtge
TiogaRR. Ext.Mtse....

1852
1875

Nov. 1, 1915 5 gold
Oct. 1, 1905 7 cy.

May & Nov.
April & Oct.

New., S.& Co., Phila.
Canal Bk., Elm., N.Y.

239,500
265,000

11,975

18,550

Elm. St. Line RR. 1st M.

1875

Oct. 1, 1905

7 cy.

April & Oct.

Canal Bk., Elm., N.Y.

160,000

11,200

N. Y. P. & O. Prior Lien
C. & E.RR. ($12,300,000):

1880

Mar. 1, 1935

4J gold

Mar. & Sept.

] New York

8,000,000

360,000

C.&E.RR.let Mtge.Gold.
C. & A. Ry.Term Bonds.

1890
1888

May 1, 1892
July 1, 1918

5 gold
5 gold

May & Nov.
Jan. & July

>• Office, 4
j 21 Cortlandt St. 1

13,000,000
800,000

600,000
15,000

Total

137464,100

6,468,649

The $125,000 Tioga RR. Third Rail bonds matured Nov. 1, 1896, and were purchased by
the Erie RR. Co. These and the $395,000 Buffalo, Bradford and Pittsburgh bonds referred
to on page 429 of the MANUAL for 1897, are held in the treasury, and the company is entitled
to general lien bonds to an equal amount in accordance with the provisions of the 1st consol.
mtge. deed.

The 1st mtge. (N. Y. & E. RR.) bonds were originally 7 p. c. bonds, issued in 1847 by the New York
1 Erie RR. Co., and were extended for 30 years from their maturity in 1867. On May 1, 1897, they were
again extended, for 50 years, interest being reduced to 4 p. c. per annum and the holders required to pay a
premium of $25 per bond in cash.

The Zd mtge. bonds were issued March 1, 1849, and matured March 1, 1859. They were extended to
March 1, 1864, and re-extended to Sept. 1, 1879, and again to Sept. 1, 1919, the rate of interest being reduced
at the last extension from 7 p. c. to 5 p. c.

The 3d mtge. bonds were issued March 1, 1853, at 7 p. c., and matured March 1, 1883. They were ex-
tended to March 1, 1923, at 4i p. c.

The 4th mtge. bonds are issued Aug. 15, 1857 (at 7 p. c.), and matured Oct. 1, 1880. They were ex-
tended to Oct. 1, 1920, at 5 p. c. All bonds of the foregoing issues are in coup, form for $1,000 each.

The 5th mtge. bonds were originally issued at 7 p. c., dated June 1, 1858, matured June 1, 1888, and
*'er« extended for 40 years from the latter date at 4 p. c. interest. The authorized issue was $6,000,000, and
all but $709,500 were exchanged for 1st consol. mtge. bonds of the Old Erie Ry. Co. Of the bonds outstanding,
00 each, and the remaining 89 for $500 each. Trustees: James Brown and J. C. B. Davis.

I he linffalo Branch bonds, originally currency 7s, were issued July 1, 1861, and matured July 1, 1891,
when they were extended as 4 p. c. gold bonds to July 1, 1921.

1st, 2d, 3d, and 4th mtges. are secured in the order of their priority on the lines from Piermont to

irk' N: .y-' 447J"-; the 5th mtge. bonds are secured on the line from Newburgh to Greycourt, N. Y.,

m. ; while the Buffalo Branch bonds cover the line from Hornellsville to Attica, N. Y., 00.79 miles.

POOR'S MANUAL — ERIE RR. CO. 447

The Erie Ry. Co. 1st consol. mtge. bonds are for $1,000 or £200 each, In coupon form, with provision
for registration of principal.

The N. Y., L. E. & W. RR. Co. 1st consol. funded coup, bonds are for $500 and $1,000, in coupon form,
with provision for registration of principal. Trustee: Farmers' Loan and Trust Co., New York. The 1st
consols and the 1st consol. funded coup, bonds are secured on the line from Piennont to Dunkirk, 446.64 m.,
and branches to Greycourt and to Attica, in all, 526.29 m., subject, however, to prior mtges., as above; also
on various leasehold interest in 213.13 m of road, subject to prior mtges. aggregating $2,960,000.

The Erie RR. 1st consol. mtge. was executed in accordance with the plan of reorganization of Aug. 20,
1895. This mtge. was made under date of Dec. 10, 1895, to the Farmers' Loan and Trust Co., New York,
N. Y., trustee, to secure an issue of $175,000,000 bonds of the same date, maturing Jan. 1, 1996, principal and
interest payable in gold coin of the United States, of the present standard of weight and fineness. The bonds
are in coupon form for $1,000 each (with right of registration of principal), and in registered form for $500,
$1,000, $5,000, and $10,000. Interest is payable at the office or agency of the company in the city of New
York. These bonds are secured on the entire property of the company, now owned, or which may be
acquired hereafter, subject, however, to the liens of prior mtges., and are additionally secured by deposit in
trust of securities of subsidiary companies to the amount of $64,873,926, details of which are given on page 444.

The 1st consol. mtge. deed of the Erie RR. Co. is practically, either by mtge. or by collateral trust, a
first lien upon the company's principal coal properties, upon its water transportation lines, including valu-
able terminal properties appurtenant thereo, and upon a number of profitable local lines in New Jersey and
near Buffalo; a second lien (subject only to some of the divisional mtges. shown in the bond statement on
page 446) upon the remaining coal properties and upon the railroads leading to all the coal properties, upon
the terminals at Jersey City, upon the Buffalo, New York and Erie RR. _(the main line to Buffalo) and the
Buffalo terminal properties other than those upon which it is a first lien, and upon the entire line from
Salamanca to Chicago; and a consol. mtge. upon the lines of the original Erie Ry., between Piermont and-
Dunkirk.

Of the bonds secured by this mtge., $35,000,000 are prior liens bonds, bearing interest at the rate of 4 p. c.
per annum from Jan. 1, 1896, and $140,000,000 are gen. lien bonds, subordinate and subject in lien to the prior
lien bends, and bearing interest from July 1, 1896, at 3 p. c. for two years, and 4 p. c. thereafter.

Of the prior lien bonds, $30,000,000 have been issued for the purposes of the reorganization and to acquire
the Nypano RR. securities, and $5,000,000 are reserved for (1) enlargement and improvement of terminal
facilities, including elevation of tracks or other improvement of crossings at Jersey City, Buffalo, and else-
where; (2) additional wharf facilities at New York or Jersey City; (3) purchasing additional equipment; (4)
reducing grades and constructing double track.

Of the general lien bonds, $31,032,000 have been issued substantially all in exchange for reorganization
receipts for old 2d consol. mtge. bonds and funded coupon bonds of 1885, of the N. Y., L. E. & W. RR. Co.,
pursuant to the plan of reorganization ; $91,968,000 are reserved for existing liens on lines owned, leased or
controlled, and $17,000,000 are reserved for Taew construction, etc., to be issued at the rate of not over
$1,000,000 per annum. (See MANUAL for 1896.)

In addition to $5,000,000 prior lien bonds and $17,000,000 gen. lien bonds for construction requirements,
the reorganization plan has resulted in providing a fund for early construction requirements and improvements
of about $5,000,000. Of this fund the company lias expended $153,909.30 for construction, $686,500 for $1,000 box
cars, $396,726 for stock of the New Jersey and New York RR. Co., holds in cash $1,823,129.34, and the Reor-
ganization Committee holds about $2,000,000 in assets (including the entire issue of D. •& H. Car Trust of
1896 certificates) available for the purposes of the fund when and as needed.

The Ncwburgh and New York bonds are secured by a 1st mtge. on the line from Arden June, to Vail's
Gate June., N. Y., 12.64 miles. They were originally issued in 1868 as currency 7s, but matured Jan. 1, 1889,
and were extended as gold 5s to Jan. 1, 1929. They are $1,000 coup, bonds, with provision for registration.

The Lockport and Buffalo bonds are secured by a 1st mtge. on the line from Lockport to Tonawanda,
N. Y., 15.12 miles.

The Buffalo, New York and Erie bonds are secured by a 1st mtge. on the line from Painted Post, near
Corning, to Buffalo, N. Y., 140.25 miles. They are $1,000 coup, bonds, with provision for registration.

The Suspension Bridge and Erie Junction bonds are secured by a 1st mtge. on the line from East
Buffalo to Suspension Bridge, N. Y., 24.01 miles. They are $1,000 coup, bonds, with provision for registration.

The Buffalo and Southwestern 1st mtge. bonds are secured on the line from Buffalo Creek RR. June.,
Buffalo, to Jamestown, N. Y., 66.36 miles. The Buffalo and Southwestern was a reorganization, Dec. 11,
1877, of the Buffalo and Jamestown RR. Co. The road was leased Aug. 10, 1881, to the N. Y., L. E. & W.
RR. Co., at a rental equal to 35 p. c. of gross earnings, guaranteed to equal the interest on the bonds. On
Nov. 19, 1895, the road was absorbed by the Erie RR. and these 1st mtge. bonds assumed. The bonds are in
coup, form, with provision for registration; principal and interest payable in gold at the First National Bank,
New York. They are numbered consecutively from 1 to 1,723: Nos. 1 to 1,433 being $1,000 each; Nos. 1,434
to 1,533, $500 each; Nos. 1,534 to 1,683, $100 each, and 1,684 to 1,723, $50 each.

The Buffalo and Southwestern Division 2d lien bonds were issued by the Erie RR. Co. in the purchase
of the Buffalo and Southwestern RR. and are secured by a 2d mtge. on that line. They are $1,000 gold coup,
bonds, with provision for registration.

The Long Dock Co. consol. (now 1st) mtge. bonds cover the Bergen Tunnel, 577 acres of land, and
land under water, docks, terminals, etc., of an assessed value in 1896 of $7,224,189. They are redeemable at
any time at 110, but only from proceeds of sale of land not necessary for company's use. No land ever has
been sold. Trustees: Anthony J. Thomas and Chas. E. Tracy, New York, N. Y.

The Honesdale Branch 4J p. c. bonds are secured by a 1st mtge. and the 6 p. c. bonds by a 2d mtge.
on the Honesdale Branch of the Jefferson RR., from Hawley to Honesdale, Pa., 8.18 miles. They were orig-
inally 7 p. c. bonds and fell due respectively on July 1, 1887, and Jan. 1, 1889, both being extended to July 1,
1927, the firsts as 4J p. c. bonds and the seconds as 6 p. c. bonds. They are $1,000, $500, $250 and $100 coup,
bonds.

The Jefferson Branch bonds are secured by a 1st mtge. on the Carbondale Branch of the Jefferson RR.,
from Lanesboro' to Carbon, Pa., 36.51 miles. They were issued to take up $2,000,000 7 p. c. currency bonds,
which matured Jan. 1, 1889, and to provide for completing the 2d tracking of the line. They are $1,000 gold
coupon bonds, with provision for registration; principal and interest guaranteed by the Erie RR. Co., and
payable at the office of the trustee, Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa.

The Bergen County bonds are secured by a 1st mtge. on the line from Rutherford Junction to Ridge-
wood Junction, N. J., 9.82 miles

The 2V. Y., L. E. & W. Docks d Imp. Co. bonds are secured by a 1st mtge. on the entire property of
that company, consisting of 94.17 acres of land and land under water, having a shore front of 2,558 feet,
situated at Weehawken, N. J., together with grants and leases from the State of New Jersey of all riparian
rights in front of the property. Along the entire front of this property there is a depth of 25 feet of water,
and upon it there are built eight piers varying in length from 700 to 1,000 feet and from 40 to 100 feet in
width; also five 2-story warehouses, averaging 700 by 97 feet, a coal trestle 1,000 feet long, a cold storage
warehouse about 200 feet square, and the necessary" shops, boiler and engine houses. These structures are
kept insured for 80 p. c. of their value. Over 20 miles of railroad track are laid upon the property. This

448

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

which $604 000 (Nos. 1,001 to 1,604 inclusive) are pledged under the 1st consol. mtge. of the Erie RR. Co.
The bonds 'are for $1,000 each, in coup, form, with provision for registration. Interest payable and bonds

lands to the full amount. They are guaranteed, principal and interest, by the Erie RR. Co., and the guaran-
tee is endorsed upon the face of each bond.

Tfce Tioga RR. 1st mtge. lands were issued originally as 7 p. c. currency bonds, but matured Nov. 1,
1872, and were extended as 5 p. c. gold bonds. They are $500 and $1,000 bonds and are secured on the line
from Morris Run to Lawrenceville, Pa., 30.6 miles. The Extension bonds are secured on the line from
Lawrenceville to the New York State Line, 12.23 miles. They are $1,000 coupon bonds. Interest on 1st mtge.
bonds is payable at office of Newbold's Sons & Co., Philadelphia; on Tioga Extension bonds, at Canal Bamk,
Elmira, N. Y.

The Elmira State Line bonds are secured on the line from State Line June., N. Y., to Penn. State Line,
6.51 miles. They are $1,000 coup, bonds, interest payable at the Canal Bank, Elmira, N. Y.

The N. Y., Pa. d 0. prior U(n bonds are secured by 1st mtge. on the entire property and franchises
of the Nypano RR. Co. (see page 450). They were issued under date of May 5, 1880, as 6 p. c. currency
bonds, but matured March 1, 1895, and were extended as 4J p. c. gold bonds. The bonds are in coup, farm,
for $1,000 or £200, and $&BO or £100 each; interest payable at the Farmers' Loan and Trust Co., New York,
or at the London Agency, 24-26 Basinghall St., E. C.

The Chicago and Erie bonds are secured by 1st mtge. on the line from Marion June., O., to the 111.
State Line near Hammond, Ind., 249:57 m., and the franchises, equipment, and all property appertaining
thereto, and they also cover the contract with the Chicago and Western Indiana, together with 10,000 shares
of stock of that company, and 2,400 shares of the Belt Ry. Co. of Chicago, owned by the Chicago and Erie
Ry. Co. They are $1,000 gold coup, bonds, with provision for registration of principal. Trustees: Central
Trust Co. of New York and Edward Daniels, of Indianapolis.

The Chicago and Atlantic Terminal bonds are secured by mtge. upon certain station, shop and other
lands, and the building thereon, located in twelve of the fifteen counties through which the road runs. They
are $1,000 coup, bonds. Trustee of mtge.: Central Trust Co. of New York.

All of the bonds described above are included in the statement of funded debt of the Erie RR. Co.,
having been issued or assumed by that company, and all of them but the $30,000,000 prior lien bonds and
$31,032,000 gen. lien bonds issued under the 1st consol. mtge. of 1896 and the $1,000,000 E. RR. Co. South-
western Div. 2d lien bonds, which will continue as a separate lien on that line, will be replaced by equal
amounts of gen. lien bonds reserved for that purpose, as will also the bonda described in the following table
and notes:

DATE oy

INTEREST.

Amount

Issue.

' Maturity.

Rate.

Payable.

Where Payable.

standing.

p. c.

9

Blossburg Coal Co. laj Mtge. Bonds

1893

Nov. 1, 1915

1 5

J. & J.

21 Cortlandt St.. N. T.

400,000

Mont°r'y<fcErieRR.l8tMg.Bds.(ext.in'86)
Montg'y & Erie RR. 2d Mg.Bds.(ext.in '87)
Goshen & Deckertown RR. 1st Mtg. Bds.
Goshen & Deckertown RR. 2d Mtg. Bds.

1866
1867
1888
1889

May 1,1926
Oct. 1, 1927
July 1, 1928
Nov. 1, 1929

5
5
6
6

M. &N.
A. &0.
J. &J.
M. &N.

Goshen, N. Y., Nat. Bk.
1 National Bank of (
V Orange Co. . Gosh- <
) en, N. Y. |

130,000
40,500
186,500
60,000

Middletown & Crawford RR. IstMtg.Bds

1891

Apr. 1, 1921

4i

A. &O.

21 Cortlandt St., N. Y.

8,800

Clev. & Mahoning Vy. Ry. 1st Con. Mtge..

1888

Jan. 1, 1938

5g.

J. &J.

Win., Lan. & Co., N. Y.

3,000,000

Sharon Ry. 1st Mtge

1889

June 1, 1919

41 S

J & D

F L. & T. Co., N. Y.

164,000

New Castle & Shenango Vy. 1st Mtge. , . ,

1887

July 1, 1917

6g.

J. &J.

V. L. & T. Co., N. Y.

250,000

•.*. J Blo*s1>urg Coal Co. bonds are secured on property situated at and near Blossburg, Pa. They were
i*ued as an extension at 5 p. c. of the old 7 p. c. bonds which injured Jan. 1, 1893. The capital stock of
e company, $1,000,000, is all owned by the Erie RR. Co. and is deposited under that company's 1st consol.
he Montgomery and Erie bonds were originally 7s and matured, the lets May 1, 1886, and the 2ds
Jet. 1, 1887, bub they were extended for 40 years and the interest rate reduced to 5 p. c..

The Middletown

, .~ • -Tv • *w j*»*« i»uu nic uii/cicai i*ie leuuvcu tu

and Crawford bonds were also 7s originally; they matured April 1, 1891, and were extended as 4i p. c.

[ids. The total amount of these bonds is $66,000, of which $57,200 are owned by the Erie RR. Co. and

.if . "nder the lst consol. mtge. The Cleveland and Mahoning Valley bonds are described on page 452.

The bonds of the Sharon Ry. and of the New Castle and Shenango Valley RR. are for $1,000 each. Trustee

)f mtge. : Farmers' Loan and Trust Co. of New York.

Equipment Trusts.— Of the equipment trusts assumed by the Erie RR. Co. from the
N.Y., L. E. & W. RR. Co. there was a balance on June 30, 1896, of $2,983,178.24, upon which
payments have been made to June 30, 1897, of $578,088.24. leaving a balance on that date of
$2,405,090. Of the trusts assumed from the N. Y., Pa. & O. RR. Co., there was a balance on
June 30, 1896, of $1,789,505.51, upon which payments have been made to June 30, 1897, of

POORS MANUAL — ERIE SYSTEM.

449

$93,640.62, leaving a balance on that date of $1,695,864.89. Total of both trusts, June 30,
1897, $4,100,954.89. Of the equipment trusts created by the Erie RR. Co., amounting to
$1,260,000, there has been paid during the year $90,000, leaving a balance of $1,170,000.
Total equipment trusts as of June 30, 1897, $5,270,954.89. Following is a detailed statement
of these outstanding equipment trusts :

NAME OF TBUST.

EQUIPMENT COVERED.

Date
of

Issue.

INTEBEST.

Original
Amount.

Out-
standing,
June 30,
1897.

<u

a

M

Payable.

Car Trust of New York :
Series "C "

f 15 consol. and 20 st'nd'd pass. "1
i locom. ; 2,500 box fr'ght, 300 i
| box grain, and 200 h. b. coal |
(^ cars j

Apr., 1880

Aug., 1881

Aug., 1881
Nov., 1882

Jan., 1883

Dec., 1887
Aug., 1892

May 1, 1888

June 1, 1890

April, 1896
May, 18%

p.c.
6

6

6
5

5

6
6

5

5

5
4

M. & S.

F. & A.

F. & A.
M. & N.

J. &J.

J. & J:
F. &A.

M. & N.

J. &D.

J. & J.
A. &O.

8
1,934,000

1,131,000

508,000
1,275,000

3,143,000

49,000
331,200

£240,000

£250,000

630,000
630,000

$
267,06000

268,29000

117,720 00
496,25000

1,186,370 00

,5,00000
64,40000

776,273 51

919,591 38

630,00000
540,00000

Series "D"

1 10 consolid. locom. ; 100 butter j
-< and cheese, and 1,789 h. b. >
( coal cars )

Series " E "

1,000 hopper bottom coal cars
(25 consolid. locom.; 850 h. b. \
\ coal, 700 box and 200 flat cars)
f 1 ,000 d. b. gondolas, 2,000 h. b. 1
1 coal, 1,300 box, 300 flat, 350 !
} butter and cheese, 500 stock, [
t. and 20 passenger cars J

Series "F"

Series " G "

N. Y., & G. L. Ry

10 passenger coaches
400 refrigerator cars
1 22 locom. : SOOg'dola, 200 box, )
•< 300 stock ana 15 cab'se care; V
| 7 hoist'g plants on ore docks )
f 10 locom.; 1,675 gondola, 40 1
| ore and 17 box cars )

Wickes Refrigerator Car Co. . .
London Equipment of 1888

N. Y. P. & O. Equip, of 1890. .
Penna. Coal Co. forEquip'm't.
D.& H.Excl'ive Car T'st of 1896

1,000 tw'n h. b. coal cars

1,000 twin h. b. coal cars

Car Trust of New fork.— Principal payable — Series " C," $48,350 each Jan. and July; Series " I>,"
$28,275 each Jan. and July; Series " E," $12,700 each Jan. and July; Series " F," $35,875 each Jan. and July;
Series " G," $78,575 each Jan. and July.

New York and Greenwood Lake Ry.— Last payment, $5,000, due Jan. 1, 1898.

Wickes Refrigerator Car Co. — $4,600 stated bonds are paid each month until all are redeemed.

London Equipment of 1888.— £1,666 13s. 4d. is paid monthly, or £20,000 per annum. This amount is
applied to the payment of principal and interest at the rate of 5 p. c. interest on the outstanding certificates;
the balance, less expenses not to exceed £800 per annum, being applied to redemption of certificates by
drawing. It is estimated that all certificates will be redeemed on or before May, 1909.

N. T., Pa. & O. Equipment Trust of 1890. — £1,750 is paid monthly, or £21,000 per annum. This
amount is applied to the payment of principal and interest at the rate of 5 p. c. interest on the outstanding
certificates; the balance, less expenses not to exceed $1,000 per annum, being applied to redemption of cer-
tificates by drawings. It is estimated that all certificates will be redeemed on or before June 1, 1910.

Penna. Coal Go. for Equipment.— Principal payable $90,000 on Jan. 1 of each year until all paid.

Del. & Hudson Exclusive Car Trust of 1896. —Principal payable $90,000 on April 1 of each year until
all paid.

RAILROADS WHOSE ENTIRE CAPITAL STOCK, is OWNED BY THE ERIE RR. Co.

Arlington RR.— Newark June, to New York
and Greenwood Lake June., N. J., 1.16 miles. Gauge,
4 ft. 8i in. Rail, — IDS. Owned and operated by the
Erie RR. Co. Capital stock, $4,000; unfunded debt,
$16,842— total, representing cost of road, $20,842.
E. B. Thomas, Pres. ; G. M. Cumming, Vice-Pres.;
A. R. Macdonough, Sec. ; Edward White, Treas.
General Office, 21 Cortlandt St., New York, N. Y.

A runt and Pine Creek RR. — Arnot June, to
Hoytville, Pa., 11.83 in. ; total track, 17.27 miles.
Rail, 56 Ibs. Chartered Jan. 12, 1881; road opened
July 1, 1882. Leased for 99 years to the Tloga RR.
Co. at a rental equal to 5 p. c. on cost. The entire
capital stock is owned by the Erie RR. Co. Capital
stock, $255,000; current liabilities, $3,351— total,
representing cost of road, $258,351. J. Lowber Welsh,
Pres., Philadelphia, Pa.; A. R. Macdonough, Sec.;
Edward White, Treaa., New York, N. Y. General
Office, 21 Cortlandt St., New York, N. Y. Corporate
Office, Blogsbure, Pa.

Bergen and Dniidee RR.— Garfield, N. J., to
Passaic, N. J., 2.45 miles. Rail (steel), — Ibs. Form-
erly leased, now owned, by the Erie RR. Co. Capital
stock (auth., $40,000), $6,000. Cost of road, $6,971.
C. R. Fitch, Pres., Paterson, N. J.; E. B. Thomas,
Vice-Pres.; Edward White, Treas., New York, N. Y.;
A. R. Maedonough, Sec., New York, N. Y, General
Office, 21 Cortlandt St., New York, N. Y.

29

Bergen County RR.— Rutherford, N. J., to
Ridgewood, N. J., 9.82 m. ; total track, 27.20 miles.
Rail (steel), 76 Ibs. Organized Sept. 9, 1880; opened
Oct. 1, 1881. Formerly leased, now owned, by the
Erie RR. Co. Capital stock, $200,000; 6 p. c. bonds,
authorized, $2,000,000; Issued, $200,000. Cost of road,
$613,216. E. B. Thomas, Pres.; W. F. Merrill, Vice-
Pres.; A. R. Macdonough, Sec.; Edward White,
Treas., New York, N. Y. General Office, 21 Cortlandt
St., New York, N. Y.

Chicago and Brie RR.— Marlon June., O., to
Ind.-Ill. State Line, near Hammond, Ind., 249.57 m.;
sidings, etc., 98.33 miles. Gauge, 4 ft. 8i in. Rail
(steel), 80 Ibs. Reorganization of the Chicago and
Atlantic Ry. Co., whose property was sold under
foreclosure on Aug. 12, 1890. (See Manuals for 1891
and 1895.) Under the plan of reorganization of the
Erie this property became practically merged in the
Erie System. The $10,000,000 income bonds were
taken up by the reorganization committee with an
equal amount of Erie RR. 2d preferred stock and
$9,776.000 of them were then deposited under the
Erie RR. Cos. 1st consol. mtge. The Erie RR. Co.
assumed this company's bonds, and an equal amount
of 1st consol. gen. lien bonds is reserved for their
retirement at maturity. Capital stock (par, $100).
$100.000; funded debt outstanding (for particulars
see page 446), $12,300.000. All accounts are included

450

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

IQ those of the Erie RR. Co. and in time the company
will be actually consolidated into that system. J.
G. McCullough, Pros.; E. B. Thomas, 1st Vice-Pres. ;
Edward White, Treas. ; David Bosman, Sec. General
Office, 21 Cortlandt St., New York, N. Y.

4'oiiesiiH Lake Ry.— Conesus Lake June, to
Lakeville, N. Y., 1.61 m.; total track, 1.88 miles.
Rail, CO and 62 Ibs. Chartered May 10, 1882; opened
Aug. S, 1882. Purchased by the Erie Co. on July 22,
1886. Capital stock (par, $50), $18,750; advances for
betterments, $9,144— total, $27,894. Contra: Cost of
road, etc., $27,028; pront and loss, $866— total, $27,-
894. E. B. Thomas, Pres.; E. White, Treas. ; A. B.
Macdouough, Sec., New York, N. Y. General Office,
21 Cortlandt St.. New York, N. Y.

Erie and Ulack flock RR.— Black Rock
June, to Black Rock, N. Y., 1.14 m. ; total track, 3.41
miles. Chartered March 28, 1882; opened in 1884.
Owned by the Erie RR. Co. Capital stock ($25,000
auth.), $960; advances by N. Y., L. E. & W. KB. Co.,
$37,610— total, $38,570, representing cost, etc. E. B.
Thomas, Pres.; G. M. Camming, Vice-Pres.; A. R.
Macdonough, Sec.; Edward White, Treas., New York,
N. Y. General Office, 21 Cortlandt Street, New York,
N. Y.

Jefferson RR. — Lanesboro* to Carbondale, Pa.,
36.51 m.; Honesdale Branch, Hawley to Honesdale,
Pa., 8.18 m.— total, 44.60 m.; 2d track, 38.21 m.;
total track, 98.69 miles. Gauge, 4 ft. 8J in. Char-
tered Feb. 15, 1864; opened in 1872. Leased in per-
petuity Ja«. 1, 1869, to the Erie Ry. Co.; ownership
of entire capital stock acquired by the Erie RR. Co.
and bonds assumed. Capital stock, $2,095,450;
funded debt (for particulars, see page 446), $3,100,000.
J. L. Welsh, Pres., Philadelphia, Pa.; E. B. Thomas,
Vice-Pros.: A. R. Macdonough, Sec.; E. White,
Treas., New York, N. Y. Corporate Office, Scranton,
Pa.

Long- Dock Co.— Chartered In New Jersey, Feb.
26, 18JH3, with power to hold and improve land, and
lands under water, and to build docks, piers, rail-
roads, and other structures thereon. The assets of the
company consist of 577 acres of land, and land unfler
water, improved with buildings, piers, docks, and
railroad tracks, of a total value, calculated on the
assessment for taxation in 1891, of about $13,000,000.
Capital stock, $800,000, all held by the Erie RR. Co.
and deposited under that company's 1st consol. mtge.
Funded debt (for particulars see page 446) $7 500 -
000. E. B. Thomas, Pres.; F. B. Jennings, Vice-
Pres.; E. White, Treas.; A. R. Macdonough, Sec
New York, N. Y. Office, 21 Cortlandt St., New York,

Moosle Mountain and Carbojidale RR.

— Winton to Marshwood, Pa., 4.21 m. ; total track
4.95 miles. No further information. W. A May
Pres., Scranton, Pa.; A. R. Macdonough, Sec.; E.
White, Treas., New York, N. Y. Corporate Office
Scranton, Pa.

Newark and Hudson RR.— Bergen June to
Newark, N. J., 5.62 m. ; 2d track, 4.52 m ; total
track, 12.44 miles. Chartered March 17, 1870; opened
in 1871. Capital stock, $250,000; funded debt $250 -
000 1st mtge. 7s of 1901— total, $500,000. Cost o'f
road, etc., $545,637. All stock and bonds owned by
the Erie RR. Co., and deposited under that com-
pany's 1st consol. mtge. C. R. Fitch Pres
Newark, N. J., E. B. Thomas, Vice-Pres.; Edward
White, Treas.; A. R. Macdonough, Sec,, New York

N. Y. General Office, 21 Cortlandt Street, New York,
N. Y.

New York. Lake Erie and Western
Coal and RR. Co.— Main Line: Crawford June.,
Pa., to Johnsburgh, Pa., 29.92 m. ; Branches, Alton
to Riderville, Pa., 1.13 m. ; Brockwayville to Dagus
Mines, 12 m.; Mead Run Branch, 2.10 m.; Dagus
Branch, 5.5 m.— total, 50.65 m.; 2d track, 21.31 m.;
total track, 107.11 miles. Gauge, 4 ft. 8J in. Rail
(steel, — m), 60 and 63 IDS. Chartered Jan. 28,
1881 ; opened in 1882. In Aug., 1890, the Erie agreed
to guarantee the principal and Interest of this com-
pany's bonds, and at the same time leased the road
till July 1, 1925. The Erie RR. Co. acquired the en-
tire capital stock and assumed the bonds. Capital
stock (par, $100), $500,000; funded debt (for partic-
ulars, see page 446), $3,000,000— total, $3,500,000.
Contra: Cost of road, etc., $2,230,189; Bobert's Lot-
spur, $6,239; Brockport and Shawmut BB., $21,195;
land owned, $509,390; Hazelton Branch, $580; N. Y.',
L. E. & W. RB. Co., receivers, $359,558; North-
western Mining and Exchange Company, $203,994;
Erie RR. Co., $447; profit and loss, $168,408— total,
$3,500,000. J. Lowber Welsh, Pres., Philadelphia.
Pa.; E. B. Thomas, Vice-Pres.; Edward White,
Treas., A. R. Macdonough, Sec., New York, N. Y.
Principal Office, Bradford, Pa.

New York, Lake Erie and Western
Docks and Improvement Co.— Organized
June 28, 1881, under the laws of the State of New
Jersey, for the purpose of buying, reclaiming, and Im-
proving lands and lands under water In Hudson
County. The company leased its property to the N.
Y., L. E. & W. RR. Co. from Feb. 8, 1890, during
the charter life of both corporations. Capital stock
(par, $100), $604,000, all owned by the Erie BR. Co.
and deposited under that company's 1st consol.
mtge. Funded debt (for particulars, see page 446),
$4,000,000. (See Manual for 1896.) E. B. Thqmas,
Pres.; Frederic B. Jennings, Vice-Pres.; A. B. Mac-
donough, Sec.; Edward White, Trees., New York,
N. Y. General Office, 21 Cortlandt St., New York,
N. Y.

Nypano RR.- -Salamanca, N. Y., to Dayton, O.,
388.04 m.; branches— Buchanan June, to Oil City,
Pa., 33.78 m.; Silver Creek June, O., to Coal Mines,
incl. both North and South Branches, 7.77 m.; Akron
Branch, Cereal Mill track, 1.07 m.— total, 430.66 m. ;
total track (steel, 656.40 m.), 604.48 miles. (See
Manual for 1895, p. 590.) Organized March 16, 1896,
as successor to the N. Y., Pa. & O. BR. Co. (See
Manual for 1897, p. 432.) The $20,000,000 of stoclr
and $20,000,000 of bonds of this company are all
owned by the Erie RR. Co., and are pledged under
that company's consolidated mortgage deed. E. B.
Thomas, Pres., New York, N. Y.; S. E. Williamson
Vice-Pres.; John H. Dynes, Sec., Cleveland, O. Cor-
porate Office, Cleveland, O.

Paterson, Newark and New York RR.—
Paterson to Newark, N. J., 11.33 m.; 2d track 0.60
m.; total track, 21.64 miles. Chartered April 7,
1864; opened in 1868, and leased to the Erie Ry. Co.
Capital stock, $250,000; funded debt, 7 p. c. 1st mtge.
bonds, $500,000. Cost of road, $1,560,302. The entire
capital stock" is owned by the Erie RR. Co. and
deposited, together with $499,000 of the bonds, under
the company's 1st consol. mtge. E. B. Thomas,
Pres.; C. B. Fitch, Vice-Pres.; A. R. Macdonough,
Sec.; Edward White, Treas., New York, N. Y. Gen-
eral Office, 21 Cortlandt St., New York, N. Y.

RAILROADS A MAJOKITY OF WHOSE STOCK is OWNED BY THE EKIE RR. Co.

Buffalo, Bradford and Pittsburgh RR.

-Carrollton N. Y., to Gilesville, Pa., 26.17 m.;
West Branch, Bradford, Pa., to terminus, 10 84 in :
\°^ tr.aok' 43'n mlles- Consolidation, March 22
1859 of the Buffalo & Pittsb. and the Buffalo &
Bradf . RR. Cos. ; opened Jan. 5, 1856, and leased for
499 years; rental, $40,600. The only dividends paid
by this company were $1.00 a share, March 26 1880
and 62 cents a share, Oct. 9, 1885, both payable in
lTnn i',Tu ,S2,alti?8 on °u- Financial Statement,
June 30, 1897.— Capital stock. $2,286,400; funded
L'bt, 1st mtge. 7 p. c. 31-yr. bonds, due Jan. 1, 1896,
S24/o™ *!"; Td July> $58°.°°0; advances by lessee
™ '£ >? nn ? V, rePresenting cost, etc., $3.110,630.
*l£ nnne ?R« C°K °^ns »2.189,900 of the stock and
>,000 of the bonds, both of which holdings are
deposited under the Erie RR. Co.'s 1st consol mtge
J Lowber -Uelsh, Pres., Philadelphia, Pa; E B
TJ1h°.tmSVrV1Ce'I>i;?s-: A' R- Macdonough, Sec.' E
Rr«u' ,Treas. New York, N. Y. Corporate Office
York N ' Y a> General Offlce' 21 Cortlandt St., New

Kl m Ira State Line RR.— Northern Central
June., N. Y., to State Line of Pennsylvania, 6.51 m.;
sidings, etc., 1.46 miles. Rail (steel, 6.5 m.), 50 to
63 Ibs. Chartered April 21, 1872; opened NOT. 17,
1876. Supplies the northern outlet of the Blossburg
coal region. Leased to the Erie RR. Co. at an annual
rental of $6.314. Capital stock, $90.200; funded debt
(for particulars, see page 446), $160,000. The Erie
RR. Co. owns $61,000 of the stock, which is depos-
ited under the Erie RR. Co.'s 1st consol. mtge.
The bonds are assumed by the Erie and the prop-
erty will in time be absorbed into that system.
E. B. Thomas, Pres.; G. M. Gumming, Vice-Pres.;
A. R. Macdonough, Sec.; Edward White, Treas.
General Office, 21 Cortlandt St., New York, N. Y.

Middletown and Crawford RR.— Craw-
ford June, to Pine Bush, 10.22 m.; total track, 10.85
miles. Rail (steel, 10.22 m.), 56 to 66 Ibs. From
Crawford June, to Middletown, 3.25 m., the tracks
of the N. Y., O. & .W. RR. are used. Organized Aug.
3, 1868; opened June 7, 1872. Leased to the Erie
from Jan. 1, 1882, at an annual rental of $10,500,

POOR'S MANUAL — ERIE SYSTEM;

451

being Interest on bonds and dividends on stock. The
lessee owns $80,000 stock and $57,200 bonds of this
company, both of which holdings are deposited under
the Erie RK. Co.'s 1st consol. mtge. Capital stock,
$122,200; funded debt (for particulars, see page 448),
$66,000; current liabilities, $2,088; profit and loss,
$13,804— total, $204,092. Cost of road, $193,354; cur-
rent assets, $10,738— total, $204,092. E. B. Thomas,
Pres., New York, N. Y. ; G. M. Cumming, Vice-
Pres.; A. R. Macdonongh, Sec.; E. White, Treas.,
New York, N. Y. Corporate Office, 21 Cortlandt St.,
New York, N. Y.

Northern RR. of New Jersey.— Bergen
June., N. J., to Sparkill, N. Y., 21.54 m.; Nyack and
Northern RR. (leased), 4.51 m.— total, 26.05 m. ; 2d
track, 21.54 m.; sidings (owned 5.06 m.; leased, 1.27
m.), 6.33 m.; total track (steel), 53.92 miles. Char-
tered Feb. 9, 1854 r opened Oct. 1, 1859. Operated
until July 15, 1897, by the Erie RR. Co., at a rental
equal to 35 p. c. of gross earnings, less charge for the
use of the depot at Jersey City/ (See Manual for
1896.) On July 21, 1897, direct control was assumed
by the Erie, a majority of the stock having been ac-
quired. Earnings (p. c. of as rental) for year ending
June 30, 1897, $119,977; Interest on loan, $5,312; rents
of buildings, $71»— total, $126,008. Payments: In-
terest on bonds, $39,240; rental (Nyack and Northern
RR.), $9,000; rental of terminal at Jersey City, $33,-
083; taxes, $7,307; salaries and organization ex-
penses, $25,661; dividends (8i p. c.), $85,000— total,
$199,291. Deficit, $73,283; surplus forward, $27,102;
net deficit, $34,419. Financial Statement, June 30,
1897.— Capital stock, $1,000,000; funded debt, 1st
mtge. 6 p. c. 30-yr. $100, $500, and $1,000 bonds, due
July 1, 1917, interest Jan. and July, at Hudson
County Bank, Jersey City, N. J. (auth., $700,000),
$654,000; accrued dividends, $80,000; accounts, $30,-
297; profit and loss, $34,319— total, $1,798,616. Con-
tra: Cost of road, $1,680,851; Nyack and Northern
RR. advances, $2,751; due by agents, $6,196; ac-
counts, $831; cash, $107,986— total, $1,798,616. E. B.
Thomas, Pres.; G. M. Cumming, Vice-Pres.; J. A.
Middleton, Sec.; Edward White, Treas. General
Office, 21 Cortlandt St., New York. Corporate Office,
Tenafly, N. J.

NYACK AND NORTHERN RR.— Sparkill to
Nyack, N. Y., 4.51 m.; total track, 5.64 miles. Char-
tered Nov. 25, 1868; opened In May, 1870. Leased to
the N. RR. Co. of N. J., and operated in connection
with that company's line by the Erie. Rental, bond
interest, $9,000. Capital stock, $78,250; funded debt
(1st mtge. 6 p. c. 20-yr. bonds, due 1900), $150,000;
accounts, $21,336— total, representing cost, $249,586.
Interest on bonds issued payable Jan. and July. The
1st 7s matured Jan. 1. 1890, and were extended for
10 years at 6 p. c. E. H. Slsson, Pres. ; John J. Duff,
Sec., Tenafly, N. J. Corporate Office. Tenafly, N. J.

New York and Greenwood Lake Ry.—
N. Y. & G. L. June, to Sterling Forest, N. J., 39.26
m.; branch, Ringwood June, to Ringwood, N. J., 2.79
m.— total. 42.05 m.; total track (steel, 42.05 m.),
54.19 miles. Railroads operated: Caldwell Ry., 4.50
m.; Roseland Ry., 0.95 m.; Watchung Ry., 4.16 m.—
total, 9.61 m.; total track (steel, 9.61 m.), 12.90
miles. Gauge, 4 ft. 8J in. Rail, 63 and 80 Ibs.
Successor, Nov. 1; 1878, of the Montclalr and Green-

wood Lake RR: Co., which was sold under foreclosure
Oct. 20, 1878. This road is leased to the Erie RR.
Co. for 999 years from May 1, 1896, at a rental equal
to fixed charges. Financial Statement, June 30,
1897.— Capital stock ($50 shares), $100,000; funded
debt (prior lien mtge. 5 p. c. 50-yr. $100 and $1,000
gold coup, bonds, with right to register principal,
due May 1, 1946, interest May and Nov., at 21 Cort-
landt St., New York), $1,500,000— total, $1,600,000.
The bonds were issued In pursuance of a plan of re-
adjustment of the company's finances, the substance
of which was published in the Manual for 1896. page
539. They are tax-free and are guaranteed, principal
and interest, by the E. RR. Co., the guarantee being
endorsed on each bond. Trustee of mtge.: New York
Security and Trust Co. Abram S. Hewitt, Pres.; A.
Donaldson, Vice-Pres.; Edward White, Treas.; A. R.
Macdonough, Sec. General Office, 21 Cortlandt St.,
New York, N. Y.

RAILROADS OWNED OB OPERATED BY THE N. Y. &
G. L. RY. Co.

CALDWELL RY.— Caldwell June, to Caldwell,
N. J., 4.50 miles. Built in 1891. Owned by the N.
Y. & G. L. Ry. Co. Capital stock, $100,000. E. B.
Thomas, Pres.; G. M. Cumming, Viee-Pres.; A. R.
Macdonough, Sec. ; Edward White, Treas. General
Office, 21 Cortlandt St., New York, N. Y.

ROSELAND RY.— Caldwell to Essex Falls. N.
•»., 0.95 mile. Built In 1892. Operated by the N. Y.
& G. L. Ry. Co. Capital stock, $2,000; floating
debt, $8,471— total, representing cost, $10,471. E.
B. Thomas,, Pres.; G. M. Cumming, Vice-Pres.; A. R.
Macdonough, Sec.; Edward Akite, Treas. General
Office, 21 Cortlandt St., Ne^H|k, N. Y.

WATCHUNG RY.— ForeS'THill, N. J., to Main
St., Orange, N. J., 4.16 miles; sidings, 401 feet. Rail,
60 Ibs. Operated by the N. Y. & G. L. Ry. Co., under
agreement. Capital stock, $47,000; funded debt,
$200,000; other debt, $50,000— total, $297,000. A. S.
Hewitt, Receiver. General Office, 17 Burling Slip,
New York, N. Y.

Tiogra. RR.— N. Y. State Line to Hoytville,
Pa., 51.09 m.; Tloga June., Pa., to Lawrenceville,
Pa. (State Line), 3.50 m.; Morris Run Branch, Bloss-
burg. to Morris, Pa., 3.56 m.— total track (steel),
58.15 miles. Gauge, 4 ft. 8i in. Rail— iron, 50
to 60; steel, 60 to 68 Ibs. Chartered April 12,
1828, as the Tioga Navigation Co., to build a
railroad or a canal. A flat rail, laid on wooden
sills, was used until 1840. In 1851 the company
was reorganized under present title, and the road
rebuilt. The»Elmira State Line RR. (leased) con-
nects the road with the Northern Central Ry. The
Erie RR. Co. owns all of this company's stock,
except six shares of the common stock, the owners
of which cannot be found, and has assumed the three
issues of bonds. The stock is deposited under the
Erie RR. Co's 1st consol. mtge. Capital stock ($50
shares), common, $391,200; preferred, $189,700;
funded debt (for particulars, see page 446), $629,500
—total, $1,210,400. E. B. Thomas, Pres.; J. G.
McCullough, Vice-Pres, ; A. R. Macdonough, Sec. ;
Edward White, Treas., 21 Cortlandt St., New York,
N. Y.

RAILROADS CONTROLLED BY THE ERIE RR. Co. BUT OPERATIONS NOT INCLUDED IN THE
STATEMENT FOB THAT COMPANY.

New Jersey and New York RR.— Main
line, N. J. & N. Y. June., N. J., to Nanuet June.,
N. Y., 20.63 m., and Spring Valley to Haverstraw,
N. Y., 10.91 m. ; Stony Point Branch, Stony Point
June, to Stony Point, N. Y., 1.04 m.; New City
Branch, New City June, to New City, N. Y., 4.29 m.
—total, 36.87 m.; 2d track, 10.54 m.; total track,
64.04 miles. Gauge, 4 ft. 8J in. Rail (steel, 44.08 m.),
60 Ibs. Successor, April 3. 1880, to the Hackensack
& N. Y. RR. Co. Consol., Dec., 1886, with the
Hackensack RR. Co. Control of the property is
vested in the preferred stock and 1st mtge. bonds
till 6 p. c. has been paid on preferred stock for three
consecutive years. On April 7, 1896, the Erie RU.
Co. took formal possession of the property, having
obtained a controlling Interest in the company.
Operations, year ending June 30, 1897. — Train mile-
age not reported. Passengers carried, 1,343,441 ;
carried one mile, 14,452.789; average mile rate, 1.18
cents. Tons freight moved, 120,366; moved one mile,
1.784,994; average ton-mile rate, 4.57 cents. Earn-
ings (passenger, $170,918; freight, $81,501; other,
$12,977), $265,396. Operating expenses, $213,479.
Net earnings, $51,917; interest on loans. $89— total,
$52,006. Payments; Interest on bonds, $50,673; ren-

tal, $360; taxes, $5,183— total, $56,216. Deficit, $4,-
210. Financial Statement, June 30, 1897.— Capital
stock (common, $1,440,800; preferred, $787,800), $2,-
228,600; funded debt, $970,660; current liabilities,
$72,268; profit and loss, $130,346— total, $3,401,874.
Contra: Cost of road, etc., $3,072,023; stocks and
bonds owned, $238,325; current assets, $91,526— total,
$3,401,874. Capital stock authorized, $100 shares-
common, $2,000,000; preferred, $800,000.

Funded debt ($970,660) consisted, June 30, 1896, of:
1st mtge. 6 p. c. $500, etc., 30-yr. bonds,
dated April 30, 1880, int. payable May

and Nov $400,000

2d mtge. 5 p. c. 100-yr. bonds, due Nov. 27,
1985, int. payable Jan. and July (auth.,

$100,000) 2,660

Gen. mtge. 5 p. c. 40-yr. $500, etc., coup,
bds., due Dec. 31, 1932, int. Jan. and
July (auth., $1,200,000) 568,000

The 1st mtge. bonds were Issued to complete the
reorganization in 1880. They are coupon bonds, with
privilege of registration. The gen. mtge. bonds were
issued for the purpose of redeeming prior liens, for
purchase of N. J. & N. Y. Ext. RR. bonds and stock,

452

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

for purchase of rolling stock, and for double tracking,
'llitse bonds may be redeemed after Dec. 31, 1897,
at 105. Interest on bonds is payable at the Mer-
cantile Trust Co., New York, N. Y. E. B. Thomas,
1'res. ; J. A. Middleton, Sec.; E. White, Treas.,
New York, N. Y. General Office, 21 Cortiandt St.,
New York, N. Y.

RAILROADS LEASED OK OPEKATED BY THE N. J. &

N. Y. ER. Co.

GAUNERVILLE RR.— Miner's Creek, N. Y., to
Garnerville Print Works, 1 mile. Incorp. Sept. 14,

1875; opened June 13, 1876; sold under execution,
May 20, 1890, and company subsequently dissolved.
Purchased in 1892 by the Kockland Print Works, of
Garnerville. Used as a switch to the N. J. & N. Y.
RR.

NEW JERSEY AND NEW YORK EXTENSION
RR.— Garnerville to Haverstraw, N. Y., 2.37 m.;
total track (steel, 2.37 m.). 2.77 miles. Leased to the
N. J. & N. Y. RR. Co.; rental, $11,400 yearly. This
rental has been reduced to $360 by the lessor pur-
chasing this company's securities. Capital stock,
$72,500. H. W. De Forest, Pres.; J, D. Hasbrouck,
Sec. & Treas., New York. N. Y.

BAILHOADS LEASED BY THE ERIE RR. Co.

Avon, Geneseo and Mount Morris RR.—

Mount Morris to Avon, N. Y., 17.7 m. ; total truck,
19 94 miles. Kail, 57 Ibs. Organized March 10,
1800 ; chartered March 18, 1860, as successor of the
Genesee Valley RR. Co., opened June 5, 1859. Leased
to the Erie RR. Co. at a rental for years 1896-7-8-9,
of 24 p. c. ou stock and $100 for organization ex-
penses; for 1900, 3 p. c. on stock and $100 for organ-
ization expenses; for 1901 and thereafter, 3J p. c.
on stock and $100 for organization expenses. (See
Manual for 1896.* Capital stock, $225,000. Cost of
road, $224,800. Geo. W. Phelps, Pres.; G. W.
Phelps, Jr., Sec. & Treas., Mt. Morris, N. Y. Cor-
porate Office, Mt. Morris, N. Y.

Cleveland and Mahoning; Valley Ry.—
• Cleveland, O., to Pa. State Line, including line from
Youiigstown, O., to^iLizeltou, O., 80.81 m.; Niles,
O., to 3 m. south (MBbw Lisbon, 36.25 m.; Mpsier,
O., to coal mines below Vienua, O., 0.80 m.; Girard,
O., to Crab Creek, Youngstown, 6.01 m.— total, 129.87
m. ; 2d track, 65.74 m.; total track (steel),
- miles. Consol., July 25. 1872, of the Cleveland
and MabOiiing, Liberty and Vienna, and Niles and
New Lisbon RR. Cos. Leased to the Erie RR. Co. till
Oct. 1, 1962, at an annual rental of $514,180 (see
Manual for 1896), payable in installments, monthly,
in advance. The rental is sufficient to pay Interest
on the funded debt and 13 p. c. dividends on the
stock. Income Account, year ending June 30, 1895. —
Rental, $523,572; premium and interest on consoli-
dated mtge. bonds, $4,106— total, $527,678. Pay-
ments: Interest ou bonds, $148.255; taxes, $81; organ-
ization expenses, $3,(iOO; dividends (12J p. c.), $344,-
900; other deductions, $13,644— total, $510,481. Sur-
plus, $17,197; surplus forward, $192,726— total, $209,-
924. Financial Statement, June 30, . 1895.— Capital
stock (par, $100), including $591 scrip, $3,259,791;
funded debt outstanding, $2,969,000; current liabili-
ties, $204.323; profit and loss, $109,924— total, $6,-
548,038. Contra: Cost of road, etc., $6,322,219; lands
owned, $8,927; suspense, $11.622; accounts received,
$2,106; N. Y., Pa. & O. RR., $1.532; cash and current
assets, $97,632; sinking fund, $97,000; sundries, $2,-
000— total, $6,543,038.

Statement of funded debt, June, 30, 1895 :

Author- Is- Out-
2d mtge. bond (lost), due ized. sued, stand'g.

1872, interest ceased $100 $100 $100

3d mtge. (ext'd)SO-yr. $500.

etc., bonds, due Sept. 15,

1896, int. M. & S 654,500 654,500 487,900

Consol. 5 p. c. 81.000, etc.,

coup. & reg. b'ds, dated

1888, due J:in. 1, l'.)38,

int. J. £J 3,000,000 2,481,000 2,481,000

Interest on the several issues of bonds is payable
at office of Winslow, Lanier & Co., New York, N. Y.
The new consol. bonds of 1888 (trustee, Central Trust
Co., New York), were for double tracking between
Cleveland and Youngstown, for terminals and $1 -
141.0(10 reserved to retire prior bonds in 1893 and
1895. The total amount outstanding Nov. 15, 1896,
was $2.936.000, the additional $455,000 having been
issued to retire prior mtge. bonds. (See Manual for
18!H;.) Gen. lien bonds of the Erie RR. Co. are
reserved for retirement of this company's consols
Stevenson Burke, Pres.; K. R. Perkins, Treas.; E. E.
Poppleton, Sec., Cleveland, O. Corporate Office,
Cleveland, (».

Goslieii nnd Ueekertown Ry.— Goshen to
Pine Island. N. Y., 11.64 m.; total track, 11.87 miles
Rail, 50 and ,r>(i Ibs. Organized Feb. 22, 1867; opened
April 10, I860. Leased for 50 years from Jan. 1
1872. Rental, year ending June 30, 1896, $19.035
Payments: Interest, $14.790; expenses and taxes
$304; dividends (4 ]>. c.), $3,848— total, $18,942. Sur-

plus, $93; surplus forward, $2,081; total, $2,174.
Capital stock (par, $10), $96,190; funded debt, 1st
mtge. 6 p. c. 40-yr. bonds, dated July 1, 1888, inter-
est Jan. and July, $186,500; 2d do., dated Nov. 1,
1889, interest May and Nov., $60,000; profit and loss,

t 2,174— total, $344,864. Cost of road, $342,690; cash,
2,174— total, $344,864. George W. Murray, Pres.;
Charles S. Young, Sec. & Treas., Goshen, N. Y. Gen-
eral Office, Goshen, N. Y.

Hawley Branch (Penna. Coal Co.'s RR.).—
Lackawaxen to Hawley, Pa., 15.61 m.; total track,
22.62 miles. Built by the Pennsylvania Coal Co., and
leased to the Erie, June 2, 1862; rental, $50,000 per
annum. (See General Index for Erie and Wyoming
Valley RR. Co.)

Montgomery and Erie Ry.— Montgomery to
Goshen, N. Y., 10.43 m.; total track, 10.91 miles.
Rail, 60 Ibs. Chartered Jan. 2, 1866; opened Dec.
12, 1867. Leased Jan. 1, 1872, at a yearly rental ot
$22,000. Rental reduced to $17,000 In 1886, and after
Oct. 1, 1887, to $16,000 per annum, from which is
paid interest on bonds, $8,525, and 4 ( p. c. dividends
on stock (payable May 10 and Nov. 10), $6,750. Capi-
tal stock, $150,000; funded debt (for particulars, see
page 448), $170,500; sinking fund, $6,500; profit and
loss, $1,191— total, $328,191. Contra: Cost of road,
paid Interest on bonds, $8,525, and 41 p. c. dividends
$327,000; cash, $1,191— total, $328,191. J. M. Wilkin.
Pres.; Walter J. Mead, Sec., Montgomery, N. Y. ; C.
J. Everett, Vlce-Pres. & Treas., Goshen, N. Y. Gen-
eral Office, Montgomery. N. Y.

New Castle and Shenango Valley RR.—
W. Middlesex to New Castle, Pa., 16.73 miles. Gauge,
4 ft. 84 in.; rail (steel), 63 Ibs. Chartered May 8.
1887; opened in 1889. Leased to the Erie RR. Co., till
April 30, 1982, at an annual rental of 32 per cent, of
gross earnings with a minimum rental equal to bond
interest. (See Manual for 1896.) Capital stock (par,
$50), $292.450; funded debt (for particulars, see page
448), $250,000; floating debt, $298— total, $542,748.
Contra: Cost of road, etc., $541,093; other assets,
$1,655— total, $542,748. G. W. Johnson, Pres.;
M. H. Henderson, Sec. & Treas., New Castle, Pa.
General Office, New Castle, Pa. Transfer Office:
For bonds, Farmers' Loan and Trust Co., New York,
N. Y.

Paterson and Hudson River RR.— Jersey
City to Paterson, N. J., 14.97 m. ; 2d track, 14.97
miles. Chartered Jan. 31, 1831; opened In 1834. It
Is leased in perpetuity from Sept. 10, 1852, at an
annual rental of $48,400. Capital stock (par, $50),
representing original cost, $630,000. J. S. Rogers,
Pres., New York, N. Y.; Robert S. Hughes, Sec. &
Treas. Corporate Office, Paterson, N. J.

Paterson and Ramapo RR. — Paterson, N.
J., to N. Y. State Line, 15.02 miles. Chartered
March 10, 1841; completed in 1848. Leased Sept. 10,
1852; rental, $26,500. Dividends 8 p. c. per annum,
payable Jan. and July. Capital stock, $298,000.
Cost of road, $350,000. J. S. Rogers, Pres., New
York, N. Y.; Robert I. Hopper, Asst. Sec. & Asst.
Treas. Corporate Office, Paterson, N. J.

Rochester and Genesee Valley RR.—
Rochester to Avon, N. Y., 18.4 m.; total track, 25.12
miles. Organized July 2, 1854; opened Aug. 10,
1854. Leased July 1, 1871; rental, $32,312, being 6
p. c. on stock. Dividends ( 3 p. c. each) payable Jan.
and July. Capital stock, $555,200; nominal surplus,
$116,103— total, representing cost, $671,303. James
Brackett, Pres.; Josiah Anstice, Sec. & Treas.,
Rochester, N. Y. Corporate Office, 29 Arcade Build-
ing, Rochester. N. Y.

Sharon Ry.— Sharon, Pa., to Pymatunlng, Pa.,
7.93 m.; Middlesex Extension, Ferrona to W. Middle-
sex, 6.86 m.; Sharpsville Extension. Boyce, Pa., to
Sharpsville, Pa., 1.55 m.— total, 16.34 m.; sidings,
10.12 mHes. Gauge, 4 ft. 8* In. Rail (steel), 68 Ibs.
Chartered July 16, 1873; opened In AUK., 1876. Leased
to the Erie RR. Co. till April 30, 1988; rental, Inter-

POORS MANUAL — FALL BROOK RT. CO.

est on bonds, 6 p. c. on stock, and expenses of organ-
ization. Rental, year ending Nov. 30, 1897, $37,101.
Expenses and taxes, $1,258; Interest on bonds, $7,-
880; dividends, $27,876; surplus, $87. Financial
Statement, Nov. 30, 1897.— Capital stock (par, $50),
$464,600; funded debt (for particulars, see page 448),
$164,000; coup. No. 17, $3,690; Income balance, $7,904
—total, $640,194. Contra: Cost of road and equip-
ment, $628,576; other assets, $11,618— total, $640,194.
(See Manual for 1896.) Earl A. Wheeler, Pres.,
Sharon, Pa.; John H. Dynes, Sec., Cleveland, O.;
Charles Hall, Treas., Sharon, Pa. Corporate Office,
Sharon, Pa.

Union RR.— State Line to Suffern, N. Y., 0.79
m. ; 2d track, 0.79 mile. Chartered Jan. 20, 1851.
Leased in perpetuity, Sept. 10, 1852, to the Erie Ry.
Co.; rental, $3,500 being 7 p. c. on its stock of
$50,000, which represents cost of road. J. S. Rogers,
Pres., 44 Exchange Place. New York, N. Y. ; John
Hopper, Sec. & Treas., Paterson, N. J. Corporate
Office, Paterson, N. J.

Westerman RR.— Centre of Mill St., Sharon,
Pa., to a point i mile west of Pa.-O. State Line,
2.09 miles. Owned by Caroline Buhl, of Detroit,
Mich., and was leased Jan. 1, 1886, to the N. Y., Pa.
& O. RR. Co., at a rental of $4,000 per annum, the
lease to expire May 1, 1982. Lease assumed by the
Erie RR. Co.

ITonngrstown and Aiist iiitowii Ry.—

Youngstown, O., to Leadvflle Mines and branch to
Manning and Tippecanoe Shafts, 9.87 m. ; total track,
10.18 miles. Rail, 60 Ibs. Built in 1871 and 1872 to
haul coal from mines for transportation over other
roads. The road was operated by the company until
May 1, 1883, when it was leased to the N. Y., P. &
O. RR. Co. for 99 years. Lease assumed by the Erie
RR. Co. under the terms of reorganization. Entire
capital stock owned by the Erie RR. Co. Capital
stock, $10,500. E. B. Thomas, Pres., New York,
N. Y.; Win. E. Talcott, Sec., Cleveland. O. Cor-
porate Office, 913 Garfield Building, Cleveland, O.

Board of Directors, Erie RR. Co., elected Oct. 12, 1897.

C. H. Coster New York. N. Y.

J.J.Goodwin "

A. S. Hewitt "

J. G. McCullough .

D. O. Mills New York, N. Y.

F. L. Stetson New York, N. Y.

E. B. Thomas

J. L. Welsh ....... Philadelphia, Pa.

S. E. Williamson Cleveland, O.

A. E. Orr
G. W. Qnintard...
Samuel Spencer. . .
R. M. Gallaway New York, N . Y.

E. B. THOMAS, President New York, N. Y.

G. M. Gumming, 1st Vice- President "

W. F. Merrill, 2d Vice-President

3d Tice-Pret.— A. Donaldson New York, N. Y. I Trtasurer— E. White New York, N. Y

4(fi Vlce-Pres.— G. G. Cochran " " | Secretary— J. A. Middleton "

Auditor— J. T. Wann New York, N. Y.

PBINCIPAL OFFICE AND ADDRESS 21 Cortlandt St., New York, N. Y.

FALL BROOK RAILWAY COMPANY.

Main Line Of Road : Corning, N. Y., to Antrim, Pa 53.00 m.

FaU Brook Branch : Blossburg to Fall Brook, Pa 7.20 m.

Cowanesqut Valley Branch : Lawrenceville to Ulysses, Pa 40.50 m. — 100.70 miles.

Leased j Syracuse, Geneva and Corning Ry. (see statement on p. 454) 64.82 "

Lines : \ Pine Creek Ry. : Stokesdale June, to Newberry June.,- Pa 74.80 "

Total length of lines operated, June 30, 1897 240.32 miles.

Sidings, etc. (owned, 54.04 m.; leased, 69.64m.), 123.68 miles. Gauge, 4 ft. 8^ in. Rail
(steel), 76 Ibs.

History. — Organized July 1, 1892, as successor (by change of name) to the Corning,
Cowanesque and Antrim Ry. Co. (See MANUAL for 1892.) The company leases the Syra-
cuse, Geneva and Corning and the Pine Creek Rys.

Rolling Stock, June 30, 1897. — Locomotives, 75. Cars — passenger, 24 ; baggage, mail
and express, 10; freight (box, 461; stock, 24; coal, 2,812; flat, 6), 3,303; caboose, 55; service,
8— total cars, 3,400.

Operations, year ending June 30, 1897. — Train mileage — passenger, 440,644 ; freight,
1,409,148; other, 157,171— total, 2,006,958. Passengers carried, 391,147; carried one mile,
7,095,331 ; average mile rate, 2.290 cents. Tons freight moved, 6,382,882 ; moved one mile,
465,562,181 ; average ton-mile rate, 0.431 cent.

Expenses— Transportation $824,685 80

Maintenance of Equipment 114,681 70

Roadway and Structures 237,158 06

General 96,149 50

Earnings— Passenger $162,455 39

Freight 2,007,675 90

Mail and Express 32,620 46

Other 7,532 22

Total ($9,197.25 per mile) $2,210,283 97 Total ($5,295.75 per mile) $1,272,675 06

Net earnings (42. 42 p. c.), $937,608.91; add other receipts, $35,825.18— total, $973,434.09.
Payments: Interest on bonds, $8,500 ; taxes, $40,856.18 ; rentals of leased lines, $489,111.68 ;
dividends (7 p. c. on preferred stock and 6 p. c. on common stock), $305,000 — total, $840,-
467.86. Surplus, $129,966.23; surplus forward, $196,903.91— total, $326,870.14,

454

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

Earnings, etc., supplementary statement for 9 months ending March 31, 1898 : Gross
earnings, $1,923,576.94. Operating expenses, $1,435,796.34. Net earnings, $487,780.60.

Financial Statement, June 30, 1897.— Capital stock (par, $50; preferred, $500,000; com-
mon, $4,500,000), $5,000,000 ; current accounts, $159,193.08 ; profit and loss, $326,870.14—
total, $5,486,063.22. Contra: Cost of road, $2,817,852.43; equipment, $2,033,804.43; ma-
terials, etc., $139,575.58; other property and assets, $13,659.04; cash and current accounts,
$482,171.74— total, $5,486,063.22.

The bonds of the Corning, Cowanesque and Antrim Ry. Co., $170,000, were drawn and
paid on May 1, 1897.

RAILROADS LEASED BY THE FALL BROOK RY. Co.

Pine Creek Ry.— Length of line, 74.80 miles.
Rail (steel), 75 Ibs. Organized Feb. 6, 1884, as suc-
cessor to the Jersey Shore, Pine Creek and Buffalo
Ry. Co. Leased to the Fall Brook Ry. Co., for 20
years from June 30, 1883, at 30 p. c. of gross re-
ceipts, with provision for adjustment of rental within
the minimum of 25 p. c. and the maximum of 35 p.
c. of gross receipts. Rental, year ending June 30,
1897, $271,867; other receipts, $1,399— total, $273,-
266. Payments: Interest on bonds. $210,000; ex-
penses, taxes and other charges, $18,925— total, $228,-
925. Surplus, $44,341. Financial Statement, June
30, 1897.— Capital stock (with right to increase to
$4,000,000; par, $50), $1,000,000; funded debt (1st
mtge. 6 p. c. $1,000 registered bonds, dated May 13,
1885, due Dec. 1, 1932, int. J. & D.), $3,500,000;
unfunded debt, $292,65,2— total, $4,792,692. Contra:
Cost of road, etc., $4.678,580; other assets, $27,214;
profit and loss, $86,898— total, $4,792,692. Principal
and interest of bonds guaranteed jointly and sever-
ally by the New York Central and Hudson River RR.
Co., the Philadelphia and Reading RR. Co. and the
Fall Brook Ry. Co., the guarantors to receive 2d
mtge. bonds for any advances to meet interest. In-
terest payable at the Grand Central Station, New
York, N. Y. Trustees of 1st mtge. bonds: Wm. K.
Vanderbilt and Chauncey M. Depew. Officers: Jef-
ferson Harrison, Pres., Wellsboro', Pa.; E. V. W.
Rossiter, Sec. & Treas., New York, N. Y. Corporate
Office, Wellsboro' Pa.

Syracuse, Geneva, and Corning Ry.—
Corning to Geneva N. Y., 57.75 m. ; Pean Yan to
Dresden, N. Y., 7.07 m.— total, 64.82 m. ; total track
(steel; 60 to 76 Ibs.). 94.55 miles. Chartered Aug.
27, 1875; road opened Dec. 10, 1877. The Penn Yan
and New York RR., Penn Yan to Dresdep, 7.07 m..

was absorbed by consolidation, OC*. 1, 1885. (See
Manual for 1888, page 327.) Leased to the Fall
Brook Ry. Co., for 11 years from July 1, 1892; ren-
tal, 33J p. c. of gross receipts. Income, year ending
June 30, 1897.— Rental, etc., $218,523; interest, $1,-
098— total, $219,621. Expenses and taxes, $6,892;
interest on bonds, $74,675; dividends Nos. 31 and 32,
Sept. and March (7 p. c.), $92,750— total, $174,311.
Surplus, $45,304; surplus forward, $519,130— total,
$504,434. Financial- Statement, June 30, 1897.—
Capital stock (par, $100)," $1,325,000; funded debt,
$1,225.500; Interest due and accrued, $15,473; profit
and loss, $564.434— total, $3,130,407. Contra: Cost
of road, $3,019,954; cash, $110,453— total, $3,130,407.
The N. Y. C. & H. R. RR. Co. owns $662.600 of the
capital stock. Funded debt consists of $625,500 1st
mtge. 7 p. c. 30-yr. $100 and $1.000 coupon bonds,
due Nov. 15, 1905, int. M. & N. 15; and $600,000 2d
mtge. 5 p. c. 30-yr. $1,000 coupon bonds, due March
1, 1909, int. M. & S. The 1st mtge. bonds, the origi-
nal issue of which amounted to $1,000,000, ^have an
accumulating sinking fund of 1 p. c. per annum,
under the application of which $33,900 bonds were
taken up during tbo past fiscal year, making the
whole amount so taken up $374,500. Both issues of
bonds are secured by mtge. On the main line from
Corning to Geneva. Interest on 1st mtge. bonds pay-
able at the office of the Farmers' Loan and Trust Co.
of New Y'ork; on 2d mtge. bonds, at the office of the
Treasurer, Grand Central Station, New York, N. Y.
Trustees: 1st mtge. bonds. Farmers' Loan and Trust
Co. of New York; 2d mtge. bonds, E. D. Worcester
and I. P. Chambers. Officers: John Magee, Pres.;
John Lang, Vice-Pres.; Louis P. Miller, Sec., Corn-
ing. N. Y.; E. D. Worcester, Treas., New York,
N. Y. Corporate Office, Watkins, N. Y.

Board of Directors, Fall Brook Ry. Co., elected Nov. 10, 1897.

John Magee Watkins, N. Y.

John Lang

Daniel Beach Watkins, N. Y. I William Howell Antrim, Pa.

D. S. Ellsworth " " | George R. Brown . . . .Corning, N. Y.

Jefferson Harrison Wellsboro', Pa.

JOHN MAGEE, President Corning, N. Y.

John Lang, 1st Vice-President " "

Daniel Beach, 2d Vice-Pres. and General Counsel " "

Treasurer— .John H. Lang Corning, N.Y. General Si/pt.—G. R. Brown Corning, N. Y.

Secretary— D. S. Ellsworth " " Auditor— W. Nicholson " "

GEORGIA RAILROAD AND BANKING COMPANY.

Main Line of Road.— Augusta, Ga., to Atlanta, Ga 171 miles.

Athens Branch : Union Point to Athens, Ga 40 m.

Washington Branch : Barnett to Washington, Ga .18 m.

Macon Branch : Camak to Central RR. Junction, Ga 74 m.— 132 "

Trackage : Central of Ga. Ry.: Macon Branch Junction to Macon, Ga 4 "

Total length of lines 307 miles.

Sidings, etc., 62.39 miles. Gauge, 4 ft. 9 in. Rail (steel, 303 m.), 56 and 65 Ibs.

History.— The Ga. RR. Co. was chartered Dec. 21, 1833 ; present name adopted under
Act of Dec. 18, 1835. Main line and branches completed in 1845. The Macon and Augusta
RR, Co. was chartered in 1859 ; road opened in 1872, and became the property of thia com-

POOK'S MANUAL — GEORGIA RR. AND BANKING CO.

455

pany. The Qa. RR. was leased for 99 years, May 7, 1881, to William M. Wadley and asso-
ciates for the Central of Georgia and Louisville and Nashville Cos., at an annual rental of
$600,000, payable Sept. 30 and March 31. (See MANUAL for 1888, page 589.) On Dec. 31,
1892, the banking department was turned over to the Ga. RR. Bank, a separate corporation,
$198,200 (being a majority) of whose stock is owned by this company. (See MANUAL for 1894,
page 1341.)

The company owns one-half interest in the Western Ry. of Ala., the other half being
owned by the Central of Georgia Ry. Co., and two-fifths interest in the Atlanta and West
Point RR. The company beld one-fifth interest in the Port Royal and Augusta Ry., but that
road having been sold under receivership proceedings will no longer be included in the hold-
ings of the Georgia RR.

The railroad is operated for account of the lessees by a Board of Commissioners. The
Gainesville, Jefferson and Southern and the Union Point and White Plains RRs. (see sub-
joined statements) are operated in connection with the Georgia RR. The Gainesville, Jeffer-
son and Southern RR. was placed in the hands of a receiver on March 4, 1897.

Profit and Loss Account (Letsor), April 1, 1898.— Surplus April 1, 1897, $1,171,698.68 ;
receipts for year (rental, $600,000 ; dividend Ga. RR. Bank, $19,820 ; other receipts, $4,231.-
69), $624,051,69— total, $1,795,750.37. Contra: Paid dividends (July and Oct., 1897; Jan.
and April, 1898, 2} p. c. each), $462,000 ; interest on bonds, $143,000 ; other charges, $307—
total, $605,307. Surplus, April 1, 1898, $1,190,443.37.

Company's General Balance Sheet, March 31, 1898.

Road and Outfit $4,200,000 00

Macon and Augusta RR 1,230,00000

Stock Ga. RR. Bank 198,200 00

Stocks, Bonds and Investments 1,965,81000

Cash (on deposit) in Bank 322,023 40

Capital Stock $4,200,000 00

Surplus 1,190,443 37

Five and Six p. c. Bonds 2,500,000 00

Accrued Interest on Bonds Unpaid

Unclaimed Dividends

5,100 00
20,490 03

Total Assets $7,916,033 40 Total Liabilities $7,916,033 40

Statement of the income and capital accounts, Lessor Co., for eight fiscal years :

1891

March 31.

1892

March 31.

1893

March 31.

1894

March 31.

1895

March 31.

1896

March 31.

1897

March 31.

1898

March 31.

Lease Rental

600,000
50,082

600.000
50.095

s

600,000
50,150

$

600,000
15,911

600,000
11,947

$

600,000
20,313

S

600,000
21,672

S

600,000
24,052

Other Receipts

Net Income

690,082

29,031

148,000
473,051
(11)462,000

4,200,000
2,500,000
1,162,437
650,082
48,803

650,095

31,516
148,000
470,579
(11)462,000

4,200,000
2,500,000
1,211,159
650,095
43,359

650.150

75,107
148,000
427,043
(11)462,000

4,200,000
2,500,000
1,387,265
650,150
45,150

615,911

75
148,000
467,836
(11)462,000

4,200,000
2,500,000
1,352,308
615,911
47,040

611,947

620,31-8

11,420
148,000
460,893
(11)462,000

4,200,000
2,500,000
1,360,283

621,672

256
148,000
473,416
(11)462,000

4,200,000
2,500,000
1,171,699

624,D52

307
143,000
480,745
(11)462,000

4,200,000
2,500,000
1,190,443

Sundry Expenses

Interest on Bonds

148,666
463,947
(11)462,000

4,200,000
2,500,(.)00
1,359,443
692,752
64,356

Balance

Dividends

Profit and Loss

Income .

Sundry Accounts

30,453

32,256

25,590

Total Liabilities

8,561,322

4,200,000
36,046
1,926,800
1,430,000
639,031
329,445

8,604,613

4,200,000
35,871
2,164.242
1,230,000
641,516
332,983

8,782,566
4,200,000

8,715,259
4,200,000

8,816,551
4,200,000

8,090,736
4,200,000

7,903,955
4,200,000

7,916,083
4,200,000

Road and Outfit

Real Estate & Bank. House.
Stocks and Bonds

2,3(52,442
1,230,000
685,107
305,016

2,362,442
1,230,000
610,075
312,745

2,362,442
1,230,000
702,752
321,357

2,362,442
1,230,000

2,164,010
1,230,000

2,164,010
1,230,000

Other RR. Accounts. ..

Expenses, Interest, etc
Cash and Cash Assets

Total Resources

298,294

309,94!>

3'J2,023

8,561,322

' 8,604,613

8,782,565

8,715,259

8,816,551

8,090,736

7,906,955

7,916,033

Funded debt ($2,500,000), consisted, March 31, 1898, of—

6 p. c. 30-yr. $1,000 coupon and registered debenture bonds, due Jan. 1, 1910 $1,000,000

6 p. c. 40-yr. $1,000 coupon and registered bonds, due Jan. 1, 1922 300,000

5 p. c. bonds, due Jan. 1, 1922, all registered 200,000

6 p. c. bonds, due Jan. 1, 1922, coupon with right of registration as to principal only 1,000,000

456

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Securities owned by Georgia RR. and Banking Co., and held by that company for use
of Georgia RR. lessees, March 31, 1898:

DESCRIPTION.

Par Value.

Ledger
Valuation.

I

1,500,000 00

$

900,00000

344 Shares Stock Georgia RR. and Banking Co., $100 each, of which 150 shares were
purchased with proceeds sale of Rome RR. stock, and 194 shares with cash received

34,40000

67,44200

494,50000

494,468 00

"00 Shares Stock Union Point and White Plains RR Co , $100 each

20,00000

Certificate* Indebtedness A & W P RR Co., 6 p c .

388,90000

388,90000

31 bonds Walton RR Co $1000 each 6pc ....

31,00000

31,00000

84 bonds Union Point and White Plains RR. Co., $1,000 each, 5 p. c., purchased with

84,00000

84,00000

Total held by Georgia RR and Banking Co

2,552,80000

1,965,810 00

Securities owned and field by the Georgia RR. lessees :

2,800 Shares Common Stock, Gainesville, Jefferson and Southern RR. Co., $50 each. . . .
160 Shares Preferred Stock Gainesville Jefferson and Southern RR. Co., $50 each

140,00000
8,00000

3,333' 34

22 Gainesville, Jefferson and Southern RR. Co., 2d mtge. bonds, $1,000 each, 7 p. c

22,00000

20,90000

Total held by Lessees Georgia RR

170,000 00

84,23334

RECAPITULATION.
Securities held by Georgia RR. and Banking Co

2,552,800 00

1,965,810 00

Securities held by Georgia RR. Lessees

170,000 00

24,233 34

Total Securities

2,722,800 00

1,990,043 34

The income from securities held by the company ($1,965,810 as above) during the past
fiscal year was as follows: Dividends on W. Ry. of Ala. stock, $15,000; A. & W. P. RR.
stock, $29,670; on Qa. RR. & B. Co. stock, $3,784; interest on certificates of indebtedness A.
& W. P. RR. Co., $-23,334; on bonds of U. P. & W. P. RR. Co., $4,200— total, $75,988, all of
which has been paid over to lessee of Georgia RR. The company also holds 1,982 shares,
par value $198,200, of Georgia RR. Bank stock, on which a dividend of 10 p. c., amounting
to $19,820, was paid during the past fiscal year.

Dividends. — From the organization of the company to the close of the fiscal year 1898,
there were paid 139 cash dividends aggregating 458| p. c. The dates and rates per cent, of
these dividends are shown in the following statement :

Date.

p.c

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

1836
1837

Nov.
Feb.

34

34

1853
1854

Oct.

April

4
4

1868
1869

July 7
Jan. 12

4
4

1881

July 15
Oct. 15

34

24

1887

July 15
Oct. 15

24
24

>893

July 15
Oct. 15

2J
2*

Oct.

34

1855

April

34

July 13 4

1882

Jan. 15

1888

Jan. 15

2J

1894

Jan. 15

1838

April

2*

Oct.

34

1870

Jan. 20 4

April 15

4

April 15

2*

April 15

2*

Oct.

4

1856

April

4

July 14 4

July 15

24

July 15

July 15

2f

1839

April

4

Oct.

4

Dec. 29 4

Oct. 15

2J

Oct. 15

2J

Oct. 15

2*

1840

Jan.

4

1857

April

4

1871

July 13 4

1883

Jan. 15

24

1889

Jan. 15

2t

1895

Jan. 15

1842

April
April

4
10

1858

Nov.
April

3
3

1872

Jan. 20! 4
July 16 4

April 15
July 15

24
2i

April 15
July 15

2*
2J

i

April 15
July 15

2f

1846

Jan.

2

1 Oct.

34

1873

Jan. 15 4

Oct. 15

24

Or.t. 15

2*

Oct. 15

Oct.

a;

1859 April

4

IJuly 15l 4

1884

Jan. 15

4

1890

Jan. 15

2?

1896

Jan. 15

2*

1847

April

2

i Oct.

4

1874 Jan. 15

4

April 15

i

April 15

2J

April 15

1848

Oct.
April

11

1860

April
Oct.

4
4

iJuly 15
1875 July 15

4
4

July 15
Oct. 15

4

24

July 15
Oct. 15

2*

2*

July 15
Oct. 15

If

2*

Oct.

24

1861

April 9

4

1876 Jan. 15

4

1885

Jan. 15

24

1891

Jan. 15

2J

1897

Jan. 15

4

1849
1850

April
Oct.
April

34

Opt. 8
1862 April 8
Oct. 14

4
5

6

1877

July 15
Jan. 15
July 16

3

April 15
July 15
Oct. 15

24
24

24

April 15
July 15
Oct. 15

2f
I*

April 15
July 15
Oct. 15

Oct.

34

1863 April 14

8

1878 July 15

3

1886

Jan. 15

4

1892

Jan. 15

gj.

1898

Jan. 15

2*

1851 April
I Oct.
1852 April

34
34
34

Oct. 13
1864 Oct. 11
1866 Nov. 13

10

5
34

1879
,1880

Dec. 20
July 15
Jan. 15

3
3
3

April 15
July 15
Oct. 15

24
24
2*

April 15
July 15
Oct. 15

2J
2J
2}

April 15

2*

1853

uct.
April

34
4

1867 May 9
18C8Jan. 14

3
34

1881

July 15
Jan. 15

34
34

1887

Jan. 15
April 15

2i
24

1893

Jan. 15
April 15

Si-

2 * j ^t 19ct'' 1861> to Oct-> 186*). inclusive, were paid in Confederate money during the war. In
•I 75 per cent, was paid in stock— the stockholders paying 26 per cent, in cash.

POOR'S MANUAL — GEORGIA RR. AND BANKING CO.

457

Board of Directors, Ga. RR. & B. Co., elected May 11, 1898.

Wm. M. Reese Washington, Ga.

Joel A. BiHups Madison, Ga.

Henry D. McDaniel.... Monroe, Ga.

H. H. Hickman Augusta, G?a.

N. L. Hutchins..Lawrenceville, Ga.
James Tobin

J. H. Alexander Augusta, Ga.

A. W. Calhoun Atlanta, Ga.

Thomas W. Coskery. . .Augusta, Ga.

Leonard Phinizy . . " "

Billups Phinizy Athens, Ga.

James White Athens, Ga.

R. D. Spalding Atlanta, Ga.

Wm. A. Latimer Augusta, Ga.

George A. Speer Lasrrange, Ga.

William W. Thomas Athens, Ga.

Augusta, Ga.

JACOB PHINIZY, President Augusta, Ga.

C. G. Goodrich, Cashier " "

ACCOUNTS OF THE LESSEE OF THE RAILROAD PROPERTY OF THE GEORGIA RR. AND

BANKING Co.

Rolling Stock, June 30, 1897. — Locomotives, 57. Cars — passenger, 34; combination, 8;
sleeping, 7; baggage, mail, and express, 18; freight (box, 659; flat, 140; coal, 271; stock, 31),
1,101; cab, 18; shanty, 17; derrick, 1; pay, 1 — total cars, 1,205.

Operations, Georgia RR. and controlled lines, year ending June 30, 1897 :

Georgia
RR.

G., J. & S.
RR.

U. P. & W.
P. RR.

TOTAL ALL LINES.

1897

1896

Miles of Railroad Operated

307
609,926
673,736
219,282
325,578

66

12

384
609,926
680,534
317,628
325,890

384
656,037
597,022
246,276
277,331

Engine Mileage — Passenger

Freight

6,798
89,166
312

Mixed.. ... .. ....

9,180

Other

Total Engine Mileage

1,828,522

320,986
14,817,218
873,333
101,018,509

s

386,22509
1,139,410 32
43,10448
17,878 59
4,03439

96,276

24,409
391,240
33,627
1,000,825
S
11,620 11
41,187 36
3,34216
37731

9,180

2,958
35,406
5,529
63,781
S
1,04364
5,371 40
58560
4519

1,933,978

348,353
15,243,804
912,489
102,083,115

S
898,888 84
1,185,975 08
46,932 24
18,301 09
4,03439

1,776,666

439,684
17,039.782
824,999
89,886,457
$
438,973 02
1,021,79518
42,503 03
16,308 34
14,301 65

Passengers Carried

Passengers Carried One Mile

Tons Freight Moved

Tons Freight Moved One Mile

Freight

Mail

Miscellaneous

Total Earnings

1,590,658 87

162,737 65
235,656 00
594,969 57
122,519 54
23,412 95

56,42694
12,699 02

7,04583
4,73260

1,654,131 64
180,169 27

1,533,941 22

211,241 87
164,016 20
580,89485
118,256 98
23,326 27

Expenses — Maintenance Way and Structures
Maintenance of Equipment

Transportation

25,272 82
1,44387
1,37280

2,20735
48466
15490

235,65600
124,448 07
24,94065

Taxes

Total Operating Expenses

1,139,295 71

451,363 16
107,800 00

40,788 51
15,63843

7,579 51
def. 533 68

1,187,663 73

466,467 91
107,80000

1,097,73617

• 436,205 05
92,752 00

Net Earnings

Other Receipts — Interest and Dividends

Total Net Income

559,163 16

15,63843
18,95500

def. 533 68
4,20000

574,267 91
28,155 00
600,00000

528,957 05
26,07750
600,00000

Deduct Interest on Bonds

Rental Qa. RR. and Branckes

600,00000

Balance, Deficit

40,83684

5,181 30
3,711 06
1,47084
71.62 p> C.
2.61 c.
I.19c.

3,316 57

868-11
62752
24059
72.29 p. c.
2.97 c.
4.48 c.

4,73368

58715
63163
def. 44 48
107.57 p. c.
2.95 c.
9.41 c.

48,887 09

4,30763
3,092 87
1,214 76
71.80 p. c.
2.62 c.
1.23 c.

97,120 45

3,99464
2,85869
1,135 95
71. 56 p. C.
2.49 c.
1.22 c.

Gross Earnings per Mile

Operating Expenses per Mile

Net Earnings per Mile

Expenses to Earnings .... '.

Average Rate per Passenger per Mile

Average Rate per Freight Ton per Mile

The net income of the Georgia RR. for the fiscal year 1897, $559,163.16, is placed as fol-
lows : Cash in bank, $50,174.40 ; current balances (debtor, $434,215 ; creditor, $307,442.77),
$126,772.23 ; balance paid on rental account, $350,740.45; Gainesville, Jefferson and Southern
bonds, $20,900; advanced for Gainesville, Jefferson and Southern RR., $5,842.40; advanced
for Union Point and White Plains RR., $4,733.68— total, $559,163.16.

Profit and Loss Account, June 30, 1897.— Balance, June 30, 1896, $886,892.45 ; excess
of rental over net income, $40,836.84 — total, as per general balance sheet, $927,729.29.

458

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement of operation?, income account, etc., Georgia RR. (lessee) for eight years :

1890

June 30.

1891

June SO.

1893

Jun« 30.

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles RR Operated

306.70
498.233

658,477
192,872
1,608,128

306.70
605,055
857,845

' '1,756,663

306.70
581,342
691,075
122,010
1,642,672
475,518
17,884,710
713,492
81,091,234
$
472,424
1,046,751
53,811
12,521

306.70
560,515
715,691
128,051
1,612,282
427,948
16,219,500
720,049
77,406,737

428,356
984,186
55,764
11,944

307.00
541,661
674,284
115,563
1,476,820
382,716
14,466,665
709,741
77,492,258

381,177
917,663
54,596
13,808

307.00
635,780
553,623
101,618
1,455,979
321,897
13,357,240
707,048
82,755,684
8
351,263
888,779
53,264
14,332

307.00
653,652
597,022
149,353
1,677,358
410,406
17,234,068
793,136
89,025,409
8
426,957
983,921
54,552
14,362

307.00
609,926
673,736
219,282
1,828,522
320,986
14,817,218
873,833
101,018,509
$
386,225
1,139,416
60,983
4,035

Passenger Train Miles
Freight Train Miles

Mixed Train Miles
Total Engine Mileage

Tons Freight Moved
Tons Moved 1 Mile

000,043
81,601,022
$
481,370
1,134,842
54,202
13,223

669,784
90,370,108

s

542,891
1,281,277
55,024
12,087

Earnings — Passenger

Freight

Mail and Express
Miscellaneous...

Total

1,683,636
1,178,771

1,891,279
1,233,218

1,585,507
1,271,865

1,480,251
1,088,232

1,367,185
869,984

1,307,638
987,364

1,479,792
1,048,672

1,590,659
1,139,296

Operating Expen. & Tares.
Net Earnings

504,865
61,176

658,061
60,618

313,641
61,685

392,019
92,752

497,201
92,752

320,274
92,752

431,120
92,753

451,363
107,800

Add— Interest & Dividends.
Total Income

566,041
600,000
- 33,959
-450,520
-484,479
5,484 16
3,839 65
1,644 51
70.01 p. c.

718,679
600,000
+ 118,679
-484,479
-365,801
6,160 52
4,017 00
2,143 52
65.21 p. c.

875,336
600,000
-224,674
-365,801
-590,474
5,164 52
4,142 68
1,021 64
80.22 p. c.
2.64 c.
1.87C.

484,771
600,000
-115,229
-590,474
-705,703
4,821 66
3,544 73
1,276 93
73.52 p. C.
2.64 c.
1.36 c.

589,953
600,000
- 10,047
-705,703
-*715,750
4,45337
2,833 82
1,619 55
63.63 p. c.
2.57 c.
1.18C.

413,026
600,000
-186,974
-623,790
-810,764
4:259 41
3,216 17
1,04324
75.51 p. c.
2.63 c.
1.08 c.

523,872
600,000
-76,128
-810,764
-886,892
4,820 17
3,415 87
1,40430
70.87 p. c.
2.48 c.
1.18 c.

559,163
600,000
-40,837
-886,892
-927,929
5,181 30
3,711 06
1.47024
71.62 p. c.
2.61c.
1.19c.

Rental Qa. RR. and Bra. . . .
Balance ( + or — )

Balance Forward

Deficit at close of Year. ....
Gross Earnings per Mile
Operating Expenses p. M. . .
Net Earnings per Mile

Expenses to Earnings
Aver. Rate p. Pas. p. Mile

Aver. Rate p. Ton p. Mile.

1.47C.

1.49 c.

* Less materials and supplies on hand, charged heretofore to operating expenses, $91,961, leaving net
deficit June 30, 1895, $623,790.

Earnings, etc., supplementary comparative statement for 9 months ending March 81,
1898:

Gross earnings— 1897 (passenger, $296,248.80 ; freight and other, $993,481.75), $1,289,-
730.55 ; 1898 (passenger, $285,951.01 ; freight and other, $1,043,355.72), $1,329,306.73 ; in-
crease, $39,576.18. Operating expenses— 1897, $855,079.77; 1898, $955,903.08; increase,
$100,823.31. Net earnings— 1897, $434,650.78; 1898, $373,403.65; decrease, $61,247.13.
Net income— 1897, $526,594.78 ; 1898, $434,215.65 ; decrease, $92,289.13.

General Balance Sheet (Lessee's), June 30, 1897.

Equipment and Steel Rail Trust Acc'ts. . . $272,073 76

Athens Extension 131,737 59

Gainesv., Jefferson & Southern RR. Stock. 3,333 34

Gainesv., Jefferson & Southern RR. Bonds. 20,900 00

Advanced for G., J. & So. RR 356,607 26

Balance U. P. & W. P. RR. Account 9,869 90

Current Accounts and Balances 434,215 00

Materials and Supplies 91,960 82

Cash in Bank 50,174 40

Profit and Loss 927,729 29

Lessee General Account $1,569,084 83

Rental Accrued, April, May, and June, '97 150,000 00
Car Trust, Locomotive, and Rail Notes... 272,073 76
Current Creditor Balances 307,442 77

Total Aseets $2,298,60136 Total Liabilities $2,298,60136

Bonded debt of the controlled lines, showing the bonds on which the Georgia RR. lessees
are endorsers, June 30, 1897 :

CLASS or BONDS.

Date
of

Issue.

When
Due.

Outstand-
ing.

Endorsed
by Lessees
Ga. RR.

Rate.

Coupons
Due.

Annual
Interest.

Gainesville, Jefferson & So. RR. 1st mtge
Gainesville, Jefferson & So. RR. 2d mt«-e
Walton RR., 1st mtge.

1881
1883
1881
1889

1911
1908
1910
1920

245,00000
75,00000
40,00000
84,00000

$

161,50000
75,00000

pvc.
7
7
6
5

July 1, Jan. 1
Oct. 1, April 1
July 1, Jan. 1
July I, Jan. 1

$

17,15000
5,25000
2,40000
4,20000

Union Point & White Plains RR., 1st mt'ge.

444,00000

236,500 00

29,00000

POOKS MANUAL — GREAT NORTHERN RY. CO.

459

The lessees advance the means to pay the coupons except on Walton RR. bonds, and except the coupons
on $83,500 unendorsed 1st mtge. G. J. & S. RR. bonds. Interest payable at Augusta, Ga., and at the American
Exchange National Bank, New York, N. Y.

RAILROADS OPERATED BY THE LESSEES OF* THE RAILROAD PROPERTY OF THE GEORGIA

RR. AND BANKING Co.

Gainesville, Jefferson and Southern
RR.— Gainesville to Social Circle, Ga., 52 m.; Bel-
mont to Jefferson, Ga., 13 m.; sidings, 3.27 m.—
total track (steel, 25 in.), 68.27 miles. Rail, 30 and 5G
Ibs. Gauge, 3 ft. Chartered Aug. 23, 1872; road opened
March 8, 1884. Consolidated with the Walton RR.,
on March 11, 1884. Operated in connection with the
Georgia RR. On March 4, 1897, the road was placed
In the hands of a receiver. Gross earnings, year end-
ing .Tnne 30, 1897, $56,427; expenses. $40,789; net
earnings, $15,638. Interest on bonds, $18,995. Deficit,
$3,317, advanced by Georgia RR. Co. Capital stock
—common, $242,687; preferred, $17,650— total (par,
$50), .$200,337; funded debt (1st mtge. 7 p. c. 30-yr.
bonds, due 1911, int. J. & J., $245,000; 2d mtge. 7
p. c. 25-yr. bonds, due 1908, int. A. & O., $75,000; 1st
mtge. 6 p. c. bonds, Walton RR., due 1910, Int.
J. & J., $40,000), $360,000; unfunded debt. $358,-
532; Ga. RR. transportation account. $7,416— total,
$986,287. Contra: Road and outfit, $648.389; profit
and loss, $330,481; due by agents, $7,416— total,
$986,287. S. C. Dunlap, Receiver; A. D. Candler,
Pres., Gainesville, Ga.; W. C. Howard, Sec., At-

lanta, Ga.; W. T. Richards, Treas.; Carlton Hillyer,
Auditor; G. II. Fuller, Auditor for Receiver, Augusta,
Ga. General Office, Gainesville, Ga.

Union Point and AVhite Plains RR.—

Union Point to White Plains, Ga. (owned, 12 m.;
trackage, 1.5 m.), 13.5 m. ; total track (iron), 14.0
miles. Chartered Aug. 5, 1886; road opened Sept. 23,
1889. Operated by the Georgia RR. and Banking Co.
Locomotive, 1. Cars supplied by the Georgia RR.
and Banking Co. Gross earnings, year ending June
30, 1897, $7,046. Expenses, $7,580. Loss on opera-
tion, $534. Interest on bonds, $4,200. Deficit. $1.734.
Capital stock (par, $100), $32,500; funded debt, 1st
mtge. 5 p. c. cy. bonds, due 1920, Int. J. & J., at
Augusta, Ga., $84,000; balance to credit Ga. RR.,
$9.870; transportation account, $154— total, $126.-
524. Contra: Cost of road, etc., $91,987; profit and
loss, $34,383; due by agents, $154— total. $126.524.
John C. Hart, Pres.; J. H. Kilpatrick, Vice-Pres.,
Union Point, Ga.; W. T. Richards, Treas.; Carlton
Hillyer. Auditor, Augusta. Ga.; R. Tappan, Sec.,
White Plains, Ga. General Office, Union Point. Ga.

T. K. Scott, Pres Augusta, Ga,

J. H. Alexander " "

Board of Commissioners for Lessee.

C. H. Phinizy Augnsta, Ga.

H. M. Comer Savannah, Ga.

One Vacancy.

Leonard Phinizy Augusta, Ga.

M. H. Smith Louisville, Ky.

Officers in Charge of Operations.

THOS. K. SCOTT, General Manager Augusta, Qa.

Treasure ;•— W. T. Richards Augusta, Ga. | A udltor— Carlton Hillyer Augusta, Ga.

PRINCIPAL OFFICE AND ADDBESS Augusta, Qa.

GREAT NORTHERN RAILWAY COMPANY.

(For map of this system, see page 461.)
LINES LEASED.

St. Paul, Minneapolis and Manitoba Ry. (Details of mileage on p. 466) 3,779.87 miles.

Trackage : Oregon Short Line, Union Depot Co., and Spokane and

Seattle Ry., in Spokane, Wash 4.80 m.

Everett and Monte Cristo Ry., Everett, Wash 5.25 m.— 10.05 "

PKOPRIETARY LINES.

Eastern Ry. of Minnesota. (See mileage statement on p. 468) 72.39 m.

Duluth Terminal Ry. 1.78 m.

Montana Central Ry. (See mileage statement on p. 469) 256.74 m.

'Willmar and Sioux Falls Ry.: Willmar, Minn., to Yankton, S. D 205.25 m.
Duluth, Watertown & Pac. Ry.: Watert'n, S. Dak., TO Huron, S. D. 69.84 m.
Minneapolis Union Ry.: University Switch to First St., Minneap. 2.63 m.

Pacific Coast Lines. (See mileage statement following) 159.10 in.

Minneapolis Western Ry.: In Minneapolis, Minn 1.69 m. — 769.42 "

Total length of all lines Great Northern Ry. System, June 30, 1897 4,559.34 miles.

History. — Chartered Sept. 18, 1889, as successor to the Minneapolis and St. Cloud Ry.
Co. (See MANUAL for 1891, p. 224.) ' The St. P., M. & M. Ry. is leased for 999 years from
Feb. 1, 1890, this company guaranteeing dividends of 6 p. c. gold per annum on $20,000,000
stock of the lessor, and the payment of both principal and interest of all its obligations.

The work of permanent improvement was continued during the past year. The lines
from Minneapolis to St. Cloud via Osseo, from Crookston Junction to East Grand Forks, be-
tween Barnesville and Moorhead, and between Rugby Junction and Berwick, an aggregate of
93.02 miles, were relaid with 75-lb. steel rails, and the lighter rails removed therefrom used
to replace iron rails on the Halstad and Brown's Valley Branches, and on the lines between
Sauk Centre and Park Rapids, and Ripon and Hope, where the traffic is lighter. Numerous

460

POCK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

passing tracks were laid along the main line of the Fergus Falls and Dakota Divisions, and
between Breckeii ridge and Larimore. Work on others is in progress. Additional tracks for
local industries were laid also during the year, the total increase in side tracks being 16 65
miles.

la Sept., 1896, the company acquired a grain elevator in Minneapolis of 900,000 bushels'
capacity, and a tract of land adjoining, and has built an elevator of 1,750,000 bushels' capacity,
which is fully equipped and modern in every respect. The yard in connection wiih these
elevators has been rearranged and enlarged.

The Seattle and Montana RR. Co. owns, either directly or through ownership of the entire capital
stocks of local companies, a line of road extending from Seattle, Wash., to a point on the south bank of the
Fraser River, opposite New Westminster, B. C., with a branch from Fairhaven Junction easterly to the coal
mines in the Skagit River coal region, together with all usual appurtenances, including shops, docks, terminal
lands and equipment. That company also owns one-half the capital stock of the Portland and Pugct Sound
RR. Co., organized to construct and operate a railroad from Seattle, Wash., to Portland, Ore.; a large amount
of work in the construction of which has already been done. To aid in constructing and acquiring the rail-
ways and other properties mentioned, the Great Northern Ry. Co. made advances during a series of years,
which amounted with interest, March 1, 1898, to about $11,300,000; the moneys forming which would other-
wise have been subject to distribution in the form of dividends among Great Northern stockholders.

Under date of May 25, 1898, it was announced that, in consideration of the release of the indebtedness
resulting from these advances, the entire capital stock of the Seattle and Montana RR. Co., $12,500,000 in
amount, had been transferred to the Manhattan Trust Co. of New York, as trustee, in trust for the benefit
of Great Northern stockholders, to be distributed ratably among them on Oct. 1, 1898. Under date of June 10,
1898, it was further announced that an issue of $25,000,000 of additional preferred stock (making a total of
$50,000,000 of that class of stock) had been decided upon, and that the stockholders would have the privilege
of subscribing therefor at par, pro rata of their holdings.

The issue of such shares of preferred stock is to provide for the redemption at par and the cancellation
of the $15,000,000 of collateral trust bonds, maturing Sept. 1, 1902, which have been called for payment Sept.
1, 1898, and further for the purchase of the $12,500,000 capital stock of the Seattle and Montana RR. Co., for
a sum not more than $10,000,000.

The purchase price of the new stock must be paid in cash, or in the collateral trust bonds at par, and
to the extent of 40 p. c. of the subscription, in the stock of the Seattle and Montana RR. Co. at the rate of
80 p. c. of the face value thereof.

Statement of all tracks, Great Northern Ry. System, June 30, 1897 :

GREAT NORTHERN RY. AND. PROPRIETARY
LINES.

Main
Track.

Second
Track.

Third
Track.

Fourth,
Fifth
and Sixth
Tracks.

Side
Track.

Total.

Leased from St. P., M. & JL Ry.:
Willmar Division .... ....

Miles.
167.87
570.77

Miles.
28.52

Miles.
9.28

Miles.
13.05

Miles.
96.20
96.30
44.13
73.28
62.84
64.29
33.82
32.70

Miles.
314.92
Ii67:07
464.12
691 .39
684.22
627.21
540.44
314.91

Fergus Falls Division

Breckenr.dge Division

419.99
618.11
621.38
562.92
506.62
312.21

Northern Division

Dakota Division •

Montana Division

Kalispcll Division

Cascade Division

Total Leased from St. P., M. & M. Ry

3,779.87

4.80
5.25

28.52

9.28

13.05

503.56

4,334.28

4.80
5.25

Other Tracks Leaned by Ot. No. Ry. Co.:
Oregon Short Line. Union Depot Co., and Spo-
kane :md Seattle Ry., in Spokane

Everett and Monte Cristo Ry., Everett, Wash..
Total Operated by the Great Northern Ry

Prop) it-far i/ Companies :
Eastern Ry. of Minnesota...

3,789.92

72.39

1.78
256 74

28.52
6.00

9,28

13.05

503.56

47.18
3.31
45.52
15.44
4.08
4.65
21.02
4.00

4,344.33

125.57
5.09
302.26
220.69
73.92
9.91
180.12
5.69

Duluth Terminal Ry

Montana Central Ry

\\ ilhnarand Sioux Falls Ry.

205.25
69.84
2.63
159.10
1.69

7)iiluth, Wiitertown and Pacific Ry.

Minneapolis Union Ry

2.63

Pacific Coast Lines

Minneapolis Western Ry

Total Proprietary Lines

769.42

8.63

145.20

923.25

Total Mileage Great Northern Ry. System

4,559.34

37.15

9.28 13.05

648.76

5,267.58

Rolling Stock (entire system), June 30, 1897.— Locomotives, 443. Cars— passenger
(coaches, 137 ; sleeping,, 42 ; parlor, 3 ; dining, 12 ; buffet smokers, 8 ; tourist, 8 ; coinbina
240 ; baggage, mail, and express, 87 ; business, 5 ; freight (box, 9,654 ; dat and
roril, 2,671 ; ore, 100 ; stock, 527 ; furniture, 1,15'2 ; refrigerator, 107 ; express, 6 ; hay, 6),
14,223 ; caboose, 227 ; service, 974 — total cars, 15,756.

462

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Operations, year ending June 30, 1897 (3,806.13 m.). — See tabulated statement below.

Earnings— Passenger... $2,074,16632 Expenses— Conducting Transportation. .. $3,886,43570

Freight 11,974,46297 Maintenance of Equipment.... 996,76151

Mail and Express 546,539 96

Miscellaneous 399,372 16

Total ($3,939.58 per mile) $14.994,541 41

Net earnings (42.14 p. c.), $6,318,445.32.

Income Account, year ending June 30, 1897.

Maint. Way and Structures 2,484,475 93

General and Taxes 1 ,308,4-.>2 95

Total ($2,279.51 per mile) $8,676,096 09

Net Earnings for Year (as above) $6,318,445 32

Interest on Bonds Owned 93,823 18

Dividends on Stocks Owned 1,000,547 67

Rental of Leased Lines 187,256 25

Hills Receivable (Land Notes) 15,837 83

General Interest 73,556 66

Rental of Equipment and Car Service 56,904 05

Other Income— Ground Rents, etc ._ 91,625 M62

Total ".$7,837,996 58

Guar'd Int. on St. P., M. & M. Ry. Bds... $3,483,408 78
Guar'd Div. on St. P., M. & M. Ry. Stock. 1,200,000 00
Main, of St. P., M. & M. Ry. Organization 7,170 57
Int. on Great Nor. Ry. Collat. Trust Bonds 600,000 00

Rentals Other Leased Lines 90,150 00

Dividends (A., N., F. & M., 1J p. c. each) 1,250,000 00
Balance, to Profit and Loss 1,207,267 23

Total $7,837,996 58

Statement of operations, income, etc., of the G. N. Ry., for seven fiscal years :

1891

1892

1893

1894

1895

1896

1897

Miles RR. Operated
Passenger Train Miles. . .
Fgt, & Mixed Tr. Miles.
Passengers Carried
Passengers Miles ....

2,796.54
1,773,993
3,132,540
1.995.515
82.327.486
2,280i382
616,286,817
$
1,876,960
7,628,011
776,743

2,865.40
1,681,850
3.894,852
1.600,553
82,333,417
2.926.706
787,880,74-,>
$
2,028,949
9,720,486
854,693

3,351.57
1,971,476
3,631,566
1,436,939
84,956.282
3.103,647
854,123.825
$
2,145,293
10,522.806
854,482

3,765.29
2,048,427
3,520,582
1,020,976
76.663.741
2,593,749
799,306,864
$
1,810,330
8,762,984
772,043

3,765.99
2,176,297
4,313,400
1,058,798
72,7(Xi.446
2,946,920
1,022,173,154
$
1,854,822
10,365,032
890,086

3,765.70
2,385,528
5,060,764
1,239,978
82.988.302
3,530,953
1,194,851,137
$
2,151,295
12,170,276
975,882

3,806.13
2.588,310
4,381,741
1,229.324
82,635,145
3,387,633
1,154.693,357
$
2,074,166
11.974,463
945,912

Freight (tons) Moved —
Freight (ton) Miles.

Passenger Earnings
Freight Earnings

Other Earnings

Gross Earnings. . . .

10.281,714
5,163,954

12.604,128
7,133,298

13,522,581
7,335,417

11,345,357
6,488,779

13,109,940
7,146,462

15,297,453
7,898,981

14,994,541
8,173,890

Operating Expenses
Net Earnings.

5,117.760
923,934

5,470,&30
939,420

6,187,164
1,018,552

4,856,578
1,991,516

5,963,478
1,307,836

7,398,472
805,144

6,820,651
1,519,551

Miscellaneous Receipts. .
Total Income

6,041,694

6,410.250

7,205,716

6,848,094

600.000
3,505,974
1,200,000
411,943
40,150
(5) 1,187,500
6,681
— 104,154

3,013 14
1,723 31
1,289 83
57.19 p. c.
2.36 c.
l.lOc.

7,271,314

600.000
3,514,866
1,200,000
459,215
51,150
(5) 1, •250.000
6,574
+ 189,508

3,481 14
1,8J7 63
1,58351
54.51 p. c.
2.55 c.
1.01 c.

8,203,616

600,000
3,486,834
1,200,000
528,053
90,150
(5) 1,250,600
6,032
+ 1,042,547

4,062 31
2,097 61
1,96470
51.64 p. c.
2.59 c.
1.02 c.

8,340,202

600,000
3,483,409
1,200,000
502,205
90,150
(5) 1,250,000
7,171
+ 1,207,267

3,939 58
2,14756
1.792 02
54.51 p. c.
2.51 c.
1.04 C.

Payments :
Interest on Coll. Trusts
Guar. Interest

2,873,598
1,200,000
299,651
18,750
(3i) 650,000
11,074
+ 988,621

3,676 58
1,84655
1,83003
50.22 p. c.
2.28 c.
1.24c.

2,890,946
1,200,000
367.551

3,440,286
1,200,000
375,554
681
(5) 1,000,000
6,683
+ 1,182,332

4,034 70
2,188 65
1,846 05
54.24 p. c.
2.53 c.
1.23 c.

Guar. Dividends. .

Taxes

Rentals

Dividends

(5) 1,000,000
8,278
+ 943,475

4,398 73
2.48946
1,90927
56.59 p. c.
2.46 C.
1.23 c.

Miscellaneous
Balance (+ or — )

Gross Earnings per Mile.
Gross Expenses per Mile
Net Earnings per Mile..
Expenses to Earnings. . .
Aver, per Pass, per Mile.
Aver, per Ton per Mile. .

. NOTE.— The average mileage operated in 1897 includes 46.05 miles owned by other companies but over
which this company has trackage rights.

Statement showing revenue for the year ending June 30, 1897, of the Great Northern
Uy. Co., and all proprietary companies :

COMPANY.

Gross
Earnings.

Operating
Expenses.

Taxes.

Net
Earnings.

Other
Receipts.

Total.

Great Northern Ry

$
14,994,541 41
1,855,536 73
1,930,652 53
616,087 51
39,242 39

$
8,173.890 54
914,549 55
1,305,086 67
267,610 93
40,733 71

$
502,205 55
52,733 48
24,900 62
17,322 54
5,486 50

$
8,318,445 32
888,253 70
600,665 24
331,15404
d(f. 6,97782

$
589,551 26
42,207 12
2,221 21
def. 1,95283
12100

$

6,907,996 58
930,460 82
602,886 45
3-'9,201 21
def. 6,85082

Eastern Ry. of Minnesota

Montana Central Ry.

\\ iilmar and Sioux Falls Ry

Diihiih, Watertown and Pacific Ry
Tola! Railway System Proper.
Minneapolis Union Ry

19.433,060 57
240,168 81
63,364 00
31,13846
808,008 06
473,366 69
684,11771
21 ,''36,225 30

10,701.871 40
42.724 60
28.504 15
17,638 46
891,16529
390.857 85
549,656 73
12 fi22 d1848

602.648 69
2,075 97
1,26600

366 00
1,44645
607 803 11

8,131.54048
195,369 24
33,593 85
13,500 00
rff/.83,15723
82,14284
133,014 53

8 Rflfi (VIS 71

632,147 76
20220
10,00728

22,56387
rifid O9>1 11

8,763,<>88 24
195,571 44
43,601 13
13,50000
def. 83,157 23
82,142 84
155,578 40
9 170 924 '!-••'

Minneapolis Western Ry *

Dulnth Terminal Ry

Northern Steamship Co.*

Great Northern Express Co
Sand Coulee Coal Co
Total for the System

* Year ending Dec. 31, 1896.

POOR S MANUAL — GREAT NORTHERN RY. CO.

463.

The Great Northern Ry. Co. has advanced the deficits for the year of the Duluth, Watertown and Pacific
Ry. and the Northern Steamship Co. Out of the net income for the year of the companies named, the follow-
ing dividends have been declared: Eastern Ry. Co. of Minnesota, $600,000; Willmar and Sioux Falls Ry. Co.,
$150,000; Minneapolis Union Ry. Co., $30,000; Sand Coulee Coal Co., $150,000— total, $930,000. This amount
is not included in " Other Receipts " of the Great Northern Ry., as given in the above table, but is added
to " Dividends on Stocks Owned " in the Income Account.

Duluth Terminal Ry. Co. — This company is the owner of the railway used by the Eastern Ry. of Min-
nesota to secure an entrance into Duluth, and of extensive yards in Duluth. Its stock and bonds are all
owned by the Eastern Ry. Under the franchise of the Duluth Terminal Ry. its earnings, derived from track-
age, are limited to 6 p. c. on its stock and bonds. The interest and dividends paid, amounting to $13,500,
are not included in " Other Receipts " of the Eastern Ry., above shown.

Great Northern Express Co. — The amount shown under " Operating Expenses " includes the amount
paid railway companies for transportation.

Sand Coulee Coal Co. — Included in the amount shown under Operating Expenses, in addition to the
cost of mining and marketing coal is a charge of ten cents per ton to provide a sinking fund against the
ultimate exhaustion of the property. A portion of the rental received from buildings is likewise set aside
to cover their replacement. The sinking funds now amount to $222,602.81.

Statement of operations, earnings, etc., entire system, for three fiscal years :

1895

1896

1897

•1895

1896

1897

M.of RR.Oper.

Train Mileage.
Passenger. . .
Freight
Mixed

Pass. Carried .
Pass. 1 Mile ..
Pass. Tr. Earn.
Rate p. Pass, j
per Mile . . )'

Tons Fr. Mov.
Tonsl Mile...
Fr Tr. Earn .
Rate p. Ton I
per Mile . . f
Tons Co. Frt..

4,374.48

7,983,976
2.649,585
4,633,790
700,601

1,312,480
85,519,922
$3,071,234 14

2.680 c.

6,071,065
1,344,957,131
$13,442,567 55

0.984 c.
924,275

4,374.19

9,305,517
2,971,338
5,680,711
653,468

1,528,369
99.178,028
$3,457,411 73

2.671 C.

7,521,159
1,622,877,423
$16,124,404 68

0.976 C.
1,102,676

4,414.76

9,100,798
3,205,238
5,442,659
452,901

1,498,310
97,543,773
$3,314,837 71

2.591 C.

7,471,894
1,657,223,725
$16,096,509 87

0.956 c.
1,169,799

Earnings :
Passenger
Freight

$

2,292,343 14
13,234,560 47
616,994 93
386,526 01

$
2,648,853 93
15,833,090 47
632,570 20
498,049 73

$

2,527,109 17
15,841.33090
617,639 24
449.981 26

Mail & Express
Miscellaneous .

Total

16,530,424 55

4,654,912 71
1,213,40362
2,364,751 88
1,497,48258

19,612,564 33

5,475,095 44
1,478,314 98
2,324,293 73
1,585,841 41

19,436,060 57

5,292,864 50
4,285,253 53
3,133,29339
1,593.10867

Expenses :
Transportation.
Equipment
Roadway, etc..
Gen. & Taxes. .

Total

9,730,550 79

6,799,873 76
3,778 83
2,22439
1,55444
58.86 p. C.

10,863,545 56

8,749,018 77
4,48370
2,48356
2,00014
55.39 p. c.

11,304,52009

8,131,54048
4,40252
2.560 62
1,84190
58.16 p. C.

Net earnings ....
Gross Earn. p. M.
Exp. & Tax. p. M.
Net Earn. p. M...
Exp.&Tx.toEarn.

Consolidated General Balance Sheet, June 30, 1897.

Cost of Properties and Securities Owned $33,937,255 10
Less Stock and Bonds of Proprietary

Cos. Owned by Gt. N. Ry. Co. and

not shown contra 14,355,000 00

$19,582,255 10
St. P., M. & M. Ry. Pacific Extension

Bonds in Hands of Trustees as Secur-
ity for Great Northern Ry. Co.'s Col- •

lateral Trust Bonds 15,000,00000

Cost of Proprietary Companies:

Eastern Ry. of Minn... $10,093,933 06

Montana Central Ry... 14,134,32992

Willmar and Sioux Falls 5,411,474 81

Duluth, Wat. & Pac. Ry. 2,204,813 82

Minn. Union Ry 3,289,78761

Minn. Western Ry 740,57181

$35,874,911 03

Dnluth Terminal Ry... 316,77963—36,191,69006
Stocks and Bonds, Eastern Ry. of

Minn., in addition to those of Duluth

Term., Ry. Co 142,69578

Additions and Improv. to Property

Leased from St. P., M. & M. Ry. Co. 544,600 64

Current Assets.

Cash in St. Paul Office $370,724 61

Cash in New York Office 703,108 27

Cash in London Office 291,707 92

Due from Agents 575,168 80

Due from U. S. P. O. Dept.. 110,356 15
Due from U. S. Transptn... 10,167 48

Advanced Charges 11,520 56

Bills Receivable 761,46648

Other Cos. and Individuals. . 614,369 88

Advances to Prop. Cos 327,787 52— 3,776,377 67

Material and Fuel on Hand ; 991,494 96

Total Assets $76,229,114 81

Capital Stock, Great Northern Ry. Co. $25,000,000 00
Collateral Trust Bonds, Gt. N. Ry. Co. 15,000,000 00
Bonds of Subsidiary Companies 20,346,000 00

Current Liabilities.

Audited Vouchers Unpaid. $970,573 51

Unpaid Pay Rolls 797,910 56

Unpaid Coupons, including

July 1, 1897 1,555,846 92

Unpaid Dividends, St. P.,

M. & M. Ry. Stock 16500

Unpaid Dividends, Gt. No.

Ry. Stock 143 75

Due to Other Cos. & Indiv. 720,279 46— 4,044,919 20
Bills Payable, given in part payment

for Preferred Stock Ore. RR. ft Nav.

Co., not yet Due 1.100,000 00

Deferred Liabilities.

Taxes not yet Due $311,977 04

Bd. Int. Accrued, not Due. 275,691 66

Rental of St. P., M. & M.
Ry. Accrued, not Due. . . 403,116 67— 990,785 37

Fund for Permanent Im-
prov. and Renewals 1,149,405 07

Insurance Fund 50,202 42

Surplus Earnings of Pro-
prietary Cos. in Hands of
G. N. Ry. Co 1,117,89383

Balance— Profit and Loss.. 7,429,908 92— 9,747,410 24

Total Liabilities $76,229,114 81

NOTE. — The above balance sheet is a consolidation of the general balance sheets of the Great Northern
Ry. Co., Eastern Ry. Co. of Minnesota, Montana Central Ry. Co., Willmar and Sioux Falls Ry. Co., Duluth,

464

POOK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Watertown and Pacific Ry. Co., Minneapolis Union Ry. Co., Minneapolis Western Ry. Co., and Duluth Ter-
minal Ry. Go. It shows the financial condition of the railway system. The finances of the Northern Steam-
ship Co./Sand Coulee Coal Co., and Great Northern Express Co. are omitted, these being kept distinct from
those of the railway system.

Capital Stock.— The authorized share capital is $45,000,000, of which $20,000,000 is
common stock and $25,000,000 preferred stock. None of the common stock has been issued.
Of the preferred stock, $20,000,000 was issued to stockholders of the St. P., M. & M. Ry. Co. at
50 p. c. of its face, the other 50 p. c. being paid for by transfer of all securities owned by the
St. P., M. & M. Ry. Co., amounting to over $22,000,000. Subsequently $5,000,000 additional
preferred stock was issued to provide for additions, betterments, etc. Further issues can be
made only with the consent of 75 p. c. of the outstanding preferred stock. The stocks of
proprietary lines were deposited in trust to secure the unity of the system.

DIVIDENDS. — The following cash payments have been made on the preferred stock since
the organization of the company :

Date.

P.O.

Date.

p. c.

Date.

p.c.

Date.

P- c.

Date.

p. c.

Date,

p.c.

1890

Nov.

1

1892

May

11

1893

Nov.

U

1895

May

Ji

1896

Nov.

li

1898

May

H

1891

Feb.

1

Aug.

H

1894

Feb.

ll

Aug.

li

1897

Feb.

Ij

May

H

Nov.

May

11

Nov.

ll

May

1*

Aug.

1}

1893

Feb.

li

Aug.

H

1896

Feb.

li

Aug.

ll

Nov.

l|

May

i£

Nov.

If

May

ll

Nov.

H

1892

Feb.

"

Aug.

l|

1895

Feb.

ii

Aug.

11

1898

Feb.

li

The collateral trust bonds were issued to provide the means for completing the Pacific Coast Extension.
They are 4 p. c. 10-yr. gold bonds, due Sept. 1, 1902, but redeemable, any or all of them, at par and accrued
interest, at any time after Sept. 1, 1893, on three months' notice. Interest payable March and Sept., at the
company's office in New York; principal and interest in gold. The bonds are secured by deposit with the
trustee, the Minneapolis Trust Co., of Minneapolis, Minn., of £3,000,000 St. Paul, Minneapolis and Manitoba
Ry. Co. 1st mtge. 4 p. c. Pacific Extension bonds.

Statement of bonds and stock outstanding in the hands of the public, for which the Great
Northern Ry. Co. is responsible directly or under guarantee :

Outstand-
ing July 1,
1897.

Annual
Charges
Paid in
1896-97.

Outstand-
ing July 1,
1897.

Annual
Charges
Paid in
1896-97.

Gt. No. Ry. Co. Stock

$
25 00000000

$
1 250000

St P M & M Ry 1st Mtge

$

$

Gt. No. Ry. Co. Bonds

15,000,000 00

600000

7 p. c. Bonds

61 40000

22 95423

E. Ry. of Minn. 1st. Mtge. 5
p. c. Bonds

4 70000000

235000

St. P., M. & M. Ry. 2d Mtge.
6 p c Bonds

8 00000000

480 000 00

Mont. Cent. Ry. 1st Mtge. 6
p. c. Bonds

6,000,000 00

360 000

St. P., M. & M. Ry. Dak. Ex.

5 676 000 00

340 56000

Mont. Cent. Ry. 1st Mtge. 5
p. c. Bonds

2,700,000 00

135 000

St. P., M. & M. Ry. Consol.
M 6 p c Bonds

13 344 000 00

80064000

W. & S. F. Ry. 1st Mtge. 5 p. c.
Bonds

3,646 000 00

182 300

St. P., M. & M. Ry. Consol.

21 262 000 00

t 942 856 37

Minn. Un. Ry. 1st Mtge. 6 p. c.
Bonds

2,150,000 90

129000

St. P.,M. &M.Ry.Mon.Ex.

7907,00000

314580 00

Minn. Un. Ry. 1st Mtge. 5 p. c.
Bonds

650,00000

32 500

St. P., M. & M. Ry. Pac. Ex.

14 545 454 54

581 818 18

Minn. Wn. Ry. 1st Mtge. 5
1>. c. Bonds

500 000 00

25 000

St.. P., M. & M. Ry Stock 6

p. c. guar

20,000,000 00

1 200 000

Totals

151 141 854 54

7 632 208 78

NOTE.— The St. P., M. & M. Ry. 1st mtge. 7 p. c. bonds were drawn for redemption prior to July 1, 1897,
and Hie amount shown above ($61,400) represents the bonds not presented up to the close of the fiscal year.
All but $1,000 of these have since been redeemed.

* Does not include £3,000,000 St. P., M. & M. Ry. Pacific extension bonds underlying the Great Northern
Ry. Co.'s collateral trust bonds, the latter only being shown.

The total interest paid on consol. mtge. 4J p. c. bonds was $943,234.98; the difference between this
amount and that shown above, viz., $378.61, is accrued interest on consols issued during the year in exchange
for 1st mtge. bonds.

Length of main tracks covered by bonds in the "hands of the public, 4,378.05 miles ;
bonded debt per mile of main track, $24,230.07. Capital stock, St. P., M. & M. Ry., per mile'
of main -track (3,830.72 m.), $5,220.95 ; interest charges and guaranteed dividends, St. P., M.
& M. Ry., per mile of road operated, $1,457.77.

POORS MANUAL— GREAT NORTHERN RY. CO.

465

During the past fiscal year there was no change in the funded debt or share capital of the Great Northern
Ry. Co., nor in the share capital of either of its proprietary railway companies. As the Willmar and Sioux
Falls Ry. Co. did not issue in 1893 the full amount of its bonds required in payment for the line frorn Sioux
Falls to Yankton, S. D., it issued during the past year its bonds for $21,000, the balance due, and closed
out the open account.

The change in the bonded debt of the St. P., M. & M. Ry. Co. was caused, in part, by the redemption,
through the operation of the sinking fund, of 1st mtge. 7 p. c. land grant bonds; and, in part, by the issu-
ance of bonds for the acquisition of additional property, exchange of 1st mtge. 7 p. c. bonds for consol. mtge.
4J p. c. bonds, and on account of the construction of 60.30 miles of new railroad.

The 1st mtge. 7 p. c. bonds of the St. P., M. & M. Ry. Co. were called for payment during the' year,
and interest on them ceased June 1, 1897. The highest rate of bond interest now paid by this company or
its proprietary railway companies is 6 p. c. per annum, and that rate upon only $35,170,000 of the $106,141,-
854.54 outstanding bonds listed in the preceding table.

In March, 1898, it was announced that a ^contract had been entered into for the sale of $5,000,000 4 p. c.
50-yr. bonds of the Eastern Ry. Co. of Minnesota, the proceeds to be applied to the construction of an exten-
sion from Fosston, Minn., to Duluth. (See statement tor Eastern Ry. of Minn., on p. 468.)

Expenditures were made during the year on the capital accounts of proprietary companies, as follows:
Eastern Ry. Co. of Minnesota, $136,730.32; Montana Central Ry. Co., $77.564.57; Willmar and Sioux Falls Ry.
Co., $6,345.67; Duluth, Watertown and Pacific Ry. Co., $314.42; Duluth Terminal Ry. Co., $72,309.95; Minne-
apolis Union Ry. Co., $234.66; Minneapolis Western Ry. Co., $94.63. No stock or bonds have been issued to
represent these increases of invested capital.

During the year the company purchased a large interest in the preferred shares of the Oregon RR. and
Navigation Co., in part payment for which bills payable were given to the amount of $1,100,000, as shown
by the general balance sheet. These notes have since been paid. This stock stands on the company's books
at cost, but it has largely increased in value since it was purchased.

The company acquired during the year other securities and properties in connection with its railway,
which, with this O. R. & N. stock, make up the increase of $2,713,174.72 in " Cost of Properties and Securities
Owned by Great Northern Ry. Co." as shown in the general balance sheet, as compared with the same item
in last year's balance sheet.

Statement of Stocks and Bonds Owned June 30, 1897.

Railway Stocks.
Eastern Ry. of Minnesota
Montana Central Ry. Co

Par.
$5,000,000
5,000,000
1,500,000
730,000
500,000
43,750
7,000
5,600
15,700

Valuation.
15,000.000
5,000,009
1,500,000
730,000
500,000
43,750
7,000
5,600
15,700

(a) Railway Bonds :
Dul., Watertown & Pac. Ry

Par. Valuation.
$1,375,000 $1,375.000
109,000 109,000

Minnesota Transfer Ry

Willmar & Sioux Falls Ry. Co.
Dul., Watert'n <fc Pac. Ry. Co. .
Minneapolis Union Ry. Co. . .
St Paul Union Depot Co

Other Railway Bonds Owned :
Minnesota Transfer Ry . .

$1,484,000 $1,484,000

$3,000 $3,000
1,000,000 900,000
£3,000,000 $15,000,000
$102,000 102,000
66,000 66,000
21,000 21.000

Minnesota Transfer Ry. Co...
St. Paul, Minn. & Man. Ry. Co.
L. Sup., Tcr. & Trans. Ry. Co.

Other Railway Stocks Owned :
Minneapolis Western Ry. Co. .
Great Northern Ry. Co
Sionx City & Northern Ry. Co.
Butte, Anaconda & P. Ry. Co.
O. RR. & Nav. Co., preferred.

Total Railway Stocks

Other Stocks :
Northern Steamship Co

Butte Anaconda & Pac Ry

± St, P., M. & M. Ry., Pacific Ext
St. P., M. & M. Ry., Montana Ext
St. P., M. & M. Ry., Consols
W. & S. F. Ry. 1st Mtge

Other Bonds :
Todd County

*12,802,050

$250,000
5,950
380,000
490,000
2,391,050

$12,802,050

1250,000
5,950
350.000
490,000
1,108,491

$16,092,000
$13,000 $13,000
11,000 11,000
2,300 2,300
30,000 30,000
2,000 2,000
2,000 . 2,000

Town of Hutchinson

Town of Breckenridge ....

County of Pipestone

Town of Minnesota Falls ....

$3,517,000
. $1,500,000

$2,204,441

$1,500,000
250,000
149,000
75,000
5,800

Town of Wadena

, $60,300 $60,300
7,000 6,300
2,000 1,800
1,000 900
15,000 15,000

Town of Leaf River

Sand Coulee Coal Co

250,000

Town of Straight River

Climax Con) Co

149,000
75000

Wenatche Water Power Co

St Paul Foundry Co

Totals

Fort Benton Bridge Co

5,800

$25,000 $24,000

Total Other Stocks . .

Grand Total Stocks and Bond

.t£l,979,800

$1,979,800

8 434.646,591

NOTE. — The following stocks were acquired from the St. Paul Minn. & Man. Ry. Co., as subscription
toward the capital stock of this company, the same being for the benefit ef the St. P., M. & M. stockholders:
Railway stocks, * $12,802,050; t other stock, $1,979,800— total, $14,781,850. The cost of this stock is carried in
account " cost of properties and securities owned." { In hands of trustees Great Northern Ry.'s collateral
trust bonds, (a) The following bonds were acquired from St. P., M. & M. Ry. as subscription toward the
capital stock of this company, the same being for the benefit of the St. P., M. & M. stockholders: Ry. bonds,
$1,484,000; other bonds, $60,300— total, $1,544,300. The cost of these bonds is carried in account " cost of
properties and securities owned."

Land Department. — Report of the Minneapolis and St. Cloud Land Grant for year end-
ing June 30, 1897. — Total grant, Hinckley branch, 425,664 acres; total grant, Willmar branch,
51,200— aggregate, 476,864 acres. Total acreage selected to date, 169,501.88 ; total acresige
deeded to company, 138,546.62 acres. Total acreage sold prior to June 30, 1897, 68,337.73*
acres ; value of same, $218,116.65 ; average price per acre, $3.19. Remaining unsold, June
30, 1897, 408,526.26i acres. During the past fiscal year, 1,424.41 acres were sold for $7,598-72,
being an average of $5.33 per acre. Disbursements during the same period were $385.51.
Amount of deferred payments due thecompany, and bearing 6 and 7 p. c. interest, $33,381.05.

460

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

RAILROADS OPERATED UNDER LEASE BY THE GREAT NORTHERN RT. Co.

St. Paul, Minneapolis and Manitoba

Ry.— Organized May 23, 1879, and purchased at fore-
closure sale the several lines of the St. Paul and
Pacific RR. (1st Div.) Co. and their northern exten-
sions. (See Manual for 1884, p. 746.) The company
at that time acquired 640 m. of road, and that
mileage was increased yearly by the construction of
branches and extensions, as shown in detail in pre-
vious issues of the Manual, until the length of lines
equalled 3,710.57 m. on June 30, 1896. During the
past fiscal year the Moorhead Northern line was ex-
tended from Halstad to Carman, Minn., 32.23 m.,
and the Hope Branch from Hope to Aneta, N. D.,
28 07 m., making the total length of lines on June
30, 1897, equal 3,779.87 miles, as follows:

Miles.

St. Paul, Minn., to Barnesville, Minn 217.32

State Fair Grounds Spur, Minn 0.64

Osseo Jc. to St. Cloud, Minn., incl. North "Y" 63.07

Elk River, Minn., to Milaca, Minn 31 .80

St. Cloud, Minn., to Hinckley, Minn 66.43

East St. Cloud, Minn., to Sauk Rapids, Minn.. 2.14

St. Cloud, Minn., to Willmar June., Minn 55.85

Sauk Centre, Minn., to Park Rapids, Minn 90.96

Fergus Falls, Minn., to Pelican Rapids, Minn. 21.65

Carlisle June.. Minn., to Elizabeth, Minn 3.52

Minneapolis June, to East Minneapolis, Minn.. 0.98
East Minneapolis, Minn., to Breckenridge, Minn. 204. 20

Minnetonka North Shore Line, Minn 5.93

Hutchinson June., Minn., to Hutchinson, Minn. 53.13

Morris, Minn., to Brown's Valley, Minn 46.68

Tintah June., Minn., to Ellendale, No. Dak 104.32

Rutland June., No. Dak., to Aberdeen, So. Dak. 64.00

Barnesville, Minn., to St. Vincent, Minn 170.95

St. Vincent June. Switch to Boundary Line. ... 2.62
St. Vincent June. Switch to End of Track, via

Old Depot 2.12

Shirley, Minn., to St. Hilaire. Minn 21 .55

St. Hilaire to Thief River, Minn 7.59

Miles.

St. Hilaire to Red Lake Falls, Minn 10.13

Barnesville Jc., Minn., to Grand Forks Jc., N.D. 98.14

Graf ton, No. Dak., to Cavalier, No. Dak 31.71

Addison, No. Dak., to Rita, No. Dak 11.78

Grand Forks, No. Dak., to Boundary Line 80.94

Moorhead June., Minn., to Carman, Minn.... 66.32

Halstad, Minn., to Alton, N. D 10.38

Breckenridge, Minn., to Larimore June., N. D.,

via Portland 135.01

Casselton to Portland Je., N. D., via Mayville. 47.03

Ripon, No. Dak., to Aneta, No. Dak 57.57

Crookston June., Minn., to Minot, No. Dak 230.33

Park River June, to Langdop, No. Dak 73.88

Rugby June., No. Dak., to Bottineau, No. Dak. 38.66

Evansville, Minn., to Tintah, Minn 32.03

Moorhead, Minn., to Wahpeton, No. Dak 42.91

Church's Ferry, No. Dak., to St. John's, N. D.. 55.21

Carman. Minn., to Fosston, Minn 44.69

North St. Cloud Branch, Minn 2.53

Benson, Minn., to Watertown, So. Dak 91 .62

Minot, N. D., to South Side Sun River, Mont.. .549.25
Johnstown June, to June, with Sand Coulee

Branch, Great Falls, Mont 3.10

West Side Branch from Great Falls, Mont 5.04

Great Falls, Mont., to Smelter 5.33

Pacific June., Mont., to Lowell, Wash 818.83

Total length of lines owned, June 30, 1897.3,779.87

Since the close of the fiscal year the Langdon
Branch has been extended from .Langdon to Hannah,
N. D., 20.15 m., and the Cavalier Branch from Cava-
lier to Walhalla, N. D., 16.13 m., making the total
length of lines on Nov. 1, 1897, equal 3,816.15 miles.

On Jan. 31, 1890, the property of this company was
leased for 999 years to the Great Northern Ry. Co.,
which assumes all of its obligations and guarantees
dividends of 6 p. c. gold per annum (payable Feb.,
May, Aug. and Nov.) on its stock.

Abstract of income account, and general balances, St. P., M. & M. Ry. Co., for six years ending June 30:

1892

1893

1894

1895

1896

1897

Rental from Lease

$

4,099,224 14
874,304 57

4,695,633 58
183,168 04

$

4,712,654 91
108,257 48

$
4,721,44020
198,839 76

S

4,692,865 95
397,843 58
13,019 08

$
4,690,579 ar)
265,387 22
37861

Land Department

Other Income

Total Income..

4,973,528 71

2,890,946 22
(6) 1,200,000 00
8,27792

874,304 57

4,878,801 62

3,488,770 41
(6)1,200,00000
6,86317

183,168 04

4,820,912 39

3,505,973 76
(6) 1,200,000 00
6,681 15

108,257 48

4,920,279 96

3,514,866 18
(6)1,200,00000
6,574 02

198,839 76

5,103,728 61

3,499,853 37
(6)1,200,00000
6,03166

397,843 58

4,956,345 18

3,483,787 39
(6)1,200,00000
7,170 57

265,387 22

Interest on Bonds

Dividends on Stock
Organization Expenses.
Transferred from Land 1
Dept. to Sinking Fund f

Total

4,973,528 71

20,000,000 00
68,194,654 54
5,199,16809
44,118 64

4,878,801 62

20,000,000 00
70,310,754 54
5,361,61866
21,38906
14,545,454 55
1,909,446 61

4,820,912 39

20,000,000 00
84,558,484 85
5,470,314 70
118,38735
242,424 24
1,909,446 61

4,920,279 96

20,000,000 00
84,958,384 85
5,671,320 29
115,56960
242,424 24
1,909,44661

5,103,728 61

20,000,000 00
84,411,28485
6,069,817 76
131,066 29
242,424 24
1,909,446 61

4,956,34518

20,000,000 00
85,098,884 85
6,315,96211
139,406 36
242,424 24
1,935,69661

Capital Stock

Funded Debt

Sinking Funds

Current Liabilities

Pac. Ext. Bond Account.
Profit and Loss

1,912,82852

Total Liabilities

95,350,769 79

79,987,828 52
14,545,454 54
225,740 00
2581
591,720 92

112,148,66342
111,112,07029

112,299,057 75
111,675,35570

112,897,145 59
111,375,35570

112,764,039 75
112,111,355 70

113,732,374 17
113,144,070 70

Road, Lands, etc...

Pacific Ext. Account
Prem. on Bonds Red.
Individuals and Cog...
Cash

260,83500
217,285 41
483,330 45
75,142 27

283,90000
58,974 91
210,305 50
70,521 64

283,90500
79,127 90
785,370 20
73,386 79

372,260 00
48,702 12
163,30973
68,41220

390,180 00
65,122 30
70,904 10
62,09707

North Dak. Land Acct

Total Assets.

95,350,769 79

112,148,66342

112,299,05775

112,897,145 59

112,764,039 75

113,732,374 17

Bonded debt ($85,098,884.85; annual int. charge, $3,476,088), consisted June 30, 1897, of the following:

Annual
Int. Charge.

Amount
Outstanding,
tge land grant sink, fund 7 p. c. pold bonds, interest ceased June 1, 1897 $61,400 00

J - '•»» • !'• V. IH.MU. 1/l/llUB. llltdcnl, ^,CUFM;U. M UIIC 1. Jt'Ul .«>•<».. ^TJVJX,-T\W v»v

2dmtge. 6 p. c. 30-yr. gold bonds, due Oct. 1, 1909 8,000,000 00

1st mtge. (Dakota Ext., $12,000 p. m.) 6 p. c. gold bonds, due Nov. 1, 1910 5,676,000 00

l.onsol. mtge. n p. c. I ».. i \$ ;j44 QOQ QQ

$480.000
340.560
800,640
956,790
316,280
581,813

POOR'S MANUAL — GREAT NORTHERN RY. CO.

467

The 1st mtge. land grant sinking fund bonds were
called for redemption March 11, 1897. All but $61,-
400 had been redeemed on June 30, 1897, and all but
$1,000 have since been retired. The funds to take
up these bonds having been deposited with the trus-
tees, the 1st mtge. has been satisfied and the 2d
mtge. becomes a 1st lien on 624.39 m. of railway in
Minnesota, including the terminals at St. Paul and
Minneapolis, while the consol. mtge. becomes a 1st
lien on the land grant and on 670 m. of railway In
Minnesota, and a 2d lien on the rest of the mileage
and property in Minnesota and the Dakotas. The 2d
mtge. bonds are for $1,000 each, and are payable in
gold, in New York; interest payable April and Oct.,
in New York. Trustees: John S. Kennedy and Samuel
Thome. The Dakota Extension bonds were Issued in
Nov., 1880, and are secured on all lines In Dakota
and on the Morris and Brown's Valley and the
Barnesville and Moorhead branches in Minnesota.
They are limited to an issue of $6,000,000, at the
rate of $12,000 per mile of single track. They are
$1,000 gold coupon bonds, with privilege of registra-
tion; principal and interest payable in New York;
interest payable May and Nov. Trustee: Central
Trust Co., New York.

The authorized issue of consols, is $50,000,000; of
which $19,426,000 were reserved to retire prior liens,
$574,000 were sold, $10,000,000 were issued to stock-
holders at 10 p. c. of their par value in the nature
of a dividend, for the purpose of returning to the
stockholders the net revenue which bad been diverted
to construction; and the remaining $20,000,000 were
reserved to be issued only on new roads at the rate
of $15,000 per mile of main track, and $12,000 per
mile additional for second track. The mtge. provides
that the net proceeds of the sale of granted lands,
and all moneys that should accrue to the company
from any disposition made of the lands, subject only
to the provisions of the 1st mtge. deed of trust, and
also the proceeds of sale of any other lands, machin-
ery, equipment and other property not needed by
the company or unfit for use, should be pledged to
the payment of interest on the consol. mtge. bonds
and to the purchase of those bonds at the lowest
price for which they can be obtained; but there is

no provision for the compulsory retirement of the
bonds before maturity. From 1883 to 1887 there
were issued $13,344,000 6 p. c. consol. mtge. bonds,
but all of those bonds issued subsequently bear in-
terest at the reduced rate of 4i p. c. During the
past year $944,000 of these bonds were issued, $925.-
600 on account of the construction of the extensions
of the Moorhead Northern line and the Hope Branch
and of additional main tracks in Minneapolis, re-
ferred to In the Manual for 1897, page 448; $5,000 in
exchange for 1st mtge. land grant bonds of equal
amount, and $13,400 on account of additions to the
property. The consols, are $1,000 bonds, in cou-
pon and registered forms, with provision for regis-
tration of coupon bonds; principal and Interest pay-
able In New York. Trustee: Central Trust Co., New
York.

The authorized issue of Montana Extension bonds is
$25.000,000, and $19,409,000 of them have been Is-
sued. Of this amount, however, $11,502,000 are In
the hands of the trustees of the Pacific Extension
mtge., leaving only $7,907,000 outstanding. These
bonds are coupon ($1,000) or registered ($1,000 and
$5.000). with provision for registration of coupon
certificates. Principal and interest payable In gold
at the New York office. Trustee: Central Trust Co.,
New York.

The Pacific Extension coupon bonds are for £100,
£500, and £1,000 each; the registered bonds, £1,000
each. Of the bonds, £3.000,000 (on which amount
annual interest charge is reckoned) are outstanding
and £3,000,000 are underlying the $15,000,000 Great
Northern Ry. collateral trust bonds. They are auth-
orized at the rate of £6,000 per mile of single main
track completed and equipped for the portion of the
line in Montana, and £7.000 per mile west of Mon-
tana, with £3,000 per mile for 2d track and £30
per lineal foot of tunnel In the Cascade Mountains.
Principal and interest guaranteed by the Great
Northern Ry. Co. and payable at the office of Baring
Bros. & Co., London, Eng., or at the company's
agency In New York. Trustee: Central Trust Co. of
New York. Interest on all bonds payable at 27 and
29 Pine St., New York, N. Y.

The following statement shows the terminal points and mileage of the several lines securing each issue
of bonds of the St. P., M. & M. Ry. Co.:

TERMINAL POINTS OF LINE COVERED.

From To Miles.

Second (now First) Mtge. Bonds:
St. Paul, Minn International Bound-
ary, St. Vincent... 393.015

St. Cloud, Minn Sank Rapids, Minn . . 2.441

Minneapolis Jc., Minn Breckenridge, Minn. 205.743

Crookston, Minn Red River, Minn 23.542

Dakota Extension Mtge.:

Morris, Minn Brown's Vy., Minn. 46.680

Barnesville, Minn Neche. No. Dak 182.060

Red River End of Line West . . 64.589

Breckenridge, Minn Portland, No. Dak. . . 100.041

Ripon, No. Dak Hope, No. Dak 29.610

Everest, Minn Mayville, No. Dak. . . 45.520

Consolidated Mtge.:

Same Lines as Second Mtge .624.741

Same Lines as Dakota Extension Mtge 468.500

St. Cloud, Minn Willmar, Minn 55.050

Elk River, Minn Milaca, Minn 31.800

Tintah, Minn Evansville, Minn 32.031

Minneapolis. Minn St. Cloud, Minn 62.960

St. Cloud, Minn Hinckley, Minn 66.510

Sank Centre, Minn Eagle Bend, Minn. . . 36.437

Fergus Falls, Minn Pelican Rap's, Minn. 21.648

Carlisle, Minn Elizabeth, Minn 3.520

Lake Junction, Minn Spring Park. Minn.. 6.000

Shirley, Minn..-. -..St. Hilaire. Minn.... 21.800

Moorhead, Minn Carman, Minn 66.230

To

Miles.

From
Consolidated Mtge.;

Hutchinson Jc., Minn Hntchinson, Minn.. . 53.067

Benson, Minn Watertown, So. Dak. 91.624

Tintah. Minn EHendale, No. Dak.. 104.321

Rutland, No. Dak Aberdeen, So. Dak. . 64.000

Moorhead, Minn Wahpeton, No. Dak. 43.000

End of Track, No. Dak Montana Boundary. .282.583

Portland, No. Dak Langdon, No. Dak.. 106.189

Mayville, No. Dak Portl'd Jc.,No. Dak. 5.036

Rugby Junction, No. Dak..Bottineac, No. Dak. 38.659

St. Cloud, Minn End of Track 2.530

Carman, Minn Fosston, Minn 44.690

Church's Ferry, No. Dak. . .St. John, No. Dak. . . 55.210

Grafton, No. Dak Cavalier, No. Dak... 31.710

Eagle Bend, Minn Park Rapids, Minn. 54.524

Hal*tad,Minn Alton, No. Dak 10.381

St. Hilaire, Minn .Thief R. Falls. Minn. 7.586

St. Hilaire, Minn Red Lake Falls.Minn 10.131

Addison, No. Dak Rita, No. Dak 11.780

Hope, No. Dak Aneta, No. Dak 28.070

Montana Extension;

Dakota Boundary Great Falls, Mont. . .419.092

Pacific Junction, Mont Montana-Idaho State

Line 383.400

Pacific Extension :
Pacific Junction, Mont Everett, Wash 818.830

NOTE 1.— By the terms of the mtge., the Dakota Extension Mtge., in addition to the lines above enume-
rated thereunder, also covers all other lines owned by this company in North and South Dakota.

NOTE 2. — In addition to the above, the 2d mtge. and the consol. mtge. cover:

Second Track 32.096 Miles. | Fifth Track 2.319 Miles.

Third and Fourth Tracks 18.580 " ! Sixth Track 0.724 "

The above tracks are located between St. Paul and Fridley and Lake Junction, Minn.

M>TE 3. — Montana Extension bonds were issued upon line Pacific Junction to Montana-Idaho State
Line and placed in hands of trustees of Pacific Extension Mtge. to secure to holders of that mtge. the first
lien to the above line in Montana, as the Montana Extension Mtge. covers all lines constructed in Montana.

468

POORS MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

Land Department-Total grant (10 8{jc"°DJ!i i^fi
mile) 3 848,000 acres, of which certified, 3,479,611.^6
acres. Total acreage deeded to the company prior to
June 30, 1887, 3,212,508.19; less decreed to tho North-
ern Pacific by U. S. Supreme Court, March 2 1891,
365,860.92 acres; leaving net acreage deeded. 2,846,-
64727 Sold to June 30, 1897, 2,335,744.99 acres;
contracts cancelled, 283,462.29 acres; unsold 1,427.-
328.66 acres. Sales, year ending June 30, 1897. 65.-
809 40j acres for $287.727.17, an average of $8.03 per
acre There were also sold 437 town lots for $10,-
800.50, an average of $24.71 per lot. Cash receipts
for year, including interest, etc., $317,859.99. Ex-
penses, $52,472.77. Net receipts, $265,387.22. De-

ferred payments due company bearing interest at 7
and 6 p. c., $1,300,534.90.

Directors.— Jas. J. Hill. W. P. Clough, E. Sawyer,
St. Paul, Minn.; Lord Strathcona and Mount Royal,
Glencoe. Scotland; E. T. Nichols, John S. Kennedy,
New York, N. Y.; Samuel Hill, Minneapolis, Minn.
Officers: Samuel Hill, Pres. & Land Commr., Minne-
apolis, Minn.; Lord Strathcona and Mount Royal,
Vice-Pres., Glencoe, Scotland; W. P. Clough, 2d
Vice-Pres.; E. Sawyer, Sec. . & Asst. Treas., St.
Paul, Minn.; E. T. Nichols, Treas. & Asst. Sec.,
New York, N. Y.; R. I. Farrington, Compt., St. Paul,
Minn. General Office, St. Paul, Minn. New York
Office, 27 and 29 Pine St.

PROPRIETARY LINES OF THE GREAT NORTHERN BY. Co.

Piiliitli. Watertown and Pacific Ry.—

Watertown to Huron, So. Dak., 69.84 m.; total track
(steel, 69.84 m.), 73.92 miles. Rail, 56 Ibs. Gauge,
4 ft. 81 in. Organized Sept. 30, 1885; road opened
Sept. 11, 1888. Controlled by the Great Northern Ry.
Co., which owns all the stock and bonds. Rolling
stock supplied by the Great Northern Ry. Co. Gross
earnings, year ending June 30, 1897. $39,363. Ex-
penses and taxes, $46,220. Deficit, $6,857; add in-
terest on bonds, $82.500; deficit from June 30, 1896,
$628.190— total deficit. $717,547. Financial State-
ment, June 30, 1897.— Capital stock (par, $100). $730.-
000; funded debt (1st mtge. 6 p. c. 50-yr. $1,000 gold
coupon bonds, due June 1, 1938, int. J. & D.), $1,-
375.000; current accounts, $157,361; unpaid coupons,
$653,125; accrued interest, $6,875— total, $2,922,361.
Contra: Cost of road, $2,204,814; profit and loss,
$717,547— total, $2,922,361. Interest payable at 27
and 29 Pine St., New York, N. Y. Trustee of bonds:
Central Trust Co. of New York. W. P. dough,
Pres.; E. Sawyer, Sec. & Treas.; R. I. Farrington,
Compt., St. Paul, Minn. General Office, St. Paul,
Minn.

Eastern Railway of Minnesota.— Hinck-
le.v, Minn., to West Superior, Wis., 69.40 m.; in
Dulirth, Minn., 0.38 m.; Sandstone to Kettle River,
Minn., 2.61 m.— total, 72.39 m.; 2d track, 6 m. ; total
track (steel, 125.35 m.), 125.57 miles. Gauge, 4 ft.
8} in. Rail, 75 Ibs. Organized Aug. 13, 1887, under
the charter of the Minneapolis and St. Cloud RR. Co.
Consolidated Jan. 10, 1888, with the Lake Superior
and Southwestern Ry. Co. of Wisconsin. Road opened
Sept. 23, 1888. Controlled by the Great Northern Ry.
Co., which owns the entire capital stock. The com-
pany owns valuable docks, elevators, warehouses,
etc., in West Superior and Duluth; all the capital
stock and bonds of the Duluth Terminal Ry. Co.,
with 1.78 miles of road and valuable right of way,
giving access to the heart of Duluth and the bay
front. The company has trackage rights over the
Great Northern Ry. from Hinckley, Minn., to Minne-
apolis and St. Paul, 109.97 m., and use of terminal
facilities in those cities, under ninety-year contract.
Also uses 0.83 m. of the Northern Pacific Ry., across
the St. Louis River Bridge to a junction with the C.,
St. P., M. & O. Ry., and 0.03 m. of the latter to
affect a connection with the Duluth Terminal Ry.,
the 1.78 m. of which are then used to gain entrance
into Duluth. Total length of line operated, 185.00
miles. Rolling stock, June 30, 1897.— Locomotives,
27. Cars— passenger (coaches, 6; parlor, 3; sleeping,
4; combination. 4), 17; baggage, mail and express, 4;
freight (box, 993; flat and coal, 493; refrigerator, 4;
caboose, 12), 1,502; service, 12— total cars, 1,535.
Gross earnings, year ending June 30, 1897, $1,867,718.
Operating expenses and taxes, $967,283. Net earn-
ings, $900,435; other receipts, $46.077— total, $946,-
512. Payments: Rentals, $84,373; interest on bonds,
$235.000; dividends (12 p. c.). $600,000; other charges,
$2,552— total, $921.925. Surplus, $24,587; surplus
forward, $1.435.632— total, $1,460,219. Rentals paid
were: Great Northern Ry., $83,273; Northern Pacific
Ry.. $500; Superior Short Line (C., St. P., M. & O.
Ry.), $600-total, $84,373.40.

General Balance Sheet, June 30. 1897.
Cr.

Capital Stock (par, $100) $5,000,000 00

Funded Debt 4,700,000 00

Other Liabilities 73 86

Current Accounts 60.126 78

Interest Accrued, not Due 58.750 00

Unpaid Coupons 3,750 00

Vouchers and Pay-Rolls 151,72099

Taxes Accrued, not Due 27,539 04

Fund for Renewals Ill 049 16

Profit and Loss 1 ,460,218 85

Total Liabilities $11,513,101 90

Dr.

Railroad Docks and Elevators $8,973,057 84

Cost of Rolling Stock 1,120,875 22

Stocks and Bonds 367.695 78

Materials and Fuel 43,510 56

Other Assets 13,240 23

Bills Receivable 12.00:) 00

Current Accounts 967.45322

Cash on Hand 15,269 05

Total Assets $11,513,101 9O

Funded debt, 1st division 1st mtge. 5 p. c. 20-yr.
$1,000 gold coupon (with privilege of registration)
bonds, due April 1, 1908, interest April and Oct.
These bonds cover the company's 1st division and all
its terminal property in West Superior or Duluth,
now owned or hereafter constructed or acquired,
together with all equipment, appurtenances, etc.
Principal and interest guaranteed by the St. P., M.
& M. Ry. Co. Coupons payable by Lee, Higginson &
Co., Boston, or at 27 and 29 Pine St., New York,
N. Y. Trustee: Central Trust Co., New York. Pro-
vision has been made for an issue of $15,000,000 of
4 p. c. 50-yr. gen. intge. bonds to provide for future
requirements of the company, including the retire-
ment of the outstanding 1st mtge. bonds, and in
March, 1898, a contract was made for the sale of
$5,000,000 of these 4 p. c. bonds to provide the
means for building an extension from Fosston, Minn.,
to Duluth. Samuel Hill,. Pres., Minneapolis, Minn.;
J. N. Hill, Vice-Pres., Duluth, Minn.; E. Sawyer,
Sec. & Treas.; Robt. I. Farrington, Compt., St. Paul,
Minn. General Office, St. Paul, Minn.

DULUTH TERMINAL RY.— In Duluth, Minn.,
1.78 m.; total track (steel; 75 Ibs.), 5.09 miles.
Gauge, 4 ft. 8i in. Organized Aug. 11, 1887. The
company supplies tracks for terminal facilities to
other roads. Income, year ending June 30, 1897,
$31.138. Expenses and taxes, $17,638. Net earn-
ings, $13,500. Paid interest on bonds, $10,500; divi-
dends (6 p. c.), $3,000— total, $13,500. Financial
Statement, June 30, 1897.— Capital stock authorized
and paid in (shares, $100), $50,000; funded debt, 1st
mtge. 6 p. c. 20-yr. cy. bonds, due May 1, 1909, int.
M. & N., $175,000; interest accrued not due, $1,750;
fund for renewal of bridging, $16,382; advances ac-
count construction for which bonds may be issued,
$91.779— total, $334,911. Contra: Cost of road, $316,-
779; current accounts, $17,133; other assets, $999-
total, $334,911. The stock is owned by the Eastern
Ry. of Minn. Samuel Hill, Pres., Minneapolis,
Minn.; E. Sawyer, Treas. & Sec.; R. I. Farrington,
Comp., St. Paul, Minn.; G. T. Slade, Supt., West
Superior, Wis. General Office, St. Paul, Minn.
Operating Office, West Superior, Wis.

Minneapolis) Union Ry.— University Switch,
East Minneapolis, to First Street, Minneapolis. Minn,
(double track), 2.63 m.; total track (steel; 75 Ibs.),
9.91 miles. Gauge, 4 ft. 8i in. Organized Nov. 28,
1881; opened bridge over the Mississippi River, Sept.
1, 1884. The business of the company is to supply
depot and terminal facilities to other companies. The
property is now used by the Eastern Ry. of Minne-
sota, the Great Northern Ry., the C., St. P., M. &
O. Ry., the C., B. & N. RR., the Northern Pacific
RR., and the Wisconsin Central Lines. Income Ac-
count, year ending June 30, 1897.— Rental, $240.170;
other receipts, $202— total, $240,372. Payments: Ex-
penses and taxes. $44,800; interest on bonds, $161,-
500; dividends (6 p. c.), $30,000— total, $236,300.
Surplus, $4,072; surplus forward. $309,749— total,
$313,821. Financial Statement. June 30. 1897.— Capi-
tal stock (auth., $1,000.000). $500.000; funded debt,
$2.800.000; current accounts, $3.867; wages. $330;
interest, $80.810; profit and loss. $313.821— total. $3.-
698.828. Contra: Cost of property. $3,289.788; ma-
terials, $463; current accounts, $357,574; cash. $51.-
003— total, $3,698,828, The funded debt ($3,000,000

POOR'S MANUAL — ILLINOIS CENTRAL RR, co.

469

auth.), consisted June 30, 1897, of six issues of 1st
ratge. $1,000 gold coup, bonds, all dated March 1,
1882, and due July 1, 1922, as follows: $1,500,000 6s,
issued May 1, 1882; $650,000 6s, issued July 1, 1884;
$500,000 5s, issued Dec. 6, 1887; $20,000 5s, issued
Dec. 15, 1887; $30,000 5s, issued Jan. 3, 1888; and
$100,000 5s, issued Jan. 4, 1892. Interest on all
issues payable Jan. and July, at 27 and 29 Pine St.,
New York, N. Y. Trustee of bonds: Central Trust
Co., New York, N. Y. James J. Hill, Pres.; Samuel
Hill, Vlce-Pres.; E. Sawyer, Sec. & Treas., St. Paul,
Minn. General Office, St. Paul, Minn.

Minneapolis "Western Ry.— In Minneapolis,
Minn., 1.69 m. ; total track (steel ; 68 Ibs.), 5.68
miles. Chartered Oct. 25, 1894. This company per-
forms a general switching and transfer service; has
direct connection with G. N. Ry., C., M. & S. P.
Ry., C. G. W. Ry., and with all other lines into
Minneapolis, via Great Northern Ry. The entire
capital stock is owned by the Great Northern Ry.
Co. Locomotives, 2. Earnings (switching and de-
murrage), year ending Dec. 31, 1896, $63,364. Ex-
penses and taxes, $29,770. Net earnings, $33.594;
other receipts, $10,007— total, $43,601. Payments:
Interest on bonds. $25,000; rentals. $1,753— total,
$26,753. Surplus, $16,848. Financial Statement, Dec.
31, 1896.— Capital stock (shares, $100) authorized and
paid in, $250,000; funded debt (1st mtge. 5 p. c. 20-
yr. $1,000 coupon bonds, due July 1, 1911, interest
Jan. and July, at 27 Pine St., New York, N. Y., and
Baring Bros. & Co., London, Eng. ; auth., $1,000,000),
$500, 000; unpaid coupons, $12,500; other liabilities,
$3,063; taxes not due, $1,266; profit and loss, $34,431
—total, $801,260. Contra: Cost of road, etc., $740,-
477; materials, etc., $1,568; cash to pay coupons,
$12,500; other assets, $46,685— total, $801,260. Trus-
tee of bonds: Minneapolis Trust Co., Minneapolis,
Minn.; Samuel Hill, Pres. & Gen. Mgr., Minneapolis,
Minn.; W. P. Clough. Vice-Pres.; E. Sawyer, Sec. &
Treas., St. Paul, Minn. General Office, St. Paul,
Minn.

• Montana Central Ry.— Sun River to Helena,
Mont., 96.69 m.; Helena to Putte, 72.78 m.; Great
Falls to Sand Coulee, 14.53 m.; Allen to Neihart,
56.25 m.; Monarch to Barker, 10.79 m.; Red Moun-
tain Branch at Helena, 1.47 m.; Fairground Branch
at Helena, 0.85 m. ; branch to Mountain View Mines
near Butte, 3.38 m.— total, 256.74 m.; total track
(steel, 301.28 m.), 302.26 miles. Gauge, 4 ft. 8} in.
Rail, 60, 68 and 75 Ibs. Company has trackage rights
over 4.05 m. of the Great Northern Ry., from Sun
River to Junction with Sand Coulee Branch; total
line operated, 260.79 miles. Organized Jan. 25, 1886.
Main line opened late In 1887; branches, 1888 to 1893.
(See Manual for 1893.) Controlled by the Great
Northern Ry. Co. through ownership of the entire
capital stock. Locomotives, 23. Cars— passenger, 6;
combination, 2; baggage, etc., 2; freight (box, 100;
stock, 50; ore, 100; flat and coal, 600; ballast with
coal sides, 400), 1,250; caboose, 28; service, 4 — total,
1,292. Gross earnings, year ending June 30, 1897,
$1,932,443. Expenses and taxes, $1,329,988. Net
earnings, $602,455; other receipts, $1,169— total,
$603.624. Payments: Rentals, $3,600; interest on
bonds, $495,000; other charges, $738— total, $499,338.

Surplus, $104,286; deficit forward, $107,789; net
deficit, $3,503.

General Balance Sheet, June 30, 1896.
Cr.

Capital Stock (par, $100) $5,000,000 00

Funded Debt Outstanding (see below) . . 8,700,000 00
Coupons, due July 1, 1897, and prior. . . 249,385 00

Taxes not yet Due 12,628 53

Fund for Renewals 23,736 55

Auditor's Vouchers and Pay Rolls 128,496 58

Adv. Acct. Construction for which
Bonds may be Issued 434,329 92

Total Liabilities : $14,548,576 55

Dr.

Cost of Road and Equipment $14,134.329 92

Materials and Fuel on Hand 42,825 62

Current Accounts 341,355 56

Cash on Hand 26,562 36

Profit and Loss 3,503 09

Total Assets $14,548,576 55

Funded debt, 1st mtge. 50-yr. $1,000 gold coup,
(with registration privilege) bonds, due July 1, 1937,
$6,000,000 bearing 6 p. c., and $2,700,000 5 p. c.
interest, payable Jan. and July, at 27 and 29 Pine
St., New York, N. Y. Trustee of bonds and register-
ing agent: Central Trust Co., New York, N. Y.
James J. Hill, Pres., St. Paul, Minn.; A. J. Shores,
Vice-Pres., Gt. Falls, Mont.; E. Sawyer, Treas.; F.
E. Ward, Sec.; Robt. I. Farrington, Compt., St. Paul,
Minn.

U illnuir and Sioux Falls Ry.— Willmar,
Minn., to Yankton, S. D., 205.25 m.; total track
(steel, 205.25 m.), 220.69 miles. Rail. 56 Ibs. Gauge,
4 ft. .si In. Organized March 3. 1886; road opened
Nov. 1, 1888. Extension from Sioux Falls to Yank-
ton, S. D., 58.34 miles, opened Nov. 1, 1893. Con-
trolled by the Great Northern Ry. Co., which owns
all the stock. Grose earnings, year ending June 30,

: 1897, $616.934. Expenses and taxes, $284.933. Net
earnings, $332,001. Payments: Interest on bonds,
$182,300; other interest, $2,800; dividends (10 p. c.),

\ $150.000— total, $335,100. Deficit. $3.099; surplus
forward, $218.518; net surplus, $215,419. Financial
Statement, June 80. 1897.— Capital stock (par, $100),
$1.500,000 funded debt (1st mtge. 5 p. c. 50-yr. $1,000
gold coup, bonds, due June 1, 1938, int. J. & D.), $3,-
646,000; current accounts, $34,864; interest accrued,
$15,192; profit and loss, $215,419— total, $5,411.475.
Contra: Cost of road, $5,411,375; real estate, $100—
total, $5,411,375. The Great Northern and St. P., M.
& M. Ry. Cos., under an agreement dated Dec. 1. 1892,
guarantee by endorsement the principal and the in-
terest of this company's bonds, the rate of interest
having been reduced from 6 p. c. to 5 p. c. on the
date mentioned. Interest payable at 27 and 29 Pine
St., New York. Trustee of bonds: Central Trust Co.,
New York, N. Y. W. P. Clough, Pres.; E. Sawyer,
Sec. & Treas.; Robt. I. Farrington, Compt., St. Paul,
Minn. General Office, St. Paul, Minn.

Board of Directors, Great Northern Ey. Co.

Term expires in Oct., 1898.
Jacob H. Schiff.. . .New York, N. Y.

Lord Strathcona and)
Mount Royal (

encoe, Scot.

Term expires in Oct., 1899.

James J. HilK St. Paul, Minn.

W. P. Clough " "

Samuel Hill. Minneapolis, Minn.

Term expires in Oct., 1900.
J. Kennedy Tod. . .New York, N. Y.

Edward Sawyer St. Paul, Minn.

M. D. Grover " "

Henry W. Cannon. . .New York, N. Y.

JAMES J. HILL, President St. Paul, Minn.

W. P. Clough, Vice-President " "

Treasurer <t Asst. Sec.—E. Sawyer St. Paul, Minn. I Comptroller— R. 1. Farrington St. Paul, Minn.

Sec. & Asst. Treas.— E. T. Nichols New York, N. Y.

PRINCIPAL OFFICE AND ADDKESS St. Paul, Minn.

ILLINOIS CENTRAL RAILROAD COMPANY.

( Chicago, 111., to Cairo, I1L 364.73 m.

^Centralia, 111., to Dubuque, la. . .340.77 m.— 705.50 m.

( Cairo, 111., to New Orleans, La 547.79 m.

Other lines owned or leased and operated 1,876.92 m.— 3,130.21 miles.

2d, 3d, 4th, 5th, 6th, 7th, and 8th tracks, 203.22 m.; sidings, etc., 842.23 miles. Gauge, 4 ft.
84 in. Rail (steel, 3,938.20 m.), 50 to 75 Ibs.; average, 65.43 Ibs.

Main Lines
of Road :

470

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement in detail of the lines comprised in the Illinois Central System, June 30, 1897:

Illinois Central RR. (705.50 miles): Miles

Centralia, III., to Dubuque, la 364.7d

Chicago, Div., Chicago to Cairo, 111 340.77

South Chicago Branch :

Parkeide to South Chicago, 111 4.76

Blue Mand RR:

Kensington to Blue Line, 111 3.96

Hound City Ry.:

Mound C'ity Junction to Mound City, 111 2.87

Kankakee & Southwestern RR. (131.26 m.):

Otto to Normal Junction, 111 79.46

Kempton June, to Kankakee June., Ill 41.80

Buckingham to Tracy, 111 10.00

Rantovl RR.:

West Lebanon, Ind., to Leroy. Ill 74.40

Chicaao and Springfield RR :

Oilman to Springfield, 111 111.47

Chicago, Havana & Western RR. (131.62 m.):

Havana to Champaign, 111 100.58

White Heath to Decatur, 111 31.04

Chicago, Madison & Northern RR. (231.30 m.):

Freeport, 111., to Madison, Wis 61.80

Cedarville, Jc., 111., to Dodge*ille, Wis 57.36

Freeport, 111., to Clarke St., Chicago 112.14

Total Northern Lines 1,397.14

Dubuque & Sioux City RR. (524.01 m.):

Dubuque to Sioux City, la 326.58

Onawa, la., to Sioux Palls, S. D 155.58

Cedar Rapids to Manchester, la 41.85

Cedar Falls & Minnesota RR. :

Cedar Falls Jc., la., to Minn. State Line 75.58

Total Western Lines 599.59

Chic., St. L. & New Orleans RR. (664.99 m.): Miles.

Cairo, 111., to Canton, Miss 341.13

Canton, Miss., to New Orleans, La 206.76

Memphis Div., Grenada to Memphis 100.00

Duraut to Kosciusko, Miss 17.20

Canton, Aberdeen & Nashville RR.:

Aberdeen to Kosciusko, Mfss 89.06

Yazoo & Miss. Vol. RR., Tazoo Div. (140.36 m.):

Jackson to Parsons, Miss 115.69

Durant to Tchula, Miss 24.67

Total Southern Lines 894.41

St. L., Alton & T. H. RR. (Belleville Br.):

East St. Louis to Belleville, III 14.40

Belleville & Southern Illinois RR.:

Belleville to Du Quoin, 111 56.40

Belleville & Eldorado RR.:

Du Quoin to Eldorado, 111 50.20

Belleville & Carandelet RR.:

Belleville to East Carondelet, 111 17.30

St. Louis Southern RR.:

Pinckneyville via Murpbysboro' to Carbondale,

111 30.00

Carbondale A Shawneetown RR.:

Marion to Carbondale, 111 17.24

Chicago, St. Louis & Paducah Ry.:

Marion to Brooklyn, 111 53.50

Total St. Louis Division. . . . 239.04

Total of all Lines 3,130.21

History. — Illinois Central RR. Co. chartered Feb. 10, 1851; Dubuque line opened June
11, 1855 ; through line to Cairo, Sept. 27, 1856. A statement showing the progress of con-
struction was published in the MANUAL for 1889, p. 440. The subsidiary lines were added to
the system on various dates and under different conditions, as shown in the MANUAL for 1897,
p. 453 et seq. The Mound City Ry. was purchased in 1882, but operated separately until July
1, 1896. All the lines operated by the company in connection with its main lines are con-
trolled by it nominally under lease or through stock ownership, but are practically parts of
the Illinois Central property. For these no statements are published in the MANUAL.

The charter exempts the property of the Illinois Central RR. Co. from taxation, but in
lieu thereof requires the payment to the State of Illinois of a yearly amount equal to 7 p. c.
of •the gross receipts of the 705.50 miles of railroad owned. The sum so paid during the
years from 1855 to June 30, 1897, inclusive, equalled $16,439,056.13. During the same period
the stockholders received $80,729,361.59 in cash dividends. The following statement shows
for the past thirty-five years, since the original shares became full paid, the amount of
capital stock outstanding at the close of each fiscal year, together with the amounts and
rates per cent, of the cash dividends paid in every such year :

YEARS.

Capital
Stock.

DIVIDENDS.

YEARS.

Capital
Stock.

DIVIDENDS.

Rate.

When
Payable.

Amount.

Rate.

When
Payable.

Amount.

$

p. c.

$

$

p. c.

$

1863— Dec. 31

17,243,700

4

F. & A.

973,555 95

1881-Dec. 31

29,000,000

7

M. &S.

2,030,000 00

1864

20,808,100

8

1,665,830 01

1882

29,000,000

11

3,190,000 00

1865

23,374,400

10

2,236,584 21

1883

29,000,000

10

2,900.00000

1866

23,386,450

10

2,459,678 96

1884

29,000,000

8

2,320,000 00

1867

23,392,300

10

2,460,731 58

1885

29,000,000

8

2,320,000 00

1868

25,277,270

10

2,461,568 42

1886

29,000,000

7

2,030.000 00

1869

25,278,710

10

2,660,247 37

1887

40,000,000

7

2,450,000 00

1870

25,280,240

10

2,594,391 59

1888

40.000,000

6

2,400,000 00

1871

25,280,510

10

2,726,558 98

1889— June 30

40,000,000

3

March

1,200,00000

1872

25,483,890

10

2,537,700 00

1890

40.000,000

6

S. &M.

2,400,000 00

1873

27,250,000

10

2,547,930 00

'1891

40,000.000

5

2,250,000 00

1874

29,000,000

8

2,165,533 79

1892

40,000,000

5

2,250,000 00

1875

29,000,000

8

2,319,476 00

1893

50,000,000

5

2,500,000 00

1876

29,000,000

8

2,320,000 00

1894

50,000,000

5

2,500,000 00

1877

29,000.000

4

1,160,00000

1895

50,000,000

5

2,500,000 00

1878

29,000,000

6

M. &S.

1,740,000 00

1896

52,500,000

5

2,562,500 00

1879

29,000,000

6

1,740,000 00

1897

52,500,000

5

2,625,000 00

1880

29,000,000

6

1 740 000 00

Total.. ..

78,937.346 86

POOR'S MANUAL — ILLINOIS CENTRAL RR. CO. 471

Since June 30, 1897, the following railroads have been added to those operated directly
by the Illinois Central RR. Co. :
Louisville Division of the Chicago, St. Louis and New Orleans RR.:

Short Route Ry. Transfer : In Louisville, Ky 1.52 m.

Cecilia Br., L. & N. RR. (leased) : Louisville to Cecilia June., Ky. 45.48 m.

C., O. & S. W. RR.: Elizabethtown, Ky., to Memphis, Teim. . .351.12 m.

Owensobro', Falls of Rough and Green River RR. : Owensboro'to

Horse Branch, Ky 42.16 m. — 440.28 miles.

Hodgenville and Elizabethtown Ry.: .

Hodgenville to Elizabethtown, Ky 11.10 "

Troy and Tiptonville RR :

Moffnt to Troy, Tenn 4.60 "

Ohio Valley Ry.:

Evansville, Ind., to Princeton, Ky 98.63 m.

Morganfield to Uniontown, Ky 7.50 m.

De Koven, Ky., to Ohio River 2.00m.'

Grace? to Hopkinsville, Ky 10.06 m.

Leased from L. & N. RR. : Princeton to Qracey, Ky 20.70 m.— 138.89 "

Chicago and Texas RR. :

Johnston City to East Cape Girardeau, 111 73.00 m.

Mobile Junction to Garrison Shaft 2.00 m. — 75.00 "

The total length of these lines is 669.87 miles ; making the aggregate of all lines operated
directly by the Illinois Central RR. Co., April 1, 1898, 3,800.08 miles.

The Ohio Valley Ry. was sold under foreclosure July 13, 1897, and was bid in for
account of the bondholders. On Aug. 1, 1897, the Illinois Central RR. Co. began to operate
it "as agent for the owners." The Chicago and Texas RR. is operated under lease by the
Illinois Central RR. Co., since Oct. 1, 1897.

The Louisville Division of the Chicago, St. Louis and New Orleans RR. is made up of the
former Chesapeake, Ohio and Southwestern RR. and lines affiliated therewith. As stated in
the MANUAL for 1897, page 469, the second mortgage of the Chesapeake, Ohio and South-
western RR. Co. was foreclosed on July 25, 1896. The Owensboro, Falls of Rough and Green
River RR. was sold under foreclosure of its first mortgage on April 9, 1897, and the Short
Route Ry. Transfer under foreclosure of its first mortgage on June 1, 1897. In Aug., 1897,
the owners of a majority of the C., O. & S. W. RR. Co.'s 1st mtge. bonds dated Jan. 28, 1882,
exerdsed their right under the provisions of the mortgage to declare the principal of those
bonds due and payable, interest on them being in default for more than -six months. In this
way the Chesapeake, Ohio and Southwestern RR. was freed of all liens, the $500,000 1st
mtge. bonds of the old Paducah and Elizabethtown RR. having matured on Feb. 1, 1897.
On Sept. 15, 1897, the owners of the Chesapeake, Ohio and Southwestern RR., Owensboro,
Falls of Rough and Green River RR. and Short Route Ry. Transfer, deeded those properties
to the Chicago, St. Louis and New Orleans RR. Co. for the sum or consideration of
$18,888,000, payable in 1st mtge. bonds secured on the property. Simultaneously with that
transaction a joint mtge. of the property was executed by the Chicago, St. Louis and New
Orleans and the Illinois Central RR. Cos. to secure a total authorized issue of $25,000,000
Louisville Division and Terminal 1st mtge. bonds, and a lease of the property for 99 years
from July 1, 1897, was made by the Chicago, St. Louis and New Orleans RR. Co. to the
Illinois Central RR. Co.

After the foreclosure sale of the C., 0. & S. W. RR., the Illinois Central RR. Co. pur-
chased a controlling interest in the securities of the Hodgenville and Elizabethtown Ry. Co.
and Troy and Tiptonville RR. Co. See separate statements for these on p. 480.

In April, 1896, the Illinois Central RR. Co. leased for 99 years from Oct. 1, 1895, the
railroads of the St. Louis, Alton and Terre Haute and the Belleville and Southern Illinois RR.
Cos. under terms as shown in the MANUAL for 1897, p. 461. Provision was made for an issue
of $15,000,000 St. Louis Division bonds, $5,000,000 of them bearing 3 p.c. interest, to be used
for funding the rent under the lease and the remainder reserved for prior iiens and to complete
the ownership in the property. This lease carried with it the control of six other small railways
which had been operated by the St. Louis, Alton and Terre Haute RR. Co. under separate leases
for rents based on varying percentages of their gross receipts, the whole aggregating 239 miles

472 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

in length. (See MANUAL for 1897, pages 467 and 1277.) During the past fiscal year the Illinois
Central RR. Co. decided to acquire the complete ownership in this system and provide for the
retirement of about $7,858,000 bonds outstanding thereon. Accordingly contracts were made
in May, 1807, for the sale of not exceeding $10,000,000 of bonds, to be used as to $6,500,000
of them for the retirement, at a price not exceeding 108 p. c., of the outstanding 1st mtge.
bonds of the St. Louis, Alton and Terre Haute RR. Co, and its leased and controlled compan-
ies, and as to the remaining $3,500,000 for completing the acquisition of the St. Louis Divi-
sion property and providing for additions and betterments thereto. By means of an issue of
interim certificates for these bonds substantially all the outstanding shares of the six railways
before mentioned were acquired and those roads were deeded to the St. Louis, Alton and Terre
Haute RR. Co. on Sept. 10, 1897. On Sept. 15, 1897, under a supplemental lease for 99 years
from Oct. 1, 1895, the roads thus acquired were transferred by the St. Louis, Alton and Terre
Haute RR. Co; to the Illinois Central RR. Co., and simultaneously with the lease a joint
mortgage of the entire St. Louis Division property was executed by the St. Louis, Alton and
Terre Haute and Illinois Central Companies to secure a total authorized issue of $15,000,000
St. Louis Division and Terminal 1st mtge. bonds. An amount of these bonds has been set
aside sufficient to take up the interim certificates for St. Louis Division bonds issued to fund
the rent under the lease of 1895 and to discharge the underlying bonds secured on the St.
Louis Division property. The rest of the bonds were delivered to the Illinois Central RR.
Co. to reimburse that company the cost of the shares of St. Louis, Alton and Terre Haute
subsidiary stocks which had been acquired and for which interim certificates for St. Louis
Division and Terminal bonds had been issued, and to provide for the retirement of $1,855,000
3d mtge. and consol. mtge bonds secured on the same roads. These 3d mtge. and consol.
mtge. bonds are included in the $7,858,000 prior lien bonds referred to before.

Rolling Stock, June 30, 1897. — Locomotives, 693. Cars — passenger, 335 ; smoking, 61 ;
baggage and smoking, 14 ; baggage, mail and express, 103 ; postal (3 owned jointly), 32 ;
pay, 2 ; business, 9; instruction, 1 ; old cars, 18 ; freight (box, 11,538 ; stock, 1,044 ; fruit,
1,009; refrigerator, 1,030 ; flat, 975; coal, 7,118 ; caboose, 351), 23,065 ; work, 170— total
cars, 23,235.

Operations, year ending June 30, 1897.— Gross earnings from traffic, $22,110,937.04.
Operating expenses, $15,735,884.39. Net earnings, $6,875,052.65 ; add net receipts from sale
of lands, $53,440.09 ; income from investments and miscellaneous profits, $2,068,896.25 ;
from investments in surplus dividend fund, $41,860 — total, $8,539,248.99. Payments : In-
terest and sinking fund, $3,239,972.37 ; rent, C., St. L. & N. 0. RR., $1,648,905 ; rent of
Dubuque and Sioux City RR., $531,193.35 ; of St. L., A. & T. H. RR., $340,627.30 ; dividends
(March and Sept., 1897, 2^ p. c. each), $2,625,000 ; set apart for betterments, $150,000— total,
$8,535,698.02. Surplus, $3,550.97 ; surplus dividend fund from last year, $920,910.96— total,
$924,461.93, ca/ried forward to surplus dividend fund and applicable to future dividends.

General Balance Sheet, June 30, 1897.
Permanent Expenditures ($118,469,629.04) :

Illinois Central RR $50,476,225 35

Chicago and Springfield 1,701,06426

Kankakee and Southwestern RR 1,436,578 41

South Chicago RR 245,640 48

Blue Island RR 65,234 68

Chicago, Havana and Western RR... 1,832,57484

Rantoul RR 575,67233

Chic., Mad. & Nor. RR 10,043,59908

Chic., St. Louis and N. O. RR 35,119,578 16

Canton, Aberdeen and Nashville RR. 1,904,587 63

Yazoo & Miss. Vy. RR. (Yazoo Branch) 2,324,539 18
Lien on IV & S. C. R., to secure 4 p.

c. Wostern Line Bonds 5,425,000 00

it. L., A. & T. H. RR. Leas«d Lines.. 7,306,592 91

Mound City Railway 12,74173

Stocks Owned 6,074,049 94

Bonds Owned 42,355,637 25

Net Assets 1,561,856 00

Materials and Supplies 1,71016980

Ch., Ohio & S. W. RR. Reorganization. 706,043 09

Assets in Surplus Dividend Fund 924,461 93

Assets in Insurance Fund 409,526 72

Total $T72.211,373~77

Capital Stock, 111. Central RR. Co ...... $52,500,000 00

Funded Debt, 111. Central RR. Co ...... 87,919,925 00

Leased Line Stock of 111. Cent. RR. Co. 10,000,000 00
Funded Debt, C., St. L. d N. O. RR.:

7 p. c. Bonds of 1897 ................. 1,359,000 00

6 p. c. Bonds of 1907 .................. 80,000 00

5 p. c. Gold Bonds of 1951 ............ 11,289,000 00

4 p. c. Gold Bds. of 1951, Memphis Div. 3,500,000 00

Past Due Bonds ....................... 6,000

Dividend Payable Sept. 1, 1897 ......... 1,312,500

Surplus Dividend Fund ................. 924,461 93

Insurance Fund ......................... 409,526 72

Betterments Fund ...................... 150,000 00

Profit and Loss ......................... 2,760,960 12

00
00

Total $172,211,378 77

POOR'S MANUAL — ILLINOIS CENTRAL RR. CO.

473

Statement of operations and capital account for seven fiscal years ending June 30 :

1891

1892

1893

1894

1895

1896

1897

Miles RR. Oper. .
Pasf.Tr.Mileage.
Frgt. Tr. Mileage
Total En.Mil'ge
Pass. Carried
Pafs. One Mile.. .
Fgr. (tons) Moved
Fgt. (ton) Miles..

Pass. Earnings. . .
Freight Earnings.
Other Earnings..

Gross Earnings
Exp'nses & Taxes

Net Earnings
Other Receipts. ..

Av'ilable Rev'nue
Int. & Siuk. Fund
Lease Rentals
Improvements . . .

2,875 18
5,805,488
10,088,055
20,018,384
10,108.375
183,875,079
6,948,867
1,302,002,213
$
3,812,339 80
12,160,600 82
1,908,614 75

2,88344
6,135,574
10,207,375
20,775,908
11,912,463
208,836,686
7,519,192
1,411,375,499
S
4,388,269 44
12,809,972 70
2,093,517 99

2,88830
6,393,546
9,933,841
21,289,842
17,661.828
257,744,648
8,180,853
1,512,542,558
$
5,151,398 02
12,781,201 03
2,162,591 64

2,88830
6,978,456
9,281,048
20,195.318
22,897,476
317,711,176
7,366,637
1,460,551,031
*
6,116,603 33
12,258,612 08
2,287,248 37

2,88830
6,040,674
'9,522,990
19,401,065
11,391,733
195,924,818
7,901,392
1,586,080,584

3,908,348 30
12,821,210 54
2,327,435 3-1

3,06758
6,602,879
11,105,179
22,073,911
12,812,206
222,034,712
9,659,213
2,018,129,060

4,394,771 31
15,038,108 64
2,579,967 40

3,13021
7,121,614
11,668,888
23.354,7a5
12,827,205
212,985,073
9,948,367
2,258,388,132
$
4,214,461 45
15,162,01866
2,734,4o6 93

17,881,554 77
12,761,04637

19,291,760 13
14,070,019 66

20,095,190 69
14,283,934 35

20,657,463 78
14,369,415 93

19,056,994 18
13,268,530 71

23,002.842 35
14,962,275 77

22,110,937 04
15,735.884 39

5,120,508 40
1,198,014 13

5,221,74047
974,771 89

5,811,256 34
1,326,491 80

6,288,047 85
1,906,445 55

5,788,463 47
1,642,44250

7,040,566 58
1,918,463 42

6,375,052 65
2,164,19634

6,318,522 53
1,512,425 00
2,556,208 83

6,196,512 36
1,509,925 00
2,422,179 58

7,137,748 23
2,127,425 00
2,381,663 64

8,194,493 40
2,715,26500
2,515,952 85

7,430,905 97
2,807,84500
2,120,144 41

8,959,030 00
2,982,808 87
2,890,495 70
422,50000
2,562,50000
100,72543
7,172 70
4,877 55
2,295 15
68.00 p. C.
1.98C.
0.75 c.
$
52,500,000 00
103,738,925 00

8.539,24899
3,239,97237
2,520,725 65
150,00000
2,625,000 00
3,55097
7,06372
5,02710
2.03662
71. 17 p. c.
1.98c.
0.67C.
$
52,500,000 00
114,153,92500

Dividends

2,250,000 00
def. Ill 30
6,219 38
4,43834
1,781 04
71.36 p. C.
2.07 c.
0.93C.
. $
45,000,000 00
62,735,000 00
1,417,138 57
900,00000
210,926 05
5,326 01

2,250,000 00
14,407 78
6,69054
4,879 60
1,810 94
72.93 p. c.
2.10e.
0.91 c.

45,000,000 00
63,218,000 00

"i, '125,000 66

825,333 83
99,594 72

2,250,000 00
128,659 59
6,957 44
4,94545
2,011 99
71 .08 p. C.
2.00C.
0.85c.

50,000,000 00
88,170,00000
91,17514
1,250,00000
353,993 42
147,699 9«

2,500,000 00
463,27556
7,158 12
4,97504
8,17708
69.56 p. c.
1.93c.
0.84 c.
$
50,000,000 00
92,635,000 00
190,940 19
1,250,00000
817,268 97
195,367 26

2,500,000 00
2,916 56
6,59800
4,*93 89
2,00411
69.63 p. c.
1.99C.
0.81 c.
$
50,000,000 00
96,355,00000
3,772,327 86
1,250,00000
820,ia553
263,970 62

Surplus

Gross Earn. p. M.
Gross Exp. p. M..
Net Earn. p. Mile
Exp. to Earnings.
Av.R.p.Pass.p.M.
Av.R.p. Ton p.M.

Capital Stock
Funded Debt
Net Liabilities...
Sept. Dividend.. .
Surplus Div.Fnnd
Insurance Fund..
Betterment Fund.
Profit and Loss . .

Total Liabilit's.

Cost of Prop., etc.
Materials, etc
Stocks & Bonds. .
Net Assets
Div. Fund Assets.
Ins. Fund Assets.
C.,O.&SW. Reor.

Total Assets...

1,312,50000
920,910 96
342,162 13
422,50000
2,710,960 12

1,312,50000
924,461 93
409,526 72
150,00000
2,760,960 12

4,543,966 24

4,159,96012

2,560,960 12

2,610,960 12

2,660,960 12

114,812,356 87

93,079,504 38
958,214 40
20,558,386 03

2l6,926'05
5,336 01

113,827,888 67

94,961,22966
1,227,751 28
13,418,622 5a
3,895,356 65
225,33383
99,59473

142,573,828 64

99,122,755 58
1,164,16285
41,785,21682

""353,993' 42
147,699 96

147,699,536 54

101,025,34225
1,349,125 57
44,312,432 79

""817,26897
195,367 26

155,122,444 13

104,853,358 71
916,837 12
48,268,092 15

830,185' 53
263,970 62

161,947,958 21

112,053,083 76
1,435,28561
46,892,465 66
304,05009
920,910 96
342,162 13

172,211,37377

128,469,62904
1,710,16980
48.429,687 19
1,561,85600
924,461 93
409,526 72
706,043 09

114,812,356 87

113,827,888 67

142,573,828 64

147,699,536 54

155,122,444 13

161,947,958 21

172,211,37377

Surplus Income and Investment Account, year ending June 30, 1897 :

Surplus Dividend Fund, June 30, 1896, as shown in last report $920,910 96

One Year's Interest to June 30, 1897, on Securities in that Fund 41,860 00— $962,770 96

Net receipts during the year ending June 30, 1897 —

From the Operation of the Railway 6,375,052 65

From the Laud Office. 53,44009

From Investments and Miscellaneous Profits 2,068,896 25— 8,497,388 99

Total

Interest on Bonds —
Oct. 1, 18%, and April 1, 1897, on 4 p. c. Sterling Bonds $100,000 00

$9,460,159 95

Jan. 1 and July 1, 1897, on 6 p. c. Springfield Division Bonds 119,370 00

Oct. 1, 1896, and April 1, 1897, on 5 p. c. Sterling Sinking Fund Bonds 171,250 00

Dec. 1, 18%, and June 1, 1897, on 5 p. c. Sterling Bonds 50,00000

Aug. 1, 18%, and Feb. 1, 1897, on 5p. c. Middle Division Bonds 48,400 00

Aug. 1 , 13%, and Feb. 1, 1897, on Western Lines, 4 p . c. Bonds of 1951 179,500 00

Jan. 1 and July 1, 1897, on 4 p. c. 1st Mtge. Bonds 60,00000

Oct. 1,1896, and April 1, 1897, on 4 p. c. Gold Bonds of 1952 600,000 00

Dec. 1, 18%, and June 1, 1887, on 4 p. c. Cairo Bridge Bonds of 1950 120,000 00

Nov. 1, ia%, and May 1, 1897, on 4 p. c. Gold Bonds of 1953 1,000,008 00

Jan. 1 and July 1, 1897, on 3} p. c. 1st Mtge. Bonds . . 87,46500

Jan. 1 and Jury 1, 1897, on 3t p. c. Sterling Bonds 184,31000

Jan. 1 and July 1, 1897, on 2-10 4 p. c. Bonds of 1904 246,600 00

Jan. 1 and July 1, 1897, on 3 p. c. Certificates for St. Louis Division Bonds 148,077 37

Sept. 1, 1896, and March 1, 1897, on 3 p. c. Sterling Bonds 75,000 00— 3,189,972 37

Illinois Central 5 p. c. Sterling Sinking Fund Bonds of 1903 drawn for payment 50,000 00

Continued on page 474.

474 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Rent ofC., St. L. & N. O. RR.—

Nov. I, 1896, and May 1, 1897, Int. on 7 p. c. 1st Mtge. Bonds $9!H3° 55

Dec. 1, 1896, and June 1, 1897, Int. on 6 p. c. 2d Mtge. Bonds 4'800 °°

Dec. 15, 18%, and June 15, 1897, Int. on 5 p. c. Gold Bonds. ^p'SS 55

Dec 1 1896 and June 1, 1897, Int. on 4 p. c. Memphis Div. 1st Mtge. Bonds 140,00000

Dec' l'l896, and June 1, 1897, Int. on 5 p. c. Cairo Bridge Bonds 150,000 00

For account Cairo Bridge Fund Dec. 1, 1896, and June 1, 1897 30,00000

Jan 1 and July 1, 1897, Interest at 4 p. c. on Leased Line Stock 400,000 00

Salaries of Trustees and others ....... •-••••• 1,225 00- $1,648,905 00

Rent of Dubuque and Sioux City RR. (.including $46,733.60 Sinking Fnnd on I. C.

" Western Lines " Bonds) 710,69335

Less Interest on Illinois Central RR. " Western Lines " 4 p. c. Bonds (see above) 179,500 00— 531,193 35

Rent of St Louis, Alton and Terre Haute RR 477,997 67

Less Interest Jan. 1 and July 1, 1897, on I. C. RR., St. L. Div. 3p. c. Bond Certificates

issued for stock deposited (part of $148,077.37, see above) 137,370 37— 340,627 30

Dividend March 1, 1897, on Illinois Central Shares 1,312,500 00

Dividend, Sept. 1, 1897, on Illinois Central Shares 1,312,500 00— 2,625,000 CO

Set apart to provide for Betterments 150,000 00

$8,535,698 02
Surplus Dividend Fund, applicable to Future Dividends 924,461 93

Total $9,460,159 95

Income from Investments and Miscellaneous Profits, year ending' June 30, 1897 :

Credits :

Interest on Bonds— Illinois Central 4 p. c. Gold Bonds of 1953 $24,740 00

Illinois Central " Western Lines " 4 p. c. Bonds 33,946 67

Illinois Central Springfield Division 6 p. c. Bonds 20,406 67

Illinois Central 3 p. c. Sterling Bonds of 1951 16,42762

Chesapeake. Ohio and Southwestern RR. Co. 1st Mtge. 6 p. c. Bonds 364,800 00

St. Louis, Indiana and Eastern RR. Co. 1st Mtge. 6 p. c. Bonds 6,967 83

St. Louis, Alton and Terre Haute RR. Co. 1st Mtge. and Terminal Bonds 18,750 00

Belleville and Eldorado RR. Co. 1st Mtge. 7 p. c. Bonds 4,095 00

St. Louis Southern RR. Co. 1st Mtge. Consol. 5 p. c. Bonds 20,150 00

C., St. L. & N. O. RR. Co. 5 p. c. Gold Bonds 263,300 00

C., St. L. & N. O. RR. Co. Bridge Bonds 150,000 00

L., N. O. & T. Ry. Co. 4 p. c. Bonds 663,280 00

L., N. O. & T. Ry. Co. 2d Mtge. Income Bonds 500,837 00

Cherokee and Dakota RR. Co. 5 p. c. Bonds 155,00000

Cedar Rapids and Chicago RR.-Co. 5 p. c. Bonds 41,500 00

Other Bonds 2,549 62— $2,286,750 41

Interest Collected on Notes Receivable 74,494 57

Interest Collected on Yazoo and Mississippi Valley RR. Notes 17,242 72 — 91,737 29

Dividends on Shares— Chicago, St. Louis and New Orleans RR. Co. Stock 848 00

Illinois Central RR. Co. Stock 115 00

Dubnqne and Sioux City RR. Co. Stock 99,386 00

Mississippi Valley Co. Stock 10,500 00

Other Stocks 8100— 110,93000

Interest on Bonds of Subsidiary Lines pledged to secure $15,000,000 Illinois

Central 4 p. c. Gold Bonds of 1952— $16,350.000 5 p. c. Bonds $817,500 00

Less Interest Collected from Dubuque and Sioux City RR. Co. as above :

On Cherokee and Dakota RR. Co. Bonds $155,000

On Cedar Rapids and Chicago RR. Co. Bonds 41,500— 196,500 00— 621,000 00

South Chicago RR. Co. 5 p. c. Bonds 10,00000

Interest on Canton, Aberdeen and Nashville RR. Co. Note given for Bonds Cancelled. 12,500 00

Interest on Notes given for Advances made the following Companies :

Chicago, Havana and Western RR. Co $16,002 62

Rantoul RR. Co 4,43124— 20,43386— 663,93386

Profit and Loss— D. & S. C. RR. Co 185,639 76

Sterling Exchange 13,78339

Discount onC., O. <fc S. W. Equipment Trust Notes 10,44994

Paducah Union Depot Co. Bonds 50,00000

Sundry Profits 364 51

$260,23760

Less— Sterling Exchange Loan Account ...$14,573 17

Net Discount on Bonds Sold . . 52,739 47

Depreciation of Assets on Revaluation ...'.'.............. 30,437 10

Legal Expenses, Engraving Bonds, Fees to Trust Company, Advertising

and Other Expenses 81,746 73— 179,496 47— 80,741 13

$3,234.092 69
Debits :

Interest on Bills Payable, less Interest on Money Loaned . $424,052 26

Expenses New York Office- Salaries $-4708055

Ordinary Expenses ..30,12977- 77,2103-2

Fixed Charges of Subsidiary Lines written off . 663,9.3386
Balance, representing Net Income from Investments and Miscellaneous Profits' '.'.'.'...'. 2,068,896 25

**- $3,234,092 69

POORS MANUAL— ILLINOIS CENTRAL RR. CO.

475

The following statement shows the stocks and bonds owned by the Illinois Central RR.
Co. on June 30, 1897, and the valuation of the same upon the books of the company :

VALUE.
$11,474 01
10,87t) 00
10,200 00
5,966,509 95
43,125 00
25,00000
6,038 98
825 00

AMOUNT.

Illinois Central RR. Co. Stock and Scrip $10,387 50

Leased Line Stock, I. C. RR. Co 11,000 00

L'hicago, St. Louis and New Orleans RR. Co 10,200 00

Diihuque and Sioux City RR. Co 9,938,600 00

Mi-sissi ppi Valley Co 300,000 00

Chicjigo and Springfield RR. Co 25,000 00

Securities St. Louis, Alton and Terre Haute RR. Co., in suspense 135,800 00

Short Route Railway and Transfer Co 6,600 00

Miscellaneous 19,675 00

Totals ' $10,457,262 50

Mississippi Central Second Mortgage (past due) $600 00

Illinois Central RR. Co. 4 p. c. Gold Bonds of 1953 71,000 00

Illinois Central RR. Western Lines 1st Mtge. 4. p. c. Gold Bonds of 1951 13,000 00

Illinois Central RR. Two-Ten 4 p. c. Gold Bonds of 1904 123,000 00

Ohes'p'ke, O. & S'thwest'n RR. Co. 1st Mtge. 6 p. c. Gold Bonds, due Aug. 1, 1911. . 2,580.000 00

Paducah and Elizabethtown RR. Co. 1st Mtge. 6 p. c. and 8 p. c. Bonds 310,000 00

St. Louis, Indianapolis and Eastern RR Co. 1st Mtge. 6 p. c. Gold Bonds of 1899. . . 123,000 00

St. Louis, Alton* Terre Haute RR. Co 1st Mtge and Term. 5 p. c. Gold Bonds of 1914. 5,000 00

Belleville and Southern Illinois RR. Co. 1st Mtge. Bonds extended 15,000 00

Belleville and Eldorado RR. Co. Bonds 42,000 00

Other Bonds 27,900 00

$3,310,500 00
BONDS PLEDGED—

Cherokee and Dakota RR. Co. 5s .,.,,.,... $3,100,000 00

Cedar Rapids and Chicago RR. Co. 's 5s 830,00000— 3,930,00000

Louisville, New Orleans and Texas Ry. First Mtge. Bonds 16,832,000 00

Louisville, New Orleans and Texas Ry. Second Mtge. Bonds . . 9,104,000 00

Louisville. New Orleans & Texas Ry. Land Grant Income Bonds. 9,904,000 00— 35,840,000 00

Chesapeake, Ohio and Southwestern RR. Co. Securities' deposited under Trust

Agreement of Dec. 28, 1893, to secure Illinois Central RR. Co. Two-ten 4 p. c.

Gold Bonds of 1904 and $1,062.49 Scrip

Chesapeake, Ohio and Southwestern RR. Co. 1st Mtge. 6 p. c. Gold Bonds 3,500,000 00

700

$6,074,049 94

$00000

71,000 00

13,00000

123,000 00

3,029,100 38

310,000 00

123,00000

5,00000

15,000 00

32,595 83

15,401 00

$3,737,697 21
3,930,000 00
24,906,877 55

6,281,062 49
3,500,000 00

$46,580,500 00 $42,355,637 25

Receipts from and expenses of operating the Illinois Central RR., including leased lines
and branches :

RECEIPTS.

Per Cent,
of Total,
1897.

YEAR ENDING JUNE 30.

EXPENSES.

i I •

°^'*JOO

2 i-

YEAB ENDING JUNE 30.

1897.

1896.

1897.

1896.

Freight

68.572
19.060
2.662
2.330
0.384
0.434
0.069
0.004
1.029
0.923
0.023
0.068

0.037
0.004
0.142

$
15,162,018 66
4,214,461 45
588,54350
515,200 08
84,880 60
96,04754
15,190 00
79825
227,478 72
804,01498
5,163 47
13,677 50

8,170 62
9806V
31,312 20

15,028,103 64
4,394,771 31
570,803 80
506,20008
78,823 24
91,803 41
15,314 95
58600
227,194 25
205,64833
5,621 18
17,331 16

10,423 31
1,346 75
130,095 70
19,590 69

51,804 54
647,380 01

Maint, Way & Struct.
Maint. of Equipment.
Pass. Train Expenses.
Freight Train Exp...
Clearing Wrecks
Station Expenses
Snpt'dce Trp. & Trf .
Mis. Exp., Trp. Dep. .
Telegraph Expenses. .
Claims and Damages.
Trackage & Switch'g.
Rent of Terminals . . .
Mileage of Cars (.bal.)
Outside Agencies
Advertising
Salaries Gen. Officers.
Salaries of Clerks, <fec.
Gen. Office Exp.&Sup.
Legal Expenses
Insurance

16.255
12.S70
5.821
13.276
0.086
7.770
1.623
1.028
1.009
1.651

[ 0.629

1.184
1.096
0.266
0.410
0.654
0.299
0.386
0.358

$
3,594,050 58
2,712,978 54
1,287,091 61
2,935,398 61
19,09090
1,718,02567
358,967 79
227,24821
223,019 14
365,031 90

139,198 67

261,712 75
242,353 57

58,805 48
90,628 10
144,520 16
66,231 31
85,289 81
79,245 a3

$
3,176,872 06
2,556,168 50
1,193,371 24
2,838,321 27
19,16488
1,651,788 85
370,210 15
164,410 87
215,126 37
331,761 91
( 72,121 71
1 56,061 96
358,66420
227,946 44
44,438 15
104,071 12
141,32349
75,480 69
90,143 63
78,511 19
8,58820
2,193 74
11,98681
8,88300
44,71720
13,824 82
54,76524

Passenger

Mail .

Express

Excess Baggage
rransportat'n of Milk
rrain Privileges
Parlor Cars

Rent of Property
Rent of Track?

Telegraph "

Storage, Dockage, and
Cairo Wharf Boat .
ream Scale Fees
Switching

Compressing Cotton.
Railroad Hotel and
Eatinz Houses
Interstate Transfer,
and Receipts over
other Lines

0.184
4.081

40,702 10
902,28763

St. Charles Air Line

Belt Line (Memphis).
Oper'g Mound Cy. Ry.
Cairo Bridge Exp.

Totals...

RR. Hotel & Eat rg Ho.
Compressing Cotton. .

0.173

38,381 24

General Expenses. . . .
Marine Equipment. .

Total

0.161
0.005

35,579 62
1,03469

66.410

4.758

14,683,943 68
1,051,94071

13,910,917 69
1,051,35808

Taxes

Exp. Oper. , inc. Taxes.
Net Receipts, Oper. . .

71.168

15,735,884 39

14,962,275 77

100.000

22,110,93704

22,002,842 35

28.832

6,375,052 65

7,040,566 58

476

POOR'S MANUAL OF KAILRO ADS— RAILROAD "SYSTEMS."

Statement of funded debt outstanding June 30, 1897:

CLASS OF BONDS.

Miles.

Date of Issue.

When Due.

Interest.

Out-
standing.

Annual
Interest.

Illinois Central BR. Co.:

April 1, 1875
April 1, 1874
Feb. 16, 1876
Aug. 31, 1895
Jan. 1, 1886
Jan. 1, 1886

April 1, 1951
April 1, 1903
Dec. 1, 1905
Mar. 1, 1951
Jan. 1, 1951
Jan. 1, 1951

p.C.

5
5
3
4
3i

A. &0.
A. & O.
J. &D.
M. &S.
J. & J.
J. & J.

$
2,498,000
3,400,000
1,000,000
2,500,000
1,500,000
2,499,000

99,920
170,000
50,000
75,000
60,000
87,465

1st mtge ' Sterling Sinking Fund . . .

1st mtge.,' Sterling.' ...

1st mtge.,' Gold

Total Outstand'g 1st mtge. of $15,000,000
Sterling Coup Bonds, £1,053,200

705.50

13,397,000

5,266,000
3,000,000
968,000
2,000,000
15,000,000
25,000,000

6,280,000
5,425,000
4,939,925

3,321,000

3,330,000
1,000

542,385

184,310
120,1 KX)
48,400
120,000
600,000
1,000,000

251,200
217,000
148,198

116,235
116,300

July 21, 1886
June 1, 1892
Aug. 1, 1881
Dec. 1, 1877
Mar. 31, 1888
Sept. 1,1892

Jan. 2, 1894
Feb. 1, 1895

July 1,1950
Dec. 1, 1950
Aug. 1,1921
Jan. 1, 1898
April 1, 1952
Nov. 1, 1953
) Jan. 1, 1
1 1896-1904 f
Aug. 1,1951

3*

4
5
6
4
4

4
4
3

3*
3*

J. & J.

J. & D.
F. & A.
J. &J.
A. &O.

M. &N.

J. & J.
F. &A.
J. & J.

J. & J.
J. & J.

1st mtge. 111. approach to Cairo Bridge
1st mtge Middle Division

131.26
111.47

856.84
798.00

1st mtge Springfield Division

4 p c Gold Bonds of 1952

4 p' c Gold Bonds of 1953.

4 p c Two-Ten Gold Bonds

Western Lines 1st mtge. Bonds

400.00

Interim Certifs. for St. Louis Div. 3 I

' p. c. Gold Bonds of 1951 j
Interim Certifs. for St. L. Div. & 1
Term. 1 st mtge. Gold Bonds of 1951 j
Interim Certifs. for Louisv. Div. & I
Term. Istmtge.Gold Bonds of 1953 j
Past Due — 7 p. c. Construction Bonds
III Cent 1st mtge Sterling

April 1, 1875
April 1, 1895

2,000

Total Illinois Central ...

3,00307

87,919,925

1, £59,000
80,000
16,555,000
6,000

3,463,928

95,130
4,800
827,750

Chic., St. Louis & New Orleans RR. Co.:
C., St. L. & N. O. RR. Co., 1st mtge.
C., St. L. & N. O. RR. Co., 2d mtge. .

Nov. 8,1877
Dec. 1, 1877
Mar. 15, 1881

Nov. 1,1897
Dec. 1, 1907
June 15, 1951

7
6
5

M. &N.
J. &D.
J &D.

C., St. L. &N. O. RR. Consol., Gold.
Past Due Bonds, 1881 to 1886

566.16

C.,8t.L.&N.O., Istmtge. G.Mem. Div.
C.,St.L.&N.O.,Reg.lstmtge.BrgeBds.

Totals Chic., St. L. & N. O. RR. Co.

100.00
2.27

April 3, 1889
June 2, 1890

Dec. 1, 1951
Dec. 1, 1950

4
5

J. &D.
J. &D.

3,500,000
3,000,000

140,000
150,000

668.43

24,500,000

1,217,680

The " Leased Line 4 p. c. Stock " of this company, $10,000,000 in amount, was issued at par in ex-
change for the stock of the Chicago, St. Louis and New Orleans RR. Co. A guaranteed annual dividend of
4 p. c. is paid half-yearly, Jan. 1 and July 1.

The 4 p. c. sterling bonds of 1951 were originally 6 p. c. bonds and fell due April 1, 1895, but w
nded to 1951, the interest being reduced to 4 p. c. and new coupons attached to the bonds. These bon

The Springfield Division bonds are for $1,000 each. These bonds were refunded at maturity, Jan. 1,
1808, in new 3i p. c. bonds secured by a mortgage of the Springfield Division to the United States Trust Co.
of New York and John A. Stewart, as trustees.

The Middle Division Ists are registered currency bonds for $1,000 each, secured on the Kankakee and
Southwestern RR., 131.26 miles. Total authorized issue, $1,000,000. Trustees: L. V. F. Randolph and Stuy-
vesant Fish.

The 3i p. c. sterling bonds of 1950 are for £200 each, and are secured under a trust agreement, dated
July 21, 1886, between the railroad company and the United States Trust Co. of New York, and are part of
an authorized issue of $9,000,000, of the denomination of $1,000 or £200 per bond, or part for $1,000 and part
for £200; interest not to exceed 4 p. c. The bpnds are secured by a deposit of an equal amount of 5 p. <;
gold bonds of the C., St. L. & N. O. RR. Co., secured under its mtge. of March 15, 1881, which are to bu
delivered to the holders of the 3J p. c. bonds in case of default. In the trust agreement it is provided tha-;
no mtge. shall be made on the Illinois Central RR., or the C., St. L. & N. O. RR., until the 3J p. c. bond!
are secured by a mtge. on those roads. Principal and interest payable in London.

The Illinois Central 4 p. e. gold bonds of 1892-1950 are a first lien on the Illinois approach to th>j
Cairo Bridge, and are additionally secured by deposit of an equal amount of C., St. L. & N. O. RR. 5 p. < .
Cairo Bridge bonds of 1890-1950. The bonds are for $1,000 each, in coupon form, with privilege of registra-
tion as to principal, or they may be exchanged for full registered bonds, at the office of the company in
New York. Trustee: United States Trust Co. of New York. For terms of registration, see remarks concerning
the 4 p. c. gold bonds of 1952, following.

The 4 p, c. gold bonds of 1952 are for $500 or $1.000 each, Nos. 1 to 13,000 being $1,000 bonds, and 13,001

POOR'S MANUAL — ILLINOIS CENTRAL RR. CO.

477

to 17,000, $500 bonds; interest payable in New York. Trustee: United States Trust Co. of New York. These
bonds are secured by deposit of the following 1st mtge. 5 p. c. gold bonds of subsidiary lines:

CLASS OP BONDS.

Miles.

Date of
Issue.

When
Due.

Interest.

Outstand-
ing.

Annual
Interest.

Canton, Aberdeen and Nashville RR.Co.
Yazoo and Mississippi Valley RR. Co. .
Chicago, Havana and Western RR. Co..
Chicago, Madison and Northern RK. Co.
Rantoul RR. Co. .

87.89
140.36
131.62
225.11
74.43
155.58
41.85

Dec. 1, 1887
Dec. 1, 1887
Dec. 1, 1886
Mar. 30, 1888
July 1, 1887
Mar. 1, 1888
Feb. 1, 1888

June 1, 1952
June 1, 1952
Dec. 1, 1926
Dec. 1,1935
June 1,1927
Dec. 1, 1935
Dec. 1. 1935

p.c.
5
5
5
5
5
5
5

June & Dec.
June & Dec.
June & Dec.
June & Dec.
June & Dec.
June & Dec.
June & Dec.

$

1,750,000
2,900,000
2,500,000
^4,370,000
1,000,000
3,100,000
830,000

87,500
140,000
125,000
218,500
50,000
155,000
41,500

Cherokee and Dakoka RR. Co . ......

Cedar Rapids and Chicago RR. Co
Totals

856.84

16,350,000

817,500

Exclusive of interest, the sum of money advanced by the Illinois Central to the above companies for the
construction and equipment of their railways exceeds $19,000,000.

The holder of any coupon bonds may have the ownership of such bonds registered on the books of the
company, such registry being noted on the bond, after which no transfer shall be -valid unless made on the
books by the registered holder in person, or by his attorney duly authorized, and noted on the bond, but the
bond may be discharged from registry by being in like manner transferred to bearer, after which it shall be
transferable by delivery. Any coupon bond, whether so partially registered or not, is convertible into a
registered bond, at the option of the holder, upon surrender to the company for cancellation of all the
coupons attached thereto not then due. Registered bonds are transferable only on the books of the company,
and the interest thereon semi-annually, and the principal thereof, when due, shall be payable only to the
registered holder thereof or his legal representative or assigns. A registered bond is not convertible into, or
exchangeable for, a coupon bond. Th« bonds are transferable and registerable at the office of the company
in New York.

The 4 p. c. gold bonds of 1953 are for $500 and $1,000, in coupon form, with the same provisions for
registration as obtains in the case of the 4 p. c. gold bonds of 1952. (See preceding paragraph.) Trustee:
United States Trust Co., New York, N. Y. Principal and interest payable at the company's office in New
York. Of the $25,000,000 authorized and outstanding, $20,000,000 were issued as payment (together with $5,-
000,000 cash) for securities of the Louisville, New Orleans and Texas RR. Co., referred to hereafter, and are
secured by deposit of those securities in trust; the remaining $5,000,000 were retained by the Illinois Central
RR. Co. The company still holds $71,000 of the bonds, so that the amount actually outstanding at the close
of the fiscal year was $24,929,000.

The securities pledged for the §25,000,000 gold bonds of 1953 are as follow* :

CLASS OF BONDS.

Miles.

Issued.

When
Due.

Author-
ized.

Pledged.

Interest.

Annual
Interest.

L., N. Or. & T. Ry. Co., 1st Mtge. Gold. . )
L., N. Or. & T. Ry. Co., 3d Mtg. Inc., Cum. S-
L., N. 0. & T.Ry.Co., L'd Gr.fnc., non-Cu. j

Totals

798

1886
1886
1884

Sept. 1, 1934
Sept. 1, 1934
Sept. 1, 1934

16,900,000
9,104,000
10,000,000

16,832,000
9,104,000
9,904,000

5
6

M. & S.
M. & S.
Nov. 1.

S

673,280
455,200
594,240

36,004,000

35,840,000

1,722,720

The 4 p. c. two-ten gold bonds of 1896-1904 are for $1,000 each, in coupon form, with privilege of

pages 460-461. They are a direct obligation of the Illinois Central and are secured under the provisions of a
trust deed made by that company on Dec. 28, 1893, to the United States Trust Co. of New York, as trustee.
The following securities of, and claims against, the Chesapeake, Ohio and Southwestern RR. Co. and affiliated
corporations and terminal properties were owned by the 111. C. RR. Co. on June 30, 1897, and pledged to secure
$6,280,000 of these bonds and $1,042.49 scrip issued in payment therefor: Securities, C. O. & S. W. RR. Co.
(2d mtge. bonds, $3,575,000; equipment trust bonds, $563',000; preferred stock, $3,511,600; capital stock, $S,-
714,200; unpaid coupons 2d mtge. bonds, $673,950; unpaid coupon equipment bonds, $115.560), $14,153,310;
Short Route Ry. Transfer Co. (1st mtge. bonds, $500,000; capital stock, $487,800; unpaid coupons 1st mtge.
bonds, $113,850), $1,101,650; Owensboro, Falls of Rough and Green R. RR. Co. (1st mtge. bonds, $668,000;
capital stock, $314,400), $982,400; Ohio Valley RR. Co. gen. consol. 1st mtge., $182,000; Paducah Union Depot
Co. (1st mtge. bonds, $100,000; capital stock, $15,000), $115,000— total securities, $16,534,360. Claims (indebt-
edness of C., 0. & S. W. RR. Co., $1,783,544; of S. R. Ry. Trans. Co., $9,000; of O., F. of R. & G. R. RR.
Co., $25,000; of Troy and Tiptonville RR. Co., $7,000; of O. V. Ry. Co., $60,000; claims of Newport News
and Mississippi Vy. Co., $42,767.34), $1,927,311.34. Terminal properties: Real estate and interests in real
estate — in Memphis, Tenn., ownership of 31 parcels of land; in Evansville, Ind., ownership of 37 parcels,
interest in 17 parcels of land, and interest in a warehouse; in Louisville, Ky., ownership of 49 parcels and
interest in 46 parcels of land. (See MANUAL for 1897, pages 466-467.)

Louisville Division and Terminal 1st mtge. gold bonds. — These bonds are issued under a joint mort-
gage dated Sept. 15, 1897, executed by the Chicago, St. Louis and New Orleans and Illinois Central RR. Cos.
to the United States Trust Co. of New York and John A. Stewart, as trustees, covering the properties formerly
of the Chesapeake, Ohio and Southwestern Ry. Co., Owensboro, Falls of Rough and Green River RR. Co. and
Short Route Ry. Transfer Co., the lease of the Cecilia Branch of the Louisville and Nashville RR., the ter-
minal properties in Louisville and Memphis heretofore deeded in trust to the United States Trust Co., and
certain recent purchases of land in Louisville and elsewhere; also the property, rights and privileges of the
Illinois Central RR. Co. under the lease of the Louisville Division dated Sept. 15, 1897. The present issue of
bonds amounts to $20,000,000, which are to be used as follows: $8,500,000 to replace the 1st mtge. bonds of
the Chesapeake, Ohio and Southwestern and Paducah and Elizabethtown RR. Cos. and to discharge $300,000
of receivers' certificates and the interest accrued thereon; $6,800,000 to be retained by the trustee as security
for the payment of the 4 p. c. two-ten gold bonds and to be delivered from time to time to the Illinois

478 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.'

Ce
rem

ntral RR. Co. at the rate of $1,112 for each $1,000 two-ten bond paid and cancelled, any of these bonds
...maining after the retirement of all the two-ten bonds to be delivered to the Illinois Central RR. Co.;
$3,588,000 to be delivered to the Illinois Central RR. Co. to pay off and discharge all claims, liens and in-
debtedness against the property other than the 1st mtge. bonds, receivers' certificates and two-ten bonds
before mentioned, and to reimburse the Illinois Central RR. Co. all accounts expended or to be expended in
connection with the properties; and the remaining $1,112,000 to be used in purchasing the Cecilia Branch

be conveyed to the Chicago, St. Louis and New Orleans RR. Co. and be covered by this mortgage. The bonds
are payable July 1, 1953, and bear interest at the rate of 3i p. c. per annum, payable Jan. 1 and July 1, the
first coupon maturing Jan. 1, 1898. Principal and interest free of all taxes are payable in gold in New
York. Bonds are to be numbered from 1 to 27,000; Nos. 1 to 18,000 and 22,001 to 27,000 to be for $1,000 each,
and Nos. 18,001 to 22,000 for $500 each. In form the bonds are coupon, but they may be registered as to prin-
cipal only or converted into full registered bonds in the same way as the 4 p. c. gold bonds of 1952.

The Western Linen 1st mtge. bonds were issued to refund the bonded debt of the Dubuque and Sioux
City RR., and were disposed of in part for cash and partly for the purchase of the outstanding bonds of the
Cedar Falls and Minnesota- RR. Co. The bonds otttstanding are a lien on the main line of the Dubuque ami
Sioux City RR. from Dubuque to Iowa Falls, la., 142 miles, and on the branch from Cedar Falls to Lyle, 75.58
miles. The authorized issue is $10,000,000, but the remaining $4,575,000 of bonds can be issued only when the
line from Iowa Falls to Sioux City, la., 183 miles, is freed of all other liens and subjected to this mortgage.
Secured upon that mileage there are outstanding $2,800,000 ($3,000,000 auth.) 1st mtge. 7 p. c. 48-yr. $500 and
$1,000 bonds, issued by the old Iowa Falls and Sioux City RR. Co., which will mature Oct. 1, 1917, interest
on them being payable April 1 and Oct. 1. The Western Lines bonds are for $1,000 gold each, in coupon form;
interest payable in New York. They are a direct obligation of the Illinois Central RR. Co. Trustee: United
States Trust Co., New York, N. Y.

The 8t. Louis Division 3 p. c. lands of 1951, for which the $4,939,925 interim certificates were out-
standing on June 30, 1897, were authorized in connection with the lease of the St. Louis, Alton and Terre
Haute and the Belleville and Southern Illinois RRs., and $5,000,000 of them were offered in exchange for the
shares of the " Alton " and the preferred shares of the Belleville and Southern Illinois. Under an agreement
with a New York banking firm it was provided that these $5,000,000 of bonds should be held by the trustee
under the mortgage (United States Trust Co. of New York) until Jan. 1, 1898, subject to the option of the
bankers to purchase them at 90 and interest; the stockholders of the " Alton " and " Belleville " companies
assenting to the plan of exchange receiving interim certificates entitling them to their pro rata of the
proceeds of the sale of such bonds. (See MANUAL for 1897, page 467.) For the $4,939,925 interim certificates
issued prior to June 30, 1897, there were pledged 33,907 out of a total issue of 34,708 shares of St. Louis,
Alton and Terre Haute stock and the entire issue, 12,750 shares, of Belleville and Southern Illinois preferred
stock, which had assented to the exchange.

St. Louis Division and Terminal 1st mtge. gold bonds. — These bonds were provided for in connection
with the consolidation into the St. Louis, Alton and Terre Haute RR. of the lines formerly leased and con-
trolled by that company. They are authorized to the amount of $15,000,000, of which $5,000,000 (Nos. 1 to
5,000, of $1,000 each), bearing 3 p. c. interest, are to be applied to funding the rent payable under the lease
of Oct. 1, 1895, by exchanging them for the interim certificates for St. Louis Division 3 p. c. bonds of 1951,
while the remaining $10,000,000 (Nos. 5,001 to 14,000, for $1,000 each, and 14,001 to $16,000, for $500 each),
bearing 3J p. c. interest, are to be used in freeing the property of all prior liens and encumbrances and in
acquiring additional property to be placed under the mortgage. At the close of the fiscal year, June 30, 1897,
$3,321,000 interim certificates for these bonds had been issued, and the following securities acquired and
pledged therefor:

Stocks.

5,000 shares Belleville & Carondelet ER. Co. stock.
5,449 shares Belleville & Eldorado RR. Co. stock.
9,000 shares Chic., St. Louis & Paducah RR. Co. stock.
4,993 shares St. Louis Southern RR. Co. stock.
2,453 shares Carbondale & Shawneetown RR. Co. stock.
3,165 shares Belleville & Southern Illinois RR. Co. stock.

Bonds.

St. L., A. &T. H. RR. Co. 1st M. & Ter. Bds. $220,000 00

St. L., A. & T. H. ER. Co. Div. Bonds 78,000 00

Belleville & Eldorado RR. Co. 1st Mtge Bds. 100,000 00

Belleville «fe El'do RR. Co. 2d Mge. Irc.Bds. 305,000 00

C., St. L. & P. ER. Co. 2d Mtge. Inc. Bds... 999,000 00

St. L. S'th'n RR. Co. 1st Mtge. Consol. Bds. 403,000 00

St. L. S'th'n EE. Co. 3d Mtge. Inc. Bonds. . 116,000 00

Total $2,221,00000

30,060 shares of the par value of 3,006,000 00

Total par value of stocks and bonds $5,227,000 00

The bonds are issued under a joint mortgage, dated Sept. 15, 1897, executed by the St. Louis, Alton and
Terre Haute and Illinois Central RR. Cos. to the United States Trust Co. of New York and John A. Stewart,
as trustees, covering the entire property now owned by the St. Louis, Alton and Terre Haute RR. Co. or
which may be acquired hereafter by issue of any bonds secured by this mortgage. At the date of the
mortgage the following issues of bonds with liens prior to that of the new bonds were outstanding on the
several railroads now embraced in the St. Louis Division:

$2,500,000 St. L., A. & T. H. RR. Co. 1st mtge. and terminal 5 p. c. 20-yr. $1,000 gold bonds, secured by
mortgage dated June 1, 1894, to the State Trust Co. of New York, as trustee, on the entire
property owned by the " Terre Haute " Co. prior to the consolidation of Sept., 1897. These
bonds have been called for redemption on June 1, 1898, at 105 p. c. and interest.

998,000 Belleville and Southern Illinois RR. Co. 1st mtge. sinking fund 8 p. c. 30-yr. bonds, secured on the-
line from Belleville to Du Quoin, 111., 56.40 miles. These bonds matured Oct. 1, 1896, but weri'
extended for one year, interest being reduced to 4i p. c., and the payment of principal and
interest in gold being guaranteed by the Illinois Central RR. Co.

550,000 Belleville and Eldorado RR. Co. bonds, $220,000 being 1st mtge. 30-yr. 7s of July 1, 1910, and
$330,000 2d mtge. income 40-yr. 6s of Aug. 1, 1920, secured in the order of their priority on the;
line from Du Quoin to Eldorado, 111., 50.20 miles.

485,000 Belleville and Carondelet RR. Co. 1st mtge. 6 p. c. 40-yr. bonds due June 1, 1923, secured by mtge.
to R. F. Cutting and M. Bayard Brown on the line from Belleville to East Carondelet, 111 .
17.30 miles.

1,075,000 St. Louis Southern RR. Co. bonds— $550,000 1st mtge. 4s of March 1, 1931, $122,000 2d mtge. income
5s of Sept. 1, 1931, and $403,000 consol. mtge. 5s of Sept. 1, 1939— secured in the order of their
priority on the line from Pinckneyville via Murphysboro to Carbondale, 111 30 miles The
total authorized of the consol. mtge. bonds is $1,325,000, the remaining $922,000 being reserved
for the 1st and 2d mtge. bonds and for

POOR'S MANUAL — ILLINOIS CENTRAL SYSTEM.

479

$250,000 Carbondale and Shawneetown RR. Co. 1st mtge. 4s of March 1, 1932, secured on the line from

Marion to Carbondale, 111., 17.24 miles.

2,000,000 Chicago, St. Louis and Paducah Ry. Co. bonds— $1,000,000 1st mtge. 53 which were called for
redemption Sept. 1, 1897, at 105 and interest, and $1,000,000 2d mtge. incomes due Sept. 1,
1917 — secured in the order of their priority, by a mortgage dated Sept. 1, 1887, to the Franklin
Trust Co. of Brooklyn, N. Y., as trustee, on the line from Marion to Brooklyn, 111., 53.50 miles.

The bonds are dated July 1, 1897, and mature July 1, 1951, interest payable Jan. 1 and July 1, the first
coupon maturing Jan. 1, 1898. They are in coupon form, but may be registered as to principal only or
converted into full registered bonds, in the same way as the 4 p. c. gold bonds of 1952. Principal and interest
free of all taxes guaranteed by the Illinois Central RR. Co. and payable in gold at the office of ftiat company
in New York.

The 1st mtge. bonds of the C., St. L. & N. O. RR. Co. are a first lien on the line from East Cairo, Ky.,
to New Orleans, La., 547.30 m., and branch from Durant to Kosciusko, Miss., 18.86 miles. They matured on
Nov. 1, 1897, and were replaced with an equal amount of consol. mtge. bonds of 1951, interest reduced to 3J
p. c. The 2d mtge. bonds are secured on the same road. These are in coupon form, for $1,000 each. Trustees:
W. K. Ackerman and Stuyvesant Fish.

The consol. mtge. gold 5s of 1951 of the C., St. L. & N. O. RR. Co. are secured on the same road, but
are subject in lien to the 1st and 2d mtge. bonds. The authorized issue is $18,000,000, a sufficient amount being
reserved to discharge prior liens. Interest is payable June 15 and Dec. 15, and is guaranteed by the Illinois
Central RR. Co., the guaranty being endorsed upon each bond. The bonds are for $1,000 gold each, in
ooupon form, but the same conditions as to registration apply to these as to the Illinois Central bonds. Of
the amount ($16,555,000) shown in the bond statement, $5,266,000 are owned by the Illinois Central RR. Co.
and pledged to secure £1,053,200 of 3i p. c. sterling bonds of 1950, leaving only $11,289,000 of the gold 5s
outstanding on June 30, 1897, as per general balance sheet. Trustees: Lewis V. F. Randolph and Lynde A.
Catlin, New York, N. Y.

The Memphis Division bonds are secured on the line from Memphis, Tenn., to Grenada, Miss., 100.49
miles. The bonds are for $1,000 gold each, in coupon form, but the same provisions for registration apply
as in the case of Illinois Central bonds. They are guaranteed by the Illinois Central RR. Co., by endorse-
ment on each bond. Trustee: United States Trust Co., New York, N. Y.

The bridge bonds are secured on the Cairo Bridge and approaches, 2.27 miles. They are all owned by
the Illinois Central, and are pledged as security for that company's 4 p. c. Cairo Bridge bonds. Trustees:
Stuyvesant Fish and Walther Luttgen, New York, N. Y.

Land Office. — During the year ending June 30, 1897, there were sold 2,700.19 acres of
donated lands for $17,577.81, the average price being $6.50 per acre. The sales of donated
town lots amounted to $2,860, making total sales of $20,437.81. The net receipts of the land
office were $53,440.09. The total sales of donated lands aggregate 2,536,440.95 acres, leaving
unsold 57,673.91 acres. There are on hand bills receivable and contracts for donated lands
and town lots sold, $120,874.26.

RAILROADS LEASED BY THE ILLINOIS CENTBAL ER. Co.

Dnbnque anil Sioux City RR.— Dubuque to
Sioux City, la., 326.58 m.; Onawa, la., to Sioux
Falls, S. !>., 155.58-m.; Cedar Rapids to Manchester,
la 41 85 m.; Cedar Falls June., la., to Minn. State
Line, 75.58 m.— total, 599.59 miles. Consolidation,
in 1888, of the Dubuque and Sioux City, Cedar Rap-
ids and Chicago, Iowa Falls and Sioux City, and
Cherokee and Dakota RR. Cos. The Cedar Falls and
Minnesota RR. was purchased at foreclosure sale,
June 1, 1896. (See Manual for 1897, page 459.) The
property is leased to the Illinois Central RR. Co.,
from Jan. 1, 1895, to Aug. 1, 1951. The operations
are Included in the accounts of the lessee. Net in-
come, year ending June 30, 1897, $696,245; balance
Income from 1896, $16,936— total, $713,181. Paid
interest on bonds, $603,250; dividends, $99,996— total,
$703,246. Balance, surplus, $9,935. Financial State-
ment, June 30, 1897.— Capital stock ($100 shares),
$9,999,600; funded debt, $12,155,000; current liabili-
ties, $943,747; profit and loss, $73,448— total, $23,-
171,795. Contra: Cost of road, etc., $21,217,398;
stocks and other Investments. $1,864,103; cash,
$90,294— total, $23.171,795. The Illinois Central
RR. Co. owns $9,938,600 of the capital stock.

Funded debt consists of: Illinois Central RR.
Co.'s West Lines 1st mtge. bonds (see 111. Cent,
bond statement), $5,425,000; I. F. & S. C 1st mtge
7 p. c. 48-yr. $500 and $1,000 coup, bonds, due Oct.
1, 1817, int. A. & O. ($3,000,000 auth.), $2,800,000; C.
& D. gold 5 p. c. 47-yr. reg. bonds, due Dec. 1, 1935,
int. June and Dec. ($3,100,000 auth.), $3,100,000; C.
R. & C. gold 5 p. c. 47-yr. reg. bonds, due Dec. 1,
1935, int. June and Dec. ($830,000 auth.), $830,000. The
Iowa Falls and Sioux City bonds are seured on the
line from Iowa Falls to Sioux City, la., 183 m.;
the Cherokee and Dakota bonds, on 155.58 m.. from
Onowa to Sioux Falls, S. D., and the Cedar Rapids
and Chicago bonds, on the line from Cedar Rapids to
Manchester, la., 41.85 miles. The Illinois Central
RR. Co. owns all of these two last-named issues of
bonds and has pledged them as security for its 4
p. c. gold bonds of 1952. Interest and dividends pay-
able at the office of the Illinois Central RR. Co. in
New York. Stuyvesant Fish, Pres., New York
N. Y.; J. C. Welling, Vice-Pres., Chicago, 111.; A. G.
Haekstaff, Sec.; E. T. H. Gibson, Treas., New York,
N. Y.: C. H. Booth, Asst. Sec. & Asst. Treas.,
Dubuque, la. Corporate Office, Dubuque, la.

RAILROADS LEASED OR OPERATED BY THE ILLINOIS CENTRAL RR., BUT OPERATIONS
NOT INCLUDED IN THE STATEMENT ON PAGE 472.

75,670; mixed. 33.352), $156,588 miles. Passengers
carried, 33,525; carried one mile, 515,431. Tons
freight moved, 316,279; ton-miles, 11,620,882. Earn-
ings (passenger, $14,748; freight, $131,436; other,
$32,921). $179.105. Operating expenses, $145,200.
Net earnings, $33,905. Charges: Interest on bonds,
$60,725; taxes, $9,086; other, $4,395— total, $74,206.
Deficit, $40,301; deficit forward, $39,168— total, $T9,-
469. Financial Statement.— Capital stock (par, $100),
common, $1,500,000; preferred, $1,000,000; funded
debt (1st mtge. 5 p. c. 40-yr. $1,000 coupon bonds,
due April 1, 1933, interest April and Oct.; auth.,
$2,500,000), $1.225,000; bills payable, $63,014;
vouchers and pay rolls, $26,326; accrued interest,
$70,462; taxes, $4,334— total, $3,889,136. Contra:

and Texas RR.— Length of line (see
Illinois Central mileage statement), 75 m.; total
track (steel, 75 in.), 85.25 miles. Rail, 56 and 60
IDS. Consolidation, April 5, 1893, of the Grand
Tower and Carbondale and the Grand Tower and
Cape Girardeau RR. Cos. Purchased, the Chicago
and Carbondale RR., from Johnston City to Carbon-
dale, 111., 20 m., on Sept. 10, 1895. Leased to the
Illinois Central RR. Co. for 25 years from Oct. 1,
1897, at a rental equivalent to the net earnings
of the property. The Illinois Central began to
operate the road under lease on Sept. 30, 1897.
The following statements are for the year ending
June 30, 1897, when the road was operated in-
dependently: Trains run (passenger, 47,566; freight,

480

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Cost of road, etc., $3,772,578; materials and fuel,
$6709" cash and current assets, $30,380; profit and
loss $79,469— total, $3,889,136. Interest on bonds
mivable at the office of the trustee, Mercantile Irust
Co' New York, N. Y. E. A. Hitchcock, Pres.; O.
L Garrison, Vice-Pros. & Treas., St. Louis, Mo.; J.
D. Peters, Sec., Murphysboro, 111. Corporate Office,
Murphysboro, 111.

Hodjrenville and Elizabethtown Ry.—
Hodgenville to Elizabethtown, Ky., 11.1 m. ; sidings,
about 1 mife. Gauge, 4 ft. 8J In. Rail (steel), 50
and 56 Ibs. Chartered April 8, 1884; opened in
March, 1888. Locomotive, 1. Cars— passenger, 2;
freight (box, 3; flat, 4), 7— total, 9. Operations, year
ending June 30, 1897.— Gross receipts, $12,717.
Operating expenses and taxes, $12,732. Net loss
from operation, $15. Interest on bonds, $7,500. Defi-
cit, $7,515; deficit forward, $43,052— total, $50,567.
Financial Statement. June 30, 1897.— Capital stock
(par, $100). $123,500'; funded debt (1st intge. 5 p. c.
30-yr. $1,000 coupon bonds, due Aug. 1, 1917, Interest
Feb. and Aug., at New York. N. Y.), $150,000; inter-
est (unpaid coupons, $59.200; accrued interest not
yet payable, $3,125), $62,825; other liabilities, $853—
total, $336.678. Contra: Cost of road, etc., $276.697"
other assets, $9,414; profit and loss, $50,567— total
$336,678. Trustee of bonds: D. M. Redman, Louis
ville, Ky. Jacob Hubbard, Pres., Hodgenville, Ky.
M. Gilleas, Vice-Pres.; J. F. Titus, Treas.; C. F
Krebs. Sec. & Aud., Louisville, Ky. General Office
Louisville, Ky.

Ohio Valley Ry.— Length of line. Including
20.7 m. leased (see Illinois Central mileage state-
ment), 138.89 m.; total track (steel; 56, 58i and 61
Ibs.), 151..49 miles. Successor, April 6, 1886, to the
South Kentucky RR. Co. Receiver appointed Jan. 1,
1894. (See Manual for 1897, page 186.) Road sold,
July 13, 1897, under foreclosure of the gen. consol.
and 1st mtge. (See Manual for 1897, page 186.)
Operated by the Illinois Central RR. Co., since Aug.
1, 1897, as agent for the purchasers.

Troy and Tiptonvllle RR.— Moffat to Troy,
Tenn., 4.6 m.; sidings, 0.57 mile. Gauge, 4 ft. 8J In.
Rail (steel), 50 and 56 Ibs. Chartered Dec. 1, 1887;
opened July. 1888. (See Manual for 1896.) Cars
— passenger, 1; freight (box, 6; flat, 2), 8 — total cars,
9. Operations, year ending June 30, 1897.— Gross
receipts, $3,006. Operating expenses and taxes, $5,-
607. Net loss from operation, $2,601. Interest on
bonds. $2.760. Deficit, $5,361; deficit forward, $29,-
609— total. $34,970. Financial Statement, June 30,
1897.— Capital stock (par, $100), $46,000; funded
debt (1st mtge. 6 p. c. 20-yr. $1,000 coup, gold bonds,
due Feb., 1908, interest March and Sept.), $46,000;
other liabilities. $10.677; interest (unpaid coupons,
$24,840; accrued not due, $920), $25.760— total, $128,-
437. Contra: Cost of road, etc., $92,558; other assets,
$909; profit and loss. $34.970— total. $128.437. M.
Gilleas. Pres., Memphis, Tenn.; C. P. Wilson, Vice-
Pres., Troy, Tenn.: J. F. Titus, Treas.; C. F. Krebs,
Sec., Louisville, Ky. General Office, Louisville, Ky.

Board of Directors, Illinois Central Railroad Co.
His Excellency the Governor of Illinois, Ex-O.fflcio.

Till Oct., 1898.
Oliver Harriman.
John W. Doane.
Charles M. Beach.

Till Oct., 1899.
Stuyvesant Fish.
Edward Harriman.
John Jacob Astor.

Till Oct., 1900.
S. Van Rcnsselaer Cruger.
Chas. A. Peabody, Jr.
John C. Welling.

Till Oct^im.
B. F. Ayer.
Walther Luttgen.
John W. Auchincloss.

STOYVESANT FISH, President Chicago,. 111.

John C. Welling, Vice-President and Comptroller " "

J. T. Harahan, 2d Vice- President "

Secretary— A. G. Hackstaff New York, N. Y. | Treasurer— E. T. H. Gibson New York, N. Y.

GENERAL OFFICE AND ADDRESS No. 1 Park Row, Chicago, 111.

Financial Agency No. 214 Broadway, New York, N. Y.

YAZOO AND MISSISSIPPI VALLEY RAILROAD COMPANY.

Main Line of Road. — Memphis, Tenn., to New Orleans, La 456.15 miles.

Helena Branch : Trotter's Point to Eagle's Nest, Miss 20.24 m.

Bayou Sara Branch : Slaughter to Woodsville, Miss 41.60 m.

Clinton Branch : Ethel to Clinton, Miss 8.62 m. — 70.46 "

Tallahatchie Division : Clarksdale to Minter City, Miss 39.60 "

f Coahoma to Lament, Miss 75.61 m.

Leland to Huutington, Miss 22.82 m.

Riverside Division:). Wilczinski to Hampton, Miss 32.06 m.

Hampton to Riverside June., Miss 10.25 m.

[ Hampton to Glen Allen, Miss 2.00 m.— 142.74 "

Natchez and Jackson Division : Jackson to Natchez, Miss 98 32 "

Total length of lines operated June 30, 1897 807.27 miles

History.— In 1892 the Illinois Central RR. Co. purchased nearly all the securities of the
Louisville, New Orleans and Texas RR. Co., on the basis of paying for all of them $5,000,000
in cash, and $20,000,000 in its 4 p. c. gold bonds of 1953. In Oct., 1892, the L., N. O. & T.
RR. Co. and the Yazoo and Mississippi Valley RR. Co., were consolidated, and since Nov. 1,
1892, the railway of the former has been operated by and for account of the Yazoo and
Mississippi Valley Co. This company owns the Yazoo Branch of the Illinois Central RR.
(see page 470), but the returns of that mileage are included in the accounts of the Illinois
Central, to which it was leased in 1888.

Rolling Stock, June 30, 1897. — Locomotives, 105. Cars— passenger, 76 ; freight and
other, 3,286— total, 3,362.

POOR'S MANUAL — KANSAS CITY, FORT SCOTT AND MEMPHIS RE. CO. 481

Operations, year ending June 30, 1897. — Train mileage and traffic operations not reported.
Gross earnings ($4,863.94 per mile), $3,936,513.20. Operating expenses and taxes ($3,314.40
per mile), $2,675,616.07. Net earnings (32.03 p. c.), $1,260,897.13; add interest on invest-
ments, $66.87— total income, $1,260,964. Paid interest on bonds, $673,280 ; on notes, $17,-
242.72— total, $690,522.72. Surplus, $570,441.28. Of this surplus, $100,000 was credited to
replacement fund, and the remaining $470,441.28 was applied, on Sept. 1, 1897, to the pay-
ment of arrears of interest on the cumulative 2d mtge. income bonds.

Financial Statement, June 30, 1897.— Capital stock (auth., $15,000,000) issued, $5,806,-
500 ; funded debt (for particulars see below), $38,736,000. Contra, ; Cost of road and equip-
ment, $48,292,257.48.

Funded debt consisted, June 30, 1897, of the following :
Yazoo and Mississippi Valley RR. Co. :
1st mtge. 5 p. c. C5-yr. gold registered bonds, due June 1, 1952, interest June and Dec $2,800,000

Loxiisville, New Orleans and Texas RR. Co. :

1st mtge. 4 p. c. 48-yr. $1,000 gold coup, bonds, due Sept. 1, 1934, interest March and Sept $16,832,000

2d mtge. 5 p. c. (income cumulative) 48-yr. $1,000 bonds, due Sept. 1, 1934, interest March and Sept. 9,104,000
Land grant income 6 p. c. 50-yr. bonds, due Sept. 1, 1934, interest 1st Nov., if earned 10,000,000

Directors. — Term expired Oct., 1897 : J. W. Auchincloss, Walther Luttgen, E. H. Harri-
man, New York, N. Y.; J. T. Harahan, Chicago, 111. Term expires Oct., 1898 : J. M. Edwards,
New York, N. Y.; R. C. Sheperd, Yazoo City, Miss.; John C. "Welling, Chicago, 111. One
vacancy. Term expires Oct., 1899 : Stuyvesant Fish, Chicago, 111.; Albert Baldwin,
New Orleans, La.; W. C. Craig, Yazoo City, Miss.; Chas. A. Peabody, Jr., New York,
N. Y.

STUYVESANT FISH, President New York, N. Y.

John C. Welling, Vice- President Chicago, 111.

J. T. Harahan, 2d Vice- President , . . . " "

Asst. Zd Vice-President— C. A. Beck Chicago, 111. Secretary— A.. Q. Hackstaff New York, N. Y.

Treasurer— E. T. H. Gibson New York, N. Y. Asst. Secretary— W. Q. Brnen Chicago, 111.

GENERAL OFFICE Central Station, Chicago, 111.

Memphis Office 39 South Court St.

New York Office 214 Broadway.

KANSAS CITY, FORT SCOTT AND MEMPHIS RAILROAD COMPANY.

Main Line of Road. — Kansas City, Mo., to Memphis, Tenn 484.53 miles.

Rich Hill Branch : Miami, Kan. , to Carbon Centre, Mo 27.54

Joplin Branch : Wash burn, Kan. , to Webb City, Mo 80.09

Indian Territory Extension : Baxter Springs, Kan. , to Miami, I. T 13. 15

Cherryvale Branch : Arcadia, Kan., to Cherry vale, Kan 74.50

Weir City Branch : Weir City June, to Weir City, Kan 3.94

Aurora Branch : South Greenfield to Aurora, Mo 37.67

Total length of all lines operated, June 30, 1897 721.42 miles.

2d track, 8.83 m. ; sidings, etc. (including 2.97 m. in Memphis, owned jointly with the K. C.,
M. & B. RR. Co.), 227.48 m.; total track (steel, 698.23 m.), 966.56 miles. Gauge, 4 ft. 8£ in.
Rail— iron, 45 to 56 Ibs. ; steel, 52 to 80 Ibs.

History. — Consolidation, April 23, 1888, of the Kansas City, Fort Scott and Springfield
and the Kansas City, Springfield and Memphis RR. Cos. (See MANUAL for 1888, page 778.)
The Greenfield and Northern RR. (Aurora Branch) was purchased in ,June, 1895, and the
Indian Territory Extension was built in the summer of 1896.

Rolling Stock, June 30, 1897. — Locomotives, 148. Cars — passenger, 48 ; combination,
2 ; baggage, mail, and express, 30 ; freight (box, 3,035 ; flat, 243 ; stock, 278 ; coal, 2,254;
fruit, 87 ; refrigerator, 70 ; furniture, 272 ; caboose, 86), 6,325 ; other, 14— total cars, 6,419.
Of the foregoing, 26 locomotives and 859 cars (2 passen^r, 394 box, 247 coal, 50 flat, 148
furniture, 16 caboose, 1 official, and 1 wrecking) belong to the Kansas Equipment Co.
31

482

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.'

Operations, year ending June 30, 1897.— See tabulated statement below.

Expenses— Transportation $705,869 59

Maintenance of Equipment 1,005,234 21

Maint. Way and Building* 567,327 04

General and Taxes 548,14019

Mail and Express 197,784 15

Miscellaneous 276,64762

Total ($5,746.33 per mile) $4,137,127 71

Total ($3,926.01 per mile) $2,826,571 03

Net earnings (31.68 p. c.), $1,310,556.68. Payments : Interest on funded debt, $1,090,-
869.12 ; other interest, $18,569.10; sinking funds, $30,000 ;- guarantees to subordinate com-
panies, being amounts necessary to meet interest on bonds (K. C., C. & S. Ry. Co., $58,866.67;
Current River RR. Co., $42,074.62), $100,941.29 ; traffic contract (K. C., M. & B. RR.), $19,-
844.36— total, $1,260,223.87. Surplus, $50,332.81 ; surplus forward, $184,638.60— total,
$234,971.41.

Income, etc., supplementary comparative statement for 10 months ending June 30, 1898

and 1897:

1898

Gross Earnings $4,318,868 95

Operating Expenses 2,964,082 70

Net Earnings 1,354,786 25

Fixed Charges and Miscellaneous Interest 1,177.115 68

Balance of Income 177,670 57

Statement of operations, income, and capital accounts, etc., for eight fiscal years:

1897

$3,867,128 00
2,630,115 84
1,257,012 16
1,163,345 83
73,666 33

INCREASE.

$451,740 95

333,966 86

117,774 09

13,769 85

104,004 24

1890

1891

1892

1893

1894

1895

1896

1897

Miles RR Opprated

670.60
1,027,883
2,481,997
860,322
39,860,381
2,493,342
435-017.395

$
920,034
3,707,243
310,154

670.60
1,093,504
2,402,602
921,982
40,453,064
2,451,548
405,362.003

940,126
3,421,166
341,850

670.60
1,172,247
2,669,783
888,127
39,932,040
2,604,186
469,978.860
$
929,079
3,709,527
352,601

670.60
1,175,662
2.861,313
921,716
41,832,476
2,939,426
529,056.614
$
903,778
3,787,013
420,361

670.60
1,109,728
2,370,717
761,765
36,365,177
2,525,089
438,285,744

816,143
3,092,826
497,771

670.60
1,082,313
1,836,065
793,612
37,178,298
2,204,940
325,721,729
$
805,782
2,714,086
465,817

708.27
1,055,405
1,067,441
875,598
?9,379,703
2,155,254
335,049,903
$
847,374
2,656,841
487,478

721.42
998,430
2,243,414
761,970
3?,664,994
2,348,389
418,300,434
$
712,357
2,950,3S9
474,432

Passenger Train Mileage . .
Freight Train Mileage
Passengers Carried

Freight (tons) Moved

Freight (ton) Miles

Earnings — Passenger

Freight

Other .

Total

4,937,431
3,386,645

4,703,142
3,389,218

4,991,277
3,634,674

5,111,152
3,802,935

4,406,740
3,137,553

3,985,635
2,794,147

3,991,693
2,781,999

4,137,128
2,826,571

Operating Expenses

1,550,786
60,923

1,313,924
11,803

1,356,603

1,308,217

1,269,187

1,191,488

1,209,694

1,310,557

Other Receipts

Total Income

1,611,709

1,004,641
13,620
566,414
24,289
+ 2,745

7,362.70
5,050.17
2,312.53
68.59 p. c.
2.34 c.
0.85 c.

670.60
856.41
598.32
115
43
25
5,269

12,747,090
16,663,000
280,350
2,867,928
1,253,792

1,325,727

1,042,841
7,360
467,434
18,645
- 210,553

7,013.34
5,054.01
1,959.33
72. 07 p. C.
2.32 c.
0.84 c.

670.60
866.06
608.77
136
45
25
6,151

S

12,747,000
16,919,000
331,786
3,022,681
1,043,239

1,356,603

1,070,254
19,230
219,984
22,160
+24,975

7,443.00
5,420.03
2,022.97
72. 82 p. c.
2.33 c.
0.80 c.

670.60
883.22
622.47
136
45
25
6,863
$
12,747,000
17,194,000
376,129
825,141
384,465

1,308,217

1,063,777
19.220
137,490
21,610
+ 66,121

7,621.76
5,670.94
1,950.82
74. 40 p. c.
2.16 c.
0.72 c.

670.60
893.47
632.56
136
45
27
6,849

12,747,000
17,147,000
379,432
1,056,514
450,586

1,269,187

1,089,893
12,000

" 1,191,488

1,069,559
12,000

1,209,694

1,105,924
25,500

1,310,557

1,109,438
30,000

Paid Interest

Sinkiug Funds

Dividends

Balance (+ or — )

24,449
+ 143,345

6,571.84
4,678.72
1,892.62
71. 20 p. c.
2.24 C.
0.71 C

670.60
893.33
635.04
152
51
27
6,849

12,747,000
16,857,000
393,240
1,931,053
5a3,932

17,718
+ 92,211

5,943.39
4,166.64
1,776.75
70.11 p. c.
2.17 c.
0.83 c.

670.60
895.14
641.79
152
51
27
6,803

12,747,000
17,217,000
450,354
1,796,152
686,143

15,714
+ 62,556

5,63583
3.92788
1,707 95
69.69 p. c.
2.15 -c.
0.79 c.

708.27
946.02
684.14
152
50
30
6,388
$
12,747,000
17,704,000
444,474
1,284,316
748,699

120,786
+ 50,333

5,74683
3,926 01
1,82082
68.32 p. C.
2.14 c.
0.71 c.

730.25
957.73
697.29
148
50
30
6,339
$
12,747,000
17,704,000
502,125
1,323,517
234,971

Gross Earnings per Mile. . .
Gross Expenses per Mile..
Net Earnings per Mile. . . .
Expenses to Earnings. . ..
Aver. Rate per Pass. perM
Aver. Rate per Ton per M

Miles Railroad Owned —
Miles of Track

Miles of Steel Rail

Locomotives

Passen^'T Cars

Baggage, etc., Cars

Freight, etc., Cars

Capital Stock

Bonded Debt

Trust Accounts

Current Liabilities

Income Account

Total Liabilities
Cost of Property

33,812,070

29,062,664
947,016
272,724
3,529,666

34,063,706

29,54-2.569
1,036,342
316.452
3,168,342

31,526,735

29,881,182
424,414
369,732
851,407

31,780,532

29.879,260
615,578
359,877
921,817

32,522,225

30,108,229
849,784
387,202
1,177,010

32,896,649

30,481,381
865,084
442,473
1,147,711

32,928,489

30,415,582
865,125
430,693
1,217,089

32,511,613

30,520,115
209,562
469,831
1,312,105

Investment*

Sinking Fund Accounts, .
Cash Assets.

Total Assets

33,812,070

34,063,706

31,526,735

31,780,632

32,522,225

32,896,649

32,928,489

32,511,613

POOR'S MANUAL — KANSAS CITY, FORT SCOTT AND MEMPHIS RR. CO. 483

General Balance Sheet, July 1, 1897.

Cost of Road $25,512,747 07

New Work in Progress— Not Completed. 301 56

$25,513,048 43

Value of Equipment 3,883,158 84

Val. of Equip, pur. from Kan. Equip. Co. 761,000 00
Equip, for Co.'s Notes to be chg. to Exp. 362,907 90

Total, Road and Equipment $30,520,11517

Investments ($795,077.12):

Stock of Other Companies

Material for Future Use

Real Estate, Rails Leased, etc.

209,561 76

337,827 28
247,688 08

Trust Accounts ($469,830.49):

Trustees K. C., F. S. & G. 1st Mtge 38,790 08

Sinking Fund; Leased Lines Mtges 332,018 30

Trustees Kansas Equipment Co 99,022 11

Cash Assets ($726,589.97):

Cash .N 203,818 19

Bills Receivable 57,058 71

Balance of Open Accounts 465,713 07

Total Assets $32,511,612 75

Common Stock $9,997,000 00

Preferred Stock Contracts 2,750,000 00

Total Capital Stock $12,747,00000

Funded Debt 17,704,000 00

Trust Accounts ($502,124.75):
Sinking Fund: Bonds and Cash held by

Trustees of " Leaked Lines " Mtge 357,904 11

Sinking Fund: Kansas Equipment Co 105,022 11

Land Income Account: Funds held by

Trustees of K. C., F. S. & G. RR. Co.

1st Mtge. to Retire Bonds 39,198 53

Current Liabilities ($1,323,516.59) :

Accrued Interest on Funded Debt 203,899 56

Unpaid Coupons, Not Presented 21,690 50

Bills Payable 100,79844

Bills Payable for Equipment 246,935 85

Suspense— K. C., S. & M. RR. Co. plain

6 p. c. Bonds, due May 1, 1894 * 338,000 00

Unpaid Vouchers 403,767 11

K. C., M. & Birm. RR. Co.: Amount

Accrued under Traffic Guarantee 8,425 13

Income Account — Credit Balance 234,971 41

Total Liabilities $32,511,612 75

* These bonds were paid in cash, and the treasury will be reimbursed by the sale of K. C., Ft. S. & M.
RR. Co. consolidated mortgage 6 p. c. bonds, due May 1, 1928, reserved for that purpose.

Statement of funded debt, June 30, 1897 : "

DATE op

INTEREST.

AMOUNT.

Miles

DESCRIPTION.

of

RR.

Issue.

Maturity.

1
K

Payable.

Ain't of
Interest.

Total.

Per Mile.

K. C., P. S. & G. RR. Co. 1st 1
Mtg.RR.and Entire Property f

159.92

June 2, 1879

June 1, 1906

p.c.
7

June & Dec.

$

153,790

$
2,197,000

$

13,744 37

Bonds: Principal and interest

guaranteed by K. C., F. S. &

G. RR. Co.:

F. S., S. E.& M. RR. 1st Mtge. I
on RR. and Rolling Stock. . f

102.85

Sept. 1, 1880

Sept. 1, 1910

1

Mar.&Sept.

39,970

571,000

5,551 77

Sh.Cr'k&JoplinKR.,lstMt2.RRi 22 38

11 ii

ii u

7

u u

6,580

94,000

4 200 1#

Mem., Kan.&Col. Ry.lttMtg. ( ... „ „
on RR. and Rollins Stock . f 49-r9 Mar- ^ 1884

i,

7

,,

34,440

492,000

9,881 52

Kan. &Mo. RR., IstMtg. onRR. 26. 13 Aug. 1, 1882

Aug. 1, 1922

5

Feb. & Aug.

19,500

390,000

14,896 67

Total . . ,

361.12
781.42

254,280
772,740

3,74i,000
12,879,000

10,367 74
17,852 29

K.C., F.S.&M. RR.Consol. Mtg.

May 1,1888

May 1, 1928

6

May & Nov.

Total

721 42

1 027020

16,623000

23 042 05

Bonds and notes against which

consol. 6s of 1888 are reserved :

K. Cy., Sp. & Mem. RR., Plain )

(retired by friends of the com- J-
pany and held in suspense). . )

May 1, 1884

May 1,1894

338,000

K. C., Ft. 8. & a. RR. Co.:

10- Year Coupon Notes. .

Dec 1 1885

Hep 1 1 •,'!-,

o

6 000

100,000

Jan 15' 1886 Jan 15' 1896

5

10200

170,000

1' It Cl

Feb 15* 1886 Poh 1K 1WQft

g

3,000

50,000

Total

721.42

1 046,220

17,281,000

23,954 14

Kansas Equipment Co.:

1st Mtg. on RollingStock Pur-

chased with Proceeds of B'ds>

Dec 26 1889

Jan. 1, 1905

5

Jan & July

38,050

761,000

Total Bonded Debt

1,084,270

18,042,000

Bonds of other Cos. guaranteed:

K. C., Clinton & So'gT d Ry. Co.

Oct 1, 1885

Oct. 1, 1925

5

April &Oct.

159,600

3,192,000

Kansas City Belt Ry. Co

July 1, 1886
Oct. 1, 1887

July 1, 191B
Oct. 1, 1927

6
5

Jan. & July
April & Oct.

32,040
80,300

534,000
1,606,000

Current River RR. Co

Kan. City & Mem. Ry. & Br. Co.

Oct. 1, 1889

Oct. 1, 1929

5

April & Oct.

150,000

3,000,000

NOTE.— Average interest per mile per annum on total bonded debt, as above ($18,042,000), $1.530.87;
average rate per annum, 6.12 p. c.

484 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

The consolidated mtge. bonds (trustee, New England Tmst Co., Boston, Mass.), will retire all the bonds
except those of the Kansas City and Mem. Ry. and Dr., the Current River, the Kansas City, Clinton and
Springfield, the Kansas City Belt Ry. and the Kan. Equip. Co., which are not covered by this mtge. The
guaranteed bonds of 1910 (excepting the M., K. & C. bonds, which have no sinking fund) have a sinking fund
of 1 n c of the whole issue annually, with which bonds are bought at 110, or if not offered are drawn at 105.
In addition to the railroad from Kansas City, Mo., to Baxter Springs, Kan., 159.92 m., the K. C., F. S. & G.
lats of 1908 are a lien on 42 locomotives, 22 passenger cars, 1 combination car, 12 baggage, etc., cars, 437 box
care 712 coal cars, 50 flat cars, 56 stock cars, 25 caboose cars, and 4 other cars, and also upon all the securities

on K C* F S & G Ists of 1908 and guaranteed bonds, on consols of 1928, and on Kansas equipment bonds,
at the National Webster Bank, Boston; on bonds of Kansas City and Memphis Ry, and Bridge Co. at the
Second National Bank, Boston.

Sinking Fund Account, Leased Lines Mtges., June 30, 1897, consisted of bonds (cost)
and cash as follows: F. S., S. E. & M., $275,326.21 ; S. C. & J., $56,692.09— total, $332,-
018.30.

Sinking Fund Account, Kansas Equipment Mtge., June 30, 1897, consists of cost of
$104,000 bonds purchased, $98,577.25 ; cash, in hands of trustees, $444.86— total, $99,022.11.

Land Department. — There were sold during the year three town lots for $34.50. Re-
ceipts: On above sales, $34.50 ; payment on credit sales, $51.67 ; royalty and rent, $3,975.65
— total, $4,061.82. The expenses of the department amounted to (total, $1,457.48 ; less
refunded taxes $27), $1,430.48. Net receipts, $2,631.34. The value of unsold lands and the
assets of the department at the close of the year were as follows : Unsold coal lands, 1,-
884.24 acres, valued at $69,716.88 ; unsold agricultural lands, 1,105.72 acres, valued at
$12,162.92 ; land, the surface of which has been sold but mineral rights reserved, 2,428.37
acres, valued at $60,709.25 ; town lots unsold, valued at $2,379 ; unpaid principal on con-
tracts, $7,460 ; funds held by and due to trustees, $39,198.53. Total value of assets, $191,-
626.58. Proceeds of land and lot sales are applicable to the reduction of the K. C., F. S. &
G. 7 p. c. mtge. bonds.

Of the " coal lands unsold " reported last year, 200 acres have been transferred to " agri-
cultural lands unsold," because the coal has been mined from under about forty acres, and the
remainder of the land was found to have no coal under it.

Directors (elected March 9, 1898). — H. H. Hunnewell, Charles Merriam, Nathaniel
Thayer, John A. Burnham, T. Jefferson Coolidge, B. P. Cheney, C. W. Courtright, Francis
Bartlett, T. J. Coolidge, Jr., Boston, Mass.; Edward S. "Washburn, Kansas City, Mo.; B. P.
McDonald, C. W. Blair, Fort Scott, Kan.; O. E. Learnard, Lawrence, Kan.

H. H. HUNNEWELL, Chairman of Board Boston, Mass.

EDWARD S. WASHBURN, President and General Manager.. Kansas City, Mo.

Sec. and Treas.— Charles Merriam Boston, Mass. | Comptroller— J '. S. Ford Kansas City, Mo.

PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.

Financial Office 50 State St., Boston, Mass.

KANSAS CITY, PORT SOOTT AND MEMPHIS RAILROAD SYSTEM.—

CURRENT RIVER RR. CO.

Line of Road.— Willow Springs to Grandin, Mo 81.95 miles.

Ridings, etc., 9.43 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs.

History.— Chartered Jan. 15, 1887; road opened July 1, 1888. The Kansas City, Fort
Scntt and Memphis RR. Co. owns a majority (|942,000) of the capital stock.

Rolling Stock, June 30, 1897.— Locomotives, 6. Cars— passenger, 2 ; freight (box, 100 ;
flat, 100 ; caboose, 4), 204— total cars, 206.

Operations, year ending June 30, 1897.— Train mileage— passenger, 567 ; mixed, 50,-
607; freight, 50,847; other, 17,412— total, 119,433 miles. Passengers carried, 23,385; carried
one mile, 615,312 ; average mile rate, 2.94 cents. Tons freight moved, 146,227; moved one
mile, 8,717,895 ; average mile rate, 1.36 cents. Earnings— passenger, $18,487.28 ; freight,
$118,561.72 ; mail and express, $5,249.01 ; miscellaneous, $3,983.82— total, $146,281.83. Ex-

POOR'S MANUAL — KANSAS CITY, FORT SCOTT AND MEMPHIS SYSTEM. 485

penses — transportation, $16,255.74 ; motive power, $29,770.55 ; maintenance of cars, $10,-
791.30; roadway, etc.. $43,347.14; general and taxes, $7,997.33— total, $108,162.06. Net
earnings, $38,119.77. Paid interest on bonds ($80,300 ; less miscellaneous interest received,
$105.61), $80,194.39. Deficit, $42,074.62 ; deficit forward, $164,360.35— total, $206,434.97.

Financial Statement, June 30, 1897. — Capital stock authorized, $20,000 per mile ; par,
$100), $1,606,000 ; funded debt (1st mtge. 5 p. c. 40-yr. $1,000 currency coupon bonds, due
Oct. 1, 1927, interest April and Oct., at the Boston^ National Union Bank), $1,606,000 ; bills
payable, $202,000 ; accrued interest, $20,075 ; current accounts, $30,670.65— total, $3,464,-
745.65. Contra: Cost of road, $3,046,801.80 ; equipment, $175,720.60 ; materials, etc.,
$4,410.74 ; cash, $3,522.29 ; current accounts, $27,855.25 ; profit and loss, $206,434.97—
total, $3,464,745.65. The bonds are limited to $20,000 per mile, and are guaranteed by the
K. C., F. S. & M. RR. Co. Trustee : New England Trust Co., Boston, Mass.

Directors (elected March 9, 1898).— Edward S. Washburn, Wallace Pratt, J. S. Ford,
P. D. Ridenour, J. B. White, Kansas City, Mo.

EDWARD S. WASHBURN, President and General Manager. Kansas City, Mo.
Treasurer— Charles Mcrriam Boston, Mass. | Sec. & Compt.—3. 8. Ford Kansas City, Mo.

PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.

Financial Office Boston, Mass.

KANSAS OITT, PORT SCOTT AND MEMPHIS RAILROAD SYSTEM.— KANSAS
CITY, CLINTON AND SPRINGFIELD RY. CO.

Main Line of Road.— Olathe, Kan., to Ash Grove, Moi 154.22 m.

Branch : Raymore June, to Pleasant Hill, Mo 8.41 m. — 162.63 miles.

Sidings, 21.13 miles. Gauge, 4 ft. 8* in. Rail (steel, 163.79 m.), 56 Ibs.

Historj.— Consolidation, Feb. 12, 1895, of the K. C., C. & S. and the Pleasant Hill and
De Soto RR. Cos. Road opened Nov. 1, 1885. The K. C., F. S. & M. RR. Co. owns one-half
of the capital stock of this company. (See MANUAL for 1888, p. 774.) This company owns,
but does not operate, a line from Cedar June, to Olathe, Kan., 11.49 miles.

Rolling Stock, June 30, 1897. — Locomotives, 12. Cars — passenger, 6 ; baggage, etc., 3 ;
freight (box, 100 ; coal, 175 ; caboose, 8), 283— total cars, 292.

Operations, year ending June 30, 1897.— Train mileage— passenger, 163,062 ; freight,
149,424 ; other, 9,836— total, 322,322 miles. Passengers carried, 116,846 ; carried one mile,
3,876,644 ; average mile rate, 2.371 cents. Tons freight moved, 220,800 ; moved one mile,
21,314,425 ; average ton-mile rate, 0.997 cent.

Expenses— Transportation $42,777 58

Motive Power 59,272 46

Maintenance of Cars 11 ,236 63

Maint. Way and Buildings 83,568 0>l

General and Taxes 28.507' 30

Earnings — Passenger

Freight 212; 465 31

Mail 16,12755

Express 6,318 00

Miscellaneous 1,244 46

Total ($2,029.42 per mile) $330,044 70

Total ($1,385.74 per mile) $225,361 97

Net earnings (31.72 p. c.), $104,682.73 ; other receipts, $110.60— total, $104,793.33. Paid
interest on funded debt, $163,660. Deficit, $58,866.67 ; deficit forward, $407,807.76— total,
$466,674.43.

Capital stock, bonded debt, gross and net revenue,

etc., for eight

Vpara Capital
*ears- Stock.

Bonded
Debt.

& Invest*
incuts.

RR.
Oper-
ated.

Gross
Earn-
ings.

Expenses
& Taxes.

Net
Earn-
ings.

Net
Income.

$

1890. .1,775,400

3,250,000

5,054,645

Miles.
162.63

354,477

S

203,343

151,134

$
151,134

1891.

.1,775,400

2,250,000

5,054,622

162.63

385,623

245,256

140,367

140,367

1892.

.1,775,400

3,250,000

5,054,870

162.63

317,544

221,856

95,688

95,688

1893.

.1,775,400

3,250,000

5,052,693

162.63

351,560

228,360

123,200

123,200

1894.

.1,775,400

3.250,000

5,052,693

162.63

338,528

209,427

129,102

129,102

1895.

.1,775,400

3,250,000

5,043,321

162.63

414,328

239.143

175,185

175,247

1896.

.1,775,400

3,250,000

5,043,321

162.63

403,916

238,206

165,710

165,875

1897,

.1,775,400

3,250,000

5,043,321

163,63

330,045

225,362

104,683

104,793

fiscal years !

Interest Total

Paid- Ss.

9 $

175,944 175,944

177,664 177,664

163,744 163,744

163,660 163,660

163,660 163,660

163,660 163,660

163,660 163,660

163,660 163,660

Balance
(+ or-)

$

-24,809
-37,297
-68.056
-40,460
-34,558
+ 11,587
+ 2,214
-58,867

486 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

General Balance Sheet, July 1, 1897.

Cost of Road

Cost of Equipment

Materials and Fuel on Hand 10.&98 f?

Current Accounts 30, 416

Cash on Hand 25,58308

Profit and Loss 466,67443

Total Assets $5,576,893 15

Capital Stock fl.775,400 00

Funded Debt Outstanding 3,250,000 00

Bills Payable 484,000 00

Accrued Interest 40,91500

Unpaid Coupons 1,60250

Unpaid Vouchers 20,272 13

Current Accounts 4,703 52

Total Liabilities $5,576,893 15

RR. bonds on the line from Pleasant Hill, Mo., to Cedar June., Kan., 44.89 miles. Trustee of bonds: New
England Trust Co., Boston, Mass.

Directors (elected March 9, 1896).— B. S. Washburn, Wallace Pratt, J. S. Ford, J. H.
Emmert, J. J. Fletcher, J. K. Burnham, Kansas City, Mo.; W. C. Wetherill, Joplin, Mo.;
C. W. Goodlander, Fort Scott, Kan. ; "WV C. Rogers, Springfield, Mo.

EDWARD S. WASHBURN, President and General Manager. Kansas City, Mo.
7V«wur«r-Charles Merriam Boston, Mass. | Sec. & Compt.—3. S. Ford Kansas City, Mo.

PRINCIPAL OFFICE AND ADDRESS , , . , , Kansas City, Mo.

KANSAS CITY, FORT SCOTT AND MEMPHIS RAILROAD SYSTEM.— KANSAS
CITY, MEMPHIS AND BIRMINGHAM RR. CO.

Main Line of Road.— Memphis, Tenn., to Birmingham, Ala. . .253.24 m.

Aberdeen Branch : Aberdeen June., Miss., to Aberdeen, Miss 12.27 m.

Bessemer Branch : Ensley, Ala., to Bessemer, Ala 11.06 m. — 276.57 miles.

Sidings, 49.42 miles. Gauge, 4 ft. 8£ in. Rail (steel, 309.94 m.), 60 and 65 Ibs.

Included above are 2.25 m. main line, and 0.73 m. side track, in Memphis, Tenn., owned
jointly with the K. C. , Ft. S. & M. RR. Co.

History.— Consolidation, Feb. 1, 1887, of the K. C., M. & B. RR. Co. and the Memphis
and Birmingham Ry. Co. The K. C., F. S. & M. RR. Co., which owns half of the stock of
tbis company, gives a traffic guarantee of 10 p. c. of gross earnings on business to and from this
road, for 40 years from March 1 , 1887, to be applied to payment of any arrears of interest aud
to purchase of income bonds at not exceeding 100 and accrued interest. (See MANUAL for
1891, page 268.) Reorganized in 1894, without foreclosure, in accordance with the terms of
the plan of Nov. 23, 1893, published in the MANUAL for 1894, p. 1343.

Rolling Stock, June 30, 1897. — Locomotives, 43. Cars — passenger, 22 ; 'combination, 1;
baggage, mail and express, 6 ; freight (box, 490 ; refrigerator, 50 ; flat, 148 ; stock, 13 ; coal,
1,040; caboose, 25), 1,741 ; other cars, 3 — total cars, 1,798. Included in this equipment, are
30 locomotives, 20 passenger cars, 470 box, 50 refrigerator, 83 flat, 10 stock, 1,040 coal, and
24 caboose cars, owned by equipment companies.

Operations, year ending June 30, 1897. — Train mileage— passenger, 409,993 ; freight,
598,890 ; mixed, 10,080 ; other, 164,759— total, 1,183,722 miles. Passengers carried, 202,286;
carried one mile, 10,391,455 ; average mile rate, 2.46 cents. Tons freight moved, 818,077 ;
moved one mile, 101,351,824 ; average ton-mile rate, 0.91 cent.
Earnings— Passenger $256,042 02

Freight 918,485 52

Mail 39,455 54

Express 17,134 03

Miscellaneous 10,276 02

Total ($4,488.53 per mile) $1,241,393 13

Expenses— Conducting Transportation $196,525 49

Motive Power 204,924 83

Repairs of Cars 150,177 37

Road, Bridges and Buildings 223,095 92

General and Taxes 151 ,486 74

Total ($3,348.92 per mile) $926,210 35

Net earnings (25.39 p. c.), $315,182.78; add other receipts, $25,790.95— total, $340,-

973.73. Paid interest on general mtge. bonds, $126,745.20 ; on equipment bonds, $71,340 —

total, $198,085.20. Surplus, $142,888.53 ; surplus forward, $72,545.20— total, $215,443.73.

From the surplus a payment of 2 p. c. on income bonds, amounting to $126,745.20, was

made ou Sept. 1, 1897.

POOR'S MANUAL— KANSAS CITY, FORT SCOTT AND MEMPHIS SYSTEM. 487

%

Capital stock, bonded debt, gross and net revenue, etc., for seven fiscal years :

v«.. Capital
Yeare- Stock.

w A~A Cost RR.
Funded a H T
Debt

"em- vestments.

RR.
Oper-
ated.

Gross
Earn-
ings.

Expen.
and
Taxes.

Net
Earn-
ings.

Net
Ineome.

Interest
Paid.

Total
Pay-
ments.

Balance.
(+or_)

$

$

$

'MUes.

•

$

$

$

|

$

$

1891. .5.95(UOO

8,083,000

14,072,481

276 57

1,192,165

961,248

230,917

251,040

427,105

427,105

— 176,066

1892.

.5,956,000

8,943.500

14.068,466

276 57

1,174,372

958,781

215,591

236,477

95,471

95,471

+ 141,006

1893

.5,956,000

8,942,500

14,061,247

276 57

1,168,948

989,191

179,757

206,853

104,077

116,077

+ 90,776

1894.

.5,956,000

8,942.500

14,063,436

27657

1,077,847

895,807

182,040

212,833

305,512*1,167,012

— 954,179

1895.

.5,956,000

10.675.045

15,627,491

276 57

1,035,605

872,578

163,027

187,688

145,314

145,314

+ 42,374

18%.

.5,976,000 10,686,935

16,438,950

276 57

1,189,651

965,890

223,761

249,510

176,965

176,965

+ 72,545

1897.

.5,976,000

10,689,905

17,460,780

276 57

1,241,393

926,210

315,183

340,974

198,085

198,085

+ 142,889

* Including 5 coupons, Sept., 1891,

to Sept.,

1893, inclusive, funded into 10-yr.

notes which have

not been

charged to income account, now to be funded into income

bonds.

General Balance Sheet, June 30, 1897.

Cost of Road ...$15,056,136 59 Capital Stock (par, $100) $5,976,000 00

"1,666,030 00
53,916 57
66,973 40
9,467 20
146,011 94
215,433 73

50*000 00

55 442 80

Cash and Bills Receivable

555,268 69

K C S. ft M RR Traffic Guarantee .

8 425 13

Trust Account...

53.916 57

Income Account Balance...

Total Assets $17,133,832 84

Total Liabilities $17,133,832 84

The funded debt outstanding consisted, June 30, 1897, of :

Gen. mtge. 4 p. c. 40-yr. $1,009 bonds, due March 1, 1934, interest March and Sept $8,159,010

Income 5 p. c. 40-yr. bonds, due March 1, 1934, interest Sept. 1, if earned 6,318,020

Car Trust 15-yr. gold bonds, due March 1, 1903 (Birmingham Equipment Co.) int. March and Sept... 1,000,000
Car Trust 15-yr. bonds, due Aug. 1, 1905 (Memphis Equipment Co.), interest Feb. and Aug 189,000

Trustee of gen. mtge. and income mtge. bonds: Old Colony Trust Co., Boston, Mass. Principal and
interest on both issues is guaranteed by the K. C., M. & B. RR. Co. The bonds may be redeemed on sixty
days' notice at 110 and accrued interest. Interest on gen. mtge. and on Birmingham Equipment trust bonds,
payable at the office of Old Colony Trust Co., Boston, Mass.; on Memphis Equipment trusts, at company's
office, Boston, Mass.

Directors (elected Feb. 2, 1898).— Edward S. Washburn, Kansas City, Mo. ; Nathaniel
Thayer, H. H. Hunnewell, Charles Merriam, T. Jefferson Coolidge, Francis Bartlett, F. L.
Higginson, E. V. R. Thayer, Alex. Cochrane, Boston, Mass.

EDWARD S. W ASHBTTRN, President and General Manager. .Kansas City, Mo.

Stt. & Treat.— Charles Merriam .Boston, Mass. I Comptroller— J '. S. Ford Kansas City, Mo.

General Auditor— C. W. Courtright | Asst. Compt.— Cyrus Garnsey, Jr

PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.

KANSAS CITY, FORT SOOTT AND MEMPHIS RR. SYSTEM.— KANSAS CITY
AND MEMPHIS RAILWAY AND BRIDGE COMPANY.

(Repeated from the MANUAL for 1897 ; all later information refused.)

Line Of Road.— Near Marion, Ark., to Mempkis, Tenn 2.9 miles.

Sidings, etc., 1 mile. Gauge, 4 ft. 8i in. Rail (steel), 80 Ibs.

History.— Chartered Nov. 21, 1887 ; operations begun May 12, 1892. The bridge, in-
cluding trestle-work, viaducts, etc., is 1.6 m. long, and the surface road, 1.3 milea. This
company owns no rolling stock.

Operations, year ending June 30, 1896. — Passengers carried, 179,798 ; carried one mile,
432,297. Tons freight moved, 645,987 ; moved one mile, 1,637,910. Earnings — passenger,
$81,351.50 ; freight, $224,884.57 ; miscellaneous, $1,777.32— total, $308,013.39. Operating
expenses and taxes, $100,636.90. Net earnings, $207,376.49 ; interest received, $0,686.33—
total, $210,062.82. Payments: Interest on bonds, $150,000; sinking fund, $10,000; divi-
dends (2$. p. c.), $78,000— total, $238,000. Deficit, $27,937.18.

Financial Statement, June 30, 1896.— Capital stock, $3,000,000 ; funded debt (1st mtge.
5 p. c. 40-yr. $1,000 gold coup, bonds, with privilege of registration, dated Oct. 1, 1889, in-
terest April 1 and Oct. 1 ; principal and interest, guaranteed by the K. C., F. .S. & M. RR.
Co.), $3,000,000— total stock and bonds, $6,000,000. Trustees of bonds: -Bay State Trust
Co., Boston, Mass. Bonds are payable, principal and interest, at the Second National Bank,
Boston, Mass., or at the office of the Union Trust Co., New York, N. Y.

488 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

JMrectors (elected Nov. 3, 1897). — Edward S. Wasliburn, Wallace Pratt, W. H. Cate, J.
W. Kennard, J. F. Smith, Kansas City, Mo.

EDWARD S. WASHBURN , President Kansas City, Mo.

Treasurer— Chas. Merriam Boston , Mass. | Secretary— J '. S. Ford Kansas City, Mo.

PRINCIPAL OFFICE AND ADDBESS Kansas City, Mo.

LAKE SHORE AND MICHIGAN SOUTHERN RAILWAY COMPANY.

Main Line of Road.— Buffalo, N. Y., to Chicago, 111 540.04 miles.

Sandusky Division : Elyria June, to Millbury June. , O. , via Sandusky. 73.24 m.

.. T. T.- • • (Air-Line June, to Elkhart, Ind 131.10m.

Air-Line Dmmon : j Air.Line Junc> to ohio-Micb. State Line 7.61 m. .

Jackson Branch: Lenawee June, to Jackson, Mich 42.16 m.

Monroe Branch : Lenawee June, to Monroe, Mich 29.45 m.

Ashtabula Branch : Ashtabula, O., to Penn. State Line, Pa 30.72 m.

Other KTS.: Sandusky Pier, 3.88; Ashtabulaffar.,2.35;Dunkirk,l. 62. 7.83 m.— 322.11 "

f Central TrunkJRR.: Ohio State Line to Jamestown, Pa. 5.26 in.

I Detroit, Monroe & Toledo RR.: Ohio St. Line to Detroit. 54.76 m.

Proprietary j Kalam. &Wh. Pig. RR.: White Pigeon to Kalamazoo. 36.54 m.

Roads : 1 North. Central Mich. RR.: Jonesville to No. Lansing. 61.36 m.

j Detroit and Chicago RR.: Grosvenor to Fayette 25.56 m.

(. Sturgis, Goshen and St. Louis RR. : Goshen to Findley. 36. 13 m.— 219.61
(Kalamazoo, Allegan & Gr. Rap. RR. (see page 492). 58.45 m.

I Jamestown and Franklin RR. (see page 491) 50.91 m.

Leased Lines :•{ Mahoning Coal RR. (see statement on page 492) . . . 50.20 m.
Detroit, Hittsdale and Southwestern RR. (see p. 491). 64.76 m.

[Fort Wayne and Jackson RR. (see page 491) 97.83 m.— 322.15 "

Total length of road operated, Dec. 31, 1897 '. . . .1,403.91 miles.

2d track, 490. 57 in.; 3d track, 9.63 m.; sidings, 746.92 miles. Gauge, 4 ft. 8* in. Rail (steel,
2,643.50 m.), 60, 65, 71 and 80 Ibs.

The old main line between Silver Creek and Dunkirk, 7.84 m., is leased to the N. Y., C.
& St. L. RR. Co., and used in connection with that company's main track. Total length of
lines owned and leased, 1,411.75 miles, and the total length of 2d track owned is 498.41 miles.
The proprietary lines are wholly owned and their accounts are included in those of the L. S.
& M. S. Ry. Co.

History. — Consolidation, in 1869, of the Michigan Southern and Northern Indiana, the
Cleveland and Toledo, the Cleveland, Painesville and Ashtabula, and the Buffalo and Erie
RR. Cos. (See MANUAL for 1885, p. 549.) The proprietary roads have been acquired since
the consolidation. The Silver Creek and Dunkirk Ry. was built during 1892. The com-
pany owns a controlling interest in the N. Y., Chic. & St. Louis Ry. Co. and in the Pittsburgh
and Lake Erie RR. Co.

In Dec., 1897, this company ceased to operate that portion of the Detroit and Chicago
RR. extending from Chandler to Corbus, 35.75 miles in length, and known as the Dundee
Branch; a part of that branch, 26.47 miles eastward from Dundee, was sold to the Detroit
and Lima Northern Ry. Co., and the remaining part, 9.28 miles westward from Dundee, was
abandoned.

In Feb., 1898, the New York Central and Hudson River RR. Co. purchased a majority
of the capital stock of this company, giving in exchange its 3* p. c. collateral trust bonds at
the rate of $200 in bonds for $100 in stock. Up to May 15, 1898, $42,528,400 had been so
exchanged (see GENERAL INDEX for N. Y. C. & H. R. RR. Co.).

Rollins* Stock, Dec. 31, 1897. — Locomotives, 518. Cars — passenger (1st class, 229 ;
smoking, 34; combination, 19; emigrant, 11), 293; postal, 27; postal and baggage (combined),'
L8 ; baggage, postal and express (combined), 1 ; baggage, 64 ; buffet, 5 ; dining, 10 ; freight
0,907; stock, 706; flat, 2,224; coal, 4,826; ore, 48), 18,711— total revenue cars. 19,129.
Also, 279 Caboose, 2 pay, 63 tool, 190 dumper, 5 officers', 14 derrick, and 157 miscellaneous
(road dep't) cars; also buffet cars owned jointly (10), this company's share being, approxi-
mately, 3. Marine equipment: 1 tug, 1 dredge and 2 scows.

POOR'S MANUAL — LAKE SHORE AND MICHIGAN SOUTHERN RY. CO. 489

Operations, year ending Dec. 31, 1897 (aver., 1,436.7m.). — See tabulated statement below.

rnhiss— Passenger $4,247,716 63

Freight 13.734,282 07

Mail ; 1,494,597 67

Express 541,171 96

Rents and Other Sources 279,953 66

Total ($14,128.02 per mile) $20,297,721 99

Expenses— Transportation $7,877,602 45

Maintenance of Equipment 2,271 ,307 53

Maintenance of Way, etc 2,375,215 68

General 342,850 02

Taxes 675,514 84

Total ($9,426.11 per mile) $13,542,490 55

Net earnings (33.28 p. c.), $6,755,231.44; add interest and dividends, $395,620.95— total,
$7,150,852.39. Payments: Interest on bonds, $2,716,347.50; rentals, $635,895.20; dividends
(10 p. c.) on guaranteed stock, $53,350; on common (6 p. c.), $2,967,990— total, $6,373,582.70.
Surplus, $777,269.69: surplus forward, $11,535,220.14— total, $12,312,489.83; from which
deduct payments incidental to exchange of untnatured bonds for new 3£ p. c. gold bonds,
$4,012,828.91; co.'-t of Chicago track elevation, balance to Dec. 31, 1897, $745,508.73; sundry
accounts written off, $2,319.77— total deductions, $4,760,657.41; leaving net surplus, Dec. 31,
1897, $7,551,832.42.

General Balance Sheet, Dec. 31, 1897.

Construction (862.15 m.) $66,700,000 00

Equipment (518 engines, 19,842 cars)... 17,300,000 00

Proprietary Roads 5,095,836 65

Jamestown and Franklin RR. (50.91 m.) 2,055,777 39

Stocks and Bonds Owned 12,534,201 02

Supplies, Fuel, etc 960,047 m

Cash 2,225,377 76

L'nrollected Earn'gs and other open A'ts 1,264,769 23

General Office Prop, and other R. Es'te. ' 486,007 59

Total Assets $108,622,017 47

Capital Stock, Guaranteed.... $533, 500

Capital Stock, Common 49,466,500— $50,000,000 00

Funded Debt (L. S. & M. S. Ry.) 46,923,500 00

Funded Debt (D. M. & T. RR.) 924,000 00

Funded Debt (K. & W. P. RR.) 400,000 00

December Liabilities (paid in Jan.) 1,295,680 75

Dividends, Feb., 1897, and old Div'd's.. 1,527,004 30

Profit and Loss 7,551,832 42

Total Liabilities $108,622,017 47

Statement of operations, income, and capital accounts, etc., for seven fiscal years :

1891

1892

1893

1894

1895

1896

1897

Miles Railroad Operated.
Passenger Train Miles. . .
Freight Train Miles . .
Total Engine Mileage —
Pai'sen^ers Carried

1,445.19
4,635,756
7,921,041
19,692,075
5,809,295
246,944,673
$5,C76,509
2.177 C.
12,019,016
2,168,727,231
$13,893, 639
0.628 C.
$
21,431,387
14,632,670

1,445.19
5,000,351
8,831,394
21,939,010
5,846,755
247,850.982
$5,391,385
2.175 c.
13,643.7-17
2,435.079.712
$14,851,475
0.599 c.

23,415,382
15,803,190

1,439.90'
5,323,330

8,805,512
21,131,158
5,311,086
334,207,812
$6,993,060
2.092 c.
13,142,844
2,4','7,692.0-.30
$14,490,259
0.587 c.
$
23,685.932
17,123,913

1,439.90
4,588,880
8,218,912
18,491,310
4,542,924
198,292,265
$4,420.641
2.229 c.
12,142.250
2,196,244,568
$12,844,275
0.572 C.
$
19,557,871
13,186,068

1,439.90
4,510,187
7,773,337
18,397,067
4,627.175
210,966.572
§4,512,372
2.139 C.
14,382,641
2,475,757,176
$14,157,425
0.561 c.
$
21,016,035
14,568,220

1,439.66
4,655,339
7,391,380
17,815,740
4,519,887
211,120,596
§4,520,045
2.141 c.
13.662,419
2,377,034,118
$13,289,042
0.549 c.
$
20,193,958
13,726,155

1,40-5.91
4,616,220
7,703,105
1S,0(>4.790
4,297,745
210,487,402
$4,247,717
2.018C.
A 14,037,2.«'4
2,473,436.58')
$13,734.28-3
0.545 c.
$
20,29r,722
13,54-^,491

Passenger Mileage

Passenger Earnings
Average Rate per Mile . .
Freight (tons) Moved
Freight (ton) Milef
Freight Earnings
Average Rate per Mile.. .

Gross Earnings

Expenses and Taxes —

Net Earnings.

6,798,711
455,623

6,612,192
483,242

6,562,019
459,132

6,371,803
409,356

6,447,815
412,979

6,467,803
354,811

6,755,231
395,621

Other Receipts

Total Net Income
Interest Charges

7,254,334
. 3,204,370
557,154
(10) 53,350
(6) 2,967,990
471,470
14.829 46
10,125 09
4,704 87
68.27 p. c.
1,122.63
2,512.25
2,324.35
560
210
106
20,361
$
50,000,000
45,766,000
1,225,143
1,758,003
11.612,510

7,095,434
3,201,710
603,546
(10) 53,350
(6) 2,967,990
268,838
15,510 34
10,935 03
4.575 31
70.50 p. c.
1,131.34
2,627.41
2,517.25
584
265
106
21,089
$
50,000,000
45,516,000
1,572,876
1,510,670
. 11,881,348

7,021,152

3,173,763
597,395
(10) 53,350
(6) 2,967,990
228,654
16,291 31
11,777 92
4,513 39
72.29 p. c.
1.126.05
2,653.81
2,571.94
591
321
107
21,327
$
50,000,000
45,266,000
1,275,453
1,510,670
12,019,106

6,781,159
3,151,946
606,923
(10) 53,350
(6) 2,967,990
950
13,582 80
9,157 63
4,425 17
67.42 p. c.
1,126.05
2,661.78
2,600.13
590
318
106
20,216
$
50,000.000
45,016,000
1,235,812
1,510,670
11,834.805

6,860,794
3,134,370
644,759
(10) 53,350
(6) 2,967,990
60,325
14,595 70
10,117 52
4,478 18
69.32 p. c.
1,126.05
2,668.76
2,644.14
576
317
105
19,450
$
50,000,000
44,766,000
1,235,797
1,510,670
11,637,485

6,822,614
3,117,745
629,119
(10) 53,350
(6) 2,967,990
54,410
14,026 89
9,534 30
4,492 59
67.97 p. c.
1,125.35
2,659.18
2,647.18
548
313
105
20,046
$
50,000,000
44,516,000
1,129,014
1,526,500
11,535,220

7,150,852
2,716,347
635,895
(10) 53,3.rO
(6) 2,967,990
777,270
14,12802
9,426 11
4,701 91
66.72 p. c.
1,089.60
2,651.03
2.643.50
518
311
110
19,421
$
50,000,000
48,247,500
1,295,681
1,527,004
7,551,832

Lease Rentals

Guar. Dividends

Common Dividends
Balance, Surplus

Gross Earnings per Mile.
Gross Expenses per Mile.
Net Earnings per Mile. . .
Expenses to Earnings. ..
Miles Railroad Owned. . .
Miles Track Operated. . .
Miles Steel Rail

Locomotives

Passenger Cars

Baggage, etc., Cars
Freight and Other Cars. .

Capital Stock

Funded Debt

Current Liabilities
Dividends

Income Balance

Total Liabilities
Const., Equip., etc
Proprietary Roads
Other Investments
Materials and Fuel
Current Accounts

110,361,656
84,000,000
4,291,450
15,759,287
879,118
1,165,642
276,606
3,989,553

110,480,894
84,000,000
4,725,091
16,363,551
1,133,9*3
3,203,175
276,606
778,538

110,071,229
84,000,000
4,760,058
15,673,015
1,058,326
1,963,729
276,606
2,339,495

109,597,287
84,000,000
4,775,653
15,666,712
937,168
2,328.624
276,606
1,612,525

109,149,952
84,000,000
5,189,762
14,484,834
821,627
1,553,872

108,706,734
84,000,000
5,250,614
14,612,451
948,568
1,584,074

108,622,017
84,000,000
5,095,837
14,589,978
960,048
1,264,769

Advances and Dues
C:ish Assets

3,099,857

2,311,027

2,711,385

Total Assets . . .

110,361,656 110.480.894

110,071,229

109,597,287

109,149,952

108,706,734

108,622,017

490 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Statement of stock and bonds held, and advances made to other companies, Dec. 31, 1897:

DBSCBIPTION OF SECURITIES.

Value at Par.

Ledger
Valuation.

J

$
980,887 39
732,400 00
342,490 00
575,700 00
37,192 81
2,675,696 27

8,447,746 94

568,585 00

30000
200,000 00
28,980 00

Jamestown and Franklin RR.-Bonds (1st mtge., $898,000 ; 3d mtge, $500,000) .
Jamestown and Franklin RR.— Capital Stock
Merchants' Despatch Transportation Co

798,000
525,250

Capital Advanced to Co-operative Despatch Lines
Pittsburgh and Lake Erie RR., 40,001 shares

2,503,000 )
6,275,000 V
6,240,000 |
399,500*
865, 900 )

Mahoning coal RR.j^J™;;;;;--- ;•;••;;•••;;;;;; ;

Terminal Ry. Co. of Buffalo, 5,000 shares at §40 each
Pittsburgh, Chartiers and Youghiogheny RR. , General Mtge

29,000

14,589,978 41

Statement of funded debt, Dec. 31, 1897 :

CHARACTERISTICS or BONDS.

Miles
Cov'd
by
Mtge.

Date of

Issue.

INTEREST.

Date of
Maturity.

Amount of
Bonds.

Annual
Charge.

Rate.

Period.

Lake Shore and Michigan Southern
Consolidated 1st Mtge. (S. F.)

Ry. ($46
859
859
258
88
1,024
L. S. tfc
55
37
36

&M.S.
58
51
51
43

923,500; ani
July 1, 1870
Dec. 1, 1873
April 1,1869
April 1, 1868
June 1,1897
M. 8. Ry. 6
Aug. 1, 18T6
Jan. 1, 1330
Dec. 1, 1889

Ry. Co. on a
July 1, 1888
July 1, 1863
June 1, 1869
July 1, 1884

lual charge, $2,405,
7 p. c. J..A..J.&O.

270).
July 1, 1900
Dec. 1, 1903
April 1, 1899
April 1, 1898
June 1, 1997
lal charge, $
Aug. 1, 1906
Jan. 1, 1940
Dec. 1, 1989

3,138,000 ; ai
July 1, 1938
Various.
June 1, 1894
July 1, 1934

$9,826,000
9,081,000
1,063,500
1,829,000
25,125,000
D6.710).
$924,000
400,000
t401,000

inual chargt
$840,000
298,000
500,000
1,500,000
'

$687,750
635,670
74,445
128,030
879,375

$64,680
20,000
12,030

$172,860).
$42,000
20.860
35.000
75.000

Consolidated 2d General Mtge. . .

7 p. c.
7 p. c.
7 p. C.
3ip.C.

j. C$1,1;

7 p.'c.
5 p. C.
3 p. c.

ccount
5 p. C.
7 p. c.
7 p. c.
5 p. c.

June & Dec.
April & Oct.
April <fe Oct.
June&Dec.
25,000; anm
Feb. & Aug.
Jan. & July
June & Dec.

of Rental ($
Jan. & July
Jan. & July
June & Dec.
Jan. & Jnly

Dividend (L. S. Ry.)

* Mortgage (B. & Erie)

Gold Bond Mtge

1'rom-ietary Bonds Owned wholly by
1st Mortgage (D., M. & Tol.) Guar. .
1st Mortgage (Kal. & W. P.)

1st Mortgage (S., G. &St. L. RR.)..

Leased Roads, Interest paid by L. S.
1st Mortgage (K., A. & G. Rapids). .
1st Mortgage (J. & Franklin)
2d Mortage (J. & Franklin)

1st Mortgage (Mahoning Coal RR.)..

* These bonds were paid off at maturity by an issue of new 3i p. c. bonds (see below), t Includes
$79,000 Battle Creek and Sturgis 1st mtge. bonds on road Sturgis to Findley, Mich.

The consol. 1st mtge. bonds are both coupon and registered; the coupons are paid Jan. and July, and
the registered interest quarterly, Jan., April, July, and Oct. Total authorized issue, $25,000,000, of which
f6,600,000 have been retired by action of the sinking fund, which retires bonds of this class at the rate of
$250,000 per year— 1 p. c. of authorized amount. Of the outstanding bonds of the L. S. & M. S. Ry. proper,
$19,000,000 are covered by the consol. 1st mtge.

The Lake Shore Ry. dividend bonds were issued at the time of the consolidation of the Cleveland and
Toledo and the Cleveland, Painesville and Ash tabula Cos., being distributed to equalize values. They were
not at first secured by mortgage, but when the present company was formed all the local mortgages, these
included, were given a mortgage covering the property of the company, and the bonds were stamped to that
effect. Trustee: O. H. Payne, Cleveland, O.

The authorized issue of 3£ p. c. gold bonds of 1897 is $50,000,000, of which' $6,808,000 " are to be issued
and delivered to the railway company for use, as far as required, in funding the interest on the outstanding
old bonds of the railway company before the maturity thereof, and except as so required, may be used for the
general purp«ses of the railway company." The remainder ($43,192,000) " are to be issued and from time to
time are to be used for the express purpose of acquiring, by purchase or exchange, or of redeeming, as in said
mortgage provided, bonds of the railway company, or of its predecessor companies, of four issues," as follows:
(a), $2,706,000 Buffalo and Erie RR. 7s of April 1, 1898 (paid); (b), $1,355,000 Lake Shore Ry. dividend 7s oj
April 1, 1899; (c), $14,440,000 Lake Shore and Michigan Southern Ry. 1st mtge. consol. sinking fund 7s of
July 1, 1900; and (d), $24,692,000 Lake Shore and Mich. So. Ry. 2d consol. gen. mtge. 7s of Dec. 1, 1903.
In accordance with these provisions, as above stated, $27,412,000 of these bonds have already been delivered to
the railway company, and $23,636,000, " outstanding old bonds " (viz., $2,705,000 Buffalo and Erie 7 p. c.,
$814,000 Lake Shore 7 p. c. of 1899, $4,911,000 L. S. & M. S. Ry. Co. consol. sinking fund bonds, and $15,706,000
L. S. & M. S. Ry. Co. 2d consol.) already have been retired, and now are held by the United States Trust Co.
as trustee of the new mortgage." The new mortgage requires that the " outstanding old bonds " shall be paid
as they mature, and that in no event shall they be extended, so that after Dec. 1, 1903, the new mortgage will
be a first mortgage upon the railroads and franchises now owned by the railroad company, upon the laasehold in-
first mortgage upon the railroads and franchises now owned by the railway company, upon the leasehold in-
terests as specified in the new mortgage, upon the equipment and income of all such railroads (whether
owned or leased), and also upon such property, hereafter acquired by the railway company as is stated in
the mortgage. The total authorized issue consists of coupon bonds of the par value of $1,000 each,
numbered consecutively from 1 upwards, and of registered bonds of the par value of $1,000, numbered con-
secutively from Ml upwards, of $5,000, of $10,000, and of $50,000 each, respectively; each of the last three
denominations being numbered consecutively from 1 upwards. Coupon bonds are dated June 1, 1897, and all
registered bonds are dated, and are to be dated, as of the several dates of their issue. All bonds mature
June 1, 1997, interest 3J p. c. payable June 1 and Dec, 1— both principal and interest payable at the oflice

POOR'S MANUAL — LAKE SHORE AND MICHIGAN" SOUTHERN" SYSTEM. 491

or agency of the company in New York City " in gold coin of the United States of the standard of weight
and fineness as it existed June 1, 1897. V Provision is made for the registration of the principal of the coupon
bonds for fl.OOO each, and also at the election of the holders for the issuance in lieu thereof, or in exchange
therefor, of registered bonds without coupons, in denominations of $1,000, of $5,000, of $10,000, and of
$50,000 each; all transfers of registered bonds to be made on the books of the railway company, at its office
or agency in the city of New York. Trustees: United States Trust Co., New York, N. Y., and John T. Dye,
Indianapolis, Ind.

Coupons are paid and stock transfers made at the company's New York office, Grand Central Station;
registered interest is paid, registered bonds of 1st and 2d mtge. issues transferred, and stock registered at
the Union Trust Co. of New York.

Income, etc., supplementary comparative statement for three months ending March 31.

1898 and 1897 :

1898 1897 INCREASE. DECREASE.

Gross Earnings $5,800,780 $4,742,177 $458,603

Operati m; Expenses 3,246,680 2,930,910 315,770

Net Earnings 1,954,100 1,811,267 142,833

Net Income 2,036,340 1,894,277 142,063

Fixed Charges 968,240 1,118,018 $149,778

Balance of Income 1,068,100 776,259 291,841

General Balance Sheet, March 31, 1898.

Cost of Road and Equipment $84,000,000

Stocks and Bonds 14,180,527

Other Permanent Investments 6,120,277

Supplies on Hand 1,212125

Due by Agents 579,958

DuebyOthers 488,343

Open Accounts 179,356

CashonHand 1,837,613

Capital Stock, Common $49,466,500

Capital Stock. Guaranteed 533,500

Funded Debt; 48,292,000

Interest Due and Accrued 563,040

Dividends Unpaid : 14,376

Due for Wages 1,670,937

Profit and Loss... . 8,057,893

Total Assets $108,598,246 Total Liabilities $108,598,246

DIVIDENDS. — The following cash payments have been made on the common stock, since
the organization of the company :

Date.

p. c.

Date.

p. c.

Date.

p. c.

Date.

p.c.

Date.

p.c.

Date.

p.c.

1869

Aug.

4

1876

Aug.

2

1881

Nov.

2

1884

Aug.

1*

1891

Aug.

2i

1897

Feb.

3

1870

Feb.

4

1877

Feb.

u

18S2

Feb.

2

Nov.

U

1892

Feb.

3*

Aug.

3

Aug.

4

1878

Feb.

2

May

2

1887

Feb.

2

Aug.

3

1898

Feb.

3

1871

Feb.

4

An"

1

Aug.

2

Aug.

9

1S!«

Feb.

3

Aug.

4

1879

Feb.

3

Nov.

o

1888

Feb.

2

Aug.

3

1872

Feb.

4

Aug.

2*

1883

Feb.

2

Aug.

2

1894

Feb.

3

Aug.

4

1880

Feb.

4

May

2

1889

Feb.

3

Aug.

3

1873

Feb.

4

Aug.

4

Aug.

2

Aug.

2

1895

Feb.

3

Aug.

4

1881

Feb.

4

Nov.

2

1890

Feb.

3

Aug.

3

1875

Feb.

3±

May

8

1884

Feb.

2

Aug.

2

1896

Feb.

3

1876

Feb.

2

Aug.

2

May

2

1891

Feb.

4

Aug.

3

RAILROADS OWNED OR LEASED BY THE L. S. & MICH. SOUTHERN JlY. Co.

Detroit, Hillsdale and South western

RR.— Ypsilantl to Banker's, Mich., 64.76 m. ; total
track (steel, 64.76 m.), 69.09 miles. Organized July,
1871, as Detroit, Hillsdale and Indiana RR. ; sold
under foreclosure, Dec. 28, 1874, and reorganized
under the present title Jan. 30, 1875. Road bought
by 1st mtge. bondholders for $16,000 over the mtge.
of $1,152,000. Leased In perpetuity from July 1,
1881; rental. 4 p. c. on stock. Rental, year ending
Dec. 31, 1897, $54,500; other receipts, $173— total,
$54,673. Expenses, $546. Net income, $54,127. Paid
dividends on stock (4 p. c.), $54,000. Surplus, $127.
Capital stock, $1,350,000; profit and loss, $484— total,
$1,350,484. Contra: Construction, etc., $1,345,716;
cash, $4,768— total, $1,350,484. Dividends Jan. 5 and
July 5, at Farmers' Loan and Trust Co., New York.
Elijah Smith, Pres.; Prosper W. Smith, Sec. &
Ureas., Boston, Mass. General Office, Boston, Mass.

Erie and Kalamazoo RR.— Toledo, O., to
a point near Adrian, Mich., 27 miles. Chartered
April 22, 1833; road opened from Toledo to Sylvania
In 1836; throughout In 1837. Leased in perpetuity
May 25, 1849, at a rental of $30,000 per annum. In
the statement of mileage on page 488, this line Is
included in the main line owned by the L. S.
& M. S. Ry. Co. Capital stock, $300,000. David P.
Barhydt. Pres.; Benjamin Knower, Treas., New
York,' N. Y.; Alfred L. Millard, Sec., Adrian, Mich.
General Office, Adrian, Mich.

Fort \\ :i> in- and Jackson RR. — Jackson,
Mich., to Fort Wayne, Ind., 97.83 m.; total track
(steel, 92.30 m.), 107.72 miles. Consolidation April 6,
1869, under the name of the Fort Wayne, Jackson

and Saginaw RR. Co., of the J., Ft. W. & Cine., and
the Ft. W., J. & S. RRs. Whole line completed Dec.
25, 1870. Default Jan. 1, 1874. Sold under fore-
closure Dec. 3, 1879, for account of bondholders, and
reorganized under present name Jan. 1, 1880. (See
Manual for 1893.) Leased (date of lease, Aug. 24,
1882) in perpetuity Sept., 1882; rental, 5i p. c. per
annum on preferred stock (payable March 1 and
Sept. 1), and a further sum of 2 p. c. on common
stock, in case the net earnings of the road in any
year exceed 8 p. c. on preferred stock. Rental, 1897,
$127,528. Expenses and taxes, $1,500. Net income.
$126,028. Paid dividends (54 p. c.) on preferred stock,
$126,028. Capital stock (preferred, $2,291,416; com-
mon, $436,132), $2,727.548. Contra: Cost of road,
etc., $2,727,548. Samuel Sloan, Pres.; Edwin S.
Maraton, Sec. & Treas., 16 William Street, New
York, N. Y. General Office, 26 Exchange Place, New
York, N. Y.

Jamestown and Franklin RR.— James-
town to Oil City, Pa., 50.91 m.; Stoneboro' to Coal
Mines, 2.55 m.; total, 53.46 m.— total track (steel).
71.96 miles. Rail, 65 Ibs. Chartered April 5, 1862.
Road completed and opened June 24, 1867. Leased
to the L. S. & M. So. Ry. Co. till Jan. 1, 1895; lease
extended for five years, until Jan. 1, 1900, at 30 p. c.
of gross earnings. (See Manual for 1893.) Rental,
year ending Dec. 31, 1897, $60,450. Expenses and
taxes, $1,315. Net income, $59.135. Paid interest
on bonds, $1,085; interest accrued, not paid, $68.910.
Deficit, $10,860. Capital stock, $601,200; payments on
stock. $6.043: funded debt (1st mtge. 7 p. c. bonds,
due Jan. 1, 1897, Interest Jan. and July, $298,000; 2d

492

POOR'S MANUAL or RAILROADS — RAILROAD "SYSTEMS."

mts'o 7 p. o. bonds, duo Jan. I, 1894, interest June
and Dec.. $500.000), $798,000; due lessee, $984,044;
accrued interest, $252,109; income balance, $60,879—
total, $2,702,275. Contra: Cost of road, $2,659,365;
other investments. $42,883; other assets, $27— total,
$2.702,275. All of the bonds are past due and are
held by lessee; no interest paid on same since matur-
ity Bond interest payable in New York, N. Y.
Charles Miller, Pres., Franklin, Pa.; Robert P.
Cann, Sec. & Treas., Stoneboro', Pa. General Office,
Stoneboro', Pa.

Kiilumazoo, Allegran and Grand
Rapid* RR.— Kalamuzoo to Grand Rapids, Mich.,
5842 m.; total track (steel, 58.45 m.), 68.78 miles.
Kail, 65 Ibs. Chartered June 3, 1868; road opened
March 1, 1869. Leased Sept. 21, 18G9, to the L. S.
& M. S. Ry. Co. for 999 years, at an annual rental of
$78.600, being 6 p. c. on $610.000 capital stock and
5 p. c. on $840,000 1st mtge. 50-yr. bonds, dated July
1, 1888, interest Jan. and July, at lessee's office, New-
York. N. Y. Cost of road, etc., $1,450,000. J. H.
Wade, Pres.; Horace B. Corner, Treas.; O. G. Get-
zen-l)anner. Sec., Cleveland, O. General Office,
Cleveland, O.

Mahoningr Coal RR.— Andover to Youngs-
town. O. and branches. 41.89 m.; Doughton to
Sharon, Pa., 8.31 m.— total, 50.20 m.; total track
(steel, 70.72 in.), 71.15 miles. Rail, 60, 65 and 71
Ibs. Chartered Feb. 18, 1871; road opened in June,
1873. Leased in perpetuity, July 1, 1884, to L. S. &

M. S. Ry. Co. Rental, 40 p. c. of gross earnings— in
1897, $280,371; other receipts, $122— total, $280,493.
Expenses, $1,547. Net income, $278,946. Paid In-
terest on bonds, $75,000; dividends on stock (5 p. c.
on preferred- and 10 p. c. on common), $183,093—
total, $258, OT3. Surplus, $20,853; surplus forward,
$132,890— total, $153,743. Financial Statement, Dec.
31, 1897.— Capital stock— common, $1,500,000; pre-
ferred, $661,850; funded debt, 1st mtge. 5 p. c. 50-
yr. coup, bonds, due July 1, 1934, interest Jan. and
July, at company's transfer office, New York, N. Y.,
$1,500,000; profit and loss (chargeable to permanent
improvements, $121,327; surplus, $32,416), $153,743—
total, $3.815.593 Contra: Cost of road, etc., $3.774.-
425; cash ami cash items, $41,168— total, $3,815,593.
Dividends of 5 p. c. per annum on preferred stock
and interest on bonds are guaranteed by lessee.
Samuel R. Callaway, Pres.; Nicholas Bartlett
Treas.; De F. Llllis, Sec., Cleveland, O. General
Office, Cleveland, O.

STEWART RR.— Stewart Iron Works and
Sharon, Pa., to Ohio State Line, 0.32 mile. Organ-
ized Sept. 9, 1887. On Oct. 1, 1889, the property was
sold to the Mahonlng Coal Rd. Co., and on the same
date it was leased in perpetuity to the Lake Shore
and Mich. Southern Ry. Co. Capital stock, $7,700.
Contra: Cost of road, $7,114.20; profit and loss,
$585.80— total. $7,700. D. P. Eells, Pres.; 0. G.
Getzen-Danner, Sec. & Treas., Cleveland, O.

Win. K. Vanderbilt. New York, N. Y.

Cornelius Vanderbilt "

Fred. W. Vanderbilt "

Wm. H. Newman Cleveland, O

H. McK. Twombly . . New York, N. Y.

Charles M. Reed Erie, Pa.

J. Pierpont Morgan. New York, N.Y.
ChannceyM.Depew. " "

Board of Directors, L. S. & M. 8. Ry. Co., elected May 4, 1898.

CHATJNCEY M. DEPEW, Chairman of the Board New York,, N. Y.

Samuel R. Callaway . . .Cleveland, O.
Edwin D. Worcester.New York, N.Y.
Samuel P. Barger... " "

Darius O. Mills li "

James M. Schooiimaker Pittsburgh, Pa.

W. H. NEWMAN, President Cleveland, O.

E. D. Worcester, Vice- President, Secretary, and Treas. . .New York, N. Y.

Asst. Treasurer— D\vight W. Pardee. . . New York, N. Y. \ Auditor— R. H. Hill Cleveland, O.

Local T/'fos. & Asst. Sec.— N. Bartlett Cleveland, O.

PRINCIPAL OFFICE AND ADDRESS Cleveland, 0.

New York Office ; . .Grand Central Station.

NEW YORK, CHICAGO AND ST. LOUIS RAILWAY COMPANY.

(CONTROLLED BY THE LAKE SHORE AND MICHIGAN SOUTHERN RY. Co.)

Lines of Road : j gSfe V**JS£2Sfcl L^" ! "\ «"» -0-

T PB«Pfi • J Chicago & State Line RR.: Indiana Line to Grand Crossing, 111.9.96

' I Lake Shore & Mich. So. Ry.: Silver Creek, N. Y., to Dunkirk. . .7.84— 17.80 "

TrarkR^ • j Erie RR~' In Buffalo, N. Y 1.60

• \ Lake Shore & Mich. So. Ry.: Grand Crossing to Chicago, 111.8.40— 10.00 "

Total length of lines operated, Dec. 31. 1897 522.52 miles.

2d track (owned, 6.24 m.; leased, 9.21 m.), 15.45 m.; sidings (owned, 170.43m.; leased, 19.43
m.), 189.86 miles. Gauge, 4 ft. 8$ in. Rail— iron, 56 Ibs.; steel (owned, 666.73 m.; leased,
45.28 m.— total, 712.01 m.), 56, 60, and 65 Ibs.

History. — Reorganization in Sept., 1887, after foreclosure sale, May 19, 1887, of the New
York, Chicago and St. Louis Ry. Co. (See MANUAL for 1890.) Controlled by the Lake Shore
and Michigan Southern Ry. Co., which owns $6,240,000 common, $2,503,000 1st preferred,
and $6,275,000 2d preferred capital stock.

Rolling Stock, Dec. 31, 1897.— Locomotives, 159. Cars— passenger, 41 ; dining, 2 ;
baggage and mail, 18 ; freight (box, 5,430 ; flat, 912 ; stock, 108 ; coal, 463 ; refrigerator,
147 ; caboose, 73), 7,133 ; other, 10— total cars, 7,204. Of this equipment 23 locomotives,
1,284 box cars and 200 coal cars are held under car trusts.

Operations, year ending Dec. 31, 1897.— See tabulated statement on page 493.

Earnings— Passenger . $876,977 30

F/eight 4,843,568 05

Mail 29,79304

Express '............ 56,92813

Miscellaneous 7.950 92

Total (<J11, l-.i9.18 per mile) $5,815,217 44

Expenses— Transportation $2,359,055 45

Motive Power and Cars 1,411,156 86

Maintenance Way & Buildings. 618,237 24

Rentals of Terminals 85.693 52

General 342,175 61

Total ($9,217.48 per mile) $4,816,318 68

POOR'S MANUAL — NEW YORK, CHICAGO AND ST. LOUIS SYSTEM. 493

Net earnings (17.18 p. c.),' $998,898.76 ; add interest and dividends, $7,298.56— total
income, $1,006,197.32. Payments : Interest on bonds, $777,000 ; rental leased lines, $5,000;
of equipment, $116,541.66 ; dividends on 1st prefe Td ptock (2 p. c. paid March 1, 1898),
$100,000— total, $998,541.66. Surplus, $7,6.55.60 ; surplus forward, $156,484.04— total,
$164,139.70.

Statement of operations, earnings, etc., for eight years ending Dec. 31, 1897 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles Operated
Pass. Train Miles..
F'gt. Train Miles ..
Tot. Engine Mileage
Passengers Carried.
Pas;-enger Mileage .
Tons F'gl. Moved..
Tonnage Mileage . . .

Earnings— Pass . . .
Freight .
Other . . .

Gross Traf. Earn'gs
Operating Expenses

Net Earnings

523.02
482,097
4,208,513
6,256.000
582.551
27,425,857
3,257,709
1,050,804,339

8

429,170
5,341,577
49,559

523.02
475,735
4,389,376
6,436,494
554,172
25,929,995
3,315,784
1,052,515,236
9
426,211
5,697,609
47,269

523.02
, 539,723
> 4,562,405
6,662,822
555,140
34,676,740
3,525,951
1,107,34~',842
I
502,165
5,914,918
50,082

523.02

523.02
1,072,967
3,879,371
6,106,810
473,441
4~>,15S,591
3,034.772
896,657-971

$

761,938
4,792,297
75,004

523.02
1,077,095
4,172,032
6,493,219
533,577
58,096,803
3.569,030
1,024,736,918
$
924,700
5,307,777
85,474

522.52
1,067,625
3,868,099
6,088,514
482,343
45,753,614
3,148,250
890,772,263
1
804,915
4,689,096
93,755

522.52
1,149,051
3,879,739
6,144,861
461,889
54,707,985
3.313,549
904,102,727
S
876,977
4,843,568
94,672

625,177
105-010635
3,25-2,932
946.792,616
1
1,533,242
5,187,335
67.171

5,820,306
4,678,251

6,171,089
5,056,062

6,467,165
5,375,162

6,787,748
5,479,238

5,629,239
4,671,978

6,317,951
5,089,719

5,587,766
4,699,151

5,815,217
4,816,319

1,142,055
12,774

1,115,007
13,569

1,092,003
10,206

1,308.510
6,319

957,261
6,990

1,228.232
8,584

888,615
9,643

998.8PH
7,299

Other Receipts

Available Revenue.
Interest

1,154,829
784,570
93,748
(3J) 175,000
87,685

1,128,576
780,420
99,940
(3) 150,000
90,551

1,102,209
781,060
48,794
(3) 150,000
121,319

1,314,829
780,000
99,460
(4) 200,000
181,227

964,251
777,000

1,236,816
777,000

898,258
777,000

1,006,197
777,000

Sinking Fund

Rentals, etc

Total Paym'ts. .
Balance ( + or — ) . .

Gross Earn. p. M. . .
Oper. Expen. p. M .
Net Earn'gs p. M. . .
Expen. toEarn'gs, .
Av.R'tep.Pase.p.M.
AT. Rate p. Ton p.M.

177,925

*250,000
178,507

171,172

(2) 100,000
121,541

1,141,003
+ 13,826

' 11,128 26
8,94469
2,183 57
80. 38 p.C.
1.57 c.
0.51 c.

1,120,911
+ 7,665

11,79895
9,66709
2,131 86
81. 93 p.c.
1.64 c.
0.54 c.

1,101,173
+ 1,036

12,36504
10,277 16
2,08788
83.11 p. c.
1.45 C.
0.53 c.

1,260,687
+ 54,142

12,97799
10,476 15
2,50184
80.72 p. c.
1.46c.
0.55 c.

954,925
+ 9,326

10,762 95
8,932 69
1,83026
82. 99 p. c.
1.69c.
0.53 c.

1,205,507
+ ^31,308

12,07975
9,731 40
2,34835
81. 99 p.c.
1.59 c.
0.51 c.

948,172
- 49,914

10,693.88
8,993.2?
1,700.69
84. 10 p. c.
1.76c.
0.53 c.

998,541
+ 7,656

11,129.18
9,217.48
1,911.70
82.82 p. c.
1.60 c.
0.54 c.

* 5 p. c. on 1st preferred stock.

General Balance Sheet, Dec. 31, 1897.

Cost of Road. $46,086,157 92

Cost of Rolling Stock 3,720,846 50

Materials and Fuel on Hand.
Other Property and Assets.

Billa Receivable

Current Accounts

Cash on Hand...

201,895 98
23,517 51
4,689 13
832,347 61
396,672 44

Total Assets $51,266,127 09

Common Stock Paid in (par, $100) $14,000,000 00

Pref. Stk. Paid in (par, $100— see below). 16,000,000 00

Funded Debt Outstanding 19,425,000 00

Current Accounts 1,135,090 69

Sinking Fund Account 541,89670

Profit and Loss 164,139 70

Total Liabilities .$51,266,127 09

Funded debt consists of 1st mtge. 4 p. c. 50-yr. $1,000 bonds, due Oct. 1, 1937, interest April and Oct.
A sinking fund of $100,000 per annum is provided, when net earnings are $900,000 or upwards, if bonds can
be purchased at or below 102; if not, the sinking fund lapses for that year. Bonds are in coupon form, with
privilege of registration of principal. The original issue of bonds was $20,000,000, and it has been reduced to
present amount by sinking fund purchases. Trustee: Central Trust Co., New York, N. Y. Interest payable
at the office of the Union Trust Co. of New York.

Car trust certificates to the amount of $600,000, bearing 5 p. c. interest, were issued in
1892, $60,000 being payable Sept. 1, yearly, from 1893 to 1902, both inclusive, and $350,000
were issued in Feb., 1896, $23,000 being payable Feb. 15, yearly, from 1897 to 1906 inclusive,
and $24,000 from 1907 to 1911 inclusive.

Preferred stock consists of $5,000,000 first preferred, and $11,000,000 second preferred,
and is entitled to 5 p. c. non-cumulative, in the order of priority, ahead of common. Six pay-
ments have been made on 1st preferred stock, the last being in March, 1897. (See MANUAL
for 1896.)

Chicago and State Line RR.— Ind. State
Line to Grand Crossing, 111., 9.96 miles. Leased Sept.
20. 1887, to the N. Y., C. & St. L. RR. Co., at a
rental of $100 per anunm; other receipts, 1897, $400;
total expenses, $400. Surplus, $100. Capital stock.

$1,500,000; profit and loss, $380— total, $1,500,380.
Contra: Cost of road, etc., $1,500.000; other assets,
$380— total. $1.500,380. A. B. Newell, Pres., Chi-
cago, 111.; H. Hammersley, Treas. ; James P. Curry,
Sec., Cleveland, O. General Office, Chicago, 111.

494 POOK'S MANUAL OF RAILKOADS — EAILROAD "SYSTEMS."

Board of Directors, New York, Chicago and St. Louis Ry. Co., elected May 4, 1898.
CHAUNCEY M. DEPEW, Chairman of Board New York, N.. Y.

W. K. Vanderbilt.. New York, N. Y.
Cornel. Vanderbilt.
Fred. W. Vanderbilt
H. McK. Twombly "

John S. Kennedy . .New York, N. Y.
James A. Roosevelt
Fred. P. Olcott ....
Chauncey M. Depew

Wm. H. Canniff Cleveland, O.

Sam'l E. Williamson.. "

Ralph W. Hickox "

Charles M. Reed Erie, Pa.

One vacancy.

WM. H. CANNIFF, President .- • • • • -Cleveland, O.

Sec. & Treat.— Charles F. Cox New York, N. Y. | Auditor— James P. Curry Cleveland, O.

PBINCIFAL OFFICE AND ADDRESS Cleveland, 0.

LEHIGH VALLEY RAILROAD COMPANY.

(For map of this system, see page 495.)

Lines of Road :

Lehigh Valley RR. and Branches: Phillipsburg, N, J., to Wilkesbarre, Pa... 322.44 miles.

Schuylkill and Lehigh Valley RR.: Lizard Creek Junction to Blackwood, Pa. 42.27

Lehigh Valley Ry. and Branches: Perm. State Line to Buffalo, N. Y 284.68

Lehigh and New fork RR.: State Line to North Fairhaven, N. Y 115.26

Rochester Southern RR.: Rochester to Hemlock Lake, etc 30.17

Penn. and N. Y. Canal and RR. : Wilkesbarre, Pa. , to N. Y. State Line and bra. 138. 77

Waverly and State Line RR.: Waverly, N. Y., to State Line. 0.41

State Line and Sullivan RR. : Monroeton to Beruice, Pa 24.05

Loyalsock RR.: Bernice, Pa., to Shawanese Lake, Pa., and branches 42.40

Wilkesbarre and Survey's Lake RR.: Luzerne to Shawanese Lake, Pa., &brs. 15.09

Easton and Amboy RR. and Branches : Perth Amboy to Phillipsburg, N. J.. 79.03 "
Lehigh Valley Terminal Ry. and Branches : South Plainfield to Jersey City,

N. J 28.71 "

Easton and Northern RR. (see statement on page 61) : Belfast to Easton, Pa.. 8.14 "

Elmira, Cortland and Northern RR.: Elmira to Canastota, N. Y 118.49 "

Canastota Northern RR.: Canastota to Camden, N. Y 20.65 "

Middlesex Valley RR. : Naples to Geneva, N. Y .' . . 29.43 "

Depew and Tonawanda RR.: Depew to North Tonawanda, N. Y 10.56 "

Seneca County Ry. : Geneva to Seneca Falls, N. Y 5.15 "

Total length of lines, Lehigh Valley system, Nov. 30, 1897 .• 1,315.70 miles.

2d track, 542.67 m.; sidings, 852.45 m.— total track (steel, 2,512.61 m.), 2,710.82 miles.

Gauge, 4 ft. 8| in. Rail— iron, 58 and 66 Ibs.; steel, 58, 66, 67, 70, 76, 80 and 90 Ibs.

Mileage operated under trackage contracts: Pennsylvania, Schuylkill Valley RR., 15.10 m. — from Spring
Garden June, to Pottsville, Pa., 4.2 m., from Pottsville to New Boston, Pa., 10.9 m. ; People's Ry., Pottsville
June, to Pottsville, 4.59 m. ; New York Central and Hudson River RR., from North Tonawanda to Suspension
Bridge, N. Y., 14.97 m. ; Central RR. of N. J., from Sandy Run to Crellin June., N. J., 5.9 m. ; Barclay RR.,
from Barclay June, to Monroeton, Pa., 4 m. ; Pennsylvania RR., from West Newark, N. J., to Jersey City,
N. J., 9.4 m. ; Northern Central Ry., from Mount Carmel to Shamokin, Pa., 8.3 m. ; National Docks Ry.,
Constable June, to Edgewater June., 2.71 m. — total, 64.97 miles.

History. — Chartered as the Delaware, Lehigh, Schuylkill and Susquehanna RR. Co., Sept.
20, 1847 ; under existing title, Jan. 7, 1853. The main line in Pennsylvania was completed in
Oct., 1855. The company absorbed the Beaver Meadow RR. in July, 1864 ; the Penn Haven
and White Haven RR. in Aug., 1864; the Lehigh and Mahanoy RR. in June, 1866 ; the
Hazleton and the Lehigh Luzerne RRs. in June, 1868. The Lehigh Valley system of railroads
was leased Dec. 1, 1891, for 999 years, to the Phila. and Reading RR. Co., but the lease was
abrogated Aug. 8, 1893. (See MANUALS for 1893 and 1895.) For information concerning sub-
sidiary companies see tab! esou pp. 498-502; also, appended statements for the several companies.

A revaluation of the personal property of the company other than such permanent investmenta as
represent, through ownership of securities, an integral part of the transportation system, or investment in
securities of coal companies, has been made and its value on the books readjusted accordingly. An appraise-
ment of equipment showed a depreciation of $5,866,182.38 in coal, freight and service cars, and an increase of
$518,387.92 in the value of locomotives and passenger cars; a net decrease of $5,347,794.46. This amount has
been written off to profit and loss, the Lehigh Valley RR. equipment account being reduced $5,058,827.98, and
credit given to an account " Depreciation of Equipment of Controlled Companies " for $288,966.48. The in-
vestments in properties not essentially a part of the system show a depreciation of $132,906.81.

The interest that had accrued on the outstanding obligations of the railroad company and the coal com-
pany prior to Dec. 1, 1896, but was not then due, has been charged to profit and loss account.

Rolling Stock, Nov. 30, 1897— Locomotives, 737. Cars— passenger, 243; chair, 12;
combination, 69 ; special, 4 ; dining, 3; baggage, mail, and express, 74; fruit, 10 ; milk, 40;
freight (box, 14,700 ; poultry, 25 ; stock, 143 ; lime, 32 ; bark, 49 ; flat, 630; gondola, 1,774 ;
platform, 19 ; coal, 4-wh., 15,043 ; 8-wh., 12,059), 44,474; caboose, 309 ; pay, 1 ; service, 746
—total, 45,985.

496 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.'

Operations, year ending Nov. 30, 1897.— See tabulated statement on p. 497.
iinKS-Pa<9cnger 3^72,547 13 Expenses-Conducting Transportation. . .

Earnincrs-

Coal 8,560,41807

Miscellaneous Freight 7,403,470 83

Mail and Express

Other Sources 556,064 20

Total ($14,865.98 per mile) $19,559,166 96

$8,647,390 38

Maintenance of Equipment . . . 2,996,863 63
Maint. Way and Structures. . . 1,953,488 68

General 595,450 51

Taxes 220,137 3S>

Total ($10,954.88 per mile) $14,413,330 55

Net earnings (26.31 p. c.), $5,145,836.41 ; add income from other sources, $880,036.18 ;
net receipts-of lines operated conjointly with L. V. RR Co., $156,252.77— total, $6,182,125.36.
Payments: State taxes, $360,000; balance of interest account, $25,117.69^; loss on Morris
Canal and on L. V. Creosoting Co., loss and depreciation on L. V. Transp. Co., Bee Line,
and Perth Amboy Towing Line, $231,930.65 ; surplus for year ending Aug. 31, 1897, due to
L. & N. T. RR. Co., lessor, $8,004.10 ; interest on funded debt and fixed rentals of leased
lines, $4,744,205.86 ; interest on bonds of L. V. Coal Co., guaranteed, $710,204.17— total,
$6,079,462.47. Surplus, $102,662.89.

Income from other sources consisted of the following : Dividends on stocks (see p. 501),
$297,174.80; interest on bonds (see p. 501), $490,802.08; interest on mortgages, $50,609.95 ;
sundry receipts (AVaverly and State Line rental, $600 ; royalties, $102.63 ; Easton and Northern
RR. earnings, $2,961.54; Hazleton Coal Co. receipts, $21,308.54 ; Hazleton Water Co. receipts,
$16,476.64), $41,449.35— total, $880,036.18.

Profit and Loss Account, Nov. 30, 1897.— Credit : Surplus for 1897, $102,662.89; surplus
from 1896, $7,534,277.24 ; adjustment of taxes, $49,550.02 ; back interest on Coal Ridge Imp.
& Coal Co. bonds, $34,605 ; sundry receipts belonging to previous years, $26,392.25 ; uncol-
lected wages prior to May, 1892, $17,764.17 ; sundries, $3,344.79— total, $7,768,596.36. Debit :
Depreciation of equipment, $5,347,794.46 ; interest on funded debt and guarantees accrued prior
to Dec. 31, 1896, $683,337.07 ; discount, $582,500 ; interest on L. V. Coal Co.'s bonds accrued
prior to Dec. 31, 1896, $245,458.31 ; open book accounts, notes, etc., of previous years con-
sidered uncollectible, $166,506.50 ; estimated depreciation in securities, $132,906.81 ; loss on
Bee Line, 1895 and 1896, $55,926.31 ; proportion of cost of signal plant expended prior to Dec.
31, 1896, $157.567.14 ; expense items belonging to previous years, $10,082.24 ; surplus for
year ending Aug. 31, 1896, due to L. V. & N. Y. RR. Co., lessor, $9,039.10— total, $7,391,-
117.94. Credit balance, Nov. 30, 1897, $377,478.42. Decrease of profit and loss during the
year, $7,156,798.82.

During the past fiscal year 17 locomotives, 2 passenger coaches, 2,547 coal cars, 224 freight cars and 99
service cars were destroyed and condemned. The estimated cost to replace this equipment is $635,320.78,
which amount was charged to operating expenses during the year. A reserve account has been opened to the
credit of which this amount has been placed. (See General Balance Sheet, item " depreciation of equip-
ment.") This credit will be diminished from time to time by charging the reserve account with the cost of
cars and locomotives bought or rebuilt to replace those referred to above.

For the years 1894 to 1897, inclusive, there was charged to income account, XH addition to the loss from
operation an estimated amount of depreciation on the fleet of the Lehigh Valley Transportation Co., amount-
ing to $164,140. There was also charged to income account, during the past year, an estimate of the amount
of depreciation on equipment owned by this company in New York Harbor and vicinity, amounting to $35,-
815.22. The sum of these amounts— $199,955.22 — is shown in the General Balance Sheet under the head of
depreciation of equipment.

There has been charged to income account the interest on funded debt and guaranteed obligations that
accrued during the fiscal year, without regard to the date of its payment, instead of the amount actually paid
during the year as heretofore. This change does not materially affect the amount chargeable to income during
the year, the difference being an excess charge of $16,451.42. The amount shown in the balance sheet as
accrued interest ia all that has accrued up to and including Nov. 30, 1897.

General Balance Sheet, Nov. 30, 1897.

Cost of Road $18,639,291 95

Equipment 19,018,419 98

Real Estate 1,805,019 63

Securities Owned 32,949,322 14

Advances to Other Cos. in System 5,481,329 05

Current Assets:

Cash 3,449,719 55

Deposit in London 19,675 31

Sundry Dues 1,897,454 59

Traflic Balances 751,878 84

Bills Receivable and Call Loans 541,471 14

Advances 1.968,842 27

Materials and Supplies 748,644 74

Contingent Assets: P. & R. RR., Lessees. 3,218^135 67

Total Assets $90,489,204 86

Capital Stock $40,441,100 00

Funded Debt 40,334,000 00

Depreciation of Equipment:

Equipment Renewal Reserve 635,32078

Depreciation of Marine Equipment 199,955 22

Depreciation of Equip., Controlled Cos. 288,968 48
Current Liabilities:

Mortgages on Real Estate 381,852 72

Unpaid Interest, Dividends, etc 52,969 13

Accrued Interest and Rentals 1,539,773 76

Accrued Int., L. V. C. Co. Bonds 243,687 50

Sundry Accounts 1,713,44647

Unadjusted Tax Accounts 426,843 48

Deferred Liabilities 2,150,370 76

Contingent Liabilities 1,703,441 14

Profit and Loss 377.478 42

Total Liabilities $90,489,204 86

POOR'S MAX UAL — LEHIGH VALLEY RR. CO. 497

Stat ement of rolling stock, operations, etc. , etc. , accounts for seven years, ending Nov. 30 :

1891

1892

1893

1894

1895

1896

1897

Miles RR Operated .......

869.37
2,021.63
1,774.00
608
203
115
47,829
1,660
49,807

5,734,288
98,848,684
5,496,760
865,114,960
10,332,954
1,025,069,657
$
2,149,298
5,944,821
8,679,884
158,102!
396,205

1,038.62
2,368.05
1,774.00
655
226
125
51,121
1,754
53,226

6,018,449
105,072,504
5.967,257
1,102,929,641
10,559,228
1,106,066,034

1 T3 B us (
0) «•—

gjft

£ "«
" bffp

B c-

III

%~%
fig*

BIZ

1,023.07
2,428.45
1,765.08
663
239
111
50,579
1,709
52,638

6,306,039
131,221,553
5,297,612
948,277,144
11.477,6:*
1,100,454,043

2,606,025
6,009,421
9,225,027
230,618
539,685

1,102.75
2,447.24
2,394.94
668
240
116
51,030
792
52,178

4,812,652
102,579,780
5,018,392
1,021,634,810
11,103,157
1,130,195,335
$
2,104,677
5.<IS2,H.V<
8,391,542
262,591
588,926

1,145.05
2,490.49
2,275.14
685
241
121
48,306
798
49,466

4,748,037
118,282,636
6,313,819
1,313,174,198
12,045.368
1,293,672,112

$

2,316,540
6,849,062
8,470,859
281,7%
646,197

1,208.39
2,694.09
2,275.14
750
262
143
48,048
792
49,245

5,020,864
126,179,711
7,340,514
1,624,442,125
11,534,854
1,265,097,168
$
2,556,536
7,472,104
8,623,574
340,082
649,601

1,315.70

2,710.82
2,512.61
737
262
143
44,833
747
45,935

4,881,610
135,489,011
7,591,163
1,647,098,S03
10,278,410
1,174.929,703

2,672.547
7,403,471
8,560,418
366,667
556,064

Miles of Track

Miles Steel Rail

Cars Passenger

Baggage, etc ....

Freight, Coal, etc....
Other

Total Care

Passengers Carried One Mile
TonsFgt.Mov'd(in.Bit.Coal)
Tons Freight Moved 1 Mile.
Tons Anthracite Coal Moved
Anthracite Coal One Mile . .

Earnings— Passenger

Freight

Coal

Mail and Express
Miscellaneous. ..

Total Earnings . ...

17,328,310
13,075,910

18,610,777
12,705,360

17,330,594
13,320,829

18,564,454
14,028,453

19,641,897
14,710,895

19,559,167
14,413,331

Operating Expenses

Net Earnings

4,252,400
1,581,951

5,905,417
363,233

4,009,765
1,036,054

4,536,001
990,915

4,931,002
676,159

5,145,836
1,036,289

Other Receipts ....

Available Revenue

S-SlS

r.-1 <u .
o Tea
•gLStf

§11 If

5,834,351
2,817,240

6,268,650
4,179,860

5,045,819
4,273,740

5,526,916
4,294,380

5,607,161

4,484,032
590,650

6,182,125

4,744,206
710,204

Int. on Bds. & Fixed Rentals
Int. on Bonds, L. V. C. Co. .

Dividends

2,027,370
723,510

QJ 73

JT8 1

s«i*

j ill i

'"siia'cV"

0.60 C.
0.83 c.

$

40,441,310
5,000,000
6,000,000
1,916,000
10,642,000
2,940,000
7,718,000

1,016,342
522,377

Miscellaneous

645,009

589,694

682,405

625,052

Total Payments. . . .

5,568.120
266,231

19,932 03
15,040 67
4,891 36
75.46 p. c.
2.17 c.
0.70 c.
083c.
$
40,441,310
5,000,000
6,000,000
2.185,000
9,110,000
2,380,000
2,739,000

5,718,579
550,070

18,191 11
12,418 86
5,772 25
68.27 p. C.
1.99 c.
0.65 c.
0.82 c.
$
40,441,310
5,000,000
6,000,000
1,631,000
7,412,000
2,988,000
10,900,000

4,918,749
127,070

15,715 80
12,079 65
3,636 15
76.86 p. C.
2.05 c.
0.59 C.
0.73 c.
$
40,411,100
5.000,000
6,000,000
1,329,000
7,412,000
2,988,000
11,200,000

4,884,074
642,842

16,212 79
12,251 39
3,961 40
75.57 p. c.
1.96c.
0.53 c.
0.64 c.
$
40,441,100
5,000.000
6,000,000
923,000
7,412,000
2,988,000
11,850,000

5,757,087
J). 149,926

13,856 01
10,354 84
3,501 17
74. 89 p. c.
2.03c.
0.48c.
0.65c.
$
40,441,100
5,000,000
6,000,000
610,000
7,412,000
2,988,000
12,100,000

6,079,462
102,663

14,865 98
10,954 88
3,911 10
73.69 p. c.
1.97 c.
0.48 c.
0.67 c.
S
40,441,100
5,000,000
6,000.000
284000
7,412,000
2,988.000
12,350,000
5.000,000
1,350,000

Balance, Surplus

Gross Earnings per Mile. . ,_.
Gross Expenses per Mile. . .
Ket Earnings per Mile
Expenses to Earnings
Aver.Rate per Pass, per Mile
Aver. Rate p.Tonp.M.(Fgt.)
Av.Rate p. Ton p.M.(An.C'l)

Capital Stock

6 p. cs., due 1898

7 p. cs., due 1910

Cons. Sterling

Cons. Registered

Cons. Coupon ....

Cons. Annuity

Mtge. and Coll. Tr. Bonds

Car Trust Bonds

1,450,000

Total Stock and Bonds.

70,855,310

74,657,310

74,3T2,310

74,370,100

74,614,100

76,001,100

80,775,100

Summary of Financial Operations, Tear ending Nov. 30, 1897 :

Decrease of Assets : Construction work in progress, $187,327.86 ; equipment, $4,952,252.66 ; real
estate, $218,793.04 ; securities owned, $192,454.61 ; advances to other companies in the system,
§632,553.54 ; materials, etc., 8448,000.01 ; current assets (bills receivable and call loans, $406,-
551.23 ; advances, $4,105,083.61 ; deposit in London to meet drawn bonds and coupons, $15,576.-
77), $4,527,211 .61 $11,158,593 33

Increase of Liabilities : Funded debt ($5,000,000 mtge. and coll. trust bonds and $250,000 consol.
mtge. 6 p. c. annuity bonds issued ; less $326,000 consol. mtge. sterling bonds drawn, $100,000
" Series A " and $50.000 " Series B " car trust bonds paid), $4,774,000 ; depreciation of equip-
ment, $1.124,242.48 ; current liabilities, $2,514,542.21 ; deferred liabilities, $230,928.88 8,643,713 57

Total to be accounted for $19,802,306 90

Increase of Assets : Cost of road, $2,133.92 ; securities owned (stocks of other companies in the
system, $962,279.87 ; stocks of other companies, $155,842.30 ; bonds of other companies in the
system, $465,625; bonds of Lehigh Valley Coal Co., $5,000,000), $6,583,747.17 ; current assets

(cash, S2,:«3.534.20 ; other, $1,085,194.17), $3,408,728.37 ; contingent assets, $7,144-35 10,001,753 81

Decrease of Liabilities : Bills payable, $2,453,000 ; current liabilities, $176,366.36 ; deferred liabili-
ties, $7,325 ; contingent liabilities, $7,062.91 2,643,754 27

Decrease of Profit and Loss 7,156,798 82

Total accounted for.
32

.$19,802,306 90

498

POCK'S MANUAL OF RAILROADS— EAILRO AD "SYSTEMS."

Statement of funded debt and guarantees, Nov. 30, 1897 ; interest and rental of leased
lines accrued during the year:

aj

8

1868

1870
1873

1873
1873
1873

1897
1896
1896

1866
1888
1880
1890
1891

Maturity.

Principal.

INTEREST AND RENTALS.

Rate.

When
Payable

Where Payable.

Accrued
During
Year.

L. V. RE. Bonds and Interest :
1st Mtge. $1 000 Coup and Reg

June 1, 1898

Sept. 1, 1910
Dec. 1, 1897

Dec. 1, 1923
Dec. 1, 1923
Indefinite.

May 1,1997
1898-1906.
1898-1906.

June 1, 1906
Apr. 1, 1939
May 1, 1920
July 1, 1940
Oct. 1, 1941

$
5,000,000

6,000,000
284,000
j 1,319,000
1 1,669,000
j 4,319,000
1 3,093,000
j 9,812,000
| 2,538,000

5,000,000
850,000
450,000

1,500.000
( 4,000;000
{ 1,500,000
( 3,000,000
6,000,000

15,000,000
10,000,000

1,175,000
1,025,000
500,000

2,000,000
51,000
375,000

750,000
1,250,000

300,000
2,000,000
425,000
2,000,000
350,000

p. c.
6

7
6
6
4*
6
4*
6
4i

5g-

£g'
5g-

r

5
4*
4
5

4}g.
5g-

10
4
6

4g-
41g.
5g-

6g-
5g-

6g-
5g-
5g-
5g-
5g-

J. &D.

M. &S.
J. &D.
J. &D.
J. &D.
J. &D.
J. &D.
J. &D.
J. &D.

M. &N.
F. & A.
F. &A.

J. & D.
A. & 0.
A. & O.
A. & O.

M. AN.

J. <fc J.
A. &O.

F. &A.
F. &A.
A. &O.

M. & S.

M. &N.

M. &N.

A. &O.
A. &O.

J. & J.

M. &S.
M. &N.
M. & S.
M. &N.

* Coup.,Bk.N.Am.,Phila.
1R., 228 So. 3d St., Phila.

Office of L. V. RR. |
Co., 228 So. 3d St., -j
Phila., Pa

$

300,00000

420,00000
17,04000
79,140 00
75,105 00
259,14000
139,18500
588,720 00
114,21000
71,06251

43,91667
23,54168

105,000 00
200,00000
67,50000
120,00000
300,00000

675,000 00
500,00000

117,50000
41,00000
30,00000

80,00000
2,295-00
18,750 00

45,00000
62,50000

18,000 00
100,00000
21,250 00
100,00000

8,75000
60000

585,20417
125,00000

58,800 00

2d Mtge. $1 ,000 Registered

Consol. Mtge., Class A, "Sterling"....
Consol. Mtge., Class B,"Coup." §1,000.

Censol. Mtge., Class B, "Reg.," $1,000.

Con. Mge., Class C, "Annuity," $1,000..
Mtge. and Collat. Trust $1,000 Gold
Coup, and Reg

J
j Gir. L. I., A. & Tr. |
1 Co., Phila f

Car Trust, Series A, $1,000
Car Trust, Series B, $1,000 Gold

Guarantees and Lease Rentals :
Pa. & N.Y. Canal <fc RR. Co.'s Bonds :
1st Mtge. $1,000 Coup, and Reg

Bank of No. Am., Phila..
) Office L. V. RR. Co., (
}- 228 So. 3d St., 1
\ Phila (

Consol. Mtge., $1,000, Registered.

Easton & Amboy RR. Bonds :
1st Mtge., $1,000, Coup, and Reg

228 So. 3d St., Phila

Mer. Nat. Bk.,New York.

j Mer. Nat. Bk., N. Y. I
1 228 So. 3d St., Phila. f

) Office L. V. RR. Co., (
V 228 So. 3d St.,-{
j Phila f

The L. V. Ry. (N. Y.) Bonds :
1st Mtge., $1,000 Gold, Coup, and Reg.
L. V. Terminal Ry. Bonds :
1st Mtge., $1,000 Gold, Conp. and Reg..
Morris Canal & Banking Co. :
Preferred Stock

Consolidated Stock

1st Mtge. ,$10,000 Coupon Bonds..

1890
1895
1895
1892

1884

1884

1886
1893
1895
1896
1897

Oct. 1, 1920
Sept. 1,1945
Nov. 1, 1935
Nov. 1, 1942

Apr. 1, 1914
Apr. 1, 1914

July 1, 1906
Mar. 1, 1843
Nov. 1 , 1945
Sept. 1, 1936
May 1, 1997

Lehigh & New York RR. Bonds :
1st Mtge., $1,000 Gold, Coup, and Reg.
Easton & Northern RR. Bonds :
1st Mtge., $500,$1,000 Gold, Coup. & Reg
Middlesex Valley RR. Bonds ;
let Mtge., $1,000 Gold, Coup, and Reg.
Elmira, Cort. & No. RR. Bonds :
let Pref. Mtge., $1,000 Gold, Coupon
1st Mtge., $1,000 Gold, Coupon

j L. V. RR. Co., Phila. I
IMer. Nat. Bk., N. Y. f

228 South 3d St., Phila...
Central Tr. Co.,New Y'k.

\ Office L. V. RR. Co., 1
f Philadelphia j

j Mer. Nat. Bk., N. Y.. 1
1 228 So. 3d St., Phila. f

228 So. 3d St., Phila

Canastota Northern RR. Bonds :
1 st Mtge. Gold, Coupon

Sch. & Lehigh Valley RR. Bonds :
l*t Mtge. Gold

Rochester Southern RR. Bonds •
1st Mtge. Gold

Huzleton Coal Co. Bonds :
1st Mtge. Gold

Philadelphia Pa

Greenville & Hudson Ry. Bonds •
1st Mtge. Gold

Philadelphia Pa

Waverly & State Line RR., Rental

Lehigh Valley Coal Co. Bonds •
1st Mtge. S. F.,$l,OOOG'd, Coup.& Reg
Mortgage of 1897 . ..

1892
1897

1892

Jan. 1, 1933
May 1, 1847

Jan. 1, 1932

11,697,000
5,000,000

1,154,000

5g.
5g-

5g-

J. & J.

M. &N.

J. & J.

(New York, N.Y J
) Philadelphia, Pa j

228 South 3d St., Phila...

Delano Land Co. Bonds ;
1st Mtge., $1,000 Gold, Registered. .

RECAPITULATION.

Lehigh Valley Railroad Company, funded debt. . . . $40,334,000 00 $2,131,060 86
guarantees and rental of leased lines 53,201,00000 2,613,145 00

Total interest on funded debt and fixed rental of leased lines as per income
account ..................

Lehigh Valley Coal Co., and interest ch'arge'as per income account'. .".'.'.'.'.'.'.'.'.' .'.' 16,697,666'

o inj;e!;e8t charged to income account. . .

o Land Co. bonds, and interest thereon .................................. 1,154,000 00

$4,744,105 86
710,204 17

$5,454,410 03
58,800 00

Total principal of funded debt and guarantees; also interest accrued during 1897. $#1,386,000 00 $5,513,210 03
BONDS OF THE LEHIGH VALLEY RR. CO.

t?*^5 arc secured on tne main line, 322.44 miles and equipment. Trustees: Wm. Longstreth
s. Holders of these bonds have been offered the privilege of extending them for 50 years on a

POOR'S MANUAL — LEHIGH VALLEY RR. CO.

The Zd mtge. bonds are secured on the same property but subject to the lien of the 1st mtge. Trustee:
Girard Life Insurance, Annuity and Trust Co., Philadelphia, Pa.

The consol. mtge. bonds are secured on the main line and branches, 322.44 miles. The authorized issue
is $40,000,000, of which $12,000,000 are reserved for retirement of the 1st and 2d mtge. bonds, at maturity. All
three classes of these bonds are equally secured. Class A bonds, being the sterling issue, have been retired by
operation of the sinking fund, since the close of the fiscal year. Class B bonds, " coupon and registered," are
not subject to call, but were convertible into perpetual annuity bonds prior to Nov. 13, 1893. Class C
bonds, " annuity," are irredeemable, never falling due except in case of default. Trustee: Fidelity Insurance,
Trust and Safe Deposit Co., Philadelphia, Pa.

The car trust bonds are due in semi-annual payments ($50,000 for Series A and $25,000 for Series B),
the last of Series A maturing Feb. 1, 1906, and the last of Series B on Aug. 1, 1906. The original amount
of Series A was $1,000,000, and of Series B, $500,000. Series A covers 2,000 box freight cars; Series B, 1.000
coal cars, 50 stock cars and 6 combination passenger, etc., cars. Trustee: The Girard Life-insurance, Annuity
and Trust Co., Philadelphia, Pa.

The mtge. and collateral trust gold bonds are secured on the entire railroad and equipment of the
company (subject to $36,060,000 of prior liens) ; on various real estate mortgages held by the company and
various pieces of real estate owned by the company in Philadelphia, Pottsyille and Jersey City; on sundry
stocks of various companies owning railroad (about 170 miles) and steamship lines belonging to the Lehigh
Valley system, and on the car trust bonds of the Lehigh Valley Terminal Ry. Co. owned by this company.
See list of stocks and bonds owned, page 501. The bonds are authorized to the amount of $15,000,000, of
which $7,000,000 can be issued only after Jan. 1, 1900, and then under carefully guarded conditions and at the
rate of $1,000,000 annually. These may bear interest at a rate less than 5 p. c. per annum. The proceeds of
the $5,000,000 bonds outstanding have been used to pay off floating debt incurred in constructing the Green-
ville and Hudson and the Depew and Tonawanda RRs., and in acquiring other property, all of which has been
made part of the mortgage security ; also in providing the company with ample working capital. The remain-
ing $3,000,000 bonds of the present issue are held in the treasury of the company, available for construction
and other purposes, as may be required at any time. The $7,000,000 bonds which may be issued after Jan. 1,
1900, are intended to provide funds for new construction, equipment, etc., and other acquisitions of new
property, all of which are to be subject to the mortgage. The bonds are for $1,000' gold each, in coupon and
registered forms. Principal and interest free of all taxes. They may be redeemed on any interest day at 107$
p. c. and accrued interest, after sixty days' notice by publication. Trustee: The Girard Life Insurance,
Annuity and Trust Co., Philadelphia.

The mortgages do not cover the income of the comoany, and none but the collateral trust mtge. cover
any of the securities owned by the company. Bonds with liens prior to that of the mtge. and collateral
trust bonds may be extended, or new prior lien bonds may be issued, but the aggregate principal sum of such
bonds or the rate of interest on them may not be increased, except as provided in the consolidated mortgage
for the retirement of liens prior thereto.

BONDS GUARANTEED BY THE LEHIGH VALLEY RR. CO.

Pennsylvania and New York Canal and RR. — Both issues are guaranteed, principal and interest, by
the Lehigh Valley RR. Co., the guarantee being endorsed on each bond. Consol. mtge. bonds are reserved
for the retirement of the firsts at maturity. The firsts are secured on the main line and on 27 m. of branches;
the consol. mtge. bonds on the entire railroad. Trustees: 1st mtge., Provident Life and Trust Co., Philadel-
phia; gen. mtge., Girard Life Insurance, Annuity and Trust Co., Philadelphia.

Boston and Amboy RR. Bonds. — Secured on line from Easton, Pa., to Perth Amboy, N. J., 60.15 m.
and on 8.37 m. of branches. Principal and interest guaranteed. Trustee: Provident Life and Trust Co.,
Philadelphia, Pa.

The L(high Valley Ry. Bonds.— Secured on the railroad lines of the L. V. Ry., described on p. 503;
also on terminal property in Buffalo covering about 500 acres and with an extensive frontage on Lake Erie and
on Buffalo Creek. The bonds are in coupon form, but may be registered as to principal only or as to both
principal and interest. Principal and interest, free of all taxes, guaranteed by endorsement. Trustee: The
Girard Life Insurance, Annuity and Trust Co., Philadelphia, Pa.

Lehigh Valley Terminal Ry. Bonds. — Secured on 28.08 m. of road described on p. 503; also on terminal
property at Jersey City covering about 125 acres and with an extensive frontage on the Hudson River. The
bonds are in coupon form, but may be registered as to principal only or as to both principal and interest.
They are endorsed with a guarantee of principal and interest free from deduction for taxes. Trustee: Central
Trust Co. of New York.

Morris Canal and Banking Co.— The Lehigh Valley RR. Co. owns $271,400 preferred stock, $318,300
consolidated stock and all the bonds.

Lfhifjh and New York RR. Bonds. — Secured on 115.26 m. of road, described on page 503. The bonds are
in coupon form, but may be registered as to principal only, or converted into full registered bonds, at the
company's office, Philadelphia, or at the trustee's office, New York. The bonds are endorsed with a guarantee
of principal and interest without deduction for taxes. Trustee: Metropolitan Trust Co., New York.

Easton and Northern RR. Bonds. — Secured on 8.14 m. of road, leased to the Bangor and Portland RR.
Co. (see p. 61). The bonds are in coupon form, with privilege of registration. Trustee: Girard Life Insur-
ance, Annuity and Trust Co., Philadelphia, Pa.

Middlcs'rx Valley RR. Bonds. — Secured on 29.31 m. of road Csee p. 503). The bonds are in coupon form
with privilege of registration. The total issue is $600,000, of which $225,000 are not guaranteed. The Lehigh
Valley RR. Co. owns $164,000 of these. Trustee: Central Trust Co. of New York.

Elmira, Cortland and Northern Bonds. — Secured on 118.49 m. of road (see p. 503). The 6 p. c. (pre-
ferred) bonds have preference over the 5 p. c. bonds for both principal and interest. The 5 p. c. bonds are
endorsed with a guarantee of principal and interest. Trustee: Central Trust Co. of New York.

Canastota Northern RR. Bonds. — These bonds are not guaranteed by the Lehigh Valley RR. Co., but
are a mortgage lien on property which is a part of its system by ownership of capital stock. See statement
on p. 503.

Schuylkill and Lehigh Valley RR. Bonds. — The Lehigh Valley RR. Co. owns the entire issue of bonds.
They are secured on the 42.27 m. of road described on p. 504. Trustee: Girard Life Insurance, Annuity and
Trust Co., Philadelphia, Pa.

Rochester Southern RR. Bonds. — The Lehigh Valley RR. Co. owns the entire issue. They are secured
on the 30.17 m. of road described on p. 504. Trustee: Girard Life Insurance, Annuity and Trust Co.,
Philadelphia, Pa.

Hazlcton Coal Co. Bonds.— The Lehigh Valley RR. Co. owns the entire issue. Trustee: Girard Life
Insurance, Annuity and Trust Co., Philadelphia, Pa.

Greenville and Hudson Ry. Bonds. — The Lehigh Valley RR. Co. owns the entire issue. They are
secured on the property described on p. 503. Trustee: Girard Life Insurance, Annuity and Trust Co.,
Philadelphia, Pa. •

500

POORS MANUAL OF RAILROADS— RAILROAD "SYSTEMS.'

nt ROOO acres of which about 6,000 are within the coal measures and estimated to yield about 237,000,000
ut o,wu BLICD, \ji .Yiiiv.il ouuu ^^ — „„„„ at~t~ ,,.i,;..i, „«„* orvrc nnn

tons of merchantable coal, and is also secured on bituminous coal lands in the same State which cost $975,000,
subject to a lien of $500,000, and on wharves and yards in Chicago, costing about $500,000 (subject to $200,000
lien on one wharf) and in West Superior, Wis., costing about $350,000. In addition to the anthracite coal

oil me uiuutrii.y vv»titv* L»J •" -7 -- --- - , , , V. — ^i *Z. •

L V. RR. Ce.'s mtge. and collateral trust deed, to which reference has been made before. Trustee: Girard
Life Insurance, Annuity and Trust Co., Philadelphia, Pa.

Delano Land Co. Bonds. — Secured on the property described on p. 504. There is a minimum sinking

Land Co. cancelled, the remaining $224,000 consisting of other securities and cash awaiting investment.
Trustee: The Girard Life Insurance Annuity and Trust Co., Philadelphia, Pa.

Comparative statement of general balances for five years, 1893 to 1897 :
1. Capital Stock, Funded Debt, and Other Liabilities:

Capital
Stock.

Funded
Debt.

Depreci-
ation
Equipm't.

Bills and
Mtgeg.
Payable.

Current
Liabili-
ties.

Deferred
Liabili-
ties.

Contin-
gent
L'bilities.

Profit
and
Loss.

Total
Liabili-
ties.

1893

1

40,441,310

S .

33,931,000

$

$
4,174,500

9

1,778,780

$

2,404,759

465,972

7,291,059

9

90,487,380

1894
1895
1896
1897

40,441,100
40,441,100
40,441,100
40,441,100

33,929,000
34,173,000
35,560,000
40,334,000

"1,124,243

3,520,534

2,845,827
2,800,852
381,852

2,087,860
1,429,460
1,472,131
3,976,720

1,793,416
1,577,807
1,598,270
2,150,371

1,735,165
1,571,410
1,710,504
1,703,441

7,730,160
7,672,713
7,534,277

377,478

91,237,235
89,711,317
91.117.134
90,489,205

2. Property and Assets :

Railroad.

Equip-
ment.

Real
Estate.

Materials,
Etc.

Securities
Owned.

Ady'nccs,
Perman't.

Current
Assets.

Conting't

Assets.

Total

Asseti.

1893...

S

18,073,397

S
21,358,419

$

2,370,143

$

1,761,276

S
32 834,999

5,353 335

7,440,094

1 295,717

90,487,380

1894

18,260,229

21,478,469

3,000,222

1,400,135

31,415,027

5,157,355

7,267,075

3,258,723

91,937,235

1895

18,333,903

21,404,929

3,112,559

1 277,818

25 807 761

4 433 411

9 274869

3 066067

89,711 317

1896

18,824,486

23,970,673

2,023,813

1,196,645

26 558029

5 767,400

9565097

3 210,991

91,117,134

1897

18,639,292

19,018 420

1 805020

748 645

32 949 322

5 481 329

8 629 041

3 218 136

90 489 205

Capital stock consists of preferred 10 p. c. $106,300 ; common, including scrip, hot yet
converted, $40,334,800— total, $40,441,100.

"Deferred Liabilitie$" consisted of the following: Lehigh Valley Terminal Ry. Co.,
$1,525,876.60 ; Easton and Amboy RR. Co., $281,504.17; insurance fund "Bee Line," $153,-
000 ; insurance on storehouse, $21,500 ; sundry accounts, $168,489.99— total, $2,150,370.76.

" Contingent Liabilities " consisted of the following : P. & R. RR., lessees, construction,
$1,104,487.21; P. & R. RR., lessees, equipment, $452,041.60; unadjusted tease accounts,
$146,912.33— total, $1,703,441.14.

The balance sheet shows the unadjusted claim against the Philadelphia and Reading
RR. Co., lessee, to be over $1,500,000. As yet no settlement of this account has been
reached, but one is hoped to be reached during the present year. The accounts relating to
the lease have not been revalued and no estimate of their value is made in the company's
report.

"Securities Owned" consisted of the following: mortgages receivable, $733,303.90;
stocks of railroad and water lines included in the Lehigh Valley system, $18,189,701.78;

POOR'S MANUAL — LEHIGH VALLEY RE. CO.

601

Stocks of allied coal companies, $1,262,748.29 ; bonds <-f railroad and water lines included in
the Lehigh Valley system, $3,398,920 ; bonds of Lehigh Valley Coal Co., $6,400,000 ; bonds
of other coal companies, $1,022,183.17 ; bonds of other companies, $179,002; car trust cer-
tificates Lehigh Valley Terminal Ry., $900,000— total, $32,949,322.14.

Statement of bonds owned by the Lehigh Valley RE. Co., Nov. 80, 1897, and interest
received during the year :

Bonds.

Each.

Total
Par.

Income
for 1897.

Bonds.

Each.

Total
Par.

Income

for 1897.

Covered by Collateral
Trust Deed.
Coal Ridge Imp. & C.
Co., May, 1867
Coal Ridge Imp. & C.
Co., June, 1874

No.

1

400

2,000
1,400
1
900
500

$

I3T-

500
50,000
1,000
1,000

EP-

1,000
1,000

$

184,500

200,000
350,000
2,000,000
1,400,000
5,000,000
900,000
500,000

S

1 23,070 00
8,750 00

"76.00060

125,00000

Rochester Sonthern RE.
Sch. & Lehigh V'yRR.
Not Covered by Collat-
eral Trust Deed.
Gen. & Wyom. V'y RR.
Glen Summit Hotel &
Land Co

No.
425

2,000

150

79
14
389

9

1,000
1,000

1,000

1,000
500
1,000

425,000
2,000,000

150,000

79,000
7,000
389,000

$

21,25000
100,00000

4,50000

Greenv. & Hudson Ry..
Hazleton Coal Co
L.V.Coal Co., Mge.,1892.
L.V.Coal Co.,Mge.,1897.
L.V.Ter.,Ry.,Car Trust.
Morris Canal & Bkg. Co.

Muns'ii House Hotel Co.
Middlesex Valley RR...
Lehigh Foundry Co

8,20000
8208

Total

30,00000

13,584,500

490,802 08

Statement of stocks owned by the Lehigh Valley RR. Co., Nov. 30, 1897, and dividends
received during the year :

Shares.

Each.

Total
Par.

Dividends
for 1897.

Shares.

Each.

Total
Par.

Dividends
for 1897.

Covered by Collateral
Trust Deed.
Ant. Coal& Imp. Co...
Buffalo Creek RR
Canal RR

No.

12,893
1,250
6,000
2,000
32,302
3,460
5,000
6,000
100
20,000
4,000
10,000
2,400
21,483
13,000
59,000
100,000
7,500
6,000
1,959

2,715

42.446
21,024
600
400
8,000
39.968
100
3,300
3,000

*

20

100
10
100
25
25
100
50
100
100
100
50
50
100
.50
100
100
100
50
, 100

100

25
50
20
100
100
50
100
50
50

$

257,860
125,000
60,000
200,000
807,550
86,500
500,000
300,000
10,000
2,000,000
400,000
500,000
120,000
2,148,300
650,000
5,900,000
10,000.000
750,000
300,000
195,900

271,500

1,061,150
1,051,200
12,000
40,000
800,000
1,998,400
10,000
165,000
150,000

?

Wyom. Valley Coal Co..
*Easton & Amboy RR..
*National Docks Ry. . . .

Not Covered by Collat-
eral Trust Deed.
Bay Creek Ry

No.
9,222
60,000
13,750

200
100

S

100
100
100

100
20 pd.

922,200
6,000,000
1,375,000

2,000
2,000

$

8,75000

Canastota Northern RR.
Coal Ridge I. & C. Co..
C.R.I. &C.Co., preferred.
Depew & Tonaw'a RR..
Easton & Northern RR.
Elmira Transfer Ry
Elm, Cort. & No. RR...
Greenv. & Hudson Ry. .
Hazleton Coal Co

Bay Side Ry

Beth. So. Gas & W. Co.
Buff./Th.IsI.&Port.RR.
Hazleton Water Co
Hazle Water Co .

60000

2,500
300
100
600
27
1,000
100
5,000
3,361
3,183
2,714

110
50
5pd.
20 pd.
50
50
20 pd.
100
50
100
100

250,000
15,000
500
12,000
1,350
50,000
2,000
500,000
168,050
318,300
271.400
58,298
75,000
10,000
6,200
3,800
10,000
6,960
20,000
10,000
20,000
6,000

Jersey City Belt L. Ry. .
Locust Mtn. C. & I. Co.
Locust Mtn. Water Co..
Middlesex Ry

Highland Coal Co ; .
L.& N.Y.RR., preferred.
Lehigh Valley Coal Co..
Lehigh Valley Ry
L V Term Ry

10,80000

81 00

Middlesex Valley RR...
Montrose Ry

L. V. Transp. Co

Morris Can. <fc Bkg. ,Con.
Morris Can. & Bkg. ,Pref .
Moms Can . & Bkg. ,Scrip
National Docks Ry
Newark Bay Ry

V 39,872 00
165,000 00

Loyalsock RR

Mineral Spg. Coal Co. . .
Nat. Docks & N. J. Jc.

2,35080

750
500
124
76
200
348
• 50
100
400
600

100
20 pd.
50
50
50
20
400
100
50
10

N. Y. & Mi'd.Coal Field
RR & Coal Co

53,057 50

N. Y. Trans. & Ter. Ry.
Packer Coal Co . . .

Pa. &N.Y. Canal &RR.
Perth Amboy & Rar.Ry.
Pittstown Branch RR.. .
Rochester Southern RR.
Sch. & Lehigh Vy. RR.
Wav. & State Line RR.
Westwood Coal Co
W. & Harvey's L. RR. .

Paxiuosa Land & I. Co.
People's Ry
Phifa. Float'gEl. Assn.
Seneca County Ry
Stony Creek RR

69600
1,20000

Weatherly Water Co —
Total

33000

14,43750

41,004,418

397,174 80

* Owned by Lehigh Valley Terminal Ry. Co.

SUMMARY.
Par Value. Book Value.

Bonds Covered by Collateral

Trust Deed 12,959,500 00 11,565,308 17

Stocks Covered by Collateral

Trust Deed 39,167,560 00 26,321,871 51

Aggregate 52,127,060 00 37,887,179 68

Par Value. Book Value.

$ I
Bonds not Covered by Collat-
eral Trust Deed 625,00000 334,80200

Stocks not Covered by Colla-
teral Trust Deed 1,836,857 50 1,204,030 56

Aggregate 2,461,85750 1,538,83256

Aggregate value of ail securities, $54,588,917.50 ; value as per books of company, $89,-
426,012.24.

502

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.'

Statement of amounts due by railroad and water lines in Lehigli Valley System for
advances on account of construction and new property, Nov. 30, 1897 :

Boston and Northern RR. Co $317,911 78

Loyalsock RR. Co ,. .......... .... - • • • 165.434 26

Perm & New York Canal & RR. Co 55,258 75

Wilkesbarre and Harvey's Lake RR. Co... 193,242 65

Canastota Northern RR. Co 309 30

Depew and Southwestern RR. Co 13,160 72

Depew and Tonawanda RR. Co 240,530 18

Elmira, Cortland and Northern RR. Co... 5,621 55

Lehigh and Lake Erie RR. Co 1,639 12

Lehigh Valley Ry. Co 3,691,22684

Middlesex Va'lley RR. Co 9,431 20

Rochester Southern RR. Co 53,373 35

Seneca County Ry. Co 84,404 42

Bay Creek Ry. Co

Bay Side Ry. Co

327 83
280 34

Greenville and Hudson Ry. Co $57,545 77

Jersey City Belt Line Ry. Co 23,966 43

Middlesex "Ry. Co 2,253 57

Newark Bay Ry. Co 3,178 83

Perth Amboy and Raritan Ry. Co 29,273 85

Pittstown Branch Ry. Co 19,535 92

$4,967,906 66

Less credit balance L. & N. Y. RR. Co. . . 2,616 32

Lehigh Valley Trans. Co $475,711 09

$4,965,290 34

Morrig Canal 40,327 62— 516,038 71

Amount due as per balance sheet $5,481,329 05

Advances and credits to railroad lines included in the Lehigh Valley System, for the
year ending Nov. 30, 1897, were as follows :

Debits.
Easton and Northern ER. Co. :

Capital Account 130,63530

Greenville and Hudson Ry. Co.:

Capital Account $471,825 86

Less Credit 42,000 00-429,825 86

Rochester Southern RR. Co. :

Capital Account 53,647 83

Seneca County Ry. Co.:

Capital Account 59,902 27

Depew and Tonawanda RR. Co. :

Capital Account 102,652 85

Sundry Accounts Debited 16,241 24

Total Debits 792,90535

Credits.

Securities received from railroad account of $
advances in 1897 and previous years :

Stocks-Middlesex Ry. Co 2,00000

Newark Bay By. Co 10,00000

Bay Side Ry. Co 2,000 00

Bay Creek Ry. Co 20,000 00

Jersey City Belt Line Ry. Co 12,000 00

Depew and Tonawanda RR. Co 500,000 00

Greenville and Hudson Ry. Co 400,000 00

Bonds-Rochester Southern RR. Co 115,62500

Greenville and Hudson Ry. Co 350,000 00

Sundry Accounts Credited 13,&33 89

Total Credits : 1,425,45889

Net credit on account of advances to railroad lines during the year, $632,533.54.
The following statement shows the mileage, stocks, bonds, etc., of the lines controlled
and leased by the Lehigh Valley RR. Co., Nov. 30, 1897 :

NAME OP ROAD.

Mileage.

Date of
Lease.

Term of Lease.

Capital
Stock.

Bonded
Debt.

Buffalo Creek

M.

5.88
68.51
8.14
Under Const.
282.68
3.82
28.56
42.40
138.77
24.00
0.40
15.18
Under Const.
4.02
29.52
40.51
115.26
0.34
29.42
28.00
139.43
Under Const.
10.56
Under Const.

* Jan. 1, 1890
May 24, 1893
tCo
Controlled th
Jan. 1, 1891
1883
See company
Cont'd by L.V
Nov. 13, 1888
May 1, 1894
Jan. 26, 1875
Cont. by L.V.I
Controlled th
Controlled th
Controlled th
Controlled th
Aug. 24, 1895
Controlled th
Controlled th
Cont. thro'gh
Controlled th
Controlled th
Controlled th
Controlled th

For term of charter less 1 da.
Annual rental,
ntrolling interest,
rough ownership of stock.
999 years.
99 years.
s statement on page 503.
.RR., which owns entire stk.
999 years.
50 years.
Perpetual.
1R. thro'gh own'ship of stk.
rough ownership of stock,
rough ownership of stock,
rough ownership of stock,
rough ownership of stock.
999 years,
rough ownership of stock,
rough ownership of stock,
own'ship of maj. of stock,
rough ownership of stock,
rough ownership of stock,
rough ownership of stock,
rough ownership of stock.

250,000
6,000,000
200,000
12,000
5,900,000
• 4,100
10,000,000
300,000
1.061,700
980,250
10,000
150,000
12,000
40,000
800,000
2,000,000
3,803,348
2,000
500,000
304,900
2,000,000
400,000
500,000
10,000

$

488,000
6,000,000
51,000

I5,boo',6o6

Easton and Amboy

East on and Northern

Jersey City Belt Line

Lehigh Valley Ry

Hayt's Corner?, Ovid & Willard
Lehigh Valley Terminal

10,000,000

Loyalsock.

Pa. & N. Y. Canal & RR. Co
St.'ite Line and Sullivan

10,000,000
280,000

Waverly and State Line
Wilkesbarre and Harvey's Lake. .
Perth Amboy and Raritan
Pittstown Branch

Rochester Southern. . .

300,000
2,000,000
2,000,000

fibb'.ooo
' ibib.ooo

350,000

Schuylkill and Lehigh Valley
Lehigh and New York

Middlesex

Middlesex Valley

Montrose

Elmira, Cortland and Northern.
Greenville and Hudson.

Depew and Tonawanda

Newark Bay

* Leased to the " Erie " and Lehigh Valley RR. Cos.
for five years from Aug. 1, 1893.

t Leased to the Bangor and Portland Ry. Co.

RAILROADS LEASED OB OPERATED BY THE LEHIGH VALLEY RR. Co.

Depew and Tonawanda RR.— Depew to

North Tonnwanda, N. Y., 10.56 miles. Chartered
June 15, 1895; opened Nov. 15, 1896. Controlled and
operated by the Ix^high Valley RR. Co., which ad-
vanced $740,530 toward the construction of the road.
Financial Statement not furnished. Alfred Walter
Pres. ; Chas. Hartshorne, Vice-Pres., Philadelphia,
Fa.; Robt. H. Sayre, 2d Vice-Pres., South Beth-
lehem, Pa.; Wm. C. Alderson, Treas.; John R. Fan-
shawe, Sec.; Isaac McQullkin, Compt., Philadelphia,
Pa. Corporate Office, Buffalo, N. Y.

Eastern and Amboy RR.— Easton, Pa., to
Perth Amboy, N. J., 60.15 m. (double track, steel
rails, and 98.4 m. yard tracks and sidings); branches,
8.36 m.— total, 68.51 miles. Chartered April 3, 1872.
Main line opened in June, 1875; branches completed
in 1892. (See Manual for 1893.) Operated by the
L. V. RR. Co. under agreement of May 24. 1893;
rental, interest on bonds. Capital stock, $6.000.000;
funded debt (see L. V. RR. Co.'s bond statement),
$6.000,000— total, representing cost, etc., $12,000.000.
Alfred Walter, Pres. ; Chas. Hartshorne, Vice-Pres. ;

POOR'S MANUAL — LEHIGH VALLEY SYSTEM.

50o

Robt. H. Sayre, 2d Vice-Pres. ; John B. Garrett, 3d
Vice-Pres. ; John R. Fanshawe, Sec. ; J. A. Harris,
Jr., Treas.; Isaac McQuilkin, Compt., Philadelphia,
Pa. General Office, 228 So. 3d St., Philadelphia, Pa.
Corporate Office, Gloucester, N. J.

I :iin ira. Cortland and Northern RR.—
Elmira to Canastota, N. Y., 118.49 m.; Canastota
Northern RR. (leased), 20.65 m.— total, 139.14 m.;
total track (steel; 66 and 70 IDS.), 165.95 miles.
Successor, March 7, 1884, to the Utica, Ithaca and
Elmira RR. Co. The sections from Elmira to Horse-
heads, 5.28 m. (Canal RR.), and from Cortland to
DeRuyter, 20.22 in. (branch N. Y., O. & W. Ry.), are
nominally leased but practically owned by the com-
pany. (See Manual for 1895, page 135.) In Feb.,
1896, the Lehigh Valley RR. Co. acquired the entire
capital stock of this company and agreed to guaran-
tee, by endorsement, the $1,250,000 1st mtge. bonds.
Financial Statement, Nov. 30, 1897.— Capital stock
($100 shares), $2,000,000; funded debt (see L. V. RR.
Co.'s bond statement), $2,000,000— total, $4,000,000.
Cost of road, etc., $4,000,844. Alfred Walter, Pres.;
Chas. Hartshorne, Vice-Pres., Philadelphia, Pa.;
Robt. H. Sayre, 2d Vice-Pres., So. Bethlehem, Pa.;
John B. Garrett, 3d Vice-Pres.; John R. Fanshawe,
Sec.; Wm. C. Alderson, Treas.; Isaac McQuilkin,
Compt., Philadelphia, Pa. General Office, 228 So. 3d
St., Philadelphia, Pa.

CANASTOTA NORTHERN RR.— Canastota to
Camden, N. Y., 20.73 m.; total track, 23.49 miles.
Rail (steel, 20.73 m.), 56 Ibs. Chartered March 24,
1886; opened July 25, 1887. Leased Aug. 16, 1886,
for term of charter, to E., C. & N. RR. Co., which
guarantees this company's bonds, both principal and
interest. Capital stock, $200,000; funded debt (see
L. V. RR. Co.'s bond statement), $300,000— total,
$500,000. Contra: Cost of road, $500,000. Alfred
Walter, Pres.; Chas. Hartshorne, Vice-Pres., Phila-
delphia, Pa.; Robert H. Sayre, 2d Vice-Pres., So.
Bethlehem, Pa.; John B. Garrett, 3d Vice-Pres.;
John R. Fanshawe, Sec.; Wm. C. Alderson, Treas.;
Isaac McQuilkin, Compt., Philadelphia, Pa. General
Office, 228 So. 3d St.. Philadelphia, Pa.

Greenville and Hudson Ry.— Under eon-
stmction from Greenville to Jersey City, N. J., 2.62
miles. Controlled by the Lehigh Valley RR. Co.
through ownership of the entire stock and bond Is-
sues. Financial Statement, Dec. 31, 1897.— Capital
stock, $400,000; funded debt (see L. V. RR. Co.'s
bond statement), $350,000; other liabilities, $58,265
—total, representing cost of road, etc., $808,265.
John Hood, Pres., Camden, N. J.; David G. Bairfl,
Sec. & Treas., Philadelphia, Pa.

Jersey City Belt Line Ry.— Under construc-
tion, in Jersey City, N. J., 5.83 miles. Controlled by
the Lehigh Valley RR. Co. through ownership of
capital stock. Financial Statement, Dee. 31, 1897.—
Capital stock, $12,000; other liabilities, advances by
L. V. RR. Co.. $23.996— total, representing cost of
road, etc., $35,996. John Hood, Pres., Camden, N. J.;
David G. Baird, Sec. & Treas., Philadelphia, Pa.

I .-liiiih Valley Ry.— Buffalo, N. Y., to Penn.
State Line, 175.15 m.; Van Etten June, to Geneva
June., 59.49 m.; Willard's Branch (leased), 3.82 m.;
Ithaca, N. Y., to Auburn, 42.46 m. ; Cayuga June., N.
Y., to Ithaca June., N. Y.. 3.75 m.— total, 284.67 m. ;
2d track, 175.15 m.; sidings, 144.74 miles. Rail
(steel, 259.92 m.), 58 to 80 Ibs. Consolidation, June
23, 1890, of the Geneva and Sayre, the Geneva and
Van Ettenville, the Buffalo and Geneva, the Auburn
and Ithaca, and the Lehigh Valley Ry. Cos. Opened
throughout in Sept., 1892. Leased for 999 years from
Jan. 1, 1891, to the Lehigh Valley RR. Co. Finan-
cial Statement. Dec. 31, 1897.— Capital stock (par,
$100), $5,900,000; funded debt (see L. V. RR. Co.'s
bond statement), $15,000,000; advances made by L.
V. RR. Co. on account of construction, $3,688,727—
total, representing cost, etc., $24,588,727. Alfred
Walter^ Pres. ; Chas. Hartshorne, Vice-Pres. ; Robt.
H. Sayre. 2d Vice-Pres.; John B. Garrett, 3d Vice-
Pres.; John R. Fanshawe, Sec.; W. C. Alderson,
Treas.; Isaac McQuilkin, Compt., Philadelphia, Pa.
General Office. 228 So. 3d St., Philadelphia, Pa.
Corporate Office, Buffalo, N. Y.

HAYT'S CORNERS, OVID AND WILLARD
RR.— Hayfs Corners, N. Y., to Willard, N. Y., 3.82
m.; sidings, etc., 3.27 miles. Gauges (three rails),
3 ft. and 4 ft. 8} in. Rail (steel, 3.83 m.), 58 Ibs.
The total length of the line is 5.18 m., of which 3.83
m. is maintained and operated by the L. V. RR.,
and the remaining 1.35 m. Is owned by the State
of New York. The L. V. RR. operates the State's,
1.35 m., under an agreement. Chartered Sept. 15,
1882; opened in 1883, and leased for 99 years to
Geneva. Ithaca and Sayre RR. Co., now a part
of the Lehigh Valley Ry. Co. Capital stock, $4.100.
Cost of road, $2,279, James B, Thomas, Pres.; Alden

Horton, Vice-Pres.; John F. Covert, Sec., Ovid, N. Y.
General Office, Ovid, N. Y.

Lehigrli Valley Terminal Ry.— South Plain-
field, N. J., to Communipaw, Jersey City, N. J., 28.08
miles. Consolidation, Aug. 28, 1891, of the Roselle
and South Plainfleld (see Manual for 1891, page 749),
the Newark and Uoselle, the Jersey City, Newark and
Western, the Newark and Passaic, the Jersey City
Terminal, the Edgewater, and the Newark Ry. Cos.
Leased to the Easton and Amboy RR. Co., and both
roads operated by the Lehigh Valley RR. Co., under
agreement of May 24, 1893. Capital stock (par, $100),
$10,000,000; funded debt (see L. V. RR. Co.'s bond
statement), $10,000,000— total, $20,000,000. Alfred
Walter, Pres.; Chas. Hartsborne, Vice-Pres.; Robt.
H. Sayre, 2d Vice-Pres.; John B. Garrett, 3d Vice-
Pres.; W. C. Alderson, Treas.; D. G. Baird, Sec.;
Isaac McQuilkin, Compt., Philadelphia, Pa. Princi-
pal Office, 228 So. 3d St., Philadelphia, Pa. Corporate
Office, Jersey Citv, N. J.

Lehieh and New York RR.— Penn. State
Line to North Fairhaven, N. Y., 115.26 m. ; sidings,
27.52 miles. Rair (steel, 115.26 m.), 56 to 66 Ibs.
Reorganization, Aug. 23, 1895, of the Southern Cen-
tral RR. Co. (See Manual for 1895, p. 1396.) Leased
for 999 years, from Aug. 24, 1895, to the L. V. RR.
Co., any surplus over bond Interest going to the
lessor as rental. Financial Statement, Dec. 31, 1897.
—Capital stock ($100 shares), preferred, $3,391,648;
common, $411,700— total. $3,803,348. Funded debt
(see L. V. RR. Co.'s bond statement), $2,000,000.
Alfred Walter, Pres.; Chas. Hartshorne, Vice-Pres.;
Robt. H. Sayre, 2d Vlce-Pres.i John B. Garrett, 3d
Vice-Pres.; William C. Alderson, Treas.; John R.
Fanshawe, Sec.; Isaac McQuilkin, Compt., Philadel-
phia, Pa. General Office, Auburn, N. Y. Philadel-
phia Office, 228 So. 3d St.

LoyaUock RR.— Length of line, 42.4 m.; sid-
ings, 6.56 miles. Chartered Dee. 3, 1884; entire road
opened In 1893. Lehigh Valley RR. Co. owns the
entire capital stock, $300,000. Cost of road, $465,-
434. Alfred Walter, Pres.; Chas. Hartshorne, Vice-
Pres.; John R. Fanchawe, Sec. & Treas.; Isaac Mc-
Quilkin, Compt., Philadelphia, Pa. Corporate Office,
228 So. 3d St., Philadelphia, Pa.

Middlesex Ry.— In Perth Amboy, N. J., 0.34
mile. Chartered Nov. 30, 1886. Extends from a
point In the side track of the Easton and Amboy RR.
in Perth Amboy, N. J., to the United Refiners' Ex-
port Oil Co.'s property in same city. Operated as a
branch of the Easton and Amboy RR. Controlled by
the Lehigh Valley RR. through ownership of stock.
Capital stock (auth.. $10,000; par, $100) paid In,
$2,000; other debt. $2,254— total, $4,254. John Hood,
Pres.; D. G. Baird, Sec. & Treas.; Isaac McQuilkin,
Compt., Philadelphia, Pa. General Office, 228 So. 3d
St., Philadelphia, Pa. Corporate Office, Perth Am-
boy, N. J.

Middlesex Valley RR.— Naples to Geneva,
N. Y., 29.42 m.; total track (steel; 60 Ibs.), 31.13
miles. Chartered May 11, 1892; road opened as above
in fall of 1894. On Dec. 2, 1895, the entire capital
stock was acquired by the Lehigh Valley RR. Co.
(See Manual for 1896, p. 590.) Capital stock ($100
shares), $500,000; funded debt (see L. V. RR. Co.'s
bond statement), $600,000— total, $1,100,000. Cost of
road, etc., $1,094.309. In addition to the entire capi-
tal stock the Lehigh Valley RR. Co. owns $225,000
of the bonds, and guarantees the remaining 8375,000
of bonds. Alfred Walter, Pres.; Charles Hartshorne,
Vice-Pres., Philadelphia, Pa.; Robert H. Sayre, 2d
Vice-Pres., South Bethlehem, Pa.; John B. Garrett,
3d Vice-Pres.; W. C. Alderson, Treas.; John R Fan-
shawe, Sec.; Isaac McQuilkin, Compt., Philadelphia,
Pa. General Office, 228 So. 3d St., Philadelphia, Pa.

Montroae Ry.— Tunkhannock to Montrose, Pa.,
28 m.; total track (steel, 2 m.; 40 Ibs.), 32 miles.
Gauge, 3 ft. ; 6 miles 3d rail, standard and narrow
gauge. Chartered April 5, 1869; road completed in
1876. Controlled by the Lehigh Valley RR. Co.,
through ownership of a majority of the capital stock,
but road operated separately until Jan. 10. 1898,
when the operation of It was assumed by the L. V.
RR. Co. Locomotives, 3. Cars— passenger, 3; bag-
gage, etc., 3; freight (box, 5; stock, 2; flat, 3; coal,
14), 24; other, 5— total cars, 35. Operations, year
ending June 30, 1897.— Trains run (passenger, 35,840;
freight, 8,900), 44,740 miles. Passengers carried,
14,548; carried one mile, 238,689. Tons moved, 12,-
306; ton-miles, 196,896. Earnings (passenger, $6,690;
freight, $13,651; other, $2,581), $22,922. Operating
expenses, $18,365. Net earnings, $4,567. Financial
Statement, June 30, 1897.— Capital stock (auth.,
$500,000; shares, $50), $304,900; stock subscription,
$2,527; bills payable. $10,269; profit and loss, $61.493
—total, $379,194. Contra: Cost of road, etc., $373,-
794; cash and accounts, $5,400— total, $379,194. The

504

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Lehigh Valley RB. Co. owns $168,050 of the capital
stock. Alfred Walter, Pres.; J. A. Harris, Jr.,
Treas • David G. Bulrd, Sec.; Isaac McQuilkin,
Cornpt., Philadelphia, Pa. General Office, 228 So. 3d
St., Philadelphia, Pa.

Newark; Bay Ry.— Under construction, in
Newark N J., 4.91 miles. Controlled by the Lehigh
Valley BR. Co., through ownership of the capital
stock. Financial Statement, Dec. 31. 1897.— Capital
stock, $10,000; advances by L. V. KB. Co., $3,179—
total, representing cost of road, etc., $13,179. John
Hood, Pres., Cainden, N. J.; David G. Baird, Sec. &
Treas., Philadelphia, Pa.

Pennsylvania and New York Canal
and RR.— Wilkesbarre, Pa., to New York State
Line 96 51 m. ; branches, 42.26 in.— total, 138.77
miles. Leased: State Line and Sullivan RB., 24.06
m ; Waverly and State Line BR., 0.41 m.— total
owned and leased, 163.24 m.; 2d track, 99.40 m.; 3d
track 2.06 m.; sidings, 151.99 m.— total track (steel,
394.13 m.), 416.69 miles. Gauge, 4 ft. 8J in. Bail,
58 to 76 Ibs. Chartered in 1867 and opened in 1869.
Leased Nov. 13, for 999 years, to the Lehigh Valley
BR Co., and forms a northern outlet of that line.
Financial Statement. Nov. 30, 1897.— Capital stock
(par, $50), $1,061,700; funded debt (see L. V. BB.
Co.'s bond statement), $10,000,000; North Branch
Canal Co. bonds, $2,000. The consol. mtge. bonds
were issued in exchange for preferred stock and for
arrearages, and to pay off Ists at maturity. Author-
ized issue, $10,000,000. Alfred Walter, Pres.; Chas.
Hartshorne, Vice-Pres.; John B. Fanshawe, Sec.; J.
A. Harris, Jr., Treas.; Isaac McQuilkin, Compt.,
Philadelphia, Pa. General Office, 228 So. 3d St.,
Philadelphia, Pa.

STATE LINE AND SULLIVAN BB.— Monroe-
ton to Bernice, Pa., 24 m.; sidings, 4.11 miles. Ball
(steel, 24 m.), 58 Ibs. Chartered in 1864 as Sullivan
and Erie BR. Co.; opened in 1867. Sold under fore-
closure Oct. 14, 1874; reorganized as S. L. & S. By.
Co., Dec. 2, 1874. Leased for 50 years, May 1, 1884,
to the P. & N. Y. C. & BB. Co.; rental, $40,000 per
annum. The company's mines are not included In
the lease. (See Manual for 1895, p. 510.) Income,
year ending Oct. 31, 1896: Bental, $40,000; other
receipts, $310,071— total, $350,071. Expenses and
taxes, $327,468. Net income, $22,603. Paid interest
on bonds, $16,800. Surplus. $5,803. Capital stock
(par, $50), $980,250; funded debt (1st mtge. 6 p. c.
20-yr. $1,000 coup, bonds, due Jan. 1, 1899, int. J. &
J.), $280,000; unfunded debt, $19,489; income bal-
ance, $110,861— total, $1,390,600. Contra: Cost of
road, etc., $600,000; other investments, $500,000; all
other assets, $290,600— total, $1.390,600. Interest
payable at the Union Trust Co., New York. Henry C.
Davis, Pres., Philadelphia, Pa.; O. A. Baldwin, Sec.
& Treas., Towauda, Pa. General Office, 204 Walnut
Place, Philadelphia, Pa.

WAVEBLY AND STATE LINE BY.— Waverly,
N. Y., to Penn. State Line, 0.41 in.; 2d track, 0.37
m.; total track (steel, 0.40 m.; 58 to 76 Ibs.), 3.34
miles. Chartered June 11, 1867; road opened Jan. 26,
1875, and leased in perpetuity to the Penn. & New
York Canal and RB. Co. Owned and operated by the
Lehigh Valley BB. Co. Capital stock, $10,000; ad-

vances by lessee, $54,398— total, representing cost,
etc., $64,398. Alfred Walter, Pres.; Chas. Harts-
horne, Vice-Pres.; Bobt. H. Sayre, 2d Vice-Pres.;
John B. Garrett, 3d Vice-Pres.; John R. Fanshawe,
Sec ; W. C. Alderson, Treas.; Isaac McQuilkin,
Compt., Philadelphia, Pa. Corporate Office, Phila-
delphia. Pa.

Perth Amboy and Raritan Ry.— Perth
Amboy Branch to Mill Brook Boad, Including Keasby
and Weber Branches, 6.16 miles. Constructed In
1891 to 1893. Controlled by the Lehigh Valley RB.
Co., through ownership of capital stock. Financial
Statement. Dec. 31, 1897.— Capital stock, $12,000;
advances by L. V. RR. Co., $29,274— total, represent-
ing cost of road, etc., $41,274. John Hood, Pres.,
Camden, N. J.; David G. Balrd, Sec. & Treas., Phila-
delphia, Pa. General Office, 228 So. 3d St., Phila-
delphia, Pa.

Plttstown Branch Ry.— Landsdown to Pitts-
town, N. J., 4.02 miles. Rail (steel), — Ibs. Char-
tered March 6, 1890; operated as a branch of th&
Easton and Amboy RR. Controlled by the Lehigh
Valley RR. Co., through ownership of stock. Capital
stock' (par, $100) authorized and paid in, $40,000;
floating debt, $19,536— total, representing cost, etc.,
$59,536. John Hood, Pres.; D. G. Baird, Sec. &
Treas.; Isaac McQuilkin, Compt., Philadelphia, Pa.
General Office, 228 So. 3d St., Philadelphia, Pa. Cor-
porate Office, Perth Amboy, N. J.

Rochester Southern RR.— Length of line.
30.17 miles. Rail (steel), — Ibs. Consolidation, Aug.
14, 1895, of Rochester and Honeoye Valley, and the
Rochester Southern RRs. (See Manual for 1896, p.
595.) Controlled by the Lehigb Valley RR. Co.,
through ownership of stock ($100 shares), $800,000.
Funded debt, $425,000. Alfred Walter, Pres.; Chas.
Hartshorne, Vice-Pres.; Robt. H. Sayre, 2d Vice-
Pres.; John B. Garrett, 3d Vice-Pres.; John R.
Fanshawe, Sec.; W. C. Alderson, Treas.; Isaac
McQuilkin, Compt., Philadelphia, Pa. General Office,
228 So. 3d St., Philadelphia, Pa. Corporate Office,
Rochester, N. Y.

Sohuylkill and Lehlgh Valley RR.—
Lizard Creek June, to Blackwood June., Pa., 39.57
m. ; sundry branches, 2.69 m.— total, 42.26 m. ; sid-
ings, etc., 10.58 miles. Rail (steel), 76 Ibs. Char-
tered Oct. 9. 1886; opened Sept. 15, 1890. Controlled
by the Lehiph Valley RR. Co. through ownership of
the entire stock. Capital stock (par, $50), $2,000,000;
funded debt (see L. V. RB. Co.'s bond statement),
$2,000,000— total, $4,000,000. Alfred Walter, Pres.;
Chas. Hartshorne, Vice-Pres.; D. G. Balrd, Sec. &
Treas.; Isaac McQuilkin, Compt., Philadelphia, Pa.
General Office, 228 So. 3d St., Philadelphia, Pa.

Wilkesbarre and Harvey's Lake RR.
—Wilkesbarre to Harvey's Lake, Pa., 15.1 m.; sid-
ings, 2.47 miles. Ball (steel), 67 Ibs. Chartered
Sept. 24, 1885. Controlled by the Lehigh Valley BB.
through ownership of stock. Capital stock (par, $50),
$150,000. Cost of road, etc., $343,242. Alfred Wal-
ter, Pres.; Chas. Hartshorne, Vice-Pres.; David G.
Raird, Sec. & Treas.; Isaac McQuilkin, Compt.,
Philadelphia, Pa. General Office, 228 So. 3d St.,
Philadelphia, Pa.

OTHER PROPERTIES CONTROLLED BY THE LEHIGH VALLEY ER. Co.

Delano Land Co.— Incorporated March 15, 1872.
This company holds and leases certain lands, aggre-
gating 5,229.25 acres, in Rush Township. Schuylkill
Co., Pa. Financial Statement, Nov. 30, 1897.— Capi-
tal stock (auth., $1,000,000; par, $50), $350000;
funded debt (see L. V. RR. Co.'s bond statement),
$1,153,000— total, $1,503.000. Principal and interest
guaranteed by the Lehigh Valley RR. Co. There Is
a minimum sinking fund of $30,000 per annum; bonds
may be retired at par or under. Trustee: Girard Life
Insurance, Annuity and Trust Co., Philadelphia Pa.
Officers: Israel W. Morris, Pres.; John R. Fanshawe,
Sec.; J. A. Harris, Jr., Treas.; Isaac McQuilkin,
Compt., Philadelphia, Pa. General and Corporate
Office 228 So. 3d St., Philadelphia, Pa.
iJl'e lllKn Valley Coal Co.— Organized Jan. 11,

381, to mine and sell coal. In 1884 the property of
the Spring Mountain Coal Co. was purchased, and on
June 1, 1884, 45,000 acres of land in Centre Co., Pa.,
known as the Snow Shoe property. Since then vari-
ous additions have been made to the property, making
an estimated total, at the present time, of 100.000
acres. Owned entirely by the L. V. RR. Co This
property was not included in the lease of Dec. 1,

an, to the Philadelphia and Reading RR. Co. (See
Manual for 1893, page 957.) Income, year ending
Nov. 30. 1897: Royalties, $83.466; income from in-
I?otm£nt!' *55.339; rents, $18,102; general interest,
$19,624-total, $176,531. Deduct— net loss on sales

of coal, $106,771; taxes not charged against cost of
coal, $19,450; depreciation of coal storage plants,
$15,133; interest on Snow Shoe bonds, $25,000— total,
$166,354. Surplus, $10.177; surplus forward. $1.928,-
552— total, $1,938,729. Deduct depreciation of colliery
improvements, $1,500,000; other deductions, $333.130
-total, $1,833,130. Credit balance Nov 30. 1897,
$105,599. Financial Statement, Nov. 30, 1897.— Cap-
ital stock, $650.000; funded debt (1st mtge. 5 p. c.
gold loan, $11,697,000; mtge. 5 p. c. gold bond, $5,-
000,000; Snow Shoe 1st mtge. bonds, $500,000), $17,-
197.000; depreciation of coal lands per sinking fund,
$357.853; due L. V. RR. Co., $1,079.915; sundry
creditors, $1,480,010; profit and loss, $105,599— total,
$20,870,377. Contra: Coal lands, $4,617,718; colliery
improvements. $3.974,864; coal storage properties
and plants, $850,012; other real estate, $3,000; secu-
rities owned (stocks of allied companies, $§93,568;
interest in allied companies, $10.000; mtges. receiv-
able, $18,876). $722,444; current assets (advanced
royalties, $3,912,680; due for coal sold, $3,240,360;
cash, $505.645; bills receivable, $492.309; other,
$166,569), $8,317,563; stock of coal on hand, $2,311,-
142; materials, etc., $73,634— total, $20,870,377. The
1st mtge. bonds and the 5 p. c. gold bond are guar-
anteed by the L. V. RR. Co. and are described in
that company's bond statement (see page 498). The
Snow Shoe bonds are not guaranteed. They are $500
30-yr. reg. bonda due Jan. 1, 1910, int, J. & J.. at 228

POOR'S MANUAL — LONG ISLAND ER. CO.

505

So. 3d St., Philadelphia. Trustee: Girard Life In-
stirance, Annuity and Trust Co., Philadelphia, Pa.
Stocks of allied companies owned are as follows:
6,304 shares, Locust Mtn. C. & I. Co., $315,200; 7,000
shares, Delano Land Co., $350,000— total par, $665,-
200; value as per books, $693,568.

Comparative statement of coal produced by the
collieries in which this company and the L. V. RR.
Co. are interested; years ending Nov. 30:

1897 1896

Lehigh Valley Coal Co. .$2,613,725 15 $2,819,756 18
Tenants of L. V. Coal Co. 636,340 01 878,719 07
Tenants of Companies

controlled by L. V.

Coal Co 502,663 02 613,436 11

Tenants (Other than L.

V. Coal Co.) Controlled

by Lehigh Valley RR.

Co 631,71313 786,27804

Total Tonnage $4,384,44211 $5,098,19100

Directors. — Charles Hartshorne, Israel W. Morris,
Robert H. Sayre, Chas. H. Coster, Edward T. Stotes-
bury, Elisha P. Wilbur. Officers: Alfred Walter,
Pres.; Charles Hartshorne, Vlce-Pres.; William II.
Sayre, 2d Vice-Pres. ; John R. Fansbawe, Sec. ; J. A.
Harris. Jr.. Treas.; Isaac McQuilkin. Compt.; Israel
W. Morris, Gen. Land Agent, Philadelphia, Pa.
General Office, 228 So. 3d St., Philadelphia, Pa.

Morris Canal and Banking: Co.— Length of

Canal— Jersey City, N. J., to Phlllipsburg, N. J
102.38 m., with the following feeders: Lake Hopat-
cong, in Morris Co., 0.5 m., and Pompton feeder In
Passaic Co., 3.6 m.— total, 106.48 miles. Leased for
999 years from April 1, 1871, to the Lehigh Valley
RR. Co., the lessee assuming bonds and paying 10
p. c. per annum on preferred stock and 4 p. c. on
consolidated stock. Financial Statement.— Capital
stock (consol. 4 p. c. guaranteed, $1,025,000; pre-
ferred 10 p. c. guaranteed, $1,175,000), $2,200.000;
funded debt (1st mtge. 6 p. c. $10,000 bonds, dated
Sept. 15, 1890, due Oct. 1, 1920), $500,000— total stock
and bonds outstanding, $2,700,000. Dividends on
stock payable 1st Tuesday of Feb. and Aug., and
interest on bonds April and Oct., at the office of
the Lehigh Valley RR. Co., Philadelphia, Pa. Di-
rectors.—1st class: W. C. Alderson, Win. Hogen-
camp, Wm. H. Corbln; 2d class: Robert H. Sayre,
James I. Blakslee, John Hood, G. A. Hobart, H. H.
Kingston; 3d class: Elisha P. Wilbur, Wm. H. Sayre,
E. Y. Hartshorne, William S. Taylor, Alfred Wal-
ter; 4th class; Thomas N. McCarter, Charles
Hartshorne, J. B. Garrett, Henry S. Drinker, R. H.
Wilbur, 5th class: John R. Fanshawe, Byerly Hart,
Charles E. Webster. Warren A. Wilbur, and one
vacancy. Officers: Presidency, vacant; Charles Harts-
horne, Vice-Pres.; J. R. Fanshawe, Sec.; Isaac
MeQuilkin, Compt., Philadelphia, Pa. General Of-
fice, 228 So 3d St., Philadelphia, Pa. Corporate
Office, Jersey City, N. J.

Board of Directors, Lehigh Valley RE. Co., elected Jan. 18, 1898.

Charles Hartshorne. .Philadel'ia, Pa.
Elisha P. Wilbur.So. Bethlehem, Pa.

Joseph Wharton . .Philadelphia, Pa.
Thomas McKean

John B. Garrett ____ Philadelphia, Pa. | Eugene Delano ____ New York, N. Y.

Beauveau Borie ____

J Edwartl T. Stotesbury. . . .Phiia., Pa!

Chas. H. Coster New York, N. Y.

J. C. Strawbridge. .Philadelphia, Pa.

Irving A. Stearns Drifton, Pa.

Abram Nesbitt Wilkesbarre, Pa.

ALFRED WALTER, President Philadelphia, Pa.

Vict-Pres.— Charles Hartshorne Philadelphia, Pa.

2d Vice- Pm.— John B. Garrett

Comptroller— Isaac McQuilkin

PRINCIPAL OFFICE AND ADDRESS No. 228 So. Third St., Philadelphia, Pa.

Secretary— John R. Fanshawe Philadelphia, Pa.

Treasure-/ — J. A. Harris, Jr "

Floral Park to Creedmoor 1 .01 m.

Mineola to Oyster Bay 14.56 m.

Mineolato Hempstead Crossing 1.50m.

Hicksville to Old Northport 15.05 m.

Manor to Eastport Junction 5.49 m.

Whitestone Jc. to Whitestone Landing. 4.82 m.

Lines
Leased

LONG ISLAND BAILROAD COMPANY.

( Long Island City to Greenport, N. Y 94.42 m.

Main Lines of Road: -JBushwick to Sag Harbor, N. Y 95.66 m.

(Long Island City to Great Neck, N. Y 13.59 m.— 203.67 miles.

Branch Lines Owned :

N. Y. & F. Jnnc. to Bnshwick June. 1.63 m.
Valley Stream to N. Y. & R. B. June. 5.53 m.

Pearsall's to Long Beach 6.41 m.

Long Isl. City to N.Y.& Flush. Jc. 2.29 m.

Floral Park to Babylon 19.56 m.

Garden City to Hempstead 1.23m. — 79.98

( New York and Rockaway RR.: Rockaway Jc. to Far Rockaway. . 6.17 "
L. I. RR. North Shore Branch : Northport Jc. to Wading Riv. . . 30.29 "
J New York, Brooklyn and Manhattan Beach Ry. (see page 508). .. .18.99 "
N 1 Brooklyn and Jamaica RR.: Jamaica to Flatbush Av., Brooklyn. 10.23 "

V&.V4 m;. Montauk Extension RR.: Bridgehampton to Mont auk 20.84 "

[ New York Bay Extension RR.: Garden City to Valley Stream. . . 6.12 •"

Total length of lines owned (283.65 m.) and leased, June 30, 1897 375.29 "

rvmii. n /i J New York and Rockaway Beach Ry 13.90 "

K [Prospect Parkand Coney Island RR 9.65 "

Total length of Long Island RR. System 398.84 miles.

2d track (owned, 64.15 m.; leased, 31.35 m.), 95.50 m. ; sidings (owned, 90.74 m. ; leased,
24.41 m.), 115.15 miles. Steel rails (owned, 347.80 m.; leased, 122.99 m.), 470.79 miles.
Gauge, 4 ft. 8i in. Rail— iron, 50 and 56 Ibs. ; steel, 56, 70 and 80 Ibs. per yard.

NOTE. — A section of the Long Beach branch, from Long Beach to Point Lookout, 4.14 m., not included
above, has not been operated during the past three years.

History. — Chartered April 24, 1834 ; main line opened from Jamaica to Greenport, July
19, 1844. The other lines were added from time to time by consolidation and otherwise, as
shown iu the MANUALS for 1888 and subsequent years.

Under the terms of a voting trust agreement, dated Feb. 1, 1898, a majority, $6,030,000, of
the stock has been deposited with the United States Mortgage and Trust Co., New York,
N. Y., and its voting power for five years vested in the following named trustees : Charles
M. Pratt, Lewis C. Ledyard, August Belmont, Theodore A. Havemeyer and Geo. W. Young.

506

POOR'S MANUAL OF KAILROADS — RAILROAD "SYSTEMS.

Rolling Stock, June 30, 1897.— Locomotives, 153. Cars— passenger, 341 ; parlor, 42;
open excursion, 77 ; paymaster, 7 ; private, 1 ; baggage, mail, and express, 29 ; freight (box,
583 ; produce, 15 ; gondolas, 588; caboose, 40 ; refrigerator, 2), 1,228 ; other, 46— total, 1,745.
Of this equipment 12 locomotives, 52 passenger, 77 excursion, and 5 caboose cars are leased.
The company also owns 1 steam lighter, 5 car floats, and 9 ferry-boats.

Operations, year ending June 30, 1897 (375.29 miles).— See tabulated statement below.

Earnings-Passenger ................8W5442

Mail 38,16721

Express 477,890 35

Miscellaneous, Rentals, etc 77,190 39

Total ($10,538.16 per mile) $3,954,865 74

Expenses— Conducting Transportation — $1,881,97849
Maintenance of Equipment . . . 300,250 33

Maint. Way and Buildings 442,610 29

General and Taxes 323,155 02

Total ($7,855.24 per mile) $2,947,994 13

Net earnings (25.46 p. c.), $1,006,871.61 ; income on investments, $4,708 ; net earnings
of ferry, coupes, and river and harbor transportation, $110,137.37 — total, $1,121,716.98.
Payments : Interest on bonds, $644,230 ; on real estate mtges., $14,431.86 ; interest and dis-
count, $50,383.84; rentals of leased lines (details below), $310,466.67 ; dividends Nos. 73 and
74 (Aug. 1 and Nov. 1, 1896, 1 p. c. each), $240,000— total, $1,259,512.37. Deficit, $137,-
795.39; add profit and loss debit, for adjustments in account, $2,053,457.31 — total, $2,191,-
252.70. Deduct surplus from June 30, 1896, $500,727.30. Net deficit, $1,690,525.40.

Statement of operations, income account, etc., for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of RR. Operated

360.94
2,574,164
319,699
53,313

361.27
2,000,803
406,730
49,169

361.66
2,763,695
409,248
578,115

361. 6fi
2,657,233
412,807
582,992

360.15
2,390,096
403,629
628.410

367.45
2,481,145
374,878
591,182

378.89
2,638,611
363,814
577,737

375.29
2,401,586
385,912
538,160

Passenger Train Miles ....
Freight Train Miles

Total Train Miles

2,947,176

13,139,691
127,994,962
686,946
30,386,250
$
2,212,724
1,070,871
402,174

3,056,702

14,269,180
38,981,813
780,751
32,464,294
$
2,406,262
1,218,832
436,805

3,751,058

14,596,820
142,018,916
805,980
33,045,180
$
2,458,425
1,257,108
455,990

3,653,031

14,498,762
141,705-110
883,6721
36,461,296,
$
2,455,921
1,369,863
474,554

3,422,135

13,919,249
135.991,082
845,218
34,873,794
$
2,353,569
1,309,228
480,636

3,447,205

13,768,163
33.876,991
795,575
32,679,836
$
2,298,662
1,216,347
499,010

3,580,169

13,934,534
134,716,875
835,937
34,273,417
$
2,281,577
1,142,015
539,207

3,325,658

11,934,947
126,923,174
1,177,935
30,368,360

$

2,193,654
1,167,963
593,249

Passengers Carried One M.
Tons of Freight Moved —
Tons Moved One Mile

Passenger Earnings

Freight Earnings

Gross Traffic Earnings
Expenses and Taxes

3,685,769
2,404,130

4,061,899
2,660,517

4,171,523
2,865,294

4,300,338
2,989,455

4,143,433
2,862,810

4,014,019
2,767,854

8,962,799
2,742,608

3,954,866
2,947,994

Net Traffic Earnings

1,281,639
53,709

1,401,382
60,598

1,306,229
81,139

1,310,883
126,745

1,280,623
81,148

1,246,165
159,230

1,220,191
151,904

1,006,872
114,845

Miscellaneous Receipts
Available Revenue

1,340,348
172,645
523,277
(4) 480,000
164.426

10,211 58
6,660 75
3,55083
65. 23 p. c.
1.728c.
3.524C.
*
12,000,000
9.584,703
236,000

1,461,980
175,582
553,234
(4") 480,000
253,164

11,24339
7,364 34
3,879 05
65. 50 p. c.
1.731c.
3.754 c.
$
12,000,000
10,143,703
241,700

1,387,368
178,604
585,580
(5) 600,000
23,184

11,25788
7,922 62
3,33526
66.29 p. c.
1.731c.
3.804c.
$
12,000,000
13,724,703
241,700

1,437.628
211,633
606,699
(5) 600,000
19,296

11,89055
8,265 93
3,624 62
69. 52 p. c.
1.734c.
3.757C.
$
12,000,000
14,049,702
286,238
150,474
450,000
1,064.202
1,004,874

1,361,771
219,518
622,597
(4f)570,000
def. 50,345

11,504 74
7,94894
3,555 80
69. 10 p. c.
1.731C.
3.754c.
$
12,000,000
15,324,702
291,238
366,195

1,405,395
240,088
661,153
(4) 480.000
24,154

10,923 99

7,532 60
3,391 39
68. 95 p. c.
1.687c.
3.722C.
$
12,000,000
15,549,703
291,238
241,176
250,000
1,202,484
761,981

1,372,095
267,410
674,801
(4) 480,000
Off. 50,116

10,345 96
7,160 89
3,185 67
69.21 p. c.
1.694C.
3.332C-
$
12,000,000
15,549,703
291,238
392,750
925,000
1,192,821
500,727

1,121,717
310,466
709,046
(2) 240.000
d«/.137,795

10,538 16
7,855 24
2,682 92
74.54 p. c.
1.728 c.
3.846 c.
$
12,000,000
15.549,703
291,238
200,000
1,600,000
710,093

Lease Rentals

Interest and Sinking Fund.
Dividends

Balance, Surplus

Gross Earnings per Mile . . .
Expense and Taxes p. Mile.
Net Earningsper Mile ....
Expenses to Earnings
Earnings per Pass, per Mile.
Earnings per Ton per Mile.

Capital Stock...

Funded Debt...

Real Estate Mtges.

Equipment Notes

Notes Payable

262,826
835,738
1,035,458

Other Liabilities

510,721
1,148,441

633,459
1,138,792

818,617
837.853

Front and Logs

Total Liabilities

23,479,805

21,572.709
06,438
722.740
60.025
930,744
121,14!

24,157,654

22,292,288
50,351
714.02fi
58,77fa
9; 3, 140
69,073

27,980,425

23,476,312
2,&34,402
736,000
72,867
682,665
178,179

29,005,490

24,515,469
2,920,230
779,249
104,083
570,056
109,803

29,638,605

25,077,678
2,918,080
947.755
84,9(55
5-21,072
88,455

30,296,582

25,385,905
2,958,816
809,133
179,606
739,907
133,213

30,852,239

25,684,969
2,947,715
1,006,181
135,289
967,590
110,495

30,351,034

24,008,312
3,106,710
530,967
95,396
614,114
305,010
1,690,525

Roiid and Equipment
Other Permanent Invest,..
Securities' Owned
Materials and Supplies.!.
Other Assets

Cash

Profit and Loss

Total Assets

23,479,863

24,157,654

27,980,425

29,005,490

29,638,605

30,296,582

30,852,239

30,351,034

POORS MANUAL — LONG ISLAND RR. CO.

507

Rentals of Leased Lines.— L. I. RR., North Shore Branch, $75,000; Atlantic Ave. RR.,
$60,000 ; N. Y., B. & M. B. Ry., $123,800 ; N. Y. & R. RR., $17,500 ; Montauk Extension
RR., $30,000 ; New York Bay Extension, $4,166.67— total, $310,466.67.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $24,008,311 84

Other Permanent Investments 3,106,710 52

Materials and Supplies 95,396 00

Stocks and Bonds Owned (cost) 530,966 66

Other Assets 352,416 45

Current Accounts.
Cash on Hand.

261,697 14

305,009 89

Profit and Loss 1,690,525 40

Capital Stock ($50 shares)..... ...,.$12,000,000 00

Funded Debt Outstanding (see below) . . . 15,549,702 88

Equipment Notes 200,000 00

Real Estate Mortgages 291,237 65

Notes Payable 1,600,000 00

Taxes, Interest and Rentals Accrued 256,027 48

Current Liabilities 454,065 89

Total Assets $30,351,033 90 Total Liabilities.

Statement of funded debt, June 30, 1897 :

.$30,351,033 90

DESCRIPTION.

DATE or

Amount
Authorized.

Amount
Out-
standing,

Interest.

Amouut
Interest.

Issue.

Maturity.

First Mortgage *.

May 1, 1868
July 5, 1878
July 1, 1881

Ang. 1, 1888
June 1, 1894

Nov. 1, 1887
Mar. 1, 1892

June 1, 1892
Mar. 1, 1881
Mar. 1, 1881
June 15, 1888
Mar. 1, 1880
May 1, 1881
May 2, 1887

iland RR Co

May 1,1898
Aug. 1, 1918
July 1, 1931

June 1, 1938
June 1, 1934

Nov. 1, 1937
Mar. 1, 1922

June 1, 1932
Mar. 1, 1911
Mar. 1, 1911
June 1, 1938
Mar. 1, 1920
May 1, 1911
May 1, 1937

1,500,000
1,500,000
5,000,000

3,000,000
1,500,000

1,250,000
2,750,000

500,000
1,000,000

1,121,000
268,703
3,610,000

3,000,000
1,500,000

1,250,000
1,500,000

325,000
750,000
250,000
600,000
125,000
600,000
650,000

7 p. c., May & Nov.
7 p. c., Feb. & Aug.
5 p. c., J., A., J. & 0.

4 p. c., June & Dec.
5 p. c., June & Dec.

5 p. c., May & Nov.
4 j p. c., Mar. & Sept.

4 p. c., June & Dec.
5 p. c., Mar. & Sept.
6 p. c., Mar. & Sept.
5 p. c., June & Dec.
6 p. c., Mar. & Sept.
6 p. c., May & Nov.
5 p. c., May & Nov.

78,470
18,760
180,500

120,000
75,000

62,500
67,500

13,000
37,500
15,000
30,000
7,500
36,000
32,500

Second Mortgage

Consol. Mortgage

General Mortgage

Debenture Bonds

L. I. RR. Ferry:
Metropolitan Bonds

L. I. Ferry Bonds

Stewart Line

B. & M. RR., 1st mtge
B. & M. RR., 1st mtge

B. & M. RR., 2d mtge. . .

600,000
125,000
600,000
1,250,000

N. Y. & Fl. RR., 1st mtge...
L. I. C. & Fl. RR., 1st mtge.
L. I. C. & Fl. RR., Consol . .

Funded Debt of Long L

15,549,703

774,230

The 1st mtge. main line bonds were paid off at maturity from the proceeds of the sale of an equal amount
of consol. mtge. bonds, bearing interest at the rate of 4 p. c. per annum.

The 2d mtge. bonds are secured on the main line from Long Island City to Greenport; on 29.35 m.
of the line to Sag Harbor, from Eastport June. ; on the branches from Mineola to Hempstead, from Hicks-
ville to Northport, from Manor to Eastport June., from Floral Park to Creedmoor, and on 10.45 m. of the
Locust Valley Branch, from Mineola to Locust Valley; in all, 158.40 miles. They are $100, $500, and $1,000
bonds.

The 1st consols are secured on the entire property owned by the company at the time of issuing the gen.
mtge. bonds of 1888, subject to the lien of the 1st mtge. bonds and 2d mtge. bonds on the 158.40 m. of road
described above. They are also secured on the terminal property in Long Island City and in Brooklyn, and
on all leasehold interest in leased lines. In April, 1898, $1,121,000 of these bonds, bearing interest at 4 p. c.,
were sold and the proceeds applied to the payment of the 1st mtge. bonds. The trustee still holds a sufficient
amount of the bonds to retire the 2d mtge. bonds. The bonds are for $1,000 each. Trustee: Central Trust
Co. of New York.

The gen. mtge. bonds were issued to provide means for building the extension to Oyster Bay, and for
new rolling stock and improvements, and are secured by 1st mtge. on the extension named and by gen. mtge.
on the rest of the company's property. The bonds are for $1,000 each. Trustee:' Central Trust Co. of
New York.

The debenture bonds were issued to provide for improvements. Principal and interest are payable in
gold. It is provided that these be taken care of by any future mortgage on the property.

The Brooklyn and Montauk bonds are secured on the lines from Brooklyn to Eastport, from Valley
Stream to Rockaway Beach, and from Fresh Pond to the junction with the New York and Flushing RR. ; in
all, 76.43 miles. They are gold bonds, for $1,000 each, in coupon form, with privilege of registration. The
rate of interest on the Ists was originally 6 p. c., but after $250,000 of the bonds (1 to 250) had been issued,
the rate was reduced to 5 p. c. All the bonds are guaranteed by the Long Island RR. Co., both principal and
interest. Trustee: Central Trust Co. of New York.

The Steicart Line mtge. bonds were issued in the purchase of the Stewart RR. The authorized issue is
$500,000, the Central Trust Co., trustee of the mtge., retaining the remaining $175,000. These will be issued
only for double tracking and other important improvements. The bonds are for $1,000 each.

The ferry 1st mtge. bonds were issued in payment for the entire real estate and plant of the Metro-
politan Ferry Co. On the purchase of that property its entire capital stock was also transferred to the
control of this company. The bonds are of the denomination of $1,000 each; principal and interest payable in
gold. These bonds are a direct obligation of the Long Island RR. Co., and are additionally secured by a mtge.
upon all the real and personal property of the ferries operated by that company (34th St. and James Slip
Ferries), subject to the lien of the $1,250,000 Metropolitan bonds, to retire which at or before maturity an
eqiuil amount of the Ferry bonds is reserved. The Metropolitan bonds are for $500 or $1,000 each; principal
and interest payable in gold. The ferry property includes real estate, of great value, in New York and in
Long Island City, nine ferry-boats, ferry-houses, etc. Trustee: Central Trust Co. of New York.

508

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

The debentures were issued to provide funds for improvements and additions to the property. They
a»e $1,000 gold bonds. Registrar: Central Trust Co. of New York.

All bonds are in coupon form, with privilege of registration as to principal. All of the bonds shown in
the table, excepting the 1st and 2d mtge., the New York and Flushing 1st mtge., and the Long Island City
and Flushing 1st mtge., are payable principal and interest in gold. Interest on all bonds payable at the
United States Mortgage and Trust Co., New York. Interest on consols is also payable in London.

Funded debt of leased lines, principal or interest of which is guaranteed by the Long
Iflland RR. Co.:

DESCRIPTION.

DATE OP

Amount
Authorized.

Amount
Out-
standing.

Interest.

Amount
Interest.

Issue.

Maturity.

N Y &R RR , 1st

Apr. 1, 1871
Oct. 1, 1885
Sept. 1, 1871
Oct. 1, 1892
Jan. 2, 1895
Jan. 2, 1893

08

Apr. 1. 1901
Oct. 1, 1935
Sept. 1, 1901
Oct. 1, 1932
Jan. 2, 1945
Jan. 2,1943

$

250,00000
2,000,000 00
600.00000
1,500,00000
600,00000
600,00000

$

250,00000
1,726,000 00
75,00000
1,425,00000
600,00000
200,00000

7 p. c., Ap. & Oct.
5 p. c., Ap. & Oct.
7 p. c.,Mar.&Sept.
5p.c.,J.,A.,J.&O.
5 p. c., Jan. & July
5p.c., Jan. <fc July

$

17,50000
86,300 00
5,25000
71,25000
30,00000
10,00000

N. Y. B. & M. B., 1st, Con'd. .
Smithtown & Pt. Jeffn., 1st.. . .
L. I. RR. N. Sh. Branch

N Y. Bay Ex. 1st

Funded Debt of Leased Lir

4,276,000 00

220,30000

•

The New York and Rockaway bonds are guaranteed as to interest only. The Smithtown and Port
Jefferson bonds are not guaranteed, but are available in exchange for Long Island RR. North Shore Branch
bonds, an equal amount of which is reserved for that purpose. All other bonds are guaranteed both as to
principal and interest.

The New York Bay Extension bonds, the Montauk Extension bonds and the North Shore Branch bonds are
payable principal and interest in gold. Interest payable at the United States Mortgage and Trust Co.,
New York.

The Long Island RR. Co. also guarantees, both as to principal and interest, the 1st mtge. 5 p. c. bonds
of the New York and Rockaway Beach Ry., $984,000 of which are outstanding; guarantees the interest on
$340,000 1st mtge. 4i p. c. bonds and $96,000 2d mtge. 4J p. c. bonds of the Prospect Park and Coney Island
RR., and guarantees as rental or part rental, dividends of 5 p. c. per annum on the $650,000 capital stock of
the New York, Brooklyn and Manhattan Beach Ry. and of 4J p. c. per annum on the $50,000 capital stock of
the Prospect Park and South Brooklyn RR. and on the $82,500 capital stock of the New York and Coney
Island RR. (See statements for the companies named.)

RAILROADS LEASED OR OWNED BY THE LONG ISLAND RR. Co.

Brooklyn and Jamaica RR.— Brooklyn
(Flatbush Avenue) to Jamaica, L. I., 9.63 miles. This
road Is leased from the Atlantic Avenue (street) RR.
Co., which see. Rental In 1896-97, $60,000.

MoiitnuK Extension KR. — Bridgehampton to
Montauk, L. I., 20.84 m.; total track (steel; 80 Ibs.),
23.13 miles. Chartered May 11, 1893; road opened
throughout on Dec. 17, 1895. Leased to the Long
Island RR. Co., which guarantees principal and
Interest of its first mtge. bonds. Capital stock ($100
shares), $500,000; funded debt (see below), $600,-
000— total, representing cost, etc., $1,100 000
Trustee of bonds: Central Trust Co., New York,
N. Y. W. H. Baldwin. Jr.. Pres.; Chas. M. Pratt,
Vlee-Pres. ; D. S. Voorhees, Sec.; Win. J. Kelly,
Treas., New York, N. Y. General Office, Jamaica,

New York Bay Extension RR.— Projected :
From a point at or near Garden City to Manhattan
Bench, N. Y., about 17 miles. Completed, June 30,
1897: Garden City to Valley Stream, 6.12 miles.
Rail (steel), 56, 61 and 76 Ibs. Chartered Jan. 26,
18(»2; road completed as above in 1894. Capital'
stock (par, $100). $600,000; funded debt (see above),
$200. 000— total, $800,000. Trustee of bonds: Cen-
trnl Trust Co., New York. N. Y. Mtge. covers all
corporate property, equipment, and franchises of the
oompnny acquired or to be acquired. W. H. Baldwin
Jr., Pres.; W. J. Kelly, Treas.; D. S. Voorhees,
Sec., New York, N. Y. General Office, 192 Broadway
New York, N. Y.

New York, Brooklyn and Manhattan
llent'h Ry.— Fresh Pond June, to Manhattan
Beach, 12.03 m.; branches, Bay Ridge to Manhattan
Beach June., 2.98 m.; Greenpoint to Cooper Ave
Jo. (incl. Glendale and East River RR , 2.7 m )
3.71) m.-total. 18.99 m.; 2d track, 16.8 m.; total
track (steel. 35.79 m.), 43.31 miles. Consol. Aug. 27,
1886, of the New York. liny Ridge and Jamaica RR.
Co., the N<>w York and Manhattan Beach Ry.Co.,and
the Long Island City and Manhattan Beagh RR. Co,

Leased to the Long Island RR. Co., from Oct. 1,
1885, at a guaranteed minimum rental of $95,980.
This company owns 19 locomotives, 89 open excur-
sion cars, 1 combined car, and 1 box car. Income,
year ending June 30, 1897, $135,050. Payments: In-
terest on bonds, $103,150; taxes, $975; general
expenses, $736; preferred dividends (5 p. c.), $32,500
—total, $137,381. Deficit, $2,311; deficit forward,
$14,339— total, $16,650. Capital stock (common,
$350,000; preferred, $650,000), $1,000,000; funded
debt (see above). $1,738,000; open accounts. $10,-
773— total, $2,748,773. Contra: Cost of road, $1,727,-
652; of equipment, $504,471; stocks owned, $500,000;
profit and loss, $16,650— total, $2,748,773. W. H.
Baldwin, Jr., Pres.; Chas. M. Pratt, Vice-Pres.;
George S. Edgell, Treas.; D. S. Voorhees, Sec., New
York, N. Y. General Office, 192 Broadway, New
York, N. Y.

GLENDALE AND EAST RIVER RR.— Green-
point to Cooper Ave.. Brooklyn, 2.70 m.; total track
(steel) 5.40 miles. This road was constructed and is
leased by the N. Y., B. & M. B. Ry. Co.; rental of $1
per annum. Capital stock paid in, $7,460; unfunded
debt, $176,626— total, $184,086. Contra: Construction,
$176,626; discount, $7,460— total. $184,086. W. H.
Baldwin, Jr., Pres.; D. S. Voorhees, Sec. & Treas.,
New York, N. Y. General Office, 192 Broadway, New
York, N. Y.

New York and Rockaway RR. — Rockaway
Junction to Far Rockaway, 9.01 miles. Capital
stock. $100.000; funded debt (see above), $250,000
—total ($39,281.71 per mile), $350,000.

l.oim- Island RR., North Shore Branch.
— Northport to Wading River, 30.29 m.; total track.
32.37 miles. Consol. Sept. 22. 1892, of the Smith
town and Port Jefferson and the L. I. RR. Co., No.
Shore Br. (See Manual for 1893, page 363.) Leased
to the Long Island RR. Co., lessee guaranteeing in-
terest on bonds. Capital stock, $320,000; funded
debt (see statement above). $1,075,000. Trustee of
bonds; Central Trust Co., New York, N, Y,

POOR'S MANUAL— LONG ISLAND SYSTEM. 509

Board of Directors, Long Island BR. Co., elected Aprill2, 1898.

L. C. Ledyard. . . .New York, N. Y.

F d Tlnnrnp " "

Chas. M. Pratt Brooklyn, N. Y.

W.H. Baldwin, Jr.. "
Frank L. Babhott... "
Dumont Clarke. Schraalensburg.N.J.

W. G. Oakman.

Jame« Timpson.. .New York, N. Y?

J. S. Auerbach "

August Belmout... "

George W. Young. " "

F. G. Bourne...
J. G. K. Duer. Southampton, N. Y.
R. Somere Hayes.New York, N. Y.
.New York, N. Y.

WILLIAM H. BALDWIN, Jr., President 32 Nassau St., New York, N. Y.

Chas. M. Pratt, Vice- President 26 Broadway, New York, N. Y.

Asst. to Pres.—Geo. D. Pratt. . .Long Island City, N. Y. Sec. & Treas.—A. C. Bedford New York. N. Y.

Auditor— A.. B. Bierck Long Island City, N. Y.

Asst. Treas.— F. E. Haff.

OPERATING OFFICE Long Island City, N. Y.

Executive Office 32 Nassau St., New York, N. Y.

LONG ISLAND RR. SYSTEM.— NEW YORK AND ROCKAWAY BEACH RY. CO.

Main Line of Road.— Glendale Jc., L. I., to Rockaway P'k, L. I., 10.31 m.
Hammels Branch : N. Y. & Rockaway Beach Ry. Jc., to Hammels, L. I., 166 m. — 11.97 miles.
Leased : Rockaway Br., L. I. RR.: Far Rockaway to N. Y. & R. B. Ry. Jc., L. I. 1.93 "

(Glendale Junction to Long Island City 5.99 "

Trackage : L. Id. RR.: \ Woodhaven Junction to Brooklyn, N. Y 7.19 "

( Bushwick Junction to Bushwick, N. Y 2.32 "

Total length of lines operated, June 30, 1897 29.40 miles.

2d track, 10.31 m.; sidings owned, 3.94 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 to 80 Ibs.

History. — Reorganization after foreclosure sale, June 28, 1887, of the New York, Wood-
haven and Rockaway RR. Co. (See MANUAL for 1890.) The tracks of the Long Island RR.
are used under contract dated Sept. 1, 1887, and the Rockaway Branch is leased from the
same date. Controlled by the Long Island RR. Co., which guarantees payment of the 1st
mtge. bonds, both principal and interest.

Rolling' Stock, June 30, 1897. — Locomotives, 12. Cars — passenger, 83 ; baggage, mail,
and express, 2 — total cars, 85.

Operations, year ending June 30, 1897. — Train mileage — passenger, 232,139 ; freight,
9,469 ; other, 7,098 — total, 248,706 miles. Passengers carried, 1,220,315 ; carried one mile,
15.614,325; average mile rate, 1.20 cents. Tons freight moved, 88,600 ; moved one mile,
599,462 ; average ton-mile rate, 3.16 cents. Earnings — passenger, $187,371.91 ; freight, $18,-
943.01 ; mail, $502.74; express, $6,988; other, $3,091.86— total ($7,377.45 per mile), $216,-
897.02. Expenses — transportation, $85,516.66 ; maintenance of equipment, $11,389.51 ;
maintenance of way, etc., $65,944.09 ; general, $5,721.83— total ($5,733.74 per mile), $168,-
572.09. Net earnings (22.28 p. c.), $48,324.93. Payments : Interest on bonds, $49,200 ; taxes,
$5,940.27— total, $55,140.27. Deficit, $6,815.34; deficit forward, $93,390.06— total, $100,-
205.40.

General Balance Sheet, June 80, 1897.

Cost of Road, Real Estate, etc $2,124,399 79

Cost of Equipment 780,001 41

Current Accounts and Assets 25,67555

Cash on Hand 7,615 69

Profit and Loss 100,205 40

Total Assets $3,037,897 84

Capital Stock (par, $100) $1,000,00000

Funded Debt Outstanding 1,984,000 00

Bills Payable 8,000 00

Accrued Interest on Funded Debt 16,400 00

Current Accounts 29,497 84

Total Liabilities $3,037,897 84

The funded debt outstanding June 30, 1897 ($1,984,000), consisted of—

1st mtge. 5 p. c. 40-yr. $1,000 gold bonds, due Sept. 1, 1927, interest March and Sept $984,000

2d mtge. income 5 p. c. 40-yr. reg. $1,000 bonds, due Sept. 1, 1927, int. Jan. 1 (auth. and outstanding). 1,000,000

The authorized amount of 1st mtge. bonds is $1,000,000, of which $600,000 were issued and distributed to
the holders of the 1st mtge. bonds of the N. Y., W. & R. Ry. Co., the remaining $400,000 being set apart to
provide for necessary renewals and improvements. They are in coupon form, with provision for registration
and transfer of principal. Principal and interest guaranteed by the Long Island RR. Co. Interest on bonds
payable at office of Corbin Banking Co., 192 Broadwav, New York, N. Y. Trustee: Central Trust Co. of New
York, N. Y.

Directors (elected March 22, 1898).— Wm. H. Baldwin, Jr., Chas. M. Pratt, Alfred C.
Bedford, Frank L. Babbott, Wm. J. Kelly, Brooklyn, N. Y. ; August Belmont, George W.

510

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Young, Lewis Cass Ledyard,- Sidell Tilghman, Dumont Clarke, Walter Q. Oakman, Jas.
Timpson, Fred. G. Bourne, New York, N. Y.

( 32 Nassau Street, New York, N. Y.
W. H. BALDWIN, JR., President -j Long Mand City> N y

Chas. M. Pratt, Vice-President 26 Broadway, New York, N. Y.

Stc. A Treas.-A.. C. Bedford New York, N. Y. | Auditor- A. B. Bierck Long Island City, N. Y.

EXECUTIVE OFFICE 32 Nassau Street, New York, N. Y.

Operating Office Long Island City. N- T-

LONG ISLAND RR. SYSTEM.— PROSPECT PAKE AND CONEY ISLAND RR. CO.

Line of Road.— Ninth Ave. and Twentieth St., Brooklyn, to Coney Island . . .5.68 miles.
Branch: June. B. B. & W. E. RR. to 5th Ave., bet. 36th and 37th Sts 0.32

IN. Y. & Coney Island RR.: West Brighton to Coney Island Point 2.27
P. P. & So. Brooklyn RR.: Kensington June, to City Line June. .... 1.16
B.,B. & W. E. RR.: Brooklyn Old City Lane to Union Depot 0.22

Trackage : Long Island RR.: Parkville to Bay Ridge, N. Y 3.36

Total length of lines operated (owned, 6 m.), June 30, 1897 13.01 miles.

2d track (owned, 4.73m.; leased, 1.86 m.), 6.59m.; sidings (owned, 6.29 m.; leased, 1.38m.),
7.67 miles. Gauge, 4 ft. 8£ in. Rail— iron, 50 Ibs. ; steel, 50 to 80 Ibs.

History.— Consolidation (Oct. 9, 1874) of the Park Ave. (horse) and the Greenwood and
Coney Island (steam) RR. Cos. The horse car line was sold May 27, 1887, to the Atlantic
Avenue RR. Co. (See MANUAL for 1890.) Controlled by the Long Island RR. Co.

Rolling Stock, June 30, 1897. — Locomotives (2 leased), 11. Passenger cars (14 leased), 56.

Operations, year ending June 30, 1897. — Train mileage — passenger, 230,396 ; freight,
9,596 ; other, 299— total, 240,291 miles. Passengers carried, 2,079,275 ; carried one mile,
10,417,168. Tons freight moved, 14,958 ; moved one mile, 75,278. Earnings — passenger,
$124,756.53 ; freight, $6,895.54 ; other, $26,156.62— total, $157,808.69. Expenses— transpor-
tation, $102,388.63 ; maintenance of equipment, $7,588.95; roadway, etc., $14,847.46 ; gen-
eral, $9,243.74— total, $134,068.78. Net earnings (15.04 p. c.), $23,739.91. Payments : Inter-
est on bonds, $35,460 ; on real estate mtges., $1,488.30 ; interest and discount, $16,272.28 ;
rentals (P. P. & So. B. RR., $2,250; N. Y. & C. I. RR., $5,462.50), $7,712.50 ; taxes, $17,144.75
—total, $78,077.83. Deficit, $54,337.92 ; deficit forward, $269,026.32— total, $323,364.24.

General Balance Sheet, June 30, 1897.

Cost of Road, Real Estate, etc $1,080,719 83

Cost of Rolling Stock 143,172 60

Accounts and Current Assets 26,198 04

Cash on Hand 12,586 98

Profit and Lose 323,364 24

Total Assets $1,586,041 59

Common Stock (par, $100) $250,00000

Funded Debt (see below) 979,766 00

Loans Payable 307,000 00

Accounts and Current Liabilities 35,380 59

Bond Interest Accrued 13,895 00

Total Liabilities $1,586,041 59

Voting power attaches to stock after thirty days' ownership.

Funded debt outstanding, June 30, 1897, consisted of $500,000 auth. and outstanding 1st mtge. 6 and 4}
p. c. 40-yr. $1,000 coupon bonds, due Feb. 1, 1926, interest Feb. and Aug.; $200,000 1st mtge., 2d issue, 6 and
4J p. c. 40-yr. $1,000 coupon bonds, due March 1, 1931, interest March and Sept. ; $250,000 income 6 p. c. 40-yr.
$50, $100, $500, and $1,000 bonds, due May 1, 1920, interest (if earned) May and Nov. ; and $29,766 mtges. on
real estate, interest at various rates and dates. In consideration of a guarantee by the Long Island RR. Co.
of principal and interest, the rate of interest on $340,000 of the 1st mtge. bonds and on $104,000 of the 2d
issue bonds has been reduced from 6 p. c. to 4J p. c. Trustee of bonds: Mercantile Trust Co. of New York.
N. Y. Interest payable at Corbin Banking Co., New York, N. Y.

Ne-w York and Coney Island RR.— West

Brighton Beach to Coney Island Point, 2.41 miles.
Rail (steel, 2.41 m.), 50 Ibs. Chartered Feb. 5, 1879;
opened June 9, 1879. Leased for 95 years July 1
1879. to P. P. & C. I. RR.; rental, 10 p. c. on stock.
Rate on $82,500 of the stock reduced to 4J p. c. per
annum, in consideration of guaranty by L. I. RR. Co.
Rental, year ending June 30, 1897, $5,462, which was
1 in dividends, Jan. and July— 10 p. c. on $17 500
and 4J p. c. on $82,500 stock. Locomotives, 2.
Passenger cars, 14. Capital stock, $100.000; profit
?d loss. $984— total, $100,984. Contra: Cost of road,
etc $100,019; loan to lessee, $965— total, $100,984.
Andrew R. Culver, Pres.; Allan C. Washington

Treas. & Sec., Brooklyn, N. Y. Corporate Office, 166
Montague St., Brooklyn, N. Y.
Prospect Park and South Brooklyn

RR.— Kensington June, to City Line, Brooklyn, N.
Y.. 1.15 miles. Rail (steel), 50 Ibs. Chartered June
12, 1888. Leased in perpetuity, Jan. 1, 1890, to the
P. P. & C. I. RR. Co.; rental, 6 p. c. on stock.
Rental reduced to 4J p. c. on stock, in consideration
of guarantee by the L. I. RR. Co. Dividends paid
in Jan. and July; 4} p. c. ($2,250) paid in fiscal year
ending June 30, 1897. Capital stock, representing
cost, etc., $50,000. Andrew R. Culver, Pres.; Allan
C. Washington, Treas. & Sec., Brooklyn, N. Y.
Corporate Office, 166 Montague St., Brooklyn, N. Y.

POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO. 511

Board of Directors, P. P. & G, I. RR. Co., elected Sept. 20, 1897.

W. H. Baldwin, Jr.. Brooklyn, N. Y. I A. C. Bedford New York, N. Y. I F. E. Haff..Long Island City, N. Y.

Charles M. Pratt. " " | Geo. W. Wingate. . .Brooklyn, N. Y. I George D. Pratt. . . .Brooklyn, N. Y.
Wm. L. C. Allan Brooklyn, N. T.

T < 82 Nassau Street, New York, N. Y.

W. H. BALDWIN, JR., President •! T T . , ~. XT v

(Long Island City, N. Y.

Charles M. Pratt, Vice- President 26 Broadway, New York, N. Y.

Sec. <& Treas.—A. C. Bedford New York, N. Y. | Auditor— A.. B. Bierck Long Island City, N. Y.

PRINCIPAL OFFICE AND ADDRESS .Long Island City, N. Y.

LOUISVILLE AND NASHVILLE RAILROAD COMPANY.

(For map of this system see page 513.)

Lines of Road.— I. OWNED ABSOLUTELY OR THROUGH OWNERSHIP OF THE ENTIRE

CAPITAL STOCK.

Main Stem : Louisville, Ky., to Nashville, Term 185.23 miles.

Bardstown Branch : Bardstown June, to Bardstown, Ky 17.37 m.

Springfield Branch : Bardstown, Ky., to Springfield, Ky 20.07 m.

Knoxville Branch : Lebanon J unc. to Jellico, Tenn 171.17 m.

Cumberland Valley Branch : Corbin, Ky., to Norton, Va 117.37 m.

Middlesborough RR.: Middlesborough to Coal Mines, Tenn 9.96 m.

Memphis Line : Memphis June, to Memphis, Tenn. ... 259.13 m.

Clarksville and Princeton Br.: Princeton June, to Qracey, Tenn. . 32.00 m.

Clarksv. MineralBr.: Hematite to Pond, &br. (6m.) to Cumb.Furn. 88.03 m.

Henderson Division : Edgefield June, to Henderson, Ky. .184.76

Madisonville Branch : Madisonville, Ky.,to Providence, Ky. 16.10 — 150.86 m.

Montgomery and Prattville RR.: Montgomery to Prattville, Ala. . 10.35 m.

Pensacola Division : Plomaton, Ala., to Pensacola, Fla 44.40 m.

Pensacola and Atlantic RR. : Pensacola, Fla., to River June., Fla. 160. 14 m.
J Gulf June, to Pine Apple, Ala. 35.61
^c&m})i&Juiic -toRe$on >Ala. 29.36- 64.97m.

Cincinnati Division : Louisville, Kv., to Newport, Ky 109.70

Louisville Ry. Transfer : E. Louisville to S. Louisville 4.13—113.83 m.

Lexington Branch : La Grange, Ky., to Lexington, Ky. . . 67.00

Shelby Cut-off: Shelbyville to Christiansburg, Ky 8.51 —75.51 m.

Louisville, II. C. & Westport Br.: Louisville, Ky., to Prospect, Ky. 11.16 m.

Southeast and St. Louis Ry.: Mileage as per statement on p. 522 . .208.74 m.

Alabama Mineral RR.: Mileage as per statement on page 521 124.91 m.

Birmingham Mineral RR.: Mileage as per statement on p. 521. . .162.86 m.

Kentucky Central Ry.: Mileage as per statement on page 522 247.65 m.

Otoensboro and Nashville Ry.: Mileage as per statem't on p. 522. .. .88.10 m.

Mobile and Montgomery Ry.: Mobile, Ala., to Montgomery, Ala . .178.49 m.

New Orleans and Mobile RR.: New Orleans, La., to Mobile, Ala. .140.36 m.

Pontchartrain RR.: Pontcbartrain June, to Milneburg, La 5.18 m. — 2,452.61 "

Total 2,637.84 "

II. LINES OVER WHICH THIS COMPANY RUNS ITS TRAINS, THE EARNINGS
OF WHICH ACCRUE TO THIS COMPANY.

D-,~™ • &„,» *fm»~nj 7?o . J Blocton, Ala., to Blocton June 7.91 m.

Birmingham Mineral RR.. j pjney ^oods'to Blocton> Ala u 41 m _ 22 83 „

III. — OPERATED UNDER LEASE — EARNINGS IN EXCESS OF FIXED

CHARGES ACCRUING TO THIS COMPANY.

Nashville and Decatur RR.: Nashville, Tenn., to Decatur, Ala. . .119.24 m.
Shelby RR. : Anchorage, Ky. , to Shelbyville, Ky 19,10 m.— 138.34 "

IV. OPERATED FOR ACCOUNT So. & No. ALA. RR. Co.
So. and No. Ala. RR : New Decatur, Ala., to Montgomery, Ala. .182.67 m.

Wetumpka Branch : Elmore, Ala., to Wetumpka, Ala 6.30 m.— 188.97 "

Total Louisville and Nashville System 2,987.47 "

V. OPERATED UNDER LEASE FOR ACCOUNT OF THE VARIOUS COMPANIES.

Cumberland & Ohio (So. Div.): Cumb. & Ohio Jc. to Greenb'g, Ky. 30.90m.

(ilaxfiow Branch: June. (90 m. s. w. Louisville) to Glasgow, Ky. . 10.50 m.

Elkton and Quthrie RR.; Elkton June., Ky., to Elkton, Ky 10.92 m.— 52.32 "

512 POOR'S MANUAL OF BAILRO ADS— RAILROAD "SYSTEMS."

VI. OPERATED, AS AGENT, FOR J. A. MIDDLETON, Receiver.
Cumberland & Ohio (No. Div.): Shelbyville to Bloomfield, Ky 26.72 miles.

VII. LINES OUTSIDE OP ITS OWN SYSTEM IN WHICH L. & N. Co.

is INTERESTED AS OWNER OF MAJORITY OF STOCK.
Nathville, Chattanooga and St. Louis Ry. System (see GEN. INDEX). 904. 10 m.

Nnshmlle, Florence and Sheffield Ry. (see page 454) 107.46 m.

Henderson Bridge and connecting track (see page 454) 10.06 m. — 1,021.62

VIII. LINES IN WHICH THE COMPANY is INTERESTED AS JOINT LESSEE.

Georgia RR. and dependencies (see page 454) 615.00 "

IX. LINES OWNED BUT NOT OPERATED BY THE COMPANY.

Paducah and Memphis Div.: Memphis, Tenn., to Paducah, Ky. ..254.20 m.

Cecilia Branch : Louisville, Ky. , to Cecilia June 46.00 m.

Clarksville and Princeton Br.: Gracey to Princeton, Ky 20.70 m.

New and Old Decatur Belt and Terminal Co 3.62 m,— 324.52

Total length of all lines owned, operated, and controlled, June 30, 1897. . .5,027.65 miles.
2d track RR. owned and operated (I., III., and IV.), 51.00 m.; sidings on same, 592.04 m.;
total track, 3,608.19m.; of which laid with steel, 2,888.76 miles. Sidings on leased roads
(V., VI., and VII.), 19.97 m.; total track, 179.75 m.; steel rails, 133.74 miles. Gauge, 4 ft.
9 in. Rail, 58 to 70 Ibs.

History. — Incorporated March 5, 1850, and main stem opened in Nov., 1859. The other
lines were added at various times, as shown in detail in former issues of the MANUAL. The
Cecilia Branch is leased to the Chesapeake, Ohio and Southwestern Ry. Co. at a rental of
$60,000 per annum. (See statement for Illinois Central RR. Co.) The section of the Clarks-
ville and Princeton Branch between Gracey and Princeton, 20.70m., is leased to the Ohio
Valley Ry. Co., at $12,039.70 per annum. The Richmond Branch is leased to the Kentucky
Central Ry. Co., at a rental of $24,000 per annum. (See Kentucky Central Ry., page 522.)
The Middlesborough RR. was purchased in April, 1896, but the purchase was not shown in
the accounts for that fiscal year, the conveyance not having been made during the period
covered thereby. During the past fiscal year there were issued against this purchase $269,000
of unified 50-year gold bonds, and the cost of the property, $100,630.02, was included in cost
of road, fixtures and equipment.

The Paducah and Memphis Division, extending from Paducah, Ky., toLelington, Tenn.,
118.6 m., and from Memphis, Tenn., to Perry ville, Tenn., 135.6 m., being respectively the
old Paducah, Tennessee and Alabama RR. and Tennessee Midland Ry. (see MANUAL for 1897,
p. 507), was purchased in 1896 at a cost of $3,093,099, to which should be added $251,348.36
expended for improvements and betterments, making the total cost of the division to June 30,
1897, $3,344,447.36. This amount has been included in costof road, fixtures and equipment.
A mortgage has been executed, securing $5,000,000 of Paducah and Memphis Division 1st
mtge. bonds, $3,800,000 of them to be delivered to the company upon the value of the prop-
erty at the time of its acquisition, and $1,200,000 to be held by the trustee to meet future
betterments and improvements. The line is leased to the Nashville, Chattanooga and St.
Louia Ry., at an annual rental of 5 p. c. upon its cost and 5 p. c. additional on the cost of all
improvements and betterments to the property.

During the past fiscal year there was an increase of 1.68 miles made to the length of the
Birmingham Mineral RR., by the construction of a branch from Readers to Leogusta, Ala.,
and one of 0.99 mile to that of the Cumberland Valley Division, by the purchase of the
Cumberland Gap Tunnel, referred to in the MANUAL for 1897, page 494.

The New and Old Decatur Belt and Terminal RR. was constructed in 1893-94 by the
L. & N. RR. Co. for the purpose of connecting the rail roads entering Decatur with some of the
industries in Decatur. It is operated as a spur track of the L. & N. RR. The cost of
road including improvements, etc., to June 30, 1897, amounted to $85,260.97, which is in-
cluded in cost of road, etc., L. & N. Ry. Co. Part of this amount was defrayed from pro
ceeds of sale of $84,000 unified mtge. bonds, issued during the fiscal year 1892-93. The
L. & N. RR. Co. owns the entire capital stock, $6,300.

Map of the LOUISVILLE & NASHVILLE R. R. and Dependencies.

EXPLANATION. MILES.

Louisville &. Nashville Railroad, 2,987.47

Operated under lease for the owners, 52.32

Operated, as Agent, for Receiver, 26.72 mi,

'Majority of Stock owned but roads not operated by the Lpuisvjlle & Nashville R.R., 1,021.62 I|

1 Georgia Railroad and dependencies j Louisville &. Nashville joint lessee, • • 615,00 . V ¥
> Owned by L. & N. R. R., but leased to the Nashville, Chattanooga &. St. Louis Ry.,

Chesapeake, Ohio &, South-Western R. R. and Ohio Valley Ry. Co., 324.52
Total miles, 5,027.65

513

514

POOR'S MANUAL OF RAILROADS— RAILEOAD "SYSTEMS."

Rolling1 Stock, June 30, 1897.— Locomotives, 549. Cars— passenger, 319; baggage, mail
and express, 120 ; freight (box, 8,305 ; fruit, 1,784 ; flat, 1,400 ; refrigerator, 665; caboose,
311 ; stock, 715 ; coal, 6,458), 19,638; other, 488— total cars, 20,565.

Operations, year ending June 30, 1897 (2,980.93 m.). — See tabulated statement on p. 515.

Earnings— Passenger $4,291,735 83

Freight .. 14,641,26340

Mail and Express 1,125,265 86

Miscellaneous 314,043 16

Expenses — Conducting Transportation $7,005,746 05

Maintenance of Equipment. .. 2,384,144 73

Roadway and Structures 3,354,767 20

General 1,104,560 06

Total ($6,834.22 per mile) $20,372,307 65 Total ($4,645.95 per mile) $18,849,218 04

Net earnings (32.02 p. c.), $6,523,089.61 ; add other income, $427,063.82— total, $6,950,-
153.43. Payments : Interest and rents, $4,981,993.03 ; taxes, $589,515.92 ; loss on Georgia
RK. lease, $25,439.62 ; loss on other roads, which is a claim against them, $49,974.60 ; dis-
count on bonds received for sinking fund payments, $76,762.50 ; sinking fund payments, for
which no bonds are received,jcharged to this account and credited to profit and loss account,
$117,900 ; unfunded discount, $20,946.70 ; net earnings of So. & No. Ala. RR. Co, included
above, $108,440.97— total, $5,970,973.34. Surplus, $979,180.09.

Following are the obligations of the Louisville and Nashville RR. Co. on account of
leased roads, etc. :

Miles.

NAME OP ROADS.

Mortgages.

Bonds Out-
standing.

Rate.

Interest
Charges, etc.

188.67

South & North Alabama & Wetumpka Br'h j

Sterling Mortgage
Second Mortgage.
Consol. Mortgage

$

3,662,720
2,000,000
4,222,000

£6 Sterling.
6 per cent.
5 per cent.

$
220,850
120,000
211,100

119.24

Nashville and Decatur ....

First Mortgage...

2,100,000

7 per cent.

147,000

Stock Guaranteed

2,352,032

6 per cent.

141,190

88.10

Owensboro' and Nashville , ....

First Mortgage . . .

1,200,000

6 per cent.

72,000

396.01

15,536,752

912,140

Miles.

NAME OP ROADS.

Interest
Charges, etc.

19.10

Shelby Railroad, Fixed Annual Rental . .

15,000

26.72

Northern Division Cumberland and Ohio Rental net earnings

10.50

10.92

Elkton and Guthrie net earnings

67.24

15,000

615.00

300,000

80.90

Southern Division C. & O. guaranteed interest

21,000

104.83

Nashville, Florence and Sheffield, 2,096 bonds, guaranteed interest

104,800

750.73

425,800

Income, etc., Supplementary Statement, 6 months ending Dec. 31, 1897 and 1896:

1897

1896

INC. OB
DEC.

1897

1896

INC. OB
DEC.

Gross Earnings
Operating Expenses. . . .

Net Earning* .. .

$
11,073,814
7,263,428

$
10,592,917
7,061,664

$
/. 480,897
/. 201,764

Net Income

$
4,097,130

2,487,784
317,500
10,307
4,950
92,500
9,672
61,053

$

3,748,145

2,522,681
300,000

$

/. 348,985

D. 34,897
1. 17,500
/. 10,307
D. 20,715
D. 18,759
D. 207
D. 43,366

Charges :
Interest and Rent . . .

3,810,386
109,2?^
177,472

3,531,253
36,020
174.044
6,828

/. 279,133
/. 73,252
1. 3,428
1>. 6,828

Add Rents.

Loss, Ga. RR. Lease.
Loss, Other Roads. . .
Sinking Funds (net).
Unfunded Discount.'.
S. & N. A. Net Earn.

Total Deductions.
Balance, Surplus.

Income from Invest
Profit, Ga. RR. Lease ..

25,665
111,259
9,879
104,419

Total Net Income
Expenses to Earnings

4,097,130
65.59 p. c.

3,748,145
6(5.66 p. c.

7. 348,985
5.1.07 p.c.

2,983,766
1,113,364

3,073,903
674,242

D. 90,137
I. 439,122

POOR'S MANUAL— LOUISVILLE AND NASHVILLE RR. CO.

515

Statement of mileage, operations, capital account, etc., for seven fiscal years, ending
June 30 :

1891

1892

1893

1894

1895

1896

1897

Miles of RR. Owned *. . .
Miles of RR. Leased —
Miles of RR. Operated. . .

Total Miles Operated..
Aver. Mileage Operated..

2,544.11
239.74
210.99

2,644.81
229.89
210.99

2,667.60
230.71
' 211.29

2,673.05
226.55
811.29

2,673.05
226.55
211.29

2,691.91
190.66
238.01

2,962.36
190.66
238.01

2,984.84
2,250.32

494
349
15,930
4,452,257
8,001,118
12,768,759
5,276,618
192,649.028
9,960,916
1,293,687,268

$

4,800,688
13,113,965
1,306,076

3,085.69
2,857.91

528
432

17,840
5,057,065
8,975,863
14,632,8-^4
6,126,650
207.412,^'.)
11, 384. 846
1,510,117,291

$

5,137,017
14,604,260
1,494,444

3,109.60
2,942.03

548
450
19,026
5,136,331

8,926,961
14,(>80,212
6,217,777
211.071.216
12.144,580
1,595,174.080

5,213,533
15,450,163
1,739,943

3,110.89
2,955.98

563
450
20,133
5,136,714
8,079,480
13,417,267
5,152,130
192,098,210
9,433,698
1.398,679,019
$
4,600,%1
12,901.114
1,472,262

3,110.89
2,955.98

540
435
19,669
5,182,223
8,590,465
18,054,898
5,095,574
185,649,064
10,630,749
1,528,712,676

4,370,154
13,537,099
1,368,741

3,120.58
2,965.00

544
438
20,313
5,442,726
9,133,333
18,993,686
5,455.749
209,967,678
11,856,552
1,674,658,419
1
4,666,750
14,324,906
1,399,055

3,391.03
2,980.93

549
439
20,126
5,463,843
9,708,572
19,942,259
5,115,190
186,851,997
11,391,942
1,737,230,703
$
4,291,735
14,641,263
1,439,309

Passenger Train Cars
Freight Train Cars

Passenger Train Miles...
Freight Train Miles
Total Miles Run

Pa«aen°rerc Carried

Freight (tons) Moved... .
Freight (ton) Miles

Passenger Earnings
Freight Earnings'

Other Earnings

Gross Earnings
Operating Expenses

19,220,729
12,058,445

21,235,721
13,792,122

22,403,639
14,382,642

18,974,337
11,863,785

19,275,994
12,277,778

20,390,711
13,505,206

20,372,307
13,849,218

7,162,284

717,875

7,443,599
533,293

8,020,997
416,109

7,110,552
272,288

6,998,221
363,273

6,885,505
434,372

6,523,089
423,064

Other Receipts

Available Revenue

7,880,159
4,618,439
2,400,000
205,494
+ 656,224

8,541 33
5,35854
3,182 79
62.74 p. c.
2.45 c.
0.97 c.
$
48,000,000
66,722,660
3,294,574
2,533,149
809,914
1,237,501

7,976,892
5,374,063
2,376,000
252,696
— 25,867

7,43050
4,825 94
2,60456
64.95 p. C.
2.44c,
0.93 C.
$
52,800,000
75,397,660
174,996
2,044,380
837,203
1,098,480

8,437,106
5,490,796
2,112,000
423,758
+ 410,552

7,615 03
4,88868
2,72635
64.20 p. C.
2.42 C.
0.93 c.

$

52,800,000
77,330,660
174,996
2,489,996
859,306
1,102,157

7,382,840
5,665,636

7,361,494
5,583,064

7,319,877
5,563,057

6,950,153
5,571,509

Fixed Charges

Other Charges

164,714
4- 1,552,490

6,418.97
4,013 48
2,40549
62.53 p. c.
2.35 C.
0.89 C.
$
55,000,000
84,131,660
2,133,216
1,589,963
894,116
48,197
349,589

1,077,845
+ 700,585

6,521 01
• 4,15353
2,36748
63.69 p. c.
2.35 c.
0.85 c.
$
55,000,000
84.158,660
825,000
1,957,6%
904,499
48,053
638,347
716,218

379,316
+ 1,377,503

6,877 14
4,554 88
2,322 26
66. 23 p. c.
2.18c.
0.82 c.
$
55,000,000
86,724.660
467,331
4,688,260
1,666,066
47,865
580,352
1,498,658

399,464
+ 979,180

6,83422
4,64595
2,18827
67.98 p. c.
2.25 c.
0.81 c.
$
55,000,000
93,520,660
3,031,628
2,197,103
1,583,407
47,605
575,425
2,690,252

Gross Earnings per Mile.
Oper. Expenses per M. . .
Net Earnings per Mile. ..
Expenses to Earnings. . .
Av. Rate per Pass. perM.
Av. Rate per Ton per M..

Capital Stock

Bonded Debt.

Bills Payable

Accounts and Dues
Interest Due & Accrued.
Dividends Unpaid

Profit and Loss..

707,161

1,118,419

1,877,124

Total Liabilities

Road and Equipment.. . .
Real Estate and Lands . .
Materials and Supplies..
Stocks & Bonds in Trust.
Securities in Treasury. . .
Assets in Sinking Fund.
Advances to Auxil. Cos..
Bills, Accounts & Dues..
Cash

123,304,959

88,157,237
654,693
1,482,595
16,151,944
. 9,472,974
506,435
2,588,831
3,395,901
924,349

133,471,138

102,993,406
757,339
1,396,410
16,407,229
4,788,555
614,081
2,346.981
3,456,330
710,807

136,634,239

104,828,162
803,459
1,478,299
16,&39,229
4,730,628
721,829
2,299,887
4,614,972
317,773

144,146,741

106,325,491
876,468
1,233,897
21,837,106
7,994,021
793,219
1,303,582
3,891,199
598,220
293,478

144,248,473

106,344,038
912,430
1,444,116
21,837,166
8,289,663
8%,918
1,331,870
2,472,044
399,643
320,585

150,673,192

106,604,118
1,180,600
1.408,059
17,0a5,534
17,576,059
1,010,992
1,105,616
3,268,889
770,528
662,797

158,646,140

110,483,393
1,185,235
1,635,&35
21,035,501
17,544,489
1,053,654
1,192,330
3,173,K»7
537,356
804,750

Total Assets

123,304,959

133,471,138

136,634,239

144,146,741

144,248,473

150,673,192

158,646,140

* Including lines leased to other corporations.

Profit and Loss Account, June 30, 1897.— Credits: Balance to credit June 30, 1896,
$1,498,657.64 ; interest received on bonds in sinking fund, $47,400 ; profit on securities sold,
$1,219.33 ; sinking fund payments for which no bonds are received, charged to income ac-
count (L. & N., South and North Ala. trust deed mtge. sinking fund, $20,000; Pensacola and
Atlantic mtge. pinking fund, $42,900; Cecilia Branch mtge. sinking fund, $55,000), $117,900;
amounts realized from various sources, $10,390.30; net earnings So. & No. Ala. RR. year
ended June 30, 1897, $108,440.97 ; transferred from income account, $979,180.09— total, $2,-
763,188.33. Contra : Premium on bonds redeemed for sinking fund, $30,100.00 ; non-colle t-

51G POOR'S MANUAL OF RAILROADS —RAILROAD "SYSTEMS."

ible accounts charged off, $42,707.88 ; amounts paid on sundry accounts, $129.33 ; balance
to credit, June 30, 1897, $2,690,351.12— total, $2,763,188.33.

Estimate of fixed charges against income for fiscal year 1897-98 : Total interest charges
L. & N., $4,840,294 ; total interest and dividends guaranteed as rental, $912,140 ; fixed ren-
tal, $15,000— total, $5,767,434. Subject to the following credits : Interest on company's
bonds in treasury, $595,510 ; on Owensboro' and Nashville 1st mtge. bonds, in the trust,
$7-3,000 ; interest on So. & No. Ala. 2d mtge. bonds, deposited with Union Trust Co. to secure
$1,960,000 L. & N. 6 p. c. sinking fund bonds, $2,000,000 at 6 p. c., $120,000— total, $787,510.
Balance, $4,979,924. In this estimate the general interest account is not reckoned, as the
balances due this company, carrying interest, more than offset the amounts bearing interest
which the company owes.

Payments to be made on account of sinking funds, 1897-98, $658,679 ; guarantees for out-
side companies, etc.— Georgia RR. lease, half rental, $300,000 ; Southern Division, Cumber-
land and Ohio RR. guaranteed interest, $21,000 ; Nashv., Flor. and Sheffield Ry., $2,096,000
5 p. c. bonds, guaranteed interest, $104,800.

General Balance Sheet, June 30, 1897.

LIABILITIES.

Capital Stock Issued $52,709.920 00

Capital Stock Liability 2,290,080 00

Funded Debt (see detailed statement on page 517) 93,520,660 00

Bills Payable (secured) 3,031,628 35

Vouchers and Pay Rolls, including those for June, 1897, payable in July 1,594,546 24

Interest on Bonds due July 1, 1897, and Unpresented Coupons 769,271 00

Interest Accrued to June 30, 1897, but not Due 814,13619

Dividends Unclaimed 47,664 03

Due Individuals and Companies in Current Account 202,749 21

Other Liabilities 399,808 58

Deferred Renewals of Equipment, Rails, etc 575,425 20

Profit and Loss 2,690,251 12

Total Liabilities $158,648,140 52

ASSETS.

Road Fixtures and Equipment $110,483,393 34

Real Estate, Quarry, and Timber Lands 1,185,234 59

Material and Supplies in Shops and on Line of Road t 1,525.357 54

Material in Private Sidings, the Property of the Company 110,477 44

Investments, Ledger Value -Slocks Owned $1,639,312 41

Bonds Owned 13,705,176 10— 15,344,488 21

Unlisted Capital Stock in the Treasury 2,200,00000

Trust Accounts:

Bonds and Stock held in Trust by the Central Trust Co. of New York, Trustee, for

Unified Mortgage Bonds $16,700,941 39

Lfss : Securities added to Cost of Road and Deducted from this Account 4,994,407 35— 11,706,534 04

Bonds Held in Trust by Union Trust Co. of New York, Trustee, for L. & N. RR.
6 p. c. Sinking Fund Bonds :

South and North Alabama RR. 2d Mtge. 6 p. c. Bonds $2,000,00000

Mobile and Montgomery Ry. Co., Liability for Joint Bond Issue. .§4,000,000 00

Less Proceeds of Issue Retained 2,900,032 56— 1,099,967 44— 3,099,967 44

Bonds Held in Trust by Farmer's Loan and Trust Co. of New York, Trustee :

For 5 p. c. Trust Bonds : Birmingham Mineral RR. 1st Mtge. 5 p. c. Bonds 83,929,000 00

Owensboro and Nashville Ry. 1st Mtge. 6 p. c. Bonds 1,200,000 00— 5,129,000 00

For Ga. RR. Lease : South and North Alabama RR. 5 p. c. Consol. Bonds 250,000 00

L. & N. RR. Pensacola and Selma Division 6 p c. Bonds 850,00000— 1,100,00000

Bonds and Cash Held by Trustees of Sinking Funds 1,053,653 55

Advances to Subsidiary Companies : Nashville and Decatur RR Co $1,053,26863

Mammoth Cave RR. Co 1,750 00

Shelby RR. Co 59,459 84

South and North Alabama RR. Co 55,455 08

Elkton and Guthrie RR. Co 53071

Chicago and South Atlantic RR. of Ky.. . . 75875

Mobile and Montgomery Ry. Co ... 11,227 42

Florence Belt RR. Co 9,880 05— 1,192,330 48

Current A?«ets : Due from Station Agents 538,819 09

Net Trallic Balances Due from Other Companies 88,240 68

Due from Adams and Southern Express Companies 54,024 29

Due from United States Government Post Office Department 180,429 53

Louisville and Nashville Terminal Co .. 424,36009

Individuals and Companies 880,646 57

804,760 10

Bills Receivable. '. 146,671 24— 2,313,191 49

Cash on Hand and in Transit 537,356 39

c >t her A suets : Sundry Dues, $630,640. i ii';' Land and Other NotesReceivabie,' $229,765.45. . '.'. 860,405 Cl

unfounded Discount Account... 804,760 10

Total

Assets ...................... ..... $158,646,140 52

.

POOR'S MANUAL— LOUISVILLE AND NASHVILLE RK. CO. 517

Capital Stock. — The charter authorized the company to increase its share capital to an
amount sufficient to represent in stock the full cost of the road and branches. The share
capital as at present outstanding may be increased to $60,000,000 (by authority granted Nov.
8, 1893) without further authority from the stockholders.

The item " Capital Stock Liability " consists of original stock and subsequent dividends
unissued, $83,861.80 ; scrip issued on stock dividends, $6,218.20 ; unlisted capital stock,
$2,200,000— total, $2,290,080.

Statement of funded debt, June 30, 1897:

CHARACTER or BONDS.

ROAD MORTGAGED.

Date of
Bonds.

Maturity
of Bonds.

Interest,
Rate per cent.,
and When
Payable.

Amount
Afloat.

Annual
Charges.

Termini.

Miles.

Louisv. L'nsLeb. Br. Ext..
1st Mtge., Lonisv., C. & L..
Consolidated 8. FundMtge.
1st Mtge., Louis. Ry. Tr.Co.
1st Mtg., Mem. & O. RR., £
let Mtg.,M. C. & L.,£432,800
M. & L. RR. No. Div. Bds.
1st Mlge., Cecilia Branch.. .
2dMtge.,L., Cin. & L. Ry.
Sinking Fund Bonds, Gold.
St. L. Property, 1st M-. Gold
lstMtge.,E.H.&Nashv.Div.
1st Mtge., Pensacola Div. . .
1st Mtge., St. Louis Div
P. & Atl. RR. 1st Mtg. Bds.
1st Mtge., N. O. & M. Div..
2dMtge., N. O. & M. DiT..
General Mortgage

Lebanon-Knoxv. Br
Louisv. to N'p't & Lex'n
Main Stem & Branches.
E. Louisv. to S. Louisv.
Memphis to Paris ....

170.80
177.10
453.13
4.13
129.77
82.25

1863
1867
1868
1881
1871
1872
1876
1877
1877
1680
1896
1879
1880
1881
1881
1880
1880
1880
1881
1881
1881

1SSS

1887
1890
1881
1887
1895

Oct. 15, 1893
Jan. 1, 1897
Apr. 1, 1898
May 1, 1901
June 1, 1901
Ang. 1, 1902
Jan. I, 1906
Mar. 1, 1907
Oct. 1,1907
Apr. 1, 1910
Mar. 1, 1916
Dec. 1,1919
Mar. 1, 1920
Mar. 1, 1921
Aug. 1, 1921
Jan. 1, 1930
Jan. 1, 1930
June 1, 1930
Mar. 1, 1931
Mar. 1, 1931
Nov. 1, 1931
Nov. 1, 1931
May 1, 1937
July 1, 1940
Mar. 1, 1980
July 1, 1987
Sept. 1, 1945

6
7
7
8
7
6
7
7
7
6
5
6
6
6
6
6
6
6
6
6

£
5
4
3
4
4*

A, & O.

J. & J.
A. & 0.
M. & N.
J. & D.
F. & A.
J. & J.
M. & S.
A. & O.
A. & O.
M. & 8.
J. & D.
M. & S.
M. & S.
F. & A.
J. & J.
J. & J.
J. & D.
M. & S.
M. & S.
M. & N.
M. & N.
M. & N.
J. & J.
M. & S.
J. & J.
M. & S.

S

1,000
16,000
7,070,000
286,000
3.500,000
1,996,660
400,000
601,000
892,000
1,960,000
617,000
2,077,000
580,000
3,500,000
2,794,000
5,000,000
1,000,000
10,387,000
1,500,000
1.248,000
3,258,000
5,129,000
1.764,000
24,202,000
3,000,000
6,742,000
4,000,000

8

494,900
22,880
248,784
120,650
28,000
38,790
62,440
117,600
30,850
122,800
31,800
210,000
166,615
300,000
60,000
617,285
90,000
74,880
146,610
256,450
88,200
968,080
90,000
269,680
180,000

Kentucky Line to Paris
(See page 518.)
Louisville to Cecilia
Louisv. to N'p't & Lex'n

4I..OO
177.10

Henderson to Nashville
Pensacola to Junction. .
E. St. Louis toEvansv.
Pensacola to River Jc. .
Mobile to New Orleans.
Mobile to New Orleans.
(See page 519.)

135.20
44.54
161.00
160.28
141.00
141.00

Leb.-Knox. Br. Mtge

171.17
64.97
177.10

1st Mtge., Pens. & Sel. Div
Gen. Mtge., L., C. & L. Ry.
1st Mtge. Trust Gold Bonds.
1st Mtge. 5 p. c. Bonds. . . .
Unif'd 4 p. c. Gold M. Bds .
2d Mtge., St. Louis Div. . . .
1st Mtg. Ky. Central Ry. . .
Joint Mtge. Bonds, Gold. .

Totals

Louisv. to N'p't & Lex'n
(See page 519.)
(See page 519.)
(See page 519.)
E. St. Louis to Evansv.
(See page 519.)
Mobile to Montgomery.

160.60

178.49

93,520,660

4,840,294

In the preceding statement are included bonds to the following amounts, which had been
drawn for sinking fund, but not presented for redemption : $1,000 Cecilian Branch bond on
which interest ceased Sept. 1, 1896, and $55,000 on which interest ceased Sept. 1, 1897;
$7,000 Evansville, Henderson and Nashville Division bonds, on which interest ceased Dec. 1,
1896; $1,000 gen. mtge. bonds, on which interest ceased June 1, 1896, and $77,000 of the
same issue, on which interest ceased June 1, 1897.

The following bonds, also included in the funded debt statement, are held in the
treasury : Lebanon, Knoxville Branch bonds, $1,500,000 ; Pensacola and Selma Division
bonds, $398,000 ; Pensacola and Atlantic RR. bonds, $926,000 ; L. & N. RR. unified 4£ p. c.
bonds, $9,208,000; St. Louis Property 5 p. c. gold bonds, $135,000— total, $12,167,000. Be-
sides which, $850,000 of Pensacola and Selma Div. 1st mtge. 6 p. c. bonds are deposited with
the Farmers' Loan and Trust Co., as collateral for the Georgia RR. tease; leaving the outstand-
ing bonded debt, June 30, 1897, $80,503,660.

During the past fiscal year the bonded debt was increased by the issuing of $3,528,000'
unified bonds and $133,000 St. Louis property bonds ; by including $1,960,000 of sinking fund
6 p. c. bonds issued in 1880 against 2d mtge. bonds of the South and North Alabama RR.,
and $4,000,000 of joint mtge. bonds of the Louisville and Nashville and the Mobile and Mont-
gomery RR. Cos., both issues not previously included in the bonded debt but the interest on
them included in interest charges; also by including the $350,000 of Pensacola and Selma
Div. 1st mtge. bonds which are deposited under the Georgia RR. lease. It was diminished
during the same period by $225,000 gen. mtge. bonds, $40,000 Cecilia Branch bonds, $37,000
Evansville. Henderson and Nashville Div. bonds, and $39,000 Pensacola and Atlantic RR. 1st

518 POOR'S MANUAL or EAILKOADS— RAILROAD "SYSTEMS."

mtge bonds, drawn for sinking fund, and by $2,834,000 L., C. & L. Ry., 1st mtge. 7 p. c.
bonds redeemed. Total increase, $9,971,000 ; total decrease, $3,175,000 ; net increase,
$6,796,000.

The Louisville, Cincinnati and Lexington 1st mtge. bonds, known originally as ''Louisville and Frank-
fort and Lexington and Frankfort, Cincinnati Branch, joint bonds," matured Jan. 1, 189,, and all but $16,000
of them had been redeemed on June 30, 1897.

The consol. 1st mtge. sinking fund bonds were redeemed at maturity, April 1, 1898. "

The Louisville Ry. Transfer Co. bonds are payable, principal and interest, at the New York office of
the L. & X. RH. Co.

trust bonds, $17,000 L. & N. RR. gen. mtge. bonds, $14,000 Pens. & Atl. RR. 1st mtge. bonds, $14,000 N., C.
& St L Rv Tracy City Branch bonds, $30,000 N., C. & St. L. Ry. Bon\\ir Branch bonds, $93,000 N., F. & S.
Ry 1st mtge. bonds, $58,000 So. & No. Ala. RR. consol. mtge. bonds, $370,000 L. & N. RR. unified bonds,
$64,000 N., C. & St. L. Ry. 1st consol. mtge. bonds and $36,000 Pensacola Division 1st mtge. bonds), besides
$470.70 cash uninvested. Trustees: R. L. Edwards and J. A. Horsey.

The Mai/xcillc and Lexington RR. Northern Division bonds are a first lien on the branch of the Ken-
tucky Central Ry., extending from Maysville to Paris, Ky., 49.32 miles. They are $1,000 bonds; interest pay-
able at the office of the Louisville and Nashville RR. Co., in New York, N. Y.

The Cecilian Branch bonds are for $1,000 each, in coupon form, but they may be registered at the
offices of the company in Louisville, Ky., and New York, N. Y. There is a sinking fund for retirement of the
bonds at par, and if they cannot be purchased at that price they are drawn by lot. Principal and interest
payable in New York. Trustee: Union Trust Co., New York, N. Y.

The Louisville, Cincinnati and Lexington Zd mtge. bonds are secured on the Cincinnati Division and
Lexington Branch, together 175.96 miles. They are $100, $500 and $1,000 bonds, in coupon form, with privilege
of registration. There is a sinking fund provision, but bonds are not drawn. Principal and interest payable
at the office of the L. & N. RR. Co., 120 Broadway, New York. Trustee: Joshua F. Speed.

The sinking fund 6 p. c. gold bonds were issued in 1880 but now appear for the first time in the balance
sheet, although they have been always mentioned in the annual reports and the interest on them included in
annual interest charges. They are secured by deposit of $2,000,000 of South and North Alabama RR. Co. 2d
mtge. 0 p. c. bonds received by the L. & N. RR. Co. in settlement for advances, and of $1,099,967.44 of the
Louisville and Nashville-Mobile and Montgomery joint bond issue. The original issue of the bonds amounted
to $2,000,000, of which $40,000 have been redeem'ed by operation of the sinking fund. They are for $1,000 each,
in coupon form, with privilege of registration. Principal and interest payable at the New York office of the
L. & N. RR. Co. Trustee: Union Trust Co. of New York. On June 30, 1897, the trustees of the sinking fund
held $298,000 of bonds ($66,000 5 p. c. trus.L. bonds, $30,000 of these sinking fund bonds, $178,000 unified bonds,
$22,000 So. & No. Ala. RR. consols, and $2,000 Pens. & Atl. RR. 1st mtge. bonds), besides $423.22 cash
uninvested.

The St. Louis Property \st mtge. gold bonds were issued for the purchase and improvement of
terminal property in St. Louis, Mo., which had been held by the company under lease for 10 years from Aug.
1, 1890. Of the $617,000 bonds shown in the bonded debt statement as outstanding, $135,000 are in the
treasury of the company. The bonds are in coupon foBm, for $1,000 each, and are secured on the property
purchased. Interest payable at the office of the trustee, the St. Louis Trust Co., St. Louis, Mo.

The Evansville, Henderson and Sashville Division bonds are secured by 1st mtge. on the Henderson
Division and Madisonville Branch. They are $1,000 coupon bonds, but may be registered at the offices of the
Louisville and Nashville RR. Co., Louisville, Ky., and New York, N. Y. Theer is a sinking fund (commenced
in 1885) of $oO,000 yearly till 1895, the amount increasing each five years thereafter till $150,000 per annum is
reached. This fund is applied to purchase of the bonds at not over 110, but if they cannot be obtained at
that price an amount sufficient to exhaust the annual sinking fund is subject to call at 10 p. c. premium.
Principal and interest (free of taxes) payable in gold at the New York office of the Louisville and Nashville
RR. Co. Trustee: Central Trust Co., New York, N. Y.

. The Pensaeola Division bonds are for $1,000 each, in coupon form, with privilege of registration.
Principal and interest payable in gold, in New York, N. Y. There is a sinking fund of $5,000 yearly till 1900,
tlien $10,000 yearly, and increasing at stated periods till all the bonds are paid off. The sinking fund is
applied to purchase of bonds at 105, but if they cannot be obtained at that price, the bonds are drawn by lot
at 5 p. c. premium. Trustees: Henry F. Vail, H. Victor Newcomb, Martin F. Sullivan.

The St. Louis Division 1st mtge. bonds are for $1,000 each, and are in coupon form, but they may be
registered at the offices of the L. & N. RR. Co., Louisville, Ky., and New York, N. Y. Principal and interest
payable in gold, in New York, N. Y. Trustees: Henry W. Smithers, William F. Whitehouse, and Noble C.
Butler. Except as to date and term of mortgage, rate of interest and priority of lien, thes« and the St. Louis
Division Id mtge. bonds are alike in all respects.

The Pensacola and Atlantic bonds are secured by 1st mtge. on the railroad from Pensacola to River
June., Fla., 160.28 m., and upon all property appertaining to that line. The bonds are for $1,000 each, in
coupon form, with privilege of registration. They are guaranteed, principal and interest, by the Louisville
and Nashville RR. Co., and the guarantee is endorsed on each bond. Principal and interest payable in gold,
at the office of the Louisville and Nashville RR. Co., in New York, N. Y. There is a yearly sinking fund
(commenced Feb. 1, 1892), of 1^'j p. c. , for redemption of the bonds, by purchases or drawings, at 10 p. c.
premium. Of the amount shown in the funded debt statement as outstanding, $926,000 is in the treasury of
the company. Trustees: Edmund D. Randolph, John L. Cadwalader, New York, N. Y.

The yew Orleans and Mobile Division 1st mtge. bonds are issued under a mortgage dated May 8, 1880,
to the Farmers' Loan and Trust Co. of New York, as trustee, and are secured on the line from Mobile, Ala.,
to New Orleans, La., 140.36 miles. They are $1,000 coupon bonds, but may be registered at the offices of the
L. & N. RR. Co., Louisville, Ky., and New York, N. Y. Principal and' interest payable in gold, in New
York, N. Y.

POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO. 519

privilege of registration. Principal and interest payable in gold, in New York, N. Y. Trustee: Farmers'
Loan and Trust Co., New York, N. Y.

The gen. mtge. bonds of 1930 are part of an authorized issued of $20,000,000. The consol. 1st mtge.
sinking fund bonds having been retired, these bonds are now a first lien on the main stem, the Bardstown,
Richmond, and Knoxville Branches, and the 46 miles of the Memphis line within the State of Kentucky.
They are also secured on the section of the Memphis Line between Guthrie (Kentucky Line) and Memphis,
on the Cecilia Branch and on the Henderson Division and Madisonville Branch, subject to the prior
liens of the Memphis and Ohio, the Memphis, Clarksville and Louisville, the Evansville, Henderson and Nash-
ville, and the Cecilia Branch mortgages. So that upon the retirement of the consols of 1868 the gen. mtge.
bonds will be a first lien on the main stem and branches, and a secondary lien on the other lines mentioned.
The bonds are for $1,000 each, and are in coupon form, but they may be registered at the offices of the L.
& N. RR. Co., Louisville, Ky., and New York, N. Y. Principal and interest payable in gold, in New York,
N. Y. The mtge. provides for a sinking fund sufficient to retire the bonds before maturity, the company
having the right to draw bonds by lot at 110 and interest. Trustee: Central Trust Co., New York, N. Y.

The Lebanon-Knoxville Branch mtge. bonds are secured on the line from Lebanon Junction, Ky., to
Jellico, Tenn., 171.17 miles. They are for $1,000 each, in coupon form. Principal and interest payable in
New York. The entire $1,500,000 of these bonds are held in the treasury of the company.

The Pensacola and Selma Div. 1st mtge. bonds are secured on the lines from Selma to Pine Apple, Ala.,
and from Repton to Flomaton, Ala., together 64.97 miles. The bonds are in coupon form, for $1,000 each.
Principal and interest payable in New York. Of the amount shown in the funded debt statement as out-
standing, $398,000 is in the treasury of the company, while the remaining $850,000 is pledged with the
Farmers' Loan and Trust Co. of New York as collateral for the Georgia RR. lease.

The L., C. & Lex. gen. mtge. bonds were issued by the Louisville and Nashville RR. Co. in payment for
the L., C. & L. Ry. The authorized issue was originally $7,000,000, but the amount is now limited to $3,258,-
000. As originally provided the bonds bore interest at 6 p. c. They were held in the treasury of the L. & N.
RR. Co. for many years, but in 1896,- tinder an agreement with the trustee, the rate of interest was reduced to
4J p. c. beginning Nov. 1, 1896, and the entire issue was sold, the proceeds being used in part to retire the
$2,850,000 1st mtge. L., C. & L. bonds which matured Jan. 1, 1897. The bonds rank next after the L., C. &
L. Ry. 2d mtge. bonds on the Cincinnati Division and Lexington Branch. They are for $1,000 each, in coupon
form, with privilege of registration. Principal and interest payable in gold at the New York office of the
Louisville and Nashville RR. Co. Trustee: Mercantile Trust Co., New York.

The 1st mtge. collateral trust gold bonds are part of an authorized issue of $7,000,000, to be secured by
deposit in trust of $5,000,000 1st mtge. 5 p. c. bonds of the Birmingham Mineral RR. Co., due Nov. 1, 1937,
and $2,000,000 1st mtge. 6 p. c. bonds of the Owensboro' and Nashville Ry. Co., due Nov. 1, 1931. The trustee
holds as security for the amount of bonds outstanding, $3,929,000 Birmingham Mineral bonds, and $1,200,000
Owensboro' and Nashville bonds. The mortgage is dated April, 1888, and the bonds draw interest from May 1,
1888. Principal and interest payable in gold, in New York, N. Y. The bonds are for $1,000 each, in coupon
form, with privilege of registration. Trustee: Farmers' Loan and Trust Co., New York, N. Y.

The 1st mtge. 5 p. c. 50-j/r. gold bonds of 1937 are secured on the section of the Cumberland Valley
Branch extending from Corbin, Ky., to a point in Virginia, 46.5 miles distant; on the line from Clarksville,
Tenn., to Princeton, Ky., 62.70 miles, and on the Springfield Branch, 20.07 miles. The bonds are for $1,000
each, in coupon form, with privilege of registration. Authorized issue, $3,500,000, at the rate of $15,000 per
mile. Principal and interest payable in gold, in New York, N. Y. Trustee: United States Trust Co., New
York, N. Y.

The unified mtge. 4 p. c. 50-yr. gold bonds are secured on the entire property and assets of the L. & N.
RR. Co., of whatever description, but subject to prior liens. Of these there were outstanding at the close of
the last fiscal year $32,461,660, to wit : $7,070,000 consol. mtge. bonds of 1868, $10,387,000 gen. mtge. bonds of
1880, $1,000 city of Louisville loan, $1,500,000 Lebanon-Knoxville Branch mtge. bonds, $1,764,000 1st mtge.
5 p. c. bonds of 1937, $3,500,000 Memphis and Ohio sterling bonds, $1,996,660 Memphis, Clarksville and Louis-
ville bonds, $2,077,000 Evansville, Henderson and Nashville Division bonds, $16,000 1st mtge., $892,000 2d mtge.
and $3,258,000 gen. mtge. bonds of the L., C. & L. Ry. Co. None of these prior liens can be extended, nor
can further bonds be issued under any of the prior mtges. In addition to an amount of bonds sufficient to
retire all underlying bonds, the unified mortgage provided for $32,461,660 bonds (making a total of $75,000,-
000) to be issued for improvements, extensions and other purposes of the company; those issued against ex-
tensions or for the purchase of other railroads to be at the rate of not exceeding $32,000 per mile, including
$7,000 per mile for equipment, and to become a lien, either by direct mortgage or collaterally, on the lines
thus acquired. Under this provision the unified mtge. bonds have become a direct first mortgage on the
following lines: Cumberland Valley Branch, extension from a point 46.5 m. from Corbin, Ky., to Norton, Va.,
70,87 m. ; Clarksville Mineral Branch, 38.03 m. ; New and Old Decatur Belt and TerminaX 3.62 m. ; Shelby
Cut-off, 8.51 m. ; Montgomery and Prattville RR., 10.35 m. ; Sheffield and Tuscumbia RR., 2.63 m. ; Middles-
borough RR., 9.96 miles. The bonds are additionally secured by deposit of securities of proprietary and other
companies as follows:

Par Value. Ledger Value.

19,726 shares Birm. M'n'l RR. St. $1,972,600 $690,410 00
19,690 shares Ala. M'n'IRR. st... 1,969,000 225,01000
6,150 share* N., F.& 8. Ry. St.. . 615,000 60,60000
395 shares Hend. BeltRR. St.. 19,750 19,75000
10,973f $ shares Shelby RR. at . . . . 548,185 153,000 00

Totals $29,142,535 $16,700,941 39

Deduct the cost of the following securi-
ties, which, having been added to the
cost of road, is deducted from this ac-
count, viz. :

L.. C. & L. Ry. stock $3,052,574 81

Ala. M'n'IRR. bonds and st. 1,875,02000
Henderson Belt RR. stock ... 19,750 00
Louisv. Ry. Transfer stock. . 47,062 54— 4,994,407 35

Balance as per general balance sheet. .$11,706,53404

Par Value. Ledger Value.

Ala. M'n'l RR. Co., 4p.c. bonds. $3,150,000 $1,650,010 00
15,000 shares LC. & L. Ry. I ,500,000]

preferred stock I *» I q nna >v?4 si

9!850 shares L. C. & L. Ry. , 9g5 ^ 3'052'574 8
common stock f

20,000 shares S. & N. Ala. RR. f 9nrinmn~\
preferred stock f ^000'0m

11,274 shares S. & N. Ala. RR. i
common stock f

29,397sbaresMob.&Mont.Ry.st. 2,039,700 3,272,90612

39,850 shares N.O.M.&T.RR. St. 3,985,000
9,800 shares S. E. & St. L. Ry. st. 980,000 294,00000

55,015 shares N.,C.& St. L.Ry.st. 5,501,500 5,355,53875
9,634 shares O. & N. Ry. stock. 963,400 250,72848
5,010 shares Hend. B'dge Co. st. 501,000 501,00000
2,850 shares Pensacola RR. st.. . 285,000 2,85000

1,000 shares Louisv. Ry. Tr. st. . 100,000 47,062 54

Tke bonds are in coupon and registered forms — coupon bonds for $1,000, and registered for $5,000 each.
Coupon bonds may be registered as to principal only, or may be exchanged in sums of $5,000 for full regis-
tered certificates. Principal and interest (tax free) payable in gold, in New York. It is provided that in
case of default continuing for six months the bonds shall become due and payable. Trustee: Central Trust
Co. of New York. Of the amount shown in the funded debt statement as outstanding, $9,208,000 is held in
the treasury.

The Kentucky Central bonds are secured on the Kentucky Central Ry., 247.49 m., subject to the lien of

520 POOR'S MANUAL OF EAILROADS — RAILROAD "SYSTEMS.

the Mavsville and Lexington RR. Northern Division bonds. They are for $1,000 each, in coupon form, with
prfvilcKe of roRistration Principal and interest payable in gold, at the office of the Louisville and Nashville
HR. Co. in New York. Trustee: Metropolitan Trust Co., New York.

are secured on the entire
page 502, statement for
•eserved for extension

ville and Nashville RR. Co., New York, N. 1.

Meanwhile it will be the policy of the company to make

than the current prices of the market.

The construction account was closed July 1, 1894, since .which date the items which had
been charged to that account have been charged to operating expenses under the sub-account
of improvement account. The amount so charged during the past year was $546,570.87.

The improvements and betterments upon the Nashville and Decatur RR., to be settled
for at the expiration of the lease, and which have been charged to construction account Nash-
ville and Decatur RR. during the year, amount to $11,992.31.

During the year the cost of road was charged with $3,879,275.70 expended on various
parts of the system as follows: Southeast and St. Louis Ry., $170,067.98; Cumberland
Valley Branch, $258,176.66 ; Sheffield and Tuscumbia RR., $968.72; Middlesborough RR.
Co., being the cost of the road, $100,630.02 ; Paducah and Memphis Division (cost, $3,093,-
099; improvements and betterments, $251,348.36), $3,344,447.36 ; Shelby Cut-off, $4,984.96.

Since the close of the fiscal year and up to Sept. 1, 1897, there have been additional ex-
penditures of $32,436.84 for improvements and betterments to the Paducah and Memphis
Division, making the total cost of that property, $4,083,785.20, for which bonds of the Padu-
cah and Memphis Division have been received by the company and placed in the treasury.

The added cost of the Cumberland Valley Branch consisted of the following items :
Tunnel and property purchased from the South Atlantic and Ohio RR., $32,117.96 ; tunnel
and track purchased from the Knox ville, Cumberland Gap and Louisville Ry. Co., $150,000 ;
cost of lining the Cumberland Gap Tunnel, $76,058.70— total, $258,176.66. It is estimated
that it will cost $5,989.30 additional to complete the lining of the Cumberland Gap Tunnel.

The added cost of the Southeast and St. Louis Ry. represents property purchased in East
St. Louis of the value of $135,789.83, and improvements placed upon the same, amounting to
$34,278.15, all of which lias been charged to the cost of the St. Louis Division, as there is no
provision in the unified nitge. under which the Louisville and Nashville RR. Co. could reim-
burse itself for this outlay. It is estimated that it will require an additional expenditure of
about $28,293 to complete the contemplated improvements.

During the year there were 107.87 miles of track relaid with new steel rails, replacing
old steel rails, at a cost of $212,993.76, all of which amount was charged to operating ex-
penses except $2,083.75, which was charged to construction account, Nashville and Decatur
RR., that being the value of the excess in weight of the new rails laid ou that road, to re-
place lighter rails. There was also charged to construction account, Nashville and Decatur
Itll., for deferred renewals, the sum of $1,146.63 for excess in weight of rails, which will be
put in track in succeeding years. The value of the excess in weight of rails laid on other
divisions of the system, was $42,011.66. There was also charged to improvement account, for
deferred renewals, the sum of $29,096.18 for excess in weight of rails, which will be put in
track in succeeding years.

The company also owns bonds and stocks of the par value of $29,142,535 and a ledger
value of $16,700,941.39 (see remarks concerning the unified mtge. bonds on p. 519), which
are deposited with the Central Trust Co. of New York, trustee under the unified mortgage ;
$2,000,000 South and North Alabama RR. 2d mtge. bonds, deposited with the Union Trust
Co. of New York, trustee under the 6 p. c. sinking fund loan of 1880 ; $1,200,000 Owensboro
and Nashville Ry. 1st mtge. bonds and $3,929,000 Birmingham Mineral RR. 1st mtge. bonds,

POORS MANUAL — LOUISVILLE AND NASHVILLE SYSTEM.

521

deposited with the Farmers' Loan and Trust Co. of New York under the collateral trust loan
of 1931 ; also $250,000 South and North Alabama RR. consol. mtge. bonds, and $850,000
Pensacola and Selma Division bonds, deposited under the Georgia RR. lease.

BONDS AND CASH HELD BY TRUSTEES OF SINKING FUNDS.

Trustees Louisville, Cincinnati and Lexington By. Sinking Fund

Union Trust Co., New York, Trustee Louisville and Nashville and South and North

Alabama RR. Trust Deed Bonds (invested) $261,101 77

Union Trust Co., New York. Trustee. Louisville and Nashville and South and North Ala-
bama RR. Trust Deed Bonds (uninvested) 423 23

Union Trust Co., New York, to redeem called Bonds cf Cecilia Branch 56.000 00

Trustees Memphis, Clarksville and Louisville RR. (invested) 735.080 63

Trustees Memphis, Clarksville and Louisville RR. (uninvested) 470 70

Central Trust Company of New York, trustee (uninvested) 577 23— $1,053,653 55

The following is a statement of the securities owned by the company, and included at
their book value in the general balance sheet :

BONDS.

9,208 Unified 50-yr. 4 p. c. gold mtge. bonds, $1,000 each

1,500 Louisv. ana Nashville, Lebanon, Knpxville Branch, 6 p. c. bonds, $1,000 each.

398 L. & N. Pensacola and Selma Division, 6 p. c. bonds, $1,000 each

926 Pensacola and Atlantic RR. Is-t mtge. 6 p. c. bonds :

925 Pensacola and Atlantic RR. Land Grant 6 p. c. bonds, $1,000 each

527 South and North Alabama RR. 5 p. c. consolid. mtge. bonds, $1,000 each. . .

212 Louisville, Henderson and St. Louis 1st mtge. 5 p. c. bonds, $500 each

135 St. Louis Property 20-yr. 5 p. c. gold 1st mtge. bonds', $1.000 each

135 Log Mountain Coal, Coke and Timber Co. 6 p. c. bonds, §1,000 each

44 Northern Division Cumberland and Ohio RR. 6 p. c. bonds, $1,000 each. . . .

43 Sloss Iron and Steel Co. 1st mtge. 6 p. c. bonds, $1,000 each

29 Eureka Co. 1st mtge. 7 p. c. bonds, $1,000 each

50 Elkton and Guthne RR. 7 p. c. bonds, $500 each

25 Bird-eye Jellico Coal Co. 2d mtge. gold 6 p. c. bonds, $1,000 each

22 Bird-eye Jellico Coal Co. 2d mtge. gold 6 p. c. bonds, $500 each . . .'

1 Bird-eye Jellico Coal Co. 2d mtge gold 6 p. c. bond, $100

II Kentucky Central Ry. 1st mtge. 4 p. c. bonds, $1,000 each

13 Louisville and Nashville 1st mtge. 5 p. c. Trust bonds, $1,000 each

Sundry RR. and other bonds, ledger value

Totals $14,094,872 11 $13,705,176 10

STOCKS.

38,570 shares Nashville and Decatur RR. Co. stock, $25 each $934,250 00

1,931 shares Owensboro and Nashville Ry. Co. stock, $100 each 193,100 00

1,144 shares Nashville, Florence and Sheffield Ry. Co. stock, $100 each 114,400 00

4,450 shares Birmingham Mineral RR. Co. stock, $100 each 455,000 00

691 shares Elkton and Guthrie RR. Co. stock 17,27500

III shares Mobile and Montgomery Ry. Co. stock, $100 each 11,100 00

340 shares South and North Alabama RR. Co. stock, $100 each 34,000 00

34(5 shares Birmingham Rolling Mill Co. stock, $100 each 34,600 00

*69,088 shares Kentucky Central Ry. Co. stock. $100 each 6,908,800 00

* 600 shares Louisville, Hat-rod's Creek and Westport RR. Co. stock, $100 each. 60,000 00

* 7,484 shares Pontchartrain RR. Co. stock, $100 each 748,400 00

63 shares New and Old Decatur Belt Terminal and RR. Co. stock, $100 each. . 6,300 00

2,410 shares South Carolina Terminal Co. stock, $100 each 241,000 00

8:23 shares Gulf Transit Co. stock, $100 each 82,300 00

192 shares South-East and St. Louis Ry. Co. stock, $100 each , 19,200 00

2,058 shares Terminal RR. Association of St. Louis stock, $100 each 205,800 00

150 shares Pensacola RR Co. stock, glOO each 15,00000

150 shares Louisville, Cincinnati and Lexington Ry. Co. com. stock, S100 each. 15,000 00

725 shares Log Mountain Coal. Coke and Timber Co. stock, $100 each 72,500 00

Sundry RR. and other stocks, ledger value 66,603 54

Par Value.

Ledger Value.

$9,208,000 00

§0,021,015 17

1,500,000 00

1,500,000 00

398,000 00

398,000 00

926,000 00

818,320 00

925,000 00

925,00000

527,000 00

500,268 57

106,000 00

52,300 00

135,000 00

135.0CO 00

135,000 00

128,25000

44,000 00

46,115 00

43,000 00

34,400 00

29,000 00

29,000 00

25,000 00

25,000 00

25,000 00

25,00000

11,000 00

11,000 00

100 00

10000

11,000 00

9,983 70

13,000 00

12,651 55

33,772 11

33,772 11

$949,476 01

57,601 77

1,738 00

159,250 00

15,175 00

10,543 20

17,875 05

34,600 00

241,000 90
82,300 00

Totals §10.264,628 54

Grand Totals . . , . 24,350,500 65

69,753 38

81,639.312 41
15,344.488 51

* These stocks having been included in cost of road, do not appear on Trial Balance under the caption of
• Stocks Owned."

RAILROADS OWNED ABSOLUTELY OR THROUGH THE OWNERSHIP OF THE ENTIRE CAPITAL

STOCK.

Alabama Mineral RR.— Attalla, Ala., to i
Calera, Ala., 119.07 m.: Shelby, Ala., to Columblana,
Ala., 5.84 m.— total, 124.91 m.; sidings, 29.94 miles.
(Jauge, 4 ft. 9 In. Rail (steel, 124.91 m.). 56 and 58J
Ibs. Consolidation. July 28, 1890, of the Anniston
and Atlantic and the Annistou and Cincinnati RRs.,
from Annlston to Attalla, 35 miles. (See Manual for
1890.) Extension from Sylacauga to Calera was
completed in 1890. The Shelby Iron Co.'s RR. (from
Shelby to Columblana, Ala., 5.82 m.) was purchased
In 189O. Passed under the control of the L. & N. RR.
Co. Jan. 1, 1891. Operations, etc., included in those
of the L. & N. M. H. Smith, Pres., Louisville,

Ky. ; W. E. Knox. Vice-Pres., Anniston, Ala.; J. II.
Ellis, Sec.; W. W. Thompson, Treas., Louisville,
Ky. General Office, Louisville. Ky.

Blrmlnerliam Mineral RR. — Magelln to
Brickyard Y, 8.02 m.; Alice to Alice Mines, 0.89 m.;
Alice to Fossil Mines, 0.63 m.; Gracey to Bessemer,
11.57 m. ; Sloss to Muscoda. 1.20 m.; Blue Creek
June, to Blockton June., 27.08 m.; Yolande to
Brookwood, 9.01 m.; Chamhlee to Goethite, 3.65 m. ;
Bessemer to Oneonta. 49.80 m.; Village Springs to
fomritons. 3.39 m.; Gurley to Worthington's Quarries,
1.18 m.; Palmers to Comptons, 4.30 m.; Oneonta to
Champion, 3.50 m.; Boyles to Trussville, 17.14 m.;

522 POOR'S MANUAL or RAILROADS— RAILROAD "SYSTEMS."

Gate Citv to Graces, 10.28 m.; Helena (Tacoa) to
Plney Woods, 10.04 ra.; Headers to Leogusta 1.68
in.-total. 162.80 in.: other branches (see page 511),
22.32 in.; sidings, 51.77 miles. Gauge, 4 ft. 9 in.
Rail (steel, 212.28 m.), 58i Ibs. Chartered March 19,
1884; road opened June 1, 1884. Operations etc.,
included in those of the L. & N. Capital stock, M,-
427,600; funded debt, 1st ffltge. 5 p. c. 50-yr bonds,
due Nov 1 1937, interest May and Nov., $3,929,000;
other debt, $938.12— total, $6,357,538.12. Contra:
Cost of road, etc., $6.307,538.12; other assets, $50,-
000— total, $6,357,538.12. Interest payable at New
York, N. Y., and Louisville, Ky. Trustee of bonds:
Farmers' Loan and Trust Co., New York, N. Y.
M H. Smith, Pres.; W. W. Thompson, Treas.; J.
H Ellis, Sec. Corporate Office, Birmingham, Ala.

ClarksTille and Princeton Div.— Clarks-
ville. Tenn., to Princeton, Ky., 52.70 m., of which
20.70 m., from Gracey to Princeton, Ky., Is leased
to the Ohio Valley RR. Co. (See General Index.)
Cousol., Nov., 1884, of the Ind., Ala. & Tex., the
Mobile, Clarksville and Evansville, and the Princeton
and Ohio RR. Cos. (See Manual for 1893.) Pur-
chased by the L. & N., in Aug., 1886.

Kentucky Central Ry.— Covington to Living-
ston, Ky., 149.88 m.; Maysville to Paris, Ky., 49.48
m.; Pa'ris June, to Lexington, Ky., 17.86 m.;
Estill June, to Rowland, Ky., 30.43 m.— total,
247.65 miles. Organized in May, 1887, to take over
the Kentucky Central RR., which was sold under
foreclosure A'pril 23, 1887. The Maysville and Lex-
ington (No. Div., Paris to Maysville, 49.48 m.) RR.,
practicaly owned, is leased in perpetuity, at 7 p. c.
on $400,000 bonds, due in 1908. The Richmond Branch
(Richmond to Rowland, 33.04 m.) of the Louisville
and Nashville is leased for 99 years from Jan. 1,
1884, at $24,000 per annum, with privilege of pur-
chasing for $400,000. In Dec.. 1890, the Louisville
and Nashville HR. Co. acquired control of this
company by purchase of its capital stock, and began
to operate the railroad on Feb. 1, 1891. Capital
stock (included in cost of road, L. & N. RR. Co.,
and therefore not included in list of stocks owned by
that company), $6,908,800; funded debt (see L. & N.
bond statement), $7,142,000— total, $14,050,800. M.
H. Smith, Pres.; H. W. Bruce, Vice-Pros.; J. H.
Ellis. Sec.; W. W. Thompson, Treas., Louisville, Ky.

Middlesboroug;h RR.— Middlesborough, Ky.,
to Coal Mines, Tenn., 9.96 m.; total track (steel; 65
Ibs.), 30 miles. Chartered Aug. 8, 1895, and purchased
at foreclosure sale, Aug. 22, 1895, the property of the
MiddlesborouKh Belt RR. Co. (See Manual for 1895.)
In April, 1896, the property was purchased by the
L. & N. RR. Co. Operated in connection with the
Cumberland Valley Branch. M. H. Smith, Pres.; J.
H. Ringgold, Vice-Pres.; J. H. Ellis, Sec., Louisville,
Ky.

Mobile and Montgomery Ry.— Mobile to
Montgomery,: Ala., 178.49 m.; sidings, etc., 22.87
miles. Rail (steel, 201.36 m.), 50 and 58i Ibs. Mo-
bile & G. No. and Ala. & Fl. RR. Cos. consolidated
in 1868 as M. & M. RR. Co. Purchased at decretal
sale by the bondholders, who reorganized under the
present name in 1874. Leased for 20 years from
Jan. 1, 1881, to the L. & N. RR. Co., surplus income
goinjr to the lessee. Operations included in those of
the L. & N. Net earnings, 1897, $330,171. Paid In-
terest on bonds, $180,000. Surplus to L. & N., $150 -
171. Financial Statement, June 30, 1897.— Capital
stock, all owned by the L. & N. RR. Co., and depos-

ited in trust with the Central Trust Co., $3,022,-
518; bonded debt (see L. & N. bond statement), $4,-
004,000; unfunded debt, $2,000; profit and loss, $378,-
457— total, $7,409,560. Contra: Cost of road, etc.,
$4,069.559; other assets, $3,340,001— total, $7,4d9,-
560. Funded debt consists of $4,000,000 joint intge.
bonds described In the bond statement of the L. &
N. RR. Co., and $4,000 income bonds, overdue since
Jan. 1, 1890. G. W. Craik, Pres., Montgomery, Ala.;
J. H. Ellis, Sec.; W. W. Thompson, Treas., Louis-
ville, Ky. General Office, Montgomery, Ala.

Montgomery and Prattville RR.— Pratt-
ville June, to Prattville, Ala., 10.35 miles. Chartered
March 29, 1895; road opened In March, 1896. Owned
and operated by the L. & N. RR. Co. M. H. Smith,
Pres.; J. H. Ellis, Sec., Louisville, Ky. General
Office, Louisville, Ky.

New Orleans and Mobile RR. — New Or-
leans, La., to Mobile, Ala., 140.36 m. ; sidings, etc.,
30.97 miles. Rail (steel, 140.36 m.), 50 to 60 Ibs.
(For full history of this road see Manual for 1885.)
On May 8, 1880, the road was leased to L. & N. RR.
Co. for 50 years. The lessee owns all Its capital
stock. Operations, etc., Included in those of the L.
& N. RR. M. H. Smith, Pres.; J. H. Ellis, Sec.,
Louisville, Ky. General Office, Louisville, Ky.

Owensboro' and Nashville Ry.— Owens-
boro' to Adairville, Ky., 83.46 m.; Penrod to Mud
River Mines, 4.64 m.— total, 88.10 m.; sidings, 9.42
miles. Gauge, 4 ft. 9 In. Rail (steel, 57.28 m.), 50
and 58 Ibs. Consolidation, June 30, 1881, of the O.
& N. RR. Co. and the Ky. & Tenn. RR. Co. (See
Manual for 1890.) The L. & N. owns all of the
stock. Operations, etc., included In those of the L.
& N. Capital stock, $1,156,525; funded debt, 1st
mtge. 6 p. c. 50-yr. bonds, due Nov., 1931, Interest
May and Nov., $1,200,000; other debt, $5,518— total,
$2,362,043. Contra: Cost of road, $2,149,874; other
assets, $212,169— total, $2,362,043. M. H. Smith,
Pres.; J. H. Ellis, Sec.; W. W. Thompson, Treas.,
Louisville, Ky. General Office, Louisville, Ky.

Pontchartraln RR.— New Orleans to Lake
End, La., 6.18 miles. Owned by Louisville and Nash-
ville RR. Co., and operated In connection with the
New Orleans and Mobile RR.

Southeast and St. Louis Ry.— East St.
Louis, 111., to Evansville, Ind., 162 m.; Shawneetown
Branch, Shawnee June, to Shawneetown, 111., 40.70
m.; O'Fallan Branch, O'Fallan June, to O'Fallan,
111., 6.04 m.— total (steel, 173.71 m.), 208.74 miles.
This road is owned by the L. & N. RR. Co. The
existing organization (Southeast and St. Louis Ry.
Co.) acquired title to the property subsequent to Its
foreclosure sale on Nov. 18, 1880, and leased it to
the L. & N. RR. Co., which issued Its bonds In part
payment, the price paid being $6,500,000 In L. & N.
bonds ($3,500,000 In 40-yr. 6 p. c. 1st mtge. gold
bonds, $3,000,000 In 99-yr. 3 p. c. 2d mtge. gold
bonds), and $1,000,000 in Southeast and St. Louis Ry.
Co. stock. The bonds are known as St. Louis Division
bonds (see L. & N. statement), and are secured by
mtges. on all the roads, property, franchises, etc.,
executed by the Southeast and St. Louis Ry. Co., and
also by the L. & N. RR. Co. Its corporate existence,
as well as the lease to the L. & N. (49 years from
Jan. 27, 1881), are merely formal. (For full history
of this road, see Manuai for 1884.) Operations, etc.,
included In those of the L. & N. M. H. Smith, Pres.;
J. H. Ellis, Sec., Louisville, Ky.

RAILROADS OPERATED UNDER LEASE : EARNINGS IN EXCESS OF FIXED CHARGES ACCRU-
ING TO LESSEE.

Nashville and Decatur RR.— Nashville,
Tenn., to Decatur. Ala., 119.24 m.; total track
(steel; 58J to 70 Ibs.). 119.24 miles. Gauge, 4 ft.
9 in. Consol. Jan. 1, 1867, of the Tenn. and Ala.,
the Central Southern, and the Tenu. and Ala. Central
RR. Cos. (See Manual for 1893.) Leased to the L.
& N. RR. Co. for 30 years from July 1, 1872. Rental,
Interest on bonds and 6 p. e. on stock. The first
dividend under the lease was paid April 1, 1875.
Financial Statement. June 30. 1897.— Capital stock
(par, $25), $2.352,032; funded debt, 1st mtge 7 p. c
30-yr. bonds, due July 1, 1900. interest Jan. and July,
$2,100,000; accounts (Including $295,951, interest on
bonds in sinking fund). $325,132; profit and loss,
$162,502— total, $4,939,766. Contra: Cost of road,
etc., $4.098,015: investments, etc., $132,741; bonds
in sinking fund, $709,000— total, $4,939,756. The
bonds were issued for the purpose of taking up the

Tennessee State loans to the original companies.
They are coupon bonds for $1,000 each; principal and
interest guaranteed by the L. & N. RR. Co., and
payable in New York, N. Y. Trustees: Edgar Jones,
Nashville, Tenn.; R. T. Wilson and Adrian Iselin,
New York, N. Y. The trustees hold $709,000 of the
bonds in the sinking fund. D. H. Cliffe, Pres.:
Samuel Seay, Sec. & Treas., Nashville, Tenn. Gen-
eral Office, Nashville, Tenn.

Shelby RR.— Anchorage, Ky., to Shelbyville,
Ky., 19.10 miles. Chartered in 1851; road opened In
1871. Leased for 30 years from Aug. 1, 1879, to the
L., C. & L. Ry. Co., at an annual rental of $15,000.
In June, 1881, the lease was assigned to the Louis-
ville and Nashville RR. Co. Capital stock, $600,000.
M. H. Smith, Pres.; W. W. Thompson, Treas.; J. H.
Ellis, Sec., Louisville, Ky. General Office, Louis-
ville, Ky.

POOR'S MANUAL — LOUISVILLE AND NASHVILLE SYSTEM.

523

RAILROAD OPERATED FOR ACCOUNT OF SOUTH AND NORTH ALABAMA RR. Co.

South ami North Alabama RR.— Decatur,
to Montgomery. Ala., 182.67 m. ; Elmore to We-
tumpka, Ala., 6.30 m.— total, 188.97 m.; 2d track,
7.76 m.; total track (steel, 196.73 m.), 254.89 miles.
Rail, 581, 68, and 70 Ibs. Main Line opened Oct. 1,
1872; Wetumpka Branch, July 1, 1878. Operated by
the L. & N. RR. Co., which owns a controlling inter-
est in the capital stock and guarantees the 1st mtge.
£ bonds and the 5 p. c. consols. Operations included
in those of the L. & N. Net earnings, 1897, $710,597.
Paid interest on bonds, $553,450; taxes, $48.706; other
charges, $106,520— total, $708,676. Surplus, $1,921.
Financial Statement, June 30, 1897.— Capital stock
(common, $1,483,600; preferred, $2,000,000), $3,483,-
600; stock unissued, $9,255; funded debt (£ sink-
ing fund 6 p. c. 30-yr. bonds, due May 1, 1903, inter-
est May and Nov., $3,362,720; 2d mtge. 6 p. c. bonds,
dated June 1, 1880, due April 1, 1910. interest April
and Oct.. $2,000,000; consol. mtge. 5 p. c. gold coup,
bonds, with privilege of registration of principal,
dated April 10, 1886, due Aug. 1, 1936, interest Feb.
and Aug., $4,222,000), $9,884.720; unfunded debt,
$1,798,201— total, $15,175,776. Contra: Cost of road.

etc., $11,595,282; other investments, etc., $301,-
574; cash and current assets, $84,373; sinking fund,
$592,018; profit and loss, $2,602,528— total, $15,175,-
776. The trustees of the sterling mtge. bonds hold
for the sinking fund $589,000 of bonds ($235,000 L. &
N. 5 p. c. trust bonds, $5,000 Pensacola Div. 1st
mtge. 6 p. c. bonds, $41,000 L. & N. gen. mtge.
bonds, $191,000 Pensacola and Atlantic RR. 1st
mtge. 6 p. c. bonds and $117,000 So. & No. Ala. RR.
consol. mtge. bonds), besides $13,304.17 cash un-
invested. The 2d mtge. bonds were delivered to the
L. & N. RR. Co. in settlement of advances made by
that company, and are pledged with the Union Trust
Co., trustee, as part security for the 6 p. c. 30-yr.
sinking fund bonds of the L. & N. RR. Co. (See
general balance sheet, L. & N. RR. Co.) The
authorized issue of consols is $10.000,000, a suffi-
cient amount of which is reserved to discharge prior
liens. Trustee: Central Trust Co. of New York.
H. F. De Bardeleben, Pres., Birmingham, Ala.; M. II.
Smith, Vice-Pres., Louisville, Ky. ; G. W. Craik, Sec.,
Montgomery, Ala.; W. W. Thompson, Treas., Louis-
ville, Ky. General Office, Montgomery, Ala.

RAILROADS OPERATED UNDER LEASE FOR ACCOUNT OF THE OWNERS.

Elkton and Gnthrle RR — Elkton, Ky., to
Elkton June., Ky., 10.92 miles. Chartered In 1884;
road opened Feb. 1, 1885. Operated by the Louis-
ville and Nashville RR. Co., under an agreement
giving the net earnings to lessor company. Gross
earnings, 1894-95, $13,784. Operating expenses, $12,-
970. Net earnings, $814. Capital stock, $47.372;
funded debt, 1st mtge. 7 p. c. 30-yr. bonds, due 1905,
interest June and Dec., $25.000— total stock and
bonds, $72,372, representing cost of road, etc. Ben.

T. Perkins, Jr., Pres.; John O. Street, Sec. & Treas.,
Elkton, Ky.

Glasgow RR. — Glasgow June, to Glasgow, Ky.,
10.5 m.; total track (steel), 10.87 miles. Chartered
in 1868; road opened March 1. 1869. Leased for 5
years, Jan. 8, 1897, to the L. & N. RR. Co.; rental,
net earnings. Capital stock, $247.525; funded debt.
$40,000 5 p. c. 20-yr. bonds, due 1909. Cost of road,
$170,000. Interest payable at Glasgow, Ky. C. Wood,
Pres.; J. T. Hawkins, Vice-Pres.; J. U. Rogers,
Sec.; H. C. Trlgg, Treas., Glasgow, Ky.

LINES IN WHICH THE COMPANY is INTERESTED AS OWNER OF A MAJORITY OF THE
CAPITAL STOCK IN THE COMPANY THAT OPERATES THE ROAD.

Henderson Bridge and RR.— Henderson,
Ky., to Evansville, Ind., 10.06 miles. Rail (steel),
58 Ihs. Length of bridge superstructure, 3,698.7 ft.
Organized Sept. 21, 1880; bridge opened July 13, 1885.
Operated by the L. & N. RR. Co., which. In union
with other eonneetinc roads, guarantees yearly tolls
of $200,000— being interest on bonds, 5 p. c. divi-
dends on stock, sinking fund charges and organiza-
tion expenses. Gross earnings, year ending June 30,
1897, $270.693. Expenses, $24,311. Net Income,
$246.382. Payments: Excess over guarantee refunded,
$54,944; interest on bonds, $120,000; sinking fund,
$8.400; dividend (5 l>. c.), $50,000— total, $233,344.
Surplus, $13.038. Financial Statement, June 30,
1897.— Capital stock, $1,000,000; funded debt, $2,-
OOO.OOO; unfunded debt, $75.313; profit and loss,
$517,353— total, $3.592,666. Contra: Cost of bridge
and real estate, $2,217,449; stock bonus, $1,000,000;
other assets, $375,217— total, $3,592,666. The bonds
are 1st mtge. 6 p. c. 50-yr., due Sept. 1, 1931, inter-
est March and Sept., in New York. Trustees: Cen-
tral Trust Co., New York, and S. B. Vance, Evans-
ville, Ind. Registrar of bonds: L. & N. RR. Co.,
Louisville, Ky.. and New York. Milton H. Smith,
Pres., Louisville, Ky.; A. M. Quarrier, Vice-Pres.,
New York, N. Y.; J. H. Ellis, Sec.; W. W. Thomp-
son, Treas., Louisville, Ky. Corporate Office, Louis-
ville, Ky. New York Office, 120 Broadway.

\iishville, Florence and Sheffield Ry.—
Columbia, Tenn., to Sheffield, Ala., 82.13 m.; Iron
City to Pinkney, 11.78 m.; Summertown to Napier,
10.92 m.; Shoffield and Tusc-nrabia RR. (leased),
Sheffield to Tuscumbia, Ala., 2.63 m.— total, 107.46
m.; sidings, etc., 16.01 miles. Rail (steel, 113.44 m.),

581 Ibs. Consolidation, May 16, 1887, of the Nash-
ville and Florence and the Tenn. & Ala. RR. Cos. (See
Manual for 18SH>.) The tracks of the Memphis ana
Charleston RR. are used from Florence to Sheffield,
Ala., 3.27 miles. Cars — passenger, 2; freight, 463.
Operations Included in those of the L. & N. RR. Co.
Earnings, year ending June 30. 1897. $249,814. Ex-
penses and taxes, $181,592. Net earnings, $68,222.
Paid interest on bonds, $104.800; other charges.
$49,848— total, $154.648. Deficit, $86,426. Capital
stock (par, $100), $872.225; funded debt, 1st mtge. 5
p. c. gold coup, and reg. 50-yr. $1,000 bonds, due Aug.
1, 1937, interest Feb. & Aug. ($2,500.000 auth.). $2,-
096.000; unfunded debt, $874.235— total, $3,842,460.
Contra: Cost of road, etc., $2,812,999; profit and loss,
$1,029.461— total, $3.842,460. Bonds are secured on
main line and branches. Interest payable at 120
Broadway, New York, N. Y. The L. & N. RR. Co.
owns a majority of the stock, and guarantees (by
endorsement) principal and interest of the bonds.
Trustee of bonds: Central Trust Co., New York, N.
Y. Registrar of bonds: Louisville and Nashville RR.
Co. M. H. Smith, Pres., Louisville, Ky.: A. M.
Quarrier, Vice-Pres., New York, N. Y. ; J. H. Ellis,
Sec., Louisville, Ky.

SHEFFIELD AND TUSCUMBIA RR.— Sheffield
to Tuscumbia, Ala. ,2.63 miles. Organized as u street
railway company, Jan. 6, 1887; sold in April, 1895,
and purchased by the L. & N. RR. Co., by whom it
was rebuilt and leased to the Nashville, Florence and
Sheffield Ry. Co. for 20 years from March 9. 1896, at
a nominal rental of $100 per annum. M. H. Smith,
Pres.; J. H. Ellis, Sec., Louisville, Ky. General
Office, Louisville, Ky.

Board of Directors, Louisville and Nashville RR. Co., elected Oct. 6, 1897.
AUGUST BELMONT, Chairman of the Board. .. New York, N. Y.

Attilla Cox Louisville, Ky.

Rudolph Ellis Philadelphia, Pa.

H. E. Garth New York, N. Y.

P. A. Horsey .

Henry Hentz New York, N. Y.

John L. Helm.. .Elizabethtown, Ky.

G. M. Lane Boston, Mass.

J. D. Probst New York, N. Y.

W. G. Raoul New York. N. Y.

Milton H. Smith Louisville, Ky.

J. D. Taggart "

John I. Waterbury.. New York, N. Y.

M. H. SMITH, President Louisville, Ky.

1st Vice-President— Stwirt R. Knott Louisville, Ky. Treasurer— Wm. W. Thompson Louisville, Ky.

2d Vice- President— A. M. Quarrier New York, N. Y. . Secretary— J. H. Ellis '• "

Comptroller— Gastaaan Quarrier Louisville, Ky.

PRINCIPAL OFFICE AND ADDRESS . . .Corner Main and Second Sts., Louisville, Ky.
New York Office Equitable Building, 120 Broad way.

62-i POOR'S MAS UAL OF RAILROADS— RAILROAD "SYSTEMS."

NASHVILLE, CHATTANOOGA AND ST. LOUIS EAILWAY.

(For map of this system see page 525.)

Main Line of Road.— Chattanooga, Tenn., to Hickman, Ky 320.21 milea

Shdbumlle Branch : Wartrace, Tenn., to Shelby ville, Tern. 8.01 m.

Seguatchie Valley Branch : Bridgeport, Ala., to Pikeville, Tenn 63.13 m.

Fayettemlle and Columbia Branch : Decherd to Columbia, Tenn 86.47 m.

Huntsmlle & \ Elora, Tenn., via Huntsville, Ala.,'to Tenn. Riv 42.58 m.

Gadsden Br. : \ Guntersville to Gadsden, Ala 37.63 m.

McMinnmlle Br.: Tullahoma to Bon Air Coal Co.'s Mines, Tenn 68.96 m.

Tracy City Branch : Cowan, Tenn., to Tracy, Tenn 20.73 m.

Lebanon Branch : Nashville, Tenn., to Lebanon, Tenn 29.21 m.

Centreville Branch : Dickson, Tenn, to Allen's Creek, Tenn 65.94 in.

Home RE.: Kingston to Rome, Ga 18.15 m.

West Nashville Branch : Nashville, Tenn., to West Nashville, Tenn. 6.22 m.— 447.07
Leased : Western & Atlantic RE.: Atlanta, Ga., to Chattanooga, Tenn 136.82

Total length of roads operated, June 30, 1897 904.10 miles.

Sidings (owned, 158.85 m. ; leased, 55.47 m.), 214.32 miles. Gauge, 4 ft. 9 in. Kail (steel-
owned, 724.90 m. ; leased, 136.82 m.— total, 861.72 m.), 35 to 68 Ibs.

History. — Consolidation in 1873 of the Nashville and Chattanooga and the Nashville and
Northwestern RR. Cos. (See MANUALS for 1888 and for subsequent years.) The capital stock of
the Rome RR. Co was purchased in Oct., 1894, and in Dec., 1896, that company was merged
into the N., C. & St. L. Ry. Co. During the past fiscal year some slight changes were made
in the mileage of the Sequatchie Valley, Centreville, and West Nashville branches, reducing
the total length 1.52 miles.

The AVest, & Atl. RR. is leased for 29 years from Dec. 27, 1890, at a rental of $35,001 per
month. The Memphis & Charl. RR. Co. uses the company's tracks from Stevenson, Ala., to
Chattanooga, Tenn., 38m.; rental, $60,000 yearly ; contract terminates upon 2 years' notice
by either party. Under a 33-yr. agreement, dated Jan. 18, 1881, the Ala. Gt. So. RR. Co.
uses the tracks from AVauhatchie to Chattanooga, 5m., at an annual rental of $14,400.

The railroads formerly known as the Paducah, Tennessee and Alabama RR. and the Ten-
nessee Midland Ry. have been operated by this company since Jan. 1, 1896. Their opera-
tions are not included in this statement, but are shown separately on page 527.

At the annual meeting held Sept. 15, 1897, the directors were authorized to purchase the
railroad and properties of the Middle Tennessee and Alabama Ry. Co. for the sum of $300,-
000 of N., C. & St. L. Ry. 1st consol. mtge. 5 p. c. bonds, and to execute and issue upon the 32
miles of completed road (from Fayetteville toward Decatur, Ala.) of the Middle Tennessee and
Alabama Ry., 1st consol. mtge. bonds of this company to an amount not exceeding $20,000
per mile of finished railroad, for the purpose of paying for and completing the construction
of those 32 miles of railroad.

Rolling Stock, June 30, 1897.— Locomotives, 169. Cars— passenger, 110 ; baggage, 35 ;
postal, 10 ; freight (box, 2,287; stock, 104; coal, 1,144; flat, 513; ore, 50; coke, 206;
caboose, 177 ; gravel, 25), 4,506 ; other, 16— total, 4,677.

Operations, year ending June 30, 1897.— See tabulated statement on page 526.
Earnings— Passenger $1,077,422 82

Freight 3,666,739 80

Mail and Express 235 313 74

Rents 136,64208

Total ($5,658.77 per mile) $5,116,118 44

Expenses— Conducting Transportation $2,064,023 37

Maintenance of Way 619,550 39

Maintenance of Equipment 359,983 52

General 161,11427

Total ($3,544.60 per mile) $3,204,671 55

Net earnings (37.37 p. c.), $1,911,440.89; add interest and dividends, $18,752.12; other
receipts., $2,481.58— total, $1,931,508.79. Payments : Interest, $962,780 ; rentals (W. & A.
RR.), $420,012 ; taxes, $125,639.75 ; dividends (payable Feb. May, Aug. and Nov., 1 p. c. each,
in New York and in Nashville), $400,000— total, $1,908,431.75. Surplus, $3,015.14 ; surplus
forward, $1,505,450.57— total, $1,508,465.71. Deduct depreciation in value of bonds, stocks
and accounts, $469,390.26. Balance as per general balance sheet, $1,039,075.45.

525

526 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Statement of operations, capital accounts, etc., for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Mill's Operated (Aver.)
Passenger Train Mileage...
Freight Train Mileage

652.17
827.473
1,492,969

722.65
958,930
1,822,601
425,138
4,048,373
1,208,208
42,085,241
3,003,585
313,755,317

S
1,123,904
3,336,726
277,275

810.00
1,220,867
2,315,965
252,262
4,856,332
1,218,394
47,176,243
3,614,787
367,174,439

$
1,211,545
3,801,905
339,838

810.00
1,258,829
2,131,490
279,991
4,605,202
1,163,104
46,768,916
2,851,196
333,538,356
S

1,199,339
3,560,163
372,277

884.09
1,157,632
1,823,351
354,926
4,091,313
934,065
40,281,531
2,380,043
296,653,513

$

1,027,327
3,126,725
367,610

8«7.69
1,137.229
2,069,766
394,775
4,354,559
916,691
36,595,756
2,746,340
354,158,904
S
965,435
3,279,709
363,358

902.00
1,325,077
2,390,099
371,978
5,030,624
1,092,388
56,842,666
3,120,897
381,944,743
$
1,229,653
3,481,387
363,585

904.10
1,323,074
2,460,307
331,021
5,074,963
1,089,921
45,108,931
2,879.648
385,637,662
$
1,077,423
3,666,740
371,955

Total Engine Mileage

.2,320,442
918,343
33,195,832
2,133,393
315,080,699

$
868,039
2,463,300
219,222

Other Earnings

Gross Traffic Earnings ....
Working Expenses

3,550,461
2,139,851

4,737,905
2,983,837

5,353,288
3,334,280

5,131,779
3,139,405

4,521,662
2,671,179

4,608,502
2,726,360

5,074,625
3,164,350

5,116,118
3,204,671

Net Traffic Earnings

1,410,610

1,754,068

214,522
914,799
142,617
(5) 333,428
148,702

6,556 29
4,129 02
2,42727
62.98 p, c.
2.62 c.
1.06C.

652.17
762.16
575.14
128
73
32
3,961
$
6,668,613
12,904,000
2,164,138
465,685
333,610
2,751,401

2,029,008

420,013
950,516
118,111
(5) 500,000
40,369

6,609 00
4,104 06
8,50494
62.09 p. c.
2.52 c.
1.03 c.

672.62
786.51
596.86
161
108
44
4,401
$
10,000,000
14,154,000
1,546,844
531.552
332,350
1,281,237

1,992,374

420,012
1,012,331
51,355
(5) 500,000
8,677

6,33553
3,875 71
2,459 72
61. 17 p. c.
2.31 c.
0.93 C.

672.62
797.88
671.41
161
108
46
4,508
$
10,000,000
14,783,000
550,617
453,273
331,750
1,309,168

1,850,482

420,012
1,022,571
25,537
(24)250,000
132,362

5,109 22
3,018 28
2,09094
59. 08 p. c.
2.50 c.
1.05 c.

747.27

1,882,142

420,012
1,077,425
21,859
(4) 400,000
df. 37,154

5,109 20
3,022 57
2,08663
59. 16 p. c.
2.58 c.
0.93 C.

765.42
906.64
701.55
163
108
42
4,474
$
10,000,000
14,923,000
1,029,250
448,055
330,550
1,472,424

1,910,275

420,012
1,078,470

1,911,447

420,012
1,088,420

Rentals

873,388
85,882
(5) 333,428
117,912

5,445 49
3,281 98
2,163 51
fiO.27 p. c.
2.57 c.
1.15c.

648.95
756.14
553.64
109
57
27
2,455
$
6,668,613
12,307,000
355,875
306,831
333,610
2,463,239

(4) 400,000
11,793

5,625 97
3,508 15
2,11782
62. 85 p.c.
2.12 C.
0.91 C.

768.80
920.83
724.58
165
108
42
4,511
$
10,000,000
14,917,000
1,260,480
486,356
326,430
1,505,451

(4) 400,000
3,015

5,658 77
3,54460
2,114 17
6-3.63 p.c.
2.34 C.
0.96 c.

767.28
926.13
724.90
169
110
45
4,522
$
10,000.000
15.397,000
1,233,240
583,164
335,830
1,039,075

Gross Earnings per Mile —
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Earnings p. Pass. p. Mile. . .
Earnings p. Ton p. Mile. . .

Miles Owned

Miles of Tract

Miles Steel Rail

675.72
161
108
43
4,479
S
10,000,000
14,923,000
768,718
356,827
331,150
1,456,804

Locomotives

Passenger Cars

Baggage, Mail, and Express
Freight and Other Cars

Capital Stock ....

Funded Debt

Bills Payable and Loans . . .
Accounts, Pay Rolls, Int., etc.
Coupons, due July 1 .

Profit and Loss

Total Liabilities
Railroads and Outfit

22,435,168

31,236,843
54,129
395,477
164,282
168,237
416,200

25,287,447

23,174,713
49,129
895,477
358,776
. 267,354
541,998

27,845,983

23,950.374
56,607
2,040,572
368,562
705,017
724,851

27,427,808

24,734,928
55,447
893,572
253,770
933,153
556,938

27,836,499

25,082,609
55,447
937,493
205,526
1,027,968
527,456

28,203,279

25,200,821
55.447
1,680,637
191,473
484,451
590,450

28,495,717

25,257,874
127,543
1,662,047
299,394
501,851
647,008

28,578,309

25,772,683
133,019
1,168,425
283.375
551,060
669,747

Real Estate

Stocks and Bonds

Supplies and Materials
Assets and Accounts

Cash

Total Property & Assets

22,435,168

25,287,447

27,845,983

27,427,808

27,836,499

28,203,279

28,495,717 28,578,309

Statement of funded debt outstanding, June 30, 1897:

PROPERTY MORTGAGED.

CHARACTER
OF BONDS.

Road and Location.

£
"S>

of
Issue.

»
a
«

Interest
Payable.

Principal
Payable.

of
Bonds.

Annual
Charge.

hJ

lot Mtge . . .
2d Mtge
1st Mtge

See below
Chattan'ga, Tenn., to Hickman, Ky !
Jasper to Victoria, Tenn .

340.22
320.21
7 50

1873
1881
1876

p.c.

6

8

J. & J.
J. & J.
J. & J.

July 1, 1913
Jan. 1, 1901
July 1, 1906

$
6,300,000
1,000,000
90,000

$

441,000
60,000
7,200

1st Mtge. ...

See below . .

23 50

1883

g

J & J

Jan 1 1923

371 000

22 260

1st Mige

Nashville to Lebanon, Tenn.

29.21

1881

6

J. & J.

Oct. 1, 1917

300,000

18.000

1 st Mtge
M Mtge
1st Mtge

See below
Columbia to Fayetteville, Tenii ! ! !

Dickson to Lewis Co. Line, Teim...

133.86
47.92
46.46

1878
1881
1882

6
0

J. & J.

M.&N.
J. & J.

July 1, 1917
Nov. 1, 1909
Jan. 1, 1923

750,000
22,000
376,000

45,000
1,320
22,560

1st Mtge

Cowan to Tracy City, Tenn ....

20 00

1887

6

J. & J.

j Jan. 1, 189«

' 480 000

28,800

1st Mtge

Sparta to Bon Air, Tenn

6 75

1887

J & J

1 Jan. 1, 1917
July 1 1917

114 OOC

6 840

1st Con. Mtge.

Maiu Line and Branches

747.27

1885

5

A & O

Apr. 1, 1928

5 594 000

279 700

Total

15,397,000

932,680

POOR'S MANUAL— NASHVILLE, CHATTANOOGA AND ST. LOUIS SYSTEM. 527

The 1st mtgf. 7s of 1913 are secured on the main line, 320.21 m., the Shelbyville Branch, 8.01 m., and 12
m. of the Jasper Branch, from Bridgeport to Jasper. They are coupon bonds of $1,000 each. Trustees: Adrian
Iselin, V. K. Stevenson, R. T. Wilson, New York, N. Y.

The Zd mtgc. 6s of 1901 are coupon bonds of $1,000 each. Trustee: Central Trust Co. of New York.

The 1st mtge. Jasper Brunch 6s of 1923 are secured on the extensions of the Jasper Branch from Vic-
toria to Inman, 5.5 m., and from Victoria to Dunlap, 18 miles. They are coupon bonds of $1,000 each. Trus-
tee: Central Trust Co. of New York.

The 1st mtge. Lebanon Branch 6s of 1917 are $1,000 coup, bonds. Trustees: V. K. Stevenson and
Walston H. Brown, New York.

The 1st mtgc. 6s of 1917 are secured on the Fayetteville Branch, 40 m. ; Huntsville to Elora, 25.58 m. ;
and the McMinnville Branch, 68.28 miles. Authorized issue, $6,000 per mile. They are $1,000 coup, bonds.
Trustees: Adrian Iselin and B. T. Wilson, New York.

The consols are secured on the entire railroad, main line and branches. The authorized issue is $20,000,-
OCO, a sufficient amount of which is reserved for retirement of prior liens. They are $1,000 gold bonds, in
coup, form, with provision for registration of principal. Trustee: United States Trust Co. of New York.
During the past fiscal year $500,000 of these bonds were issued — $360,000 for the acquisition of the Rome RR.,
$86,000 for the construction of the Swan Creek Extension and $54,000 for the extension of the West Nashville
Branch.

The 1st mtgc. 6s of 1887, secured on the Tracy City Branch, are payable $20,000 yearly on the 1st of Jan.,
1898 to 1916, and $100,000 on Jan. 1, 1917.

Interest on bonds payable at the Continental National Bank, New York, N. Y.

Under date of Jan. 1, 1895, $650,000 of 5 p. c. gold income mtge. bonds were issued to reimburse the
company for renewals and improvements made on the Western and Atlantic RR. The bonds are secured by
mtge. or deed of trust on the net earnings and incomes of the Western and Atlantic RR., on the leasehold
interest of the N., C. & St. L. Ry. in that road, on $500,000 State of Georgia bonds deposited under the lease
and on all property acquired or to be acquired by the N., C. & St. L. Ry. in connection with the lease. The
bonds are for $1,000 each, in coupon form; dated Jan. 1, 1895, and payable $26,000 yearly from Jan. 1, 1896 to
1920. Principal and interest payable in New York. Trustee: Central Trust Co. of New York. There are
$572,000 of these bonds in the treasury of the company; the rest of them have been cancelled.

Income, etc., Supplementary Statement, 11 months ending May 31, 1898 and 1897 :

1898

1897

1898

1897

Gross Earnings

J

5,224,263 31

94

Net Earnings

1,825,088 66

S

1 731,54727

Operating Expenses

3,399,174 65

2,921 ;329 67

Interest

889 181 62

882 139 94

Net Earnings

1.825,088 66

1,731.54727

Taxes

125,437 90

115 00063

Expenses to Earnings. . . .

65.07 p. C.

62.79 p. C.

Rental, W. & A RR

885011 00

385011 00

Balance, Surplus

425,458 14

349 395 70

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $25,772,683 18

Materials and Supplies 283,375 01

Sundry Stocks and Bonds 1,168,425 32

Real Estate (not used for RR. purposes).

Current Accounts

Bills Receivable

Cash in Hands of Agents.
Cash on Hand

133,018 89
451,847 73
99,212 41
133,990 88
535,756 15

Capital Stock (par, $100) $10,000,000 00

Funded Debt 15,397,000 00

Bills Payable 1,233,23995

325,830 00
23,264 71
77,112 92
99,999 91

Interest due July 1, 1897.

Interest and Dividends Past Due

Accrued Interest not yet Payable

Dividend No. 67

Current Liabilities: Accounts, Balances,

etc

Profit and Loss 1,039',075 45

Total Assets $28,578,309 57 Total Liabilities $28,578,309 57

A majority of the capital stock is owned by the Louisville and Nashville RR. Co., and ia
pledged among the collaterals for that company's unified mtge. loan.

RAILROAD LEASED BY THE N., C. & ST. L. RY. Co. AND OPERATIONS INCLUDED IN THE
STATEMENT FOB THAT COMPANY.

Western and Atlantic RR.— Atlanta, Ga.,
to Chattanooga, Tenn., 136.82 m.; sidings, etc., 55.47
miles. Rail (steel, 136.82 m.), 56 and 68 Ibs. Built
by the State of Georgia in 1841-50. Leased to the
N., C. & St. L. Ry. Co. for 29 years from Dec. 27,
1890, at a rental of $420.012 per annum. Kolling
Stock.— Locomotives, 15. Cars— passenger, 25: postal,
5: bagsrage, 7; freight (box, 16: coal. 100), 116— total,
153. Earnings, year ending June 30, 1897, $1,574,-

323. Expenses. $989,915. Net earnings, $584,408.
Payments: Rentals, $420.012; interest, $36,000;
taxes, $9,036— total, $465,048. Surplus, $119,360.
Estimated value of road and property at date of
lease, $6,164,576. J. L. McCollum, Supt.; J. M.
Brown, Traffic Mgr. ; J. L. Dickey, Gen. Fgt. Agt.;
C. E. Harmon, Gen. Pass. Agt., Atlanta, Ga. Gen-
eral Office, Atlanta, Ga.

RAILROAD LEASED BY THE N., C. & ST. L. RY. Co. BUT OPERATIONS NOT INCLUDED IN
THE STATEMENT FOR THAT COMPANY.

Memphis and Padncah Division.— Mem-
phis, Tenn., to Paducah. Ky., 229.59 m.; branch,
Perryville to Lexington, Tenn., 24.15 m.— total, 253.74
m. ; total track (steel; 56 and 60 Ibs.), 276.93 miles.
Gauge, 4 ft. 8i in. Formerly known as the Paducah,
Tennessee and Alabama RR. and the Tennessee Mid-
land Ry. (See Manual for 1897, page 507.) Pur-
chased in 1895 by the Louisville and Nashville RR.
Co. and the operation of them assigned to the N.,

C. & St. L. Ry. Co. as of Jan. 1, 1896, A lease of
the roads to the N., C. & St. L. Ry. Co. was executed
in Sept., 1896. The results of the operation of the
lines for the eighteen months ending June 30. 1897,
were as follows: Gross earnings, $774,135. Total ex-
penses, $793.421; less Improvements paid by lessor,
$251,201; balance, being working expenses, $542,220.
Net earnings, $231,915. Charges: Taxes, $31,603;
rental, $236,688— total, $268,291. Deficit, $36,376.

528

POORS MANUAL OF EAILROADS — RAILROAD "SYSTEMS."

RAILROAD PURCHASED BY THE N., C. & ST. L. RY. Co. SINCE THE CLOSE OF- THE FISCAL

YEAR.

Middle Tennessee and Alabama RR--

Projecte.l Line: Deontur, Ala., to Shelbyville. Tenn.
78 miles. Completed: Jan. 1, 1897: Fayetteville
Tenn.. to Jefferson, Ala., 30.44 miles. Sidings etc.
0.94 niile. Gauge. 4 ft. 8* in. Rail (steel , 56 Ibs
For history see Manual for 1897. Purchased in Oct.

1897, by the X., €. & St. L. Ry. on terms given in
the statement of that company, page 524. Loco-
motives, 3. Cars— freight (box. 4; flat, 45), 49;
caboose, 1— total. 50. In addition, the company leases
1 passenger and 1 baggage, etc., car.

Board of Directors, N., C. & St. L. Ry., elected Sept. 15, 1897.

,T. W. Thomas Nashville, Tenn.

A. II. Robinson.
E. W. Cole . . . .

E. C. Lewis

J. HillEakin ..

N. C. Collier . .Murfreesboro', Tenn.

M. H. Smith Louisville, Ky.

E. L. Jordan ..Murfreesboro', Tenn.
J. G. Aydelott . . .Tullahoma, Tenn.
W. A. Goodwyn . . .Nashville, Tenn.
J. B. Richardson . . "

E. W. Thompson ..Nashville, Tenn.

G. M. Fogg

J. E. Washington . . Cedar Hill, Tenn.
J. H. Fall Nashville, Tenn.

J. W. THOMAS, President and General Manager Nashville, Tenn.

Sec. & Treas.—3. H. Ambrose Nashville, Tenn. | Comptroller— 3 '. D. Maney Nashville, Tenn.

PRINCIPAL OFFICE AND ADDRESS Nashville, Tenn.

Leased
and Pro-
prietary
Lines:

Lines
Operated

MICHIGAN CENTRAL RAILROAD COMPANY.

Main Line of Road.— Kensington, 111., to Detroit, Mich 270.07 miles.

Trackage: Illinois Central RR.: Kensington to Chicago, 111 14.00 "

Mich. Air-Line RR.: Jackson, Mich., to South Bend, Ind.115.16 m.

Jackson, Lansing and Saginaw RR. (see page 531) 322.90 m.

Grand Rii-er Valley RR.: Rives June, to Grand Rapids. 83.79m.
Kalamazooand South Haven RR. : Kalamazoo to So.Haven. 39.50 m.
Joliet and North. Indiana RR.: Lake, Ind., to Joliet, 111. . 45.00 m.
Saginaw Bay & Northwestern and Branches (see page 532) 82.63 m.
Detroit and Ba>/ City RR. and Branches (see page 531). .155.00 m.
Bay City and Battle Creek Ry.: West Bay City to Midland. 18.00 m.
Battle Creek and Sturgis Ry. : Battle Creek to Findley. . . 33.80 m.
Detroit, Delray and Dearborn RR.: Delray to Dearborn. ., 4.84 m.

Terminal RR.: Chappell to Union Stock Yards 10.16 m.

State Line to Grasselli 15.60 m.— 916.22 "

(Canada, South.Ry.: Windsor.Ont., to Suspension Bridge.226 18 m.
Tol., Can. South. & Det.Ry.: West Detroit toCan.So. Jc. 55.87 m.

Toledo Belt Line 3.05 m.

Canada Southern Bridge: Slocum June, to Stony Island. 3.66 m.

-{ Mich., Midland & Canada Ry.: Lenox to St. Clair 14.68 m.

Canada Southern Ry. Branches (see statement on p. 532). 102. 46 m.
Sarnia, Chatham & Erie Ry. : Petrolia June, to Petrolia. 7.00 m.

Erie and Niagara Ry.: Niagara to Old Fort Erie 30.60 m.

L Leamington and St. Clair Ry.: Comber to Leamington. 13.80 m. — 457.30 "

Total length of all lines operated Dec. 31, 1897 1,657.59 miles.

2d track (M. C. RR., 138.4 m.; C. S. Ry., 95.21 m.; J.,L. & S. RR., 3.22m.; D. & B. C. RR.,
4.77 m.; T. C. S. & D. Ry., 2.35 m. ; T. RR., 10.16 m.), 254.11 m.; sidings (M. C. System,
690.5-2 m.; C. S. System, 234.91 m.), 925.43 m.; total track (steel, 2,632.81 m.; iron, 190.32
m.), 2,8'.)3.13 miles. Gauge, 4 ft. 8^ in. Rail, 56 to 80 Ibs.

History.— Chartered in 1846, and purchased from the State of Michigan the road from
Detroit to Kalamazoo, 144 miles. The extension to Kensington was put in operation in May,
1852. (See MANUAL for 1893.) At Kensington it connects with the Illinois Central RR.,
using 14 m. of that line to reach Chicago. For terms under which the leased and operated
lines were acquired, see the statements for the several companies.

During 1896 arrangements were consummated for the acquisition by this company of im-
portant terminals and belt line facilities at Chicago and Enst Chicago, under which it will
have its own direct connection with the Stock Yards at Chicago, and with a belt line around
the city, intersecting all lines entering Chicago. There has been expended on this account
$725,000, for which bonds bearing 4 p. c. interest from Jan. 1, 1897, have been issued and sold.

In April, 1898, an agreement was entered into providing for the exchange of this com-
pany's capital stock for New York Central and Hudson River RR. Co.'s 3A p. c. 100-yr. gold
bonds, on the basis of $115 in bonds for $100 in stock. (See GENERAL INDEX for N. Y. C.
& II. R. RR. Co.)

POOR'S MANUAL — MICHIGAN CENTRAL RR. CO.

529

Rolling Stock, Dec. 31, 1897.— Locomotives (M. C., 310; C. S., 151), 461. Cars as follows:

PASSENGER EQUIPMENT.

M. C. R. C. S. R. Total.

First Class Cars 120

Second Class and Smoking Cars. 30

Pass., Baggage and Mail Cars. . 17

Baggage, Mail and Express Cars. 13

Baggage and Express Cars 43

Postal Cars 14

Dining Cars 8

Buffet Cars 1

Total.

246

51

21

7

4

26

1

117

171
51
24
17
69
15
11
5

FREIGHT EQUIPMENT.
M. C. R.

Box Cars 5,582

Stock Cars 658

Refrigerator Cars 84

Platform Cars 2,386

Coal Cars 398

Oil Cars

Way Cars 173

Boarding Cars 39

Tool Cars 99

Stone Cars... 1

C. S. R. Total.
2,814 8,396

299

34

376

139

40

80

8

24

957
118
2,762
537
40
253
47
123
1

9,420 3,814 13,234

Total Car Equipment 9,666 3,931 13.597

Operations, for year ending Dec. 31, 1897. — See tabulated statement below.

Earnings- Passenger $3,358,158 99

Freight 9,450,556 59

Mail 429,95064

Express 405,735 12

Miscellaneous 52,83797

Expenses— Transportation $6,151,670 04

Maintenance of Equipment 1,440,946 30

Maintenance Way and Bldgs. . . 2,008,318 49

General 318,258 78

Taxes 330,316 71

Total ($8,263.35 per mile) $13,697,239 31 Total ($6,183.38 per mile) $10,249,510 32

Net earnings (25.17 p. c.), $3,447,728.99. Deduct interest and rentals, $2,415,023.59.
Residue, $1,032,705.40. Paid the Canada Southern Ry. Co. its proportion of the net income,
as per agreement, $282,402.16. Net revenue from traffic, $750,303.24; add income from in-
vestments, $44,619.50 — total net revenue ($4.24 per share), $794,922.74. Paid dividends (2 p.
c. each, Aug. 1, 1897, and Feb. 1, 1898), $749,520. Balance, surplus, $45,402.74.

Operations, traffic and revenue, and capital account for seven years, endJng Dec. 31 :

1891

1892

1893

1894

1895

1897

1897

Miles of Railroad

1,609.22
4,879,154
7,103,151
3,511,884
202,290,934
7,221,002
1,368,203,335
$
4,548,995
9,876,307
737,658

1,638.52
5,137,350
7,856,386
3,550,701
203,307,927
7,689,798
1,549,850,793
$
4,495,600
10,596,511
816,182

1,633.52
5,453,473
6,843,164
3,303,655
285,883,620
6,805,574
1,356,110,695
$
6,069,882
9,224,356
883,793

1,633.52
4,615,844
6,296,886
2,649,715
154,995,516
6.175,215
1,210,387,370
S
3,499,346
8,314,026
770,641

1,642.15

4,668,388
6,918,254
2,663,141
168,092,843
7,470,951
1,487,989,830
$
3,672,502
9,K7,964
800,955

1,642.37
4,709,613
6,774,479
2,564,059
156,317,124
7,276,270
1,480,251,521
$
3,545,656
9,412,462
853,496

1,657.59
4,636,766
6,993,021
2,456,261
154,405,319
7,627,176
1,533,606,067
$
3,358,159
9,450,556
888,524

Passenger Train Miles. .
Freight Train Miles
Passengers Carried
Passenger Miles

Freight (tons) Moved . .
Freight (ton) Milea

Passenger Earnings. . . .
Freight Earnings

Miscellaneous
Gross Traffic Earnings. .
Expenses and Taxes . . .
Net Traffic Earnings. . .
Interest Paid

15,162,960
11,10T,569

15,908,293
12,046,095

16,178,031
12,287,792

12,584,013
9,144,108

13,651,421
10,183,231

13,821,614
10,392,350

13,597,239
10,249,510

4,055,391
660,000
1,594,977
631,086
(5i)l, 030,601
138,727
9,42249
6,902 46
2,52003
73.25 p. c.
2.249 C.
0.722 c.
270.07
*421
*215
*86
*13,551

18,738,204
18,376,000
2,401,890
6,905,820

3,862,198
660,000
1,560,054
565,022
(51)1,030,601
46,799
9,749 40
7,382 39
2,367 01
75.72 p. C.
2.211 e.
0.684 c.
270.07
*429
*254
*89
*13,760
$
18,738,204
18,376,000
2,349,298
6,999,140

3,890,239
660,000
1,557,494
640,953
(51)1,030,601
46,976
9,903 79
7,522 28
2,381 51
75.95 p. c.
2.123 c.
0.680 C.
270.07
*461
*262
*98
*13,761

18,738,204
18,376,000
2,401,253
7,046,116

3,439,905
660,000
1,556,875
472,118
(4) 749,528
46,034
7,703 72
5,597 79
2,105 83
72.66 p. c.
2.258 C.
0.687 c.

270.07
*461
*262
*98
•13,761

18,738,204
18,376,000
2,355,398
7.092,150

3,468,189
660,000
1,557,891
489,025
(4) 749,520
11,753

8,313 14
6,201 16
2,111 98
74.59 p. C.
2.252 C.
0.617 c.
270.07
*461
*262
*98
*13,027
$
18,738.000
18,376,000
2,347,676
7.152,980

3,429,264
660,000
1,550,255
480,784
(4) 749,520
Def. 11,295
8,415 65
6,327 65
2,08800
75. 19 p. c.
2.268 c.
0.636 c.

270.07
*461
*262
*101
*13,224
$
18,738,000
18,376,000
2,522,834
7,181,370

3,447,729
660,000
1,570,714
466,712
(4) 749,520
783
8,263 35
6,18338
2,07997
74. Si p.c.
2.175 c.
0.616 c.
270.07
*461
*262
+101
*13,234
S
18,738,000
19,026,000
2,481,861
7,226,773

Interest Leased Lines. .
Rental, etc., L's'd Lines.
Dividends

Balance, Surplust
Gross Earnings p. Mile.
Gross Expenses p. Mile.
Net EarningsperMile..
Expenses to Earnings. .
Av. Rate p. Pass. p. Mile
AT. Rate p. Ton p. Mile.
Miles of RR. Owned....
Locomotives

Passenger Cars

Bagsrage, Mail, etc. .Cars
Freight etc., Cars

Capital Stock

Funded Debtj

Bills & Accts. Payable
Inc. Balance (P. & L.). .
Total Liabilities....
Construct'n Main Line.
Construct' n Brch. Lines
Investments, etc

46,421,914
31,083,186
11,254,055
608,686
1,139,432
666,695
1,769,860

46,462,642
31,116,257
11,262,154
608,680
1,245,972
719,356
1,510,217

46,561,573
31,116,257
11,262,154
610,696
1,039,084
822,918
1,710,464

46,561,752

31,116,257
11,262,154
670,696
1,207,601
903,177
1,401,867

46,614,656
31,116,257
11,262,154
670,696
1,318,645
774,588
1,442,315

46,818,204
31,116,257
11,373,873
670,696
1,661,358
1.246,822
749,198

47,472,634
31,116,257
12,122,894
670,786
1,393.220
866,380
1.303,097

Fuel and Supplies
Accounts Receivable. . .
Cash and Other Assets. .
Total Assets

46.421,914

46.462,642

46.561,573

46,561,752

46,614,656

46,818,204

47,472,634

* Includes Canada Southern, t Exclusive of receipts from interest, dividends, etc. See Income Account.
% Includes $8,376,000 Michigan Central bonds, secured by mtges. on leased lines.
34

530

POOR'S MANUAL OF EAILROADS — RAILROAD "SYSTEMS.'

Income Account, year 1897.

Balance from 1896 $2,572,29796

Earnings $13,697,239 31

Less Expenses and Taxes. . 10,249,510 32— 3,447,728 99
Income from Investments 44,619 50

Total $6,064,646 45

Interest, Main Line $660,00000

Interest, Leased Lines 586,695 20

Rental, Leased Lines 184,310 00

Interest, Canada Southern 984,018 39

C. S. Ry. Proportion Income per Agreem't 282,402 16

Dividends, 4 p. c 749,520 00

Balance, Surplus, Dec. 31, 1897 2,617,700 70

Total . . ,

General Balance Sheet, Dec. 31, 1897.

Construction ............................. $43,239,151 42

Main Line ................ $31,116,257 09

Proprietary Lines ____ ____ 4,677,56091

Leased Lines .............. 7,445,333 42

Investments .............................. 670,786 25

Fuel and Supplies ....................... 1,393,219 88

Accounts Receivable
Uncollected Earnings
Cash

866,380 24
408,985 52
894,111 13

Total Assets $47,472,634 44

Capital Stock (par, $100) $18,738,000 00

Funded Debt (see statement following) . . 19,026,000 00

Accounts Payable 1,826,717 76

Accrued Interest of 1897, Payable in 1898. 280,383 67

Dividends Payable Feb. 1, 1898 374,760 00

Income Account 7,226,773 01

To Jan. 1, 1879 $4,609,072 31

From Jan. 1, 1879. 2,617,700 70

Total Liabilities $47,472,634 44

Statement of funded debt of main and leased lines, bonds guaranteed, annual charges
nn<1 rental payable, Dec. 31, 1897 :

DESCRIPTION'.

Date of

Issue.

Date of
Maturity.

Amount.

Rates.

Interest.

Michigan Central Bonds :

Jan. 1,1890
Nov. 1, 1889
May 1, 1872
Nov. 1, 1884
Sept. 1, 1879
Mch. 1,1886
Mch. 1, 1881
July 1, 1896

Jan. 1, 1940
Nov. 1, 1939
May 1, 1908
May 1, 1902
Sept. 1, 1909
Sept. 1, 1909
Mch. 1, 1931
July 1, 1941

S
2,600,000
700,000
8,000,000
2,000,000
500,000
1,000,000
3,576,000
725,000

4 p. c., J. & J.
5 p. c.,M. & N.
7p. c.,M. & N.
5 p. c., M. & N.
6 p. c.,M. &N.
6 p. c.,M. & N.
5p.c.M.J.S.,&D
4 p. c., J. & J.

$

104,000 00
35,00000
560,00000
100,000 00
30,00000
60,00000
178,800 00
29,000 00

Kalamazoo and South Haven 1st Mtge

Consolidated (1st) Mtge

Consolidated (1st) Mtge. (5 p. c.)

Grand River Valley 1st Mtge. ...

Grand River Valley 1st Mtge

Detroit and Bay City 1st Mtge

Terminal RK. 1st Mtge

Total

19 101 000

1,096,800 00

7,500 00
12,63000
102,700 00
24,560 00
70,000 00
750 00
89,000 00

Leased Line Bonds :
Bay City and Battle Creek 1st Mtge ....

Dec. 1, 1889
Dec. 1, 1889
Sept. 1, 1891

Dec. 1,1989
Dec. 1,1989
Sept. 1, 1901

250,000
421,000
2,054,000

3 p. c., J. & D.
3 p. c., J. & D.
5 p. c., M. & S.
...J & J.

Battle Creek and Sturgis 1st Mtge

Jackson, Lansing and Saginaw Extended Con.
Grand River Valley Rental

Jackson, Lansing and Saginaw Rental

M. & S

Jackson, Lansing and Saginaw Expenses

M. & S.

Joliet and Northern Indiana Rental

J. 10 & J. 10

Total

2,725,000

274.000
150,000

307,140 00

21,920 00
12,000 00

Guaranteed Bonds :
Detroit and Bay City

May 1, 1872
May 1, 1873

May 1, 1908
May 1,1903

8 p. c., M. <fc N.
8 p. c.,M. & N.

Detroit and Bay City (Bridge)

Total

424,000

33,920 00

Total Michigan Central

22 250 000

1,437,860 00

696,250 00
282,500 00
5,200 00

Canada Southern Bonds :
First Mtge....

Jan. 1,1873
Feb. 15, 1883
Oct. 1, 1895

Jan. 1, 1908
Mch. 1, 1913
Oct. 1, 1945

*14,000,000
*6,000,000
130,000

5 p. c., J. & J.

5 p. c., M. & S.
4 p. c., A. & O.

Second Mtge

Leamington and St. Clair Rental

Total Canada Southern

20,130,000

983,950 00

Grand Total ...

2,421,810 00

* These represent the amounts authorized, the interest shown being the amount actually paid during the

j cai .

The consol. mtgc. bonds are for $1,000 each, secured upon the main line (with 89 m. of double track),
i ney are m coupon form, with provision for registration of principal.

eUrand River Valley bonds all bear date Sept. 1, 1979, and are all covered by the same mtge. The

•,',uuo,uuo amount (see bond statement), however, was not issued until March 1, 1886, to provide funds to

'the bonds of the Grand River Vy. Co., which became due on July 1 of that year. These bonds were

I by the M. C. RR. Co., and are secured by a 1st mtge. on the property of the Grand River Vy. RR.,

ichis leased in perpetuity. Trustee: Union Trust Co., New York, N. Y. '

POOR'S MANUAL — MICHIGAN CENTRAL SYSTEM.

531

Michigan Central RR. Co. part of the amount expended by it on the Air-Line RR. ; $200,000 were used in
retiring the 1st mtge. 8 p. c. bonds of the Michigan Air-Line, which matured Nov. 1, 1890, and the remainder,
$200,000, has been added to the " Construction Account of Leased Lines."

The Detroit and Bay City 1st mtge. 5 p. c. bonds were issued by the Michigan Central RR. Co., and
are secured by a 1st mtge. on the property of the D. & B. C. RR. These bonds are in coupon ($1,000 each)
and registered ($1,000 and $5,000) forms. Coupon bonds may be exchanged between March 1 and May 1, or
between Sept. 1 and Nov. 1, for registered certificates. Trustee: Union Trust Co. of New York.

The Canada Southern 1st mtge. bonds are in coupon form, for $1,000 each, and are secured upon the
main line and branches owned, 328.64 m., and upon its proprietary interest in the Canada Southern Bridge
bonds; interest guaranteed for first 20 years by the New York Central and Hudson River RR. Co. The 2d
mtge. bonds are coupon andVegistered, with provision for exchange of coupon bonds for registered certificates
of $1,000, $5,000 and $10,000, and are secured on the Canada Southern RR. and undertaking, and all its
equipment, appurtenances, and property of every kind, as well as upon its proprietary interests in the Erie
and Niagara RR. Co. (road extending from Niagara to Old Fort Erie, 30.60 m.), the Toledo, Canada Southern
and Detroit RR, Co., and the Michigan, Midland and Canada RR. Co., and on any and all branch lines to be
constructed or acquired, and the Bridge over the Niagara River, subject only to the 1st mtge. of $14,000,000.
These bonds are issued in accordance with Section 5 of the first part of an agreement dated Dec. 12, 1882.
between this company and the Michigan Central RR. Co., which provides for certain new lines, improve-
ments, etc.

Interest on all coupon bonds payable at the office of the trustee, Union Trust Co. , New York. Registered
interest is mailed from the Grand Central Station.

The bonds of the Bay City and Battle Creek RR. and of the Battle Creek and Sturgis RR.
are guaranteed by the Michigan Central, but $75,000 Battle Creek and Stargis bonds are sub-
guaranteed by the Lake Shore and Michigan Southern, reducing the obligation of the Michi-
gan Central on account of that issue to $431,000.

Land Department (Jackson, Lansing, and Saginaw RR. Co.). — Lands sold in 1897,
4,517.62 acres, at an average of $6.12 per acre. Received from land sales, $27,666.71 ; from
timber sales, $3,925 — total, $31,591.71. Lands remaining unsold, 226,601.18 acres.

Assets other than lands unsold : Amount due on land contracts, $91,114.76 ; Ledyard,
Pond, and Barnes, trustees, $20,976.88 ; M. C. RR. Co. (Fanners' Loan and Trust Co., New
York, N. Y.), $5,000 ; furniture and fixtures, $1,282.27 ; cash on hand Dec. 31, 1897, $13,239.39
—total, $131,613.30.

Land Income Account for 1897. — Receipts : Cash on hand Jan. 1, 1897, $1,676.68 ; pay-
ments on land contracts and sales, $42,466.73 ; interest, $3,530.44 ; interest (land fund),
$247.66 ; trespass, $150 ; miscellaneous, $36.35— total, $48,107.86. Disbursements : Deposited
with Commercial National Bank of Detroit to the credit of Ledyard, Pond, and Barnes, trustees,
$15,247.66; taxes, $10,954.97; salaries, $6,968.30; explorations, $733.81; miscellaneous,
$963.73 ; balance, $13,239.39— total, $48,107.86.

The rental of the Jackson, Lansing and Saginaw RR. is interest on its bonds, which are
not to exceed $8,000 per mile, and $70,750 annually in addition.

RAILROADS OWNED, LEASED, OR OPERATED BY THE MICHIGAN CENTRAL RR. Co.

that company issuing its 50-yr. 5 p. c. bonds to the
amount of $4.000,000, secured by a 1st mtge. on the
Bay City property. Of those bonds $3,576,000 are
outstanding (see bond statement M. C. RR. on page
530). Cornelius Vanderbilt, Pres.; E. D. Worcester,
Sec. & Treas., New York City.

Detroit, Delray and Dearborn RR.— Del-
ray to Dearborn, Mich., 4.84 m.; sidings, 0.32 miles.
Gange, 4 ft. 8i in. Rail (steel, 4.84 m.), 60 Ibs.
Chartered Sept. 19, 1895, and road opened same year.
It is a proprietary line of the Michigan Central RR.
Co., which owns all of the stock of the company.
Capital stock ($50,000 auth.), paid up, $3,500; float-
ing debt, $42,752— total, representing cost of road,
etc., $46,252. H. B. Ledyard, Pres.; Henry Russell,
Vice-Pres.; A. J. Burt, Sec. & Treas., Detroit, Mich.

Grand River Valley RR.— Rives June.,
Mich,, to Grand Rapids, Mich., 83.79 m. ; sidings,
16.77 miles. Chartered May 4, 1846; road opened
through In the spring of 1870. Reorganized under the
general railroad law of Michigan, April 25, 1894.
.Leased (date of lease Aug. 15, 1870), for 999 years
from that date, the rental being 5 p. c. on stock
($24,560.) Dividends payable 15th Jan. and July, at
Jackson, Mich. Capital stock (auth., $1,000,000;
par, $100), $491,200. This company has no bonded
debt, but two issues of Michigan Central bonds,
amounting to $1,500,000, are s«cured by 1st mtge. on
this road. (See bond statement on p. 530, also;
Manual for 1896, p. 623.) Contra: Cost of road, $2,-
867,054. John M. Root, Pres.; E. W. Barber, Sec. &
Treas., Jackson, Mich. General Office, Jackson,
Mich.

Jackson, Lanslngr and Sasrinnw RR. —
Jackson, Mich., to the Straits of Mackinac. Mich.,
295.10 m.; branch, Grayling to Twin Lakes, 27.80 m.

Battle Creek: and Stnrgls Ry.— Battle
Creek to Findley, Mich, (operated by M. C. RR. Co.),
33.80 m.; Findley to Sturgis (operated by the L. S.
& M. S. Ry. Co.), 7.20 m.— total, 41 m. ; sidings, 3.93
miles. Rail (steel, 41 m.), 60 Ibs. Chartered Nov.
14, 1889 (see Manual for 1890). The stock is owned
and road operated, part by the Michigan Central and
part by the Lake Shore and Michigan Southern, as
shown. Capital stock (auth., $1,000,000; par, $100),
$500,000; funded debt (see bond statement on page
5.MI. $421.000— total, $921,000. H. B. Ledyard, Pres.,
Henry Russell, Vice-Pres.; A. J. Burt, Sec. & Treas.,
Detroit, Mich. General Office, Detroit, Mich.

Bay City and Battle Creek Ry.— West
Bay City to Midland, Mich., 18 m.; sidings, 5.41
miles. Gauge, 4 ft. 84 in. Rail (steel, 18 m.), 60
Ibs. Chartered Nov. 14, 1889; road opened Dec. 27,
•1889. Passed into control of the Michigan Central
RR. Co., June 1, 1890, through ownership of stock.
Capital stock (par, $100), $300,000; funded debt (see
bond statement on page 530), $250.000— total, $550,-
000. H. B. Ledyard, Pres.; Henry Russell, Vice-
Pres.; A. J. Burt, Sec. & Treas. General Office,
Detroit, Mich.

Detroit and Bay City RR.— Detroit to Bay
nt.v, Mich., 109 m.; Detroit Belt Line, 4.39 m. ; Caro
June, to Caro, 12.75 m. ; Denmark Juno, to Saginaw
16.75 m.; Bay City Belt Line, 7.01 m. ; Bay City
Water Street spur, 5.10 m.— total, 155 m. ; sidings,
04.49 miles. Organized May 6, 1871, under the
name of the Detroit and Bay City Ry. Co.; main line
opened to Bay City, July 31, 1873; default made in
May, 1875; sold under foreclosure Feb. 12, 1881, for
$3,866.886. and purchased on account of M. C. RR.
Co. The present company was formed on Feb. 26,
1881, and the property leased to the M. C. RR. Co.,

532

POOR'S MANUAL OF liAILROADS — RAILROAD "SYSTEMS.'

—total 322.90 m.; 2d track, 3.22 m.; sidings, 200.72
miles. Organized Feb. 24, 1865, and bought the in-
complete Amboy, Lansing and Traverse Bay RR.,
which had been opened between Owosso and Lansing
in 1863. Leased Sept. 1, 1871, to M. C. RR. Co., to
which it transferred its land grant. Rental in 1895,
$70 750. and interest paid on bonds, $110,200. Finan-
cial Statement, Dec. 31, 1897.— Capital stock, $2,000,-
000- funded debt (see M. C. RR. bond statement),
S2 054 000— total, $4,054,000. Cost of construction to
Dee 31, 1882, $8,071,358. The extension to the
Straits of Mackinac was completed Jan., 1882, and
the company issued $1,100,000 6 p. c. extension Ixmds,
navment guaranteed from proceeds of land sales, and
guaranteed by the M. C. RR. Co. (See M. C. balance
sheet.) Henry B. Ledyard, Pres., Detroit, Mich.;
Wm M. Thompson, Treas., Jackson, Mich.; O. M.
Barnes, Sec., Lansing, Mich. General Office, Lansing,

Jollet and Northern Indiana RR.— Lake,
Ind , to Joliet, 111., 45 miles. Leased in perpetuity
from Sept. 7. 1854 (date of completion), to the M. C.
RR Co which owns nearly all of its stock; annual
rental, $89,000. Dividends! $24,000; interest, $56,-
000 Capital stock, $300,000; funded debt, 1st mtge.
7 p c 30-yr. bonds, due July 1, 1907, $800.000— total
(representing cost of road, etc.), $1,100,000. Exist-
ing bonds were exchanged for old 8 p. c. bonds.
C. Vanderbilt, Pres.; E. D. Worcester, Sec.; D. A.
Waterman, Treas., New York, N. Y.

Knl 11 inn zoo and South Haven RR.— Kala-
mazoo to South Haven, Mich., 39.50 m.; sidings, 5.14

miles. Rail (steel, 39.50 m.), 65 Ibs. Articles filed
April 15, 1869; road opened Jan. 2, 1871. Leased to
M C RR. Co.; rental (interest on bonds), $35,000.
Capital stock, $325,400; funded debt (assumed by
lessees; see M. C. bond statement), $700,000— total,
$1,025,400. Contra: Cost of road, $1,035,400. Ashley
Pond, Pres.; A. J. Burt, Sec. & Treas., Detroit,
Mich.

Michigan Air-Line RR.— Jackson. Mich., to
South Bend, Ind., 115.16 m.; sidings, 25.20 miles.
Rail (steel, 115.16 m.), 65 Ibs. Articles for western
section filed Aug. 25, 1868, and Oct. 11, 1870; con-
solidated with St. Joseph Valley RR. Co.. Oct. 11,
1870. Dates of charters, July 14, 1868, March 19,
1870; date of opening, Jan., 1871. Road completed
in Feb., 1871, and leased from that date to the M. C.
RR. Co. at a rental equal to the interest accruing
on the bonds issued. Capital stock, auth., $4,000,-
000; funded debt (see M. C. bond statement), $2,600,-
000— total. $6,600,000. The amount of stock issued
is $394,262.50. H. B. Ledyard, Pres.; A. J. Burt,
Sec. & Treas., Detroit, Mich.

Sagrinaw Bay and Northwestern RR.—
Pinconning Ray to Gladwin, Mich., 28.72 m.; sundry
branches into woods, 53.91 m.— total, 82.63 m.; sid-
ings. 10.57 miles. Gauge, 4 ft. 81 in. Rail (steel,
82.63 m.), 65 Ibs. Road opened May, 1879. Stock is
controlled and road operated by the Michigan Central
RR. Co. Capital stock (auth., $300,000; par, $100),
issued, $20,000. Cost of construction, $225.526.15.
Ashley Pond. Pres.; A. J. Burt, Sec., Treas. & Trans.
Agt., Detroit, Mich. General Office, Detroit, Mich.

CANADA SOUTHERN SYSTEM.— OPERATED BY THE M. C. It 11. Co.

Canada Southern Ry. — Windsor, Ont., to
Suspension Bridge, 226.18 m.; St. Clair Branch, StT

Springs, Ont., 5.50 m.; Fort Erie Branch, Welland
June, to Fort Erie, Ont., 17.50 m. ; Leamington and
St. Clair RR. (leased), Comber to Leamington, 13.80
in.— total owned and leased, 373.04 in.; 2d track,
95.21 m.; sidings (7.12 m. leased), 164.67 miles.
Rail (steel), 60 Ibs. The company also owns and
controls the Sarnia, Chatham and Erie Ry., 7 m. ;
the Toledo, Canada Southern and Detroit Ry.. 58.92
m.; the Michigan Midland and Canada Ry., 14.68 m.;
and the Canada Southern Bridge, 3.66 miles. Total
operated, 457.30 m. ; total track, 789.77 miles. This
mileage does not include 15 m. of the London and
Port Stanley Ry. (from St. Thomas to London), over
which the company has trackage rights. Chartered
in Canada, Feb. 28, 1868; entire line opened Nov. 15,
1873. Shortly after completion the company defaulted
on bond interest, and in 1878. under authority of a
special act of Parliament, the old bonds were ex-
changed for new bonds. An agreement with the
Mich. Cent. RR. Co., to run for 21 years from Jan. 1,
1883, provides for the operation of this company's
roads in connection with the M. C. RR. Co.'s lines,
the gross earnings of the whole system to be applied
first to the payment of the operating expenses and
fixed charges of both companies, and the net surplus
to be then divided in the proportion of two-thirds to
the M. C. and one-third to this company; the pro-
portion being subject to readjustment at the end of
the fifth, tenth, and fifteenth years. For the five
years beginning Jan. 1, 1893, the M. C. takes 60 p. c.
and the C. S. 40 p. c. of the first $1,000,000 of net
surplus, and any excess above that amount is to be
divided in the proportion of two-thirds to the M. C.
and one-third to the C. S. The Leamington and St.
Clair RR. was purchased in June. 1895, and its 1st
mtge. 4 p. c. 50-yr. bonds, amounting to $130,000,
were guaranteed as to principal and interest by this
company. (See Manual for 1897, p. 511.) The Erie
and Niagara Ry. was absorbed by consolidation in
July. 1893. Equipment is included in statement on
page 529. Income Account, Dec. 31, 1897.— Proportion
of net earnings, $282,402.16; other income, $1,644.66;
balance from 1896, $19,553.84— total, $303,600.66.
Paid dividends (No. 25, Aug. 1, 1897, 1 p. c.; No. 26,
Feb. 1, 1898, 1 p. c.), $300,000. Surplus, $3,600.66.
Financial Statement, Dee. 31, 1897.— Capital stock,
$15,000,000; funded debt, $19,577,131.47; dividends
payable Feb. 1, 1898, $150,000; dividends due and un-
paid, $174.25; accounts payable, $894.48; income ac-
count. $3. 600.60— total. $34,731, 800. 86. Contra: Con-
struction, etc., $28,570. 393. 16; securities owned (see
below), $5.957,460; other investments. $40,521.68;
other assets, $157.426.02— total, $34,731.800.86.
Funded debt consisted, Dec. 31, 1897, of— 1st mtge
6 p. c. 30-yr. bonds, due June 1, 1908, interest Jan.
and July, $13,925,000; and 2d mtge. 5 p c. 30-yr

bonds, due March 1, 1913, interest March and Sept.,
$5,650,000. Interest on 1st mtge. bonds Is guaranteed
by New York Central and Hudson River RR. Co. for
the first 20 years, and is payable In New York, Jan.
1 and July 1, by the Union Trust Co. Trustees of
bonds: Cornelius Vanderbilt and Chauncey M. Depew.
Stocks and Bonds Owned. — Stocks: Canada Southern
Bridge Co., $450,000; Toledo, Canada Southern and
Detroit Ry. Co., $1,547,662.50; Michigan Midland and
Canada RR. Co.. $275,425; Sarnia, Chatham and
Erie Ry. Co., $33,000; Niagara River Bridge Co.,
$700,000; Leamington and St. Clair Ry. Co., $50,000—
total, $3,056,087.50. First mtge. bonds: Canada
Southern Bridge Co., $1,000,000; Toledo, Canada
Southern and Detroit Ry. Co., $1,511,737.50; Michi-
gan Midland and Canada RR. Co., $323,635; Sarnia,
Chatham and Erie Ry. Co., $66,000— total, $2,901,-
372.50. Directors.— Cornelius Vanderbilt, Wm. K.
Vanderbilt, Samuel F. Barger, Edward A. Wickes,
Chauncey M. Depew, Joseph E. Brown, Charles F.
Cox, New York, N. Y. ; James Tillinghast, Buffalo,
N. Y. ; Nlcol Kingsmill, Toronto, Ont. Officers:
Cornelius Vanderbilt, Pres.; Charles F. Cox, Vice-
Pres., New York, N. Y.; Nicol Kingsmill, Sec.,
Toronto, Ont.; C. F. Cox, Treas., New York, N. Y.
General Office, St. Thomas, Ont. New York Office,
Grand Central Station.

CANADA SOUTHERN BRIDGE.— Slocum June,
to Stony Island, 3.66 m.; sidings, etc., 1.75 m. ; total
track, 5.41 miles. Gauge. 4 ft. 8J in. Rail (steel),
56 Ibs. Organized Aug. 20, 1873; opened Sept., 1873.
Operated in connection with the Canada Southern
(which owns all its stocks and bonds) by the Michigan
Central RR. Co. Capital stock, $450,000; funded
debt, 1st mtge. 7 p. c. 30-yr. bonds, due Feb. 1, 1904,
interest Feb. & Aug., $1.000.000— total, $1,450,000.
H. B. Ledyard, Pres., Detroit, Mich.; C. F. Cox,
Vice-Pres., New York, N. Y. ; N. Kingsman, Sec. &
Treas., Toronto, Ont.

LEAMINGTON AND ST. CLAIR RY.— Length
of line, 13.80 m.; total track (steel; 56 Ibs.), 18.80
miles. Chartered March 2, 1887; road opened through-
out in Nov., 1888. Leased for 15 years from March
1, 1889, to the Canada Southern Ry., and purchased
by that company in June, 1895. Capital stock (all
owned by C. S. Ry. Co.), $50,000; funded debt, 1st
mtge. 4 p. c. bonds, dated Oct. 1, 1896, due Oct. 1,
1945, interest April 1 and Oct. 1, $130,000— total,
$180,000 Principal and interest of bonds guar-
anteed, by endorsement, by the Canada So. Ry. Co.;
interest payable at the Bank of Montreal, Montreal,
Que. C. Vanderbilt, Pres.; C. F. Cox, Vice-Pres.,
New York, N. Y. ; N. Kingsman, Sec. & Treas.,
Toronto. Ont.

MICHIGAN MIDLAND AND CANADA RR.—
Length of line, 14.68 m.; total track, 15.60 miles.
Chartered Sept. 17, 1872. Road opened Dec. 4, 1874.
Stock of this company is controlled and its bonds
owned by the Canada Southern Ry.Co.,and road oper-
ated by the Michigan Central RR.Co.,asa part of the
Canada Southern system of roads, under an agree-
ment for joint operation made Dec. 12, 1882, between

POOR'S MANUAL— MISSOURI, KANSAS AND TEXAS RY. CO.

533

the Michigan Central and Canada Southern RR. Cos.
Capital stock (shares, $100), $300,000; funded debt,
1st mtge. 7 p. c. 27-yr. coup, bonds, dated July 1,
1873; interest Jan. and July, in New York, $323,635.
James Tilliughast, Pres., Buffalo, N. Y. ; Charles F.
fox, Vice-Pres , New York, N. Y. ; N. Kingsman, Sec.
& Treas., Toronto, Ont. General Office, Detroit,
Mich.

TOLEDO, CANADA SOUTHERN AND DE-
TROIT RY- Length of road, 58.92 m.; total track,
117.78 miles. Consolidation, July 19, 1872, of the
Detroit and State Line RR. Co. of Michigan and
Junction Ry. Co. of Ohio. Stocks and bonds owned

by the Canada Southern Ry. Co., and the road is
operated by the Michigan Central RR. Co. as a part
of the Canada Southern system of roads, under an
agreement for joint operation, made Dec. 12, 1882,
between the Michigan Central and Canada Southern
RR. Cos. Capital stock (par, $100; auth., $2,000,000),
$1.547,662.50; funded debt (1st mtge. 7 p. c. gold
bonds, dated Aug. 1, 1872. due Jan. 1, 1906; interest
Jan. and July, in New York, $1,500,000; 1st mtge.
bond scrip, $11.737.50), $1,511.737. James Tilling-
hast, Pres., Buffalo, N. Y. ; Charles F. Cox, Vice-
Pres., New York, N. Y.; N. Kingsman, Sec. &
Treas., Toronto, Ont. General Office, Detroit, Mich.

Board of Directors, Michigan Central RR. Co., elected May 5, 1898.
CORNELIUS VANDERBILT, Chairman of the Board New York, N. Y.

Henry B. Ledyard Detroit, Mich.

Cor. Vanderbilt...New York, N. Y.
C hauncey M . Depew ' '

Samuel F. Barger..New York, N. Y.

Wm. K. Vanderbilt "

E. D. Worcester. " '•

Ashley Pond Detroit, Mich.

Fred W. Vanderbilt. New York.N.Y.
Fred'k S. Winston Chicago, 111.

H. B. LEDYABD, President and General Manager Detroit, Mich.

E. D. Worcester, Vice-Prerident and Secretary New York, N. Y.

Treasurer— D. A. Waterman New York, N. Y. | Auditor— A. Judson Burt Detroit, Mich.

( Grand Central Station, New York, N. Y.

GENERAL OFFICES •< Foot of Third Street, Detroit, Mich.

( Monadnock Building, Chicago, 111.

MISSOURI, KANSAS AND TEXAS RAILWAY COMPANY.

(For map of this system see page 535.)

( St. Louis(Texas June.), Mo., toDenison,

Main Line of Road : ] Tex 633.75 m.

( Hannibal to Franklin June., Mo 104.50 m.— 738.25 miles.

Kansas City Division : Sedalia (Kan. Cy. June.), Mo., to Paola, Kan.. 86.42 m.

Southwestern Mineral Branch : Labette to Mineral City, Kan 17.00 m.

Parsons Div. (or Neosho Section) : Junction City to Parsons, Kaa. . .157.51 m.

Krebs Branch : McAlester to Krebs, I. T 4.61 m.— 265.54 "

Dallas Division : Denison to Dallas, Tex 104.52 m.

Hillsboro Section : Dallas to Hillsboro, Tex 65.58 m.

Houston Division: Hillsboro to Houston, Tex 272.87 m.

Henrietta Line : Denison to Henrietta, Tex 112.28 m.

Sherman Branch : Denison to Sherman, Tex 11.16'm.

Mineola Branch : Greenville to Mineola, Tex 50.50 m.

Dcnton Branch : Dallas to Denton, Tex 37.62 m.

Fort Worth Division : Hillsboro to Fort Worth, Tex 54.50 m.

Belton Branch : Echo to Belton, Tex 7.12 m.

San Marcos Division : Smithville to San Marcos, Tex 54.60 m.

Trinity and Sabine By. : Trinity to Colmesneil, Tex 66.55 m.— 837.30 "

T pn«jprl ( Kansas City and Pacific Ry. : Paola to Stevens, Kan 180.06 m.

\ Denison and Wash. ( Atoka to Coalgate, I. T.. . .13.60 m.
' ( Valley Ry. : \ Warner to Ray, I. T 6.40 m.— 20.00 m.— 150.06 "

Operated : Wichita Falls Ry. : Henrietta to Wichita Falls, Tex 17.88 "

CSt. L., Eeokuk & NW. Ry. : St. Louis to Texas Jc., Mo. 24.00 m.

Operated I K. C., Ft. S. & M. RR. : Kansas City, Mo. to Paola, Kan. 43.00 m.

Jointly: ] Texas and Pacific Ry. : Whitesboro to Ft. Worth, Tex.. 71.18m.

t Gal., Houst. & Rend. RR. : Houston to Galveston, Tex. . 50.00 m.— 188.18 "
Total length of lines owned (1,841. 09 m.), leased and operated, June 30,1897. 2,197.21 miles.

Sidings, 201.09 miles. Gauge, 4 ft. 8£ in. Rail (steel, 1,990.26 m.), 63 to 80 Ibs.

History. — Consolidation, April 7, 1870, of the Union Pacific, Southern Branch RR. Co.

with the Tebo and Neosho, Labette and Sedalia and Neosho Valley and Holden RR. Cos.

The St. Louis and Santa Fe RR., from Holden, Mo., to Paola, Kan., 53.52 m., was purchased

at foreclosure sale, April 29, 1872, and was then leased to the Missouri Pacific Ry. Co. The

Hannibal and Central Missouri, from Hannibal to Moberly, Mo., 72.5m., was purchased iu

1873. The extensions in Missouri, Kansas, Indian Territory and Texas were built from time

to time, some of them by the company and others by means of proprietary organizations.

(For particulars reference should be made to MANUALS from 1888 to 1896.) On Sept.. 1, 1895,

the lease of the Osage Division (old St. Louis and Santa F6 RR.) to the Missouri Pacific Ry.

Co. was abrogated and the operation of the line resumed by this company. An extension of

534 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

it from Holden to Sedalia, Mo., 32.9 m., was constructed under the charter of the St. Louis
and Kansas City Ry. Co. It was opened for business Nov. 1, 1895. At about the same uiue
a one-half mile extension of the Southwestern Mineral Branch was completed. On May 20,
1896, a resolution was passed approving the consolidation in the parent company of various
subsidiary lines owned and operated, to wit : Missouri, Kansas and Eastern Ry. , Southwestern
Mineral Ry., and St. Louis and Kansas City Ry. (See MANUAL for 1896.)

The company has joint use of the line of the Texas and Pacific Ry. Co. from Fort Wor h
to Whitesboro, Tex., 71.18 m., by payment of an annual rental of 6 p. c. on $10,000 per mil<-,
and one-half taxes, expenses, etc. The Qalveston, Houston and Henderson RR. is operated
by its management equally for the benefit of this company and the International and Great
Northern RR. Co., under the terms shown in the statement for the G., H. & H. RR. Co. on
page 195. This company and the International and Great Northern each owns one-half of
the capital stock of the G., H. & H. RR. Co.

The terms under which the leased lines and the Wichita Falls Ry. are operated are shown
in the appended statements (page 538 et seq.).

Statement of mileage, steel rails, and equipment for ten years, 1888-97 (see also MANUAL
for 1891, page 780) :

YEAH.

Kailroad
Owned.

Total
Track
Owned.

Steel
Rails.

Locomo-
tives.

CAB STOCK.

Passenger
Train
Care.

Freight
Tram
Cars.

Othe*
Cars.

Total.

1888 Dec 31.

M.

1,541.32
1,632.28
1,652.30
1,522.64

M.

1,736.20
1,833.78
1,889.30
1.675.64

M.

1,204.86
1,252.44
1,511.00

No.

177
200
212
217
224
236
246
261
271
268

No.
118
124
137
145
139
175
173
172
173
173

No.
5,364
5,763
5,908
7,156
7,091
7,449
7,329
7,058
8,852
8,676

No.

76
23
23
24

28
131
137
146
160
158

No.
5,558
5,910
6,068
7,325
7,258
7,755
7,639
7,376
9,185
9,007

1889

1890

1891

1892— Ji ne 30 .

1,522.64
1,633.91
1,633.91
1,645.99
1,841.09
1,841.09

1,675.64
1,899.18
1,899.18
1,937.11
2.039.11
2,042.18

1893

1,746.17
1.899.18
1,937.11
1,971.76
1,990.26

1894

1895
1896

1897

Rolling' Stock, June 30, 1897. — Locomotives, 268. Cars — passenger and combination,
107 ; baggage, mail, and express, 66 ; freight (box, 3,618 ; flat, 563 ; coal, 2,224 ; stock, 982;
refrigerator, 176 ; furniture, 955; caboose, 158), 8,676 ; other, 158 — total cars, 9,007.
Operations, year ending June 30, 1897. — See tabulated statement on p. 537.

Earnings— Passenger $1,818,188 14

Freight 9,107,207 44

Mail and Express 520,844 81

Other.

32,074 73

Expenses— Conducting Transportation $5,224,592 82

Maintenance of Equipment 775,368 00

Maint. Way and Structures .... 1,576,580 72
General 504,979 51

Total ($5,224.54 per mile) $11,478,315 12 Total ($3,678.43 per mile) $8,081,521 05

Net earnings (29.59 p. c.), $3,396,794.07 ; add dividends, $112,000 ; other income, $25,-
000— total, $3,533,794.07. Payments : Taxes, $255,880.27 ; interest on bonds, $3,061,760 ;
rentals (St. Louis terminals and joint track, $133,982.61 ; Kansas City ditto, $50,323.96 ;
Denison terminals and Denison and Washita Valley Ry., $60,000 ; tracks to Union Station,
St. Louis, $16,666.68; Texas and Pacific joint , track, $42,534; Galveston, Houston and
Henderson RR., $62,000), $365,507.25— total, $3,683,147.52. Deficit, $149,353.45; surplus
forward, $460,272.42 ; net surplus, $310,918.97.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $140,284,065 40

New Equipment

Stocks & Bonds Owned by Co. (Value)' '

Real Estate Purchased

Materials and Supplies

Cash on Hand "!!!!!!!

Agents, Individuals, and Companies.!.!

553,214 48
971,619 96
13,263 50
718,111 52
519,289 30
410,698 54

Total Assets $143,470,292 70

Com. Stk.— M., K. & T. Ry.. $52,450,000

Pref. Stk.— M., K. & T. Ry.. 13,000,000— $65,450,000 00

Stocks of Subsidiary Lines:

Boonville RR. Bridge Co. .$1,000,000

M.. K. & T. Ry. Co. of Tex. 2,012,500— 3,012,500 00

Mortgage Bonds 70,523,000 00

Improvement Fund 776,31639

Deferred Payments 779,529 29

Sundry Accounts 16,650 95

Interest and Taxes Accrued, not Due... 798,050 12

Current Liabilities 1,803,326 98

Income Account 310,918 97

Total Liabilities $143,470,292~70

536

POOE'S MANUAL OP RAILROADS— RAILROAD "SYSTEMS."

Improvement Fund. — This item formerly appeared in the balance sheet as " Reorganiza-
tion Committee " account. It consists of various securities received from the reorganization
committee, and is represented for the most part by the assets item " Stocks and Bonds owned
by the Company." The fund is applicable to expenditures for improvements to the property.

Statement of bonded debt and guarantees, M., K. & T. Ry. Co., June 30, 1897 :

DESCRIPTION OP BONDS.

DATE OF

INTEREST.

Amount
Out-
standing.

Annual
Interest.

Issue.

Maturity.

O>

i

When
Payable.

M., K. & T. Ry. Co. Bonds :

June 1, 1890
June 1, 1890
Nov. 1, 1894
April 1,1892
April 1,1892
June 1, 1870

Aug. 1, 1892
Nov. 1, 1890
May 1, 1873
Aug. 1, 1890

June 1, 1990
June 1, 1990
Nov. 1, 1944
April 1,1942
April 1, 1942
June 1, 1903

Sept. 1, 1942
Nov. 1, 1940
May 1, 1906
Aug. 1, 1990

p.c.
4
4

5
5
5

7

5
5
7
4

June & Dec.
Feb. & Aug.
May & Nov.
Apr. & Oct.
Apr. & Oct.
June & Dec.

Mar. ASept.
May & Nov.
May & Nov.
Feb. & Aug.

8

39,813,000
20,000,000
998,000
4,000,000
500,000
187,000

2.685,000
1,340,000
1,000,000

* 2.500,000

1,592,520
800,000
49,900
200,000
25,000
13,090

134,250
67,000
t 80,000
100,000

2d Mortgage Gold

1st Mort"a°'e Extension, Gold

M K & E Ry 1st Mt^e , Gold

M.', K. & E. Ry. 2(1 Mtge., Gold
Tebo and Neosho 1st Mtge., Gold

Guaranteed Bonds :
M., K. & T. Ry. of Tex. 1st Mtge., Gold. .
Dallas and Waco Rv. 1st Mtge., Gold
Boonville RR. Bridge Co. 1st Mtge., Gold
K., C. & P. RR. 1st Mtge., Gold

Tota1 s

73,023,000

3,061,760

* Not included in General Balance Sheet, t Including sinking fund, $10,000, payable yearly, in May.

The M., A". & T. 1st mtge. 4 p. c. gold bonds were issued under the plan of reorganization; $35,000,000
(Nos. 1 to 35,000 inclusive) are for $1,000 each, and $5,000,000 (Noa 35,001 to 45,000 inclusive) for $500 each.
These bonds are secured upon the entire property of the company, including the securities representing the
control of, and ownership in, the several constituent companies organized under the laws of Texas. A suffi-
cient amount is reserved for retirement of the $187,000 Tebo and Neosho RR. bonds. Trustee: Central Trust
Co., New York.

The bonds. are in coupon form, but may be registered as to principal. Interest payable at the office of
the M., K. & T. Ry. Co., 45 Wall St., New York, N. Y.

The M., K. & T. 2d mtge. 4 p. c. gold bonds were issued under the plan of reorganization; $17,000,000
(Nos. 1 to 17,000 inclusive) are for $1,000 each, and $3,000,000 (Nos. 17,001 to 23,000 inclusive) for $500 each.
These are secured by 2d mtge. on the same property and securities as the 1st mtge. bonds. The payment of
interest was not obligator}' until after Aug. 1, 1895, it having been provided that up to that date interest
should be paid only if earned in the six months previous to the maturity of each coupon, and should be non-
cumulative. The interest due Feb. 1, 1892, Feb. 1, 1893, Feb. 1, 1894, and Feb. 1, 1895, was paid, but the
Aug. coup, of each of the years named was passed, the earnings for the preceding six months not having been
sufficient to warrant its payment. The bonda are in coupon form, but may be registered as to principal.
Interest payable at the office of the M., K. & T. Ry. Co., 45 Wall St., New York, N. Y. Trustee: Mercantile
Trust Co., New York, N. Y.

The 1st mtge. extension bonds are secured on the Southwestern Mineral Branch and on 31.9 miles of the
Kansas City Division, from Holden to Green Ridge, Mo. Additional bonds, to the amount of $20,000 per
mile, may be issued under this mtge., for the construction of extensions to the company's system in Missouri,
Kansas and the Indian Territory. The bonds are for $1,000 each, in coupon form, with privilege of registra-
tion as to principal. Interest payable at the office of the M., K. & T. Ry. Co., 45 Wall St., New York,
N. Y. Trustee: Central Trust Co. of New York.

The Missouri, Kansas and Eastern bonds are secured in the order of their priority on the line from
Franklin Junction to Texas Junction, Mo., 162 miles. They are $1,000 bonds, in coupon form, with privilege of
registration. Interest is paid and the bonds may be registered at the office of M., K. & T. Ry. Co., 45 Wall
St., New York, N. Y. Trustee: Central Trust Co. of New York.

The Tebo and Neosho RR. 1st mtge. bonds are secured on the section of the main line extending from
Sedalia, Mo., to the Kansas State Line, 100 miles. The bonds are for $1,000 each, in coupon form. There is
provision for a sinking fund to redeem the bonds at par, but there can be no drawings. An equal amount of
1st mtge. 4 p. c. bonds of the M., K. & T. Ry. Co. is reserved for the retirement of these. Principal and
interest payable at the New York office of the M., K. & T. Ry. Co.

The bonds of the Missouri, Kansas and Texas Ry. Co. of Texas are issued at the rate of $20,000 per
mile and are guaranteed, by endorsement, by the M., K. & T. Ry. Co. They are $1,000 bonds, in coupon
form, but may be registered at the New York office. Interest payable at 45 Wall St., New York, N. Y.
Trustee: Central Trust Co. of New York. The bonds are secured by 1st mtge. on that section of the Houston
Division extending from Boggy Tank to Houstan, 84 m. ; on the section ef the San Marcos Division from
Smithville to Lockhart, 37 m., together with an extension of 2.5 m. into the city of San Marcos; on the branch
from Denison to Sherman, 10.75 m. ; and on the terminal properties in Houston and in Sherman.

The bonds of the Daltas and Waco Ry. are issued at the rate of $20,000 per mile, secured on the line
from Dallas to Hillsboro, Tex., 67 miles. They are guaranteed, principal and interest, by endorsement, by
the M., K. & T. Ry. Co. That company, through a subsidiary corporation, owns the entire capital stock of
the Dallas and Waco Ry. Co. The bonds »r« for $1,000 each, in coupon form, with privilege of registration.
Interest payable at the New York office of the M., K. & T. Ry. Co. Trustee: Central Trust Co. of New York.

The bonds of the Boonville RR. Bridge Co. are secured on the bridge spanning the Missouri River at
Boonville, Mo. They are $1,000 or £200 coupon bonds, with privilege of registration; guaranteed both as to
principal and interest by the M., K. & T. Ry. Co. and payable at the New York office of that company. There
is a sinking fund of 1 p. c. applied annually in May, the bonds being drawn at par. On June 30, 1897, there
were in the sinking fund $479,000 of these bonds, leaving only $521,000 in the hands of the public. Trustee:
I nion Trust Co., New York, N. Y.

The bonds of the Kansas City and Pacific Ry. Co. are fully described in the statement for that com-
pany on page 538. Interest on these bonds is guaranteed by the" M., K. & T. Ry. Co., and payable at the
office of that company in New York.

The Missouri, Kansas and Texas Ry. Co. also guarantees principal and interest of $1,000,000 6 p. c. bonds
of the Southwestern Coal and Improvement Co. and of $1,100,000 outstanding 5 p. c. bonds of the Sherman,
Shreveport and Southern Ry. Co. (See statements for those companies, appended. >

POOR'S MANUAL — MISSOURI, KANSAS AND TEXAS RY. CO.

537

Statement of operations, traffic, etc., for eight years, and of capital account for seven
fiscal periods :

1890

Dec. 31.

1891

Dec. 31.

1892

June 30.

1893

June 30.

1894

June 30.

1895

June 30.

1896

June 30.

1897

June 30.

Miles of RR. Oper. (Av.). . .
Passenger Train Miles ... .
Freight Tram Miles
Passengers Carried

1,777.32
2,125,482
4,706,003
1,457,736
68,284,360
2,200,968
586,558,891
$
1,904,030
6,564,456
535,520

1,717.00
2,106,883
5,079,285
1,511,291
69,226,214
2,307,863
615,928,672

$

1,937,777
7,285,045
552,298

1,674.00

1,712.00

2,152,590
5,387,550
1,521,715
69,134,637
2,828.932
752,445,014
$
1,896,987
7,876,357
614,847

1,960.00
2,667,452
5,144,274
1,490,856
84,678,466
2,441,293
695,609,442

8

1,989,448
7,359,213
528,629

2,028.00
2,557,395
5,514,264
1,515,422
83,918,802
2,875,401
811.324,553
8
1,970,905
8,986,779
586,680

2,147.00
3,135.540
5,683,432
1,652,985
89,837,595
2,926,337
846,827,435

2,071,406
8,388,544
577,037

2,197.00
3,188,3i >
6,468,812
1,347,'.23
78,375,002
3,236.906
1,017,781,597
S
1.818,188
9,107,207
552,920

' 'l',502,478
68,643,432
2,415,014
653,114,627

$

1,870,269
7,319,912
560,383

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Passenger Earnings

Freight Earnings

Miscellaneous. T

Gross Traffic Earnings
Operating Expenses

9,004,006
6,351,862

9,775,120
6,977,411

9,750,564
7,030,621

10,388,191
7,624,029

9,887,290
6,979,229

11,544,364
8,195,901

11,036,987
7,419,814

11,478,315
8,081,521

Net Traffic Earnings

2,652,143
49,346

2,797,709

2,719,943

2,764,162

2,898,061

3,348,463

3,617,173

3,396,794
137,000

Other Receipts

Available Revenue

2,701,489
162,281
4,764
58,166
99,096

2,797,709
195,226
597,891
1,807,549

2,719,943
286,873
94,300
2,259,827

2,764,162
186,706

2,898,061
226,712

3,348,463
225,283

3,617,173
284,286

3,533,794

255,880

Paid Taxes.

Other Charges

Interest on Bonds

2,359,443

2,609,360
71,511
def. 9,522

5,039 43
3,56083
1,478 60
70. 66 p. c.
2.35 c.
1.06 c.
$
47,000,000
13,000,000
2,987,500
64,075,000
1,159,397
409,155
615,489
132,308
300,134
112,214
951,141
219,140

2,612,943
285,497
224,740

5,69248
4,041 37
1,651 11
70.99 p. c.
2.35 C.
1.11 C.

9

47,000,000
13,000,000
3,012,500
65,355,000
1,221,843
409,155
506,905
185,320
333,717
116,856
1,200,439
443,879

2,983,960
332,534
16,393

5,14065
3,45589
1,68476
67. 23 p. c.
2.81 c.
0.99 c.

52,450,000

13.000,000
3,012,500
70,523,000
1,254,369

3,061,760
365,507
dtf. 149,353

5,2:M 54
3,678 43
1,546 11
70.41 p. c.
2.38 C.
0.89 C.
S
52,450,000
13,000,000
3,012,500
70,523,000
776,316

Rentals

Balance, Surplus

2,377,182

5,06606
3,57385
1,492 21
70.54 p. c.
2.78 c.
1.11 c.

197,043

5,693 14
4,06372
1,62942
71. 38 p. c.
2.80 c.
1.18 c.

s

47,000,000
13,000,000
1,770,000
62,373,000

78,843

5,82471
4,199 89
1,62482
72. 12 p. c.
2.72 c.
1.12 C.

$

47,000,000
13,000,000
1,770,00'J
62,540,000
1,173,044
356,693
907,785
414,137
201.634
94,199
1,005,066

218,013

6,06787
4,45329
1,61458
73.39 p. c.
2.74 c.
1.05 c.
$
47,000,000
13,000,000
1,770,000
64,975,000
1,363,813
409,155
753,813
114,177
300,134
94,018
1,013,629
228,661

Gross Earnings per Mile . . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass. perM.
Aver. Rate per Ton per Mile

Common Stock

Preferred Stock

Subsidiary Co.'s Stocks....

Funded Debt

Improvement Fund

Receipts Securities Sold. . . .

Deferred Payments

1.025,458
18,484
672,617
131,857
1,223,863
460,272

779,529
16,651
672,117
125,933
1,803,327
310,919

Sundry Accounts

2,100,831

Interest Accrued not Due

Taxes not Due

Current Liabilities.... .

319,068
638,220

Profit and Loss

Total Liabilities

127,201.119

125,126,875
1,734

128,462,469

125,605,288
1,734
1,130,165
427,301
599,619
688,977
9,385

131,022,400

128,043,565
1,734
1,306,436
350,655
751,664
568,346

131,861,478

129,261,065
1.734
1,102|020
404,718
465,750
626,191

132,785,614

129,656,066
1,734
1,162,020
359,642
463,818
1,142,334

143,772,420

140,910,556
11,290
1,101,700
428,690
447,087
873,097

143,470,293

140,837,280
13,264
971,620
718,112
410,698
519,289

Cost of Property

Real Estate

Stocks and Bonds

Materials, etc

277,808
1,110,084
684,668

Current Accounts

Cash

Profit and Loss

Totals

127,201,119

128,462,469

131,022,400

131,861,478

132,785,614

143,772,420

143,470,293

NOTE. — " Cost of Property " includes new equipment in 1896, $626,490; in 1897, $553,214.

Income, etc., supplementary statement for 9 months ending March 31, 1898. — Gross
earnings, $9,735,952. Operating expenses and taxes, $6,381,897. Net earnings, $3,354,055.
Interest and rentals, $2,570,546. Surplus, $783,509.

Land Department. — Under several Acts of Congress the company received large land
grants, both in the State of Kansas and in the Indian Territory ; those in the latter claimed to
amount to 3,110,400 acres, subject to treaty stipulations and to the extinguishment of the
Indian title. All the lands received from the State of Kansas have been sold. No lands in
the Indian Territory have been yet received. On March 8, 1893, a bill was passed in the
National Congress providing for the appointment of a Commission to investigate and report
to the Government as to the expediency of opening up for settlement territory tributary to
the M., K. & T. By.

538

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

SUBSIDIARY COMPANIES.

Boonville RR. Bridge Co.— Owns the bridge
over the Missouri River, from Boonville to Franklin.
Capital stock, $1,000,000, all owned by the M., K.
& T. Ry. Co. Bonded debt (for description see M., K.
& T. Ry. Co. bond statement), $1,000,000.

Dallas and "Waco Ry.— Dallas to Hillsboro',
Tex., 65.58 m., completed Jan. 31, 1891, being a por-
tion of the main line of the M., K. & T. Ry. from
Dallas to the south. Capital stock, $670,000, all
owned by the M., K. & T. Ry. Co. Bonded debt
(for description see M., K. & T. Ry. Co. bond state-
ment), $1,340,000.

Deninoii and Washlta Valley Ry.—
Length of lines, 28 miles. (See statement for South-
western Coal and Improvement Co.)

Kaunas City and Pacific Ry.— Paola, Kan.,
to Stevens, Indian Ter.. 130.06 miles. Leased to the
M., K. & T. Ry. Co., for 999 years from Aug. 1, 1890,
at a yearly rental equal to 33 p. c. of gross earnings.
Capital stock, $2.500,000, of which the lessee owns
$1,675,000. Bonded debt, June 30, 1897, $2,500,000
1st mtge. 4 p. c. 100-yr. $1,000 gold coup, bonds, with
privilege of registration, due Aug. 1, 1990, interest
Feb. and Aug., at the office of the M., K. & T. Ry.
Co., in New York. Interest on these bonds is uncon-
ditionally guaranteed by the M., K. & T. Ry. Co.
Trustee of bonds: Central Trust Co., of New York.
(See statement in Manual for 1891. page 783.) Di-
rectors (elected April 7, 1898).— Henry C. Rouse, Col-
§ate Hoyt, Henry W. Poor, New York, N. Y.; F. C.
tevens, Attica, N. Y. : R. R. Reynolds. Erie, Kan.;
C. H. Kimball, Lee Clark, Parsons, Kan. H. W.
Poor, Pres.; Colgate Hoyt, Vice-Pres.; Chas. G.
Hedge, Treas.; S. Halline, Sec., New York, N. Y.
General Office, New York, N. Y.

>! i.HKouri, Kansas and Texas Ry. of
Texas.— Main lines, branches, etc., 982.76 m.; sid-
ings, etc., 168.61 m.— total, 1,151.37 miles. The lines
of this company are those which in Oct.. 1891. formed
that part of the Missouri. Kansas and Texas Ry.
System lying within the State of Texas, together
with the extensions from Boggy Tank to Houston,
from Smithvllle to Lockhart, and into San Marcos,

[ and th« branch from Denlson to Sherman, which
] were constructed or acquired by the present com-
| pany. (See Manual for 1897, page 516.1 The
authorities of the State of Texas had demanded, and
by an act of the Legislature, approved April 16, 1891,
authorized the transfer of the lines of the M., K. &
T. Ry. within that State to a corporation to be
formed under the laws of the State. In compliance
with this requirement, this company was organized
on Ocf. 28, 1891, and all the property of the Missouri,
Kansas and Texas Co. within the State of Texas was
deeded to it, subject to existing liens, on Nov. 18,
1891. The entire capital stock of the company, $12,-
900,000, is deposited with the Central Trust Co. of
New York, as trustee, for the benefit of the security
of the stockholders and bondholders of the M.. K. &
T. Ry. Co. Bonded debt (for description see M., K.
& T. Ry. Co. bond statement), $2,685,000. Henry C.
Rouse, Pres., New York, N. Y. ; A. A. Allen, Vice-
Pres. & Gen. Mgr., Dallas, Tex.; Colgate Hoyt, 1st
Vice-Pres.. New York, N. Y.; J. N. Simpson, 2d Vice-
Pres., Dallas, Tex.; D. Miller, 3d Vice-Pres., St.
Louis, Mo.; A. V. Tomlin, Treas.; C. A. Forrest,
Sec.: Win. O'Connell, Auditor, Dallas, Tex.

Wichita Falls Ry.— Terminus of M., K. & T.
Ry. at Henrietta, Tex., to Wichita Falls, Tex.,
17.88 m. ; sidings, 2 miles. Chartered in 1894; road
oj>ened in 1895. This road is operated by the
Missouri, Kansas and Texas Ry. Co., under a 10-yr.
contract from May 1, 1895. This contract provides
that the M., K. & T. shall supply the rolling stock
and necessary train service, and shall pay to the
Wichita Falls Ry. Co. an average of something over
20 p. c. of the gross business which the latter com-
pany can command. Financial Statement.— Capital
stock authorized and paid In, $20,000. Funded debt
authorized, $250.000 1st mtge. 6 p. c. 30-yr. gold
bonds, due Jan. 1, 1925, interest payable semi-
annually. Trustee: Union Trust Co., St. Louis, Mo.
A sinking fund is" provided for In the mortgage. A.
Newby, Pres.; R. E. Huff, Vice-Pres. & Atty.; O. J.
Kendall. Sec.; Frank Dorsey, Treas., Wichita Falls,
Tex. General Office, Wichita Falls, Tex.

Terms expire April, 1899.

H. C. Rouse New York, N. Y.

Colgate Hoyt... . " "

F. N. Finney Milwaukee, Wis.

A. J. Poor Chapman, Kans.

Terms expire April, 1901.
Wm. Rockefeller. New York, N. Y.

Myron T. Herrick Cleveland. O.

Lee CHrk Parsons, Kans.

H. J. de M. Oyens.Amsterdam, Holl.

J. D. Rockefeller. . . .New York, N. Y.
William Dowd

Board of Directors, Missouri, Kansas and Texas By. Co., elected April 7, 1898.

Terms expire April, 1900.

Henry W. Poor New York, N. Y.

James Brown Potter "

Simon Sterne "

B. P. McDonald Ft. Scott, Kans.

Terms expire April, 1902.

J. F. Freeman New York, N. Y.

Charles G. Hedge... "

HENRY C. BOUSE, President and Chairman of the Board. .New York, N. Y.

William Dowd, Vice-P resident " "

A. A. Allen, Vice- President and Oen. Manager St. Louis, Mo.

Cbas. G. Hedge, Vice- President and Treasurer New York, N. Y.

D. Miller, Vice- President and Traffic Manager St. Louis, Mo.

Secretary— S. Halline New York, N. Y. | General Auditor-G. J. Pollock St. Louis, Mo.

EXECUTIVE OFFICE 45 Wall St., New York, N. Y.

General Offices Parsons, Kans., and St. Louis, Mo.

MISSOURI, KANSAS AND TEXAS SYSTEM.— SOUTHWESTERN COAL AND

IMPROVEMENT CO.

History and Financial Statement.— This company was incorporated April 8, 1889,
under the laws of tbe State of West Virginia. Capital stock ($100 shares), $2,800,000;
funded debt, $1,000,000 1st. mtge. 6 p. c. gold $1,000 bonds, due July 1, 1929, interest Jan.
and July. Tbese bouds are secured by a 1st mtge. on the coal underlying about 80 square
miles of land in tbe Indian Ter. ; also upon about 2,000 acres iu fee of coal lands in Cherokee
C1 nmty, Kansas, reached by the Southwestern M ineral Ry. branch of the M. , K. & T. Ry. The
property is reached by a short branch of the Missouri, Kansas and Texas Ry., from Atoka,
Ind. Ter., 14 miles. The bonds are further secured by the deposit, with the trustee of the
mtge., of the entire capital stock (3,050 shares) and by the deposit also of $1,000,000 of 1st
mtge. bonds of the Denison and Washita Valley By. Co., being the entire funded debt of

POOR'S MANUAL — MISSOURI, KANSAS AND TEXAS SYSTEM. 539

that company, and covering a line from Atoka lo the mines of the South westrrn Coal and
Improvement Co., at Coalgate, 14m. ; covering also a line of completed railroad running from
Denison, Tex., northward toward the Red River, about 6 m., and about 150 acres of land at
Denison. This line and the real estate have been availed of by the M., K. & T. Ry. Co. for
a belt road around the city of Denison, and extensive yards and terminals, comprising 14 m.
of track. This 14 m. and the terminals at Denison, and the 14 m. of railway in the Indian
Territory from Atoka to Coalgate, have been leased to the M., K. & T. Ry. Co. for 50 years,
at an annual rental of $60,000. For 1897 the gross earnings of the company were $725,811.69;
cet earnings, $80,282.20. The output of the coal of this company in 1897 was 565,391 tons.
The entire capital stock of the Southwestern Coal and Improvement Co. is owned by the M.,
K. & T. Ry. Co., which guarantees unconditionally the payment of principal and interest of
these bonds, the guarantee being inscribed on each bond.

Directors. — Colgate Hoyt, Wm. Dowd, Henry C. Rouse, Henry W. Poor, Chas. Q.
Hedge, Simon Sterne, New York, N. Y. ; A. A. Allen, D. Miller, St. Louis, Mo.; John Green-
ough, New York, N. Y.

HENRY C. ROUSE, President New York, N. Y.

Vice- President— Colgate Hoyt New York, N. Y. | Treasurer— Chas. G. Hedge New York, N. Y.

Secretary— 8. Halline New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS 45 Wall St., New York, N. Y.

MISSOURI, KANSAS AND TEXAS SYSTEM.— SHERMAN, SHREVEPORT AND

SOUTHERN RY. CO.

Lines of Road ( Whitesboro', Tex., to Shreveport, La.. 255.00m.

Projected : ( McKinney, Tex. , to Decatur, Tex 50.00 m.— 305.00 miles.

Completed : McKinney, Tex., to Jefferson, Tex 153.04

Sidings, 11.38 miles. Gauge, 4 ft. 8| in. Rail— iron, 52 Ibs.; steel (153.04 m.), 56 Ibs.

History. — Incorporated Feb. 28, 1893. Successor to the East Line and Red River RR.
Co., concerning which see MANUAL for 1881, page 769.

Although the line is wholly owned by the Missouri, Kansas and Texas Ry. Co., by the
deposit of capital stock referred to hereafter and is an important feeder of that system, it is
necessary, for legal reasons, to maintain a separate organization. The Missouri, Kansas and
Texas, however, has guaranteed the payment of the principal and interest of these bonds.

Rolling Stock, June 30, 1897. — Locomotives, 8. Cars — passenger, 6 ; baggage, etc., 2 ;
freight (box, 114 ; coal and flat, 40), 154 ; caboose, 5 — total, 167. Since June 30, 1897, two
locomotives have been purchased.

Opprations, year ending June 30, 1897. — Train mileage — passenger, 112,481 ; freight
4,960; mixed, 87,555; other, 13,300— total, 218,296 miles. Passengers carried, 65,680; car-
ried one mile, 1,789,610. Tons freight moved, 87,253 ; moved one mile, 4,981,727. Earnings
—passenger, $44,754.87 ; freight, $257,900.94; mail, $8,167.25; express, $4,200; other, $1,-
683.67— total, $316,706.73. Expenses— transportation, $69,380.30 ; motive power, $40,311.71 ;
maintenance of cars, $24,680.35 ; maintenance of way, $73,474.88 ; general, $14,708.82 — total,
$222,556.06. Net earnings, $94,150.67. Payments : Taxes, $12,393.04 ; interest on funded
debt, $55,000— total, $67,393.04. Surplus, $26,757.63 ; surplus forward, $25,279.71— total,
$52,037.34.

Financial Statement, June 30, 1897.— Capital stock ($10,000 per mile ; par, $100), $3,-
000,000 ; issued, $2,751,800 ; funded debt, 1st mtge. 5 p. c. $1,000 gold coupon bonds, with
privilege of registration, due June 1, 1943, interest June 1 and Dec. 1, $6,000,000 ; current
account?, $31,767.88 ; accrued interest not due, $4,583.33 ; profit and loss, $52,037.34— total,
$8,840,188.55. Contra: Cost of road and equipment, $4,651,800; materials and fuel, $21,067.60;
capital stock ($1,200,000) and 1st mtge. bonds ($2,900,000), issued for future construction and
held in treasury, $4,100,000 ; material loaned Winnsboro Logging road, $11,326.85 ; current
accounts, $54,484 ; cash, $1,510.10— total, $8,840,188.55. The entire $2,751,800 paid up capi-
tal stock of the company and $2,000,000 of its $3,100,000 outstanding bonds are deposited
with the Central Trust Co. of New York, and are held as collateral trust to the mortgages of
the M., K. & T. Ry. Co., of June 1, 1890. The coupons from these $2,000,000 bonds are not

540 POOR'S MANUAL OF EAILROADS — KAILROAD "SYSTEMS."

payable by the Sherman, Shreveport and Southern Ry. Co. as long as the Missouri, Kansas
and Texas Ry. Co. pays the coupons on its own 1st mtge. bonds, but are cancelled as each
coupon matures. The total interest, therefore, obligatory upon the company ia upon the re-
maining $1,100,000 bonds only, making the interest charge upon the 155 m. at the rate of
only about $350 per mile. The bonds are guaranteed, principal and interest, by the Missouri
Kansas and Texas Ry. Co. Interest payable at 45 Wall St., New York, N. Y. Trustee :
Central Trust Co. of New York.

Directors (elected April 6, 1898).— Henry W. Poor, New York, N. Y. ; C. S. Cobb, Deni-
son, Tex. ; Tom Randolph, Sherman, Tex. ; Wm. B. Munson, Denison, Tex. ; Wm. A. Will-
iams, Greenville, Tex.; Wm. T. Atkins, Jefferson, Tex.; P. H. Foscue, Sulphur Springs, Tex.

HENRY W. POOR, Chairman of the Board New York, N. Y.

W. B. MUNSON, President Demson, Tex.

Vice-President— W. A. Williams Greenville, Tex. Sec. & Aud.—R. N. Marache Greenville, Tex.

Treasurer— John T. Roberts "

Superintendent— E. M. Alvord

PBINCIPAL OFFICE AND ADDRESS Greenville, Tex.

MISSOURI PACIFIC RAILWAY COMPANY.

(For map of this system see page 541.)

Lines of Road Owned, Leased, and Operated :

Missouri Pacific Ry. , Main Line. — Lines represented by capital stock :

{St. Louis, Mo., to Atchison, Kan. (3d St.) 330.11 m.
Central Branch June, to Sarpy County Line 148.65 m.
Levee, St. Louis, Mo., to llth St., St. Louis, Mo. 1.00 m.
Papillion June, to Papillion, Neb 2.35 m.— 482. 11 miles.

Branches and /Spurs (for termini, see statement on page 542):

Qlencoe Branch 4.00 m.

Hlackwater Branch 3.00 m.

Laclede and Creve Coaur Lake Br . . .11.99 m.

Carondelet Branch 12.44 m.

Lebanon Branch 45.04 in.

Lexington Branch 88.46 m.

Jefferson City, Boonville & Lex. Br. .79.25 m.

Lex. & So. Div . . .132.69 m.
Kan. & Ariz. Div. . 61.14 m.

Ottawa Branch 21.62 m.

Nebraska City Br. 26.76 m.
Lincoln Branch... 33.92m.
Crete Branch.. . 58.18m. —

578.49

Proprietary Cos., whose capital stock is owned by the M. P. Ry. Co. :

Omaha Belt Ry 13.12m.

St. Louis, Oak Hill & Carondelet Ry. . 6.80 m.

Nebraska Southern By 16.12 m.

Omaha Southern Ry 28.49 m.

Fort Scott Central Ry 57.05 m.

Nevada and Minden Ry 32.56 m.

Nevada and Minden Ry. of Kan 41.15 m.

Joplin and Western Ry 4.59 m.

Kan. & Col Pac.

Ry. (see p. 555). 1,521.00 m.
Kanopol. & Kan.

Central Ry 14.16 m.

Kan. Southw. Ry. 24.91 m.
Rooks Co. RR. . . 18.25 m.
P. Ry. Co. in

Neb 73.00 m.— 1,850.70

Lines Leased at specified rental :

Boonv., St. Louis <& Southern Ry.: Versailles, Mo., to Boonville, Mo.43.95 m.
Kan. City & Southw. Ry. of Mo.: Cecil to Mo. & Kan. State Line. .20.70 m.
Kansas City & Southw. Ry.: Mo. & Kan. State Line to Paola, Kan. .27.00 m.
Kan. & Col. Pacific Ry.: V. V., I. & W. June, to Deering Jc., Kan.80.62 m.
LeRoy&Caney Vy. Air-LineRR.: L. &C. V. Jc.toPeruJc., Kan. .51.78 m.— 224.05 "

Lines operated under trackage rights :

Central Br. Union Pac. RR..- Atchison (3d St.) to Cent. Br. Jc 1.89 m.

Hannibal & St. Joseph RR.: Atchison, Kan., to St. Joseph, Mo 21.00 m.

K. C. , Ft. Scott & Mem. RR.: Pleasant Hill Jc. to K. C., Ft. S. &M. Jc. 0.54 m.

Union Pacific Ry.: Gilmore Jc. to Summit Jc. R. of W. Line 5.47 m.— 28.90 "

Total mileage Missouri Pacific main line and branches 3,164.25 "

St. Louis, Iron Mt. & So. Ry • \ Hnes ?wned I see D 556 J 1.428.86 m.

•"*" | Lines leased f S('e P- 50t)- ' • } 344.91 m.— 1,773.77 "
Central, Branch Union Pacific RR. and Leased Lines (see p. 556). 388 19 m
Less Connection, duplicated in M. P. and C. B. U. P. P. Tracks. . 1.89 m.— 386.30 "

Total mileage in operation Dec. 31, 1897 5 324 33 miles

Total track on M. P. Ry. and branches (single, 3,164.25 m. ; 2d and 3d, 33.77 m. ;' sidings, etc.,
« *A mo}> 3'I6,?.37 miles- Gauge, 4 ft. 8i in. Rail (steel, 3,532.51 m. ; iron, 236.86 m.), 52,
Ob, oU, DO, and 75 Ibs.

542

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

MISSOURI PACIFIC RAILWAY SYSTEM. — Termini and mileage of all lines, Dec. 31, 1897 :

A. THE MISSOURI PACIFIC RY. MAIN LINE.

Main Line.— Miles.

St. Louie, Mo., to Kansas City, Mo., Fgt. Dent. 383.45
Kansas City, Mo., to Atchison, Kan. (3d St.). . 46.66

Neb. Extension.—

Atchison, Kan., to Cent. Br. June, (a) leased.. 1.89
Cent. Branch June, to Papillion June., Neb. . . 146.56
Papillion June., Neb., to Papillion, Neb 2.35

Sarpy County Extension. —
Papillion June., Neb., to Sarpy Co. Line, Neb. 2.09

Omaha Belt Ry.—
Sarpy County Line to Omaha, Neb 13. 12

Poplar Street Track.—
Levee, St. Louis, to Eleventh St., St. Louis ... 1 .00

St. Louis, Oak Hill and Carondelet Ry. —

Tower Grove, Mo., to Carondelet, Mo 6.30

Laclede and Creve Cam- Lake Branch.—

Lake June. , Mo. , to Creve Cceur Lake, Mo .... 1 1 . 99

Carondelet Branch.—
Kirkwood, Mo., to Carondelet, Mo 12.44

Olencoe Branch. —
Glencoe, Mo., to Lime Kilns 4.00

Lebanon Branch.—
Jefferson C'y, Mo., toBagnell, Mo. (end tr'k). . . 45.04

Boonville Branch.—
Versailles, Mo., to Boonville, Mo. (leased) 43.95

Jeff. City. Boonville & Lex. Branch.—

Boonville, Mo., to Myrick, Mo 76.77

Marshall June., Mo., to Marshall, Mo 2.48

Lexington Branch.—

Sedalia, Mo., to Lexington, Mo 55.45

Lexington Branch (K. C. & E. Ry.).—

Lexington, Mo., to Independence, Mo 33.01

Blackwater Branch.—

WaiTensburg, Mo., to Stone Quarries 3.00

Kansas City and Southwestern Div. (Mo.).—

Cecil, Mo., to Mo. & Kan. State Line (leased). *20.70
Kansas City and Southwestern Div. (Kan.).—

Mo. & Kan. State Line to Southw. Jet'., Kan.

(leased) *27.00

Kansas and Arizona Division.—

Paola, Kan., to Le Roy June,, Kan 61.14

Ottawa Branch.—

Osawatomie June., Kan., to Ottawa, Kan 21 .62

Verdigris Valley Div., K. & C. P. Ry.—

Le Roy, Kan., to Deering June., Kan. (leased) *80.62
Le Roy and Caney Valley Air Line.—

Roper, Kan., to Peru June., Kan. (leased) *51 .78

Lexington and Southern Division.—

Pleasant Hill, Mo., to Carthage, Mo. | °^^" "^

Lex. & So. Div. (C. J. & S. Crk. Ry.).—

Carthage, Mo., to Joplin, Mo 17.23

Jonlin and Western Ry.—

J. & W. June., Mo., to Grand Falls, Mo. . . 4.59

Fort Scott Central Ry.—

L. & S. June., Rich Hill, Mo., to Cornell, Kan. 56.54

Ft. Scott, Kan. (Crawford St.), to Ft. S., W. &
W. Connection 0.11

Coal Spur Track 0.40

Nevada and Minden Ry. —

Nassau June., Nevada, Mo., to Missouri and

Kansas State Line 32.36

Nevada and Minden Ry. of Kan.—

Mo. &Kan. State Line to Chetopa, Kan 41.15

St. Joseph Extension (b).—

Atchisor., Kan., to St. Joseph, Mo. (leased). . . 21,00
Nebraska Southern Ry.—

Nebraska City Jnnc., Auburn, Neb., to June.

with Nebraska City Branch 16.12

Nebraska City Branch.—

June, with Nebraska So. Ry. to June, Weeping

Water, Neb ....... .7 26.76

Lincoln Branch.—

June. Weeping Water, Neb., to Lincoln, Neb.. 33.92
Crete Branch.—

Talmage, Sab., to Crete, Neb 58.18

Omaha Southern Ry.—
Union, Neb., to W. Side Jc., n. Oma. -j

Miles.

28.49
5.47

Total mileage of the Mo. Pacific Main Line 1,512.93

Of which owned tl,259.98

Of which leased 252.95

1,512.93

Total

(a) Used jointly with C. B. U. P. RR.

(b) Used jointly with H. & St. J. RR.

B. MISSOURI PACIFIC RY. BRANCH LINES.
KANSAS AND COLORADO PACIFIC RY.

Council Grove, Otage City and Ottawa Ry. —
Ottawa, Kan., to Council Grove, Kan ........ 69.53

Topeka, Salina and Western Ry. —
Council Grove, Kan., to W. Line Dickinson Co.,
Kan ....................................... 51.25

Mo. Pacific Ry. in Kan.—
W. Line Dickinson Co., Kan., to Salina, Kan. . 19.42

Kansas and Colorado RR. (Main Line). —

Salina, Kan., toE. Line Ness Co., Kan ........ 126.01

Denver, Memphis and Atl. Ry. (Western Div.).—

E. Line Ness Co., Kan., to Kan. & Col. State
Line ....................................... 138.52

Pueblo and State Line RR.—

Kan. & Col. State Line to Pueblo, Col. (leased). *152. 12
Topeka, Salina and Western Ry.—

Coun. Grove, Spur. Jc., to M.,K. & T. Ry. Conn. 0.48
Council Grove, Smoky Valley and Western Ry. —

Gypsum City, Kan., toMarquette, Kan ........ 27.30

Kan. & Col. RR. (Great Bend Branch).—
Hoisington, Kan., to Great Bend, Kan. . ...... 10.01

interstate Ry. —
Monteith June., Butler, Mo., to Madison, Kan. 101.43

Kansas, Nebraska and Dakota Ry.—
Ft. Scott, Kan., to Topeka, Kan ----- .......... 131 .00

Ft. Scott, Wichita and Western Ry.—
Ft. Scott, Kan., to Indian Territory Line ...... 244.45

Gilflllan, Kan., to Stone Quarries (spur) ....... 2.40

El Dorado, Kan., to McPherson, Kan. (branch) 62.40

Wichita and Colorado Ry. —
West Wichita, Kan., to Hutchinson, Kan ..... 46.47

Salina, Sterling and El Paso RR.
Hutchinson, Kan. , to Geneseo, Kan ........... 40 . 10

Den., Mem. & Atl. Ry. (Eastern Div.).—
Chetopa, Kan., to Lamed, Kan ................ 273.04

Grouse Creek Ry. —
Dexter, Kan., to Arkansas City, Kan .......... 25.07

Verdigris Vy., Indep. & West. Div. (leased to
the Mo. Pac. Ry.) ..........................

Total K. & C. P. Ry. proper ................ 1,521.00

Kanopolis and Kansas Central Ry.—

Geneseo, Kau., to Kanopolis, Kan ............ 14.16

Kansas Southwestern Ry. —

Olcott June., Kan., toluka, Kan. (end of track) 24.91
Rooks County RR.—

Alton, Kan., to Stockton, Kan ................ 18.25

Pacific Ry. in Nebraska.—

Warwick, Kan., to Prosser, Neb ............. 73.00

Total mileage of the Mo. Pac. Branch Lines.1,651.32

Of which owned .......................... .1,499.20

Of which leased ................................ 152. 12

Total 1,651 .32

C. ST. LOUIS, IRON MOUNTAIN AND SOUTH-

ERN RY.
Main Line. —
St. Louis, Mo., to Texarkana, Ark 490.19

Fourth St. Spur (St. Louis, Mo.)—
H. B. Connection to Fourth St. Depot 0.30

Kirkwood Branch Connection.—

Kirkwood Br. Conn., to Carondelet, Mo 0.39

Potoai Branch.—

Mineral Point, Mo., to Potosi, Mo . 3.72

POORS MANUAL— MISSOURI PACIFIC RY. CO.

543

Belmont BrancX'.— Miles.

Bismarck, Mo., to Belmont, Mo 120.30

Jackson Branch.—

Allenville, Mo., to Jackson, Mo 16.31

Cairo Branch. —

Poplar Bluff, Mo., to Bird's Point, Mo 70.77

Doniphan Branch. —

Neeleyville, Mo., to Doniphan, Mo 20.50

Helena Branch.—

Knobel, Ark., to Helena, Ark 140.14

White River Branch.—

Diaz, Ark., to Cushman's, Ark 39.39

Memphis Branch.—

Bald Knob, Ark., to W. Appr'h MemphisBdge. 88.15

Conn.W. Appr'h Memphis Bge. to Conn. K. C.,

Ft. S. & M. RR 0.79

Memphis Bridge and Approaches.—

Conn. W. Ap. Memphis Edge, to Conn. I. M.

RR. of Memphis (leased) 2.17

Iron Mountain RR. of Memphis.—

E. Approach Memphis Edge, to Conn. K. C.,
Ft. S. & M. RR. (leased) *0.58

E. Approach Memphis Edge, to Memphis (Cal-

noun St.), Tenn. (leased) *0.49

Camden Branch. —

Gurdon, Ark., to Camden, Ark 33.65

Camden and Alexandria Ry.—

Camden, Ark., to El Dorado, Ark 32.48

Kansas and Arkansas Vy. Ry.—

Coffeyville, Kan., to Van Buren Jc., Ark. O'd). *164.63
Little Rock and Ft. Smith Ry.

Van Buren June., Ark., to Argents June., Ark.

(leased) *158.86

Little Rock Junction Ry.—

Argenta June., Ark., to E.Conn., E.LittleRock,

Ark. (leased) *0.59

Little Rock, Miss. River and Tex. Ry.—

E. Conn., E. Little Rock, Ark., to McGehee
June., Ark 101.19

Houston, Central Ark. and Northern.—
McGehee Jc., Ark., to Tex. & Pac. Ry. Jc., La. 189.85

H., C. A.&N. (jointly with T. & P. Ry.).—
Tex. & Pac. Ry. June., La., to Alexandria. La.
(leased) 0.18

Miles.

Kansas and Arkansas Valley Ry.—

W. Conn., Coffeyville, Kan. (leased) *0.20

Cherokee June., I. T., to Ft. Smith Bch. Conn.,

Ark. State Line (leased). *5.49

Fort Smith Branch. —

Ft. Smith Br. Conn., Ark. State Line, to Green-
wood, Ark 17.63

Kansas and Arkansas Valley Ry. —

E. Conn. Cherokee June, (leased) *0.18

S. Approach Ft. Smith Bdge. to Conn. L. R. &

Ft. S. Ry. (leaser!) *0. 14

Little Rock and ft. Smith Ry.—

Conn. K. & A. V. Ry. to Ft.Smith, Ark. (leased) *0. 15

Ft. Smith, Ark., to St. L. & S. F. Ry. Jc. (lea'd) *3.74
Van Buren Bdge. (jointly with St. L. & S. F. Ry.).—

St. L. & S. F. Ry. June, to Van Buren June.,

Ark. (leased) 1.39

Little Rock and Ft. Smith Ry.—

Van Buren June, to Van Bnren, Ark. (leased) . . *0 .26
Coal Hill Branch.—

Coal Hill Jc., Ark., to end of tr'k, Lloyd's (l«'d). *5.26
Ouita Branch. —

Ouita June.. Ark., to Coal Mines (leased) *0.42

Little Rock and Ft. Smith Ry.—

Ft. Smith Crossing Conn, to near Ft. Smith

Crossing (leased) *o 18

River Track.—

E. Conn., E. Little Rock, Ark., to Union Depot,

Little Rock, Ark 1.28

Little Rock, Miss. Riv. and Tex. Ry.

McGehee June., Ark., to Arkansas City, Ark. . 11 .86
Ouachita Branch.—

Trippe June., Ark., to Warren, Ark 49.40

Houston, Central Ark. and Northern. —

Connections 0.63

Total mileage, S. L., Iron Mount. &So. Ry...l,7r3.i7

Of which owned 1 ,4

Of which leased 344.91

Total.

.1,773.77

Recapitulation of mileage M. P. Ry., system showing distribution by States, Dec. 31, 1897:

NAME OF ROAD.

Miles
Owned.

Miles
Leased.

• Total.

MILEAGE m

Mo.

Kan.

Neb.

Col.

Ind. T.

Ark.

La.

Tenu.

Mo. P. Ry.— M'n L'e.
Mo.P. Ry.— Br.Lines
St. L.,I.Mo.&So.Ry.

Total

1,259.98
1,499.20
1,428.86

252.95
152.12
344.91

1,512.93
1,651.32

1,773.77

812.57
15.61
417.19

415.43
1,412.33
2.41

284.93
71.26

152.12

162.93

1,044.40

144.77

2.07

*4,188.04

*749.98

4,938.02

1,Z45.37

1,830.17

356.19

152.12

168.93

1,044.40

144.77

3.07

* NOTE. — Of the total mileage of leased lines, 749.98 m., as above, 673.39 m. (indicated in the mileage-
statement, pp. 542 and 543 by an asterisk, *) are leased by one System Co. to another, and in adjustment ol
mileage are transferred from " Lines Leased " to " Lines Owned," increasing the mileage owned from 4,188.04
m. to 4,861.43 m., the latter total representing the mileage owned ana controlled by the capital stock of the
Missouri Pacific Ry. Co. Total " Miles Leased," as above, 749.98 m., less 673.39 m. transferred, as previously
shown, leaving mileage leased from foreign companies, 76.59 m., to which add mileage of Central Branch U.
P. Ry. (388.19 m., less 1.89 m. caused by duplication of connection at Atchison, Kan.), 386.30 m., making
total mileage of leased lines 462.89 m., and total mileage in operation, 5,324.32 miles.

Of the main line, 1.89 m., between Atchison Union Depot and Central Branch Junction,
Kan., are owned by the Central Branch Union Pacific RR. The tracks of the Hannibal and
St. Joseph RR. (St. Joseph Extension), from Atchison, Kan., to St. Joseph, Mo., 21 m., are
used under contract. The Boonville, St. Louis and Southern Ry., from Versailles to Boon-
ville, Mo., 43.95 m., is leased at an annual rental of $25,000.

Extract from company's report for 1897 :

NEW CONSTBUCTION INCLUDED IN OPERATING EXPENSES.— In consequence of a change in location of the
Government levee along the Mississippi River at Helena, it became necessary to remove the main track of the
Helena branch to the inside of the new levee. Grading for the new roadbed was commenced in the latter
part of Dec., 1896, and completed in July, 1897, at a cost of $3,591.94. The new track is now being laid.

A double track through girder bridge, 51 feet and one inch in length, with masonry abutments, was
constructed by the St. Louis and Meramec River RR. Co., at a point on the Missouri Pacific Ry. one-half mile
east of Glendale, Mo., to enable the electric line to pass under the double track of the Missouri Pacific Co. at
that point, instead ol making a grade crossing as originally planned by the street railway company. The
structure was completed on Sept. 10, 1897, at an approximate cost of $9,500.00, the expense being entirely
borne by the electric company and the bridge delivered to the Missouri Pacific Ry. Co. free of cost.

544

POOR'S MANUAL OF RAILROADS— RAILROAD " SYSTEMS."

Track to the Trans-Mississippi Exposition grounds at Omaha, Neb., was constructed at an expense of

$1 530 15

' In consequence of the encroachments of the Missouri River, it t
of the main line of the Missouri Pacific Ry. for a short distance, at a

^

it became necessary to change the location
point about 51 miles west of St. Louis,

A masonry culvert" was constructed at Little Rock, Ark., for the improvement of the drainage at that
point, at a cost of $1.750.00.

History.— Incorporated Oct. 21, 1876, and took over the property of the Pacific RR. Co.
of Missouri, which had been sold under foreclosure Sept. 6, 1876. Consolidated, Aug. 11,
1880, with the St. Louis and Lexington, Kansas City and Eastern, Lexington and Southern,
St. Louis, Kansas and Arizona, Missouri River, and Leavenworth, A-tchison and Northwest-
ern RRs. (See MANUAL for 1891.)

During the year 1881 the Missouri Pacific Ry. Co. acquired the ownership of the railroad,
branches, and property of the St. Louis, Iron Mountain and Southern Ry. Co. by an exchange
of three shares of its capital stock for every four shares of that of the St. L, . I. M. & S. Ry.

The Missouri Pacific Ry. Co. leases the Central Branch Union Pacific RR. for 25 years
from Dec. 31, 1885, accounting to the Union Pacific Co. (wliich owns it) for the net earnings.

EXTENSIONS AND BRANCH LINES. — In 1886 the Missouri Pacific Ry. Co. began the con-
struction of a series of branch lines and extensions, " in order to protect the present traffic
of your [the company's] railway and insure its future growth." To provide the means
necessary for this purpose the stock was increased during 1886-87, at various times, from
$30,000,000 to $45,000,000, of which there was outstanding Dec. 31, 1888, $43,974,850, (See
MANUAL for 1890, pp. 534-535.)

CONSOLIDATION OP BRANCH LINES. — For history of the several consolidations of the
branch lines of this company, see MANUAL for 1891, page 786, and MANUAL for 1892, page 798.

Rolling Stock. — Statement of rolling stock, Dec. 31, 1897 :

Mo.P.
Ry.

St.L.,I.M.&S.Ry.

Total.

Mo.P.

Ry.

St.L.,I.M.&S.Ry.

Total.

O'n'd.

Car

Trust-

Total.

O'n'd.

Car
Trust.

Total.

Locomotives :
Passenger

80
187

84

36
114
49

11

48

53
162
49

133
349
133

Freight Cars :
Stock Cars

761

352
119

493

845
119
66
922
1,038
5,057
300

1,606
119
66
1,457
5,228
11,654
669
98
495
297

Freight

Service

66

Total

535
4,190
6,597
369
98
100
176

922
538
2,096
100

'"566
2,901
200

351

65
225
T3

199

65

204

C15

65
294
130

Passenger Care :
Sleeping

Box Cars

Refrigerator Cars .
Salt Cars

Day Coaches

69
57

69

57

Baggage, Mail, & Exp.
Total

Furnitu re Cars

'"J2i

395

395
121

363

9
407
67

126

6
227
71

126

6
227

71

489

15
634
138

Total

Service Cars :
Business & Pay Cars :
Road and Water Cars.
Cinder Cars

12,826

13,672
974

4,314
4,744

4,549
4,549

8,863
9,293

21,689

22,965
882

Car Equipment, All
Classes :
Total

Total

Increase, 1897
Decrease 1897

483

304

304

787

92

PURCHASE OF EQUIPMENT.— During the year, 1,000 box cars and 100 furniture cars were purchased by the
Missouri Pacific Ry. Co., at a cost of $680,164.54. These cars were built with all the modern improvements,
such as air-brakes, safety couplers, steel bolsters, etc.

Statement of earnings, expenses, etc., of the Missouri Pacific and St. Louis, Iron Moun.
tain and Southern Rys. for the year ending Dec. 31, 1897:

EARNINGS.

Missouri
Pac. Ry. &
Branches.

St. Louis
Iron Mt, &
So. Ry.

Total.

EXPENSES.

Missouri
Pac. Ry. &
Branches.

St. Louis
Iron Mt. &
So. Ry.

Total.

Freight
Passenger.
Mail ;
Express
Rent

9,128,663 49
2,108.95540
620,7114 25
181,382 27
38,367 14
907,003 62

$
8,990,647 03
1.890,88801
394,622 72
232,043 31
21,6!)1 76
290,39221

$
18,119,31052
3,999,84341'
1,015,416 97j
413,425 58
60.058 90
1,197,395 83

Transportation
Motive Power

$

3,813,193 58
2,750,575 23
2,003,414 50
883,681 84
287,366 15

$

3,185,79923
2,128,41859
1,460,68521
652,321 30
288,656 21

$

6,998.992 81
4,878,993 82
3,464,099 71
1,536,003 14
576,022 36

Maintenance of Way.
Maintenance of Cars. .
General Expenses

Total

Miscellaneous
Total. . . .

9,738,231 30
3,246,934 87

7,715,880 54
4,104,404 50

17,454,111 84
7,351,33937

12,985,166 17

11,820,28504

24,805,451 fcl

Net Earnings

POOk'ri MANUAL — MISSOURI PACIFIC RY. CO.

545

Statement of passenger statistics, Missouri Pacific and St. Louis, Iron Mountain and
Southern Rys., for the years 1896 and 1897 :

MISSOURI PACIFIC RT.

ST. L., I. M. & So. RY.

TOTAL.

1897

1896

1897

1896

1897

1896

P. c. of

1

1

Passengers Carried :
First and Second Class. .
Foreign and Emigrant..
Special and Excursion..
Commercial Mileage —

1,192,076
110,186
385,870
69,912
389,125
2,087,169

44,726,702
27,403,903
20,558,519
3,736,072
4,&37,791
100,752.987
659.61
26.9
6.1

37.52
248.71
63.09
53.30
11.15
48.27
•
1,206,523 86
526,907 17
25853603
81,636 48
35,351 86
2,108,955 40
92001
.77.604
.17.584

1.01.212
4.78.198
.79.337
1.16.770
.09.085
1.01.044

.02.698
.01.923
.01.258
.02.191
.00.815
.02.093
38,762
106.2
3,751.268
10,277.5
96.8
4.4
171,494
469.9
16,555,606
45,357.8
225.1

1,162,316
102,443
288,888
55,643
680,683
2,289,973

42,477,643
25,521,056
18,559,690
3,710,783
6,158,820
96,427,992
723.70
25.8
5.9

36.55
249.12
64.25
66.69
9.05
42.11
$
1,141,589 30
539,275 30
239,563 80
77,081 72
56,654 12
2,054,164 24
903 14
.76.470
.17.523

.98.217
5.26.415
.82.926
1.38.529
.08.323
.89.703

.02.688
.02.113
.01.291
.02.077
.00.920
.02.130
44,101
120.5
3,737,114
10,210.7
84.7
4.4
192,466
525.9
16,308,857
44,559.7
225.1

1,024,143
153,917
102,064
73,958
32,314
1,386,396

33,163,979
34,284,796
8,153,349
4,171,779
1,169,580
80,943,483
781.61
29.1
5.1

32.38
222.75
79.88
56.41
36.19
58.38
$
914,027 31
764,931 63
107,181 39
87,661 69
17,085 99
1,890,888 01
1,419 32
.90.628
.15.809

.89.248
4.96.977
1.05.014
1.18.529
.52.875
1.36.389

.02.756
.02.231
.01.315
.02.101
.01.461
.02.336
22,393
61.4
2,777,896
7,610.7
124.1
5.7
128,297
351.5
15,925,000
43,630.1
216.2

1,088,777
157,912
93,099
46,298
33,864
1,419,950

34,699,702
35,630,379
7,930,149
4,267,574
1,131,916
83,659,720
S00.53
29.5
5.5

31.87
225.63
85.18
92.18
33.43
58.92
1
951,770 44
795,673 18
112,421 99
90,908 24
17,199 75
1,967,973 60
1,463 34
.91.682
.17.054

.87.416
5.03.871
1.20.755
1.96.355
.50.791
1.38.595

.02.743
.02.233
.01.418
.02.130
.01.520
.02.352
23,640
64.6
2,831,126
7,735.3
119.8
5.4
127,076
347.2
15,219,811
41,584.2
216.2

2,215,892
255,006
427,930
143,87'0
421,439
3,464,137

77,890,681
61,688,699
28,711,868
7,897,851
5,507,371
181,696,470
701.52
27.8
5.6

35.15
241.91
67.09
54.90
13.07
52.45
$
2,120,551 17
1 ,801,888 80
365,717 42
169,298 17
52,437 85
.3,999,843 41
1,099 36
.83jl45
.16.714

.95.697
5.06.592
.85.462
1.17.674
.12.443
1.15.464

.02.722
.02.094
.01.274
.02.144
.00.952
.02.201
61,155
167.6
6,529,164
17,888.2
106.8
5.0
299,791
821.4
32,480.606
88.987.9
220.8

2,250,561
251,170
382,082
101,941
714,547
3,700,301

77,177,345
61,151,435
26.489,839
7,978,357
7.290,736
180:087,712
749.35
27.4
5.7

34.29
243.47
69.33
78.26
10.20
48.67
|
2,093,359 74
1,334,948 48
351,985 79
167,989 96
73,&53 87
4,022,137 84
1,104 37
.83.027
.17.297

.93.015
5.31.492
.92.123
1.64.791
.10.336
1.08.698

.02.712
.02.183
.01.329
.02.106
.01.013
.02.233
67,741
185.1
6,568,240
17,946.0
- 97.0
4.8
319,542
873.1
31,528.668
86,143.9
220.8

'i!s

12.0
41.1

0.9
0.9

8.4

'6!9

2.5

2s!i

7.8
1.3

'3!9
0.8

'6!i

2.9

2CK4
6.2

0.4
T.8

W.\
4.3

'3' 0
3.3

1.5

4i'.6

6.4

'i!6

24.5

-6 '.4
1.5
1.8

'6!e

3.2

29.8

'3^2

29.6
0.6
0.5

s!4

'4!7
7.2
28.6

4,'i
4.1

'e!6

1.4
9.7
9.4
0.6
0.3

'els

5.9

All Classes

Passengers One Mile :
First and Second Clasa..
Foreign and Emigrant . .
Special and Excursion . .
Commercial Mileage
Commutation

All Classes

Passengers per M. RR.(av.)
Passengers per Train (av.).
Passengers per Car (av.). . .
Average Passenger Miles :
First and Second Class. .
Foreign and Emigrant..
Special and Excursion . .
Commercial Mileage

All Classes

* Earnings, Passenger :
First and Second Class..
Foreign and Emigrant.. .
Special and Excursion . .
Commercial Mileage
Commutation

All Classes

t Earnings per Mile RR. . .
t " per Pass. Tr.M.
t " per Pass.CarM.
* Earnings per Passenger:
First and Second Class. .
Foreign and Emigrant..
Special and Excursion..
Commercial Mileage
Commutation

All Classes

* Earnings per Pass. per M.
First and Second Class. .
Foreign and Emigrant . .
Special and Excursion..
Commercial Mileage
Commutation

All Classes

Number Trains Run

Number Trains Daily (av.)
Miles Run by Trains
" D'y(av.)
Miles Run per Train (av.).
Cars per Train (av.)

Cars Moved

" " Daily (av.)
Miles Run by Cars

" " D'ly(av.)
M. Run p. Car p. Day (av.)

* Excludes Mail and Express, t Includes Mail and Express.

PASSENGER TRAFFIC. — With the advent of 1897, a general improvement in business was predicted, and
while this has been realized in many directions, it would appear ft;om facts and figures that the improved
conditions were not of such a character as to proportionately benefit passenger travel until the latter half of
the year. The most practical explanation of this seems to be that the farming element, which constitutes a
large per cent, of the travel of Western roads, being dependent on their produce, did not experience the
benefit of the improved conditions until after they had realized on their crops, as a synopsis of the earnings
for the year shows the entire gain to be for the last five months. In this connection, it would seem proper
to make mention of the adverse conditions existing for passenger travel, caused by the disastrous spring flood,
and later by yellow fever epidemic, during the time of year when the heavy spring and fall travel generally
moves, and it is but fair to assume that, under normal conditions, the increase would have been much greater.
In the annual report for 1896, predictions were made as to the outcome of the electric line competition on
suburban business, based on existing conditions. Unfortunately, the situation has materially changed, and the
increasing competition hag necessitated corresponding facilities being furnished by this company, under which
a further and radical reduction in rates has taken place, and increased train service provided.

546

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

In the local business there was a decrease in the number of passengers carried, with an increase of 2J
p c in the average distance travelled by each passenger, at a slightly increased rate per passenger per mile,
which, however, gave additional revenue to the extent of about $27,000.00. The foreign and immigrant
business, while showing an increased number of passengers carried, and about the same average distance
carried for each passenger, was handled at a slight reduction in the rates, resulting in decreased earnings to
the amount of over $43.000.00.

The special and excursion business shows a large increase in the number of passengers earned (this
business mostly on the Missouri Pacific), and about 8 p. c. increase in the number of passengers carried one
mile, with resulting increased revenue of $13,731.63.

Statement of freight statistics, Missouri Pacific and St. Louis, Iron Mountain and South-
ern Rys., for the years 1896 and 1897 :

MISSOURI PACIFIC RT.

ST. L., I. M. & So. ET.

TOTAL.

1897

1896

1897

1896

1897

1896

P. c. of

6
1

S.4
24.1
14.0

16.1
25.8
20.6
14.0
6.9
5.2

7.1
1.4

5.8

16.8
18.4
17.6
17.0
2.7
8.6

7.8
3~1

....

...

....

...

'4.6

Tons Moved :
Local

3,257,889
2,244,356
5,502,245

529,383,270
536,619,480
1,060,002,750
1,738.88
178.8
12.2

162.49
239.10
193.74
$
4,518,135 97
4,610,527 52
9,128,663 49
3,183 70
1.68.970
.08.449

1.38.683
2.05.428
1.65.908

.00.853
.00.859
.00.856
73,375
201.0
5,962,021
13.334.3
81.3
14.7
5.3
20.0

1,376,122
572,494
1,948,616
5,338.7

87,654,628
31,583,335
79,352,107
39.885,856
119,237,963
31.4

1,194.6
430.4
1,625.1
3,107
6,930
3,179

21,836,395
30,885,856
73.5

3,030,156
1,656,948
4,687,104

463,355,509
388,908,382
852,263,891
1,481.27
161.7
11.4

152.91
234.71
181.83
$
3,830,282 12
3.525,086 13
7,355,368 25
2,593 86
1.55.693
.07.830

1.26.405
2.12.746
1.56.928

.00.827
.00.906
.00.863
66,662
182.1
5,271,690
14,403.5
79.1
14.2
5.7
19.9

1,199,506
535,623
1,735,129
4,740.8

74,835,659
29,984,501
71,768,828
£3,051,332
104,820,160
27.4

1,122.6
449.8
1,572.4
3,230
7,150
2,742

20,500,470
33,051,332
72.4

2,725,29S
1,533,095
4,258,394

571,157,101
512,999,826
1,084,156,927
2,400.76
211.3
12.2

209.58
334.62
254.59
$
4,897,283 95
4,093,363 08
8,990,64703
5,244 61
1.81.285
.07.831

1.79.697
2.67-000
2.11.128

.00.857
.00.798
.00.829
50,619
138.7
5,131,560
14,059.1
101.4
17.3
5.9
23.2

1,040,515
425,693
1,466,208
4,017.0

88,617,453
30,171,293
74.914,495
43,874,251
118,788,746
34.9

1,750.7
596.0
2,346.7
3,236
5,884
2,800

22,977,226
43,874,251
74.6

2,405,972
1,324,785
3,730,75

484,861,34
445,288,673
930,150.022
2,103.29
208.2
11.8

201.52
336.12
249.32
$
4,232,175 66
3 826 367 82

5,165,27
3,213.238

8,438,50S

1,100,540,371
1,049,619,306
2,150,159,677
1,708.89
193.8
12.2

213.07
320.67
254.80
8
9,415,419 92
8,703,890 60
18,119,31052
3,92399
. 1.74.666
.08.141

1.82.288
2.65.911
2.14.722

.00.856
.00.829
.00.843
123,994
339.7
11,093,581
30,393.4
89.5
15.9
5.6
21.5

2,416,637
998,187
3,414,824
9,355.7

176,272,081

61,754,628
154,266,602
83,760,107
238,026,709
33.0

1,421.6
498.0
1,919.7
6,343
12,814
5,979

44,813,621
83,760,107
74.1

4,766,048
2,638,000
7,404,048

948,216,858
834,197,055
1,782,413,913
1,499.40
183.0
11.6

198.95
316.22
240.74
$
8,062,457 78
7,351,45395
15,413,911 78
3,35328
1.70.036
.07.858

1.69.164
2.78.675
2.08.182

.00.850
.00.881
.00.865
111,488
304.6
9,738,294
26,607.3
87.3
15.8
5.9
21.7

2,120,728
935,978
3,056,706
8,351.7

153,534,817
57,194,182
138,237,341
72,491,658
210,728,999
28.2

1,877.1
513.0
1,890.1
6,589
18,412
5,294

43,129,579
72,491,658
72.9

Competitive

Total

Tons One Mile :
Local

Competitive

Total ...

Tons per mile RR. (av.) ....
Tons per train (average)
Tons per loaded car (av.) . .
Average Ton-Miles :
Local

Competitive

Total

'Earnings, Freight:
Local

Competitive . ....

Total

8,058,543 48
4,70802
1.86.964
.07.885

1.75.908
2.88.829
2.16.003

.00.873
.00.859
.00.866
44,826
122.5
4,466,604
12,203.8
99.6
17.6
6.1
23.7

921,222
400,350
1,321,577
3,610.9

78,699,158
27,209,681
66,468,513
39,440,326
105,908,839
29.0

1,755.7
607.0
2,362.7
3,359
6,262
2,552

22,629,109
39,440,326
74.3

^Earnings per Mile RR
tEarnings per Fr. Tr. Mile .
t Earnings per Fr. Car Mile.
* Earnings per Ton :
Local

Competitive

Total

* Earn ings per Ton per Mile:
Local

0.7

ii!2

11.5
13.9
14.2
2.5
0.6

14.0
6.6
11.7
12.0

14.8
8.0
11.6
15.5

"5.9

2.5

6.1
0.9

Competitive

Total

Trains Run

Trains Daily (average)
Miles Run by Trains

" Daily (av.)
Miles Run by Each Tr. (av.)
CarsperTram (av.) Loaded.
Cars per Train (av.) Empty.
Cars per Train (av.) Total. .
Cars Moved :
Loaded. . . .

Empty

Total

Daily (average). . .

Miles Run by Cars :
Loaded

Empty

System

Foreign

All Classes

M's Run p. Car p. Day (av.)
M's Run by Cars in eachTr. :
Loaded (average)

17.0
3.2

i!e

2.9
3.9
5.5
1.6

2^9

a!?

4.5

Empty (average) . . .

All Classes (average).
Foreign Cars on the System
System Can, in Service. . .
Svst. Carson Foreign Roads
Miles Run by System Cars
on Foreign Roads..

Miles Hun hy Foreign Cars
on System . . .

P. c. of Loaded Car Mileage
to Total Car Mileage .....

Excludes Rent and Miscellaneous, t Includes Rent and Miscellaneous.

POOR'S MANUAL— MISSOURI PACIFIC RY. CO.
Statement showing classification of freight carried in 1896 and 1897 :

547

CLASSIFICA-
TION.

THE MISSOURI PACIFIC RAILWAY.

ST. Louis, IRON MOUNTAIN & SOUTHERN RY.

1897
Tons.

Per
Cent.
of
Total.

1896
Tons.

Per
Cent,
of
Total.

Per Cent, of

1897
Tons.

Per

Cent,
of
Total.

1896
Tons.

Per

Cent.
of
Total.

Per Cent, of

Inc.

Dec.

Inc.

Dec.

Prod, of Forest:
Lumber

429,794
209,317

7.8
3.8

338,257
212,919

7.2

4.6

27.1

1,035,337
589,987

24.3
13.9

926,111
608,723

24.8
16.3

11.8

Other Articles
Total

1.7

3.1

639,111

481,137
151,634

11.6

8.7
2.8

551,176

419,834
97,235

11.8

8.9

2.1

16.0

14.6
55.9

1,625,324

181,934
65,743

38.2

4.3
1.5

1,534.834

196,547
50,371

41.1

5.3
1.3

5.9

Ans.ct An. Pro.:
Live Stock . . .
Other Articles

Total

7.4

30.5

632,771

140,010
1,171,006
461
258,425

11.5

2.5
21.3

517,069

123,166
874,185
638
215,487

11.0

2.6
18.7

22.4

13.7
34.0

247,677

164,363
479,447
209,870
336,151

5.8

3.9

11.2
4.9
7.9

246,918

147,138
345,696
143,674
230,809

6.6

3.9
9.3
3.9
6.2

0.3

11.7
38.7
46.1
45.6

Agr. Products:
Flour & Sack-
ed Grain...
Bulk Grain . . .
Cotton

27.7

Other Articles

Total
Mtnuf . & Mdse.
Minerals :
Coal
Iron Ore .
Pig Iron

Total

4.7

4.6

19.9

1,569,902
527,246

1,244,895
310
8,363

28.5
9.6

22.6

1,213,476
442,985

1,192,333
1,715

25.9
9.5

25.4

29 4

1,189,831
518,175

345,919
27,685
13,111

27.9
12.2

8.1
0.7
0.3

867,317
467,865

314,361
3,735
12,328

23.3
12.5

8.4
0.1
0.4

37.2
10.8

10.0
641.2
6.4

19.0
4.4

'si'j'

0.2

4,201

0.1

99.1

1,253,568
879,647

22.8
16.0

1,198,249
764,149

25.5
16.3

4.6
15.1

386,715
290,672

9.1
6.8

330,424
283,399

8.9
7.6

17.0
2.6

Miscellaneous..

Grand TVI,
all classes

5,502,245

4,687,104

17.4

4,258,394

3,730,757

14.1

Revenue deriv'd
therefrom ....
Revenue per ton

$9,128,663.49
.00.856

' $7,355,368.25
.00.863

24.1

$8,990,647.03
.00.829

$8,058,543.48
.00.866

11.6

0.8

4.3

FREIGHT TRAFFIC. — The following is a classified statement of freight carried during
1897 as compared with 1896, showing the percentage of total tonnage to each commodity :

Products of the Forest :
Lumber

1897
p. c.
. 13.2

1896
p. c.
13.4

Manufactures and Merchandise

1897

p. c.
11.9

1896

p. c.
11.9

Other Articles

8.6

9.8

Total

21.8

23.2

Animal and Animal Products :
Live Stock

7.2

7.8

Minerals :
Coal

17 6

18 9

Other Articles

2.0

1.5

Iron Ore

. . 0.3

0 1

Pig Iron . .

0 2

0 2

Total

9 2

9 3

Total

18 1

19 2

Agricultural Products :
Flour and Sacked Grain

2.6

2.8

Bulk Grain

15.1

13.3

Cotton

2.5

1.9

Other Articles

.... 6.0

5.3

Miscellaneous

12 8

13 1

Total . . .

. 26.2

23.3

Total...,

.. 100.0

100.0

The total tonnage of all classes of freight for 1897, as compared with 1896, was increased on the Missouri
Pacific by 815,141 tons, and on the Iron Mountain by 527,837 tons. During the year 1897 there was an increase
in volume of traffic of 14 p. c. over the previous year, the notable increase being bulk grain, although on the
vast increase of tonnage, the relative proportions of the various classification divisions have been found about
the same as the previous year, decreases being as follows: Products of the forest, 1.4 p. c. ; minerals, 1.1 p. c. ;
miscellaneous freight, 0.3 p. c. ; animals and products, 0.1 p. c.

While the revenue has largely increased, the rate per ton per mile still shows a slight decrease; the
average rate per ton per mile, 1896, was 0.865 cent; in 1897, 0.843 cent.

This decrease is largely attributable to the reduction of the average rate per ton per mile on the Iron
Mountain during first six months of the year 1897, during which period there was a falling off even from the
business of the first six months of 1896 in manufactures and merchandise, 7,000 tons; miscellaneous, 12,000
tons; manufactured lumber, 10,000 tons; live stock, 6,000 tons for the half year. On the other hand there was
a large movement of grain to Belmont as against river competition, in connection with barge line; and a
movement of corn to Louisiana for account of drouth sufferers, which was also at a very low rate. The traffic
increased in cotton seed and hay to an extent of 60,000 tons, as also a continuance of the movement of un-

048

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

traffic in Arkansas and Louisiana has developed a material increase and further development is looked for in
the next season's business. Merchandise and manufactures commenced to show a material improvement after
the harvesting of crops, there being an. increase of 85,000 tons on the Missouri Pacific and over 50,000 tons on
the Iron Mountain The products of the forest (unmanufactured) shipments of which were disproportionately

Mountain about 110,000 tons. Miscellaneous freight moved in much greater volume on the Missouri Pacific
Rv , showing an increase of 115,000 tons; the Iron Mountain showed but 7,000 tons increase of this class.
The movement of coal increased on the Missouri Pacific by 50,000 tons, and on the Iron Mountain by 30,000.
There was a slight increased movement of iron ore on the Iron Mountain, amounting to some 25,000 tons.
The pig iron remained about the same on this line, but on the Missouri Pacific increased some 4,000 tons.
There was a decrease in the movement of live stock over the Iron Mountain to the extent of 15,000 tons during
the year, through the Texas stock being diverted from its old channels. The decrease would have been much
greater but for additional movement to the Indian Territory for pasture which increased considerably. On
the Missouri Pacific there was an increase of over 60,000 tons in the movement of live stock. The movements
of the other animal products greatly increased during the year, the Missouri Pacific showing 54,000 tons
increase, and the Iron Mountain 15,000 tons increase.

The traffic conditions for the year generally, were interrupted notably in the spring and in the fall. In
March and April high water caused the abandonment of trains, although these lines probably suffered less than
their near connections, and in some cases detour service performed by this line for connections resulted in
increased revenue; during the existence of this trouble, by considerable effort, the movement to and from
Texas was not interrupted to any extent. During the year, the scarcity of corn which existed in Louisiana
from the previous year's drought, caused a movement in that direction, from Kansas and Nebraska. In the
fall, the yellow fever epidemic interrupted traffic to a great extent and prevented the gathering of a portion
of the cotton crop, which otherwise would have been larger than the bountiful yield that was realized. The
increased yield of cotton also furnished other products — cotton seed and oils, etc., that added to the general
tonnage moved. In addition to the interruption of traffic by the fever, early in Oct. Colorado west-bound
rates were greatly demoralized, owing to the action of the water lines from New York via Galveston, and
considerable traffic was thus diverted from the line, since it was deemed best not to attempt to obtain freight
upon the competitive divisions and rates, which in some cases were below the cost of transportation.

Condensed income account, The Missouri Pacific Ry., and St. Louis, Iron Mountain and
Southern Ry. , separately and consolidated, for the year 1897, compared with the previous year :

MISSOURI PACIFIC RY.

ST. Louis, IRON MOUN.
& So. RY.

TOTAL.

1897

1896

1897

1896

1897

1896

Difference

( + or -).

Income.
Gross Earnings

*

12,985,166 17
9,738,231 30

$
11,065.391 57
9,052,405 12

$
11,820,285 04
7,715,880 54

10,946,568 92
7,438,859 64

24,805,451 21
17,454,111 84

$

22,011,96049
16,491,32476

$

+2,793,490 72
+ 962,78708

Lt;ss Oper. Expenses . .
Net Earnings

3,246,934 87

21,314 92
515,701 62
20,00000
230,837 53

2,012,926 45

21,170 37
346,385 05
20,00000
107,259 08

4,104,404 50

3,507,709 28

7,351,339 37

21,314 92
550,716 55
20,00000
234,24084

5,520,635 73

21,170 37
370,785 05
20,00000
120,536 67

+1,830,703 64

+ 14465
+ 179,93150

Other Earnings

Dividends Received. ...
Kentals Received
Sundry Amounts

Other Income

35,014 93

24,40000

3,40331

13,277 59

+ 113,70417

787,854 07

494,814 50

38,418 24

37,677 59

826,272 31

532,49209

+ 293,78022

Total Income

Charges.
Inter't Accrued on Bds.
Taxes .

4,034,788 94

3,058,437 50
640,744 38
116,18204
125,608 79

2,507,740 95

3,034,223 95
649,6:38 05
115,848 71
158,645 24

4,142,822 74

2,378,850 86
270,877 95
381,09500
710,694 38

3,545,386 87

2,516,476 45
273,10001
381,095 00
185,862 01

8,177,611 68

5,437,288 36
911,62233
497,277 04
836,303 17

6,053,127 82

5,550,700 40
922,738 06
496,943 71
344,50725

+ 2,124,483 86

-113,412 04
-11,11573
+ 33333
+ 491,79592

Rentals Paid

Sundry Amounts
Total Charges

Net Surplus or Deficit.
Surplus at end of pre- i

3.940,972 71

93,816 23
* 65,(i28 55

3,958,355 95
*1,450,615 00
1,384,98645

3,741,518 19

401,304 55
1,650,693 59

3,356,533 47

188,a53 40
l",461,840 19

7,682,490 90

495,120 78
1,585,065 04

7,314,889 42

*1, 261,761 60
2,846,826 64

+ 367,601 48

+ 1,756,882 38

Balances of Inc. Ace. 1
nt end of Year, Deb. f
Balancex of Inc. Ace. /
at end of Year, Or. )"

65,62855

28,187 68

2,051,998 14

1,650,69359

2,080,185 82

1,585,06504

+ 495,12078

* Deficit.

POOR'S MANUAL — MISSOURI PACIFIC RY. CO.

549

Income Account, Missouri Pacific Ry. Co., year ending Dec. 31, 1897.

Operating Expenses : $ $

Conducting Transportation. 2,928,267 87

Motive Power 2,028,589 92

Maintenance of Way 1,125,135 75

Maintenance of Cars 821,610 30

General Expenses 219,390 44— 7,122,994 28

Net Earnings 3,234,244 24

Balance of Income Account,
Jan.l, 1897

10,357,238 52
65,62855

Accrued Interest on Bonds :
1st Mtge., Pac. RR. of Mo. . . .280,000 00

2d Mtge., Pac. RR. of Mo 128,650 00

R E. Security, Pac. RR. of Mo. 40,00000
1st Mtge., Pac. RR. of Mo.,

Carondelet Branch 10,687 50

3rd Mtge , Mo. Pac. Ry 267,960 00

1st Mtge., The Mo. Pac. Ry.,

Lexington Branch 32,500 00

Consol.Mtge.,TheMo.Pac.Ry.894,24000

Trust, Five per Cent 718.800 00

1st Collateral Mortgage 350,000 00

5 p. c. Gold Funding Notes. . .335,600 00— 3,058,437 50

Taxes :

Prior to 1897 65,197 20

For Year 1897 272,403 14

Branch Lines 303,144 04— 640,744 38

Rentals, Account Leased Roads :
Boonville, St. L. & So. Ry . . . . 25,000 00
Han'balA St. Jos. RR., Track. 10,50000
Kan. City, St. Jos. & Council

Bluffs RR., Track 7,00000

Central Br. U. P. RR. (Atchi-

son to Central Br. Junction) 7,382 04
Leroy & Caney Vy. A. L. RR. 28,000 00
Verdigris Vy., Ind. & W. RR. 40,300 00- 116,182 04

Sundry Amounts :

Interest and Exchange 103,226 60

U. S. Gov. Deduction Account

LandGrant 1,03506

Traffic Association Expenses. 20,21634
Excess Expenses over Earn'gs

Kansas Central Elevator. . . . 1,130 79—

To Balance to Credit of Income
Account, Dec. 31, 1897

125,60879

28,18768

Total ... 4,034,788 94

Earnings : $ $

Freight 7,168,98394

Passenger 1,648,315 16

Mail 468,088 81

Express 145,53724

Rent 37,303 64

Miscellaneous 889,009 73—10,357,238 52

10,357,238 52

Surplus, Earnings Main Line. .3,234,244 24

Branch Lines Surplus 12,690 63

Net Earnings 3,246,934 87

Waterloo & Carondelet Turn-
pike & Ferry Co. Earnings. . 48,042 02
Less Expenses 26,72710— 21,31492

Dividends Received :

Coal Companies 284,287 00

Am.Refrigerator Transit Co. 23,742 95
St. Louis and Miss. Valley

Transportation Co 1,740 00

Baring Cross Bridge Co 10,500 00

Pacific Express Co 72,000 00

Union Depot Companies 7,675 00

Southw. Lead <fc Zinc Works. 1,99000
Int. on Gen. Con. Ry. and

Land Grant Bonds St. L. , I.

M. & So. Ry. in Treasury.. 50,40000
Int. on 5 p. c. Gold Funding

Notes, St. L., I. M. & So.

Ry., in Treasury 63,36667— 515,70162

Rentals, Account Leased Roads :
Iron Mountain RR. of Mem-
phis, for Term'l Facilities.

Sundry Amounts :

Sleeping Car Earnings

Discount and Premium

Miscellaneous Receipts :
Unclaimed Wages, Vouch-
ers, Pay Checks, etc

Amount returned from Gen-
eral Insurance Fund 100,000 00 —

108,331 91
5,709 52

16,796 10

20,00000

230,83753

Total 4,034,788 94

General Balance Sheet, Dec. 31, 1897.

Cost of Road, Eqnipm't, etc. .

Supplies and Mat'] on Hand..

Inves'ts in Stocks and Bonds

Expenditures Account of Con-
struction and Proj. Lines. ..

Cash:

In hands of Treasurer, Local

Treasurer and Paymasters

In Transit, Account Agents

5 p. c. Gold Funding Notes in
Tr

52,038,881 88

800,519 40

56,540,174 24

211.410 89

513,228 95

575,262 42- 1,088,491 37

easury 1,414,00000

5. p. c. Gold Funding Notes St.

L., I. M. & S. Ry. in Treas. 1,266,000 00- 2,680,000 00
Sundry Accounts Collectible :

Agents and Conductors 355,81098

U. S. Gov't (Mail Service) . . 254,424 27
U. S.Gov.Trans.Fgt.& Pass. 8,527 48

Pacific Express Co 44,209 26

Kans. Cy.,Northw. RR. Co.,

Cash Advances 511,18020

Sundry RRs. and Indiv'ls. . . 982,086 43
Foreign Roads, Acct. Over-
charges refunded 40,00128

Notes Receivable 1,13953- 2,197,37943

Old Rails on Hand (at Carondelet) 6,719 13

Sundry Property Accounts : Elevators,

Town, Lots, etc 60,393 01

Advances to Sundry Agts. : await'g adjust. 134,200 13
Total Assets .115,758,169 43

Capital Stock; (includ. amount

S

73,547 50

47,442;375 00
62,138,000 00

994,85270

exch'ged for Capital Stock
of St. L., I. M. & S. Ry.).
Funded Debt (see page 551). .
Interest Due and Accrued :
Due and Uncalled for ......

Accrued but not Due ....... 921,30520—

Accounts Payable :
Vouchers prior to Dec., 1897 749,928 62
Pay Rolls for Dec., 1897, due
Jan. 15, 1898 ............ 904,42453

Vouchers for Supplies for

Dec.,1897,dne Jan. 20,1898 883,002 54
Pay Checks Outstanding . . . 64,032 16
Notes Payable .... ......... 464,926 60

Due to Sundry RR. Com-

panies and Individuals . . . 272,338 23— 3,338,652 68
Loans Payable, Secured by
Collateral ........................... 1,325,85048

Special Fund Accounts ; Insurance, etc. . 102,60698
Due to St. L., I. M. & S. Ry. Co .......... 207,261 04

Balance due on Account of Operation of
Central Bch. U. P. RR ................. 180,382 92

Balance of Income Account Dec. 31 , 1897. 28,187 68

Total Liabilities I15,?58,ltiit 48

550

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Statement of operations, M. P. System, and capital account of the M. P. for seven years:

1891

1892

1893

1894

1895

1896

1897

Av. Mileage Operated. .
Passenger Train Miles.
Freight Train Miles
Passengers Carried ....
Passenger Mileage
Tons Freight Moved. . .
Tons Freight One Mile.

Earnings— Passenger. . .
Freight
Other

5,288.61
6,752,735
10,829,062
5,309,821
213,416,030
7,597,178
1,719,470,173
$
5,070,048
18,224,486
2,623,572

4,956.96
6,584,015

11,476,425
5,081,277
211,596,021
8,504,534
2,040,306,325
$
4,729,292
19,075,593
2,539,904

4,985.13
6,557,201
10,650,259
4,730,238
204,193,055
7,792,701
1,823,652,085
$
4,606,882
16,811,363
2,600,094

4,991.86
6,347,021
8,969,864
4,360,434
178,811,052
6,772,669
1,593,880,663
$
3,992,580
15,374,833
2,433,233

4,937.72
6,426,345
9,348,940
4,473,587
193,835,094
7,169,166
1,608,150,603

4,236,931
15,895,299
2,539,774

4,938.02
6,568,240
9,738,294
3,700,301
180,087,712
7,404,048
1,782,413,913
$
4,022,138
15,413,912
2,575,911

4,938.02
6,529,164
11,093,581
3,464,137
181,696,470
8,438,509
2,150,159,677

3,999,843
18,119,311
2,686,297

Total Earnings
Operating Expenses . . .
Net Earnings

25,918,106
18,495,357
7,422,750
4,905 94
3,500 92
1,405 02
71.361 p. c.
2.376 c.
1.060 c.
$0.95484
2.39885
1,241.19
1,609.92
1,398.03
337
255
68
12,369
214

$

47,432,850
51,376,000
1,177,042
6,417,047
3,530,198

26,344,789
19,238,188
7,106,601
5.314 71
3,881 05
1,433 66
73. 03 p. c.
2.235 C.
0.935 C.
$0.93073
2.24299
1,254.97 .
1,640.25
1,605.42
337
267
70
12,714
216
$
47,436,575
54,012,000
838,939
7,081,363
4,248,815

24,018,339
18,257,168
6,761,171
4,818 00
3,662 33
1,165 67
76.01 p. C.
2.256 c.
0.922 c.
$0.97392
2.15732
1,254.91
1,647.32
1,619.49
351
281
77
12,484
230

47,436,575
54,012,000
921,310
6,886,082
4,337,687

21,800,646
16,483,476
5,317,170
4,367 24
3,302 07
1.065 17
75.61 p. c.
2.233 c.
0.965 c.
$0.91564
2.27013
1,259.50
1,654.39
1,632.51
351
281
77
12,293
297
$
47,436,575
54,012,000
929,187
6,248,184
2,205,847

22,672,004
17,021,140
5,650,864
4,558 25
3,422 13
1,136 12
75.08 p. c.
2.186 C.
0.988C.
$0.94710
2.21718
1,259.89
1,661.68
1,647.46
351
281
77
12,179
304

47,442,250

62,268,000
986,866
.',347,K!K)
1,384,986

22,011,%!
16,491,325
5,520,636
4,457 65
3,33966
1,11799
74.92 p. c.
2.233 C.
0.865 c.
$1.08698
2.08182

1,259.98
1,664.03
1,659.91
351
290
75
11,985
348

47,442,375
62,138,000
987,810
3,771,141

24,805,451
17,454,112
7,351,339
5,02336
3,53464
1,48872
70.36 p. C.
2.201 c.
0.843 c.
$1.15464
2.14722
1,259.98
1,668.47
1,666.35
351
290
73
12,650
659
$
47,442,375
62,138,000
994,853
5,154,754
28,187

Gross Earnings p. Mile.
Expenses per Mile
Net Earnings per Mile.
Expenses to Earnings. .
Av. Rate p. Pass. p. M.
Av. Rate p. Ton p. Mile
Revenue per Passenger.
Revenue per Ton

Miles RR. Owned

Miles Track Owned
Miles of Steel Rail.....
Locomotives

Passenger Cars

Baggage, etc., Cars.. .
Freight Cars

Caboose and Other Care
Capital Stock

Funded Debt

Unpaid Interest

Sundry Liabilities

Profit and Loss

Total Liabilities....

Road, Equipment, etc. .
Real Es'te, lnvest's,etc.
Stocks and Bonds, etc.
Materials and Fuel
Sundry Accounts

109,933,137
50,639,208

113,617,692

49,978,136
742,921
56,619,395
705,709
4,a37,850
1,233,681

113,593,654
51,144,715

112,831,793
51,191,429

116,429,998

51,242,075
216,175
59,985,569
1,041,245
2,927,028
1,017,900

114,339,326

51,357,164
252,008
59,195,221
835,286
2,134,984
499,034
65,629

115,758,169

52,038,882
271,804
59,220,174
807,238
2,331,580
1,088,491

61,766,390
775,585
5,778,276
973,678

56,080,395
738,289
4,971,717
658,538

56,108,173
734,371
3,790,299
1,007,521

Cash on Hand

Profit and Loss

Total Assets

109,933,137

113,617,692

' 113,593,654

112,831,793

116,429,992

114,339,326

115,758,169

NOTE.— In above table the operations of the Central Branch Union Pacific and the Sedalia, Warsaw and
Southwestern RRs. are included in years prior to 1892, but are omitted for the years 1892 to 1897.

Statement showing amounts paid to and received from other lines, account rentals of
tracks during the year 1897 :

Name of Road Leased
From or To.

From

To

Miles
Leased.

AMOUNT or
RENTAL.

NET AMOUNT.

Paid.

Received.

Paid.

Received

The Missouri Pacific RR. Co.:
Boonville, St. L. & So. Ry. . .
Hannibal & St. Joseph RR. ,
Kan. C., St. J. & Coun. Bl.RR.

Cent. Br. Union Pacific RR. j

Verd. Vy., Tnd. & West. RR..
Le Roy & Caney Vy .Air L.RR.
St. Louis, Iron Mt. & So. Ry. .

Total

Boonville.Mo.
Rushville.Mo.
Winthr'p.Mo.
Atchie'n,Kan.
Inc. Jnt. Prop
Le Roy, Kan..
Roper, Kan. . .
Ter-Facilities.

Versailles, Mo..
St. Joseph, Mo.
Rushville, Mo. .
Cent'l Br. Jet. |
erty fit Atch.. f
Deering, Kan...
Peru, Kan
Memphis, Tenn.

43.95
[21.00

1.89
80.62
51.78

$
25,00000
10,500 00
7,00000

7,38204

40,30000
26,00000

$

$

$

' 26,600 66

116,18200

26,520 00
163,975 00
170,600 00
20,00000

20,00000

96,182 00

St. Louis, Iron Mt. & So. Ry . . .
Little Rock June) ion Ry
Little Rock & Ft. Smith Ry . .
Kansas & Arkansas Vy. Ry. .
The Missouri Pacific Ry "

Total

LittleR'kArk.
Argenta, Ark.
Ft. Sm.,Ark..
Ter-Facilities.

Argenta, Ark...
Ft. Smith, Ark.
Coffyville.Kan.
Memphis, Tenn.

.59
171.51
170.64

381,09500

381,095 00
477,27700

Total All Lines

POORS MANUAL — MISSOURI PACIFIC RY. CO.

551

Statement of funded debt of the Missouri Pacific Ry. Co., leased, operated, and inde-
pendent lines, Dec. 31, 1897:

MORTGAGES.

Date of
Mortgage.

Date of
Bond.

Maturity
of Bond.

AMOUNT.

Rate of
Infest.

Total
Annual
Interest.

Anth.

Ontstand'g.

The Missouri Pacific Ry. :
Pac. RR. (of Mo.) 1st Mtge., ext.

July 15, 1868
July 1,1871
Apr. 19, 1872
Oct. 1,1873

Nov. 1,1876
Oct. 1,1880
Nov. 1,1880

Jan. 1,1887
July 15, 1890

Mar. 1, 1895

Ang 1, 1868
July 1, 1871
May 1,1872

Oct. 1,1873
Less held in

Nov. 1, 1876
Oct. 1,1880
Nov. 1, 1880

Jan. 1,1887

Ang. 1, 1890
Less held in

Mar. 1, 1895
Less held in

Aug. 1, 1938
July 1, 1938
May 1,1938

Oct. 1, 1938
the Treas'y.

Nov. 1, 1906
Aug. 1,1920
Nov. 1, 1920

Jan. 1, 1917

Aug. 1, 1920
the Treas'y.

Mar. 1, 1905
the'Treas'y.

S

7,000,000
3,000,000
800,000
500,000

4,500,000
650,000
30,000,000

15,000,000
10,000,000

8,256,000

$

7,000,000 00

2,573,000 00
800,00000

245,00000
7,50000

p. c.
4 gold

5 cnr'cy
5 cur'cy

4} gold
7 cur'cy
5 gold
6 gold

5 gold
5 gold
5 gold

5 gold
5 gold

figold
6 gold

4J cur.
5 gold
5 gold

5 gold
•7 gold

5 gold

7 cur'cy
6 cnr'cy
5 gold

S

280,00000

128,65000
40,000 00

10.68750
267,960 00
32,50000
894,24000

718,800 00
350,00000
335,60000

Pac. RR. (of Mo.) 2d Mtge., ext.
from July 1, "91

Pac. RR. (of Mo.), St. Louis City
R. Est. Mtge., ext. fr. May 1, '92
Pac. RR. (of Mo.),CorondeletBr.,
1st Mtge., ext. from Oct. 1, '93.

Missouri Pac. Ry. Co., 3d Mtge. .
Mo. Pa.Ry.Co., Lex.Div.,lst Mtg.
Mo.Pac.Ry.Co.,Consol. 1st Mtge.
Trust 5 p. c., covering deposit
with Trustee of the Subsidiary
Bonds described below

237,50000
3,828,000 00
650,00000
14,904,000 00

14,376,000 00

9,636,000 00
2,636,000 00

1st Coll. Mtge., covering deposit
with Trustee of the Subsidiary
Bonds described below

5 p. c. Gold Funding Notes, cov-
ering deposit with Trustee of
Sundry Investments .-.

7,000,000 00

8,126,000 00
1,414,000 00

Total

6,712,000 00

62,138,000 00

806,00000
520,00000

3,058,437 50

40,300 00
26,00000

Mo. Pac. Ry. Leased Branches :
V. Vy., Ind. & West.RR., 1st Mtg.
Le Roy & C. V. Air L. RR., 1st M.

Total

Feb. 1, 1886
July 1, 1886

Feb. 1, 1886
July 1, 1886

Mar. 1, 1926
July 1, 1926

10 M. p.m.
10 M. p.m.

1,326,00000

1,000,00000
225,00000

66,30000

Interest ac-
crues to Mo.
Pac. Ry. Co.

Independent Branch Lines not cov-
ered by Trustor Collateral Bonds:
Ft.S.,W.& W. Ry., Inc. 2d Mtg.
Kanop. <fc Kan. Cent. Ry., 1st 3.

Total

Aug. 1, 1887
Oct. 1,1887

Aug. 1, 1887
July 1, 1887

Jan. 1,1917
July 1, 1937

1,000,000
15 M. p.m.

1,235,00000

4,000,000 00
2,500,000 00
6,000,000 00

30,350,00000
44,60750

4,723,000 00

180,00000
125,00000
300,00000

1,517,500 00
2,96083

236,150 00
2,361,61083

163,975 00
26,10000
170,600 00

St. L., IronMonntain & South. Ry.:
St. L. & I. M. RR. Co., 1st Mtge.,
extended from May 1, 1897
St. L. & I. M. RR. Co., Ark. Br.,
1st Mtge., ext. from June 1, '95.
St. L. & I. M. RR. Co., 2d Mtge.,
extended from May 1, 1897 ...
St. L., I. M. & S. Ry. Co., Gen.
Consol. Ry. and Land Grant. . .
Ditto, 1st pref . Income

Aug. 1, 1867
Apr. 15, 1870
May 1, 1872
Mar. 15. Ib81

Aug. 1, 1867
June 1, 1870
May 1, 1872

Mar. 15, 1881
Jan. 1, 1879

Mar. 1, 1895

Aug. 1, 1947
June 1, 1935
May 1, 1947

Apr. 1, 1931
Apr. 1, 1914

Mar. 1, 1905

4,000,000
2,500,000
6,000,000

45,000,000
4,184,000

4,744,000

5 p. c. Gold Funding Notes, cov-
ering deposit with Trustee of
Sundry Investments

Mar. 1,1895

Total

47,617,607 50

2,342,500 00
435,00000
3,412,000 00

Little Rock and Fort Smith Ry. :
L. R. & Ft. S. Ry., 1st Mtge
Little Rock Junction Ry. :
L. R. Jet. Ry., 1st Consol. Mtge.
Kan. & Arkan. Valley Ry.:
Kan. & Ark. Valley Ry., 1st Mtge.

Dec. 19, 1874
Apr. 1, 1891
May 20, 1887

Jan. 1, 1875
Apr. 1, 1891
July 1, 1887

Jan. 1, 1905
Apr. 1, 1916
Jan. 1, 1937

3,000,000
435,000
20 M. p.m.

Charges against Expenses of Baring Cross Bridge.
Baring Cross Bridge Co., 1st Mtge. Apr. 19, 1873 Apr. 19, 18731 Apr. 19, 18981 300,000

200,00000 7 gold

14,00000

The following is a detailed description of the bonds outstanding :

The Pacific RR. of Missouri 1st mtge. bonds are secured on the main line from St. Louis, Mo., to
Kansas City, Mo., 283.74 m., with rolling stock, machine shops, and depots — average per mile, $24,735. Bonds
are for $1,000 each, coup., with privilege of registration; originally 6 p. c., dated July 15, 1868, and matured
Aug. 1, 1888; extended for 50 years from the latter date, at the rate of 4 p. c. Trustee: Mercantile Trust Co.,
New York, N. Y.

552 POORS MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

The Pacific RR. of Missouri 2d mtge. bonds are secured on the same line as, but subject to, the 1st
mtgo They are for $1,000 each, and have a sinking of $50,000 per annum. These bonds were extended
for 47 years at 5 p. c. from July 1, 1891. Average per mile, $9,092. Trustees: Edwin D. Morgan and Joseph

gThe 'real estate mtge. currency bonds (P. RR. of Mo.) are secured on four blocks of ground in the city
of St Louis, Mo., valued at $2,500,000. Bonds Nos. 1 to 600 are for $1,000 each, and from Nos. 601 to 1,000
for $500 each These bonds matured May 1, 1892, and were extended 46 years at the rate of 5 p. c. ; principal
and interest payable in New York, N. Y. Trustees: R. J. Lackland and Dwight Durkee.

The Carondelet Branch (P. RR. of Mo.) 1st mtge. bonds are secured on the line from Kirkwood, Mo.,
to Carondelet, Mo., 12.44 miles. They are for $1,000 each. Coupons payable at the National Bank of Com-
merce, New York, N. Y. Average per mile, $18,846. Trustees: Jesse Seligman, New York, N. Y. ; James
Baker, St. Louis, Mo.

The 3d mtge. (Mo. Pac. Ry.) bonds of 1906 were issued at the time of the organization of the original
Missouri Pacific Ry. Co. as successor to the Pacific RR. of Missouri in 1876. These bonds are secured by 3d
mtge. on the main line and the Carondelet Branch, forming the old Pacific RR. of Missouri. Total issue,
$4,500,000, of which $672,000 were exchanged for consol. mtge. bonds, leaving outstanding $3,828,000 as above.
They are for $1,000 each. Interest payable at office of Mercantile Trust Co., New York, N. Y. Trustee:
Central Trust Co., New York, N. Y. Average per mile, $12,932.

The Levin gt on Division bonds are secured by 1st mtge. on the line from Lexington, Mo., to Sedalia, Mo.,
55.5 miles. They are $500 and $1,000 bonds. Interest payable at office of Mercantile Trust Co., New York,
N. Y. Trustee: Jesse Seligman, New York, N. Y. Average per mile, $11,818.

The amount of consol. mtge. bonds authorized is $30,000,000, of which $15,096,000 are reserved to cover
prior liens. The bonds outstanding ($14,904,000) are secured on the Missouri Pacific Ry. main line (482.11 m.),
and branches (578.49 m.), aggregating 1,060.60 m. (see page 540); also upon all franchises, rolling stock, etc.,
now owned or that may be hereafter acquired. Bonds are for $1,000 each, coup., with privilege of registration
as to principal. No sinking fund. Interest payable at the office of the Mercantile Trust Co., New York, N. Y.
Trustees: John F. Dillon and Edward D. Adams. Average per mile, $14,058.79.

The trust 5 p. c. bonds were issued under authority of a resolution of the stockholders, adqpted Dec. 10,
1886, and are secured by a deposit in trust of 1st mtge. bonds of railway companies controlled or operated as
part of its system by the Missouri Pacific Ry. Co. The issue of this series of bonds is limited to actually
completed mileage of railroads whose 1st mtge. bonds are deposited in trust as above. (For statement of the
companies issuing the underlying bonds and description of same, see below.) These bonds are for $1,000 each,
and may be registered as to the principal only, with the coupon still attached, or as to principal and interest,
with the coupons detached and cancelled. Bonds can be registered at the office of the Mercantile Trust Co.,
where also the interest is payable. Issue limited to $15,000,000. Trustee: Union Trust Co., New York, N. Y.

The collateral trust bonds were issued by authority of the stockholders at a special meeting held July
15, 1890, in pursuance of a plan for discharging the floating debt and for providing means for the persecution
of current construction and improvements. Issue is limited to $10,000,000; to be issued at a rate not exceed-
ing 80 p. c. of the par value of the deposited and underlying 1st mtge. bonds of auxiliary companies. (For
statement of securities covered by the collateral trust bonds, see page 553. Bonds are for $1,000 each. They
may be registered as to principal only, with the coupon still attached, or as to principal and interest, with
the coupons detached and cancelled. Interest payable at the office of the trustee, the Mercantile Trust Co.,
New York, N. Y.

Statement showing resources of the Missouri Pacific Ry. Co., and their application dur-
ing the year 1897 :

Resources : f

Net Earnings, as per Income Account, on page 548 3,346,93487

Miscellaneous Credits to Income Account : $'

Waterloo and Carondelet Turnpike and Ferry Co., Net Earnings 21,314 92

Dividends Received \\ ,'.'/. 515/701 62

Rentals Account Leased Lines 20 QQO oo

Sundry Amounts. .'.'.'.'....'.'.'.'.'.'.'.'.'.' 230,837 53— 787,85407

Increase in Liabilities during Year 1897 :

Interest Due, not called for 7 Q42 50

Vouchers and Pay Rolls ' 485*918 80

Notes Payable ..'.......'.'....!*.'.'.".'.".".'...'.'.'.'.'.'.;!". 401 ',876 43

Pay Checks Outstanding 7 ggg 15

Due to Sundry Railroads and Individuals .'...' .'.' " 139 706 96

Receivers General Branch U. P. RR., Current Account '. '. 180 382 92

St. Louis, Iron Mountain and Southern Ry., Current Account 207,261 04— 1,430,177 80

Decrease in Assets during Year 1897 :

Due from Pacific Express Co 292 53

Due from Foreign Roads, Overcharges Refunded .... '..'.'.'. 14 197 86

Notes Receivable .....'.. 7 887 65

Old Rails at Carondelet ......'..'.. ' 84' 614 12

Receivers Central Branch Union Pacific RR., Current Account.! 59*21823

St. Louis, Iron Mountain and Southern Ry. , Current Account .........'.. '. '. '. '. '. '. . 166,383 80— 332,594 19

Total 5,797,56093

Application of Resources :
Miscellaneous Charges to Income Account :

Interest Paid on Bonds ... S3 051 395 00

Increase in Interest Due, not called for .".'.".....'.'.'.'.'.'.'.'.'. ' 7,042 50 3 058437 50

Taxes '640*744 38

Rentals, Account Leased Lines. .. ' 116*18204

incrS^eTduring Year i897^ ::: -I:.::::::::::::::::::::::::::::: 125:60879-3,940,97271

Additions to Property.. . ,501 -17 70

Materi-il and Supplies '..'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'." 56*566 81

Expenditures Account Construction and Projected Lines " ' <M4fi OS

Investments i~ i«r «s

Cash 011 Hand and iu Transit.'... .'.".'.'.".'.'.'.".".'.'.'.'.'.'.' '.'.'....'.'.'.'.'.'.'.'! .' .'.'.'.'.' '. '.' 589,'457 48

Continued on next page.

POOES MANUAL — MISSOURI PACIFIC RY. CO.

553

Due from Agents and Conductors 151.526 14

Due from United States Post Office Department, Ma
Due from United States War Department, Transport
Due from Sundry Railroads and Individuals ....

il Service « 3,667 22

ation 3,699 90

. 142.727 05

Cash Advances to Kansas City Northwestern KR 127,25460

Collectible Interest Accrued 66 67

Advances to Sundry Agents awaiting Adjustment 36.738 45 Si

St. Louis, Iron Mountain and So. Ry. 5 p. c. Gold Fu
Decrease in Liabilities during Year 1897 :

nding Notes in Treasury . . 4,000 00— 1,817,066 06

39,52216

Total

$5,797,56093

Statement showing investments in stocks
Pacific Ry. Co., Dec. 31, 1897 :

No. of
DESCRIPTION. Shares or Amount.
Bonds.

I. SECURITIES OWNED :

(A.) Deposited as Security for Issue of Trust and Col-
lateral Bonds and Gold Funding Notes :
1. For Issue of Trust Five per cent. Bonds (total par,
$17.215,000; cost to company, $14,376,000):
Firet Mortgage Bonds:
Kansas and Colorado RR.... 2,041 $2,041,00000
Den., Mem. & Atlantic Ry... 6,561 6,561,00000
Pueblo & State Line RR. . . . 2,270 2,270,000 00
Ft. Scott, Wichita & W. Ry . 1 Bond 4,666,000 00
Wichita & Colorado Ry 705 706,000 00
Salina, Ster. & El Paso RR.. 600 600,000 00
Kansas Southwestern Ry . . . . 372 372,000 00

2. For Issue of First Collateral Mortgage Bonds (total
par, $12,045,000 ; cost to company, 19,636,000) :
First Mortgage Bonds:
Coun. Q've, O. C'y & 0. Ry. 1,110 $1,110,000 00
Topeka, Salina & West. RR. 1,273 1,273,000 00
The Missou. Pac. Ry. in Kan. 300 300,000 00
Coun. Gr., Sm. VV & W. Ry. 417 417,000 00
Kan., Nebras. & Dakota Ry. 2,055 2,055,000 00
Grouse Creek Ry 376 376,000 00

», bonds, and other properties by the Missouri

No. of
DESCRIPTION. Shares or Amount.
Bonds.

Rooks County RR 4,400 $440,000 08

Pacific Ry, in Nebraska 10,958 1,095,80000
S. L., O. Hill & Carou. Ry . . . 4,000 400,000 00
Missouri Pac. Rv. of Kan. ... 100 10,000 00
Omaha Southern Rv 3,823 382,30000

Nebraska Southern Ry 2,418 241,80000

Ft. Scott Central Ry 11,148 1,114,80000
Joplin & Western Ry 916 91 600 00

Omaha Belt Ry 6 60000

Nevada & Minden Ry 4,500 45000000

Nevada & Min. Ry. of Kan. . 6,750 675,000 00
Le Roy & Caney Vy . A. L. RR . 3,600 360,000 00
Kan. City & Southw'n Ry. . . 2,460 246,000 00
Kan.C. ASouthw. Ry.ofMo. 2,070 207,00000
Kan sas South western Ry... 999T45 99,94000
Kan. & Arkansas Valley Ry. 17,064 1,706,400 00
Iron Mountain RR. of Mem. 7 70000
Sed., War. & Southw'n Ry.. 3,735T% 373,58400
Atoka Coal & Mining Co .... 6 600 00
Lexington Coal Mining Co.. 5 5,00000
Osage Coal & Mining Co.. .5 50000
Rich Hill Coal Mining Co ... 4 400 00
Western Coal & Mining Co.. 5 50000
Water. & Car. T. & F'y Co. . 6 600 00
Pacific Express Co 35 3,50000

Rooks County RR 275 275 000 00

Pac. Ry . in Nebraska 1,095 1 ,095^000 00

Amer. Refriger't'r Trans Co. 1 100 00
Kansas Central Elevator Co.. 750 7:>.OOU(M
Ex. & Music Hall Ass'n.St L. 200 5-000 00
Omaha Fair & Speed Ass'n.. 200 5,00000
Town Cos. on McPher. Br. 3,500 00

InterstateRy 1,622 1,622,00000

St. L., O. Hill & Caron. Ry . . 400 400,000 00
Kan. City & Southw'n Ry. . . 550 550,000 00
Kan.C.&Sout'w'nRy.ofMo. 407 407,00000
Ft.S.C.Ry.:Ft.S.&E't'nRy. 394 394,00000
" " F. S. B. T. Ry.. 195 195,00000
" " Ft. S. & So. Ry.. 383 383,000 00
Joplin & Western Ry 69 69,000 00

Mahoney Frog Foot G'd Co. 150 15,000 00
Winfield, Texas & Gulf Ry. . 368 36,800 00
Kanopolis & Kan. Cent. Ry. 2,650 265,00000
First Mortgage Bonds:
Kanopolis & Kan. Cent. Ry . 225 225,000 00
Leav. Union Depot & RR.Co. 25 25,000 00
Pac. RR. (of Mo.) Caron. Br. 15 7,500 00
Kan. City Northw'n RR. Co. 163 81,50000
Gen. Cons. Ry. & Land Grant
Mtge. Bonds:
St. L., I. Mt. & South. Ry. . . 1,000 1,000,000 00
Second Mortgage Bonds: »
Ft. Scott, Wichita & W. Ry. 1 Bond 1,000,000 00
Atchison Union Depot Co . . 9 4,500 00
Bonds & Coups. , State of A rk. 2 2,000 00
S'thw't L. & Z. W'ks, Rich Hill 50,000 00

II. SECURITIES CONTROLLING UNION DEPOTS AND
TERMINALS (TOTAL PAR, |$293,720 ; COST TO

COMPANY, $33,596.20) :
(A.) Union Depots : -. .

Capital Stock:
Si. Joseph Union Depot Co.. 10 1,00000
Kansas City Union Depot Co. 450 45,000 00
Atchison Union Depot Co ... 9 9,000 00
Leavenworth Union Dep. Co. 250 25,00000
Pueblo Union Depot Co 81J 8,120 00

(B.) Terminals and Bridges :

Capital Stock:
" Ter. RR. Ass. of St. Louis.. . 2,056 205,600 00

Total Par Value of Foregoing $104,737.222 33
Total Cost to Company . . . 56,540,174 24

Omaha Southern Ry 382 382,000 00

Nebraska Southern Ry 242 242.000 00

Iron Mountain RR. of Mem. 500 500,00000

3. For Issue of Five per cent. Gold Funding Notes
(total par, $40,605,908.33 ; cost to company, $27,-
768,872.43) :
Capital Stock:
St. L., I. Mt. & South. Ry. . .257,0721 $25,707,275 00
Texas & Pacific Ry 65,250 6,525,00000

Omaha Belt Ry 7,994 799,40000

Pacific Express Co 23,965 2,396,500 00

Amer. Refriger't'r Trans. Co. 929 92,900 00
Baring Cross Bridge Co 1,500 150,00000
Atoka Coal & Mining Co. ... 4,157 415,700 00
Lexington Coal Mining Co. .. 95 95,000 00
Osage Coal & Mining Co.... 3,328^ 332,83333
Rich Hill Coal Mining Co... 3,051 305,10000
Western Coal & Mining Co. 9,995 999,50000
Water. & Car. T. & F'yCo... 992 99,200 00
St.L. & Miss. Val. Trans. Co. 435 43,50000
Bonds, Gen. Con.:
St. L.,1. Mt. & South. Ry... 8 6,00000
Bonds, 1st Col.:
The Missouri Pacific Ry 2,636 2,636,000 00

(B.) Held in Company's Treasury (total par, $34,577,-
591 ; cost to company, $4,725,705.61) :

Capital Stock :
St. L., I. Mt. & South. Ry... 165/5 $16,57000
Kan. & Col. Pacific Ry 223,035 22,303,500 00

Pn«>hlr» A Sffttp l.inn KR . . 1?1 Ff\n 1 fifin f¥Y> m

554

POOR'S MANUAL OF EAILROADS — RAILROAD l: SYSTEMS.

Statement, showing subsidiary Loud* deposited with trustees, covered by the trust 5 p. c.
and 1st collateral mtge. bonds of the Missouri Pacific Ry. Co., as stated, in preceding state-
ment <>f bonded debt, iuterest on which accrues to the Missouri Pacific Ry. Co.:

MORTGAGES.

Date of
Mortgage.

Date of
Bond.

Maturity
of Bond.

AMOUNT.

Rate of

Interest.

Total An-
nual In-
terest Ac-
cruing to
The Mo.
Pac. Ry.

Author-
ized.

Outstand-
ing-

A. COVERED BY Mo. PACIFIC
TRUST 5 P. c. BONDS:
Den., Memp. & Atl. Ry., let Mtge.
Wichita & Col. Ry., 1st Mtge ....
Kansas & Col. RIt., 1st Mtge
Ft.Scott,Wichita&W. Ry.,lstMtg
Sal'a, Ster'g &ElPasoRR.,lstM'g
Kan. Southwestern Ry.,lst Mtge.
Pueblo & Slate Line RR., 1st Mtg.

Total

July 1,1886
July 1, 1886
Aug. 2, 1886
Aug. 1, 1887
Qec. 1, 1886
Jan. 1, 1887
Oct. 1, 1887

July 1,1886
July 1, 1886
July 1, 1886
Aug. 1,1887
Dec. 1, 1886
Jan. 1, 1887
Oct. 1, 1887

July 1, 1916
July 1, 1911
July 1, 1926
Jan. 1, 1917
Dec. 1, 1926
Jan. 1, 1917
Oct. 1, 1917

16 M. p.m.
15 M. p. in.
15 M. p. m.
4,666,000
15 M. p. m.
15 M. p.m.
15 M. p. m.

$

6,561,000
705,000
2,041,000
4,666,000
600,000
372,000
2,270,000

p.c.

» fir-
el-

2B-

I e-
1 e

*g-
*g

393,660
42,3(10
122,460
326,620
36,000
22,320
113,500

17,215,000

1,056,860

78,380
16,500
123,300
18.000
66.600
24.420
33,000
28.560
25,020
24.000
54,750
30,000
97,320

19,700
9,750
19,150
12,100
19,100
3,450

B. COVERED BY Mo. PACIFIC IST
COLLATERAL MTGE. BONDS :
Topeka, Sal'a & W. RR., 1st Mtg.
Rooks County RR., 1st Mtge
Kan., Neb. & Dak. Ry., 1st Mtge.
The Mo. Pac. Ey. in Neb., 1st Mtg.
C. Gr.O'seC'y & Ot.Ry., 1st Mtge.
K.C'y&Sonthw.Ry.of Mo.,lstMtg
Kan. City & Southw. Ry., 1st Mtg.
Grouse Creek Ry., 1st Mtge

Jan. 1, 1883
Jan. 1, 1886
April 1,1886
July 1, 1886
Aug. 16, 1886
Sept. 1, 1886
Sept. 1, 1886
July 1, 1887
July 18, 1887
Sept. 1, 1887
Sept. 20, 1887
Nov. 10, 1888
July 10,1890

Feb. 2, 1891
Feb. 2, 1891
Feb. 2, 1891
Jan. 1, 1892
Jan. 1, 1892
June 1, 1892

Jan. 1, 1883
Jan. 1, 1886
April 1, 1886
July 1. 1886
Aug. 16, 1886
Sept. 1, 1686
Sept. 1, 1886
July 1, 1887
July 18, 1887
Sept. 1, 1887
Sept. 20, 1887
Nov. 10, 1888
July 10, 1890

Feb. 2,1891
Feb. 2, 1891
Feb. 2, 1891
Jan. 1, 1892
Jan. 1,1892
June 1, 1892

Jan. 1, 1923
Jan. 1, 1911
April 1,1916
July 1, 1911
July 1, 1911
Sept. 1, 1926
Sept. 1, 1926
July 1, 1927
July 1, 1917
Sept. 1, 1917
Sept. 20, 1907
Nov. 1, 1908
July 1, 1920

Feb. 1, 1920
Feb. 1, 1920
Feb. 1, 1920
Jan. 1, 1922
Jan. 1, 1922
June 1, 1922

4,000,000
275,000
2,400,000
300,000
1,110,000
20 M. p.m.
20 M. p. m.
390,000
15 M. p. m.
400,000
15 M. p. m.
500,000
16 M. p. m.

15 M. p. m.
50 M. p.m.
15 M. p. m.
15 M. p. m.
15 M. p. m.
15 M. p. m.

1,273,000
275,000
2,055,000
300,000
1,110,000
407,000
560,000
376,000
417,000
400,000
1,095,000
500,000
1,622,000

394,000
195,000
383,000
242,000
382,000
69,000

2g-

6 c.

f g"
6 c.

6 c.

6g

6g.

£g"
6 e.

88-
5 c.
6g-
6g.

£g-

£g'
5 g-

tg"

t6'
5g.

C. Gr. S'y Val. & W. Ry., 1st Mtg.
St. L.,OakHill & Car. Ry.,lstMtg.
Pacific Ry. in Nebraska, 1st Mtge.
Iron Moun.RR.of Memp., 1st Mtg.
Inter-State Ry., 1st Mtge. .

Ft. Scott Central Ry. :
Ft. Scott & East. Ry., 1st Mtge.
Ft. Scott Belt Ter. Ry., 1st Mtge.
Ft. Scott & South. Ry.,UtMtge.
Nebraska Southern Ry., 1st Mtge.
Omaha Southern Ry., 1st Mtge. . .
Joplin & Western Ry., 1st Mtge..

Total

12,045,000

695,100

Statement of account, Central Branch Union Pacific RR. receivers with the Union Pacific
Ry. Co., year ending Dec. 31, 1897 :

Balance due from Receivers Cent. Branch U.
P. RR., Jan. 1, 1897 .......................

Operating Expenses for 1 'ear 1897 :
Land Gr

59,218 23

Div.

A.C.
P. Div.

A. J. C.
& W. Div.

Con. Trans.. 117,866 16 133,68557 9,94420

Mo. Power .111.31340 127.82895 11,63588

Maint. Way. 65,93359 96,497 4S 11,93302

Main, of Cars 20,895 27 9,273 03 365 06

Gen. Expen. 25,151 12 17,33062 91063

341,159 54 384,621 65 34,788 79—760,569 98

Amount Paid for Taxes in Year 1897 :

Land Grant Division $37,671 45

A., C. & P. Division 43,116 55

A., J . C. & W. Division 4,724 66— 85,512 66

Atn'i Paid Acc't Exp. Traf. Assns.:

Land Grant Division 112 99

A., C. & P. Division 230 57

A., J. C. & W. Division 2811— 37167

Amount due from U. S. P. O. Dept., Account

Mail S"rvice in Year 1897 48,102 00

Amount due from U. S. War Dept., Account

Transportation 127 86

Balance due on Account of Operation of Cen-
tral Branch, U. P. RR 180,382 92

Total 1,134,285 32

Earnings for Year 1897 :

LandGr. A...C. & A..J. C.
Div. P. Div. &W. Div.

Freight.... 482,311 93

Passenger. 60,63095
Mail ....... 16,35384

Express . . . 3,681 45
Rent ...... 763 50

Miscellan's 47.67088
Telegraph. 1,25326

369,26525 13,64468
77,819 44 5,479 68
1,93696
1,22714
8000
5300

29,81120

9,36062

65800

1,26585

3,186 61

41774

612,66581 491,36697 22,83920—1,126,87198

Am't of Unclaimed Wages Cancelled :
Land Grant Division ............... $2 95

A., C. & P. Division ............... 135— 430

Amount Received Account Rental of Joint

Property at Atchison for Year 1897 . . . 7,382 04

Amount of Fines imposed by U. S. P. O.
Dept., Account Failures in Mail Ser-
vice, Jan. 1, 1894, to Dec. 31, 1896 ..... 27 00

Total 1,134,285 32

POOR'S MANUAL — MISSOURI PACIFIC SYSTEM.

555

Exhibit of investments in capital stock and bonds owned by the Missouri Pacific Ry. Co.,
and deposited with trustee, covered by 5 p. c. gold funding notes of the Missouri Pacific Ry.
Co., as stated in schedule of bonded indebtedness preceding, dividends and interest oa which
accrue to the Missouri Pacific Ry. Co.

CAPITAL STOCK

• AND BONDS.

Capital Stock :
St.L.,I.M. &S.Ry.257,072j
Texas & Pacific Ry. 65,250
Omaha Belt Ry..
Pacific Express Co. . 23,965
Am. Ref. Trans. Co.
BaringCross Bdg.Co.
Atoka Coal & Mg.Co.
Lex'n Coal Mg. Co..
OaageCoal & Mg.Co.
Rich Hill C'l Mg.Co.
West'nC'l& Mg.Co.

No. of

Val. for pur-

No. of

Val. for pur-

Shares

Par Value.

poses of

CAPITAL STOCK

Shares

Par Value.

poses of

Bonds

withdrawal.

AND BONDS.

or Bonds

withdrawal.

$

$

Capital Stock :

$

8

7,072f
B5,250

25,707,27500
6,525,000 00

12,853,637 50
978,75000

Waterloo & Car'let
T'n'ke&F'yCo.

992

99,20000

124,000 00

7,994

799,40000

799,40000

St.L.&Mis.Va.T.Co

435

43,500 00

34,80000

23,965

2,396,500 00

2,396,500 00

Bd#. of Ap. 1,1931,

929

92,90000

92,90000

Gen. Con.. St.L.,

8

8,00000

7,20000

1,500

150,00000

150,00000

I. Mo. & S.Ry..

4,157

415,700 00

124,710 00

Bds. of Autr. 1,1920,

• 95

95,00000

85,50000

First Col., The

2,636

2,636,000 00

2,108,80000

3,328^

332,833 33

166,416 50

one irtft oft

Mo. Pac. Ry. Co.

3,051
9.995

999,500 00

oUo,IUU UU

999,50000

40,605,908 33

21,257,21400

RAILROADS OWNED OK LEASED BY THE MISSOURI PACIFIC RY. Co.

Boonville, St. Louis and Southern Ry.

— Boonville, Mo., to Versailles, Mo., 43.95 miles,
leased to the Missouri Pacific Ry. Co. for 30 years
from July 1, 1880. at an annual rental of $25,000.
Capital stock (authorized, $1,000,000; par, $125 per
share), $250,000; funded debt, 1st mtge. 6 p. c. 30-yr.
bonds, dated Aug. 1, 1881, int. Feb. and Aug., at
American Exchange Nat. Bank, New York (auth.,
$1,000,000), $400,000. Win. Speed Stevens, Pres. &
Treas.; A. H. Stevens, Sec., Boonville, Mo. General
Office, Boonville, Mo.

Kansas City and Southwestern Ry.—

Mo. and Kan. State Line to Paola, Kan., 27 m.; sid-
ings, 1.98 miles. Gauge, 4 ft. 8J in. Rail (steel, 27
m.), 56 Ibs. Chartered Dec. 24, 1884; road opened
Jan. 22, 1888. Leased to Kansas City and South-
western Ry. Co. of Missouri for 25 years from Jan.
1. 1891; rental — fixed charges, taxes, renewals, etc.
Rental, year ending. Dec. 31, 1897, $33,000. Paid
interest on bonds. $33.000. Financial Statement, Dec.
31, 1897.— Capital stock (auth., $700,000; par, $100),
$276.000; funded debt (1st mtge. 6 p. c. 40-yr. gold
bonds, due Sept. 1, 1926, interest March and Sept.,
at Mercantile Trust Co., New York, N. Y. ; auth. at
rate of $20,000 per mile), $550,000— total, represent-
ing cost, etc., $826,000. Trustees of bonds: Russell
Sage and George J. Gould. George J. Gould, Pres.,
New York, N. Y. ; C. G. Warner, Vice-Pres., St.
Louis, Mo.; A. H. Calef, Treas., New York, N. Y.;
F. W. Irland, Sec., St. Louis, Mo. General Office,
Kansas City, Kan.

Kansas City and Southwestern Ry. of
Missouri. — Cecil June., Mo., to Mo. and Kan. State
Line, 20.7 m.; sidings, 3.54 miles. Gauge, 4 ft. 8J
in. Rail (steel. 20.7 m.), 56 Ibs. Chartered June 5,
1886; road opened Jan. 1, 1891. This company leases
the Kansas City and Southwestern Ry. of Kan. on
terms given in the 'statement of that company.
Leased to the Missouri Pacific Ry. Co. for 25 years
from Jan. 1, 1891, the lessee assuming all liabilities.
Rental, year ending Dec. 31, 1897, $57,420. Paid in-
terest on bonds, $24.420; lease rentals, $33,000— total.
$57.420. Capital stock. $207, (too; funded debt (1st
mtge. 6 p. c. 40-yr, gold bonds, due Sept. 1, 1926,

interest March and Sept., at Mercantile Trust Co.,
N. Y.; auth. at rate of $20,000 per mile), $407,000—
total, representing cost, etc., $614,000. George J.
Gould, Pres., New York, N. Y.; S. H. H. Clark,
Vice-Pres.; F. W. Irland, Treas. & Sec., St. Louis,
Mo. General Office, St. Louis, Mo.

Le Roy and Caney Valley Air Line RR.

— L. & C. Vy. June., near Roper, to Peru June., Kan.,
51.78 m.; sidings, -2.27 miles. Rail (steel, 51.78 m.),
56 Ibs. Chartered June 10, 1885; road opened Jan. 1,
1887. Leased to the Missouri Pacific Ry. Co. for 40
years from Oct. 31, 1886, at annual rental of $500 per
mile, together with all taxes, maintenance expenses,
etc. Rental for 1897, $26,000, which was paid as
interest on bonds. Capital stock ($1,000,000 anth.;
par, $100), $540.000; funded debt, 1st mtge. 5 p. c.
40-yr. $1,000 gold bonds, due July 1, 1926, interest
Jan. and July (auth., $10,000 per mile), $520,000—
total, representing cost, $1,060,000. Bonds are guar-
anteed by the Missouri Pacific Ry. Co. ; interest
payable at the office of the Mercantile Trust Co.,
NYw York, N. Y. Trustee of bonds; Russell Sage.
George J. Gould, Pres., New York, N. Y.; J. H.
Richards. Vice-Pres., Ft. Scott, Kan.; A. H. Calef,
Treas., New York, N. Y. ; F. W. Irland, Sec., St.
Louis, Mo. General Office, Fredonia, Kan.

Verdigris Valley, Independence and
\Vestern Dlv. (Kansas and Colorado
Pacific Ry.).— V. V., I. & W. June, to Deering
June., Kan., 80.62 m.; sidings, 5.61 miles. Gauge, 4
ft. 8J in. Rail (steel, 80.94 m.), 56 Ibs. The Verdi-
Kris Valley, Independence and Western RR. Co. (char-
tered May 6, 1885; road opened Jan. 1. 1887) was on
Jan. 1, 1891, consolidated with 11 other companies,
forming the Kansas and Colorado Pacific Ry. Co.,
now a proprietary line of the M. P. This division
is leased to the Missouri Pacific Ry. Co. for 40 years
from Sept. 27. 1886, at an annual rental of $500 por
mile, with taxes, maintenance, etc. There are out-
standing on this division, $806.000 1st mtge. 5 p. c.
40-yr. $1,000 gold bonds, due March 1, 1926. interest
March and Sept., at American Loan and Trust Co..
New York, N. Y.; auth., $10,000 per mile. General
Office (K. & C. P. Ry. Co.), Independence, Kan.

Board of Directors, the Missouri Pacific Ry. Co., elected March S, 1898.

George J. Gould. . .New York. N. Y.

Edwin Gould "

Howard Gould "

Russell Sage '

John P. Mnnn New York, N. Y.

Samuel Sloan "

D. D. Parmly "

Louis Fitzgerald. . .

John G. Moore. . . .New York, N. Y.
Thos. T. Eckert... "

S. H.H. Clark St. Louis, Mo.

C. G. Warner " "

D. K. Ferguson St. Louis, Mo.

QEO. J. GOULD, President 195 Broadway, New York, N. Y.

C. G. Warner, Vice- President and General Auditor St. Louis, Mo.

Sec. A Treas.— A. H. Calef New York, N. Y.

Local Treas.— D. S. H. Smith St. Louis, Mo.

General Manager— W. B. Doddridge St. Louis, Mo.

Asst. Gen. Av'd.—S. B. Schuyler "

PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.

556

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

MISSOURI PACIFIC SYSTEM.— ST. LOUIS, IRON MOUNTAIN AND SOUTHERN

RAILWAY COMPANY.

Main Line of Road : St. Louis, Mo., to Texarkana, Ark 490.19 miles.

Branches and Spurs (for termini see p. 543) : Fourth street spur, 0.30 m.;
Kirkwood Connection, 0.39 m.; Potosi, 3.72 m.; Belmont, 120.30 m.;
Jackson 16.31m.; Cairo, 70.77 m. ; Doniphan, 20.50 m.; Helena, 140.14
m • White River, 39.39 m.; Memphis, 88.94m.; Camden, 33.65 m.; Cam-
den and Alexandria Ry., 32.48 m.; Little Rock, Miss. River and Texas
Ry 113 05 m • Houston, Cent. Ark. & No. RR., 190.48 m.; Fort Smith,

17.63 m.'; River Track, 1.22m.; Ouacliita. 49.40 m 938.67

f Kansas and Arkansat Vy. By. (see page 560) 170.64

I Little Rock and Ft. Smith Ry. (see page 560) 170. 26 "

LEASED LIAES : 4 Little Rock Junction Ry 0.59 "

[ Sundry Leased Lines (see statement on page 560) 3.42 "

Total length of all lines, St. L., I. M. & S. System, Dec. 31, 1897 1,773.77 miles.

2d track, 10.27 m. ; sidings (owned, 327.89 m.; leased, 54.06 m.), 381.95 miles. Gauge, 4 ft.

8| in. Rail (steel, owned, 1,515.31 m.; leased, 372.72 m.), 40 to 76 Ibs.

History.— See MANUAL for 1889, page 806. The Missouri Pacific Ry. Co. owns $25,723,-
680 of the stock, leaving $65,245 in the hands of the public. The Missouri Pacific acquired
its interest in this company in 1881, issuing three shares of Missouri Pacific stock for every
four shares of Iron Mountain.

Rolling Stock, Operations, Earnings, etc. — See statements under Missouri Pacific Ry.
Co. on p. 544 et seq.

Statement showing investments in capital stock and bonds owned by the St. L., I. M. &
So. Ry. Co., and deposited w.ith trustee, covered by 5 p. c. gold funding notes of the St.
L., I. M. & So. Ry., as shown in statement of bonded debt, dividends and interest on which

accrue to the St. L., I. M. & So. Ry. Co.

•NT,. nf oh.. Valuation

CAPITAL STOCK AND BONDS. orRonH Par Value, for purposes of

withdrawal.
$ 9

Capital Stock, American Refrigerator Transit Co. ,,..,, 2,851 285,100 00 285,100 00

Capital Stock, Arkansas & Louisiana Ry. Co 5,114 511,40000 51,14000

Capital Stock, St. Louis & Mississippi Valley Transportation Co 72

Capital Stock, Little Rock & Port Smith Ry. Co 44,814

Capital Stock, Little Rock Junction Ry. Co 3,562

1st Mortgage Bonds (of July 1. 1913). Ark. &La. Ry. Co 840

Gen'l Con. Bonds (of April 1, 1931), St. L., I. M. <fe So. Ry 35

Debenture Bonds (of July, 1939), Wabash RR. Six per Cent 5,435

511,400 00

7,200 00

4,481,400 00

356,20000

240,000 00

35,00000

5,760 00
1,568,490 00
356,20000
240,000 00
31,500 00

Totals.

5,435,000 00 2,174,000 00
11.351,800 00 4,712,190 00

Statement showing investments in stocks,

No. of

DESCRIPTION. Shares or Amount.

Bonds.

. SECURITIES OWNED :

(A) Deposited ax Security for
Ixsue of Gold Funding
Notes (total par, §11,351,300 ;
cost to company, $6,353,-
359.72) :

Capital stock, American Re- $

fi-igerator Transit Co 2,851 285,100 00

Cap. Stock, Ark. & La. Ry. Co. 5,114 511,40000
Capital Stock, St. L. & Miss.

Vy. Transportation Co 72 7,200 00

Capital Stock, Little Rock &

Ft. Smith Ry. Co 44,814 4,481.40000

Capital Stock, Little Rock

June. Ry. Co 3,562 356,20000

First Mtge. Bonds, Ark. & La.

Ry. Co 240 240,000 00

Gen. Consol. Bonds St. Louis,

I. M. & So. Ry 35 35,00000

Deh.B'ds, Wabash RR..6p.c. 5,435 5,435,00000

(B) Held in Company's Treas-
ury (total par, 83,891,547.72 ;
cost to company, $1,838,-
461.81) :

Capital Stock, Little Rock &

Ft. Smith Ry. Co 19 1,90000

Capital Stock, Little Rock

June. Ry. Co 8 80000

Capital Stock. Little Rock

Miss. River & Texas Ry. Co. 15,762 1,576,200 00

bonds and other properties, Dec. 31, 1897 :

No. of
DESCRIPTION. Shares or Amount

Bonds.
Capital Stock, Camden & $

Alexandria Ry. Co 3,248 324,80000

Capital Stock, The Mo. Pac.

Ry. Co 15 1,50000

Cap. Stock, Ark. & La. Ry. Co. 3 30000

Capital Stock, Exposition &

Music Hall Association 200 5,000 00

Cap. St'k, Woodson Trans. Co. 520 13,000 00
Cap. Stock, Am. Ref . Tr. Co. 2 200 00

Bonds, Ark. & La. Ry. Co.

(unissued) 144 144,000 00

Bonds, St. L., I. M. & So. Ry.

Gen. Cons. Ry. and Land

Grant Mtge 1,566 1,566,000 00

Scrip St. L. I. M. & So. Ry.,

Gen. Consol. Ry. & Land

Grant Mtge 72772

Scrip Wabash RR. 6 p. c. Deb 58000

Iron Mount. Car Trust Cert. . . 3 3,000 00

Coup. Notes, L. R. & Ft. S.Ry 253,34750

Bonds, First Preferred Income .... 192 50

II. SECURITIES CONTROLLING USE
OP JOINT FACILITIES (total

par, $205,600) :
Terminals and Bridges :
Capital Stock, Terminal RR.

Association of St. Louis 2,056 205,600 00

Total Par Value ... . 15,448,447 72
Total Cost to Company 8,191,821 5&

POOR'S MANUAL — MISSOURI PACIFIC SYSTEM.

557

Cost of Road, Equipment, etc.
UNITED STATESLAND GRANTS :

Value of Lands in Arkansas 1

Value of Lands in Missouri..
Inv'tm'ts in Stocks and Bonds
Expenditures Account Sur-
veys Projected Lines

ARK. LAND GRANT ACCOUNTS:

Arkansas Trust Land Notes.

Taxes due from Purchasers.

G. A. A. Deane, Land Com'r.

Cash in hands of Mer. Tr. Co.
Mo. LAND GRANT ACCOUNTS :

Missouri Land Grant Notes..

Taxes due from Purchasers.
Cash in hands of Treasurer. . .
SUNDRY ACC'TS COLLECTIBLE:

Due from Sundry Railroads
and Individuals

Notes Receivable, as per

statement

AMOUNTS DUB :

From Little Rock June. Ry..

From Little Rock & Ft.
Smith Ry

From the Mo. Pacific Ry. Co.
(Current Account)

General Balance Sheet, Dec. 81, 1897.
$ S

68,168,388 24

,853.707 63

K.3 747— 1,871,01510
8,191,906 53

32,624 00

138,23309
3,742 00
38,56440
23,806 47—

11,95205
34130—

204,34596

12,293 35
157,277 27

63,696 10

8,032 66— 71,728 76

5,376 15
335,98035
207,261 04— 548,617 54

CAPITAL STOCK : $ $

St. Louis, Iron Mountain
and Southern Ry 25,781,340 00

St Louis and Iron Mt. RR. 50000

Cairo, Ark. and Texas RR. 125 00

Cairo and Fulton RR 6,850 00—25,788,815 00

FUNDED DEBT :

Funded Debt 47,617,60750

Gen. Con. Ry. & Land Grant

Mtge. Bond Scrip 935 88—47,618,542 88

Car Trust Obligations 963,500 00

INTEREST DUE AND ACCRUED:

Due and uncalled for 197,079 86

Accrued but not Due 578,344 17— 775,424 03

ACCRUED RENTALS GUAR. :

Little Rock June. Ry 7,96000

Little Rock & Ft. Smith Ry. 86,412 49

Kansas and Ark. Vy. Ry. . . 85,300 00— 179,672 49
Due to Sundry Railroad Com-
panies and Individuals 24,088 67

Loans made to pay off $1,450,-

000.00, 7 p. c. C. A. & T.

bonds cancelled : loan is se-
cured by and will be repaid

by Gen. Consol. Ry. and

Land Grant bonds issued

and in Treasury for that

purpose ; also in payment

of commission for exten-
sion of St. Lours and Iron

Mountain 1st and 2d mtge.

bonds at 41 and 5 p. c. re-
spectively 1,850,00000

SPECIAL FUND ACCOUNTS :

Construction, etc 6,15554

Bal. of Income Acc't Dec. 31,

1897

2,051,998 14
TotalAsseta $79,258,19675 Total Liabilities 79,258,19675

Income Account, year ending Dec. 81, 1897.

OPERATING EXPENSES, 1897 : $ $

Conducting Transportation. 3,185,799 23

Motive Power 2,128,418 59

Maintenance of Way 1,460,685 21

Maintenance of Cars 652,321 30

General Expenses 288,656 21— 7,715,880 54

Net Earnings. , , , 4,104,404 50

11,820,285 04

ACCRUED INTEREST OK BONDS :

1st Mtge. St. L. & I. M. RR. 186,666 66

2d Mtge. St. L. & I. M. RR. 340,000 00
1st Mtge. St. L. & I. M. RR.,

Ark. Branch 125,00000

1st Mtge.Ca'o. Ark. <fc T.RR. 42,291 67
Gen.Con.Ry. AL'dGr.Mtg. 1,443,53750

1 st Preferred Income 5,205 03

5 p. c. Gold Funding Notes. 236,150 00— 2,378,850 86
TAXES :

Priortol897 176,51746

For Year 1897 94,36049— 270,87795

RENTALS, ACCT. LEASED ROADS :

Little Rock June. Ry 26,520 00

Little Rock & Ft. Smith Ry. 163,975 00

Kansas & Arkansas Vy. Ry. 170,600 00

Iron Mt. RR. of Memphis. . 20,000 00— 381,095 00
SUNDRY AMOUNTS :

Traffic Associat'u Expenses 9,448 14

U.S.Gov.Ded.Acc.L'd Gr. 16,228 46

Interest and Exchange 76,013 03

Baring Cross Bridge Expen. 53,875 00

Car Trust Expenses 72,129 75

Amount paid Mer. Tr. Co.

for services in extending

St.L.& I.M. Ark.B'ch Eds. 2,000 00
Com'sions paid for ext'di'g

St. L. & I. M. Island 2d

Mtge. Bonds 470,00000

Commons paid for obtaining

lo;m to enable retirem'tof

Ca'o,Ark.&T.lstMge.Bds 11,00000- 710,69438
Bal. to Credit of Inc. Acct. Dec. 31, 1897. 2,051,998 14

Total 5,793,516 33

EARNINGS, 1897 : S 8

Freight 8,990,64703

Passenger 1,890,888 01

Mail 394,622 72

Express 232,04331

Rent 21,69176

Miscellaneous 290,392 21—11,820,285 04

11,820,28504

Balance of Income Account Jan. 1, 1897. . 1,650,693 59

Net Earnings brought down 4,104,40450

DIVIDENDS RECEIVED :
St. L. & Miss. V. Trans. Co.

Am. Refrig. Trans. Co

Int. on Gen. Con. Ry. &L'd
Gr.Mtge.Bds.held in Tr'y-
Iron Mt. Car Trust Certifl's.
SUNDRY AMOUNTS :

Discount and Premium

Miscellaneous Receipts :
Unclaimed Wages Cancel-
led, etc

28800
29,896 92

4,65000
180 CO—

35,014 93

2,416 33— a.4fl3 31

Total 5,798,51033

558

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Statement showing resources and their application during the year ending Dec. 31, 1897 :

Resources. $ f

Net Earnings as per Income Account 4,104,404 50

Miscellaneous Credits to Income Account :

Dividends received Tdnalt <W41«24

Sundry Amounts «J,4(W <S1— d8,418 .44

Increase in Liabilities during Year 1897 :

Interest due, account advances «J4,OS8 67

Temporary Loan Account (see General Balance Sheet, page 557) 1,850,000 (

Accm-d Rentals, guaranteed 1,000 00

General Consolidated Railway and Land Grant Mortgage Bonds 1,567,000 00— 3,442.088 67

Decrease in Assets during Year 1897 :

Value of Lands in Arkansas (account sales) 13,588 25

Value of Lands in Missouri (account sales) :.. 2,42028

Notes Receivable

Arkansas Land Grant Accounts 15,234 78

Missouri Land Grant Accounts 2,817 84- 34,68615

Total < 7,019,59756

Application of Resources.

Miscellaneous Charges to Income Account :

Interest paid on Bonds $2,421,593 67

Less decrease in Interest due, not called for $1,114 69

Less decrease in Interest accrued, not yet due 41,628 12 — 42,742 81 —

Total Interest Accrued on Bonds 2,378,850 86

Taxes 270,877 95

Rentals, account Leased Lines 381,095 00

Sundry Amounts 710,694 38— 3,741,518 19

Increase in Assets during Year 1897 :

Additions to property 30,355 27

Cash 17,35368

Investments 1,561,12861

Due from Sundry Railroads and Individuals 500 00

Due from Little Rock and Fort Smith Ry 34,77976

The Missouri Pacific Ry. Co., Current Account 207,261 04— 1,851,378 36

Decrease in Liabilities during Year 1897 :

Cairo, Arkansas and Texas RR., 1st Mtge. Bonds 1,450,000 00

1st Preferred Income St. Louis and Iron Mountain RR., 2d Mtge. Bonds 63,735 00

1st Preferred Income Cairo, Arkansas and Texas RR., 1st Mtge. Bonds 23,940 00

General Consolidated Railway and Land Grant Mortgage Bond Scrip 99863

Interest due, not called for 1,114 69

Interest accrued, not yet due 41,628 12

Car Trust Obligations 278,500 00

Special Fund Accounts 400 77

The Missouri Pacific Ry. Co., Current Account 166,383 80- 2,026,701 01

Total 7,619,59756

Funded debt Jan. 1, 1897 (total, $47,617,607.50; annual interest, $2,361,610.83):

DESCRIPTION OF BONDS.

Date of
Mortgage.

Date of
Bonds.

Maturity of
Bonds.

AMOUNT.

Author-
ized.

Out-
standing.

INTEREST.

Rate.

When
Payable.

1st Mtge., St. L. & I. M. RR., ex-

Aug. 1, '67

tended from May 1, 1897
1st Mtge., St.L. &I. M. RR.,Arks.

Bch., extended from June 1,1895.' April 15, '70 J
2d Mtge., St. L. & I. M. RR., ex

tended from May 1, 1897

Gen. Con. Ry. & Land Grant Mtge.

1st Pref. Inc., St.L ,I.M.&S.Ry.Co.

5 p. c. Gold Funding Notes cover-
ing deposit with Trustee of sun-
dry Investments

Aug. 1,
une 1,

Aug. 1, 1947
OJunel, 1935

May 1, '72 May 1, '72 May 1, 1947
April 1, 1931
79 April 1, 1914

Mar. 15, '81

Mar. 15,
Jan. 1,

4,000,000
2,500,000

6,000,000
15,000,000
4,184,000

4,000,000 00
2,500,00000

6,000,000 00
~SO,00000
44,607 50

45,000,000 30.350,000 00

p. c.
4Jc.
5g-
5g.

Mar. 1, '95 Mar. 1, '95 Mar. 1, 1905

4,723,000 00

May & Nov.
June & Dec.

May & Nov.

Apr. & Oct.

March.

Mar.& Sept.

"«= » juu.m aau irusi i_/o., i>ew i orK. me ArKunsua orunvn oonos are

lien on that portion of the main line from Pilot Knob to the Arkansas State Line, 98 miles. Trustee: Farmers'

Loan and Trust Co., New York. The 2d mtge. bonds of 1947 are secured by a lien on the 308 m. of road above

described, subject to the prior liens of the aforementioned mortgages. Successor trustee: United States Trust

Lo., ]Se\v 'iork, N. Y. The 1st preferred income bonds were issued for deferred interest on bonds of the

several classes. These income bonds bear interest at the rate of 7 p. c. per annum, payable if earned, in

f each year, and accumulative. The general consolidated railway and land grant mtge. covers all

? property and franchises of the company. The amount originally provided was $32,036,000, or $2,000,000

POORS MANUAL — MISSOURI PACIFIC SYSTEM.

559

The 1st mtge. and 2d mtge. bonds matured May 1, 1897, and were extended for 50 years from that date,
the rate of interest being reduced to 4i p. c. on the 1st mtge. bonds and to 5 p. c. on the 2d mtge. bonds,
payments to be made May 1 and Nov. 1, and principal and interest being made payable in gold. The com-
pany reserves the right to pay off at any time either or both issues of extended bonds at 105 p. c. and accrued
interest, upon giving six months' previous notice.

Statement showing the condition of the Iron Mountain Car Trust on Dec. 31, 1897:

Series.

Date.

Original
Amount.

Amount
Paid.

Amount
Out-
standing.

Date of
Yearly
Pay-
ments.

EQUIPMENT COVERED BY CAB TBUBT.

A

B 1
B 2
C
D
E 1
E 2
F
G
H 1
H 2

Totals

July 6, 1880

Nov.23, 1880
Jnnel4,1881
Aug.23, 1881
June 4, 1889
NOY.21,1889
Jan. 23, 1890
Dec. 2, 1891
Men. 1, 1892
Sept. 1, 1892
Oct. 30, 1895

9

690,000

148,000
552,000
211,260
837,500
109,800
170,000
122,800
1,407,100
264,000
83,250

$

690,000

148,000
552,000
211,260
753,000
97,800
153,000
78,800
782,100
144,000
22,250

9

450 box, 250 stock, 200 platform, and 8 passenger
cars, and 14 locomotives.
200 ore and 4 passenger cars, and 5 locomotives.
492 box and 100 refrigerator care, and 11 locomotives.
308 box and 6 baggage cars.
1 ,500 box cars and 25 locomotives.
200 furniture cars.
200 refrigerator cars.
200 furniture cars.
1 ,000 box, 500 coal & 500 stock cars, & 30 locomotives.
500 box cars.
10 locomotives.

84,566
12,000
17,000
44,000
625.000
120,000
61,000

Sept. 1
Dec. 1
Dec. 1
Dec. 1
June 1
Sept. 1
Sept. 1

4,595,710

3,632,210

963,500

Nor,E.— Series A to C inclusive are paid up and cancelled. The amounts outstanding on the remaining
series are payable as follows:

Series D— 1 annual payment on Sept. 1, 1898 $84,500

Series E— 1 annual payment on Dec. 1, 1898 29,000

Series F— 4 annual payments on Dec. 1 of each year, 1898 to 1901 incl., $11,000 each; total 44,000

Series G— 5 annual payments on June 1 of each year, 1898 to 1902 incl., $125,000 each; total 625,000

Series H— 5 annual payments on Sept. 1 of each year, 1898 to 1902 incl., $24,000 each; total.. .$120,000
Series H— 3 annual payments or. Sept. 1 of each year, 1898 to 1900 incl., $7,000 each; total. . . . 21,000

Series H— 5 annual payments on Sept. 1 of each year, 1901 to 1906 incl., $8,000 each; total 40,000— 181,000

Total amount outstanding Dec. 31, 1897 $963,500

Land Department. — The following table exhibits the business of the land department,
all divisions, during the year ending' Dec. 31, 1896, and since the date of commencement :

ST. Louis, IRON MOUN-
TAIN & SOUTHERN RY.

Little Rock
and Fort
Smith Ry.

Grand
Total.

Missouri
Division.

Arkansas
Division.

Number of Acres Granted, Purchased, etc., Dec. 31, 1896
Number of Acres acquired tfnder Re-adjustment of Land Grant,
consummated by Patent in 1897

141,121.750

1,353,969.350

5,524.200
1,359,493.550
622,431.960

5.524.200

1,059,616.900

1,059,6161966
540,247.680

2,554,708.000

5,524.200
2,560,232.200
1,189,697.044

5,524.200
1,195,221.244
11,802.761
1,207,024.005
23,410.377
1,183,613.628
$
71,902.13
3.07

100,156.21
33,838.76

Total nnmber of Acres originally Granted, Purchased, etc
Number of Acres Unsold, Dec. 31, 18%

141,121.750
27,017.404

Number of Acres acquired under Re-adjustment of Land Grant,
consummated by Patent in 1897

Total

27,017.404
238,940
27,256.344
1,449.320
25,807.024

4,835.19
3.34

7,363.76
2,009.84

627,956.160
5,320,471
633,276.031
15,374.087
617,902.544

45,558.17
2.96

66,399.82
16,327.84

540,247.680
6,243,350
546,491.030
6,586.970
539,904.060

21,508.77
3.26

26,392.63
15.501.08

Number of Acres acquired by Forfeitures, during 1897

Total number of Acres for Sale during 1897

Number of Acres Sold during 1897

Number of Acres Unsold Dec 31,1897 ..

Total Amount of Sates during 1897

Average Price per Acre during 1897 ....

Cash Received during 1897 ....

Notes Received during 1897

Total Receipts . .

9,373.60

82,727.66

41,893.71
29,898.78

133,994.97
29,898.78

Add Account Adjustment of Land Notes, Account prior to
Jan 1,1897

Total Receipts . .

9,373.60
2,967.54

82,727.66
53,483.67

71,792.49
26,331.20

163.P93.75

82,782.41

Experees and Taxes during 1897

Gross Receipts of Department since Commencement

360,660.03
138,175.03

2,864,418.13
1,528,019.20

2,475,185.44
1,146,901.36

5,700,263.60
2,813,095.59

Gross Expenses and Taxes of Department, since Commencement
Net Receipts of Department since Commencement

222,485.00
11,952.05
341.30

1,336,398.93
138,233.09
3,742.00

1,328,284.08
201,435.81
9,775.38

2,887,168.01
351,620.95
13,858.68

Notes receivable Outstanding Dec. 31 1897

Taxes due from Purchasers, Outstanding Dec. 31, 1897

5(50

POOK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Tand t££ &9W.64. Balance, paid to St. L., I. M; & S. Ry. Co., $4,396.22.

RAILROADS LEASED BY THE ST. Louis,

Kansas and Arkansas Valley Ry .-For

mileage statement, see page 542— total, 170.64 m ;
sidings 17.48 miles. Gauge, 4 ft. 8* In. Rail (steel,
178 83 m ), 56 Ibs. Chartered under laws of Arkansas,
Nov 27 1885. Construction begun in 1887 and road
opened to Wagoner, I. T., Aug. 13 1888; to Coffey-
ville Kan., Nov. 21, 1889. Leased Jan. 1, 1890, for
50 years to the St. L., I. M. & So. Ry Co.; rental,
interest on bonds. Rental, year ending Dec. 31, 1897,
$170 600 which was paid as interest on bonds. Fi-
nancial Statement. Dec. 31, 1897.— Capital stock,
$1 706,400; funded debt, 1st mtge. 5 p. c. 50-yr. gold
coup bonds (auth., $20,000 per mile), due Jan. 1,1937,
interest Jan. and July, $3,412,000; interest accrued,
«85 300— total, $5,203,700. Contra: Cost of road, $5,-
118,400; accounts due, $85,300— total, $5.203,700.
George J. Gould, Pres., New York, N. Y.; S. H. II.
Clark. Vice-Pres., St. Louis, Mo.; A. H. Calef, Sec.
& Treas., New York, N. Y. General Office, Little
Rock, Ark.

Little Rock and Fort Smith Ry.— For
mileage statement, see page 542 — total, 170.26 miles.
The company uses under trackage contract the St.
Louis and San Francisco Ry. Bridge from. Van Buren
June, to St. L. & S. F. June., Ark., 1.39 m., included
In total. Sidings, 29.65 miles. Gauge, 1 ft. 8i in.
Rail (steel, 177.58 m.), 56 and 63 Ibs. The Little
Rock and Fort Smith RR. was sold in Dec.. 1874, and
the company reorganized under present title, June
12, 1875. Road completed in 1876. Leased for 50
years from Jan. 1, 1890, to the St. Louis, Iron Moun-
tain and So. Ry. Co. Equipment Dec. 31. 1897:
Locomotives, 15. Cars— passenger, 10; baggage, 1;
baggage and mail, 2; freight (box, 132; stock, 15;
coiil, 52; flat, 69; granite, 25), 293; cinder, 5; ca-
boose, 7; road service, 24 — total, 342. Rental, year
ending Dec. 31, 1897, $334,575. Paid interest on
bonds, $163,975; rentals, K. & A. Vy. Ry., $170,600
—total, $334,575.

General Balance Sheet, Dec. 31, 1897.
Cr.

Construction, Equipment, etc $7,841,96888

Stocks and Bonds 124.211 98

Cash and all Other Assets 314.340 60

Total Assets $8,280,521 46

IRON MOUNTAIN AND SOUTHERN RT. Co.

Dr.

Capital Stock (par, $100) $4,505,30858

1st Mtge. Bonds and Scrip 2,595,374 75

Unfunded Debt 423,402 20

•Profit and Loss 756,435 93

Total Liabilities $8,280,521 46

Funded debt consists of $2,342,500 1st mtge. 7 p. c.
30-yr. land grant and sinking fund coup. $1,000 cy.
l>onds, due Jan. 1, 1905, interest Jan. and July; also
$227.25 1st mtge. scrip. Land Department.— See
statement of Missouri Pacific Ry. Co. Ownership of
stock for three months entitles holder to vote. Trus-
tee of bonds: George Ripley, Boston, Mass. George
J. Gould, Pres., New York, N. Y.; S. H. H. Clark,
Vice-Pres., St. Louis, Mo.; A. H. Calef, Sec. &
Treas., New York, N. Y.. General Office, Little
Rock, Ark.

Little Rock Junction Ry.— Argenta June, to
E. Conn., East Little Rock, Ark., 0.59 m.; sidings,
0.37 mile. Gauge, 4 ft. 8i in. Rail (steel, 0.78 m.),
50 Ibs. Chartered May 14, 1884; opened Dec. 9, 1884.
Leased for 50 years from Jan. 1, 1890, to the St.
L., I. M. & So. Ry. Co. This road, which includes a
bridge over the Arkansas River at Little Rock, is
used as a connecting link between the Little Rock
and Fort Smith and Little Rock, Mississippi River
and Texas Rys. The company owns no rolling stock.
Rental, year ending Dec. 31, 1897, $26,520. Pay-
ments: Interest on bonds, $26,100; other, $420— total,
$26,520. Financial Statement, Dec. 31, 1897.— Capi-
tal stock (par, $100), $400,000; funded debt (1st
consol. 6 p. c. 25-yr. $1,000 coup. cy. bonds, due
April 1, 1916, interest April and Oct.), $435,000: un-
funded debt, $13,336; profit and loss. $23,322— total,
$871,658. Contra: Cost of road, $863,698; other assets,
$7,960— total, $871,658. Interest payable at Boston,
Mass. Trustee of bonds: Mercantile Trust Co., New
York, N. Y. George J. Gould, Pres., New York, N.
•Y. ; S. H. H. Clark, Vice-Pres.. St. Louis, Mo.; A.
H. Calef. Sec. & Treas., New York, N. Y. General
Office, Little Rock, Ark.

Board of Directors, St. Louis, Iron Mountain and Southern Ry. Go., elected March 8, 1898.
.New York, N. Y.

A. L. Hopkins Boston, Mass.

C. G. Warner St. Louis, Mo.

D. K. Ferguson "

C. C. W. Lowrey "

Geo. ,T. Gould New York, N. Y. Russell Sage New York, N. Y.

Jno. T. Terry " Henry Whelen Philadelphia, Pa.

D. D. Parmly " " R. J. Lackland St. Louis, Mo.

R. M. Gallaway.. . . " " Howard Gould . . . .New York, N. Y.

Frank J. Gould Tarrytown, N. Y.

GEORGE J. GOULD, President 195 Broadway, New York, N. Y.

C. G. Warner, Vice-President and General Auditor St. Louis, Mo.

Sec. rf: Treas.— A. H. C'alef New York, N. Y. Local Treas.— D. 3. H. Smith St. Louis, Mo.

Gen. Manager — W. B. Doddridge St. Louis, Mo. Asst. Gen. Aud. — S. B. Schuyler

PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.

MISSOURI PACIFIC SYSTEM.— ARKANSAS AND LOUISIANA RY. CO.

Line of Road.— Hope, Ark., to Nashville, Ark 25.54 miles.

Sidings, etc., 1 mile. Gauge, 4 ft. 8£ in. Rail, iron, 55 Ibs.; steel (22 m.), 60 Ibs.

History.— Successor, Oct., 1881, to the Washington and Hope RR. Co. (See MANUAL
for 1891, page 10.)

Rolling Stock, Dec. 31, 1897. — Locomotives, 3. Cars — passenger, 1 ; baggage, mail,
and express, 1 ; freight (flat), 4 — total, 6.

Operations, year ending Dec. 31, 1897.— Train mileage— passenger, 20,917; freight,
13,083— total, 34,000 miles. Passengers carried, 11,339; carried one mile, 175,709. Tons

POOR'S MANUAL — MISSOURI PACIFIC SYSTEM. 561

freight moved, 10,614 ; moved one mile, 226,492. Earnings — passenger, $7,984.43 ; freight,
$28,472.66; mail, $1,933.64 ; express, $1,911.76 ; miscellaneous, $3,091.35— total, $43,393.84.
Operating expenses — transportation, $8,935.75 ; motive power, $6,362.75 ; maintenance of
cars, $10,017.38 ; of way, etc., $606.72 ; general, $3,126.09— total, $29,048.69. Net earnings,
$14,345.15; add amounts received from old iron, etc., $597.48 — total, $14,942.63. Paid taxes,
$1,843.82. Surplus, $13,098.81 ; surplus forward, $133,132.14— total, $146,230.95.

Financial Statement, Dec. 31, 1897.— Capital stock ($100 shares), $512,000 ; funded
debt, 1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, due July 1, 1913, interest Jan. and July, $384,-
000 ; due St. L., I. M. & So. RR. Co., $9,000 ; current accounts, $2,376.13 ; steel rail account,
$3,000 ; other liabilities, $10.68 ; profit and loss, $146,230.95— total, $1,056,617.76. Contra :
Cost of road and equipment, $1,051,926.25 ; materials and fuel, $78.63 ; advances account
surveys, $821.35; paid claims unadjusted, $130.14; current accounts, $2,174.33; cash, $1,-
487.06— total, $1,056,617.76. Interest on bonds payable at office of trustee, Mercantile Trust
Co., New York, N. Y.

Directors (elected Jan. 24, 1898).— George E. Dodge, Little Rock, Ark.; E. G. Merriam,
C. G. Warner, St. Louis, Mo. ; J. J. Thomas, A. H. Carrigan, Washington, Ark.

GEORGE E. DODGE, President Little Rock, Ark.

E. G. Merriam, Vice- President St. Louis, Mo.

Treasurer— A. H. Calef New York. N. Y. I Aset. Sec. & Asst. Tr— R. B. Williams. Washington, Ark.

Secretary— F. W. Jrland St. Louis, Mo. | Auditor— C. E. Ratcliff

PRINCIPAL OFFICE AND ADDBESS Washington, Ark.

MISSOURI PACIFIC SYSTEM.— CENTRAL BRANCH UNION PACIFIC RR. CO.

Line of Road. — Atchison, Kan., to Waterville, Kan 100.00 miles.

Leased ( Ateh., Col. & Pac. RR. (for details, see GENERAL INDEX). .254.79 m.
Lines: ( Atch., Jewett Co. & W. RR.; Jamestown to Burr Oak, Kan. 33.40 m.— 288.19

Total length of lines operated, Dec. 31, 1897 388.19 miles.

2d track, 0.80 m. ; sidings, 49.81 miles. Gauge, 4 ft. 8| in. Rail (steel, 214.31 m.), 56 Ibs.

History.— Organized as the Atchison and Pike's Peak RR. Co., Feb. 11, 1859 ; name
changed Jan. 1, 1867 ; road opened Jan. 20, 1868. This road was provided for as one of the
branches in the Acts incorporating the Union Pacific RR. Co., and received from the Govern-
ment 187,608 acres of land, and bonds at the rate of $16,000 per mile for the 100 miles.
Operated under a 25-yr. lease from Dec. 31, 1885, by the Missouri Pacific Ry. Co.; net earn-
ings going to Union Pacific as rental. Tbe Union Pacific Ry. Co. owned $874,200 of the capi-
tal stock, which was held by the trustees under the trust indenture of Sept. 4, 1891. For
further information, see GENERAL INDEX.

This company leases the Atchison, Colorado and Pacific, and the Atchison, Jewell County
and Westeon RRs. at an annual rental of $1,000 per mile.

Boiling Stock, Dec. 31, 1897.— Locomotives, 35. Cars— passenger, 13 ; baggage, mail,
and express, 9 ; freight (stock, 88 ; flat, 18 ; coal, 40 ; box, 322; caboose, 19), 487 ; service, 55
— total cars, 564.

Operations, year ending Dec. 31, 1897. — Train mileage— passenger, 265,166 ; freight,
632,726— total miles, 897,892. Passengers carried, 185,768 ; carried one mile, 6,477,492 ;
average mile rate, 2.222 cents. Tons freight moved, 534,177, moved one mile, 70,393,138;
average ton-mile rate, 1.229 cents.

EARNINGS. 1897 1896 1895

8 8 $

Passenger 143,930 07 119,780 17 131,698 20

Freight 865,221 86 544,77774 405,68901

Mail 48,10200 48,10200 48,10200

Express 14,269 21 12,463 39 12,807 80

Rent 1,50150 1,40050 1,53000

Miscellaneous 53,847 34 54,485 44 21 ,646 05

Total 1,126,871 98 781,00924 621.47306

Total per mile 2,90289 2,01193 1,60095

EXPENSES. 1897 1896 1895

$ $ $

Transportation 261,495 93 204,157 31 175,178 32

Motive Power 250,778 23 200,102 94 174,509 97

Maintenance of Way 174,364 09 133,!)81 30 152,871 75

Maintenance of Cars 30,533 36 26,210 31 31,550 8Z

General 43,39837 28,34105 25,71310

Total 760,569 98 592,792 91 559,823 97

Total per mile 1,95927 1,52707 1,44214

Net earnings, 1897 (32.51 p. c.), $366,302.

For statements of income, capital accounts, etc., etc., see GENERAL INDEX.

36

562 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

MISSOURI PACIFIC SYSTEM.— AUXILIARY LINE.

SEDALIA, WARSAW AND SOUTHWESTERN RT. CO.

Line of Road.— Sedalia, Mo. , to Warsaw, Mo 43.23 miles.

Sidings, etc., 2.15 miles. Gauge, 3 ft. Rail (iron), 45 Ibs.

History. — Chartered as Sedalia, Warsaw aud Southern Ry. Co., Sept. 16, 1879 ; road
opened throughout on Dec. 1, 1880. On Aug. 1, 1881, it was purchased by the Missouri
Pacific Ry. Co., and has been operated since in connection with that company's Missouri
Division. Reorganized early in 1891 under the above title. It is proposed to change the
gauge to the standard width. Receiver appointed July 10, 1894. The property was taken
out of the receiver's hands and restored to the company on Dec. 7, 1896.

Rolling Stock, June 30, 1894 (latest report). — Locomotives, 2. Cars — passenger, 1 ;. bag-
gage, etc., 1 ; freight (box, 9 ; stock, 12 ; flat, 13 ; coal, 6 ; caboose, 1), 41 — total cars, 43.

Financial Statement, June 30, 1894 (latest rendered). — Capital stock, $516,000 ; current
accounts, $6,550.75 ; profit and loss, $3,668.07— total, $526,218.82. Contra : Cost of road, etc.,
$516,000 ; cash and current assets, $10,218.82— total, $526,218.82. Trustees of bonds : Carlos
S. Greeley, and John D. Perry, St. Louis, Mo.

Directors.— George J. Gould, New York, N. Y. ; C. S. Gieeley, S. H. H. Clark, C. G.
Warner, W. B. Doddridge, St. Louis, Mo.

GEORGE J. GOULD, President New York, N. Y.

C. S. Greeley, Vice- President St. Louis, Mo.

Secretary— F. W. Irland St. Louis, Mo. | Treatttrer— A. H. Calef New York, N. Y.

Gen. Supt.—Geo. W. Inge St. Louis, Mo.

PRINCIPAL OFFICE AND ADDRESS. . , ..,,,,, , , , , , St. Louis, Mo.

NEW YORK CENTRAL AND HUDSON RIVER RAILROAD COMPANY.

(For map of this system see page 563.)

Main Line of Road.— New York City, N. Y., to Buffalo, N. Y 441.75 miles.

Troy and Schenectady Branch : Troy to Schenectady, N. Y 21.00 m.

Auburn Road : Syracuse to Rochester .104.00 m.

Attica Branch : Batavia to Attica, N. Y 11.00 m.

Niagara Bridge & Canandaigua RR.: Canand. to Niagara River.. 87.58 m.

Niagara Falls Branch : Rochester to Niagara Falls, JS. Y 74.75 m.

Tonawanda Branch : Lockport Junction to No. Tonawanda, N. Y. 12.25 m.

Charlotte Branch : Rochester Junction to Charlotte, N. Y 6.88 m.

Lewiston Branch : Buffalo to Lewiston, N. Y 30.29 m.

Junction Branch : East Buffalo to North Buffalo, N. Y 7.67 in.

Geneva and Lyont Branch : Geneva to Lyons, N. Y 14.00 m.

Dewitt and Geddes Branch : Dewitt to Geddes, N. Y 8.28 m.— 377.70 «*

Leased Lines (see "Summary of Leased Lines " in this statement) 1,575.43 "

Total lines operated, June 30, 1897, on which earnings and exp. are based. 2, 394.88 miles.

Leased Lines, Operations j Beech Creek RR. (see page 572) 157.49 m.

Reported Separately : \ D., A. Vy. & Pitts. RR. (see page 574). 90.60 m.— 248.09 "

Total length of lines, New York Central System, June 30, 1897 2,642.97 miles.

Gauge, 4 ft. 8i in. Rail (steel), 60 to 100 Ibs.

History.— Consolidation, Nov. 1, 1869, of the New York Central and Hudson River RR.
Cos. (See MANUALS for 1890 and 1894.) For terms under which leased lines are operated,
see statements for the several companies.

Since the close of the fiscal year the company has purchased controlling interests in the
Lake Shore and Michigan Southern Ry. and Michigan Central RR. on terms stated in
SUPPLEMENT to MANUAL, if received before going to press.

Rolling Stock, June ?0, 1897.— Locomotives, 1,118. Cars— passenger (1st class, 730 ; 2d
•class, 197), 927 j combination, 120 ; dining, 15 ; immigrant, 25 ; parlor, 3 ; baggage, mail and

564

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

express, 329 ; other passenger train cars, 14 ; freight (box, 27,919 ; flat, 2,449 ; cattle, 1,275 ;
refrigerator, 104 ; coal, 5,796), 37,543; officers' and pay, 7; gravel, 500; derrick, 28; caboose,
471 ; other road cars, 360— total cars, 40,342. Also, 9 dummy engines.

Floating Equipment, June 30, 1897.— Propellers and steam-tugs, 20 ; lighters, 2 ; barges,
64 ; canal boats, 22 ; floats, 27 ; ferry-boats, 7— total, 142.

The company has 4 machine shops, 4 car shops, 77 engine houses, and 7 elevators, the
last mentioned having an aggregate capacity of 4,925,000 bushels of grain.

Number of employees, 26,249, being an average of 10.96 per mile of road operated ; ag-
gregate compensation, $16,164,660.64, or an average of $615.82 each. Payments in wages
equalled 54.52 p. c. of the total working expenses, as against 54.88 p. c. in 1895-96 ; 55.81 p.
c. iii 1894-95 ; 55.71 p. c. in 1893-94 ; 53.54 p. c. in 1892-93 ; 53.58 p. c. in 1891-92 ; 58.23 p.
c. in 1890-91, and 54.34 p. c. in 1889-90.

Statement showing length of track on all lines, N. Y. C. proper, June 30, 1897 :

DIVISIONS AND BRANCHES.

Lines of
Road.

SIDINGS AND OTHER TRACKS.

Total
Track.

2d Tr'k.

3d Tr'k.

4thTr'k.

Sidings.

New York to East Albany (Main Line)

M.

144.00
297.75

M.
144.00
297. 75

M.

30.63
286.B4

M.

M.

150.41
733.37

M.

469.04
1,902.15

Albany to Buffalo (Main Line)

286.64

Total Miles (Main Line) Owned

441.75
377.70

441.75
81.84

317.27

286.64

883.78

*

2,371.19
459.54

Branches Owned

Total Miles of Single Track Owned

819.45

6.00
6.04
126.96
425.00
4.51
304.47
198.78
173.10
46.10

523.59

6.00
6.04
22.44
341.29
4.51
5.05

317.27

286.64

883.78

0.43
0.57
49.78
226.47
2.tfl
99.77
50.55
27.30
9.81
3.65
14.95
0.25

2,830.73

12.43
12.65
220.00
992.76
16.24
409.29
249.33
200.40
55.91
16.70
74.21
1.48

LEASED LINES.

Troy and Greenbush RR

Spuyten Duyvil and Port Morris RR.

New York and Harlem RR

10.41

10.41

West Shore RR

New Jersey Junction RR

3.08

1.33

Rome, Watertown and Ogdensburg RR.

Rome, Watertown and Ogdensburg RR., Leased Lines.

Gouverneur and Oswegatclne RR.

13.05

New York and Putnam RR

54.06
1.23

5.20

Tivoli Hollow RR

Total Miles (Main Lines) Leased

1,359.30
216J3

390.63
3.10

13.49

11.74

486.34
47.52

2,261.40
266.75

Branches Leased

Total Miles of Leased Lines

I ,575.43

393.03

13.49

11.74

533.86

2,528.15

Grand Total, Miles Single Track Owned and Leased

2,394.88

917.22

330.76

298.38

1,417.64

5,358.88

* Sidings included in second track.

" The Dunkirk Allegheny Valley and Pittsburg RR. and the Beech Creek RR. are also leased by this com-
pany, but their mileage and operations are not included in this report, as separate accounts have been kept
and separate reports made in behalf of those companies."

Operations, year ending June 30, 1897. — See tabulated statement on page 565.

Earnings— Passenger $13,094,619 62

Freight 25,850,731 46

Mail, Express, and Telegraph. 2,809,396 39
Other Sources 131,294 95

Traffic Earnings ($17,490.12 per mile) $41,886,042 42

Rents 1,791,884 29

Interest 602,212 61

Total ($18,650.84 per mile) $44,280,139 32

Expenses— Traffic $17,215,888 62

Maintenance of Equipment — 4,435,472 77
Maint. Way and Structures. . . . 4,838.267 33

General 1,110,282 55

Taxes 2,048,235 27

Total ($12,380.01 per mile) $29,648,146 5i

Net earnings (33.04 p. c.), $14,631,992.78. Payments : Interest on bonds, etc., $4,126,-
489.61 ; rentals of leased lines, $5,924,736.07 ; State tax on capital and earnings, $228,900.30;
reserve for 4 p. c. gold debentures, $300,000 ; dividends on stock (4 p. c.), $4,000,000— total,
$14,580,125.98. Surplus, $51,866.80 ; surplus forward, $11,881,481.42— total, $11,933,348.22.

POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 565

Deduct sundry uncollectible and depreciated accounts written off, $468,348.26. Balance of
income account June 30, 1897, $11,464,999.96.

Allotment of expenses : To transportation of passengers, $11,059,434.03 ; to transporta-
tion of freight, $18,588,712.51.

" Interest on Bonds, etc.'' — Interest on 1st mtge. bonds, $2,100,000 ; on sterling bonds,
$584,000 ; on 20-yr. debentures, $500,000 ; on debentures of 1889, $50,000 ; on debentures of
1890, $527,760 ; on extended debt certificates, $258,000 ; on bonds and mortgages, etc.,
$106,729.61— total, $4,126,489.61.

Statement of operations, earnings, etc., for seven fiscal years :

1891

1892

1893

1894

1895

1896

1897

Miles RR. Operated....
Passenger Train Miles..
Freight Train Miles
Mixed Train Miles. ...

2,096.46
11,122,747
11,558,246

2,096.46
13,371,644
14,484,181

2,096.46
14,323,229
14,194,486

2,396.45
14,374,635
13.170,974

2,392.48
14,031,024
13,007,458
267,061
9,291,256

2,394.84
14,586,639
14.143,387
355,773
9,602,755

2,391.84
14,664,557
13,761,865
877,100
9,008,260

Other Train Mileage

Total Train Mileage
Passengers Carried
Passenger Mileage
Earn. p. Pass. p. Mile. .
Net per Pass. p. Mile. . .
Earn p. Pass. Train M..
Profit p. Pass. Train M.
Freight (tons) Moved. . .
Tons Through

10,185,934

13,157,010

11,754,546

11,793,251

32,866,927
20,057,234
597,406,825
l.Soc.
0.47 c.
$1.05
0.25
16,621,567
2,023,133
14,598,434
2,890,066,046
0.74 c.
.0.17C.
$1.86
0.43
S
11,681,109
21,456,473
2,523,960

41,012,835
22,213,637
687,038,796
1.94 C.
0.41 C.
10.99
0.21
20,721,752
3.230,914
17,490,838
3,830,033.593
0.70 C.
0.16 c.
81.85
0.42
S
13,305,683
26,866,944
2,779,833

40,272,261
23,671,383
745,080,941
1.89 c.
0.31 c.
$0.98
0.16
21,312,072
2,914,392
18,397,680
3,833,105,713
0.71 C.
0.17 c.
$1.93
0.49
$
14,047,572
27,372,071
2,862,950

39,338,860
23,602,243
742,542,163
1.90C.
0.44 C.
$0.98
0.23
18,728,592
2,335,162
16,393,430
3,275,998,571
0.74 c.
0.17 C.
$1.83
0.41
$
14,151,280
24,104,509
2,973,958

36,596,799
23,809,465
686,589,144
1.89 C.
0.35 c.
$0.92
0.17
19,741,495
2,036,453
17,705,042
3,329,206,079
0.73 C.
0.18 c.
$1.84
0.46

S

12,965,112
24,268,709
2,873,749

38,728,554
23,906,471
724,227,685
1.89c.
0.37 c.
$1.13
0.38
22,123,617
2,977,888
19,145,729
3,874,532,962
0.67 c.
0.17 c.
$1.80
0.45

13,705,021
25,984,710
2,936,528

37,811,782
23,166,483
689,764,624
1.90 C.
0.30 c.
$1.06
0.33
20,649,810
3,317,097
17,332,713
3,790,311,495
0.68 C.
0.19 c.
$1.84
0.52
$
13,094,620
25,850,731
2,940,691

Tons Way

Freight (ton) Miles....
Earn, per Ton per Mile.
Profit per Ton per Mile.
Earn. p. Fgt. Train M..
Profit p. Fgt. Train M. .

Passenger Earnings
Freight Earnings

Other Earnings

Total Earnings

35,661,542
25,370,852

42,951,960
31,139,113

44.282,593
32,291,877

41,229,747
29,508,406

40,107,570
28,810,443

42,626,259
30,455,570

41,886,042
29,648,146

Expenses and Taxes —
Net Earnings

10,290,690
2,240,573

11,812,847
2,526,665

11,990,716
2,654,100

11,721,341
2,448,453

11,297,127
2,381,967

12,170,689
2,518,708

12,237,896
2,394,087

Other Receipts

Total Net Income
Fixed Charges

12,531,263
8,881,964
(4) 3,577,132
72,167
21,577.37
15,350.88
6,226.49
71. 14 p. c.

14,339.512
9,805,881
(5) 4,471,415
62,216
20,487.85
14,853.19
5,634.66
72.49 p. c.

14,644,816
10,085,631
(5) 4,471,415
87,771
21,122.55
15,403.05
5,719.50
72. 92 p. C.

14,169,794
10,367,309
(5) 4,588,826
def. 786,340
17,484.38
12,513.69
4,970.69
71. 57 p. c.

13,679,094
10,556.680
(4^)4,339,990
«fe/.l,217,577
16,764.01
12,042.04
4,721.97
71. 83 p. c.

14,689,397
10,645,604
(4) 4,000.000
43,793
17,799.29
12,717.16
5.082.13
71 .45 p. C.

14,631,993
10,580,126
(4) 4,000,000
51,867
17,490.13
12,380.01
5,110.11
70.78 p. C.

Dividends

Balance, Surplus ....

Gross Earnings per Mile
Gross Expenses per M. .
Net Earnings per Mile. .
Expenses to Earnings . .

Through freight — going North and West, 2.17 p. c., going East and South, 13.89 p. c. ;
total through, 16.06 p. c. of the whole tonnage in 1896-97. Way freight, 83.94 p. c. of the
whole in 1896-97. In addition to freight earning revenue, as shown in the preceding state-
ment, the company transported 2,370,811 tons, equal to 279,818,667 tons one mile, for its own
use during 1896-97.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $159,791,201 57

Special Equipment 3,906,46431

Stock and Bonds of Other Companies... 11,085,522-65
Advances for Construction of Other

Lines, Real Estate, etc... 5,024,12661

N. Y. & H. RR., Construction Account. 1,359,888 15

West Shore RR., Construction Account.. 278,855 84
Park Avenue improvement and New

Bridge over Harlem River 2,561,789 48

Change of Grade Crossings, Buffalo 913,500 52

Due by Agents and Others 4,860,933 51

Fuel and Supplies on Hand 2,362,890 71

Cash^ on Hand 1,912,019 78

Total Assets $194,057,193 13

Capital Stock $100,000,000 00

Funded Debt 70,377,333 33

Bonds and Mtges. on Real Estate 7,000 00

Securities Acquired from Lessor Cos. . . . 2,914,150 00

Past Due Bonds ._ 4,790 00

Interest and Rentals Accrued 3,704,006 22

Unclaimed Interest 25,266 60

Dividend Payable July 15, 1897 1,000,000 00

Unclaimed Dividends 39,861 61

Due for Wages, Supplies, etc 3,065,888 09

Due Other Roads, etc 1,423,174 21

Carthage & Ad. Ry., Construction Acc't 30,723 11

Profit and Loss (Excess over Liabilities) 11,464,999 96

Total Liabilities $194,067,163 13

566

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

Capital stock consists of 1,000,000 shares of the par value of $100 each, the total of
$100,000,000 including $6,300 consolidation certificates not yet converted. Amount of capital
stock issued per mile of road owned, $122,033.07.

Statement of capital accounts, operations, etc., for seven fiscal years, ending June 30:

1891

1892

1893

1894

1895

1896

1897

Miles of Road Owned

819.45
2,661.48
2,096.46
4,752.13

1,132
914
285
40,588

89,428,300
65,377,333
357,000

819.45
2,700.52
2,096.46
4,808.42

1,169
984
323
40,206

89,428,300
68,077,333
342,000

819.45
2,722.58
2,096.46
4,856.81

1,197
1,082
345
40,172

89,428,300
68,077,333
292,000

819.45
2,789.92
2,396.45
5,280.49

1,211
1,184
354
39,302

94,273,400
67,977,333
157,000

819.45
2,805.77
2,392.48
5,308.85

1,174
1,186
347
33,182

100,000,000
70,677,333
107,000

819.45
2,819.31
2,394.84
5,340.24

1,131
1,100
347
39,028
$
100,000,000
70,377,333
57,000

819.4.-)
2,830.73

2,394.8,';
5,358.88

1,127
1,104
829
38,909
8
100,000,000
70,377,333
7,000

Miles of Track Owned

Miles of RR. Operated

Miles of all Tracks

Locomotives and Dummies

Passenger and Emigrant Cars

Baggage, Mail, etc., Cars

height, Caboose, etc., Cars. .......

Capital Stock

Funded Debt

Real Estate, Mortgages, etc

Total Capital Account

155,162,633
14,964,519
13,226,026

157,847,633
13,554,805
13,359,349

157,797,633
17,698,831
13,648,224

162,407,733

17,287,884
12,861,883

170,784,333
12,169,456
11,837,688

170,434,383
12,390.814
11,881,481

170,384,383
12,2> 7.860
11,465,000

Current and Other Liabilities

Income Balance

Total Liabilities

183,353,178

21,457,741
2,933,142
31,263,930
15,107,965
16,422,157
6,402,184
1,886,947
15,337,034
3,020,845
519,725

184,761,787

21,744,430
3,095,041
31,628,450
15,524,409
17,131,001
6,402,184
2,368,815
15,435,891
3,021,093
583,367

189,144,688

21,757,635
3,117,039
31,660,917
16,365,518
17,919,622
6,128,500
4,574,000
14,858,791
3,021,093
936,200

192,557,500

21,764,939
3,126,438
31,717,602
16,641,032
17,931,993
6,128.500
4,670,457
14,858,791
3,021,093
956,551

194,791,477

21,775,732
3,126,438
31,757,443
16,801,960
17,983,506
6,128,500
4.670,457
14,858,791
3,021,093
956,551

194,706,628

21,818,488
8,126,438
81,814,145
17,579,003
17,989,481
6,128,500
4,670,457
14,858,791
8,024,324
956,551

194,057,193

21,822,305
3,130,676
33,576,662
18,057,426
18,018,069
6,128,500
4,670,457
14,755,618
3,024,324
956,551

Grading and Masonry ...

Bridges and Trestles

Superstructure, including Rails
Buildings, Fixtures, and Signals
Land, Land Damages, and Fences. .
Locomotives

Passenger and Baggage Cars
Freight and Road Cars

Engineering..

Floating Equipment ',

Total, N. Y. C. & H. R. RR. . .
Rochester & L. O. RR

114,351,670
150,000
658,921
400,000
2,000,000
732,298
219,900
1,000,000
331,590

116,931,681
150,000
658,922
400,000
2,000,000
732,298
219,900
1,000,000
331,590

120,339.315
150,000
658,922
400,000
2,000,000
732,298
219,900
1,000,000
331,590

120,817,396
150,000
658,922
400,000
2,000,000
732,?98
219,900
1,000,000
331,590

121,080,471
150,000
658,922
400,000
2,000,000
732,298
219,900
1,000,000
331,590

121,967,078
150,000
658,922
400,000
2,000,000
732,298
219,900
1,000,000
331,590

123,140,588
150,000
658,922
400,000
2,000,000
732,298
219,900
1,000,000
331,590

Buffalo and Niagara Falls RR

Lewiston RR

Saratoga and Hudson River RR
Syracuse Junction RR

Junction RR. Buffalo

Niagara Br. & Canandaigua RR. . .
Geneva and Lyons RR. . . .

Total Permanent Investments . .
Excess of Capital Account

Consolidation Certificates of 1869. . .
Other Investments

119,844,379

122,427,391

125,832,024

126,310,106

126,573,180

127,459,788

128,633,298

35,318,254

35,420,242

31,965,609

36,097,627

44,211,153

42,974,545

41,751,035

31,157,904
21,101,013
11,249,882

31,157,904
21,441,773
9,734,720

31,157,904
22,623,013
9,531,747

31,157,904
23,663,030
11,426,460

31,157,904
24,201,009
12,859,384

31,157,904
24,756,517
11,332,420

31,157,904
25,130,147
9,135,844

CaBh and Cash Assets

Total Property and Assets
Number of Stockholders

183,353,178
9,505

184,761,787
8,983

189,144,688
9,478

192,557,500
11,760

194,791,477

12,747

194,706,628
12,813

194,057,193
13,115

Cost of road per mile of 819.45 miles owned, $162,645.77 ; cost of equipment per mile
owned, $32,352.34— total cost per mile owned, $194,998.11.

Income, etc., supplementary comparative statement, nine months ending March 31, 1898
and 1897 :

Gross
Earnings.

Operating
Expenses.

Expenses
to
Earnings .

Net
Earnings.

First
Charges.

Profit.

Dividend.

Balance
(+ or-).

1898....

$
35,097,696 05
:«,071,888 30

$
23,610,606 26
22,381,06272

p. c.
67.27
67.67

11,487,089 79
10,690,825 58

$
7,796,480 66
7,900,096 70

p.c.
3.69
2.79

$

3,690.609 13
2,790^28 88

p.c. $
3.00 3,000,000
3.00 3,000,000

$
+ 690,60913
-209,271 12

1897

Increase...
Decrease...

2,025,807 75

1,229,543 54

0 40 ' '

796,264 21

"103,61664

0.90

899,880 25

899,88025

1

POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER RK. CO. 567

General Balance

Cost of Road and Equipment $159,867,298 58

Special Equipment 3,906,46431

Stocks and Bonds of Other Cos 11,085,722 65

Advances for Construction of Other

Lines, Real Estate, etc 8,272,841 92

N. Y. & H. RR. Construction Account. . 1,319,560 12

West Shore RR. Construction Account.. 261,434 48
Park Avenue Improvement and New

Bridge over Harlem River 2,990,10661

Change of Grade Crossings at Buffalo.. 1,235,253 66

Due by Agents and Others 5,642,352 94

Supplies on Hand 2,785,790 65

Cash on Hand 530,652 64

Bonds Bought for Sinking Fund 1,319,560 12

Total Assets $198,347,588 56

Sheet, March 31, 1898.

Capital Stock -. . . .$100,000,000 CO

Funded Debt 73,265,060 62

Bonds and Mortgages on Real Estate... 7,000 00

Securities Acquired from Lessor Cos 2,914,150 00

Bonds Past Due 4,790 00

Interest and Rentals Accrued 2,570,727 74

Unclaimed Interest 23,821 60

Unclaimed Dividends 39,004 11

Dividend Payable April 15, 1898 1,000,000 00

Due for Wages and Supplies 3,056,038 94

Due Other Roads, etc 3,280,663 35

Carthage and Adirondack Ry. Construc-
tion Account 30,723 11

Profit and Loss (excess over Liabilities) . 12,155,609 09

Total Liabilities $198,347,588 56

Statement of funded debt, June 30, 1897:
Istmtge. 7p. c. 30-yr. conp. bonds, due Jan. 1, 1903, Interest Jan. and July ........................ 87,270,000 00

1st mtge. 7 p. c. 30-yr. registered bonds, due Jan. 1, 1903, interest Jan. and July ............. ...... 22,730,000 0]

Istmtge. 6 p. c. 30-yr. sterling bonds, due Jan. 1, 1903, interest Jan. and July ..................... 9,733,333

Debentures p. c. 20-yr. coup, oonds, due Sept. 1, 1904, interest March and Sept .................... 6,889,000 OJ

Debenture 5 p. c. 20-yr. registered bonds, due Sept. 1, 1904, interest March and Sept ................ 3,111,000 0:)

Debenture5p. c. 15-yr. registered bonds, due Sept. 1, 1904, interest March and Sept ................ 1,000,000

Debenture 4 p. c. 15-yr. coup, bonds, due June 1, 1905, interest June and Dec .................... 11,687,000

Debenture 4 p. c. 15-yr. registered bonds, due June 1, 1905, interest June and Dec .................. 1,507,000

Extended (from May 1, 1893) 4 p. c. debt certificates, due May 1, 1905, int. May and Nov. -j re^tefed." l^OOO 00

Total issued and outstanding ........................ ........................................... $70,377,333 33

Amount per mile of road owned (819.45 m.) ....... ................... ........................... 85,883 62

The 1st mtgc. bonds were issued partly to provide meana for retiring certain maturing bonds, and partly
to provide means for additional tracks and other improvements. The mtge. covers the entire road. The
sterling bonds of this issue are numbered 1 to 10,000; principal and interest payable in London, at the Unioff
Bank. Denominations of dollar bonds — coup., $1,000; registered, $5,000 and $10,000. Coup, bonds are convert-
ible into registered bonds without coupons, and interest payable to order. Principal and interest payable in
New York, at the Grand Central Station.

The 5 p. c. debenture bonds are of $1,000 each, to bearer, with provision for exchange into registered
certificates of $1,000, $5,000, or $10,000. These debentures rank after all prior issues of bonds, and it is pro-
vided that they shall be included in any mtge. placed upon the company's property prior to July 1, 1902. The
debentures of 1889 ($1,000,000) have a conversion privilege under which the holders may receive stock at par,
instead of cash, for the bonds at maturity, in the event of the company replacing its 1st mtge. bonds with an
issue of stock. Principal and interest payable in New York, at the Grand Central Station.

The 4 p. c. debentures are for $1,000 each, to bearer, or, at the option of the holder, in registered cer-
tificates of $1,000, $5,000, and $10,000 each. The coup, bonds are convertible into registered. Principal and
interest payable in gold at the Grand Central Station, New York. The debentures of this issue will be
specifically provided for in any subsequent mtge. up to 1905. Each bond must be countersigned by the Union
Trust Co. as registrar.

The extended debt certificates are dated Aug. 1, 1853, and fell due May 1, 1883, when they were extended
ten years with interest at the rate of 5 p. c. per annum. On May 1, 1893, they were extended to May 1, 1905,
the rate of interest being reduced to 4 p. c., and both principal and interest made payable in gold. These cer-
tificates are in coup, form, for $500 or $1,000 each. Owing to the cancellation of many of the original cer-
tificates the numbers do not run consecutively, the highest $1,000 certificate outstanding being No. 8,000, and
the highest $500 certificate, No. 1,847. New coupons and extension agreements have been affixed to each
certificate extended, and holders of extended certificates in coup, form, who may so desire, will have the right
to convert them into registered certificates of $1,000 and $5,000, each series commencing with No. 1.

Under authority voted at the annual meeting of the stockholders, held May 27, 1897, a mortgage to cover
the entire property and assets of the company, whether now held or hereafter acquired, was executed to the
Central Trust Op. of New York, as trustee, to secure an issue of $100,000,000 of 3J p. c. 100-yr. gold bonds, due
July 1, 1997, with interest payable Jan. 1 and July 1. Principal and interest, free of all taxes, payable in
New York. The bonds are in coupon and registered forms, coupon bonds being for $1,000 each, registered
bonds for $1,000 or multiples thereof. Coupon bonds may be registered as to principal only or may be con-
verted into full registered bonds on surrender of coupons.

The bonds are to be issued as to $85,000,000 of them for the retirement of the present outstanding $70,377,-
333.33 of 1st mtge. bonds, extended debt certificates and debentures, at or before their maturity, $14,622,666.67
of such new bonds being provided to meet any premium necessary to retire existing bonds. Such premium is
to be determined by computing the present worth of such bonds on a basis of 3J p. c. to maturity. The
remaining $15,000,000 of new bonds can be issued only after Dec. 31, 1903, and then at a rate not exceeding
$1,000,000 yearly; these to be used in providing for additions and betterments to the property.

Under the terms of the mortgage, the 1st mtge. 7 p. c. bonds and the 1st mtge. 6 p. c. sterling bonds,
when received by the Central Trust Co., trustee, will be stamped as not negotiable, and held by said trustee
as additional security for the new bonds, while extended debt certificates and all debenture certificates, when
received by the trustee, are to be cancelled and surrendered to the company. The mortgage requires that the
outstanding old bonds shall in no event be extended, but shall be paid as they mature, so that after June 1,
1905, the new mortgage will be a first mortgage upon the property of the New York Central and Hudson
River RR. Co.

In accordance with the provisions above stated, there had been issued, June 1, 1898, $23,801,000 of the
bonds, of which $20,424,699.35 were issued in exchange for outstanding old bonds ($6,814,000 1st mtge. 7 p. c.
bonds, $1,854,199.35 1st mtge. 6 p. c. sterling bonds, $3,627,000 5 p. c. debentures of Sept. 1, 1884, $150,000
5 p. c. debentures of Sept. 1, 1889, $1,864,500 4 p. c. extended debt certificates of May 1, 1853 and $6,115,000
4 p. c. gold debentures of June 1, 1890) and $3,376,300.65 were issued as part of the $14,622,667 reserved for
the uses of the company, of which $1,357,300.65 were used for refunding purposes and the balance for general
purposes of the company.

On Feb. 4, 1898, authority was voted for an issue of $100,000,000 of 3J p. c. 100-yr. gold bonds to be used
for the purpose of acquiring the capital stock of the Lake Shore and Michigan Southern Ry. Co., and on April
13, 1898, authority was voted for an issue of $21,550,000 of 3£ p. c. gold bonds to be used for the purpose of
acquiring the capital stock of the Michigan Central RR. Co., agreements having been made with persons own-
ing majority interests in the companies named for the sale of their shares to the New York Central and

568

POOK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

Hudson River RR. Co., that company to pay therefor in 3J p. c. gold bonds on the baeig of $200 in bonds per
$100 share of the Lake Shore and Michigan Southern, and $115 in bonds per $100 share of the Michigan Central,
and it having been decided to offer the same terms to holders of the minority interests in the stocks of the
Lake Shore and Michigan Southern Ry. Co. and Michigan Central RR. Co. Up to June 27, 1898, $44,932,300
of the $50,000,000 capital stock of the former and $14,250,000 of the $18,738,000 capital stock of the latter had
been acquired by the New York Central and Hudson River RR. Co., by means of interim certificates for the
new bonds or of the bonds themselves.

The new bonds are known respectively as Lake Shore collateral gold bonds and Michigan Central collateral
gold bonds. They are issued under separate deeds of trust in favor of the Guaranty Trust Co. of New York,
as trustee, and are secured by deposit of the shares against which they are issued. They are in coupon form
for $1,000 each, or registered for $1,000 and multiples thereof. Coupon bonds of the Lake Shore issue are dated
Feb. 1, 1898, and of the Michigan Central issue April 13, 1898, while registered bonds of both issues are dated
as of the several dates of their issue. Both issues mature Feb. 1, 1998, and interest on them is payable Feb. 1
and Aug. 1, both principal and interest being payable in gold at the Grand Central Station, New York, N. Y.
Coupon bonds may be registered as to principal or exchanged for full registered bonds. The bonds are direct
obligations of the New York Central and Hudson River RR. Co., and it is provided that the company will not
hereafter make any mortgage upon its railroad or upon any substantial part thereof, without including therein
the bonds of both these issues.

Stocks and bonds of other companies owned Juue 30, 1897 :

STOCKS.

No. of

Beech Creek RK. Co. . 286 $14,300 00

Buff. Crosst'n Ry. Co. 800 80,000 00

B., T. I. & P. RR. Co. 2,500 250,000 00

Garth. & Ad. Ry. Co. 5,000 500,00000

C.,W. & S. H. RR. Co. 4,835 483,500 00

C. D'k & Ter. Ry. Co. 1,354 135,400 00

D.,A.V. &P.RR. Co. 10,676 1,067,60000

Gouv. & Os. RR. Co. 3,500 350,00000

Hudson R. Bridge Co. 3,750 375,00000

J. C. & Bay. RR. Co. 135 13,50000

Mahopac FallsRR.Co. 1,000 100,00000

Mer. Des. Transp. Co.25,974 2,597,400 00

Moh. & Mai. Ry. Co. 45,000 4,500,00000

Mor. R. Coal Mm. Co. 562 56.200 00

N. J. June. RR. Co.. 1,000 100,00000

N.J.Sh. Line RR. Co. 310 31,00000

N. Y. & Put. RR. Co.65,000 6,500,000 00
N. Y., O. & W. Ry.

Co., pref. stork 10 1,000 00

N. Falls. Br. RR. Co. 2,500 250,000 00

Osw. Agric.Fair Asso. 20 50000

Osw. & Rome RR. Co. 2,022 202,20000

Pine Creek Ry. Co ... 19,980 999,000 00
Qneenstown Susp. Br.

Co. (£25 each) 335J 40,000 00

State Line& Stony Pt.

RR.Co.UOp.c. p'd)

185

1,85000

nn
ate

4

Div. Re-
ceived &
4 Accrued.
57200

STO( No. of Total Ann
Shares. par Val. Rate

Syr.,G. &C.RV.CO. 6,626 662,60000 7
Tivoli Hoi. RR. Co. 325 32,50000

46,38200

Tonaw'da Is. B. Co. 2.000 50,000 00 . .
Troy Union RR Co 150 15 000 00

4

5

19,a32
5,416
9,750

Ut. & Bl. R. RR. Co. 11,200 1,120,000 00 7
Walkill Vy. RR. Co. 3,300 330,000 00 . .

78,400 00

Western Transit Co. 10,000 1,000,000 00 . .
W. S. & On. Ter. Co. 29 2,900 00
West Shore RR. Co.100,000 10,000,00000 ..

;- ••

8

155,84400

Total par Value 31,861,45000 ..

333,19600

Ledger Value

BONDS. ^l^1 £T

-Held, itate.

Dun., War. & P. Ry. Co 1,257,00000 7
Ogd. & Lake Champ. RR. Co. 175,000 00 . .

Int. Re-

$87,99000

7 17,500 00

Pittsb.. Tit. & Buff. Ry. Co.. 3,916 28 . .

Walkill Vy. RR. Co. 1st Mlg. 250,000 00 7
Wai. Vy. RR. Co.2d Mtg. Inc. 330,000 00 t7
Warren & Venango RR. Co. 1,300,000 00 7

*
*
91,00000

Total par Value 3,315,916 28 . .

178,990 00

* Interest on Walkill Valley RR. Co. bonds credited to West Shore RR. Construction Account,
t Rate during the past fiscal year.

Interest and dividends received and accrued :

Dividends on stock $333,196 00

Interest on bonds 178 990 yy

Interest on notes, loans, deposits and advances 90,'o26 61

Total .

$602,21261

Summary of Leased Lines on June 30, 1897.

COUPOH ATE TlTLB.

Date
of
Lease

Road
Miles.

^

Track

Miles.

LIAI;II.IT}ES.

Cost of
Roads,
etc.

Stocks.

Bonds.

Total.

Troy and Greenbush. ,

1851
1871
1873
1886
1891
1886
1891
1891
1891
1891
1891
1893
1893
1893
1894

y.

6.00
6.04
135.90
449.71
45.49
4.85
409.70
8.57
26.89
150.38
28.81
181.50
4610
13.05
61.21
1.23

N

12.43
12.65
235.08

| 1,072.21
16.58

Iso9.85^

210.45
55.91
lfi.70
84.81
1.48

274,400
989,000
10,000,000

10,000,000

100,000
10,000,000
250,000
225,000
2,223,000
487,345
4,500,000
500,000
350,000
6,500,000
. 32,500

I

8

274,400
989,000
22,000,000

60,000,000

1,800,000
20,773,800
250,000
975,000
4,173,000
787,345
10,900,000
1,600,000
650,000
11,725,000
32,500

274,400
989,000
23,625,339

60,000,000

1,724,340
18,182,059
243,756
964,900
4,368,222
767,757
10,900,000
1,599,278
650,OOC
11,700,OOC
32,50C

Spuyten Duyvil and Port Morris

New York and Harlem and Branches . .

12,000,000
50,000,000

1,700,000
10,773,800

West Shore and Branches

Syracuse, Ontario and New York .

New Jersey Junction and Branches

Kome, Watertown and Ogdensbure

Niagara Falls Branch

Oswego and Rome

750,666
1,950,000
300,000
6,400,000
1,100,000
300,000
5,225,000

Utica and Black River

Carthage, Watertown and Sackets Harbor..
Mohawk and Mai one.

Carthage and Adirondack

Gouverneur and Oswegatchie

£%rs5&dputtmni ::::::::::::::

Totals

1,575.48

2,528.15

90,498,800

186,930,045

136,021,63f

POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 569

Statement showing details of rentals paid for roads included in the preceding statement:

RAILBOADS.

Interest
on
Bonds.

DIVIDENDS
ON STOCK.

State Tax
on
Capital
Stock.

Cash
Rental.

Total
Rentals.

Rate.

Amount.

840,00000

P.gc.

8

7

800,00000
79,120 00
19,25000

19,640 00
1,978 00
48020
1443

I

1,659,64000
81,09800
19,73020
2,000,014 42
68.00000
1,107,130 73
17,937 50
44,58438
247,769 79
36,813 80
139,006 75
44,000 75
15,00000
221.009 75

Spuy ten Duyvil and Port Morris .

Troy and Greenbush

West Shore . . ....

2,660,000 66

New Jersey Junction

68,00000
578,787 54

Rome Watertown and Ogdensburg

5
7

500,00000
17,50000

13,343 19
43750
8438
3,659 79
73102
675
075

15,00000

44,50000

Utica and Black River

84,00000

7

155,610 00

4,50000
36,08278

Carthage Watertown and Sackets Harbor

139,00000

Carthage and Adirondack

44,00000
15,00000
221,00000

New York and Putnam
Totals

975

4,034.287 54

1,571,480 00

40,38575

55,58278

5,701,73607

To this sum of $5,701,736.07 should be added the amount paid as rental for the Dunkirk, Allegheny Valley
and Pittsburg RR. ($203,000 for interest on bonds, $19,500 for dividends at the rate of 1J p. c. on $1,300,000
stock and $500 for organization expenses), $223,000; making the total amount paid as rentals during the year
ending June 30, 1897, $5,924,736.07.

NOTE. — The amount shown as interest on account of the Rome, Watertown and Ogdensburg RR. Co.,
included interest on real estate bonds and mtges., $1,927.50; and rental of equipment under lease $21,242.04;
leaving the actual amount paid as interest on bonded debt, $555,618.

At the New York office the treasurer transfers stock, pays dividends on stock issued here,
transfers registered bonds, and pays interest on coupon and registered currency bonds. The
Union Trust Co. of New York registers stock issued here. The London agents, J. S. Morgan
& Co., pay dividends on stock issued there. The Union Bank registers stock issued in London,
and pays interest on sterling bonds. Dividends on stock registered in London are payable in
gold.

RAILROADS' LEASED BY N. Y. C. & H. R. RR. Co.

Carthage and Adirondack Ry.— Carthage
to Newton Falls, N. Y., 46.10 m.; total track (steel),
55.01 miles. Rail, 60 IDS. Chartered- March 28,
1883; opened throughout Aug. 22, 1889. In March,
1893, the N. Y. C. & H. R. RR. Co. purchased the
entire capital stock and both issues of the old 6
p. c. bonds, and the latter were retired and the
mortgages discharged. On Msy 1, 1893, the road
was leased in perpetuity to the N. Y. C. & H. R. RR.
Co., the lessee guaranteeing the new 4 p. c. bonds,
principal and interest. Since July 1, 1893, the
operations of this road have been included in those
of the lessee. Financial Statement, June 30, 1897.—
Capital stock (par, $100), $500,000; funded debt, 1st
nitge. 4 p. c. $1,000 coup, bonds, dated Dec. 1, 1892,
due Dec. 1, 1981, interest June and Dec., at lessee's
office, New York, N. Y. (auth., $1,600,000), $1,100,-
000; profit and loss, $29,996— total, $1,629,996. Con-
tra: Cost of road, etc.. $1,599,273; current accounts,
$30,723— total, $1,629,996. Trustee: Union Trust Co.,
New York. Chauncey M. Depew, Fres.; H. Walter
Webb, Vice-Pres.; E. V. W. Rossi ter, Sec. & Treas.,
New York, N. Y. Corporate Office, Grand Central
Station, New York, N. Y.

Gouvernenr and Oswegatchle RR.—
Gouverneur to Edwards, N. Y., 13.05 m. — total
track (steel), 16.70 miles. Rail, 70 Ibs. Chartered
April 13, 1892; opened July 18, 1893. Leased in
perpetuity, July 8, 1892, to the N. Y. C. & H.
R. RR. Co., which owns the entire capital stock
and guarantees principal and interest of its $300,-
000 5 p. c. gold bonds. Since Aug. 1, 1893, the
operations of this road have been included In those of
the lessee. Financial Statement, June 30, 1897.—
Capital stock (par, $100), $350,000; funded debt, 1st
mtge. 5 p. c. $1,000 coup, bonds, dated 1892, due June
1, 1942, Interest June and Dec., $300,000— total stock
and bonds, representing cost, etc., $650,000. Interest
payable at Grand Central Station, New York, N. Y.
Trustee of bonds: Union Trust Co., New York, N. Y.
Chauncey M. Depew, Pres.; H. Walter Webb, Vice-
Pres.; E. V. W. Rossiter, Treas.; Ira A. Place, Sec.,

New York, N. Y. Corporate Office, Grand Central
Station, New York, N. Y.

Mohawk and Malone RR.— Herkimer to
Malone, N. Y., 173.10 m.; branches: Prospect Junc-
tion to Hlnckley, N. Y., 2.80 m. ; Lake Clear Junction
to Saranac Lake, N. Y., 5.60 m.— total lines, 181.50
m.; total track (steel), 210.45 miles. Rail, 60 and
75 Ibs. Consolidation, June 22, 1892, of the Herki-
mer, Newport and Poland Extension and the St.
Lawrence and Adirondack RR. Cos. Completed
throughout in Nov., 1892. From May 1, 1893, this
road is leased by the N. Y. C. & H. R. RR. Co.,
lessee guaranteeing principal and interest of its
1st mtge. 4 p. c. bonds. Since July 1, 1893, opera-
tions, etc., have been included In accounts of lessee.
Financial Statement, June 30, 1897.— Capital stock
(par, $100), $4,500,000; funded debt, 1st mtge. 4 p. c.
100-yr. $1,000 coup, and reg. gold bonds, due Sept.
1, 1991, interest March and Sept., $2,500,000; income
non-cumulative 5 p. c. bonds, dated May 24, 1894,
due Sept. 1, 19S2, $3,900,000— total, representing cost
of road, etc., $10,900,000. The income bonds may be
retired at the will of the company or of the N. Y. C.
&-H. R. RR. Co., and 2d mtge. 4 p. c. bonds, due
Sept. 1, 1991 (principal and Interest guaranteed by
the N. Y. C. & H. R. RR. Co.), Issued in place of
them. Interest on incomes is payable, if earned, at
the office of the New York Central. 60 days after
the close of the fiscal year of the company; 1 p. c.
was paid on these bonds during the past fiscal year.
The N. Y. C. & H. R. RR. Co. owns the entire capital
stock. Trustees of bonds: 1st mtge., Knickerbocker
Trust Co.; income bonds, Union Trust Co., New York,
N. Y. Chauncey M. Depew, Pres.; H. Walter Webb,
Vice-Pres.; E. V. W. Rossiter, Treas. & Sec., New
York, N. Y. Corporate Office. Albany, N. Y.

New Jersey Junction RR. Co.— Organized
in New York, Feb. 27, 1886, to provide connections
and facilities for Interchange of traffic between the
several railway systems terminating at Jersey City,
Hoboken, and Weehawken, and has completed a line
starting from the West Shore RR. on the north, and

570

POOR'S MANUAL OF BAILEOADS— RAILROAD "SYSTEMS."

extending southerly to the D., L. & W., the Erie, and
the Penn. IlRs. ; being 4.51 m. of double track road,
with 3.08 m. of 3d track, 1.33 m. of 4th track, 2.08
m of sidings, and a branch 0.34 m. long. A portion
of its track is also used by the Erie RR. Co. under
contract. Leased for 10<> years from July 1, 1886, to
the"N. Y. C. & H. R. UR. Co., the lessee guarantee-
ing the bonds, principal and interest. Financial
Statement, June 30, 1897.— Capital stock ($100
shares), $100,000; funded debt, 1st mtge. 4 p. c.
100-yr. $1,000 coup, bonds, due Feb. 1, 1986, Int. F.
& A'., at Grand Central Station, New York, $1,700,-
000; bonds and mtges., $1,900; current liabilities,
$5,039— total, $1,806,939. Contra: Cost of road, $1,-
724,339; advances, $63,866; cash assets, $18,734—
total, $1,806,939. The capital stock is owned by the
N. Y. C. & H. R. RR. Co. Authorized amount of 1st
mtge. bonds, $4,000,000; the balance to be issued
only with the consent of the lessee. Trustees: J.
Plerpont Morgan and Harris C. Fahnestock.
Cnauncey M. Depew, Pres.; E. V. W. Rossiter, Sec.
& Treas., New York, N. Y. New York Office, Grand
Central Station.

New York and Harlem RR. — New York to
Chatham. N. Y., 126.96 m.; branches, 8.94 m.; total
track (steel), 235.08 miles. Rail, 60 to 100 Ibs.
Chartered April 25. 1831, and corporate existence
extended Dee. 28, 1874, for 500 years from April 16,
1889. Road opened May 10, 1852. Between Chatham
and Albany, 24 ru., the Boston and Albany RR. is
used. Leased April 1, 1873, to the N. Y. C. & H.
R. RR. Co., for 401 years, at 8 p. c. on stock (Jan.
and July) and interest on bonds. This company also
owns the Fourth Avenue (street) Ry. in the city of
New York (see General Index), aggregating 9.66 m.
of double track, which is leased for 999 years from
July 1, 1896, to the Metropolitan Street Ry. Co., at
a rental of $350,000 yearly for the first five years,
and $400,000 per annum thereafter. Financial State-
ment, June 30, 1897.— Capital stock (par, $50), $10,-
000,000; funded debt, consol. mtge. 7 p. c. 28-yr.
bonds, due May 1, 1900, interest May and Nov.,
$12,000,000; current liabilities, $29,335; profit and
loss, $2,962,487— total, $24.991.822. Contra: Cost of
road. etc.. $23.625.339; other investments, $4.800;
fuel and supplies, $56,696; cash and current assets
$1,304,987— total. $24,991,822. Interest payable at
the Grand Central Station, New York, N. Y Trus-
tee of bonds: Union Trust Co., N. Y. At the annual
meeting. May 18, 1897, the issue of $'2,000,1100 3J
p. c. 100-yr. gold bonds to mature May 1. 2000, was
authorized to retire the consol. mtge. bonds falling
due May 1, 1900. Cornelius Vanderbilt. Pres.; C C
Clarke, Vice-Pres.; E. V. W. Rossiter, Treas. &
Sec^ New York, N. Y. Corporate Office, New York,

NEW YORK AND MAHOPAC RR.-Golden's
Bridge to Lake Mahopae, 7.09 miles. The line is in-
cluded in the mileage (branches) of the New York and
5lariomnRR- Organized March 7, 1871; opened June
17, 1872 Leased to N. Y. & H. RR. Co., and trans-
ferred with that company's line to the N Y C & H
RV.,RR', Co- Rental- 7 P- c- on stpek, $265,000,' all of
which is owned by the N. Y. & H. RR. Co. Lease
expires Dec. 31, 1971.

New York and Putnam RR 155th St and

8th Ave., New York, to Putnam June N Y 54 06
m.; Yonkers Branch, Van Cortlandt June, to Yon-
kers, N. Y., 3.10 m.-total. 57.16 miles. Operated-
Mahopae Falls RR., Baldwin Place to Mahopae

Mines, N. Y., 4.05 miles. Total owned and operated,
61.21 m.; 2d track, 8.30 m.— total track (steel, 60 and
76 Ibs.), 84.81 miles. Gauge, 4 ft. 8i in. Reorgan-
ization, Jan. 12, 1894, of the New York and Northern
Ry. Co., whose property was sold under foreclosure
of the 2d mtge. on Dec. 28, 1893. (See Manual for
1893.) On Jan. 30, 1894, leased to the N. Y. C. & II.
R. RR. Co., for the term of its corporate existence,
at a rental of interest on 1st consol. gold bonds. The
stock of the company is delivered to the lessee in
consideration of its guarantee of bonds. Operations,
etc., included in lessee's report. Financial State-
ment, June 30, 1897.— Capital stock (par, $100), $6,-
500,000; funded debt ($1,200,000 1st mtge. N. Y. &
N. Ry. Co. 5 p. c. 40-yr. $1,000 bonds, due Oct. 1,
1927; and [$6,200,000 auth.] $4,025,000 1st consol.
mtge. N. Y. & P. RR. Co. 4 p. c. $1,000 gold
bonds, issued June 15, 1894, due Oct. 1, 1993, in-
terest on both issues, April and Oct., at Grand
Central Depot, New York, N. Y.), $5,225,000— total
stock and bonds, $11,725,000. Contra: Cost of prop-
erty, $11,700,000; stock owned, $25,000— total, $11,-
725,(H)0. Of the authorized amount of consols.,
$4,000,000 represent the cost of acquiring control,
$975,000 are reserved for improvements, and $1,200,-
000 are set aside for the acquirement or redemption
of the N. Y. & N. 1st mtge. 5s, or for their retire-
ment at maturity. Principal and interest guaranteed
by lessee. Trustees of bonds: 1st mtge.. Central
Trust Co., New York, N. Y.; consols.. Union Trust
Co., New York, N. Y. Chauncey M. Depew, Pres.;
C. C. Clarke, Vice-Pres.; E. V. W. Rossiter, Sec. &
Treas., New York, N. Y. General Office, Grand Cen-
tral Station, New York, N. Y.

MAHOPAC FALLS RR.— Baldwin Place to Ma-
hopae Mines, 4.05 m.— total track (steel, 4.05 m.),
4.20 milps. Rail, 56 Ibs. Chartered March 8, 1884;
opened Nov. 1, 1884. On March 16, 1894, the stock of
the company was transferred to the N. Y. & P. RR.
Co. Operated as a branch of the N. Y. & P. RR.
Financial Statement, June 30, 1897.— Capital stock,
$100,000; income balance. $113— total, representing
cost of road, etc., $100,113. John Carste«sen, Pres.;
George S. Prince, Treas. & Sec., New York, N. Y.
Corporate Office, Grand Central Station, New York,
N. Y.

Rome, Watertown and Ogrdensburg;

RR.— Main Line: Massena Springs to Richland, N.
Y., 119.14- m. ; Richland to Rome, N. Y., 41.12 m.;
Oswego June, to Niagara June., N. Y., 144.21 m.—
total, 304.47 m.; branches — Rochester to Windsor
Beach, N. Y., 7.27 m. ; Woodard June, to Fulton, N.
Y., 17.11 m.; Watertown June, to Cape Vincent, N.
Y., 24.41 m.; De Kalb June, to Ogdensburg, N. Y., 19.4
m.; Syracuse to Pulaski, N. Y., 37.4 m.— total lines
owned, 409.70 miles. Leased lines: Utica and Black
River RR., 150.38 m.; Oswego and Rome RR., 26.89
m.; Niagara Falls Branch RR., 8.57 m.; Carthage,
Watertown and Sackets Harbor RR., 28.81 m.— total
leased lines. 214.65 miles. Total owned and leased,
624.35 m.; 2d track, 5.05 m. ; sidings, 180.45 miles.
Gauge, 4 ft. 8i in. Rail (steel), 56, 60, and 70 Ibs.
(For history, see Manual for 1891, page 482.) Leased
March 14, 1891, for the term of its corporate exist-
ence, to the N. Y. C. & H. R. RR. Co., at an annual
cash rental of $15,000 (to be reduced after April 1,
1901, to $7,000), besides interest on bonds, and 5 p. c.
dividends on stock, the lessee also assuming rental
charges on account of the company's leased lines.

Funded debt consisted, June 30, 1897, of the following issues:

Classes of Bonds.

Property Mortgaged.

Issued.

1

Mature.

Interest

Out-
stand-
ing.

let Mtge. (W. & R.)

Rome to Cape Vincent
f 1st Mtge. Osw. to Lewis-]
ton, Wntertown to Nor- ]
wood. DeKalb June, to !
Ogdensburg; total [
2d Mtge. on rest of
( road . J

97.00
241.00
37.40

'iriii

12.91
7.27

June 12, 1855
July 1, 1874

July 1, 1871
Jan. 31, 1385
Feb. 15, 1885
Mar. 6, 1886
Mar. 13, 1888

P.«.

5

6
6
5
5

*Sept. 1, 1910
July 1, 1922

July 1. 1901
July 1, 1915
Feb. 1,1915
April 1,1916
May 1, 1918

M. & S.
A. & O.

J. & J.
F. & A.
F. & A.
A. & O.

M. & N.

S

417,800
9,076,000

500,000
100,000
175,000
130,000
375,000

Cons. Mtge. (R.,\V. & O.).

1st Mtge. (Syr. No.),.,
JftMtge. (0. RR. Bridge)'
1st Mtge. (S.,1'.&O.RR.).
mMtfre. (N.&M. KR.)..
let Mtg.(R.W.&0. Term)

Syracuse to Pnlaski

Osweiro Railroad Bridge
Woodard June, to Fulton.
Norwood to Massena Springs
Roch. to Windsor Be'ch,N.Y.

* These bonds originally bore 7 p. c., and fell due Sept. 1, 1880, but were extended for 30 years at 6 p. c.

POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 571

The Watertown and Rome Ists are $100, $500, and $1,000 bonds; the bonds of all other issues are for $1,000
each. Interest on bonds payable at Grand Central Station, New York, N. Y. Trustees of bonds: Consol. 5s,
Farmers' Loan and Trust Co. ; Syrancuse, Phoenix and Oswego RR. Ists, Mercantile Trust Co. ; Oswego and
Rome 2ds and Utica and Black River Ists, Central Trust Co. ; others, various. The directors of this company
are ex-oflicio directors of the Utica and Black River and the Oswego and Rome RR. Cos.

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $18,132,059 29

Stocks and Bonds Owned 2,494,076 92

R., W. & O. Stock 43 00

Bonds and Mtges. on Real Estate 14,000 00

N. Y. Cent. & Hudson Riv. RR. Co. . . 276,026 43
Cash on Hand 450 34

Total Assets $20,966,655 98

Capital Stock (par, $100) -. . .$10,000,000 00

Funded Debt (see details below) 10,773.800 00

Bonds and Mtges. on Real Estate 51,750 00

Open Accounts 842 68

Profit and Loss 140,263 30

Total Liabilities $20,966,655 98

The company holds in its treasury a majority ($1,120,000) of the stock of the Utica and Black River
RR. Co.

Railroads Leased by the R. W. & O. RR. Co.

CARTHAGE, WATERTOWN AND SACKETS
HARBOR RR.— Carthage to Sackets Harbor, N. Y.,
28.81 m.; sidings, etc., 5.64 miles. Chartered Feb.
1, 1869; opened in 1872. Leased in perpetuity, Feb.
1, 1872. to the Utica and Black River RR. Co., at
a rental equal to 37i p. c. of gross earnings. Lease
transferred April 14, 1886, to the R.,W. & O. RR. Co.,
and assumed by the N. Y. C. & H. R. RR'. Co. on March
14, 1891. Rental, year ending June 30, 1897, $37,-
421. Capital stock ($100 shares), $487,345; funded
debt, consol. nitge. 5 p. c. 40-yr. gold bonds, due
July 1, 1931, interest Jan. and July, $300,000; cur-
rent liabilities, $7,724; profit and loss, $44,697— total,
$839,766. Contra: Cost of road, etc., $767,757; cash
assets, $72,009— total, $839,766. Chauncey M. Depew,
Pres.; H. Walter Webb, Vice-Pres.; E. V. W.
Rossiter, Treas.; Ira A. Place, Sec., New York,
N. Y. Corporate Office, Watertown, N. Y.

NIAGARA FALLS BRANCH RR.— Suspension
Bridge to Lewiston June., N. Y., 8.57 miles. Sidings,
6.87 miles. Chartered Dec. 24, 1875. Leased to the
R., W. & O. RR. Co., Nov. 1, 1881, at an annual
rental of 7 p. c. on $250,000 ccpital stock, all of
which is owned by the N. Y. C. & H. R. RR. Co.
Lease assumed by the N. Y, C. & H. R. RR. Co., on
March 14, 1891. Cost of road, $243,756; current
assets, $6,244— total, $250,000. Chauncey M. Depew,
Pres.; E. V. W. Rossiter, Sec. & Treas., New York,
N. Y. General Office, Grand Central Station, New
York, N. Y.

OSWEGO AND ROME RR.— Oswego to Rich-
land, N. Y., 26.89 miles. Chartered April 11. 1863;
opened Jan. 1, 1866. Leased to the R., W. & O. RR.
Co., at a rental equal to bond Interest, and lease
assumed on March 14, 1891, by the N. Y. C. & H. R.
RR. Co. Capital stock, $225,000; funded debt, 1st
mtge. 7 p. c. bonds, dated May 22, 1865, due May 1,
1915, interest May and Nov., $350,000; 2d mtge. 5
p. c. bonds, dated April 1, 1891, due May 1, 1915,
interest Feb. and Aug., $400,000— total, $975,000.

Contra: Cost of road, $964,900; capital stock in
treasury, $10,100— total, $975,000. Interest payable
at Grand Central Station, New York. Trustee: 2d
mtge. bonds, Central Trust Co., New York, N. Y.
Charles Parsons, Jr., Pres.; Edwin Parsons, Sec. &
Treas., New York, N. Y. Corporate Office, 15 Broad
Street. New York, N. Y.

UTICA AND BLACK RIVER RR.— Utica to
Ogdensburg, N. Y., 134.51 m.; branch, Theresa June,
to Clayton, N. Y., 15.87 m.— total, 150.38 miles.
Consolidation, March 18, 1886, of the Utica and Black
River, Ogdensburg and Morristown, and Clayton and
Theresa RR. Cos. (See Manual for 1891.) Leased in
perpetuity, April 14, 1886, to the R., W. & O. RR.
Co., at an annual rental equal to 7 p. c. on stock and
interest on bonds. Lease transferred to the N. Y.
C. & H. R. RR. Co. on March 14, 1891. Financial
Statement. June 30, 1897.— Capital stock ($100
shares), $2,223,000; funded debt ($1,800,000 [auth.,
$2,000,000], 1st mtge. 4 p. c. gold bonds, dated May
1, 1890, due July 1, 1922, interest Jan. and July;
$200,000 Clayton and Theresa 1st mtge. 7 p. c.
25-yr. bonds, due July 1. 1898. interest Jan. and July).
$2,000,000; open accounts, $698; profit and loss, $195,-
918— total, $4,419,616. Contra: Cost of road, etc.,
$4,368,222; 1st mtge. 4 p. c. gold bonds in treasury,
$50,000; cash, $1,394— total, $4,419,616. Interest
payable by N. Y. C. & H. R. RR. Co at the Grand
Central Station, New York. A majority ($1,120,000)
of the stock is held in the treasury of the R., W. &
O. RR. Co., having been exchanged for securities of
that company, and the directors of the R., W. & O.
RR. Co. have become ex-offlclo the directors of this
company. The agreement, therefore, between this
company and the R., W. & O. RR. Co. amounts
practically to a consolidation. Trustees of bonds:
Central Trust Co. and private individuals. John F.
Maynard, Pres., Utica, N. Y.; Charles Parsons, Jr.,
Vice-Pres.; Edwin Parsons, Sec. & Treas., New York,
N. Y. Corporate Office, Utica, N. Y.

Directors R., W. & 0. RR. Co., elected Dec. 28, 1897.

Charles Parsons. ...New York, N. Y.

Clarence S. Day "

Chas. Parsons, Jr. . "
William Lummia . . "

George Parsons New York, N. Y.

Edwin Parsons....

J. F. Maynard

John M. Croose

Utica, N. Y.

Walton Ferguson. .Stamford, Conn.
Chauncey Af Depew.New York.N.Y.
H. Walter Webb.... "
Isaac H. Maynard Utica, N. Y.

Wm. Pierpont White Utica, N. Y.

CHARLES PARSONS, President 15 Broad St., New York, N. Y.

Clarence S. Day, 1st Vice-President " "

Vice-President— Charles Parsons, Jr New York, N. Y. | Secretary— J. A. Lawyer New York, N. Y.

Treas. & Asst. Sec.— Edwin Parsons, Sd New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS 15 Broad Street, New York, N. Y.

Spnyten Dnyvil and Port Morris RR.—

Spuyten Duyvil to Harlem June.. 6.04 m. ; total track
(steel), 12.65 miles. Rail, 80 Ibs. Chartered April
24, 1867; opened April 7, 1872. Leased Nov. 1, 1871,
to N. Y. C. & H. R. RR. Co., at 8 p. c. on capital
stock. Lease expires Dec. 31, 1970. Capital stock
($100 par), representing cost of road, $989,000.
Cornelius Var-derbilt, Pres.; C. C. Clarke, Vice-Pres.;
E. D. Worcester, Sec.; E. V. W. Rossiter, Treas.,
New York, N. Y. Corporate Office, Grand Central
Station, New York, N. Y.

Tivoll Hollow RR.— West Albany to lumber
yards, Albany, N. Y., 1.23 m.; total track (steel),
1.48 miles. Gauge, 4 ft. 8J in. Chartered May 15,
1893. Operated under contract by the N. Y. C. &
H. R. RR. Co. Capital stock (shares, $100), $32,500,
representing cost of road. Chauncey M. Depew, Pres.;

H. Walter Webb, Vice-Pres.; E. V. W. Rossiter,
Treas.; Ira A. Place, Sec., New York, N. Y. Cor-
porate Office, Albany, N. Y.

Troy and Greenbush RR.— Troy to Green-
bush, 6 m.; total track, 12.43 miles. Chartered in
Jan., 1845; opened in June, 1846. Leased June 1,
1851, for $19.250 per annum. Dividends, 7 p. c.,
$19,208, payable at Troy, N. Y. Financial Statement,
June 30, 1897.— Capital stock (shares, $50), $274,400;
profit and loss, $4,919— total, $279,319. Contra: Cost
of road, etc. ($45,733 p. m.). $274,400; stock owned,
$4,400; cash, $519— total, $279,319. Wm. A. Thomp-
son, Pres., Troy, N. Y.; Wm. H. Doughty, Vice-Pres.;
John B. Gale, Treas. & Sec., Williamstown, Mass.
Corporate Office, Troy. N. Y.

West Shore RR.— Weehawken, N. J., to
Buffalo, N. Y., 425 m.; and branches— Rockland Lake

572

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

to Congers, 1.15 m. ; Athens, N. Y., to Coxsackie,
NY 6 16 m. ; Ravena, N. Y., to Kenwood Junction,
N. Y., 11.04 m.; Fuller's to Athen's June., N. Y.,
607 m.; Syracuse to Earlville, N. Y., 45.49 m.;
Buffalo to Buffalo Creek. 1.29 m.— total lines, 495.20
m ; 2d track, 341.29 m.; sidings, 235.72 miles. Total
track (steel, 1,066.05 m.), 1,072.21 miles. Gauge, 4 ft.
8j in. Rail— iron, 50 and 56 IDS.; steel, 67 Ibs. Char-
tered Dec. 5, 1885, as successor to the New York,
West Shore and Buffalo Ry. Co. Leased for 475 years
from Jan. 1. 1886, to the N. Y. C. & H. R. RR. Co.,
on guarantee of bonds, the capital stock being de-
livered to the lessee as a consideration for the
lease and guarantee. On the same date (Jan. 1, 1886)
the Middletown Branch was transferred to the New
York, Ontario and Western, and that company has
trackage rights till May 12, 2079, over the road from
Cornwall to Weehawken for through Ontario and
Western business exclusively, at a rental based on
car mileage. (See Manual for 1886, page 489.) The
Saratoga and Hudson River Ry., known as the Athens
Branch! of the New York Central and Hudson River
RR.. was leased in 1882 for 475 years, the rental
being commuted for the entire period at $400,000.
The Syracuse, Ontario and New York Ry., Syracuse
to Earlvllle, was absorbed by consolidation on July
2, 1891. At the time of the acquisition of that line
there was a mortgage upon it securing bonds to the
amount of $1,100,000. Financial Statement, June
30, 1897.— Capital stock (shares, $100), $10,000,000;
bonded debt, $50,000,000— total stock and bonds,
representing cost, etc., $60,000,000. Funded debt
consists of 1st mtge. 4 p. c. 475-yr. $1,000 coup, bonds
(exchangeable for registered certificates of $500,
$1,000, $10,000, or $50,000, at the option of the

holder), dated Dec. 5, 1885, bearing Interest from
Jan. 1, 1886, interest Jan. and July, at the office of
the lessee. The bonds are guaranteed, principal and
interest, by the New York Central and Hudson River
RR. Co., the guarantee being endorsed on each bond.
They are secured by mortgage on all the main and
branch lines and on the rolling stock previously
covered by car trusts; also on the terminal property
In Weehawken, through ownership of all the stock and
bonds of the West Shore and Ontario Terminal Co.
Interest payable at N. Y. C. & H. R. RR. Co.'s
office, New York, N. Y. Trustee: Union Trust Co.,
New York. (See Manual for 1891.) Chauncey M.
Deoew, Pres., N£W York, N. Y. ; Ashbel Green,
Vice-Pres. & Gen. Counsel, Tenafly, N. J.; J. D.
Layng, 2d Vice-Pres. & Gen. Mgr. ; E. V. W. Rossi-
ter, Sec. & Treas., New York, N. Y. General Office
Grand Central Station, New York, N. Y.

West Shore and Ontario Terminal Co.
of New York; and New Jersey.— Consolida-
tion, June 19, 1883, under name of Open Cut and
General Storehouse Co., of a company of the same
name with the National Stock Yards and the Midland
Terminal and Ferry Cos. The present title was
adopted June 19, 1883. The property Is leased to the
West Shore RR. Co.. for 99 years from July 13, 1885.
(See Manual for 1892.) Capital stock (par, $100),
$4,723,100; funded deBt, $10,000,000 1st mtge. 5 p. c.
gold 40-yr. bonds, due Aug. 1, 1923, Interest Feb. and
Aug., principal and interest guaranteed by the West
Shore RR. Co. Interest payable at Grand Central
Station, New York, N. Y. Trustees: C. M. Depew
and J. P. Morgan. C. M. Depew, Pres,; E. V. W.
Rossiter, Sec. & Treas. General Office, Grand Cen-
tral Station, New York, N. Y.

Board of Directors, N. T. C. & H. R. RR. Co., elected April 20, 1898.
CHAUNCEY M. DEPEW, Chairman of the Board New York, N. Y.

Channcey M.Depew.New York, N.Y.
Charles C. Clarke.. " "

Horace J. H&yden.. " "

Wm. K. Vanderbilt. " "

Fred.W. VanderbiltNew Tork, N.Y.
Samuel F. Barger . . "
J. Pierpont Morgan. "
Samuel D. Babcock. " "

William Bliss Boston, Mas?.

H. McK. Twombly.New York.N.Y.

S. R. Callaway "

Geo. 8. Bowdoin... " "

S. R. CALI.AWAY, President New York, N. Y.

1st Vice-President— Chas. C. Clarke. . .New York, N. Y.

2d Vice-President— H..J. Hayden " "

Afst. to President— John M. Toucey. . "
Secretary— Edwin D. Worcester " "

Treasurer— Edward V. W. Reseller. . .New York, N. Y.

Comptroller— John Carsteneen

General Supt. — Edgar Van Etten "

Chief Engineer— Walter Katte "

GENERAL, OFFICE Albany, N. Y.

Operating Office Grand Central Station, New York, N. Y.

London Fiscal Agents J. S. Morgan & Co., 22 Old Broad St., London, E. C., Eng.

NEW TORK CENTRAL SYSTEM.— Railroads Leased, Operations Reported

Separately.

BEECH CREEK RR. CO.

Main Line of Road.— Jersey Shore to Mahaffey June., Pa 113.02 m.

Fifteen branches to mines , 34.98 m.— 148.00 miles.

Proprietary Road : Cambria County RR 9.49

f Cambria and Clearfield RR.: Mahaffey June, to Patton,
Pa., and mine branches at Patton 29.49 m.
Pine Creek Ry.: Jersey Shore to Newberry Juno., Pa.. 12.30 m.
Phila. & Reading Ry.: Newberry Jc. to Williamsp., Pa. 3.50 m. — 45.29

Total length of lines operated, June 30, 1897 202.78 miles.

2d track, 3.61 m.; sidings (owned), 59.09 miles. Gauge, 4 ft. 8£ in. Rail (steel, 218.10 m.),
67 Ibs.

History.— Organized June 29, 1886, as successor to the Beech Creek, Clearfield and
Southwestern RR. Co., sold under foreclosure June 4, 1886. Leased for 999 years from Oct.
1, 1890, to the New York Central and Hudson River RR. Co., the lessee guaranteeing as
rental 4 p. c. interest on bonds, and dividends of 4 p. c. per annum on the capital stock. (See
MANUAL for 1893.) Operations reported separately.

Rolling Stock, June 30, 1897.— Locomotives (5 leased), 50. Cars— passenger, 6 ; com-
bination, 3 ; baggage, mail, etc., 2 ; freight (box, 27 ; flat, 50 ; coal, 3,588 ; cote, 165), 3.830 ;
caboose, 27 ; other, 24— total, 3,892.

POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 573

Operations, year ending June 30, 1897. — See tabulated statement below.

Ear n ings— Passenger : $74,793 60

Freight 1,322,475 96

Mail 11,79575

Express 3,801 84

Miscellaneous 4,111 55

Total ($7,229.48 per mUe) $1,416,978 70

Expenses — Conducting Transportation $303,699 26

Maintenance Way & Buildings. 149,213 89

Maintenance Equipment 175,952 47

General and Taxes 31,918 41

Construction and Equipment. . 822,96

Total ($3,375.55 per mile) $661,606 99

Net earnings (55.31 p. c.), $755,371.71. Payments : Interest on bonds, $225,000 ; on debt,
$29,103.22 ; on car trust notes, $28,733.33 ; installments on car and equipment trusts, $89-
833.33; State taxes, $30,041.14; dividends (4 p. e.), $220,000; organization expenses,
$1,057.33— total, $623,768.35. Surplus, $131,603.36; surplus forward, $322,613.13— total,
$454,216.49.

Financial Statement, June 30, 1897.— Capital stock (par, $50), $5,500,000 ; funded debt,
$5,500.000; accrued interest on bonds, $112,500; rental of equipment accrued, $53,899.16;
dividend payable, July 1, 1897, $55,000 ; current liabilities, $474,849.92 ; profit and loss, $454,-
216.49— total, $12,150,465.57. Contra : Cost of road and equipment, $10,731,430.90 ; advances
for construction and equipment, $863,365.66 ; stock and bonds, $17,183.61 ; fuel and supplies,
$65,876.61 ; current accounts, $450,388.26 ; cash, $22,220— total, $12,150,465.57.

Stock of Other Companies : Clearfield Bituminous Coal Corporation, 16,500 shares, $825,-
000 ; Pennsylvania and Western RR. Co., 2,000 shares, $100,000; Chest Creek RR. Co., 200
shares, $20.000— total par value, $945,000 ; ledger valuation, $17,183.61.

Statement of operations, etc., for eight fiscal years ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles RR. Operated(Aver.).
Passenger Trnin Miles

146.94
159,201
473,565
891,936
163,346
2,478,539
12,077,399
167.216.969
$
60,885
864,800
6,338
8,675

148.42
166,432
439,021
868,563
154,023
2,522,071
2,422,687
200,604,709
$
72,024
1,004,023
6,459
18,731

153.42

178,834
479,694
948.185
183,992
3,019,235
2,895,154
252,820,242

76,083
1,129,432
7,900
f 17,419

185.28
178,299
507,063
977,905
175,188
2,814,970
3,101,322
261.248,186
$
73,432
1,250,586
11,140
12,042

185.92
193,494
459,830
661,310
166,535
2,936,957
2,541,252
242,788,409

s

76,568
1,028,910
13,105
6,951

185.92
197,619
536,445
977,106
158,787
2,730,882
3,162,295
306.712,054

70,534
1,185,287
12,889
5,015

192.33
209,000
571,092
1,020,643
167,282
3,133,964
3,399,8<I4
338,827,645

74,042
1,284,793
12,856
4.248

196.00
209,156
620,533
1,076,306
167,506
3,083,604
3,729.744
377,194,191
$
74,884
1,322,476
15,598
4,111

Freight Train Miles

Total Train Mileage

Passengers Carried

Passengers Carried 1 Mile. .
Tons Freight Moved

Tons Freight Moved 1 Mile
Earnings —
Passenger

Freight

Mail and Express
Miscellaneous

Total

940,699
608,846

1,101,237
549,975

1,230,834
702,667

1,347.201
617,231

1,125,534
795,726

1,273,725
694,791

1,375,939
657,588

1,416,779
661,607

Oper. Expenses and Taxes.
Net Earnings ... ....

331,853
200,000

551,262

200,000
27,095
150,000
74,500
19,210
+ 80,456

7,419 73
3,705 52
3,714 21
49.94 p. c.
2.85 c.
0.50 c.

528,177

200,000
23,371
200,000
74,500
17,863
+ t 12,943

8,02264
4,579 96
3,44268
57.09 p. c.
2.52 C.
0.45 C.

729,970

210,833
24,101
217,500
74,500
21,850
+ 181,186

7,271 16
3,331 34
3,939 82
54.18 p. c.
2.94c.
1.98 C.

329,807

212,882
15,921
220,000
74,500
29,670
-J223,165

6,05386
4,27996
1,77390
70.70 p. C.
2.61 c.
0.42 c.

578,934

225,000
12,196
220,000
62,000
28.803
+ 30,935

6,85093
3,73704
3,113 89
54.55 p. c.
2.58 c.
0.38 c.

718,351

225,000
24,452
220,000
84,500
83,521
+ 130,878

7.15406
3,419 06
3,73499
47.79 p. c.
2.86 c.
0.38 c.

755,372

225,000
57,837
220,000
89,833
31,099
+ 131,603

7,22948
3,375 55
3,85393
46.69 p. c.
2.42c.
0.35 c.

Payments-^
Interest on Bonds

Dividends

65,000

Installm's on Car Trusts
Miscellaneous

69,666

Gross Earnings per Mile . . .
Oper. Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .

6,40192
4,143 50
2,25842
64. 72 p. c.
2.46 C.
0.52 c.

* Including $4,520 " Receipts from Other Sources." f To which add amount Kerrmoor Extension

transfer, $4,688.28, and deduct interest on floating debt, $2,088.89, leaving surplus for the year, $15,542.49.
J From which deduct premium on sale of new 2d mtge. bonds, $25,000, leaving deficit for year, $198,164.80.

Funded debt consists of $5,000,000 1st mtge. 4 p. c. $1,000 gold coupon bonds (and registered bonds of
$1,000 and $10,000 each, issued in exchange for coupon bonds), dated July 1, 1886, due July 1, 1936, interest
Jan. and July; and $500,000 ($1,000,000 authorized) 2d mtge. 5 p. c. 44-yr. $1,000 gold coupon or registered
bonds, due July 1, 1936, interest Jan. and July. The bonds are guaranteed, principal and interest, by the New
York Central and Hudson River RR. Co. Interest is payable at the office of the trustee, Knickerbocker Trust
Co., New York, N. Y.

RAILROAD OWNED AND OPERATED BY THE BEECH CREEK RR. Co.

Cambria County RR.— Wlgton Mines, near | Coal Co. The company Is controlled by the Beech
Patton, to Spnngler, Pa., 8 miles. Gauge, 4 ft. 81 Creek RR. Co. Capital stock, auth., $100,000. Cost
In. Rail (steel), 67 Ibs. Chartered Aug. 31. 1896: of road, $130,000. Marlin E. Olmsted, Pres.; H. C.
road completed 1.4 m. In Dec.. 1896. and throughout Houtz, Sec., Harrisburg, Pa.; E. V. W. Rossiter,
In March, 1897. The line affords an outlet over the Treas., Grand Central Station, New York, N. Y.
Beech Creek RR. for coal mined by the West Branch '

574 POOR'S MANUAL OF RAILROADS— EAILEOAD "SYSTEMS."

Board of Directors, Beech Creek RR. Co., elected May 6, 1898.

Cornel. VanderbiU.New York, N. Y.
Win. K. Vanderbilt

Channcey M. Depew.New York,N.Y.
Geo. F. Baer Reading, Pa.

William D. Kelly. .Philadelphia, Pa.
James Kerr Clearfleld, Pa.

M. E. Olmstead, ex-qfficfo Harrisburg, Pa.

M. E. OLMSTEAD, President and General Counsel Harrisburg, Pa.

Cornelius Vanderbilt, Vice- President New York, N. Y.

Secretary— Geo. S. Prince NeW(York, N. Y.

Treasurer— E*. V. W. Rossiter

Comptroller— 3 '. Carstensen New York, N. Y.

General Manager— J. D. Layng " "

GENERAL OFFICK Jersey Shore, Pa.

Operating Office Grand Central Station, New York, N. Y.

DUNKIRK, ALLEGHENY VALLEY AND PITTSBURG RR. CO.

Line of Road as Projected.— Dunkirk, N. Y., to Oil City, Pa 106.5 miles.

In Operation : Dunkirk, N. Y., to Titusville, Pa 90.6 "

Sidings, etc., 16.6 miles. Gauge, 4 ft. 8£ in. Rail (steel, 106.6 m.), 66, 60, and 70 Ibs.

History.— Consolidation (Dec. 31, 1872) of the Dunkirk, Warren and Pittsburgh and the
Warren and Venango RR. Cos. Road opened Aug. 20, 1871. Leased, Jan. 3, 1873, to the
N. Y. C. & H. R. RR. Co., for 501 years from Dec. 1, 1872. Rental, interest on not exceeding
$3,200,000 bonds, and 1^ p. c. annually on 13,000 shares of stock.

Rolling Stock, June 30, 1897. — Locomotives, 11. Cars — passenger, 15 ; baggage, mail
and express, 2; freight (box, 52; flat, 62), 114; service, 8 — total, 139. Of this equipment
10 locomotives, 6 passenger cars and 28 box cars are leased from the N. Y. C. & H. R. RR. Co.

Operations, year ending June 30, 1897. — Train mileage — passenger, 132,013 ; freight,
76,861 ; other, 43,771— total, 252,645 miles. Passengers carried, 181,466 ; carried one mile,
3,370,263 ; average mile rate, 2.41 cents. Tons revenue freight moved, 171,771 ; moved one
mile, 6,932,646 ; average ton-mile rate, 1.66 cents.

Expenses— Maintenance Way & Structures*.. $91,620 13

Earnings— Passenger . $81,346 16

Freight 115,098 98

Mail and Express 10,406 36

Miscellaneous 221 25

Total ($2,285.57 per mile) $207,072 75

Maintenance Equipment 15,604 97

Traffic 88,084 31

General and Taxes 15,29032

Total ($2,324.50 per mile) $210,599 73

Deficit from operation, $3,526.98. Paid State taxes, $1,812.93. Deficit for year, $5,-
339.91 ; surplus forward, $54,968.71 ; net surplus, $49,628.80. Interest on bonds and divi-
dends on stock are paid by the lessee.

Financial Statement, June 30, 1897.— Capital stock (par, $100), $1,300,000 ; funded
debt, $2,900,000 ; due other roads, etc., $307,761.49 ; current accounts, $19,616.38 ; profit
and loss, $49,628.80— total, $4,577,006.67. Contra: Cost of road and equipment, $4,541,-
486.67 ; materials, etc,, $9,024.39 ; accounts, $15,932.87 ; cash, $10,562.74— total, $4,577,-
006.67.

The funded debt consists of the following issues (all coup, bonds) : 1st mtge. (D. W. & P. RR.) 7 p. c.
30-yr. gold bonds, due June 1, 1900, interest June and Dec., $1,000,000; 1st mtge. (W. & V. RR.) 7 p. c.
30-yr. bonds, due 1900, interest June and Dec., $1,000,000; 2d mtge. (D. W. & P. RR.) 7 p. c. 28-yr. bonds,
due Oct. 1, 1900, interest April and Oct., $400,000; 2d mtge. (W. & V. RR.) 7 p. c. 28-yr. bonds, due 1900,
interest April and Oct., $300,000; 3d mtge. (D., W. ft P. RR.) 7 p. c. 28-yr. bonds, due Oct. 1, 1900, interest
April and Oct., $200,000— total ($32,008.83 p. m.), $2,900,000; annual charge (gold, $140,000), $203,000. Inter-
est on bonds payable at Grand Central Station, New York, N. Y. Trustee of bonds: Union Trust Co., New
York.

Directors. — Chauncey M. Depew, Cornelius Vanderbilt, Wm. K. Vanderbilt, F. W. Van-
derbilt, E. D. Worcester, Charles C. Clarke, Horace J. Hayden, Samuel F. Barger, H. Walter
Webb, New York, N. Y.; Dwight W. Pardee, Brooklyn, N, Y.; Darwin Thayer, Oscar W.
Johnson, Fredonia, N. Y.

CHAUNCEY M. DEPEW, President New York, N. Y.

H. Walter Webb, Vice-President " "

Stcretary-T>. W. Pardee New York, N. Y. I Comptroller— John Carstensen New York, N. Y.

Trea*vr«r-E. V. W. Rossiter » " | General 5wp<.-Edgar Van Etten Dunkirk, N. Y.

PRINCIPAL OFFICE AND ADDRESS Dunkirk, N. Y.

POOR'S MANUAL— NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 575

NEW YORE CENTRAL SYSTEM.— OPERATED LINES.

BUFFALO ERIE BASIN RE. CO.

Line of Road.— In Buffalo, N. Y., from N. Y. C. & H. R. RR. to Erie Basin Wharf, 0.25 m.
History.— Chartered July 8, 1876. The New York Central and Hudson River ER. Co.
maintains the road for the privilege of passing cars over the tracks to and from the docks, for
the receipt and delivery of freight.

Financial Statement. — Capital stock (shares, $200), representing cost of road, $13,503.19.
Directors,— James Tillinghast, Buffalo, N. Y. ; C. Vanderbilt, W. K. Vanderhilt. F. W.
Vanderbilt, E. V. W. Rossiter, H. J. Hayden, H. Walter Webb, C. F. Cox, J. B, Butcher,
E. D. Worcester, C. C. Clarke, C. M. Depew, J. M. Toucey, New York, N. Y.

CHAUNCEY M. DEPEW, President New York, N. Y.

Vice-Free.— C. C. Clarke New York, N. Y. | Sec. & Treat.— E. V. W. Rossiter New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Buffalo, N, Y.

NEW YORK CENTRAL NIAGARA RIVER RR. CO.

Line of Road.— N. Y. C. & H. RR. (Buffalo, N. Y.) to Niagara River, N. Y., 2.81 miles.
Sidings, 0.32 mile. Gauge, 4 ft. 8£ in.

History. — Chartered March 26, 1877. Organized to construct and extend and to operate
a railroad already constructed between the N. Y. C. & H. E. ER. and the Niagara River, and
around Tonawanda Island, in the Niagara River, with branch lines or track connecting with
the New York Central tracks, and also extending to docks and piers on the river before
named. The portion of the road constructed is operated by the N. Y. C. & H. R. RR. Co.

Financial Statement, June 30, 1897.— Capital stock ($150,000 auth.; $100 shares), $28,-
100, representing cost of road, etc.

Directors. — James Tillinghast, Buffalo, N. Y.; Cornelius Vanderbilt, Samuel F. Barger,
Chauncey M. Depew, Edwin D. Worcester, C. C. Clarke, W. K. Vanderbilt, F. W. Vander-
bilt, H. J. Hayden, H. W. Webb, E. V. W. Rossiter, J. M. Toucey, C. F. Cox, J. B. Dutcher,
New York, N. Y.

CHAUNCEY M. DEPEW, President New York, N. Y.

Vlce-Prest.— C. C. Clarke New York, N. Y. | Sec. & Treas.—E. V. W. Rossiter. . . .New York, N. Y.

PRINCIPAL OFFICE AND ADDRESS Buffalo, N. Y.

ST. LAWRENCE AND ADIRONDACK RY. CO.

rtf Pnnd • J Malone. N. Y., to Valleyfield, Que 80.00 m.

1 ' { Beauharnois to Adirondack Junction, Que 13.20 m.— 43.20 miles.

Leased : Grand Trunk Ry.: Valleyfield to Beauharnois, Que 13.20 "

Trackage : Canadian Pacific By.: Adirondack Junction to Montreal, Que 8.70 "

Total length of line operated, June 30, 1897 , 65.10 miles.

Sidings, etc. (owned), 9.3 miles. Gauge, 4 ft. 8J in. Rail (steel), 80 Ibs.

History. — Consolidation, Nov. 18, 1895, of the St. Lawrence and Adirondack and the
Malone and St. Lawrence Ry. Cos. The Southwestern Ry., from Beauharnois to Cauglma-
waga, Que., 13.2 m. was absorbed May 1, 1896. (See MANUAL for 1897, p. 553.) The road
is operated in connection with the Adirondack Division of the New York Central.

Rolling1 Stock (leased), June 30, 1897. — The company owns 3 caboose cars and leases 7
locomotives, 2 passenger cars and 7 road cars ; the necessary freight cars are used on a mile-
age basis.

Operations, year ending June 30, 1897. — Train mileage — passenger, 119,854 ; freight,
4,911 ; mixed, 60,261 ; other, 90,869— total, 275,895 miles. Passengers carried, 102,069 ;
carried one mile, 3,225,889. Tons freight moved, 147,938 ; moved one mile, 6,778,693.

576 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Earnings— passenger, $54,813.95; freight, $71,062.69; mail and express, $9,312.84— total,
$135,189.48. Operating expenses and taxes, $98,307.90. Net earnings, $36,881.58 ; other
receipts, $6,417.80— total, $43,299.38. Payments : Interest on bonds, $40,000; other, $1,-
299.38— total, $47,299.38. Surplus, $2,000.

Financial Statement, June 30, 1897.— Capital stock (par, $100), $1,090,000 ; funded debt
(1st mtge. 5 p. c. 100-yr. $1,000 gold coupon bonds due July 1, 1996, interest Jan. and July),
$800,000; all other liabilities, $444,765.71; profit and loss, $2,000— total, $2,336,765.71.
Contra : Cost of road, $1,896,363.21 ; all other assets, $440,402.50— total, $2,336,765.71.

The authorized capital stock is $1,300,000. The bonds are secured on the entire property
of the company. Trustee : Continental Trust Co., New York, N. Y. As to the bonds of the
constituent companies, see MANUAL for 1897, p. 553.

Directors (elected May 7, 1897).— W. Seward Webb, Shelburne, Vt.; ChaunceyM. Depew,
Edgar Van Etten, Henry L. Sprague, John Jacob Astor, D. B. Brown, Charles H. Burnett,
New York, N. Y. ; Martin E. McClary, Malone, N. Y. ; E. C. Smith, St. Albans, Vt.

WILLIAM SEWARD WEBB, President New York, N. Y.

Chauncey M. Depew, Vice-President " "

Sec. and Treas.— Frank G. Smith New York, N. Y. I Superintendent— W . W. Currier Malone, N. Y.

PRINCIPAL OFFICE AND ADDRESS Montreal, Que.

OPERATING OFFICE 51 East 44th Street, New York, N. Y.

NEW YORE CENTRAL SYSTEM.— CONTROLLED LINE.
WALLKILL VALLEY RR. CO.

Line of Road. — Montgomery to Kingston, N. Y 32.88 miles.

Sidings, etc., 5.21 miles. Gauge, 4 ft. 8* in. Rail (steel), 56 to 67 Ibs.

\ History.— Organized as Wallkill Valley Ry. Co. April 30, 1866 ; road opened in 1872.
Sold under foreclosure, and reorganized July 2, 1877, under existing title. The tracks of tbe
Erie RR. are used from Montgomery to Campbell Hall, 4.81 m., making the total length of
line operated, 37.69 miles. Controlled by the New York Central and Hudson River RR. Co.,
through ownership of the entire stock and bonds (see page 568).

Rolling Stock, June 30, 1897.— Locomotives (leased, 1), 4. Cars — passenger, 2 ; com-
posite, 1 ; baggage, etc., 2 ; freight (box), 12— total, 17.

Operations, year ending June 30, 1897. — Train mileage— passenger, 43,414 ; freight,
25,239 ; mixed, 61,314 ; other, 5,703— total, 135,670 miles. Passengers carried, 177,181 ;
carried one mile, 1,620,224 ; average mile rate, 2.89 cents. Tons freight moved, 266,903;
moved one mile, 4,254,627 ; average ton-mile rate, 2.7$ cents.

Earnings— Passenger $46,752 14

Freight 115,860 65

Mailand Express 4,545 96

Miscellaneous 923 37

Total ($5,111.99 per mile) $168,082 12

Expenses-Traffic $56,226 95

Maintenance of Equipment 7,094 80

Maint. Way and Building? 57,250 33

General and Taxes 14,797 97

Total ($4,117.09 per mile) $135,370 05

Net earnings (19.46 p. c.), $32,712.07. Payments : Interest on 1st mtge. bonds, $17,500 ;
taxes on earnings and on capital stock, $689.83— total, $18,189.83. Surplus, $14,522.24 ; sur-
plus forward, $50,898.82— total, $65,421.06. Deduct interest on 2d mtge. bonds, $23,100.
Balance of income account, June 30, 1897, $42,321.06.

Financial Statement, June 30, 1897.— Capital stock (par, $100), $330,000 ; funded debt,
1st mtge. 7 p. c. 40-yr. bonds, due Aug. 1, 1917, interest Jan. and July, $250,000 ; 2d mtge.
income 40-yr. bonds, same rate and date, $330,000 ; current liabilities, $29,913.81 ; profit
and loss, $42,321.06— total, $982,234.87. Contra : Cost of road, etc., $946,658.28 ; supplies,
$8,514.47 ; current assets, $11,773.07 ; cash, $15,289.05— total, $982,234.87. Interest payable
at tbe Grand Central Station, New York, N. Y. Trustees of bonds : 1st mtge., J. B. Van-
denburg, W. W. Green ; 2d mtge. income, E. V. W. Rossiter, W. J. Van Arsdale.

Directors (elected Dec., 1897).— Ashbel Green, Tenafly, N. J.; J. D. Layng, New York,

POOR'S MANUAL — NEW YORK, NEW HAVEN AND HAKTFORD RR. CO. 577

N. Y. ; E. V. W. Rossiter, Flushing, N. Y. ; Walter Katte, New York, N. Y. ; Lawrence Depew,
Detroit, Mich. ; John Carsteneen, New York, N. Y. ; George S. Prince, Yonkers, N. Y. ; Charles
W. Bradley, Herbert E. Kinney, Percy R. Todd, New York, N. Y.; Guy E. Hustis, Hastings,
N. Y.; Albert B. Taylor, Ha worth, N. J.; Middleton A. Caldwell, New York, N. Y.

ASHBKL GREEN, President 5 Vanderbilt Ave., New York, N. Y.

Sec. & Treas.—R. V. W. Rossiter. . . .New York, N. Y. I Comptroller— John Carstensen New York, N. Y.

PRINCIPAL OFFICB AND ADDRESS 5 Vanderbilt Ave., New York, N. Y.

NEW YORK, NEW HAVEN AND HARTFORD RAILROAD COMPANY.

Main Line of Road. — Woodlawn Junction, N. Y., to Providence, R. I 173.78 miles.

Branches : Stamford to New Canaan, Ct., 7.66 m. ; Union Depot, New Haven,

to N. H. & D. RR., 1.66m 9.32 "

Springfield Division : Cedar Hill, Ct., to Springfield, Mass 60.17 "

Branches : Berlin to Middletown, Ct., 9.7 m.; Berlin to New Britain, Ct., 3.18

m.; Windsor Locks to Suffield, Ct., 4.32 m 17.20 "

Valley Division : Hartford to Fenwick, Ct ' 46.20 "

Branches: Auburn to Buttonwoods, R. I., 9.9 m.; Auburn to Pontiac, R. I.,

4.69 m.; Auburn to Henderson St., Providence, R. I.; 3.58m.; Loop Line

at Stonington, Ct., 0.97m 19.14

Length of leased lines (see detailed statement on page 583) 1,116.07 "

Lines operated under trackage arrangements (see below). ...... 22.33 "

Total length of all lines operated, June 30, 1897 1,464.21 miles.

2d track (owned, 233.95 m.; leased, 291.82 m.; operated, 14.73 m.), 540.50 miles. 3d track
(owned, 54.86 m.; leased, 17.59 m.; operated, 12.03 m.), 84.48 miles. 4th track (owned,
54.86 m. ; leased, 15.66 m.; operated, 12.03 m.), 82.55 miles. Sidings (owned, 225.70 m.;
leased, 605.61 m.), 831.31 miles. Total track owned, leased, and operated, 3,003.05 miles.
Gauge, 4 ft. 8i in. Rail— iron, 50 to 60 Ibs., and steel (owned, 862.87 m. ; leased, 1,880.23 m.
—total, 2,743.10 m.), 60 to 100 Ibs.

Trackage. — The company uses the New York and Harlem RR. from Woodlawn to the Grand Central
Station in New York, 12.03 m. ; the Fitchburg RR. from Conway June, to Shelburne Falls, Mass., 4.67 m. ;
the New England RR. from junction to station at Willimantic, Ct., 0.36 m.; from Dedham to Islington June.,
Mass., 2 m., and from Islington June, to Norwood June., Mass., 2.55 m. ; the Boston and Albany RR. from
junction to station in Worcester, Mass., 0.15 m., and the Boston and Maine RR. from junction to station in
Lowell, Mass., 0.57 m.; a total of 22.33 miles. The rental of the New York and Harlem is paid directly from
earnings and does not appear in operating accounts.

History. — Consolidation, Aug. 6., 1872, of the Hartford and New Haven and New York
and New Haven RRs. (See MANUAL for 1893, p. 468.) For terms under which the leased lines
are operated, see statements for the several companies, subjoined.) In 1893 provision was
made for an exchange of New Haven shares for stocks of leased lines, under terms shown in
the MANUAL for 1894, p. 583. The following statement shows the stocks of leased lines re-
ceived in exchange for stock of this company, under the terms of that plan :

Total
Stock.

Amount
Exch'ged.

N. Haven
Stock
Issued.

Total
Stock.

Amount
Exch'ged.

N. Haven
Stock
Issued.

Roads not Merged :
Old Colony RR

$

16,508,900
2,460,000
2,000,000
2.998,500
2,875,800
1,200,000
447,000
448,700

5,518,000
2,403,500
972,200
1,594,500
2,723,200
892,800
353,600
1,500

$
4,966,200
961,400
972,200
637.800
340,400
223,200
108,800
900

Berkshire

S
600,000

S
1,000

$
600

NewHa ven &Northam'n

Total

29,538,900

5,000,000
1,000,000
800,000
100,000

14,460,300

5,000,000
1,000.000
800,000
100.000

8,211,500

5,000.000
750,000
800,000
100,000

B. &N. Y. A.L. (Pref.).
Housatonic (Preferred).
Danbnry & Norwalk . . .
New Haveii >fe Derby. . .
Stockbridge & Pittsfleld

Roads Merged :
N. Y. Prov. & Boston. .
Shore Line

Hartford & Conn. Val. .
Stamford & New Canaan
Total

6,900.000
36,438,900

6,900,000
21,360,300

6.650,000
14,861,500

Grand Total

On March 18, 1897, the Shore Line Ry. Co., and in March, 1898, the Housatonic RR.
Co., were fully consolidated into this company.

On June 15, 1898, the stockholders voted approval of a lease of the New England RR. ,
for 99 years from July 1, 1898, and of a lease of the Sbepaug, Litchfield, and Northern RR.,
for 75 years from July 1, 1898. (See GENERAL INDEX for statements of those companies.)
87

578 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

In connection with these leases provision has been made for an issue of $7,100,000 addi-
tional capital stock, of which $6,500,000 is to be exchanged for the stock of the New England
RR Co, on the basis of five shares of common stock or two shares of preferred stock of the
New England RR. Co. for one share of the stock of the New York, New Haven and Hart-
ford RR. Co., and the remaining $600,000 is to be exchanged share for share for the stock of
the Shepaug, Litchfield and Northern RR. Co.

The company owns the entire capital stock of the Shepaug, Litchfield and Northern RR.
Co., besides $12,053,400 of the common stock and $1,476,500 of the preferred stock of the
New England RR. Co.; so that of the $7,100,000 of new stock provided, only $3,351,100
other than treasury stock will have to be issued in exchange for outstanding stock of the
New England RR. Co.

The right to make the exchange will continue until Jan. 1, 1900, but a bonus of $4.50
will be given with each share of New York, New Haven and Hartford stock issued in ex-
change for preferred stock of the New England RR. Co. from July 1, 1898, to Jan. 1, 1899.

The lease of the New England RR. provides for the payment of dividends at the rate of
3 p. c. per annum on any preferred stock of the New England RR. Co. which may not be
exchanged.

An amendment to the charter, authorized March 23, 1880, allows the company to acquire
and use steamboats and car-floats, and to acquire and sell shares in any Connecticut corpora-
tion owning and operating boats designed for transportation of cars, provided no expenditure
so made shall exceed 2 p. c. of the company's capital stock.

During the past fiscal year full ownership of the capital stock of the Providence and Stonington Steam-
ship Co. was secured through the acquisition of the 449 shares held by private parties.

The improvement of the New York Division has been continued, and four tracks are now in use for its
entire length, excepting through Bridgeport, where legal obstacles have been raised by landowners.

The new Union Station at Providence is substantially ready for occupancy. The work of raising the tracks
of the Providence Division within the limits of the city of Boston has been completed.

The Boston Terminal Co. has secured all needed funds at 3J p. c. interest, payable in currency, and the
plans for the Southern Union Station having been approved by the Mayor of Boston and by the Railroad Com-
missioners, the work is proceeding in a satisfactory manner.

During the fiscal year a new electric power-house was constructed at Berlin, Conn. It is so situated that
the current may be applied in four different directions on this road and also supply the New England RR.,
via New Britain, to Hartford and to Bristol. Its line between New Britain and Hartford has been running
since May 24.

From 1887 to the close of the past fiscal year the capital stock and debt was increased as follows:
Capital stock, $32,112,200; convertible debenture certificates, $16,397,200; non-convertible debentures, $2,000,-
000; notes payable, $5,320,000 — total, $55,829,400. During the same period the following expenditures were
made: For construction, permanent improvement and equipment, $28,398,008.82; for advances account of
Providence terminals, $1,885,892.30; for advances account of Dartmouth St. Station, Boston, $555,167.96; for
acquisition, by exchange, of stocks of leased lines merged, $6,650,000; for acquisition of stocks and bonds of
leased lines not merged, $8,530,334.29; for investment in other companies (stocks and bonds of N. Y. & N. E.
RR. Co. and its leased lines, $8,829,971.91; stock of P. & S. SS. Co., $1,090,889.39; stock of Shepaug, Litchfield
& No. RR. Co., $382,522.15; stock, bonds and notes of Meriden Electric RR. Co., $393,857.50; stock, bonds and
notes of Stamford Street RR. Co., $278,020.77; stock of Boston Terminal Co., $100,000; stock of N. Y., N. H.
& H. RR. Co., $291,076.38; miscellaneous, $221,795), $11,588,133.10— total, $57,607,536.47. The difference of
about $1,800,000 between the increase in stock and debt and the expenditures was obtained from surplus
earnings and realization of cash assets.

Rolling Stock, June 30, 1897. — Locomotives, 710. Cars — passenger coaches and smok-
ers, 976; combination, 216; parlor, 85; sleeping, 36; electric motors, 16; electric trailers, 6;
dining, 2; observation, 1 ; baggage and mail, 205 ; Adams express, 16 ; freight (box, 4,896 ;
flat, 2,000; stock, 22; coal, 2,957; carriage, 37; milk, 41; dump, 1,928), 11,881; caboose, 229;
officers' and pay, 10; other, 200 — total cars. 13,879.

Floating Stock.— Steamers, 2 ; steam tugs, 10; car floats (8-car, 3; 10-car, 13; 12-car 3 ;
14 car, 7 ; 16-car, 11), 37.

Operations, year ending June 30, 1897.— See tabulated statement on page 579.

Earnings- Passenger $13,618,249 83

Freight 13,340,213 17

Mail 507,658 18

Express. 975,427 85

Miscellaneous 1,181,784 07

Total ($20,231.62 per mile) $29,623,333 10

Expenses— Conducting Transportation $12,414,486 60

Maintenance of Equipment 3,324,10609

Maint. Way and Buildings 3,526,973 81

General 777,691 04

Taxes 1,647.744 14

Total ($14,814.13 per mile) $21,691,001 68

Net earnings (26.77 p. c.), $7,932,331.42 ; add interest and dividends, $600,131.83; mis-
cellaneous income, $13,940.46— total, $8,546,403.71. Deductions: Interest accrued on bonds,
$205,000; on convertible debenture certificates, $655,888 ; on debentures (non-convertible),

POOR'S MANUAL— NEW YORK, NEW HAVEN AND HARTFORD RR. CO. 579

$23,111.11; on current liabilities, $323,988.12; 'on deferred liabilities, $10,000; net accrued
rentals leased lines (see below), $3,450,171.72; dividends (July and Oct., 1896, Jan. and
April, 1897, 2 p. c. each), $3,803,516— total, $8,471,674.95. Surplus, $74,728.76.

Statement of operations, capital account, etc., for eight fiscal periods ending June 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of RR. Operated ....
Passenger Train Miles

508.08
2,757,250
1,727,293

508.08
3,870,423
2,409,602

508.08
4,087,412
2,529,882

830.82
6,318,706
3,850,919

1,469.28
9,951,315
4,755,936

1,469.28
9,756,190
4,957,717

1,464.21
10,210,634
5,149,060

1,464.21
10,248,807
5,105,720

Fgt. and Mixed Train Miles
Total Train Mileage...
Passengers Carried

5,484,052

9,457,344
236,341,012
2,713,931
191,343,980

$
3,843,379
3,465,782
582,125

7,805,078

14,030,868
341,370,316
3,802,012
255,243,884

s

5,780,306
4,673,630
869,681

8,175,797

14,658,905
354,142,716

4,120,477
280475,679

6,023,751
5,010,421
879,529

13,202,473

23,187,894
476528,944
6,859,100
419,056,144
$
8,563,340
7,825,107
1,534,622

14,707,251

44,448,324
725550,169
8,717,879
541,484,407
I
12,971,657
10,091,082
2,219,136

14,713,907

43,838,676
747,008,728
9,665,236
717,701.005
8
13,204,839
11,896,695
2,506,475

15,359,694

43,970,932
788,477,424
10,866,909
847,107,629
$
13,928,018
13,296,584
2,821,569

15,354,527

41,599,670
756,540,942
10,891,726
839,960,309
8
13,618,250
13,340,213
2,664,870

Passenger Miles

Freight (tons) Moved
Freight (ton) Miles

Passenger Earnings

Freight Earnings

Exp., Mail, etc., Receipts..
Gross Earnings

7,891,286
5,842,424

11,323,617
8,545,824

11,913,701
8,878,974

17,923,069
13,251,792

25,281,875
19,342,169

87,608,009
20,528,633

80,046,171
22,629,463

29,623,333
21,C91,001

Operating Exp. and Taxes
Net Earnings

2,048,862
127,723

2,777,793
188,364

3,034,727
189,238

4,671,277
400,418

5,939,706
404,490

7,079,376
528,552

7,416,708
1,155,145

7,932,332
614,072

Other Receipts

Available Revenue

2,176,585

724,955
60,000
1,317,500
+ 74,130

15,531 58
11,499 02
4,032 56
74.04 p. c.
1.62C.
1.78 c.

141.48
388.84
283.42
209
470

2,966,157

984,060
80,000
1,865,000
+ 39,097

22,287 08
16,819 84
5,467 24
75.47 p. c.
1.69c.
1.79 c.

149.14
402.51
345.68
224
529

3,223,965

' 981,684
80,000
2,103,750
+ 58,531

23,448 48
17,475 54
5,972 94
74.53 p. c.
1.70 c.
1.79c.

149.14
432.75
365.87
239
531

6,071,695

1,757,531
316,165
2,945,535
+ 52,464

81,672 75
15,950 26
5,622 49
73.94 p. c.
1.80 C.
1.87 c.

282.35
667.41
510.41
422
883

6,344,196

3,379,975
690,543
3,631,293
-1,25!, 615

17,20699
13,164 30
4,04260
76.51 p. c.
1.79 C.
1.86 c.

282.35
676.45
650.86
669
1,418

7,607,928

3,322,408
806,531
3,794,290
- 315,301

18,85582
14,020 28
4,834 94
74.36 p. C.
1.77 c.
1.66 c.

276 .41
726.65.
702.12
705
1,401

8,571,853

3,418,104

1,486,857
3,608,542
+ 58,350

20,520.39
15,455.07
5,065.32
74.57 p. c.
1.77 c.
1.57c.

276.41
762.36
737.97
681
1,357

8,546,404

3,450,172
1,217,987
3,803,516
+ 74,729

20,231.62
14,814.13
5,417.49
73.23 p. c.
1.80 c.
1.54 c.

325.81
895.18
862.07
710
1,316
22
221
12,320
$
47.612,200
16,397,200
LMXXXOOO
4,500,000
200,000
5,320,000
2,665,251
6,673,483

Lease Rentals

Interest . . . .

Dividends

Balance (+ or — )

Gross Earnings per Mile . . .
Gross Expenses per Mile. . .
Net Earnings per Mile. ...
Expenses to Earnings
Aver. Rate p. Pass. p.Mile. .
Aver. Rate p. Ton p. Mile. .

Miles of RR. Owned

Miles of Track

Miles of Steel Rail. . .

Passenger Cars

Electric Cars ...

Baggage, Mail, etc., Cars..
Freight and Other Cars

Capital Stock

113
4,378
$

18.600,000

119
4,398
$
19,576,505

125
4,552

23,375,000

166
8,179

9

32,938,000
3,281,900

217
11,947

8
37,942,900
9,850,775

211
11,802
$
37,942,900
13,122,800

220
13,000
$

47,475,700
16,397,200

Conv. Debenture Certifs. . .

Unconvertible Debentures.
Funded Debt

2,000,000

2,000,000

2,000,000

4,300,000
350,000
2,412,500
1,743,563
6,109,916

4,300,000
323,500
3,000,000
2,299,930
4,853,334

4,300,000
250,000
4,650,000
2,740,086
4,511,529

4,300,000
200,000
6,650,000
3,379,558
4,549,455

Deferred Liabilities .......

Bills Payable

860,000
785,408
3,706,527

3,140,000
1,093,623
3,860,484

500,000
1,117,549
4,007,716

Sundry Accounts

Profit and Loss Account. . .
Total Liabilities

21,951,935
22,337,655

29,670,612
25,511,515

31.000,265
27,696,567

51,135,879
40,660,835
3,763,000
2,463,960
1,372,223
2,746,741
129,120

62,570,439
45,105,948
8,767,900
2,219,031
2,139,992
3,627,056
710,512

67,517,315
48,901,609
8,767,900
4,234,454
1,892.661
2,587,691
1,163,000

82,951,913
F2,121,205
8,825,000
15,704,075
1,801,516
3,124,390
1,375,727

85,368,134
51,167,011
8,211,500
13,781,792
1,631,870
3,480,301
7,095,660

Road and Appurtenances. .
Stocks of KRs. not Merged
Stocks and Bonds Owned.
Materials and Supplies
Cash and Current Assets..
Contingent Assets

2,328,769
627,992
632,989
24,530

2,239,277
794,190
1,101,100
24,530

1,974,957
632,367
671,844
24,530

Total Assets

25,951,935

29,670,612

31,000,265

51,135,879

62,570,439

67,517,315

82,951,913

85,368,134

Amounts paid New York aud Harlem RR. Co. for tolls, not appearing in the earnings as
above: In 1887, $324,368.60; 1888, $337,084.69; 1889, $360,624.14; 1890 (9 mos.), $271,-
378.80; 1891, $391,125.45; 1892, $396,798.79; 1893, $413,867.98; 1894, $401,640.94; 1895,
$402,639.42 ; 1896, $424,777.96 ; 1897, $420,458.45.

Profit and Loss Account, June 30, 1897.— Credits: Surplus, June 30, 1896, $4,549,455.18;
charges for equipment and betterments on the H. R. & P. C. RR. included in operating ex-
penses to June 30, 1897, $1,279,694.36; excess of assets over liabilities of Shore Line Ry. Co.
transferred to the books of this company, $220,016.19; premium of convertible debenture

580

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

certificates sold, $17,500 ; profit on s-ile of stocks and bonds, $556,767.53 ; surplus income,
$74.728.76 — total, $6,698,162.02. Contra: Settlement of old claims against leased lines
prior to leases and worthless accounts charged off, $24,679.07. Balance, June 30, 1897,
$6,673,482.95.

Rentals of Leased Lines. — The amount of accrued rentals of leased lines as above is less
dividends received on leased lines stocks exchanged for N. Y., N. H. & H. RR. stock. Fol-
lowing are the rentals in detail, showing also the total rentals of lines whose stocks have
been exchanged : Old Colony (total, $1,840,623.77), $1,454,368.77; Boston and Providence,
$494,800 ; Providence and Worcester, $446,000 ; New Haven and Northampton (total, $346,-
400), $250,260 ; Harlem River and Portchester, $170,000 ; Housatonic (total, $177,758),
$150.526 ; Naugatuck (total, $206,000), $108,780 ; Boston and New York Air Line (total,
$144,940), $81,160 ; New Haven and Derby (total, $91,180), $77,036 ; Danbury and Norwalk
(total, $63,500), $41,180; Berkshire, $36,250; Shore Line (total, $50,000), $2,691 ; Stock-
bridge and Pittsfield, $27,172 ; Holyoke and Westfleld, $32,958.74 ; Providence, Warren and
Bristol, $23,387.50 ; Pawtuxet Valley, $17,663 ; Fall River, $2,500 ; Plymouth and Middle-
borough, $11,350 ; Attleborough Branch, $9,219 ; Nantasket Beach, $6,250 ; Chatham, $3,-
074.71 ; West Stockbridge, $1,800 ; Colchester, $1,750— total, $3,450,171.72.

General Balance Sheet, June 30, 1897.

Cost of Road and Appurtenances $51,167,010 69

Leased Lines Stock Exchanged 8,211,500 00

Stocks and Bonds Owned 13,781,792 16

.Materials and Fuel on Hand 1,631,869 81

Bills Receivable 518,271 31

Current Accounts and Assets 2,479,949 63

Cash on Hand 482,080 05

N. Y., P. & B. & O. C. RRs. Terminal Co. 1,205,351 21

Terminal Lands at Providence 756,117 00

Expenditures on Pawtuxet Valley RR. . . . 16,313 53

Harlem River & Pt. Chester RR. Co 5,117,878 37

Common Stock Paid in $47,612,20000

Convertible Debenture Certificates 16,397,200 00

Non-Convertible 50-yr. Debentures 2,000,000 00

Funded Debt Outstanding 4,500,000 00

Housatonic RR. Rolling Stock Certif 200,000 00

Notes Payable 5,320,000 00

Interest and Rentals, Accrued, not Due.. 513,701 10
Interest, Rentals, and Dividends Unpaid. 54,076 97

Current Accounts 2,097,472 74

Profit and Loss 6,673,482 95

Total Assets $85,368,133 76 Total Liabilities

Statement of funded debt, N. Y., N. H. & H. RR. Co., June 30, 1887 :

.$85,368,133 76

CHARACTER OF BONDS.

Miles
of
Road.

DATB or

INTEREST.

Amount
Out-
standing.

Annual
Interest.

Issue.

Maturity.

Rate.

Payable.

1st Mtge., N. Y., N. H., & H., main line. .
1st Mtge., N. Y., P. & B., Prov. to Ston.
1st Mtge.,N. Y., P. & B.,Ston. to New
London

122
50

63
49

June 1, 1883
Jan. 1, 1869

April 1, 1881
April 1, 1892
Mar. 1, 1880

June 1, 1903
Jan. 1, 1899

April 1, 1901
April 1, 1942
Mar. 1, 1910

p. c.

4

r

4
4

4*

June & Dec.
Jan. & July

Apr. & Oct.
Apr. & Oct.
Mar.&Sept.

$

2,000,000
1,000,000

300,000
1,000,000

200,000

80,000
70,000

12,000
40,000
9,000

Gen. Mtge., N. Y., P. & B., Prov. to N.
London

1st Mtge., Shore Line Ry., New Haven
to New London

Total Funded Debt

4,500,000

211,000

The 1st mtge. main line lands are part of an authorized issue of $5,000,000. The bonds are in registered
form, $l,f>00,000 being- $5,000 bonds (numbered Series A, 1 to 300), and the remainder (numbered Series A, 1
o 500), $1,000 bonds. Trustee: the Treasurer of the State of Connecticut. The bonds may be registered in
the ottit-p of the State Comptroller; also they may be registered and transferred at the company's office. In-
terest payable at the Chemical National Bank, New York, N. Y., and at the company's office in New Haven.

The AY »c York, Providence and Boston 1st mtgc. bonds, both issues, are in coupon form, with
privilege of registration; the gen. mtge. bonds are in coupon and registered forms; all three issues being in
bonds for $1,000 each. The authorized issue of gen. mtge. bonds is $4,000,000, of which $1,300,000 are reserved
fur prior liens, and $1,700,000 for future needs of the company. Interest on all three issues is payable at the
Central Trust Co., New York, N. Y.

The M.ore. Line bonds were assumed by the company in the consolidation of March, 1897. They are
$1,000 and $5,000 bonds, all in registered form. Trustee: the Treasurer of the State of Connecticut. Interest
payable at the National New Haven Bank, New Haven, Conn.

The convertible debenture certificates are in denominations of $1,000 and $100, and are. in coupon and

fistered forms. They are dated April 1, 1893, and may be exchanged for stock on April 1, 1903, or within

i days thereafter. If not then surrendered for exchange they will become payable in cash on April 1, 1908.

They will be countersigned by the Farmers' Loan and Trust Co., as registrar. Interest at 4 p. c. per annum,

payable April and Oct. in New York.

The non-convertible debentures are authorized to the amount of $10,000,000. They are dated March 1,
897, mature March 1. 1:147, and bear interest at the rate of 4 p. c. per annum, payable March 1 and Sept. 1,
in New York. Sinn; the close of the fiscal year $1,000,000 additional of these debentures have been sold and
the proceeds applied to discharging the floating debt.

POOR'S MANUAL — NEW YORK, NEW HAVEN AND HARTFORD RR. CO. 581

Bonded debt of leased roads, interest payable by the New York, N-ew Haven and Hartford
RR. Co. on account of rental :

DESCRIPTION OF BONDS.

Issued.

When Due.

INTEREST.

Amount.

Owned by

N. Y., N.
H. & H.

Annual
Interest.

Rate.

Payable.

1873
1873
1881
1883
1880
1877
1869
1870
1S81
1886
1891
1878
1877
1873
1880
1885
1887
1882
1889
1870
1888
1888
1892
1880
1890
1885
1869
1864
1874
1877
1882
1884
1884
1880
1894
1888
1895
1888
1887
1887
1880
1892

Oct. 1, 1903
Oct. 1, 1903
June 1, 1911
Jane 1, 1913
Aug. 1, 1905
July 1,1907
Jan. 1, 1899
April 1,1909
April 1, 1911
July 1, 1896
April 1, 1911
April 1, 1898
Oct. 1, 1897
July 1, 1893
April 1,1900
April 1, 1910
Nov. 1, 1937
Oct. 1,1912
July 1, 18»9
Feb. 1, 1900
May 1, 1918
Feb. 1, 1900
July 1, 1920
July 1, 1920
July 1, 1920
April 1, 1925
Oct. 1,1881
July 1,1884
July 1, 1894
Aug. 1, 1897
Dec. 1, 1897
April 1, 1904
July 1,1904
Jan. 1, 1910
Feb. 1, 1924
Jan. 1, 1938
Dec. 1, 1925
July 1, 1918
Nov. 1, 1902
Nov. 1, 1907
Oct. 1, 1900
Jan. 1, 1912

p.c.

6
4
4
5
7
7
6
5
5
4
6
6
7
6
4
5
5
5
7
5
6
5
6
5
5
7
6
7
6
4!

9

5
4
4
4
4
6
6
2*
5

A. & O.
A. & 0.

J. & D.
J. & D.
F. & A.
J. & J.
J. & J.
A. & O.
A. & O.
J. & J.
A. & O.
A. & O.
A. & 0.
J. & J.
A. & 0.
A. & O.
M. AN.
A. & O.
J. & J.
F. & A.
M. &N.
F. & A.
J. & J.
J. & J.
J. & J.
A. & 0.

S

1,000,000
1,000,000
1,000,000
150,000
500,000
25,000
1,300,000
1,200,000
700,000
700,000
200,000
60,000
1,500,000
100,000
60,000
100,000
2,839,000
61,000
200,000
225,000
575,000
480,000
200,000
100,000
200,000
150,000
200
4,000

S

70,000
60,000
40,000
6,000
25,000
1,750
91,000
72,000
35.000
35,000
8,000
3,600
90,000
7,000
3,600
4,000
141,950
3,050
10,000
15,750
28,750
IXKOO

10,000
6,000
10,000
,. 7,500

" " iat Mtge

" " 2dMtg«

Naugatuck 1st Mtge .... ....

B <fe N Y A -L , 1st Mtge

Colchester, 1 st Mtge

N H. & N. Co., 1st Mtge

" " Con. S. F. Mtge

" " No. Ext. Mtge

" " Convertible

350,000

Hoi. & West., 1st Mtge. (main line} —
" " 1st Mtee (branch)

Providence and Worcester, 1st Mtge. ..
Pa wtuxet Valley 1 st Mtge

100,000

" " 2d Mtge

" Mtge. (Danbury Branch). .
Rolling Stock Certif

" " Consol. Mtge..
" Mtge. Certif. . .
Danbury and Norwalk, 1 st Mtge .......

" Con?ol. Mtge ..
" Consol. Mtge ..
" Gen. Mtge
Fitchburg and Worcester, 1st Mtge ....
Agricultural Branch, 1st Mtge

New Bedford, 1st Mtge

1,000

Old Colony Bonds. ...

F. &A.

J. &D.
A. &O.
J. & J.
J. & J.
F. & A.
J. & J.
J. & D.
J. & J.
M. &N.
M. &N.
A. & O.
J. & J.

1,532,000
200,000
498,000
750,000
1,912,000
3,000,000
4,000,000
2,894,000
2,170,000
6,300
20,000
250,000
225,000

91,920
9,000
22,410
30,000
95,600
120,000
160.000
115,760
86,800
378
1,200
6,250
11,250

ti >i

» o

B. C., F. & N. B., 1st Mtge

Old Colony Bonds '

u u

Boston and Providence, Bonds

*Chatham RR. 1st Mtge

Nantasket Beach, 1st Mtge

Plym. & Middleborongh, 1st Mtge
Totals

32,087,500

450,000

1.564,318

* Interest on the bonds of the Chatham RR. is paid by that company from rental received.

The Harlem River and Portchcstcr bonds are for $1,000 each, in coupon and registered forms; interest
payable at the Chemical National Bank, New York, N. Y., or Treasurer's office, New Haven, Ct. Trustee:
Farmers' Loan and Trust Co., New York, N. Y.

The Naugatuck RR. bonds are a first lien on the line from Naugatuck June, to Winsted, Ct., 56.55 miles.
They are $1,000 and $5,000 registered bonds; interest payable at the Treasurer's office, New Haven, Ct. Trus-
tee: Loan and Trust Co., New York, N. Y.

The Boston and New York Air Line bonds are for $1,000 each, in coupon form, with privilege of regis-
tration. Trustee: the State Treasurer. Interest payable at the Lincoln National Bank, New York, N. Y., and
at Treasurer's office, N. Y., N. H. & H. RR. Co., New Haven, Ct.

The Colchester RR. bonds were originally guaranteed by the Boston and New York Air Line, but the
guarantee has been assumed by the N. Y., N. H. & H. RR. Co. Trustee: the State Treasurer.

The New Haven and Northampton 1st mtge. bonds are secured on the line from New Haven to
Northampton, Mass., 76 m., and from Farmington to New Hartford, 14.9 miles. The consols are subject to
the firsts on the lines mentioned, and are a first lien on the branch from Northampton to Williamsburg, 7.51
miles. They are additionally secured by a sinking fund of $15,000 per annum. The Northern Extension
bonds are a 1st mtge. on the extension from Northampton to Conway June., 18.31 m., and the branch from
South Deerfield to Turner's Falls, 10.07 miles. The 58 of 1886 may be converted at the option of the holder
into capital stock of the company. Sinking fund of consols amounts to $195,000, having been increased by
delayed installments and interest on same, and is now fully paid up. On Sept. 30, 1888, $181,227.99 of it was
invested as follows: N. H. & N. bonds, $73,000; H. & W. bonds, $60,000; local bank stocks, $44,377.38; cash and
temporary loan, with collateral, $3,850.61. The $700,000 convertible bonds are exchangeable for stock at par
on any day on which dividends are paid. Trustee of consols: Union Trust Co., New York, N. Y. Other
trustees: George J. Brush, George St. John Sheffield, New Haven, Ct. Interest on bonds payable at the
National Tradesmen's Bank, New Haven, Ct. Bonds are all of the denomination of $1,000, in coupon form,
with privilege of registration.

The Holyoke and Westfteld bonds are guaranteed by the New Haven and Northampton RR. Co., and
guarantee assumed by the N. Y., N. H. & H. RR. Co.

The Providence and Worcester bonds were paid off and retired on Oct. 1, 1897, and on the same date
$1,500.000 1st mtge. 4 p. c. 50-yr. bonds were issued in place of them. Interest payable at the office of the
trustei , the Rhode Island Hospital Trust Co., Providence, R, I.

.VS2

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

The Hotisatonic, RR. firsts are secured on the line from Bridgeport to the Connecticut State Line, 74.46
miles They are $500 and $1,000 bonds. The Danbury Branch bonds are secured on the line from Brookfield
June, to Danbury, Ct., 5.36 miles. They are subject to call at any time. Interest on both issues payable in
New Haven. The consols are part of an authorized issue of $3,000,000, intended to retire the other two issues
and provide for additions and improvements. They are for $1,000 gold each, in coupon form, with privilege
of registration. Interest payable at the Farmers' Loan and Trust Co., New York, N. Y. Trustee of bonds:
the State Treasurer.

The Netc Haven and Derby 1st mtgc. bonds and consols are secured in the order named on the line
from New Haven to Ansonia, Ct., 12.90 m. ; the mtgc. certificates are secured on the Huntington Branch, 3.79
miles. The Ists are in denominations of $500 and $1,000; the consols and the mtge. certificates are for $1,000
each. The three issues mentioned are in coupon form ; the real estate note is registered. Trustee of mtges. :
the State Treasurer. The real estate and registered certificates are secured on real estate in New Haven and
in Shelton. Interest payable in New Haven, Ct.

The Danbury and Kortcalk 1st mtge. bonds were originally 7s, issued in 1872, and fell due July 1, 1892.
They were extended to July 1, 1920, and the rate of interest reduced to 5 p. c. Bonds of all issues are for
$1,000 each in coupon form, with privilege of registration. Interest payable in New Haven, Ct. Trustee:
the State Treasurer of Connecticut.

The Old Colony bonds are not secured by mtge. The 6s are in coupon and registered forms; the 4s and
the 4is of 1897, in registered form; and the 4£s of 1904, in coupon form. The 4s of 1924, 1925 and 1938 are in
coupon form, with privilege of registration, or in full registered form. Interest payable by the Treasurer.

The Boston, Clinton, Fitchburg and New Bedford bonds are secured on 125 m. of road.

The Boston and Providence bonds are not secured by mtge. They are for $1,000 each, in coup, form,
with privilege of registration. Interest payable at the Treasurer's office.

In order to fund the floating debt, which amounted to a little over $9,000,000, it was decided in March,
1897, to issue not exceeding $10,000,000 of debentures, which was done and $2,000,000 of them sold and de-
livered previous to June 30, 1897. Also, it was decided to guarantee and sell $5,000,000 of New England RR.
5 p. c. gold bonds, which had been held in the treasury, and $2,000,000 of them were accordingly disposed of
previous to June 30, 1897. These sales reduced the notes payable to the amount ($5,320,000) shown in the
general balance sheet. Since the close of the fiscal year further deliveries of $1,000,000 debentures and of the
remaining $3,000,000 New England RR. bonds have been made, and every note of the company redeemed.

Statement of stocks and bonds owned, the stocks shown being exclusive of those received
in exchange for N. Y., N. H. & H. RR. stock :

STOCKS.

Num'r.

Par Value.

Dividends
Received
and
Accrued.

BONDS.

Nnm'r.

Par Value.

Interest
Received
and
Accrued.

New England RR. Co., Com.
New England RR. Co. Pref.
Old Colony RR. Co
Prov. & Springfield RR. Co.
Shep.,Litch. & No. RR. Co.
R.I. &M. RR.Co., M.Div.
R. I. &M. RR.Co.,R. I.Div.
Housatonic RR. Co., Com. .
Housatonic RR. Co., Pref..
Har. R. & Port Ch. RR. Co.
B. & N.Y.A.L.RR.Co.,Com.
B. & N. Y.A.L.RR.Co.,Pref .
West Stockbridge RR. Co. .
Wood River Branch RR.Co.
Narrasansett Pier RR. Co..
N. H. & Northampton Co..
N. Y., N. II. & H. RR. Co .

117,700
12,549
2,395
4,188*
11,993
1,000
1,349
197
1,498
4,255
6,807
95
396
200
187
136
1,061
95
139
51
22
13*
3
20,000
9,905
577
850
1,000
2,500
40
179

$
11,770,00000
1,254,90000
239,5000*
418,850 OC
599,650 00
100,000 00
134,90000
19,700 00
149,800 00
42,55000
680,700 00
9,50000
39,600 00
20,000 00
18,700 00
13,60000
106,100 00
9,50000
13,900 00
5,10000
2,20000
67500
30000
2,000,000 00
990,50000
28,85000
42,50000
100,00000
75,00000
4,00000
89500

$

New Eng. RR. Co.
Con. Mtge. Golds
p. c. , due July 1, '45
Meriden Horse RR.
Co., 1st Mtge. Gold
5. p. c., due 1924..
N. H. & Norihamp.
Co., 5 p. c. Con.,
due Julyl, 1904..
Pawtuxet Vy. RR.
Co. 7 p. c., due
Julyl, 1893

3,000
101
350
100
140
48

$
3,000,000 00
101,00000
350,00000
100,00000
70,00000
4,80000

$
229,444 45
5,05000
17,50000
7,00000

19,013 75
16,750 00

"16,00066

6,745 00

'l, 498' 66

36000
1,80000

Stamford St. RR.
Co., $500 bonds,
due Aug. 1, 1909..
Stamford St. RR.
Co., $100 bonds,
due Aug. 1,1909..

Total

1.309 00
54400
5,014 00
57000
42400
46500
4400
3500

Stockb. & Pittsfield RR.Co.
New Haven & Derby RR. . .
Naugatnck RR. Co

3,625,800 00

258,99445

C., Rock Isl. & Pac. RR.Co.
Danbury & Xorwalk RR.Co.
Lowell & Fram'ham RR.Co.
Prov. & Stonington SS. Co.
Meriden Electric RR. Co. . .
Stamford St.. RR. Co., Com.
Stamford St., RR. Co., Pref.
Boston Terminal Co

/ g|

Ledger Values : < B

ocks $1(

,317,258 83
,464,533 33

118,479 00

N.Y.,P.&B.&O.C.RR.T.Co.
New York Transfer Co
Derby Paper Mills Co

Total

20000

18,891 470 00

183,240 75

NOTE. — In addition to the foregoing stocks enumerated, the company owns: J,000 shares of stock of th
mtiac Branch RR. Co., and one-twelfth interest in the Iron Works Aqueduct Co., Brookfield, Conn.

The N. Y., P. & B. & O. C. RR. Terminal Co. stock represents paid assessments of $15
per share. In addition to the $183,240.75 in dividends received and accrued, $6,496.62 was
received on account of dividends on stocks of leased lines owned by this company for which
its stock was issued in exchange, and from Iron Works Aqueduct Co., Brookfield, Conn. In
addition to the $258,994.45 interest received and accrued, $2,500.01 was received on account
of interest on Fall River RR. Co. bonds which were exchanged during the year.

POOR'S MANUAL — NEW YORK, NEW HAVEN AND HARTFORD SYSTEM. 683

The following stocks and bonds are held by the company as lessee of the Old Colony RR. :
STOCKS. STOCKS.

8 shares of Providence, Warren and Bristol RR.Co.Pref.
1,491 shares of P., W. & B. RR. Co., Preferred held by

O. C. RR. Co. as lessee of B. & P. RR.
1,872 shares of P., W. & B. RR. Co. Common, held by

O. C. RR. Co. as lessee of B. & P. RR.
1,500 shares of B. & P. RR. Co. in R. I., held by O. C.

RR. Co. as lessee of B. & P. RR.

BONDS.

300 $1,000 1st mtge. 7 p. c. bonds, Nos. 1 to 300 inclusive.
of Fall River, Warren and Providence RR. Co., dated
April 17, 1873, due April 17, 1883.

500 $1,000 mtge. 7 p. c. bonds (interest reduced Oct 1,
1879, to 5 p. c.), Nos. 1 to 500 inclusive, of Framing-
ham and Lowell RR. Co., dated April 1, 1871, due
April 1, 1891.

12,000 shares of Old Colony S. B. Co.

i capital stock (2,500 sh.) of N.Y..P. & B. and O. C. RR.

Term. Co., on which assessm't of $15 a share has been

paid.

1,000 shares of Boston Terminal Co.
1,000 shares of Boston Term. Co., held by Old Colony

RR. Co. as lessee of B. & P. RR.
400 shares of New Bedford, Martha's Vineyard and

NantncketS. B. Co.
1,435 shares of Union Freight RR. Co.
1,435 shares of Union Freight RR. Co., held by O. C.

RR. Co. as lessee of B. & P. RR.
259 shares of Lowell and Framingham RR. Co.
105 shares of the Sea View Hotel and Wharf Co.
1 share of Oak Bluffs, Land and Wharf Co.
110 shares of Framingham and Lowell RR. Co.
998 shares of Fall River, Warren and Providence RR.Co.

The following dividends have been received during the year : From Old Colony Steamboat Co. stock, $120,-
000 ; from Providence, Warren and Bristol RR. Co. stock, $16,865 ; from Union Freight RR. Co. stock, $10,045 ;
from New Bedford, Martha's Vineyard and Nantucket Steamboat Co. stock, $2,000-total, $148,900.

The following statement shows the mileage, stock, bonds, etc., of all lines comprising
the New York, New Haven and Hartford System on June 30, 1897 :

NAME OF ROAD.

Mileage.

Date of Lease.

Term of
Lease.

Capital.

Bonded
Debt.

Fixed
Annual
Charge.*

New York, New Haven and Hartford

M.

325.81

t64,009,400

J6,500,000

946,888

Leased Lines:
Harlem River and Portchester

11.50

Oct. 1, 1873

99 years.

42,250

3,000000

170.000

Boston and New York Air Line
Colchester

51.501
3.59)

Oct. 1, 1882

99 years. -J

3,876,101
25,000

500,000
25 000

146,690

New Haven and Northampton

128.31 )

]

2,460,000

3,900,000

j

Holyoke and Westfleld

10.32 j

April 1, 1887

99 years. <

260,000

260,000

> 333,400

Nau°rattick

60 99

April 1, 1887

99 years.

2,000.000

150,000

206,000

Danbury and Norwalk

30.25

July 1, 1892

99 years.

600,000

650,000

63,500

90 12

July 1, 1892

99 years.

2,898,800

3,000,000

177,758

Berkshire

20 63

April 1, 1893

99 years.

600,000

36,250

West Stockbridge .

2 64

April 1, 1893

99 years

39600

1,800

Stockbridge and Pittsfleld

22.02

April 1, 1893

99 years.

448,700

27,172

New Haven and Derby

16.69

July 1, 1892

99 years.

447,000

1,280.000

86,710

Providence and Worcester

47 90

Dec. 1, 1892

99 years.

3,500,000

1,500,000

446,000

Pawtuxet Valley

5.67

July 1, 1884

99 years.

100,900

160.000

17,663

Old Colony RR

507.45

Mar. 1, 1893

99 years.

16,517,625

14,791,200

1,780,716

Attleboroufh Branch RR

4.00

131,700

9.219

Boston and Providence RR

61.19

April 1, 1888

99 years.

4,000,000

2,170,000

494,800

Chatham RR

7.07

Jan., 1888

68,200

26,300

1,578

Nantasket Beach RR

6.95

1888

99 years.

250,000

6,250

Plymouth and Middleborough RR. . .
Providence, Warren and Bristol RR

15.03
14.35

Jan. 1, 1893
July 1, 1891

99 years.
95 yrs. 9 mo.

80,000
437,300

225,000

11,350
21,871

Total Leased Lines

1,116.07

38,533,176

31,887,500

4,038,727

Total of all Lines

1,441.88

102,542,576

37,387,500

4,985,615

* Exclusive of taxes, f Including $16,397,200 convertible debenture certificates,
unconvertible debentures.

Including $2,000,000

RAILROADS LEASEP BY THE N. Y., N. H. & H. RR. Co.

Attleborough Branch RR.— Attleborough to
North ittleborough, 4 m.; total track (steel, 4.44 m.),
5.48 miles. Chartered Feb. 8. 1867; opened Jan. 9,
1870. Leased formerly to the Boston and Providence
RR. Co.; lease transferred to the old Colony RR. Co.
on April 1, 1888; annual rental, $9,219, being 7 p. c.
dividends on stock, payable Jan. and July at Attle-
horough. Mass. Lease assumed by the N. Y., N. H.
& H. RR. Co. Financial Statement, June 30, 1897.
—Capital stock (shares, $100). $131.700; surplus. $407
—total, $132,107. Contra: Cost of road, $131,416;
cash, $691— total, $132,107. H. F. Barrows, Pres.;
H. F. Barrows, Jr., Treas., North Attleborough,
Mass. ; John R. Bronson, Clerk, Attleborough, Mass.
General Office, North Attleborough, Mass.

Berkshire RR.— West Stockbridge to Conn.
State Line, 20.53 m.; total track (steel, 24.85 m.),
25.56 miles. Chartered" April 13, 1837; opened Dec.
1, 1842. Leased to the N. Y., N. H. & H. RR. Co.,
April 1. 1893, for 99 years, lessee to pay all ex-
penses, taxes, and 6 p. c. on the capital stock. Old
lease to the Housatonic RR. not cancelled, but sus-
pended. Income Account, year ending June 30, 1897.
—Rental, $36.250; dividends, $396— total, $36,646.
Expenses, $466. Net income, $36,180. Paid divi-
dends (6 p. c.), $36.000. Surplus, $180. Financial
Statement, June 30, 1897.— Capital stock (par, $100),
$600,000; unpaid dividends, $540; profit and loss,
$14,093— total, $614,633. Contra: Construction, etc.,
$600,000; other investments, $3,970; other assets,

584

I'OOlt's MAiSTUAL OF EAILROADS — RAILROAD "SYSTEMS.'

$10,663— total, $614,633. Henry T. Robbins, Pres.,
Great Barrington, Mass.; D. A. Kimball, Sec. &
Treas., Stockbridge, Mass. Corporate Office, Stock-
bridge, Mass.

Boston and New York Air Line RR.—

New Haven to Willirnantic, Conn., 51.50 m. ; 2d
track, 5.23 m.; total track (steel; 56 and 70 Ibs.),
ti9 88 miles. Reorganization of the New Haven,
Middletown and Willimantic RR. Co., after fore-
closure in 1875. (See Manual for 1884.) Leased to
the N. Y., N. H. & H. RR. Co., for 99 years from
Oct. 1, 1882, the annual rental being equal to 4 p. c.
dividends (payable semi-annnally, April and Oct.)
on the preferred stock, interest on bonds, and taxes;
the lessee also assumes payment of interest on $25,-
000 bonds Colchester RR. Co. Financial Statement,
June 30, 1897.— Construction, $4,449,608; equipment,
$129,932; stocks and bonds owned. $43,324; other
assets, $1,626— total. $4,624,491. Contra: Capital
stock— common, $877,601; preferred, $2,998,500; con-
vertible bonds. $1.500; funded debt (see page 581).
$500.000; accrued interest not yet payable, $11,292;
profit and loss, $235,598— total, $4,624.491. Interest
payable at Treasurer's office, N. Y.. N. H. & H.
RR. Co., New Haven, or at Lincoln National Bank,
New York. Trustee of bonds: Connecticut State
Treasurer, John M. Hall, Pres.; E. Hayes Trow-
bridge, Vice-Pres. ; William L. Squire, Treas.; Wm.
E. ttarnett, Sec., New Haven, Conn. Corporate
Office, New Haven, Conn.

Boston ami Providence RR.— Boston,
Mass., to Providence, R. I., 41.5 m.; branches —
West Roxbury, 5.37 m.. Dedham, 2.22 m.; Stoughton,
4.05 m.; India Point, 8.05 m.— total, 61.19 m.; 2d
track. 53.14 m.; 3d track, 10.57 m. ; 4th track, 10.10
m.; total track (steel; 70 and 78 Ibs.), 213.58 miles.
This includes only one-half of mileage of tracks be-
tween Providence Passenger Station and Boston
Switch, that mileage being owned jointly with other
companies. Chartered July 22, 1831; opened in
Aug., 1S35. (See Manual for 1891.) Leased to the
Old Colony RH. Co. for 99 years from April 1, 1888,
at an annual rental of 10 p. c. on stock Income
Account, year ending June 30, 1897.— Rental, $489,-
800: other receipts. $400— total, $490,200. Expenses,
$2,762. Net Income, $487,438. Payments: Coupons,
$8<i.8oO; dividends (J.. A.. J.. & o.. 2* p. c. each),
$400.000— total, $486.800. Surplus, $638. Financial
Statement, June 30, 1897.— Capital stock (par, $100),
$4. 000. (K>(): funded debt (see page 581), $2.170 000;
unfunded debt, $256,313; profit and loss, $80,709—
total, $6.507,022. Contra: Cost of road, etc., $5,917,-
323; other investments. $429.793: cash. $159,9o6—
total, $6,507,022. Interest payable at Treasurer's
office. Boston. Royal C. Taft, Pres., Providence R
I.; Benjamin B. Torrey. Treas. & Clerk, Boston,
Mass. General Office. Room 205, Sears Building,
Boston, Mass.

Chatham RR.— Harwich to Chatham, Mass
7.07 m.; total track, 7.84 miles. Gauge, 4 ft. 8i
in. Rail (steel, 7.07 in.). 50 Ibs. Chartered March
1887; opened Nov. 21. 1887. Leased to the Old
Colony RR. Co. Jan.. 1888; lease may be terminated
after Nov.. 1894. Rental for year ending June 30
1S97, $3,074; other receipts, $95— total. $3,169.
Expenses and taxes, $255. Net income. $2,914. Paid
interest on bonds, $1.566. Surplus, $1.348 Capital
stock (par. $100), $68.200: funded debt (bonds of
19(12, $5.800; of 1907. $20.000). $25,800: unfunded
debt. $258; income balance. $7.82!)— total $102 087
Contra: Cost of road, etc., $99.436; stocks, etc.,
$l.i>r>6; assets. $1,595— tetal. $102.087. Interest pav-
:ible at Boston. Trustee of bonds: Boston Safe
Deposit and Trust Co., Boston, Mass. Osborn Nicker-
son. Pres., Chathamport, Mass.; Charles Bassett.
rreas.. South Chatham, Mass. General Office,
Chatham, Mass.

Colchester Ry.— Turnerville to Colchester,
lonn., 3.59 m.; total track, 4.49 miles. Chartered In
187o; opened in 1876; leased for 99 years to the
N. Y N. II. & II. RR. Co. Capital stock (par, $100),
$50,000; funded debt (see page 581). $25.000— total
representing cost, $75.000. Erastus S. Day, Pres.
Colchester, Conn.

™.,py niul ^orrralk RR.— Danbury to
i,Yi SOJ."5 , 1>0,)nt' ('onn-- 2(3-28 m-: Branchville to
3.97 m.-total. 30.25 m.; total track
(steel). 49.47 miles. Chartered May. 1849. (See
Manual for 1892.) Leased for 99 years, from July
1892. to the New York, New Haven and Hartford
S. Co., for interest on bonds and 5 p. c. on stock.
ihe company also owns a branch from Bethel to

Hawleyville, 5.95 m., which Is leased to the She-
paug, Litchfield and Northern RR. Co. Financial
Statement, June 30, 1897.— Capital stock ($50 shares),
$600,000; funded debt (see page 581), $650,000; ac-
crued interest, $14,875; profit and loss, $134,368—
total, $1,399,243. Contra: Cost of road, $1,170,271;
equipment, $228,972— total, $1,399,243. Interest pay-
able at New Haven, Conn. The stock is being ex-
changed for New Haven shares (see page 581). Trus-
tee of bonds: State Treasurer. F. St. John Lock-
wood, Pres., Norwalk, Conn.; Charles E. Robinson,
Treas.; W. E. Barnett, Sec., New Haven, Conn.
Corporate Office, New Haven, Conn.

Harlem River and Portchester RR.—

New Rochelle to Harlem River, N. Y.. 11.5 m. ; 2d
track, 11.5 m.; total track (steel, 58.82 m.), 69.68
miles. Rail, 60 to 74 Ibs. Chartered April 23, 1866;
road opened Nov. 24, 1873. Leased to N. Y.,
N. H. & H. RR. Co., Sept. 30, 1873; rental, Interest
on bonds. Capital stock (auth., $1,000,000; par, $100)
paid in. $42.550; funded debt (see page 581). $3,000.-
000; unfunded debt, $5,117,878— total, $8.160,428.
Contra: Cost of road, etc., $8,160,348; cash, $80—
total, $8,160,428. John M. Hall, Pres.; Charles P.
Clark, Vice-Pres.; W. L. Squire, Treas.; William E.
Barnett, Sec. Corporate Office, Grand Central Sta-
tion, New York, N. Y.

Holyoke and Westfleld RR.— Holyoke to
Westfield, 10.32 m.; total track, 24.49 miles. Char-
tared in 1870; opened throughout In 1879. Leased in
perpetuity to N. H. & N. RR. Co., and lease as-
signed to the N. Y., N. H. & H. RR. Co. Rental.
50 p. c. of gross earnings, with a minimum of $11.600
annually. Income, year ending June 30, 1897, $34,-
012; expenses and taxes, $1,560; net Income, $32,-
452. Paid dividend (5 p. c.), $13,000; interest on
bonds, $11,600; other charges, $8,000— total, $32,600.
Capital stock, $260,000; funded debt (see page 581),
$260,000; income balance, $64,511— total, $584,511.
Contra: Construction, $522,269; other assets, $62,242.
W. B. C. Pearsons, Pres.; C. Fayette Smith, Treas.;
T. B. O'Donnell, Sec., Holyoke, Mass. General
Office, Holyoke, Mass.

Honsatonic RR.— Bridgeport, Conn., to State
Line, 74.97 m.; Brookfleld June, to Danbury, Conn.,
5.36 m.; Botsford to Huntington, Conn., 9.79 m.—
total, 90.12 m.; total track (steel; 60 to 70 Ibs.),
110.68 miles. Chartered In May, 1836, and road com-
pleted Dec. 1, 1842. (See Manual for 1892.) Leased
for 99 years from July 1, 1892, to the N. Y., N. H.
& H. RR. Co., the lessee assuming all obligations
on account of interest, rentals, etc., and guarantee-
ing dividends of 1 p. c. per annum on preferred stock.
Financial Statement, June 30, 1897.— Capital stock-
common, $23,000; preferred, $2,875,800; funded debt
(see page 581). $3.000,000; accrued interest on bonds,
not yet payable, $25,421; N. Y., N. H. & H. RR. Co.,
lessee, $1,193,104— total, $7,117,325. Contra: Cost of
road and equipment, $6,785,182; other Investments,
$178,481; accrued rental due from lessee, $25,421:
profit and loss, $128,241— total, $7,117,325. The pre-
ferred stock was issued in 1888, in exchange for old
preferred, and to settle past accumulation of divi-
dends on preferred stock, holders receiving 100
p. c. extra in the new stock. Common stock is
exchangeable for preferred at the rate of 1 shars
of the latter for 1J of the former. Preferred stock is
non-cumulative, but has preference for 4 p. c.
dividend in priority to common. On March 29, 1898J
this company was merged into the N. Y., N. H. &

XntitasUet Beach RR.— Nantasket June, to
Pemberton, Mass.; 6.95 m.; 2d track, 6.88 m.; total
track, 17.66 miles. Gauge, 4 ft. 8i in. Rail (steel,
17.10 m.), 56 Ibs. Reorganization of a company of
the same name, whose property was sold under fore-
closure Jan. 7, 1884. (See Manual for 1891.) Leased
in 1888 to the Old Colony RR. Co., for 99 years, at
a yearly rental of $6,250. Lessee has the option
under the lease of purchasing the property after the
maturity of the bonds In 1901, for the sum of $150,-
000. Early in 1895 this line was equipped as an
electric road, and has been so operated since June
30, 1895. Funded debt (1st mtge. 6 p. c. 20-yr. bonds,
due Oct. 1, 1900, interest April and Oct., at Boston
Safe Deposit and Trust Co., Boston), $250,000, repre-
senting cost, etc. Arthur W. Moors, Trustee, Boston.
General Office, Pemberton (Hull), Mass.

Xansatnck RR.— Naugatuck June, to Winsted,
Conn., 56.55 m.: Watertown to Waterburv, Conn.,
4.44 m.— total. 60.99 m.; 2d track, 5.40 m.; sid-
ings, 22.46 miles. Gauge, 4 ft. Si in. Rail (steel,

POOR'S MANUAL— NEW YOKK, NEW HAVEN AND HARTFORD SYSTEM. 585

86.26 m.), 56 to 60 Ibs. Chartered in May, 1845;
opened through, Sept. 24, 1849. Leased for 99 years
from April 1, 1887, to the N. Y., N. H. & H. RR.
Co.; rental, bond interest and 10 p. c. dividends, the
latter payable semi-annually, Jan. and July. Finan-
cial Statement, June 30, 1897.— Capital stock, $2,000,-
000; funded debt (see page 581), $150,000; accrued
Interest, $500; profit and loss, $272,784— total, $2,-
423,284. Contra: Construction, $2,024,697; equip-
ment, $297,087; real estate, $101,500— total, $2,423,-
284. Interest payable at the Treasurer's office, New
Haven. Trustee of bonds: State Treasurer. William
D. Bishop, Pres. & Sec.. Bridgeport, Conn.; William
L. Squire, Treas., New Haven, Conn. General Office,
New Haven, Conn.

New Haven and Derby RR.— New Haven
to Ansonia, Conn., 12.90 m. ; Derby to Huntington,
Conn., 3.79 m.— total, 16.69 m. ; sidings, etc., 8.89
miles. Gauge, 4 ft. 8i in. Rail (steel, 25.25 m.), 56,
60, 62, and 67 Ibs. Chartered in May, 1864; main
line opened Aug. 1, 1871; branch, Nov. 14, 1888.
Leased for 99 years from July 1, 1892, to N. Y., N. H.
& H. RR. Co. Rental, interest on bonds and divi-
dends of 3 p. c. for the first three years, and 4 p. c.
thereafter. Financial Statement, June 30, 1897.—
Capital stock (shares, $100; auth., $700,000), $447,000;
funded debt (see page 581), $1,280,000; accrued inter-
est, $23,354; profit and loss, $9,713— total, $1,760,067.
Contra: Construction, $1,559,392; equipment, $200,-
675— total, $1,760,067. John M. Hall, Pres.; W. E.
Barnett, Sec.; C. E. Robinson, Treas. General Office,
New Haven, Conn.

New Haven and Northampton RR.— New

Haven, Conn., to Conway June., Mass., 94.64 m.;
Farmington -to New Hartford, Conn., 14.09 m.; North-
ampton to Williamsburg, Conn., 7.51 m.; South Deer-
field to Turner's Falls. Mass., 10.07 m.— total, 126.31
m.; sidings, etc., 50.03 miles. Rail (steel, 170.80 m.),
60 Ibs. Organized in May, 1836. (See Manual for
1891.) Leased from April 1, 1887, for 99 years, to
the N. Y., N. H. & H. RR. Co., which owns a
majority of the stock; rental, bond Interest, taxes,
and 4 p. c. dividends. Interest payable at the National
Tradesmen's Bank, New Haven. Financial State-
ment, June 30, 1897.— Capital stock (shares, $100;
auth., $5,000,000), $2,460,000; funded debt (see page
581). $3,900.000; profit and loss, $514.346— total. $6.-
874,346. Contra: Construction and equipment. $6,582,-
017; H. & W. RR. stock, $20,000; Southington Water
Co. stock, $1,000; sinking fund trustees, $270,000;
cash, $1,329— total, $6,874,346. C.N. Yeamans, Pres.;
John M. Hall, Vice-Pros.; E. A. Ray, Sec. & Treas.
General Office, Railroad Office Building, No. 214, New
Haven, Conn.

Old Colony RR.— Boston, Mass., to Newport,
R. I., 67.79 m. ; Mayflower Park to Somerset June.,
Mass., 36.30 m.; Middleborough to Provincetown,
Mass., 85.67 m.; Raynham to Whittenton June.,
Mass., 3.38 m.; Braintree to Kingston, Mass., 32.34
m.; South Braintree to Plymouth, Mass., 26.04 m. ;
Framingham to Lowell. Mass., 26.12 m.; New Bed-
ford to Fitchburg, Mass., 91.25 m.; Neponset to Mat-
tapan, Mass., 3.3 m.; Stoughton Branch June, to
Stoughton, Mass., 1.65 m.; Harrison Square, Mass.,
to Shawinut and Milton June., 2.39 m.; Whitman,
Mass., to Brldgewater Iron Works, 6.12 m.; Elmwood
to Westdale, Mass., 0.75 m.; Atlantic to Braintree,
Mass., 5.41 m.; South Yarmouth to Hyannis, Mass.,
5.05 m.; Buzzard's Bay to Woods Holl, Mass., 17.54
m.; Tremont to Fairhaven, Mass., 15.17 m. ; North
Abington to Hanover, Mass., 7.8 m. ; Matfield to
Huston, Mass., 7.56 m.; extension to Plymouth and
Middleborough RR., in Middleborough, Mass., 0.42
m.; Middleborough, Mass., to Middleborough and
Taunton June., 8.04 m.; Attleboro' Branch June, to
Attleborough, Mass., 8.60 m.; Attleboro' Branch
June, to Whittenton, Mass., 0.98 m.; Pratt's June,
to Sterling June., Mass.. 5.03 m.; Lancaster Branch
June, to Lancaster Mills, Mass., 1.63 m.; Marl-
borough June, to Marlborough, Mass., 1.47 m.; South
Framingham to Woman's Reformatory, Mass.. 0.62
m.; Walpole June, to North Attleborough, Mass.,
12.85 m.; Walpole June, to Norwood June., Mass.,
5.76 m.; Fall River, Mass., to Warren, R. I.. 7.95
m.; connection with P. & W. RR. in Mass., 0.22 m.;
Fall River to New Bedford, Mass., 12.25 m.— total,
507.45 miles. 2d track. 155.42 m.; 3d track, 5.12
m. ; 4th track, 3.66 m.; sidings, 222.35 miles. Gauge,
4 ft. 8J in. Rail (steel, 894.0 m.), 50 to 78 Ibs.;
iron. 56 Ibs. A condensed history of this company
was published in the Manual for 1885. (See also
Manual for 1893.) The Fall River RR. Co. was
consolidated into this company on Nov. 12, 1896,

under the terms shown in the Manual for 1897,
page 562. The company leased at various periods,
and under terms shown in separate statements, the
Boston and Providence RR., the Nantasket Beach
RR., the Fall River RR., the Attleborough Branch
RR., the Chatham RR., the Plymouth and Middle-
borough RR., and the Providence, Warren and Bristol
RR. (See statements for those companies.) The
company owns a controlling interest in -the Old
Colony and the New Bedford, Martha's Vineyard and
Nantucket Steamboat Cos. In Feb., 1893, the Old
Colony system of railroads was leased to the New
York, New Haven and Hartford RR. Co., for 99 years
from March 1, 1893, the lessee assuming all liabilities
of this company and agreeing to pay as rental 7 p. c.
dividends on stock. The agreement also provided
for an exchange of stocks on the basis of nine shares
of New Haven for every ten shares of Old Colony,
and under this agreement 55,180 shares of Old Colony
were exchanged for 49,662 shares of New Haven
stock. The New Haven Co. began operating this
system on July 1. 1893. Income Account, year ending
June 30, 1897.— Rental received, $1,840,623.77. Paid
expenses of organization, $11,117.15; interest on
bonds and floating debt, $693,480.12; dividend (7
p. c., payable July 1 and Oct. 1, 1896, Jan. 1 and
April 1, 1897), $1,136,026.50— total, $1,840,623.77.

General Balance Sheet (0. C. US.), June 30, 1897.

Dr.

Cost of Road $27,3ir,001 19

Cost of Equipment 3,161,518 83

Stocks Owned 1,539.179 94

Boat. & Prov. RR. Co., Imp. Acct 2,838.774 05

Providence Terminals 74,016 78

Bills Receivable 35,322 06

Cash -. 307,041 58

Debit Balances 55,827 00

Total Assets $35,414,681 43

Cr.

Capital Stock (auth., $20,000,000) $16,508.900 00

Liability on Outstanding Stock Old Cos. 8,725 00

Funded Debt (see page 581) 14,791.200 00

Bills Payable 1,019,000 00

Credit Balances 88,277 05

Dividends Unpaid 16.406 11

Dividend due July 1, 1897 288,905 75

Coupons and Accrued Interest 252,456 01

Premium on Stock and Bonds Sold 1,668.705 11

Surplus Account 772,106 40

Total Liabilities $35,414.681 43

"Stocks Owned": Old Colony Steamboat stock,
$1,277,500; New York, Providence and Boston and
Old Colony RR. Terminal Co. stock, $52,850; Provi-
dence, Warren and Bristol RR. stock, $.1,600; New
Bedford, Martha's Vineyard and Nantucket Steam-
boat stock, $15,340.83; Union Freight RR. stock.
$79.014.42; Fall River RR. Co. stock, $245; Lowell
and Framingham RR. Co. stock. $10.529.69; Sea View
Hotel and Wharf Co. stock, $2.02(1; Oak Bluffs Land
and Wharf Co. stock, $80; the Boston Terminal Co.
stock, $100,000— total, $1,539,179.94.

The net charges to construction and property ac-
counts for the year are $1,250,721.27 after deducting
amounts received for grade crossings, and certain
corrections of previous accounts. To meet this ex-
penditure 6,000 shares of stock were sold for $1.-
045.148.20, and $1,444,000 of 4 p. c. bonds for $1.-
484,494.40, making the proceeds of both sales $2.-
529,642.60. Hut $1.448.000 of the proceeds of bond
sale was used in paying off bonds and notes, leaving
$1,081.642.60 applicable to the charge on capital
account.

The floating debt at the close of the year was
$844,000, incurred in part for improvements, and in
part to provide means for the payment of bonds due
Sept. 1, 1896, when it proved impossible to sell bonds
for refunding. Of these notes $482,000 have been
paid since the accounts were closed.

The full amount expended for the abolition of grade
crossings during the year was $1,865,953.34, and $1,-
043,738.55 was repaid by the State, and by cities
and towns.

Of the bonds ($3,000,000) authorized by the stock-
holders at the meeting in Sept., 1896. $2.900,000
have been issued— $2,200,000' to refund debt maturing

586

POOR'S MANUAL OF RAILROADS— EAILEOAD "SYSTEMS."

In AUK and Doc , 1897, $200,000 to replace the bonds
of tiff Fall River RR. Co., and $500,000 to pay for
improvements. At the annual meeting, held bept.
28 1897 the stockholders authorized an issue or
bonds to an amount not exceeding $1,000,000, to bear

4 p. c. interest and to mature in 1925, these bonds
to be used in discharging certain debts of the com-
pany and in providing for improvements and addi-
tions to the property, Including the abolition of grade
crossings.

Board oj Directors, Old Colony ER. Co., elected Sept. 28, 1897.

Charles P. Choate.Southboro', Mass.
Thos. J. Borden. . .Fall River, Mass.
John S. Brayton... "

Charles P. Clark. New Haven, Conn. I Charles L. Levering.. Taunton, Mass.

Thomas Dunn Newport, R. I.

Geo. A. Gardner Boston, Mass.

John J. Russell. . . .Plymouth, Mass.
Joshua M. Sears Boston, Mass.

Nathaniel Thayer Lancaster, Mass.

CHARLES F. CHOATE, President Boston, Mass.

7>«aswm--Benjamin B. Torrey Boston, Mass. | Clerk-A. H. Litchfleld Boston, Mass.

PRINCIPAL OFFICE AND ADDRESS Boston, Mass.

Pavftuxet Valley RR.— Pontiac, R. I., to
Hope, R. I., 5.67 m. ; total track, 7.08 miles. Char-
tered Aug. 27, 1872; opened Aug. 1, 1874. Leased
to N. Y., P. & 13. RR. Co. for 99 years from July 1,
1884, and lease assigned to the N. Y., N. H. & IL
RR. Co. The lessee pays the interest on the bonds
and turns over to the lessee an amount equal to 7
p. c. on the capital stock. Dividends paid in 1896-97,
61 p. c. Financial Statement, June 30, 1897.— Capi-
tal stock, $100,900; funded debt (see page 581), $160,-
000— total, $260,900. Contra: Cost of road, etc.,
$260,900. Henry Howard, Pres.; William H. Pope,
Clerk & Treas., Providence, R. I. Corporate Office,
Providence, R. I.

Plymouth and Middleborougli RR.— Ply-
mouth to Middleborough, Mass., 15.03 in.; total track
(steel; 56 Ibs.), 15. 9S miles. Chartered March 20,
1890; road opened Dec. 4, 1892. Leased for 99 years
from Jan. 1, 1892, to the Old Colony RR. Co.; no
rental for first 25 years of the lease; beginning Jan.
1, 1917, lessee will pay as rental a portion of net
earnings. Meanwhile interest on bonds is paid by the
lessee. Financial Statement. June 30, 1897.— Capital
stock (shares, $100), $80,000; funded debt (see page
581), $225,000— total, representing cost, $305,000.
Interest on bonds payable at the Continental Nat.
Bk., Boston. T. D. Shumway, Pres. & Treas.; B. A.
Hathaway, Clerk, Plymouth, Mass. General Office,
Plymouth, Mass.

Providence and "Worcester RR.— Provi-
dence, R. I., to Worcester, Mass., 43.40 m.; Valley
Falls to East Providence, 7 m. — total, 50.40 miles.
2d track, 48.98 m.; 3d track, 3.8 in.; 4th track, 3.8
m.; total track, 168.62 miles. Between Providence
Passenger Station and Boston Switch, 5 m., the
roadbed and tracks are owned jointly with the
Boston and Providence RR. Co. Gauge, 4 ft. 8i
in. Rail (steel, 167.75 m.), 60. 72, and 78 Ibs".
Consolidation, Nov. 4, 1845, of two companies of the
same name chartered in 1844. Main line opened in
Oct., 1847; branch iu 1875. Leased for 99 years from
July 1, 1892. to the N. Y., N. H. & H. RR. Co., at
an annual rental of 10 p. c. on the capital stock.
Income, year ending June 30, 1897.— Rental, $446,000;
other 'receipts. $1.516— total, $447,516. Paid interest
on bonds. $90.000; dividends (10 p. c.). $350,000;
organization expenses, $5,767; leaving surplus, $1,749.
Capital stock ($100 shares), $3,500,000; funded debt
(see page 581), $1,500.000; income balance, $214.924—
total, $5,214,924. Contra: Cost of road, etc., $5.105,-
137; other assets, $109,786— total, $5,214.924. Moses

B. I. Goddard, Pres.; William A. Leete, Clerk &
Treas., Providence, R. I. General Office, Lauderdale
Building, 144 Westminster St., Providence, R. I.

Providence, Warren and Bristol RR.—

East Providence to Bristol, R. I., 13.6 m. ; India
Point Branch, 0.75 m.— total, 14.35 m.; 2d track,
7.77 m.; total track, 29.66 miles. Gauge, 4 ft. 8i In.
Rail— iron, 56 Ibs.; steel (26.13 m.), 69 and 70 Ibs.
Chartered as the Providence and Boston RR. Co.,
Oct., 1850; name changed June, 1852. Opened In
July, 1855. Leased to the Old Colony RR. Co., for
95 years and 9 months from July 1, 1891; lessee to
pay 5 p. c. on common and 5 p. c. on preferred stock
for ten years, and 6 p. c. on each during the re-
mainder of lease; also to pay interest and taxes, and
$500 per annum for salaries. Financial Statement,
June 30, 1897.— Capital stock (shares, $100), pre-
ferred, $150,000; common, $287,300; notes payable,
$38,618; other debt, $11,876; profit and loss, $21,997—
total, $509,791. Contra: Cost of road, etc., $497.411;
cash assets, $12,380— total, $509,791. Charles F.
Choate, Pres.; Benjamin B. Torrey, Treas., Boston,
Mass.; George L. Greene, Sec., Providence, R. I.
General Office, Room 205, Sears Building, Boston,
Mass.

Stookbridge and Pittsfteld RR — Vandeu-
senville to Pittsfleld, 22.02 m. ; total track (steel,
32.32 m.), 33.27 miles. Chartered March 20, 1847;
opened Jan. 1, 1850. Leased to N. Y., N. H. & H.
RR. Co., April 1, 1893, for 99 years. Lessee to pay
all expenses and taxes and 6 p. c. on capital stock.
Old lease to Housatonlc RR. Co. not cancelled, but
suspended. Receipts, year ending June 30, 1897,
$27.376; expenses. $321; dividends (6 p. c.), $26,922;
surplus, $133. Capital stock (shares, $100), $448,700;
dividends unpaid, $140; profit and loss, $9,836— total,
$458,676. Contra: Construction, etc., $448,700; other
investments, $2,550; sundry assets, $7,426— total,
S458.676. D. R. Williams, Pres.; D. A. Klmball,
Sec. & Treas., Stockbrldge, Mass. General Office,
Stockbridge, Mass.

"West Stockbridge RR.— West Stockbridge

to State Line of New York, 2.64 m.; total track,

4.35 miles. Chartered April 5, 1836; road opened

Aug. 10 1838. Leased to the N. Y., N. II. & H. RR.

Co. at a rental of $1,800. Dividends, IH97, 4} p. c.

Capital stock, $39,600; profit and loss, $43*— total,

$40,054. Cost of road, $39,600; cash and other

assets, $454— total, $40,054. John M. Hall, Pres.;

, H. M. Kochersperger, Treas.; Wm. E. Barnett, Sec.,

j New Haven, Conn. General Office, New Haven, Conn.

Board of Directors, N. Y., N. E. & E. RR. Co., elected Oct. 20, 1897.

William D.Bishop.Bridgeport.Conn.
Henry C. Robinson. Hartford, Conn.
Charles I'. Clark. .New Haven, Conn.

Joseph Park New York, N. Y.

Chauncey M. Depew " "

Henry S. Lee Springfield, Mass

William Rockefeller. New York.N.Y.
Leverett Brainard . .Hartford, Conn.
J. Pierpont Morgan. New York, N.Y.
Geo. M. Miller

Nathaniel Thayer Boston, Mass.

Royal C. Taft Providence, R. I.

Chas. P. Brooker. Torrington, Conn.

Carloe French Seymour, Conn.

John M. Hall.... New Haven, Conn. Geo. J. Brush New Haven, Conn.

Charles F. Choate Boston, Mass. I I. DeVer Warner. Bridgeport. Conn.

Arthur D. Osborne New Haven, Conn.

CHARLES P. CLARK, President New Haven, Conn.

John M. Hall, Vice-President " "

Treasurer— William L. Squire New Haven, Conn. | Comptroller— H. M. Kochersperger. . New Haven, Conn.

PRINCIPAL OFFICE AND ADDRESS New Haven, Conn.

POOR'S MANUAL — NEW ENGLAND BR. CO. 587

NEW ENGLAND RAILROAD COMPANY.

(CONTROLLED BY THE N. T., N. H. & H. RR. Co., THROUGH OWNERSHIP OP MAJORITY OF

CAPITAL STOCK.)

p D A ( Boston, Mass., to Hopewell Junction, N. T 214.98 miles.

Mam Lines of Koad: j Wicopee N Y., to Fishkill Landing 1.71 "

Providence Branch : Willimantic, Conn., to Providence, R. 1 58.32 m.

Springfield Branch : East Hartford, Conn., to Springfield, Mass 28.31 m.

W oonsocket Branch : Cook St., Newton; to Woonsocket 28.67 m.

frouthbridge Branch : East Thompson, Conn., to Southbridge 17.36 m.

Melrose Branch : Melrose, Conn., to Rockville, Conn 7.22 m.

Dedham Branch : Dedhain Junction and Islington to Dedham 3.63 m.

Dorrance St. Br.: Prov'nce, R. I., 0.62 ; Freight Br.: Hartford, 0.67 ; 1.29 m.— 144.70 (
' Norwich &W. RR.: Allyn's Pt. toWorcester, Mass. 66.16 m.

R.l.&M. RR.: Franklin, Mass., toValley Falls,R.1. 13.59 m.

Rockville RR.: Vernon, Conn. , to Rockville, Conn. 4.43 in.

Leased Lines

Mil ford & W. RR.: Bellingham to Ashland, Mass. 15. 32 m.

*t .— T-. v «• , T-» _ ii» ____i_ ~\r A />er

M., F. & P. RR.: Franklin to Bellingham, Mass. 4.65 m.
Prov.& Spring. RR.: Providence to Douglas June. 27. 73 m.
i. Woon.&PascoagRR.: Woonsocket to Harris ville. 9.45 m.— 141.33 '
(New., D. & Ct. RR.: Hopewell June, to Wicopee, N. Y.10.95 m.

Trackage : \Boston and Albany RR.: In Springfield, Mass 0.59 m.

(New London North RR.: Norwich to New London, Ct.. 13.50 m.— 25.04 "

Total (owned, 361.39 m. ; leased, 141.33 m.; trackage, 25.04 m 527.76 miles.

2d track, 114.34 m.; sidings (owned, 181.66 m.; leased, 41.66 m.), 223.32 miles. Gauge, 4 ft.
8| in. Rail (steel), 60, 66, 75, and 79 Ibs.

The transfer steamer Wm. T. Hart, owned by the company, operates between Newburgh,
N. Y., and Fishkill Landing, N. Y., a distance of 0.79 mile.

The company controls through its lease of the Norwich and Worcester RR. the Norwich
and New York Transportation Oo.'s line of steamers, between Norwich, New London, and
New York, 125 miles. The total number of miles of transportation lines controlled by the
New England RR. Co. is 653.55 miles.

The tracks of Hie Newburg, Dutchess and Connecticut RR. were used under a contract,
which expired on May 1, 1898, at a minimum yearly rental of $36,000. No information as to
renewal.

History. — Organized Aug. 26, 1895, as successor to the New York and New England RR.
Co., whose property was sold under foreclosure on July 9, 1895. The new company assumed
possession on Sept. 1, 1895. (See MANUAL for 1895, page 561 ; MANUAL for 1896, page 679,
and MANUAL for 1897, page 564.)

The Boston Terminal Co. has contracted for the construction of its new terminal station at the foot of
Summer
its comj

The

Boston, taken by the Boston Terminal Co. ($1,923,500 as stated in the MANUAL for 1897) has been paid. Of
this amount, $914,000 was devoted to the extinguishment of liens underlying this company's title to these
lands, and $468,217.23 expended for permanent improvements, leaving a balance of $541,282.77. This balance
is applicable, under the terms of the release of interest in this property by the trustees of the mortgage of
the New England RR. Co., only to the elimination of grade crossings, to new freight houses, or to improve-
ments of a similar character for the benefit of the property covered by the mortgage. It is included in the
amount shown as Cash in the Treasury in the general balance sheet.

The following is a detailed statement of the disposition made of the $914,000 of proceeds of sale of lands
to the Boston Terminal Co. which was devoted to the extinguishment of underlying liens on those lands, as
stated before: On Richardson's Wharf, $300,000; Piper's Wharf, $200,000; Curtis' and Drake's Wharf, $214,000;
trustees 1st mtge., N. Y. & N. E. RR. Co., $200,000— total, $914,000.

The following disposition was made of the $214,000, appropriated to extinguish the liens on Curtis' and
Drake's Wharves: There was paid for land on B Street, South Boston, $94,000. To this land was transferred
a portion of the lien of the New York and New England Boston Terminal mtge. bonds on Curtis' and Drake's
Wharves. A contract for another parcel of land in South Boston to cost $183,000 has been made with the
Boston Wharf Co. The title to this land cannot be acquired until April 2, 1899. Towards this purchase
money $120,000 has been deposited with the American Loan and Trust Co., trustee of the New York and New
England Boston Terminal mtge., to be appropriated to the payment for this land when the conveyance is
made. The balance of the terminal lien on Curtis' and Drake's Wharves will then be transferred to this
parcel. These two sums equal the $214,000 shown by the statement.

The $200,000 deposited with the Boston Safe Deposit and Trust Co. as trustee of the 1st mtge. of the
N. Y. & N. E. RR. Co., was for release of its interest in the entire tract of the railroad company's land taken
by the Boston Terminal Co. Expenditures from this fund have been made as follows: For bridge for change
of road crossing at Norwood, Mass., in part, $6,640; payment of underlying mtges. on land at Springrfield,
Mass., and Hartford, Ct., in part, $20,000; on account cost of freight houses at South Boston, Mass., $47,369.27
—total, $74,009.27. Leaving still on deposit $125,990.73 applicable to permanent improvements to be made
upon property covered by that mortgage. This amount being charged to the Boston Safe Deposit and Trust
Co. is not included in the cash assets of the company, as given in the balance sheet.

During the past year this company laid a third rail on one of its tracks and prepared the track between

588 POOR'S MANUAL OF RAILROADS— RAILROAD " SYSTEMS."

Hartford and New Britain for operation by electricity. It has been so operated since May 24, 1897, and its
efficiency has been such that the company is now extending the third rail towards Bristol.

The Norwich and Worcester KR. Co., under date of Feb. 9, 1869, leased its- property for 99 years to the
Boston, Hartford and Erie RR. Co., to which the New England RR. Co. is successor. Under an agreement,
dated Dec. 31, 1890, this lease has been amended so as to provide for an extension of the Norwich and
Worcester RR. from Norwich to Groton, Ct., and for subjecting that extension, and also the property of the
Norwich and New York Transportation Co. (all of whose share capital, $500,000, ia now owned by the Norwich
and Worcester RR. Co.), to the terms of the lease to the New England RR. Co. It is agreed that the New
England RR. Co. may sublet or sell any part of the demised property not needed for the use of the railroad
or steamboats, including the repair shops at Norwich, provided the terms of any sale of real estate shall be
approved by the directors of the Norwich and Worcester RR. Co., and provided that the proceeds of such sale
shall be deposited in some Trust Company to the credit of an improvement fund to be applied by the New
England RR. Co. to such improvement of the leasehold estate as may be approved by the directors of the
Norwich and Worcester RR. Co. It was agreed that the Norwich and Worcester RR. Co. should, from time
to time as needed, issue its bonds or stock, or both, to an amount sufficient for the following purposes: (a)
To pay for the construction and reconstruction of the railroad between Norwich and Groton; (o) to pay
for such permanent improvements on the demised property as may be approved by the directors of the Nor-
wich and Worcester RR. Co.; (c) to discharge the floating debt of the Norwich and Worcester RR. Co. and
the indebtedness of the Norwich and New York Transportation Co., guaranteed by the Norwich and Worcester
RR. Co. ; and ((?) to take up or renew the outstanding bonds of the Norwich and Worcester RR. Co.

In accordance with the amended lease, the bonded and floating debt of the Norwich and Worcester RR.
Co., $689,409.92, and the floating indebtedness of the Norwich and New York Transportation Co., $285,000,
have been funded by the issue of $955,000 of bonds of the Norwich and Worcester RR. Co.

The New England RR. Co. agrees to pay as rental for the demised property the interest on the bonds
issued or to be issued under the terms of the amended lease and 8 p. c. per annum, payable quarterly, upon
the capital stock of the Norwich and Worcester RR. Co.

The cost of a proposed extension of the Norwich and Worcester RR. from Allyn's Point to Groton, to a
connection with the New York, New Haven and Hartford RR., for which a survey haa already been made,
will be provided by sale of Norwich and Worcester RR. bonds.

The leases of the Milford and Woonsocket RR., and of the Milford, Franklin and Providence RR., expired
by their terms in April, 1897. New leases have been made of these properties for 5 years from April 1, 1897,
at the same rental, $6,000 per year, and on substantially the same terms, except as to division of rental
between the two roads.

The relations between the company and its other leased lines have not been changed during the year.

The United States Express Co. assigned its rights to the Adams Express Co., and the temporary arrange-
ment for express business was cancelled. A contract has been made with the Adams Express Co. for 5 years
from July 1, 1897, on the basis of 40 p. c. of the gross earnings from express business and providing for a
minimum yearly revenue of $144,000 to this company.

On June 15, 1898, a lease of this railroad to the New York, New Haven and Hartford RR. Co., for 99
years from July 1, 1898, at a rental equal to 3 p. c. on the preferred stock, was ratified by the stockholders of
both companies. In addition to the lease it is proposed to exchange the outstanding shares of this company
for common stock of the New York, New Haven and Hartford on the basis of five shares of common stock or
two shares of preferred for one " New Haven " share. See statement for New York, New Haven and Hartford
RR. Co. for fuller information.

Rolling Stock, June 30, 1897. — Locomotives, 199. Cars — passenger, 235 ; baggage, mail
and express, 28 ; freight (box, 1,455; coal, 1,531 ; flat, 254), 3,240 ; caboose, 66 ; other, 498—
total, 4,067. Of this equipment the following is leased: Locomotives, 27. Cars — passenger,
25; baggage, etc., 4; freight (box, 252 ; flat, 21 ; coal, 184), 457; caboose, 7 ; other, 379—
total, 866.

Operations, year ending June 30, 1897. — See tabulated statement on page 589.

Earnings— Passenger $1,671,803 70

Freight 3,163,251 57

Mail and Express • 180,475 72

Miscellaneous 222.659 74

Total ($9,923.43 per mile) 55,237,190 73

Expenses— Conducting Transportation $2,441,815 69

Maintenance of Equipment 601,025 00

Roadway and Structures 759,268 70

General and Taxes 458,98069

Total ($8,073.91 per mile) $4,261,090 08

Net earnings (18.64 p. c.), $976,100.65; add interest, rents, etc., $89,845.60— total, $1,-
065,946.25. Charges : Interest on funded and other debt, accrued, $971,616.20; on current
liabilities, accrued, $25,559.69 ; lease rentals (details following), $308,865.31— total, $1,308,-
041.20. Deficit, $242,094.95 ; surplus forward, $7,326.05 ; net deficit, $234,768. Add worth-
less accounts charged off, $227.50. Deficit as per general balance sheet, $234,996.40.

General Balance Sheet, June 30, 1897.

Cost of Road, etc.. ......$27,768,171 67

Mtges., N. Y. & N. E.

RR. Co 11,500,000 00— $39,268,171 67

Stocks and Bonds of Other Companies... 1,333,000 00

Materials and Supplies 369,840 27

Due from Agents 218,258 36

Due from Companies and Individuals 108,855 52

Not Traffic Balances 64,147 23

Cash in the Treasury 904,315 51

Expenses Chargeable Next Y7ear 129,594 12

Profit and Loss 234,996 40

Total Assets $42,631,179 08

Capital Stock — Common $20,000,000

Capital Stock— Preferred 5,000,000— $25,000,000 00

Funded Debt 16,500,000 00

Notes Payable ; 100,000 00

Current Liabilities 1,103,47908

Accrued Interest and Rentals 27,700 00

Total Liabilities $42,631,179 08

The cost of the road has been reduced during the year by the sum of $2,723,487.42 (net
receipts from the reorganization committee and the receivers, $2,162,252.62 ; 'balance
remaining from the sale of the terminal lands in Boston, included in the item Cash in the

POOR'S MANUAL — NEW ENGLAND RR. CO.

589

Treasury, $541,282.77 ; value of the old material removed from this land, $19,952.03) and
increased by the sum of $486,659.09 (value of mtge. note on Curtis Wharf, $55,163.33;
sundry small improvement expenses at Providence, $374.57: expenditures for land and im-
provements, $431,121.19), a net reduction of $2,2C6,C28.33.

The item shown iu the balance sheet as " Stocks and Bonds of Other Companies " is com-
posed of the following securities : Cost of 2,000 shares of the capital stock of the Woonsocket
and Pascoag RR., $100,000; capital stock of the Boston Terminal Co., 1,000 share?, $100,000;
par value of 750 1st mtge. 5 p. c. bonds of the Providence and Springfield RR. Co., $750,000;
par value of 383 mtge. bonds of the New England Equipment Co., $383,000 — total, $1,333,000.

Statement of operations, etc., for seven fiscal years :

1891
Dec. 31.

1892
Dec. 31.

1893

Dec. 31.

1894

Dec. 31.

1895

June 30.

1896

June 30.

1897

June 30.

Miles of Road Operated

508.08
2,172,644
2,395,040
8,504,202
102,033,215
3,279,981
317,897,541

$

2,154,228
2,646,509
428,293

515.60
2,215,256
2,462,769
9,006,826
105,939,077
3,328,a39
313,164,781
*
2.169,154
3,633,865
417,476

545.19
2,177,801
2,684,930
8,708.851
103,039,003
3,374,406
323,324,161

2,047,923
3,528,063
443,223

558.69
2,141,701
2,059,768
7,999,796
89,492,476
3,108,478
308,885,605
$
1,778,880
3,261,998
434,751

558.69
2,125,233
2,018,042
8,237.86£
93,124,525

3,414,873*

341,809,048
$
1,814,809
3,573,378
478,840

555.06
1,976,083
1,794,799
8,312,472
96,395,106
3,382,043
326,336,344
$
1,874,430
3,633.293
436,356

527.76
1,818,453
1,470,935
7,078,092
84,749,948
3,077,243
294,339,760
$
1,671.804
3,162,251
403,136

Passenger Train Miles

Freight Train Miles

Passengers Carried

Passenger Miles

Freight (tons) Moved.

Freight (ton) Miles
Passenger Earnings

Freight Earnings

Other Earnings

Gross Earnings

6,229,030
4,578,113

6,220,495
4,666,550

6,019,209
4,714,450

5,475,629
4,180,500

5,867,027
4,289,016

5,944,079
4,508,968

5,237,191
4,261,090

Gross Exp. and Taxes

Net Earnings . .

1,650,918
7,204

1,553,944
5,355

1,304,759
6,351

1,295,129
4,170

1,578,011
6,151

1,435,111
25,045

976,101
89,845

Other Receipts

1,658,122

1,096,856
460,240
210,000

1,559,299

1,115,542
476,479

1,310,110

1,114,410

492,751

1,299,299

1,091,781
488,227

1,584,162

1,096,207
485,633

1,460,156

1,008,634
336,447

1,065,946

999,176
308,865

Interest

Lea»e Rentals

Dividends (pref. 7 p. c.)

Other Charges

19,299
- 128.174

12,261 39
9,011 68
3,249 71
73.50 p. c.
2.09 c.
1.15 c.

27,709
- 60,431

11,97370
8,65885
3,31485
75.02 p. c.
2.03 c.
1.16 C.

30,348
- 327,399

11,040 57
8,64735
2,39322
78.32 p. c.
1.99 c.
1.09 c.

29,858
- 310,567

9,80084
7,48268
2,318 16
76.35 p. c.
1.97 c.
1.06 c.

Balance ( + or — )

+ 2,322

10,501 37
7,676 91
8,82446
73.11 p. c.
1.95 c.
1.04 c.

+ 15,075

10,708 17
8,123 39
2,584 78
75.86 p. c.
1.94c.
1.11 c.

- 242,095

9,92343
8,073 91
1,849 52
81.36 p. e.
1.97c.
1.28c.

Gross Earnings per Mile

' Gross Expenses per Mile

Net Earnings per Mile

Expenses to Earnings
Av. Rate per Pass. p. M

Av. Rate p. Ton p. M

Lease Rentals : Rhode Island and Mass. RRs., $20,000 ; Rockville RR., $3,650 ; Milford
and Woonsocket. RR., $3,750 ; Milford, Franklin and Providence RR., $2,250; Woonsocket
and Pascoag RR., $5,000; Providence and Springfield RR., $20,698; Norwich and Worcester
RR. (interest, $31,981.31; dividends, $221,536), $253,517.31— total, $308,865.31.

Funded debt consisted, June 30, 1897, of the following issues :

DESCRIPTION or
BONDS.

DATE or

INTEREST.

Trustees.

Amount
Author-
ized.

Amount
Out-
standing.

Issue.

Maturity.

Rate.

When
Payable.

Where
Payable.

N. Y. & N. E. 1st
Mtge. Cy. Bonds
Boston Term. 1st
Mtge. Bonds
Consol.Mtge. Q'd

1876

1889
1895

Jan. 1, 1906

April 1, 1939
July 1, 1945

p. c.
1*7

4

5

Jan. & July

Apr. & Oct.
Jan. & July

Office of Trus-
tee

Boston Safe Dep. &
Tr. Co., Boston..
American Loan &
Tr. Co., Boston..
Man.TrustCo.,N.Y.

S

10,000,000

1,500,000
17,500,000

\

10,000,000

1,500,000
5,000,000

Co.'s Of. .Bos-
ton, Mass..
Co.'s Of. .Bos-
ton, Mass..

The bonds are for $1,000 each, in coup, form, with privilege of registration. A sufficient amount ($10,-
000,000) of consol. mtge. bonds is reserved for the retirement of the 1st mtge. bonds of the N. Y. & N. E.
RR. Co.

Of these latter, $6,000,000 are 7 p. c. bonds, and $4,000,000 6 p. c. bonds. The consol. mtge. bonds are
guaranteed, principal and interest, by the New York, New Haven and Hartford RR. Co.; but it is provided
that in case of any payment being demanded under this guarantee the bond or bonds for which such demand
shall be made shall be, at the option of the guarantor or of the bondholder, exchanged for debentures of the
guarantor for the same amount, at the same rate of interest maturing upon the same date, and payable in
like gold coin.

590

POOR'S MAXUAL OF RAILROADS — RAILROAD "SYSTEMS.'

RAILROADS LEASED OR OWNED BY THE NEW ENGLAND RR. Co.

Milforcl and AVoonsocket RR.— Length of
line 1533 m., total track (steel, 15.33 m.), 17.23
miles. Kail. 56 Ibs. Chartered May 2, 1855. Road
opened (Milford to Bellingham, 3.96 m.) June 2. I860.
Leased to the N. E. RR. Co., for 5 years from April
1 1897. at a rental of $4.200 per annum. (.See
Manual for 1897, page 566.) Rental, year ending June
30, 1897, $3,600. Paid interest on bonds, $3,000; ex-
penses, $151; leaving surplus, $449. Capital stock
(until.. $200.000). $148,600; funded debt (1st mtge.
6 p. c. 20-yr. bonds, due Dec. 1, 1908, interest
June and Dec.), $60,000— total, $208,600. Contra:
Construction, $173,381; other investments, $3,069;
profit and loss, $32,150— total, $208,600. Interest
payable at First National Bank, Boston, Mass. Win.

F. Draper, Pres., Hopedale, Mass.; Jas. E. Walker,
Sec. & Treas., Milford, Mass. General Office, Mil-
ford, Mass.

Milford, Franklin and Providence RU.
—Length of line, 4.65 m.; total track (steel), 5.63
miles. Road opened Aug. 1, 1883. Leased to the
N. E. RR. Co., for 5 years from April 1, 1897, at a
yearly rental of $1,800. Rental, year ending June 30,
1897, $2,400. Payments: Interest on bonds, $6OO;
dividends, April 28, 1897 (2 p. c.), $2,000— total, $2,-
600. Deficit, $200; deficit forward, $8,471— total,
$8,671. Financial Statement, June 30, 1897.— Capital
stock, $100.000; funded debt (1st mtge. 6 p. c. bonds,
due July 1, 1909), $10,000— total, $110,000. Contra:
Cost of road, $101,308; cash, $21; profit and loss,
$8,671— total, $110,000. Interest payable at Frank-
lin, Mass. James P. Ray, Pres.. Franklin, Mass.;
Win. F. Draper, Vice-Pres., Hopedale, Mass.; Joseph

G. Ray, Treas. ; George W. Wiggin, Sec., Franklin,
Mass. General Office, Franklin, Mass.

Norwich and Worcester RR.— Length of
line, 66.16 m.; total track (steel, 78.27 m.). 92.50
miles. Rail, 60 and 75 Ibs. Consolidation, in May,
1836, of the Boston, Norwich and New London RR.
Co. and the Worcester and Norwich RR. Co. The
company owns the entire capital stock ($500,000) of
the Norwich and New York Transportation Co.
Under date of Dec. 31. 1896. the lease of Feb. 9,
1869 (see Manual for 1897. page 566), was amended
so as to include a proposed extension from Norwich
to Groton, together with the property of the Norwich
and New York Transportation Co., under the terms
of the lease to the New England RR. Co. Full
particulars concerning this amended lease are shown
in the statement for the New England RR. Co.
Rental— interest on bonds issued or to be issued under
the terms of the amended lease and 8 p. c. per
annum upon the capital stock. Income, year 1896-97'
Rental, $245.536; other. $756— total, $246,292. Paid
interest on bonds. $24.000: dividends (July and Jan.
4 p. e. each), $221.536; organization, $368: leaving
surplus, $388. Financial Statement, June 30 1897 —
Capital stock (common, $6.600; preferred, $2,769,200),
$2.775.800; funded debt. $675,000; unfunded debt,
?85.I05; profit and loss, $919.193— total,*$4. 455.098.
Contra: Cost of road, etc., $3.390.737: stocks and
other investments, $512.892; other assets. $551.469—
total. $4.455,098. Funded debt consists of debenture
, p;™ 3°-.vr- $1.000 coup, and reg. bonds, due March
1. 1927, interest March and Sept.. at New England
KB. Co.. Boston. Mass. The authorized amount of
these bonds is $2,000,000. Up to June 30. 1897.
$hi5.000 of them were issued to redeem the $400 000
st mtge. bonds matured March 1, 1897. and to pav
off a floating debt of $289.410; and $285,000 addi-
il have since been issued to fund the debt of the
Norwich and New York Transportation Co (See
statement for New England RR. Co.) The rest of

» bonds will be issued to provide for the extension
to (,roton and for Improvements, etc Of the old
common stock, $6,600 was never presented for ex-
change into preferred stock. It receives no dividends
ting power attaches to stock Immediately after

transfer. A. G. Bullock, Pres., Worcester, Mass.;
M. M. Whittemore, Treas. & Sec., 180 Summer St.,
Boston, Mass. Corporate Office, Worcester, Mass.

Providence and Spring-Held RR.— Length
of line, 27.73 m.; total track (steel), 34.76 miles.
Chartered 1853; road opened Aug. 11, 1873; exten-
sion from Pascoag to Douglas June., 6.84 m., opened
June 11, 1893. Leased to the New England RR. Co.
for 93 years from July 1, 1896, the lessee to pay all
fixed charges, including taxes, and 4 p. c. per annum
on the capital stock. (See Manual for 1897, page
566.) Rental, year ending June 30, 1897, $59,198,
which was paid in interest on bonds, $37J500, and
dividends (4 p. c.), $20.698, on stock. Capital stock
(auth., $600,000; shares, $100), $517,450; funded
debt, 1st mtge. 5 p. c. 30-yr. bonds, due July 1,
1922. interest Jan. and July. $750,000— total, repre-
senting cost of road, etc., $1,267,450. Wm. Tinkham,
Pres.; William H. Pope, Treas. & Clerk, Providence,
R. I. General Office, Providence, R. I.

Rhode Island and Massachusetts RR.
(in Mass.).— Line of road, 6.52 m.; total track
(steel), 7.38 miles. Operated by the New England
RR. Co. at a rental of $10,000 per annum, but no
formal adoption of the old lease has taken place.
(See Manual for 1896, p. 682.) Financial Statement,
June 30, 1897.— Capital stock, $100,000; surplus, $14,-
840— total, $114,840. Contra: Cost of road, $112,321;
cash and accounts, $2,518— total, $114,840. Edgar K.
Ray, Pres.; Jas. G. Ray, Treas.; G. W. Wiggin,
Clerk, Franklin, Mass. Corporate Office, Franklin,
Mass.

Rhode Island and Massachusetts RR.
(in R. I.).— Line of road, 7.07 m.; total track, 7.77
miles. Chartered Jan., 1865; road opened in Sept.,
1877. Operated by the New England RR. Co., with-
out a lease. (See statement for R. I. & M. RR. In
Mass.) Rental, year ending June 30, 1897 (after
expense), $9,627. Paid dividends (Oct. and April, 2i
p. c. each), $9,000. Surplus, $627. Operated In con-
nection with the R. I. & Mass, of Mass. Financial
Statement, June 30, 1897.— Capital stock, $180,000;
unfunded debt, $2.700; income balance, $543— total,
$183.243. Contra: Cost of road and equipment, $145,-
020; discount on stock sold, $38,108; cash, $115—
total, $183,243. Jonathan Chace, Pres.; Arnold B.
Chace, Sec. & Treas. Corporate Office, Valley Falls,
R. I.

Rockville RR.— Length of line, 4.43 m.; total
track, 5.18 miles. Chartered May 6, 1857; road
opened Aug. 10, 1863. (See Manual for 1896, p. 682.)
The road is operated by the New England RR. Co.
Rental, year ending June 30, 1897, $3,650. The old
lease has been cancelled and a new one entered Into,
terminable on thirty days' notice by either party, at
a rental of $10 per day. Stock— common. $68,750;
preferred. $40.000— total. $108,750. H. L. James,
Pres.; J. C. Hammond, Jr., Sec. & Treas. Corporate
Office, Rockville, Conn.

\Voonsocket ami Pjisooiif? RR. — Length of
line, 9.45 m.; total track (steel), 10.17 miles. Rail,
56 Ihs. Incorp. May 21, 1889; opened about March
1, 1891. Leased from March 1, 1891, to the N. Y. &
N. E. RR. Co., the lessee paying all fixed charges and
5 p. e. per annum on capital stock. The lease was
cancelled as of April 1, 1896, and then the New
England RR. Co. purchased the entire share capital
of the W. & P. RR. Co. The New England Co. pays
the coupons on $100.000 of 5 p. c. bonds Issued by the
Woonsocket and Pascoag RR. Co.. upon which pay-
ment of interest >s said to have been guaranteed by
the city of Woonsocket. Capital stock paid in, $200,-
000; funded debt (1st mtge. 5 p. c. 20-yr. $1.000 coup,
bonds, due Oct. 1, 1910. interest April 1 and Oct. 1),
$100,000— total. $300.000, representing cost of road,
etc. C. Peter Clark, Pres.; Geo. B. Phippen, Treas.;
James W. Perkins, Sec., Boston, Mass. <

Board of Directors, New England RR. Co., elected Oct. 28, 1897.

^ LvHigginson Boston, Mass.

N. W. Rice

Chas. L. Loverin

Jesse Metcalf Providence, R. I.

Fred. J. Kingsbury. . . Waterbury, Ct.

Charles P. Clark.. . .New Haven, Ct.
Edward D. Robbins . . .Hartford, Ct.
Robert Bacon New York, N. Y.

D. S. Plume

John W. Doane Chicago, 111. | One vacancy.

CHARLES P. CLARK, President New Haven, Conn.

Edward D. Robbins, Vice- President Hartford, Conn.

C. Peter Clark, General Manager Boston, Mass.

Treasurer— George B. T'hippen Boston, Mass, j Secretary— James W. Perkins ... . . .Boston, Mass.

A itditor—'W. H. Dudley Boston, Mass.

PRINCIPAL OFFICE AND ADDRESS 180 Summer Street. Boston, Mass.

POORS MANUAL — NORFOLK AND WESTERN RY. CO.

591

NORFOLK AND WESTERN RAILWAY COMPANY.

Main Line of Road. — Lambert's Point, Norfolk, Va., to

Bristol, Term 412.32 m.

Other Divisions and Branches, owned.. 1,153.45 m. — 1,565.77 miles.

Leased : Columbus Connecting and Terminal RR. : In Columbus, 0 8.51 "

Total length of lines operated, June 30, 1897 1,569.28 miles.

Statement of mileage as operated by divisions, June 30, 1897 :

Norfolk Division : MILES.

Lambert's Point to Roanoke, Va 259 .62

Branches : Norfolk, 1.28m.; Knitting Mil), 1 m.;
Money Point, 1.91 m. ; Gilmerton, 0.53 m.; City

Point, 10m.: total 14.72

Lynchburg Belt Line 1 .63

Durham Division :

Lynchburg, Va., to Durham, N. C 114.10

Durham Division Connection 1 .33

Bannister Branch 1 . 00

Winston-Salem Division :

Roanoke, Va., to Winston-Salem, N. C 121 .30

Castle Rock Branch 2.79

Shenandoah Division :

Roanoke, Va., to Hagerstown, Md 238.11

Branches to Ore Mines, etc 18.30

Radford Division :

Roanoke, Va., to Blnefleld. W. Va 106.80

Radford, Va., to Bristol, Tenn 106.21

MILES.

No. Car. June, to Iron Ridge 45.19

Branches : Roanoke Belt, 1.59 m.; Kingston, 3.68
m. ; Radford, 2.37 m. ; New River Connection,
0.5 m.; Saltville, 9.91 m.; Reed Island, 11.70
m.; Periwinkle, 4.16 m.; other branches and
spurs, 6.90 m. ; total 40.81

Pocahontas Division :

Blnefleld to Gray, W. Va 80.60

Graham to Norton, Va 100.40

Branches and spurs to Mines 46.65

Scioto Valley Division :

Gray, W. Va., to Columbus, 0 260.96

Branches : Dingess, 1.76 m.; Wells, 1.18 m.; Ke-
nova Belt, 2.94 m. P., C., C. & St. L. Ry. con-
nection, 0.37 m. ; total 6.25

Col. Conn & Ter. MR.;

Main Line 2.31

Warehouse Yard and Branch 0.95

C., C., C. & St. L. RR. connection 0.25

Statement of track mileage in the several divisions of the system, June 30, 1897 :

Main
Track.

Second
Track.

Sidings.

Total
Track.

Steel
Rail.

Iron
Rail.

M.

275.97

M.

3.87

M.

103.58

M.

383 42

M.

379 83

M.
3.59

116 43

7 61

124 04

122 94

1 10

Winston-Salem Division

124 09

8 58

132 67

132.67

256 41

42 97

299 38

278 60

20 78

Radford Division

299 01

34 50

113 37

446 88

443 21

3 67

Pocahontas Division

227.65

15.65

97 99

340 29

340 29

Scioto Valley Division

267.21

58.33

325.54

304.05

21.49

Columbus Connecting and Terminal RR

3.51

6 55

10 06

10 06

Totals

1,569.28

54.02

438.98

2,062 28

2,011.65

50.63

Gauge, 4 ft. 9 in. Rail, 50 to 85 Ibs. ; average, 63.61 Ibs.

The company uses the track of the Richmond and Petersburg RR. to gain entrance into
Richmond, and leases to the Norfolk Southern RR. Co. trackage facilities over the N. & W
RR. into Norfolk, and the use of ihe terminal facilities at that point.

History. — Organized Sept. 24, 1896. pursuant to the plan of reorganization of the N. &
W. RR. Co., dated March 12, 1896, which was outlined in the MANUAL for 1896, pages 683
and 684. The properties were turned over to the new company — part on Oct. 1, 1896, and
part on Dec. 1, 1896. (See MANUAL, for 1897, page 567.) The ownership of the Roanoke
Machine Works was acquired by deed dated Jan. 18, 1897.

The company also acquired with the properties referred to before, and at sequestration
sale — $187,600 capital stock of the Old Dominion Steamship Co. ; $59,850 capital stock of the
Pocahontas Coal Co.; $100,000 capital stock of the Virginia Co., together with claims of the
Norfolk and Western RR. Co. and the receivers against the Virginia Co., for loans and ad-
vances amounting to $300,822.58 ; 6,000 shares of the Columbus Connecting and Terminal
RR. Co., par value $100 each, 65 p. c. paid ; and sundry miscellaneous securities.

Boiling Stock, June 30, 1897. — Locomotives, 413. Cars — passenger, 146 ; combination,
19 ; baggage, mail, and express, 71 ; freight (box, 5,759 ; stock, 544 ; flat, 873 ; coal, 8,243 ;
charcoal, 4 ; coke, 525), 16,048 — total revenue cars, 16,290. Also 275 caboose and 24 other
cars, besides 2 tugs and 9 barges.

592

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Operations, 9 months ending June 30, 1897 (average, 1.512.1 m.).— See tabulated state-
ment below.

p Tio-pr $902 194 44

~FreVhf .'.'.'.'.'.'.'.'.'. 6,518,'945 92

Mai "and Express 244,88693

Miscellaneous 66,131 77

Total (§5,113.52 per mile) $7,732,159 06

Expenses— Conducting Transportation $2,191,069 24

Maintenance of Equipment 1,872,160 29

Maintenance of Way 1,154,361 37

General and Commercial 410,444 46

Total ($3,722.00 per mile) $5,628,035 36

Net earnings (27.21 p. c.), $2,104,123.70; add interest and dividends, $16,181.97— total,
$2,120,305.67. Deductions: Interest on funded debt, $1,619,958.91 ; on car trust certificates
and bonds, $25,187.50— total, $1,645,146.41. Net income, $475,159.26. Less advances to
subsidiary companies, $15,310.98. Surplus, $459,848.28.

Operating expenses include taxes amounting to $246,533.58. The ratio of expenses less
taxes to gross earnings was 69.6 p. c.

Dividends of 1 p. c. each were paid on the adjustment preferred stock, in Nov., 1897,
and Feb., 1898.

Statement of operations, etc. , for seven fiscal years :

1891

Dec. 31.

1892

Dec. 31.

1893

Dec. 31.

1894

Dec. 31.

1895

Dec. 31.

1896

June 30.

1897

June 30.
9 months.

Miles of Railroad Owned.
Miles of Track Owned . . .
Miles of Steel Rail Owned

1,120.39
] ,494.03
1,399.15
349
105
71
11,589
1,091.00
2,068.968
6,261,041
298,668

1,319.25
1,747.74
1,644.18
388
145
102
13,769
1,308.00
2,486,353
7,306,313
375,867

1,323.85
1,766.50
1,664.39
408
166
100
16,308
1,555.64
2,584,945
7,795,740
194,892

1,327.00
1,773.48
1,679.26
417
155
100
16,257
1,567.00
2,311,852
9,028,439

1,327.66
1,775.19
1,708.27
415
154
99
16,235
1,570.35
2,346,772
8,074,810

1,827.66
1,775.55
1,708.63
424
145
91
16,379
1,570.35
2,344,568
7,962,599

1,565.77
2,052.22
2,001.59
413
146
90
16,048
1,512.10
1,548,316
4,541,744
98,389

Cars Passenger

Baggage, Mail, etc.
Freight

Aver. Miles RR. Operated
Passenger Train Miles . . .
Freight Train Miles

Other Train Miles

Total Train Miles....

Passengers Carried
Passenger Miles

8,628,677

1,887,522
71 ,394,761
5,797,941
1,292948.631
$
9,188,042
6,009,767

10,168,536

2,232.909
76,530,531
6,624,727
1,444.835,620

8

9,952,882
7,031,673

10,575,577

2,052,387
70,593,740
6,325,735
1,554,938,009
$
10,032,618
7,199,461

11,370,291

1,859,631
63,613,795
7,038,127
1,881,576,468
$
10,340,452
7,693,905

10,421,582

1,847,455
64,701,355
6,509,935
1,678,848,002

9,662,087
7,523.636

10,307,167

1,905,231
68,165,706
7,579,219
1,989,355,223
$
10,908,859
8,226,287

6,188,449

1,080,017
36,500,293
5,269,796
1,477,485,975
$
7,732,159
5,628,036

Freight (tons) Moved. . . .
Freight (ton) Miles

Gross Earnings
Operating Expenses

Net Earnings

3,178,275
291,645

2,921,209
280,866

2,833,157
141,190

2,646,547
135,585

2,138,451
36,239

2,682,572
34,656

2,104,124
16,182

Other Receipts

Available Revenue

3,469,920
2,218,194
(3) 1,072,500
129,575
+ 1,715

8,421 67
5,508 49
2,913 18
65.41 p. c.
2.938 c.
0.548 c.

3,202,075
2,475,759
(2^)1,030,000
139,459
- 443,145

7,609 24
5,375 90
2,233 34
70. 65 p. c.
2.861 c.
0.537 c.

2,974,347
3,074,089

2,T82,132
3,107,509

2,174,690
3,068,031

2,717,228
3,102,603

2,120,306
1,645,147

Fixed Charges

Dividends

Other Payments

142,105

- 241,847

6,447 70
4,626 90
1,82080
71.76 p. e.
2.897 c.
0.514 c.

145,300
- 470,677

6,598 89
4,90896
1,689 93
74.41 p. c.
2.925 c.
0.451 c.

71,618
- 964,959

6,154 20

4,792 13
1,362 07
77.87 p. C.
2.850 C.
0.466 C.

599,266
- 984,641

6,946 77
5,23850
1,70827
75.41 p. c.
2.276 c.
0.447 c.

15,311

+ 459,848

5,113 52
3,72200
1,391 52
72.79 p. c.
2.472 c.
0.441 C.

Balance (+ or — ) .. .

Gross Earnings per Mile . .
Gross Expenses per Mile.
Net Earnings per Mile . . .
Expenses to Earnings!
Earnings p. Pass. p. Mile.
Earnings p. Ton p. Mile. .

General Balance Sheet, June 30, 1897.

Cost of Road and Equipment $132,557,126 03

Capital Expenditures since Oct. 1, 1896. 246,031 72
Company's Securities in Treasury:

Adjustment 1'ref. Stock. $308,939 00

Common Stock 1,620,612 50

1st Consol. Mtgc. Bonds. 467,850 00— 2,397,401 50

Investments in Other Companies 251,802 50

Accounts Receivable 583,178 13

Insurance and License Pd. in Advance.. 32,702 29

Materials and Supplies 570,896 53

Condemned Equipment 7017854

Cash 1,719,595 16

Total Assets $138,428,912 40 Total Liabilities $138,428,912 40

Preferred stock has priority over common for dividends up to 4 p. c. per annum, non-
cumulative, out of surplus net profits ; and in case of liquidation or distribution of the

Capital Stock— Adjustment Preferred. .

Capital Stock — Common

Funded Debt

Equipment' Liens, N. & W. RR. Co....

Interest on Funded Debt, Accrued

Taxes Accrued

Accounts Payable

Reserve Funds

Inventory Adjustment Account

Profit and Loss

$23,000,000 00

66,000,000 00

46,710,700 00

650,000 00

644,304 00

83,761 22

651,995 86

199,046 61

29,256 43

459,848 28

POOR'S MANUAL — NORFOLK AND WESTERN RY. CO.

593

capital, the holders of this stock are entitled to receive the par amount of their shares out of
the company's assets before any payment can be made on the common stock.

Preferred stock has the right to elect two-thirds of tbe board of directors during the five
years ending Sept. 24, 1901, unless full yearly dividends shall have been paid on it for
three years previously ; after Sept. 24, 1901, or after full yearly dividends shall have been
paid on the preferred stock for three years, all shares are to have equal voting power.

It is provided that no additional mortgages shall be placed upon the property, nor the
amount of the preferred stock be increased or decreased, without the consent of the holders
of two-thirds of the outstanding preferred stock, given at a meeting called for that purpose,
and the consent of a majority of such part of the common stock as shall be represented at the
meeting, the holders of each class of stock voting separately.

Statement of funded debt outstanding, June 30, 1897:

DESCRIPTION OF BONDS.

DATE OP BONDS.

PROPERTY MORTGAGED.

INTEREST.

Amount
Out-
standing.

Annual
Interest.

tts'd

Payable.

Road and Location.

L'gth.

a

1

Payable.

N. & P. RR. 2dm. (now 1st lien)
S.S.RR. 1st pref.consol. mtge.
S.S. RR. 2dpref. consol. mtge.

S.S. RR. 3dpref. consol. mtge.

V. & T. RR. enlarged m. (ext.)
V. & T. RR. pref . 6 p. c. stock.
V. &T. RR. 4th mtge

"1

1854

July 1, 1900
July 1, 1900
July 1, 1900
Jan. 1, 1897
to
July 1, 1900

J'ne 30, 1900

Norfolk to Petersb.
") First lien on line
Petersburg to
}• Lynchbnrg, 123
m.,& City Point
Branch, 10m...
"I First lien in order
I given Lynchb'g
[ to Bristol, 204m.,
J Saltv. Br., 9.5 ra.

See below.
See below.
See below.
See below.
See statem't, p. 594.
See below.

res

81.00

133.00
213. 5<

p.C.

5&6

5
6
8

6
6
6
4
5
4

Jan. & July
Jan. & July
Jan. & July

Jan. & July

Jan. & July
Jan. & July
Jan. & July

May & Nov.
Apr. & Oct.
Feb. & Aug.
May & Nov.
Jan. & July
Apr. & Oct.

$

496,000
290,000
270,500

452,800

985,000
10,900
1,000,000

7,283,000
2,000,000
5,000,000
5,000.000
600,000
22,854,650

24,800
15,480
14,455

26,168

49,000
654
80,000

436,980
120,000
300,000
200,000
30,000
914,186

Mar. 1, 1900

May 1, 1931
April 1, 1932
Feb. 1, 1934
Nov. 1, 1989
Jan. 1, 1932
Oct. 1,1996

Fixed Charj

I

N. & W. RR. Co.:
General mtge

New River Division, 1st mtge.
Improvement and Ext. mige. .
Sci.Val.A N.E. RR.lst m. loan
Col.Con.A Term.RR.lst mtge.
N.&W. Ry.Co.lst consol. mge.

Total Bonded Deb
Equipment Mortgage Bonds o
Car Trust Certificates of 18S2,
Car Trust Certificates of 1893,

Grand Total

1889
1892
1396

t am
f 188!
raatu

n at I

152.93

3.51

46,242,850
fi,000

2,210,673

ring quarter
ring quarter!

y to Oct., 1902. .

319,000

325,000

14,100
14,413

y to July, 1903

46,892,850

2,359,186

The Norfolk and Petersburg bonds are coupon, for $1,000 each, and are a first lien on the line between
Norfolk and Petersburg:, 81 miles. Average rate per mile, $6,123. These bonds originally carried 8 p. c.
They matured July 1, 1893, and were extended to July 1, 1900, the interest rate being reduced to 5 p. c.

The Southside RR. (all in coup, form) 1st preferred consols are for $1,000 each. They bear interest,
$98,000 at 6 p. c., and $192,000 at 5 p. c. The 2d preferred consols are for $500 and $1,000 each; the $500
bonds ($84,500) and $93,000 of the $1,000 bonds bear 5 p. c. interest; the remaining $93,000 bear 6 p. c. These
two issues, maturing July 1, 1900, are in extension of original issues. The 3d preferred consols are : one 6 p. c.
bond for $1,000, matured Jan. 1, 1890; $100,000 0 p. c. bonds due Jan. 1, 1898, and $100,000 due Jan. 1, 1899,
for $500 each; $52,800 6 p. c. bonds due Jan. 1, 1900, in $100 and $300 bonds, and $199,000 5 p. c. bonds due
July 1, 1900, for $1,000 each. The 5 p. c. bonds are in extension of original issues. Holders of the 3d
preference bonds which matured Jan. 1, 1898, were offered the privilege of extending them to July 1, 1900,
those extended to bear interest at 4J p. c. per annum payable in gold. These three issues of bonds are in the
order given a first lien on the line between Petersburg and Lynchburg, 123 m., and the City Point Branch,
10 m. ; a total of 133 m., and constitute an issue at the rate of $7,619 per mile.

The Virginia and Tennessee bonds are in coupon form, for $1,000 each. Enlarged mtge. is an extension
of the original issue. These two issues of bonds and the preferred stock are, in the order given, a first lien on
the line between Lynchburg and Bristol, 204 m., and the Saltville Branch, 9.5 m. ; a total of 213.5 m., at the
rate of $9,325 per mile.

The gen. mtge. bonds of the Norfolk and Western RR. are for $1,000 each, in coupon form, with provision
for registration. They are secured on the main line, and on the City Point and Saltville Branches, 427.5 m.,
subject to the lien of the before described $3,500,200 divisional bonds ($8,188 per mile); average per mile, $17,-
036. The mortgage provided for an issue of $11,000,000 bonds, of which the trustee has reserved an amount
which, at 95 p. c., is sufficient to retire at maturity the $3,500,200 divisional liens noted before; but the new
consol. mtge. provides that such reserved bonds shall not be issued. Trustee: the Fidelity Insurance, Trust
and Safe Deposit Co. of Philadelphia.

The A'etc River Division bonds ($1,000 each, in coupon form) are a first lien on the New River Division,
from Radford to Kyle, W. Va., 85.48 m. ; branches to coal mines, 17.41 m. ; the Cripple Creek Extension, 30.40
m., and branches to ore mines, 19.64 m., aggregating 152.93 m. ; and upon all other branches and extensions
hereafter constructed under the privileges derived from the companies consolidated to form the New River
Division; all of such branches or extensions come under the lien of the same mortgage without increasing the
present issue of bonds. The bonds (limited to $2,000,000) represent a first lien at the rate of $13,078 per mile.

The Improvement and Extension bonds are for $1,000 each, in coupon form, with provision for regis-
tration of principal. By agreement with the trustee the maximum amount of bonds which can be issued is
$5,000,000. The bonds are a lien upon the main line and the City Point and Saltville Branches, subject only

38

694

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

to the lien of the divisional securities and of the general mortgage. They are a second hen upon the New
River Division and the Flat Top and Cripple Creek Extensions thereof. (See MANUAL for 1891, page 810.)

The Scioto Valley and ATc«? England RR. 1st mtge. gold bonds are a first lien upon the line from
Columbus to Coal Grove, O., 128.6 miles. Under supplemental mtge. of July 22, 1890, the maximum amount
of these bonds which may be issued is $5,000,000. Bonds are for $1,000 each, in coupon form, with provision
for registration. Payment of these bonds, principal and interest, was assumed by the reorganized company.
Interest payable in New York, N. Y. Trustee: Central Trust Co., New York, N. Y.

The Columbus Connecting and Terminal RR. bonds are for $500 gold each, in coupon form, with
privilege of registration. They are assumed, principal and interest, by the Norfolk and Western Ry. Co.
Interest payable at the Atlantic Trust Co., New York, N. Y. The bonds are a 1st lien upon the Columbus
terminals, including real estate in Columbus, O., costing $568,304, and on 3.51 m. of railroad.

The 1st consol. mtge. gold bonds of the Norfolk and Western Ry. Co. are authorized to the amount of
$62,500,000, of which $23,322,500 were issued to carry put the reorganization, the remaining bonds being
reserved for the following purposes: $25,986,889 to acquire or redeem the $23,388,200 outstanding prior lien
bonds; $3,500,000 purchase or pay car trust obligations and other charges upon the property, for the creation
of a reserve fund for special improvements, and for other necessary purposes; and $9,690,511 for new con-
struction and acquisitions and for betterments and improvements, such bonds to be issued under carefully-
guarded restrictions at a rate not exceeding $1,000,000 per annum. It is provided in the mortgage securing
these bonds that the amount of the outstanding prior lien bonds cannot be increased but that the bonds may
be extended at a rate of interest not in excess of that now payable thereon. The bonds are in denominations
of $100, $500 and $1,000, in coupon form, with privilege of registration as to principal; or they may be con-
verted into full registered bonds of the denomination of $1,000 or multiples thereof. The bonds are a first
lien on about 840 m. of railroad, as follows: Norfolk Terminal Division, 5 m.; Clinch Valley Division, 116 m. ;
Lynchburg and Durham Division, 114 m. ; Roanoke and Southern Division, 123 m. ; Maryland and Washington
Division, 257 m.; Ohio Extension, 207 m. ; North Carolina Extension, 18 miles. They are also a first lien on
the terminals. They are also a first lien on the terminals at Lambert's Point, Va., and on the Roanoke
Machine Works at Roanoke, Va., and are further secured by pledge of the capital stock of the Columbus Con-
necting and Terminal RR. Co. and of $6,480,929.90 equipment obligations of the Norfolk and Western RR. Co.
They are also a lien upon the railroad property of every nature, and the franchises of the company, subject
to the lien of previous mortgages, and will also cover any property which may be acquired hereafter with the
bonds reserved for improvements, new construction, etc. Interest payable at the office of the trustee — Mer-
cantile Trust Co. of New York.

The 1st consol. mtge. also provides for the creation, under certain conditions, of a prior lien mtge. to
secure an issue of not to exceed $3,500,000 of 50-yr. 4 p. c. prior lien gold bonds, or, at the option of the
company, £700,000 of 50-yr. 4 p. c. prior lien sterling bonds for the same purposes as the $3,500,000 of 1st
consol. mtge. bonds reserved as before mentioned, but in case of the issue of any such gold or sterling bonds,
then a like amount of the $3,500,000 of 1st consol. mtge. bonds must be reserved to be issued only to redeem
such prior lien bonds, and must be sold and used for that purpose whenever they can be disposed of at 95 and
accrued interest.

The ear trust certificates are for $1,000 gold each, and bear interest at the rate of 5 p. c. per annum,
payable Jan., April, July and Oct. The certificates of 1892 are guaranteed by the Railroad Equipment Co.
Both issues are in coupon form, but those of 1893 may be registered.

The $6,000 equipment mtge. bonds ef 1888 were issued by the Norfolk and Western RR. Co., and are still
outstanding, not having been deposited with the reorganization committee.

AUXILIARY PROPERTIES.

Pocaliontas Coal Co.— From Jan. 1, 1885,
until April 1, 1895, this company acted as selling
agent for the coal produced upon the lines of the
Norfolk and Western RR., and its earnings were
currently Included in the earnings of the railroad
company and paid over to it. On April 1, 1895, the
Pocahontas Coal Co. withdrew from the selling of
coal, and since then the operations of that company
hnve been confined to the management of its wharves,
lighters, and other property. At the same time the
capital stock was reduced from $200,000 to $60.000.
Financial Statement, June 30, 1897.— Capital stock,
$60.000; accounts payable, $3,706; profit and loss,
$2,779— total, $66,485. Contra: Investments (27
lighters, $40.500; Hohoken wharves, $5,239; real
estate, $3,685; stocks and investments in other com-
panies, $3,252), $52,766; bills receivable, $827; ac-
counts receivable, $5,930; cash, $6,962— total, $66,-
485. J. M. Barr, Pres., Roanoke, Va.; A. J. Hemp-

hill, Sec., New York, N. Y.; W. G. Macdowell,
Treas., Roanoke, Va. General Office, Roanoke, Va.

Vlrgina Co.— Incorporated as the Iron Belt
Land, Mining and Development Co. of Virginia,
March 6, 1882; charter amended changing name to
Virginia Co., March 5, 1888. Under its charter this
company has acquired and holds real estate at im-
portant points on the line of the N. & W. Ry. Co.,
which owns $99,300 of the capital stock. Balance
Sheet, June 30, 1897.— Capital stock. $100.000: 1st
mtge. 5 p. c. loan, $80,000; N. & W. Ry. Co., $366,-
134; accounts payable, $4.968; accrued Interest. $1,-
667— total, $552,769. Contra: Real estate, houses,
etc., $491,810; accounts receivable. $12,683; cash,
$94; income account, $48.182— total, $552,769. F. J.
Kimball, Pres., New York, N. Y.; Win. G. Mac-
dowell. Treas., Roanoke, Va.

A. J. Hemphill, Sec.,
New York, N. Y. General Office, Roanoke, Va.

RAILROAD LEASED BY THE NORFOLK AND WESTERN RY. Co.

Columbus Connecting: and Terminal

R.— At Columbus, O., 3.51 miles. Chartered in
1892 in the interest of the N. & W. RR. Co., to which

It is leased. Put in operation July 1, 1893 The
property is used jointly with the N. & W. Ry. Co.
by the Columbus, Saudusky and Hocking and the
Cleveland, Akron and Columbus RR. Cos Capital
stock (authorized, $600,600) paid in, $390,176; funded

debt (described in bond statement, N. & W. Ry. Co.),
$600,000— total, $990,176. Contra: Cost of road, etc.,
$990,161. The capital stock is owned by the N. &
W. Ry. Co. and is pledged under that company's 1st
consol. mtge. F. J. Kimball, Pres.; A. J. Hemphill.
Sec.. New York, N. Y. ; W. G. Macdowell, Treas.,
Roanoke, Va.

Board of Directors, Norfolk and Western Ry. Co., as constituted Oct. 14, 1897.
F. J. KIMBALL, Chairman of the Board New York, N. Y.

F. J. Kimball New York, N. Y.

Henry Fink

Win. B. Boulton .. " "
J. Kennedy Tod

Wm. B. CampbelL.Philadelphia, Pa.

William E. Glyn . . .New York, N, Y.
Victor Morawetz.. " "

Walter H. Taylor Norfolk, Va.

Philadelphia, Pa.

George Coppell — New York, N. Y.
Joseph I. Doran... Philadelphia, Pa.

.New York, N. Y. | Henry Whelen, Jr. ...

HENRY FINK, President New York, N. Y.

James M. Barr, Vice- President and Gen. Manager Roanoke, Va.

CotnptroUer-M C. Jameson Roanoke, Va. 1 Sec. & Asst. Treas.— A. J. Hemphill. . .New York, N.Y.

st. Sec.—Wm. G. Macdowell. " | Auditor— Joseph W. Coxe Roanoke, Va.

PRINCIPAL OFFICE AND ADDRESS Roanoke, Va.

York Office. ............. ,40 Exchange Place.

POOR S MANUAL — NORTHERN PACIFIC RY. CO.

595

NORTHERN PACIFIC RAILWAY COMPANY.

Lines of Road :

Main Line : Ashland, Wis., to Tacoma, Wash., and Portland, Ore. 2,137.05 m.

Sundry spurs along the Main Line 69.18 m.

Walbridge Line: Walbridge Station, Wis., to Main Line in Minn. 3.40 m.
South Superior, Wis., to Duluth Jc., Minn. (including 2.97 m. spurs). 10.68 m.
Spurs in Superior, Wis., owned jointly with C., St. P..M. &0. Ry. Co. 1.01 m.
Spurs in Duluth, Minn., owned jointly with three other companies. 1.62 m.
Spurs in Duluth., Minn., owned jointly with St. P. & D. Ry. Co. . . 4.76 m.

Duluth to Carlton, Minn., owned jointly with St. P. & D. Ry. Co 22.92 m.

St.P.& No.P.Ry. : St. Paul to Staples & Brainerd, Minn. (incl. spurs). 192. 00 m.

Bunker Hill Line in St. Paul.: 0.36m.

" Soo Line " connection near North Town June., Minneapolis. . . . 0.35 m.
Gaylord and Ruby Valley Br. in Montana projected, not yet built. 5.71 m.
CoJcedale Branch : Coal spur to Cokedale, Mont. (incl. 0.45 m. spurs) 4.04 m.
r< J> AI* »/. I State Line, Mont., to Mission, Idaho. 44. 52 m.

**•' \ Wallace to Burk, Idaho 7.87 m.— 52.39 m.— 2,505.42 miles.

Lines controlled through ownership of Stocks and Bonds 2,015.64 m "

Trackage or Terminal Rights rented or operated 22.57 * "

Total length of lines owned and operated, June 30, 1897 4,543.63 miles.

2d track (owned, 41.04 m.; trackage, 7.27 m.), 48.31 m. ; sidings (owned), 749.11 miles.
Gauge, 4 ft. 84 in. Rail— iron, 56 Ibs. ; steel (4,333.82 m.), 56, 66, and 72 Ibs.

The length of lines operated by the company on June 1, 1898, was 1,508.75 m., a decrease
of 34.88 m. since the date of the preceding statement. This decrease is accounted for as
follows : A deduction of 15.24 m., the length of a line from Pascoto Wallula June., Wash.,
now operated by the Washington and Columbia River Ry. ; one of 13.85 m. , the length of a
section of the Cceur d'Alene Branch taken up ; 0.85 m., terminals at Spokane Depot discon-
tinued ; 11.13 m., Lake Superior Terminal and Transfer Co. sidings dropped — total deduc-
tions, 40.57 miles. Against these deductions is to be reckoned an addition of 5.69 m., track-
age over the Montana Central, now used by the company ; leaving net decrease as above,
34.88 miles.

History. — Chartered as Superior and St. Croix RR. Co., March 15, 1870 ; present name
adopted in July, 1896. Acquired at foreclosure sale, July 25, 1896, and several subsequent
days, the franchises, properties, lands and other assets of the Northern Pacific RR. Co., and
assumed possession thereof on Sept. 1, 1896. (See MANUAL for 1897, page 575.)

In exchange for the property thus acquired, and unified in the present Northern Pacific
system, the company issued $155,000,000 of capital stock and $129, 816,500 of mortgage bonds,
a total issue as of Sept. 1, 1896, of $284,816,500. Since then the company has received from
the reorganization managers, $3,674,913.20 in cash, and $1,325,086.80 in $2,210,000 of gen.
lien bonds at about 60 p. c., constituting the $5,000,000 betterment and enlargement fund
provided for in the plan of reorganization, besides $10,500 prior lien bonds, $440,000 gen.
lien bonds, $4,086,300 preferred stock, and $2,500,000 common stock. All of these securities
are now held as a part of the treasury assets of the company, and on Sept. 1, 1897, including
the cash received, they had a market value of $7,767,723.20.

Statement showing the mileage of all lines in the system on June 30, 1897, whether
owned, leased, or controlled by the Northern Pacific Ry. Co. :

NAME OF
ORIGINAL COMPANY.

TERMINI OP ROAD.

Length.

R«marks.

From—

To—

I.— Owned in fee : f
Northern Pacific ER <!

Western RR. of Minn
St. Paul & North'n Pac. J

Ashland, Wis

Portland, Ore

Miles.
2,137.05

87.96
5.71

14.75

60.12
87.17

33.27

11.44

1 See MANUALS for 1885, 1886,
j 1888, and 1893.

Projected, not yet built.
( Total length is 30.31 m.; the
-< details are shown in mile-
( age statement above.
See MANUAL for 1882, p. 736.
J Built by St. P. & N. P. (see
| MANUAL for 1896, p. 702).
Built by St. P. & N.P. in 1889
4 (see MANUAL for 1890, p.
j 546).

Sundry Brs. and Spurs.
Gaylord & Ruby Vy. Br.

Lines owned jointly wi

Brainerd, Minn
Sauk Rapids, Minn

Little Falls, Minn
Sundry Brs. and Spurs.

th other companies.

Sank Rapids, Minn...
St. I'anl, Minn

Staples, Minn

596

POOR'S MANUAL OF KAILROADS — RAILROAD "SYSTEMS."'

NAME OF
ORIGINAL COMPANY.

TERMINI OF ROAD.

Lengtl

Remarks.

From—

To-

Coeur d'AleneEy. & Nav.
Co j

Mission, Id

44.5

7.8

f Purchased by N. P. Ry. Co.,
I Jan. 1 2, 1897, at sale under
•j foreclosure of the C. d'A.
Ry. bonds, which were
L owned by the N. P. Ry.Co.

Completed in Oct., 1882.
f Built, 1882-83 ; opened Aug.
i 22, 1883.
Completed June 30, 1883.
Opened Sept. 22, 1883.
Opened through, Aug. 10, 1885.
Opened Sept. 22, 1883.
Opened Nov. 1, 1887.
Opened through in 1891.
Opened in Oct., 1889.
Opened Dec. 18, 1883.
Opened Sept. 22, 1883.
Opened Oct. 24, 1886.
Opened Dec. 24, 1886.
( Constructed between 1880
< and 1890 ; each section
f opened as completed.
Opened through in 1893.
Opened June 24, 1889.
Built in 1890-91.
( Buiit 7 m. in 1883 ; 24.42 m.
-< in 1889-90, and 11.66 m. in
/ 1893-93.
Built in 1890-91.

Built in 1886 to 1892.

Built in 1890.
Built in 1891-92.
^ Built in 1887 and 1888 by the
Hauser Syndicate, and
sold in 1888 to the No.
Pac. & Mont. RR. Co.

Built in 1889, 1890, and 1891
- by the Northern Pacific
and Montana RR. Co.

Opened Dec. 15, 1886.
• Built in 1885 and 1887.

Built in 1886-87.
Built in 1888-89.

)ne-seventh interest.
Ceased,
•"orty p. c. interest,
wned.
ne-eighth interest.
Ceased!
oint with St. P. & D. Ry. Co.
tie-sixth interest,
jeased.
wned jointly.
No. Pac. Ry. Co.'s share is
shown on page 597 among
lines owned.

Wallace, Id

Burk, Id

Total Owned

2,489.8

89.88
117.38

87.5
36.7
89.6
12.97
21.33
14.84
18.0.
22.1-
52.93
14.27
5.48
9.99
4.19
5.3~

II. — Stock and Bond
Owned :
Little Falls & Dakota RR

N. P., Fergus & Bl'k Hills

Fargo and Southwestern .
San.,Cooperst'n & Tur. Mt

Jamestown & Northern, j

N. P., La Moure & Mo. Riv
Southeastern Dakota
Jamest'n & No. Extension
Helena & Jefferson County
Rocky Mtn. Ry. of Mont.
Spokane Falls and Idaho.
Clealum RR

Little Falls, Minn . . . . .

Morris, Minn. ..,.,,

Wadena June., Minn...

Milnor, N. D

Fargo June., N. D

La Monre, N. D
Cooperstown, N. D..
Minnewaukan, N. D.
Sykeston. N. D
Edgeley, N. D

Sanborn, N. D

Jamestown, N. D

Harrington, N. D
La Moure, N. D

Fairview, N. D

Bayne, N. D

tf innewaukan, N. D . . .

Leeds, N. D

Mckly Pear Jc., Mont

Wickes, Mont

Livingston, Mont

Cinnibar, Mont

Hauser June , Id ....

Coeur d'Alene, Id
Roslyn Mines, Wash
Wilkeson, Wash

No. Pac. & Cascade -|
Green River & Northern . .

Cascade, Wash

Burnett Branch

Crocker Branch. .

'aimer, Wash

Kangley June., Wash.
Puyallup Riv., Wash.
Red Lodge, Mont

Seattle, Wash

11.87
10.92
45.43

33.48
12.10

44.51

Tacoraa, Orting & Southe'n
Rocky Fork & Cooke City.

N. P. & Pnget Sd. Shore j
Duluth, Crookston & No. .
No. Pac. & Manitoba — •<

Spokane and Palouse . . . -j

Drummond & Phillipsburg
Helena and Northern

Orting, Wash

Laurel, Mont.

Meeker, Wash

jake Washington Br. . .

fertile, Minn
Winnipeg, Man

Carthage, Minn

North Dakota Line.. .

65.94
53.52
14541
11V.38
2.51
5.94
27.96
35.00
12.58
30.08
52.99
71.65
21.05
7.09
21.37
110.49
18.16
48.55
15.20
107.93
6.01
96.24
56.92
10.28
54.38
1.71
2.87
57.15

'ortage June., Man
Morris, Man

P't'ge la Prairie, Man.
Brandon, Man.

Marshall June., Wash. .
South of Juliaetta

Juliaetta, Id

ielmont, Wash
'ullman June., Wash..
)rummond, Mont
Clough June., Mont
efferson, Mont
tf issoula, Mont
Logan, Mont

Farmington, Wash. . .
Genesee, Id
Rumsey, Mont
Marysville, Mont
Calvin, Mont
Grantsdale, Mont
Butte, Mont

Hel., Bould. Vy. & Butte. .
Missoula and Bitter Root..

No. Pac. & Montana ....-!

Helena and Red Mountain.
James River Valley •!

Duluth and Manitoba •<
United RRs. of Wash. . . \

(

Total Controlled

appington, Mont
Harrison, Mont . . .

Norris, Mont
Pony, Mont

toulder, Mont

Elkhorn

)e Smet, Mont

St. Regis Pass, Mont.
Rimini, Mont ....

[elena, Mont

amestown, N. D

La Moure, N.D

Valley June., N. D

Oakes, N. D

Winnipeg June., Minn.
Keystone Branch

Grand Forks, N.D...

Grand Forks, N. D
^ake View via Gate Cy.
El ma, Wash....
Gate City, Wash . . .

Mani toba Line

Dentralia, Wash "|
Summit, Wash j
Ocosta, Wash . . . I

Hosmopolis June

Cosmopolis, Wash . j
Aberdeen, Wash...
South Bend, Wash. J

Aberdeen Juuc., Wash,
hehalis, Wash

2,015.64

0.56
1.62
0.92
1.24
1.03
0.57
0.25
15.70
0.33
0.35

15.56

38 13

III.— Trackage and Tei-mi-
nal Rights ;
St. Paul Union Depot
Minneapolis & St. L. Ry
No. Pac. Terminal Ry

t. Paul, Minu

'hrough Minneapolis . .

n Portland, Ore .

Minnesota Transfer Co

Milwaukee Depot.

[inneapolis, Minn

Union Depot Co

Duluth, Minn
uperior, Wis
Ashland, Wis

L. Sup.Term.A Transf. Co.
(',. & N. W. Depot

Sundry Lines (joint inter.)
Total Trackage

Total No. Pac. System.

,543.63

POOR'S MANUAL — NORTHERN PACIFIC RY. CO.

597

The preceding statements include the following line?, which are not operated : Spokane
and Palouse RR., line south of Juliaetta, Id., 2.51 m.; Northern Pacific and Puget Sound
Shore RR., Lake Washington Branch, 12.10 m., and a section of the line owned jointly with
the St. Paul and Duluth Ry. Co., from Fond du Lac to Thomson, 7.19 m. — total, 21.80
miles. In the length of the Northern Pacific and Puget Sound Shore main line is included 1 1 .40
miles of track owned or operated jointly with the Columbia and Puget Sound RR. Co.

The line between Carlton (Northern Pacific June.) and Duluth, Minn., is owned jointly
by the Northern Pacific and the St. Paul and Duluth, each company contributing to its main-
tenance on the basis of train mileage. In the preceding statement of mileage one-half of the
length of this line is included in the length of the main line and the other half is treated as
trackage. The mileage of the several" other sections of line in which the company has a
joint interest is treated in a similar manner in the same statement, but the total length of
each is shown in the main statement of mileage on page 596.

In addition to the railway line, the company operates a steamship on the Coeur d'Alene
River and Lake, between Cceur d'Alene City and Mission, a distance of 50 miles ; also, under
the title of the Puget Sound and Alaska Steamship Co., a steamship line between Tacomaand
Seattle and Tacoma and Victoria, a total distance of 114 miles.

The proprietary lines were constructed by the Northern Pacific RR. Co. under separate
charters obtained in the several States in which the lines are situated, and were operated by
the parent company under leases or traffic contracts. (See previous editions of the MANUAL,
particularly those for the years 1885 to 1890.) The present Northern Pacific Ry. Co. owns
substantially all of the stocks and 1st mtge. bonds of these companies, as shown in the fol-
lowing statement.

NAME OF RAILROAD.

Length.

STOCKS
OUTSTANDING.

FIRST MORTGAGE BONDS
OUTSTANDING.

Total Issue.

Owned by
No. Pac.

Total Issue.

Owned by
No. Pac. &
deposited
with Mtge.
Trustee.

Held by
the
Sinking
Fund.

Little Falls and Dakota RR

Miles.
89.28
117.83
87.51
36.75
102.59
21.33
14.84
18.03
22.17
52.93
14.27
5.48
19.55
11.87
10.92
45.43
45.58
44.51
183.31
263.87

1,463,358

15,000,000
4,000,000
300,000
3,200,000
318,000
133,500
1,600,000
402,000
1,000,000
500,000
300,000
225,000
424,000
172.000
2,000,000
275,000
5,000,000
4,961,000

j- 1,000,000

j- 1,000,000

5,306,100
400,000
1,000,000
2,000,000

1,460,208
15,000,000
4.000,000
300,000
3,200,000
318,000
113,500
1,600,000
402,000
1,000,000
500,000
300,000
225,000
424,000
172,000
2,000,000
275,000
5,000,000
4,961,000

1,000,000

1,000,000

5,306,100
204,000
1,000,000
2,000,000

$

1,757,000
2,342,000
1,748,000
730,000
2,050.000
318,000
133,000
270,000
402,000
1,034,000
270,000
68,000
388,000
375,000
No bonds.
No bonds.
1,383,000
889,000
5,293,000
j 5,260.000
1 750,000
j 1,218,000
1 1,766,000
8,843,000
400,000
963,000
3,101,000

$

1,577,429
2,102,701
1,569,398
665,750
1,843,916
318,000
133,000
270,000
366,599
942,941
270,000
68,000
388,000
375,000

179,571
239,299
178,602
64,250
206,084

Northern Pacific, Fergus and Black Hills
Fargo and Southwestern

Sanborn, Cooperstown & Turtle Mountain RR.

Northern Pac., La Moure & Missouri River RR.
Southeastern Dakota RR .... .... ...

Jamestown and Northern Extension RR

Helena and Jefferson County RR ....

35,401
91,059

Rocky Mountain RR. of Montana

Spokane Falls and Idaho

Clealutn RR .

Green River and Northern RR

Rocky Fork and Cooke City RR

Northern Pacific and Puget Sound Shore RR. .
Duluth Crookston and Northern RR .

1,383,000
889,000
5,298,000
5,260,000
750,000
1,218,000
1,755,000
8,749,000
381,000
962,000
3,096,000

United RRs of Wash in "ton ....

Northern Pacific and Manitoba Terminal

64.46
89.33
362.30
18.16
63.75
210.18

Spokane and Palou*e, Washington Division...
Northern Pacific and Montana RR ....

Helena and Red Mountain RR

James River Valley RR . ...

Daluth and Manitoba RR . .

Totals

2,015.64

51,979,958

51,780,808

41,756,000

40,631,734

994,266

On Feb. 1, 1898,. this company assumed control of the Seattle and International Ry. Co.
and in the same month purchased the entire capital stock and a majority of the income bonds
of the Washington and Columbia River Ry. Co. ; subsequently in April, 1898, the Washing-

598

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

ton Central Ry. was leased. The bonds of the Spokane and Seattle Ry, Co. are owned by
this company. (See statements of these companies on pp. 602-3.)

Rolling Stock, June 30, 1897.— Locomotives, 582. Passenger train cars, 439 ; freight
train cars, 18,216 ; miscellaneous equipment, 2,079— total car equipment, 20,734. Details as
follows :

Locomotives ;

Passenger Train Cars ;

Freight Train

Cars ;

Miscellaneous Equipni't :

Sleeping cars (J interest) 50
Business cars 8

Box cars

...9,557

Caboose cars. 310

Mastodon, compound ... 4
Consolidation 40
Consolidation, comp'nd. 3
Ten-wheel 61

Furniture cars . . .

. 539

Boarding cars 11(5

Dining cars 25
First-class coaches 80

Refrigerator cars

.. 269

Tool cars 16

Beer cars

42

Wrecking cars 10

Second-class coaches 60
Tourist sleepers 39
Emigrant sleepers 19
Combination cars 25
Baggage cars 43

Fruit cars

28

Ferry cars 2

Ten-wheel, compound . . 2
Mo<nil ..140

Stock cars

910

Hand and push cars. . .1,462
Pile-drivers & tender.. 10
Large scow & (2) scow-
drivers 3

Flat cars

3,961

Mo<*ul compound .... 5

Oil cars
Coal cars

309
2,401

Eight-wheel 247

Six-wheel switch 60
Four-wheel switch 16

Express cars 29
Mail and express cars. . . 40
Postal cars 13

Log trucks 1 1 1 1 1 1 1

..... 200

Stone derricks 2

Total

....18,216

Rotary snow-plows &
tank 8

Narrow-gauge < < < < • > 2

Total 582

Superintendents' cars... 8

Steam shovels 8

Ditcher 1

Side dumps 2

Velocipedes 123

Steamers 4

Barges •. 2

Total. 439

Total 2,079

There is also the following unserviceable equipment, acquired from the Northern Pacific
RR. Co.: 43 light locomotives, 9 old style steam shovels, 16 flat cars.

Operations, for 10 months ending June 30, 1897. — See tabulated statement below.

Expenses— Conducting Transportation $4,626,910 21

Maintenance of Equipment 1,287,917 01

Roadway and Structures 2,711,218 11

General 529,827 34

Taxes 428,980 71

Earnings— Passenger

Freisht il,085.88285

Mail 1

Express V 1,005,536.49

Miscellaneous . . \

Total ($3,415.24 per mile) $14,941,818 22 Total ($2,190.80 per mile) $9,584,853 38

Net earnings (35.85 p. c.), $5,356,964.84; add dividends and interest on securities owned,
$255,340.85— total income, $5,612,305.69. Charges: Interest on bonds, $5,110,248; losses
and accounts written off, $12,228.79— total, $5,122,476.79. Surplus, $489,828.90.

Statement of operations and income for seven fiscal periods ending June 30:

1891

1892

1893

1894

1895

1896

1897

(10 mos.)

Miles RR. (aver.) Oper.
Passenger Train Miles. .
Freight Train Miles
Passengers C'arried
Passenger Miles. .

4,222.20
4,794,183
8,660,880
2,849,154
244,3-21,201
3,658.304
1,258,266,789

s

6,680,491
17,531,222
939,831

4,411.90
4,595,100
8,299,036
2,724,830
222,758.224
3,936,976
1,227,797,469
S
6,296,285
17,383,772
981,401

4,44290
4,329,800
8,938,543
2,687,135
214,455,590
4,165,712
1,368,243,494
$
5,917,054
17,017,630
985,425

4,468.32
3,796,051
7,084,925
1,583,976
161,041,620
3,286,474
1,027,149,898
S
3,960,772
11,418,692
1,167,746

4,468.98
3,107,648
7,189,057
1,241,033
116,748,976
3,781,316
1,177,156,867

3.235,295
13,060,113
1,139,573

4,404.3
3,258,75',
7,025,615
- 1,417, 482
135,236,417
4,287,52-J
1,316,958,350

S

3,680.103
14,951,213
1,231,844

4,375.05
2,599,690
5,269,646
1,027,446
97.953.459
3,264.143
962,487.274
8
2,850,399
11,085,883
1,005,536

Freight (tons) Moved.. .
Freight (ton) Miles

Passenger Earnings. . . .
Freight Earning?

Other Receipts

Gross Earnings
Expenses and Taxes

Net Earnings

25,151,544
15,400,997

24,661,458
14,577,350

23,920,109
14,934,112

16,547.210
12,281,945

17,434,981
11,821,398

19,863,160
12,508,181

14,941,818
9,584,853

9,750,547

5.956 98
3,647 62
2,30936
61. 23 p. c.
2.63c.
1.38c.

10,084,108

5,589 76
3,304 10
2,28566
59.11 p. c.
2.70c.
1.40c.

8,985,997

5,38390
3,361 34
2,022 56
62. 43 p. c.
2.63c.
1.23 c.

4,265,264

3,703 23
2,740 50
96273
74. 22 p. c.
2.46c.
1.11 c.

5,613,582

3,90133
2,645 21
1,256 12
67. 80 p. c..
2.77c.
1.11 c.

7,354,979

4,50991
2,83997
1,66994
62. 97 p.c.
2.72c.
1.13c.

5,356,965

3,415 24
2,19080
1,22444
64. 15 p. c.
2.80C.
1.14c.

Earnings per Mile
Expenses per Mile
Net Earnings per Mile .
Expenses to Earnings. .
Aver. p. Pass. p. Mile..
Aver. p. Ton p. Mile...

POOR'S MANUAL — NORTHERN PACIFIC RY. CO.

599

Income, etc., supplementary statement for 10 months endiug April 30, 1898. — Gross
earnings, $20,031,210. Operating expenses, $10,056,586 ; taxes, $541,700— total, $10,598,-
286. Net earnings, $9,423,924; miscellaneous income, not including land sales, $285,772 —
total net income, $9,709,696. Proportion of fixed charges, $5,150,000. Balance, $4,559,696.
Dividends of 1 p. c. each have been paid on preferred stock, on Jan. 15, March 3, and June
3, 1898.

General Balance Sheet, June 30, 1897.

Northern Pacific Estate §294,766,830 67

Equipment 12,924,209 01

Cash in Hands of Sinking Fund Trustees 195,103 15

Treasury Securities, Ledger Value 3,701,566 70

Materials on Hand 1,317,735 91

Accounts Receivable 1,322,207 92

Bills Receivable 172,626 40

Cash on Hand and in Banks 2,000,681 88

Betterment and Enlargement Fund:

Cash in Bank $2,623,759.87

Gen. Lien Bonds, $2,210,000

@60p.c 1,325,086.80— 3,948,84667

Land Department : Current Operations . 624,005 80

Total Assets $320,973,814 11

Capital Stock— Common $75,000,000

Preferred.... 80,000,000— $155,000,000 00
Funded Debt— Pr. Lien B'ds. 74,812,500

Gen. Lien B'ds 56,000,000

B'ds Assumed 25,570,000— 156,382,500 00

Gen. 1st Mtge. Conversion Fund 4,617,50000

Current Accounts 1,769,78906

Taxes Accrued on Railroad 299,739 79

Accrued Interest 447,505 00

Matured Interest, incl. July 1, 1897 1,258,478 00

Reserve Funds 104,72033

Liquidation Fund 603,75303

Profit and Loss 489,829 90

Total Liabilities $320,973,81411

Capital Stock. — Shares are for $100 each, registered as to name, and transferable, at the
option of the holder, either in New York or at the Deutsche Bank, Berlin.

Preferred stock has priority over common for dividends up to 4 p. c., and is entitled to
an equal share of dividends in excess of 4 p. c. on both classes. Preferred dividends are free
of all taxes, and may be collected in Berlin upon preferred stock registered there, at the fixed
rate of M. 4.20 per dollar. It is provided that the preferred stock shall have the right to elect r
a majority of the board of directors whenever for two successive quarterly periods after July
1, 1897, the full and regular quarterly dividends on that stock at the rate of 4 p. c. peraunuin
are not paid in cash. The company may retire the preferred stock in whole or in part, at par,
from time to time, on any 1st of January up to and including Jan. 1, 1917. Dividends of 1
p. c. each were paid on the preferred stock on Jan. 15, March 3 and June 3, 1898.

No additional mortgage can be placed upon the property, nor can the present amount of
the preferred stock be increased, except in each instance after obtaining the consent of the
holders of a majority of the whole amount of the outstanding preferred stock, given at a
meeting of the stockholders called for that purpose, and also the consent of a majority of
such part of the common stock as shall be represented at such meeting, the holders of each
class of stock voting separately. During the continuance of the voting trust, the consent of
holders of like amounts of the respective classes of beneficial certificates is also necessary for
the purposes indicated.

Voting Trust. — Both classes of stock, except 2,000 shares of common stock, are deposited
with J. P. Morgan & Co., New York, and the voting power thereon is vested in J. Pierpont '
Morgan, Georg Siemens, August Belmont, Johnston Livingston and Charles Lauier as voting
trustees, to be held by them and their successors jointly until Nov. 1, 1901, although the
trustees in their discretion may deliver and distribute the stock at any earlier date. Until
delivery of the stock is made by the voting trustees, stock trust certificates will be issued en-
titling the registered holder to receive payments equal to the dividends collected by the trus-
tees upon a like number of shares.

The voting trustees' certificates are registered as to name, and are transferable in New
York and in Berlin; in New York they are signed by J. P. Morgan & Co., as agents for the
voting trustees, and registered by Central Trust Co. of New York, as registrar of transfers,
and in Berlin they are signed by two officers of the Deutsche Bank, as agent for the voting
trustees, and are registered by the Deutsche Bank as registrar of transfers.

New York certificates may be discharged to Berlin, upon their surrender to the agents of
the voting trustees in New York, and in like manner Berlin certificates may be discharged to '
New York. In all cases of such discharge a suitable voucher will be given entitling the
holder to obtain a new certificate to be issued at the place to which the old certificate has
been discharged.

600

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement of funded debt, June 30, 1897:

:

OATE or

INTEREST.

Amount
Out-

Interest

Issue-

Maturity.

Rate.

When Payable.

standing.

10 Mos.

N P RR Missouri Division cy

1879

May 1, 1919

p.c.

May & Nov.

*1, 775,000

88,790

N. P. RR.! Gen. 1st Mtge., gold
St. P. & N. P., Gen. Mtge., gold
West of Minn 1st Mt<*e , cy

1881
1883
1877

Jan. 1, 1921
Feb. 1, 1923
May 1, 1907

6
6

7

Jan. & July.
See below.
May & Nov.

15,392,000
8,003,000
420,000

812,240
400,150
23,800

N P Ry , Prior Lien, gold

1896

Jan. 1, 1997

4

J., A., J. & 0.

74,812,500

2,469.768

N. P. Ry., Gen. Lien, gold

1896

Jan. 1,2047

3

F., M., A. & N.

56,000,000

1,315,500

Totals

156,882,500

5,110,248

* Called for payment Nov. 1, 1897 (see note below).

The fixed interest charges as above were at the rate per annum of $6,132,297. By various conversions of
securities during that period these annual charges were reduced July 1, 1897, to $6,110,276. By the retirement
of the Missouri Division bonds, and by the conversion of gen. 1st mtge. bonds into prior lien bonds, the fixed
interest charges on bonds held by the public were still further reduced Nov. 1, 1897.

The Missouri Division bonds are a first lien on the line from Missouri River to Yellowstone, 205 m., and
on the lands appertaining to that division. Under date of Sept. 1, 1897, the entire amount of these bonds were
called for payment at par Nov. 1, 1897, by an issue of prior lien 4 p. c. bonds. Trustee: Farmers' Loan and
Trust Co., New York, N. Y.

The gen. 1st mtge. gold bonds are secured on 2,157.35 m. of main line and the appurtenances, property,
etc., appertaining thereto, and also on the land grant west of the Missouri River; subject only to the lien of
the Missouri Division mtge., the bonds under which were called for payment Nov. 1, 1897. The lands in
Minnesota and Dakota east of the Missouri River become an additional security for the payment of the general
1st mtge. in the event of a default in payment of interest on the bonds issued thereunder. The bonds are in
coupon form, for $1,000 each, with provision for registration as to principal, such registered bonds being re-
exchangeable into bonds to bearer; or they may be exchanged for full registered bonds in sums of $5.000.
which registered bonds are not transferable" to bearer. There is a sinking fund of 1 p. c. per annum for pur-
chase of bonds in the open market, at not exceeding 110; but if such purchases cannot be effected the bonds
are drawn at 110 and accrued interest, none of the registered bonds to be drawn until all the coupon bonds
shall have been redeemed. The bonds are receivable for lands at 110, and proceeds of land sales may be
applied to payment of interest on them of the earnings of the road are insufficient. Drawings for the sinking fund
are made about May and Nov., and drawn bonds are paid off at once; but if not presented immediately they
carry interest to the interest day following the drawing. Of the $40,732,000 of these bonds which were out-
standing previous to the reorganization, $30,320,000 have been acquired and pledged under the prior lien
mtge., and $781,000 retired by operation of the sinking fund, leaving $9,631,000 outstanding, May 12, 1898.
Principal and interest payable in New York, free of all United States taxes. Trustee: Central Trust Co., New
York.

The 1st mtge. bonds of the Western RR. of Minnesota are secured on the section of the St. Paul and
Northern Pacific RR. from Sauk Rapids to Brainerd, Minn., 60.5 m., and on the land grant appertaining to
that line (see page 601). The bonds are for $1,000 each; interest payable at the New York office of the
Northern Pacific Ry. Co. They were assumed by that company in the reorganization.

The St. Paul and Northern Pacific gen. mtge. bonds are subject to the Western Minn, bonds on the
line from Sauk Rapids to Brainerd and on the land grant, and are a first lien on the rest of the railroad and
property of the St. P. & N. P. Ry. Co. The bonds are for $1,000 each, in coupon form, with provision for
registration as to principal; or coupon bonds may be exchanged for registered certificates of the denomination
of $1,000 or multiples thereof. Interest payable at the New York office of the Northern Pacific Ry. Co., — on
the coupon bonds, Feb. 1 and Aug. 1, and on registered bonds on the 1st of Feb., May, Aug. and Nov. Trus-
tee: Central Trust Co. of New York.

The prior lien mtge. bonds are authorized to the amount of $130,000,000, of which $74,812,500 had been
issued at the close of the fiscal year, in part payment for the Northern Pacific Estate, the remainder being
reserved for the following purposes: $10,178,000 for the retirement of an equal amount of Missouri Div..
Western RR. of Minn, and St. P. & N. P. Ry. Co. bonds; $20,009,500 for the retirement of $15,392,000 gen. 1st
mtge. and land grant bonds of the N. P. RR. Co., and $25,000,000 for new construction, betterments, equip-
ment and other purposes, under carefully guarded restrictions in the mtge., and issuable to the extent of not
exceeding $1,500,000 per annum. Since the close of the fiscal year and up to June 1, 1898, an additional $10,-
538,500 of these bonds have been issued, $7,283,500 in exchange for $5,771,000 gen. 1st mtge. bonds, $1,755,000
for the retirement of an equal amount of Missouri Division bonds, drawn for redemption by the sinking fund
and paid Nov. 1, 1897, and $1,500,000 for construction, betterments, etc. The bonds are secured on the entire
property of the company, now owned or which may be acquired hereafter by means of any of the bonds to be
issued under the prior lien or gen. lien mtges., subject, however, to the liens of the prior existing mtges.
shown in the bond statement and in the tabje on page 597. Through the ownership of substantially all the
securities shown in the table on page 507 the prior lien mtge. bonds are even now virtually a 1st lien on the
2,015.64 m. of branch lines, and by deposit of the $24,958,000 gen. 1st mtge. bonds exchanged under the plan
of reorganization they represent about five-eighths of the 1st lien on the main line and the mortgaged land
grant, subject only to the lien of the Missouri Division bonds. The proceeds of the lands applicable to the
prior lien mtge. bonds after the retirement of the gen. 1st mtge. bonds are to be applied one-half, but not
exceeding in any one year $500,000, to the purchase of prior lien mtge. bonds at not exceeding 110 p. c., and
their cancellation; and the other half, under carefully guarded restrictions, will be applied to betterments,
construction and additions to the property pledged as security for the bonds. Whenever prior lien mtge. bonds
can not be purchased at 110 p. c. the unapplied land proceeds for that year will be used to purchase gen.
lien mtge. bonds at not exceeding 100 p. c., and their cancellation.

The gen. lien mtge. provides for a present issue of $60,000,000 bonds, besides a reserve of $130,000,000 to
provide for the prior lien mtge. bonds on or before their maturity. The $56,000,000 now outstanding were
issued to carry out the plan of reorganization ; an additional $4,000,000 may be issued, under carefully guarded
restrictions, for construction, betterments, equipment, etc.

The prior lien and gen. lien bonds are in coupon form, for $500 and $1,000, with privilege of conversion
into registered bonds of $100 and multiples thereof. Registered bonds of large denomination may be con-
verted into registered bonds of small denomination, and vice versa. Interest on prior lien mtge. bonds issued
for the retirement of gen. 1st mtge. and land grant bonds began to accrue on July 1, 1896, while interest on
i eiot?-r ?°? °f those bonds accrues from Jan. 1, 1897. The first coupon of gen. lien bonds became payable May
1, 1897, being for four months' interest. Principal and interest of both issues are free from all taxes and are

POORS MANUAL — NORTHERN PACIFIC RY. CO.

601

payable in gold in New York, but coupons may be collected in Berlin and Frankfort-on-Main through the
Deutsche Bank at the fixed rate of exchange of M. 4.20 per dollar. Trustees: Prior lien mtge., Mercantile
Trust Co. of New York; gen. lien mtge., Farmers' Loan and Trust Co. of New York.

Statement of treasury securities, exclusive of the $2,210,000 gen. lien bonds held in the
betterment and enlargement fund.
PAR VALUE. TITLE OP SECURITIES.

BOOK VALUE,
June 30, 1897.

. . $1,225,890 00
250,000 00
422,480 00
264,91320
,... 1,082,92360
103,000 00
10,000 00

$10,058,450 00 Cash market value $1,646,619.80 in excess of book value $3,359,206 70

$4,086,300 00

2,500,000 00

528,100 00

440,000 00

2,391,050 00

103,000 00

10,000 00

Northern Pacific Railway Preferred Stock

Northern Pacific Railway Common Stock ,

Northern Pacific Railway Prior Lien Bonds

Northern Pacific Railway General Lien Bonds ,

Oregon Railroad and Navigation Co. Preferred Stock .

Minnesota Transfer Co. Bonds

St. Paul Eastern Grand Trunk Railway Bonds

600,000 00

Puget Sound and Alaska Steamship Co. Stock

60000 00 "I

425,000 00

Montana Union Railway Stock

42,500 00

429,000 00

Yellowstone Park Association Stock

86 800 00

315,450 00

Rocky Fork Coal Co. Stock

. . . . 31 545 00

629,100 00

Superior Consolidated Land Co. Stock

10,000 00

31,000 00

Superior Consolidated Land Co. Bonds

15 500 00

500,050 00

Tacoma Land Co. Stock

. . . 10,000 00

400,000 00

Central Washington Railroad Co.:
Reorganization Receipts

80,000 00

30,000 00

Bonos.,

6,00000

$13,418,050 00

2.889,226 12

Sundry Stocks, valued at $1.00 for each lot

15 00

MARKET VALUE,
Sept. 1, 1897.

$2,043,150 00
450,000 00
485,852 00
246,000 00
1,649,824 50
103,010 00
10,00000

$5,005,826 50

*342,36000

$16,307,276 12

Total $8,701,566 70

* Nominal value.

$5,348,186 50

Betterment and Enlargement Fund. — The plan of reorganization contemplated the provi-
sion of a fund of $5,000,000 for early use in the betterment and enlargement of the property
of the new company. This fund was realized and was received in cash and bonds as follows
(see also page 595) : $2,210,000 Northern Pacific Ry. Co. gen. lien bonds at 60 p. c., $1,325,-
086.80 ; cash, $3,674,913.20— total, $5,000,000. Upon requisitions of the executive officers,
approved by the directors, expenditures from this fund have been made during the past ten
months — for real estate and buildings for terminal facilities, $559,009.67 ; other betterments
and enlargements of railroad and structures, $260,114.65 ; equipment, $232,029.01 — total,
$1,051,153.33. The $2,623,759.87 of cash remaining is deposited in a special and separate
bank account. The $2,210,000 gen. lieu bonds are not included in the treasury securities
available for the general purposes of the company, a statement of which precedes this, but
are kept separately as part of the betterment and enlargement fund.

In addition to this fund the prior lien and gen. lien mtges. appropriate cash and bonds
for similar purposes, but limited in the amount available per annum, and restricted as to the
methods and purposes of application. (See remarks relating to those mtges., p. 595.)

Land Grant. — As stated in previous editions of the MANUAL, the Northern Pacific RR.
Co. received a land grant approximating 43,000,000 acres, of which, according to the record of
the General Land office, 21,428,270.34 acres had been patented to the company and its succes-
sor to June 30, 1897.

In the MANUAL for 1897, page 579, was published a statement showing the condition of
the land grant on June 30, 1896. The area of unsold lands according to that statement aggre-
gated 34,638,873 acres, of which 30,899,999 acres were west of the Missouri River, the remain-
ing 3,738,874 acres being in Minnesota and North Dakota east of the Missouri River. At the
foreclosure sale of the Northern Pacific RR. Co.'s property the lands lying west of the Missouri
River were purchased by the Northern Pacific Ry. Co., the aggregate price paid the~efor
being $5,605,200. A revised estimate of the area thus acquired by the present company, as
of Sept. 1, 1896, shows an aggregate of 30,893,199 acres. By the absorption of the St. Paul
and Northern Pacific Ry. Co. an additional grant of 141,034 acres was acquired, 48,310 of
these acres being unpatented. During the ten months ending June 30, 1897, there were.sold
from the Northern Pacific lands 324,018.70 acres, and from the St. Paul aud Northern Paci-
fic lands, 5,976.70 acres, wBile there were added, through cancellation of contracts, 191,631.10

602 POOE'S MAKUAL OF RAILROADS— KAILRO AD "SYSTEMS."

acres to the Northern Pacific lands and 6,118-32 acres to the St. Paul and Northern Pacific
lands ; a net deduction of 132,245.98 acres from both grants. The net sales of lands (mainly
upon long credit witli small cash payments), after deducting cancelled contracts, were as
follows : Northern Pacific lands west of Missouri River, $415,165.17 ; St. Paul and Northern
Pacific lands, $2,859.56— total, $418,024.73. The following statement shows the condition
of the land grant on June 30, 1897 :

Acres, Acres.

Sept. 1, '96. June 30, W.

Northern Pacific Grant :

North Dakota, West of Missouri River 4,449,267 4,434,468 92

Montana... 15,800,500 15,668,95350

Idaho 1,832,234 1,826,53222

Washington 8,664,435 8,683,211 93

Oregon.. 146,763 147,64483

Total, Lands West of Missouri River 30,893,199 30,760,811 40

St. Paul and Northern Pacific Grant 141,034 141,175 62

Minnesota (48,310 acres^unpatented) 31,034,233 30,901 ,987 02

The 3,738,874 acres of Northern Pacific lands unsold in the States of Minnesota and
North Dakota east of the Missouri River were not covered by the mtges. foreclosed in the
reorganization ; therefore they were not included in the sale. They are still in the hands of
the receivers, but steps are in progress to acquire them for the new company.

Land Department Balance Sheet, JuneSO, 1897. — Assets : Contracts for the sale of lands,
the same being covered by all the mtges. in -the order and according to the terms of their
respective liens (covered by the mtges. of the N. P. RR. Co. as first liens, $1,127,124.21 ; cov-
ered by the mtges. of the St. P. & N. P. Ry. Co. as first liens, $76,459.98), $1,203,584.19 ;
accounts receivable, $96,656.99 — total, $1,300,241.18. Contra: Accounts payable — pay rolls
and vouchers, $61,935.38 ; tax fund, reserved to pay taxes in dispute, all of which is applic-
able to operations during several years prior to Sept. 1, 1896, $614,300 ; Northern Pacific Ry.
Co., advance account, $157,850.58; balance of current assets, $466,155.22— total, $1,300,241.18.

Board of Directors, elected Oct. 5, 1897.

Edward D. Adams.New York, N. Y.

John G. Moore "

Dumont Clarke... " "

Chas. H. Coster... " "

Robt. M. Gallaway " "

Braytpn Ives New York, N. Y.

D. Willis James... "
Daniel S. Lament.. "

Charles S. Mellen St. Paul, Minn.

Walter G. Oakman.New York, N.Y.

Samuel Spencer. .
Francis L. Stetson
Oliver H. Payne..
James Stillman. .
Eben B. Thomas.

New York, N. Y.

CHARLES S. MELLEN, President St. Paul, Minn.

Daniel S. Lamont, Vice-President New York, N. Y.

Sec. & Asst. Treas.—Qeo. H. Earl.. ..New York, N. Y.
Treasurer— C. A. Clark St. Paul, Minn.

Comptroller — Henry A. Gray St. Paul, Minn.

Gen. Manager — J. W. Kendrick

OFFICE AND ADDRESS St. Paul, Minn.

General Ofiice 35 Wall St., New York, N. Y.

RAILROADS, CONTROL or WHICH WAS ACQUIRED BY THE NORTHERN PACIFIC RY. Co. SINCE THE CLOSE OF

THE FISCAL YEAR.

SEATTLE AND INTERNATIONAL BY.— Main Lines: Seattle to Snmae, Wash., 125.3 m.;
Woodenville to Sallal Prairie, Wash., 38.45m.; branches (Salmon Bay, Huron Bay), 5m.— total, 168.75 miles.
Sidings, etc., 26.10 miles. Gauge. 4 ft, 8f in. Rail (steel, 192.85 m.), 60 Ibs. Chartered July 1, 1896, and on that
date succeeded to the property and franchises of the Seattle, Lake Shore and Eastern Ry. Co., west of the Cas-
cade Mountains, in pursuance of tha plan of reorganization printed on page 334 of the MANUAL for 1896. On
April 1, 1898, this company passed under the control of the Northern Pacific Ry. Co., through purchase of practi-
cally all the certificates of deposit of the Seattle, Lake Shore and Eastern Ry. Co. Locomotives, 12. Cars-
passenger, 10 ; baggage, etc., 5 ; freight (box, 47 -flat, 181 ; coal, 125), 353 ; caboose, 5 ; logging, 157— total, 530.

Operations year ending June 30, 1897.— Trains run (passenger, 135.244 ; freight, 89,201 ; other, 60,362),
284.807 miles. Passengers earned, 217,364 ; carried one mile, 4,122,723. Tons moved, 293,373 ; ton-miles, 11,041,-
383. Earnings (passenger, $67,789 ; freight, $191,863 ; other, $21,488), $281,141. Operating expenses, $219,816.
Net earnings, $61,325; other receipts, $1,672— total, $62,997. Payments: Taxes, $24,200; other payments,
$7,6311-1 otal,831, 839. Surplus, $31,158.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), S2,400,000 ; funded debt (1st mtge. 4
p. c. 30-yr. $1,000 gold coupon bonds, due Nov. 1, 1926, interest May and Nov.), $4,450,000 ; current accounts,
$59,483; tide land payments extending over next ten years, $21,576; profit and loss, §31,158— total, $6,962,217.
Contra; Cost of road, etc., $6.858,763; real estate, etc., $25,163; materials, etc., $15,461; accounts, $51,638;
cash, $11,192— total, $6,962,217. Trustee of bonds : Manhattan Trust Co., New York, N. Y. The entire stock and
bonds of the company will be held in trust for five years by three trustees— H. O. Armour, H. W. Sage, and A. H.
White— who will nominate the directors from year to year. If, during this period, the earnings of the company
in the estimation of the trustees, shall warrant the payment of the bond interest or any portion thereof, the
amount of such interest so determined shall be paid equally and pro rata to the owners of trust certificates of the
Manhattan Trust Co. of New York. If, however, there shall remain at the termination of the said trust period
any interest due and unpaid upon any of the bonds such interest shall be waived by the owners of said bonds.

POOR'S MANUAL— NORTHERN PACIFIC SYSTEM. 603

If, during the said trust period, any proposition shall be offered, looking to the purchase of the securities of the
company, the leasing of the property or its consolidation with other companies, this proposition shall be sub-
mitted by the trustees to the holders of registered certificates at a meeting called for that purpose, and on a vote
of 60 p. c. in amount of said certificate holders, said proposition shall be decided.

Trustees (elected Jan., 1898).— Chas. S. Mellen, Chas. H. Coster, Edward D. Adams, Chas. W. Bunn, W. C.
Pearce, Thos. Cooper, Wm. Nelson Cromwell. OFFICERS : CHAS. 8. MELLEN, Pres.; Chas. A. Clark, Treas., St.
Paul, Minn.; Geo. H. Earl, Sec., New York, N. Y.; Geo. W. Harris, And., Seattle, Wash. GENERAL OFFICE,
Seattle, Wash.

SPOKANE AND SEATTLE BY.— Spokane to Davenport, Wash., 50.05 miles. Sidings, 1.40 miles.
Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered July 1, 1896, and on same date succeeded to the property and
franchises of the Seattle, Lake Shore and Eastern Ry. uo., east of the Cascade Mountains, in pursuance of the
plan of reorganization published on page 334 of the MANUAL for 18%. Passed under the control of the Northern
Pacific Ry. Co. in April, 1898. No equipment owned.

Income Account, year ending June 30, 1897.— Receipts (trackage, $14,400 ; rents, $25), $14,425. Sundry
payments, $3,630. Surplus, $10,395.

Financial Statement, June 30, 1898.— Capital stock (shares, $100) authorized and paid in, $600,000 ;
funded debt 4 p. c. 30-yr. $1,000 gold coupon bonds, due Nov., 1926, interest May and Nov., $1,112,000 ; current ac-
counts, $1,815; profit and loss, $10,395— total, $1,724,210. Contra: Cost of road, $1,712,000; current accounts,
$1,200; cash, $11,010— total, $1,724,210. Trustee of bonds: Manhattan Trust Co., New York, N. Y. Cost of road,
$2,121,045. All the stock and bonds of the company will be held in trust for five years by three trustees--!!. O.
.Armour, H. W. Sage, and A. M. White — who wilj nominate the directors from year to year. If, during this
period, the earnings of the company, in the estimation of the trustees, shall warrant the payment of the interest
on the bonds, or any portion thereof, the amount of such interest so determined shall be paid equally and pro

looking to the. purchase of the securities of the company, the leasing of the property or its consolidation with
other companies, this proposition shall be submitted by the trustees to the holders of registered certificates at a
meeting called for that purpose, and on a vote of 60 p. c. in amount of said certificate holders, said proposition
shall be decided.

Trustees (elected Jan., 1S98).— Chae. S. Mellen, Edward D. Adams, Chas. H. Coster, Chas. W. Bunn, W.
G. Pearce, Thos. Cooper, Wm. Nelson Cromwell. OFFICERS : CHAS. S. MELLEN, Pres.; Chas. A. Clark, Treas.,
St. Paul, Minn.; Geo. H. Earl, Sec., New York, N. Y.; Geo. W. Harris, Aud., Seattle, Wash. GENERAL OFFICE,
Seattle, Wash.

WASHINGTON AND COLUMBIA RIVER RY.-Pendleton, Ore., to Dayton, Wash., 128.41 m.;
Eureka June, to Pleasant View, Wash., 19.73 m. ; Athena, Ore., to Killian June., Ore , 14.59 m.— total, 162.73 m.;
sidings, etc., 17.67 miles. Gauge, 4 ft. 8^ in. Rail (steel, 180.4 m.), 56 Ibs. Chartered Aug. 4, 1892, as successor to
the Oregon and Washington Territory RR. Co. (See MANUAL for 1893.) On Feb. 21, 1898, passed under the control
of the Northern Pacific Ry. Co., through purchase of practically all its stork and income bonds. The road, how-
ever, will continue to be operated independently. Locomotives, 7. Cars— passenger, 2 ; baggage, etc., 1 ; freight
(box, 14 ; flat, 40), 54 ; caboose, 7 ; other, 2— total, 66.

Operations year ending June 30, 1897.— Trains run (mixed, 130,332; other, 1,181), 131,463 miles. Pas-
sengers carried, 16,879; carried one mile, 545,319. Tons moved, 106,435; ton-miles, 1,887,651. Earnings (pas-
senger, $22,493; freight. $179,425; other, $11,341), $213,859. Operating expenses, $122,602. Net earnings,
$90,658 ; other receipts, $2,909— total, $93,567. Payments : Interest on bonds, $100,000 ; taxes, $15,432 ; other
payments, $7,638— total, $123,070. Deficit, $29,504 ; surplus forward, $38,307 ; net surplus, $8,803.

Financial Statement, June 30, 1897.— Capital stock (shares, $100), $3,000,000 ; funded debt (1st mtge.
4 p. c. 40-yr. $1,000 coup, gold bonds, due July 1, 1935, interest Jan. and July, $2.500,000 ; income 4 p. c. 40-yr. non-
cumulative $1,000 coup, bonds, interest payable Sept. 1 annually, if earned, auth.. $2,500,000 ; issued, $2,245.000),
$4,745,000; accounts, $31,105 ; profit and loss, $8,803— total, $7,784,908. Contra: Cost of road, etc.. $7,725,113 ;
materials, etc., $20,456 ; accounts, $7,034 ; cash, $32,305— total, $7,784,908. Interest on bonds payable at the office
of the trustee, Farmer*' Loan and Trust Co., New York, N. Y.

Directors (elected Feb. 19, 1898).— C. S. Mellen, C. W. Bunn, St. Paul, Minn.; Daniel S. Lament, New York,
N. Y.; L. S. Miller, Seattle, Wash.; Thomas Cooper, W. D. Tyler, W. G. Pearce, Tacoma, Wash.; W. S. Bj-ers,
Pendleton, Ore.; Frank W. Paine, Walla Walla, Wash. OFFICERS : C. S. MELLEN, Prf*., St. Paul, Minn.; Geo. H.
Earl, Sec.. New York, N. Y.; J. G. Cutler, Treas.; Joseph McCabe, Gen. Mgr., Walla Walla, Wash. GENERAL
OFFICE, Walla Walla, Wash.

WASHINGTON CENTRAL RR.— Cheney to Coulee City, Wash., 108.3 m.; trackage, N. P. Ry.;
Cheney to Spokane, Wash., 16.4 m.— total operated, 124.7 m.; sidings, etc., 7.2 miles. Gauge, 4 ft. 8i in. Rail
(steel), 56 Ibs. The Central Washington RR. Co. was chartered about March, 1888, and leased from completion
(in 1891) to the Northern Pacific RR. Co. Interest on bonds defaulted Sept. 1, 1893. Receivers appointed Oct. 6,
1893, but discharged Nov. 12, 1894. Temporary receivers appointed on application of bondholders inMay, 1895, and
C. P. Chamberlin confirmed as sole receiver on Sept. 28, 1895. At the same time the Court removed the Farmers'
Loan and Trust Co. and appointed the Knickerbocker Trust Co. as trustee of the mt<re.,on application of the
bondholders. The receiver was authorised by the Court to cancel, on Nov. 30, 1895, the lease to the Northern
Pacific, and mike a new lease to the receiver of the western section of that road, or, failing in that, to lease the
road to another company, or operate it independently. The lease was accordingly terminated in Nov., 1895, and
the receiver began operating the road independently in the interest of the bondholders. Sold under foreclosure
Jan. 19, 1898; purchased on behalf of the reorganization committee for $100,000, and reorganized under the
existing title. Under the terms of the plan of reorganization the capital stock is to be $1,000,000, the entire
amount of which is to be assigned to the Northern Pacific Ry. Co. in consideration of a lease of the property to
that company, for a period of 999 years, at a rental equal to the interest on this company's 1st mtge. bonds, and
of the transfer to the reorganization committee of trust certificates representing $1,397,500 common f-tock of the
Northern Pacific Ry. Co. The company is to issue $1,538,000 1st tntge. 4 p. c. 50-yr. gold bonds, and these and
the voting trust certificates of T*»rthern Pacific Ry. Co. common stock are to be distributed among holders of
bonds of the old Central Washington on the basis of $715 of new 1st mtge. bonds and $650 of Northern Pacific
common stock trust certificates for every $1,000 of the old bonds. Besides the $1,538,000 of new bonds provided
for as above the new mortgage is " to contain a provision for the further issue of similar bonds equally secured
thereby, for the purpose of the construction, purchase, acquisition, and equipment of extensions or branches at
the rate of $15,000 per mile of such additional completed and equipped railroad." The new bonds are to bear
interest from March 1, 1898, payable quarterly ; principal and interest payable in gold. They are to be secured
by a first mortgage to the Knickerbocker Trust Co. of New York, as trustee, upon all the property of the com-
pany, whether now owned or hereafter acquired.

Operations, year ending June 30, 1897.— Trains run (passenger, 826 ; freight, 1,554 ; mixed, 77,111), 79,491
miles. Passengers carried, 13,670 ; carried one mile, 727,302. Tons moved, 40,971 ; ton-miles, 2,224,830. Earn-
ings (passenger, $23,819; freight, $60,010 ; other, $12,219), $96,048. Operating expenses, $65,809. Net earnings,
$30,239. Paid taxes, $11,259.

Reorganization Committee.— Charles T. Barney, Alfred M. Hoyt, Charles E. Eddy, New York, N. Y.

604: POCK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

PENNSYLVANIA RAILROAD COMPANY.

(For map of this system see page 605.) •

Lines of Road Owned (535.71 miles) -.

Filbert Street Ex.: W. Philadelphia to Broad Street Station, Philadelphia, Pa. 0.97 miles.

Philadelphia and Columbia RR.: W. Philadelphia to Columbia, Pa 80.15

Lancaster Cut-off: Conestoga June, to Dillerville June., Pa 2.42

Pennsylvania RR.: Harrisburg, Pa. , to Pittsburgh, Pa 248.54

Ddavmre Extension : W. Philadelphia to Dock St. Depot, Philadelphia, Pa. 7.84

Girard Point Branch : Hamburg June, to Girard Pt. and Point Breeze 2 06

Swanson Street Branch : Greenwich Pt. to Old Navy Yard, Philadelphia 1.22

Schuylkill River Branch : Haverford St. to Arsenal Bridge, W. Phila., Pa. . . 1.70

Fifty-second Street Branch : 52d St. to Monticello St., W. Philadelphia 0.14

Frazer Branch : Frazer to June, with West Chester RR., Zermatt, Pa 1.60

Trenton Branch : Glenloch, Pa., to Bucks Co., Pa., Line 29.94

Trenton Cut-off : Bucks County Line, Pa., to June. Trenton Cut-off, N. Y.

Div., at Delaware Division Canal 15.02

Columbia Bridge: Over Snsqueh. River from Columbia to Wrightsville, Pa.. 1.11

York Branch : Wrightsvifle, Pa., to York, Pa 11.77

Tyrone Branch : Tyrone to June. Bald Eagle Valley RR, Vail Station, Pa. . . 3.15

Hollidaysburg Branch : Altoona to Hollidaysburg and Portage Iron Works . . 10.90

Morrison's Cove Branch : Hollidaysburg to Henrietta, Pa 18.90

Martinsburg Branch : Martinsburg June, to Martinsburg, Pa 0.70

Bloomfield Branch : Bearing Spring to Ore Hill, Pa 3.00

Williamsburg Branch : Williamsburg Junction to Mount Etna, Pa 19.30

Springfield Branch : Springfield Junction to Oreminea, Pa 8.20

Clover Creek Branch: Clover Creek Jet. to Clover Creek Limestone Co.'s

Quarries 2.38

Lilly Branch : Lilly Station, Pa. , to Coal Mines 2. 12

Ben's Creek Branch : Ben's Creek Station, Pa., to Coal Mines 1.61

Martin's Branch : Main Line near Portage, Pa., to Coal Tinple 3.68

Wilmore Branch : June. "W. of Ben's Creek to 0.8 in. E. of Summerhill, Pa. . . 0.67

Sonman Branch : June. Pa. RR. at Sonman to Terminus r. 0.71

Johnstown Branch : June. 0.7m. W. of Conemaugh to Johnstown, Pa 1.60

Indiana Branch : Blairsville Intersection to Indiana, Pa 18.91

Tearing Run Branch : Tearing Run June, to Terminus, Pa 0.96

Homer and Cherry Tree Branch : Homer and Cherry Tree June, to Terminus. 0.45

Alexandria Branch : Donohue to Crabtree, Pa 4.55

Port Perry Branch: Penn. RR. near Brinton's to P., V. & C. Ry. at Thom-
son, Pa 1 33

Summerhill Branch : Summerhill to South Fork, Pa 2.03

Manor Branch : Manor to Claridge, Pa 4.30

Bull Run Branch : Jeannette Station to Terminus, Pa 0.67

Brush Creek Branch : Jeannette Station, Pa., to Terminus, Pa 0.54

Turtle Creek Branch : Stewart Station to Export, Pa 10.86

Lyons Run Branch : Saunders Station to Terminus, Pa 3.87

East Pittsburgh Branch : Stewart Station to Carnegie's Union RR 5.90

Total length of lines owned by Pennsylvania RR. Co., Dec. 31, 1897 53571 m es.

Lines Leased and Operated, Pennsylvania RR. Division (1,176.89 miles):

River Front RR.: In City of Philadelphia, Pa 0.85

Harrisburgh, Portsmouth, Mi. Joy and Lancaster RR. (see GENEKAI, INDEX). . 53.06

West CJiester RR.: Zermatt, Pa., to West Chester, Pa. . . 5.22
Penn. Schuyl. Valley RR. (P. RR. Div. portion): W.Phila. to Pottsv., Pa. and bn! 111.84

Dowmngtown and Lancaster RR. : Downingtowii to Conestoga June Pa . . 37.58

Pomeroy and Newark RR. ; Pomeroy, Pa., to near Newark Del ..!... 26.70

Columbia and Port Deposit Ry.: Columbia, Pa., to Perry ville, Md. . 43.21

Anbury and Lewiston RR. (See GENERAL INDEX) 55.88

Bedford and Bridgeport Ry.: Mt. Dallas, Pa., to Md. Line, and branch 49 17

Lewisbg & Tyrone RR. (P. RR. Div. portion): Tyrone toFairbrook, Pa., and'brs. 27.28

Bald EagleVy RR. (P. RR. Div. portion): Vail to Lock Haven, Pa., and brs. . 80.98
lyrone and Clearjield Ry..- Vail to Grampian, Pa., and branches . . 134 51

lipton RR.: Tipton to Tipton Run Coal Mines, Pa 4.44

Cresson find Irvona RR.: Cresson to Irvona, Pa., and branches 29 54

Cambria and Clearfield RR.: Cresson Jc. to Glei Campbell Jc., and branches. . 97.68

menKburg and Black Lick RR..- Ebensburg to Vintondale, Pa., and branches. . 14.75

kxmth fork RR. ; South Fork to Terminus, Pa. and branch 9 59

606

POOR'S MANUAL OF RAILROADS — RAILROAD " SYSTEMS.

Western Pa. RR.: Bolivar to Allegheny City, Pa., and branches .137.47 miles.

South West Pa. By.: Greensburg to Fairchance, Pa., and branches 111.87

Pittsburgh, Virginia and Charleston Ry.: (see GENERAL INDEX) 77.33

York, Hanover and Frederick RR.: York, Pa., to Frederick, Md 55.65

Scalp Level RR.: June. S. F. RR. to Scalp Level, Pa., and branch . . 12-29

Grand Total Pennsylvania RR. Division 1,712.60

Brought forward, Grand Total Pennsylvania RR. Division 1,712.60

Lines leased and operated, United RRs. of New Jersey Division 476.70

Lines leased and operated, Philadelphia and Erie RR. Division 568.33

Total all lines owned, leased and operated by the Pennsylvania RR. Co. .2,757.63 miles.

Second track on lines owned, 392.71 m. ; third track owned, 230.89 m.; fourth track owned,
145.52m.; sidings owned, 600.20 m.— total length of all track on main lines and branch" s
owned by Pennsylvania RR. Co., Dec. 31, 1897, 1,905.03 miles. Gauge, 4 ft. 9 in. Rail, Tfi,
60, 67, 70, 75, 85, and 100 Ibs., P. RR. standard pattern.

The Rockville Branch, Roekville, Pa., to Dauphin, Pa., 2.83 m., is owned by this com-
pany, but operated by the Northern Central RR. The mileage of that branch is not included
in this statement. la addition to its railroads, the Pennsylvania RR. Co. operates in connec-
tion with its United New Jersey Division. Jersey City Ferries, 1 m., and the Delaware and
Raritan Canal, 44m., and feeder, 22 m.; and operates jointly with the Cent. RR. Co. of N. J.,
the New York and Long Branch RR., 38.04 miles. The Pennsylvania RR. Co. owns and con-
trols, but operates under a separate corporate management, the Pennsylvania Canal, extend-
ing from Columbia to Nanticoke, with branches from Northumberland to Loyalsock Creek,
and from mouth of Juniata River to Newton Hamilton, Pa., a total length of 249 miles.

Statement showing the length, Dec. 31, 1897, of railroads and tracks in the several oper-
ating divisions into which the Pennsylvania RR. Co. 's system is subdivided :

DIVISIONS.

First
Track.

Second
Track.

Total
Track.

DIVISIONS.

First
Track.

Second
Track.

Total
Track.

United RRs. of N. J. Div.
NEW YOKK DIVISION.
New Jersey RR

Jf.
33.52
1.55
1.47
2.20
4.12
0 67

M.

33.52
1.45
1.09

.V.
224.70
29.55
4.53
2.82
6.21
0.67
0.16
4.33
14.44
2.34
7.56
112.79
4.19
2.93
5.41
0.76
131.06
1.96
5.66
6.91
2.53
6.34
2.07
0.38
50.34
8.63
0.71
1.14
4.33
4.19
1.44
18.22
1.16
7.63
0.64

AMBOY DIVISION. — Cont.
Cam. & Burl. County RR. .
Burl. &Mt. Holly Br....

M.

22.46
7.15

Jf.

M.

30.09
12. m
7.23
3.39
50.97
2.02
1.51

Harsimus Branch
Centre Street Branch
New York Bay RR
Passaic Branch
Lister Branch

Mt. H., Lum'n & Med. RR.
Vincentown Branch RR. . .
Phil:i. & Long Branch RR.
Brown's Mills Branch
Island Heights Branch.. .

5.95
2.84
46.09
1.80
1.18

Newark Bay Branch
West Newark Branch
Perth Amboy &Woodb.RR.
Bonhampton Branch . .
Millstone & N. Br'sw'k RR.
United RRs

0.16
2.05
6.40
1.89
6.64
23.02
4.16
2.38

1.67
4.67

Phil. & Beach Haven RR. .
Barnegat RR
Total Amboy Division. . .

BELVIDERE DIVISION.
Belvidere Delaware RR
Martin's Creek Ry. in Penn.
Martin's Creek Ry. in N. J.

12.09
7.73
223.97

67.49
0.15
0.14
11.55

33.34
0.81

14.41
8.67
387.30

140.17
0.15
0.18
13.04
2.17
2.63

23.02

Kingston Branch
Rocky HillRR

Princeton Branch .

3.11

Trenton Delaware Bridge
Philadelphia & Trenton RR.
Trenton Cut-off P. RR. . . .
Bustleton RR

0.19
26.50
0.68
4.16
5.13
1.76
2.77
0.76
0.24
6.75
4.82
0.69

0.19
26.50
0.68

Entfrprise RR

1.50

Millham Branch D. RRs.. . .
Total Belvidere Division .
Total U. BRs. ofN.J.Div.

New York & Long Br. RR.
Pennsylvania RR. Div.
PHILADELPHIA DIVISION.
Filbert Street Extension
Pennsylvania RR

1.11

1.11

81.94

1.92

158.34

Kensington & Tacony RR.
Frankford Creek Branch.
River Front RR

476.70
38.04

0.97
80.15
0 85

146.42
38.04

0.97
80.15

1224.37
95.77

9.17
379.95
1.17
55.97
3.38
11.55
10.44
0.57
2.02
7.12
73.91
36.61
41.01
28.62
8.07
91.96
46.32

" 2!27

Commerce Street Branch
Canal Street Branch
Connecting Ry

"'(L75
2.50

Delaw. River RR. & Bridge.
Branch No. 1

Brunch No. 2..

0.82
3.81

0.11

Branch No. 3

River Front RR

Phil.,Bnst't'n & Tr'ton RR.
Fair Hill RR .

3.55

0.78

7.84
1.22
2 06

7.63
1.22

Swanson Street Branch. .
Girard Point Branch

Phila., Ger. & Ches. H. RR.
Midvale Branch
Cresheiir Branch

6.75
0.85
6.27

6.74

Schuylkill River Branch. . .
Fifty-second St. Branch. . .
Frazer Branch

1.70
0.14
1.60

1.66
0.14

Engelside RR
Total New York Division.
AMBOY DIVISION.
Camden and Amboy RR. . .
Jamesburg Branch U. RRs.
Freeh. & Jamesb. ART. RR.
Bordentown BranchU.RRs.
Colnm., Kin. & Spring. RR
Florence Br. C. & A. RR.

0.17

170.79

61.15
5.59
27.54
6.10
14.16
2.14

111.16

26.47
5.58
0.25
1.04

678.78

181.44
13.12
35.40
9.14
15.23
2.38

West Chester RR
Trenton Branch

5.22
29.94
15.02
37.58
26.70

""29'.94
15.02

Trenton Cut-off

Downingtown & Lane. RR.
Pomeroy <te Newark RR. . .

Lancaster Cut-off P. RR
Harris., P., Mt. J. & L. KR. .
Columbia Branch

2.42
33.92
18.15

2.42
29.91
18.15

Total Phila. Division

265.48

187.21

807.84

POORS MANUAL — PENNSYLVANIA RR. CO.

607

DIVISIONS.

First
Track.

Second
Track.

Total
Track.

DIVISIONS.

First
Track.

Second
Track.

Total
Track.

SCHUYLKILL DIVISION.

Penn. Schuylkill Valley RR.
Pencoyd Branch

M.

91.44
1.28

M.
38.42

if.

175.96
1.38
13.74
2.47
9.40

ALTOONA DIVISION.
Pennsylvania RR

M.

4.94
10.90

M.

4.94
1.29

M.

112.05
19.00
0.82
20.84
3.74
1.15
23.84
10.90
3.81

Hollidaysburg Branch
New Port ageRR. (Sidings)
Morrison '8 Cove Branch. . .
Bloomfleld Branch

Phoenixville Branch

10.65
0.98

1.34

Front Street Branch

18.90
3.00

Minersville Branch

7.49

Total Schuylkill Division

FREDERICK DIVISION.
Columbia Bridge P. RR. . .
York Branch P RR

111.84

1.11

11 77

39.76

202.95

1.11
15.90
63.48
56.34

Martinsburg Branch . . .

0.70

Williamsburg Branch

19.30

Springfield Branch .

8.20

Clover Creek Branch.. .
Total Altoona Division . .

PITTSBURGH DIVISIONS.
Pennsylvania RR

2.38

68.32

116.03
2.12

6.23
116.03

196.15

495.50
2.95
3.84
0.76
7.17
0.67
3.64
12.55
1.58
12.53
3.35
2.78
6.83
82.56
5.86
2.67
3.79
8.08
12.90
8 42
1.82
2.24
2.64
1.21
0.43
0.92
1.87
4.19
1.33
1.20
0.46
1.28
5.90
3.63
S.89
1.27
0.95
0.33
1.69
1.97
0.34
0 58
0.88
8.23
13. y6
4.91
6.20

York. Hanover & Fred'k RR.
Col. & Fort Deposit By
Total Frederick Division.

MIDDLE DIVISION.
Harris., P., Mt. J. & L. RR. .
Pennsylvania RR

55.65
43.21

111.74

0.99

127.57

135.83

10.70
490.17

0.99
127.57

Lilly Branch .

Ben's Creek Branch

1.61

Sonman Branch

0.71
3.63

Tipton RR
Total Middle Division...

LEWIS-TOWN DIVISION.

Sunbury & Lewistown Ry.. .
Lewistown & Tusc. Bridge.
Total LewistownDivision

BEDFORD DIVISION.

Bedford and Bridgeport Ry. .
Dunning's Creek Branch. .
Total Bedford Division. .

TYRONE DIVISION.
Tyrone Branch P. RR

133.00

55.76
0.12

128.56

506.65

72.10
0.12

Wilmore Branch
Summerhill Branch

0.67
2.03

South Fork RR

8.12

Beaver Branch

1.47

Scalp Level RR

10.36

Paint Creek Branch. .

1.93

Johnstown Branch

1.60
4.55

0.60

55.88

88.70
10.47

72.22

47.79
11.00

Alexandria Branch

Southwest Pa. Ry

44.79
3.88

9.16

Unity Branch

Lippincott Branch

1.80

Whitney Branch

1.75

Radebaugh Branch
Hempfield Branch

3.95
9.14

0.85

3.15
19.90
5.30
2.08
51.20
22.22
2.52
2.05
2.99
49.63
n ?ft

1.82

22.84
20.98
6.11
2.16
63.63
27.09
2.60
2.37
5.85
75.02
1.10
20.21
2.73
10.52
1.17
1.83
1.11
0.44
0.50
5.13
5.53
2.04
1.84
1.26
1.10
2.98
3.27
2.58
1.04
10.79
6.28
1.42
3.37
5.52
0.84
3.68
3.57
1.37
4.07
1.71
1.79
1.08
1.92

Sewickley Branch

7.87
1.82

Brinker Run Branch.

2.10

Mammoth Branch

2.37
1 21

Lewisburg&T.RR.(WestEnd)
Scotia Branch
Juniata Branch
Bald Eagle Valley RR
Snow Shoe Branch
Sugar Camp Branch
Grauer Branch
Bellefonte Branch
Tyrone and Clearfield Ry

"'7.' 76

Westmoreland Branch . . .
Tarr Branch

0.43
0.65
1.51

1.87

Stonerville Branch...

Scottdale Branch

Overton Branch

1.24

Jane Bug Branch .

1.20
0.46
1.25
4.98

Schoonmaker Branch
Moorewood Branch . .
Texas Branch

Moshannon Branch

11.98
2.43
8.81
0.88
1.32

4.58

Everson& Broad Ford Br.

5.87

Big Run Branch
Mosh. & Clearfl. Branch.
Beaver Branch
Leskie Branch

1.18

Mahoning Branch
Dnnbar Branch
Coal Lick Run Branch. . .

0.89
0.38
1.32

Ednie Branch
Forsyth Branch
Coal Run Branch
Morgan Run Branch. . .
Goss Run Branch, No. 1.
Goss Run Branch, No.2
GossRunBranch,No.3
Hontzdale Branch
Anit-sville Branch

0.34
0.39
3.%
4.05
1.91
1.64
1.26
0.74
2.39

Fairchance Branch
Wynn Branch
Bru sh Creek Branch
Bull Run Branch

0.26
0.54
0.67

Manor Branch

4.30
10.86
3.87

Turtle Creek Branch

East Pittsburgh Branch ....
Total Pittsburgh Division

CAMBRIA & CLKARFIELDDIV.
Cambria and Clearfleld RR. .

5.90

288.77

48.35
4 81

126.64

757.10

58.29
5.82
14.07
1.61
1.36
21.60
0.88
2.32
0.80
4.03
1.46
1.72
1.96
3.48

Amesville Branch Ext.
Amesville Branch, No.3
Kendrick Branch
Madera Branch

2.08
2.39
0.70
8.44

Muddy Run Branch . . .
Smoke Run Branch
Btinian Branch

3.35
0.99
2.66

Ebensb.& Black LickRR.
Coal Pit Run Branch..
Shu ma 11 Run Branch. .
Snsquehanna Extension. . .
Luther Branch

12.80
1.10
0.85
17.58
0.63

Pine Run Extension . . .

4 90

Beulah Branch
Mapleton Branch, No. 1...
Mapleton Branch, No. 2.
Mapleton Branch, No. 3
Philliprtmrg Branch
Derby Branch

0.54
3.20
2.24
0.92
3.49
1.19

Sterling Branch
Lantzy Branch

1.8iJ
0.55
2 25

Graham Branch

1 58

Porter Run Branch
Gardner Run Branch

1.09
1.23

Liveright Branch
Pennville Branch

0.97
1.62

Total Tyrone Division. . .

245.92

14.16

342.44

Pation Branch No. 2

2.16

608

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

DIVISIONS.

First
Track.

Second
Track.

Total
Track.

DIVISIONS.

First
Track.

Second
Track.

Total
Track.

CAMBRIA AND CLEARFIELD
DIVISION. — Cont.
Patton Branch No. &

M.
2.55

M.

M.

2.78
0.70
9.02
1.73
0.65
0.84
0.59
2.89
2.79
0.54
31.18
1.63
1 05
0.65

Phila. & Erie RR. Div.
WESTERN DIVISION.
Philadelphia and Erie RR . . .

Total Western Division. .

MIDDLE DIVISION.
Philadelphia and Erie RR. . .
Johnsonburg RR
Straight CreekBr., J. RR.
Ridgway and Clearfleld RR.
Susqueh. and Clearfield RR.
Three Runs Br.8.& C.RR.

Total Middle Division.. .
EASTERN DIVISION.
Philadelphia and Erie RR . . .
Tangascootac Branch. . . .

If.

94.00

M.

11.00

M.

175.77

Patton Branch No. 4
Hastings Branch

0.46
5.81
1.52

94.00

102.19
19.69
6.01
27.23
22.78
2.11

11.00
15.12

175.77

182.19
26.30
6.23
37.40
25.13
2.84

0.43

0.55

Whitehead Branch

0.59
2.19

1.46

0.37

26.67

1 52

0.85

180.01

91.37
0.34

15.12
90.28

280.09

189.14
0.34
9.55
3.72
5.99
10.85
66.15
0.24

Hegarty Branch

0.50

Total Cam. & ClTd Div.
WEST. PENNSYLVANIA Div.
Western Pennsylvania RR. . .

141.97

70.67
16 49

1.45

176.41

1*3.19
18.48
1.30
3.03
0.82
2.23
3.21
3.04
3.18
9.22
82.99
0.72
24.06
0.96
0.45

Wilhamsp't & Linden Br.
Williamsport LnmberBr.
Canal Branch
B. E. V. RR. (B., N. & L.Br.)
Lewisb.& Tyr. RR. (E.End)
Lewisburg Bridge

7.39
1.93
4.40
9.45
57.60
0.24

1.23

Fairbanks Branch
Black Legs Creek Branch. .
Avonmore Branch

2.66
0.77
2.11

Apollo Branch
LeechburgBranch

1.9S
2.57

Total Eastern Division . .
SCNBURY DIVISION.
Sunb., Haz. & Wilkesb.Ry. .
North and West Branch Ry..
Newport Branch

172.72

43.44
43.13
4.69

50.28

285.98

57.93
80.58
6.69
14.06
14.06
1.59
6.40
3.55

2.62

Winfield Branch

8.47

Pittsburgh Branch

27 60
0.30

27.60

Bailey's Run Branch

18 91

Tearing Run Branch

0.96

Nes<ft>pec RR
Pa. Sclmylkill Valley RR

11.96
9.86

Homer & Cherry Tree Br.
Total West. Pa. Division.

MONONGAHELA DIVISION.

Pittsb., Va. & Charleston Ry.
Pittsb. & White Hall Br. . .
Monon. Riv. & Sts. Run Br.
Port Perry Branch P. RR. .
McKeesport& Bessemer Br.
Peters Creek Branch ....

0.45

157.79

53.19
1.73
0.75
1.32
1.52
2.58

29.05
31.01

256.88

151.70
2.20
1.78
4.37
2.86
2.77
21.54
1.00
3.47
1.45

Morea Branch
Shenandoah Branch

1.00
4.98

Girardville Branch .

2 54

Total Sunbury Division...
Total Phil. &ErieRR. Div.

Recapitulation.
United RRs. of N. J. Division.
N. Y. & Long Branch RR.. .
Pennsylvania RR. Division..
Phila. & Erie RR. Division. .

Total

121.60

184.86

568.33

476.70
38.04
1,712.60
568.33

76.40

146.42
38.04
563. 93
76.40

926.70

1,224.37
95.77
3,706.40
926.70

1.31

Redstone Branch . . ....

16.56

Brownsville Branch . . _
Vance's Mill Branch

1.00
2.91

Bute Run Branch

1.16

Total Monongahela Div. .
Total Pa. RR. Division..

82.72

32.32

193.14
3,706.40

1,712.60

563.93

2,795.67

824.79

5,953.24

The following is a recapitulation of the mileage of lines and tracks either owned, leased,
operated, or controlled by this Co. east of the cities of Pittsburgh and Erie, Dec. 31, 1897 :

OENERAL DIVISIONS.

First
Track.

Second
Track.

Third
Track.

Fourth
Track.

Co. Sidings.

Total
Track.

United Railroads of New Jersey Div. .
New York and Long Branch RR

M.

476.70
38.04

M.

146.42
38 04

M.

88.37

M.

86.21

M.

426.67
19.69

M.

1,224.37
95.77

Pennsylvania RR. Division .

1,712 60

563 93

254 74

159.57

1,035 56

3,706.40

Philadelphia and Erie RR. Division..

568 33

76 40

281.97

926.70

Northern Central Railway Lines
Junction RR

389.57
3.56

142.44
3 56

2.38
0.44

2.40

223.79
2 03

760.58
9.79

Phila., Wil., and Baltimore RR , etc..
West Jersey & Seashore RR. Lines

669.25
309.57

171.32
55 06

12.48
1 29

9.00

225.97
81.81

1,088.02
447.73

Grand Total Miles of Tracks

4,167.62

1,197.17

359.70

257.18

2,277.69

8,259.36

There was an increase of 25.84 m. of line and 68.30 m. of track during the year 1897.

History. — Chartered April 13, 1846 ; construction begun in July, 1847; and main line
from Harrisburg to Pittsburgh opened Feb. 15, 1854. Between Harrisburg and Philadelphia
the line is made up of the Philadelphia and Columbia RR. (originally a State work) and the
Harrisburg, Portsmouth, Mt. Joy and Lancaster RR., the former purchased in 1857 and the
latter leased in 1861. (See MANUAL for 1892.)

POOR'S MANUAL — PENNSYLVANIA RR CO.

609

Rolling Stock in use on all three divisions, Dec. 31, 1897. — Locomotives — Penu. RR.,
1,207; United RRs. of N. J., 389; Phila. and Erie RR., 207— total, 1,803. Cars (passenger,
1,043; emigrant, 50; excursion, 62; parlor, 6; dining, 11; combination, 215; baggage, mail,
and express, etc., 379), 1765; freight (Empire Line refrigerator, 10; refrigerator, 702; box,
11,505; Empire Line box, 3,394; Empire Line rack, 2; stock, 1,929; 8-wh. gondola coal, 29,220;
4-wh. coal, 34; 8-wh. cabin, 3; 4-wh. cabin, 779; Green Line tank, 1,010), 48,588; road and
other cars, 3,139— total, 53,492.

In addition to the equipment in. the preceding statement there were also 38,798 freight
cars running over the Penn. RR. Co.'s lines, owned by individuals, incorporated companies
and car trusts, being a decrease of 5,536 cars during the year. Included in this class of
equipment were 5,075 Penn. Equipment Trust cars ; 4,773 Equipment Trust bonds, series
"A"; 6,500 Pennsylvania Rolling Stock Trust cars; 12,009 Union Line cars, and 800 Union
Line (co-operative) cars.

There were also 709 4-wh. coal dump cars in use at coaling stations and other points on
the company's lines, which are not included in the car equipment as stated above.

Statement of rolling stock Pennsylvania RR. System for twelve years ending Dec. 31 :

1886

1887

1888

1889

1890

1891

1892

1893

1894

1895

1896

1897

1,187
995
204
7,493
1,419

14,944
463

1,241
•1,100
214

7,993
1,419

15,346
497

1,340
1,129
215
8,993
1,410

16,827
522

1,343
1,155
218
9,233
1,419

15,755

582
1,114
144
2,281
33.411

1,385
1,183
235
9,546
1,419

15,5%

628
1,110
80
2,485
35,170

1,435
1,244
250
12,053
2,929

19,122

696
1,096
10
2,632
35,413.

1,508
1,322

291
13,288
2,929

21,087

734

1,098
9
2,692

41,300

1,805
1,379
383
13,288
2,929

22,292

734
1,088
9
2,755

42. na

1,803
1,388
374
14,313
2,929

22,888

757
1,084

1,803
l,38b
374
14,313
2,921!

23,20'.

782
1,041

1,803
1,386
379
15,610
1,929

23,959

782
1,029

1,803
1.386
379
15,615
1,929

29,254

782
1,010

Cars— Passenger and Emigrant.
Cars Baggage, Mail, etc

Cars — Freight, Box

Care Freight, Stock

Cars — Freight, Gondola 1

Cars Freight, Coal f

Cars Freight, Caboose

Cars Oil, Tank

Cars Marl

Cars Freight, Service . . .

1,994
26.672

2,104
29,179

2,145

28.842

3,081
40,644

3,08?
41.121

3,088
44,334

3,139
38,798

Cars— Own"d by CarTr. Cos..etc.

NOTE. — In the preceding statement the figures for the years 1886 to 1892, inclusive, include the equipment
of the United RRs. of New Jersey, and for the years 1893, 1894, 1895, 1896, and 1897 they take in all three
divisions.

Floating Stock. — The number of steamboats, car floats, etc. (including the floating
equipment of the Delaware and Raritan Canal), in service on Dec. 31, 1897, was as follows:
New York and Arriboy Divisiont. — Steam ferry-boats, .13; tugs, 18; car floats, 64; steam
lighters, 3; barges, 47; flat scow, 1 — total, 146. Philadelphia Division. — Tug, 1; dump-
scows, 4; dredge, 1 — total, 6. Delaware and Raritan Canal. — Tugs, 13; flat scows, 33; canal
barges, 27; ice-breaker, 1 ; dredgers, 2 — total, 76. Total floating stock on the three divi-
sions, 228.

Income Account for 1897— Profit Penn. RR. Division $10,264,750 59

Profit Philadelphia and Erie Division 87,661 12

Profit United RRs. New Jersey Division 480,720 14

Balance — Net revenue as in statement preceding $10,833,131 85

From wJiich the following amounts were deducted :
Payment to Fund for the Purchase of Securities Guaranteed by

the Pennsylvania RR. Co $94,410 47

Penn. RR. Co.'s Consolidated Mtge. Bonds, Sinking Fund Acct. . 324,780 00

EXTRAORDINARY EXPENDITURES.

Amount expended in Revising Grades and Alignment and other
Extraordinary Renewals 1,067,304 51— 1,486,494 98

Balance $9,346,636 87

Out of which were paid Cash Dividends amounting to 5 p. c 6,465,170 00

$2,881,466 87

(Continued on 'next page.)

39

610

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Deduct amount transferred to Extraordinary Expenditure Fund to complete
Work already Authorized in Revising Grades and Alignment, and other
Extraordinary Renewals $1,800,000 00

Amount transferred to Credit of Profit and Loss for the year 1897 $1,081,466 87

Add amount to credit of profit and loss Dec. 3. 1896 24,152,322 86

$25,233,789 73

Deduct Amounts Charged off as follows :

Reduction of valuation of Equipment Purchased through Equip-
ment Trust Gold Loan $708,336 69

Reduction in valuation of Securities of Coal Companies 1,436,119 00

Amount charged off in Adjustment of old Accounts 265,377 06 — 2,409,832 75

Balance to credit of Profit and Loss Dec. 31, 1897 $22,823,956 98

Operations, etc., by divisions, for the year ending Dec. 31, 1897 :

Pennsylvania
RR. Division.

United RRs. of
New Jersey.

Phila. and Erie
RR. Division.

Total.

Miles of Railroad Operated.

1, 712.60

466.42

568.33

2,747.35

Train Mileage — Passenger

8,635,760

5,877,851

1,142,542

15,656,153

Freight .

22,995,587

5,563,908

4,287,094

32,846,589

Other

1,350,201

327,138

131,942

1,809,231

Total Engine Mileage

3-.',981,548

11,768,897

5,561,578

50,312,023

Passenger Traffic— P&ss. Carried, 1st Class. . . .
Pas*. Carried, Emigrant
Pass. Carried, Commutation
Total Passengers Carried

10.092,583
13,164
6,955,909
17,061.656

10,160,773
14,394
5,923,090
16,098,257

1,445,203
1,923
390,485
1,837,611

21,698,559
29,481
13,269,484
34,997,524

Passengers Carried One Mile

332,252,125

326,075,553

34,951,658

693,279,336

Freight Traffic— Tons of Fgt. Moved, Through
Tons of Freight Moved, Way.

Total Tons of Freight Moved .... ...

2,548,217
45,082,603

47,630,820

4,282,169
12,232,894
\ 16,515,063 (.

2,306,013
12,473,760

14,781,773

9,138 ,399
69,789,257

79,562,465

Tons of Freight Moved One Mile

6,248,596,176

1 947,044,984*

1,339,516,848

8,555,622,317

Earnings — Passenger Traffic

6,628,148 93

$

6,845,882 65

|

799,349 50

$

14,273,381 08

Freight Traffic

29,702,220 03

10,439,560 85

5,628,393 22

45,770,174 10

Miscellaneous Sources

224,28288

149,190 50

25,243 89

398,71727

Express Traffic

715,194 44

684,45163

70,751 37

1,470,397 44

United States Mail

970,092 11

396,217 56

67,62848

1,433,938 15

Kent?

337,430 41

259,975 48

41,80061

639,20650

237,298 61

237,298 61

Total Traffic Earnings

38,577.368 80

19,012,577 28

6,633,167 07

64,223,113 15

Expenses— Maintenance of Way, etc

4,587,987 22

2,247,327 07

941,38984

7,776,704 13

Maintenance of Equipment

6,039,645 29

2,042,835 41

980,62965

9,063,11035

Conducting Transportation

13,177.471 52

9,099,618 09

2,497.81241

24,774,902 02

General Expenses

1,026,908 47

245,70266

95,02871

1,367,639 84

Delaware and Raritan Canal

275,270 25

275,270 25

Total Operating Expenses

24,832,012 50

13,910,753 48

4,514,860 61

43,257,626 59

Net Traffic Earnings

13,745,356 30

5,101,823 80

2 118,306 46

20,965,486 56

Other Receipts, Interest from Investments, etc

5,263,304 27

231.193 82

5,494,408 03

Total Available Revenue

19,008,660 57

5,333,017 62

2 118,306 46

26,459,984 65

Payments — Rentals, Interest, etc

8 743 909 98

4 852,29748

2 030 64584

15 626 85C 80

Balance, Surplus

10 264 750 59

480 720 14

87 661 12

10 833 131 85

Grosp Earnings per Mile

22 525 61

40 762 78

11 671 33

2337638

Operating Expenses per Mile

14,499 59

29 824 52

7 94408

15,745 21

Net Earnings per Mile

8,026 02

10 93826

3 72725

7 lx>l 1."

Expenses to Earnings

64.37 p. c.

j 73.17 p. c. 1

6806p c.

67.37 p. c.

Earnings per Passensrer per Mile.

1.995 c.

| *116.00Jp. c. j
1.864 c.

2287 c

1 948 c.

Expenses per Passenger per Mile..

1.622 c.

1.430 c.

1 943 c.

1.548c.

Profit per Passenger per Mile

0.373 c.

0.434 c

0344 C

0400c.

Earnings per Ton per Mile

0.475 c.

1.102C.

0420 C.

0.536 c.

Expenses per Ton per Mile

0.311 c.

0.868 c.

0286C

0.369 C.

Profit per Ton per Mile

0.164c

0234 c

0 134 c

0.167 C.

* Delaware and Raritan Canal.

POOR'S MANUAL— PENNSYLVANIA RR. CO.

611

The details of other receipts in preceding state- The details of payments in above statement are

ment are as follows: as follows:

Pennsylvania RR. Division —

Int. from Investmsnts (in cash) $4,616,215 84

Int. from Branch and Other Roads for

use of Equipment 353,266 88

Interest, General Account 189,573 86

Profit from Sundry Accounts 104,247 69

$5,263,304 27

United RRs. of New Jersey Division —
Int. from Investments, Rents, and Other
Income 231,193 82

Total Income from Miscell. Sources. .$5,494,498 09

Pennsylvania RR. Division —

Rental paid Branch Roads $2,835,487 60

Interest on Bonded Debt 4,261,03874

Interest Car Trusts 549,154 32

Interest on Mtges. and Ground Rents... 133,022 63
Sinking Fund Equipment Trust Gold

Loan 136,400 00

Taxes Pennsylvania RR 817,708 75

Payments on Account Joint Guaranty
with N. C. Ry. Co. on Lines North of
Elmira and Miscellaneous Accounts.. 11,097 94

$8,743,909 98

United RRs. of New Jersey Division—
Account Guaranteed Dividends, Inter-
est, Rentals, Taxes, etc 4,852,297 48

Philadelphia and Erie RR. Division-
Account of Rentals 2,030,645 34

Total Payments for Rentals, Int., etc.$15,626,852 80

Statement showing income account, Penn. RR.. Division for seven years, ending Dec. 31:

1891

1892

1893

1894

1895

1896

1897

Net Earnings from Operations

$

14,826,413

13,800,827

$

12,947,547

11,852,387

13,566,128

$

12,007,045

$
13,745,356

Interest from Investments , , ,

4,852,181

4,921,829

4,955,037

4,619,394

4,353,987

4,615,433

4,616,216

Interest f rom Branch Roads for use |
of Equipment )

395,391

377,483

337,927

326,381

332,341

335,634

353,267

Interest General Acconnt

191,738

181,929

32,935

41,409

120,032

54,180

189,574

Profits from Sundry Accounts

113,065

93,198

104 248

Empire Line Net Earnings

83,177

43,969

Total Available Revenue

20,348,894

19,326,037

18,386,511

16,839,571

18,372,488

17,105,490

19,008,661

Rentals, Leased and Operated Roads.
Interest on Funded Deot .

3,046,143
3,967,815

8,200,485
3,964.055

2,762,247
4,056,165

2,633,140
4,155,706

2,840,766
4,163,775

2,366,129
4,257,819

2,835,488
4,261,039

Interest on Mtges. and Ground Rents . .
Interest Car Trusts

110,704
521,130

114,014
475,413

128.474
690,832

127,058
664.945

128,069
602,031

131,978
575,592

1*3,023
549,154

Taxes, Pennsylvania RR.*

431,339

777,810

452,545

447,453

796,355

823,466

817,709

Payments on Acct. Joint Guaranty )
with Northern Central Ry. Co. on v

7,400

32,010

63,258

51,918

11,098

lines north of Elmira, & Mis. Acts. j
Premium on Exchange, Commis., etc

6,930

Sinking Fund, Equip. Trust Gold Loan

136,400

Totals

8,091,461

8,531,777

8,090,263

8,060,312

8,594,254

8,206,901

8,743,910

Net Income Penn. RR. Division

12,257,433

10,794,260

10,296,248

8,779,259

9,778,234

8,898,589

10,264,751

* In the years 1891 to 1894 only the taxes paid State of Pennsylvania on capital stock and bonds are shown,
but all taxes are included for 1895, 1896 and 1897.

Statement showing earnings, expenses, and rentals of all lines east of Pittsburgh and
Erie operated by the Pennsylvania RR. Co. from 1864 to 1897 inclusive :

j

w

>H

Gross
Earnings.

Operating
Expenses.

Rentals
Paid.

Net Earn'gs
to Penn.
RR. Co.

a

{H

Gross
Earnings.

Operating

Expenses.

Rentals
Paid.

Net Earn'gs
to Penn.
RR. Co.

S

$

S

$

$

$

S

$

1864

15,890,205 64

11,461,741 49

540,88135

3,887,582 80

Ib82

49,079,833 62

30,647,405 45

7,906,169 52

10,526,25865

1805

19,533,310 28 14,913,969 41

848,778 46

8,770,562 41

1883

51,083,252 10

31,747,15044

8,417,123 32

10,918,97834

1866

19,1-24,934 63^14.726,484 53

1,019,41225

3,379,037 85

1884

48,566,917 84 30,527,016 02

8,592,606 66

6,447,295 16

1867

18,673,9163013,941,53839

962,147 80

3,770,230 11

1885

45,615,033 55'29,479,764 84

8,530,931 69

7,604,537 02

1868

20.037,747 67 13,697,035 73

1,186,647 34

5,154,064 60

1886

50,379,077 00!32.619,594 61

8,935,245 73

8,824,236 66

1869

20,513,517 02 14,321,479 55

1,341,28048

4,850,75699

1887

55,671,313 13 37,086,584 80

9,136,177 95

9,448,55088

1870

20,6', 5,751 53 13,591,878 62

947,073 13

6,136,799 78

1888

58,172,077 66139,331,153 14

9,608,649 23

9,232,27529

1871

^2,262,100 58 14.296,696 68

1,202,040 33

6,763,363 57

1889

61,514,445 11 141,096,800 64

10,042,171 73

10,375,407 70

1872

36,448,503 36 24,112,901 01

4,746,166 08

7,589,436 27

1890

66,202,259 83 44,980,554 67

10,421,046 00

11,435,642 30

1873

39,9&3,138 91 26,237,850 05

5,117,926 18

8,927,362 68

1 1891

67,426,840 81 45,947,444 62 10,482,132 76

10,997,264 43

1874

37,386,427 27 :22,357,349 59

6,330,86426! 8,798,21342

1892

68,841,844 76 48,819,361 30

10,228,271 91

9,794,211 55

1875

34,464,104 38 21,094,461 31

6,201,72853' 7,167,91454

1893

66,375.223 83 46,996,017 28

9,971,695 64

0,407,510 91

1876

36,891,060 99 22,081,229 34

6,308,828 92

8,501,002 73

1894

58,704,284 58 40,363,746 57

8,956,440 95

9,384,097 06

1877

31,117,146 18 19,028,467 24

6,351,242 12

5,737,436 8:>

1895 64.627,178 72'44,510,656 31

8,896,061 39

11,220,461 02

1878

31,636,724 58 18,468,993 71

5,994,433 17

7,173,307 70

1896 62,096,50266143,459,32691

8,824,16309 9,813,01266

1879

34,620.279 17 20,382,740 15

6,245,11316

7,992,425 86

1897 164,223,113 15143,857,626 59) 9,718,430 42)11,247,056 14

1880

41,260,072 49

24,625,047 57

7,029,072 53

9,605,952 39

1881

44,124,18283

26,709,809 93

7,116,391 18

10,297,981 72

612

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement showing the gross earnings, expenses, net earnings, rentals, profits or losses
on all roads operated by the Pennsylvania RR. Co., for the year ending Dec. 31, 1897 :

ROADS. ,

Length in

Miles.

Gross
Earnings.

Working
Expenses.

Net
Earnings.

Rentals
Paid.

Profit or
Loss.

PENNSYLVANIA RAILROAD (includ-
ing River- Front, Harrisburg and
Lancaster and West Chestei

RRg )

594.84

130.22
37.58
26.70
43.21

30,218,048 75

1,836,599 15
70,154 40
33.797 89
335,762 42
10,890 02

5,893 62

126,589 76
521,618 14
251,248 82
152,029 71

440,644 83
467,696 79

$
19,403,38938

1,216,69929
75,641 37
39,169 15
173,527 90
11,694 10

9,33688

116,04729
245,58808
187,108 41
132,675 38

275,101 99
370,462 Ofi
8679
47,973 46
•281,236 85
21,151 29
26,017 54
3,88663
1,009,123 30
613,749 56
933,135 11
3,300,501 19
295,29985
430,472 93
39,559 16

12,56041
14,786 68
81,73428
39,156 80

12,007,258 20

275,270 25

121,099 94
14,898 14
11,11731

771,865 66
16,08885

132,497 56
48,426 43

114,48436
26,141 43
106,552 90
30,038 42
221,170 87
3,914 57
9,928 59

10,814,659 37

619,899 86
d. 5,48697
d. 5,37126
162,234 52
d. 80408

d. 3,44326

10,542 47
276,03006
64,14041
19,354 33

165,54284
97,234 73
d. 8679
15,78237
87,383 84
4,18209
d. 3,93439
956 17
658,324 16
178,879 50
672,134 88
1,300,756 15
285,980 14
366,893 42
11,28433

1,43183
d. 4,25977
66,60230
6,839 51

4,704,380 03

d. 37,971 64

31,561 61
d. 5,01891
24114

268,185 17
d. 8,20397

16,17099
137,262 31

41,016 11
d. 4,71944
d. 21,006 81
d. 24,297 56
11,704 7'2
d. 820 64
d. 6,65931

154,440 56
619,899 86

P.10,660,218 81

Leased Branches.
PennsylvaniaSchuylkill Valley RR.
Downingtown and Lancaster RR . .
Poineroy and Newark RR
Columbia and Port Deposit Ry . ...
Hanover & York RR.(Jan. & Feb.)
Frederick and Perm. Line RR.(Jan.
and Feb )

L. 5,48697
L. 5,37126

162,234 52

L. 80408
L. 3,44326

55.65

York, Hanover and Frederick RR.

10,542 47
276,03006
64,140 41
19,354 33

177,711 70
116,439 96

Sunbury and Levvistown Ry

55.88
49.17
85.12

80.98
134.51
4.44
29.54
97.68
14.75
9 59

Bald Eagle Valley RR. (P. RR. Div.
portion)

L. 12,168 86
L. 19,205 23
L. 8679

Tyrone and Clearfield Ry

Tipton RR

Cresson and Irvona RR

63,755 83
308,620 69
25,33338
22,083 15
4,842 80
1,667,44746
792,629 06
1,605,269 99
4,601,25734
581,259 99
797,366 35
50,843 49

13,99224
10,526 91
148,336 58
45,996 31

16,711,638 23

237,298 61

152,661,55
9,879 23
11,35845

1,040,050 83

7,88488

148,668 55
185,688 74

155,500 47
21,421 99
85,546 09
5,740 86
232,875 59
3,093 93
3,269 28

15,782 37
87,38384
4,18209

Cambria and Clearfield RR

Ebensburg and Black Lick RR. . .
South Fork RR

L. 3,93439

Scalp Level RR.(Sept. to Dec. incl.)
Western Pennsylvania Rlt

12.29
137.47
107.80
81.40
301.62
43.44
47.82
11.96

9.45
24.89
27.23
25.70

195.47

66.00

6.40
6.64
6.54

81.94

4.16

13.87
10.14

27.54
14.16
49.07
12.09
29.61
2.84
5.95

95617
275,374 88
178,879 50
672,134 88
1,300,756 15
285,96014
366,893 42
11,28433

1,43183

P. 382,949 28

South West Pennsylvania Ry .

Pitts., Virg. & Charleston Ry

Philadelphia and Erie RR

Sunbury, Hazleton & Wilks. Ry. ..
North and West Branch Ry

Nescopec RR

BaldEagle Valley RR. (P. & E. Div.
portion)

Susquehanna and Clearfield RR
Ridgway and Clearfield RR

L. 4,25977
P. 9,12234

57,479 96
6,839 51

4,308,53979
31,561 61

Johnsonburg RR

UNITED NEW JERSEY^
RR. & CANAL Co. (in- Railroads,
eluding Philadelphia
and Trenton, River-
Front, Kensington & |
Tacony, Connecting, j"
Engelside, and New Del. and )
York Bay, and Fair Raritan V
Hill RRs., and Tivn- | Canal, j
ton Delaware Edge. . J
Perth Amboy and Woodbridge RR.
Millstone and New Brunswick RR
Rocky Hill RR. & Kingston Branch
BKLVIDERE DELAWARE RR. (in-
cluding the Enterprise Ry)...

*P. 362,868 60

L. 5,01891
L. 98086

1,22200
268,185 17

BustletonRR

L. 8,20397

Phila., Genmmtown and Chestnut
Hill RR

16,170 99
137,262 31

41,016 11

Delaware River RR. and Bridge Co.
Preehc.J and Jamesburg Agricul-
tural Lit .

-

Columbus, Kinkora & Sprin'fieid RR
Philadelphia & Long Branch RR. . .
Philadelphia & Beach Haven RR
Camden & Burlington County RR .
Vincentown Branch

L. 4,71944
L. 21,006 81
L. 24.297 5ti
L. 29,545 78
L. 1,720 64
L. 17,84831

41,250 50
90000
11,189 00

Mt. Holly, Lumberton &Medford RR
Totals

2,813.35

64,223,11315

43,257,626 59

20,965,486 56

9,718,430 42

P.11,247,066 14

* Profit before adding interest on investments and miscellaneous income United New Jersey RR. and

Canal Co.

Net profit after deducting rentals $11,247,056 14

interest received from investments Pennsylvania RR. Co 4,616,215 84

Add interest received from investments and miscellaneous income U. N. J. RR. & Canal Co... 231,193 82

Add interest for use of equipment loaned to branch and other roads. . . '. 353,266 88

interest general account 189,57386

Add profits from sundry accounts 104,24769

$16,741,554 23

( Continued on next page.)

POOR'S MANUAL— PENNSYLVANIA RR. CO. 613

From which deduct— Interest on funded debt $4,261,038 74

Interest, Car Trusts 549,154 32

Interest on mortgages and ground rents 133,022 63

Sinking Fund, Equipment Trust Gold Loan 136,400 00

Taxes, Pennsylvania RR 817,708 75

Payments on account joint guaranty with Northern Central
Ry. Co. on lines north of Elmira, and miscellaneous accts. 11,097 94— $5,908,422 S8

Net income $10,833,131 85

SINKING FUNDS.

Under the provisions of the consolidated mtge. of the company, $324,780 were set apart
on July 1, 1897, out of the net income, as a sinking fund for the redemption of the outstand-
ing bonds secured by that mtge. None of the series of bonds to which the sinking fund was
applicable could be purchased under the terms of the trust, and the amount was placed to the
credit of the trustees for investment under the terms of the mtge. Their report shows the
amount of $5,319,908.41, in securities and cash, in the fund for the redemption of these bonds.

The trustees of the sinking fund for the redemption of the trust certificates issued for the
purchase of the shares of the capital stock of the Philadelphia, Wilmington and Baltimore
RR. Co. were not able to purchase any of these certificates during the past year. The total
amount so purchased and cancelled to Dec. 31, 1897, is, therefore, $2,298,000, leaving
outstanding $7,702,000.

The trustees of the sinking fund for the redemption of the 4^ p. c. collateral trust loan
were not able to obtain any of these securities during the year at the limit fixed in the agree-
ment. The amount of this loan outstanding Dec. 31, 1897, is $9,900,000.

Under the provisions of the 4 p. c. equipment trust gold loan, there was paid to the
trustee during 1897, for the sinking fund, the sum of $136,400. The trustee was unable to
obtain any of the bonds at the price fixed in the lease, and in accordance with the terms
thereof, the whole amount has been invested in additional equipment.

FUNDED DEBT.

The amount of funded debt, including mtges. on real estate and ground rents, at the
close of the year was the same as at the close of the previous year, viz., $87,943,910.72, no
obligations of the company having been sold during 1897.

CAPITAL STOCK.

The amount of capital stock outstanding at the close of the year was $129,303,700, an
increase of $550, due to the conversion of that amount of the scrip dividend declared in May,
1893.

SECURITIES OF OTHER CORPORATIONS.

The entire cost of the securities of other corporations now held by the company is $119,-
659,343.61. The direct revenue received therefrom was $4,616,215.84. which amounted t<>
nearly 4 p. c. upon the cost thereof, and more than provided for the interest on the funded
debt.

CAR TRUSTS.

No further issues of these securities were made during the year, and the outstanding
certificates of Series "A," "C," "D," and "E" of the Pennsylvania equipment trust were
paid and cancelled. These series covered 5,362 hopper gondolas in service on the Pennsylvania
RR.; 1,000 box cars, subleased to the Pennsylvania Co.; 1,256 gondolas, subleased to the
Northern Central Ry. Co., and 516 box, 100 gondola, and 400 flat cars, subleased to the
Grand Rapids and Indiana RR. Co., representing in all 8,634 cars and a total cost of $4,000,-
000. These cars have therefore now become the property of the respective lines which con-
tributed to the cost thereof.

614

POOR'S MANUAL OF BAILROADS — RAILROAD "SYSTEMS.''

The total amount of Car Trust certificates issued to date is as follows :

CARS. COST.

For Pennsylvania RR. lines east of Pittsburgh 34,746 $18,720,140

For Pennsylvania RR. lines west of Pittsburgh 17,503 9,004,160

For cars subleased to affiliated lines, viz. :

Northern Central Ry. Co 3,706 1,827,200

Philadelphia, Wilmington and Baltimore RR. Co 1,000 * 505,000

Allegheny Valley Ry. Co : 250 137,500

New York, Philadelphia and Norfolk RR. Co 292 200,000

Pennsylvania and North Western RR. Co 500 250,000

Total cars 57,997 $30,644,000

The payments made on account of these certificates during 1897 were as follows :

Total
Payments.

Deduct
Payments on
Account of
Interest.

Balance
Applicable to
Redempt'n of
Certificates.

1,016,94763
264,881 14
83.813 58
59,901 66
11,11364
27,062 50

1

106,771 63
19,741 82
2,06858
5,961 98
1,11364
2,062 50

i

910,176 00
245,139 32
80,745 00
53,939 68
10,00000
25,00000

By Northern Central Rv. Co. .

By Philadelphia Wilmington and Baltimore RR. Co

By New York Philadelphia and Norfolk RR. Co

By Pennsylvania and North Western RR. Co

1,462,720 15| 137,720 15

1,325,00000

Amount Applied to the Redemption and Cancellation of Certificates in 1897 $1,325,000

Amount paid to Dec. 31, 1896 26.537,000

Total Payments on Account of Redemption $27,862,000

Balance of Certificates Outstanding Dec. 31, 1897 $2,782,000

Total Amount of Certificates Redeemed to Dec. 31, 1897—

In Full Payment for 41,330 Cars $21,337,000

In Partial Payment for 16,667 Cars 6,525,000— $27,862,000

Statement showing passengers, mileage, earnings, expenses, and averages on passenger
business on all railroads east of Pittsburgh and Erie operated by the Pennsylvania RR. Co.
from 1864 to 1897 inclusive :

YEAR.

Miles of
Railroad.

Passengers.
Carried.

Passengers
One Mile.

Earnings.

Average
Earnings
per Pas-
senger per
Mile.

Expenses.

Average
Expenses
per Pas-
senger per
Mile.

Average
Net Earn-
ings per
Passenger
per Mile.

9

Cents.

$

Cents.

Cents.

1864...

797.00

2,952,696

163,094,736

4,357,880 64

2.672

3,125,572 80

1.916

0.756

1865....

856.00

3,611,086

232,019,815

6,376,079 14

2.748

4,303,071 37

1.855

0.893

1866....

887.00

3,368,983

162,395,880

4,681,191 66

2.883

4,101,409 41

2.526

0.357

1867 ...

890.00

3,983,028

147,540,084

4,256,343 52

2.885

3,966,94203

2.689

0.196

1868...

896.00

4,376,498

156,632,079

4,241,585 82

2.708

3,984,46811

2.544

0.164

1869 ...

915.00

4,880,401

169,772,834

4,304,101 45

2.535

3,718,659 28

2.190

0.345

1870.. .

927.00

5,014,924

169,972,984

4,364,481 43

2.568

3,611,55405

2.125

0.443

1871 ....

1,028.00

5,384,869

172,678,024

4,483,535 42

2.596

3.504,276 14

2.029

0.567

1872....

1,530.00

13,967,690

361,676,659

9,637,166 69

2.665

6,915,345 64

1.912

0.753

1873. . . .

1,574.00

15,057,153

372,048,475

9,887,634 75

2.658

7,613,540 51

2.046

0.612

1874....

1,599.00

15,020,063

364,532,316

9,488,968 56

2.603

6,251,057 94

1.715

0.888

1875...

1,631.00

14,456,864

344,234,878

8,857,619 67

2.573

6,191,289 39

1.799

0.774

1876....

1,690.00

18,363,366

623,208,759

12,817,473 64

2.057

6,572,572 70

1.055

1.002

1877...

1,782.00

13,007,832

298,752,730

6,940,498 97

2.323

5,326,087 97

1.783

0.540

1878....

1,782.00

12,792,305

292,725,524

6,759,426 43

2.309

5,013,723 42

1.713

0.596

1879....

1,872.00

13,602,401

314,260,989

7,085,949 36

2.255

5,370.228 17

1.709

0.546

1880....

1, 875.61

16,575,042

382,787,186

8,504,387 22

2.222

6,407,692 10

1.674

0.548

1881 ....

1,956.00

18,985,409

446,316,555

9,602,768 67

2.152

7,207,500 69

1.615

0.537

1882....

2,047.06

21,887,992

496,202,927

11,160,816 55

2.249

8,252,581 22

1.663

0.586

1883....

2,102.16

23,081,858

505,180,481

11,605,253 42

2.297

8,215,365 70

1.626

0.671

1884....

2,267.81

25,164,131

612.873,485

11,582,198 17

2.258

8,314,586 21

1.621

0.637

1885....

2,316.41

27,642,018

568,664,914

11,087,44500

1.950

8,337,776 94

1.466

0.484

1886 ...

2,387.77

31,090,271

576,906,276

12,194,830 84

2.114

9,292,592 61

1.611

0-503

1887....

2,412.34

35,785,769

657,362,557

13,968,909 51

2.125

10,863,715 40

1.577

0.548

1888....

2,435.72

38,168,374

681,684,854

14,259,50777

2.092

10,517,506 83

1.543

0.549

1889....

2.45C.07

40,189.893

727,312.735

15,140,34275

2.082

11,106,42534

1.527

0.555

1890....

2.500.72

43,810,382

778,81 81917

16,177,15055

2.077

11,710,22729

1.504

0.573

1891 ....

2,573.46

44,810,727

795,098,618

16,331,44465

2.054

12,725,35283

1.600

0.454

1892

2.657.57

46,648,572

843,819,609

16,709,533 94

1.980

13,33-2,04693

1.580

0.400

1893

2.723.75

44,135,320

813,652,864

16,264,101 22

1.999

12,884,347 53

1.584

0.415

1894

2,737.07

38,596,160

693,010,056

13,703,799 46

1.977

10,961,541 83

1.582

0 395

1895

2,741.48

37,452,437

712,072,950

13,909,506 33

1.953

11,331,489 73

1.591

0.363

1896

2,721.46

36,170,220

699,709,213

13,744,55670

1.964

11,070,381 51

1.582

0.382

1897....

2,747.35

34,997,524

693,279,336

13,506,671 28

1.918

10,729,908 01

1.548

0.400

POORS MANUAL— PENNSYLVANIA RR. CO.

6J5

Statement showing tonnage, mileage, earnings, expenses, and averages on freight busi-
ness on all railroads east of Pittsburgh and Erie operated by the Pennsylvania RR. Co. from
1864 to 1897 inclusive :

YEAR.

Miles
of
Railroad.

Tons.
Moved.

Tons One Mile.

Earnings.

Average
Earnings
per Ton
per Mile.

Expenses.

Average
Expenses
per Ton
per Mile.

Average
Net Earn-
ings per
Ton per
Mile.

$

Cents.

$

Cents.

Cents.

1864....

799.00

3,189,259

436,591,940

10,907,036 77

2.498

8,i36,168 69

1.909

0.589

1865....

856.00

3,090,681

452,183,478

12,277,490 68

2.715

10,610,867 32

2.347

0.368

1866. ..

887.00

4,001,455

579,839,073

13,453,592 72

2.320

10,625,075 12

1.832

0.488

1867. ..

890.00

4,501,232

646,231,881

13,464,201 69

2.083

9,974,596 36

1.544

0.539

1868. ..

696.00

5,518,729

806,376,652

14,983,779 28

1.858

9,712,567 62

1.204

0.654

1869. ..

915.00

6,294,066

927,714,156

15,439,739 81

1.664

10,602,820 27

1.143

0.521

1870. ..

927.00

7,041,688

1,014,652,970

15,252,314 99

1.503

9,971,62598

0.983

0.520

1871. ..

1,028 00

8,404,334

1,244,328,216

16.852,662 82

1.354

10,777,144 98

0.866

0.488

187a. ..

1,530.00

13,246,456

1,629,613,645

23,r/97,237 02

1.460

16,181,517 88

0.993

0.467

1873. ..

1,574.00

15,647,509

1,870,537,537

26,987,820 76

1.443

18,286,725 39

0.978

0.465

1874. ..

1,599.00

15,604,922

1,916,591,690

24,715,418 15

1.290

15,554,659 70

0.812

0.478

1875. ..

1,631.00

15,772,722

2,026,190,425

22,807,660 00

1.126

14,362,136 16

0.709

0.417

1876. ..

1,690.00

17,064,953

2,221,739,198

21,132,560 23

0.951

14,657,083 29

0.660

0.291

1877. ..

1,782.00

16,382,268

2,086,659,438

21,149,38938

1.014

12,834,226 82

0.615

0.399

1878. ..

1,782.00

17,597,447

2,368,330,428

21,961,44775

0.927

12.752,696 07

0.538

0.389

1879. ..

1,873.00

22,867,162

2,974,925,881

24,500,96021

0.824

14,287,532 62

0.480

0.344

1880. ..

1,875.61

26,051,091

3,239,482,799

29,750,291 99

0.918

17,490.054 88

0.540

0.378

1881. ..

1,956.00

30,895,376

3,631,829,468

81,128,521 00

0.857

18,773,389 24

0.517

0.340

1882. ..

2,047.06

34,181,016

3,911,845,067

84,205,596 31

0.874

21,685,85222

0.554

0.320

1883. ..

2,102.16

35,684,662

4,059,970,201

35,764,506 82

0.881

22,807,493 84

0.562

0.319

1884. ..

2,267.81

36,682,571

4,134,657,237

33,242,301 60

0.804

21,399,835 67

0.518

0.286

1885. ..

2,316.41

39,481,385

4,446,470,651

30,895,747 98

0.695

20,435,253 72

0.460

0.235

1886. ..

2,387.77

42,833,499

4,584,355,908

34,623,877 39

0.755

22,566,369 73

0.492

0.263

1887. ..

2,412.34

50,033,297

5,214,900,569

38,080,823 85

0.730

25,912,845 49

0.497

0.233

1888. ..

2,435.72

55,708,046

5,796,816,928

40,175,77383

0.693

27,944,386 20

0.482

0.211

1889. ..

2.45S.07

68,373,489

6,170,513,980

42,302,176 16

0.686

29,182.838 01

0.473

0.213

1890. ..

2,500.72

66,648,730

6,994,332,633

45,783,597 23

0.655

32,404,558 91

0.463

0.192

1891. ..

2,573.46

66,500,209

7,081,702,979

46,650,184 10

0.659

32,363,057 68

0.457

0.202

1892 ..

2,657.57

71,120,736

^7,582,760,849

47,460,452 77

0.626

34,479,972 67

0.455

0.171

1893. ..

2,723.75

69,129,790

7,426,109,131

45,606.999 25

0.614

£3,211,201 34

0.447

0.167

1894....

2,737.07

63,972,269

6,902,828,482

40,412,551 20

0.585

28,630,373 98

0.415

0.170

1895....

2,741.42

77,598,378

8,152,343,461

45,922,018 18

0.563

32,338,868 22

0.397

0.166

1896....

2,721.46 .

72,322,609

7,707,883,205

43,500,713 00

0.564

31,521,301 55

0.409

0.155

1897....

2,747.3o

78,927,656

8^35,158,008

45,770,174 10

0.536

31,498,82646

0.369

0.167

Statement of operations, traffic, and revenues Pennsylvania RR. Division for seven years:

1891

1892

1893

1894

1895

1896

1897

1,510.83
31,096,010
8,691,752
22,075,394
928,864
20,725,790
389,308,585
37,999,392
21,931,366
3,182,801
5,038,809,843
4,066,147,381
972,662,462

8,405,280
854,457
684,035
30,480,294
686,453

1,590.77
34,981,742
9,515,410
24,4*1,603
1,022,729
21,490,479
417,933,732
41,871,149
23,767,921
2,082,432
5,494,581,323
4,378,077,718
1,116,503,605
$
8,555,536
928,385
740,986
31,375,255
759,378

1,646.83
83,738,679
9,461,121
28,484,669
792,889
20,150,574
410,061,500
38,919,612
22,387,735
2,140,741
5,284,654,957
4,299,637,654
985,017,303
$
8,481,147
919,305
692,150
29,307,131
719,623

1,668.06
30,285,556
8,384,080
21,329,507
571,969
17,213,157
322,023,897
36,566.929
20,339,639

1,672.41
34,706,425
8,736,087
24.531,788
1,438,550
17,968,292
343,197,137
46,545,093
26,799,052
331,028
6,036,462,519
4,833,907,505
1,202,555,014
$
6,886,689
967,554
771,559
30,472,735
dOO,464

1 ,695.09
32,718,889
8,684,341
22,633,601
1,398,947
18,014.779
343,269,927
42,161,635
23,241.573
339,419
5,558,485,412
4,560,535,809
997,949,603

6,927,888
970,602
715,785
28,190,849
556,511

1,71260
32,981,548
8,635,760
22,995, :,87
1,3511,201
17,061.656
332,252.125
47,630,820
26,144,836
218,7-:9
6,248,596,176
5.082,403,296
1,166,192,880
8
6,628,149
970,Ot-2
715,1C4
29,702,250
561,713

Train Miles

Passenger

Freight

Distributing

Passengers Carried
Passenger Miles

Freight (tons) Moved... .
Coal and Coke
Petrolenm,etc.,bbls.
Freight (ton) Miies
Eastward

5,037,778,228
4,086,988,008
950,790,220
$
6,641,525
957.523
646,283
26,101,280
725,814

Westward

Passenger Earnings
Mail Earnings

Express Earnings

Freight Earnings

Other Receipts

Gross Earnings
Gross Expenses

Net Earnings

41,110,519
26,284,106

42,359,540
28,558,713

40,119,356
27,171,809

35,072,425
23,220,038

39.599,001
26,032,873

37,361,585
25,354,541

38,577.369
24,8*2,0 13

14,826,413

27,210 55
17,397 13
9,813 42
63.94 p. c.

13,800,827

26,628 32
17,952 76
8,675 56
67.42 p. c.

12,947,547

24,361 56
16,499 46
7,862 10
67.73 p. c.

11,852,387

21,025 88
13,920 39
7,105 49
66.21 p. c.

13,566,128

23,677 81
15,56608
8,111 73
65.74 p. c.

12,007,044

22,04106
14,957 64
7,08342
67.86 p. c.

13,745,356

22,525 61
14,4i,9 59
8.026 0-2
64.37 p. c.

Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile. .
Expenses to Earnings. . .

Stock may be voted at annual meetings if owned o..e day in advance. At the animal
election for directors, voting power involves the ownership of stock for sixty days.

616

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Statement showing operated mileage of the Pennsylvania RR. Division, and the oper-
ations of the same, together with the amount of stock and bonds of the company, for ten
years :

GROSS EARNINGS.

AVERAGE PER

Expen-

Passen-

MII,E.

o

RR.

Oper-

Stock and
Debt.

Pas-

Operating
Expenses.

Traffic
Profits.

Passen-
gers '
Carried.

ses of
Passen-
ger.

gers
Carried
One

Ex-

^j

senger.

Traffic.

Mile.

ings.

pen-
ses.

M

$

S

$

-$

$

So.

%

$

Ctt.

Cls.

Ctl.

1888

1'617

179,'245,897

7,329,226

36,698,184

13,526,579

13,171,605

18,264,582

5,560,856

331,080,813

2.214

1.680

0.53

1889
1890

1,403
1.441

188,785,766
197,304,890

7,545,741
8,220,514

36,855,782
40,043,670

23,193,797
25,894,106

13,661,985
14,149,564

17,799,407
20,066,268

5,632,292
5,980,637

341,441,169 2.210
374,191,822 2.197

1.650
1.598

0.56
0.59

1891
1892
1893
1894
1895

1,511
1,591
1,647
1,668
1,672

200,847,020
200,807,340
211,767,690
212,054,236
216,960,461

8,405,280
8,555,536
8,481,147
6,641,525

li.S^i.tiS'.l

41,110,519
42,359,540
40,119,356
35,072,425
39,599,002

26,284,106
28,558,713
27,171,809
23,220,038
26,032,873

14,826,413
13,800,827
12,947,547
11,852,387
13,566,128

20,725,790
21,490,479
20,150,574
17,213,157
17,968,292

6,440,286
6,922.976
6,634,543
5,547,117
5,638,070

389,308,585: 2.159
417,933,732 2.047
410,061,500, 2.068
322,023,897 2.062
343,197,137' 2.007

1.654
1,656
1,618
1,723
1,643

0.505
0.391
0.460
0.339
0.364

1896

1,695

217,247,06116,927,838

87,361,585 25,354,541

12,007,0441 18)014,779j6,927,838]343,269,927j 2.018

1.644 ,0.374

1897

1,713 217,247,611

6,628,149

38,577.369

24,832,0121 13,745,356

17,061,6565,387,535332,252,125

1,995

1,622

0.3V3

Statement of freight business of the Pennsylvania RR. Division for ten years :

PER TON MILE.

THROUGH TONNAGE.

LOCAI. TONNAGE.

Year.

Freight
Earnings.

Freight
Expenses

Tonnage
Mileage.

Earn-

Ex-

Total
Tonnage.

ings.

pen-

Net.

East.

West.

East.

West.

ses.

S

$

CU.

Ctt.

CU-.

1888..

27,657,543

17,965,723

4,364,407,278

0.634

0.412

0.222

1,547,369

692,913

20,500,044

11,828,760

34,5f,9."086

1889..

27,432,910

17,561,504

4,383,008,761

0.626

0.401

0.225

1,612,834

691,717

20,353,982

9,749,665

32,408,198

1890..

29,831,769

19,913,468

4,961,557,976 0.601

0.401

0.200

1,697,729

714,587

24,401,920

11,093,083

37,907,319

1891..

30,480,294

19,843,819

5,038,809,843

0.605

0.394

0.211

1,528,494

661,313

24,987,591

10,821,997

37,999,392

1892..

31,375,255

21,635,737

5,494,581.323

0.571

0.394

0.177

1,703,420

737,157

27,203,526

12,227,046

41,871,149

1893..

29,307,131

20,537,267

5,284,654,957

0.555

0.389

0.166

1,566,333

595,767

26,110,964

10,646,548

38,919,612

1894..

26,101,279

17,672,921

5,037,778,228

0.518

0.351

0.167

1,768,170

559,432

23,379,984

10,859,343

36,566,929

1895..

30,472,735

20,394,804

6,036,462,519

0.505

0.338

0.167

1,609,912

612,810

29,305,560

15,016,811

46,545,093

1896..

28,190,849

19,712,543,5,558,485,412

0.507

0.355

0.152

1,591,025

504,414

27,492,896

12,573,300

42,161,636

1897..

29,702,220 19,444,478' 6,248.596,176

0.475

0.311

0.164

2,018,154

530,063

30,130,188

14,952,415

47,630,820

Operations of anthracite coal companies controlled by the Pa. RR. Co., for the year 1897:

Susquehanna
Coal Co.

Summit Br.
Coal Co.*

Lykens Vy.
Coal Co.

Mineral RR.
& Mining Co.

Total.

Gross Earnings

8
3 490 582 26

$
850 197 70

$

878 867 63

$

987 067 16

$

6 206 714 75

Operating Expenses

3,303 085 14

945 303 42

881 832 73

1 279 551 32

6 409 772 61

Tset Earnings

187,497 12

D 95 105 72

D 2 966 10

D 292 484 16

D 203057 86

Receipts from Other Sources

124,367 13

11 088 46

9 354 46

144 809 39

289 619 44

Total Available Revenue. .

311,864 25

D 84 017 26

6 389 36

D 147 674 77

86561 58

Interest on Bonds, Taxes, etc

126,734 42

76052 07

49 42

250 00

203085 91

Dividends

128,208 00

128 208 00

Total Payments

254 942 42

76 052 07

49 42

250 00

331 293 91

Balance— Surp. or Def

S 56 921 83

D 160 069 33

8 6 339 94

D 147 924 77

D 244 73'^ 33

the workinp of the veins that were relied upon to furnish a profitable output from this property, and a much
r expenditure than had been contemplated will be necessary. The reorgi '

holding the matter in abeyance.

reorganization committee are therefore

POOR'S MANUAL — PENNSYLVANIA RR. CO.

Statement showing the income and disbursements of the railroads owned and controlled
by the Pennsylvania RR. Co., but which are operated independently, for the year ending
Dec. 31, 1897 :

P. W. &
B. RR.

No. Cent.
Ry. Sys.

Cum. Vy.
RR.
Proper.

Allegh'ny
Vy. Ry.

W. J. &

S. S. RR.

Total.

RR. Operated

669m.

8,791,437
6,404,205

390m.

$
6.732,703
4,798,367

82m.
$
744,478
493,447

273m.

$
2.553,135
1,478,266

312m.

8
2,550,940
1,959,018

1,726m.
$
21,372,693
15,133,303

Gross Earnings .

Operating Expenses

Net Earnings

2,387,232
459,460

1,934.336
366,789

251,031

1,074,869

591,922
7,876

6,239,389
834,126

Other Receipts

2,846,692

255,300
170,055
1,057,815
262,663

1,745,733

1,100,959
827,355

2,301,125

771,695
132,253
410,041
64,265

251,031

21,640

17,842

1,074,869

978,758
95,539

599,798
253,381
t... 64,137

7,073,515
2,280,674
2,286,042

Interest on Bonds

Other Interests, Taxes, etc

Lease Rentals

Other Charges

t 11,432

Total Charges ,

1,378,254

922,871
536,267

50,914

200,117
142,228

1,074,297
J571

317,518

282,280
235,620

4,566,716

3,506,798
1,731,470

Net Revenue

Dividends Paid

Surplus

S. 273,604

8. 396,604

S. 57,889

S. 571

8. 46,660

S. 775,328

* Consisting of dividends (6 p. c.), $161,240; amount charged against dividend fund in adjustment of
rental under lease expiring May 1, 1897, $26,873— total, $188,113. The lease under which this road had been
operated since May 4, 1855, having expired May 1, 1897, a new lease was made to the P., W. & B. RR. Co.,
under which the entire net earnings of the Delaware RR. are now paid into its own treasury. After paying its
regular dividend of 6 p. c. it carried a considerable surplus to the credit of profit and loss, t Real Estate and
construction. } Includes the operations of the Mont Alto RR., which was leased to the Cumberland Valley
RR. Co., Jan. 1. 1897.

The company also has a controlling interest in the Camden and Philadelphia Steamboat
Ferry Co., which operates the boats connecting the Pennsylvania RR. lines terminating at
Camden and Philadelphia, and in the West Jersey Ferry Co., operating a line of boats be-
tween Philadelphia and Camden.

The following statement shows the income and disbursements of those companies for the
year ending Dec. 31, 1897 :

Gross
Earnings.

Operating
Expenses.

Net
Earnings.

Fixed
Charges.

Surplus.

Camden and Philadelphia Steamboat Ferry Co. ..
West Jersey Ferry Co

240,135 89
150,315 69

117,851 34
74,634 06

122,28455
75,681 63

$
6,656 GO
6,929 79

$

115,627 95
68,751 84

Totals . .

390,451 58

192,485 40

197,966 18

13,586 39

184,379 79

PENNSYLVANIA CANAL COMPANY.

This company ia controlled by the Pennsylvania RR. Co. The canal extends from Colum-
bia to Nanticoke, Pa., with branches from Northumberland to Loyalsock Creek, and from the
mouth of the Juniata River to Newton Hamilton, Pa., a total of 249 miles. The following
statement shows the operations of the canal for 1897 as compared with 1896 :

Gross
Earnings.

Operating
Expenses.

Net
Earnings.

Other
Receipts.

Net
Income.

Interest
and
Taxes.

Deficit
•for Year.

1897.

$
59,662 49
59,715 22

9

58,405 35
64,935 30

$
1,257 14
D. 5,220 08

S
7,878 05
7,148 11

S

9,135 19
1,928 03

$

151,022 25
152,424 60

S
141,887 06
150,4<J6 57

1896

Decrease

52 73

6,529 95

1,402 35

8,609 51

Increase.

6,477 22

729 94

7,207 16

The aggregate tonnage for the year was 250,526 net tons ; a decrease, as compared with
1896, of 9,949 net tons. The anthracite coal tonnage increased 3,298 gross tons, while the
lumber tonnage, including logs, decreased 2,468 net tons.

618

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.

LINES WEST OP* PITTSBURGH.

The following statement gives the results of the operation of the lines west of Pittsburgh
by the Pennsylvania Co. and the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co. :

1897

1896

Increase or
Decrease.

The Total Earnings of the Penn. Co. on Lines Operated by it were.. .
Expenses

20,225,670 12
12,175,60084

19,423,975 31
12,111,60430

li

7. 801,69481
7. 63,996 54

8,050,069 28
7,066,904 04

7,312,371 01
7,102,988 96

7. 737,698 27
D. 36,084 92

From this deduct :
Rental, Interest, and Liabilities of all kinds Chargeable Thereto

983,165 24

17,771,942 18
12,114,0*138

209,38205

16,873,854 82
12,359,999 04

7. 773,783 19

7. 898,087 36
D. 245,964 66

The Total Earnings of the Pittsburgh, Cincinnati, Chicago and St.
Louis Rv Co on Lines Operated Directly by it were

5,657,907 80
4,187,203 26

4,513,865 78
3,850,912 30

/. 1,144,05202
7. 336,290 96

From this deduct :
Rental, Interest, and Liabilities of all Kinds Chargeable Thereto.. .

Net Profit on Pittsburgh, Cinc'nati, Chic. & St. Louis Ry. Co. 'a lines.
Net Profit or Lines West of Pittsburgh

1,470,704 54

662,94348

7. 807,761 06

2,453,869 78

872,325 53

7. 1,581,54425

The other lines west of Pittsburgh, on account of which the company has assumed direct
obligations, or in which it is largely interested through ownership of securities, but which
are operated through their own organizations, are, the Cincinnati and Muskingum Valley Ry.;
Waynesburg and Washington RR. ; Pittsburgh, Chartiers and Youghiogheny Ry. ; Cleveland
and Marietta Ry. ; Grand Rapids and Indiana Ry., and roads operated through its organiza-
tion ; Toledo, Peoria and Western Ry. ; St. Louis, Vandalia and Terre Haute RR. ; East St.
Louis and Carondelet Ry. ; and Cincinnati, Lebanon and Northern Ry. ; and also the Terre
Haute and Indianapolis RR. and the following lines leased by it; — Terre Haute and Logans-
port RR., Terre Haute and Peoria RR., and Indiana and Lake Michigan Ry. ; but owing to the
default of the Terre Haute and Indianapolis RR. Co. in meeting its obligations to them it
was placed in the hands of a receiver, and the operations of those four roads are excluded
from these statements.

1897

1896

Increase or
Decrease.

The aggregate Gross Earnings of these Roads were

$

6,267,837 77
4,894,081 62

$
6,222.397 67
5,090,992 96

$

7. 45,440 10
D. 196,911 34

Expenses

Net Earnings

1,373,756 15
1,537,93588

1,131,404 71
1,408,2:37 96

7. 242,351 44
7. 129,697 92

Deduct Rental, Interest, etc.

Loss

164,179 73
117,271 24
2,453,869 78

276,83325
197,738 04
872,3-» 53

D. 112,653 52
D. 80,466 80
7. 1.581,54425

Of this Loss, this Co., mder Existing Contracts, is Responsible for. .
Which deducted from the Profit shown in the above Statement

Leaves a Net Profit on all Lines West of Pittsburgh

2,336,598 54

674,587 49

7. 1,662,01105

The favorable results from the working of these lines show the improved conditions existing during the
past year. The traffic and revenue both show a large increase, and a substantial surplus was carried to the
credit of profit and loss, after providing for all obligations, on each system.

FUNDED DEBT.

In view of the fact that a large amount of bonds upon the lines embraced in the Western
System would mature early in 1898, it was deemed wise to take advantage of the prevailing
ease in the money market to secure, at exceptionally favorable rates, the necessary funds to
meet such obligations. A sale was therefore made of $5,000,000 guaranteed trust certificates
of the Pennsylvania Co., dated Sept. 1, 1897, having 40 years to run and bearing 3$ p. c. in-
terest. The.-e certificates were issued by the Girard Life Insurance, Annuity and Trust Co.
of Philadelphia, as trustee, and are t-ecured by the deposit with that company of an equal

POOR'S MANUAL — PENNSYLVANIA RR. CO. 619

amount of the 7 p. c. guaranteed special stock of the Pittsburgh, Fort Wayne and Chicago
Ry . Co. The Pennsylvania Co. covenants to pay the principal and interest of these certificates,
and this company guarantees the performance of that obligation. They constitute series A
of an authorized issue of $20,000,000, and the other series will be available from time to time
for the capital acquirements of the Western lines.

Among the securities to be provided for through the sale referred to are the 2d mtge.
bonds of the St. Louis, Vandalia and Terre Haute RR. Co., maturing May 1, 1898, and
amounting to $2,600,000. For the purpose of protecting the company's interests in that road
in which the system has a controlling interest, these bonds will be purchased and held until
the relations between the Terre Haute and Indianapolis RR. Co. and its leased lines are further
adjusted.

No definite result has yet been reached in the litigation growing out of those leases and
the guarantees made by the Terre Haute and Indianapolis RR. Co. prior to this company's
securing the control of that system. The property is still in the hands of Mr. V. T. Malott,
as receiver, and has been faithfully and prudently administered in the interest of its owners
and creditors. But the current revenues of the system are unable to meet its obligations and
provide for the renewals and betterments absolutely essential to the proper maintenance of
the property ; and it would be greatly to its advantage if an equitable basis could be reached,
satisfactory to the various interests involved, upon which its liabilities could be brought more
into accord with its earning capacity.

The rebuilding of the bridge over the Ohio River at Cincinnati was completed on May 22,
1897, and the improved structure furnishes admirable facilities for rail, trolley, and highway
traffic. The reconstruction of the passenger station at Columbus, Ohio, was also practically
completed on July 2, 1897, and it is now fully adapted to the requirements of the passenger
traffic at that point.

SINKING FUNDS.

The remaining bonds ($256,000) of the issue of $3,200,000\>f the Pennsylvania Co.'s 6 p. c.
bonds, secured by Pittsburgh, Fort Wayne and Chicago Ry. Co. stock as collateral, were paid
off through the operations of the sinking fund, and the collateral returned to the Pennsylvania
Co. No further redemptions could be made of the 4£ p. c. bonds secured under the $20,000,000
mortgage, so that the amount outstanding at the close of the year was $19,467,000.

The report made by the trustees of the sinking funds of the 1st and 2d mtges. of the
Pittsburgh, Fort Wayne and Chicago Ry. Co. shows that they redeemed during the year
$30,000 of the 1st mtge. and $68,500 of the 2d mtge. bonds, making the total amount redeemed
to Dec. 31, 1897 :

First Mortgage Bonds $2,630,500 00

Second Mortgage Bonds 2,968,000 00

With a balance of cash in the hands of the trustees, uninvested, Dec. 31, 1897 :

On Account of First Mortgage Sinking Fund $1,403,694 25

On Account of Second Mortgage Sinking Fund 1,441,484 77

Total $2,845,179 62

The further amount of $224,034.10 was added to the sinking funds provided for the re-
demption of the bonds issued under existing mortgages of the Cleveland and Pittsburgh RR.
Co., in addition to the amounts contributed directly to other sinking funds by the individual
companies.

Under the provisions of the sinking fund established for the redemption of the 1st mtge.
7 p. c. bonds of the Jeffersonville, Madison and Indianapolis RR. Co., one of the constituent
organizations of the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co., $1,062,000 of
those securities have been redeemed and cancelled to Dec. 31, 1897, leaving $1,881,000 out-
standing. No further redemptions were made of the consol. mtge. bonds of the Pittsburgh,
Cincinnati, Chicago and St. Louis Ry. Co., and there were outstanding at the close of the year
$27,863,000 of these securities.

Under the agreements heretofore made with the Grand Rapids and Indiana RR. Co.,
which was reorganized on .Aug. 1, 1896, as the Grand Rapids and Indiana Ry. Co., $4,387,-

620

POORS MANUAL OF RAILROADS— RAILROAD "SYSTEMS.",

000 of the 7 p. c. bonds of ihe former company, maturing Oct. 1, 1899, have been extended at
4i p. c., leaving $988,000 yet to be extended.

SUMMARY OP CAPITAL EXPENDITURES UPON THE LINES WEST OP PITTSBURGH.

The following statement will show the amounts expended during the past year for con-
struction, equipment, and real estate :

Pennsylvania Company:

For Equipment $117,494 50

For Real Estate $20,091 20

Credit by Real Estate Sold 5,150 00— 14,941 20— $132,435 70

Pittsburgh, Fort" Wayne and Chicago Ry 335,589 22

Cleveland and Pittsburgh RR '0,465 67

Little Miami RR l-°23

St. Louis, Vandalia and Terre Haute RR ii,Sbb bfc

Cleveland and Marietta Ry 9> „ 2?

South Chicago and Southern RR 10,135 70

State Line and Indiana City Ry

Calumet River Ry I.193 <5

Calumet Western Ry 30,281 81

Englewood Connecting Ry 3,945 08

New Cumberland and Pittsburgh RR 372 61

Total Amount Expended for Construction, Equipment, and Real Estate during 1897 $609,687 13

On Account of which there have been Received from these Companies in Cash 23,519 69

Leaving the Sum Invested in Cash for Construction, Equipment, and Real Estate $586,167 44

The principal item of expenditure, in addition to the usual outlay for car-trust equipment,
was the elevation of a portion of the Pittsburgh, Fort Wayne and Chicago Ry. in the city of
Chicago, in compliance with the requirements of its municipal legislation. A large part of
the work between Fifty-fifth Street and State Street has been completed, while on the Pitts-
burgh, Cincinnati, Chicago and St. Louis Ry. the elevated track between Western and Ogden
Avenues has been in iise for several months past.

Summary of lines, owned, controlled and operated east and west of Pittsburgh :

EAST OF PITTSBURGH.

WEST OF PITTSBURGH.

ALL LINES.

1897

1896

1897

1896

1897

1896 •

Gross Earnings

$
86,157.851 85
53,759,903 27

$
83,613,849 12
59,169,922 31

S

42,120,235 01
28,881,128 64

$
40,027,419 18
29,159,40708

$
128,278,086 86
87,641,031 91

$

123,641.268 30
88,329,329 39

Operating Expenses
Net Earnings

27,397,948 58

24,443,926 81

13,239,106 37

10,868,012 10

| 40,637,054 95

35,311,93891

Statement showing traffic and earnings on all lines east of Pittsburgh (including the
Delaware and Raritan Canal, 66 in.), and earnings on all lines west of Pittsburgh :

1891

1892

1893

1894

1895

1896

1897

EAST.
Miles Operated ....

2,573.46
44,810,727
795,098,618
. 67,501,265
7,119,576,812
$
67,426,841
45,947,445

2,656.57
46.648,572
843,819,609
71,915,325
7,613,348,641

68,841,844
48,819,361

2,723.75
44,135,320
813,652,864
69,887,460
7,452,366,488
$
66,375,224
46,996,017

2,737.07
38,596,160
693,010,056
64,677,694
6,927,195,092
$
58,704,285
40,363,747

2,741.42
37,452,437
712,072,950
78,259,526
8,173,218,103

64,627,178
44,510,656

2,721.46
36,170,220
699,799,213
72,967,125
7,727,923,844

$
62,096,503
43,459,327

2,747.35
34,997,524
693,279,336
79.562,465
8,555,622,317
$
64,223,113
43,257,627

Passengers Carried
PassengersCarried 1 Mile
Tons Freight Moved . .
Tons Moved 1 Mile

Gross Earnings

Operating Expenses
Net Earnings

21,479,396
6,019,897

20,022,483
6,042,992

19,379,207
6,036,941

18,340,538
5,513,195

20,116,522
5,063,460

18.637,176
5,418,881

20,965,487
5,494,498

Other Receipts

Net Income.

27,499,293

44,210,284
29,569,378

26,065,475

47,369,583
32,900,539

25,416,148

45,542,794
31,990,851

23,853,733

42,669,468
30,180,115

25,179,983

47,982,475
33,153,833

24,056,057

42,520,227
29,562,596

26,459,985

44,265,450
29,183,717

WEST.
Earnings . .

Expenses

Net Earnings. ...

14,640,906
11,977,936

14,469,044
12,076,056

13,551,943
11,676,833

12,489,353
12,538,524

14,828,642
12,929,610

12,957,631
12,362,139

15,081,733

Interest, Rental, etc

Profits to Pa. RR. Co...
Loss to Pa. RR. Co |

2,602,970

2,392,988

1,875,110

1,899,032

595,492

49,171

POORS MANUAL — PENNSYLVANIA KB. CO.

621

Comparative statement of passenger and freight traffic on lines east and west of Pitts-
burgh for the years 1897 and 1896 :

1897

1896

1897

1896

Tons.

Tons 1 Mile.

Tons.

Tons 1 Mile.

Pass'gers.

Pass. 1 Mile.

Pass'gers.

Pass. 1 Mile.

E. of P...
W. of P....

Total

107,715,894
51,800,056

10,188,334,652
4,613,306,096

99,016,504
46,176,140

9,237,010,769
3,960,635,074

53,315,972
15,532,725

1,096,924,503
411,283,361

55,540,576
16,379,284

1,095,493,527
432,076,609

159,515,950

14,801,540,748

145,192,644

13,197,645,843

68,848,697

1,508,207,864

71,919,860

1,527,570,136

Statement of equipment and general balances for eight years ending Dec. 31:

1890

1891

1892

1893

1894

1895

1896

1897

Miles of MainLine(viaCol'a.)
Miles of Track Owned

357.74

357.74
1,637.16
1,545.66
1,623
1,291
269
36,141
2,938
$
126,771,200

19,997,820
27,480,020
4,998,000

357.84
1,861.25
1,658.55
1,699
1,369
311
38,396
3,001

126,774,500

19,997,820
27,480,020
4,998,000

357.81
1,828.12
1,766.78
1,805
1,379
383
42,125
3,075

129,271,050

19.997,820
2^,480,020
4,998,000
3,000,000

857.81
1,838.85
1,780.47
1,803
1,388
374
41,971
3,081
$
129,298,200

19,997,820
27,480,020
4,998,000
3,000,000

357.81
1,864.17
1,815.88
1,803
1,388
374
42,278
3,088
S
129,301,550

19,997,820
27,480,020
4,998,000
3,000,000
4,850,000
1,000,000
9,900,000
2,728,000
4,003,071
7,702,000
2,000,000
21,768,776

1,882,550
3,283,461

357.81
1,905.87
1,869.05
1,803
1,375
390
43,309
3,120

129,303,150

19,997,820
27,480,020
4,998,000
3,000,000
4,850,000
1,000,000
9,900,000
2,728,000
4,288,071
7,702,000
2,000,000
18,258,723

1,882,550
3,283,462

357.81
1,937.55
1,904.82
1,803
1,375
390
48,588
3,139
$
120,303,700

19,997,820
27,480,020
4,998,000
3,000,000
4,850,000
1,000,000
9,900,000
2,728,000
4,288,071
7,702,000
2,000,000
20,776,875

1,882,550
3,283,462

M. Steel Rail in T'ck Owned

1,572
1,230
254
31,668
2,790
S

123,082,050

lSj.997,820
27,480,020
4,998,000

Passenger Cars

Baggage, etc., Cars s
Freight and Coal Care

Roadway and Surface Cars.
Capital Stock

Funded Debt:
G«n. Mtge., 1910
Cons. Mtge., 1905
Cons. Mtge., 1919
Cons. Mtge., 1943

Cons Mtge. . 1945

Navy Yard Mtge., 1901 ...
Collateral Trust, 1913
Equipment Bonds

1,000,000
9,900,000
2,932,000
3,084,286
7,915,000

1,000,000
9,900,000
2,791,000
3,014,286
7,909,000

1,000,000
9,000,000
2,748.000
3.484,886
7,909,000

1,000,000
9,900,000
2,1-38,000
3,919,800
7,788,000
1,675,000
21,498,578

1,882,550
3,283,460

1,000,000
9,900,000
2,728,000
3,950,396
7,702,000
2,000,000
17,379,167

1,882,550
3,283,460

Mtges. and Ground Rents. .
Stock Trust Certificates. . . .
Real Estate IstMt^e

Accounts Payable, etc
Guaranteed Stock & B'ds, 1
H. P.,Mt.J.&L.RR.Co. )"
Securities United Cos

21,543,870
1,882,550

3,733,445
931,921
4,159,193
3,715,900
80,500

23,181,101
1,882,550

3,733,445
853,626
4,257,815
4,462,113
161,000

21,300,205
1,882,550

3,346,760
786,987
4,346,995
4,728,681
241,500

Equipment United Cos
Securities Fund

4,420,850
4,690,240
322,000

4,495,191
5,015,020
402,500
319,971

4,582,408
5,339,800
483,000
411,882

4,655,456
5,664,580
563,500
51,647

4,749,867
5,989,360
644,000
226,159
1,800,000
22,823,957

Bonds Redeemed

Payments for Leased Equip.
TrusteesCons. Mtge. S. F...

Extraordinary Expen. Fund
Profit and Loss

22,017,793

24,&J4,S34

26,461,861

26,478,152

23,155,632

23,553,470 24,152,323

Total Liabilities

25&454^49

38,948,685
5,375,733
33,899,693
15;711,672

266,727,871

j- 49,32«,B8S

36,714,814
15,842,666

267,387.765

51,276,833

39,385,970
16,880,763

274,343,520

54,261,767

42,501,281
19,270,938

267,987,927

54,614,180

43,225,258
19,818,640

278,265,808

54,614.180

43,645,158
20.142,993

275,759,302

55,267,699
45,349,842
20,458,405

279,423.841

55.267,700
45,463,243
20,458,405

Pa. RR. and H. L. RR
Phila. and Columbia RR. . .
Equipment

Real Estate and Telegraph.
Permanent Property. . .

Bonds of RR. Companies. . .
Stocks of RR. Companies. .
Other Investments.

93,935,783

37,615,879
66,982,746
8,585,109
4,065,695
1,943,920
10,000
3,733,435
931,921
50,250
4,563,173
25,940,737
10,095,691

101,894,162

38,049,144
68,021,735
8,528,902
4,159,193
2,268,700
10,000
3,733,442
853,626
31,450
4,314,050
23.554,288
11,319,179

107-543,56<>

30,794,606
71,239,733
12,614,366
4,257,815
2,593,480
10,000
3,346,760
786,987
41,450
4,289,587
21,535,486
8,333,929

116,033,986

33,544,704

73,594,830
11,546,875
4,346,995
2,918,260
10,000
3,283,460

117,658,073

34,047,112

73,272,968
11,685,575
4,420,850
3,243,040
10,000
3,283,460

118,402531

33,628,956
73,713,702
10,693,248
4,495,191
8,567,820

itr,ooo

3,283,461

121,075,946

34,901,645

74,392,584
10,653.666
4,582.408
3,892,600
10,000
3,283,462

121,189,347

*38,735,317
t8J,924,027

Trust of 1878

4,655,456
4,217,380
10,000
3,283,462

Consol. Mtge. of 1873, S. F.
Bonds to Ins. Fund

Securities United Cos
Equipment United Cos.. ..
Mtge. and Ground Rents. . .
Fuel and Materials

33,450
3,436,501
17,268,989
8,325,469

104,450
2,377,609
5,147,080
12,737,710

' 103,000
3,021,431
7,183,600
80,163,068

45,000
2,850,389
4,268,023
15,808,580

3^,500
2,077,068
3,a53,842
20,445,441

Advances to Cos., etc
Cosh and Cash Balances. . .

Property and Assets —

258454,349

266,727,871

267,387,765

274,343,520

267,987,927

278,265,808

275,759,302

279,423,841

• Includes bonds of other corporations, t Includes stocks of other corporations.

622

POOR'S MANUAL OF RAILROADS — RAILROAD ''SYSTEMS."

General Balance Sheet, Dec. 31, 1897.
ROAD AND EQUIPMENT.
Dr.

Cost of Road, including the cost of the Harrisburg, Portsmouth, Mt. Joy and
Lancaster RR. represented by the guaranteed Capital Stock and Bonds of

that company ($1,882,550) 855.267,699 56

Real Estate...... 20,458,40473

Equipment 842,463,242 59

Equipment, covered by 4 p. c. Equipment Trust Gold Loan, Girard
Life Insurance, Annuity and Trust Co., Trustee :

Account Penn. RR. Co $1,390,000 00

Account Penn. Co .... 1,610,000 00— $3,000,000 00— 45,463,242 59—8121,189,346 88

Securities— Cost of : Stock of Railroad and other Corporations 80,924,026 53

Bonds of Railroad and Other Corporations 38,735,317 08— 119,659,343 61

Mortgages and Ground-Rents Receivable 82,500 00

Appraised value of securities not disposed of, received with the lease of United

New Jersey RR. and Canal Co 3,283,462 25

Current Assets : Due for Advances for Construction and other Purposes 3,853,842 34

Bills Receivable 499,792 07

Due from Agents and Superintendents 3,370,161 97

Miscellaneous Assets 1,633,196 95

Materials on Hand 2,077,068 08

Cash:

Special Deposit for Redemption of the following bonds :
Erie and Pittsburgh RR. Co. Consolidated Mort-
gage 7 p. c., maturing July 1, 1898 82,109,000 00

Balances with London Joint Stock Bank, Lim-
ited, and others for Payment of Interest 1,571,545 68

In Hands of Treasurer 11,261,744 72— 14,942,290 40— 86,376,351 81

SINKING FUNDS.

Pennsylvania RR. Cons. Mortgage Sinking Fund $5,989,360 00

Less bonds redeemed and cancelled 1,771,980 00— 4,217,380 00

Managers of Trust Created Oct. 9, 1878 4,655,456 50— 8,872,836 50

Insurance Fund .*. 10,000 00

Total Assets $279,423,841 05

Cr.

Capital stock $]29,303,700 00

Funded Debt : General Mtge. Bonds, 6 p. c., 1910 819^97,820 00

Consolidated Mtge. Bonds, 6 p. c., 1905 827,480,020 00

Consolidated Mtge. Bonds, 5 p. c., 1919 4,998,000 00

Consolidated Mtue. Bonds, 4 p. c., 1943 3,000,000 00

Consolidated Mtge. Bonds, 3J p. c.. 1945 4,850,000 00— 40,328,020 00

Navy Yard Mtge. Bonds, 5 p. c., 1901 1,000,000 00

Collateral Trust Loan, 4i p. c., 1013 9.900,000 00

Equipment Trust Loan, 4 p. c., 1914 2,728,00000

P., W. & B. RR. Co. stock trust certificates, 4 p. c., 1921 7,702,000 00

First Mtge. Real Estate Bonds, 4 p. c., 1923 2,000,000 00

Mortgages and Ground-Rents Payable 4,288,070 72— 87,943,910 72

Guaranteed Securities under lease Harrisburg, Portsmouth, Mt. Joy and Lan-
caster RR. :

Capital stock 1,182,550 00

First mtge. 4 p. c. Bonds 700,000 00— 1,882,550 00

Appraised Value of Securities not disposed of, Received with the lease of United

New Jersey RR. and Canal Co 3,283,462 25

Extraordinary Expenditure Fund 1,800,000 00

Current Liabilities : Pay Rolls and Vouchers 5,420,232 49

Net Traffic Balances Due Other Roads 1,768,315 52

Due Controlled Companies, Other than Traffic Balances 10,177.316 56

Due Employes' Saving Fund 155,97212

Due Relief Fund, Current and Surplus Accounts 599,791 16

Due Insurance Fund 23,946 19

Interest Accrued on Pennsylvania RR. Co. Bonds 1,637,276 86

Interest on Bonds Matured and Uncollected 44,724 48

Dividends Uncollected by Stockholders 19,633 00

Miscellaneous Liabilities - 929,666 43— 20,776,874 81

SINKING FUNDS.

Sinking Fund Consolidated Mtge. Bonds, Contributions to Dec. 31, 1897 85,989,360 00

V und for Purchase of Securities Guaranteed by the Pennsylvania RR. Co., under

Trust ore-ited Oct. 9, 1878 4,749,866 97

reniiBylvania Co. payments for Leased Equipment under Pennsylvania RR. Co.

4p. c. Equipment Trust Gold Loan 044.000 00

trustees' Staking Fund Cons. Mtge., Pennsylvania RR. Co 226,159 32- 11,609,386 29

Balance to Credit of Profit and Loss 22,823,956 98

Total Liabilities $279,423,841 05

POOR'S MANUAL — PENNSYLVANIA RE. CO.

623

The total line charged in construction account for road between Philadelphia and Pittsburgh includes the
Harrisburg, Portsmouth, Mt. Joy and Lancaster RR., 109.22 m., represented by $1,882,550 guaranteed stock
and bonds of that company; the branches to Indiana, Hollidaysburg, and Morrison's Cove; branch at Tyrone
and branch to connect with P., V. & C. RR. and branch; Columbia Bridge; branches from Columbia to York,
and sundry other branches and extensions, and including wharves and grain elevator, and cost of stations,
warehouses, and shops. The equipment, charged in equipment account, consists of locomotives, passenger
cars, baggage, mail, and express cars, freight cars, and road cars, as well as shop machinery, steamboats, car
floats, and canal equipment, schooners, barges, and tugs.

The stock trust certificates of 1921 (originally $10,000,000) were issued to provide part of the means for
the purchase of the P., W. & B. RR. (see SUMMARY OF PROGRESS, in MANUAL for 1882, page 288), and bear 4
p. c. interest. For the payment of these certificates the faith of the Pennsylvania RR. Co. is pledged, and
they are further secured by deposit in trust with the Pennsylvania Co. for Insurance on Lives and Granting
Annuities, of 160,000 of the shares purchased. The dividends upon this stock, after providing for the interest
on the outstanding certificates, are applied as a sinking fund for their purchase and cancellation, whenever
they can be obtained at a price not exceeding par.

Statement of funded debt outstanding, Deo. 31. 1897:

CHARACTER OF BONDS.

Date.

Due.

Interest.

Outs'ding.

Int. Charge.

Gen. Mtge. (coup. <fc reg.)

Consol. Mtge. (coup, and
roe.)

July 1, 1867

(July 1,1873)
^Jnly 1,1874V
( June 15, 1875 }
Sept. 1,1879
May 1, 1893
July 1, 1895
Jan. 1, 1876
June 1, 1883
Sept. 2, 1889
May 1,1893

July 1, 1910

j July 1, 1905 1
| June 15, 1905 )

Sept. 1, 1919
May 1, 194S
July 1, 1945
Jan. 1, 1901
Jane 1, 1913
Sept. 1. 1914
May 1, 1923

a „ /. J conp., Jan. <fc July 1
8P-c-1reg.,April& Oct f

ft _ „ j coup.,June & Dec. 1
6P-c-1reg.,M.,J.,S.,&D. f

5 p. c. See below

$19,997,820

27,480,020

4,998,000
3,000,000
4,850,000
1,000,000
9,900,000
2,728,000
2,000,000

$1,199,869 20

1,648,801 30

249,900 00
120,000 00
169,750 00
50,00000
445,50000
109,120 00
80,00000

Consolidated Mortgage . .
Consolidated Mortgage . .
Consolidated Mortgage. .
Navy Yard Mtge. (reg.). .
Collateral Trust Loan. . . .
Equipment Trust Gold L.
1st Mtge. Real Est. Bonds

Total

4 p. c. May and Nov

3J p. c. Jan. and July

5 p. c. Jan. and July

4J p. c. J tine and Dec

4 p. c. March and Sept
4 p. c. May and Nov

$75,953,840

$4.072,940 40

The general mtge. bonds are secured, under a deed dated July 1, 1867, by a mtge. of $35,000,000 on the
railroads, real and personal estates, premises, hereditaments, etc., made to two trustees for the benefit of the
holders. Denominations, $1,000 or £200. The sterling bonds ( £2,781,200) are all in coupon form. Interest
on them is payable at the London Joint Stock Bank, Limited, London, Eng.

The consol. mtge. was executed in 1873, and authorized an issue of $100,000,000 bonds, secured on the
entire property and franchises of the company, including rolling stock, and also by a deposit of securities of
an estimated cost value of $54,025,301.16. All consols are equally secured under the same deed of trust, though
issued at different periods. The bonds maturing in 1905 were issued July 1, 1873, July 1, 1874, and June 15,
1875. Of the amount outstanding, £4,693,200 are Sterling coup, bonds of £200 each. These sterling bonds
may be registered as to principal at the company's London agency. Interest is payable in London, Jan. 1 and
July 1; principal in London, July 1, 1905. Coupons of the currency issue are payable June 15 and Dec. 15,
and the registered interest March 15, June 15, Sept. 15 and Dec. 15; principal and interest payable in Phila-
delphia, Pa. The consol. loan of Sept. 1, 1879, is in coup, and reg. forms — coup., for $1,500,000, with interest
payable March and Sept.; reg., for $3,498,000, with interest payable March 1, June 1, Sept. 1, and Dec. 1,
Bonds are for $1,000 each. A sinking fund of 1 p. c. is provided, which is applied to purchase of the bonds
if at par or under, or is allowed to accumulate if they are not. The bonds of May 1, 1893 ($6,000,000 in all
to be issued), were issued to meet the cost of certain improvements. They are for $1,000 each, in coup, form,
but may be registered as to principal at the registration offices of the company in New York and Philadelphia.
The bonds of 1879 and those of 1893 are payable, principal and interest, in gold. Interest on the bonds of
1943 is payable at the Farmers' Loan and Trust Co., New York.

The issue of July 1, 1895-1945, is a sterling loan, issued to provide means for contemplated improvements
and to take up securities of other portions of the system, which bear higher rates of interest. The bonds are
for £200 each, in coup, form, but may be registered at the London Joint Stock Bank as to principal only or as
to principal and interest; bonds registered as to principal only may be again made payable to bearer, but
bonds once registered as to principal and interest must remain so. Principal and interest payable at the
London Joint Stock Bank.

The authorized issue of the collateral trust loan was $10,000,000, of which $100,000 have been retired by
the action of the sinking fund. The bonds are for $1,000 each " to hearer," and are a direct obligation of the
company. They are secured by deposit with the Provident Life and Trust Co. of Philadelphia, of $13,845,000
bonds of subsidiary lines. The bonds are not liable to be drawn or compulsorily redeemed before maturity,
but a sinking fund of 1 p. c. and interest on bonds redeemed will be applied half-yearly to their purchase if
they can be obtained at or below par and interest. They may be registered with the transfer agent at Phila-
delphia, in which case no transfer is valid as to principal, except upon the books of the company, unless the
last transfer be to bearer, which restores its transferability by delivery. The bonds are subject to successive
registrations and transfers to bearer at the option of each holder, but the coupons in all cases remain " to
bearer." Interest is payable in gold, free of all taxes, at the Provident Life and Trust Co., Philadelphia, Pa.

The equipment trust gold bonds are for $1,000 each, in coup, form, but they may be registered in
Philadelphia, both as to principal and interest. These bonds are known as Series A, and are secured by a
mtge. on the equipment purchased with the proceeds. There is provision made in the mtge. for a sinking
fund of 5 p. c. per annum, to be applied to purchase of bonds at par and accrued interest, or if bonds cannot
be had at that price, to the purchase of additional equipment, which will be added -to the same trust. Interest
is payable in Philadelphia, at the Girard Life Insurance, Annuity and Trust Co.

The real estate mtge. gold bonds are for $1,0€0 each, in coup, or reg. form. Coup, bonds may be
registered or may be exchanged for full reg. bonds. The bonds were issued (the authorized amount is $2,-
000,000) 'or the purpose of securing the control of the outstanding interests in piers 3, 4, and 5, on th/j North
River, New York, Interest is payable in gold at the Farmers' Loan and Trust Co., New York.

624

POOR'S MANUAL OF EAILROADS — RAILROAD "SYSTEMS.'

Statement of stocks owned by the Pennsylvania RE. Co., Dec. 31, 1897 :

NAME OP
SECURITY.

Stares

1

W

Total Par.

Income
for 1897.

NAME or
SECURITY.

Shares

.d

Total Par.

Income
for 1897.

A.V. Ry. Co.,com.
A. V. Ry. Co., (_

193,076
228,633
Scrip.

1,600
14,125
92,327
1.000
12,000
4,892

250
2,000
26,011

6,923
6,677
12,000
10
25,566

10,000
7.286
2.000
19,517

2,242

2,502
2,000
2,500

26,000
8,113
7,000
600
3,000

378
10.667

26,445.40

4,000

2,100
34,500
1,500
1,533
7,118
22,209
10
9,013

40,000
1,000
2,025

2,300
5

16,667

954

5,180
5,000
10,000
69,779
18,500
5.000
70,343

'50
}"

50
50
50
50
50
50

100
50
50

50
50
50
50
50

50

25
50

50

50
100
100

50
50
50
50
50

100

100
100

"50
50
50
50
50
50
100

50

50

50
50
5
50
50
50
50
50

$
9,653,800 00

j 11,431,665 77

| 577

80,00000
706,250 00
4,616,350 00
50,000 00
600.00000
244,60000

25,00000
100,00000
1,300,55000

346,150 00
333,85000
600,000 00
50000
1,278,30000

500,00000
182,150 00
50,00000
975,850 00

112,10000

125,100 00
200,00000
250,00000

1,300,000 00
405,65000
350,00000
30,00000
150,000 00

37,80000

1,066.700 00
2,644,540 00

20,00000

10,500 00
725,000 00
75,000 00
76,650 00
355,90000
1,110,450 00
50000
901,300 00

2,000,000 00
33,333 33
1,012 50

11,50000

25000

100,00200

47,700 00
259,000 00
25,00000
500.000 00
3,488,950 00
9-25.000 00
250,00000
3,517,150 00

$

]::::::::

Pa. Equip. Trus..
Pa. Rolling Stock.
P. S. Vy. RR. Co.
Pa. Steel Co., com.
Pa. Steel Co. ,pref.
P. & N.W.RR.Co.
Perth Amboy &
Wood. RR. Co.
P'.,B. & T. RR.Co.
P.&D. Co. RR.Co.
P. & B. H. RR.Co.
P. & E. RR. Co.,
common
P. & E. RR. Co.,
i preferred ....

17
44
148,344
3,503
1,371
565

3,968
8,729
5,000
4,000

70,036

48,000
15,300
6
100
37i

25,255

217,819
4,000

22,455
24,064

24.185
67,638

$
1000
1000
50
100
100
50

50
50
50
50

50

50
50
100
50
50

50
50
50

100
100

100
50

17,00000
44,00000
7,117,20000
350,30000
137,100 00
28,25000

198,40000
436,450 00
250,00000
200,00000

3,501,800 00

2,400,000 00
765,00000
60000
5,00000
1,875 00

1,262,750 00
10,890,950 00
200,00000

2,245,500 00
2,406,400 00

2,418,50000
3,381,90000

2200
500,00000
491,00000
300,00000
25000
70,00000
120,00000
1,057,25000

837,00000
2,190,20000
395,000 00
1,000,00000
286,00000
2,136,80000

100,00000
43,250 00

1,920,00000
100,00000
1,000,00000

1,350,00000
3,15000

200,00000
1,000,000 00
165,00000

1,503,15000

65000
215,000 00
1,775,00000
400,00000

870 CO
4,72000

Altoona & Logan
Valley E.Ry.Co.
B. E. Vy. RK. Co..
Balt.&Po.RR.Co.
Barnegat. RR. Co.
B'd & B't Ry. Co.
Bel. Del. RR. Co.
B. & Mt. H. Tr.
RR Co

2,00000
70,625 00

19,84000

30,00000
12,23000

Bustleton RR. Co.
C. &C. RR. Co..
C. & P. St'mboat
Ferry Co

48,00000

34.61500
33,38500
30,00000
4200
76,693 50

P. &L.B RR. Co.
P. & T. RR. Co..
Phila. Bourse. . . .
P. B. 6 p. c. pre...
P.,G.&C. H.RR.
Co

Chartiers Ry. Co.
C. &.P. D.Ry.Co.
C. &X. RR. Co..
Connect'g Ry. Co.
Cresson &/ Irvona

RR. CO

6000

P..W.&B. RR.Co.
P. & C. Ry. Co...

762,366 50
9,00000

C. S.Co., common
C.S. Co., prefer'd
C.V.RR. Co., com.
C. V. RR. Co., 1st
preferred

P., C., C. & St. L.
Ry. Co., com...
P., C., C., &St. L.

}• 97,04400
J
10,00000

Ry. Co., prefd.
P.,F. W. &C.Ry.
Co.,guar. spec'l.
P., V. & C. Ry. Co.
P.,V.&C. Ry.Co.,
dividend scrip. .

C. V. RR. Co., 2d
preferred .
C.V. & M. RR. Co.
D.&S. Market Co.
Del. Riv. RR. &
Bridge Co . .

165,620 00
169,093 75

Pom.&N. RR.Co.
R. & C. RR. Co..

10,000
9,820
6,000
5
2,000
2,400
21,145

8.370
43,804
7,900
20,000
5,720
21,368

1,000
865

19,200
2,000
20,000

13,500
126

4,000
20,000
3,300

30,063

13
860
35,500
8,000

50
50
50
50

'50
50

100
50
50
50
50
100

100
50

100
50
50

100
25

50
50
50

50

50
250
50
50

D. & L. RR. Co..
E. &B. L. RR. Co.
Engelside RR. Co.
Fair Hill RR. Co..
F. & J. Agricul.
RR. Co....

29,46000
15,00000
1500

River-Ft. RR. Co.
R. H. RR. & T.Co.
R. RR. Co.,instl..
S. Fork RR. Co. . .
S. W. Pa. Ry.Co..

6,COOOO

105,72500

Girard Point Sto-
rage Co

St. L., V. & T. H.

RR.Co.,lst pref.
S. B. RR. Co....

G.R.&Ind.Ry.Co.
H. & B. RR. Co.,
instalment
H. & S. RR. Co.,
instalment
Int. Navigat'n Co.
Johnsonb. RR.Co.
Junction RR. Co.
K. &T. RR. Co..
L. &T. RR.Co...
L. M.RR. Co
Louisv. Bridge Co.
Manor R. E. & T.
Co

S. & L. Ry. Co..
S.,H.&W.Ry.Co.
S. & C. RR. Co...
Susq. Coal Co....
The Pres., Man-

31,60000
100,00000

128,20800
5,00000

7,665*66
14,236 00

agers and Co. for
erecting a bridge
over the river
Delaware at or
near Trenton . . .
TiptonRR. Co...
T.,W. V.&O. RR
Co

4000
63,09100

Merchants' Ware-
house Co., inst't
M. & B. S. RR.
Co.. instalment.
M. &B. RR.Co.,
instalment.
M. &N.B. RR.Co.
M. R. & M. Co.,
instalment
Mt. H., L. & M.
HR. Co

6,00000

;T. cut-off RR.CO.

T. &C. Ry.Co...
U. N. J. RR. &
Canal Co

50,00000
135,00000
18900

Vince. Br. of the
Bur. Co. RR.Co.
W., A. & Mt. V.

2,862 00

Ry. Co

W. South. Ry. Co.
W. C. RR. Co....
W.J.&S. RR.Co.,
common

8,25000
75,157 50

3900
17,20000
106,50000

Xescopec RR. Co.
N.J. W. & G. Co.
N. Y. Bay RR.Co.
Nor.Cen. Rv. Co.
N. &W.Br.Ry.Co.
Penn. Annex. . ..
Penn. Canal Co...
Penn. Car Trust.

W.J.&S. RR.Co.,
special guar
W. J. Ferry Co...
W. Penn. RR. Co.

Y.H. &F.RR.CO.

Total

20,00000
244,226 50
74,000 00

25000

132,598,790 60

2,821,918 75

Penn. Co., com...

420,000

50

21,000,00000

POOR S MANUAL — PENNSYLVANIA RE. CO.

625

Statement stowing the bonds owned by the Pennsylvania RR. Co. on Dec. 31, 1897, and
income received from same during the year:

NAME or SECURITY.

Number
of
Bonds.

Each.

Total Par.

Income
for 1897.

Altoona & Logan Vy. Elec. Ry. Co. 1st mtge. 5s, gold coup.
Allegheny Valley Ry. Co. gen. reg. gold coup. 4s

$

$

$
3,725 00
2,540 00
14,000 00
150,000 00
85.000 00
60 00
13,040 00
5,00000
31,600 00
21,000 00

American Bottom, Lime, Marble and Coal Co. 1st coup. 7s.
Bait. & Pot. RR. Co. con. mtge. 5e, reg. coup, g; ser. "A ".
Bedford and Bridgeport Ry. Co. 5s, debenture certificate. .
Belvidere Delaware RR. Co. 1st mtge. 6s, extended

3,000
1
1
326
250
632
300
754
1,118
100
500
( 200
1 82
( 17t)
253
1
1
1
< 17
I 5

256
3,697

1,000
1,700.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
100
1,000
183,000
1,000
100
1,000
500

1,000
1,000

3,000,000 00
1,700,000 00
1,00000
326.000 00
250,00000
632,000 00
300,000 00
754,000 00
1,118,000 00
100,000 00
500,000 00

t 258,000 00

253,00000
183,000 00
1,000 00
100 00

[ 19,500 00

256,000 00
3,687,000 00

Belvidere Delaware RR. Co. consol. mtge. 4s, reg

Camden and Burlington Co. RR. Co. 1st mtge. 4s, g. coup.
Cambria and Clearfield RR. Co. 1st mtge. gold 5s, coup. reg.
Central Stock Yard and Transit Co. 1st mtge. 7s, reg

Cincinnati and Mnskingnm Vy. RR. Co. 1st mtge. 7s, coup.
Columbia and Port Deposit Ry. Co. 4s, mtge. coup

48,680 00

Cresson Springs Co. 6s, mtge. registered

Cresson and IrvonaRR. Co. 1st mtge. 4s, coup. reg. gold. .

Brie & Pitts. RR. Co. consol. mtge. 7s. coup

8,855 00
7,320 00
60 00
6 00

1,170 00

11,272 50
73,740 00
2,000 00
30,000 00
690 00
20.400 00
17,850 00
16,730 00
4,500 00

Fair Hill RR. Co. 4s, debenture certificate

Freehold & Jamesbg. Agricnl. RR. Co. con. mtge. 6s, reg..
Freehold & Jamesbg. Agricul. RR. 6s, cert, of indebtedness

Gettysburg and Harrisburg RR. Co. 1st mtge. 6s, coup
Grand Rapids and Indiana RR. Co. 1st mtge. 7s, gold coup.

Grand Rapids and Indiana Ry. Co. 2d mtge. 4s, gold coup.
Hanover and York RR. Co. 4s, debenture certificate

Indianapolis and St. Louis Ry. Co. mtge. gold 6s, coup
Indianapolis and Vincennes RR. Co. 2d mtge. 6s....

500

1,000

500,000 00

International Navigation Co. 6s, coup

340
228
239
150
1
1
180
1
22
1
27
1,400
384
14

1,000
1,000
1,000
1,000
294,174 65
316,000
1,000
200,000
1,000
467,073 99
1,000
1,000
1,000
1,000

340,000 00
228,000 00
239,00000
150,000 00
294,174 65
316,000 00
180,000 00
200,000 00
22,000 00
467,073 99
27,000 00
1,400,000 00
384,000 00
14,000 00

Jeflfersonv., Mad. & Ind. RR.Co. 1st mtge. s'k'g fd. 7s, coup.
Jersey City and Bergen RR. Co. ] st. mtge. 7s, coup

Johnsonburg RR. Co. 1st mtge. 6s, coup

Lewisburg and Tyrone RR. Co. 5s, debenture certificate. . .
Lisbon Coal Co. 5s, mtge

Maryland Steel Co., 1st mtge. 5s, reg
Nescopec RR Co. 5s, debenture '

9,000 00

N. Y. & Long Br. RR. Co. gen. mtire. 50-yr. 5s. g. reg. coup.
New York Bay RR. Co. 4s, certificate of indebtedness. . .
Northern Central Ry. Co. consol. gen. mtge. 6s, coup, gold
North and West Branch Ry. Co. 1st mtge. 6s, coup

18,682 96
1,620 00
84,000 00

Pennsylvania Canal Co. gen mtge. 6s, coup . . .

Penn. RR. Co. 4s, equip, trust coup. reg. gold series " A ".

56000
152 50
350,000 00
1,80000

Penn Schuylkill Vy. RR. Co. 1st mtge. 5s, reg

70
30
180

100,000
1,000
1,000

7,000,000 00
30,000 00
180,000 00

Penn. Steel Co. & Md. Steel Co. con. joint mtge. 6s, coup.
Phila & Del Co RR.Co. 1st mtge. 5s, reg. gold

Phila & Erie RR. Co. gen. mtge. 4s, reg

60 00
13,150 00
220,860 00

Phila. & Erie RR. Co. gen. mtge. 5s, reg. gold

263
3,681
750
263

1,000
1,000
1,000
1,000

263,000 00
3,681,000 00
750,000 00
263,000 00

Phila. & Erie RR. Co. 6s, consol. gen. mtge. coup, gold —
Phila. & Long Branch RR. Co. 1st mtge. 5V, coup

Phila., Gert'n & Chest. Hill RR. Co. con. mtge. 4js, g. coup.
Phila. Wilm'gt'n & Bait. RR. Co. stock 4s, reg. trust certif.
Piedmont & Cumberl'd Ry. Co. 1st mtge. 5s, gold coup —
Pitts., Gin. & St. L. Ry. Co., 1st concol. mtge. 7s, reg
Pitts., Cin., Chic. & St. L. Ry. Co. consol. mtge. 4^s, coup.

120 00
5,000 00
52,640 00

27,315 00
154,395 00
5,88000
1,250 00

100
. 762

607
3,431
82
25
5
1
2

1,000
1,000

1,000
1,000
1,000
1,000
1,000
500
100
Scrip, 97.50
84,000
1,000
500
1,000
1,000
1,000
1,000

100,000 00
762,000 00

607,000 00
3,431,000 00
82,00000
25,000 00

5.797 50
J
84,000 00
504,000 00

600,00000
•* 372,000 00
281,000 00
1,348,000 00

Pitts., Va. & Cha'ston Ry.Co. Istmtge. 4^8, coup. g. ser."A"
Pitts Whg. & Ky. RR. Co. 1st mtge. 7s, reg

Pitts., Y'ngst'n & Ash. RR. Co. 1st con. mtge. 5s, coup
Pottstown Iron Co., consol. mtge. 5s, reg -j

River Front RR. Co. 4s, certif. of indebtedness

3,36000
35,280 00

42.000 00
6,75500
17,535 00
60,540 00
338
2,55000

1
I 414

1 180
600
372
281
1,348

Shamokin Vy. & Pottsv'e RR. Co. 1st mtge. 7s, gold coup.
South West Penn. Ry. Co. 1 st mtge. 7s, reg

St. L., V. & T. H. RR. Co. 2d mtge. 7s, gnar. coup

St. L., Vandalia & T. H. RR. Co. 2d mtge. 7s, unguar. coup.
St L V & T. H. RR. Co. 1st mtge. 7s

Steubenv & Ind RR Co 1st mtge 5s, reg ....

Summit Branch RR Co. 1st mtge. 7s, coup .... ....

483
488
6

1,000
1,000
100

483,000 00
488,000 00
60000

Sunbury, Hazleton & Wilkesb'e Ry. Co. 2d mtge. 6s, reg. .
Sunbury, Hazleton & Wilkesb'e Ry. Co. 2d mtge. 6s, coup.
Sunbury & Erie RR 1st mt^e 7s

29,280 00
36 00
3,710 00

Supquehanna and ClearfieldRR. Co. 1st mtge. 5s, reg
Tyrone and Clearfield Ry Co 1ft mtge. 5s, reg

285
1,000

1,000
1,000

285,000 00
1,000,000 00

50,000 OQ

40

626

POOR'S MANUAL OF RAILROADS — RAILROAD ''SYSTEMS."

NAME OF SECURITY.

Number
of
Bonds.

Each.

Total Par.

Income
for 1897.

United New Jersey RR. & Canal Co. gen. mtge. 6s, conp.
g dated March I 1873

72

$

1,000

S

72,000 00

*

4,320 00

United New Jersey RR. & Canal Co. gen. mtge. 6s, conp.
g dated March 1 , 1&~5

88

1,000

88,000 00

5,280 00

United New Jersey RR. & Canal Co. gen. mtge. 6s, coup,
g dated Sept 1,1876...

15

1,000

15,000 00

900 00

United New Jersey RR. & Canal Co. gen. mtge. Gs, reg. g.,
dated Sept 2 1878 .

116

1,000

116,000 00

6,960 00

Washington, Alex. & Mt. Vernon Ry. Co. 5s, mtge. g. coup.
Washington Southern Ry. Co. 1st mtge. 5s, g. reg. coup. . .

260
1,000

1,000
1,000

260,00000
1,000,000 00

8,443 75

Western Penn. Exposition Society 1st mtge. 6s, coup. reg.
York Hanover & Frederick RR. Co. mtge. 4s, g. conp. reg.

( 18
1 27
5
150

1,000
500
100
1,000

I 27,000 00
150,000 00

1,620 00

Total...

42,504,246 14

1,794,297 09

SUMMARY.

Par Value of Stocks $132,598,790 60

Par Value of Bonds 42,504,246 14

$175,103,036 74
Cost, as per Balance Sheet 119,659,343 61

Total Interest Received $1,794,297 09

Total Dividends Received 2,821,918 75

Aggregate $4,616,215 84

Statement of bonds and stocks owned by Pennsylvania RR. Co., for nine years:

1889

1890

1891

1892

1893

1894

1895

1896

1897

Bonds, par. .
Stocks, par..

Total . . .
Cost of same
Income

S

50,505,000
95,869,537

8

52,506,600
98,486,728

$
53,591, 183
100,728,057

$

40.636,575
125,418,979

S

42,291,311
130,502,079

42,660,182
127,727,068

*

42,148,649
127,357,655

$

41,000,296
132,598,134

42,504,246
132,598,791

146,374,537
109,834,915
4,421,498

150,993,328
113,183,734
4,439,404

154,319,240
114,599,782
4,852,181

166,055,554
114,648,704
4,921,829

172.793,390
118,686,409
4,955,037

170,387,250
119,005,656
4,619,394

169,506,304
118.0a5,906
4,353,987

173,598.430
119,947,895
4,615,433

175,103.f3"
119,659.344
4,616,216

Statement of the Penntylvania BB. Voluntary Belief Department for the Tear Ending

Dee. 31, 1897 :

P. RR.

P., W. & B.
RR.

N. C. Ry.

W. J. & 8.
RR.

Total.

Members

35 224

4 513

2 933

1,005

43,675

Receipts :
Cash Balance Dec. 81, 1896

f

304,23410

$
93,724 07

S

19,997 92

$
19,01200

436,96809

Contributions by Members

612,090 62

70,577 69

43,32814

13,055 76

739,052 21

Contributions by Companies, Ac'tof
Members Disabled over 52 Weeks.
Interest

41,114 10
12 93533

1,36960
4 222 12

3,04230
936 69

41390
80461

45,939 CO
18 898 75

Deficiencies Paid by Companies

1.27837

1,27837

Operating Expenses Paid by Cos

89,587 91

11,43825

6,463 40

2,13033

109,619 89

Total

1,061 240 43

181 331 73

73 768 45

35,416 60

1.351,757 21

Disbursements :
Death Benefits, Accident

59,784 39

3500 00

400000

75000

68,03439

Death Benefits, Natural

204,321 42

19,750 00

11 928 50

4,25000

240,249 92

Disablement Benefits, Accident
Disablement Benefits, Sickness
"Disablement Benefits, Ac't of Mem-
bers Disabled over 52 Weeks
Operating Expenses

97,365 75
183,40656

40,847 87
89,587 91

8,33400
15,393 20

1,31683
11 43825

6,96925
11,49200

2.98390
6 463 40

1,342 00
2,63120

40830
2,13033

114,01100
212,922 96

45,55640
109,619 89

Total ....

675 313 90

59 731 78

43 837 05

11,511 83

790,39456

Balance to Credit of the Fund

385,926 53

121 599 95

29 931 40

23,904 77

561,36365

Deduct Outst'ng Benefit Orders, and
Death B'fits in Course of Adjustm't

46,40840

3,23593

2,56977

41160

52,62570

Net Balance, Dec. 81, 1897

339 518 13

118 364 02

27 361 63

23 493 17

508,78695

POOE'S MANUAL — PENNSYLVANIA ER. CO. 627

Statement of the Insurance Fund for the Year Ending Dee. 31, 1897.

Balance, Dec. 31, 1896 $42,260 45

Amount Paid for Fire, Marine,

and Other Insurance $42,056 27

Amount Reimbursed Operating

Department 343,392 99— - 385,449 26

Sundry Expenses 8,986 04

Purchase of Securities 160,000 00

Cash Balance Dec. 31, 1897 4,491 84

Total Assets $601,187 59

Amount Received from Securities Matured
or Sold $83,000 00

Contributions to Fund, Charged
to Operating Expenses $339,43454

Interest from Securities 178,753 05— 518,187 59

Total Liabilities........................ .$601,187 59

Assets of Insurance Fund Dec. 31, 1897 :

$55,000 of 5 p. c. bonds Ebensburg and Black Lick RR. Co.
350,000 of 4 p. c. bonds Columbia and Port Deposit Ry. Co.
400,000 of 7 p. c. bonds Pittsburgh, Cincinnati and St. Louis Ry. Co.
105,000 of 5 p. c. bonds Northern Central Ry. Co.

25,000 of 5 p. c. certificates of the Pennsylvania Car Trust Stock.
418,000 of 4 p. c. certificates of the Pennsylvania Rolling Stock Trust.
270,000 of 4 p. c. certificates of the Pennsylvania Equipment Trust Stock.
150,000 of 4i p. c. bonds Pittsburgh, Cincinnati, Chicago and St. Louis By.
179,000 of 6 p. c. bonds Freehold and Jamesburg Agricultural RR. Co.
100,000 of 5 p. c. bonds Sunbury, Hazleton and Wilkesbarre Ry. Co.
491,000 of 5 p. c. bonds Ridgway and Clearfield RR. Co.
450,000 of 4 p. c. bonds Philadelphia and Erie RR. Co.
250,000 of 5 p. c. bonds Pittsburgh, Youngstown and Ashtabula RR. Co.
100,000 of 5 p. c. bonds Cambria and Clearfleld RR. Co.
200,000 of 4 p. c. bonds Philadelphia, Wilmington and Baltimore RR. Co.
275,000 of 4i p. c. bonds Philadelphia and Baltimore Central RR. Co.

60,000 of 4 p. c. bonds Allegheny Valley Ry. Co.

R

$3,878,000 valued in the accounts of Insurance Fund, Dec. 31, 1897, at $3,881,871 72

Cash balance Dec. 31, 1897 4,491 84

Value of the Insurance Fund Dec. 31, 1897 $3,886,363 56

Value of the Insurance Fund Dec. 31, 1896 3,762,611 27

Increase, 1897 $123,752 29

GENERAL REMARKS.

It will be noted that there was no increase in the funded debt of the company, and that the obligations
issued by the Pennsylvania Co. were at the lowest prevailing rate of interest, and for the purpose of redeeming
7 p. c. securities about to mature on lines forming a part of the system of that company.

The report of the Managers of the Trust created Oct. 9, 1878, shows that there has been paid by the
company to Dec. 31, 1897, the sum of $4,655,456.50, that the total income therefrom has been $6,525,146.98, and
that on that date securities amounting at par to $8,720,410 were held in the Trust. There was appropriated
to the Trust for the year 1897 the sum of $94,410.47, and the interest received on securities held in the Trust
during the year averaged 5J p. c. on their cost.

This Trust having been in operation for nearly twenty years, it has now become quite difficult to pur-
chase the securities prescribed by its terms, its operation being confined to bonds or stocks, of which the
principal, or the interest or the dividend thereon had been guaranteed by the company prior to its creation.
It is deemed wise, therefore, that its scope shall be enlarged so as to include guarantees made since 1878. and
its continued efficiency thus assured. A resolution to that effect will be brought before the stockholders at
the next annual meeting, the notice required by the terms of the Trust making it necessary to defer action
until that time.

The statement of the Insurance Fund shows assets on hand at the end of the year of $3,886,363.56, being
an increase, as compared with 1896, of $123,752.29.

The membership of the Employees' Relief Fund of the lines east of Pittsburgh and Erie continues to
increase and aggregated 43,675 at the close of the year, being the largest since its establishment, and an
increase of over 2,800 members as compared with the previous year. The statement of the operations of the
Fund shows that during the year the members contributed $739,052.21, while the company and its affiliated
lines, in addition to the payment of $109,619.89 for operating expenses, contributed $"45,939.90 for extra benefits
to members whose disability had continued for over fifty-two weeks, and who were, therefore, no longer
entitled to regular benefits from the Fund. The total receipts of the Fund, including interest and other small
items, were $914,789.12, which with the balance, $436,968.09, on hand at the beginning of the year, made an
aggregate of $1,351,757.21, out of which $308,284.31 were distributed as death benefits (being an average in
each case of about $597), and $326,933.96, in cases of disability arising from sickness and accident. After
meeting its obligations for the year, and providing for unadjusted death claims, a balance of $508,736.95
remained to the credit of the Fund, as the result of its operations for the last three years, out of which must
be paid unadjusted claims for benefits growing out of sickness or accident occurring during that period. There
will be a surplus of $246,937.90 after providing for such liabilities, making the aggregate surplus for the life
of the Fund $616,523.18.

The statement of the Employees' Saving Fund shows that the number of employees who availed them-
selves of its benefits also continued to increase, there being 5,267 at the end of the year, an increase of 323
over the preceding year. The amount received from depositors during 1897 was $479,424, and the balance in
the Fund, at the close of the year, was $1,953,114.72. Of this amount, $1,800,000 have been invested in
securities, bearing interest at an average rate of 4 p. c.

There were no charges to capital account during the year except for equipment. This expenditure
amounted to $821,737.50, and represented the usual outlay for Trust cars.

It will be remembered (as stated in the report for 1896), that the heavy reduction in traffic and revenue
consequent upon the depression theretofore existing in the commercial and manufacturing interests of the
country, had compelled the discontinuance of the greater portion of the work which was in progress in
revising the alignment and grades of the main line. As a consequence thereof, the large expenditure already
made remained unproductive, and the work was not resumed until the latter part of 1897, when more favor-
able conditions justified its continuance. It has since been regularly prosecuted at Einzer on the Philadelphia

628

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.

Division, and between Lilly and Portage and from Conemaugh Furnace to Nineveh on the Pittsburgh Division,
while it has been finished at Bheems on the former division, and, except the laying of the track, at Badebaugh
on the latter division.

In consequence of the late period in the year at which the work was resumed, a large portion thereof
still remains to be done, and, as further noted, a special appropriation has been made for its speedy com-
pletion.

In order to facilitate the movement of trains over the Allegheny Mountain provision is also now being
made for four tracks from Altoona to Kittanning Point, and for a complete three-track system from Kittan-
ning Point to the east end of the Gallitzin Tunnel. The widening of the new Portage Tunnel and the double
tracking of the Portage Road from the tunnel to Cresson have also been placed under contract.

In order to secure the best results from outlays of this character, it is necessary that the work should,
when once begun, be pushed to completion, and to that end it has been decided to create an Extraordinary
Expenditure Fund, in which shall be set apart from time to time such sum as can properly be spared for such
purposes from the current income, without encroaching upon the dividend fund.

A portion of this fund will also be applicable to meet the large expenditure necessitated within the next
two years by the provisions of the Interstate Commerce legislation, compelling the equipment of freight cars
with air brakes and automatic couplers, and to other improvements to the equipment.

The bridge over the Susquehanna River at Columbia, about a mile in length, which was destroyed by a
wind storm late in 1896, was fully restored and opened for traffic on July 8, 1897. The piers that had been
damaged were rebuilt and a new steel superstructure replaced the old wooden spans. The erection of the new
spans was a creditable piece of work, several of them having been placed in position in ten working hours,
while the whole structure was erected in twenty-one days.

Various improvements were made during the year upon the United RRs. of New Jersey Division. A
change of line was made in New Brunswick and four tracks laid through the city, and further progress was
made toward completing the automatic signals between Monmouth Junction and Trenton, and between
Morrisville and Holmesburg Junction.

The new ferry between Jersey City and Twenty-third Street, New York, was put in operation May 16,
1897. The public convenience has been largely promoted by the establishment of this new route, and the
passenger traffic increased thereby. A cab service similar to that in operation at Broad Street Station, Phila-
delphia, was also established in connection with this ferry, and provision made therefor through the purchase
of property and the erection of the necessary buildings thereon.

The amount expended in construction on branch and auxiliary lines was $188,800.65, on account of which
there was received from those companies the sum of $144,947.05 in cash. This expenditure was mainly in the
completion of the all-rail connection via the Delaware River Bridge, near Frankford, between the lines in
Pennsylvania and the seashore lines, and in the construction of a branch and sidings on the South Fork RR.

On Jan. 7 a consolidation was made of the Hanover and York RR. Co. and Frederick and Northern RR.
Co. under the name of the York, Hanover and Frederick RR. Co., thus placing the entire line between York
and Frederick under one organization.

The property heretofore known as the Brooklyn Annex, and comprising the ferry-boats operating between
the Jersey City piers and Brooklyn and other points in the harbor of New York, has been purchased by this
company with the view of improving the facilities for the passenger traffic to and from those important
centers.

In connection with the widening of Delaware Avenue and the general improvement of the harbor front on
the Delaware River by the City of Philadelphia, the work of reconstructing the .ferry facilities at Market
Street Wharf is being rapidly prosecuted. It was expected that by May 1, 1898, the southern half of this work
would be completed, and the convenience of the public be thereby materially promoted. With the view of
further increasing the facilities for seashore travel the double-tracking of the line of the old Camden and
Atlantic road was being completed, with rail weighing 100 Ibs. to the yard; when this is accomplished the line
will be in excellent condition to meet the requirements of the passenger traffic which reaches the West Jersey
and Seashore RR. by the ferries, as well as by the all-rail connection via the Delaware River Bridge.

When the $3,000,000 of 4 p. c. Equipment Trust Gold Bonds were issued by this company in 1889 it was
provided that, should it be found impracticable to retire the same through the sinking fund pledged for their
redemption, such fund should be applied to the purchase of additional equipment to be also held under the
terms of the Trust. As the bonds had 25 years to run, the object of this provision was to guard against the
depreciation naturally occurring during that period and ensure to the holder of the securities the continued
possession by the Trustee of cars fully equal in value to the obligations outstanding against them. The
original equipment, and the additions thereto amounting to 1,078 cars, having heretofore been carried at cost
on the books, it has been deemed wise to reduce their value to that of the original equipment, and the excess
has therefore been charged against the Profit and Loss Account.

There has also been charged against the general profit and lose account the cost of the stock lield by the
company in the Summit Branch Coal Co., this property (as stated on p. 616), having been sold under fore-
closure proceedings by the mortgage bondholders. The condition of this property and the increased expense
resulting from the depth of its workings, have made its future very problematical, and it was deemed wise
to reduce the valuation of its securities in the accounts accordingly.

RAILROADS LEASED OR OPERATED BY THE PENNSYLVANIA RR. Co.

Bald Easrle Valley RR.— Vail Station to
Lock Haven, Pa., 51.2 m.; Snow-Shoe Intersection to
Per Se, 22.22 m. ; Milesburg to Bellefonte, 2.99 m.;
June, with L. & T. RR. to Bellefonte, 9.45 m.; Sugar
Camp June, to Sugar Camp Mines, 2.52 m.; Grauer
Branch June, to Terminus, 2.05 m.— total, 90.43 m.;
total track (steel, 106.33 m.). 112.39 miles. Rail, 70
Ibs* Chartered March 25, 1861; road opened Dec. 7,
1864. Leased for 99 years to Penn. RR. Co. (See
Manual for 1893.) Rental, year ending Dee. 31, 1897,
$179,143; otter receipts, $6,284— total, $185,427." Ex-
penses and taxes, $16,554. Net income, $168,873.
Payments: Interest on bonds, $20,280; sinking fund,
etc., $4,000; dividends (Feb. and Aug., 5 p. c. each),
$140,625— total, $164,905. Surplus, $3,968. Capital
stock, $1,535,000; funded debt, 1st mtge. 6 p. c. 30-
yr. bonds, due July 1, 1910, $332,000; sinking fund,
$68,000; accrued Interest, $9,960; profit and loss,
$485,099— total, $2.430,059. Contra: Cost of road and
equipment, $1,896.376; stock and other Investments,
$128,750; all other assets, $404,933— total, $2,430,059.
Interest Jan. and July, at Fidelity Trust Co., Phila-
delphia, Pa. John P. Green, Pres.; Samuel Rea,

Viee-Pres. ; Albert Hewson, Sec.; Taber Ashton,
Treas. Corporate Office, Broad Street Station, Phila-
delphia, Pa.

Barnegpat RR.— For particulars relating to this
railroad see page 76. The road is leased to the
Manahawkin and Long Beach Transportation Co., but
is operated by the Pennsylvania RR. Co. as a branch
of the Amboy Dlv. of the United RRs. of New Jersey.

Bedford and Bridgeport Ry.— Mount Dal-
las, Pa., to Maryland State Line, 38.70 m. ; Dunning
Creek Branch to Holderbaum, Pa., 10.47 m.— total,
49.17 m.; total track (steel, 47.88 m.), 58.79 miles.
Rail, 60, 67 and 70 Ibs. Reorganization, May 5.
1891, of the B. & B. RR. Co., whose road was sold
under foreclosure March 26, 1891. Operated by the
Penn. RR. Co. under contract dated May 1, 1891.
Rental, year ending Dec. 31, 1897, $64,140. Ex-
penses and taxes, $7.868. Net income, $56,272. Paid
interest on bonds, $85,000; dividends (5 p. c.), $30,-
000— total, $115,000. Deficit, paid out of surplus,
$58,728. Capital stock, $600,000; funded debt, 5 p. c.
10-yr. debenture certificate, due May 1, 1906, interest

POOR'S MANUAL— PENNSYLVANIA RR. SYSTEM.

629

May and Nov., $1,700,000; accrued interest, $14,167—
total, $2,314,167. Contra: Cost of road, $2,305,112;
other assets, $7,416; profit and loss, $1,688— total,
$2,314,167. R. D. Barclay, Pres.; Albert Hewson,
Sec. ; Taber Ashtou, Treas. Corporate Office, Broad
Street Station, Philadelphia, Pa.

Melvidere Delaware RR. — Trenton to Mun-
unka Chunk, N. J., 67.49 m.; June. Martin's Creek
Branch, Bangor and Portland RR., to a point near1
Martin's Creek Station, N. J., 0.29 m.; Lambertville
to Flemington, N. J., 11.55 m.; Coalport to East
Trenton, N. J., 1.50 m.— total, 80.83 m.; 2d track,
0.81 m.; sidings, 74.07 m.; total track (steel), 155.71
miles. Chartered March 2, 1836; road completed Nov.
5, 1855. Leased to U. N. J. RR. & Canal Co., and
lease assigned to Penn. RR. Co., March 7, 1876.
On Feb. 26, 1896, the Martin's Creek Ry. of Penn.,
the Martin's Creek- Ry. of New Jersey and the Enter-
prize RR. were merged into this road. For particu-
lars relating to the merged railroads see Manual fot
1896, pp. 729 and 730. Net earnings, year ending
Dec. 31, 1897. $268.185. Expenses and taxes, $42,721.
Net income, $225,464. Payments: Interest on bonds,
$131,000; sinking fund, $18,000— total, $149,000. Sur-
plus, $76,464. Dividends paid during 1897, 5 p. c.,
$62.650. Financial Statement, Dec. 31, 1897.— Capital
stock, $1,253,000; funded debt, 1st mtge. coup. 6s, ex-
tended 25 years, due June 1, 1902, $1,000,000; consol.
mtge. 4 p. c. 40-yr. reg. bonds, due Sept. 1, 1925,
$500,000; consol. mtge. 4 p. c. 40-yr. reg. bonds, due
Feb. 1, 1927, $749,000; consol. mtge. 4 p. c. 40-yr. reg.
bonds, due Jan. 1, 1933, $526,000; interest, etc., $35,-
600; sinking fund, $92,000; profit and loss, $187,499—
total, $4,343,099. Contra: Cost of road, etc., $4,135,-
609; cash and current assets, $207,490— total, $4,343,-
099. Interest payable at the general office of the
Penn. RR. Co. .Philadelphia, Pa.— on 1st mtge. bonds,
June and Dec.; on consol. 4a of 1925, March and
Sept. ; on consol. 4s of 1927, Feb. and Aug. ; on
consol. 4s of 1933, Jan. and July. W. Hasell Wilson,
Pres.; F. W. Schwarz, Sec.; John M. Wood, Treas.,
Philadelphia, Pa. General Office, Broad Street Sta-
tion, Philadelphia, Pa.

Bustleton RR.— Holmesburg June, to Bustle-
ton, Pa., 4.16 m.; total track (steel), 5.66 miles.
Organized Dec. 27, 1890, as successor to the Frank-
ford and Holmesburg RR. Co. Operated at cost by
the Penn. RR. Co. since Jan. 1, 1891. Deficit in
operation, year ending Dec. 31, 1897, $8,204; add
expenses and taxes, $665— total deficit, $8,869. Capi-
tal stock, $100,000; unfunded dfcbt, $55,242— total,
$155,242. Contra: Cost of road, etc., $100,000; profit
and loss, $55,242— total, $155,242. Samuel Rea,
Pres.; John M. Harding, Sec.; J. S. Vanzandt,
Treas., Philadelphia. Pa. Corporate Office, Broad
Street Station, Philadelphia, Pa.

Cambria, and Clearfleld RR.— Cresson June,
to Glen Campbell June., Pa., 48.35 m.; branches (as
per statement on page 607), 49.33 m.— total, 97.68 m. ;
total track (steel, 124.12 m.), 125.03 miles. Rail, 60
and 70 Ibs. Chartered Jan. 13, 1887; road opened Sept.
24, 1888. Operated under agreement from date of
opening, by the Penn. RR. Co. (See Manual for
1893.) Rental, year ending Dec. 31, 1897, $87,384.
Expenses, etc., $14,964. Net income, $72,420. Paid
interest on bonds, $63,950. Surplus, $8,470. Capital
stock, $1,300,550; funded debt (1st mtge. 5 p. c.
coup. reg. 50-yr. bonds, due Jan. 1. 1941, interest
Jan. and July; auth., $2,000,000), $1.279,000; accrued
interest, $32,100; profit and loss, $63,338— total, $2,-
674,988. Contra: Cost of road, etc., $2,579,284;
other assets, $95,704— total, $2.674,988. Interest pay-
able at the Treasurer's office, Philadelphia, Pa.
Samuel Rea, Pres.; Albert Hewson, Sec.; Taber
Ashton. Treas. Corporate Office, Broad Street Sta-
tion, Philadelphia, Pa.

Camdcn and Burlington County RR.-
Camden to Pemberton, N. J.. 22.46 m.; Burlington to
Mount Holly, 7.15 m.— total, 29.61 m.; total track
(steel, 26.99 m.). 42.39 miles. Rail, 70 Ibs. Char-
tered March 15, 1859. Leased to Camden and Amboy
RR. Co.. June 1, 1868; subleased to Penn. RR. Co.;
rental, bond interest, $14,000; dividends (paid Jan.
and July, each 3 p. c.), $22,915; and for organization,
$500— total, $37,415. The Mt. Holly Branch was
transformed into an electric road and reopened July
23, 1895. Capital stock, $381.925; funded debt, 1st
mtge. 4 p. c. 30-yr. $1,000 gold bonds, due Feb. 1,
1927, interest Feb. and Aug., $350,000; unfunded
debt, $17,260; interest and dividends, $12,595— total,
$761,781. Contra: Cost of road, etc., $749,186; cash,
$12.595— total, $761.781. Principal and interest of
bonds are guaranteed by the Penn. RR. Co. Trustee
of bonds: Girard Life Insurance, Annuity and Trust
Co. This company has paid regular semi-annual
dividends of 3 p. c. each since 1871. Interest payable

at office of Penn. RR. Co., Philadelphia, Pa. W. J.
Sewell, Pres.; Richard Ashhurst, Sec.; John M
Wood, Treas. General Office, Broad Street Station,
Philadelphia, Pa.

Columbia and Port Deposit Ry.— Colum-
bia, Pa., to Perryville, Md., 43.21 m.; total track
(steel, 45.84 m.), 55.34 miles. Rail, 56 to 70 Ibs. Or-
ganized, July 17, 1890, as successor to the C. & P.
D> RR. Co., whose road was sold under foreclosure
March 4, 1890. (See Manual for 1892.) The company
purchased the Port Deposit Branch of the P., W. &
B. RR. on May 12, 1893. Operated by the Penn. RR.
Co., under an agreement made' July 1, 1890, and
terminable on 30 days' notice. Rental, net earnings
—for year ending Dec. 31, 1897, $162,235; expenses
and taxes, $8,191; net income, $154.044. Paid inter-
est (on bonds, $72,000; on mtges. and ground rents
$560), $72,560; dividends (5 p. c.), $50,000— total,
$122,560. Surplus, $31,484. Capital stock (par,
$50), $1,000,000; funded debt, 1st mtge. 4 p. c. 5()-yr.
bonds, due Aug. 1, 1940, interest Feb. and Aug.,
$1,800,000; interest accrued on bonds, $30,000; in-
come balance, $81,932— total, $2,911,932. Contra:
Cost of road, $2,811,180; other assets, $100,752—
total, $2,911,932. Interest payable at company's
office. Charles E. Pugh, Pres.; James R. McClure,
Sec.; J. S. Vanzandt, Treas. Corporate Office, Broad
Street Station, Philadelphia, Pa.

Columbus, Kinkora and Springfield
RR.— Kinkora to New Lisbon, N. J., 14.16 m.; total
track (steel, 10 m.), 15.23 miles. Rail, 70 Ibs.
Operated only from Kinkora to Lewistown, 10 miles.
Chartered— April 2, 1866, Sept. 1, 1869 and Feb. 16,
1870. Road opened in April, 1872. Leased tothePenn.
RR. Co., July 1, 1889. Lease expires on either party
giving 6 months' notice. Operated in connection with
Amboy Division. Rental, net earnings, in 1897 $21,-
422. Expenses and taxes, $26,141. Deficit, $4,719.
No interest paid during the past year. Capital stock,
$66,050; 1st mtge. 7 p. c. bonds, due 1901, $125,000;
2d mtge. 7 p. c. bonds, due 1903, $4,800; floating
debt, $188,619 (partly provided for by pledge of $44,-
100 2d mtge. bonds); total, $384,469. Cost of road,
$194,649; other investments, $1,965; other assets,
$187,855— total, $384,469. Interest payable March
and Sept., at Guarantee Trust Co., Philadelphia, Pa.
John Bishop, Pres. ; Peter E. Harvey, Sec. & Treas.
Corporate Office, Columbus, N. J.

Connecting: Ry.— Mantua June, to Frankford
June., Pa., 6.75 m. ; total track (steel, 49.17 m.),
50.40 miles. Rail, 56 to 100 Ibs. Chartered April
4, 1863; road opened Jan. 1, 1868. Leased to the
Phila. & Trenton RR. Co. Operated by Penn. RR.
Co. Rental, 6 p. c. on cost. Rental, year ending
Dec. 31, 1897, $153,930; expenses and taxes, $17,772;
net income, $136,158. Paid interest, $59,460; divi-
dends, 3 p. c. each, June and Dec., $76,698— total,
$136,158. Capital stock ($50 shares), $1,278.300;
funded debt, $991,000; floating debt, $1,360,790—
total, $3,630,090. Contra: Cost of road, etc., $3,629,-
850; other assets, $240— total, $3,630,090. Funded
debt consists of 1st mtge. 6 p. c. bonds, issued in
five series— A, B, C, D, and E, maturing yearly Sept.
16, 1900 to 1904. Interest payable at office of the
Treasurer. John P. Green, Pres. ; Albert Hewson,
Sec. ; Taber Ashton, Treas. Corporate Office, Broad
Street Station, Philadelphia, Pa.

Cresson and Irvoim RR. — Cresson to Irvona,
Pa., 26.67 m. ; branches to mines, 2.87 m. — total,
29.54 m.; total track (steel; 60 Ibs.), 34.57 miles.
Chartered as the Cresson and Clearfield County and
New York Short Route RR. Dec. 19, 1882; completed
in 1890. (See Manual for 1893.) Operated by the Pa.
RR. Co.; rental, net earnings. In 1894 foreclosed,
and reorganized under above name. Rental, year
ending Dec. 31, 1897, $15.782. Paid interest, $20,000;
expenses and taxes, $1,940— total, $21,940. Balance,
deficit, $6,158. Capital stock (par, $50), $500,000;
funded debt, 1st mtge. 4 p. c. 30-yr. $1,000 coup,
bonds, due July 1, 1924, interest Jan. and July, $500.-
000; interest accrued, etc.. $60.000— total, $1,060.000.
Contra: Cost of road, $1,000,000; other assets, $23,-
365; profit and loss, $36,635— total, $1,060,000. Inter-
est payable at the company's office. Samuel Rea,
Pres.; Albert newson, Sec.; Taber Ashton, Treas.
General Office, Broad Street Station, Philadelphia,
Pa.

Delaware River RR. and Bridge.— Frank-
ford June., Pa., to Haddonfleld, N. J., 8.21 m. ;
branches, 2.06 m.— total, 10.27 m.; 2d track, 8.34 m.;
total track, 19.54 miles. Rails, all steel. Chartered
March 17, 1896; road opened April 19, 1896. This
Is a consolidation, Jan. 17, 1896, of the Penn. & New
Jersey RR. Co. of Penn. and the Penn. & New Jersey
RR. Co. of New Jersey. Operated by the Pennsyl-
vania RR. Co.; rental, year ending Dec. 31, 1897,

630

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

$137 262. Expenses and taxes, $59,458. Net income,
$77 804 Charges: Interest on bonds, $52,000. Sur-
plus $25,804. Capital stock ($50 shares), $1,300,000;
funded debt (1st mtge. 4 p. c. 40-yr. $1,000 gold
coup, bonds, due Aug. 1, 1936, interest Feb. and
Aug., at the treasurer's office, Philadelphia, Pa.),
$1 300 000; unpaid coupons accrued, etc., $23,667;
profit and loss, $41,831— total, $2,665,498. Contraj
Cost of road, $2,600,000; all other assets, $65,498—
total, $2,665,498. The bonds are guaranteed principal
and interest, by the Pennsylvania RR. Co. They may
be registered as to principal only at the office of the
company; where also transfers may be made. Trustee
of mtge.: Girard Life Insurance, Annuity and Trust
Co. of Philadelphia. Samuel Rea, Pres.; Taber
Ashton, Treas.; John M. Harding, Sec., Philadelphia,
Pa. Corporate Office, Broad Street Station, Philadel-
phia, Pa.

Doivning'ton and Lancaster RR.— Down-
ington to Conestoga June., 37.58 m.; total track
(steel, 34.76 m.), 41.01 miles. Reorganization after
foreclosure, June 7, 1888, of the East Brandywine
and Waynesburg RR. Co. (See Manual for 1893.)
Operated by the Penn. RR. Co. under authority of
resolutions adopted by Board of Directors, dated
from Aug. 1, 1888, and terminable on 30 days' notice;
rental, net earnings. Deficit, year ending Dec.
31, 1897, $5,487; expenses and taxes, $3,683; in-
terest on bonds, $12,000— total deficit for year, $21,-
170. Capital stock, $405,650; 1st mtge. coup. 4 p. c.
40-yr. bonds, due April 1, 1930, interest April and
Oct., $300,000; unfunded debt, $262.443— total, $968.-
093. Contra: Cost of road, etc., $714,628; profit and
loss, $253,465— total, $968,093. Interest payable at
office of Penn. RR. Co., Philadelphia, Pa. Samuel
Rea, Pres.; F. W. Schwarz, See.; J. S. Vanzandt,
Treas Philadelphia, Pa. Corporate Office (office
Penn. RR. Co.), Philadelphia, Pa.

Ebensburgr and Black: Lick RR.— Ebens-
burg to Vintondale, Pa., 12.8 m.; branches, 1.95 m.—
total, 14.75 m.; total track, 17.04 miles. Gauge,
4 ft 8} in. Rail (steel, 17.04 m.), 70 Ibs. Chartered
Jan. 18, 1893; road opened Oct. 22, 1894. Operated
by the Penn. RR. Co.; rental, net earnings year
ending Dec. 31, 1897. $4.182. Expenses and taxes,
$451. Net income, $3,731. Paid interest on bonds,
$5,000. Deficit for year. $1,269. Capital stock, $350,-
000; funded debt (1st mtge. 5 p. c. 50-yr. bonds, due
June 1, 1943, interest June and Dec.; auth., $2.000,-
000), $100,000; unpaid coupons accrued. $417— total,
$450,417. Contra: Cost of road. $348,391; other
assets, $89,678; profit and loss, $12,348— total, $450,-
417. Interest payable at Broad Street Station, Phila-
delphia, Pa. Samuel Rea, Pres.; Albert Hewson,
Sec.; Taber Ashton, Treas.: Philadelphia, Pa. Cor-
porate Office, Broad Street Station, Philadelphia, Pa.
Eng-elNide RR.— Junction with Connecting Ky.
near 32d St. and Jefferson St. eastward to a point
about 160 feet north of Thompson St., Phila.. Pa.,
0.17 m.; total track, 0.64 mile. Rail, — Ibs. Gauge,
4 ft. 9 in. Organized Sept. 22, 1892. Operated by
the Pennsylvania RR. Co. as a branch of the New
York Div. of the United RRs. of New Jersey. Finan-
cial Statement, June 30, 1897.— Capital stock (auth.,
$50,000; shares, $50), $30,000. Contra: Cost of
road, $12,306; cash and current assets, $17.392; profit
and loss, $302— total, $30,000. Samuel Rea, Pres.;
E. H. Pyle, Sec. & Treas., Philadelphia, Pa. General
Office, Broad Street Station, Philadelphia, Pa.

Fair Hill RR.— June, with Connecting Ry.
2,914 ft. oast of North Penn. June., Philadelphia,
to Terminus, 0.78 m.; total track (steel), 1.44 miles.
Chartered June 13, 1892; road opened Feb. 1, 1896.
Leased to the Pennsylvania RR. Co., for 20 years
from Feb. 1, 1896, at a rental equal to interest on
debentures, 4 p. c. dividends on capital stock, and
taxes. Financial Statement, Dec. 31, 1897.— Capital
stock, $150,000; funded debt, 4 p. c. debenture cer-
tificate, dated Feb. 1, 1896, interest Feb. and Aug.,
$183,000; unfunded debt, $3.591— total, $336,591.
Contra: Cost of road, $334,891; cash assets, $293;
profit and loss, $1,407— total, $336,591. The Penn-
sylvania RR. Co. owns all of this company's securi-
ties. Samuel Rea. Pres.; F. W. Schwarz, Sec. &
Treas., Philadelphia, Pa. Corporate Office, Philadel-
phia, Pa.

Freehold and .Tami-NhiirK Agricultural
RR.— Jamesburjr to Sea Girt, N. J., 27.54 m. ; total
track (steel, 30.83 m.), 35.40 miles. Rail, 57 to 70
Ibs. Chartered June 29, 1852; road opened July 18,
1853. Consolidated April 23. 1879, with the Farming-
dale and Squan Village RR., 8.60 m., and tho
Squanknm and Freehold RR. Leased to Penn. RR.
Co., July 16. 1879; rental, net earnings— In 1897, $41,-
016. Paid Interest on bonds, $26,416; other charges,

$13,058— total, $39,474. Surplus, $1,542. Capital
stock, $294,700; scrip, $900; funded debt, consol. <• p.
c. 30-yr. registered bonds, due July 1, 1909, $31'J. .00;
4 p. c. ditto, $175,000; certificates of indebtedness
convertible into bonds, consol. 6 p. c. loan, $4,000;
interest and dividends, $15,242; sinking fund, $62,305:
profit and loss, $22,811— total, $894,557. Cost of road
and equipment, $807,753; sinking fund, $62,305; cash,
$24,499— total, $894,557. Interest payable Jan. and
July, at the company's office. (For statement of
dividends paid in former years, see Manual for 1893.)
Wm. J. Sewell, Pres.; J. R. McClure, Sec.; John M.
Wood, Treas. General Office, Broad Street Station,
Philadelphia, Pa.

llarri.slturu'. Portsmouth, Mount Joy
and Lancaster RR.— Dillerville June, to Harris-
burg, 34.84 m.; Branch Intersection to 2,920 feet wes:
of Columbia Station, Pa., 18.15 m.— total, 52.£9
m. ; 2d track, 50.38 m.; 3d track, 10 m.; 4th
track, 10 m.; total track (steel, 150.12 m.), 150.25
miles. Rail, 85 Ibs. Chartered June 9, 1832; road
opened in 1838. Leased for 999 years from Jan. 1,
1861, the lessees to pay expenses, interest, and 7
p. c. on stock. Rental, year ending Dec. 31, 1897,
$125,474; other receipts, $4,255— total, $129,729. Ex-
penses, $14,469. Net income, $115,260. Payments:
Interest on bonds, $28,000; dividends Jan. 10 and
July 10, 3} p. c. each, $82.779— total, $110,779. Sur-
plus, $4,481. Financial Statement, Dec. 31, 1897.
Capital stock (par, $50), $1,182,550; funded debt, 1st
mtge. 4 p. c. 30-yr. bonds, due July 1, 1913, interest
Jan. and July, $700,000; unpaid interest, dividends,
etc., $57,401; profit and loss, $91,147— total, $2,031,-
098. Contra: Cost of road, etc., $1,881,210; other
investments, $92,539; other assets, $57,349— total,
$2,031,098. The 6 p. c. 1st mtge. bonds fell due
July 1, 1883, but were extended for 30 years from
that date at 4 p. c. Interest paid at the Treasurer's
office. John P. Green, Pres.; Taber Ashton, Sec. &
Treas., Philadelphia, Pa. Corporate Office, Broad
Street Station, Philadelphia, Pa.

.lull nxoii l»n iv RR. — Johnsonburg to Clcrmont,
Pa., 19.69 m.; branch, Straight Station to Terminus,
6.01 m.— total, 25.70 m.; total track (steel, 60 Ibs.),
32.53 miles. Chartered March 14, 1887; road opened
In 1887; branch in 1896. Leased July 8, 1889, to the
Pennsylvania RR. Co. for 50 years; rental, net
earnings— In 1896, $6,839. Expenses and taxes, $1,-
340; interest on bonds, $12,000; other charges, $210—
total, $13,550. Deficit, $6,711. Capital stock, $200.-
000; funded debt, l*t mtge. 6 p. c. coup, bonds, dated
Jan. 16, 1889, due March 1, 1929; interest March and
Sept., $200,000; unfunded debt, $6,000; profit and
loss, $150— total, $406,150. Contra: Cost of road,
etc., $400,954; other assets, $5,196— total, $406,150.
Interest payable by the Guarantee Trust and Safe
Deposit Co., at Philadelphia, Pa. J. Bayard Henry,
Pres.; J. S. Vanzandt, Sec. & Treas., Philadelphia,
Pa. Corporate Office (office Penn. *RR. Co.), Phila-
delphia, Pa.

Kensington and Tacony RR.— June. P. &
T. RR., at Tioga St., Kensington, to west end of
Tacony yard, 450 ft. from south line of Oxford St.
RR., east of Tacony, 5.13 m.; June. P. & T. RR. to
Frunkford St., Phila., 1.76 m.— total, 6.89 m. ; total
track (steel, 4.10 m.), 9.44 miles. Chartered March
25, 1884. Leased to the Penn. RR. Co. for 20 years,
from May 1, 1895, at a rental equal to 4 p. c. on
capital stock and all taxes. Rental, year ending Dec.
31, 1897, $15.624; taxes, $1,388— net income, $14,236.
Paid dividends (April and Oct., 2 p. c. each), $14,236.
Capital stock, $355,900; profit and loss, $8— total,
$355,908. Contra: Cost of road, $355,766; other
assets, $142— total, $355,908. Samuel Rea, Pres.; F.
W Schwarz, Sec.; J. S. Vanzandt, Treas., Phila-
delphia, Pa. Corporate Office (office Penn. RR. Co.),
Philadelphia, Pa.

Lewisburj? and Tyrone RR.— Montandon to
B., N. & L. June., near Lemont, Pa., 57.60 m. ; Ty-
rone intersection to Fairbrook, 19.90 m.; Scotia
Branch (Fairbrook to Scotia), 5.30 m.; and Juniata
Branch (Juniata June, to Juniata), 2.08 m.; Lewis-
burg Bridge, 0.24 m.— total, 85.12 m. ; total track
(steel, 78.05 m.). 95.64 miles. Rail, 45 to 70 Ibs.
Chartered as Lewisburg Centre and Spruce Creek,
Jan. 18, 1853; opened in 1872. Extension and branch
lines opened in 1881. Reorganized under existing
title, Dec. 31, 1879, and leased Jan. 1, 1880, for 99
years to the Penn. RR. Co. Operated as a branch
of Phila. and Erie RR. Rental, net earnings; in
1897, $19.354. Expenses and taxes. $4.954; interest
on debenture certificates (June 30 and Dec. 31), $14.-
709. Deficit, $309. Capital stock, $1,200.000; 5 p. c.
5-yr. debenture certificates, due Dec. 31, 1897, $294.-
175; unfunded debt, $22,545; income balance, $49.568
—total, $1,566,288, representing cost, etc. Interest

POOR'S MANUAL— PENNSYLVANIA RR. SYSTEM.

631

payable in Philadelphia, Pa. Old funded debt con-
verted Into stock. Samuel Rea, Pres. ; James R. Mc-
Clure, Sec.; J. S. Vanzandt, Treas., Philadelphia, Pa.
Corporate Office, Broad Street Station, Philadelphia,
Pa.

Millstone and New Brunswick RR.—
Millstone June, to East Millstone, N. J., 6.64 m. ;
total track (steel, 3.42 m.), 7.56 miles. Chartered Feb.
27, 1837, and revived March 4, 1853. Road opened
Dec. 20, 1854. Operated at cost by the Penn. RR.
Co. since Feb. 1, 1886, under agreement termin-
able on 30 days" notice. Net loss from operations in
1897, $5,019. Expenses and taxes, $960. "Total defi-
cit, $5,979. Capital stock, $95,750; floating debt,
$94.934— total, $190.684. Contra: Cost of road, etc.,
$113,404; profit and loss, $77,280— total, $190,684.
C. B. Thurston, Pres., Jersey City, N. J.; J. S. Van-
zandt, See. & Treas., Philadelphia, Pa. Corporate
Office (office Penn. RR. Co.), Philadelphia, Pa.

Mount Holly, Lninberton and Medford
RR.— Mount Holly to Medford, N. J., 5.95 m.; total
track (steel, 6.27 m.), 7.23 miles. Chartered April 2,
1866. Road opened Dec. 20, 1868. Leased and oper-
ated by Penn. RR. Co. since 1873. Rental, $11,189,
being interest, $5,250; dividends (April and Oct., 3
p. c. each), $5,739; organization, $200. Capital stock,
$95,650; funded debt, 1st mtge. 7 p. c. 30-yr. bonds,
due April 1, 1899, interest April and Oct., $75,000—
total, representing cost of road, $170,650. Interest
payable at Penn. RR. Co.'s office, Philadelphia, Pa.
Win. J. Scwell, Pres.; F. W. Schwarz, Sec.; John M.
Wood, Treas. General Office, Broad Street Station,
Philadelphia, Pa.

Neseopee RR.— Nescopec to Rock Glen, Pa.,
11.96 m.; total track (steel, 11.96 m..), 14.06 miles.
Chartered June 3, 1886; road opened April 25, 1887.
Operated by the Penn. RR. Co. under agreement ter-
minable on 30 days' notice; rental, net earnings.
Rental, year ending Dec. 31, 1897, $11,284. Paid
taxes, etc., $1,554; interest on bonds, $10,000— total,
$11,554. Deficit for year, $270. Capital stock,
$259,000; 5 p. c. reg. debentures, dated Nov. 1, 1887,
payable ou demand, interest May and Nov., at
Philadelphia, Pa., $200,000; unfunded debt, $105.698
—total, $564,698. Contra: Cost of road, $460,395;
profit and loss, $104,303— total, $564,698. Samuel
Rea, Pres.; F. W. Schwarz, Sec.; J. S. Vanzandt,
Treas., Philadelphia, Pa. Coi-jwrate Office (office
Penn. RR. Co.), Philadelphia, Pa.

New York; Bay RR.— Point 4,037 ft. east of
Waverly Station, N. J., to crossing of C. RR. of
N. J., 2.20 m.; branches, 7.00 m.— total, 9.20 m. ; 2d
track, 1.67 m.; total track (steel), 14.19 miles.
This road is operated by the Pennsylvania RR. Co.,
but there is no lease. During 1897 the P. RR. Co.
paid $38,683 for the use of the road. Capital stock
($50 shares), $500,000: funded debt, 4 p. c. debenture
certificates, $467.074; other Indebtedness, $314—
total, $967,388. Contra: Cost of road, etc.. $967,-
388. The securities of this company are all owned
by the Pennsylvania RR. Co. Win. J. Sewell, Pres.;
J. W. Sehwarz, Sec.; John M. Wood, Treas.

North and West Braucli Ry. — Catawissa
to Wilkesbarro, Pa., 43.13 m. ; Nantlcoke to Glenlyon,
Pa., 4.69 m.— total, 47.82 m.; total track (steel, 83.55
m.), 87.71 miles. Chartered July 23, 1881. Operated
by the Penn. RR. Co. under an agreement dated
Nov. 23. 1881, and to endure for 20 years. Rental,
year ending Dec. 31, 1897, $366,893; other receipts,
$13,843— total, $380,736. Expenses and taxes, $21,-
455. Net income, $359,281. Payments: Interest,
$90.000; dividends (May and Nov., 4 p. c. each),
$120,000— total, $210,000. Surplus, $149.281. Capital
stock (par, $50), $1,500,000; funded debt, 1st mtge.
C p. c. 20-yr. bonds, due Sept. 1, 1901, interest March
and Sept., at the company's office, $1,500.000; ac-
crued interest, $30.000; other liabilities, $152; profit
and loss, $1.123,525— total, $4,153,677. Contra: Cost
of road. etc.. $3,301.997; other assets, $851,880—
total, $4,153.677. Samuel Rea, Pres.; Albert Hew-
son. Sec. ; Taber Ashton, Treas. Corporate Office
(office Penn. RR. Co.), Philadelphia, Pa.

Pennsylvania Schnylkill Valley RR.—

Philadelphia to New Boston, Pa., 101.30 m. ;
branches, 28.92 m. ; total, 130.22 m. ; 2d track, 39.76
m.; total track (steel, 228.78 m.), 228.78 miles. Con-
solidation, June 1, 1883, of the Philadelphia, Norris-
town and Phcenixville, the Phoenixville, Pottstown
and Reading, and the Phoenixville and West Chester
RR. Cos. The Reading and Pottsville RR. Co.
was absorbed Oct. 29, 1885, and the Pottsville
and Mahanoy RR. Co., Nov. 29, 1886. (See Manual
for 1892.) Leased to the Penn. RR. Co., Dec. 31,
1885. Rental year ending Dec. 31, 1897, $619,900;
expenses and taxes, $72,374; net income, $547,526.
Paid interest on bonds, $350,000. Surplus, $197,526.
Capital stock. $7,117,450; funded debt, 1st mtge. 5
p. c. 50-yr. reg. bonds, due Dec. 1, 1935, Interest June
and Dec. (auth., $10,000,000), $7,000,000; mtges. and
ground rents, $250; accrued interest, $29,167; profit
and loss, $199,051— total, $14,345,918. Contra: Cost
of road, etc., $14,118,025; other investments, $124;
other assets, $227,769— total, $14,348,918. Charles

E. Pugh, Pres.; Albert Hewson, Sec.; Taber Ashton,
Treas. Corporate Office, Broad Street Station, Phila-
delphia, Pa.

Perth Amboy and Woodbridge RR.—
Perth Amboy June., near Rahway, to Perth Amboy,
N. J., 6.40 m.; total track (steel), 14.44 miles. Char-
tered March 9, 1855; road opened Oct. 11, 1864.
Operated by Penn. RR. Co. for cost by agreement
terminable on 30 days' notice. Rental for 1897, $31,-
562. Expenses, etc., $6,047. Net receipts, $25,-
515. Payments: Interest on bonds, $4,000; dividends,
(Dec. 1897, 10 p. c.), $22,840— total, $26,840. Defi-
cit, 1 1,325. Capital stock, $228,400; funded debt,
30-yr. debenture reg. 4 p. c. bonds, due Feb. 1, 1918,
interest Feb. and Aug., $100,000; unfunded debt,
$1,666; profit and loss, $104,854— total, $434,920.
Contra: Cost of road, etc., $346,439; other assets,
$88,481— total, $434,920. Interest payable at com-
pany's office. Wm. J. Sewell, Pres., Camden, N. J. ;

F. Walcott Jackson, Vice-Pres., Jersey City, N. J.;
J. S. Vanzandt, See. & Treas., Philadelphia, Pa.
Corporate Office (office Penn. RR. Co.), Philadelphia,
Pa.

Philadelphia and Beach Haven RR.—
Manahawkin to Beach Haven, N. J., 12.09 m.; total
track, 14.41 miles. Organized as Long Beach RR.
Co., Oct. 23, 1883. Sold under foreclosure Nov. 28,
1893, and reorganized under the present title. Leased
to the Penn. RR. Co.; rental, net earnings. Capital
stock (shares, $50) paid in, $200,000; other liabilities,
$73,432— total, $273,432. Contra: Cost of road, $200,-
000; profit and loss, $73,432— total, $273,432. William
J. Sewell, Pres.. Camden, N. J.; F. W. Schwarz,
Sec.; John M. Wood, Treas., Philadelphia, Pa. Gen-
eral Office, Broad Street Station, Philadelphia, Pa.

Philadelphia and Brie RR.— Sunbury to
Erie, Pa., 287.56 m.; branches, 14.06 m.— total, 301.62
in.; 2d track, 76.40 m.; total track (steel, — - m.),
566.70 miles. Rail, 56 to 85 Ibs. Chartered April 3,
1837, as Sunbury and Erie RR. Co.; construction
commenced in 1852; whole line opened Oct. 4, 1864.
Leased to Penn. RR. Co. for 999 years from Jan. 1,
1862; rental, net revenue. Income Account, year
ending Dec. 31, 1897.— Net earnings, $1,300,756; other
receipts, 1,323— total, $1,302,079. Deductions: Inter-
est on bonds, $1,047,470; on account special guaran-
teed stock (2 p. c.), $48.000; valuation of equipment
furnished by lessee, $117,564; taxes, $66,891; main-
tenance of organization, $8,000— total. $1,287.925.
Surplus, $14,154; surplus forward, $684,786; differ-
ence between amount appropriated and amount ex-
pended for maintenance of organization and sundry
other credits, less amount paid in adjustment of
sundry accounts, - $4,807— total, $703,747. Deduct:
Interest accrued on bonds to Dec. 31. 1897 (6 months'
Interest due Jan. 1, 1898. on $8,680,000 gen. mtge.
bonds, $260,400: 3 months' interest on $5,263,000 gen.
mtge 5s. $65,787: 3 months' interest on $5,880,000
gen mtge 4s, $58,800) $384,987. Balance, surplus,
Dec. 31, 1897, $318,760.

General Balance Sheet, Dec. 31, 1897.

Cost of Road $30,466,182 05

Bonds, etc., of other Companies 29,962 50

Cash 123,239 10

Rails used by Connecting Lines under

Agreement 38,202 05

Cash on Deposit with Penna. RR. Co.
to pav Interest on Bonds, Due Jan. 1,
1898 1 260,400 00

Total Assets $30,917,985 70

Capital Stock— Common (shares, $50) . . . $7,985,000 00

Capital Stock— Special (shares, $50) 2,400,00000

Funded Debt (see page 632) 19,823,000 00

Int. on Bonds, Matured and Uncollected. 1,020 00

Int. Accrued on Bonds to Dec. 31, 1897. 384,987 50

Individuals and Companies * 5,21850

Profit and Loss 318,759 70

Total Liabilities $30,917,985 70

632

POOR'S MANtTAL Of RAILROADS — RAILROAD "SYSTEMS.

Statement of operations, etc., Philadelphia and Erie RR., for eight years ending Dec. 31:

1890

1891

1892

1893

1894

1896

1896 1897

287.56
1.032,664
4,005,403
1,492,946
28,948,215
10,557,438
896,461,188
$
717,222
4,262,255
134,311

287.56
1,095,733
3,970,327
1,474,081
30,560,919
10,117,562
890,060,792
$
739,306
4,334,693
12~,362

287.56
1,114,125
4,384,089
1,437,320
31,103,918
10,456,005
983.219,173

8
729,159
4,396,545
130,847

287.46
1,097,469
4,548,136
1,282,384
28,243,242
10,040,296
967-351,740

s

678,363
4,297,801
129,216

287.56
1,095,182
3,820,038
1,186,093
24,952,091
8,466,400
775^31,273
$
598,581
3,240,065
126,550

287.56
1,096,567
4,093,447
1,188,181
25,871,870
10,396,811
905,583.573

$

614,197
3,611,291
153,086

287.56 287.56
1,102,261 1,142,542
4,277,985 4,287,094
1,174,953 1,098.896
25,123,174 24,755,558
10,472,600 10,613,867
963,934,570 1,040,487,912
$ $
600,960 581,175
3,765,352 3,860,583
146,199 159,499

Passenger Train Miles
Freight Train Miles

Freight (ton) Miles

Freight Earnings

Miscellaneous

Traffic Earnings

5,113,788
3,380,921

5,201,361
3,347,859

5,256,551
3,740,942

5,104,880
3,549,883

3,965,196
2,942,613

4,378,574
3,140,859

4,512,511 4,601,257
3,229,534 3,300,501

Transportation Expenses . .
Net Traffic Earnings
Earnings per Mile

1,723,867

17,783 3H
11,788 57
5,994 81
66.29 p.c.
2.48C.
0.47 c.
$
7,975,000
2,400,000
19,674,000
14,584
241,455

1,853,502

18,087 92
11,642 30
6,445 62
64.40 p. c.
2.42 c.
0.48C.
$
7,975,000
2,400,000
19,674,000
16,318
507,785

1,515,609

18,279 84
13,009 25
5,270 59
71.20 p. c.
2.34 c.
0.45 c.

7,985,000
2,400,000
19,674,000
133,869
669,833

1,554,997

17,752 40
12,344 84
5,407 56
69.54 p. C.
2.40 C.
0.44 c.

8

7,985,000
2,400,000
19,674,000
139,569
905,647

1,022,583

13,789 11
10,233 04
3,556 07
74.21 p. c.
2.40 c.
0.42 c.
$
7,985,000
2,400,000
19,799,000
67,099
635,774

1,237,715

11,636 64
8,335 67
3,300 97
71.63 p. c.
2.37 C.
0.40 c.

7,985,000
2,400,000
19,799,000
64,541
624,986

1,282,977 1,300,756

15,692 42 lfi.001 03
11,23082 11,47761
4,461 60 4,523 42
71.57 pi C. 71.73 p.c.
2.39 C. 2.35 C.
0.39 C. 0.37 c.

* 9

7,985,000 7,985,000
2,400,000 2,400,000
19,799.000 19,823,000
31,942 *391,226
684,786 318,760

Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass. p. Mile.
Av. Rate per Ton p. Mile. .

Special Stock

Funded Debt

Bills, Accounts, etc

Total Liabilities

30,305,039

30,085,477
5,596
213,966

30,573,103

30,160,805
5,597
406,701

30,862,702

30,292,252
136,422
434,029

31,104,215

30,416,964
43,314
643,937

30,886,873

30,466,182
43,314
377,377

30,873,527

30,466,182
43.314
364,030

30.900,728 30.917,986

30,466,182 30,466,182
30,021 29,963
404,525 221,841

Construction...

Investments

Cash and Other Assets —
Profit and Loss

Total Assets

30,305,039

30,573,103

30,862,702

31,104,215

30,886,873

30,878,627

30,900,728 30,917,986

Includes interest accrued on bonds to Dec. 31, 1897, $384,987.50.

Funded debt ($19,823,000) consisted, Dec. 31, 1897, of the following:

Gen. mtge. (Phil, and Erie) gold 6 p. c. 50-yr. $1,000 coup, bonds, due July 1, 1920, int. J. & J $8,680,000

Gen. mtge. (Phil, and Erie) gold 5 p. c. 50-yr. $1,000 reg. bonds, due July 1, 1920, int. April & Oct.. 5,263,000
Gen. mtge. (Phil, and Erie), 4 p. c. 50-yr. $1,000 reg. bonds, due July 1, 1920, int. April and Oct 5,880,000

The gen. mtge. is for $20,000,000. During the
year ending Dec. 31, 1888, the company issued 4 p. c.
$1,000 reg. bonds under this mtge., the proceeds of
which were used for the redemption of the 1st mtge.
7s, which matured July 1, 1888. At the same time
the Penn. RR. Co. exchanged $1,455,000 of 4i p. c.
debenture bonds, held by them, for $1,555~000 4
p. c. bonds secured by the gen. mtge. above referred
to. During the past year there were issued $1,000,-
000 additional of the gen. mtge. 4s to meet the pay-
ment of the $976,000 Sunbury and Erie 7s, which
matured Oct. 1, 1897. Principal and interest on the
several issues of bonds are guaranteed by the Penn.
RR. Co.

Special stock is entitled to 7 p. c. per annum before
dividends can be paid on common stock. Voting
power attaches to stock after 30 days' ownership
Trustees of bonds: 1st mtge., S. & E. RR., the Penn.
Co. for Insurance on Lives and Granting Annuities;
gen. mtge., W. II. Barnes and Alexander Biddle.
Interest on bonds payable at the general office of
the Penn. RR. Co.. Philadelphia, Pa.; on the gen.
intge. coup, bonds, also in London.

Managers P. & E. RR. Co. (elected Feb. 14 1898) —
By Stockholders: Samuel Gustine Thompson, N.
Parker Shortridge, William J. Howard, William L.
Elkins, Amos R. Little, J. Bayard Henry, William
Barnos, John P. Green, John H. Catherwood
G*orge Wood. By Philadelphia City Council: James
McManes, William Johnston, W. S. P. Shields
Officers: N. Parker Shortridge, Pres.; J. S. Vanzandt.
Sec. & Treas., Philadelphia. Pa. General Office
(office Penn. RR. Co.), Philadelphia, Pa.

T*,P1*1lllJ;<lell>hta and l-ongr Branch RR.-

BirmlnKham to Bay Head June., N. J., 46.09 m.;
Island Heights June, to Island Heights, N. J 1 18

m.; Junction to Brown's Mills, N. .J., 1.80 m.— total,
49.07 m.; total track (steel, 46.34 m.), 54.50 miles.
Rail, 56 to 70 Ibs. Consolidation, Oct. 13, 1883, of
the Phila. and Long Branch Ry. and the Pemberton
and Seashore RR. The Island Heights RR. was ab-
sorbed in June, 1885. Leased to the Penn. RR. Co.,
for 50 years from Jan. 1, 1884; rental, net earnings—
in 1897, deficit, $21,007; add interest on bonds, $37,-
500; other charges, $6,993— total deficit, $65,50O.
Capital stock paid in, $765,000; funded debt, $750,000
($900,000 auth.), consol. mtge. 5 p. c. 30-yr. bonds,
due Dec. 1, 1913, interest June and Dec.; unfunded
debt, $68,625— total. $1,583.625. Contra: Cost of
road, etc., $1,540,634; profit and loss, $42.991— total,
$1,583,625. Samuel Rea, Pres.; F.W. Schwarz, Sec.;
John M. Wood, Treas. General Office, Broad Street
Station, Philadelphia, Pa.

Philadelphia and Trenton RR.— Morris-
vine to Frankford June., 23.66 m.; Kensington Br.,
2.84 m.— total, 26.50 m.; 2d track, 26.50 m.: 3d
track, 25.88 m. ; 4th track, 23.66 m.; sidings, 28.52
m.— total track (steel, 127.35 m.), 131.06 miles.
Rail, 56 to 85 Ibs. Chartered June 9, 1832; road
opened 1834, and from 1836 operated under traffic
cofitract by the C. & A. RR. Co. In 1871 it was
leased in connection with the United New Jersey
RRs. to the Penn. RR. Co., and has been operated
since as a part of the New York Div. Rental, 1897,
$68.894; expenses and taxes, $19.484; net income,
$49,410. Paid dividends (2} p. c. each of Jan., April,
July and Oct. 10). $49,410. Capital stock, $1,259,-
100; unfunded debt, $2,257,462; income balance,
$703.554— total, $4,220,116. Contra: Cost of road,
$4,115,460; stock and other investments, $104,656—
total, $4.220,116. Stock must be held for 10 days In
advance of dividend days to entitle holders to divi-

POORS MANUAL — PENNSYLVANIA RE. SYSTEM.

633

dends. John P. Green, Pres. ; J. R. McClure, See.;
John M. Wood, Treas. Corporate Office, Broad Street,
Station, Philadelphia, Pa.

Philadelphia, Bustleton and Trenton

RR.— Under construction: Philadelphia to Fallsing-
ton, Pa., 23 m. ; completed, Dec. 31, 1897, 3.55 m.—
total track (steel), 4.19 miles. Consolidation, May 1,
1893, of the Philadelphia and Bustleton Ry. Co. and
the Bustleton and Eastern RR. Co.; road opened 3.9
m., Dec. 29, 1896. Receipts from rents, 1897. $1.566.
Expenses and taxes, $855. Net income, $711. Capi-
tal stock, $436,450; profit and loss, $3,451— total,
$439,901. Contra: Cost of road, etc., $438,023; other
assets, $1,878— total, $439,901. Samuel Rea, Pres.;
Taber Ashton, Treas.; Albert Hewson, Sec., Phila-
delphia, Pa. Corporate Office, Broad Street Station,
Philadelphia, Pa.

Philadelphia, Germantown and Chest-
nnt Hill RR.— Germantown June., Pa., to Chest-
nut Hill, Pa., 6.75 m.; Cresheim Br., 6.27 m.; Mid-
vale Br., 0.85 m. ; 2d track, 6.74 m.; sidings, 6.40 m.
—total track (steel, 27.04 m.), 27.66 miles. Rail, 67
to 85 Ibs. Chartered Jan. 2, 1883; road opened June
11, 1884. Operated by the Penn. RR. Co., which
guarantees interest on bonds. Rental, year ending
Dec. 31, 1897, $16.171. Expenses and taxes, $11,602.
Net income, $4,569. -Paid interest on 1st mtge.
bonds, $56,835. Deficit, $52,266. Capital stock, $1,-
263,000; funded debt (1st mtge. reg. 4* p. c. 30-yr.
bonds, due May 1, 1913, interest May and Nov., $1,-
000,000; consol. mtge. 4J p. c. 50-yr. bonds, due Nov.
1, 1944; auth., $2,000,000; outstanding, $263,000),
$1,263,000; unfunded debt (including accrued in-
terest), $86,754— total, $2,612,754. Contra: Cost of
road, etc., $2,530,081; profit and loss, $82,673— total,
$2.612,754. Samuel F. Houston, Pres.; Albert Hew-
son, Sec.; Taber Ashton, Treas. Corporate Office,
Broad Street Station, Philadelphia, Pa.

Pittsburgh, Virginia and Charleston

Ry.— Pittsburgh to West Brownsville, Pa., 53.19 m.;
branches, 24.14 m.— total, 77.33 m. ; 2d track, 31.01
m.; 3d track, 6.68 m.; 4th track, 0.85 m.; sidings,
69.83 m.— total track (steel, 177.06 m.), 185.70 miles.
Rail, 56 to 70 Ibs. Chartered Feb. 4, 1870, and road
opened in 1873. Consolidated with the Brownsville
RR. Co. In 1881. (See Manual for 1892.) In 1894 the
McKeesport and Bessemer RR., the Monongahela
River and Streets Run RR., and the Brownsville and
State Line RR. were consolidated with this road.
Operated by the Penn. RR. Co., under lease for 30
years from April 1, 1895; rental, net earnings — in
1897, $672,135; other receipts, $2,597— total, $674,-
732. Expenses and taxes, $134,739. Net income,
$539,993. Paid interest on bonds (at Phila.), $154,-
395; dividends (5 p. c.), $188.523; interest on mtges.,
$3,000— total, $345.918. Surplus, $194,075. Capital
stock (par, $50), $3,770,500; funded debt (owned by
the Penn. RR. Co.), 1st mtge. 4i p. c. 30-yr. $1,000
gold coupon bonds (Series A), due April 1, 1925, in-
terest April and Oct., $3,431,000; dividend scrip, $2,-
431; dividends and accrued interest, $53,943; mtges.,
$75,000; profit and loss, $632,695— total, $7.965.569.
Contra: Cost of road and equipment, $7,642,057; other
assets, $323,512— total, $7,965,569. The 4i p. c. bonds
were issued to retire $3,000,000 5 p. c. bonds and
$431,000 debenture certificates. The total amount
authorized is $6,000,000, to be issued in two series—
A, described above, for $4,000,000, and B, for $2,-
000,000, which may bear a different rate of Interest
and mature at a different date. Additional amounts
of the bonds may be issued, from time to time as
required for extensions, betterments, and acquisition
of property. Trustee: Girard Life Insurance, Annuity
and Trust Co., Philadelphia. Interest payable in
Philadelphia. Samuel Rea, Pres.; F. W. Schwarz,
Sec.; Taber Ashton, Treas., Philadelphia. Pa. Cor-
porate Office, Broad Street Station, Philadelphia, Pa.

Pomeroy and Newark RR. — Pomeroy, Pa.,
to Newark (P. W. & B. RR.), Del., 26.7 m.; total
track (steel, 21.09 m.), 28.62 miles. Rail, 52 to 70
Ibs. Formerly Pa. & Del. RR. Sold Feb. 9, 1879,
and became Pomeroy and State Line RR. Reorgan-
ized under present title Dec. 29,* 1881. Operated by
the Penn. RR. Co. under a lease for 99 years, dated
March 1, 1880, net results going to lessor. Deficit
for 1897, $5,371; expenses and taxes, $988— total
deiicit, $6,359. Capital stock (par $50), $500,000;
floating debt, $238,497— total, $738.497. Contra: Cost
of road, etc., $502,056; profit and loss, $236,441—
total, $738,497. John P. Green. Pres.; E. H. Pyle,
See. & Treas. Corporate Office, Broad Street Station,
Philadelphia, Pa.

Ridgrway and Clearfield RR.— Rldgway,
Pa., to Falls Creek, Pa., 27.23 m. ; total track (steel),
37.4O miles. Rail, 60 and 70 Jbs. Chartered April
20, 1882; road opened in 1885. Operated by the Penn.
RR. Co. for net earnings, under contract dated July
23, 1884. On Nov. 1, 1894, leased for 50 years to tho
Penn. RR. Co. for interest on bonds, taxes, sinking
fund, organization expenses, and 6 p. c. dividends on
stock if earned. Rental for 1897, $57,480. Expenses
and taxes, $3,470. Net income, $54,010. Payments:
Interest on bonds, $24,550; dividends (May and Nov.
3 p. c. each), $29,460— total, $54,010. Capital stock,
$491,000; funded debt, 1st mtge. reg. 5 p. c. 40-yr.
bonds, due Nov. 1, 1923, interest May and Nov., 'in
Philadelphia, Pa. (auth., $1,000,000), $491,000; profit
and loss, $18,651— total, $1,000,651. Contra: Cost of
road, $987,503; other assets, $13.148— total. $1,000,651.
Samuel Rea, Pres.; F. W. Schwarz, Sec.; J. S.
Vanzandt, Treas., Philadelphia, Pa. Corporate Office
(office Penn. RR. Co.), Philadelphia, Pa.

River Front RR.— Junction with Phila. and
Trenton RR., Lehigh Ave., Kensington, to Dock
Street, Philadelphia, 3.62 m. ; branch to Norris St ,
0.76 m. ; branch to Laurel Street, 0.24 m.— total, 4.62
m.; total track (steel, 9.37 m.), 9.96 miles. Rail, 56
to 88 Ibs. Chartered May 5, 1876. Opened in 1882.
Leased to the Penn. RR. Co., for 50 years from May
1, 1882; rental. $28,000 per annum and taxes. Rental,
year 1897, $34,411; other receipts, $180— total income,
$34,591. Expenses and taxes. $6,411. Net income,
$28,180. Payments: Interest on bonds, $12,990; divi-
dends (5 p. e.), $15.000; other charges, $12— total,
$28,002. Surplus, $178. Capital stock (par, $50),
$300,000; funded debt (1st mtge. 4J p. c. 30-yr.
reg. bonds, due May 1, 1912. interest May and Nov.,
$212,000; 4 p. c. 10-yr. debentures, due Dec. 31,
1903; Interest June 30 and Dec. 31, $84,000), $296,-
000; income balance, $34,980— total, $630,980. Con-
tra: Cost of road, $609,698; other assets, $21,282—
total, $630,980. Interest payable at company's office.
Charles E. Pugh, Pres.; James R. McClure, Sec.; J.
S. Vanzandt, Treas. Corporate Office, Broad Street
Station, Philadelphia, Pa.

Rocky Hill RR. and Transportation

Co.— Rocky Hill to Kingston, N. J., 2.38 m.; total
track (steel, 2.87 m.), 2.93 miles. Rail, 56 to 67 Ibs.
Chartered Feb. 17, 1853; road opened iu 1864. Leased
in perpetuity In 1869 to C. & A. RR. Co. and trans-
ferred to Penn. RR. Co. Rental, 6 p. c. on capital
stock. Dividends paid June and Dec., at Rocky Hill,
N. J. Capital stock, $45.600. Cost of road, etc.,
$45.654. F. Wolcott Jackson, Pres., Newark, N.
J.; Leroy H. Anderson, Sec., Trenton, N. J.; Stephen
Voorhees, Treas., Rocky Hill, N. J. Corporate Office,
Trenton, N. J.

Scalp Level RR.— June, with So. Fork RR.
near Lovett Station to Scalp Level, Pa., 10.70 m. ;
branches to mines, 5.50 m. — total, 16.20 m.; total
track (steel), 19.54 miles. Rail, 85 Ibs. Chartered
March 1, 1897; road opened Sept. 1, 1897. Operated
by the Penn. RR. Co., as agent for the owners.
Gross receipts, 4 months ending Dec. 31, 1897, $4,-
843. Operating expenses and taxes, $4,038. Net in-
come, $805. Capital stock, $285,000; surplus income,
$805— total, $285,805. Contra: Cost of road, etc.,
$282,562; other assets, $3,243— total, $285.805. F.
S. Lewis, Pres.; Geo. W. Young, Sec. & Treas.
Corporate Office, 301 Betz Building, Philadelphia, Pa.

.South Fork RR.— South Fork to Coal Mines,
Pa., 8.12 m.; Beaver Branch, 1.47 m.— total, 9.59 m.;
total track (steel; 67 to 75 Ibs.), 14.03 miles. Char-
tered July 2, 1890; road opened Aug. 15, 1891, and
operated from that date by the Penn. RR. Co., under
an agreement terminable on 30 days' notice; rental,
net earnings— in 1897. deficit, $3.934. Capital stock,
$120,000; unfunded debt, $20,425; due for advances,
$43.540— total, $183,965. Contra: Cost of road. $152,-
357; other assets, $2,676; profit and loss, $28,931—
total, $183,965. Samuel Rea, Pres.; F. W. Schwarz.
Sec. & Treas., Philadelphia,. Pa. Corporate Office,
Broad Street Station, Philadelphia, Pa.

Southwest Pennsylvania Ry.— June, near
Greensburg to Faircbance, Pa., 44.79 m.; branches,
67.08 m.— total, 112.12 m.; 2d track, 10.01 m.; total
track (steel, 173.29 m.), 174.24 miles. Organized in
1871; road opened in 1873. Leased April 1, 1873, to
Penn. RR. Rental, 1897. $178,880; other receipts,
$20.253— total, $199,133. Expenses and taxes, $36.
612. Net income, $162,521. Payments: Interest on
bonds, $63,000; dividends (10 p. c.), $149,990— total,

634

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

$212,990. Balance, paid out of surplus, $50,469.
Capital stock (auth., $3,000,000; par, $50), $1,499,-
900; funded debt (1st mtge. 7 p. c. 40-yr. bonds,
interest Feb. and Aug., due Feb. 1, 1917), $900,000;
bond redemption fund, $85,365; unpaid accrued in-
terest, etc., $27,113; profit and loss, $1,093,158—
total, $3,605,536. Contra: Cost of road, etc., $2,515,-
105; redeemed bonds, $38,000; other assets, $1,-
052,431— total, $3,605,536. Interest payable at
Treasurer's office, Philadelphia, Pa. Chas. E. Pugh,
Pres.; Albert Hewson, Sec.; Taber Ashton, Treas.
Corporate Office, Broad Street Station, Philadelphia,
Pa.

Sunbury and Letvistown Ry.— Selinsgrove
Jc. to Levvistown Jc., Pa., 44.62 m.; Lewistown to
Milroy, Pa., 11.14 m.; Lewistown and Tuscarora
Bridge, 0.12 m.— total, 55.88 m.; total track
(steel), 72.22 miles. Gauge, 4 ft. 9 in. Rail, 60
to 70 Ibs. Consolidation, Oct. 1, 1896, of the Sunbury
and Lewistown Ry. Co. and the Mifflin and Centre
County RR. Co. For particulars relating to the con-
stituent companies see Manual for 1896. The road
Is leased to the Penn. RR. Co. for 79 years from Oct.
1, 1896, for expenses and one-half interest in net
earnings from operation after payment of Interest on
bonds. Income Account, year ending Dec. 31, 1897.
—Gross earnings under lease, $521,618; operating ex-
penses, $383,391; net earnings, $138,227; other re-
ceipts, $1,782— total income, $140.009. Paid interest
on bonds, $20,000; dividends, $95,972; organization
expenses, $1,913 — total, $117,885. Surplus for year,
$22,124. Financial Statement, Dec. 31, 1897.— Capi-
tal stock (shares, $50), $1,200,000; funded debt (see
below), $500,000; current liabilities, $134; profit
and loss, $109,425— total, $1,809,559. Contra: Cost of
road, $1,700,000; cash and current assets, $109,559—
total, $1,809,559. Funded debt consists of 1st mtge.
4 p. c. 40-yr. $1,000 gold coup, bonds, due July 1,
1936, interest Jan. and July at office of the trustee,
Philadelphia, Pa., and at American Exchange Nat.
Bank, New York, N. Y. Authorized issue, $600,000,
of which $500,000 are outstanding, and $100,000 are
reserved by the Guarantee Trust and Safe Deposit
Co., Philadelphia, Pa., subject to the joint order of
the Penn. RR. and the Sunbury and Lewistown Ry.
Cos., for use in betterments as per terms of mtge.
The bonds issued were used to retire $600,000 1st
mtge. 7s which matured July 1, 1896. The $200,000
1st mtge. 6 p. c. bonds issued by the M. & C. C. RR.
Co. have been cancelled and the mtge. satisfied. The
bonds may be registered as to principal only. The
mtge. above referred to was executed prior to the
merger, and while the mtge. by its general terms
covers after acquired property, a supplemental mtge.
was made under date of Dee. 23, 1896, covering
specifically the property formerly owned by the
Mifflin and Centre Co. RR. Co. Aaron Fries, Pres.;
Frank S. Lewis, Sec. & Treas., Philadelphia, Pa.
Corporate Office, 301 Betz Building, Philadelphia,
Pa.

Sunbnry, Hazleton and Wllkesbarre

Ry.— Sunbury to Tomhicken, Pa., 43.44 m.; total
track (steel, 57.66 m.), 58.06 miles. Reorganization,
May 1, 1878, of the Danville, Hazleton and Wilkes-
barre Ry. Co., whose road was sold under foreclosure
March 20, 1878. Leased to Penn. RR. Co., for 50
years from May 1, 1878. Rental, year ending Dec.
31, 1897, $285,960. Expenses and taxes, $19,384. Net
income, $266,576. Payments: Interest on bonds
$131,000; dividends (10 p. c.V $100,000— total, $231,-
000. Balance, surplus, $35,576. Capital stock, $1,-
000,000; funded debt, $2,350,000; accrued and unpaid
interest, etc., $29.316; profit and loss, $439,429—
total, $3,818,745. Contra: Cost of road, $3.535,124;
other assets, $188,621; sinking fund, $95,000— total
$3,818,745. The funded debt ($2,350,000) in detail
is as follows: 1st mtge. A, 5 p. c. bonds, due 1928,
interest May and Nov., $1,000,000: 2d mtge. 6 p. c.
income bonds, due 1938, interest May and Nov $1 -
350,000. Interest on bonds payable in Philadelphia,
Pa. Samuel Rea, Pres.; Albert Hewson, Sec.; Taber
Ashton. Treaa. Corporate Office, Broad Street Sta-
tion, Philadelphia, Pa.

Sn.sqnolifiniia and Clearfleld RR.— Keat-

«*' Pua-o^ Karthaus, Pa., 22.78 m.; Three Runs
Branch, 2.11 m.; sidings, 3.08 m.— total track, 27.9V
miles. Rail (steel), 50 to 60 Ibs. Chartered Dec 8
1879. Operated by Penn. RR. under resolutions of
board of directors adopted July 215, 1884. torminable
days' notice. Rental, net earnings— deficit in
1897, $4.260; expenses and taxes. $370; interest on
l'o21S/J14-25n~tot111 defi<-'t, $18,880. Capital stock,

o -, ,. ,

?^86.0OO; funded debt, 1st mtge. 5 p. c 40-yr reg
bonds, due Nov. 1, 1923, interest May and Nov. (auth.,

$1,000,000), $285,000; unfunded debt, $171,811— total,
$742,811. Contra: Cost of road, $570,913; other
assets, $2,475; profit and loss, $169,423— total, $742,-
811. Interest payable at Philadelphia, Pa. Samuel
Rea, Pres.; J. M. Harding, Sec.; J. S. Vanzandt,
Treas., Philadelphia, Pa. Corporate Office (office
Penn. RR. Co.), Philadelphia, Pa.

Tlpton RR.— From Tipton to Tipton Run Coal
Co.'s Mines, Pa.. 4.44 m.; total track (steel, 5.64 m.),
5.78 miles. Rail, 60 and 67 Ibs. Chartered Sept.
5, 1885; road opened May 1, 1886. Operated by the
Penn. RR. Co. under an agreement terminable on
30 days' notice. Rental, net earnings — deficit In 1897,
$87; expenses and taxes, $65— total deficit, $152.
Capital stock (par, $50), $43,250; unfunded debt,
$1,310; Income balance, $9,723— total, $54,283. Con-
tra: Cost of road, $43,250; other assets, $11,033—
total, $54,283. Samuel Rea, Pres.; E. H. Pyle, Sec.
& Treas. Corporate Ottice, Broad Street Station,
Philadelphia, Pa.

Trenton Cut-off RR.— Morrlsville to Bucks
County Line, Pa., 15.02 m. ; 2d track, 15.02 m.—
total track (steel), 36.61 miles. Organized Dec. 3,
1889. Leased by the Pennsylvania RR. Co., Jan. 1,
1892, for one year, the lease to be continued from
year to year until terminated by either party on six
months' notice. Nominal rental, $1 per annum.
Capital stock ($50 shares), $100,000; funded debt,
$1.200,000; profit and loss, $40— total, $1,300,040.
Contra: Cost of road, $1,300,000; other assets, $40— x
total, $1.300,040. John P. Green, Pres.; E. H. Pyle,
Sec.; Taber Ashton, Treas., Philadelphia, Pa. Cor-
porate Office, Broad Street Station, Philadelphia, Pa.

Tyrone and Clearfleld Ry.— Vail, Pa., to
Grampian, Pa., 49.63 m.; branches, 84.88 m.— total,
134.43 m.; 2d track, 12.34 m.; sidings, 42.93 miles.
Steel rails, 176.75 miles. Consolidation, April 14,
1884, of the Tyrone and Clearfield and the Moshannon
and Clearfield RR. Cos. (See Manual for 1892.)
Leased to the Penn. RR. Co. for 50 years from Jan.
1, 1882. Rental, 1897, $116,440. Payments: Expen-
ses and taxes, $6,440; interest on bonds, $50,000;
dividends (June and Dec., 2J p. c. each), $50,000—
total, $106,440. Surplus, $10,000. Capital stock,
$1,000,000; funded debt, 1st mtge. 5 p. c. bonds, due
Jan. 2, 1912, interest Jan. and July, $1,000,000;
accrued interest, $25,000; profit and loss, $23,440—
total, $2,048,440. Contra: Cost of road, etc., $2,000,-
000; cash, $48,440— total, $2,048,440. Samuel Rea,
Pres.; Albert Hewson, Sec.; Taber Ashton, Treas.
Corporate Office, Broad Street Station, Philadelphia,
Pa.

United New Jersey RR. and Canal COM.

—Jersey City to Trenton, N. J., 56.54 m.; South
Amboy to Camden, N. J., 61.15 m. ; branches, 27.12
m.— total, 144.81 m.; 2d track, 93.28 m. ; 3d track.
55.85 m.; 4th track, 55.87 m.; sidings, 242.41 m.—
total (steel, 430.62 m.), 592.22 miles. Canal owned;
Bordentown to New Brunswick, and feeder, 66 miles.
The Delaware and Rarltan Canal Co. and the Camden
and Amboy RR. Co. were both chartered Feb. 4, 1830,
the former to construct a canal to connect the Dela-
ware and Raritan Rivers, and the latter to build
a railroad from the Delaware River to Raritan Bay.
In Feb., 1831, an act was passed authorizing the con-
solidation of the capital stocks of these two com-
panies; they were thus practically consolidated,
although nominally distinct corporations. Their
affairs were managed jointly by 'the directors of
both, and they were to share equally in profits. Under
this joint management the construction of the works
was begun. The main lines of the railroad and canal
were completed in 1834, and the branches in 1838.
In 1836 the United Companies acquired a controlling
interest in the stock of the Philadelphia and Trenton
RR. Co., and entered into an agreement with that
company for an equal division of their joint profits.
In Jan., 1867, an agreement was entered into between
the United Cos. and the New Jersey RR. and Trans-
portation Co., which owned the line between New
Brunswick and Jersey Cfty, forming a link in the
through New York-Philadelphia route, for a consoli-
dation of interests; and under this agreement the
profits were equally divided between the four com-
panies— the Delaware and Raritan Canal Co., the
Camden and Amboy, the New Jersey, and the Phila-
delphia and Trenton RR. Cos. On June 30, 1871, the
entire property was le.-ised to the Penn. RR. Co. for
999 years, the lessee receiving all assets and assum-
ing all obligations, and guaranteeing to the United
Cos. an annual rental equal to 10 p. c. on the aggre-
gate capital stock, and an equal rate of dividends
to the Philadelphia and Trenton.

POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM.

635

Statement of income and capital accounts, U. RR. and Canal Cos., for eight years ending Dec. 31:

1890

1891

1892

1893

1894

1895

1896

1897

Net Earnings, RR

$

4,561,982
93,837
479,158

$

4,052,854
36,949
497,417

8

3,864,737
970
517,782

$

4,000,937
def. 14,330
597,977

S

4.809,468
def. 12,683
526,012

$
4,775,031
def. 34,427
257,100

4,755,106
def. 31,968
320,435

S

5,139,795
def. 37,972
231,195

Net Earnings, Canal

Int. from Investm'ts, etc. . .
Total Income. ....

5,134,976

2,173,450
10,800
1,036,557

4,587,220

2,173,450
10,800
1,036,557

4,383,489

2,173,450
10,800
1,036,557

4,584,584

2,173,450
10,800
1,036,557

5,322,797

2,173,450
10,800
999,415

4,997,704

2,173,450
10,000
930,200

5,043,579

2,173,450
10,000
930,200
80,000
48,700
78,164

5,333,018

2,173,450
10,000
930,200
80,000
50,776
94,912

Dividends (10 p. c.)

Organizations, Salaries, etc.
Interest on N. J. Loans
* Interest on Penn RR. 4s..

Int on Adv. Conn . Ry

Interest on Mtges. & Rents.
Rents

54,674
374,270
30,676
26,250
736,694
302,900
1,819

60,937
449,473
30,676
26,250
770,842
303,902
1,789

60,621
419,288
30,676
26.250
620,384
302.895
1,767

77,24'?
441,111
30,676
26,250
672,964
307,540
2,517

78,883
408,823
30,676
26,250
605,862
307,500
1,677

78,318

Dividends Branch Roads. . .
Interest Branch Roads
Rentals Leased Roads, etc..
Transit Duty and Taxes
Com. Paying Coupons, etc.
Construction, etc.

1 681,644

395,472
926

656,132

404,899
906
221,704

820,664

398,336
903
293,056

Total Payments

4,738,091

4,863,676

4,682,688

4,779,112

4,643,336

4,270,010

4,604,155

4,852,298

Profit or Loss

P 396,885

21,990,627
20,001,625

8,840,709
472,455

L 276,456

21,990,628
20,001,625
618,643

10,565,572
472,455

L 299,199

21,990,627
20,001,625
618,143

11,706,868
472,455

L 194,528

21,900,627
20,001,625
618,143

11,521,971
472,455

P 679,461

21,990,627
20,001,625
618,143

9,433,252
472,455

P 727,694

21,990,628
20,001,625
608,143

9,725,997
472,455

P 439,424

21,990,627
20,001,625
608,143

9,909,993
472,455

P 480,720

21,990,627
20,001,625
608,143

10,109,503
472,455

Capital Stock

Funded Debt

Bonds and Mortgages ]
Premium on Stocks 1

Expended by P. RR. Co. . f
Sinking Fund J

Undivided Earnings

Total Liabilities

51,305,417
41,974,305
6,429,662

2,901,450

53,648,922

44,204,890
(4,434,149
h, 120,600
( 494,136
[2,355,007
( 890,598
i 67,975
( 81,507

54,789,718

45,238,714
4,434,149
1,105,000
494,136
2,467,987
890,599
77,027
81,506

54,606,821

45,131,424
4,320,649
1,105,600
494,136
2,580,907
890,599

52,506,102

45,516,945
4,320,649
1,105,600
494,136

52,798,848

45,809,691
4,320,649
1,105,600
494,136

52,982,843

45,993,686
4,320,649
1,105,600
494,136

53,182,353

46,193,196
4,320,649
1,105,600
494,136

Permanent Property

Stocks . |

Bonds >

Advances, etc I

Sinking Funds "1

Cash and Cash Items, etc . 1
Premium and Discount... [
Due by Penn. RR. Co J

Total Assets...

890,599

890,698

890,598

890,598

81,506

178,173

178,174

178,174

178,174

51.305.417

53.648.922 54.789.718

54.604.821

52.506.102

52.798.848

52.932.843

53.182.353

* Representing interest on $2,000,000 Pennsylvania RR. Co.'s 1st mtge. 4 p. c. bonds issued account pur-
chase of New York pier properties. P. Profit. L. Loss.

Expenditures for additions and improvements by lessees since 1871.:

Prior to
Dec. 31.
1890

1891

1892

1893

1894

1895

1896

1897

Construction

S

10,728,124

1 043 262

803 944

$

388 012

S

316 742

8

206 939

S

257 782

S
153 133

Real Estate

2 261 133

121 090

134 194

fiR 194

37 357

19 917

44661

Harsimns Cove Constrnct'n..
Harsimus Cove R. E., etc —

2,525,961
1,009,231

45,862
33,424

75,540
20,366

3,683

43,617
10,000

38,200

27,650

12,557

Total

16.524,449

1 243638

1 034 044

459 819

407 716

292 956

305 349

210,351

The total to Dec. 31, 1897, has been expended as
follows: For construction, general, $13,897,940.21; for
real estate, general, $2,734,296; for right of way
and real estate, Harsimus Cove, $1,073,022.73; con-
struction, Harsimus Cove property, $2,773,070.31—
total cost of construction, real estate, etc., $20,478,-
329.25. This amount has been obtained from sale of
bonds, materials, etc., $7.613,355.72; stock issued to
Pennsylvania RR. Co., $3,000.000— total. $10,613,355.-
72. Debit balance. Dec. 31, 1897, $9.864, !»73.53.

Gross earnings, 1897, including Delaware and Rarl-
tan Canal, $19,012,577.28; expenses, railroad and
oanal, $13.910,753.48; net earnings. $5.101,823.80.
Add Interest from investments, $231,193.82. Total
net revenue, $5,333,017.62. Paid interest on bonds,
on mortgages and ground rents, organization expen-

ses, salaries, etc., 10 p. c. dividends (paid Jan., April,
July and Oct.), $4,852,297.48. Net profit to lessee,
$480.720.14.

Financial Statement, Dec. 31, 1897.— Capital stock,
$21,990,627.50; funded debt, $20,001.625; bonds and
mortgages, $608,142.75; Penn. RR. Co.— sinking
funds, real estate, construction, etc., $10,062.655.08;
undivided premium and discount. $46,847.91; balance
of assets over liabilities, $472,455.40— total, $53,-
182,353.64. Contra: Cost of railroads, canals, real
estate, steamboats, etc., $4'6,193,196.35; stocks, $4,-
320,049.25; bonds, $1.105.600; advances, $494,135.58;
other properties, $380,777.27; cash, and cash items,
$509.821.41: due by Penn. RR. Co., $178,173.78—
total, $53,182,353.64,

636 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement of operations, etc., U. RR. N. J. Division for eight years:

1890

1891

1892

1893

1894

1895

1896

1897

Eailroad.
Miles of Railroad

447.54
5,659,361
5,938,997
21,305,187
365,383,601
14,953,268
851,308,241
$
7,654,361
9,850,678
924,695

449.97

5,874,460
5,892,396
21,656,267
364,612.197
15,062,933
862,696,675
$
7,586,479
9,987,487
1,021,452

455.08
6,225,237
5,573,699
26,715,862
383,489,481
15,000,340
809-961.930
$
7,828,484
9,752,601
1,061,265

462.66
6,325,962
5,873,940
21,773,258
364,647,900
15,802,754
857,388.780

7,540,937
9,924,995
1,022,685

461.48
5,789,839
5,516,586
19,326,607
335,977,081
14,921,586
814,096,233

6,944,869
9,392,910
1,108,523

454.75
5,756,479
5,586,985
17,507,733
332.893,364
16,498,034
910,194,224

s

6,906,924
10,094,250
1,372,660

458.04
5,907,027
5,442,313
16,257,576
321,406,154
15,796,716
886.030,519
$
6,741,654
9,852,277
1,417,745

466.42
5,877,851
5,563,908
16,098,257
326,075,553
16,515,003
947,044.984
$'
6,845,883
10,439,561
1,489,835

Passenger Tram Miles
Freight Train Miles

Passengers Carried

Freight (tons) Moved

Freight (ton) Miles

Passenger Earnings

Freight Earnings

Miscellaneous

Gross Earnings

18,429,734
13,867,752

18,595,418
14,542,564

18,642,350
14,777,613

18,488,fil7
14,487,680

17,446,302
12,636,834

18,373,834
13,598,803

18,011,676
13,256,570

18,775,2^
13,635,483

Operating Expenses

Net Traffic Earnings. . .

Gross Earnings per Mile
Gross Expenses pef Mile. . .
Net Earningsper Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile .

Canal.
Tolls

4,561,982

41,180 08
31,210 06
9,970 02
75. 25 p. c.
1.919C.
1.157C.

8

254,680
249,136
5,397

4,052,854

41,325 90
32,318 96
9,006 94
78.21 p. c.
1.908C.
1.158C.

8

187,611
212,563

3,864,737

40,96499
32,472 56
8,492 43
79.27 p. c.
1.872C.
1.204C.

158,128
201,177
2

4,000,937

39,961 56
31,313 88
8,647 68
78.36 p. c.
2.068c.
1.158C.

$

130,895
186,217
29

4,809,468

38,997 12
28,448 94
10,548 18
72. 95 p. c.
1.860C.
1.154C.

118,284
169,348
8

4,775,031

40,404 26
29.903 99
10.500 26
74.01 p. c.
1.861 c.
1.109C.

106,061
168,367
10

4,755,106

39,323 37
28,941 95
10,381 42
76.38 p. c.
1.868 c.
1.112 C.

S
106,194
149,254
5,434

5,139,796

40,254 02
29,2*4 34
11,01968
72.62 p. c.
1.864C.
1.102C.

$
102,878
128.620
5,800

Steam Towing, etc

Miscellaneous

Gross Earnings

509,163

102,869
121,039
191,418

400,174

97,6:2
114,487
151,126

359,307

76,527
110,654
171,156

317,141

70,002
108,397
153,072

287,640

64,755
93,573
141,995

274,438

65,550
94,059
149,256

260,882

70,793
86,367
135,684

237,298

60,771
81,809
132,690

Maintenance

Operations

Steam Towing.

Gross Expenses. ...

Net Earnings.

415,326

363,225

358,337

331,471

300,323

308,865

292,845

275,270

94,837

36,949

970

D. 14,330

D. 12,683

D. 34,427

D, 31,963

D. 37,972

The funded debt consisted Dec. 31, 1897, of seven separate issues, as follows:

1. Gen. mtge. gold 6 p. c. loan, dated March 1, 1873, due March 1, 1901, coup., March and Sept

2. Gen. mtge. gold 6 p. c. loan, dated March 1, 1875, due March 1, 1901, coup., March and Sept

3. Gen. mtge. gold 6 p. c. loan, dated Sept. 1, 1876, due March 1, 1901, coup., March and Sept

4. Gen. mtge. gold 6 p. c. loan, dated Sept. 2, 1878, due Sept. 1, 1908, registered int., March & Sept

5. Gen. mtge. gold 4 p. c. loan, dated Feb. 1, 1883, due Feb. 1, 1923, registered int., Feb. and Aug..

6. Gen. mtge. gold 4 p. c. loan, dated Sept. 1, 1889, due Sept. 1, 1929, registered int., March & Sept.

7. Gen. mtge. gold 4 p. c. loan, dated March 1, 1894, due March 1, 1944, registered int., M. & S

$3,000,000

2,300,000

369,000

841,000

1,824,000

6,020,000

5,646,000

The several issues of gen. mtge. bonds are all
secured under one mtge. and cover the entire 'property
of the company. They are $1,000 gold bonds, interest
payable at the agency of the company in Philadel-
phia, and at the National Bank of Commerce in
New York. Coup, bonds may be registered in New
York by the Farmers' Loan and Trust Co.; in Phila-
delphia by S. E. Dickey, at the office of the Pennsyl-
vania RR. Co., and in London by the Joint Stock
Bank, Limited. Trustee of gen. mtge.: Fidelity Ins.,
Trust and Safe Deposit Co., Philadelphia, Pa. Stock
must be owned for 20 days before annual meeting
to entitle holder to vote.

Directors, United Cos. (elected May, 1898).— John
C. Barren, New York, N. Y.; Henry W. Green,.
Trenton. N. J.; F. Wolcott Jackson, Newark, N. J.;
Joseph D. Bedle, Jersey City, N. J.; Henry P.
MoKean, J. Lowber Welsh, J. Bayard Henry, Phila-
delphia, Pa.; Wm. W. Astor, Alfred Van Santvoord,
New York, N. Y.; Thomas Oakes, Bloomfleld, N. J.;
Samuel S. Dennis, Newark, N. J.; M. Taylor Pyne,
Princeton, N. J. State Director, William Campbell
Clark, Newark, N. J. Officers: F. Wolcott Jackson,
Pres.; A. Van Santvoord, Vice-Pres.; Leroy H.
Anderson, Sec. & Treas. Corporate Office, 100 Clin-
ton St., Trenton, N. J.

Vlnceiitown Branch RR.— Ewansville to
Vincentown, N. J., 2.84 m.; track (steel), 3.39 miles.
Leased June 1, 1868, to C. & A. RR. Co.; operated by
Penn. RR. Co. Rental, 6 p. c. on $15,000 of the
capital stock, and interest on bonds. Capital stock,
$25, 000. Funded debt overdue (owned by Penn. RR.
Co.), $15,000. Cost of road, etc., $40.000. Wm. J.
Sewell, Pres., Camden. N. J.; F. W. Schwarz, Sec.;
John M. Wood, Treas., Philadelphia, Pa. General
Office, Broad Street Station, Philadelphia, Pa.

"West Chester RR.— Zermatt to West Chester,
Pa., 5.22 m. ; total track (steel, 5.22 m.), 7.12 miles.
Inc. Feb. 18, 1831; road opened Sept. 13, 1832.
Leased to Penn. RR. Co. for 99 years from Aug. 6,
1879. Rental, 1897, $12,967, being equal to taxes,
$967; interest on bonds, $3,750; dividend (2J p. c.
each on the 6th of Feb. and Aug.), $8,250. Capital
stock, $165,000; funded debt (1st mtge. 5 p. c. reg.
40-yr. bonds, due Sept. 1, 1919, interest March and
Sept., auth. $165,000), $75.000; unfunded debt, $3—
total, $240,003. Contra: Construction, $240,000; other
assets, $3— total, $240,003. Interest payable at Penn.
RR. Co. 's office, Philadelphia, Pa. John P. Green,
Pres.; F. W. Schwarz, Sec.; J. S. Vanzandt, Treas..;
Philadelphia, Pa. Corporate Office (office Penn. RR.
Co.), Philadelphia, Pa.

Western Pennsylvania. RR. — Bolivar to
Butler, Pa., 70.67 m.; Butler June, to Allegheny
City, 27.60 m.; branches, 39.20 m.— total, 137.47 m.;
2d track, 29.05 m. ; 3d track, 4.42 m. ; 4th track, 3.20
m.; sidings, etc., 57.75 m.— total (steel, 226.48 m.),
231.89 miles. Chartered Feb. 9, 1853, as N. W. Penn.
RR. Co.; sold under foreclosure July 5, 1859; existing
company organized March 1, 1864. Main line opened
to Blairsville in Aug., 1865; exfended to Bolivar in
1883; Butler branch opened in June, 1870. Leased to
the P. RR. Co. Rental in 1897, $275,375. Expenses
and taxes, $6,183. Net income, $269,192. Pay-
ments: Interest on bonds, $160,000; dividends (Jan.
15 and July 15, 3 p. c. each), $106.500; other charges,
$2,692— total, $269,192. Capital stock (par, $50), $1.-
775,000; funded debt, consol mtge. 4 p. c. 40-yr. gold
bonds, due June 1, 1928, interest June and Dec.. $4,-
000.000; mtges. and ground rents payable, $77,403;
accrued interest, etc., $18.060; profit and loss. $1.-
i 106,802— total, $6,977,265. Contra: Cost of road. $6.-
604,321; other investments, $10,000; other assets,

POOR'S MANUAL— PENNSYLVANIA RR. SYSTEM.

637

$362,944— total, f6,977,265. The total authorized Is-
sue of the bonds of 1928 Is $5,000,000. The bonds are
for $1,000 each, in coup, form, with privilege of
registration, and are guaranteed, principal and In-
terest, by the Penn. RR. Co. John P. Green, Pres.;
Samuel Rea, Vlce-Pres. ; Albert Hewson, Sec.; Taber
Ashton, Treas., Philadelphia, Pa. Corporate Office,
Broad Street Station, Philadelphia, Pa.

Yorfc, Hanover and Frederick: RR.—

Hanover, Pa. to Frederick, Md., 55.65 m.; total track
(steel, 55.71 m.), 63.59 miles. Organized March 1,
1897. Consolidation of the Frederick and Pennsyl-
vania Line RR. and the Hanover and York RR.

Cos. Operated by the Pennsylvania RR. Co.
under contract for cost. Rental period ending
Dec. 31, 1897, $10,542. Paid interest on bonds,
$4,000; expenses and taxes, $7,661— total, $11,661.
Deficit, $1,119. Financial Statement, Dec. 31, 1897.
—Capital stock ($50 shares), $400,000; funded debt
(1st mtge. 4 p. c. 30-yr. bonds, due May 1, 1927, in-
terest May and Nov. auth., $400,000), $150.000; un-
funded debt including interest, $9,074— total, $559,-
074. Contra: Cost of road and equipment, $555.-
074; cash. $881; profit and loss, $3,119— total, $559.-
074. Samuel Rea, Pres.; Taber Ashton, Treas.;
Albert Hewson, Sec., Philadelphia, Pa. Corporate
Office, Broad Street Station, Philadelphia, Pa.

Board of Directors, Pennsylvania RE. Co., elected March 22, 1898.

Frank Thomson. . .Philadelphia, Pa.

Alexander M. Fox,

Alexander Biddle. .

N.Parker Shortridge, Wynewood, Pa.

William L. Elkins.. Philadelphia, Pa.

Alexander J. Cassatt, Haverf ord, Pa.
Clement A. Gri scorn, Philadelphia, Pa.
Benj. B. Comegys..

Amos R. Little

Win. H. Barnes

George Wood Philadelphia, Pa.

C. Stuart Patterson .. " "

Effingham B. Morris, "

John P. Green "

Charles E. Pugh... " "

e

Sutherland M. Prevost Philadelphia, Pa.

FRANK THOMSON, President Philadelphia, Pa.

1st Vice-President—Jnhn P. Green — Philadelphia, Pa.
2(1 Vice-President— Ch&e. E. Pugh....

3d Vice-President—S. M. Prevost

\stAsst. to President— Samuel Rea —

Secretary— John C. Sims

Agst. Secretary— Lewis Nelson

PRINCIPAL OFFICE AND ADDRESS Broad Street Station, Philadelphia, Pa.

Treasurer— Robert W. Smith Philadelphia, Pa.

Asst. Treas.— ¥. Frank Hunter

Gen. Manager— 3. B. Hutchinson

Chief Engineer — Win. H. Brown

Comptroller — Robert W. Downing —

Asst. Comptroller— fS.. Riebenack "

PENNSYLVANIA RR. SYSTEM.— AFFILIATED OR CONTROLLED LINES.
ALLEGHENY VALLEY RAILWAY COMPANY.

Lines of Road.— River Div.: Pittsb. to Oil City, Pa.. . 132.5 m.

Plum Creek Branch : Verona to Coal Works, Pa 7.9 m. — 140.4 m.

Low Grade Division: Red Bank to Driftwood, Pa 109*. 7 m.

Sligo Branch : Lawsonham to Sligo, Pa 10.2 m.— 119.9 m.— 260.3 miles.

2d track, 19.51 m.; sidings, 112.48 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 and 85 Ibs.

History. — Reorganization March 2, 1892, of the Allegheny Valley RR. Co., whose prop-
erty was sold under foreclosure Dec. 15, 1891. (See MANUAL for 1893.) Controlled by Penn-
sylvania RR. Co. through ownership of a majority of the capital stock.

The Brook ville Ry. (see page 64) was built by this company under a separate charter, and
is leased to the lumber firm of Heidrick & Matson Co. of Brookville, Pa.

ALLEGHENY VAEEET

RAILWAY

AND CONNECTIONS

638

POOR'S MANUAL OP RAILROADS — RAILROAD "SYSTEMS."

Rolling Stock, Dec. 31, 1897. — Locomotives, 83. Cars — passenger, 46 ; baggage, mail,
and express, 22 ; freight (box, 464 ; stock, 1 ; flat, 29 ; coal, 2,443 ; caboose, 30), 2,967 ; other
cars, 42— total cars, 3,077.

Operations, year ending Dec. 31, 1897. — See tabulated statement below.

Earnings— Passenger $625,417 57

Freight 1,827,60440

Mail and Express 70,718 50

Miscellaneous 29,394 14

Total ($9,808.43 per mile) $2,553,134 61

Expenses — Conducting Transportation..
Maintenance of Equipment. .

Maintenance of Way, etc

General...

$740,129 96
315,407 88
366,533 50
56,194 53
Total ($5,679.09 per mile) $1,478,265 87

Net earnings (42.09 p. c.), $1,074,868.74. Payments : Interest on bonds, $978,758.06 ; on
real estate mtges. and ground rents, $6,901.78 ; State and local taxes, $55,331.15 ; real estate.
$7,675; new equipment, $25,631.38— total, $1,074,297.37. Surplus, $571.37; deficit for-
ward, $1,051,320.03 ; net deficit, $1,050,748.66.

General Balance Sheet, Dee. 31, 1897.

Common Stock (shares, $50) $10,544,200 00

Preferred Stock (shares, $50) 16,722,550 00

Funded Debt Outstanding 16,696,000 00

Preferred Stock Scrip 2,530 97

General Mtge. Bond Scrip 544 68

Current Accounts 210,333 13

Bonds and Mtges. on Real Estate 1,564 73

Interest on Bonds Due and not Paid 17, /92 28

Interest on Bonds Accrued 278,191 69

Total Liabilities $44,473, ;07 48

Cost of Road $41,269,012 68

Cost of Rolling Stock 1,744,531 85

Materials and Fuel 127,868 37

Current Accounts 178,279 43

Cash on Hand and in Transit 103,266 49

Profit and Loss 1,050,748 66

Total Assets $44,473,707 48

Statement of operations, capital accounts, etc., for eight fiscal years, ending Dec. 31 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad.

259.4
675,042
1,202,933
123,347
1,557,899
26,850,371
46.329,290
224,999,936
$
651,793
1,839,627'
100,680

259.4
713,236
1,131,400
124,274
1,644,267
29,956,049
4,268,575
208,419,114
$
700,284
1,743,100
105,410

259.4
754,609
1,237,912
165,005
1,727,432
31,275,741
4,824,914
217,947,737
$
735,291
1,815,643
85,762

259.4
800,776
1,195,205
123.246
1,611,270
28,605,729
4,634.172
206.470,194
$
689,672
1,658,256
88,888

259.4
815,135
942281
126.972
1,404,802
24,997,146
4,537,183
1&848.0M
$
620,294
1,472,414
83,999

260.3
818,047
1,229,116
159,272
1,434,540
27,581,060
5,808,790
244,590,823
$
643,769
1,834,280
80,490

260.3
817,454
1,130,351
141,767
1,458,050
27.980,531
5,393.660
199399335
$
627,292
1,618,378
95,943

260.3
824,447
1,212,944
129,809

1,JS2,2(I5
27,499,172
6,151,299
•24ti.(ios 601
$
625,418
1,827,604
100,113

Passenger Train Miles

Freight Train Miles

Other Train Miles

Passengers Carried

Passenger Miles

Freight (tons) Moved

Freight (ton; Miles
Passenger Earnings . . .

Freight Earnings
Miscellaneous

Gross Earnings

2,592,100
1,467,449

2,548,794
1,521,941

2,636,696
1,603,002

2,436,816
1,559,789

2,176,707
1,351,780

2,558.539
1,569,655

2,341,613
1,509,104

2,553,135
1,478,266

Operating Expenses

Net Earnings

1,124,651

10,008 11
5,605 83
4,34228
56.61 p. c.
2.427 c.
1.431 c.
0.996 c.
0.818 c.
0.482 c.
0.336 c.

A

$

2,166,500
25,928,700
71,398
6,457,780
918,516
31,000

1,026,853

9,849 90
5,876 22
3,964 68
59.71 p. c.
2.338c.
1.315C.
1.023c.
0.836C.
0.541 c.
0.295 c.

llegheny Fj

$

2,166,500
25,932,400
37,465
6,667,875
1,058,712
21,121

1,038,694

10,180 29
6,189 19
3.991 10
60. 77 p. c.
2.351 c.
1.388C
0.963c.
0.833 c.
0.536C.
0.297C.

/. RR. Co.

26,190,650
17,072,000
1,565

877,027

9,408 55
.6,022 35
3,386 20
64. 02 p. c.
2.410C.
1.518c.
0.892c.
0.803c.
0.545C.
0.258c.

26,208,100
16,978,000
1,565

824,927

8,404 28
5,219 23
3,185 05
62. 04 p. c.
2.48Ic.
1.572C.
0.909 c.
0.775 c.
0.505C.
0.270 c.

A. V.I

%

26,440,550
16,886,000
1,565

QQQ CKM
JJOOjOCT*

9.919 24
6,060 44
3,858 80
61. 10 p. c.
2.334C.
1.893 c.
0.441 c.
0.750C.
0.428C.
0.322 c.

Jy. Co.

27,013,900
18,929,000
1,565

832,509

9,040 98
5,826 66
3,214 32
64. 43 p. c.
2.242 c.
1.803 c.
0.439 C.
0.812 c.
0.504 c.
0.308 c.

$

27,266,400
16,810,000
1,565

1,074,869

9,808 43
5,679 09
4,129 34
57.91 p. .C
2.274C.
1.804C.
0.470 c.
0.741 c.
0.398c.
0.343C.

27,266,750
16,696,000
1,565

Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile
Av. Cost per Pass, per Mile
Av. Profit per Pass, per Mile
Av. Rate per Ton per Mile.
Av. Cost per Ton per Mile..
Av. Profit per Ton per Mile

Capital Stock . . ,

Funded Debt

Bonds and Mtges

Pennsylvania RR. Co
Sundry Accounts

739,537
22,117

818,697
14,610

1,007,090
20,066

622,867
16,603

465,931
4,103

506,316
3,076

Other Liabilities

Total Liabilities. . . .

35,573,983

21,683,453
2,366,087
235,917
120,618

35,883,873

21,683,453
2,366,087
235,917
180,901
180,239

369,736
10,807,540

44,025,869

41,099,691
1,614,767
23,592
218,270
177,984

91l',8i9
39,746

44,020,972

41,160,883
1,702,240
23.592
190,429
104.277
276,400
246,356
316,795

44,355,271

41,205,405
1,691,915
23,592
171,047
100,679
182,432
335,035
645,116

46,583,935

41,200,637
1,691,915

44,547,999

41,268,710
1,744,532

44,473,707

41,269,013
1,744,532

Construction ....

Equipment

Stocks and Bonds .

Materials and Supplies.
Sundry Accounts \

186,533
150,694
2,180,413
340,811
832,932

135,852
159,571

127,868
178,279

Other Assets
Gush on Hand

223,830
253,468
10,690,610

183,014
1,051,320

103,266
1,050,749

Profit and Loss

Total Assets

35,573,983

35,883,873

44,025,869

44,020,972

44,355,271 46,583,935

44,547,999

44,473,707

POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM. 639

Total authorized capital stock (preferred 3 p. c. cumulative, $18,000,000 ; common,
$12,000,000), $30,000,000. The increase of $350 (7 shares) in preferred stock during the past
year was in settlement for income bonds of the old company and the conversion of stock
scrip.

Funded debt ($16,696,000) consisted, Dec. 81, 1897, of the following :

1st mtge. (Riv. Div., 139 m.) 7.3 p. c. 30-yr. bonds, due March 1, 1896, interest ceased $6,000

1st mtge. (Low Grade Div., 120 m.) 7 p. c. bonds, dated April, 1869, due April 1, 1910, int. A. & 0... 9,998,000

2d mtge. (Low Grade Div., 120 m.) 5 p. c. bonds, dated April, 1869, interest Jan. and July 1,200,000

Gen. mtge. (entire line) 4 p. c. 50-yr. gold bonds, due March 1, 1942, interest March and Sept 5,492,000

The 1st mtge. River Division bonds, all but $6,000, were paid off to Dec. 31, 1897, out of the fund pro-
vided for that purpose, $1,000 of the remainder have been paid since, leaving $5,000 outstanding on March 1,
1898. The 1st mtge. Low Grade Division bonds are for $1,000 each, in coupon form; 2d mtge. bonds are regis-
tered; the gen. mtge. bonds are for $1,000 each, coupon or registered. Trustees: River Division bonds, Town-
send Whelan and James B. Murray, Pittsburgh, Pa. ; Low Grade Ists, W. J. Howard, Philadelphia, Pa.
Interest on Low Grade Division Ists payable at Penn. RR. Co.'s office, Philadelphia, Pa.

The 2d mtge. bonds become due and are payable $100,000 a year, from and after Jan. 1, 1875. The
original amount was $3,500,000, and to Jan. 1, 1898, 23 annual payments had been made, reducing the amount
to $1,200,000. Interest payable at company's office, Pittsburgh, Pa.

The gen. mtge. bonds were issued under the plan of reorganization. They are unconditionally guaranteed,
both as to principal and interest, by the Penn. RR. Co., by endorsement on each bond. Authorized amount,
$20,000,000, of which $17,100,000 (being the principal and 8 p. c. additional of the prior liens not divested of
their security) were reserved to retire the prior liens at maturity, and $1,000,000 for improvements and better-
ments to the property. In June, 1895, the company sold $4,000,000 of these bonds, the proceeds of which were
applied to the redemption of $4,000,000 River Division 1st mtge. bonds that became due March 1, 1896. During
1896 $101,000 of these bonds were issued, $100,000 to provide for the $100,000 Low Grade Division 2d mtge.
bonds maturing Jan. 1, 1897, and $1,000 for an equal amount of bond scrip converted. The increase of $1>000
during 1897, was for $1,000 of bond scrip converted. Interest payable at Penn. RR. Co.'s office, Philadelphia,
Pa. Trustee: Fidelity Title and Trust Co.. Pittsburgh. Pa.

The Penn. RR. Co. agrees to purchase the interest on the 1st 7s of 1910 as it falls due, and the bonds
themselves at maturity. During 1896 the coupons which had been purchased and were held by the Penn. RR.
Co. were paid off with preferred stock. The Low Grade Division Ists are a 2d mtge. on the River Division.

Directors (elected April 4, 1898).— W. H. Barnes, John P. Green, C. Stuart Patterson,
P. A. B. Widener, Samuel Rea, Philadelphia, Pa. ; John B. Jackson, Henry A. Laughlin,
Pittsburgh, Pa.

W. H. BARNES, President Philadelphia, Pa.

Secretary— Stephen W. White Philadelphia, Pa. I Auditor— Theodore F. Brown Pittsburgh, Pa.

Treasurer— Thomas R. Robinson Pittsburgh, Pa. | General Supt.— David McCargo. "

PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.

PENNSYLVANIA RR. SYSTEM.— AFFILIATED OR CONTROLLED LINES.
CUMBERLAND VALLEY RAILROAD COMPANY.

Main Line of Road. — Harrisburg, Pa., to West Virginia State Line 82.20 miles.

f Dillsburg and Mechanic sburg RR. (see p.- 641) 7.70 m.

T H J Cumberland Volle>i and Martinsburg RR. (see p. 641) 33.65 m.

5 : | Southern Pennsylvania RR. and Mining Co. (see p. 641). . .21.40 m.— 62.75 "
[ Mont Alto RR. : Waynesboro, Pa. , to Junction C. V. RR 18.20 "

Total length of all lines operated, Dec. 31, 1897 163.15 miles.

2d track (owned), 9.66 m.; sidings (owned, 44.66 m.; leased, 16.87m.), 61. 53 miles. Gauge,
4ft. 8*m- Rail— steel (owned, 82.20 m.; leased, 80.95 m.— total, 163.15 m.), 50, 60, and
70 Ibs.

History. — Consolidation, May 31, 1865, of the Cumberland Valley and the Franklin RR.
Cos. (See MANUAL for 1892.)

Rolling Stock, Dec. 31, 1897. — Locomotives, 31. Cars — passenger, 50 ; baggage, mail,
and express, 14 ; freight (box, 316 ; flat, 14 ; stock, 27 ; coal, 284 ; caboose, 10), 651 ; other,
38— total cars, 753.

Operations, year ending Dec. 31, 1897 (main line, 82.20 miles). — Train mileage — pas-
senger, 358,392 ; freight, 164,279— total, 522,671 miles. Passengers carriBd, 770,219 ; carried
one mile, 19,141,172; average mile rate, 2.158 cents. Tons freight moved, 762,726; moved
one mile, 32,367,470 ; average ton-mile rate, 1.276 cents.

Expenses — Conducting Transportation $256,272 50

Maintenance of Equipment 101,003 49

Maintenance Way <fe Buildings. . . 106,275 32
General 29,89575

Earnings— Passenger $251,745 55

Freight 413,066 59

Mail and Express 42,947 39

Miscellaneous 3(i,718 65

Total (89,059.1 1 per mile) $744,478 18

Total ($6,004.38 per mile) $493,447 06

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

Net earnings (33. 72 p. c.), $251,031. 12. Payments: Interest on bonds, $21,640 ; divi-
dends on stocks (J., A., J. & 0., 2 p. c. each, both common and preferred), $142,228 ; taxes,
$17,841.92 ; loss from operation of C. V. & M. ER., $4,493.53— total, $186,203.45. Surplus,
$64,827.67 ; surplus forward, $560,433.24— total ($625,260.91, plus item credited during year,
$4,880.87), $630,141.78.

Statement of earnings, expenses, etc. (all lines), year ending Dec. 81, 1897 :

Main Line.
(83.20 m.)

Cumberland
Valley and
Martins- '
burg RR.
(33.65 m.)

Dillsburg and
Mechanics-
burg RR.
(7.70 m.)

So. Penn. Ry.
and Mining
Co.
(21.40 m.)

Mont Alto
RR.

(17.89 m.)

All Lines
(162.8 m.)

Passenger Earnings

$
251,745 55
413,060 59
79,666 04

$
22,082 36
24,343 04
6,051 51

$
6,371 51
6,293 81
98651
3

$
8,55724
13,294 58
3,85417

t

12.987 64
14,613 07
2,73729

$
301,744 30
471,616 09
93,294 52

Freigb t Earnings

Mail, Ex., etc., Earnings..
Gross Earnings

744,478 18
493,447 06

52,480 91
56,974 44

13,651 85
11,420 0

25,705 99
23,056 90

30,33800
26,632 39

866,654 91
611,530 84

Operating Expenses

Net Earnings

251,031 12

*4,493 53

2,231 78

2,649 09

t3,705 61

255,124 07

* Deficit, t Against the net earnings of this road there was charged $5,522.33, for real estate purchased,
which was advanced by the operating company, thus leaving a deficiency of $1,816.72 in meeting all expendi-
tures for the year.

General Balance Sheet, Dec. 31, 1897.

Cost of Road, Equipment and Real Estate.$2,137,404 30

Trustees of Contingent Fund 374,441 62

Materials on Hand 62,365 47

Cash 43,375 62

Due from Agents 14,478 95

Due from Foreign Roads on Freight Acct. 19,173 44

Other Assets 84,033 87

Total Assets $2,835,273 27

Capital Stock (shares, $50) $1,777,850 00

Funded Debt (see below) 270,500 00

Dividends and Interest Due 37,739 50

Audited Vouchers and Accounts 56,224 45

Due Foreign Roads on Passenger Account. 10,196 00

Other Liabilities 52,621 54

Profit and Loss 630,141 78

Total Liabilities $2,835,273 27

The capital stock consists of $241,900 1st preferred, $243,000 2d preferred, and $1,292,950
common. Preferred stock is guaranteed dividends of 8 p. c. per annum. Preferred stock and
8 p. c. bonds were formerly interchangeable.

The funded debt consists of two series of bonds, viz. : 1st mtge. 8 p. c. bonds, due April 1, 1904 (auth.
$450,000), $161,000; 2d mtge. 8 p. c. bonds, due April 1, 1908 (auth. $352,000). $109,500. Denomination of
bonds, $500 and $1,000; coup, and registered forms. Interest payable April and Oct., at Philadelphia and at
Chambersburg. Trustees: Frederick Watts, James McCormick, and Henry J. Biddle.

Statement of operations, etc. (all lines), for eight years ending Dec. 31 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles) of Railroad

144 93

144 93

144 93

144 93

162 82

162.82

162.82

162.84

Passenger Train Miles .
FreighcTrain Miles . . .
Passengers Carried
Passenger Mi les

319,618
189.346
835,238

13,298,522

435,481
322,870
860,070
16,275,579

445,212

217,896
922,726
15,982,096

439,265
225,846
899,800
15,560,577

403,518
215,447
850,878
13,306,726

420,497
216,458
904,222
14,436,117

426,970
216,760

883,478
14,530 286

471,641
216,456
849,894
14,315,632

Freight (tons) Moved..
Freight (ton) Miles. . . .

Passenger Earnings
Freight Earnings

1,240,286
49,902,130

$

353,389
619 126

950,277
42,295,855

$

356,722

547,807

1,051,711
40,897,718

347,314
534478

971,706
44,877,801

322,567
498 197

792,555
41,770,083

296,552
464 552

876,265
42,611,689

307,599
498 264

834,734
40,581,639
$

308,470
468,664

782,052
35,251,527
$
301,744
471,616

Miscellaneous Earnings..

64,375

69,847

74,430

72,840

70,542

83,294

85,262

93,295

Gross Earnings

1 036 883

974,376

956,222

893 604

831 647

889 157

862,396

866,655

Expenses, Taxes, etc

785,482

778,598

731,217

715,684

602,946

673,058

656,831

633,079

Net Earnings

221 401

195,778

224 505

177 920

228 701

216099

205,565

233,576

Interest

21 640

21 640

21 640

21 640

21 640

21 640

21,640

21,640

Dividends

142*228

142228

142' 228

142 228

142 228

142228

142,228

142,228

Balance, Surplus

57,533

13,325

60637

14 052

6-1 832

52,231

41,697

69,708

Gross Earnings per Mile.
Gross Expenses per Mile.
Net Earnings per Mile. . .
Expenses to Earnings.
Av. Rate p. Pass. p. Mile
Av. Rate p. Ton p. Mile..

7,154 37
5,32725
1,827 12
74.46 p. c.
2.65c.
1.84 c.

6,708 26
5,360 39
1,34787
79.91 p. c.
2.19c.
1.29c.

6,597 81
4,93358
1,66423
74.78 p. c.
2.18c.
l.Slc.

6,165 77
4,938 14
1,227 63
80.09 p. c.
2.07c.
l.llc.

6,107 70
3,703 14
1,40456
72.51 p. c.
2.23c.
l.llc.

5,44994
4,12539
1,32455
75.69 p. C.
2.13C.
1.17C.

5,28591
3,895 96
1,389 95
73.71 p. c.
2.12 c.
1.12c.

5,32270
3,88821
1,43456
73.05 p. c.
2.11 c.
1.33c.

POOR S MANUAL — PENNSYLVANIA RR. SYSTEM.

641

RAILROADS LEASED BY THE CUMBERLAND VALLEY RR. Co.

Cumberland Valley and Martinsbarg
RR.— Winchester, Va., to Potomac River, W. Va.,
33.65 m.; total track, 40.12 miles. Organized March
17. 1888, as successor to the Martinsburg and Poto-
mac RR. Co., whose property was sold under fore-
closure on Nov. 17, 1887. The extension from Martins-
burg, W. Va., to Winchester, Va., 22 m., was built
In 1889. Leased to the Cumberland Valley RR. Co.;
rental contingent on earnings. Gross earnings; year
ending Dec. 31, 1897, $52,481. Expenses and taxes,
$56,346. Deficit, $3,866. Capital stock ($100
shares), $700,000. No funded debt. Moorehead C.
Kennedy, Pres., Chambersburg, Pa.; M. T. Ingels,
Sec., Martinsburg, W. Va.; Jas. B. Russell, Treas.,
Winchester, Va. Corporate Office, Martinsburg, W.
Va.

Dillsbnrgr and Mechanlesbursr Kit. -
Dillsburg to Mechanlcsburg, 7.7 m.; total track (steel,
5.5 m.), 13 miles. Rail, 56 Ibs. Chartered in 1870;'
road opened in 1873. Leased for 99 years, Jan. 1,
1873, to the Cumberland Valley RR. Co.; rental, net
earnings— in 1897, $2,232; Paid interest on bonds,
$6,000; Deficit, $3,768. Financial Statement, Dec.
31. 1897.— Capital stock, $89,800; funded debt (1st
Feb. and Aug., at Phila.), $100,000; unfunded debt,
$33,354— total, $223,154. Contra: Cost of road and
equipment. $215,794; profit and loss, $7,361— total,
$223,154. Thomas B. Kennedy, Pres.; W. M. Biddle,
Sec. & Treas., Chambersburg, Pa. Corporate Office,
Chambersburg, Pa.

Mont Alto RR.— Waynesboro", Pa., to June. C.
V. RR., 17.89 m. ; total track, 19.89 miles. Gauge,

4 ft. 9 in. Rail (steel, 16.89 m.), 50 and 56 Ibs.
Incorp. May 4, 1864; organized Nov. 17, 1871. Leased
to and operated by the C. V. RR. Co.; rental, con-
tingent on earnings. Gross earnings, 1897, $30,338.
Expenses and taxes, $26,632. Net earnings, $3,706.
Financial Statement, Dec. 31, 1897.— Capital stock
(shares, $25; auth., $500,000), $110,000; funded
debt (1st mtge. 6 p. c. $1,000 coup, bonds, due Dec.
1, 1896, interest June and Dec.), $125,000; current
liabilities, $154.632— total, $389,632. Contra: Cost
of road, etc.. $240,522; other assets, $2,469; profit
and loss, $146,641— total, $389,632. No interest paid
since Dec., 1877. M. C. Kennedy, Pres.; E. B.
Wiestling, Sec., Chambersburg, Pa. General Office,
Chambersburg, Pa.

Southern Pennsylvania Ry. and Min-
ing Co.— S. P. June, to Richmond, Pa., 21.40 in.;
total track, 22.88 miles. Chartered in 1869, as S. P.
Iron & RR. Co. ; road opened in 1871. Reorganized
after foreclosure sale in 1873, under present title.
Leased to C. V. RR. Co., rental contingent upon earn-
ings. Gross earnings, 1897, $25,706. Expenses and
taxes, $23,057. Net earnings. $2,649. Financial State-
ment, Dec. 31, 1897.— Capital stock (shares, $50),
$800,000; 1st mtge. 7 p. c. 30-yr. bonds, due in 1900,
$625,000; current liabilities, $130,782— total, $1,555,-
782. Contra: Cost of road, $1,426,424; other liabili-
ties, $38,780; profit and loss, $90,578— total, $1,555,-
782. No interest paid since March 1. 1875. Thomas
B. Kennedy, Pres.; W. L. Ritchey, Sec., Chambers-
burg, Pa. Corporate Office, Chambersburg, Pa.

Board of Directors, Cumberland Valley RR. Co., elected Oct. 4, 1897.

Edward B. Watts Carlisle, Pa.

M. C. Kennedy.. Cbambersburg, Pa.

Thos. B. Kennedy. Chambersb'g, Pa.

John Stewart

A. J. Cassatt Haverford, Pa.

Prank Thomson. . .Philadelphia, Pa.
John P. Green ....

J. Herman Bosler Carlisle, Pa.

John N. Hutchinson.Philad'phfa,Pa.

Spencer C. Gilbert Harrisburg, Pa. | Samuel Rea Philadelphia, Pa.

THOMAS B. KENNEDY, President Chambersburg, Pa.

Vice- President— M. C. Kennedy Chambereburg, Pa. I Auditor — W. L. Ritchey Chambersburg, Pa.

Sec. & Treas.— W. M. Biddle " | Supt. <& Purch. Agt.—J. P. Boyd...

PRINCIPAL OFFICE AND ADDRESS Cbambersburg, Pa.

PENNSYLVANIA RR. SYSTEM.— AFFILIATED OR CONTROLLED LINES.

JUNCTION RAILROAD COMPANY.

T. *T> i
TKoatt:

Belmont to Jc. withP. RR. at 85tbSt.,W. Pbil., Pa. 1.89m.
No End of Market St. Tunnel to Gray's F'y.W.Phil. 1.67m. —3.56 miles.
2d track, 3.57 m.; 3d track, 0.44 m. ; sidings, etc., 2.23 miles. Gauge, 4 ft. 9 in. Rail
(steel), 85 Ibs.

Operations, year ending Feb. 28, 1898.— Earnings (tolls, $188,803.75 ; other $242), $189,-
045.75. Operating expenses — transporation, $67,475.13 ; maintenance of way, etc. , $18,223.06 ;
genera], $1,353.79— total, $87,051.98. Net earnings (53.95 p. c.), $101,993.77 ; other receipts,
$358— total, $189,403.75. Payments : Interest on bonds, $37,125 ; dividends, $25,000 ; taxes,
$5,527.35— total, $154,704.33. Surplus, $34,699.42 ; surplus forward, $89,773.09— total,
$124,472.51.

Financial Statement, Feb. 28, 1898.— Capital stock (shares, $50), $250,000 ; funded debt,
1st mtge. extended 4| p. c. 40-yr. $1,000 coup, bonds, due July 1, 1907, interest Jan. and
July (auth., $500,000), $425,000 ; 2d mtge. 6 p. c. 35-yr. $1,000 coup, bonds, due April 1,
1900, interest April and Oct., $300,000; current accounts, $7,988.03; profit and loss, $124,-
472.51— total, $1,107,460.54. Contra: Cost of road, etc., $1,011,028.10 ; real estate, etc.,
$24,990.55; current accounts, $20,498.13 ; cash, $50,943.76— total, $1,107,460.54. Interest
payable at the company's office. Trustee of bonds : John P. Green, Philadelphia, Pa.

Directors (elected April 4, 1898). — John P. Green, Joseph S. Harris, Frank Thomson,
N. Parker Shortridge, Chas. E. Pugh, Philadelphia, Pa.

FRANK THOMSON, President ........................... Philadelphia, Pa.

Charles E. Pugh, Vice- President ........................

Secretary— Johu C. Sims .............. Philadelphia, Pa. | Treasurer— Robert W. Smith ......... Philadelphia, Pa.

PRINCIPAL OFFICE AND ADDRESS. ,,,,,,.. Broad Street Station, Philadelphia, Pa.
41

642 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

PENNSYLVANIA RR. SYSTEM — AFFILIATED OR CONTROLLED LINES.

NORTHERN CENTRAL RAILWAY COMPANY.

Main Line of Road. — Baltimore, Md., to Sunbury, Pa 136.82 miles.

Green Spring Branch : Hollms to Green Spring Junction, Md. . , 8.59 "

f Shamokin Valley and Pottsville RR. & Br. (see page 645). .36.87 m.

, , I Elmira and Williamsport RR. (see page 645) 75.50 m.

\ Elmira and Lake Ontario RR. & Branches (see page 645). .99.61 m.
Rockville Branch of Penn. RR.: Rockville to Dauphin, Pa. 2.83 m.
[ Lykens Valley RR. For statement see GENERAL INDEX. . .19.70 m. — 234.51 "

Total length of lines (owned, 145.41 m.) operated, Dec. 31, 1897 .379.92 miles.

2d track (lines owned, 130.38 m.; leased, 3.43 m.), 133.81 m.; 3d and 4th tracks (owned),
1.56m.; sidings (lines owned, 109.97 m.; leased, 106.16 m.), 216.13 m.— total track (lines
owned, 387.32 m. ; lines leased, 344.10 m.), 731.42 miles. Gauge, 4 ft. 9 in. Bail— iron
(25.21 m.), 60, 64 and 72 Ihs.; steel (706.21 m.), 60, 70, 85 and 100 Ibs.

In addition to the mileage shown above, the company uses 7 m. of the track of the Erie RR., between
Southport and Horseheads, N. Y., making the total length operated (excluding Union RR.) about 377 miles.
For operating purposes these lines are formed into five divisions, as follows: Main line, 148 m. ; Shamokin, 28
m. ; Elmira, 78 m. ; Lykens Valley RR., 20 m. ; Canandaigua, 103 miles.

History. — Consolidation, Dec. 9, 1854, of the Baltimore and Susquehanna, York and
Maryland Line, York and Cumberland, and Susquehanua RR. Cos. The main line reaches
the Elmira and Williamsport RR. and its northern extension by using, under a traffic arrange-
ment, 40 m. of the Philadelphia and Erie RR. between Sunbury and Williamsport. The
Shamokin Valley and Pottsville and the Elmira and Williamsport RRs. were leased in 1863,
for 999 years. The Elmira and Lake Ontario RR. Co. is controlled through ownership of its
entire capital stock.

In 1882 the company purchased the entire capital stock, $600,000, of the Union RR. Co.
The 6 p. c. bonds of that company, amounting to $900,000, having matured Jan. 1, 1895,
were paid off, and capital stock of the Union RR. Co. was issued in place of them. That
railroad (see GENERAL INDEX) is operated distinct from the Northern Central, and the finan-
cial results are kept separate. The Rockville Branch is operated under contract as an
extension of the Susquehanna Division. (See MANUAL for 1885, page 261.) A traffic con-
tract with the Stewartftown RR. Co. secures to this company all traffic controlled by the for-
mer and destined to and from points on this company's main line and its connections. A
controlling interest in (not a majority of) the share capital of this company is owned by the
Perm. RR. Co.

The arrangement with the Summit Branch RR. Co., under which this company operated
the Lykens Valley RR., extending from Millersburg to Williamstown, Pa., expired April 20,
1896, by reason of the default of the Summit Branch RR. Co. in paying the rental due to its
lessor, the Lykens Valley RR. and Coal Co.; but under a temporary contract with the latter,
this company continues to operate this road at a reduced rental more nearly corresponding
to the value of the property.

Rolling Stock, Dec. 31, 1897.— Locomotives, 191. Cars— passenger, 112 ; baggage, mail,
and express, 49 ; freight (box, 2,513 ; gondola, 6,665 ; stock, 24 : stone, 55 ; lime, 49 ; caboose,
.104), 9,410 — total revenue cars, 9,571 ; tool and working cars, 317. In addition, there are
500 Penn. Equipment Trust gondola cars, assigned to and in service on this road.

Operations, for the year ending Dec. 31, 1897. — Income account :

Net Traffic Earnings $1,934,336 45

Less Paid Account of Leased Lines:

Rentals SJ8T6.446 92

Interest on Equipment 37,591 20

Taxes 34,998 78

Expenses on Property 240 00—449,276 90

Balance $1,485,059 55

Interest and Dividends from Investments. 319,194 00
Interest on Equipment to Leased Lines... 28,248 59

Interest Account, Exchange, etc 2,22969

Pa. RR. Co.— Proportion of Loss from Op-
erating Elmira and Canandaigua Div. . . 17,115 91
Total Receipts $1,851,847 74

Interest on Funded Debt $771,695 00

Interest on Car Trusts 41,406 79

Interest on Mtges. and Ground Rents 21,050 32

Taxes 55,863 59

Sundry Expenditures 13,932 59

Advances to E. & L. O. RR. Co. for Int. . 25,028 37
Dividends (Jan. 15 and July 15, 3i p. c.

each) 526,26700

Total Payments $1,455,243 68

Surplus for year, $396,604.08 ; surplus from 1896, $2,059,379.13 ; and net profit realized
from adjustment of old accounts, etc., $33,145.73— total surplus, Dec. 31, 1897, $2,489,128.94

POOR'S MANUAL— PENNSYLVANIA RR. SYSTEM.

643

General Balance Sheet, Dee. 31, 1897.

Railway $13,389,650 23

Equipment v . 5,795,699 63

Real Estate 1,966,89757

Mtge. and Ground Rents Receivable 9,75233

Cash Deposited in Banks 365,58720

Due from Agents 1 513,258 16

Due from Connecting Roads, etc 864,543 06

Bonds and St'ks Owned (details below). 2,693,829 35

Materials and Supplies 230,08978

Depreciation Fund, Coal Lands, S. V. &

P. RR. Co 363,705 78

Total Assets $26,193,013 09

Capital Stock ($50 shares: auth., $8,-
000,000)

Mtge. to State of Maryland

Funded Debt

Mtge. and Ground Rents Payable

Dividends Pa3'able Jan. 15, 1898

Interest and Rents Accrued

Pay Rolls and Vouchers

Other Liabilities

Depreciation Fund, Coal Lands, S. V. &
P. RR. Co

Profit and Loss

$7,518,150 00
1,500,000 00

12,276,000 00
352,382 05
300,724 00
342,645 69
552,797 04
476,291 81

384,893 56
2,489,128 94

Total Liabilities $26,193,013 09

Stock may be voted if owned for 60 days previous to annual meeting.
Statement of stocks and bonds owned, Dec. 31, 1897 :

No.

Rate
of Par.

Par Value.

No.

Rate
of Par.

Par Value.

10
80

Shares.
14,089
15,000
33,333
12,393

12,250
27

Bonds.
Union RE. Co. of Bait.
Mtge. 6 p. c . ....

*

1,000

1,000

$

10,00000

80,00000

3,337
4,178
500

Stocks — Continued.
Alleg'y Vy. Ry. Co., pref.
Alleg'y Vy. Ry. Co., com.
The Terminal Warehouse
Co. (of Baltimore)

•„

60
100

$
166,850 00
208,900 00

50,00000

Penn. Steel Co. and Md.
Steel Co. Consol. Joint
Mtge 6 p c

Total . . .

Total

4,701,84800

90,00000

704,450 00
1,500,00000
199,998 00

619,650 00
1,225,000 00
27,00000

Stocks.
Bait. & Potomac RR. Co.
Elmira & L. Ont. RR.Co.
Mineral RR. & Mining Co.
Shamokin Vy. & Potts-
ville RR. Co

50
100
Instlmts.

50
100
1,000

Par Vali
Par Val

Tote
Valuatic

Summary.

$90,00000
4,701,848 00

4,791,84800
2,693,829 35

A

Union RR. Co

Penn. Equip. Trust 4 p. o.

Operations, etc., by divisions for the year ending Dec. 31, 1897 :

Main Line.

Lykens
Valley RR.

Shamokin
Division.

Elmira
Division.

Canandai-
gua Divi-
sion.

Total.

Miles of Railroad

148
1,133,215
2,307,287
71,826

20
12,966
45,887
30

28
55.138
161,655
4,050 '

78
214,770
896,832
8,140

103

225,885
543,391
5,606

377
1,641,974
3,955,052
89,652

Passenger Train Miles

Freight Train Miles. ...

Other Train Miles

Total Engine Miles

3,512,328
3,219,2T3
35,997,192
10,914,273
579,258,694
4,429,040
$
768,276 69
3,156,606 33
157,198 06
342,112 50

58,883
42,393
422,948
577,370
10,074,367
487,137
$
10,525 96
78,652 10
1,791 69
506 12

220,843
210,544
1,806,922
2,147,300
52,426,032
1,638,063
$
35,754 71
427,286 64
4,089 75
1,745 54

1,119,742
207,287
6,554,233
3,364,244
206,753,555

774,882
314,836
7,556,724
1,975,905
113,732,143

5,686,678
3,913.022
52,338,019
14,580,225
962,244,791
7,181,026
$
1,105,295 82
5,049,320 69
216,840 75
361,245 71

Passengers Carried ...

Passengers Carried One Mile

Tons Freight Moved

Tons Freight Moved One Mile

Tons Coal Moved

Earnings — Passenger

S

144,512 98
851,412 90
32,082 32
5,532 86

9

146,225 48
535,362 72
21,678 93
11,348 69

Freight

Mail and Express

Miscellaneous

Total Earnings

4,424,193 58
1,771,750 39
613,318 99
608,638 20
71,663 70

91,475 87
31,403 64
9,633 21
9,897 31
3,409 15

468,876 64
125,959 20
34,445 19
57,055 01
7,011 27

1,033,541 06
438,967 16
187,662 23
137,752 09
18,762 37

714,615 82
366,327 14
128,123 20
158,686 92
17,900 15

6,732,702 97
2,734,407 53
973,182 81
972,029 53
118,746 64

Expenses— Transportation

Maintenance of Equipm't
Maintenance of Way
General

Total Expenses

3,065,371 28
1,358,822 30
366,788 19

54,343 31
37,132 56

224,470 67
244,405 97

783,143 85
250,397 21

671,03741
43,578 41

4,798,366 52
1,934,336 45
366,788 19

Net Earnings

Other Receipts

Available Revenue

1,725,610 49
1,430,215 29

37,132 56
34,999 92

244,405 97
206,938 00

250,397 21 43,578 41
168,102 78i 64,264 57

2,301,124 64
1,904,520 56

Interest, Rentals, Dividends, etc
Balance, Surplus or Deficit
Gross Earnings per Mile

#.295,395 20
29,893 20
20,711 97
9,181 23
69. 29 p. c.
2.134 c.
2.189 c.
L. 0.055 c.
0.545 C.
0.393 C.
P. 0.152C.

S. 2,132 64
4,573 79
2,717 16
1,856 63
59.41 p. c.
2.488C.
2.166 c.
P. 0.322 c.
0.781 c.
0.448 c.
P. 0.333 c.

S. 37,467 97
16,745 59
8,016 81
8,728 78
47.87 p. c.
1.979c.
2.355 c.
L. 0.376 c.
0.815 c.
0.347 c.
P. 0.468 C.

S. 82,294 43
13,250 53
10,040 31
3,210 22
75.77 p. C.
2.205 C.
1.817 C.
P. 0.388 C.
0.412 c.
6.447 C.
P. 0.091 c.

£>. 20,686 16
6,938 02
6,514 93
423 09
93.90 p .c.
1.935 c.
2.156 c.
L. 0.221 C.
0.471 c.
0.447 C.
P. 0.024 c.

S. 396,604 08
17,858 63
12,727 76
5,130 87
71. 27 p. c.
2.112 c.
2.144 C.
L. 0.032 c.
0.525 c.
0.382 c.
P. 0.143 c.

Operating Expenses per Mile

Net Earnings per Mile

Expenses to Earnings
Earnings per Passenger per Mile
Cost per Passenger per Mile

Profit and Loss per Pass, per Mile. ..
Earnings per Ton per Mile

Cost per Ton per Mile ..

Profit or Loss per Ton per Mile

644

POOR'S MAtfTTAL OF RAILROADS— RAILROAD "SYSTEMS."

Statement of operations, income acount, etc. (all lines), for eight years ending Dec. 31 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad Owned. . .
Miles of Railroad Operated.
Miles of Track Owned
Miles of Steel Rail Owned.

155.03
382.45
380.06

145.41
372.83
363.04

145.41
372.83
357.60

145.41
372.83
369.69
246.00
191
111
50
7,054
1,628,086
3,895,344
5.613,379
4,740,675
61,629,942
13,296.212
857.194,188
6,398,592
$
1,302,879
5,188,636
890,291

145.41
372.83
369.31
344.69
191
112
49
7,754
1,527,204
3,335.602
4,939,338
4,129,906
51,092,311
12,008,949
746,328,510
5,994,614

1,127,656
4,489,463
414,141

145.41
372.83
370.76
347.92
191
112
49
7,840
1,591,352
8,757,093
5,446,833
4,112,526
51,951,285
13,605,493
875,681,749
7,015^90

1,133,454

4,910,585
461,989

145.41
879.92
372.09
351.63
191
112
49
8,154
1,623,002
3,857,919
5,480,921
3,848,833
51,156,008
13,253; 431
885,552.996
6,491,028
$
1,094,518
4,767,227
424,856

145.41
379.92
387.32
369.64
191
112
49
9,410
1,641,974
3,955,052
5,686,678
3,913,023
52,338,019
14,580.225
962,244,791

159
81
44

5,787
1,488,027
4,108.887
5,596,914
4,617,976
53,123,788
16,078,663
840,267,203
5,231,328

s

1,218,318
4,980,622
409,857

173
91
44

7,045
1,584,278
4,010,298
5,594,576
4,694,878
56,429,617
16,406,951
834-517,438
8,485,992
S
1,267,822
5,182,761
369,985

181
100
44
7,045
1,635,355
4,200,724
5,836,079
5,062,444
64,788,288
13,898,742
929,886,142
6,523,857

S

1,372,719
5,500,799
317,772

Baggage, Mail, etc., Cars. . .
Freight Cars

Passenger Train Miles
Freight Train Miles

Total Engine Miles

Passengers Carried

Passenger Miles

Freight (tons) Moved

Freight (ton) Mile?.

Coal (inc. in Freight) Tons.
Passenger Earnings

1,105,296
5,049,321
578,086

Freight Earnings

Miscellaneous

Gross Traffic Earnings
Transportation Expenses. .

Net Traffic Earnings

6,608,797
4,921,759

6,820,568
4,917,222

7,191,290
5,118,360

6,881,806
4,763,156

6,031,2«0
4,234,116

6,506,028
4,598,519

6,286,602
4,643,105

6,732,703
4,798,367

1,687,038
522,951

1,903,347
377,181

2,078,930
333,886

2,118,650
496,979

1,797,144
386,336

1,907,509
457,391

1,643,497
400,075

1,934,336
366,788

Other Receipts

Available Revenue

2,309,989
421,887
53,685
924,039
19,912
25,571
(7) 526,260
180,509

2,280,528
411,845
28,616
916,905
20,248
26,044
(7) 526,263
179,354

2,412,816
436,789
27,899
870,055
22,309
24,937
(8) 601,444
59,190

2,615,629
464,128
36,125
860,128
42,341
21,634
(8) 601,446
29,632

2,183,480
449,391
36,368
850,921
37,945
23,863
(7) 526,267
149,032

2,364,900
444,019
35,642
831,908
68,262
20,680
(7) 526,267
200,032
86,233
151,857
17,23084
12,197 6«
5,033 18
70.68 p. c.

CtB

2.182
2.141
0.041
0.561
0.398
0.163

7,518,150
14,043,000
319,830
352,529
527.572
342,512
300,724
1,744,395
344,574

2,043,572
415,228
36,791
823,161
61,278
20,887
(7) 526,267
72,029
10,340
77,591
16,675 33
12,315 93
4,35940
73. 86 p. c.
Cts.
2.140
2.150
L. 0.010
0.538
0.400
0.138

7,518,150
13,914,000
349,182
344,216
460.177
351,820
300,724
2,059,379
363,824

2,301,124
411,686
3?,591
813,102
55,863
21,050
(7) 526,267
25,028
13,933
396,604
17,85863
12,727 76
5,13087
71.27 p. c.
Cts.
2.112
2.144
L. 0.032
0.525
0.382
0.143
$
7,518,150
13,776.000
352,382
342,646
552,797
476,292
300,724
2,489.129
384,893

Lease Rentals

Interest on Equipment
Int., Premium, and Disc
State Tax on Stock, etc. ...
Rents, Int. on Mtge., etc. . .
Dividends on Capital Stock
Advances, Guaranty, etc. . .
Exp. on Property

Balance, Surplus

57,463
17,529 97
13,055 C8
4,474 91
74.46 p. c.
Cts.
2.208
2.024
0.184
0.593
0.458
0.135

8

7,518,150
14,459,000
319,830
403,796
512,520
780,637
300,720
716,932
262,323

170.244
18,091 69
13,043 02
5,048 67
72.09 p. c.
Cts.
2.160
1.943
0.217
0.621
0.458
0.163

S

7,518,150
14,335,000
319,830
393,388
620,415
1,188,175
300,722
997,127
277,199

370,193
19,07504
13,56064
5,514 40
71.09 p. c.
Cts.
2.034 .
1.863
0.171
0.592
0.420
0.172
$
7,518,150
14,286,000
319,830
394,026
554,839
969,674
375,902
1,281,890
292,949

560,195
18,254 13
12,63436
5,619 76
69.21 p. c.
Cts.
2.114
1.855
0.259
0.605
0.422
0.183
S
7,518,150
14,150,000
319,830
388,641
423,393
1,234,682
300,724
1,628,277
308,699

109,693
15,99604
11,231 08
4,76696
70.20 p. c.
Cts.
2.181
2.028
0.153
0.602
0.427
0.175
S
7,518,150
14,165,000
319,830
385.597
525,297
1,147,393
300,724
1,734,753
326,199

Gross Earnings per Mile . . .
Gross Expenses per Mile. . .
Net Earnings per Mile

Expenses to Earnings

Earnings p. Pass. p. Mile. . .
Expenses p. Pass. p. Mile. .
Profit p. Pass. p. Mile

Earnings p. Ton p. Mile
Expenses p. Ton p. Mile ...
Profit per Ton per Mile . .

Capital Stock

Funded Debt

Ground Rents and Mtges...
Int. and Rentals Accrued.. .
Pay Rolls for Dec., etc
Other Liabilities

Dividends Payable

Profit and Loss

Depreciation Fund

Total Liabilities

25,273,958

12,749,934
4,421,977
1,726,289
4,364,842
9,752
247,422
370,989
575,712
807,041

25^50,006

13,185,316
4,946,332
1,780,277
4,052,562
9,752
277,814
248,679
923,557
525,717

25,993,260

13,280,003
5,075,911
1,821,159
3,827.228
9,758
277,814
414,506
588,041
698,846

36,272,395

13,387,150
5,171,961
1,918,812
3,589,228
9,752
277,814
405,222
1,116,357
396,098

26,422,943

13,387,150
5,316,961
1,918,812
2,854,701
9,752
306,821
317,118
803,976
1,507,652

25,493,286

13,387,150
5,329,211
1.915,758
2,772,011
9,752
334,846
341,834
685,956
716,768

25,661,472

13.389,650
5,513,250
1,978.383
2,970,830
9.752
363,706
344,110
618,164
473,627

26,193,013

13,389,650
5,795,700
1,966,898
2,693,829
9,752
363,706
230,090
1,377,801
365,587

Railway

Equipment

Real Estal e

Stocks and Bonds. .

Grounil Rents and Mtges. . .
Depreciation Fund

Materials and Supplies
Current Accounts

Cash on Hand and in Bank.
Total Assets

25,273,958

25,950,006

25,993,260

26,272,395

26,422,943

25,493,286 25,661,472

26,193,013

Statement of Insurance Fund, year 1897.— Receipts : Balance from 1896, $1,801.66; re-
ceived from securities paid off, $2,000 ; contributions to fund charged to operating expenses,
$28,333.38 ; interest from securities, $36,645— total, $68,780.04. Disbursements : Paid for in-
surance, $15,311.22: reimbursed operating department, $8,889.47; sundry expenses, $500;
securities purchased, $44,040 ; cash balance, $39.35— total, $68,780.04.

POOR'S MANUAL — PENNSYLVANIA ER. SYSTEM.

645

Assets in Insurance Fund, Dec. 31, 1897.— $123,000 6s of July 1, 1900 ; $8,000 series A,
$6,000 series B, $5,000 series C, $243,000 series D consol. 6s ; $47,000 series B. consol. 5s, and
$259,000 Sodus Bay and So. RR. 5s ; a total of $691,000, standing on the books at cost,
096.29 ; add cash balance, $39.35— total assets, at cost, $688,135.64.

Statement of funded debt in detail, Dec. 31, 1897 :

CLASSES OF BONDS.

Date.

Interest.

Due.

Amount.

Annual
Charge.

Mtge. (currency) Coup. Bonds

Dec. 4, 1865
July 1, 1868
July 1, 1868

June 1, '74 & '75
July 1, 1877
July 1, 1876
April 1, 1885

Jan. 1, 1876
Jan. 1,1882

6 p. c. A.&O.
6 p. c. J. & J.
6 p. c. A. &O.

6 p. c. J. & J.
6 p. c. J. & J.
6 p. c. J. & J.
4ip.c.A. &O.

5p.c. J. & J.
5 p. C. J. & J.

Apr. 1, 1900
July 1, 1900
July 1, 1900

July 1, 1904
July 1, 1904
July 1, 1904
Apr. 1,1985

Jan. 1, 1926
Jan. 1,1926

$1,126,000
2,599,000
205,000

1,224,000
1,000,000
1,000,000
1,557,000

2,585,000
1,000,000

$67,560
155,940
12,300

73,440
60,000
60,000
70,065

128,250
50,000

Consol Mtge (gold) Coup. Bonds

Consol. Mtge. (gold) Registered Bonds
Consol." General Mtge. (gold) Bonds :
Series A and B Stg. or $ Sinking Fund Bonds.
Series C Dollar Bonds

$1,000,000 Loan Dollar Bonds (series D)
Series E Dollar Bonds

Second General Mtge. (currency) Bonds. .
Series A Coup.... .. .

Series B, Coup

Interest on all of the dollar bonds is payable at the office of the Treasurer, in Baltimore. Sterling
interest is payable in London, at the option of the holder. The consol. general mtge. (gold, coupon) is for
$10,000,000, and covers all previous issues of bonds and mtge. debts except the annuity of $90,000. The sterling
bonds are provided with a sinking fund in the form of annual drawings of outstanding bonds. On July 1,
1897, $138,000 Series A and B bonds were drawn. Interest is free of State and National taxes.

RAILROADS LEASED OB OWNED BY THE NORTHERN CENTRAL RY. Co.

assets, $1,185— total, $2,537,785. Interest payable at
Broad Street Station, Philadelphia, Pa. Since 1863,
69 dividends each on preferred and common stock
have been paid semi-annually, 3J p. c. on preferred
and 2i on common less taxes. The mortgage bonds
are convertible at par into common stock and have
voting power. Trustees of bonds: Wm. Read Fisher,
Wm. D. Neilson, and. Lewis P. Geiger. Thos. Neil-
son, Pres. ; Lewis P. Geiger, Sec. & Treas., Phila-
delphia, Pa. Corporate Office, Provident Building,
Philadelphia, Pa. Transfer Office, 409 Chestnut St.,
Philadelphia, Pa.

Shamokin Valley and Pottsville RR.
— Sunbury to Mount Carmel, 27.30 in.; coal branches,
9.57 m.— total, 36.87 m.; total track (steel, 40.9 m.),
58.70 miles. The increase in mileage of main track
during the past rear is due to the transfer of 7.09
m. of short branches from account of sidings. Rail,
60 Ibs. Originally the Danville and Pottsville RR.
Co., chartered in 1826. The Phila. and Sunbury RR.
Co., chartered in 1851, succeeded that company and
reconstructed the road, which had been abandoned
for several years. It was opened to Sunbury in 1857.
In 1858 the property was transferred (by foreclosure
of 2d mtge., the bondholders becoming stockholders
in the new company) to the existing company, and
Feb. 27, 1863, leased for 999 years to the N. C. Ry.
Co., which pays interest on bonds, $140,000. and 6
p. c. on stock, $52,167. Rental year ending Dee. 31,
1897, $200,400; other receipts, $177— total, $200,577.
Payments: Interest on bonds, $140,000; dividends (6
p. c.), $52,167; expenses and taxes, $8,232— total,
$200,399. Surplus, $177. Dividends Feb. and Aug., 3
p. c. each, at office of Treasurer. Financial State-
ment, Dec. 31, 1897.— Capital stock (par, $50), $869,-
450; funded debt, 1st mtge. 7 p. c. 30-yr. bonds, due
July 1, 1901, interest Jan. and July, $2,000,000; un-
paid interest and dividends. $72.588; profit and loss,
$10,383— total, $2,952,421. Contra: Cost of road, $1,-
208,050; coal lands, $1,667.909; other investments,
$3,704; other assets, $72,758— total, $2,952,421.
Frank Thomson. Pres.; John P. Green, Vice-Pres. ;
Stephen W. White, Sec.; Taber Ashton, Treas. Cor-
porate Office, Broad Street Station, Philadelphia, Pa.

Elmlra and Lake Ontario RR.— Chemung
June. (N. Y., L. E. & W. RR.) to Canandaigua, N. Y.,
64 m.; Stanley to Sodus Point, N. Y., 34.18 m.;
Canandaigua to Canandaigua Lake, N. Y., 1.43 m. —
total, 99.61 m.; 2d track, 1.17 m.; total track (steel,
124.4 m.), 140.31 miles. Rail, 60 and 70 Ibs. (For
history, see Manual for 1889, page 226.) Gross earn-
ings, year ending Dec. 31, 1897, $714,616; expenses
and taxes, $692,898; net earnings, $21,718. Charges:
Interest on bonds, $25,000: other charges, $17,-
404— total, $42,404. Deficit for year, $20,686.
Capital stock, $1,500,000; funded debt (40-yr. 5 p. c.
1st mtge. Sodus Bay and Southern RR. Co. bonds,
due July 1, 1924, interest Jan. 1 and July 1, at the
Nat. Bk. of Commerce, New York), $500,000; un-
funded debt, $12,850— total, $2,012,850. Contra: Cost
of road, $2,000,000; other assets, $12,850— total, $2,-
012,850. Frank Thomson, Pres.; S. W. White, Sec.,
Philadelphia, Pa.; A. W. Hendrix, Treas., Balti-
more, Md. Corporate Office, 2 Beaver St., New York,
N. Y.

Elmirn and Wllliamsport RR.— Williams-
port, Pa., to Elmira, N. Y., 75.50 m.; 2d track, 0.37
m.— total track (steel, 75.5 m.), 107.35 miles. Char-
tered as W. & E. RR. Co., June 9, 1832; opened
Sept. 9, 1854. Reorganized after foreclosure sale
under existing title, Feb. 29, 1860. Leased to N. C.
Ry. Co. for 999 years from May 1, 1863. Rental, year
ending Dec. 31, 1897, $149,280; other receipts, $5.165
—total, $154,445. Payments: Interest on bonds, $86,-
280; dividends, $54,800; expenses and taxes, $13,214—
total, $154,294. Surplus, $151. Dividends were paid
as follows: On common stock (May and Nov.), 4.56
p. c.; on preferred stock (Jan. and July), 6.38 p. c.
(For statement of dividends paid since the organi-
zation of the company, see Manual for 1892.) Finan-
cial Statement, Dec. 31, 1897.— Capital stock (par,
$50)— common, $500,000; 7 p. c. preferred, $500,000;
funded debt, 1st mtge. 6 p. c. 50-yr. bonds, due Jan.
1, 1910, interest Jan. and July, $963,000; income 5
p. c. bonds, dated May 1, 1863, due Oct. 1, 2862,
Interest April and Oct.. $570.000; other liabilities,
$95; profit and loss, $4,690— $2,537,785. Contra: Cost
of road, $2,533,000; other investments, $3,600; cash

Chas. E. Pugh . . . .Philadelphia, Pa.

M. H. Arnot ... Elmira, N. Y.

Wayne Maf Veagh. .Bryn Mawr, Pa.
Michael Jenkins Baltimore, Md.

Board of Directors, Northern Central Ry. Co., elected Feb. 24, 1898.

A. J. Cassatt Philadelphia, Pa. H. Walters Baltimore, Md .

J. N. Hutchinson. " J. D. Cameron .. . . Harrisburg, Pa.

B. F. Newcomer Baltimore, Md. Luther S. Bent Baltimore, Md.

John P. Green Philadelphia, Pa. N. Parker Shortridge . . . .Phila., Pa.

FRANK THOMSON, President Philadelphia, Pa.

John P. Green, 1st Vice-President

Charles E. Pugh, 2d Vice-President

S. M. Prevost, M Vice-President

Secretary— Stephen W. White Philadelphia, Pa. | Treasurer— A. W. Hendrix Baltimore, Md.

GENERAL OFFICE AND ADDRESS Calvert Station, Baltimore, Md,

646

POOR'S MANUAL OF BAILROADS — RAILROAD "SYSTEMS.'

PENNSYLVANIA RR. SYSTEM.— AFFILIATED OR CONTROLLED LINES.

PHILADELPHIA, WILMINGTON AND BALTIMORE RR. CO.

Main Line of Road. — Phila, , Pa (connection with Junc.RR.) to Baltimore,Md. 95.47 miles.

Brandywine Branch : Landlith to Augustine Mill, Del 2. 14 m.

Southwark Branch : On Washington Ave. and Swanson St., in Phila. 1.71 m.
New Castle and Wilmington Br.: Del. Jc. to Shellpot Crossing, Del. 0.96 m.

Shellpot Branch : Edgemore, Del., to near Newport, Del 5.30 m.

Newark and Delaware City RR.: Newark to Delaware City, Del 11.79 m. — 21.91 "

Sundry railroads operated : For particulars see subjoined statements 551.87 "

Total length of all lines operated Oct. 31, 1897 669.25 miles.

Statement showing the mileage of track on the P., W. & B. roads, Oct. 31, 1897 :

DIVISIONS.

First
Track.

Second
Track. '

Third
Track.

Fourth
Track.

Comp'y's
Sidings.

Total
Track.

Md., inch B. & P. ER. and W. S. Ry.

Miles.
257.04
90 30

Mile*.
139.69
13 15

Miles.
12.48

MUes.
9.00

Miles.
142.67
25 50

Miles.

560.88
128 95

Delaware (incl. Q. A. & K. RR.)

321.91

18.48

57.80

398 19

Total

669 25

171 32

12 48

9 00

225.97

1 088 02

NOTE. — In addition to the above the company uses 43 m. of private sidings.

The total length of tracks of all lines laid with steel rail on Oct. 31, 1897, was 873 m., of
which 293 m. were on the P., W. & B. RR. proper.

History.— Consolidation, Feb. 5, 1838, of the Phila. & Del. County, Wilmington and
Susquehanna, Del. & Md., and Bait. & Port Deposit RR. Cos. The railroad was completed
in July, 1837 ; the viaduct over the Schuylkill in 1838. (For subsequent history, see MANUALS
for 1891 and 1892, and for terms under which subsidiary lines are operated, see subjoined
statements.) On July 3, 1894, the Philadelphia and Delaware Co. RR., extending from a
point near Fernwood Station to Newtown Square, 9.93 m., was opened for traffic ; during
1895, 0.33 m. of the Elkton and Middletown RR. and the Claymont Branch of the South
Chester RR. were opened ; and the Rosslyn Branch of the Washington Southern Ry., ex-
tending from the south end of Long Bridge to Rosslyn, Va., was opened in 1896.

The company having become the owner of practically all the capital stock of the Queen
Anne's and Kent RR., resumed the operation of that property on May 1, 1896.

The lines are operated by divisions, as follows : Main line and branches, the South
Chester RR., the Elkton and Middletown RR., the Baltimore and Potomac Kit. (including
Catonsville Short Line), and the Washington Southern Ry., comprising the Maryland Di-
vision; Delaware RR., Queen Anne's and Kent RR., Delaware and Chesapeake Ry., Del.,
Md. & Va. RR., and Cambridge and Seaford RR., comprising the Delaware Division; and
the Phila. and Bait. Central RR., the Chester Creek RR., and the Phila, and Delaware Co.
RR., operated as the Central Division.

Uolliug Stock, Oct. 31, 1897. — Locomotives, 225. Cars — passenger, 261 ; combination,
60 ; baggage, mail, and express, 64 ; freight (box, 1,866 ; stock, 22 ; gondola, 704 ; flat, 309;
lime, 2 ; cabin, 83), 2,986 ; service, 472— total cars, 3,853.

Operations, year ending Oct. 31, 1897 (all lines). — See tabulated statement on page 647.

Earnings— Passenger $3,970,581 47

Freight 3,892,092 72

Mail and Express 761,978 91

Rents and Miscellaneous 166,783 38

Expenses— Conducting Transportation $3,9*1,683 09

Maintenance of Equipment .... 989,243 18

Maintenance Way, etc 1,329,062 15

General 164,216 68

Total ($9,569.23 per mile) $6,404,205 10

Total ($13,136.25 per mile) $8,791,436 48 J

Net earnings (27.15 p. c.), $2,387,231.38. Add interest (on investments, $353,885.50 ;
general account, $11,423.72 ; from branch and other roads for use of equipment, $94,150.98),
$459,460.20— total, $2,846,691.58. Payments : Interest on bonds, $255,200 ; on car trusts,
$28,578.80 ; on mtges. and ground rents, $9,860.10 ; rentals leased and operated roads, $1,057,-
814.98; taxes, $125,866.63 ; cost of revision of grades and alignment, $197,149.68 ; sinking

POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM.

647

fund (for bonds of April 1, 1900, and June 1, 1910), $36,000 ; advances to Delaware and
Chesapeake Ry, Co., $16,000 ; taxes account of branch roads, $5,748.98 ; sundries, $13,513.78
—total, $1,745,732.95. Net income, $1,100,958.63, from which were paid dividends (No. 100,
July, 1897, 3 p. c. $354,580.50 ; No. 141, Jan., 1898, 4 p. c., $472,774), $827,354.50, leaving
surplus for year, $273,604.13. Surplus forward ($2,552,932.66), less charged off in reduction
of value of securities and settlement of sundry accounts, $146,311.36), $2,406,621.30 — total,
to credit of profit and loss, Oct. 31, 1897, $2,680*,225.43.

Statement of capital account of the P., W. & B. RR. Co., and of operations of the entire
system, for eight years ending Oct. 31 :

1890

1891

1892

1893

1894

1895

1896

669.33
4,825,269
3,452,515
9,249.771
204.269.989
5,233,136
324596,365

4,010,607
4,108,110
928,414

1897

Miles of RR. Operated
Passenger Train Miles
Freight Train Miles

518.62
3,074,593
2,464,876
8,122,039
157.406-904
, 3,704,979
227,084,457
$
3,320,872
2,961,789
637,716

518.89
3,221,060
2,551,501
8,540,505
159,345,653
3,785,576
218,546,665

3,316,310
3,252,068
626,619

651.06

4,750,875
3,505,240
8,440,669
224937,121
5,376,856
300,107,276

4,589,716
4,024,713
823,373

654.59
5,005,700
3,969,141
11,855.318
217,004053
5,610,612
323,375,554

4,482,712
4,499,916
885,373

664.52
4,642,995
3,378,249
10,730,140
199,676,403
4,855,388
292,084,497

s

4,080,159
3,801,208
814,592

665.57
4.627,788
3,502,660
10,163,777
202,699,306
5,325 660
321,684.806
$
4,078,914
4,188,932
874,687

669.25
4,659,124
3,344,836
8,091,146
N'.OE 1.386
ft.376,239
329.628,372
$
3,! 70,581
3,£92,OS3
928,762

Passengers Carried

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Passenger Earnings

Freight Earnings

Miscellaneous Earnings. . . .

Grose Traffic Earnings
Operating Expenses

6,821,377
5,250,175

7,194,998
5,293,122

9,437,802
7,275,J75

9,868,001
7,214,592

8,695,959
6,349,332

9,142,533
6,526,891

9,047,131
6,694,007

8,7n,436
6,4C4,205

Net Earnings

1,570,202

1,901,876
96,045
163,550

2,162,627
52,745
230,448

2,653,409
156,397
249,595

2,346,627
73,706
347,232

2,615,642
107,065
402,104

2,353.124
127,309
423,618

2,387,231

Profit Del. RR. Lease

Miscellaneous Receipts
Available Revenue

120,000

459,460

1,690,202
250,521
(6) 709,161
320,098
212,342
198,080

13,151 01
10,123 36
3,027 65
76.98 p. c.
2.110 c.
1.304 c.

133.26
329.11
277.53
134
187
51
1,682

11,819,350
1,000,000
700,000
800,000
1,000,000
1,000,000

2,161,471
291,172
(7) 827,355
615,110
234,207
193,627

13,866 13
10,200 86
3,065 27
73. 57 p. c.
2.091 c.
1.488 c.

110.25
303.39
243.47
208
805
72
2,177

11,819,350
1.000,000
700,000
800,000
1,000,000
1,000,000
864,600

2,445,820
321,719
(7) 827,354
854,805
236,113
205,829

14,496 06
11,174 85
3,321 71
77.09 p.c.
2.040C.
1.340C.

114.02
306.94
277.12
218
315

2,179
$

11,819,350
1,000,000

3,059,402
351,641
(7^)886,451
1,179,712
197,409
444,189

15,075 08
11,021 54
4,053 54
73.11 p. c.
2.066 c.
1.392 c.

116.79
311.33
277.12
225
321
74
2,186
1
11,819,350
1,000,000

2,767,565
345,173
(6i)7G8,258
1,157,102
147,501
349,471

13,08608
9,554 77
3,531 31
73.01 p. c.
2.043 c.
1.301 c.

116.79
311.33
283.59
225
321
74
2,186
$
11,819,350
1,000,000

8,124,811
324,029
(7) 827,351
1,330,067
201,951
441,410

13,736 40
9,806 47
3,929 93
71. 39 p.c.
2.012 c.
1.302 c.

116.79
312.18
283.59
225
321
74
2,186
8
11,819,350
1,000,000

2,904.051
317,568
(7) 827.355
1,170,600
272,357
316,171

13.783 37
10,198 37
3,58500
73. 99 p. c.
1.963 c.
1.266 C.

117.38
315.98
290.27
225
321

2.986
I
11,819,350
1,000,000

2,8-16.692
898,639

(7) 827,355
1,057,815
394,280
273,604

13,13625
9,£69 23
3,567 02
72. 85 p.c.
1.890C.
1.181 c.

117.38
317.09
293
225
321
74
• 2,986
1
11,819,350
1,000,000

Dividends

Lease Rentals

Other Disbursements

Balance Credit Income

Gross Earnings per Mile . . .
Gross Expenses per Mile. . .
Net Earnmgsper Mile. . . .
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile. .

Miles of Railroad

Miles of Track

Miles of Steel Rail

Locomotives

Passenger (= 8-wh.) Cars. . .
Bge.,M.& E. (= 8-wh.) Cars
Freight (= 8-wh.) Cars

Capital Stock

Bonds Due in 1917

Bonds Due in 1892

Bonds Due in 1900

800.000
1,000,000
1,000,000
930,000
500,000
163,598
855,391
558,659

800,000
1,000,000
1.000,000
930,000
1,000,000
163,765
632,311
560.967

800,000
1,000,000
1,000,000
930,000
1,000,000
163,765
634,357
499,729

800,000
1,000,000
1,000,000
930.000
1,000,000
164,001
710,065
556,200

800,000
1,000,000
1,000,000
930,000
1,000,000
164,001
596,466
539,197
935,286
656,000
2,552,933

800,000
1,000,OCO
1,000,000
930,000
1,000,000
164,002
664,205
537,112
975,795
(>92.000
2.680,225

Bonds Due in 1910

Bonds Due in 1922

Bonds Due in 1926

Bonds Due in 1932

Ground Rents and Mtges...
Current Balances

163,598
1,327,188
425,268

163,598
673,534
557,464

Int., Rentals, Dividends....
Due Controlled Co.'a

Sinking Funds

440,000
1,138,605

476,000
1,324,971

512,000
1,511,489

548,000
1,762,668

584,000
2,112,218

620,000
2,385,917

Income Balance

Total Liabilities

19,814,009

15,137,547
362,914
1,995,894
511,535
440,000
1,366,119

20,378,917

14,888.707
362,914
3,345,725
359,696
476,000
945.875

20,650,486

15,118,455
362,914
2,879,801
498,938
512,000
1,278,378

21,217,062

15,057,168
362,914
3,286,187
516,419
548,000
1,446,373

21,543,419

15,056,276
362,914
3,894,681
295,725
584,000
1,349,823

21,985,533

15,056,276
362,867
4,255,999
276.282
620,000
1,414,109

22,993,233 23,262,688

15,465,969 15,483,904
388,286 ; 388,136
4,130,419 i 4,053.395
354.602 ; 3-26,024
656.000 692,000
1,997,957 2,319,230

Railroad and Equipment. . . .
Real Estate

Stocks and Bonds

Materials and Supplies
Trustees. Sinking Fund
Cash and Other Assets

Total Assets

19,814,009

20,378,917

20,650,486

21,217,062

21,543,419

21,985,538

22,993,233 2S.262.688

648

POCK'S MANUAL OF KAILROADS — RAILEOAD "SYSTEMS/'

General Balance Sheet, Oct. 31, 1897.

Construction and Equipment $15,483,903 74

Real Estate 388,13613

Stocks and Bonds Owned (see below) . . . 4,053,395 04

Trustees, Sinking Funds 692,000 00

Accounts Receivable and Balances Due.. 712,838 51

Materials and Fuel 326,023 85

Cash in Hands of Treasurer 1,606,390 80

Total Assets $23,262,688 07

Capital Stock (shares, $50) $11,819,350 00

Bonded Debt (see below) 5,730,000 00

Mortgages and Ground Rents Payable... 164,001 64

Matured Interest on Bonds not Collected. 110 00

Bond Interest Accrued, not Matured 63,90000

Pay Rolls and Vouchers 664,204 85

Dividends Unpaid (incl. Div. No. 101).. 473,101 50

Due Controlled Companies 975,794 65

Sinking Funds 692,00000

Profit and Loss 2,680,225 43

Total Liabilities $23,262,688 07

Funded debt ($5,730,000) consisted Oct. 31, 1897, of the following:

Registered sinking fund 6 p. c. 25-yr. $1,000 bonds, due April, 1900, interest April and Oct $800,000

Registered sinking fund 5 p. c. 30-yr. $1,000 bonds, due June, 1910, interest June and Dec 1,000,000

Registered 4 p. c. 30-yr. $1,000 bonds, due April, 1917, interest April and Oct 1,000,000

Registered 4 p. c. 35-yr. $1,000 bonds, due Nov. 1, 1922, interest May and Nov 1,000,000

Registered 4 p. c. 35-yr. $1,000 gold bonds, due Jan. 1, 1926, interest Jan. and July 930,000

Registered 4 p. c. 40-yr. $1,000 gold bonds, due Oct. 1, 1932, interest April and Oct 1,000,000

None of the above bonds are secured by a mtge. on the road. All of the bonds issued have a provision
that if a mtge. should at any time be placed on the road, they shall be secured under such mtge. The issues
due 1900 and 1910 jfre secured by sinking funds for which the company appropriates annually $16,000 to the
former and $20,000 to the latter. Aggregate interest on above bonds, $255,200. Ground rents call for 6 p. c.
Interest on bonds payable at the company's office in Philadelphia, and also, on sinking fund bonds and on 4s
of 1917, at the office of Kidder, Peabody & Co., Boston, Mass.

Sinking Fund, year ending Oct. 31, 1897. — Bonds 0/1900: Receipts for year ending Oct.

31, 1897, $135,005; balance from last year, $296.12— total, $135,301.12. Expenditures,

$135,100.88. Balance, Oct. 31, 1897, $200.24. Bonds of 1910: Receipts, $107,765; balance

• forward, $1.79— total, $107,766.79. Expenditures, $107,760.55. Balance, Oct. 31, 1897, $6.24.

Securities, etc., in

Trustees of Bonds of 1900—

$85,000 P., W. & B. 6s of 1900 $90,482 50

16,000 P., W. & B. 4s of 1917 16,000 00

34,000 P., W. & B. 4s of 1922 34,000 00

2,000 P., W. &B. 4s of 1926 2,00000

42,000 N. Cent. Ry. 2d Gen. Mtge. 5s of 1926. 39,990 00

• 10,000 D. & dies. Ry. 4s of 1912 9,52500

40,000 Phila. and Erie RRi 4s of 1920 40,080 00

99,000 P. &B. C. RR. 4^8 of 1911 99,49000

74,000 Pi ttsb., C.. C. & St. L. Ry. Consol.

Mtge. 4j s of 1943 73,90000

82,000 Alleg. Va. Ry. 4s of 1942 82,000 00

5,000 Colum. & Pt. Deposit Ry. 4s of 1940. . 5,000 00

1,000 Pa. Equip. Trust, Series F, 4 p. c. . . . 969 15

2,000 Pa. Equip. Trust, Series G, 4 p. c .... 1,937 22

20,000 Pa. Equip. Trust, Series H. 4 p. c 19,593 55

23,000 Pa. Equip. Trust, Series K, 4 p. c. . . . 22,490 11
56.000 Certif. Pa. Rolling Stock Trust, Series

A, 4 p. c 55,90949

7,000 Certif. Pa, Rolling Stock Trust, Series

B, 4 p. c 7,00000

5,000 Certif. Pa. Rolling Stock Trust, Series

C, 4 p. c 5,000 00

26,000 Certif. Pa. Rolling Stock Trust, Series

D, 4 p. c 26,000 00

Temporary Loan to Sinking Fund No. 2 400 00

Cash on Deposit .' 200 24

Hands of Trustees.

Trustees of Bonds of 1910—

$45,000 No. Central Ry. 5s of 1926 $42,865 00

20,000 P., W. & B. RR, 4s of 1917 20,000 00

5,000 P., W. & B. RR. 4s of 1922 5,000 00

22,000 P., W. &B. RR. 4s of 1926 '.. 22,00000

93,000 P. &B. Cent. RR. 4*8 of 1911 93,45000

27,000 Phila. and Erie RR. 4s of 1920 26,985 00

72,000 Pittsb., C., C. & St. L. Ry. Consol.

Mtge. 4+8 of 1942 71,940 00

26,000 Colum. & Pt. Deposit Ry. 4s of 1940. 26,000 00

14,000 Alleg. Vy. Ry. 4s of 1942 14,00000

4,000 P., W. & B. St'k Trust Certif. 4s, 1921 3,780 00

21,000 Pa. Equip. Trust, Series F, 4 p. c. . . . 20,362 21

3,000 Pa. Equip. Trust, Series G, 4 p. c ... 2,904 11

10,000 Pa. Equip. Trust, Series H, 4 p. c. . . . 9,873 31

19,000 Pa. Equip. Trust, Series K, 4 p. c. . . . 18,543 83
33,000 Certif. Pa. Rolling Stock Trust, Series

A, 4 p. c 32,969 83

4,000 Certif. Pa. Rolling Stock Trust, Series

B, 4 p. c 4,00000

45,000 Certif. Pa. Rolling Stock Trust, Series

C, 4 p. c 45,000 00

44,000 Certif. Pa. Rolling Stock Trust, Series

D, 4 p. c 44,000 00

Cash on Deposit 6 24

Total §631,967 26

Less Amount of Temporary Loan from
Sinking Fund No. 1

$503,669 53

40000

Total $503,26953

Stocks and bonds owned Oct. 31, 1897, were as follows :

STOCKS.

Cambridge and Seaford RR. Co
Columbia and Port Deposit. . . .
Delaware RR. Co

Shares.
10,000
8,000
54,587
24.000
13,048
1,731
49,942
12,414
5,000
8,750
. 3,840

Par
Par. Value.
$50 $500,00000
50 400,000 00
25 1,364,67500
25 600,00000
25 326,200 00
50 86,550 00
50 2,497,10000
25 310,350 00
50 250,COO 00
100 875,000 00
76,800 00

BONDS.
Del and Chesapeake Ry 1st 4s of 1912..

Par

Value.
.... $73,00000

June and Break'w RR 2d 4s of 1899. .

250,00000

Worcester RR 1st matured 4s of 1896 ..

399.500 00

Delaware and Chesapeake Ry.
Delaware, Md. & Va. RR. Co.
Junction RR Co

Phila. & Bait. Cent. RR. 1st 4Js of 1911 100,000 00
Queen Anne's & KentRR. (manuscript b'ds). 30,814 69

Phila. & Bait. Cent. RR. Co...
Queen Anne's & Kent RR. Co.
So. Chester RR. Co. .
Union RR. Co. of Baltimore.
Elkton & Mid'n RR. Co., Instal

Total par value of stocks. .

Total par value of bonds

. $853.314 69

Total par value of stocks (bro't over).. . .

.. 7,286,67500

Total stocks and bonds

..$8,139,98969

Ledger value of same

.. 4,053.39504

Income received from securities

...$7,286.67500

. $353,88550

POORS MANUAL — PENNSYLVANIA RR. SYSTEM.

649

Statement of earnings, expenses, etc. of the P., W. & B. and controlled lines, year
ending Oct. 81, 1897 :

Earnings.

Expenses.

Net
Earnings.

Earnings.

Expenses.

Net
Earnings.

P., W. & Belt RR.
B. &P.RR..inc.»
Catonsv. 8. L. J
Wash. So'nRy...
P. & B. Cent. RR.
P. & Del. Co. RR.
Delaware RR

$

4,362,379 37

1,868,512 50

280,614 89
818,027 22
9,23852
1,087,466 36

$
3,014,411 90

1,315,88345

237,93295
708,413 59
14,581 71
766,30369

1,347,967 47
552,629 05

42,681 94
109.61363
Def. 5,343 19
321,16267

Q. A. & Kent RR.
Del. & Ches. Ry.
D.,Md.&Va.RR..
Cam. & Seaf .RR.

Total

$
27,85047
96,88104
208,019 10
32,44; 01

'.

41,05835
86,037 84
189,169 76
30,411 86

$
Def. 13,207 88
10,843 20
18,849 34
2,035 15

8.791,436 48

6,404,205 10

2,387,231 38

RAILROADS OWNED, LEASED, OR OPERATED BY THE P., W. & B. RR. Co.

Baltimore and Potomac RR.— Baltimore,
Md., to Pope's Creek, Md., 73.10 m.; Bowie, Md., to
South end Long Bridge, Va., 18.90 m. ; Loudon Park
to Claremont Stock Yards, Md., 1.20 m.— total, 93.20
miles. Leased: Catonsville Short Line RR., Loudon
Park to Catonsville, Md., 3.80 miles. Total operated,
97 miles. 2d track, 42.70 m.; 3d track, 4.50 m.; 4th
track, 4.22 m.; sidings, 39.35 m.— total track, 187.77
miles. Gauge, 4 ft. 9 in. Rail (steel, 151.49 m.), 56
to 85 Ibs. Chartered in Maryland, May 6, 1853, and
in the District of Columbia, Feb. 5, 1867; opened to
Washington, July 2, 1872, and to Pope's Creek, Jan.

1, 1873. The Baltimore Tunnel was opened June 29,
1873. Controlled by the P. RR. Co., which owns
$4,081,100 of its capital stock. The Catonsville S.
L. RR. is operated at cost. Operated since Nov. 1,
1891, by the P., W. & Baltimore RR. Co., the rental
being net earnings— year ending Oct. 31, 1897, $552,-
629; interest, $832— total, $553,461. Deductions: In-
terest on bonds, $420,000; on equipment, $46,566; on
other obligations, $1,713; taxes, $49,628; right of
way expenses, etc., $6,104— total, $524,011. Surplus,
$29,450.

General Balance Sheet, Oct. 31, 1897.

Cost of Road |9,706,5072t

Cost of Tunnel 8,000,00000

All Other Assets

Profit and Loss

155,759 06 Sundry Accounts.
235,53358

Total Assets $13,096,79985

Statement of operations, etc., for eight fiscal periods:

Capital Stock (shares, $50) $5,531,10000

Funded Debt Outstanding 7,500,00000

65,699 85

Total Liabilities : »18,09ti,799 85

1890

Dec. 31.

1891

Oct. 81,

10 mos.

1892

Oct. 31.

1893

Oct. 31.

1894
Oct. 31.

1895
Oct. 31.

1896

Oct. 31.

1897

Oct. 31.

Miles of Railroad

95 86

95 86

97 03

97 01

97 01

97 00

07 nn

Passengers Carried

2 641 687

2 671 654

3 434 651

3 623 111

3 468 253

3 825 933

Passenger Miles

38 427,204

34 338 4<X)

44 17° 374

45*715 893

41 031 654

42 771 314

Freight (tons) Moved

1 369546

l'213*196

1 663 878

1 723 0^9

1 620 819

1 815 170

i 700 ocn

Freight (ton) Miles

43 127 442

37449 179

51 073 804

56 607 631

52 912 570

60 2(55 960

Passenger Earnings

971 227

$

853 593

' $'

1 027 804

' $'

1 061 254

963 188

$
1 008 415

$

943 126

S

Freight Earnings

573 537

519 600

680 982

705 015

675 615

'742'214

Miscellaneous

163 604

143 940

158 142

179 302

197 725

224 042

141 284

Gross Traffic Earnings
Traffic Expenses

1,708,368
1,245,520

1,517,133
1,075 126

1,866,929
1 590274

1,945,571
1 549225

1,834,528
1 328 113

1,974.671
1 355 147

1,882,981
1 347 378

1,868,512

Net Traffic Earnings .
Available Revenue

462,848
464 404

442,007
446 244

276,655
290,906

396,347
396 647

506,415
506415

619,624
619 524

535.603
535 904

552,629

Interest, Rental, etc.

431,297

394,610

460,476

569,347

539,712

568,839

539 479

Balance ( + or — )

+ 33,107

+ 51,634

— 169,480

— 172,700

— 33297

+ 50 685

3 575

Gross Earnings per Mile
Gross Expenses per Mile...
Net Earnings per Mile
Expenses to Earning*
Aver. Rate p. Pass, per Mile.
Aver. Rate p. Ton per Mile.

Capital Stock

17,821 49
12,993 11
4,828 38
78.91 p. c.
2.52C.
1.33 c,
S

4,914,250

15,826 54
11,215 58
4,610 96
77. 46 p. c.
2.49c.
1.38C.

4,914,250

19,240 74
16,389 51
2,851 23
86. 18 p. c.
2.33c.
1.33c.

4,914,250

20,055 37
15,969 74
4,085 63
79.63 p. c.
2.32c.
1.24c.
$
4,914,250

18,910 71
13,690 48
5,22023
72. 39 p. C.
2.53C.
1.28C.
$
4,914,250

20,357 43
13,970 58
6.386 85
68. 63 p. C.
2.36C.
1.23C.
8
4,914,250

19,412 17
13.89049
5,521 68
71. 56 p. c.
2.28 c.
1.19 c.
$
5 531 100

19,263 01
13.565 80
5.697 21
70.42 p. c.
2.14 c.
1.14c.
S

Funded Debt

7,500,000

7,500,000

7,500,000

7,500,000

7,500,000

7,500,000

7 500 000

Other Liabilities

417,147

446,480

377,336

715,924

748,617

686,906

66 759

Profit and Loss

33,122

84,757

Total Liabilities

12,864,519

12,945,487

12,791,586

13,130,174

13,162,867

13,101,156

13 097 859

13 096 800

Railroad and Equipment. . .
Other Property and Assets .
Profit and Loss

11,533,496
1,331,023

11,598,330
1,347,157

12,024,066
678,195
89.325

12,728,507
139,085
262,582

12,707,507
159,036
206,324

12,105,507

138,877
256,772

12.705.507
127,217
265 135

12,705,507
155,759
235 534

•

Total Prop, and Assets.

12,864,519

12,945,487

12,791,586

13,130,174

13,162,867

13,101,156

13,097,859

13,096,800

Statement of funded debt in detail, Oct. 31, 1897.
1st mtge. (RR., 91.73 m.) 6 p. c. 40-yr.
gold tends, due April 1, 1911, int. April

and Oct $3,000,000

1st mtge. (Tunnel, 1.5 m.) 6 p. c, 40-yr.

gold bonds, due July 1, 1911, int. Jan.

and July 1,500,000

Consol. mtge. (RR. and Tunnel, 93.23 m.) 5
p. c. 40-yr. coup. Iwnds, due July 1,
1929, int. Jan. and July 3,000,000

650

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS/

The 1st rntge. bonds, both RR. and Tunnel, are
$1,000 coup, bonds, with registration privilege; prin-
cipal and interest guaranteed by the P. RR. Co., and
the Northern Central Ry. Co., and payable in gold
free of all State and national taxes. There is pro-
vision for sinking fund of 1 p. c. -per annum. The
authorized issue of consols is $10,000,000, of which
$3,000,000 have been issued ($2,000,000 to retire a
like amount of income bonds and $1,000,000 for ac-
crued interest on incomes); $4,500,000 are reserved to

retire 1st mtge. bonds, due In 1911, and the re-
mainder, $2,500,000, is to be applied, upon authority
from the stockholders, to construction, equipment,
and other interests of the company. Trustees: 1st
mtge., B. F. Newcomer and Wm. T. Walters; consols,
Safe Deposit and Trust Co., Baltimore, Md. Interest
on the 1st mtge. RR. bonds payable at Baltimore,
Md., and at the Loudon Joint Stock Bank; on tunnel
bonds, at Baltimore, Md., and at Speyer Bros., Lon-
don,- Kng., and on consols, at Philadelphia, Pa.

Board of Directors, B. & P. SB. Co., elected June 1, 1898.

R. D. Barclay Philadelphia, Pa. John Cassels Washington, D. C. J. B.*Ramsay Baltimore, Md.

Chas. E. Pugh " MichaelJenkins..-. ..Baltimore, Md. R. C. Hall "

Samuel Cox, Jr Cox Station, Md.

B. F. NEWCOMER, President Baltimore, Md.

Chas. E. Pu<j;h, 1st Vice- President Philadelphia, Pa.

W. J. Sewell, 2d Vice- President Washington, D. C.

Treasurer— R. W. Smith Philadelphia, Pa. | Sec. and Auditor— James P. Kerr Baltimore, Md.

PRINCIPAL OFFICE AND ADDRESS Philadelphia, Pa.

Cambridge and Seaford RR.— Del-Md.
State Line, near Oak Grove, Del., to Cambridge, Md.,
27.24 m. ; total track (steel. 2.48 m.). 28.78 miles.
Reorganization May 16, 1883, of the Dorchester and
Delaware RR. Co. (See Manual for 1891.) Operated
by the P., W. & B. RR. Co.; rental, net earnings— for
year ending Oct. 31, 1897, $559 (with $1,476 taxes
deducted) ; interest on equipment, $746. Deficit. $187.
Financial Statement, Oct. 31, 1897.— Capital stock
(par, $50), $500,000; unfunded debt, $177,280— total,
$667,280. Contra: Cost of road, $500,000; profit and
loss, $177,280— total, $677,280. Frank Thomson,
Pres.; Robt. H. Groff, Sec.; Robt. W. Smith, Treas.,
Broad Street Stati<»n, Philadelphia, Pa.

Delaware RR.— Shellpot Crossing, Del., to Del-
mar (Md. Line), 95.22 m.; June. Shellpot Branch, P.,
W. & B. RR., to Newcastle, Del., 5.45 m. ; Massey's,
Md., to Townsend, Del., 9.25 m. ; Clayton to Smyrna,
Del., 1.29 m. ; Seaford to Md. State Line near Oak
Grove, Del., 5.73 m.— total. 116.94 m.; total track
(steel, 137.81 m.), 166.93 miles. Rail, 70 Ibs. Char-
tered June 20, 1836; charter revised Feb. 22, 1849;
road completed in 1860. Leased in 1876 (lease of
April 23, 1875, revised Jan. 13, 1882), until May 4,
1897, to the P., W. & B. RR. Co., at a rental equal
to interest on bonds and 6 p. c. dividends on stock,
any surplus net earnings remaining being divided
equally between the lessor and the lessee; any
deficiency in net earnings to meet interest and
dividends to be advanced by lessee and reim-
bursed from future net earnings. (See Manual for
1891.) Under the new lease, dated May 1, 1897, for
30 years, the lessor receives as rental the entire net
earnings of its road, out of which it pays interest on
bonds and dividends on stock. Net earnings, year
ending Oct. 31, 1897 (see p. 649), $321.163: other re-
ceipts, $12,872— total, $334,035. Deductions: Inter-
est on bonds, $22,500; on equipment, $22,759; divi-
dends (6 p. c.), $161.240; charged against dividend
fund in adjustment of rental under lease expiring
May 1, 1897, $26,873; taxes, $5,880; right of way
expenses, $1,000— total, $240,252. Surplus, $93,783.

General Balance Sheet, Oct. 31, 1897.
Dr.

Cost of Road t $3,261.070 49

Sinking Funds 945,751 69

P., W. and B. RR. Co., Deposit Account 180,817 69
Cash 1,235 73

Total Assets $4,388,875 60

Cr.
Registered Capital Stock (shares, $25). .$2,687,325 00

Funded Debt 500,000 00

Sinking Funds 945,751 69

Interest and Dividends Accrued 88,119 75

Profit and Loss 167,679 16

Total Liabilities $4,388,875 60

The funded debt consists of $500,000 gen. mtge. 4J
p. c. 40-yr. $1,000 gold bonds, due July 1, 1932, inter-
est Jan. und July, at office of P., W. & B. RR. Co.,
Broad St. Station. Philadelphia, Pa. The gen. mtge.
bonds were issued to the P., W. & B. RR. Co in
?2A'J, Pnyn^nt for 16.72 m. of road. (See Manual for
1892.) The authorized amount of gen. mtge. bonds is
$2,000,000. E. Tatnall Warner, Pres., Wilmington,
Del.; M. Hayes, Sec. & Treas.. Dover, Del. Cor-
porate Office, Dover, Del.

Delaware and Chesapeake Ry.— Clayton,
Del., to Oxford, Md., 54.30 m. ; total track (steel,
48.01 m.), 60.90 miles. Rail, 50 to 60 Ibs. Reorgan-
ization, July 31, 1878, of the Md. & Del. RR. Co.,
whose property was sold under foreclosure Dec. 20,
1877. (See Manual for 1890.) The P., W. & B. owns
all of the stock and operates the line as agent for the
company, guaranteeing the bonds, principal and inter-
est. Net earnings, year ending Oct. 31, 1897 (see p.
049), $10.843. Payments: Interest on bonds, $16,000;
on equipment, $2,455; taxes, $2,654— total, $21,109.
Deficit, $10,266. Financial Statement, Oct. 31, 1897.
—Capital stock (shares, $25), $600,000; funded debt (4
p. c. 30-yr. mtge. coup, bonds, due Feb. 1, 1912,
interest Feb. and Aug.), $400,000; unfunded debt,
$501,153— total, $1,501,153. Contra: Cost of road and
real estate, $1,002,913; profit and loss, $498,240—
total, $1,501,153. Interest on bonds payable at Broad
St. Station, Philadelphia, Pa. Frank Thomson, Pres.;
John M. Harding, Sec.; Robert W. Smith, Treas.,
Philadelphia, Pa. Corporate Office, Broad St.
Station, Philadelphia, Pa.

Delaware, Maryland and Virginia RR.
— Harrington to Rehoboth, Del., 43.57 m.; George-
town, Del., to Franklin City, Va., 53.96 m.— total,
97.53 m.; total track (steel, 68.05 m.), 112.94 miles.
Consolidation, June 1, 1883, of the Junction and
Breakwater, the Breakwater and Frankford, and the
Worcester RR. of Md. (See Manual for 1890.) Under
an agreement which took effect July 1, 1885, the road
is operated by the P., W. & B. RR. Co., as agent,
the rental being net earnings. Net earnings, year
ending Oct. 31, 1897 (see p. 649), $18.849. Paid inter-
est on bonds, $37,550; on equipment. $4,755; taxes,
$3,059— total, $45,864. Deficit, $26,515. Interest on
floating debt is not included in this statement. Fi-
nancial Statement, Oct. 31, 1897.— Capital stock (par,
$25), $526,758; funded debt (J. & B. RR. 1st 4s, due

1890, extended at 3 p. c. to Jan., 1932, $185,000; J.
& B. RR. 2d 4s, due Feb. 1, 1899, interest Feb. and
Aug., $250,000; B. & F. RR. 1st 4s, due 1898, ex-
tended to Jan., 1932, at 3 p. c., $200,000; W. RR. 1st
mtge. 4 p. c. 20-yr. coup, bonds, due April 1, 1896,
interest April and Oct., $400,000). $1.035,000; un-
funded debt, $633,804— total, $2,195.562. Contra:
Cost of property, $1,822,999; profit and loss, $372,563
—total, $2,195,562. The State of Delaware holds the
entire issues of 1st mtge. bonds of the J. & B. and
the B. & F. RR. The total of the former issue was
$400,000, at 4 p. c., but $50,000 was paid off July 1,

1891, and an additional $165,000 on Nov. 1, 1891.
The State consented to extend payment of the bal-
ance, $185,000, and also the $200,000 bonds of the
B. & F. RR., to Jan. 1, 1932, at the reduced rate of
3 p. c., payable Jan. and July. Trustees of 2d mtge.:
J. & B. RR. and 1st mtge. Worcester RR. bonds,
Farmers' Loan and Trust Co.. New York, N. Y. No
trustees for other bonds. Frank Thomson, Pres. ;
John P. Green, Vice-Pres.; John M. Harding, Sec.;
Robt. W. Smith. Treas. General Office, Broad St.
Station, Philadelphia, Pa.

ElUton and Middletown RR. of Cecil
County.— Projected: Elkton, Md., to Middletown,
Del., 12 miles. Completed, Oct. 31, 1895; Elkton to
Big Elk River. Md., 0.33 m.; total track, 0.47 mile.
Rail (steel), 70 Ibs. Chartered March 8, 1880; road
completed as above during 1895. Operated by the
P., W. & B. RR. Co. Capital stock. $192.000; in-
come balance, $770— total, $192,770. Contra: Cost of
road, etc., $69,502; all other assets, $123,268— total,
$192,770. (For interest owned by P., W. & B. RR.

POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM.

651

Co. in this company, see page 649. .1 Samuel Rea,
Pres. ; F. W. Schwarz, Sec. & Treas., Philadelphia,
Pa. General Office, Broad Street Station, Philadel-
phia, Pa.

Philadelphia and Baltimore Central
RR.— West Philadelphia, Pa., to Octoraro June.,
Md., 62.62 m.; Wawa to West Chester, 9.43 m.;
Brandywine Summit to Kaolin Works, 1.63 m.—
total, 73.68 miles. Leased : Chester Creek RR. : Lennl
to Lamokin, 6.69 miles. 2d track, 13.15 m.; sidings,
25.50 miles. Gauge, 4 ft. 9 in. Rail (steel, owned,
96.78 m.), 52$ to 70 Ibs. Consolidation (Oct. 31, 1881)
of the Philadelphia and Baltimore Central and the
West Chester and Philadelphia RR. Cos. (See Man-
ual for 1890.) Controlled by the P., W. & B. RR. Co.
and road operated by that company as agent, under
a contract which provides for the payments of net
earnings to P. & B. C. RR. Co. Net earnings, year
ending Oct. 31, 1897 (see p. 649), $109.614; add inter-
est on deposits, $22,742— total, $132,356; Payments:
Rental (C. C. RR.), $23,791; taxes, $14.967; interest
on bonds, $104,000; on equipment, $22,722; other in-
terest, $1,061— total, $166.541. Deficit, $34,185. Fi-
nancial Statement, Oct. 31, 1897.— Capital stock (par
$50), $2,499.219; funded debt, $2,200,000; ground
rents, $61,513; interest unpaid and accrued, $52,126;
profit and loss, $35,215— total, $4,848,073. Contra:
Construction. $4,352.516; stocks and other invest-
ments, $1,100; cash, $494,457— total, $4,848,073.
Funded debt consisted, Oct. 31, 1897, of $2,200,000
consol. mtge. (P. & B. C. RR.) 30-yr. bonds, due Nov.
1, 1911, Interest May and Nov., $1,000,000 at 5 p. c.
and $1,200,000 at 4} p. c. The authorized issue of
consols, is $2,500,000. The company guarantees in-
terest on bonds and 6 p. c. on $185,000 stock to the
Chester Creek RR., as rental. (See statement fol-
lowing.) Interest payable at Philadelphia, Pa.
Frank Thomson, Pres.; John P. Green, Vice-Pres. ;
John C. Sims, Sec.; Robert W. Smith, Treas., Phila-
delphia, Pa. General Office, Broad Street Station,
Philadelphia, Pa.

CHESTER CREEK RR.— Lamokin to Lenni,
6.69 m.; total track (steel, 7.06 m.), 9.28 miles. Rail,
62} to 60 Ibs. Leased to the Phila. & Bait. Central
RR., for 999 years from Jan. 13, 1868, at an annual
rental of $22,200 (and taxes— in 1896-97, $1,591.26),
being interest on bonds, and 6 p. c. (payable Jan. and
July) on $185,000 stock. No dividends are paid on
$87,100 stock issued by the lessee for betterments.
Financial Statement, Oct. 31, 1897.— Capital stock,
$272,100; funded debt (6 p. c. 35- yr. 1st mtge. bonds,
due Jan. 1, 1903, interest Jan. and July). $185.000;
unpaid interest and dividends, $42— total, $457,142.
Contra: Cost of road, etc., $457,100; other assets, $42
—total, $457.142. Interest payable at Broad St. Sta-
tion, Philadelphia, Pa. John P. Green, Pres.; J. M.
Harding, Sec.; Robt. W. Smith, Treas., Philadelphia,
Pa. General Office, Broad Street Station, Philadel-
phia, Pa.

Philadelphia and Delaware County RR.
— Fernwood to Newtown Square, Pa., 9.93 m.; total
track, 11.26 miles. Rail (steel), 70 Ibs. Chartered
in April, 1890; road opened July 2, 1894. Operated
at cost by the P., W. & B. RR. Co., as agent for the
owners. Income, etc,, year ending Oct. 31, 1897. —
Gross earnings, $9,239. Expenses, $14,582. Loss on
operation, $5,343. Paid Interest on bonds, $9,000; on
cit, $15,062. Capital stock, $354,750; funded debt
(1st mtge. 5 p. c. 30-yr. bonds, due April 1, 1925,
interest April and Oct.; authorized, $250.000), $180,-
000; unfunded debt, $65,094— total, $599,844. Contra:
Cost of road, etc., $539,340; all other assets, $4,029;
profit and loss, $56,475— total, $599.844. Interest pn
bonds payable at the company's office, Philadelphia,

Pa. Samuel Rea, Pres.; Albert Hewson, Sec.; Taber
Ashton, Treas., Philadelphia, Pa. General Office,
Broad Street Station, Philadelphia, Pa.

Queen Anne's and Kent RR.— Massey's
Cross Roads, Md., to Centreville, Md., 25.90 m.; total
track (steel, 5.40 m.), 28.50 miles. Rail, 50 Ibs.
Chartered March 6, 1856; repealed by act of March
21, 1867; present charter March 21, 1867; road opened
in Aug., 1869. Sold under foreclosure and reorgan-
ized in 1876. On Oct. 1, 1881, the road was attached
to the Delaware Division of the P., W. & B. RR. Co.,
which company owns a majority (52 p. c.) of the
stock. From May 12, 1894, to April 30, 1896, the
road was operated under its own organization, and
since the latter date It has been operated by the P.,
W. & B. RR. Co. as agent. Deficit from operations,
year ending Oct. 31, 1897, $13.208; add interest on
equipment, $1,051; taxes, $1,523— total deficit, $15,-
782. Financial Statement, Oct. 31, 1897.— Capital
stock, $314,835; unfunded debt, $274,876— total, $589,-
711. Contra: Construction, $334,292; profit and loss,
$255,419— total, $589,711. W. A. Patton, Pres.;
Robert H. Groff, Sec.; Robt. W. Smith, Treas.,
Philadelphia, Pa. General Office, Broad Street Sta-
tion, Philadelphia, Pa.

South Chester RR.— North Side Howell St.,
Chester, Pa., to Crescent Oil Works, 2.72 m. ; Clay-
mont Branch Extension, State Line to Naaman's
Creek, Del., 0.72 m. ; Lamokin Run Branch, to Lamo-
kin, Pa., 0.49 m.; Linwood Branch, Llnwood to
Marcus Hook, Pa., 0.55 m.— total, 4.48 miles. Sid-
ings, 1.94 miles. Rail (steel), 60 Ibs. Chartered
Jan. 22, 1891. Linwood Branch built in 1892; main
line and Lamokin Run Branch in 1893. Financial
Statement, Oct. 31, 1897.— Capital stock, $250,000.
Contra: Cost of road, etc., $192,354; other assets,
$57,646— total, $250,000. Operated by the P., W. &
B. RR. Co. in connection with the Maryland Division.
John P. Green, Pres.; Albert Hewson, Sec.; Taber
Ashton, Treas., Philadelphia, Pa. Corporate Office,
Philadelphia, Pa.

Washington Southern Ry.— South end of
Long Bridge, Va., to Quantico, Va., 32.27 m.; south
end of Long Bridge to Rosslyn, Va., 3.18 m.; St.
Asaph June, to Princess St. Alexandria, Va., 1.07 m.;
St. Asaph June, to Duke St., Alexandria, Va., 1.33
m.— total, 37.85 m. ; total track (steel, 44.81 m.),
49.13 miles. Rail, 70 and 85 Ibs. Consolidation,
March 26, 1890, of the Alexandria and Fredericks-
burg and Alexandria and Washington Ry. Cos. (See
Manual for 1890.) Operated since Nov. 1, 1891, by
the P., W. & B. RR. Co. Gross earnings, year end-
ing Oct. 31. 1897 (see page 649), $280.615. Expenses.
$237,933. Net income, $42,682. Paid taxes, $6,435;
interest on bonds, $50,000; on equipment, $7,692; on
other obligations, $559— total, $64,686. Deficit, $22,-
004. This result does not include any allowance for
interest on $200,000 of unfunded debt. Financial
Statement, Oct. 31, 1897.— Capital stock (auth., $2,-
500,000; par, $50), $1,000,000; funded debt (1st mtge.
5 p. c. 50-yr. $1,000 gold coup, bonds, due May 1,
1940, interest May and Nov.; auth., $2,500,000), $1,-
000,000; unfunded debt, $225,000; other liabilities,
$9 533— total, $2,234,533. Contra: Cost of road,
$2,096,245; other assets. $22,211; profit and loss.
$116,077— total, $2,234,533. Bonds are coupon, with
provision for registration as to principal in name of
owner, or to bearer at option of owner, and are
secured on the entire line. Trustee: Safe Deposit
and Trnst Co. of Baltimore, Md. Interest payable
at Baltimore, Md. Frank Thomson, Pres.; John P.
Green, Vice-Pres.; Albert Hewson, Sec.; Robert W.
Smith, Treas., Philadelphia, Pa. General Office,
Broad Street Station, Philadelphia, Pa.

Board of Directors, P., W. & B. RR. Co., elected Jan. 10, 1898.

Frank Thomson. . .Philadelphia, Pa.
William Sellers....

Preston Lea Wilmington, Del.

John P. Green Philadelphia. Pa.

John Cassels Washington, D. C.

Benj. F. Newcomer.. Baltimore. Md.

Skipwith Wilmer "

Edward Lloyd Tunis' Mills, Md.

Win . H. Barnes .... Philadelphia, Pa.
E. Tatnal Warner. .Wilmington, Del.

German H. Hunt Baltimore, Md.

B. B. Comegys Philadelphia, Pa.

N. P. Shortndge...
Chas. E. Pugh......

S. M. Prevost

FRANK THOMSON, President Philadelphia, Pa.

John P. Green, Vice-President

2rf Yice-Pres.— Charles E. Pngh Philadelphia, Pa.

3d VlcePres.— S. M. Prevost

Treasurer.— Robert W. Smith

Asst. Treasurer.— P. F. Hunter Philadelphia, Pa.

Secretary. — J. C. Sims

Asst. Secretary.— Lewis Neilson

PRINCIPAL OFFICE AND ADDRESS Broad Street Station, Philadelphia, Pa.

652 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

PENNSYLVANIA RR. SYSTEM.— AFFILIATED OR CONTROLLED LINES.
UNION RAILROAD COMPANY OF BALTIMORE. '

Line of Road.— Baltimore to Bay View Jc., Canton and Colgate Creek, Md., 9.65 miles.
2d track, 8.63 m.; sidings, etc., 10.88 miles. Gauge, 4 ft. 9 in. Rail (steel), 70 and 85 Ibs.

History. — Chartered in 1866 ; road opened in 1873. The Northern Central Ry. Co. ac-
quired control of this road by purchase of its entire capital 'Stock (then $600,000), and assumed
payment of the bonded debt, principal and interest. This is a toll road, and its operations
are kept separately. See statement for Northern Central Ry. Co. on page 642.

Operations, year ending Dec. 31, 1897.— Earnings (passenger, $126,991; freight, $576,257;
other, $1,571) $704,819. Operating expenses, $96,656. Net earnings, $608,163 ; add other
receipts, $23,212— total income, $631,375. Total deductions (including dividends, $462,000),
$515,166. Surplus, $116,208.

Financial Statement, Dec. 31, 1897.— Capital stock, $2,100,000; funded debt (2d mtge.
(£ or $) 6 p. c. 27-yr. bonds, due May 1, 1900, interest May and Nov.), $600,000; mtges. and
ground rents payable, $3,598; profit and loss, $123,081 — total, representing cost, etc.,
$2,826,679.

Directors (elected Jan. 26, 1898). — B. P. Newcomer, Francis M. Darby, Bernard Carter,
Michael Jenkins, Harry Walters, B iltimore, Md. Appointed by the Canton Co.: D. D. Mallory,
W. B. Brooks, Jr., Baltimore, Md. Appointed by the City of Baltimore: Wm. S. Thomas,
J. Olney Norris, Baltimore, Md.

B. F. NEWCOMER, President «i Baltimore, Md.

Frank Thomson, Vice- President Philadelphia, Pa.

Treasurer— A. W. Hendrix Baltimore, Md. | Sec. & Auditor— James P. Kerr Baltimore, Md.

PRINCIPAL OFFICE AND ADDRESS Baltimore, Md.

PENNSYLVANIA RR. SYSTEM.— AFFILIATED OR CONTROLLED LINES.

WEST JERSEY AND SEASHORE RAILROAD COMPANY.

Main Line of Road. — Camden to Cape May, N. J .............. 80.92 m.

Atlantic City Division : Camden to Atlantic City, N. J .......... r.. .58.73 m. — 139.65 miles.

( Woodbury to Salem, N. J ......... 28.39 m.

Salem and Swedesboro' Branch : •< Branch in Salem, N. J ............. 1.27 m.

( Elmer to Riddleton June., N. J ____ 10.38 m.— 40.04

Alloway and Quinton Branch : Alloway June, to Quinton, N. J ................ 4.22

Bridgeton Branch : Glassboro' to Bridgeton, N. J ........... ................. 19.68

West Jersey Terminal Dr.: Main St. to Pearl and Lemon Sts., Bridgeton, N. J. . 1.67
Maurice River Branch : Manumuskin to Maurice River, N. J .................. 9.76

Sea Is'e & Ocean fit,/ Br • \ Sea Isle Junc' to Sea Isle Citv' N> J ...... 4'79 m'

Lity Br.. -J gea Is]e Cjty to 2d St Pier Ocean City> N. J.11.68 m.— 16.47

Avalon Beach Branch : Sea Isle City to Stone Harbor, N. J ............. : ..... 9.06

Anglesca Branch : Anglesea June, to Holly Beach, N. J ..................... 7.24

South Atlantic City Branch : Seaview Excursion House to Longport, N. J ...... 5.67

Atlantic City Branch: Absecon Inlet to Seaview Ex. Ho., Atlantic City, N. J. . 3.16
Chelsea Branch : Drawbridge, Atlantic City, to Jc. with So. Atl. City Br ....... 1.23

West Jersey and Atlantic Br.: Newfield to Jc.C.& Atl.RR. near Atlantic City,N.J. 32.60
Pleasantvitte and Ocean City Br.: Pleasantville to Somers' Point, N. J ......... 7.14

Phila. , Marlton and Medford Br. : Haddonfield to Medford, N. J .............. 11.98

Total length of lines operated, Dec. 31, 1897 .............................. 309.57 miles.

2d track, 55.06 m. ; 3d track, 1.29 m.; sidings, 81.81 m.— total track (steel, 399.19 m.), 447.73
miles. Gauges, 4 ft. 8£ in. and 4 ft. 9 in. Rail, 40 to 100 Ibs.

In addition to its railroads the company operates ferry lines as follows :
Cooper's Point and Philadelphia Ferry .......................................... 1.00 mile.

Kensington and New Jersey Ferry ............................................. 1.00 "

History. — Consolidation, May 4, 1896, of the West Jersey, the Alloway and Quinton, the
West Jersey and Atlantic, the Camden and Atlantic, the Chelsea Branch, and the Philadel-
phia, Marlton and Medford RR. Cos. (See MANUAL for 1896, p. 752, et seq.)

Rolling Stock, Dec. 31, 1897. — Locomotives, ds. Cars — passenger, 153 ; parlor, 18 ;
passenger-baggage, 24; baggage mail, 7; baggage, 16; baggage-express, 4; street, 64;

POORS MANUAL — PENNSYLVANIA RR, SYSTEM.

653

freight (box, 313 ; gondola, 159 ; furniture, 6 ; refrigerator, 1 ; dump, 8 ; flat, 43 ; cabin, 11),
541 — total revenue cars, 827. Also 148 service cars and 4 steamboats.

Operations, year ending Dec. 31, 1897. — See tabulated statement below.

Expenses— Transportation $1.127,668 24

Maintenance of Equipment . . 331,594 31
Maintenance Way & Buildings. 449,172 &1
General'. 50,582 11

Earnings— Passenger $1,580,383 75

Freight 726,00690

Mail and Express 215,285 81

Miscellaneous and Rents 29,263 61

Total ($8,187.37 per mile) $2,550,940 07

Total ($6,287.57 per mile) $1 ,959,017 60

Net earnings (23.20 p. c.), $591,922.47; add interest received, $5,242.71 ; interest on
equipment, $2,632.74— total, $599,797.92. Payments : Interest on bonds, $253,381 ; on
mtges. and ground rents, $1,852; rental (Kensington and New Jersey Ferry), $1,856.34;
dividends (6 p. c. on special guaranteed stock, $6,240 ; 5 p. c. on common stock, $229,380),
$235,620; taxes, $55,113; sundry items, $600; extraordinary expenses, $4,715.40 — total,
$553,137.74 Surplus, $46,660.18 ; surplus forward ($738,799.19, deduct $215,397.63, amount
expended to Dec. 31, 1897, for relaying present tracks between Camden and Atlantic City not
properly chargeable to capital account, and sundry other charges), $523,401.56 — total surplus,
Dec. 31, 1897, $570,061.74.

Statement showing operations, Income, etc., of the lines now forming the West Jersey
and Seashore RR., for three years, ending Dec. 81 :

1895

1896

1897

1895

1896

1897

Miles RR. Operated.
Pass. Train Mileage.
Freight Tr. Mileage.
Other Train Mileage .

Total Train Mileage .
Passengers —
1st Class

311.57
1,605,710
453,140
29,811

311.57
1,657,054
454,735
32,840

311.57
1,708,098
444,156
63,566

Earnings —
Passenger

$

1,589,247 39
732,308 72
244,29068

1,598,61300
709,519 80
246,786 72

$
1,580,383 75
726,006 90
244,549 42

Freight

Other

Total

2,088,66;

2,676,023

18
1,197,759

2,144,629

2,735,337
27
1,184,602

2,215,820
2,827,019
1,155,158

2,565,846 79

1,083,616 58
454,728 18
364,343 89
46,89007

2,554,919 52

1,119,918 18
447,800 33
346,777 62
53,53532

2,550,940 07

1,127,668 24
449,172 91
331,594 34
50,58211

Expenses-
Transportation..
Mainten'ce Way.
Equipment . .

Emigrant

Commutation —

Total Pass. Carried
Passenger Mileage..
Tons Moved—
Way

3,873,800
95,916,097

1,001,491
97,295

3,919,966
97,624,832

949,068
110,898

3,982,181
99,400,988

1,012,439
. 100,651

Total Expenses ...
Net Earnings

1,949,578 67

616,268 12
32,831 20

1,968,031 45

586,88807
23,570 71

1,959,01760

591,922 47
7,875 45

Through

Other Receipts
Total Net Income .
Paid Interest

Total Tons Moved.
Tons Moved! Mile..

Av. Rate p. P. p. M.
Av. Cost p. P. p. M..
Av. Profit p. P. p.M.
Av. Rate p. T. p. M..
Av. Cost, p. T. p. M..
Av. Profit p. T. p.M.

1,098,786
31,445,329

1.387c.
1 .374 c.
O.OISc
2.329 c.
1.397c.
0.932 c.

1,059,966
30,265,392

1.360C.
1.408C.
L. 0.048 c.
2.344c.
1.380C.
0.964C.

1,113,090
31,801,706

1.323C.
1.367C.
L. 0.044 c.
2.319 c.
1.338C.
0.981 c.

649,099 32

318,678 75
6,83680
100,443 56

610,458 78

280,129 57
11,75849
67,897 53

599,797 92

255,23300
1,85634
60,428 40

Rentals .

Taxes, etc

Total Payments...

Balance, Surplus
Gross Earnings p. M.
Gross Expenses p. M.
Net Earnings p. Mile
Exp. to Earnings

425,959 11

223,140 21
8,232 01
6,257 27
1,974 74
75.98 p. C.

359,785 59

250,673 19
8,200 15
6,316 50
1,88365
77.03 p. c.

317,517 74

282,280 18
8,187 37
6,287 57
1,899 80
76.80 p. c.

General Balance Sheet, Dec. 31, 1897.

Cost of Road.

$7,702,899 81

Equipment 1,220,609

Real Estate

Materials and Supplies

545,341 24
333,418 12

Stocks Owned (see below) 227,125 04

Due from Other Companies, etc 124,716 97

Due from Supt. and Agents 91,374 96

Bills Receivable 7,351 00

Miscellaneous Assets 12,656 31

Cash on Hand " 138,031 44

Total Assets $10,403,524 69

Cap. Stock, Ord. (par, $50).. $4, 587, 600
Cap. St'k, Sp. Guar. (par, $50). 104,000— $4,691,600 00
Stocks of Constituent Cos. not yet Con-
verted— at their Merger Value.

3,445 00

Funded Debt 4,522,400 00

C.' & A. RR. Co. Certs, of Indebtedness..
Pay Rolls and Vouchers.

Interest on Bonds, Matured and Accrued.
Dividends Uncollected by Shareholders. .
Dividends Constituent Cos. Uncollected.
Dividend Scrip Outstand. (Constit. Cos.)

Common Stock Scrip Outstanding

Traffic Balances Due Other Roads

Other Accounts Due Controlled Cos. . . .

Other Liabilities

Profit and Loss

Total Liabilities .$10,403,524 69

264 96
431,048 98
83,419 19
415 75
1,110 00
190 00
260 00
65,753 54
33,075 58
479 95
570,061 74

The stocks owned by the company consist of 828 shares, $100 each, of Cooper's Point and Philadelphia
Ferry Co., $82,800; 1,881 shares, $50 each, of Kensington and New Jersey Ferry Co., $94,050; 108 shares, $500
each, of Sea View Hotel Co., $54,000; 120 shares, $50 each, of West New Jersey Express Co., $6,000— total par
value, $236,850; cost, as per general balance sheet, $227,125.04.

654 POOR'S MANUAL or RAILROADS — RAILROAD "SYSTEMS."

Funded debt outstanding ($4,522,400) consisted, Dec. 31, 1897, of—

1st mtge. (W. J. RR.) 6 p. c. 30-yr. bonds, due Jan. 1, 1896, interest ceased $1,000

1st consol. mtge. (W. J. RR.) 7 p. c. 30-yr. gold bonds, due April 1, 1899, interest April and Oct 1,000,000

Consol. mtge. (W. J. RR.) 6 p. c. 30-yr. "bonds, due Nov. 1, 1909, interest May and Nov 750,000

W. J. RR. 6 p. c. Certificates of Indebtedness, due Nov. 1, 1909 1,600

Swedesboro' RR. 1st mtge. 7 p. c. 30-yr. $500 and $1,000 bonds, due Dec. 1, 1898, int. June and Dec. . 136,500

W. & S. RR. 1st mtge. 6 p. c. 30-yr. $1,000 coup, bonds, due May 1, 1912, interest May and Nov 90,000

C. & A. RR. consol. mtge. 5 p. c. reg. 20-yr. bonds, due July 1, 1911, interest Jan. and July 650,000

C. & A. RR. consol. mtge. 6 p. c. coup. 20-yr. bonds, due July 1, 1911, interest Jan. and July 350,000

C. & A. RR. 2d mtge. 6 p. c. coup. 25-yr. currency bonds, due Oct. 1, 1899, interest April and Oct... 497,000

W. J. & S. RR. 1st consol. mtge. 4 p. c. coup. 40-yr. gold bonds, due July 1, 1936, int. Jan. and July. 1,000,000

Bonds, mtges. and ground rents payable 46,300

The 1st mtge. bonds of 1896 are secured on line from Camden to Bridgeton N. J., 38 miles. They are
guaranteed by the Camden and Amboy RR. Co. Trustees: George Wood and Josiah Wistar.

The 1st consols of 1899 are secured on the line from Glassboro' to Cape May, N. J., 63 miles. Trustees:
George Wood and Samuel Rea.

The consols of 1909 are secured on the main line from Camden to Cape May and on the branches from
\Voodbury to Salem, and from Glassboro' to Bridgeton, in all 128.99 m., subject to the lien of prior mtges.
The bonds are in registered form; transfer books close 6 days before interest days. Authorized amount $3,000,-
000; bonds reserved to retire prior liens — Ists of 1896, 1st consols, and Swedesboro' RR. bonds. Trustees:
George Wood and Samuel Rea.

The Swedesboro' RR. bonds are secured on the line from Woodbury to Swedesboro', N. J., 11 m. ; and the
Woodstown and Swedesboro' RR. bonds, on the line from Swedesboro' to Oakland, N. J., 11 miles. All of the
above-described bonds, except the consols of 1909, are in coup, form, with privilege of registration; the consols
of 1909 are registered bonds. The West Jersey RR. bonds are for $500 or $1,000 each.

The Camden and Atlantic RR. bonds are secured on the Atlantic City Division, including the Atlantic
City and South Atlantic City Branches, in all, 67.56 miles. The 2d mtge. was made in 1854, at 7 p. c., and
extended in 1869 at 6 p. c. They are now a 1st mtge. on the lines named. The 5 p. c. consols were issued to
replace an issue of 1st mtge. 7 p. c. bonds, which matured Jan. 1, 1893.

The West Jersey and Seashore RR. 1st consol. mtge. bonds are secured on the entire property of the
company, subject to prior mtges. The bonds are for $1,000 gold each, in coup, form, with right of registra-
tion. The authorized amount is $7,000,000, of which $3,473,500 are reserved for the retirement of prior mtge.
bonds and $2,526,500 for the general purposes of the company. From the proceeds of the sale of the $1,000,000
of bonds outstanding the following obligations were paid: W. J. RR. Co. 5 p. c. debenture certificates, $120,-
000; C. & A. RR. Co. 5 p. c. debenture certificates, $535,000; P., M. & M. RR. Co. 1st mtge. 5 p. c. coup.
bonds, $66,000; Pleasantville and Ocean City HR. Co. 1st mtge. 6 p. c. bonds, $80,000, and real estate 5 p. c.
mtges., $42,000; a total of $843,000, the remaining $157,000 being applied to permanent improvements and
other corporate purposes. In May, 1898, $600,000 additional of these bonds were issued, to pay for improve-
ments.

Directors (elected March 1, 1898).— Frank Thomson, Philadelphia, Pa.; C. F. Learning,
Cape May C. H., N. J.; John M. Moore, Clayton, N. J.; George Wood, Philadelphia, Pa.;
N. Parker Shortridge, Wynne wood, Pa.; W. J. Sewell, Camden, N. J. ; Benjamin F. Lee,
Trenton, N. J. ; James H. Nixon, Millville, N. J.; Josiah Wistar, Salem, N. J. ; William G.
Nixon, Bridgeton, N. J.; Samuel Rea, Bryn Mawr, N. J. ; William Settle, Oaklyn, N. J.;
Charles E. Pugh, Overbrook, Pa.; John P. Green, W. H. Barnes, Philadelphia, Pa.

FRANK THOMSON, President Philadelphia, Pa.

William J. Sewell, 1st Vice- President Camden, N. J.

Charles E. Pugh, 2d Vice-President Philadelphia, Pa.

Samuel Rea, 3d Vice-President " "

Secretary— James R. McClure Philadelphia, Pa. | Treasurer— Robert W. Smith Philadelphia, Pa.

PRINCIPAL OFFICE AND ADDRESS Camden, N. J.

Fiscal Agency Broad Street Station, Philadelphia, Pa.

PENNSYLVANIA COMPANY.

(For map of this system, see p. 655.)

History. — Chartered by the Legislature of Pennsylvania April 7, 1870, for the purpose
of managing, in the interest of the Pennsylvania RR. Co., the rail oads leased and controlled
by that company west of Pittsburgh. The company was organized April 1, 1871.
LINES LEASED TO, AND OPERATED DIRECTLY BY, THE PENNSYLVANIA Co..

Cleveland and Pittsburgh RR 198.34 miles.

Pittsb., Youngst, and Ashtabula RR. 125.09
Toledo, Walholding Vy. and Ohio RR. 125.40

Pittsburgh, Ft. Wayne and Chicago Ry. 469.89 miles.

New Castle and Beaver Valley RR 14.98 "

Macsillon and Cleveland RR 12.23 "

Erie and Pittsburgh RR 84.47 "

Total length of lines leased to, and operated directly by, the Peun. Co . . .1,030.40
Leased to the Penn. Co., but operated by P., C., C. & St. L. Ry. Co.: Indiana-
polis and Vincennes RR 133.11

Total length of nil lines leased to the Pennsylvania Co. 1,163.51

Of which operated by the Pennsylvania Co. direct, as shown above 1,030.40

« Aixsvir ~ *-jSe^5 Ac' * l*-l/ *i

f^M/K^^}^ £' *m '»

656 POOR'S MANUAL OF RAILROADS — RAILROAD ''SYSTEMS."

LINES CONTROLLED BY THE PENN. CO., THROUGH STOCK OWNERSHIP OE
OTHERWISE, AND OPERATED DIRECTLY BY THAT COMPANY :

Rochester, Beaver Fall* and Western Ry. 0.55 miles.

Rolling Mill RR 0.71

Calumet River Ry 4.43

South Chicago and Southern RR 10.25

Marginal RR 2.96 milee.

Salinevilie RR : 3.07 "

State Line and Indiana City Ry 7.56 "

Pittsb., Ohio Vy. and Cincinnati RR. 15.27 "

Total length of lines controlled and operated directly by Pennsylvania Co. 44.80
Total length of all leased and controlled lines operated directly by the

Pennsylvania Co 1,075.20

LINES CONTROLLED BY THE PENNSYLVANIA Co. THROUGH OWNERSHIP OF

STOCK, BUT OPERATED BY OR IN CONNECTION WITH THE PITTSBURGH,

CINCINNATI, CHICAGO AND ST. Louis RY. Co.:

Pittsb., Cine., Chic, and St. Louis Ry. .1,090.31 miles.

Ohio Connecting Ry 3.27

ChartiersRy. (incl. Chart. Con'g RR.). 23.48

Pittsb., Wheeling and Kentucky RR.. . 28.04

Englewood Connecting Ry 2.35

Little Miami RR ... 99.01

Columbus and Xenia RR 55.00

Dayton and Western RR 37.99

Cincinnati Street Connection Ry 2.49

Newport and Cincinnati Bridge Co. . 0. 73

Total length of lines controlled by the Pennsylvania Co., and operated by

the P., C., C. &St. L. Ry. Co 1,342.67 "

Leased to the Pennsylvania Co., but operated by P., C., C. & St. L. Ry. Co.,

Indianapolis and Vincennes RR 133.11 "

Total length of lines operated by the Pittsb., Cine., Chi. & St. L. Ry. Co. .1,475.78 "
LINES CONTROLLED BY THE PENNSYLVANIA Co., OR PENNSYLVANIA RR.

CO., BUT OPERATED BY THEIR OWN ORGANIZATIONS:

Cincinnati and Muskingum Valley Ry... 148. 45 miles. Cleveland and Marietta Ry 103.13 "

Waynesburg and Washington RR 28.15 " Cincinnati, Lebanon and North'n Ry. 37.81 "

Total lines controlled by the Pennsylvania Co., or Penn. RR. Co., and

operated by their own organizations 317.54 "

LINES CONTROLLED BY THE PENNSYLVANIA Co., OR PENNSYLVANIA RR. Co.,

BUT OPERATED BY THE RECEIVER OF THE TfiRRE HAUTE AND INDIAN-
APOLIS RR. CO. :

St. Louis, Vandalia and Terre Haute RR 158.30 m.

East St. Louis and Carondelet Ry 13.25 m.— 171.56 "

LINES CONTROLLED JOINTLY WITH OTHER COMPANIES, AND OPERATED BY
THEIR OWN ORGANIZATIONS :

Pittsburgh, Cbartiers and Youghiogheny Ry. (jointly with Pitts-
burgh and Lake Erie RR. Co.) 15.74 m.

Toledo, Peoria and Western Ry. (jointly with St. Louis, Keokuk

and Northwestern RR. Co.) 230.70 m.— 246.44 "

LINES CONTROLLED BY THE PENNSYLVANIA Co. OR PENNSYLVANIA RR. Co.

AND OPERATED BY THE G. R. & I. RY. Co. :

Grand Rapids and Indiana Ry 430.49 miles. I Traverse City RR 26.00 "

Mnskegon, Grand Rapids and Ind. RR.. 36.85 " | Cincinnati, Richmond & Ft. Wayne.. 86.60 "

Total length of lines controlled by Penn. Co. or Penn. RR. Co., and operated

by the G. R. & I. Ry. Co 578.94 "

Total length of all lines owned by companies in Penn. Co. System 3,865.45 "

Trackage :

Length of other roads operated under contract arrangements. 94.56 m.

Length of lines used jftintly in the system 48.14 m. — 142.70 "

Total length of lines operated, Pennsylvania Co. 'a system, Dec. 31, 1897- .4,008.15 "
Recapitulation :

Lines operated directly by the Pennsylvania Co 1,126.78 "

Lines controlled by Pa. Co., operated by P., C., C. & St. L. Ry. Co 1,536.60 "

Lines otherwise operated, controlled by P. RR. Co. or Pa. Co 490.74 "

Lines controlled jointly with other companies 264.84 "

Lines controlled by Penn. Co. or Penn. RR. Co., and operated by G. R. & I.

%. Co 589.19 "

Aggregate length of lines operated Dec. 31, 1897 4,008.15 miles.

Trackage, — 16.74m. of the Lake Shore and Michigan Southern Ry., used by the Erie
and Pittsburgh RR. ; 25.64 m. of the P., Ft. W. & C. Ry., used by the Cleveland and Pitts-
burgh RR.; 6.50 in. of the P., Ft. W. & C. Ry., used by the Toledo, Walhonding Valley and

POORS MANUAL— PENNSYLVANIA COMPANY.

657

Ohio RR. ; 2.70 m. of the P., Ft. W. & C. Ry., used by the Pittsburgh, Youngstown and Ash-
tibulaRR.; 0.12m. of the Union Ry. tracks, Indianapolis, Ind., used by the Indianapolis
and Vincennes RR.; and the following, used by the P., C., C. & St. L. Ry.; 1.23 m. Steuben-
ville Extension Penn. RR., Pittsburgh, Pa.; 0.25 m. of the Union Depot tracks, Columbus,
O. ; 1.01 m. of the Union Ry. tracks, Indianapolis, Ind.; 54.23 m. of Lake Erie and Western
RR., between Indianapolis and Kokomo, Ind.; 1.53 m. of the C., H. & D. Ry., between
Hamilton and New River Junction, O., and 2.45 m. of the Louisville bridge tracks — total,
60.70 m. ; 7.70 m. of the C. & P. RR., between Canal Dover and Zoar, O., used by the Cleve-
land and Marietta Ry.; 1^45 m. of P., Ft. W. & C. Ry., at Fort Wayne, Ind., used by the G.
R. & I. Ry.; 5.25 m. of the P., Ft. W. & C. Ry., between Adams and Fort Wayne, Ind., and
0.76 m. of P., C., C. & St. L. Ry., at Richmond, Ind., used by the C., R. & Ft. W. RR.; 2.79
m. of the G. R. & I. Ry., at Grand Rapids, Mich., used by M., G. R. & I. RR. ; 1.40
m. of Chartiers Ry . , between junction No. 1, south of Carnegie, Pa., and Wood ville, Pa.,
used by the P., C. & Y. Ry.; 7.70 m. of the Peoria and Pekin Union Ry., between Peoria and
Hollis, 111., and 9.30 in. of C., B. & Q. RR., between Iowa Junction and Burlington, la., used
by the T., P. & W. Ry. Of the line owned by the C. L. & N. Ry. Co., 6.05 m., between
Lebanon and Dodds, 0., is leased to and operated exclusively by the Dayton, Lebanon and
Cincinnati RR. Co. The Terre Haute and Indianapolis RR. Co. being still in the hands of
a receiver, its operations and those of the Terre Haute and Logansport RR., Terre Haute
and Peoria RR., and Indiana and Lake Michigan Ry. are excluded from these statements.

Rolling Stock. — The company owns the following : Locomotives, 28. Cars — passenger,
37; dining, 12; baggage, mail, etc., 16; freight, 16,335 ; service, 85— total, 16,485.

The company also has 4,800 freight cars acquired through car trusts, which will become
its property when the payments to be made under the contracts therefor have been completed.

In addition to the above, the following equipment is owned by the companies whose lines
are leased or otherwise controlled by the Pennsylvania Co.: Locomotives, 1,191. Cars — pas-
senger, 712 ; baggage, mail, etc., 822; freight, 39,141 ; service, 113— total, 40,288. Also
900 freight cars in process of acquirement through equipment trusts.

The gross earnings of the above roads, together with the income of the company from
other sources, for year ending Dec. 31, 1897, were $44,265,450.07 ; operating expenses, etc.
(65.93 p. c.), $29,183,716.84; net earnings, $15,081,733.23. Gross earnings per mile of road
operated, $10,508.65 ; expenses per mile, $7,205.60 ; net earnings per mile, $3,303.05.

The proportion of profit applicable to Penn. RR. Co., Penn. Co., or P., C., C. & St. L.
Ry. Co. for 1897, was $2,935,381. 01, against $2,179,069.30 for year 1896, and the proportion of
losses in that year for which the Penn. RR. Co., Penn. Co., or P., C. C. & St. L. Ry. Co. was
responsible was $598,782.47, against $1,504,481.81 for 1896. The amount paid into sinking
funds in 1897 was $1,053,095.85, against $1,260,737.84 in 1896 ; capital expenditures for
1897, $609,687.13, against $2,380,099.44 in 1896.

Income Account, year ending Dec. 31, 1897.

Net Earnings Union Line Property $263,010 24

Rent of Steubenville Extension 61 ,928 64

Rent of Real Estate .... 14,83134

Rent of Equipment 195,474 85

Profits from Leased Road :
Pitts., Ft. Wayne & Chi. Ry.. $130,955 51
New Castle & Beav. Vy. RR. . 9,192 15
Cleveland and Pittsburgh RR. 210,599 80— 850,747 46

Dividends on Stocks 1,188,151 81

Interest on Bonds 247,325 04

Profit from Operating Branch Roads 11,790 02

Total $2,333,259 40

Expenses Proprietary Department $168,053 39

Interest on Bonds 928,270 90

Losses on Leased Lines :

Erie and Pittsburgh RR $78,831 46

Massillon and Cleveland RR. 14,029 13— 92,860 59

Advances:

Ind'polis & Vincennes RR 124,994 09

Cin., Rich. & Ft. Wayne RR 9,259 20 .

Balance, Profit for Year, earned to Profit
.andLoss 1,009,82123

Total $2,333,259 40

Profit and Loss Account for the year ending Dec. 31, 1897.

Carried te Reserve Fund $243,482 99

Amount Paid in Settlement Sundry Accts. . 551,552 60
Balance to Credit, Dec. 31, 1897 3,443,636 47

Total Debits $1,238,672 06

42

Balance to Credit. Jan. 1, 1897 $3,228,850 83

Balance of Income Account for 1897 1,009,821 23

Total Credits $4,238,672 06

658

POOR'S MANUAL OF RAILROADS — RAILROAD " SYSTEMS.

I. — Statement showing mileage, capital accounts, and equipment of all lines of the
Pennsylvania Co.'s system on Dec. 81, 1897 :

RAILROADS.

MILK AGE.

Capital
Stock.

Funded
Debt.

Cost of
RR. and
Equip-
ment.

Locomotives.

Cars.

Total
RR.

Total
Track.

Steel
Kails.

1

I

i

Lines Leafed to, and Operated Di-
rectly by, the Penn. Co.:
Pittsburgh, Ft. Wayne & Chicago. .
New Castle and Beaver Vy

Miles.

469.89
14.98
12.23
84.47
198.34
125.09
125.40

Miles.

1,111.38
25.86
13.75
137.23
366.33
196.73
161.54

Miles.

1,106.96
22.03
0.11
131.15
349.33
189.89
161.54

$

38,875,286
700,000
200,000
1,998,400
11,247,529
3,033,342
2,500,000

$

12,410,000

S

50,449,520
700,000

No.

348

No.
214

No.
96

No.
9,917

Massillon and Cleveland RR
Erie and Pittsburgh RR

37,000
3.395,000
5,970,290
3,062,000
2,507,000

328,399
5,096,006
19,036,787
6,095,342
4,522,657

29
97

5

48

4
24

1,551
4,346
2,515
1,174

19,503

Cleveland and Pittsburgh RR.. ... .
Pittsburgh, Youngstown and Asht..
Toledo, Walhold. Vy. and Ohio. . . .

Total

6

480

6

1,030.40

0.55
0.71
4.43
10.25
2.96
3.07
7.56
15.27

2,012.32

0.63
0.82
4.87
13.52
3.23
3.28
11.68
17.35

1,961.01

0.63
0.75
4.87
13.52
0.29
3.05
11.68
17.35

58,554,557

48,126
40,000
68,700
161,700

27,381,290

86,228,711
48,126

273

124

Lines Controlled and Operated Di-
rectly by the Penn. Co.:
Rochester, Beaver Falls & Western
Rolling Mill RR

40,000

Calumet River Ry

68,700
161,700

138,656
323,600

South Chicago and Southern RR....
Marginil RR

Salineville RR .

-

State Line and Indiana City Ry
Pittsburgh, Ohio Vy. & Cincinnati.

Total.

90,000
300,000

76,000
290,000

166,486
591,944

44.80

55.38

52.14

708,526

596,400

1,308,806

Total Leased and Controlled, I
Operated by Penn. Co f

124
117

1,075.20

1,090.31
3.27
22.76
0.72
28.04
2.35
99.01
55.00
37.99
2.49
0.73
133.11

2,067.70

1,838.12
4.59
30.84
2.08
39.12
3.33

\ 244.66

44.31
3.12
0.77
152.14

2,013.15

1,749.18
4.59
30.84
1.97
37.32
2.56

[ 244.66

44.31
3.12
0.77
135.43

59,263,083

47,774,101
660,000
645,300
21,600
501,226
99,200
4,943,100
1,786,200
309,276

27,977,690

47,234,000
660,000
500,000

87,537,517

94,132,374
1,320,000
1,134,543
21,605
878,183
103,197
7,583,278
2,137,135
804,276
525,000
2,961,420
4,675,497

480
442

273
249

19,503
10,989

Lines Controlled by the Penn. Co.,
but Operated by the P., C., C. &
St. L. By. Co.:
Pittsburgh, Cin., Ch. & St. Louie. ..
Ohio Connecting Ry

Chartiers Ry

Chartiers Connecting RR

Pittsburgh, Wheeling and Ky
Englewood Connecting Ry

309,500

' 2,214,666
302,000
495,000
525,000
1,400,000
3,100,000

"52

"35

"si

'"ris

Little Miami RR

Columbus and Xenia RR

Dayton and Western RR

Cincinnati Street Connection Ry
Newport and Cin. Bridge

1,500,000
1,402,000

Indianapolis and Vincennes. . .
Total

7
501

20
4
19
6

___5
289

13
5
8
12

3
141

4
2
6
3

341

12,043

376
68
981
37

1,475.78

148.45
28.15
103.13
37.81

2,363.08

191.07
30.63
127.59
46.71

2,254.75

160.55
28.90
105.03
46.71

59,648,003

3,997,320
200,788
2,000,000
993,000

56,739,500
1,500,000

116,276,508

5,588,857

200,755
3,203,074
1,438,800

Lines Controlled by the Penn. Co., or
Penn. RR. Co., but Operated by
their own Organizations :
Cincinnati and Muskingum Vy. Ry .
Waynesburg and Washington RR. .
Cleveland and Marietta Ry

1,250,000
372,720

Cincinnati, Lebanon and Northern.
Total

317.54

158.30
13.25

396.00

217.45
17.89

341.19

217.45
17.89

7,191,108

3,924,058
420,000

3,128,720

4,496,000
,100,000

10,365,486

8,723,669
622,442

49

50
6

38
" 26

15
10

1,462

2,477
26

Lines Controlled by the Penn. Co., or
Penn. RR. Co., but Oper. by the Re-
ceiver of the Ter. H. & I. RR. Co..
*St. Louis, Vandalia and T. Haute.
East St. Louis and Carondelet Ry. .

Total
Lint* Controlled jointly and Oper
ated by their own Organizations:
Pittsb., Chartiers and Yough'gy Ry
Toledo, I'eoria and Western Ky
Total

171.55

15.74
230.70

235.34

27.67
264.60

235.34

27.67

228.70

4,344,058

700,000
4,076,900

4,696,000

669,000
5,115,845

9,346,111

1,398,128
9,269,091

56

6
36

26

2

17

10

2

8

2,51(3

86
1,368

246.44

430.49
36.85
26.00
85.60
578 94

292.27

560.54
45.04
30.50
100.88
736 96

256.37

464.27
39.57
26.97
87.01
617 82

4,776,900

5,723,700
1,000
205,000
1,709,313
7 639 013

5,784,845

9,337,000
750,000
440,000
1,800,000
12 327 000

10,667,219

15,210,700
746,978
646,268
3,679,832

"0 '*>} 778

42

62
1

19

64
3

10
22

1,444
3,066

Lints Controlled by Penn. Co. 01
Penn. RR. Co. and Operated by
the. O. R. <fe /. Ry. Co.:
Grand Rapids and Indiana Ry
Mu..kegon, G'd Rapids and Indiana
Traverse City RR

10
10
3 08G

Cine., Richmond and Ft. Wayne. . .
Total

6'-

67

22

Grand Total

3,865.45

6,091.35

5,71 8. G2

142,856,165

110,647-755

254,476,619

1,181

712

322

39,331

Fiscal year ending Oct. 31, 1897.

POOR'S MANUAL — PENNSYLVANIA COMPANY.

659

2. Statement showing traffic operations and gross earnings of all lines of the Pennsyl-
vania CO.'B system, for the year ending Dec. 81, 1897 :

RAILROADS.

Rail-
road
Oper-
ated.

TRAIN MILEAGE.

PASSKNG'R TRAFFIC.

FREIGHT TRAFFIC.

GROSS EARNINGS.

Pass.

Freight.

Pass.

Mileage.

Tons.

Ton-Miles.

Pass.

Freight.

All
Sources.

Prop. Dept. Pa. Co.
Lines Leased to, and
Op. Directly by, the
Penn. Co.:
Pitts., Ft.W. & Chi.
N. Cas. & Beav. Vy.
Massillon & Clev. . .
Erie & Pittsburgh..
Clev. & Pittsburgh.
Pitts., Y.& Ash....
Tol., Wai. Vy. & O.
Total . . . >

Miles.

Miles.

Miles.

No.

Miles.

No.

Miles.

$

$

2,145,215

10,583,283
216,057
13,528
884,298
3,607,766
1,452,706
736,148

4C9.89
14.98
12.23
101.21
223.98
127.79
131.90

2,704,953
36,600
- *7,554
207,135
764,566
221,268
169.941

6,896,370
159,485

3,228,419
136,929
1,482
217,829
997,199
350,606
192,119

98,415,882
654,246
6,725
5,492,712
25,161,094
5,727,761
5,120,559

10,638,633
3.080,006
94,377
2,219,055
5,424,452
5,443,768
1,367,451

1,266,141,642
14,601,388
288,474
160,747,488
483,562,355
244,540,101
123,312,560

2,070,115
16,184
105
111,164
561,196
132,428
111,190

7,570,300
194,940
13,416
714,821
2,897,165
1,294,218
556,133

772.150
1,986.604
976,447
527,445

1,081.98

0.55
0.71

4,112,017

11,318,501

5,11'J,583

140,578,979

28,267,742

2,293,194,008

3,002,382

13,240,993

17,493,786

974
1,142
6,058
43,665
25,742
1,820
14,226
3,738

Lines ControU'd and
Oper. Directly by
the Penn. Co.:
Roch., B. Falls &W.
Rolling Mill

Calumet River.

4.43

8. Chicago & South.
Marginal

10.25
296

20,201

19,630

76,124

310,082

494,277

4,109,411

4,844

29,266

Salineville

3.07

40,427
66,971
2,350

82,724
285,117
24,202

1,820
8,385
1,240

State Line & I. City.
Pitts., O.Vy.&C..
Total

7.56
15.27

13,023
3,540

9,743
6,210

18,084
7,609

50,742
70,315

776
2,074

44.80
1,126.78

1,151.01
3.27
23.48
28.04
2.35

36,764
4,148,781

4,494,733

35,583
11,854,084

10,047,740

101,817
5,221,400

5,871,754

431,089
141,010,068

152,040,930

604,025
28,871,767

11,729,877

4,501,464
2,297,695,462

1,688,240,718

7,694
3,010,076

3,228,770

40,711
13,281,704

10,607,752

97,365
17,591,151

15,169,656
102,212
298,423
843,571
20,895
1,937,186
489,304

Total of Leased and
Controlled Lines
Op. by the Pa. Co.
Lines Controlled by
the Penn. Co. but
Op. by the P., C.,
cfdkSl.L.Ry.Co:
Pitts. C.,C. & St. L.
Ohio Connecting.
Chartiers

124,24i
97,448

119,968
138,757

493,014
160,619

5,699,316
2,814,542

1,689,070
783,505

9,261,120
15,648,265

132, 2ii
73,304

154,947
151,344

Pitts., Wh. & Ky.
Englewood Con . .

Little Miami
Ind. & Vincennes.
Total

195.22
133.23

877,921
171,40i

1,016,322
362,835

1,042,745
233,383

30,188,630
5,645,328

1,522,718
686,336

126,437.953
50,819,963

553,399
134,227

1,036,044
330,022

1,536.60

148.45
28.15
110.83
31.76

5,765,745

308,266
38,796
135,592
124,020

11,685,622

379,719
23,872
308,055
37,740

7,801,515

292,359
49,047
157,617
446,593

196,388,746

4,748,247
938,989
2,995,140
3,931,173

16,411,506

569,125
15,390
929,667
91,451

1,890,408,019

28,265,781
356,320
39,277,338
1,072,727

4,121,913

112,059
32,162
73,989
60,129

12,280,109

282,430
25,996
265,567
37,927

18,261,247

446,468
62,312
355,721
137,454

Lines Cont. by thePa.
Co. or Pa. RR. Co.
butOp. by their own
Organizations:
Cin. &Mns. Vy....
Waynes. & Wash..
Cleveland & Mar. . .
Cin., Leb. & North.
Total

319.19

158.30
13.25

606,674
626,312

749,386
770,681

945,616
330,455

12,613,540
15,210,738

1,605,633
1,165,451

68,972,166
114,123,385

278,339
365,302

611,920

910,283

1,001,945

1,540,827
82,033

Lines Confd by Pa.
Co. or Pa. RR. Co.
but Op. by Rec. of
T.H.&I.RR.Co.:
St. L.,V. &T. H..
East St. L. &Car...

Total

171.55

17.14
247.70

626,312

41,188
357,491

770,681

54,739
507,733

330,455

71,018
428,752

15,210,738

404,309

9,632,259

1,165,451

969,469

704,285

114,122,385

8,184,586

43,890,060

365,302

8,375

243,820

910,283

148,623

574,515

1,622,860

159,774
941,171

Lines Confd Jointly
but Oner, by their
own Orgamza'ns:
Pitts., Chart. & Y..
Tol., Peoria & W..
Total

264.84

431.94
39.64
26.00
91.61

898,679

786,678
64,666
38,124
190,121

562,472

725,280
52,931
16,288
126,358

499,765

922,141
78,598
33,125
200,110

10,036,568

27,276,909
2,481,311
639,856
5,625,616

1,673,754

1,422,083
110,725
73,625
465,512

52,074,646

157,038,273
4,030,955
1,251,796
27,612,394

252,195

569,299
46,941
15,501
125,122

723,038

1,286,703
61,679
19,604
256,430

1,100,945

1,978,667
117,463
39,414

406,644

Lines Confd by Pa.
Co. or Pa. RR. Co.
and Op. by ff. R.
<fc /. Ry. Co.:
Grand Rap. & Ind..
Mus.,G'dRap. &!..
Traverse City
Cin., Rich. & Ft.W.
Total

589.19
4,008.15

1,069,589
12,615,780

920,857
26,043,102

1,233,974
15,532,725

36,023,692
411,283,361

2,071,945
51,800,056

189,933,418
4,613,206,096

756,863
8,784,688

1,624,316
29,431,370

2,542,087
44,265,450

Grand Total....

•Mixed.

660

POOR'S MANUAL OF KAILRO ADS —RAILROAD "SYSTEMS.'

Statement of gross earnings, net earnings, payments from net earnings, and profit and
loss of all lines of the Pennsylvania Co.'s system, for the year ending Dec. 81, 1897 :

Mileage
Oper-
ated.

Gross
Earnings.

Net
Earnings.

Gross
Income.

Total
Charges
(including
Rental,
Interest,
etc.).

Profit or
LOBS, 1897.

Proportion of
Profit Accru-
ing to, or Loss
Sustained by,
Penn. RR.
Co., Penn.
Co., or Pitts.,
C., C. & St.
L. Ry. Co.,
1897.

Propriet'ry Dep.— Penn. Co.
Pitts., Ft. W. &Chi. Ry....
Roch., Beav. Falls & W. Ry.
Marginal RR., B. Falls, Pa.
Ma-sillon & Cleveland RR.
New Castle & B. Vy. RR. . .
Pitts., Youngs. & Ash. RR.
Erie & Pittsburgh RR
Cleveland & Pitts. RR
Salinevillc RR

M.

$
2,145,21506
10,583,282 74
97425
25,742 41
13,527 66
216,057 19
1,452,706 45
884,298 27
3,607,766 38
1,820 46
3,73756
736,14770
1,14200
43,66458
14,225 83
6,05800
489,303 58
15,169.65626
102,211 76
298,423 47
243,570 67
1,937,18552
20.89450
446,458 17
62,311 98
159.774 03
355,720 75
1,978,567 18
117,461 54
39,414 47
406,643 69
941,171 27
1,540,82738
82,033 04
13M54 27

$
1,842,626 86
3,473,442 83
78901
17,356 17
5,970 87
95,615 03
556,07444
317,118 74
1,417,733 19
L. 391 29
L. 5,014 62
243,487 55
54302
3,750 99
L. 6,059 08
2,622 48
84,403 09
4,884,761 02
58,702 99
141,226 65
86,474 71
475,981 16
10,761 27
38,813 02
16,520 71
69,872 60
9,058 90
525,086 16
26,902 07
9,11687
94,674 49
211,808 68
298,068 48
29,79058
44,043 59

%
1,842,626 86
3,473,442 83
78901
17,356 17
5,970 87
95,615 03
558,34409
317,11874
1,417,733 19
L. 39129
L. 5,014 62
263,27883
51302
3,75099
L. 6,059 08
2,62248
84,40309
4,884,761 02
58,70399
149,017 81
86,474 71
475,981 16
10,761 27
38,813 02
16,520 71
69,873 10
9,775 77
525,086 16
20.!KW 07
9,116 87
94,674 49
211,80868
298,06848
29,79058
44,043 59

%

977,488 43
3,342,487 32

$

P. 865,138 43
P. 130,955 51
P. 789 01
P. 17,356 17
L. 14,029 13
P. 9,192 15
P. 344,116 50
L. 78,831 46
P. 210,599 80
L. 391 29
L. 17.864 25
P. 102,987 15
P. 543 02

s

P. 865,138 43
P. 130,955 51
P. 789 01
P. 17,356 17
L. 14,029 13
P. 9,192 15

469.89
.55
2.96
12.23
14.98
12(.79
101.21
223.98
3.07
15.27
131.90
.71
10.25
7.56
4.43
133.23
1,151.01
3.27
23.48
28.04
195.22
2.35
148.45
28.15
17.14

no. as

431.94
39.64
26.00
91.61
247.70
158.30
13.25
31.76

20,00000
86,422 88
214,227 59
395,950 20
1,207,133 39

L. 78,831 46
P-. 210,599 80
L. 39129
L. 17,864 25

Pitts., Ohio Vy. & Cin. RR.
Toledo, Wai. Vy. &O. RR.
Rolling Mill RR., Toledo, O.
South Chicago & So. RR. . .
State Line <fc Ind. City Ry. .
Calumet River Ry

10,849 63
160,291 68

7,83500
.3,80000
<5,43500
209,397 18
3,219,875 34
33,00000
61,50660
41,96827
706.626 56

L. 4,084 01
L. 9,859 08
L. 812 52
L. 124,994 09
P. 1,664,885 68
P. 25,702 99
P. 87,511 21
P. 44,506 44
L. 230,645 40
P. 10,761 27
L. 71,278 99
P. 13,059 21
P. 33,649 50
L. 53,219 81
P. 70,077 09
L. 10,597 93
P. 1,61687
L. 31,325 51
L. 9,864 59
L. *164,17973
P. 17,770 40
P. 28.458 12

L. 484 01
L. 9,859 08
L. 812 52
L. 124,99409
P. 1,664,88568
P. 25,702 99

Indianapolis & Vin. RR
Pitts.,-Cm., Chi. & St. L. Ry.
Ohio Connecting Ry.

Chartiers Ry

Pitts., Wheel. & Ken. RR..
Little Miami RR...

L. 230,645 40
P. 10,761 27

Englewood Connecting Ry..
Cincinnati & Mus. Vy. Ry..
Waynesburg & Wash. RR. .
Pitts., Char. & Yough. Ry..
Cleveland & Marietta Ry..
Grand Rapids & Ind. Ry . . .
Muskegon, G. Rap. <fc I. RR.
Traverse City RR . .

110,092 01
3,46150
36,22360
62,995 58
455,009 07
37,500 00
7,50000
126,000 00
221,67327
462,248 21
12,020 18
15,585 47

Cin., Rich. & Ft. W. RR. . .
Toledo, Peoria & West Ry.
St.L ,Van. <fe Terre H. RR.
East St. Louis & Car. Ry . . .
Cin., Lebanon & Nor. Ry..

£.(?)117,271 24

Totals

4,008.15

44,265,450 07 16,081,733 23

15,112,302 69

12,254,603 96

P. 2,857,698 73

P. 2,336,598 54

* Terre Haute and Indianapolis RR. Co. is responsible for two-sevenths of this loss.

Statement showing the gross earnings, net earnings, and payments from net earnings
and profit and loss of all lines of the Pennsylvania Co.'s system for sixteen years, ending
Dec. 31 :

PropVn of

Profit Acc'g

&
el

Miles
Oper-

Gross

Operating

Net

Total

Rentals and

Hire of
Equipm't

Profit

to, or Loss
Sust'd by,

®
**

ated.

Earnings.

Expenses.

Earnings.

Income.

Interest.

and Other

or

Loss

Pa.RR.,Pa.

Charges.

Co., or P.

C., C. & St.

L. Ry.

1882
1883
1884

MUes.
3,222.20
3,231.70
3,223.70

$

35,331,003 38
36,127,324 92
31,389,696 86

$

23,368,329 50
24,972,558 05
22,126,81636

$

11,962,67388
11,154,766 87
9,262,880 50

11,962,673 88
11,154,76687
9,262,880 50

10,007,815 63
10,378,53029
10,200,703 67

$
67,822 14
82,586 03
85,398 64

P. 1,874,062 15
P. 693,650 55
L. 1,023,22181

$
1,894,300 31
812,669 30
861,891 16

1885
1886
1887
1888
1889
1890

3,252.70
3,317.30
3,325.40
3,398.10
3,406.70
3,492.40

30,067,098 63 21,168.353 23
33,508,864 13 22,613,171 56
40,324,498 57 2(3,631,658 00
37,894.309 66 27,388,383 34
40,927,050 73 27,927,737 41
45.263,890 97 30,913,876 56

8,898,745 40
10,895,692 57
13,692,840 57
10,505,986 32
12,999,31332
14,350,014 41

8,898,745 40
10,895,692 57
13,692,840 57
10,505,986 32
12,999,313 32
14,350,014 41

10,523,926 12
10,759,743 79
11,599,74463
10,812,016 14
10,802,518 25
11,380,98447

87,929 12
98,810 90
146,515 48
162,710 48
650,02843
639,014 12

L. 1,713,10982
P. 37,137 88
P. 1,946,580 46
L. 468,74030
P. 1,546,76664
P. 2,330,015 82

1,092.973 73
205,787 23
1.278,46347
170,14537
1,013,86456
1,756,93246

1891

3,501.96

44,210,283 70 2!),569,378 13

14,640,905 63:14,640,905 63

11,332,860 13

612.142 06

P. 2,695,903 44

2,662,970 22

1892
1893
1894

1QO-

3,531.67
3,599.83
4,33-2.34

47,869,688 53 3-2,900,539 2"
45,512,794 14 31,990,850 91
42,609,46845 30,180,11509

14,469,044 25 14,409,044 25
13,551,9432313,551,94323
12,489,353 36 12,489,353 36

11,263,05262
11,334,37239
12,122,37900

583,930 29
574,228 44
383,055 18

P. 2,622,061 34
P. 1,043,342 40
L. 16,080 77

2,392,988 43
1,875,110 17
49,171 24

lo'Jo

4,448.88

47,982,474 70 33,153,832 74

14,828, 641 96 ! 14.902,748 41

12,251,43079 684,11848

P. 1,967,199 14

1,987.866 10

189(i

4,008.06 '42,520,227 80 29,502 ;Vfi 3

12,957,031 50'12,994,29'i 05 11.675,543 13 566.210 7;

P. 752,542 15

674.587 4(1

1897

4,008.15 44,265,450 07 2il,183,7H. 84

15,081,73323 15.112,302 C>9 11.827,13072 927.47324

P. 2.857,698 73

2.836,598 54

POOR'S MANUAL — PENNSYLVANIA COMPANY.

661

Statement of capital accounts, etc., of the Pennsylvania Co. for eight years :

1890

1891

1892

1893

1894

1895

1896

1897

Capital Stock, Common —
R' gistered 6 p. C. B'ds, Sec'd

$

20,000,000
3,200,000

20,000,000
3,200,000

$

21,000,000
3,200,000

9

21,000,000
3,200,000

$

21,000,000
3,200.000

$

21,000,000
3,200,000

21,000,000
3,200,000

f '

21,000,000

let Mtge. 4J p. c. Bonds
Guar. §1 p. c. Trust. Certifs.

20,000,000

20,000,000

20,000,000

20,000,000

20,000,000

20.000,000

20,000,000

20,000,000
5,000,000

Supplies, Lessor Cos

831,832

831,832

831,832

831.832

831,832

831,832

831,832

831,832

Due Other Cos

718,059

791,722

1,487,281

655,078

1,385,500

3 469,061

1,475,057

878 822

Current Expenditures

1,525.780

1,249,283

1,788,083

1,364,666

1,078,664

1,478,928

1,025,600

1,402,860

Misc. Accts., Int., etc
Reserved F'ds, Leased Rd's.
Profit and Loss, Credit ....

2,823.757
3,831,049
3,494,824

2,441,366
4,110,440
4,375,257

1,840,354
3,836,149
4,919,543

3,726,333
4,141,049

4,924,827

3,065,101
4,459,951
3,118,496

4,237,976
4,794,139
3,657,857

3,490,932
5,144,417
3,228,851

3,406.960
5,387.901
3,443,636

Total Liabilities

56,425,301

56,999,900

58,903,242

58,843,785

58,134,544

62,669,793

59,396,689

61,352 Oil

Securities

35,177,107

87,652,220

37,058,024

33030,503

89,283,413

41,642,258

37,691,816

38,088,671

Bills Receivable

197,846

208,384

230,884

618, VI 4

777,807

866.911

575,739

522,497

Equipment

1,590,203

1,740,933

1,903,725

2,159,154

2,191,762

2,765,267

2,996,326

3,024,677

Real Estate i

983,367

1,595,069

1,715,798

1,781,365

1,164,946

1,177,888

1,167,309

1,060,761

Union Line Property
Betterments, Leased Roads.
Due by Other Cos. & Agts. .
Stock of Supplies

3.174,414
2,725,380
3,263,497
1,035,476

3,248,038
553,649
2,285,415
994,243

3,337,176
2,765.567
1,894,461
1,262,140

3,426,320
2,234,314
5,469,965
999,098

3,516,135
106,751
1,119,017
614,713

3,893.498
464.266
1,346,256
758,375

4,725,292
529,716
669,035

587,383

4,814,436
411,807
1,485,383
668,690

Miscellaneous Assets
Cash

1,167,718
654,585

1,015,089
794,920

1,343,110
532,948

1,123,407
634,060

799,099
651.685

812,537
964,565

800,212
574,901

940,313
1,379,695

Skg. F'ds, Leased Roads . .
Skg. F'ds, Registered B'ds .

3,831,049
1,657,000

4,110,440
1,839,000

3,836,149
2,032,000

4,141,049

2,237,000

4,459,952
2,459,000

4,794,139

2,694,000

5,144,418
2,944.000

5,387,901

Skg. F'ds, 4i p. c. Bonds . .
P. T. S. D. & I. Co. Trus. .

512,316
2,779

512,316
2,174

533,000
1,582

533,000
1,336

533,000
1,219

533,000
1.168

533,000
2,299

533,000

National City Bank, N. Y .
Subscribers to Gnar. Trust
Certif ., Series "A"

452,565

453,015

456,728

454,500

454,545

456,165

455,243

459,675
2,574,505

Total Assets

56,425,301

56,999.900

58.903,242

58,843,785

58,134,544

62,669,793

59,396,689

61,352,011

Sinking Funds, Leased
Roads :
1st M.Bds.,P.,Ft.W.&C.Ry .

1,036,875

1,089,375

1,141,875

1,194,375

1,246,875

1,299,375

1,351,875

1,370,995

2d M. Bds., P.,F.W.& C. Ry.
Consol. M. Bds., C. & P. RR.
Cons. &Eq.Bds.,C.&P.RR.

1,019,100
1,259.657
1 55,417

1,070,700
1,383,458
566,907

1,122,300
1,516,077
55,897

1,173,900
1,658,142
114,632

1,225,500
1,810,325
177,252

1,277,100
1,973,347
244,317

1,328,700
2,147,981
315,862

1,346,845
2,335053
335,008

Totals

3,831,049

4,110,440

3,836,149

4,141,049

4,459,952

4,794,139

5,144,418

5,387,901

Comparative statement of income and profit and loss accounts for seven years :

1891

1892

1893

1894

1895

1896

1897

Receipts :
Net Earnings Union Line Property. .
Rent of Stenbenville Extension....
Rent of Real Estate

184,623
61,932
10,507
233,741
946,138
1,285,604
699,244

176,572
61,929
17,810
197,628
290,828
1,425,594
646,943

137,914
61,929
18,875
196,377
318,777
1,482,594
593,090

138,525
61,929
17.651
207,959
9,840
1,264,461
330,701

147,924
61,929
16,658
194,834
385,959
1,030,807
370,656
11,927

220,213
61,929
16,721
184,404
37,302
1,436,657
431,199
11,198

$

263,010
61,929
14,831
195,475
350,747
1,188,152
247,325
11,790

Rent of Equipment

Profits Leased Roads

Dividends on Stocks

Interest on Bonds.

Profit from Operating Branch Roade
Total Receipts

3,421,789

316,325
988,530
244,712
146,284

2,817,804

275,100
977,370
234,613
100,247

2,804,556

247,622
965,645
428,901
111,911

2,031,066

203,605
953,422
1,439,242
122,273

2,220,694

186,395
939,758
28.995
118,511

2,399,623

261,503
925,507
844,883
129,463

2,333,259

168,053
928,271
9a,861
134,253

Payments :
Expenses Proprietary Department..
Interest on Bonds

Losses on Leased Lines

Advances

Total Payments

1,695,851
1,725,938

1,587,330
1,229,974

446,022

1,754,079
1,050,477

99,707

2,718,542
def. 687,476

35,047

1,273,659
947,035

2,161,356
238,267

1,3-23,438
1,009,821

Balance of Income

Other Receipts :
Rec. in Settlem't of Sun. Old Accts.

Total Revenue

1,725,938

279,391
500,000

1,675,996
291,709

1,150,183
304,900

def. 652,429
318,903

947,035
334,187

238,267
350,279

1,009,821
243,483

Deductions :
Carried to Reserve Fund

Reduction in Value of Securities

Paid in Settlem't of Sun. Old Accts.
Dividends on Stock

66,115

68,486

316,994

551,553

(4) 840,000

(4) 840,000

(4) 840,000

Total Deductions

845,506
880,432

3,494,824

1,131,709
544,287

4,875,257

1,144,900

5,283

4,919,544

1,158,903
cfc/.l,811,332

4,924,828

402,673
544,362

3,113,496

667,273
d«/.429,006

3,657,857

795,036
214,785

3,228,851

Surplus

Balance of Profit and Loss from I
Previous Year )

Bal. to Cr. of Prof. & Loss, Dec. 31..

4,375,256

4,919,544

4,924,827

3,113,4%

3,657,857

3,228,851

3,443,636

662

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

General Balance Sheet, Dec. 31, 1897.

Securitieg $38,088,670 62

Bills Receivable 5F'tEI 12

Equipment 3,024,67658

Real Estate 989,894 88

Real Estate in Trust 70,865 80

Union Line Property 4,814,436 12

Due by Leased Roads for Betterments... 411,807 36

Due by Other Cos. in Current Account.. 667,615 81

Due by Other Cos. for Advances 407,135 82

Due bv Station Agents and Ticket

Receivers 410,631 78

Stock of Supplies 668,689 68

Miscellaneous Assets 940,312 63

Gash 1,379,695 19

Nat. City Bk., N. Y., Agts., 4i p. c.

Bds., to pay Interest 459,675 00

Subscribers to Guaranteed Trust Cer-
tificates, Series "A" 2,574,50524

Sinking Funds for Leased Roads:
1st Mtge. Bds., P., F. W.

& C. Ry. Co $1,370,99457

2d Mtge. Bds., P., F. W.

& C. Ry. Co 1,346,84543

Consol. Mtge. Bonds, C.

& P. RR. Co 2,335,053 00

Construction and Equipm't

Bonds, C. & P. RR. Co. 335,007 67— 5,387,900 67

Total Assets $60,819,010 58

Capital Stock $21,000,000 00

1st Mtge. 4i p. c. Bds.

issued $20,000,000 00

Less 533 B'ds in S. Fund. 533,000 00— 19,467,000 00
Guaranteed 3J p. c. Trust Certificates,

Series " A," due Sept. 1, 1937 5,000,000 00

Due Lessor Companies for Supplies 831,831 58

Mortgages and Ground Rents Payable... 60,000 00
Due Other Cos., in Current Account.... 878,821 64
Due for Current Expenditures in Operat-
ing Leased Roads 1,402,859 89

Miscellaneous Liabilities 2,541,132 00

Interest Due and Unpaid on 4£ p. c. Bds. 459,675 00
Accrued Interest on Guar. 3J p. c. Trust

Ctf8., Series "A" 58,33333

Interest Collected and Held by Treasurer
on 4i p. c. Bonds in Sinking Fund.... 287,820 00

Reserve Fund, Leased Roads 5,387,90067

Balance to Credit of Profit and Loss
Acct 3,443,63647

Total Liabilities $60,819,010 58

The stock is all held by the Pennsylvania RR. Co. The company paid 4 p. c. dividend
in 1880, 5 p. c. in 1881, 4 p. c. each in 1882, 1883, 1892, and 1893, and 4 p. c. in May, 1894;
payable at the company's office when declared.

The 1st mtge. 4J p. c. bonds, gold, tax free, fall due July 1, 1921, interest Jan. and July. Principal and
interest guaranteed absolutely by Penn. RR. Co., and payable at the National City Bank, New York, N. Y.
They are for $1,000 each, coupon or registered, with privilege for registration of coup, bonds. They are
secured by first lien on the leases of the P., Ft. W. & C., Cleveland and Pittsburgh, and Erie and Pittsburgh
RRs. ; on the real estate of the company in Pittsburgh, Allegheny, and Chicago ; and on stock and bonds of
the par value of about $24,000,000, in the company's treasury. The company is to purchase every year, at not
above par, at least 1 p. c. of the then outstanding issue. The authorized amount was $20,000,000, all of which
was issued to provide means for the acquisition of additional property and the further development of the
company's system of railroads. Trustees: W. H. Barnes, John P. Green, and N. P. Shortridge.

The 3i "p. c. guaranteed registered trust certificates Series "A" are dated Sept. 1, 1897, mature Sept. 1,
1937, interest payable to the registered holder March 1 and Sept. 1 of each year by the Girard Life Insurance,
Annuity and Trust Co. in Philadelphia, or by the Union Trust Co. in New York. Principal payable at
maturity at office of trustee in Philadelphia, and both principal and interest payable in gold coin of the U. S.
of America. Transferable by the Girard Life Insurance, Annuity and Trust Co. of Philadelphia, registrar, but
certificates may be left with the Union Trust Co. , New York City, and transfer by that company will be secured.
They are for $1,000 each, and secured by covenant of the Pennsylvania Co., and pledged with the Girard Life
Insurance, Annuity and Trust Co. of Philadelphia, trustee, of 50,000 shares of the guaranteed special stock of
the Pittsburgh, Fort Wayne and Chicago Ry. Co., aggregating at par $5,000,000, and by the guaranty of the
Pennsylvania RR. Co. These certificates are issued pursuant to an agreement, dated Sept. 1, 1897, between
the Pennsylvania Co., the Pennsylvania RR. Co. and the Girard Life Insurance, Annuity and Trust Co. of
Philadelphia, trustee, providing for the issue by the trustee of not exceeding $20,000,000 Pennsylvania Co.
guaranteed trust certificates, whereof the certificates, series " A," as above, aggregating $5,000,000, have been
issued by said trustee and delivered to the Pennsylvania Co., the proceeds from sale of these certificates to be
applied to the payment of maturing obligations of lessor corporations for which the Pennsylvania Co. is
liable, and for other capital expenditures. These trust certificates are entitled to the benefit of a sinking fund
of 1 p. c. per annum, amounting to $50,000, which sum is to be paid annually to the trustee by the Pennsyl-
vania Co., to be applied by said trustee to the purchase of said certificates at not exceeding par and accrued
interest, with the provision that if said certificates cannot be so purchased, then the said fund, or so much
thereof as may not have been thus used, shall be repaid to the Pennsylvania Co., and not thereafter form part
of the sinking fund for any subsequent year. As a further security for these trust certificates, the Pennsylvania
Co. has covenanted and agreed that until the same shall be fully paid, it will not exercise its voting power as
a stockholder of the Pittsburgh, Fort Wayne and Chicago Ry. Co. to increase the bonded debt of that com-
pany beyond the amount of said bonded debt now existing, nor will it vote its said stock of said Pittsburgh,
Fort Wayne and Chicago Ry. Co. in favor of reducing the dividend below 7 p. c. per annum on said guar-
anteed special stock of said company pledged to secure the said Series " A," trust certificates.

Board of Directors, Pennsylvania Co., elected June 7, 1898.

J. T. Brooks Pittsburgh, Pa. Jno. P. Green Philadelphia, Pa

Jag. McCrea " " N. P. Shortridge..

Joseph Wood '' " Geo. Wood " "

Charles E. Pngh... Philadelphia, Pa. Frank Thomson... " "

Effingham B. Morris Philadelphia, Pa.

FRANK THOMSON, President Philadelphia, Pa.

C. S. Patterson Philadelphia, Pa.

W. H. Barnes " "

William Stewart...

Samuel Rea " "

M Vice- President— Jas. McCrea Pittsburgh, Pa.

2d Vice-President— J. T. Brooks "

3d Vice-President— Joseph Wood " "

Comptroller— Jno. W. Renner " "

Treasurer— T. H. B. McKnight Pittsburgh, Pa

Secretary— S. B. Liggett "

Gen. Counsel— J. J. Brooks " "

Gen. Manager — L. F. Loree " "

PRINCIPAL OFFICE AND ADDRESS Penn Are. and 10th Street, Pittsburgh, Pa.

POOR'S MANUAL— PENNSYLVANIA CO. SYSTEM.

663

RAILROAD LEASED TO, AND OPERATED BY, THE PENNSYLVANIA COM-
PANY".—PITTSBURGH, FORT WAYNE AND CHICAGO BY. CO.

Main Line of Road.— Pittsburgh, Pa., to Chicago, 111 468.32 miles.

Cummings Branch : South Chicago to Cummings, 111 1 .67 "

T _ ~j i New Castle & Beater Vol. RR. : Home'd to New Castle, Pa., 14.98 m.

• \ Massillon and Cleveland RR. ; Massillon Jc. to Chippewa,O.l2.23 m.— 37.21 "

Total length of lines operated Dec. 31, 1897 497.10 miles.

2d track, 279.88 m. ; sidings (owned, 361.61 m.; leased, 11.90 m.), 373.51 miles. Gauge, 4 ft.
9 in. Rail, steel (owned, 1,100.96 m. ; leased, 22.14 m.), 1,129.10 m., 60, 70, and 85 Ibs.;
iron, 60 Ibs.

History.— Consolidation, Aug. 1, 1856, under the title of P., Ft. W. & C. RR. Co., of the
Ohio and Pa., Ohio and Ind., and Fort Wayne and Chicago RR. Cos. Road opened through-
out, Jan. 1, 1859. Sold under foreclosure Oct. 24, 1961, and reorganized under present title,
Feb. 26, 1862. Leased for 999 years from July 1, 1869, to the Pennsylvania RR. Co., and
subsequently assigned by that company to the Pennsylvania Company. The lessee assumes
all obligations of the lessors, and guarantees dividends (payable Jan., April, July, and Oct.),
at the rate of 7 p. c. per annum.

The New Castle and Beaver Valley and the Massillon and Cleveland RRs. are leased to
this company and operated by the Pennsylvania Co., at rentals equivalent to 40 p. c. of gross
earnings of the respective lines. Operations separately reported (see pp. 665 and 664).

Rolling Stock, Dec. 31, 1897. — Locomotives, 348. Cars— passenger, 214 ; baggage,
mail, and express, 96 ; freight (box, 4,822; flat, 450 ; stock, 2,048 ; gondola, 2,435 ; caboose,
162), 9,917 — total cars, 10,227. One hundred and five of the locomotives perform service
partly on other Pennsylvania Co. lines.

Operations, year ending Dec. 31, 1897. — See tabulated statement on page 664.

Earnings— Passenger $2,070,114 64

Freight 7,570,300 50

Mail 463,237 62

Express 276,320 96

Miscellaneous 203.309 02

Expenses — Conducting Transportation $4,095,919 42

Maintenance of Equipment 1,410,95511

Maintenance Way & Buildings. 930,16323

General 146.585 47

Taxes 526,216 G8

Total ($15,130.86 per mile) $7,109,839 91

Total ($22.522.89 per mile) $10,583,282 74

Net earnings (32.8 > p. c.), $3,473,442.83.

Lessor's Income Account, year ending Dec. 31, 1897. — Rental under terms of lease,
$3,348,754. Payments : Interest on bonds, $592,175 ; sinking fund, $26,025 ; dividends on
stock (Jan., April, July, and Oct., If p. c. each), $2,711,554; other payments (organization and
other expenses), $19,000— total, $3,348,754.

General Balance Sheet, Dec. 31, 1897.

Construction and Equipment $50,449,519 65

Supplies 468,724 84

Sinking Fund 1st and 2d Mtge. Bonds. . . . 7,153,534 48

Trustees of Sinking Fund 2,845,1 79 02

Cash to Pay Dividends and Interest 762,861 18

Cash Account 6,160 68

Penn. RR. Co. Exp. Proposed Bond Issue. 3,124 39

Penn. RR. Co. Equip. Bds. Unsurrendered 1,100,000 00

Penn. RR. Co. Unpaid Rental 354,600 00

Total Assets $63.1-13,70424

Capital Stock, Common... $19,714,285 71

Guaranteed Special 19,161,000 00— $38,875,285 71

Funded Debt 12,410,00000

Dividends Due and Accrued 726,941 00

Interest 329,33841

Unsnrrendered Bonds 1,100,000 00

Penn. RR. Co. Bal. Due on Betterments. 98 50

Profll and Loss '. 9,702,04062

Total Liabilities $63,143,70424

Voting power attaches to stock after 60 days' ownership. The guaranteed special stock
was issued to the lessee under the terms of the lease, which provide that for betterments
made by lessee (with approval of lessor) as required by increased business, payments should
be made in issues of stock or bonds, such issues to be agreed upon by both parties. The total
amount of expenditures for improvements and additions to Dec. 31, 1897, was $19,161,098.50;
guaranteed special stock issued to same date, $19,161,000.

664 POOK'S MANUAL OF RAILROADS — RAILROAD " SYSTEMS."

Statement, of operations, etc., for eight years ending Dec. 31 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of Railroad.

469.89

469.89

469.89

469.80

469.89

469.89

469.89

469.89

Miles of Track...

868.99

888.63

975.90

1,085.63

1,089.64

1,099.79

1,106.28

1,111.38

Miles Steel Rails.

826.13

848.15

938.31

1,075.58

1,083.13

1,094.01

1,101.11

1,106.96

Locomotives

308

308

333

343

343

343

843

348

Passenger Cars...

172

172

222

222

222

282

222

214

Bag.,M?l,etc.,Cars

69

69

73

88

88

88

88

96

Freight, etc.. Cars

10,183

9,929

9,929

9,933

9,933

9,91?

9,917

9,917

Pass. Train Miles.

2,767,614

2,947,096

3,322,377

3,665,297

2,610,879

2.651,960

2,687,399

2,704,953

F'ght Train Miles
Passeng's Carried
Passenger Miles,...

7,211,013
4,766,768
128,631.266

6,5?2,799
4,839,245
135,897,210

7,715,414
4,964,260
157,453,887

6,977,893
4,287,843
228,427,345

5,989,615
3,596,594
98,493,197

6,808,689
3,406,106
98,190,890

6,283,138
3,639,113
113,444,863

6,896,370
3,223,419
98,415,882

F'ght (tons) MVd
F'ght (ton) Miles.

7,942,888
1,225,877,562

7,348,033
1,121,703,831

8,430,615
1,300,288,406

7,517,765
1,057,615,869

7,847,764
1,015,159,806

10,425,773
1,364,200,288

9,203,352
1,051,943,692

10,638,633
1,266,141,642

%

$

$

$

$

$

8

$

Gross Earnings,..

* 12,034,082

11,659,144

12.769,832

12.659,668

9,429,859

11,102,923

10,022,267

10,583,283

Operat'gExpen...

7,959,834

7,480,548

9,193,094

8,946,732

7,161,766

7,448,303

6,915,369

7,109,840

Availa'le Revenue

4,074,248

4,178,560

3,576,738

3,712,936

2,268,093

3,654,620

3,106,898

3,473,443

In. & Sk. F. ) # I

972,800

972,800

972,800

972,800

972,800

972,800

972,800

618,200

Dv. b'h Sks. V 2 1

2,246,350

2,332,532

2,386,194

2,485,328

2,634,771

2,701,838

2,701,838

2,711,554

Other Dish. \ % /

31003

31,190

31,456

45,131

19,000

48,548

50,356

49,998

Bal., Cred. Lessee

824,095

842,038

186,288

209,677

Dr.l, 358,478

Dr. 68,566

Dr. 618,096

93,691

Gross Earn. p. M.

25,582 44

24,812 49

27,176 22

26,941 77

20,068 23

23,628 77

21,328 97

22,52289

Gross Exp. p. Mile

16,939 78

15,919 86

19,564 35

19,040 06

15,241 37

15,851 16

14,717 00

15,130 86

Net Earn. p. Mile.

8,642 66

8,892 63

7,611 87

7,901 71

4,82686

7,777 61

6,611 97

7,392 03

Expenses to Earn.

66. 22 p. C.

64. 16 p. c.

71 .99 p. c.

70.67 p. c.

75. 95 p. c.

67.08 p. c.

69.00 p. C.

67.18 p. C.

Av. R. p. Pas.p.M.

2.25C.

2.23C.

2.00c.

1.98C.

2.00 c.

2.06 c.

1.88c.

2.02 c.

Av. R.p. Ton p.M.

0.69c.

0.70 c.

0.67 c.

0.68 c.

0.65 c.

0.64 c.

0.66 c.

0.60 c.

$

9

$

$

; |

$

$

9

Common Stock. . .

19,714,286

19,714,286

19,714,286

19,714,286

19,714,286

19,714,286

19,714,286

19,714,286

Guar. Special St'k

12,370,500

14,374,289

14,374,289

16,967,200

18,883.400

18,883,400

18,883,400

19,161,000

Funded Debt

12,410,000

12,410,000

12,410,000

12,410,000

12,410,000

12,410,000

12,410,000

12,410,000

Cur't Accts.,etc..

1,800,679

1,876,452

1,815,298

1,854,198

1,889,311

1,896,933

1,894,675

2,156,377

Profit and Loss...

6,438,561

6,833,140

7,300,404

7,803,005

8,311,042

8,832,876

9,385,504

9,702,041

Total

52,740,038

55,208,167

55,614,277

58,748,689

61,208,039

61,737,495

62,287,865

63,143,704

Const. & Equip't.

43,664,933

45,668,763

45,668,763

48,255,624

50,171,828

50,171,828

50,171,828

50,449,520

S.F.,lst & 2d M. B.

5,148.527

5,476,831

6,090,727

6,228,850

6,398,749

6,517,430

7,010,743

7,153,534

Truitees Skg. Fd .

1,582,543

1,707,297

1,568,686

1,930,383

2,271,546

2,675,452

2,737,988

2,845,179

Sundry Assets —

2,344,034

2,355,276

2,286,101

2,333,832

2,365,916

2,372,785

2,367,306

2,695,471

Total

52,740,038

55,208,167

55,614,277

58,748,689

61,208,039

61,737,495

62,287,866

63,148,704

"Includes profit in operating N. C. & B. V. RR.

Board of Directors, elected May, 1898.

Term expires in 1899.
J. Sherman. .Mansfield, O.
L. B. Harrison.. Cincin.,O.
Frank Thomson. Phila., Pa.

Term expires in 1900.
C. Lanier. New York, N. Y.
Henry Amy "
W. C. Egleston "
Jas.McCrea.Pittsburgh.Pa.

Term expires in 1901.

Jno. S . Kennedy. New York

Chas. E. Speer.. Pitts., Pa.

Charles Me- I Ft. Wayne,

Culloch.... | Ind.

Term expires in 1908.
Jno. N . Hutchinson . Phila.
Henry C.Urner.Cincin.,O.
L. Z. Leiter.. Chicago, 111.

CHAS. LANIER, President New York, N. Y.

John J. Haley, Secretary and Treasurer Pittsburgh, Pa.

Officers in charge of operations See Pennsylvania Co.

PRINCIPAL OFFICE AND ADDRESS. . .Penn. Ave. & 10th St., Lock box 340, Pittsburgh.
Fiscal Agents Winslow, Lanier & Co., 17 Nassau St., New York.

RAILROADS LEASED TO THE PITTSBURGH, FORT WAYNE AND CHICAGO Rv. Co. AND
OPERATED BY THE PENNSYLVANIA Co.

Massillon and Cleveland RR — Masslllon
June., O., to Chippewa, O., 12.23 miles. Sidings,
etc., 1.52 miles. Gauge, 4 ft. 9 in. Rail— iron, 56 and
60 Ibs.; steel (0.11 in.). 60 Ibs. Organized Oct. 3. 1868.
Leased for 99 years. May 22, 1869, to P., F. W. &
C. Ry. Co., and subsequently transferred to Pennsyl-
vania Co. Rental, 40 p. c. of gross earnings, a mini-
mum being fixed at $20.000 a year. Equipment fur-
nished by Pennsylvania Co. as required. Operations,
year ending Dec. 31, 1897.— Train mileage (mixed),
7,554 miles. Passengers parried, 1,482; carried one
mile, 6,725. Tons freight moved, 94,377: moved one
mile, 288,474. Earnings— passenger, $105; freight,

$13,416; other, $7— total, $13,528. Operating ex-
penses, $7,557. Net earnings-, $5,971. Lessor's In-
come Account, year ending Dec. 31, 1897.— All in-
formation refused (see Manual, 1897). Financial
Statement, Dec. 31, 1897.— Capital stock (par, $50),
$200,000; funded debt, 1st mtge. 5 p. c. 30-yr. $500
registered bonds, due Jan. 1, 1920, or at option,
interest Jan. and July, $37,000. Contra: Cost of road,
$328,399.36. Interest payable at oftlce of Winslow,
Lanier & Co., New York. Directors (elected Feb. 1,
1898).— W. C. Egleston, Charles Lanier, Henry Amy,
New York, N. Y.; W. F. Robb, Pittsburgh, Pa.;

POOR'S MANUAL— PENNSYLVANIA CO. SYSTEM. 665

John Sherman, Mansfield, O.; P. W. Arnold, Mas-
sillon. O. ; L. B. Harrison, H. C. Urner, Cincinnati,
O.; Mark A. Hanna, Cleveland, O. Officers: Chas.
Lanler, Pres., New York, N. Y.; John J. Haley, Sec.
& Treas., Pittsburgh, Pa. Officers in charge of oper-
ations, see Pennsylvania Co. Operating Office, Mas-
sillon, O. Principal Office, Penn. Ave. and 10th St.,
Lock Box 340, Pittsburgh, Pa.

New Castle and Beaver Valley 15 It.

Homewood, Pa., to New Castle, Pa., 14.98 miles.
Sidings, etc., 10.38 miles. Gauge, 4 ft. 9 In. Rail-
steel (22.03 m.), 70 Ibs. ; Iron, 60 Ibs. Chartered
Feb. 6, 1862; road opened Oct. 3, 1863. Leased June
29, 1865, for 99 years, to the P., Ft. W. & C. Ry.
Co. ; operated by the Pennsylvania Co. ; rental, 40
p. c. of gross earnings. Equipment furnished by
Pennsylvania Co., as required. Operations, year
ending Dec. 31. 1897.— Trains run (passenger, 36,-
600; freight, 159,485: other, 4.335), 200,420 miles.

246. Tons moved, 3,080,006; ton-miles. 14,601,388.
Earnings (passenger, $16.184; freight, $194,940; other,
$4.933), $216,057. Operating expenses and taxes,
$120,442. Net earnings, $95,615. Lessor's Income Ac-
count year ending Dec. 31, 1897.— Rental, $86,426.
Paid dividends (10 p. c.), $70,000; taxes, $6,650;
additions and Improvements, $12,000— total, $88,650.
Deficit, $2,224; surplus forward, $5,636; net surplus,
$3,412. Financial Statement, Dec. 31, 1897.—
Capital stock (shares. $50), $700,000; accounts, $1,-
522; profit and loss, $3,412— total, $704,934. Contra:
Cost of road, $700,000; current accounts, $4,934—
total. $704,934. Stock owned 10 days entitles holder
to vote at annual meetings. Directors (elected April
12, 1898).— J. T. Brooks, Joseph Wood, John W.
Renner, H.Darlington, Pittsburgh, Pa.; Wm. Patter-
son. W. E. Reis. New Castle, Pa. Officers: James
McCrea, Pres.; Joseph Wood, Vice-Pres.; T. H. B.
McKnight, Treas.; S. B. Liggett, Sec., Pittsburgh,
Pa. Officers in charge of operations, see Pennsyl-

Passengera carried, 136,929; carried one mile, 654,- vania Co. Principal Office, Pittsburgh, Pa.

RAILROAD LEASED TO, AND OPERATED BY, THE PENNSYLVANIA

COMPANY.— ERIE AND PITTSBURGH RAILROAD COMPANY.

Main Line of Road. — New Castle to Girard Junction, Pa 81.00 m.

Erie Dock Branch: Dock Junction to Erie Dock, Pa 8.47 m. — 84.47 miles.

Trackage : L. 8. & M. 8. Ry.: Girard Junction to Erie, Pa ,,,,,.,,, 16.74

Total length of lines operated, Dec. 81, 1897 101.21 miles.

Sidings, etc., 52.76 miles. Gauge, 4 ft. 9 in. Rail (steel, 131.15 m.), 60 and 70 Ibs.

History. — Chartered April 1, 1858 ; road opened in 1865. Leased to Pennsylvania RR.
Co., for 999 years from March 1, 1870; subsequently assigned by that company to the Penn-
sylvania Company. Rental, 7 p. c. on stock and interest on bonds.

Rolling Stock, Dec. 31, 1897. — Locomotives, 29. Cars — passenger, 5 ; baggage, etc., 4 ;
freight (box, 50 ; gondola, 1,439 ; flat, 22 ; stock, 8 ; caboose, 12), 1,531 ; ore dump, 20— total,
1,560.

Operations, year ending Dec. 31, 1897. — Train mileage — passenger, 207,135 ; freight,
772,150 ; other, 19,548— total, 998,833 miies. Passengers carried, 217,829 ; carried one mile,
5,492,712; average mile rate, 2.02 cents. Tons freight moved, 2,219,055 ; moved one mile,
160,747,488 ; average ton-mile rate, 0.44 cent.

EARNINGS. 1897 1896

Passenger $111,164 25 $111,835 45

Freight 714,82095 639,84906

Mail and Express 28,70131 22,93118

Miscellaneous 35,61176 30,21342

Totals $884,298 27 $804,829 11

Totals per Mile 8,737 26 7,952 07

EXPENSES. 1897 1896

Conducting Transportation... $325, 428 65 $330,521 67

Maintenance of Equipment... 96,45145 99,86217

Maintenance of Way, etc 132,75695 281,38047

General and Taxes 12.542 48 13,561 61

Totals $567,179 53 $725,325 92

Totals per Mile. 5,60399 7,16654

Net earnings, 1897 (35.86 p. c.), $317,118.74.

Lessor's Income Account, year ending Dec. 31, 1897. — Rental received, $356,900 ; other,
$10— total, $356,910. Payments : Interest on bonds, $214,400 ; dividends, Nos. 108 to 111, in-
clusive, 7 p. c. (quarterly, M., J., S. & D.), $139,888 ; State tax on bonds, $387.60 ; general ex-
penses, $3,786.30— total, $358,461.90. Deficit, $1,551.90 ; deficit forward, $17,779.09— total,
$19,330.99.

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $50), $1,998,400 ; funded
debt, $3,395,000; current accounts, $22,133.93— total, $5,415,533.93. Contra: Construction,
$3,200,280.66 ; equipment, $1,895,725.18— total ($60,329.18 per mile), $5,096,005.84 ; stocks,
$11,860.88; Erie extension canal property, $155,000; betterments, $111,313.96; current ac-
counts, $1,365.41 ; cash, $20,656.85 ; profit and loss, $19,330.99— total, $5,415,533.93.

Funded debt ($3,395,000) consisted, Dec. 31, 1897, of the following issues :

Consolidated mtge. 7 p. c. 30-yr. (coup. $1,000) bonds, due July 1, 1898, interest Jan. and July $2,109,000

Equipment mtge. 7 p. c. 30-yr. (coup. $1,000) bonds, due Oct. 1, 1900, interest April and Oct 511,000

General mtge. 4 p. c. 50-yr. (coup. $1,000) gold bonds, due July 1, 1940, interest Jan. and July 775,000

The consols were authorized to the amount of $4,500,000, but by the terms of the lease the issue was
limited to an amount sufficient to take up the 1st and 2d mtge. bonds. Amount of equipment bonds author-
ized, $1,000,000. The authorized amount of gen. mtge. bonds is $4,500,000. A sufficient amount is reserved
for retirement of prior issues. The bonds are guaranteed by the Pa. RR. Co. Trustees of bonds: Equipment
mtge., John P. Green, Philadelphia, Pa.; consol. and gen. mtge., Union Trust Co., New York, N. Y.

Voting power attaches to stock after 60 days' ownership. Interest payable at office of
Union Trust Co. , New York.

666 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Directors (as constituted Jan. 10, 1898).— Matthew H. Taylor, Charles H. Strong, D. D.
Tracy, Erie, Pa.; John P. Green, Philadelphia, Pa.; Charles S. Fairchild, New York, N.Y. ;
James McCrea, Pittsburgh, Pa.; John J. Spearman, Sharon, Pa.

CHARLES H. STRONG, President Erie, Pa.

Vice- President— Matthew H. Taylor Erie, Pa. | Sec. <fc Treat.— John P. Smart Erie, Pa.

Officers iu charge of operations See Pennsylvania Co.

PRINCIPAL OFFICE AND ADDRESS Room 7, Scott's Building, Erie, Pa.

RAILROAD LEASED TO, AND OPERATED BY, THE PENNSYLVANIA COM-
PANY.—CLEVELAND AND PITTSBURGH RR. CO.

w * Tt « ,«» i>«.ji. J Rochester, Pa., to Cleveland, 0 123.80 miles.

Main Lines of Koad: ^ Yellow Creek o. , to Bellaire, O 43.44 "

New Philadelphia Branch : Bayard, O., to New Philadelphia, 0 31.10 "

Trackage : Pitttburgh, Ft. W. & Chic. Ry: Rochester to Pittsburgh, Pa 25.64 "

Total length of lines operated Dec. 31, 1897 223.98 miles.

2d track, 8.88 m.; sidings, 159.11 miles. Gauge, 4 ft. 9 in. Rail, steel (349.33 m.\ 60, 70,
and 85 IDS.; iron, 60 Ibs.

History. — Chartered in Ohio, March 14, 1836, and in Pennsylvania, April 8, 1850; road
opened to the Ohio River in 1852. Leased to the Pennsylvania RR. Co., for 999 years from
Dec. 1, 1871; lease transferred to the Penmsylvauia Co., April 14, 1873. Rental, 7 p. c. OD
capital stock, interest on bonds, sinking fund, and $10,000 for organization expenses.

Boiling Stock, Dec. 31, 1897. — Locomotives, 97. Cars — passenger, 48 ; baggage, mail,
and express, 24 ; freight (box, 500 ; gondola, 3,665 ; stock, 100 ; flat, 30 ; caboose, 51), 4,346
— total cars, 4,418. Eleven of the locomotives are in service on other Pennsylvania Co.'s
lines.

Operations, year ending Dec. 31, 1897. — See tabulated statement on page 667.

Expenses— Conducting Transportation. ... .$1,234,608 72

Maintenance of Equipment 406,644 63

Maint. Way and Buildings 389,978 22

General and Taxes 158,801 62

Total ($9,777.81 per mile) '. .$2,190,033 19

Earnings— Passenger $561,19613

Freight 2.897,164 86

Mail and Express 108,678 42

Miscellaneous 40,731 97

Total ($16,107.54 per mile) $3,607,766 38

Net earnings (39.30 p. c.), $1,417,733.19, appropriated as follows : Dividend fund,
976.48; interest on funded debt, $303,210; fund for maintenance of organization, $10,000;
tax on capital stock and bonds, $7,609.49; rental of track (P., F. W. & C. Ry.), $29,337.42—
total, $1,137,133.39. Surplus, $280,599.80.

Lessor's Income Account, 13 months ending Dec. 31, 1897. — Receipts: From rental, interest,
sinking funds, etc., $1,448,634.47; interest on investments and cash balances, $19,256.95—
total, $1,467,891.42. Disbursements: Interest on bonds, $305,695; sinking fund, $295,579.10;
dividends, Nos. 133 to 136 (M., J., S. & D., 1$ p. c. each), $786,923.48; maintenance of
organization, etc., $9,606.26— total," $1,397,803.84. Surplus, $70,087.58. Less interest due
Jau. 1, 1898, $68,200; net balance, 13 months ending Dec. 31, 1897, $1,887.58.
General Balance Sheet, Dec. 31, 1897.

Cost of Eoad, Equipment, etc $19,036,787 33

Pa. RR. Co., Materials Account 261,210 66

Farmers' Loan and Trust Co., Trustee. . 599,755 69

Pa. RR. Co., Sink. Fund Redemp. Acc't. 566,000 00

Cash on Hand and Held by Trans. Agts. 149,365 67

Total Assets $20,613,119 38

Capital Stock (par, $50) .- $11,247,528 67

Funded Debt Outstandimg (see below) 5,970,290 07

Current Accounts 16,95804

Due Lessee for Betterments 646 67

Dividends and Interest Unpaid 69,167 88

Balance of Income Account 3,308,528 10

Total Liabilities $20,613,119 38

Funded debt ($5,970,290.07) consisted, Dec. 31, 1897, of the following :

Consol. sinking fund 7 p. c. $1,000 coup, bonds of 1867, due Nov. 1, 1000, int. May and Nov $1,310,000 00

Construct' n & Equip. "Series A" 7 p. c. 40-yr. $1,000 coup, bonds, due Jan. 1, 1913, int. J. & J.... 24,000 00

Gen. Mtge. 4J p. c. 50-yr. $1,000 " Series A " bonds, due Jan. 1, 1942, int. Jan. and July 3,000,000 00

Gen. Mtge. 4J p. c. 50-yr. $1,000 Series " B " bonds, due Oct. 1, 1942, int. April and Oct 1,628,000 00

4th Mtge. scrip issues 8,290 07

Of the consol. mtge. bonds $1,663,000 and of the construction bonds $877,000 are in the sinking fund and
not included in the above list. Releases of the liens of the 2d, 3d, and 4th mtges. were secured from the
trustees and discharged during 1893. The consol. mtge. bonds are secured by a lien on the whole road; the
construction and equipment bonds are a lien on the income.

The gen. mtge. bonds were issued is 1892. The Series " A " bonds were issued for the following pur-

POOR'S MANUAL — PENNSYLVANIA CO. SYSTEM.

667

poses: To retire 4th mtge. bonds and scrip (matured Jan. 1, 1892), $1,100,000, to be exchanged, bond for bond,
for construction and equipment bonds, as agreed by the Pa. RR. Co., $1,010,000; to pay lessee for better-
ments for the years 1887 to 1891, inclusive, any further amount necessary to pay for same to be applied toward
bonds due the lessee on account of bonds which have been redeemed under the sinking fund clauses, $890,000 —
total, $3,000,000. The remainder of the authorized issue ($7,000,000) is reserved for .retirement of prior lien
bonds, for betterments, etc. A second series of bonds under the provisions of this mortgage — Series " B," for
$2,000,000 — was requested by the lessee, and authorised by the directors in May, 1892. The bonds of this
series run for 50 years from Oct. 1, 1892, with interest, payable April and Oct., at 4J p. c. per annum. They
bear the guarantee of the Pa. RR, Co. in the same form as that placed upon the bonds of Series " A," and
are in all other respects the same in form as the Series "A" bonds. Up to Dec. 31, 1897, $1,628,000 bonds of
this series were issued on account of betterments, etc. Bonds of both issues are for $1,000 gold each, in coupon
form, with privilege of registration; principal and interest and installments for sinking fund guaranteed (by
endorsement) by the Pa. RR. Co. A sinking fund of not less than 1 p. c. of the total amount outstanding is
provided for the redemption of gen. mtge. bonds, whenever they can be purchased at or under par and accrued
interest. Registrar of bonds: Winslow, Lanier & Co., New York, N. Y. By an agreement entered into with
the Farmers' Loan and Trust Co., trustee of the consol. sinking fund bonds of 1900, no further issues of those
bonds will be made. The lessee agrees to accept the bonds of the new gen. mtge. for all betterments hereafter
to be made; therefore, no further issues of the construction and equipment bonds will be made.

Trustee of bonds: Farmers' Loan and Trust Co., New York, N. Y. Interest payable at the office of
Winslow, Lanier & Co., New York, N. Y.

Statement for eight years ; of operations, etc., for years ending Dec. 31, and of capital
account for years ending Nov. 30 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles of RR. Operated
Passenger Train Miles
Freight Train Miles

223.98
669.075
1,893,151
1,526,467
29,859,044
4,784.^41
359,264-354

723,437
2,744,819
125,416

223.98
708,943
1,805.004
1,508,427
80,121,013
4,523,547
338-198662
$
728,289
2,579.094
121,895

223.98
745,662
2,010,808
1,410,953
30,145,990
4,986,187
381.936,011
$
711,059
2,738,252
125,736

223.98
743,057
1,752,750
1,237,342
28,453,933
4.158,841
313.382,430

$

641.767
2,278,958
120,493

323.98
726,083
1,639,526
1,096,289
25,773,024
3,923,613
306,122,020

584,186
2,196,089
117,445

223.98
784,696
1,904,067
1,099,460
26,478,809
5,189,510
414.977.345
$
615,658
2,806.483
133,356

223.98
764,619
1,804,613
1,015,806
24,853,069
4,606,738
386,058,164

576,678
2,506,955
142,981

223.98
764,566
1,986,604
(197,199
25,161,094
5.424,452
483-562355
S
561,196
2,8t»7,165
149,405

Passengers Carried

Passenger Mile?

Freight (tone) Moved
Freight (ton) Miles

Passenger Earnings

Freight Earnings

Miscellaneous Earnings
Gross Earnings

8,593,672
2,459,714

3,429,"278
2,310,806

3,575,047
2,404,776

3,041,818
2,139,861

2,897,719
1,827,068

8,555,497
2,097,781

3,226,614

2,078,531

3,607,766
2,219,370

Operating Expenses

Net Earnings

1,133,958
336,520
786.971
173,149
10,000
2,984
-175,666

16,044 61
10,981 85
5,062 76
67.18 p. c.
2.34 c.
0.76 c.

19S.34
321.93
283.12
92
46
24
3,471
$
11,247,100
4,874.344
226,249
340.891
1,732,343

1,118,472
333,329
786,974
175.291
10,000
2,965
-190,086

15,310 64
10,317 01
4,99363
67.88 p. c.
2.33 c.
0.76 c.

198.34

329.88
294.03
97
48
24
3,471

11,247.814
4,742,344
232,186
413,700
1,895,326

1,110,271
309.895
786,975
187,609
10,000
2,962
-187,170

15,961 46
11,00444
4,95702
68.95 p. c.
2.26 c.
0.71 C.

198.34
338.38
321.07
97
48
24
3,471

11,247,314
5,846,410
229,727
49,074
2,076,706

901,357
823,828
786,976
200,800
10,000
6,344
-426,591

13,578 08
9,55381
4,02427
70.66 p. c.
2.32 c.
0.72 c.

198.34
344.09
328.68
97
48
24
3,971
«
11,247,306
5,834,410
225,960
64,439
2,273,770

1,070,652
322,995
786,976
214,803
10,000
6,132
-270,254

12,93740
8,157 28
4,78012
63.05 p. c.
2.15 c.
0.71 c.

198.34
345.59
345.59
97
48
24
3,971

11,247,529
6,057,870
225,684
68,805
2,484,815

1,457,716
311.495
786,976
230,087
10,000
6,344
+ 112,814

15,874 17
9,36593
6,50824
59.03 p. c.
2.20 c.
0.67 c.

198.34
350.74
333.74
97
48
24
4,346

11,247,529
5,907,370
263,840
39,715
2,711,635

1,148,083
305,970
786,976
260,639
10,000
7,835
-223,337

14,405 81
9,27998
5,125 83
64.42 p. c.
2.18C.
0.65 C.

198.34
356.14
339.14
97
48
24
4,346
S
11,247,529
6,050,370
264,270
21,382
2,948,201

1,388,396
303,210
786.976
206,218
10,000
7,609
+ 74,383

16,10754
9,90879
6,198 75
61. 52 p. c.
2.10c.
0.60 C.

198.34
366.33
349.33
97
48
24
4,346
8
11,247,529
5,970,290
69.168
17,604
3,308,528

Dividends

Sinking Find —
Organization
Tax on Stock and Bonds. . .
Balance (+ or — )

Gross Earnings per Mile —
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile. . .
Av. Rate p. Ton p. Mile . . .

Miles of Road Owned
Miles of Track.

Miles of Steel Rail ....

Passenger Cars

Baggage, etc., Cars

Freight (= 8- wheel) Cars. . .
Capital Stock

Funded Debt

Coups, and Divs. Due

Income Balance

Total Liabilities

18,420,926

17,867,881
261,211
7,917
283,917

18,530,870

17,944,573
261,211
5,500
319,586

19,449,231

18,224,218
261,211
5,500
392,302
666,000

19,645,915

18,351,228
261,211
5,500
461,976
566,000

20,084,703

18,659,717
261.211
5,500
592,275

566, OOC

20,170,089

18,670,495
261,211
5^00
666,883
566,000

20,531,752 20,613,119

18,969,148 19,030,787
261,211 261,211

Railroad, Equipment, etc.. .

Cash and Sinking Fund. . . .
8kg. Fond Redemp. Acct..

735,393 749,121
566,000 566,000

Total Assets

18,420,926

18,530,870

19,449,231

19,645,915

20,084,703

20,170,089

20,531,752 20,613,119

NOTE. — Operating expenses in the above table include in each year the earnings paid as rental for the use
of the tracks of the Pittsburgh, Ft. Wayne and Chicago Ry. The earnings and expenses per mile are reckoned
on the basis of the gross earnings and expenses shown in the table.

Directors (elected May 19, 1898).— R. F. Smith, J. V. Painter, E. R. Perkins, M. A.
Ha-.na, II. C. Ranney, Cleveland, 0.; E. A. Ferguson, Cincinnati, O.; J. T. Brooks, Salem,

668

POOR'S MANUAL OF -RAILROADS — RAILROAD "SYSTEMS.

O.; Frank Thomson, Philadelphia, Pa. ; H. Darlington, Pittsburgh, Pa.; Charles Lanier,
Win. C. Egleston, J. S. Kennedy, New York, N. Y.

R. F. SMITH, President Cleveland, O.

Vice-Pres.— 3. V. Painter Cleveland, O. I Sec. <t Treas.—Jobn E. Kloss Cleveland, O.

Officers in charge of operations See Pennsylvania Co.

PRINCIPAL OFFICE AND ADDRESS Cleveland, O.

Fiscal Agency Winslow, Lanier & Co., New York, N. Y.

RAILROAD LEASED TO, AND OPERATED BY, THE PENNSYLVANIA

COMPANY.^-PITTSBURGH, YOUNGSTOWN AND ASHTABULA RR. CO.

Main Line of Road. — Kenwood, Pa., to Ashtabula Harbor, 0 99.00 miles.

D i . (June, near Haselton, O., to Youngstown, O., Tube Works. 1.19 m.

Branches . ^ Nllegj Q ^ ^ Alliance Junc o 24 90 m._ 26.09 "

Trackage : P., F. W '. & C. My. : Alliance June, to Alliance, 0 2.70 •'

Total length of all lines owned and operated Dec. 31, 1897 127.79 miles.

Sidings, 71.64 miles. Gauge, 4 ft. 9 in. Rail— iron, 60 Ibs.; steel (189.89 m.), 60, 70 and
«5 Ibs.

History.— Consolidation, July 22, 1887, of the Ashtabula and Pittsburgh Ry. Co., the
Alliance, Niles and Ashtabula, the Lawrence, and the New Brighton and New Castle RR. Cos.
Road leased from Aug. 1, 1887, to the Pennsylvania Co. ; rental, net earnings.

Rolling Stock, Dec. 31, 1897.— Freight cars— box, 100 ; gondola, 2,325 ; ore dump, 80 ;
caboose, 10 — total, 2,515. All other equipment supplied by the lessee as required.

Operations, year ending Dec. 31, 1897. — Train mileage — passenger, 221,268; freight,
976,447 ; other, 35,977— total, 1,233,692 miles. Passengers carried, 350,606 ; carried one
mile, 5,727,761 ; average mile rate, 2.05 cents. Tons freight moved, 5,443,768 ; moved one
mile, 244,540,101 ; average ton-mile rate, 0.53 cent.

EARNINGS. 1897 1896

Passenger $133,42848 $140,37019

Freight 1,294,21848 1,216,91727

Mail and Express 20,74963 20,94885

Miscellaneous 5,309 86 4,864 05

Total $1,452,706 45 $1,383,100 36

Total per mile 11,36792 10,82323

EXPENSES. 1897 1896

Conducting Transportation $454,555 06 $442,197 56

Maintenance of Equipment 161,64618 166,12287

Maint. Way and Buildings 217,648 00 225,174 85

General and Taxes 62,78277 65,48845

Total .$896,632 01 $898,983 73

Total per mile 7,016 45 7,034 85

Net earnings, 1897 (38.28 p. c.), $556,074.44; other receipts, $2,269.65— total, $558,344.09.
Payments : Interest on bonds, $168,100 ; dividends (Nos. 19 and 20, March and Sept., 3£ p.
c. each, on preferred ; Nos. 13 and 14, March, 3 p. c., and Sept., 3 p. c., on common), $198,749;
hire of equipment, $40,999.24 ; additions and improvements, $5,128.35 ; other, $479,364—
total, $892,340.59. Deficit, $333,996.50; surplus forward, $465,005.57; net surplus, $131,-
009.07.

General Balance Sheet, Dee. 31, 1897.

Cost of Road and Rolling Stock $6,095,341 58

Current Accounts 188,227 63

Cash on Hand 3,183 00

Capital Stock Paid in (shares, $50) $3,033,341 58

Funded Debt Outstanding 3,062,00000

Felician Park Improvement Fund 6,701 89

Interest Due and Accrued 53,33667

Unpaid Dividends 363 00

Profit and Loss 131,009 07

Total Assets $6,286,752 21 Total Liabilities $6,286,752 21

The capital stock (auth., $2,000,000 common and $2,000,000 preferred), consists of $1,-
329,150 common, $1,700,000 preferred, and $4,191.58 common A. & P. Ry. Co. unconverted
shares, $50 each. Preferred stock is entitled to 7 p. c. before any dividend is paid on
common.

Funded debt consisted, Dec. 31, 1897, of the following :

Consol. mtge. 5 p. c. 40-yr. $1,000 coup, bonds, due Nov. 1, 1927, interest May and Nov $1,562,000

-st mtge. (A. & P. Ry.) 6 p. c. 30-yr. $1,000 coup, and reg. bonds, due Aug. 1, 1908, int. Feb. & Aug. 1,500,000
The consols are secured on the line from Kenwood, Pa., to Ashtabula Harbor, O., 99 m. ; from Alliance
Junction, O., to Niles, 24.9 m.— total, 123.9 miles. Authorized issue, $4,000,000, of which $1,800,000 were re-
served to retire prior liens, and $638,000 for betterments. A sinking fund of 1 p. c. of the bonds outstanding
is provided annually for the redemption of these bonds, when they can be purchased at or less than par; if

POOR'S MANUAL — PENNYSLVANIA CO. SYSTEM. 669

the bonds cannot be purchased at that price then the sinking fund lapses and the 1 p. c. reverts to the treas-
ury. Interest on bonds payable at the office of the trustee, Farmers' Loan and Trust Co., New York, N. Y.

The A. <t P. Ry. bonds are secured on the line from Youngstown, O., to Ashtabula Harbor, O., 62.60
miles. Interest payable at the office of the trustee, Fidelity Insurance, Trust and Safe Deposit Co., Phila-
delphia, Pa.

Directors (elected May 19, 1898).— John N. Hutchinson, John P. Green, Philadelphia,
Pa.; James McCrca, Benj. Thaw, J. T. Brooks, Pittsburgh, Pa.; Jas. D. Hancock, Frank-
lin, Pa.; Caleb B. Wick, W. Scott Bonnell, J. G. Butler, Jr., Youngstown, O.; H. L. Morri-
son, Thaddeus E. Hoyt, Ashtabula, O.

JOHN N. HTJTCHINBON, President Philadelphia, Pa.

Treasurer— T. H. B. McKaight Pittsburgh, Pa. | Secretary— S. B. Liggett Pittsburgh, Pa.

Officers in charge of operations See Pennsylvania Co.

PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.

RAILROAD LEASED TO, AND OPERATED BT, THE PENNSYLVANIA
COMPANY.— TOLEDO, WALHONDING VALLEY AND OHIO RR. CO.

r -D . i Toledo Junction, 0., to Toledo, 0 79.98 m.

Lines or Koad . ^ CoBuoctonf o., to Loudonville, O . .45.42 m.

Trackage : P., F. W. & C. Ry.: Toledo June.. O., to Mansfield, 0. . 6.50 m.— 131.90 miles.
2d track, 1.07 m.; sidings, 35.07 miles. Gauge, 4 ft. 9 in. Rail (steel), 50, 60, and 70 lb?.

History. — Consolidation, May 22, 1891, of the Northwestern Ohio and the Walhonding
Valley Ry. Cos. (See MANUAL for 1893.) Loudonville line opened March 20, 1893. Oper-
ated by the Pennsylvania Co.; rental, net earnings.

Rolling Stock, Dec. 31, 1897. — Locomotives, 6. Cars — passenger, 6; freight (box, 150;
gondolas, 1,020; caboose, 4), 1,174 — total cars, 1,180. Remainder of equipment is supplied
by the lessee as required.

Operations, year ending Dec. 81, 1897. — Train mileage — passenger, 169,941 ; freight,
527,445 ; other, 21,354 — total, 718,740 miles. Passengers carried, 192,119; carried one mile,
5,120,559; average mile rate, 2.17 cents. Tons freight moved, 1,367,451 ; moved one mile,
123,312,560; average ton-mile rate, 0.45 cent.

EARNINGS. 1897 1896

Passenger $111,18980 $12-->,165 64

Freight 556,13346 522,87289

Mail and Express 87,02494 27,28096

Miscellaneous 41,79950 34,95159

Totals $736.14770 $707,27708

Totals per mile 5,58110 5,36222

EXPENSES. 1897 1896

Cond acting Transportation . . . .$269,069 60 $288,804 86

Maintenance of Equipment 80,98060 93,28835

Maintenance Way, etc 95,617 90 99,944 73

General and Taxes 46,992 05 47,521 7:t

Totals .. ...$492,66015 $529,55967

Totals per mile 3,73510 4,01486

Net earnings, 1897 (33. 08 p. c.), $243,487.55; other receipts, $20,334.30— total, $263,821.85.
Payments: Interest on bonds, $112,815; hire of equipment, $41,606.91; rents, $5,869.77—
total, $160,291.68. Surplus, $103,530.17; surplus forward, $190,590.13— total, $294,120.30.

Financial Statement, Dec. 31, 1897.— Capital stock ($4,000,000 auth.; shares, $100),
$2,500,000 ; funded debt (see below), $2,507,000; interest due and accrued, $56,497.50; profit
and loss, $294,120.30— total, $5,357,617.80. Contra : Cost of road, etc., $4,522,656.78; securi-
ties owned, $80,800; cash and current accounts, $754,161.02— total, $5,357,617.80.

Funded debt Dec. 31, 1897: $1,500,000 series A 1st mtge. 4J p. c. 40-yr. $1,000 gold coup, or registered
bonds (coup, bonds subject to registration), due July 1, 1931, interest Jan. and July; and $1,007,000 series B
1st mtge. 4J p. c. 40-yr. $1,000 gold coup, bonds, with privilege of registration, due July 1, 1933, interest Jan.
and July. The bonds are guaranteed, principal and interest, by the Pennsylvania Co. Amount authorized,
$4,000,000. Interest payable at the office of the trustee, Farmers' Loan and Trust Co., New York, N. Y. There
is a sinking fund of 1 p. c. for purchase of bonds if they can be obtained at or under par, but if they cannot
be so obtained the sinking fund lapses.

Directors (elected March 11, 1898).— Joseph Wood, J. T. Brooks, J. J. Brooks, James
McCrea, Jno. W. Renner, E. B. Taylor, Pittsburgh, Pa.; W. A. Baldwin, Cambridge, O.;
A. J. Warner, Marietta, O. ; Jesse P. Forbes, W. R. Pomerene, Coshocton, O.; Leauder F.
McVey, Walhonding, O.

JAMES McCREA, President .Pittsburgh, Pa.^

Joseph Wood, Vice- President " "

Treasurer— T. H. B. McKnight Pittsburgh, Pa. | Secretary— S. B. Liggett Pittsburgh, Pa.

Officers in charge of operations S«e Pennsylvania Co.

PRINCIPAL OFFICE AND ADDRESS Coshocton, 0.

670 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

RAILBOADS CONTROLLED AND OPEBATED BY THE PENNSYLVANIA Co.

CALUMET RIVER BY.— One Hundredth St., Chicago, 111., to Hegewisch, 111., 4.43 m.; total track, 4.87
miles. Gauge, 4 ft. 9 in. Kail (steel), 60 Ibs. Chartered March 5, 1883. Owns no equipment.

Operations, year ending Dec. 31 , 1897.— Earnings (track tolls), $6,058. Operating expenses and taxes, $3,436.
Net ear-nine's, S2,622. Paid interest, $3,435. Deficit, $813; deficit forward, $45,507— total, $46,320.

Financial Statement, Dec. 31, 1897.— Capital stock (auth., $150,000; shares, $100), $68,700: funded debt
(5 p. c. registered obligations, convertible into 1st mtge. bonds, dated Dec. 31, 1888, $65,000; Dec. 31, 1893,
$2,000- and Dec. 31, 1896, $1,700; interest Jan. and July), $68,700; matured interest, $29,735; due Pennsylvania
Co., $17,841— total, $184,976. Contra : Cost of road, $538,656; profit and loss, $46,320— total, $184.976.

Directors (elected April 15, 1898).— Joseph Wood, James McCrea, Pittsburgh, Pa.; George M. Bogne, F. W.
Belz, Wm. Borner, Chicago, 111. OFFICERS: JOSEPH WOOD, Pres.; Jas. McCrea, Vice-Pres.; T. H.B. McKnight,
Treas.; S. B. Liggett, Sec., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

MARGINAL BB.— In Beaver Falls, Pa.; 2.96 m.; total track, 3.23 miles. "Gang^e, 4 ft. 9 in. Rail (ste 1,
0.29 m.), 60 Ibs. This road is not incorporated. Equipment furnished by the Pennsylvania Co., by whom the mad
is operated. Earning*, year ending Dec. 31, 1897 (track tolls), $25,742. Operating expenses and taxes, $8,3 (i.
Net earnings, $17,356.

PITTSBUBOH, OHIO VALLEY AND CINCINNATI BB.-Bellaire to Powhatan, O., ]5.-27
m., total track, 17.35 miles. Gauge, 4 ft. 9 in. Rail (steel), 70 Ibs. Chartered as O. V. Ry. Co., April, 187! ;
present name, Aug., 1890 ; road opened Dec. 1, 1892. Operated at cost by the Pennsylvania Co. Equipment sup-
plied by operating company, as required.

Operations, year ending Dec. 31, 1897.— Trains run (passenger, 3,540 ; freight, 6,210 ; other. 378), 10,128
miles. Passengers carried, 7,609 ; carried one mile, 70,315. Tons moved, 2,350 ; ton-miles, 24,202. Earnings
(passenger, $2,074 ; freight, $1,240 ; other, $423), $3.737. Operating expenses and taxes, $8,752. Deficit from oper-
ations, $5,015. Charges : interest on bonds, $12,375 ; hire of equipment, $494— total, $12,869. Deficit for year,
$17,884 ; deficit forward, $105,587— total, $123,471.

Financial Statement, Dec. 31, 1897.— Capital stock (auth., $1,500,000 ; shares, $50), $300,000 ; funded
debt (1st mtge. 5 p. c. 30-yr. $1,000 coup, bonds, due Oct. 1, 1920, interest April and Oct. at office of the Penn. RR.
Co., Philadelphia, Pa.), $290,000 ; interest due and accrued, $76,125 ; due lessee, $49,854— total, $715,979. Contra:
Cost of road, $591,945; current accounts, $563; profit and loss, $123,471— total, $715,979. Trustee of bonds:
Fidelity Insurance Trust and Safe* Deposit Co., Philadelphia, Pa. Voting power attaches to stock after ten days'
ownership.

Directors (elected Feb. 23, 1898).— A. J. Warner, David Oakey, Marietta, O.; James McCrea, J. T. Brooks,
Joseph Wood, Pittsburgh, Pa. ; E. N. Riggs, Powhatan Point, O. ; J. R. McCourtney, Bellaire, O. OFFICERS: James
McCrea, Pres. ; T. H. B. McKnight, Treas. ; S. B. Liggett, Sec., Philadelphia. Pa. GENERAL OFFICE, Pittsburgh, Pa.

ROCHESTER, BEAVEB FALLS AND WESTEBN BY.— At Beaver Falls, Pa., 0.55 m.;
total track, 0.63 mile. Gauge, 4 ft. 9 in. Rail (steel), 60 Ibs. Chartered March 27, 1889 ; road opened Dec. 1, 1890.
Equipment supplied by the Pennsylvania Co.

Operations, year ending Dec. 31, 1897.— Eainings (track tolls), $974. Expenses and taxes, $185. Net earn-
ings, $,89; surplus forward, $1,440— total, $2,229.

Financial Statement, Dec. 31, 1897.— Capital stock (authorized and subscribed, $75,000), paid in, $48,126;
profit and loss, $2,229— total, $50,855. Contra : Cost of road, $48,120 ; due by Pennsylvania Co., $2,229— total,
$50,355. Voting power attaches to stock after sixty days' ownership.

Directors (elected Jan. 10, 1898).— James McCrea, J. T. Brooks, Jno. W. Renner, J. J. Brooks, Thomas
Rodd, L. L. Gilbert, A. B. Starr, S. C. Scott, Pittsburgh, Pa. OF>ICERS : JOSEPH WOOD, Pres.; T. H. B. McKnight,
Treas.; S. B. Liggett, Sec., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

ROLLING MILL BB.— At East Toledo, O., 0.71 m.; total track, 0.82 mile. Gauge, 4 ft. 9 in. Rail
(steel, 0.75 m.), 60 Ibs. Chartered March 23, 1883 ; road opened in the same year. The company owns no rolling
stock.

Operations, year ending Dec. 31, 1897.— Earnings (track tolls), $1,142. Operating expenses and taxes,
$599. Net earnings, $543. Paid dividends, $550. Deficit, $7; surplus forward, $7.

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $100), $40,000 ; representing cost.

Directors (elected Jan. 9, 1898).— James McCrea, L. L. Gilbert, Thos. Rodd, Chas. Watts, Pittsburgh, Pa.
One vacancy. OFFICERS: JAMES MCCREA, Pres.; T. H. B. McKnight, Treas.; S. B. Liggett, Sec., Pittsburgh,
Pa. GENERAL OFFICE, Pittsburgh, Pa.

SALINEVTLLE BB.-Branch from C. & P. RR. at Salineville, O., 3.07 m.; total track, 3.28 miles.
Gauge, 4 ft. 9 in. Rail (steel, 3.05 m.), 60 Ibs. This road is not incorporated. Equipment furnished by the Penn-
sylvania Co., by whom the road is operated.

Operations, year ending Dec. 31, 1897. — Tons moved, 40,427 : moved one mile, 82,724. Earnings (freight),
$1,821. Operating expenses and taxes, $2,212. Deficit from operations, $391.

SOUTH CHICAGO AND SOUTHEBN BB.— Colehour June., 111., to Junction with P., C., C. & St.
L. Ry. near Bernice, 111., 9.32 m.; branch, Hegewisch, III., to Indiana State Line, 0.93 m.— total owned, 10.25 m.;
total track, 13.52 miles. Gauge, 4 ft. 9 in. Rail (steel), 13.52 miles. Chartered Sept. 13, 1881 ; road opened Oct.
15, 1887. Operated by the Pennsylvania Co., which supplies rolling stock as required.

Operations, year ending Dec. 31, 1897.— Trains run (passenger, 20,201 ; freight, 19,630), 39,831 miles. Pas-
sengers carried, 76,124 ; carried one mile, 310,032. Tons moved, 494,277 ; ton-miles, 4,109,411. Earnings (passen-
ger, $4,844 • freight, $29,266 ; other, $9,555), $43,665. Operating expenses and taxes, $39,914. Net earnings, $3,-
751 . Paid interest on debt, $7,885. Deficit, $4.084 ; deficit forward, $46,253— total, $50,337.

Financial Statement, Dec. 31, 1897.— Capital stock (auth., $250,000; shares, $100), $161,700; funded
debt (5 p. c. registered obligations, convertible into 1st mtge. bonds— $123,000, dated Dec. 31, 1888 ; $4,000,
Dec. 31, 1891 ; $5.000, Dec. 31, 1893 ; $18,500, Dec. 31, 1895 ; $6,200, Dec. 31, 1896; and $5,000, Dec. 31, 1897 ; in-
terest Jan. and July), $161,700 ; matured interest on obligations, $41,260; due Pennsylvania Co., $9,277— total,
$373,937. Contra ; Cost of road, $323,600 ; profit and loss, $50.337— total, $373,937. Voting power attaches to
stock after 10 days' ownership. Interest on bonds payable at the company's office. No trustees of bonds.

Directors (elected April 14, 1898).— James McCrea, Joseph Wood, Pittsburgh, Pa.; E. A. Dawson, F. J.
Loesch, Fred. W. Belz, Wm. Borner, George Willard, Chicago, 111. OFFICERS : JOSEPH WOOD, Pres.; Jas. Mc-
Crea, Vice-Pres.; T. H.B. McKnight, Treas.; S. B. Liggett, Sec., Pittsburgh, Pa. GENERAL OFFICE, Pitts-
burgh, Pa.

STATE LINE AND INDIANA CITY BY.— Illinois State Line to Clarke Junction, Ind.. 7.56m.;
total track, 11.68 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 and 70 Ibs. Chartered July 25, 1887 ; road opened in
Jan., 1888 ; extended 4.14 m. in 1892 and 1893. Equipment furnished by the Pennsylvania Co. as required.

Operations, y ear ending Dec. 31, 1897.— Trains run (passenger, 13,023 ; freight, 9,743), 22,766 miles. Pas-
sengers carried, 18,084 ; carried one mile, 50,742. Tons moved, 66,971 ; ton-miles, 285,117. Earnings (passenger,
$776; freight, $8,385; other, $5,065), $14,226. Operating expenses and taxes, $20,285. Deficit from operations,
$6,059. Interest on bonds, $3,800. Deficit for year, $9,859; deficit forward, $38,808— total, $48,667.

Financial Statement, Dec. 31, 1897.— Capital utock (auth., $500,000; subscribed, $90,200 ; shares, $100),

POORS MANUAL — PENNSYLVANIA CO. SYSTEM.

671

$90,000; registered obligations convertible into 1st mtge. bonds (issued Dec. 81, 1893, $60,000; Dec. 31, 1894,
$10,000 ; Dec. 31, 1896, $6,000), bearing 5 p. c. interest, payable Jan and July at company's office, $76,000 ; due
Pennsylvania Co., $35,347 ; interest due on obligations, $13.800— total, $215,147 Contra : Cost of road, $166,480 ;
profit and loss, $48,667— total, $215,147. Voting power attaches to stock after 10 days' ownership.

Directors (elected May 12, 1898).— Joseph Wood, James McCrea, Pittsburgh, Pa.; William Borner, George
Willard, P. J. Loesch, Chicago, 111. OFFICERS: JOSEPH WOOD, Pres.; James McCrea, Vlce-Pres.; T. H. B. Mc-
Knight, Treas.; S. B. Liggett, Sec., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

RAILROAD CONTROLLED BY THE PENNSYLVANIA COMPANY, BUT
OPERATED BY ITS OWN OFFICIALS.— PITTSBURGH, CINCINNATI, CHI-
CAGO AND ST. LOUIS RY. CO.

("Pittsburgh, Pa., to Indianapolis, Ind. 376.55 miles.

Bradford Jane., O., to Chicago, 111 280.98 "

Main Lines of Road: •{ Logansport, Ind. . to Effner, Ind 60.19 "

Indianapolis, lud., to Louisville, Ky 108.40 "

{ Rendcomb June., O., to Anoka June., Ind 166,06 "

Rend's Mine Branch : Bridgeville, Pa., to Bend's Mines, Pa 7.81 m.

Bishop Branch : Cecil, Pa. , to Bishop, Pa 1.09 m.

New Cumberland Branch : N. C. June, to Kenilworth, W. Va 17.43 m.

Cadiz Branch : Cadiz June. , O. , to Cadiz, 0 7.85 m.

Madison Branch : Columbus, Ind., to Madison, Ind 44.90 m.

Cambridge City Branch: Columbus, Ind., to Cambridge City, Ind. 63.04 m.

New Albany Branch : Jeffersonville, Ind., to New Albany, Ind.. . 6.01 m. — 148.13 *'

Total length of lines owned, Dec. 31, 1897 1,090.81 "

StevbenmUe Ext. of Pa. RR.; leased from Pa. Co.: Union Sta. to Birmingham

Sta., Pittsburgh, Pa 1.28 "

Trackage (details shown below) 59.47 "

Total length of lines operated as P., C., C. & St. L. Ry., Dec. 81, 1897.. . . 1,151.01 "

rChartiera Ry 22.76m.

RRs. Leased; Chartiers Connecting RR 0.72m.

Operations I Pittsburgh, Wheeling and Kentucky RR 28.04 m.

Separately ' Little Miami RR. branches, terminal tracks, etc. 195.22 m.

Reported : Ohio Connecting Ry 8.27 m.

Englewood Connecting Ry 2.35m.— 252.38 •*

Total length of all lines owned and leased Dec. 31, 1897 1,403.37 miles.

2d track owned, 194.12 m.; 3d and 4th tracks owned, 25.94 m.; sidings owned, 527.75 miles.
Gauge, 4 ft. 9 in. Rail— steel (1,749.18 m.), 60, 70, and 85 IDS.; iron, 56 Ibs.

Trackage: Lake Erie and Western RR., between Indianapolis and Kokomo, Ind., 54.23 m. ; Union Depot
tracks at Columbus, O., 0.25 m. ; Union Depot tracks at Indianapolis, hid., 1.01 m. ; Cincinnati, Hamilton and
Dayton Ry., between Hamilton and New River June., O., 1.53 m. ; Louisville Bridge, from Jeffersonville, Ind.,
to Louisville, Ky., 2.45 m. — total, 59.47 miles.

History.— Consolidation, Oct. 1, 1890 (agreement dated June 10, 1890), of the Pittsburgh,
Cinciunati and St. Louis Ry., the Chicago, St. Louis and Pittsburgh RR., Cincinnati and
Richmond RR., and the Jeffersouville, Madison and Indianapolis RR. Cos. (See MANUAL
for 1890.) Controlled by the Pennsylvania Co. through ownership of stock.

During the year 1896, the company purchased from the State of Ohio that portion of the old Miami and
Lake Erie Canal bed, located between Pearl St. and the Ohio River, the portion between Pearl St. and Broad-
way remaining subject to the lease referred to in the MANUAL for 1896, page 776, the yearly rental therefor
being 6 p. c. on a valuation of $100,000.

Rolling Stock, Dec. 31, 1897. — Locomotives, 442. Cars — passenger, 249; baggage, mail
and express, 117; freight (box, 7,420;. flat, 881; stock, 1,651; coal, 756; caboose, 281), 10,989;
other, 37 — total cars, 11,392. Of the box cars, 500 are held under car trusts.

Operations, year ending Dec. 31, 1897. — See tabulated statement on page 672.

Earnings— Passenger $3,288,77029 Expenses— Transportation. ..*: $5,716,44035

Freight 10.607,75152 Maintenance of Equipment 1,962,34865

Mail 659,80275 Maintenance Way and B'ld'gs. 1,636,11018

Express 428,72527 General Expenses 277,55030

Miscellaneous 219,43501 Taxes 692,44576

Total ($13,157.56 per mile) $15,144,484 84 Total ($8,935.54 per mile) $10,284,895 24

Net earnings (32.08 p. c.), $4,859,589.60; add interest, $25,171.42— total, $4,884,761.02.
Payments : Interest on bonds, $2,503,252.50 ; loss in operating L. M. RR., $230,645.40 ; loss
in operating the St. L., V. & T. H. RR., $117,271.24 ; rentals (Steubenville Extension, $68,-

672

POCK'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

548.64; L. E. & W. RRM $24,066.72; L. M. RR., $22,200; C., H. & D. Ry., $4,996.20),
$119,811.56; interest and other car trust payment?, $34,052.19 ; advanced for interest on
bonds C., R. &F. W. RR. Co., $9,259.22 ; interest on mtges. and ground rents, $9,000 ; pro-
portion of loss in operations of Louisville Bridge Co., $16,132.62; extraordinary expenditures
in elevating tracks in Chicago, 111., etc., $528,367.25; sundry old accounts, $312,227.90—
total, $3,880,019.88. Surplus, $1,004,741.14; surplus forward, $848,092.38; total surplus,
$1,852,833.52.

Statement of operations, capital accounts, etc., for six years:

1892

1893

1894

1895

1896

1897

Miles of Railroad Operated

1,143.88
4,445,347
10,948,532
15,958,525
6,407,515
159,820,489
11,357,213
1,669,537,976

3,578,380
11,323,417
993,990
264,888

1,143.88
4,796,122
10,698.382
15,981,606
6,340,723
216,435,066
10,301,725
1,521,697,797
$
4,329,043
10.281,476
994,718
145,572

1,150.99
4,464,505
9,638,751
14,292,545
5,627,934
154.785,052
10.381,338
1,490,371,556

$

3,357,628
9,741,143
990,503
158,583

1,150.99
4,638,100
10.024,419
14,938,595
5,881,636
167,624,410
11,648,499
1,642,366,622

3,499,640
10,645,368
1,081,767
212,932

1,151.01

4,624,685
9,620,600
14,521,656
5,555,450
157,181,278
10,835,828
1,487,737,667
$
3,387,608
9.730,177
1,071,697
180,880

1,151.01
4,494,733
10,047,740
14,889,260
5,371,754
152,040,930
11,729,87?
1.688,240,718
$
3,228,770
10,607,752
'1,088,528
219,435

Revenue Passenger Train Miles. . .
Revenue Freight Train Miles
Total Train Miles

Passengers Carried .

Freight (tons) Moved

Freight (ton) Miles

Passenger Earnings

Mail and Express Earnings
Miscellaneous Earnings

Gross Transportation Earnings . . .
Operatin" Expenses

16,160,675
12,260,984

15,750,809
12,034,631

14,247,856
10,765,520

15,439,707
11,248,546

14,370,862
10,588,979

15,144,485
10,284,895

Net Earnings

3,899,691
20,493
12,914

3,716,178

3,482,336

4,191,161

3,781,388

4,859,590

Profit in Operating St.L.,V.& T.H.
Interest ....

14,046

16,023

43,666

68,667

25,171

Available Income

3,933,098
2,323,594
(4) 896,847
230,636

3,730,224
2,387,215
(4) 908,194
204,871
49,902

3,498,359
2,407,583
(2) 459,497
221,927
59,457
2,813
119,712
38,761
12,615
487,181

4,234,827
2,522,130
(2) 452.716
259,044
222,084
5,495
119,837
36,460
1,880
329,525

3,850,050
2,507,977

4,884,761
2,503,253

Interest oc Bonds .... ....

Dividends on Stock

Loss Operating L M RR ....

305,896
197,738

230,645
117,271

Loss Operating St. L.. V. & T. H.
Loss Operating E. C. Ry

Rentals ....

107,958
102,214
5,681
14,777

119,795
94,897
8,205
108,653

119,812
34,159
19,186
531,384

119,812
34,052
9,259

865,728

Car Trusts.

Advances C., R. & F. W. RR
Settlement of Sundry Acc'ts, etc. .

Total Payments

3,681,707
Sur. 251,391

14,127.95
10,718.77
3,409.18
75.87 p. c.
2.17 c.
0.68 c.

1,083.18
1,688.72
1,488.30
4?4
257
110
10,975

25,460,690
22,522,201
43,889.000
3,040,055
1,139,302
891,231

3,881,7:52
Def. 151,508

13,769.63
10,520.89
3,248.74
76.41 p. c.
1.95c. ^
0.68c.

1,083.18
1,785.56
1,602.23
442

251
115
11,025

$
25,412,840
22,576,051
43,571,000
4,607,807
1,039,302
739,724

3,809,545
Def. 310,186

12,378.78
9,353.27
3,025.51
75.56 p. c.
2.10c.
0.65 c.

1,090.29
1,803.68
1,639.88
442
251
115
11,026
9
25,115,925
22,652,566
47,355,000
2,741,738
1,042,025
428.538

3,949,171
Sur. 285,656

13,414.28
9,772.93
3,641.35
72.85 p. c.
2.02 c.
0.65 c.

1,090.29
1,816.15
1,675.12
442
251
115
11,026
$
25,017,119
22,681,482
47,621,000
3,820.359
1,042,025
714,194

3,716,152
Sur. 133,898

12,485.00
9,199.73
3,285.27
73. 69 p. c.
2.08c.
0.65C.

1,090.31
1,825.46
1,711.77
442
251
115
11,026
$
25,022,731
22,676,371
47,402,000
2,808,139
1,042,025
848,092

3,880,020
Sur. 1,004,741

13,157.56
8,935.54
4,222.02
67.91 p. c.
2.05C.
0.63 C.

1,090.31
1,838.18
1,749.18
442
249
117
11,026
$
25,087,372
22,686,729
47,234,000
2,560,995
1,567,025
1,852,834

Surplus or Deficit. . .

Gross Earnings per Mile

Gross Expenses per Mile

Net Earnings per Mile

Expenses to Earnings
Average Rate per Pass, per Mile..
Average Rate per Ton per Mile. . .

Miles of Railroad Owned

Miles of Track Owned

Miles of Steel Rail

Locomotives

Passenger Cars

Baggage, Mail, etc., Cars
Freight and Other Cars

Common Stock

Preferred Stock

Funded Debt

Current Accounts

Other Liabilities

Profit and Loss

Total Liabilities

96,842,479

92,005,842
319,598
1,070,500

97,946,724

93,463,130
319,648
819,339
409,431
18,942
28,519

99,335,791

93,560.301
1,564,649
585,269
401,043
32,977
19,759

100,896,179

93.652,558
1,580,648
717,564
382,426
75,834
19,659

99,799,358

94,064,875
1,580,648
547,881
439,436
5,624
19,019

100,988,955

94,132,375
1,577,648
546,458
384,601
71,484
18,954

Cost of Road, Equipment, etc. . . .
Stocks and Bonds Owned .

Materials and Fuel on Hand
Betterments to Leased Roads

Sinking Fund J.M.& I.RR. Bonds
Bills Receivable

Other Property and Assets

500,780
2,418,052
527,707

Current Accounts..

2,449,624
438,091

2,248,249
931,545

3,502,846
964,644

2,268,425
873,450

2,755,690
1,501,745

Cash on Hand

Total Assets

96,842,479

97,946,724

99,335,791

100,896,179

99,799,358

100,988,955

POOR'S MANUAL — PENNSYLVANIA CO. SYSTEM.

673

General Balance Sheet, Dec. 31, 1897.

<Vst of Road, Equipment, etc $94,132,374 44

Stocks and Bonds Owned 1,577,64830

Materials and Fuel on Hand 546,458 32

Due from L. M. RB. Co. Betterment Acct. 384,600 60

Sinking Fund, J. M. & I. RR. Bonds.... 71,483 50

Bills Receivable 18,954 31

Current Accounts 2,755,690 28

Cash on Hand 1,501,745 25

Total Assets : $100,988,955 00

Common Stock Paid in (par, $100) $25,087,372 22

Preferred Stock Paid in (par, $100) 22,686,728 09

Funded Debt Outstanding 47,234,000 00

Mortgages and Ground Rents Payable... 525,000 00

Deferred Liabilities... 1,042,024 73

Dividends Unclaimed 46 00

Matured and Accrued Interest 846,299 04

Other Current Liabilities • 1,714,650 50

Profit and Loss 1,852,833 52

Total Liabilities $100,988,955 00

The preferred stock is entitled to dividends of 4"p. c. (non-cumulative) before any divi-
dend can be declared on common stock. After dividend of 3 p. c. on common, 1 p. c. addi-
tional is to be paid on preferred, and then 2 p. c. on common stock, after which dividends
are to be paid in equal percentages on both classes. Common stock authorized, $45,000,000;
preferred stock authorized, $30,000,000.

During the past year the preferred stock increased $19,858.31 and the common stock
$87,016.69, a total increase of $106,875 to the share capital of the company. Of this amount,
$75,000 was issued under the agreement for reorganization of the Columbus, Chicago and
Indiana Central Ry. Co. in exchange for 1,500 shares of common stock of the Columbus and
Indianapolis Central Ry. Co., and $31,875 was exchanged for stocks of constituent companies,
under the agreement of consolidation. There are still outstanding stocks of constituent com-
panies as follows: P., C. & St. L. Ry. Co., $33,900 ; Steubenville and Indiana RR. Co. (pre-
ferred, $2,950 ; common, $85,944.66), $88,894.66; C., St. L. & P. RR. Co. (common, $525,817;
preferred, $11,752.62), $537,569.62; J., M. & I. RR. Co., $5,400— total, $665,764.28.

Statement of funded debt (total", $47,234,000) outstanding, Dec. 31, 1897:

INTEREST.

Amount

DESCRIPTION.

Date of

Issue.

Date of

Maturity.

Denominations.

Amount
Authorized.

Outstand-
ing.
Dec. 31,

2

When

1

Payable.

1897.

p.c.

$

$

P., C.,C. & St.L. Ry. Consol.

Mtge. Series" A"

Oct. 1,1890

Oct. 1,1940

4*

Apr. & Oct.

$1,000 conp

]

10,000,000

Series "B"
Series "C"

April 1, 1892
NOT. 1, 1892

April 1,1942
Nov. 1, 1942

Apr. & Oct.
May &NOT.

$1,000 coup
$1,000 coup

1 75,000,000

10,000,000
2,000,000

Series "D"

Nov. 1, 1895

NOT. 1, 1945

4

May & Nov.

$1,000 conp

J

5,863,000

P.C.&St.L.Ry. IstCons.Mtg
Steub. & Ind. RR. 1st Mtge.
C., St. L. & P. RR. Con. Mtg.

Aug. 1, 1868
Jan. 1, 1884
Mar.31, 1883

Aug. 1, 1900
Jan. 1, 1914
Oct. 1, 1932

7
5
5

Feb. & Aug.
Jan. & July
Apr. & Oct.

$1,000 cou. & reg.
81,000 registered..
$1,000 con. & reg.

10,000,000
3,000,000
22,000,000

6,863,000
3,000,000
1,506,000

U. & L. RR. 1st Mtge. .....

Dec. 1.1865

Dec. 1, 1905

7

Apr. & Oct

$1,000 conp

2,000,000

715,000

C. & I. C. Ry. 1st Mtge
C. & I. C. Ry. 2d Mtee

NOT. 1, 1864
NOT. 1,1864

NOT. 1, 1904
NOT. 1, 1904

7

7

Jan. & July
May & Nov.

$1,000 conp
$1,000 coup

3,200,000
1,000,000

2,631,000
780,000

J., M. & I. RR. 1st Mtge. . . .

Oct. 1, 1866

Oct. 1, 1906

7

Apr. & Oct.

$1,000 coup

3,000,000

1,881,000

J., M. &I. RR. 2dMtge....

July 1, 1870

July 1, 1910

7

Jan. & July

$1,000 coup

2,000,000

1,995,000

The consol. mtge. bonds (Series " A," " B," " C," and " D ") are secured on " the company's entire
railway and estates, personal and mixed, acquired and to be acquired, also all franchises, including the fran-
chise to be a corporation." Authorized issue, $75,000,000, which may be issued in different series on different
dates, designated by the different letters of the alphabet, from time to time as the directors may determine,
and the different series may bear different rates of interest. The authorized amount of series " A " and " B "
is $10,000,000 each; series " C " is $2,000,000, and series " D " is $8,000,000. Nos. 1 to 10,000 inclusive (series
" A "), of which $10,000,000 are outstanding, are dated Oct. 1, 1890, and run 50 years, to Oct., 1940. Nos.
10,001 to 20,000 inclusive (series " "B "), of which $10,000,0000 are outstanding, are dated April 1, 1892, and
run 50 years, to 1942. Nos. 20,001 to 22,000 inclusive (series " C "), of which $2,000,000 are outstanding, are
dated Nov. 1, 1892, and run 50 years, to Nov. 1, 1942. Nos. 22,001 to 28,000 inclusive (series " D "), of which
$5,863,000 are outstanding, are dated Nov. 1, 1895, and run 50 years, to Nov. 1, 1945. The bonds are for $1,000
each; principal and interest payable in gold at the trustee's office, New York, N. Y. A sinking fund of 1
p. c. per annum on the bonds outstanding is provided for the retirement of these bonds, effective on and after
Oct. 1, 1895; if, however, bonds are not obtainable at par or less, the 1 p. c. lapses into the treasury. During
the year 1896 $137,000 of "D" bonds were retired through the operation of the sinking fund. Bonds are in
coupon form, but principal may be registered at the trustees' office. Trustees: Fanners' Loan and Trust Co.,
New York, and William N. Jackson, Indianapolis, Ind. A sufficient number of these bonds is reserved for the
retirement of prior lien bonds. The Pennsylvania Co. unconditionally guarantees principal and interest of
these bonds, and the guarantee is endorsed on each bond.

The P., C. & 8t. L. Ry. 1st consol. mtge. bonds are secured on the main line from Birmingham, Pa.,
to Newark, 0., and on Bridgeville and McDonald, and New Cumberland Branches as far as constructed on
Sept. 30, 1890, and undivided one-half of line from Newark to Columbus, O., in all about 215 miles. They are
for $1,000 each, coupon and registered, interest payable at the office of the Penn. RR. Co., Philadelphia, Pa.

43

674

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

The Stcubcnvillc and Indiana RR. bonds are_secured on the line from Steubenville to Newark, O., 116
iles. Interest payable at the National City Bank, New York, N. Y.

*22 0*00 000 Bonds are for $1,000 each, in coup, form, but may be exchanged for registered bonds of like
den'omi'nation. Trustee: Union Trust Co., New York, N. Y. (surviving). Principal and interest payable in
gold, at the Union Trust Co., New York, N. Y.

The Union and Logansport RR. bonds are secured on the road from Union City to Logansport, 93
miles. They are for $1,000 each, in coup, form, but may be exchanged for registered bonds. Interest payable
at the Union Trust Co., New York, N. Y.

The Columbus and Indianapolis Central Ry. bonds are secured in the order of their priority on the
main line from Columbus to Indianapolis, 187 miles, and also on the 21 m. of road between Bradford June.
and Union City, Ind. The bonds are in coup, form, but are exchangeable for registered bonds. Interest
payable at the Union Trust Co., New York, N. Y.

The Jcffcrsonvillc, Madison and Ind. RR. bonds are secured on 222.35 m. of road, as follows: Louis-
ville, Ky., to Indianapolis, Ind., 108.40 m. ; Columbus to Madison, Ind., 44.90 m. ; Columbus to Cambridge
City, Ind., 63.04 m. ; New Albany to Jeffersonville, Tnd., and branch, 6.01 m. — total, 222.35 miles. A sinking

Co., New York, N. Y.

Statement showing for the y«ar ending Dec. 31, 1897, the operations and earnings of all
lines owned and leased by the P., C., C. & St. L. Ry. Co., together with«those of the Waynes-
burg and Washington RR. and the Pittsburgh, Chartiers and Youghiogheny Ry., which are
operated by other organizations, but in connection with the P., C.. C. & St. L. Ry. :

P., C., C. &
St. L. Ry.

Chartiers

Ry.

P.,W. &
K. RR.

Little
Miami RR.

Wavneto.
& Wash.
RR.

P., C. &
Y.Ry.

All Liner. *

Miles of KR

1,151.01
5,371,754
152,040,930
11,729,877
1,688,240,718

3,228,770 29
10,607,751 52
1,307,96303

23.48
493,014
5,699,316
1,689,070
9,261,120

$

132,21272
154,947 03
11,263 72

28.04
160.619
2,814,542
783,505
15,648,265
S
73,304 18
151,343 82
18,922 67

192.00
.1,042,745
30,188,630
1,522,718
126,437,953
*
553,39923
1,036,043 75
284,918 97

28.15
49,047
938,989
15,390
356,320
$
32,161 67
25,99563
4,15468

17.14
71,013
404,309
969,469
8,184,586
$
8,374 77
148,52329
2,875 97

1,445.44
7,188,192
192,086,716
16,710,029
1,848,128,962
$
4,028,222 86
12,124,60504
1,753,205 30

Passengers One Mile

Freight (tons) Moved

Freight (ton) Miles

Earnings —Passenger

Freight

Other

Total Earnings'

15,144,484 84
10,284,895 24

298,423 47
157,196 82

243,570 67
157,095 96

1,874,361 95
1.461,20436

62,311 98
45,791 27

159,774 03
89,90143

17,906,033 20
12,249,727 08

Operating Expenses

Net Earnings

4,859,589 60

13,157 56
8,93554
4,222 02
67.91 p. c.
2.05 c.
0.63 c.

141,226 65

12,709 69
6,694 92
6,014 77
52.68 p. c.
2.11 c.
1.67 C.

86,474 71

8,68654
5,602 57
3,08397
64.50 p. c.
2.60 c.
0.97 c.

413,157 59

9,762 30
7,610 44
2,151 86
77.96 p. C.
1.79 c.
0.82 c.

16,520 71

2,218 57
1,62669
58688
73. 49 p. c.
2.98 c.
7.30 c.

69,87260

9,321 71
5,245 12
4,076 59
56.27 p. c.
2.07 c.
1.81 c.

5,656,306 12

12,387 94
8.474 74
3,913 20
68.41 p. c.
2.02 c.
0.66 C.

Gross Earn, per Mile

Gross Exp. per Mile

Net Earn, per Mile

Expenses to Earnings
Earn, per Pass, per M

Earn, per Ton per M

* Includes returns of Ohio Connecting and Englewood Connecting Rys.

Statement showing the earnings and expenses of all lines operated by, and in connection
with, the P., C., C. & St. L. Ry. for six years :

YBABS.

Miles
Road.

Passenger
Earnings.

Freight
Earnings.

Gaoss EARNINGS.

OPERATING EXPENSES.

NET EARNINGS.

Total.

Per Mile.

Total.

Per Mile.

Per Ct.

Total.

Per Mile.

1892...

1,437.28
1,436.91
1,444.02
1.447.24
1,447.26
1,445.44

4,477,657
5,182,879
4,140,230
4.309.8*3
4,190.246
4,028,223

13,011,306
11,928,791
11,244,865
12.351,562
11.239.403
12,124,605

$

19,039,171

18,562,076
16,837,722
18,256,884
16,993,193
17,906,033

13,246 67
12,918 05
11,660 31
12,614 97
11,741 63
12,387 94

S

14,346,273
14,057,510
12,587.110
13.313,752
12,498,957
12,249,727

9,981 54
9,783 15
8,716 71
9,199 46
8,63629
8,474 74

75.35
75.73
74.76
72.92
73.55
68.41

4,692,898
4,504.566
4,25^.238
4,943.132
4,494,236
5,656,306

8,265 13
3,134 90
2,943 60
8.415 5°
3,105 34
3,913 20

1893

1894 ....
1895
1896
1897

Directors (as constituted April 12, 1898).— Term expires April, 1899 : Frank Thomson,
John P. Green, Charles E. Pugh, N. P. Shortridge, Philadelphia, Pa. Term expires April,
1900: fieorge Willard, Chicago, 111.; B. S. Cunningham, Cincinnati, O.; Joseph Wood,
Pittsburgh, Pn. Term expires April, 1901: J. T. Brooks, Pittsburgh, Pa.; Samuel Rea,

POOKS MANUAL — PENNSYLVANIA CO. SYSTEM.

675

Amos R. Little, Philadelphia, Pa. Term expires April, 1902 : James McCrea, Pittsburgh,
Pa.; William H. Barnes, Philadelphia, Pa.; Samuel S. Dennis, Newark, N. J.

FRANK THOMSON, President Philadelphia, Pa.

James McCrea, 1st Vice-President Pittsburgh, Pa.

J. T. Brooks, 2d Vice- President " "

3d Vice-President— Joseph Wood Pittsburgh, Pa. I Secretary— S. B. Liggett Pittsburgh, Pa.

Treasurer— T. H. B. McKnight | Comptroller— Jno. W. Renner

PRINCIPAL OFFICE AND ADDRESS Penn Ave. and 10th St., Pittsburgh, Pa.

RAILROADS LEASED TO, AND OPERATED BY, THE PITTSBURGH, CINCINNATI, CHICAGO AND
ST. Louis RT. Co., BUT OPERATIONS REPORTED SEPARATELY.

Ohio Connecting Ry.— P., C., C. & St. Louis
Ry., 2 m. west of Birmingham, Pa., to P., F. W. &
C. Ky., at Verner Station, Pa., 2.75 m.; Junction O.
C. Ry. to P., C., C. & St. L. Ry., 2.5 m. west of
Birmingham, Pa.. 0.52 m.— total, 3.27 miles. ' 2d
track, 1.32 miles. Gauge, 4 ft. 9 in. Rail (steel), 70
Ibs. Chartered Nov. 20, 1886. Road (bridge over the
Ohio River' and approaches thereto) opened Oct. 20,
1890. Leased from date of opening to the P., C., C.
& St. L. Ry. Co.; rental, net earnings. Equipment
supplied by the lessee. Operations, year ending
Dec. 31, 1897.— Gross earnings (tolls), $102,212. Ex-
penses and taxes, $43,509. Net earnings, $5"8,703.
Paid interest on debt, $33,000; dividends, No. 7
(5 p. c.), $33,000— total, $66,000. Deficit, $7,297; sur-
plus forward, $43,380; net surplus, $36,083. "Finan-
cial Statement, Dec. 31, 1897.— Capital stock (par,
$50; auth., $1,000,000), $660,000; 5 p. c. reg. obliga-
tion, convertible into 1st mtge. bonds, interest Jan.
and July, $660,000; bridge renewal fund, $64,233; due
P., C., C. & St. L. Ry., operating account, $3,659;
profit and loss, $36,083— total, $1,423,975. Contra:
Cost of road, real estate, etc., $1,320,000; current
accounts and cash, $103,975— total, $1,423,975. In-
terest payable at the company's office. Voting power
attaches to stock after 10 days' ownership. Directors
(elected Feb. 1, 1898).— Joseph Wood, J. J. Brooks,
L. L. Gilbert, Jno. W. Renner, J. T. Brooks, A.
McElevey, Pittsburgh, Pa. Officers: James McCrea,
Pres.; Joseph Wood, Vice-Pres.; T. H. B. McKnight,
Treas.; S. B. Liggett, Sec., Pittsburgh, Pa. Princi-
pal Office, Pittsburgh, Pa.

Chartiers Ry.— Carnegie, Pa., to Washington,
Pa., 22.76 m.; trackage, Chartiers Connecting RR.,
at Washington, Pa., connecting Chartiers Ry. and
W. & W. RR., 0.72 m.— total length of road operated,
23.48 miles. Sidings, etc. (owned, 8.08 m.; leased,
1.36 m.), 9.44 miles. Gauge, 4 ft. 9 in. Rail (steel,
30.84 m.), 60 and 70 Ibs. Chartered as Chartiers
Valley RR., Feb. 7, 1853. Road opened in 1856. Re-
organized after foreclosure in Jan., 1867. Whole line
opened Jan. 1, 1872, and leased from that date, for
99 years, to P., C. & St. L. Ry. Co. (now P., C., C.
& St. L. Ry. Co.). Rental, net earnings. Rolling
stock supplied by lessee. Operations, year ending
Dec. 31, 1897.— Train mileage— passenger, 124,241;
freight, 119,968; other 9,959— total, 254,168 miles.
Passengers carried, 493,014; carried one mile, 5,-
699,316. Tons freight moved, 1,689,070; moved one
mile, 9,261,120. Earnings— passenger, $132,213;
freight, $154,947; mail, $2,746; express, $4,575; other,
$3.943 — total, $298,424. Expenses — transportation,
$99,552; maintenance of equipment, $23,043; mainte-
nance of way and structures, $31,326; general and
taxes, $3,276— total, $157,197. Net earnings, $141,-
227; add interest, dividends, etc., $8,558— total, $149,-
785. Payments: Interest on bonds, $35.000; divi-
dends, Nos. 21 and 22 (10 p. c.), $64,530; accrued
interest on bonds, $8,750; interest on equipment, $21,-
098: State tax on stock and bonds, $5,352; general,
$57— total, $134,787. Balance, surplus, $14,998; sur-
plus forward, $138,640; total, $153,638. Financial
Statement, Dec. 31, 1897.— Capital stock (auth.. $800,-
000; shares, $50), $645,300; funded debt (1st mtge. 7
p. c. 30-yr. $1,000 coup, bonds, due Oct. 1, 1901, in-
terest April and Oct., at office of Penn. RR. Co.),
$500,000; accrued interest on bonds, $8,750; unpaid
interest and dividends. $9,412; other liabilities, $7,-
000; profit and loss, $153,638— total, $1,324,100. Con-
tra: Cost of road, etc., $1,134,543: stocks and
bonds owned, $108,151; cash on hand, $81,406— total,
$1,324,100. Voting power attaches to stock after 60
days' ownership. Trustee of bonds: John C. Sims,

Directors (elected May 3, 1898).— W. H. Barnes,
Geo. Wood, Samuel Rea, N. P. Shortridge, John C.
Sims, Philadelphia, Pa.; J. T. Brooks, Pittsburgh,
Pa. Officers: Jno. P. Green, Pres.; Albert Hewson,
Sec.; Taber Ashton, Treas., Philadelphia, Pa.
Principal Office, Broad Street Station, Philadelphia,
Pa.

CHARTIERS CONNECTING RR.— In Washing-
ton, Pa., 0.72 m. ; total track, 2.08 miles. Gauge, 4
It. 9 in. Rail (steel, 1.97 m.), 60 Ibs. Chartered Nov.
21, 1881: road opened in 1885. Operated by the P.,
C.,C. & St. L. Ry. Co., as a part of the Chartiers Ry..
under lease of that road to the former. Operations
included in those of the Chartiers Ry. Capital stock,
$21,600; due for construction, $5— total, representing
cost, $21,605. Joseph Wood, Pres.; T. H. B. Mc-
Knight, Treas.; S. B. Liggett, Sec., Pittsburgh, Pa.
General Office, Pittsburgh, Pa.

Pittsburgh, Wheeling? and Kentucky
RR.— Wheeling June., W. Va., to Benwood, W. Va.,
28.04 miles. Sidings, etc., 11.08 miles. Gauge, 4 ft.
9 in. Rail— steel (37.32 m.), 60 and 70 Ibs.; iron, 60
Ibs. Chartered July 15, 1868. Road opened to
Wheeling, Feb. 25, 1878; to Benwood in 1883. Leased
for net earnings, since date of opening, to P., C. &
St. L. Ry. Co. (now P., C., C. & St. L. Ry. Co.). All
equipment supplied by lessee. Operations, year end-
ing Dec. 31, 1897.— Train mileage— passenger, 97,448;
freight, 138,757; other, 15,138— total, 251,343 miles.
Passengers carried, 160,619; carried one mile, 2,-
814,542. Tons freight moved, 783,505; moved one
mile, 15,648,265. Earnings— passenger, $73,304;
freight, $151,344; mail. $3,314; express, $6,119; other,
$9,490— total, $243,571. Expenses— transportation,
$82,943; maintenance of equipment, $21,065; mainte-
nance of way and structures, $43,331; general and
taxes, $9,757— total, $157,096. Net earnings. $86,475.
Payments: Interest on bonds, $20,530; dividends
(No. 24, paid March 31, and Nos. 25 and 26, paid
Sept. 30, each 3 p. c. or 9 p. c. in all), $45,108; ad-
ditions and improvements, $2,102; interest on equip-
ment, $19,336; miscellaneous, $528— total, $87,604.
Deficit, $1,129; surplus forward, $214,331; net sur-
plus, $213,202. Financial Statement, Dec. 31, 1897.—
Common stock (auth., $8,000,000; par, $50), $501,-
226.19; funded debt (1st mtge. 7 p. c. 30-yr. reg.
$1,000 bonds, due NOT. 1, 1907, interest May and Nov.
[auth., $200,000], $137,000; consol. mtge. 6 p. c.
50-yr. reg. $500 and $1,000 bonds, due Jan. 1, 1934,
interest Jan. and July [auth., $500,0001. $172.500),
$309,500; matured interest on bonds, $5,295; accrued
interest not matured, $1,598.33; due lessee, $5,718.-
31; other liabilities, $43.74; profit and loss, $213,-
202.38— total, $1,036,583.95. Contra: Cost of road,
etc., $878,182.54; sinking funds, $580.38; current ac-
counts, $5.57; cash, $157,815.46— total, $1,036,583.95.
The amount of bonds authorized to be issued under
the consol. mtge. is $500,000. Those outstanding
were issued chiefly in payment of sundry liabilities
referred to in the Manual for 1884. A sufficient
amount is reserved to take up the 1st mtge. bonds,
and the remainder will be applied to meeting the
requirements of the company. Trustees: 1st mtge.,
W. P. Hubbard and S. B. Liggett; Consols., S. B.
Liggett and Henry K. List. Interest payable at the
office of the Pennsylvania RR. Co., Philadelphia, Pa.
Directors (elected March 24, 1898).— W. P. Hubbard,
Joseph Speidel, D. C. List, Sr., H. K. List, Wheel-
ing, W. Va.; James McCrea, J. T. Brooks, Pitts-
burgh, Pa. Officers: W. P. Hubbard, Pres., Wheel-
ing, W. Va.; James McCrea, Vice-Pres.; S. B. Lig-
gett, Sec.; T. H. B. McKnight, Treas., Pittsburgh,
Pa.; J. V. Braden, Asst. Sec., Wheeling, W. Va.
Principal Office, Wheeling, W. Va.

676

POOR'S MANUAL OF RAILROADS — RAILBOAD "SYSTEMS."

Connecting Ry.— In 59th
Street, Chicago. 111., 2.35 miles. Sidings, 0.98 mile.
Gauge, 4 ft. 9 in. Kail (steel, 2.56 m.), 60 Ibs.
Chartered March 30, 1885; road opened Sept. 11,
1885. Operated by the Pittsburgh, Cincinnati,
Chicago and St. Louis Ry. Co.; rental, net earnings.
Operations, year ending Dec. 31, 1897.— Gross earn-
ings (tolls on loaded freight cars and on locomotives,
$20 894 Expenses and taxes, $10,133. Net earn-
ings, $1O,761. Deficit from last year, $6,839. Net
surplus, $3,923. Financial Statement, Dec. 31, 1897.
—Capital stock (auth., $1,500,000; par, $100), $99,-
200; due lessee. $3.996; profit and loss, $3.923— total,
$107,119. Contra: Cost of road, $103,197; P. C. & St.
L Ky. Co. operating account, $3.922— total. $107.119.
Directors (elected April 14, 1898).— Joseph Wood,
James McCrea, Pittsburgh, Pa.; Fred. W. Belz,
William Borner, George Willard, . Chicago, 111.
Officers: Joseph Wood, Pres.; James McCrea, Vice-
Pres.; T. H. B. McKnigbt, Treas.; S. B. Liggett,
Sec Pittsburgh, Pa. Principal Office and Address,
Chicago, 111.

an esern . : ayon. ., o nan ,

37.99 m.— total, 92.99 miles. Total owned and leased,
192 milf^s. Operated, but earnings, etc., kept separate:

mf^s. perae, u earnns, c.,
Cincinnati Street Connection Ry. (see p. 677). 2.49 m.;

umciunaii isireei lunuecuuii n.v. ^set p. OIIP. t..iv iu.,
Newport and Cincinnati Bridge (see p. 677), 0.73 m.—
total length of lines operated. Dec. 81. 1897, 195.22
miles. 2d track, 27.55 m.; sidings. 70.09 m.— total
track owned and operated, 292.86 miles. Gauge. 4 ft.
9 in. Rail— steel (263.54 m.). 60 and 70 Ibs.; iron, 56
Ibs. Chartered March 11, 1836, main line opened

throughout in Aug., 1846. (See Manual for 1884.)
The Day ton Branch (Xenia to Dayton), originally
Dayton, Xenia and Belpre RR., was purchased at
foreclosure sale in Jan., 1865. The Dayton and
Western RR. (Dayton to Indiana State Line) was
leased Jan. 1, 1865, and the Columbus and Xenia,
Nov. 30, 1868. The entire system was leased
for 99 years, Dec. 1, 1860. to the P., C. & St. L. Ry.
Co., now P., C., C. & St. L. Ry. Co., the lessee to
pay as rental interest on bonds, rentals of leased
lines, 8 p. c. dividends on stock, and $5,000 for main-
tenance of organization. The Little Miami RR. Co.,
as lessor, receives the entire rental, and is responsible
to the other companies for their portion thereof. —
Locomotives, 52. Cars— passenger, 57; baggage, mail,
and express, 21; freight (box, 440; flat, 124; stock.
138; caboose, 20), 722; other, 5— total cars, 805. Of
the above, 22 passenger and 9 caboose cars are leased.
Operations, year ending Dec. 31, 1897 (192 m.).— See
tabulated statement below. Earnings (passenger,
$553,399; freight, $1,036,044; mail, $140,165; express,
$61,684; miscellaneous, $83,070— total ($9,762.30 p.
m.), $1,874,362. Operating expenses and taxes ($7,-
610.44 p. m.), $1,461,204. Net earnings (22.04 p.
c.), $413,158.

Lessor's Income Account, year 1897. — Receipts: In-
terest and dividends, $558,347; rentals leased roads
(Columbus and Xenia RR.. $142.896; Dayton and
Western RR., $30,020), $172,916; organization ex-
penses, $5,000; commission on coupons, $263— total,
$736.526. Payments: Interest on bonds, $124.880;
dividends Nos. 167-160 (paid quarterly, 2 p. c. each,
March 10, June 10, Sept. 10, and Dec. 10), $395,448;
rentals leased lines (C. & X. RR., $142,896; D. & W.
RR., $30,020), $172,916; sundry other payments, $19,-
615— total, $712,959. Surplus for year, $23,567; sur-
plus forward, $579,905— total. $603.472.

Statement of operations, etc. (L. M. KR. Co.), for eight years ending Dec. 31 :

1890

1891

1892

1893

1894

1895

1896

1897

Miles RR Operated

196.19
90,*,410
1,175,415
1,579,290
30,694,762
1,402,055
117,596,937
$
1,925,846
1,734,377

196.19
859,420
1,031,996
1,467,304
30,420,560
1,389,903
112,131,006
$
1,913,142
1,743,788

195.22
939,878
1,090,334
1,347,108
31,975,650
1,527,150
119.507,604
$
1,986,913
1,608,593

195.22
926,047
1,073,198
1,242,445
29,880,560
1,521,430
Iia305.041

$
1,957,848
1,520,474

195.22

885,917
1,013,181
1,183,322
28,908,442
1,381,271
108^17,106
$
1,831,305
1,413,886

195.22
911,685
1,073,622
1,184,702
80,651,582
1,517,606
121.117,830
$
1,907,203
1,523,647

195.22
881,500
1,018,050
1,104,159
28,716,020
1,307,803
104,748.795

S

1,750,960
1,415,778

195.22
877,921
1,016,322
1,042,745
30,188,630
1,522,718
156,437.953
8

1,874,362
1,461,204

Passenger Train Miles
Freight Train Miles

Passengers Carried
Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Gross Earnings

Operating Expenses ,

Net Earnings

191,469
139,398

169,354
151,468

378,410
85,081

437,374
51,881

417,419
.54,781

383,556
63,926

335,182
65,349

413,158
62,823

Other Receipts

Available Revenue
Rental Payments :
Interest

330,867

120,335
529,872
33,612

320,822

114,210
538,344
10,073

463,491

111,020
538,344
13,263

489,255

111,020
538,344
13,263

472,200

111,020
538,344
13.263

447,482

111,020
538,344
25,662

400,531

111,020
538,344
25,563

475,981

111,020
538,344
25,763

Dividends

Other

Total Rental

683,819
31,500

662,627
31,500

662,627
31,500

662,627
31,500

662,627
31,600

675,026
31,500

674,927
31,500

675,127
31,500

Int. on C. S. Con. Ry. Bds..
Total Payments

715,319
384,452
9,816 22
8,84028
97594
90.06 p. c.
2.07c.

o.noc.

694,127
373,305
9,751 47
8,88826
86321
91. 15 p. c.
2.03C.
0.94c.

694,127
230.636
10,348 51
8,37762
1,970 89
80.95 p. c.
1.99c.
0.91c.

694,127
204,872
10,197 12
7,919 13
2,27799
77.66 p. c.
2.00c.
0.91c.

694,127
221,927
9,53805
7,363,99
2,174 06
77.21 p. c.
1.93C.
0.91 c.

706,526
259.044
9,93335
7,935 66
1,997 69
79.89 p. C.
1.90c.
0.88c.

706,427
305,896
9,11958
7,373 85
1,74573
80.86 p. c.
1.90C.
0.89 c.

706,627
230,646
9,762 80
7,610 44:
2,151 86
77.96 p. c.
1.79 c.
0.82 c..

Net Loss to Lessee

Gross Earnings per Mile. . . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile

NOTE. — " Other Receipts " includes amount of dividends and interest ($79,444 per year) received from
securities transferred to lessee up to and including 1891.

General Balance Sheet, Dec. 31, 1897.

Dr.

Construction and Real estate $6,566,164 50

Cost of Rolling Stock 1.017.11340

Stocks and Bonds Owned , , 589,300 00

Cash on Hand 33,987 37

Assets $8,206,565 27

Cr.

Capital Stock (par, $50) $4,943,100 00

Funded Debt Outstanding 2,214,000 00

Bonded Debt, Capitalized 100.000 OO

Due, P., C., C. & St. L. RY. Co. Spec'l Acct. "26.177 91

Unpaid Coupons and Dividends 19.815 00

Profit and Loss 603,472 37

Total Liabilities $8,206,565 27

POOR'S MANUAL — PENNSYLVANIA CO. SYSTEM.

677

Statement of funded debt and guaranteed loans (L. M. RR. Co.), Dec. 31, 1897 :

DBBCBIPTION OF BONDS.

Date.

Interest.

Mature.

•
Author-

Out-

Renewal Mtge., L. M. RR., coup., $1,000
Betterment Mtge'., L. M. RR. coup., $1,000 ....
Guaranteed, D. & W. RK. Co., coup., $1,000 . . .

Nov. 2, 1882
April 1,1892
Nov. 1, 1864

Pf
7
R

May & Nov.
April & Oct.
Jan. & July

NOT. 2, 1912
April 1,1932
Jan. 1, 1905

$

1,500,000
3,000,000
463,000

$

1,500,000
714,000
463,000

Guaranteed, D. & W. RR. Co.. coup., $1,000...
1st Mtge., Cln. St. Con. Ry., coup., $1,000
2d Mtge., Ciu. St. Con. Ry., coup., $1,000

Nov. 1, 1864
July 1, 1864
Nov. 2, 1868

7
6
6

Jan. & July
Jan. & July
May & Nov.

Jan. 1, 1905
July 1, 1894
Nov. 1, 1898

295,000
250,000
275,000

32,000
250,000
275,000

The Little Miami mtge. is a lien on the road from
Cincinnati to Springfield; the Dayton and Western on
the road from Dayton to Indiana State Line; and the
Cincinnati Street Connection, on the connecting
tracks, etc., in Cincinnati. The renewal mtge. bonds
were Issued to take up bonds maturing in May, 1883.
The Dayton and Western bonds are guaranteed jointly
by the Little Miami and Columbus and Xenia RR.
Cos. The Cincinnati Street Connection Ry. bonds
were issued Jointly by the Little Miami Co. and the
old Cincinnati and Indiana RR. Co., and were
guaranteed by the two companies, but the Cincin-
nati, Indianapolis, St. Louis and Chicago Ry. Co..

successor to the Cincinnati and Indiana, repudiated
all liability on account of them. The betterment
mtge. bonds are to be Issued to the lessee from time
to time, as required for betterments and improve-
ments to the property, and are convertible into com-
mon stock when held by lessee company. Interest on
renewal bonds and on Dayton and Western bonds
payable at the Bank of America, New York, N. Y. ;
on Cincinnati Street Connection Ry. bonds, at the
company's office, Cincinnati, O. Trustees: Renewal
bonds, Julius- Dexter; betterment bonds, Cincinnati
Safe Deposit and Trust Co., Cincinnati, 0.

Railroads Leased or Owned by Little Miami RR. Co.

CINCINNATI STREET CONNECTION RY.— In
Cincinnati, connecting the Little Miami with other
railroads; total track, 2.49 miles. Cost of road is
represented by $525,000 of bonds (see bond statement
of Little Miami RR.Co.). The road- is controlled and
operated by the Pittsburgh, Cincinnati, Chicago and
St. Louis Ry. Co., lessee of the Little Miami RR.

COLUMBUS AND XENIA RR.— Columbus, O.,
to Xenia, O., 55 miles. Chartered March 12, 1844;
road opened Feb., 1850. Leased Nov. 30, 1868, for
99 years, renewable forever, to Little Miami RR.
Co., and with that road subleased to the P., C. &
St. L. Ry. Co. (now P., C.. C. & St. L. Ry. Co.).
Rental, 8 p. c. on stock ($142,896), and interest on
bonds, $21,140. Income account, year ending Dec. 31,
1897.— Rental, $145,396; other receipts, $7,812— total,
$153,208. Payments: Dividends Nos. 150 to 153 In-
clusive (8.4 p. c.), $150,041; expenses and taxes, $3,-
653— total, $153,594. Deficit, $386.14. Financial
Statement, Dec. 31, 1897.— Capital stock (shares, $5O),
$1,786,200; funded debt, 1st mtge. 7 p. c. coup, bonds
(denominations, $500 and $1,000), dated Nov. 15.
1860, due Sept. 1, 1890, interest March and Sept.
($500,000 auth.), $302.000; profit and loss, $180,431—

total, $2,268,631. Contra: Construction, $1,493,146;
equipment, $643,989; stocks and bonds owned, $130,-
747; cash, $749— total, $2,268,631. Dividends pay-
able quarterly: March 10, 2 1-5 p. c.; June 10,2 p.c.;
Sept. 10, 2 1-5 p. c.; Dec. 10, 2 p. c. Interest pay-
able in New York, N. Y. Trustees of bonds: William
Dennison and George M. Parsons. Directors (elected
Jan., 1898).— Rutherford H. Platt, Chas. Baker, P.
W. Huntington, R. A. Harrison, Robert S. Smith,
William B. Hayden, Frank C. Hubbard, B. F. Mar-
tin, Henry C. Taylor, Columbus. O.; A. C. Neave,
Henry Hanna, Cincinnati, O.; J. T. Brooks, Pitts-
burgh, Pa. Officers: P. W. Huntington, Pres.; Robert
S. Smith, Sec. & Treas., Columbus, O. General
Office, Columbus, O.

DAYTON AND WESTERN RR.— Dayton, O., to
State Line, Ind., 37.99 m.; total track, 41.90 miles.
Leased in perpetuity, Jan. 1, 1865, and virtually
owned by the Little Miami RR. Co. The cost of the
road was about $1,087,799.11. The 1st mtge. bonds
were paid off in March, 1881, leaving outstanding the
$495,000 guaranteed bonds shown in the L, M. RR.
Co.'s bond statement.

Board of Directors, Little Miami RR. Co., elected Jan. 25, 1898.

Till Jan., 1899.

Henry Hanna Cincinnati, O.

Frank J.Jones "

Charles J. Taft "

M. M. White..

Till Jan., 1900.

James H. Gamble Cincinnati, O.

William Worthington.. "

A. S. Frazer Xenia, O.

J. T. Brooks. Pittsburgh, Pa.

Till Jan., 1901.

B. S. Cunningham Cincinnati, O.

Thos. J. Emery "

L. B. Harrison " "

Chas. Kruse... " "

FBANK J. JONKS, President Cincinnati,©.

B. S. Cunningham, Vice-President "

Sec. <fe Treas. — Henry C. Urner Cincinnati, O. | Gen. Counsel — Wm. Worthington Cincinnati, O.

PRINCIPAL OFFICE AND ADDRESS ; First National Bank Building, Cincinnati, O.

CONNECTING LINK BETWEEN THE LITTLE MIAMI AND THE L. & N. RRs.

Newport and Cincinnati Bridge.— New-
port, Ky., to Cincinnati. O., 0.73 m.; sidings, etc.,
0.04 m.; total track, 0.77 mile. Gauge, 4 ft. 9 in.
Rail (steel), 85 Ibs. Chartered April 3, 1868; bridge
opened in 1872. Gross earnings, year ending Dec. 31,
1897, $134,210; oth«r receipts, $2— total, $134,212.
Operating expenses, $24,302. Net earnings, $109,910.
Payments: Interest on bonds, $63,000; reconstruction
of bridge, $50,000— total, $113,000. Deficit, $3,090;
surplus forward, $14,012; net surplus, $10,922.
Financial Statement, Dec. 31, 1897.— Capital stock
(par, $100), $1,500,000; funded debt. gen. mtge. 4J
p. c. 50-yr. coup. $1,000 bonds, due July 1, 1945, in-
terest Jan. and July (anth., $1.500,000), $1,400,000;
current accounts, $70,177; matured and accrued in-
terest, $31.568; profit and loss, $10.922— total. $3,-
012,667. Contra: Cost of bridge, $2,961,420; current
accounts, $9,786; cash, $41,461— total, $3,012,667. In-

terest on bonds payable at the office of the trustee.
Farmers' Loan and Trust Co., New York, N. Y.
The bonds were issued for the purpose of retiring
$1,000,000 of 7 p. c. bonds and to provide means for
improving the property. The 7 p. c. bonds have
been all retired and the mtge. discharged of record,
and the rebuilding of the bridge was completed in
May, 1897. There is provision in the mtge. securing
the new bonds for a yearly sinking fund equal to 1
p.c. of the amount of bonds outstanding, that amount
to be applied on July 1, 1897, and yearly thereafter,
in the manner provided in section 8 of the mtge.
Directors (elected Feb. 16, 1898).— Albert S. Berry,
Chas. J. Helm, G. R. Harms, Newport, Ky. ; C. H.
Kilgour, W. A. Goodman, Ralph Peters, Cincinnati,
O. Officers: Joseph Wood, Pres.; T. H. B. McKnight.
Treas.; S. B. Liggett, Sec., Pittsburgh, Pa. General
Office, Cincinnati, O.

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS.'

RAILROAD LEASED TO THE PENNSYLVANIA COMPANY, BUT OPERATED
BY THE PITTSBURGH, CINCINNATI, CHICAGO AND ST. LOUIS RY.

COMPANY.— INDIANAPOLIS AND VINCENNES RAILROAD COMPANY.

Main Line of Road. — Indianapolis, Ind., to Vincennes, Ind 116.92 m.

Bushrod Branch ; Bushrod to Duggersville, Ind 11.88 m.

Oosport Branch : Gosport to Stinesville, Ind 4.31 m. — 133.11 miles.

Sidings and other tracks, 19.03 miles. Gauge, 4 ft. 9 in. Rail (steel, 135.43 m.), 50 and 60 Ibs.

History. — Chartered Sept. 29, 1865 ; road opened in 1869. Owned and operated by the
Pennsylvania Co. At Indianapolis 0.12 m. of Union Ry. tracks are used, making total
mileage operated, 133.23 miles.

Rolling Stock, Dec. 31, 1897. — Locomotives, 7. Cars — passenger, 5 ; baggage, mail,
and express, 3 ; freight (box, 50 ; flat, 55 ; stock, 25 ; gondolas, 197 ; caboose, 14), 341 ; tool,
1 — total, 350. Remainder of equipment is supplied by lessee as required.

Operations, year ending Dec. 31, 1897. — Train mileage — passenger, 171,402 ; freight,
362,835; other, 8,473— total, 542,710 miles. Passengers carried, 233,383 ; carried one mile,
5,645,328; average mile rate, 2.30 cents. Tons freight moved, 686,336; moved one mile,
50,819,963 ; average ton-mile rate, 0.65 cent.

Earnings Passenger $134,226 72

Expenses — Conducting Transportation $

216,629 59
56,155 79
88,837 10
43,278 01

Freight 330.022,23

Maintenance of Equipment

Mail and Express 19^538 43

Maint. Way and Buildings

Miscellaneous 5,516 20

General and Taxes

Total ($3,672.62 per mile) $489,303 58

Total ($3,039.11 per mile) • f

404,900 49
hire of
; deficit

Balance
(Deficit)

*

137,993
202,152
94,566
103,704
109,758
116,597
110,277
124,994

Net earnings (17.25 p. c.), $84,403.09. Pe
equipment, $6,397.18— total, $209,397.18. De
forward, $2,819,590.39— total, $2,944,584.48.
Capital stock, bonded debt, gross and net

Capital Bonded 92*5*" £*l
StSck. Debt. E$P" °P«-

$ $ $ Miles.
1890 1 402 000 3 102 000 4 675 597 133 10

lyments : Interest on bonds, $203,000 ;
Scit (advanced by Pa. Co.), $124,994.09

revenue, etc., for eight years :

Gross Ex pen. Net In- Total
Earn- and Earn- tercet Pay-
ings. Taxes. ings. Paid. ments.

f f I 1 1

459,607 390,917 68,690 203,120 206,683
473,928 405,793 68,135 203,120 270,287
533,362 421,245 112,117 202,120 206,683
520,908 417,931 102,977 203,118 206,681
484,315 387,450 96,865 203,060 206,623
517,002 426,458 90,543 203.000 207,HO
485,608 387,411 98,197 208,000 208,474
489,304 404,900 84,403 203,000 209,397

1891 1,402,000 3102000 4,675597 13321

1892 1,402,000 3102000 4,675,597 13311

1893 1,402000 3102000 4675597 13323

1894 1,402,000 3101000 4675497 13323

1895 1402000 3101000 4*675497 13323

18% 1,402,000 3100000 4675487 13323

1897 1,402,000 3,100,000 4,675,497 133.23

General Balance Sheet, Dec. 31, 1897.

Cost of Road, Rolling Stock, etc $4,675,497 22

Other Property and Assets 28,575 21

Cash on Hand 3,472 50

Profit and Loss 2,944,584 48

Total Assets $7,652,129 41

Capital Stock (auth., $3,000,000; par, $50).$1,402,000 00

Funded Debt Outstanding 3,100,000 00

Due Penn. Co., Lessee 3,082,12357

Interest Due and Accrued 67,05584

Other Liabilities 950 00

Total Liabilities. $7,652,129 41

Funded debt consisted, Dec. 31, 1897, of the following :

1st mtge. 7 p. c. $1,000 coup, bonds, dated Sept. 1, 1867, due Feb. 1, 1908, interest Feb. and Aug $1,700,000

2d mtge. 6 p. c. $1,000 coup, bonds, dated June 1, 1870, due May 1, 1900, interest May and Nov 1,400,000

The bonds are guaranteed, principal and interest, by the Penn. RR. Co., and the guarantee is endorsed
on each bond. Interest payable at the Farmers' Loan and Trust Co., New York, N. Y. Trustees of bonds:
Vacancy.

Directors (elected May 12, 1898).— W. H. Barnes, Philadelphia, Pa. ; James McCrea, J.
T. Brooks, Joseph Wood, H. Darlington, Pittsburgh, Pa.; H. H. Hanna, Indianapolis,
Ind.; J. F. Miller, Columbus, O.

JAMES MCCREA, President Pittsburgh, Pa.

Joseph Wood, Vice-President " "

Treasurer- T. H. B. McKnight Pittsburgh, Pa. | Secretary—?,. B. Liggett Pittsburgh, Pa.

Officers in charge of operations See Pennsylvania Co.

PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.

Lessee's Office Penn Avenue and 10th Street, Pittsburgh, Pa.

Fiscal Agency Farmers' Loan and Trust Co., New York, N. T.

POOR S MANUAL — PENNSYLVANIA CO. SYSTEM.

679

RAILROADS CONTROLLED BY THE PENNSYLVANIA COMPANY OR PENN-
SYLVANIA RR. COMPANY, BUT OPERATED BY THEIR OWN ORGANI-
ZATIONS.

CINCINNATI, LEBANON ANI> NORTHERN RY.-Cincinnati to Dodds, O., 36.46 m.;
branch, Blue Ash to Montgomery, O., 1.35 m.— total, 37.81 miles. 2d track, 1.64 m.; total track (steel; 45, 56, COand
70 Ibs.), 46.71 miles. Organized Aug. 1, 1885, as successor to the Cincinnati Northern Ry. Co., whose road was
gold under foreclosure June 27, 1885. (See MANUAL for 1888.) The section from Lebanon to Dodds, 6.05m., is
leased lo, and operated by, the Dayton, Lebanon and Cincinnati RR. In Jan. ,1896, a controlling interest in
this company was acquired by the Pennsylvania Co. Locomotives, 6. Cars— passenger, 12 ; baggage, etc., 3 ;
freight (DOX, 15 ; flat, 11 ; coal, 10), 36 ; caboose, 1 ; other, 2— total cars, 54.

Operations, year ending Dec. 31, 1897.— Trains run (passenger, 124,020 ; freight, 37,740 ; other, 5,486),
167,246 miles. Passengers curried, 446,593; carried one mile, 3.931,173. Tons moved, 91,451 ; ton-miles. 1,072,-
727. Earnings (passenger, $60,129 ; freight, $37.927; other, 839,398), $137,454. Operating expenses and taxes,
$93,411. Net earnings, $44,044. Payments: Interest on bonds, $13,452 ; other interest, $2,134 ; other payments,
$2,404— total, $17.989. Surplus, $26,055 ; surplus forward, $18,278— total, $44,333.

Financial Statement, Dec. 31, 1897.— Capital stock (shares, $100; auth., $1,000,000), $993,000; funded
debt (1st mtge. 5 p. c. $1,000 coup, bonds, dated Jan. 2, 1886, due July 2, 1916, interest Jan. 2 and July 2, $200,000;
special mtge. 2 p. c. 20-yr. bonds, due July 1, 1914, interest annually, July 1, $172,400; certificates of indebted-
ness, convertible into special mtge. bonds, $320), $372,720 ; bills payable, $41,800 ; current accounts, $14,665 ; in-
terest due and accrued, $6,879 ; profit and loss, $44,332— total, $1,473,396. Contra : Cost of road, etc., $1,438,800;
materials, etc., $4,702 ; current accounts, $12,493 ; cash, $17.401— total, $1,473,396. Trustee of bonds : John Flack
Winslow, Cincinnati, O. Interest payable at Central Trust and Safe Deposit Co., Cincinnati, O. Consol. mtge.
bonds to the amount of $500,000 were authorized in Oct., 1891, to be used in retiring the present 1st mtge. bonds,
and to provide means for additional terminal facilities, broadening the gauge, and building extensions. As
yet, none of these bonds have been issued.

Directors (elected Feb. 19, 1898).— Joseph Wood, J. T. Brooks, Jas. McCrea, E. B. Taylor, Pittsburgh, Pa.;
George Hafer, Fred. C. Weir, S. M. Felton, Cincinnati, O. OFFICERS: JOSKPH WOOD, Pres.; E. B.Taylor, Vice-
Pres.; T. H. B. McKnight, Treax.; S. B. Liggett, Sec., Pittsburgh, Pa.; Clay Rockwell, And.; Ralph Peters,
Supt., Cincinnati, O. GENERAL OFFICE, Cincinnati, O.

CINCINNATI AND MUSKINGUBt VALLEY RY.-Trinway to Morrow, O., 148.45 miles.
Sidings, etc., 42. 62 miles. Gauge, 4 ft. 9 in. Rail (steel, Ib0.55 m.), 50 and 60 Ibs.; iron, 50 Ibs. Chartered in
1851; road opened in 1857 ; foreclosed in 1863 ; reorganized in 1864 ; sold again in 1869 and reorganized Jan. 25,
1870 (see MANUAL for 1888). Locomotives, 20. Cars- passenger, 13 ; baggage, etc., 4 ; freight (box, 65 ; flat, 13;
stock, 39 ; coal, 249 ; caboose, 10), 376 ; other, 1- total cars, 394.

Operations, year ending Dec. 81, 1897.— Trains run (passenger, 308,266 ; freight, 879,719 ; other, 25,313),
713,298 miles. Passengers carried, 292,359 ; carried one mile, 4,748,247. Tons moved, 569.125 : ton-miles, 28.265,-
781. Earnings (passenger, $112,059 ; freight, $282,430 ; other, $51,969), $446,458. Operating expenses and taxes,
7,645. Net. earnings, $38,813. Payments : Interest on bonds, $105,000 ; hire of equipment, $5,092— total,

$407,1
$110,092.

Deficit, $71,279 ; deficit forward, $1,904,292— total, $1,975,571.

Years.

Capital
Stock.

1890 3,997,320

1891 3,997,320

1892 ... 3,997,320

1893 3,997.320

1894 3,997,320

1985 3,997,320

1896.

3.997,320
1897 3,997,320

ed debt

Bonded
Debt.

S

1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000

, gross and net revenues, etc.,

Cost RR. RR. Gross Expen.
and oper- Earn- and
Equip1!. ated. ings. Taxes.
$ if. $ $
5,522,857 148.45 437,606 375,794
5,522,857 148.45 465.260 395,281
5,522,857 148.45 476,077 416,573
5,522,857 148.45 483.345 450,637
5,522,857 148.45 438,36!) 365,763
5,522,a57 148.45 478.&52 444,001
5,522,S57 148.45 410,635 342,881
5,522,857 148.45 446,458 407,6J5
* Includes $4,850 " other receipts.'

, for eight fiscal years :

Net Inter't Add's Total
Earn- on and Pay-
ings. Bonds. Impr. ments.
$ $ $ $

61.812 105,000 25,892 136,188
69,979 105,000 1(1,154 119,755
59,504 105,000 17,460 128.-205
32,708 105,000 10,685 154,836

*77,456 105,000 3,854 m,206

34,851 105,000 110,729

68,254 105,000 108,239

38.813 105,000 .... 110,092

Bal-
ance

(Def.).

$

74,376
49,776
68,702

122.129
34,750
75,878
39,985
71,279

General Balance Sheet, Dec. 31, 1897.

Cost of Road, Equipment, etc $5,522,857 49

Materials and Fuel on Hand 17,623 88

Other Property and Assets 6,683 20

Current Accounts 41,266 47

Cash on Hand 71,890 01

Profit and Loss 1,975,571 32

Capital Stock (auth., $4,000,000; par, $50). $3,997,320 00

Funded Debt Outstanding 1.500,00000

Current Accounts 57,572 47

Matured Interest on Bonds, Unpaid 945,80500

Accrued Interest on Bonds 52,50000

Miscellaneous Accounts 1,68153

Due former Lessee for Advances 1,081.013 37

Total Assets $7,635,892 37 Total Liabilities $7,635,892 37

Funded debt: 1st mtge. 7 p. c. $1,000 coup, bonds, dated 1870, due Jan. 1, 1901, interest Jan. and July,
at the office of Winslow, Lanier & Co., New York, N. Y. Trustee: Jno. P. Green, Philadelphia, Pa. Interest
due July 1, 1887, was paid April 1, 1895, due Jan. 1, 1888, was paid April 1, 1896, due July 1, 1888, was paid
Nov. 10, 1896, and due Jan. 1, 1889 was paid May 1, 1898. Suit is pending to compel the payment of overdue
coupons and to enforce the old lease to the P., C. & St. L. Ry. Co., which was abrogated Dec. 31, 1885. (See
MANUAL for 1888.)

Directors (elected March 22, 1898).— James McCrea, Joseph Wood, J. J. Brooks, Pittsburgh, Pa.; James
Buckingham, W. A. Graham, James Herdman, John Hoge, Zanesville, O. OFFICERS: JAMES MCCREA, Pres.;
Joseph Wood, Vicf.-Prtg.; T. H. B. McKnight, Treat.; S. B. Liggett, Sec., Pittsburgh, Pa.; C. M. Bennett, Supt.,
Zanesville, O. GENERAL OFFICE, Zauesvule, O.

CLEVELAND AND MARIETTA RY.— Marietta to Canal Dover, O., 103.13m.; trackage : C. & P.
RR.. Canal Dover to Zoar, O., 7.27 m. — total operated, 110.4 miles. Sidings, 24.46 miles. Gauge, 4 ft. 8} in.
Rail (steel, 105.03 m.), 50 to 71 Ibs. ; iron, 45 Ibs. Reorganization in July (chartered July 12), 1886. of the C. & M.
RR. Co. (See MANUAL for 1888.) In Oct., 1893, the Pennsylvania Co. acquired a controlling interest in this com-
pany. On May 11, 1896, a new line around Liberty Hill, between Kimboltoand Guernsey, O. ,8.239m., wasopened,
increasing the mileage by 6.139 miles. The cost of this work, $119,873.08, was defrayed from proceeds of new 4£
p. c. bonds set acide for that purpose. Locomotives, 19. Cars— passenger, 8; baggage, etc., 6; freight (box, 2;
stock, 25; flat, 2; coal, 946; caboose. 6), 981— total car?, 995.

Operations, year ending Dec. 31, 1897.— Trains run (passenger, 135,592; freight, 308,055: other, 42,(i33),
486.280 miles. Passengers carried, 157,617; carried one mile, 2,995,140. Tons moved, 929,667; ton-miles, 39,277,338.

680 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Earnin-'s (pa-»scn"ur, $73,989; freight, $365,567; other, $16,165), $355,721. Operating expenses and taxes, $346,662.
Net earnings $905!)- other receipts, $717— total, $9,776. payments: Interest on bonds, 856,250; other interest,
$410; purchase of equipment, $6,336— total, $62,996. Deficit, $53,220; Surplus forward, $20,415; net deficit,

S3'' 805

General Balance Sheet, Dec. 31, 1897.

Cost of Road $2,407,517 56

Cost of Equipment 795,556 57

Materials and Fuel on Hand 32,699 97

Current Accounts 129,827 13

Cash on Hand 19,091 35

Profit and Loss 32,805 13

Total Assets $3,417,497 71

Capital Stock ($100 shares) $2,000,00000

Funded Debt Outstanding (see below) 1,250,000 00

Current Accounts 128,425 07

Accrued Interest on Bonds 9,375 00

Accounts Payable for Current Expenses. . 27,392 44

Miscellaneous 2,305 20

Total Liabilities $3,417,497 71

Funded debt consisted, Dec. 31, 1897, of 1st mtge. 4J p. c. 40-yr. $1,000 gold bonds, due May 1, 1935,
interest May and Nov. ; principal and interest payable in gold at the office of the trustee, Fanners' Loan and
Trust Co., New York, N. Y. Beginning with July 1, 1896, a fund equal to 1 p. c. of the amount of bonds
outstanding is annually provided out of net earnings for the purpose of retiring the bonds. Bonds are coupon,
but may be registered. Of the total authorized issue ($2,000,000), $649,000 were used in retiring the old 1st
6s of 1937, which become due and payable by call May 1, 1895; $410,000 for the funding of the then existing
car and locomotive trust and floating debt; $191,000 for construction of a permanent line around the burnt
tunnel No. 2, which has been abandoned, and making necessary reductions of grade at Pos Boy, and the
remainder ($750,000) is reserved for extensions, betterments, additional equipment, etc. The principal and
interest of the bonds issued (Nos. 1 to 1,250 inclusive) is unconditionally guaranteed (by endorsement on each
bond) by the Pennsylvania Co.

Directors (elected March 10, 1898).— Wm. A. Baldwin, Cambridge, O.; James McCrea, Pittsburgh, Pa.; J.
T. Brooks, Salem, O. ; A.J.Warner, Marietta, O.; Tlios. DeWitt Cuyler, Philadelphia, Pa. OFFICERS: W. A.
BALDWIN, Pres. & tien. Mr/r., Cambridge, O. ; James McCrea, Vice-Fret.; T. H. B. McKnight, Treas.; 8. B. Lig-
gett, Sec., Pittsburgh, Pa.: A. P. Griest, Aud., Cambridge, O. GENERAL OFFICE, Cambridge, O.

WAYNESBURG AND WASHINGTON RK.-Waynesburg to Washington, Pa., 28.15 miles.
Sidings, 2.48 mil us. Gauge, 3 ft. Rail (steel, 28.90 in.), 30 Ibs. Chartered May 18, 1875; road opened toward the
close of 1877. In 1885 it passed under the control of the Pennsylvania Co., through purchase by the Chartiere Ry.
Co. of a majority of stock and bonds. Locomotives, 4. Cars— passenger, 5; baggage, 2; freight (box, 13; stock,
12; coal, 37), 62; other, 6— total cars, 75.

BALDWIN, Pr«s. & 6en. Mgr., Cambridge, O. ; James McCrea, Tice-Pres.; T. H. B. McKnight, Treas.; S.B.Lig-
gett, Sec., Pittsburgh, Pa.: A. P. Griest, Aud., Cambridge, O. GENERAL OFFICE, Cambridge, O.

•WAYNESBURG AND WASHINGTON RR.-Wayneeburg to Washington, Pa., 28.15 miles.
Sidings, 2.48 miles. Gauge, 3 ft. Rail (steel, 28.90 in.), 30 Ibs. Chartered May 18, 1875; road opened toward J^he
close
Co
12;

Operations, year ending Dec. 31, 1897.— Trains run (passenger, 38,796 ; freight, 23,872; other, 2,603), 65,-
271 miles. Passengers carried, 49,047 ; carried one mile, 938,989. Tons moved, 15,390 ; ton-miles, 356,320. Barn-
ings (passenger, 332,162 ; freight, $25,996 ; other, §4,155), §62,312. Operating expenses and taxes, $45,791. Net
earnings, $16,521. Paid interest on bonds (6 mos.), $3,461. Surplus, $13,059; surplus forward, $11,707— total,
$24,766. A dividend of 2^ p. c. was pnid in March, 1898.

Financial Statement, Dec. 31, 1897.— Capital stock (auth., $270,000: shares, $50), $200,788 ; current ac-
count?, §5,400 ; other liabilities, $304; profit and loss, §24,766— total, $231,258. Contra: Cost of road, etc., $200,-
755 ; other property and assets, 8761 ; current accounts, $862 ; cash, $28,880— total, $231,258. Of the Capital stock,
$198,100 is full paid and $2,687.(52, part paid. The $98,900 1st mtge. bonds which matured July 1, 1897, were re-
redeemed with proceeds from sale of capital stock.

Directors (elected Feb. 1, 1898).— James McCrea, J. T. Brooks, J. J. Brooks, Jno. W. Renner, L. L. Gil-
bert,E. B. Taylor, Pittsburgh, Pa.; John P. Green, Philadelphia, Pa.; R. F. Downey, Waynesburg, Pa. ^Jona-
than Allison, Julius LeMoyne, James S. Forsythe, Washington, Pa. One vacancy. OFFICERS : JOSEPH WOOD,
Pres.; J. J. Brooks, Vice-Pren.; T. H. B. McKnight, Treas.; S. B. Liggett, Sec., Pittsburgh, Pa.; C. E.
Bowe.r, Supt., Waynesburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

RAILROAD CONTROLLED BY THE PENNSYLVANIA COMPANY OR PENN-
SYLVANIA RR. CO., BUT OPERATED UNDER LEASE BY THE TERRE
HAUTE AND INDIANAPOLIS RR. CO — ST. LODIS, VANDALIA AND TERRE
HAUTE RR. CO.

Line of Road. — E. St. Louis, 111., to Indiana State Line 158.3 miles.

Sidings, etc., 59.15 miles; Gauge, 4ft. 9 in. Rail (steel), 60, 70, and 80 Ibs.

History.— Chartered Feb. 10, 1865 ; road opened July 1, 1870. Leased to Terre Haute
and Indianapolis RR. Co. for account of itself and the P., C., C. & St. L. Ry. Co. Rental, 30
p. c. of gross earnings, increasing to 35 p. c. as expenses may fall below 70 p. c. The profits
and losses under the lease to be provided in the proportion of five-sevenths to the P., C., C.
& St. L. Ry. Co. and two-sevenths to the T. H. & I. RR. Co. (See MANUAL for 1893.) On
Nov. 13, 1896, the T. H. & I. RR. and its leased lines were placed in the hands of a receiver.
(See page 688.)

Rolling Stock, Oct. 81, 1897. — Locomotives, 50. Cars— passenger, 26 ; baggage, mail
and express, 10 ; freight (box, 1,149 ; flat, 120 ; stock, 262 ; coal, 508 ; beer, 14 ; caboose, 24),
2,077; work flat, 89 ; wood rack, 4 ; other, 14— total cars, 2,220. In addition, 400 box cars
are held through cars trusts.

Operations, year ending Oct. 31, 1897.— See tabulated statement on page 681.

Kan. I ncN-Pafwnger $367,239 32 Expenses-Conducting Transportation $702,798 63

* reight 879,763 48

Mail and Express 255,088 48

Miscellaneous 5,371 06

Total t$!i,522.8'.J per mile) $1,507,462 34

Not earnings (17.23 p. c.), $259,673.51.

Maintenance of Equipment 193,299 57

Maintenance of Way, etc 312,631 43

General 39,059 20

Total ($7,882.36 per mile) $1,247,788 83

POORS MANUAL — PENNSYLVANIA CO. SYSTEM.

681

Lessor's Income Account, year ending Oct. 31, 1897. — Receipts : Rental, 30 p. c. of gross
earnings, $452,238.70 ; other receipts, $132.50 — total, $452,371.20. Payments : Interest on
bonds, $267,355 ; taxes, $61,115.17 ; general expenses, $6,017.31 ; car trust payments, $21,-
433.44— total, $355,920.92. Balance, surplus, $96,450.28 ; surplus forward, $432,846.45—
total, $529,296.73. This surplus is represented as follows : Cash, $67,580.72 ; due by Terre
Haute and Indianapolis RR. Co., lessee, $63,989.15 ; due by V. T. Malott, receiver of Terre
Haute and Indianapolis RR. Co., $119,396.04; new equipment and other additions to the
property, $303,610.82 — total ($554,576.78, less liability for accrued interest on mtge. bonds,
$25,280), $529,296.73.

Statement of operations, and lessor's income account for eight years ending Oct. 31 :

RE. Operated, 158.3 Miles.

1890

1891

1892

1893

1894

1895

1896

1897

Passenger Train Miles
Freight Train Miles

666,364
1,095,730
367,448

18,173,204
1,564,216
136,401,318

1,833,801
1,183,844

693,745
1,017,385
398,582
18,961,505
1,428,194
121348,148

1,808,310
1,203,387

746,180
1,050,142
430,001
20,185,004
1,579,465
131.431,311
$
1,869,996
1,271,400

758,343
1,050,041
446,013
21,783,494
1,5-28,672
130,402,067

1,884,746
1,347,794

735,754
966,583
359,011
16,569,215
1.248,035
119.448,524

S

1,649,119
1,274,675

829,628
1,047,746
366,062
17,237,589
1,370,936
126-336,770
$
1,735,951
1,463,068

701,884
1,000,210
374,879
17,888,426
1,221,055
108.507,989
S
1,613.639
1,426,827

186,812
484,092

626,193
744,927
330,451
15,287,219
1,130,061
107,422,547
8
1,507,462
1,247,789

Paisengers Carried

Passenger Mile?

Freight (tons) Moyed

Freight (ton) Miles

Gross Earning!

Operating Expenses

Net Earnings

660,456
549,900

604,923
542,493

, 598,596
560,999

536,962
565,434

374,444
494,736

272,883
520,785

259,674
452,239

Rentals

Lessees' Gain or Loss

Gross Earnings per Mile... .
Operating Expenses p. M. .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile...
AT. Rate per Ton per Mile..

Lessor's Income Account :
Lease Rentals, etc

G. 100,466

11,681 18
7,742 17
4,109 01
64.52 p. c.
2.443C.
0.856 C.

649,990
314.930
55,530

G. 63,430

11,423 31
7,601 93
3,821 38
66. 55 p. c.
2.390C.
0.908 c.

556,545
314,930
50,700

G. 37.597

11,812 99
8,031 59
3,781 40
67.99 p. c.
2.253C.
0.886c.

587,947
314,930
64,784

L. 28,472

11,906 17
8,514 17
3,392 00
71.51 p. C.
2.287C.
0.871C.

$
565,424
320,696
92.863

L. 120,292

10,417 68
8,052 27
2,365 41
77.29 p. c.
2.332C.
0.842 C.

S

494,736
322,908
77,675
108,129

L. 247,902

10,966 30
9,24237
1,72388
84.88 p. c.
2.880C.
0.838 C.

$

520,785
321,244
82,044
108,129

L. 297,280

10,193 55
9,013 44
1,18011
88. 42 p. c.
2.354C.
0.856 c.

S

484,197
319,581
78,031
108,129

L. 192,565

9,522 82
7,882 36
1,640 46
82. 77 p. c.
2.402C.
0.819C.

$
452,371
267,355
88,566

Interest

T»«s <"id Kip*n«!s.

Dividends ".

Total Disbursements. . .

370,460
6T. 179,531

365,130
V. 190,915

379,714
S. 208,233

413,559
S. 151,865

508,712
D. 13,976

611,417
8. 9,368

505,741
D. 21,544

355,921
S. 96,450

General Balance Sheet, Oct. 31, 1897.

Cost of Road and Equipment $8,723,668 92 Com. Stock (shares, $100).. $2,377,150 00

Due by T. H. & Ind. RR. Co., Lessee....
Pennsylvania Company, Deposit Account.
Central Trust Co., New York (to pay

Interest)

Cost of 400 Freight Cars $207,999 81

Less Amount Paid 182,57760—

Due by Receiver of T. H. & I. RR. Co. . .

63,989 15 Installments paid on Stock. 2,208 10— $2,379,358 10

67,580 72 Preferred Stock (shares, $100) 1,544,700 00

Funded Debt Outstanding (see below) 4,496,000 00

96,005 00 Coupons past Due, not yet Presented for

Payment 5,005 00

25,422 21 Coupons Due Nov. 1, 1897 91,000 00

119,39604 Interest Accrued on Bonds 25,28000

Liability to Lessee for 400 Freight Cars.. 25,422 21

Balance to Credit of Income Account 529,296 73

Total Assets $9,096,062 04 Total Liabilities $9,096,062 04

The preferred stock was issued for the following purposes : To retire- $1,000, 000 income
bonds, with $201,700 unpaid interest thereon, and to pay $343,000 to lessee for construction
— total, $1,544,700. It is entitled to cumulative dividends of 7 p. c. per annum (paid in full
to Dec. 31, 1887), and to share equally with common in any dividends in excess of 7 p. c. on
both classes. Of the common stock, $2,208.10 represents installments paid on the stock
(see balance sheet).

Funded debt consisted, Oct. 31, 1897, of the following :

1st mtge. 7 p. c. 30-yr. $1,000 coup. cy. bonds, due Jan. 1, 1897, interest Jan, and Julymn i.m».> $1,896,000
2d mtge. 7 p. c. 30-yr. $1,000 coup. cy. bonds, due May 1, 1898, interest May and Nov : 2,600,000

The 1st mtge. bonds were purchased at maturity by the P. RR. Co., and are carried at 4 p. c. per annum
pending the adjustment of this company's funded debt. The 2d mtge. bonds were purchased at maturity by
the Pennsylvania Co. and are held uncancelled pending adjustment of the funded debt of the company. Of
the 2d mtge. bonds, $1,600,000 are endorsed with the guarantee of the Pittsburgh, Cincinnati and St. Louis
Ry. Co. (now P., C., C. & St. L.), the Terre Haute and Indianapolis RR. Co., and the Columbus, Chicago,
and Indiana Central Ry Co. (now P., C., C. & St. L.), to purchase the bonds and coupons as they mature, if
requested to do so by the bondholders. The obligation of the P., C., C. & St. L. Ry. Co. in this respect is
guaranteed by the Pennsylvania RR. Co. Interest payable at the office of the Central Trust Co., New York,
N. Y. Trustees: 1st mtge., Joseph T. Thomas; 2d mtge., William H. Barnes, surviving trustee.

682 POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Directors (elected Jan. 11, 1898). — James McCrea, J. T. Brooks, Joseph Wood, Pitts-
burgh, Pa.; Chas. H. Seybt, Highladd, 111.; E. O. Stanard, St. Louis, Mo.; Robt. L. Du-
laney, Marshall, 111.; A. G. Henry, Greenville, 111.; J. S. Peers, Collinsville, 111.; John P.
Green, Philadelphia, Pa.

JAMES McCREA, President. . Pittsburgh, Pa.

Joseph Wood, Vice-President "

Treasurer— T. H. B. McKnight Pittsburgh, Pa. | Secretary— S. B. Liggett Pittsburgh, Pa.

Asst. Secretary— C. D. Hoiles Greenville, III.

PRINCIPAL OFFICE AND ADDRESS Greenville, HI.

RAILROAD CONTROLLED BY THE PENNSYLVANIA RR. OR PENNSYL-
VANIA CO., BUT OPERATED UNDER CONTRACT BY THE TERRE
HAUTE AND INDIANAPOLIS RR. CO.— EAST ST. LOUIS AND CARON-
DELET RY.

. „ , ( East St. Louis, 111., to East Carondelet, 111.9.07 m.
Mam Lines of Koad: j East gt Louis Junc to Faning Springs, 111.3.67 m.

Smith's Say Branch 0.51 m.— 13.25 miles.

Sidings, etc., 4.64 miles. Gauge, 4 ft. 9 in. Rail (steel, 17.89 m.), 60 Ibs.

History.— Chartered Feb. 18, 1857; road opened Sept. 25, 1872. Used chiefly as a con-
necting road for all lines terminating at East St. Louis.

Rolling- Stock, Dec. 31, 1897. — Locomotives, 6. Cars — flat, 25 ; caboose, 1 — total cars, 26.

Operations, year ending Dec. 31, 1897.— Earnings— switching, $64,683.64; rental, $17,-
339.40; other, $10— total, $82,033.04. Expenses— transportation, $27,701.45; maintenance of
equipment, $3,574.30; maintenance of way, etc., $15,474.21; general and taxes, $5,492.50 —
total, $52,242.46. Net earnings, $29,790.58. Payments: Interest on bonds, $10,500; on debt,
$1,520.18— total, $12,020.18. Surplus, $17,770.40; surplus forward, $52,239.09— total, $70,-
009.49.

Financial Statement, Dec. 31, 1897.— Capital stock (auth., $500,000; $100 shares), $420,-
000; funded debt (1st mtge. 7 p. c. 25-yr. $1,000 coup, bonds, due Oct. 1, 1897, interest April
and Oct.), $200,000; profit and loss, $70,009— total,. $690,009. Contra : Cost of road, $622,-
441.93 ; current accounts, $15,965.31 ; cash, $51,602.25— total, $690,009. The bo^ids were
lifted at maturity by the Pennsylvania Co., and held uncancelled as collateral for money
advanced.

Interest payable at Treasurer's office, Pittsburgh, Pa. Trustees of bonds : William R.
McKeen, Terre Haute, Ind.; Wm. H. Maurice, St. Louis, Mo. Voting power attaches to
stock after ten days' ownership.

Directors (elected Feb. 17, 1898).— J. S. Peers, Collinsville, 111.; C. H. Seybt, Highland,
111.; C. D. Hoiles, Abram McNeill, Greenville, 111.; W. R. McKeen, Terre Haute, Ind.;
James McCrea, Joseph Wood, J. J. Brooks, Pittsburgh, Pa. ; J. J. Turner, St. Louis, Mo.

JAMES McCREA, President Pittsburgh, Pa.

J. J. Turner, Vice-President St. Louis, Mo.

Secretary— B. B. Liggett Pittsburgh, Pa. | Treasurer— T. H. B. McKnight Pittsburgh, Pa.

PRINCIPAL OFFICE AND ADDRESS East St. Louis, 111.

RAILROAD CONTROLLED JOINTLY WITH THE PITTSBURGH AND LAKE
ERIE RR. CO., BUT OPERATED BY ITS OWN ORGANIZATION.—

PITTSBURGH, CHARTIERS AND YOUGHIOGHENY RY. CO.

Main Line of Road. — McKees Rocks to Beechmont, Pa 11.42 m.

Branches 4.33 m.— 15.74 miles.

Trackage: Chartiers Ry.: Jc. No. 1, nr. Carnegie, Pa., to Woodv. Jc., Pa. 1.40 "

Total length of lines operated, Dec. 31,1897 17. 14 miles.

Sidings, 11.93 miles. Gauge, 4 ft. 8* in. Rail (steel), 56 and 70 Ibs.

History.— Incorporated Oct. 26, 1881. Road built in 1882 and 1883.

Rolling Stock, Dec. 31, 1897. — Locomotives, 6. Cars— passenger, 2; baggage, etc., 2;
freight (flat, 8 ; coal, 76 ; caboose, 2), 86 ; other, 1— total cars, 91.

POOR'S MANUAL — PENNSYLVANIA CO. SYSTEM. 683

Operations, year ending Dec. 31, 1887. — Train mileage — passenger, 41,188 ; freight,
54,739 ; other. 548 — total, 96,475 miles. Passengers carried, 71,013 ; carried one mile, 404,-
309 ; average mile rate, 2.07 cents. Tons freight moved, 969,469 ; moved one mile, 8,184,586;
average ton-mile rate, 1.81 cents. Earnings — passenger, $8,374.77; freight, $148,523.29;
mail, $293.90 ; express, $748.17 ; miscellaneous, $1,833.90— total, $159,774.03. Expenses-
transportation, $39,591.09 ; maintenance of equipment, $25,547.47 ; of way, etc., $14,170.29 ;
general and taxes, $10,592.58— total, $89,901.43. Net earnings, $69,872.60 ; other receipts,
$0.50— total, $69,873.10. Payments: Interest on bonds, $33,250 ; rents, $2,973.60— total,
$36,223.60. Surplus, $33,649.50 ; surplus forward, $36,199.07— total, $69,848.57.

Financial Statement, Dec. 31, 1897.— Capital stock (auth., $1,000,000) ; shares, $50) paid
in, $700,000 ; funded debt (see below), $669,000 ; current accounts, $16,845.03 ; interest on
bonds due and accrued, $13,595 ; profit and loss, $69,848.57— total, $1,469,288.60. Contra :
Cost of road, etc., $1,398,128.12; materials, etc., $0,685.63; current accounts, $10,340.11;
cash, $54,134.74— total, $1,469,288.60.

Funded debt, Dec. 31, 1897, consisted of the following: $320,000 1st mtge. 6 p. c. 20-yr. $500 and $1,000
coup, bonds, due Feb. 1, 1902, interest Feb. and Aug.; and $349,000 ($1,000,000 auth.) gen. mtge. 4 p. c. 40-yr.
$1,000 gold coup, bonds, due April 1, 1932, interest April and Oct. The gen. mtge. bonds are guaranteed,
principal and interest, by endorsement, by the P., C., C. & St. Louis Ry. Co. and the P. & L. E. BR. Co.,
one-half each. Principal and interest payable at the company's agency in Pittsburgh. The capital stock is
owned jointly by the guarantors. Trustees: 1st mtge., Safe Deposit and Trust Co., Pittsburgh, Pa.; gen.
mtge., Fidelity Title and Trust Co., Pittsburgh, Pa.

Directors (elected Jan. 24, 1898). — James McCrea, J. T. Brooks, John G. Robinson, E.
B. Taylor, Pittsburgh, Pa.; J. M. Schoonmaker, Pittsburgh, Pa.; 8. R. Callaway, Cleve-
land, O.

JOSEPH WOOD, President Pittsburgh, Pa.

E.B.Taylor, Vice-President " "

Seere/ary and Accountant— ft. T. Hill. . .Pittsburgh, Pa. | Treasurer— Jno. G. Robinson Pittsburgh, Pa.

Superintendent— 3 . B. Saiford McKees Bocks, Pa.

PRINCIPAL OFFICE AND ADDRESS 1003 Penn. Ave., Pittsburgh, Pa.

RAILROAD CONTROLLED JOINTLY WITH THE ST. LOUIS, KEOKUK AND
NORTHWESTERN RY. CO., BUT OPERATED BY ITS OWN ORGANIZA-
TION.—TOLEDO, PEORIA AND WESTERN RY. CO.

ir«j« TX«« i Af n™,i . JEffner, Ind., to Peoria, 111 110.9 miles.

Mam Lines of Road : j Hollis • m ( to Warsaw' m> 108 8

Iowa Branch : La Harpe, 111. , to Iowa Junction, 111 10.4

Owned and operated jointly with Wabash RR.: Hamilton, 111., to east end of Keo-

kuk Bridge 0.6

m t ( Peoria and Pekin Union Ry.: Peoria to Hollis, 111 7.7

cage . \(jtj s, & Q. PB. : Iowa Station, 111., to Burlington, la 9.3

Total length of lines operated, Dec. 31, 1897. 247.7 miles.

Sidings (owned), 33.90 miles. Gauge, 4 ft/8| in. Rail— steel (228.70 m.), 52 and 65 lbs>.;
iron, 56 Ibs. .

History. — Organized March 22, 1887, to take over the property of the Toledo, Peoria
and Western RR. Co., which was sold under foreclosure Oct. 29, 1886. (See MANUAL for
1891.) In 1893 the Pennsylvania Co. and the St. Louis, Keokuk and Northwestern Ry. Co.
acquired a large stock interest in this company, but the management and operation are inde-
pendent of either.

Rolling Stock, Dec. 31,1897. — Locomotives, 36. Cars — passenger, 17; baggage, mail
and express, 8 ; freight (box, 931 ; flat, 8 ; stock, 110 ; coal, 291 ; caboose, 18), 1,358 ; other
cars, 16— total, 1,399.

Operations, year ending Dec. 31, 1897. — Train mileage — passenge'r, 357,491 ; freight,
507,733 ; other, 34,098— total, 899,322 miles. Passengers carried, 428,752 ; carried one mile,
9,632,259 ; average mile rate, 2.46 cents. Tons freight moved, 704,285 ; moved one mile,
43,890,060 ; average ton-mile rate, 1.31 cents.

Earnings— Passenger $243,819 94

Freight 574,515 06

Mail and Express 41,82079

Miscellaneous 81,015 48

Total ($3,799.64 per mile) $941,171 27

Expenses -Conducting Transportation. . . . $406,626 26

Maintenance of Equipment. ... 68,41477

Maintenance Way and Bldgs. . . 173,092 80

General and Taxes 81,228 76

Total ($8,944.54 per mile) $729,362^9

POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS.'

Net earnings (22.50 p. c.), $211,808.68. Charges : Interest on bonds, $195,800 ; on debt,
$25,873.27— total, $221,673.27. Deficit, $9,864.59 ; deficit forward, $228,267.05— total, $238,-
131.64.

Capital stock bonded debt, gross and net revenue, etc., for eight years ending June 30 :

'Pntfll

Cost & RR. Gross Expenses Net Interest Other
Invest- Oper- Earn- and Earn- Paid Pay-
ments, ated. ings. Taxes. ings. (Net.) ments.

Stock.

Bonded
Debt.

Pay- Balance
ments. (+ or — )
(Net.)

+ 134,298

- 3,449

$ $ S Miles. $ S S $ S

1890. .4,500,000 4,800,000 9,300,000 247.10 938,'830 746,'031 192,799 192,369 *133,863 58^506

1891.. 4,500,000 4,800,000 9,300,000 247.10 926,549 717,328 209,221 195,917 16,753 212,670

1892. .4,076,900 4,800,000 8,876,900 247.101,017,791 771,432 246,359 196,156 *1,531 194,624 + 5li735

1893.. 4,076,900 4,895,000 8,971,900 247.10 985,632 776,968 208,669 195,685 *45,039 150,646 + 58,023

1894.. 4,076,900 4,895,000 8,971,900 247.70 914,782 767,660 147,113 197,552 16,453 214,005

1895.. 4,076,900 4,895,000 8,971,900 247.70 953,238 782,143 171,095 202,491 37.232 239,723

1896.. 4.070,900 4.895.000 8.971.900 247.70 1,010,270 789,482 220,788 211.701 211,701 + 9088

1897.. 4,076,900 4,895,000 8,971,900 247.70' 888,881 704,406 184,475 221,673 7,174 228,848 - 44,372

NOTE. — The three items marked thus (*) are net " other receipts " ; the " other payments " being less
than the " other receipts."

General Balance Sheet, Dee. 31, 1£97.

Cost of Road, etc $8,971,900 00

Additional Equipment 297,1'JO 5ti

Current Accounts 94,779 37

Materials on Hand 12,63136

Cash 91,643 25

Balance of Income Account 238,131 64

Capital Stk. (auth., $4,500,000; par, flOO). $4,076,900 00

Funded Debt Outstanding 4,895,000 00

Coupon Scrip 220,845 00

Unpaid Coupons, 1st Mtge. Bonds 61,440 00

Interest Accrued on Current Liabilities.. 14,334 93

Current Accounts 117,165 69

Bills Payable for Additional Equipment.. 297,190 56
Estimated Taxes 23,400 00

.$9,706,276 18

Total Assets $9,706,276 18 Total Liabilities.

Voting power attaches to stock after 30 days' ownership.

Funded debt consisted, Dec. 30, 1897, of 1st mtge. 4 p. c. 30-yr. $1,000 coup, bonds, due July 1, 1917,
interest payable Jan. and July, at American Exchange National Bank, New York; authorized, $5,000,000. The
4 p. c. coupon scrip issued for interest due in 1888 on 1st mtge. bonds fell due April 1, 1893, and all but $570
of it had been paid off at the close of the fiscal year.

Interest which matured July 1, 18Q4, on 1st mtge. bonda was not paid when due, but in Oct., 1894, three
coupons — those of July 1, 1894, and Jan. 1 and July 1, 1895 — were paid, each coupon re'ceiving $5 in cash and
$15 in debenture scrip payable ten years from Jan. 1, 1895, this scrip bearing 5 p. c. interest, payable annually.
The coupons deposited are held by the Farmers' Loan and Trust Co., New York, N. Y., as security for the
payment of the principal and interest of the debenture scrip, and in case of any default in the payment of the
principal and interest as provided, the coupons will be surrendered to the holders of the debenture scrip. The
company reserves the option to pay the principal on any interest day. The amount of this scrip outstanding
on Dec. 31, 1897, was $220,275. Interest on scrip payable at Farmers' Loan and Trust Co., New York, N. Y.
Trustees of bonds: Charles Moran, Thomas Denny, and Cornelius B. Gold, New York, N. Y.

Directors (elected Sept. 8, 1897).— Joseph Wood, Pittsburgh, Pa.; W. W. Baldwin, Bur-
lington,.Ia.; Franklin H. Head, C. M. Dawes, Chicago, 111.; E. F. Leonard, Sringfield, 111.

E. F. LEONARD, President and Treasurer Peoria, 111.

Secretary and Auditor— E. D. Usner Peoria, 111. | General Superintendent— E. N. Armstrong. .Peoria, 111.

PRINCIPAL OFFICE AND ADDRESS Peoria, 111.

RAILROAD CONTROLLED BY THE PENNSYLVANIA RR. CO., BUT OPER-
ATED BY ITS OWN ORGANIZATION.— GRAND RAPIDS AND INDIANA
RY. CO.

Main Line of Road.— Ft. Wayne, Ind., to Mackinaw City, Mich 366.59 miles.

Mnnistee Branch and Spurs : Milton June., Mich., to Carey, Mich.. .18.60 m.
Missauket Branch and Spurs: Missaukee June., Mich., to Lake City. 21. 67 m.

Osceola Branch : Osceola June., to Ruggles, Mich 7.03 m.

Harbor Springs Branch : Kegomic to Harbor -Springs, Mich 5.76 m.

Ludington Branch : Stims<on June, to Merritts, Mich 5.84 in.

Plaster Mitt Branch, 3.93.m.; Sear Lake Branch, 1.07 m 5.00 m.— 63.90 "

{Cincin., Richmond and Fort Wayne RR. (see page 688). .85.60 m.
Traverse City RR. (w page 687) 26.00 in.
Muske g on, Grand Rapids and Ind. RR. (see page 687) . . .36.85 m.— 148.45 "

Tr«nVn< J *' • . #• > C- & &• L- RV • , at Richmond. Ind 0.76 m.

' J P., Ft. W. & C. Ry., Adams.Ind., to Ft. Wayne June., Ind. 6.70 m.— 7.46 "

Total of all lines owned and operated, Dec. 31, 1897 586.40 miles.

POOR'S MANUAL — PENNSYLVANIA CO. SYSTEM.

685

2d track, 3.10 m. ; sidings, etc. (owned, 126.95 m. operated, 27.97m.), 154.92 miles. Gauge,
4 ft. 9 in. Rail (steel— owned, 464.27 m.; operated, 153.55 m.— total, 617.82 m.), 56, 60, and
70 Ibs.

Statement of mileage of main and operated lin.-s, sidings, etc., Dec. 31, 1897 :

NAME or COMPANY.

1st Track
Owned.

2d Track
Owned.

Sidings
Owned.

Total Track
Owned.

Steel Rail
Owned.

Grand Rapids and Indiana Ry. and branches
Cincinnati Richmond and Fort Wayne RR

M.

430.49
85 60

M.

3.10

M.

126.95

15 28

M.

560.54
100 88

M.

464.27
87.01

Traverse City RR

26.00

4.50

30.50

26.97

Muske^on, Grand Rapids and Indiana RR

36.85

8.19

45.04

39.57

Totals

578.94

3.10

154.92

736.96

617.82

History. — Incorporated in Michigan, July 11, 1896, and in Indiana, July 13, 1896, to take
over the railroad and property of the Grand Rapids and Indiana RR. Co., which were sold
under foreclosure on June 10, 1896, on the application of the trustee under the 2d mtge. The
property was transferred to the new company on Aug. 1, 1896. (See MANUAL for 1896,
page 778.)

For traffic returns, earnings, etc. , of operated lines and terms of contracts with Grand
Rapids and Indiana Ry. Co., reference should be made to the statements for their respective
companies. (See GENERAL INDEX.)

Rolling Stock, Dec. 31, 1897. — Locomotives, 62. Cars — passenger, 64 ; special, 2 ; bag-
gage, mail, and express, 22 ; freight (box, 1,592 ; stock, 49 ; flat, 1,298 ; ore, 75 ; caboose, 52),
3,066 ; other cars, 30 — total cars, 3,184. The company also owns one-third of the Mackinac
Transportation Co.'s transfer boats.

Operations, year ending Dec. 31, 1897. — See tabulated statement below.

Earnings— Passenger $569,298 82

Freight 1,286,702 80

Mail and Express 76,866 34

Miscellaneous 45,699 22

Expenses— Conducting Transportation $780,863 61

Maintenance of Equipment 252,558 24

Maintenance Way & Buildings. 311,910 48

General and Taxes 108,148 69

Total ($4,580.65 per mile) $1,978,567 18 Total ($3,365.00 per mile) $1,453,481 02

Net earnings (26.54 p. c.), $525,086.16. Payments : Interest (on bonds, $357,245 ; on debt,
$9,710.41), $366,955.41. Betterment expenditures, $75,891.80 ; contribution to Cobbs and Mit-
chell line, $2,902.67 ; cash advanced to C., R. & Ft. W. RR. Co., to pay interest on bonds,
$9,259.19— total, $455,009.07. Surplus, $70,077.09; surplus forward, $3,010.48— total,
$73,087.57.

Statement of operations, etc., for eight years ending Dec. 31:

1890

1891

1892

1893

1894

1895

1896

1897

Passenger Train Miles
Freight Train Miles

809,687
1,191,760

986,898
30,427,277
2,082,758
194,795,760

$

2,602,416
1,743,033

912,032

986,821
1,090,704
32,815,415
1,845,280
168,692,760

2,404,952
1,710,163

940,647
991,242

1,094,974
31,837,524
2,166,613
179,426,286

2,516,6*0
1,783,986

886,565
935,340
963,865
28,046,806
1,603,402
158,777,504
$
2,185,899
1,797,616

761,770
710,448
859,747
25,577,826
1,304,108
133,408,620
$
1,900,401
1,461,495

818,418
875,974
983,096
26,813,284
1,457,580
168,294,218
$
2,074,841
1,664,725

824,557
759,874
860,343
25,574.5(12
1,369,797
147,171,375

S

1,899,444
1,595,194

805,778
782,580
922,141
27,276,909
1,422,083
157,033,273
$
1,978,567
1,453,481

Passengers Carried

Passenger Miles

Freight (tons) Moved

Freight (ton) Miles

Gross Receipts

Expenses, Taxes, etc

Net Traffic Earnings

859,383
798,330
30,760
+ 30,293

6,04529
4,06994
1,97535
67.21 p. c.
2.40 c.
0.89 C.

694,789
804,115
208,431
- 317,757

5,52554
3,955 40
1,570 14
71. 59 p. c.
2.33 c.
0.92 c.

732,654
771,847
203,972
-243,165

5,72641
4,07703
1,674 14
70.89 p. c.
2.38 c.
0.90 C.

388,283
603,174
127,537
-342,428

4,96908
4,10743
861 65
82. 24 p. c.
2.42 c.
0.86 c.

438,906
599,334
137,487
- 297,915

4,341 10
3,33350
1,00260
76.90 p. C.
2.29 C.
0.88 c.

410,116
550.656
50,487
- 206,027

4,73957
3,802 74
93883
80. 23 p. c.
2.22 c.
0.80 c.

304,250
463,829
29,652
- 189,231

4,369 65
8,66973
69992
83. 98 p. c.
2.17 c.
0.83 c.

525,086
366,955
88,054
+ 70,077

4,58065
3.365 00
1,21565
73.46 p. c.
2.09C.
0.82 c.

Total Interest Liabilities. .
Construction, Equip't, etc. .
Balance ( + or — )

Gross Earnings per Mile*. .
Gross Expenses per Mile*. .
Net Earnings per Mile*
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile..

* Reckoned on gross traffic earnings, excluding receipts from interest, etc.

686

POOR'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

Statement showing for the year ending Dec. 31, 1897, the operations, earnings, etc., of
all lines operated by the G. R. & I. Ry. Co.:

G. R. & I.

Ry.

C.. R. & Ft.
W. RR.

Traverse
City RR.

M. G. R. &
I.RR.

All Lines.

Miles of Railroad Operated

431.94

91.61

26.00

39.64

589.19

Train Mileage — Passenger

805,778

190,121

38,124

54,666

1,088,689

Freight

782,580

126,358

16,288

52,931

978,157

Other

504,164

48,921

7,048

27,087

587,220

Total Train Mileage . . 7

2,092,522

365,400

61,460

134,684

2,654,066

Passengers Carried

922,141

200,110

33,125

78,598

1,233,974

Passengers One Mile. ... ....

27,276,909

5,625,616

639,856

2,481,311

36,023,692

Tonf Freight Moved

1,422,083

465,512

73,625

110,725

3,071,945

Tons Moved One Mile

157,038,273

27,612,394

1,251,796

4,030,955

189,933,418

Earnings — Passenger

$
569,298 82

$
125,122 04

$
15,501 45

$

46,940 64

$

756,862 95

Freight

1,286,70280

256,429 87

19,604 49

61,578 68

1,624,315 84

Mail

46,656 93

12,926 98

1,510 73

3,736 38

64,83102

Express

30,209 41

6,856 81

1,965 05

2,926 67

41,95794

Other

45,699 22

5,307 99

83275

2,279 17

54,119 13

Total Earnings

1,978,56718

406,643 69

39,414 47

117,461 54

2,542,086 88

Expenses — Conducting Transportation..
Maint. Equipment

780,863 61
252,558 24

184,871 89
38,857 72

15,193 03
2,964 44

54,650 22
9,948 18

1,035,578 75
304,328 58

Maintenance Way, etc
General and Taxes

311,91048
108,14869

53.090 11
35,14948

10,011 10
2,129 03

19,586 97
6,374 10

394,598 66
151,801 30

Total Operating Expenses
Net Earnings ....

1,453,481 03
525 086 16

311.969 20
94,674 49

30,297 60
9,116 87

90,559 47
26,902 07

1,886,30729
655,779 69

Total Payment from Net Earnings
Balance, Surplus for Year

455,009 07
70,077 09

129,412 59
Dff. 34,738 10

7.50000
1,616 87

37,50000
Def. 10,597 93

629,421 68
26.357 93

Gross Earnings per Mile

4 580 65

4 43886

1,515 94

2,963 21

4,33507

Gross Expenses per Mile

3 365 00

3,405 41

1,16529

2,28455

3,216 76

Net Earnings per Mile

1,215 65

1,033 45

35065

67866

1,11831

Expenses to Earnings

73.46 p. C.

76.72 p. c.

76.87 p. c.

77.10 p. c.

74.20 p. c.

Average Kate per Passenger per Mile . .
Average Rate per Ton per Mile

2.09 c.
0.82 c.

2.22 c.
0.93 c.

2.42 c.
1.57 C.

1.89C.
1.53 c.

2.10 c.
0.85 c.

General Balance Sheet, Dec. 31, 1897.

Cost of Road, Equipment, etc $15,210,70000

Due by Other Companies 76,810 02

Due from Agents and Conductors 111,451 70

Cash in Hands of Treasurer and Finan-
cial Agents 426,693 70

Supplies on Hand 96,850 59

Total Assets $15,922,506 01

Capital Stock (shares, $100; auth., $6,-
000,000)

Funded Debt (see below)

Mortgages on Real Estate

Coupons Matured but not
Presented (incl. Coupons
Due Jan. 1, 1898) $133,48750

Accrued Interest on Funded
Debt 30,502 50

Accrued Interest on Un-
funded Debt 2,550 00—

Accounts Payable

Due Other Companies

5 p. c. assessment on 3d mtge. bonds of
G. R. & I. RR. Co

Other Liabilities (see footnote *)

Profit and Loss

$5,723,700 00

9,337,000 00

150,000 00

166,540 00
184,387 76
80,322 88

117,353 82
90,113 98
73,087 57

Total Liabilities $15,922,506 01

* This item represents excess of current assets of G. R. & I. RR. Co., applicable to payment of unadjusted
liabilities of G. R. & I. RR. Co.

The amount of capital stock outstanding as above was issued in the reorganization —
$1,500,700 for sundry indebtedness of the old company and $4,223,000 in exchange at par for
such of the 3d mtge. bonds as paid the cash assessment of 5 p. c. required of them in order
that they might participate in the reorganization. At the close of the year there remained
outstanding $273,000 of the old 3d mtge. bonds, but they were being gradually converted
into stock.

Funded debt (total, $9,337,000) consisted, Dec. 31, 1897, of:

1st mtg. ex. land gr. (Ft. W. to Mack. C'y) 7 p. c. 30-yr. c. $1,000 g. b'ds, due Oct. 1, 1899, int. A. & O. $13,000
st mtg;. land gr. (Ft. W. to Mack.) 7 p. c. 30-yr. coup. $1,000 gold b'ds, due Oct. 1, 1899, int. A. & O. 32,000

Bt mtge. ext. (guar.) 4£ p. c. $1,000 'gold coup, bonds, due July 1, 1941, interest Jan. and July 4,387,000

.st mtg. land gr. guar. (Ft. W. to Mack.) 7 p. c. 30-yr. c. $1,000 g. b'ds, due Oct. 1, 1899, int. J. & J. 943,000
d mtge. (Ft. Wayne to Mack. City) 40-yr. coup. $1,000 gold bonds, due Oct. 1, 1936, int. A. & O.. .3,962,000

The ls< mtge. lanrl grant bonds were issued under a mtge. dated Oct. 1, 1869, securing an authorized

J6 "J. 'i*'000'0*10 bonds and covering the railroad and appurtenances from Ft. Wayne, Ind., to Mackinaw

City, Mich., and also the land grant of the company. Bonds numbered 1 to 4,000, inclusive, had attached to

POOR'S MANUAL — PENNSYLVANIA CO. SYSTEM. 687

them an undertaking assumed by the Pennsylvania RR. Co. to purchase the coupons at any time should de-
fault be made by the company, and also to purchase the bonds at maturity, if not paid off by the mortgagor.
The remaining $4,000,000 bonds had no such guarantee, and $2,500,000 of them were retired by an issue of in-
come bonds. Endorsed bonds amounting to $66,000 were also retired, leaving the total amount of 1st mtge.
bonds outstanding, $5,375,000— endorsed, $3,934,000; not endorsed, $1,441,000. Of the unendorsed bonds, only
$505,000 retained their security on the land grant, that security . having been removed from the remaining
$936,000. On March 18, 1891, an agreement was entered into providing for the extension of the entire $5,375,-
000 1st mtge. bonds for 50 years from July 1, 1891, the interest to be reduced to 4J p. c. and the additional
security of the land grant, together with the clause relating to purchase of bonds and coupons by the Pa. RR.
Co. to be detached from the bonds, each extended bond to be endorsed with a new undertaking by the Pa. RR.
Co. for the purchase of the bonds and coupons in case of default by the company, upon 60 days' notice by the
holders of the bonds; such bonds and coupons to be kept alive and held as a debt against the company. Dur-
ing the past year $428,000 of the 1st mtge. guaranteed 7s were extended af4j p. c. leaving that issue Dec. 31,
1897, as follows: 7s due Oct. 1, 1899, $988,000; 4As due July 1, 1941, $4,387,000— total, $5,375,000.

The 2d mtge. bonds bear 2 p. c. interest the first year, 3 p. c. the second and third years, and 4 p. c.
thereafter. The authorized amount is $5,000,000, of which $3,962,000 were issued under the plan of reorganiza-
tion for the following purposes: $2,975,000 at par in exchange for a like amount of 6 p. c. 2d mtge. Grand
Rapids and Indiana RR. Co. bonds; $612,745 in exchange for 7 p. c. coupons of 1st mtge. bonds; $294,784.78 in
exchange for car trust obligations, and $79,470.22 in exchange for loan secured on the boats and one-third of
capital stock of Mackinac Transportation Co. The remaining $1,038,000 of bonds are reserved for future use.

Trustees of bonds : 1st mtge., William H. Barnes, Philadelphia, Pa.; 3d mtge., Com-
monwealth Title Insurance and Trust Co., Philadelphia, Pa. Interest payable in New York,
N. Y. , and in Philadelphia, Pa.

Land Grant. — The company has two land grants, amounting in the aggregate to 1,160,-
000 acres, of which 852,960 acres had been certified up to Dec. 31, 1882. Sales in the year
ending Dec. 31, 1897, 68,932 acres for $506,179.00. Average price per acre, $7.34. Gross
sales, 710,846 acres for $8,454,982.00, being an average of $11.89 per acre.

Directors (elected March 2, 1898). — James McCrea, J. T. Brooks, Joseph Wood, II. Dar-
lington, Pittsburgh, Pa.; W. R. Shelby, T. J. O'Brien, Harvey J. Hollister, Grand Rapids,
Mich.

JAMES McCREA, President Pittsburgh, Pa.

W. R. Shelby, Vice-President and Treasurer Grand Rapids, Mich.

Sr.c. <fc Aud.— R. R. Metheany Grand Rapids, Mich. | Gen. Mgr. — J. H. P. Hughart Grand Rapids, Mich.

PRINCIPAL OFFICE AND ADDRESS Grand Rapids, Mich.

RAILROADS OPERATED BY THE GRAND RAPIDS AND INDIANA RY. Co.

MTTSKEOON, QRAND RAPIDS AND INDIANA RR.-Grand Rapids, Mich., to Muskegon,
Mich., 3S.85 m.; trackage, G. R. & 1. By., at Grand Rapids, Mich., 2.79 m.— total length of road operated, 39.64
miles. Sidings, 8. 19 miles. Gauge, 4 ft. 9 in. Rail (steel, 39.57 m.), 56 and 60 Ibs. Organized Feb. 26, 1886; road
opened Dec. 1, 1886. Operated by the G. R. & I. Ry. Co. under an agreement whereby the net earnings of the
road nre to be applied to interest on the bonds, bat there is no guarantee. (See MANUAL for 1896, p. 790.) The
company owns 1 locomotive and 3 passenger cars; all other equipment supplied by the G. R. & I. Ry. Co. Net
earnings, year 1897 (see page 686), $26,902. Interest on bonds, $37,500. Deficit, $10,598; deficit forward, $75,399
—total, $85,997.

Financial Statement, Dec. 31, 1897.— Capital stock (auth., $350,000; shares, $100), $1,000; funded debt,
$750,000; coupons matured. $102,250— total, $853,250. Contra: Cost of road, equipment, etc., $746,978; current
accounts, $11,720; cash on hand, $8,555; profit and loss, $85,997— total, $853,250. Funded debt consists of 1st
mtge. 5 p. c. 40-yr. $1,000 gold coup, bonds, due July 1, 1926, interest Jan. and July, issued by G. R. & I. RR. Co.,
and secured by first Hen on this company's road and property. Trustee: Central Trust Co., New York. Interest
payable at the office of Wiuslow, Lanier & Co., New York. The net earnings to Sept. 30, were found to be
enough to meet one installment of past due coupons, and were so applied on Oct. 1, 1897, to pay coupon No. 18,
due July 1, 1895, leaving at the close of the year five series of coupons in default, amouniing to $93,750.

Directors (elected March 2, 1898).— W. O. Hughart, W. R. Shelby, T. J. O'Brien, J. H! P. Hughart, R. R.
Metheany, Grand Rapids, Mich.; L. N. Keating, N. M. McGraft, Mnskegon, Mich. OFFICERS : W. O. HUGHART,
Pres., Grand Rapids, Mich.; N. M. McGraft, Vice-Pres., Muskegon, Mich.; R. R. Metheany, Sec.; W. R. Shelby,
Treas., Grand Rapids, Mich. GENERAL OFFICE, Grand Rapids, Mich.

TRAVERSE CITY RR.— Walton, Mich., to Traverse City. Mich., 26 miles. Sidings, etc., 4.5 miles.
Gauge, 4 ft. 9 in. Rail (steel, 26.9" m.), 56 and 60 IDs. Organized Oct. 30, 1871; road opened Dec. 1, 1872. Leased
for 50 years from Jan. 1, 1883, to the Grand Rapids and Indiana RR. Co., at a rental equal to net earnings, with a
minimum guarantee of interest on 1st mtge. bonds. The road is iiow operated by the G. R. & I. Ry. Co. under
an agreement whereby the net earnings are to be applied to interest on the bonds, but there is no guarantee. The
company owns 10 flat freight cars; allother equipment is supplied by the G. R. & I. Ry. Co. Net earnings, year
1897 (see page 686), $9,117. Interest on bonds, $7,500. Surplus, $1,617; deficit forward, $6,945— deficit, $5,328.

Financial Statement, Dec. 31, 1837.— Capital stock (shares, $100), $205,000; funded debt (1st mtge. 3 p. c.
50-yr. coup. $1,000 bonds, due Jan. 1, 1933, interest payable Jan. and July, $250,000; inc*ome 50-yr. registered $500
bonds, due Jan. 1, 1933, interest not to exceed 5 p. c., payable, when earned, Jan. and July, $190,000), $440.000;
coupons matured, $11,400; current accounts, $1,013— total, $657,413. Contra: Cost of road, etc., $646,2C8; cash on
hand, §5.816; profit and loss, 85,328— total, $657,413. Trustees of bonds: 1st mtge., Frederick A. Horsey; income,
H. W. Smithers and W. F. Whitehouse. Interest payable at office of Winslow, Lanier & Co., New York, N. Y.
Three series of past due coupons of the 1st mtge. bonds were paid during the year from the net earnings, leaving
coupons in default, those of July 1, 1897, and Jan. 1, 1898, amounting to $7,500.

Directors (elected May 5, 1898).— Perry Hannah, W. H. C. Mitchell, Thomas T. Bates, Traverse City, Mich. ;
D. C. Leach, Walton, Mich.; W. O. Hughart, W. R. Shelby, J. H. P. Hughart, Grand Rapids, Mich. OFFICERS:
THOS. T. BATES, Pres., Traverse City, Mich.; W. R. Shelby, Treas.; R. R. Metheany, Sec., Grand Rapids, Mich.
GENERAL OFFICE, Traveree City, Mich.

688 POOR'S MANUAL OF RAILROADS— RAILROAD "SYSTEMS."

CINCINNATI, RICHMOND AND FORT WAYNE RR.— Richmond, Ind., to Adams, Ind.,
85.60m.; trackage, P.. ('.. ('. <fc St. L. By., at Richmond, Ind., 0.76m.; P., F. W. <k C. By., Adams to Fort
Wayne, Ind.. 5.25 m.— total length of road operated. 91.61 miles. Sidings, etc., 15.28 miles. Gauge, 4 ft. 9 in.
Rail (steel, 87.01 m.\ 56, 60 and 70 Ibs. Chartered Feh. 4, 1853, as C. & Ft. W. RR. Co. Present name adopted
Feb. 5, 1866. Whole line opened Jan. 1, 1872. The road is now operated by the G. R. & I. Ry. Co., undi-r an
agreement whereby the net earnings are to be applied to interest on the bonds, but there is no guarantee by the
lessee. The Pennsylvania Co. and the P., C., C. & St. L. Ry. Co. jointly guarantee any deficiency in the net
earnings to meet the interest on the bonds._ (See MANUAL for 1896, p. 791.) The company owns 10 flat cars : all

' 674. Deductions : Interest on
$34,738 ! deficit forward, $1,-
the year amounted to $34,738,
one-third of which was supplied by the G. R. & I. Ry. Co., and the remaining two-thirds by the legal guarantors,
for interest. »

Statement of gross earnings, expenses, and net earnings for eight years, ending Dec. 31 :

1890 1891 1892 1893 1894 1895 1896 1897

$$$$$ $ $ ft

Gross Earnings 471,296 00 452,068 42 496,602 17 436,832 15 414,782 19 447,705 01 394,411 46 406,643 69

Operating Expenses. 305,442 07 330,227 5SJ 328,174 48 319,048 48 281,310 03 844,255 82 299,528 28 311,969 20

Net Earnings.... 105,853 93 121,84090 168,42769 117,78367 133,47216 103,44919 94,88318 04,67449

The amount heretofore advanced by the guarantors for interest to the end of 1897 was as follows : Penn.
Co., $459,050; G. R. & I. RR. Co.. $390,462 : C., H. & D. RR. Co., $367,647 ; P., C., C. & St. L. Ry. Co., $91,148;
G. R. & I. Ry. Co., $10,030— total, $1.318,337.

Financial Statement, D^c. 31, 1897.-Capital stock (§50 shares), $1,709,313; funded debt (let mtge. 7p. c.
50-yr. $1,000 gold coup, bonds, due June 1, 1921, interest June and Dec., at office of Winslow, Lanier & Co., New
York), $1,800,000; unsettled stock subscription accounts, $170,519; due guarantors for advance to pay interest,
$1,318,337; interest unpaid and accrued, $15,610 — total, $5,013,780. Contra : Cost of road, equipment, etc., $3,- .
679,832; accounts, $10,362 ; cash, $5,110 ; profit and loss, $1,318,476— total, $5,013, 780. Trustee of bonds : Charles
Lanier, New York.

Directors (elected April 7, 1898).— C. C. Binkley, J. F. Miller, H. E. Robinson, Richmond, Ind.; J. T.
Brooks, James McCrea, Jeseph Wood, Pittsburgh, Pa.; William O. Hughart, William R. Shelby, J. H. P.
Hughart, T. J. O'Brien. Grand Rapids, Mich.; David Studebaker, Decatur, Ind. OFFICERS: W. O. HUGHART,
Pres., Grand Rapids, Mich.; Joseph Wood, Vice-Pres.; T. H. B. McKnight, Treas.; S.B.Liggett, Sec., Pitts-
burgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.

RAILROADS CONTROLLED BY THE PENNSYLVANIA COMPANY, BUT
OPERATED UNDER RECEIVERSHIP; OPERATIONS NOT INCLUDED
IN TABLES ON PAGES 658 TO 660.

TERRE HAUTE AND INDIANAPOLIS RAILROAD COMPANY.

Main Line of Road.— Indian's, Ind., to State L.,west of T. H., Ind. 79.90 m.

Center Point Branch : Knightsville to Center Point, Ind 8.16 m.

Saline City Branch : Brazil to S. City, Ind. (leased to E. & I. RR. Co.) 11.76 m.

Short Branches to Coal Mines near Brazil, Ind 23.76 m. — 123.58 miles.

Leased : (St. Louis, Vandalia & Terre Haute RE. (see p. 680). 158.30 ni.

OPERATIONS I Terre Haute and Logansport RR. (see p. 690) 182.26 m.

REPORTED ] Indiana and Lake Michigan Ry. (see p. 690) 39.29 m.

SEPAHATELT. [ Terre Haute and Peoria RR. (see p. 691) 173.63 m.

Operated under Contract : East St. L. and Carondelet Ry. (see p. 682). 12.74 m.— 566.22

Total length of lines (operated, 678.04 m.), Oct. 31, 1897 689.80 miles.

Sidings (owned, 78 in.; leased, 129 m. ; operated, 17 m.), 224 miles. Gauge, 4 ft. 8 in. Rail
(steel), 60, 70 and 85 Ibf.

History. — Chartered in 1847 as the Terre Haute and Richmond RR. Co., and road opened
in 1852. Preset-t name adopted in 1866. At State Line the road connects with the St. Louis,
Vandalia and Terre Haute RR., which this company operates under a lease for 999 years, at
an annual rental of 30 p. c. of the gross earnings, with a guarantee, jointly with the Pitts-
burgh, Cincinnati, Chicago and St. Louis Ry. Co., of interest on the mtge. bonds. The Terre
Haute and Peoria, Terre Haute and Logausport, and the Indiana and Lake Michigan RRs. -
are also leased and operated, and their bonds guaranteed by this company. (See subjoined
statements.) In 1893 the Pennsylvania RR. Co. purchased a controlling interest in the stock
of this company. Default was made July, 1, 1896, in the interest due on the bonds of the
Terre Haute and Logansport RR. Co., and was followed Sept. 1, 1896, by default in the
interest due on the bonds of the Terre Haute and Peoria and the Indiana and Lake Michigan
RR. Cos. Committees were thereupon appointed to protect the interests of the holders of
tho bonds on which default had been made, and suit was brought by the holders of Terre
Haute and Peoria bonds to secure the appointment of a receiver and compel an accounting

POOR'S MANUAL — PENNSYLVANIA CO. SYSTEM.

689

by the lessee. As a result of this suit a receiver was appointed for the entire system, on
Nov. 13, 1896. (See appended statements for the subsidiary companies.)

Rolling Stock, Oct. 31, 1897. — Locomotives, 47. Cars — passenger (coaches, 24 ; combi-
nation, 3 ; parlor, 3), 30 ; baggage, mail and express, 25 ; freight (box, 376 ; furniture, 186 ;
beer, 4 ; flat, 130 ; stock, 24 ; coal, 933 ; refrigerator, 51 ; vegetable, 49 ; caboose, 23), 1,776 ;
other, 148— total cars, 1,979.

Operations, year ending Oct. 31, 1897 (123.58 miles). — See tabulated statement below.

Earnings— Passenger $293,45286

Freight 722,443 07

Mailand Express 132,901 53

Miscellaneous 17,589 79

Total ($9,438.31 per mile) $1,166,387 25

Expenses— Conducting Transportation . . . $418,590 66

Maintenance of Equipment 183,967 09

Maintenance Way & Buildings. 147,342 69

General and Taxes 86,906 92

Total ($6,771.38 per mile).

Net earnings (28.26 p. c.), $329,579.89. Payments : Interest on bonds, $125,000 ; loss in
operating leased roads (I. & L. M. Ry., $19,280.36; T. H. & P. RR., $92,511.61; T. H. & I. RR.
Co.'s proportion [?] of loss in operating the St. L., V. & T. H. RR., $55,018.62— total, $166,-
810.59, less profit in operating T. H. & L. RR., $1,230.52), $165,580.07— total, $290,580.07.
Surplus for year, $39,999.82.

Profit and Loss Account, year ending Oct. 31, 1897.— Deficit, Oct. 31, 1896, $248,325.62 ;
loss in operating roads from Nov. 1 to Nov. 13, 1896 (T. H. & I. RR., $4,381.26 ; St. L., V.
& T. H. RR. [?], $10,344.23: T. H. & L. RR, $4,952.40; I. & L. M. Ry., $1,762.05 ; T. H.
& P. RR., $9,847.41), $31,287.35 ; reduction in value, T. H. & P. RR., construction account,
$2,346.79; reduction in value, lease account (I. & L. M. Ry., $60,920.94; T. H. & P. RR.,
$4,249.68), $65,170.62 ; uncollectible accounts, $19,655.19— total, $365,785.57. Contra: T. H.
& I. RR. Co.'s proportion (|) of surplus income of Indianapolis Union Ry. Co. on Oct. 31, 1896,
$11,000 ; balance, Oct. 31, 1897, as per general balance sheet, $355,785.57.

Statement of operations and general account for eight years ending Oct. 31 :

1890

1891

1892

1893

1894

1895

1896 1897

Passenger Train Miles

348,395
972,502
366,648
12,784,929
1,513,024
89,046,660

811,826
779,439
113,358

353,604
959,935
410,797

18,650.927
1,476,795
79,098,811

329,890
767,228
128,905

857,245
1,004,029
453,565
14,810,482
1,683,108
91,708,346

334,957
811,260
128,142

364,961
1,134,677

448,185
15,034,018
1,730,886
92,505,402

343,239
825.135
139,032

356,390
932,459
373,459
12,275,278
1,491,872
80,941,940

290,076
691,299
148,601

385,756
1,049,037
382,323
13,296,169
1,681,104
86,353,532

305,587
777,467
153,472

360,283
951,423
395,157
14,167,302
1,652,032
85,936.440
$'
312,332
750,365
150,876

350,872
771,680
362,848
13,599,863
1,579,711
87,476,868
$
293,453
722,443
150,491

Freight Train Miles ....

Passengers Carried

Passengers One Mile

Freight (tons) Moved. . . .
Freight (ton) Miles

Passen ger Earnings

Freight Earnings.

Other Earnings ...

Total Earnings

1,204,623
833,858

1,226,023
816,940

1,274,359
934,974

1,307,406
989,067

- 1,129,976
807,857

1,236,526
959,943

1,213,573
1,016,882

1,166,387
886,807

Operating Expenses

Net Earnings

370,765
119,289
142,000

10,281 21
7,086 86
3,144 35
69. 23 p. c.

1,988,150
2,200,000
602,566
597,627
440,511

409,083
119,289
142,000

9,827 05
6,548 U9
3,278 90
66.64 p. c.

1,988,150
2,200,000
292,806
677,155
718,258

339,385
119,289
142,000

9,937 30
7,2!M) 82
2,646 48
73. 37 p. c.

1,988,150
2,500,000
82,156
837,699
896,486

318,339
119,*89
141,000

10,142 80
7,o57 69
2,485 19
75. 65 p. c.

s

1,988,150
2,500,000
355,593
903,636
916,013

322.119
59,645
125,000

8,892 37
6,363 16
2,529 11
71 .49 p. C.

1,988,150
2,500,000
395,139
1,086,845
892,677

276,583

196,691

329,580

Dividends Paid

Interest Paid

125.000

9,778 00
7,59088
2,187 12
77. 63 p. c.
f
1,988,150
2,500,000
231,700
1,106,320
880,223

125.000

9,689 98
8,119 46
1,570 52
83. 79 p. C.

1,988,150
2,500,000
198.000
1,159,499

125,000

9,438 31
6,771 38
2,666 93
71.74 p. c.
$
1.988,150
2,500,000
148,000
589,069

Gross Earnings per Mile
Gross Expenses per Mile. ..
Net Earnings per Mile
Expenses to Earnings

Capital Stock

Funded Debt

Bills Payable

Other Liabilities

Profit and Loss

Total Liabilities

5,828,854

3,512,560
690,500
423,074
198,101
1,004,619

5,876,369

3,512,560
690,500
491,585
234,505
947,269

6,304,491

3,512,560
790,500
573,951
228,152
1,199,328

6,663,392

3,512,560
790,500
646,277
253,551
1,460,504

6,862,811

3,806,692
990,500
638,330
209,179
1,218,110

6,706,393

3,806.695
807,500
671,189
235,935
1,185,074

5,845,649

3,806,695
410,501
166,185
197,329
1,016,614
248,325

5,225,219

3,806,695
410.501
166,185

Construction.....

Stocks and Bonds

Other Investments

Materials

Cach and Current Assets...
Profit and Loss

486.052
.355,786

Total Assets

5,82S,&54

5,876,369

6,304,491

6,663,392

6,862,811

6,706,393

5,845,649 5,225,219

44

690 POOE'S MANUAL OF RAILROADS — RAILROAD "SYSTEMS."

General Balance Sheet, Oct. 31, 1897.

Construction Account $3,806,694 76 Common Stock (shares, $50) ............. .$1,988,150 00

Int. (one-fifth) in Ind. U. Ey. Co. (not

transferable) 166,185 12

Cash with Fanners' Loan and Trust Co.,

jj y 10,99435

Bill's Receivable 2,735 00

Due to V. T. Malott, Receiver 175,840 29

Due by Other Companies 12,695 29

Due on Miscellaneous Accounts 7,15430

Freight Cars Covered by Car Trusts 61.111 16

Locomotives Covered by Car Trusts 215.522 00

Securities Owned (see below) 410,501 00

Profit and Loss 355,785 57

Total Assets $5,225,219 34

Funded Debt Outstanding (see below).... 2,500,000 00

Accounts Payable (Unpaid Vouchers) 166,74682

Bills Payable.*. 148,000 00

Car Trust Obligations 61,111 16

Locomotive Trust Obligations 215,522 00

Due Other Companies 9,274 57

Coupons Matured and Unclaimed divi-
dends 14,270 00

Due St. L. V. & T. H. RR. Co. on Lease

Account 63,989 15

Due T. H. & L. RR. Co. on Lease Acct. . . 48,155 64
Due E. St. L. & Carondelet Ry. Co. on

Operating Account 10,000 00

Total Liabilities $5,225,219 34

" Securities Owned " in above balance sheets: stock of St. L. V. & T. H. RR. Co. (common, $326,000;
preferred, $50,000), $376,000; 1st mtge. 5 p. c. bonds of T. H. & P. RR. Co., $34,500; stock of St. L. Exposition
and Music H. Ass'n, $1— total, $410,501.

Voting power attaches to stock after 15 days' ownership. For statement in relation to
dividend payments see MANUAL for 1896, page 793.

The funded debt consisted, Oct. 31, 1897, of $1,900,000 1st consol. mtge. 6 p. c. $1,000 coup, bonds, due
July 1, 1925, interest Jan. and July; and $600,000 2d consol. mtge. 5 p. c. $1,000 coup, bonds, due July 1, 1925,
interest Jan. and July. The 1st consols, were authorized to the amount of $2,500,000, of which $2,200,000 were
used in retiring 1st mtge. 7s, which matured April 1, 1893; the remaining $300,000 were cancelled. Interest
payable at the Farmers' Loan and Trust Co., New York. Trustees of bonds: 1st consols, Farmers' Loan and
Trust' Co., New York, and Richard W. Thompson, Terre Haute, Ind.; 2d consols, Farmers' Loan and Trust
Co., New York, and William Mack, Terre Haute, Ind.

Directors (elected Jan. 12, 1898).— Wm. R. McKeen, Delos W. Minshall, Herman Hul-
man, Terre Haute, Ind.; James McCre», Joseph Wood, J. T. Brooks, Pittsburgh, Pa.; James
J. Turner, St. Louis, Mo.

VOLNEY T. MALOTT, Receiver Indianapolis, Ind.

JAMES McCKEA, President Pittsburgh, Pa.

James J. Turner, Vice- President " St. Louis, Mo.

Secretary— Qeo. E. Farrington Terre Haute, Ind. I Treasurer— Robert B. Thompson Terre Haute, Ind.

Auditor— W. S. Roney " " " \Asst. Sec.— W. G. Phefps St. Louis, Mo.

PRINCIPAL OFFICE AND ADDRESS Terre Haute, Ind.

TERRE HAUTE AND LOGANSPORT RR.-Rockville, Ind., to South Bend, Ind., 159.36 m.;
leased, JSvanwille and Terre Haute BE., Rockville, Ind., to Terre Haute, Iiid., 22.90 m. -total, 182.26 miles.- Sid-
ings, 4.5 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 and 79 Ibs. Organized to take over the property of the
Logansport, Crawfordsville and Southwestern RR. Co., which was sold under foreclosure, Sept. 10, 1879. Leased
to the T. H. <fc I. RR. Co., for 99 years from Dec. 1, 1879, the lessee paying as rental 25 p. c. of the gross earnings
less taxes, rentals, and interest ; interest on funded debt being guaranteed. (See MANUAL for 1896, p. 794.) The
Rockyille extension of the Eyansville and Terre Haute RR. is operated by this company under lease ; rental,
$9,000 per annum. Locomotives, 26. Cars— passenger, 10 ; baggage, 5 ; freight (box, 443 ; flat, 97 ; stock, 2 ;
coal, 493 ; caboose, 12), 1,047 ; other cars, 43— total cars, 1,105. Of the coal cars, 105 are leased.

Operations, year ending Oct. 31, 1897.— Trains run (passenger, 296,369 ; freight, 380,157 ; other, 1,548),
678,074 miles. Passengers carried, 254,800 ; carried one mile, 7,827,916. Tons moved, 615,269 ; ton-miles, 60,103,-
595. Earnings (passenger, $161,375 ; freight, $421,661 ; other, $39,379), $622,415. Operating expenses, $465,581.
Net earnings, $156,834; deduct rental,25 p. c. of gross earnings, $155,604. Profit to lessee, $1,231.

Income Account, T. H. & L. RR. Co., year ending Oct. 31, 1897.— Rental, 25 p. c. of gross earnings. $155,-
604. Charges: Interest on bonds, $90,000 ; taxes, $41,008 ; rental, E. & T. H. RR. Ext., $9,000; organization
expenses, $4— total, $140,012. Surplus, $15,591 ; surplus forward, $514,071— total, $529,662.

Financial Statement, Oct. 31, 1897.— Capital stock (shares, $50), $500,000 ; funded debt (1st mtge. 6 p. c.
$1,000 coup, bonds, dated Nov. 1, 1879, due Jan. 1, 1910, $500,000; extension mtge. 6 p. c. 30-yr. $1,000 coup, bonds,
due Jan. 1, 1913, $1,000,000 ; interest on both issues, Jan. and July), $1,500,000 ; bills payable, $8,900 ; construc-
tion account (due T. H. & I. RR. Co.), $443,995; coupons in default (July 1, 18%, and Jan. 1 and July 1, 1897), $135,-
000 ; coupons unclaimed, $360 ; profit and loss, $529,662— total, $3,117,917. Contra : Cost of road, etc., $2,969,-
605 ; due by T. H. & I. RR. Co. on lease account, $102,037 ; cash in hands of Farmers' Loan and Trust Co., $46,-
275— total, $3,117,917. Interest payable at Farmers' Loan and Trust Co., New York. Trustee of bonds : Benja-
min Harrison, Indianapolis, Ind. Default was made on coupons due July 1, 1896, and in Nov., 1896, committees
•were appointed to protect the interests of the bondholders. On Dec. 30, 1896, suit was brought by the trustee
under the 1st mtge. to enforce the lien of that mtge. In Feb., 1897, the receiver of the T. H. & I. RR., by order
of the court, paid the coupons due July 1, 1896, with interest from the date of their maturity. The receiver has
also paid 1st mtge. coupons matured Jan. and July, 1897, and Jan., 1898. Foreclosure is in progress under bothmtges.

Directors (elected Jan. 12, 1898).— Wm. R. McKeen, George E. Farrington, Terre Haute, Ind.; Jas. J. Tur-
ner, St. Louib, Mo.; James McCrea, Joseph Wood, Pittsburgh, Pa. OTPICBBS : JAMES McC'BEA, Pres., Pitts-
burgh, Pa.; J. J. Turner, Vice-Pres., St. Louis, Mo.; R. B. Thompson, Treas.; George E. Farrington, Sec., Terre
Haute, Ind. GENERAL OFFICE, Terre Haute, Ind.

INDIANA AND LAKE MICHIGAN RY.— South Bend, Ind., to St. Joseph, Mich., 39.29 miles.
Sidings, etc., 6 miles. Gausre, 4 ft. 8^ in. Rail (steel), 60 Ibs. Consolidation, March 30, 1888, of the Indiana
and Luke Michigan Ry. Co. of Indiana, and the Indiana and Lake Michigan Ry. Co. of Michigan. (See MANUAL
for 1896, p. 794.) Leased for 99 years, Jan., 1890, to the T. H. & I. RR. Co., the lessee to pay as rental 25 p. c. of
gross receipts, less taxes and interest ; principal and interest on funded debt being guaranteed. Rolling stock is
supplied by the lessee.

Operations, year ending Oct. 31, 1897.— Trains run (passenger, 60,342: freight, 42,415), 102,757 miles. Pas-
Aengers carried, 34,902; carried one mile, 918,298. Tons moved, 136,064; ton-miles, 4,634,550. Earnings (passen-

POOR'S MANUAL — PLANT SYSTEM. 691

ger, $17,022; freight, $48,984; other, $3,623), $69,629. Operating expenses, $71,502. Deficit from operations,
$1,873. Rental, 25 p. c. of gross earnings, $17,407. Loss to lessee, $19,280.

Lessor's Income Account, year ending Oct. 31, 1897. — Rental, $17.407. Payments : Interest on bonds,
$24,000; taxes, $2,334; general expenses, $3— total, $26,337. Balance, deficit, $8,929; deficit forward, $73,479—
total, $82,409.

Financial Statement, Oct. 31, 1897.— Capital stock (shares, $100), $800,000; funded debt, 1st mtge. 5 p. c.
5D-yr. $1,000 coup, bonds, due Sept. 1, 1939, interest March and Sept., $480,000; due T. H. & I. RR. Co. on con-
struction account, $201,218; on lease account, $46,228: coupons in default (Sept. 1, 18%, and March 1 and Sept. 1,
1897), §36,000— total, $1,563,417. Contra : Cost of road, real estate, etc.. $1,431,038; stocks owned, $50,000; profit
and loss, $82,409— total, $1,563,447. Interest on bonds guaranteed, by the Terre Haute and Indianapolis RR. Co.,
and payable at office of the trustee. Central Trust Co., New York, N. Y. Default was made on coupons due Sept.
1, 1833, and in Nov., 1896, the trustee under the mtsre. brought a suit in foreclosure, and a receiver was appointed
for this property. A decree of sale was entered June 22, 1898.

Directors (elected Jan. 12. 1898).— Wm. R. McKeen, George E. Parrington, Terre Haute, Ind.; Jos. J.
Turner, St. Louis, Mo.; James McCrea, Joseph Wood, Pittsburgh, Pa. OFFICERS: VOLNEY'T. MALOTT, Kec.,
Indianapolis, Ind. ; JAMES J. TURNER, Pres., St. Louis, Mo.; James McCrea, Vice-Pres., Pittsburgh, Pa.; R. B.
Thompson, Treat.; George E. Farrington, Sec., Terre Haute, Ind. GENERAL OFFICE, Terre Haute, Ind.

TERRE HAUTE AND PEORIA RR.— Terre Haute, Ind., to Peoria, HI., 137.60m. ; Hervey City, 111.-,
to I. C. June, (half interest), 7.60 m.— total, 145.12 miles. Trackage rights: T. H. & I. RR., Terre Haute, Ind., to
Parrington, 111., 7.88m.; 111. Cent. RR., Illinois Central June, to Maroa, 111., 15.42 m.; T., P. & W. RR., Farm-
dale to Peoria, 111., 5.21 m.— total, 28.51 miles. Total of all lines, Oct. 31, 1897, 173.63 miles. Sidings, 19 miles.
Gauge, 4 ft. 8j in. Rail (steel), 60 and 701bs. Organized Feb. 7, 1887, as successor to the Illinois Midland RR.
Co. (See MANUAL for 1886, page 505.) Leased Sept., 1892, for 99 years to-the Terre Haute and Indianapolis RR.
Co. ; rental, 30 p. c. of gross earnings, taxes, rentals and interest to be deducted; principal and interest on funded
debt being guaranteed. Locomotives, 14. Cars— passenger, 5; combination, 4; freight (box, 381 ; stock, 21; coal,
74), 476; caboose, 9; other, 8— total cars, 502.

Operations, year ending Dec. 31, 1897.— Trains run (passenger, 204,875; freight, 241,445; other, 6,065), 452,-
385 miles. Passengers carried, 148,775; carried one mile, 3,215,311. Tons moved, 446,032; ton-miles, 41,933,936
Earnings (passenger, $78,891; freight, $297,699; other, $19,032), $395,622. Operating expenses, $369,447. Net
earnings, $26,175. Rental, 30 p. c. gross earnings, $118,686.

Lessor's Income Account, year ending Oct. 31, 1897.— Rental, $118,686. Payments : Interest on bonds,
$111,500; rent of track used under contract, $23,800; taxes, $20,952; general expenses, $4— total, $156,256. Deficit,
$37,570; deficit forward, $61.343— total, $98,913.

Financial Statement, Oct. 31, 1897.— Common stock (shares, $100; auth., $3,240,000), $1,926,800; preferred
stock (auth.